Form 990 for tax year 2022

Totals

Total revenue

$8,149,982

Total expenses

$5,538,169

Contributions and grants received

$8,137,464

Grants paid

$0

Program service revenue

$0

Investment income

$0

Other revenue

$12,518

Total assets, end of year

$7,886,860

Total liabilities, end of year

$1,049,419

Net assets or fund balances, end of year

$6,837,441

Program services expenses (Part IX)

$4,281,490

Management and general expenses

$1,256,679

Fundraising expenses

$0

Program service expenses (Part III)

$4,281,490

Program services were 77.3% 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.

Mission and programs · 2022

• BUSINESS DEVELOPMENT: IN 2022 THE DRPF'S BUSINESS DEVELOPMENT PROGRAM CLOSED 33 NEW DEALS FOR THE REGION. THOSE WINS DROVE TOTAL REGIONAL ECONOMIC IMPACT OF $4.6B IN INVESTMENT AND CONSTRUCTION OUTPUT, 17,278 JOBS CREATED OR SUPPORTED (OVER 4,900 OF THOSE BEING PATHWAY JOBS), AND AN INCREASE OF OVER $950M IN REGIONAL PAYROLL.

  Expenses $1,868,338

• SPECIAL PROJECTS: THE DETROIT REGION IS ONE OF THE NATION'S MOST INNOVATIVE METRO AREAS. IT ALSO POSSESSES THE GREATEST CONCENTRATION OF MOBILITY ASSETS AND CONTINUES TO BE OUR NATION'S BEST BET TO ACCELERATE ECONOMIC PROSPERITY AND GROWTH FOR BOTH MICHIGAN AND THE UNITED STATES. THE DRPF LED A COALITION OF REGIONAL PARTNERS AND SUCCESSFULLY MADE THAT CASE TO THE US ECONOMIC DEVELOPMENT ADMINISTRATION AS PART OF ITS BUILD BACK BETTER REGIONAL CHALLENGE (BBBRC). TOGETHER, THE DRPF-LED COALITION SECURED A PHASE 1 PLANNING GRANT, AS WELL AS A SIGNIFICANT PHASE 2 GRANT FOR THE GLOBAL EPICENTER OF MOBILITY (GEM) INITIATIVE. THIS INITIATIVE WILL INVEST IN CREATING A SMART, SECURE, SUSTAINABLE AND INCLUSIVE ADVANCED MOBILITY INDUSTRY IN THE DETROIT REGION. THROUGHOUT 2022 PHASE 1 ACTIVITIES INCLUDED EXECUTION OF A MOBILITY ECOSYSTEM BASELINE STUDY, ACCELERATION OF VIPBY DRP SITE READINESS WORK AND DEVELOPMENT OF THE PROGRAM INFRASTRUCTURE NECESSARY TO LAUNCH PHASE 2 EFFORTS.

  Expenses $925,899

• MARKETING: THE DRPF'S MARKETING PROGRAM SHARES THE REGION'S STORY ACROSS VIDEO, DIGITAL, AND SOCIAL MEDIA PLATFORMS THROUGHOUT THE YEAR. IT CONTINUES TO PROMOTE THE DETROIT REGION AS A WORLD-CLASS BUSINESS LOCATION, GENERATE AWARENESS WITH ECONOMIC DEVELOPMENT PROSPECTS AND LEVERAGE PARTNERS, STAKEHOLDERS AND ADVOCATES TO SHARE KEY INFORMATION AND MESSAGING ABOUT THE REGION.

  Expenses $683,359

• "SEMI ECOSYSTEM: THE SOUTHEAST MICHIGAN ECOSYSTEM IS A CONVENING OF ORGANIZATIONS TO ADDRESS CONCERNS FROM PROSPECTIVE COMPANIES CONSIDERING THE REGION. THESE ORGANIZATIONS WORK TOGETHER TO IMPROVE THE ECONOMIC FOUNDATION OF THE 11-COUNTY SOUTHEAST MICHIGAN REGION AND MAKE OUR REGION A MORE ATTRACTIVE PLACE TO DO BUSINESS. WE ALSO PARTNER WITH MANY ECOSYSTEM PARTICIPANTS TO ATTRACT NEW BUSINESSES TO THE REGION."

  Expenses $803,894

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. 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

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

No itemized grants to organizations on this return.

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.

• DETROIT REGIONAL PARTNERSHIP

  501(C)(6) · ECONOMIC DEVELOPMENT · MI

• SOUTHEAST MICHIGAN GRANT COALITION

  501(C)(3) · ECONOMIC DEVELOPMENT · MI

Provenance

Return type

form_990

Tax year

2022

Filed

19 October 2023

IRS schema version

2022v5.0

Source object

202343009349301504

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