Form 990 for tax year 2022
Filed by DETRIOT ECONOMIC GROWTH ASSOCIATION.
Totals
- Total revenue
- $4,308,778
- Total expenses
- $4,371,037
- Contributions and grants received
- $4,256,286
- Grants paid
- $97,533
- Program service revenue
- $16,918
- Investment income
- $35,574
- Other revenue
- $0
- Total assets, end of year
- $6,721,664
- Total liabilities, end of year
- $603,002
- Net assets or fund balances, end of year
- $6,118,662
- Program services expenses (Part IX)
- $3,847,890
- Management and general expenses
- $523,147
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,847,890
Program services were 88.0% 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.
-
1e · Government grants (contributions)
$1,061,847
-
1f · All other contributions, gifts and grants
$3,194,439
-
2a · Program service revenue: CONTRACT INCOME
total $16,918 · related or exempt $16,918
-
3 · Investment income
total $35,574 · excluded $35,574
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $97,533 · program services $97,533
-
11a · Fees: management
total $927,651 · program services $692,400 · management and general $235,251
-
11b · Fees: legal
total $8,137 · program services $6,073 · management and general $2,064
-
11g · Fees: other
total $1,059,962 · program services $791,157 · management and general $268,805
-
12 · Advertising and promotion
total $73,723 · program services $73,723
-
13 · Office expenses
total $74,904 · program services $74,904
-
17 · Travel
total $932 · program services $932
-
19 · Conferences, conventions and meetings
total $138,934 · program services $134,097 · management and general $4,837
-
22 · Depreciation, depletion and amortization
total $10,637 · program services $7,939 · management and general $2,698
-
23 · Insurance
total $9,492 · management and general $9,492
-
24a · Other expenses: CONSTRUCTION/DEMOLITION
total $1,589,187 · program services $1,589,187
-
24b · Other expenses: SPECIAL PROJECTS
total $379,945 · program services $379,945
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $847,909 · end of year $2,016,555
-
2 · Savings and temporary cash investments
beginning of year $5,466,180 · end of year $4,359,784
-
3 · Pledges and grants receivable
beginning of year $293,172 · end of year $237,500
-
4 · Accounts receivable
beginning of year $6,754 · end of year $225
-
9 · Prepaid expenses and deferred charges
beginning of year $37,850 · end of year $22,500
-
10a · Land, buildings and equipment: cost or other basis
$95,738
-
10b · Land, buildings and equipment: accumulated depreciation
$10,638
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $85,100
-
17 · Accounts payable and accrued expenses
beginning of year $470,944 · end of year $603,002
-
27 · Net assets without donor restrictions
beginning of year $635,808 · end of year $506,413
-
28 · Net assets with donor restrictions
beginning of year $5,545,113 · end of year $5,612,249
Mission and programs · 2022
Mission
PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT
Activities or mission (Part I)
PROMOTE ECONOMIC GROWTH IN THE CITY OF DETROIT
-
PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT
Expenses $3,847,890 · Grants $97,533 · Revenue $16,918
As filed on the 2022 return.
Listed in Part VII
-
Kevin JohnsonKEVIN JOHNSON
PRESIDENT AND C.E.O.
- Total calculated
- $377,783
- From this org
- $0
- From related orgs
- $322,375
- Other
- $55,408
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $310,882 related
- Bonus
- $0
- Other
- $0 + $11,493 related
- Deferred
- $0 + $30,809 related
- Nontaxable benefits
- $0 + $24,599 related
- Filer's total
- $0 + $377,783 related
-
Conrad L Mallett JrCONRAD L MALLETT JR
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John BlanchardJOHN BLANCHARD
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andra RushANDRA RUSH
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael TysonMICHAEL TYSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jacci WoodsJACCI WOODS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mikyia AaronMIKYIA AARON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
April AndersonAPRIL ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marvin BeattyMARVIN BEATTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Hassan BeydounHASSAN BEYDOUN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kofi BonnerKOFI BONNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eva Garza DewaelscheEVA GARZA DEWAELSCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mike DugganMIKE DUGGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mohamad HammoudMOHAMAD HAMMOUD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kenneth L HarrisKENNETH L HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dimitrius HutchersonDIMITRIUS HUTCHERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
George W Jackson JrGEORGE W JACKSON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marshal S KlevenMARSHAL S KLEVEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eric LarsonERIC LARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mike McLauchlanMIKE MCLAUCHLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David E MeadorDAVID E MEADOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Darrell MiddletonDARRELL MIDDLETON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Adelaide PascarisADELAIDE PASCARIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Cynthia PaskyCYNTHIA PASKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mary SheffieldMARY SHEFFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ned StaeblerNED STAEBLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ronald StallworthRONALD STALLWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tony StovallTONY STOVALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Terence A Thomas SrTERENCE A THOMAS SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tony TomczakTONY TOMCZAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gary TorgowGARY TORGOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James VellaJAMES VELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Glen W Long JrGLEN W LONG JR
EXEC. V-P OF ADMIN. AND C.F.O.
- Total calculated
- $298,915
- From this org
- $0
- From related orgs
- $245,394
- Other
- $53,521
- Hours/week
- 7 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $234,830 related
- Bonus
- $0 + $10,000 related
- Other
- $0 + $564 related
- Deferred
- $0 + $29,278 related
- Nontaxable benefits
- $0 + $24,243 related
- Filer's total
- $0 + $298,915 related
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
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 LAB DRAWER LLC
$6,500
BUY DETROIT
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 ECONOMIC GROWTH CORPORATION
501(C)(4) · ECONOMIC DEVELOPMENT · MI
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
ECONOMIC DEVELOPMENT · MI · income $1,767,348 · assets $1,229,229
Directly controlled by DETROIT ECONOMIC GROWTH ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349310891
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