Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $24,415

• 1f · All other contributions, gifts and grants

  $652,472

• 2a · Program service revenue: DAYBREAK

  total $75,868 · related or exempt $75,868

• 2b · Program service revenue: KAYROD GALLERY

  total $28,508 · related or exempt $28,508

• 2c · Program service revenue: BEYOND U

  total $10,636 · related or exempt $10,636

• 6a · Gross rents

  real property $519,303

• 6b · Less rental expenses

  real property $312,444

• 6c · Rental income or loss

  real property $206,859

• 6d · Net rental income or loss

  total $206,859 · related or exempt $206,859

• 11d · All other revenue

  total $10,000 · related or exempt $10,000

• 11e · Other revenue, total

  $10,000

Functional expenses

Part IX, the statement of functional expenses.

• 11b · Fees: legal

  total $2,764 · program services $1,176 · management and general $592 · fundraising $996

• 11g · Fees: other

  total $89,821 · program services $38,203 · management and general $19,252 · fundraising $32,366

• 12 · Advertising and promotion

  total $55,285 · program services $12,691 · management and general $564 · fundraising $42,030

• 13 · Office expenses

  total $1,116 · management and general $1,116

• 19 · Conferences, conventions and meetings

  total $13,385 · program services $5,900 · management and general $7,485

• 20 · Interest

  total $195,776 · program services $195,776

• 23 · Insurance

  total $30,499 · program services $16,814 · management and general $13,685

• 24a · Other expenses: PROGRAM EXPENSES

  total $386,621 · program services $386,621

• 24b · Other expenses: RENTAL EXPENSES

  total $35,654 · program services $27,924 · management and general $7,730

• 24c · Other expenses: MEMBERSHIP DUES

  total $34,915 · program services $7,133 · management and general $27,693 · fundraising $89

• 24e · All other expenses

  total $43,432 · program services $6,651 · management and general $11,567 · fundraising $25,214

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $55,288 · end of year $17,630

• 3 · Pledges and grants receivable

  beginning of year $44,990 · end of year $97,744

• 4 · Accounts receivable

  beginning of year $4,730 · end of year $109,918

• 9 · Prepaid expenses and deferred charges

  end of year $1,281

• 17 · Accounts payable and accrued expenses

  beginning of year $6,264 · end of year $8,339

• 27 · Net assets without donor restrictions

  beginning of year $98,744 · end of year $79,822

• 28 · Net assets with donor restrictions

  end of year $138,412

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PAYS MEMBERSHIP DUES TO THE DETROIT ATHLETIC CLUB ON BEHALF OF THE EXECUTIVE DIRECTOR.