Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.76x
Liabilities / Revenue
82nd percentile
Higher debt load relative to revenue than 82% of similar nonprofits.
Net Margin
48th percentile
Higher net margin than 48% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Balance Sheet
Assets
Up$33,210
Up $29,348 (+760%) from 2014
Net Assets
Up$7,809
Up $3,947 (+102%) from 2014
Liabilities
$25,401
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$154,890
Up $56,993 (+58%) from 2014
Expenses
Up$150,943
Up $56,908 (+61%) from 2014
Net Income
Up$3,947
Up $85 (+2.2%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Aug 11, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $154,890
Mission and Program Overview
Mission
To promote the city of detroit's turnaround and to support the mayor of the city of detroit's agenda.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| IN SUPPORT OF DETROIT'S TURNAROUND, DETROIT PROGRESS FUND ASSISTS THE OFFICE OF THE MAYOR WITH EXPENDITURES NECESSARY TO CONDUCT BUSINESS FOR THE CITY, BUT FOR WHICH THERE ARE NO FUNDS AVAILABLE IN THE CITY BUDGET. EACH DISBURSEMENT IS REVIEWED AND APPROVED BY ITS BOARD FOR CONSISTENCY WITH ITS POLICIES. | - | $119,673 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DAVID JONES | Co-Chair | - | $0 | - | - |
| TRUNETTA ROACH | Co-Chair | - | $0 | - | - |
| DAVID KATZ | Officer | - | $0 | - | - |
| TATIANA GRANT | Officer | - | $0 | - | - |
| JONATHAN QUARLES | Officer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Detroit Progress Fund
- EIN
- 46-4795309
- Phone
- 5172826241
- Address
- 7650 2ND AVENUE, DETROIT, MI 48202
Signing Officer
- Name
- David Jones
- Title
- Co-chair
- Phone
- 3134189796
- Signed
- 2016-08-11
Preparer
- Firm
- Renaissance Financial Group
- Address
- 300 N 5TH AVE STE 140, ANN ARBOR, MI 48104-1467
- Preparer
- Ann Black
- Phone
- 7349941288
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office expense 4,758 supplies 1,219 software 137 travel 82,184 meals 24,339 conferences/meetings 12,150 total 124,787”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 20,401 unsecured notes and loans payable 0 5,000”
Form 990-ez, Part III
“To promote the city of detroit's turnaround and to support the mayor of the city of detroit's agenda.”
Form 990-ez, Part III, Line 28
“In support of detroit's turnaround, detroit progress fund assists the office of the mayor with expenditures necessary to conduct business for the city, but for which there are no funds available in the city budget. Each disbursement is reviewed and approved by its board for consistency with its policies.”
Raw XML Appendix115 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LINDSEY YONO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2487360043 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 7650 2ND AVENUE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | DETROIT |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 48202 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 3862 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 33210 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 154890 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 3947 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 26131 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 3862 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 33210 |
| IRS990EZ/GrossReceiptsAmt | 0 | 154890 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 3862 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 7809 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 3862 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 7809 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DAVID JONES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | TRUNETTA ROACH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DAVID KATZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TATIANA GRANT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JONATHAN QUARLES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CO-CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CO-CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 124787 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE THE CITY OF DETROIT'S TURNAROUND AND TO SUPPORT THE MAYOR OF THE CITY OF DETROIT'S AGENDA. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 25 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | IN SUPPORT OF DETROIT'S TURNAROUND, DETROIT PROGRESS FUND ASSISTS THE OFFICE OF THE MAYOR WITH EXPENDITURES NECESSARY TO CONDUCT BUSINESS FOR THE CITY, BUT FOR WHICH THERE ARE NO FUNDS AVAILABLE IN THE CITY BUDGET. EACH DISBURSEMENT IS REVIEWED AND APPROVED BY ITS BOARD FOR CONSISTENCY WITH ITS POLICIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 119673 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 25401 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 150943 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 119673 |
| IRS990EZ/TotalRevenueAmt | 0 | 154890 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE EXPENSE 4,758 SUPPLIES 1,219 SOFTWARE 137 TRAVEL 82,184 MEALS 24,339 CONFERENCES/MEETINGS 12,150 TOTAL 124,787 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 20,401 UNSECURED NOTES AND LOANS PAYABLE 0 5,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | TO PROMOTE THE CITY OF DETROIT'S TURNAROUND AND TO SUPPORT THE MAYOR OF THE CITY OF DETROIT'S AGENDA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | IN SUPPORT OF DETROIT'S TURNAROUND, DETROIT PROGRESS FUND ASSISTS THE OFFICE OF THE MAYOR WITH EXPENDITURES NECESSARY TO CONDUCT BUSINESS FOR THE CITY, BUT FOR WHICH THERE ARE NO FUNDS AVAILABLE IN THE CITY BUDGET. EACH DISBURSEMENT IS REVIEWED AND APPROVED BY ITS BOARD FOR CONSISTENCY WITH ITS POLICIES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2016-09-27 15:27:22Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DAVID JONES |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CO-CHAIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3134189796 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-08-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DETROIT PROGRESS FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DETR |
| ReturnHeader/Filer/EIN | 0 | 464795309 |
| ReturnHeader/Filer/PhoneNum | 0 | 5172826241 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 7650 2ND AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DETROIT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 48202 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 383304893 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RENAISSANCE FINANCIAL GROUP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 300 N 5TH AVE STE 140 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ANN ARBOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 481041467 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7349941288 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-08-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANN BLACK |
| ReturnHeader/ReturnTs | 0 | 2016-08-15T08:43:03-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $33,210
- Liabilities
- $25,401
- Net assets
- $7,809
- Revenue
- $154,890
- Expenses
- $150,943
- Net income
- $3,947