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Nonprofiteer
← ENDEAVOR DETROIT

Form 990 for tax year 2023

Filed by ENDEAVOR DETROIT.

Totals

Total revenue
$1,166,230
Total expenses
$1,189,177
Contributions and grants received
$1,157,234
Grants paid
$65,000
Program service revenue
$0
Investment income
$8,996
Other revenue
$0
Total assets, end of year
$973,086
Total liabilities, end of year
$57,322
Net assets or fund balances, end of year
$915,764
Program services expenses (Part IX)
$894,777
Management and general expenses
$224,964
Fundraising expenses
$69,436
Program service expenses (Part III)
$894,777

Program services were 75.2% 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

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $34,140

  • 1f · All other contributions, gifts and grants

    $1,123,094

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $8,996 · related or exempt $0 · unrelated business $0 · excluded $8,996

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $65,000 · program services $65,000

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $281,738 · program services $191,582 · management and general $70,434 · fundraising $19,722

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $434,841 · program services $339,955 · management and general $87,772 · fundraising $7,114

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $32,902 · program services $25,847 · management and general $6,758 · fundraising $297

  • 10 · Payroll taxes

    total $47,896 · program services $35,620 · management and general $10,685 · fundraising $1,591

  • 11b · Fees: legal

    total $8,552 · management and general $8,552

  • 11c · Fees: accounting

    total $25,234 · management and general $25,234

  • 11f · Fees: investment management

    total $2,332 · management and general $2,332

  • 11g · Fees: other

    total $41,623 · program services $3,501 · management and general $3,763 · fundraising $34,359

  • 12 · Advertising and promotion

    total $398 · program services $398

  • 13 · Office expenses

    total $26,487 · program services $18,541 · management and general $3,973 · fundraising $3,973

  • 16 · Occupancy

    total $13,485 · program services $11,105 · fundraising $2,380

  • 17 · Travel

    total $151,607 · program services $151,607

  • 19 · Conferences, conventions and meetings

    total $51,621 · program services $51,621

  • 23 · Insurance

    total $5,461 · program services $0 · management and general $5,461 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $490,185 · end of year $343,506

  • 2 · Savings and temporary cash investments

    beginning of year $22,827 · end of year $21,206

  • 3 · Pledges and grants receivable

    beginning of year $13,418 · end of year $244,182

  • 4 · Accounts receivable

    beginning of year $93,467

  • 11 · Investments: publicly traded securities

    beginning of year $326,170 · end of year $364,192

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,091 · end of year $57,322

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $843,976 · end of year $680,764

  • 28 · Net assets with donor restrictions

    beginning of year $65,000 · end of year $235,000

Mission and programs · 2023

Mission

Endeavor Detroit is leading the high-impact entrepreneurship movement in Michigan and the wider Great Lakes region, catalyzing long-term economic growth by selecting, mentoring, and supporting the best high-impact entrepreneurs in the region. High-impact entrepreneurs are those with the potential to build high-growth businesses that drive job creation and economic impact, and who demonstrate a commitment to the community. These high-impact entrepreneurs become key drivers of economic growth and inspire others to scale up, think bigger, and support other entrepreneurs and the broader community.

Activities or mission (Part I)

Endeavor Detroit is leading the high-impact entrepreneurship movement in Michigan and the wider Great Lakes region, catalyzing long-term economic growth by selecting, mentoring, and supporting the best high-impact entrepreneurs in the region.

  • In 2023 Endeavor Detroit supported a portfolio of 39 entrepreneurs leading 22 companies across the Great Lakes region. In 2023, Endeavor also selected Curlmix, its third company out of Chicago. Endeavor provided entrepreneur mentorship and other services including support with fundraising, access to partnerships, access to growth markets, and business and leadership development programs. In 2023, Endeavor reviewed hundreds of companies and contributed hundreds of hours of mentorship and support to companies in the Great Lakes region. The organization also launched the National Selection Program, an initiative focused on supporting exceptional leaders of future high-growth companies across the U.S. to support their next-level growth and scale. Moreover, the organization developed, managed, and ran the U.S. region's first Endeavor Entrepreneur, Board, and Staff retreat, which brought together over 100 leaders in high growth entrepreneurship to convene, network, and learn from successful scaleup founders/leaders. The organization's efforts in 2023 resulted in entrepreneurs giving Endeavor an "Excellent" average rating for services provided.

    Expenses $894,777 · Grants $65,000

As filed on the 2023 return.

Listed in Part VII

  • Diana Callaghan

    MANAGING DIRECTOR

    Total calculated
    $284,685
    From this org
    $259,887
    From related orgs
    $0
    Other
    $24,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,318
    Bonus
    $51,569
    Other
    $0
    Deferred
    $9,556
    Nontaxable benefits
    $15,242
    Filer's total
    $284,685

  • Isabella Artiles

    SENIOR MANAGER ENTREPRENEUR EXPERIENCE

    Total calculated
    $117,313
    From this org
    $107,004
    From related orgs
    $0
    Other
    $10,309
    Hours/week
    40

  • Nate Lowery

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lynda Applegate

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Vichich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Wenk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations

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

Provenance

Return type
form_990
Tax year
2023
Filed
20 July 2024
IRS schema version
2023v5.0
Source object
202412079349300826

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