Form 990 for tax year 2022
Filed by THE DETROIT ATHLETIC CLUB FOUNDATION.
Totals
- Total revenue
- $821,319
- Total expenses
- $386,824
- Contributions and grants received
- $831,665
- Grants paid
- $260,603
- Program service revenue
- $0
- Investment income
- $58,457
- Other revenue
- -$68,803
- Total assets, end of year
- $5,139,136
- Total liabilities, end of year
- $55,262
- Net assets or fund balances, end of year
- $5,083,874
- Program services expenses (Part IX)
- $345,911
- Management and general expenses
- $40,913
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $345,911
Program services were 89.4% 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.
-
1c · Fundraising events
$280,635
-
1f · All other contributions, gifts and grants
$551,030
-
3 · Investment income
total $36,946 · excluded $36,946
-
7a · Gross sales of assets other than inventory
securities $111,028
-
7b · Less cost or other basis and sales expenses
securities $89,517
-
7c · Gain or loss
securities $21,511
-
7d · Net gain or loss
total $21,511 · excluded $21,511
-
8a · Fundraising events: gross income
$150
-
8a · Fundraising events: contributions included on line 1c
$280,635
-
8b · Fundraising events: direct expenses
$68,953
-
8c · Net income from fundraising events
total -$68,803 · excluded -$68,803
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $202,183 · program services $202,183
-
2 · Grants to domestic individuals
total $58,420 · program services $58,420
-
11b · Fees: legal
total $984 · management and general $984
-
13 · Office expenses
total $10,754 · program services $3,398 · management and general $7,356
-
17 · Travel
total $3,029 · program services $3,029
-
19 · Conferences, conventions and meetings
total $266 · management and general $266
-
22 · Depreciation, depletion and amortization
total $12,480 · management and general $12,480
-
24a · Other expenses: ATHLETE AWARD EVENT
total $66,532 · program services $66,532
-
24b · Other expenses: PRINTING
total $20,736 · program services $2,096 · management and general $18,640
-
24c · Other expenses: LIGHTING PROJECT
total $6,000 · program services $6,000
-
24d · Other expenses: SERVICE CHARGE
total $574 · management and general $574
-
24e · All other expenses
total $4,866 · program services $4,253 · management and general $613
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $209,089 · end of year $374,291
-
2 · Savings and temporary cash investments
beginning of year $155,334 · end of year $74,668
-
3 · Pledges and grants receivable
beginning of year $32,245 · end of year $29,404
-
4 · Accounts receivable
beginning of year $346,711 · end of year $115,555
-
9 · Prepaid expenses and deferred charges
beginning of year $15,000 · end of year $15,000
-
10a · Land, buildings and equipment: cost or other basis
$2,937,896
-
10b · Land, buildings and equipment: accumulated depreciation
$212,604
-
10c · Land, buildings and equipment, net
beginning of year $2,740,174 · end of year $2,725,292
-
11 · Investments: publicly traded securities
beginning of year $1,554,545 · end of year $1,804,926
-
17 · Accounts payable and accrued expenses
beginning of year $49,263 · end of year $55,262
-
27 · Net assets without donor restrictions
beginning of year $3,421,847 · end of year $3,474,895
-
28 · Net assets with donor restrictions
beginning of year $1,581,988 · end of year $1,608,979
Mission and programs · 2022
Mission
TO RAISE AND EXPEND FUNDS FOR THE BEAUTIFICATION, SUPPORT OF PROGRAMS FOR PUBLIC SAFETY, AND IMPROVEMENT OF DETROIT, MICHIGAN AND SOUTHEASTERN MICHIGAN. TO RAISE AND EXPEND FUNDS FOR THE AWARD OF SCHOLARSHIPS AND THE PROMOTION OF ACADEMIC AND ATHLETIC ACHIEVEMENT.
-
THE DETROIT ATHLETIC CLUB FOUNDATION CONDUCTED A SERIES OF EVENTS TO CONTINUE THE FOUNDATION'S MISSION OF PROMOTING ACADEMIC AND ATHLETIC ACHIEVEMENT, INCLUDING MICHIGAN HIGH SCHOOL ATHLETE OF THE YEAR AWARDS NIGHT AND BOXING NIGHT. IN ADDITION, THE FOUNDATION AWARDED GRANTS TO VARIOUS ORGANIZATIONS WHO FURTHER PROMOTE THE FOUNDATION'S MISSION.
Expenses $345,911 · Grants $260,603
As filed on the 2022 return.
Listed in Part VII
-
Matthew PappasMATTHEW PAPPAS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Frederick DammFREDERICK DAMM
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Blake EllisBLAKE ELLIS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Melinda Conway CallahanMELINDA CONWAY CALLAHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ehrlich CrainEHRLICH CRAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian DemkowiczBRIAN DEMKOWICZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David DevineDAVID DEVINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David FisherDAVID FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda ForteLINDA FORTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vito Gioia IIVITO GIOIA II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lorron JamesLORRON JAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Douglas KrizanicDOUGLAS KRIZANIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Justin RemingtonJUSTIN REMINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Derron SandersDERRON SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lorna UtleyLORNA UTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David ProvostDAVID PROVOST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gene LovascoGENE LOVASCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald GantnerRONALD GANTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce BabiarzBRUCE BABIARZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy MaierNANCY MAIER
EXECUTIVE DIRECTOR
- Total calculated
- $67,052
- From this org
- $0
- From related orgs
- $61,635
- Other
- $5,417
- Hours/week
- 40
-
Charles JohnsonCHARLES JOHNSON
DIRECTOR
- Total calculated
- $511,246
- From this org
- $0
- From related orgs
- $508,325
- Other
- $2,921
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $345,833 related
- Bonus
- $0 + $150,000 related
- Other
- $0 + $12,492 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $2,921 related
- Filer's total
- $0 + $511,246 related
-
Jane JuscyzkJANE JUSCYZK
ASST SECRETARY
- Total calculated
- $124,361
- From this org
- $0
- From related orgs
- $122,392
- Other
- $1,969
- Hours/week
- 1 + 40 related
-
Aaron LackeyAARON LACKEY
ASST TREASURER
- Total calculated
- $298,949
- From this org
- $0
- From related orgs
- $293,508
- Other
- $5,441
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $237,734 related
- Bonus
- $0 + $55,774 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,441 related
- Filer's total
- $0 + $298,949 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
-
US NAVAL ACADEMY ENDOWMENT
$54,789
ADVANCEMENT OF THE ACADEMIES BOXING PROGRAM
-
ADVANCEMENT OF THE ACADEMIES BOXING PROGRAM
-
ADVANCEMENT OF THE ACADEMIES BOXING PROGRAM
-
DETROIT PUBLIC SAFETY FOUNDATION
$20,988
FOR FIRST RESPONDER SUPPLIES AND FOOD ASSISTANCE DURING THE THREE-MONTH-LONG SEARCH EFFORT FOR HUMAN REMAINS; FOR PURCHASE OF TOYS FOR CHILDREN WITH TRAUMA EXPERIENCES
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.
-
501(C)7 · SOCIAL CLUB · 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.
-
DAC CYCLING
CYCLING RACE · MI · income $0 · assets $0
Directly controlled by DAC FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349306637
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