Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $124,100

• 1f · All other contributions, gifts and grants

  $6,590,526

• 1g · Noncash contributions included above

  $177,854

• 2f · All other program service revenue

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

• 3 · Investment income

  total $2,101,973 · excluded $2,101,973

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $4,284,772

• 7c · Gain or loss

  securities $4,284,772 · other assets $0

• 7d · Net gain or loss

  total $4,284,772 · excluded $4,284,772

• 8a · Fundraising events: gross income

  $3,960

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

  $124,100

• 8b · Fundraising events: direct expenses

  $39,064

• 8c · Net income from fundraising events

  total -$35,104 · excluded -$35,104

• 11d · All other revenue

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

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,922,190 · program services $2,922,190

• 2 · Grants to domestic individuals

  total $107,991 · program services $107,991

• 11a · Fees: management

  total $1,716,562 · management and general $362,003 · fundraising $1,354,559

• 11c · Fees: accounting

  total $11,667 · management and general $11,667

• 11f · Fees: investment management

  total $283,395 · management and general $283,395

• 11g · Fees: other

  total $64,137 · program services $0 · management and general $0 · fundraising $64,137

• 13 · Office expenses

  total $121,294 · program services $37,798 · fundraising $83,496

• 17 · Travel

  total $62,958 · fundraising $62,958

• 22 · Depreciation, depletion and amortization

  total $24,687 · fundraising $24,687

• 24a · Other expenses: PROVISION FOR BAD DEBTS

  total $82,459 · management and general $82,459

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $25,841 · fundraising $25,841

• 24c · Other expenses: EMPLOYEE TRAINING

  total $24,779 · fundraising $24,779

• 24d · Other expenses: EVENT EXPENSES

  total $77,148 · program services $77,148

• 24e · All other expenses

  total $1,130 · program services $0 · management and general $1,130 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,097,655 · end of year $8,060,494

• 2 · Savings and temporary cash investments

  beginning of year $10,719 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $8,334,209 · end of year $5,567,673

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $15,647 · end of year $17,004

• 10a · Land, buildings and equipment: cost or other basis

  $850,637

• 10b · Land, buildings and equipment: accumulated depreciation

  $195,621

• 10c · Land, buildings and equipment, net

  beginning of year $679,703 · end of year $655,016

• 12 · Investments: other securities

  beginning of year $56,663,940 · end of year $63,555,305

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,466,134 · end of year $1,856,893

• 17 · Accounts payable and accrued expenses

  beginning of year $126,909 · end of year $119,088

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $479,488 · end of year $525,540

• 27 · Net assets without donor restrictions

  beginning of year $34,525,721 · end of year $37,041,649

• 28 · Net assets with donor restrictions

  beginning of year $36,135,889 · end of year $42,026,108

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE CEO WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE RELATED ORGANIZATION USED THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF THE PRESIDENT OF THE FILING ORGANIZATION: INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Schedule J, Part I, Line 4a Severance or change-of-control payment

KIM HOPPE RECEIVED A SEVERANCE PAYMENT OF $111,814 DURING THE TAX YEAR. PAYMENTS WERE MADE IN BI-WEEKLY INSTALLMENTS OVER 26 WEEKS PER THE AGREEMENT SIGNED BY THE PARTIES ON 9/28/2023.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• UMRC DETROIT AAL INC

  C Corporation · GENERAL PARTNER · MI

  Directly controlled by NA