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Nonprofiteer
← INVEST DETROIT FOUNDATION

Form 990 for tax year 2022

Filed by INVEST DETROIT FOUNDATION.

Totals

Total revenue
$24,220,233
Total expenses
$16,790,775
Contributions and grants received
$18,975,099
Grants paid
$4,647,500
Program services expenses (Part IX)
$12,872,501
Management and general expenses
$3,918,274
Fundraising expenses
$0
Program service expenses (Part III)
$12,872,501

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MATTHEW P CULLEN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • RODERICK D GILLUM

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JOHN BLANCHARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOANN CHAVEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANTOINE M GARIBALDI PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WRIGHT L LASSITER III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY LEWIS JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD A MANOOGIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES G MCCLURE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN NISSENBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS RIZIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALAN S SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE SHANK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY TORGOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA TRUDEAU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID BLASZKIEWICZ

    PRESIDENT & CEO

    Total calculated
    $473,938
    From this org
    $429,390
    From related orgs
    $0
    Other
    $44,548
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $399,390
    Bonus
    $30,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $26,248
    Filer's total
    $473,938

  • CARRIE LEWAND-MONROE

    CHIEF OPERATING OFFICER

    Total calculated
    $289,163
    From this org
    $263,277
    From related orgs
    $0
    Other
    $25,886
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $241,277
    Bonus
    $22,000
    Other
    $0
    Deferred
    $5,220
    Nontaxable benefits
    $20,666
    Filer's total
    $289,163

  • AMBER GLADNEY

    ASSISTANT SECRETARY

    Total calculated
    $165,255
    From this org
    $149,992
    From related orgs
    $0
    Other
    $15,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,992
    Bonus
    $12,000
    Other
    $0
    Deferred
    $8,253
    Nontaxable benefits
    $7,010
    Filer's total
    $165,255

  • PAUL TRULIK

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA GLAZA

    EXECUTIVE VICE PRESIDENT, VENTURE

    Total calculated
    $299,470
    From this org
    $263,117
    From related orgs
    $0
    Other
    $36,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,117
    Bonus
    $22,000
    Other
    $0
    Deferred
    $13,147
    Nontaxable benefits
    $23,206
    Filer's total
    $299,470

  • KEONA COWAN

    EXECUTIVE VICE PRESIDENT, LENDING

    Total calculated
    $297,114
    From this org
    $261,493
    From related orgs
    $0
    Other
    $35,621
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,493
    Bonus
    $22,000
    Other
    $0
    Deferred
    $11,771
    Nontaxable benefits
    $23,850
    Filer's total
    $297,114

  • MARTIN DOBER

    SENIOR VICE PRESIDENT, VENTURE

    Total calculated
    $236,532
    From this org
    $202,675
    From related orgs
    $0
    Other
    $33,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,675
    Bonus
    $15,000
    Other
    $0
    Deferred
    $11,553
    Nontaxable benefits
    $22,304
    Filer's total
    $236,532

  • DANIELLE GRACEFFA

    GENERAL COUNSEL

    Total calculated
    $256,888
    From this org
    $222,315
    From related orgs
    $0
    Other
    $34,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,315
    Bonus
    $15,000
    Other
    $0
    Deferred
    $12,439
    Nontaxable benefits
    $22,134
    Filer's total
    $256,888

  • PAUL JONES

    DIRECTOR OF BUSINESS SUPPORT NETWORK

    Total calculated
    $199,798
    From this org
    $188,373
    From related orgs
    $0
    Other
    $11,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,373
    Bonus
    $7,000
    Other
    $0
    Deferred
    $10,423
    Nontaxable benefits
    $1,002
    Filer's total
    $199,798

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • INVEST DETROIT CDE

    501(C)(4) · LOAN FUND · MI · controlled entity

    Directly controlled by DETROIT DEVELOPMENT VENTURES INC

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333079349302648

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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