Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $667,706

• 1e · Government grants (contributions)

  $24,225,698

• 1f · All other contributions, gifts and grants

  $1,978,237

• 3 · Investment income

  total $8,926,953 · related or exempt $8,926,953

• 6a · Gross rents

  real property $232,606

• 6b · Less rental expenses

  real property $9,621

• 6c · Rental income or loss

  real property $222,985

• 6d · Net rental income or loss

  total $222,985 · unrelated business $37,082 · excluded $185,903

• 8a · Fundraising events: gross income

  $191,493

• 8a · Fundraising events: contributions included on line 1c

  $667,706

• 8b · Fundraising events: direct expenses

  $230,152

• 8c · Net income from fundraising events

  total -$38,659 · excluded -$38,659

• 9a · Gaming: gross income

  $14,735

• 9b · Gaming: direct expenses

  $5,329

• 9c · Net income from gaming

  total $9,406 · excluded $9,406

• 11a · Other revenue: MISCELLANEOUS

  total $305,255 · related or exempt $305,255

• 11e · Other revenue, total

  $305,255

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $166,683 · program services $166,683

• 2 · Grants to domestic individuals

  total $1,908,299 · program services $1,908,299

• 5 · Compensation of officers, directors and key employees

  total $1,346,881 · program services $240,365 · management and general $919,490 · fundraising $187,026

• 7 · Other salaries and wages

  total $15,644,181 · program services $14,084,464 · management and general $1,178,358 · fundraising $381,359

• 9 · Other employee benefits

  total $1,867,396 · program services $1,704,501 · management and general $112,160 · fundraising $50,735

• 10 · Payroll taxes

  total $1,272,300 · program services $1,078,176 · management and general $150,357 · fundraising $43,767

• 11b · Fees: legal

  total $13,017 · management and general $13,017

• 11c · Fees: accounting

  total $63,000 · management and general $63,000

• 11d · Fees: lobbying

  total $42,000 · management and general $42,000

• 11f · Fees: investment management

  total $55,088 · fundraising $55,088

• 11g · Fees: other

  total $2,105,224 · program services $1,794,808 · management and general $280,032 · fundraising $30,384

• 13 · Office expenses

  total $406,762 · program services $308,775 · management and general $69,126 · fundraising $28,861

• 16 · Occupancy

  total $1,424,335 · program services $1,315,909 · management and general $96,113 · fundraising $12,313

• 20 · Interest

  total $181,800 · program services $181,800

• 22 · Depreciation, depletion and amortization

  total $1,286,484 · program services $1,149,392 · management and general $126,077 · fundraising $11,015

• 23 · Insurance

  total $352,307 · program services $204,752 · management and general $147,555

• 24a · Other expenses: UNRELATED BUSINESS INCO

  total $7,695 · management and general $7,695

• 24b · Other expenses: TRANSPORTATION AND TRAI

  total $291,482 · program services $260,905 · management and general $27,401 · fundraising $3,176

• 24c · Other expenses: EMPLOYMENT AND OTHER ST

  total $283,067 · program services $17,205 · management and general $264,645 · fundraising $1,217

• 24d · Other expenses: DIRECT CARE/SPECIFIC AS

  total $270,942 · program services $270,942 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $486,529 · program services $315,677 · management and general $134,645 · fundraising $36,207

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,016,918 · end of year $3,674,979

• 2 · Savings and temporary cash investments

  beginning of year $1,400 · end of year $1,459

• 3 · Pledges and grants receivable

  beginning of year $10,110 · end of year $200,250

• 4 · Accounts receivable

  beginning of year $3,171,858 · end of year $4,226,083

• 9 · Prepaid expenses and deferred charges

  beginning of year $372,815 · end of year $507,403

• 10a · Land, buildings and equipment: cost or other basis

  $43,713,370

• 10b · Land, buildings and equipment: accumulated depreciation

  $27,694,471

• 10c · Land, buildings and equipment, net

  beginning of year $14,856,070 · end of year $16,018,899

• 11 · Investments: publicly traded securities

  beginning of year $2,640,596 · end of year $3,057,720

• 12 · Investments: other securities

  beginning of year $42,101 · end of year $42,721

• 13 · Investments: program-related

  beginning of year $16,556,599 · end of year $25,390,084

• 17 · Accounts payable and accrued expenses

  beginning of year $1,804,889 · end of year $1,899,361

• 19 · Deferred revenue

  beginning of year $61,000 · end of year $61,000

• 24 · Unsecured notes and loans payable

  beginning of year $922,221 · end of year $822,221

• 25 · Other liabilities

  beginning of year $5,371,101 · end of year $4,669,700

• 27 · Net assets without donor restrictions

  beginning of year $37,599,252 · end of year $45,353,536

• 28 · Net assets with donor restrictions

  beginning of year $910,004 · end of year $313,780

The filer's explanations (Part III)

PART I, LINE 1A

DETROIT ATHLETIC CLUB MEMBERSHIP FOR ANGELA AUFDEMBERGE, CEO ADVISOR. VILLAGE CLUB MEMBERSHIP FOR MEGAN ZAMBIASI, CEO.

PART I, LINES 4A-B

KATHLEEN REGAN, MEREDITH REESE, MARY VOGT, AND JAYNE DIORKA WERE AWARDED $26,940, $15,030, $9,272, AND $20,000 RESPECTIVELY, IN A SERP TO VEST OVER 3-5 YEARS. ANGELA AUFDEMBERGE, KATHLEEN REGAN, AND JAYNE DIORKA RECEIVED A VESTED SERP PAYMENT. ANGELA AUFDEMBERGE RECEIVED A SEVERANCE BONUS.