Totals
- Total revenue
- $3,778,043
- Total expenses
- $3,968,271
- Contributions and grants received
- $3,598,284
- Grants paid
- $0
- Program service revenue
- $182,523
- Investment income
- $19,225
- Other revenue
- -$21,989
- Total assets, end of year
- $2,982,228
- Total liabilities, end of year
- $994,754
- Net assets or fund balances, end of year
- $1,987,474
- Program services expenses (Part IX)
- $3,253,126
- Management and general expenses
- $296,165
- Fundraising expenses
- $418,980
- Program service expenses (Part III)
- $3,253,126
Program services were 82.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$259,274
-
1c · Fundraising events
$78,136
-
1e · Government grants (contributions)
$1,563,602
-
1f · All other contributions, gifts and grants
$1,697,272
-
2a · Program service revenue: Accounting Aid Academy
total $23,597 · related or exempt $23,597
-
2b · Program service revenue: DTE Home Heating Credit
total $150,000 · related or exempt $150,000
-
2c · Program service revenue: Oakland Livingston
total $5,226 · related or exempt $5,226
-
2d · Program service revenue: Techtwon
total $3,700 · related or exempt $3,700
-
3 · Investment income
total $19,225 · related or exempt $19,225
-
8a · Fundraising events: gross income
$7,550
-
8a · Fundraising events: contributions included on line 1c
$78,136
-
8b · Fundraising events: direct expenses
$29,539
-
8c · Net income from fundraising events
total -$21,989 · excluded -$21,989
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $234,124 · program services $222,418 · management and general $9,365 · fundraising $2,341
-
7 · Other salaries and wages
total $2,344,197 · program services $1,904,739 · management and general $194,583 · fundraising $244,875
-
10 · Payroll taxes
total $492,844 · program services $406,610 · management and general $49,290 · fundraising $36,944
-
11b · Fees: legal
total $9,797 · program services $8,884 · management and general $913
-
11c · Fees: accounting
total $19,000 · program services $17,229 · management and general $1,771
-
11g · Fees: other
total $174,427 · program services $107,181 · management and general $11,017 · fundraising $56,229
-
12 · Advertising and promotion
total $31,856 · program services $27,207 · management and general $1,506 · fundraising $3,143
-
13 · Office expenses
total $58,964 · program services $53,523 · management and general $2,445 · fundraising $2,996
-
14 · Information technology
total $177,029 · program services $162,955 · management and general $4,765 · fundraising $9,309
-
16 · Occupancy
total $245,534 · program services $226,885 · management and general $10,230 · fundraising $8,419
-
22 · Depreciation, depletion and amortization
total $64,515 · program services $53,224 · management and general $6,194 · fundraising $5,097
-
23 · Insurance
total $25,711 · program services $21,212 · management and general $2,468 · fundraising $2,031
-
24a · Other expenses: Other Expenses
total $90,273 · program services $41,059 · management and general $1,618 · fundraising $47,596
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $689,048 · end of year $568,144
-
2 · Savings and temporary cash investments
beginning of year $225,762 · end of year $98,181
-
3 · Pledges and grants receivable
beginning of year $527,760 · end of year $602,827
-
9 · Prepaid expenses and deferred charges
beginning of year $76,509 · end of year $46,776
-
10a · Land, buildings and equipment: cost or other basis
$645,011
-
10b · Land, buildings and equipment: accumulated depreciation
$293,646
-
10c · Land, buildings and equipment, net
beginning of year $335,640 · end of year $351,365
-
11 · Investments: publicly traded securities
beginning of year $103,821 · end of year $127,592
-
15 · Other assets
beginning of year $1,266,965 · end of year $1,187,343
-
17 · Accounts payable and accrued expenses
beginning of year $188,847 · end of year $190,789
-
25 · Other liabilities
beginning of year $882,727 · end of year $803,965
-
27 · Net assets without donor restrictions
beginning of year $1,695,916 · end of year $1,632,702
-
28 · Net assets with donor restrictions
beginning of year $458,015 · end of year $354,772
Mission and programs · 2023
Mission
Accounting Aid Societys mission is to help grow an economy for individuals, families and small businesses in Detroit and Southeastern Michigan. We do this by providing free tax preparation, small business financial services, financial coaching and call center workforce training.
-
Accounting Aid Society touches over 20,000 lives annually, with an economic impact of $28.3 million on low and middle-income households. More than 300 volunteers donate over 9,300 hours to helping our clients build a foundation for economic independence. These dollars are diverted directly back to southeast Michigan communities, often paying for basic needs such as food, utilities, transportation, and rent. Accounting Aid Societys services are designed to advance sustainable and equitable growth in Detroit neighborhoods and surrounding communities, to assist in gaining economic self-sufficiency, enabling our clients to prosper and share in the economic fabric of the region.
Expenses $2,933,402 · Revenue $1,861,197
-
The Accounting Aid Academy guides micro-entrepreneurs in historically underserved neighborhoods to achieve sustainability and growth in their financial operations. Trained staff provides education and technical services to small business owners on topics that are instrumental in their success, such as tax preparation, record keeping, tracking revenue and expenses, financial statements, accounting software, and other issues identified by clients and staff.
Expenses $319,724 · Revenue $574,980
As filed on the 2023 return.
Listed in Part VII
-
Priscilla Perkins
President and CEO
- Total calculated
- $137,397
- From this org
- $137,397
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Harry Fredrick Cook
Senior Director of Fin and Ad
- Total calculated
- $96,727
- From this org
- $96,727
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dion D Stevens
Director
- Total calculated
- $0
- Hours/week
- 2
-
David T Rehrauer
Director
- Total calculated
- $0
- Hours/week
- 2
-
Gregory A Nowak
Director
- Total calculated
- $0
- Hours/week
- 2
-
Nick Quigley
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brendan Sullivan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Deborah Gordon
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kevin Patterson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Alan C Young
Director
- Total calculated
- $0
- Hours/week
- 2
-
Micheal Dixon
Director
- Total calculated
- $0
- Hours/week
- 2
-
Anthony McCree
Director
- Total calculated
- $0
- Hours/week
- 2
-
Patricia Mousseau
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth Bluhm
Director
- Total calculated
- $0
- Hours/week
- 2
-
Robert Zalewski
Director
- Total calculated
- $0
- Hours/week
- 2
-
Diane Dossin
Director
- Total calculated
- $0
- Hours/week
- 2
-
Audrey Harvey
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Fort
Director
- Total calculated
- $0
- Hours/week
- 2
-
Richard Favor
Director
- Total calculated
- $0
- Hours/week
- 2
-
LaShanda Davis
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jeramey J Lynch
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
John Anstett
Treasurer
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501259349302300
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.