Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Detroit Progress Fund
990EZ • Fiscal year 2020 • EIN 46-4795309
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.32x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% 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
30th percentile
Faster revenue growth than 30% of similar nonprofits.
Balance Sheet
Assets
Up$57,243
Up $51,017 (+819%) from 2019
Net Assets
Up$38,961
Up $55,875 (+330%) from 2019
Liabilities
Down$18,282
Down $4,858 (-21%) from 2019
Revenue And Expenses
Revenue
Down$107,859
Down $55,561 (-34%) from 2019
Expenses
Down$51,984
Down $74,682 (-59%) from 2019
Net Income
Up$55,875
Up $19,121 (+52%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Oct 25, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $107,859
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. | - | $39,868 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TRUNETTA ROACH | Treasurer | - | $0 | - | - |
| DAVID KATZ | Officer | - | $0 | - | - |
| TATIANA GRANT | Vice Preside | - | $0 | - | - |
| JONATHAN QUARLES | President | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Detroit Progress Fund
- EIN
- 46-4795309
- Phone
- 5175151937
- Address
- PO BOX 32183, DETROIT, MI 48232
Signing Officer
- Name
- Jonathan Quarles
- Title
- President
- Signed
- 2021-10-25
- Discuss with paid preparer
- Yes
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 community outreach 89 gifts 3,002 office expense 1,649 travel 3,960 meals 7,619 interest 2,859 total 19,178”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 23,140 18,282”
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 Appendix118 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 |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | TRUNETTA ROACH |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | DAVID KATZ |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | TATIANA GRANT |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | JONATHAN QUARLES |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | ABBEY DINSMORE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5175151937 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1222 N VERMONT |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ROYAL OAK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 48067 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 6226 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 57243 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 107859 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 55875 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 32806 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 6226 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 57243 |
| IRS990EZ/GrossReceiptsAmt | 0 | 107859 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -16914 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 38961 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -16914 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 38961 |
| 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/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TRUNETTA ROACH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAVID KATZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | TATIANA GRANT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JONATHAN QUARLES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 19178 |
| 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/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 | 39868 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 23140 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 18282 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 51984 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 39868 |
| IRS990EZ/TotalRevenueAmt | 0 | 107859 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.DETROITPROGRESSFUND.COM |
| 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 COMMUNITY OUTREACH 89 GIFTS 3,002 OFFICE EXPENSE 1,649 TRAVEL 3,960 MEALS 7,619 INTEREST 2,859 TOTAL 19,178 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 23,140 18,282 |
| 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 |
| ReasonableCauseExplanation/ExplanationTxt | 0 | FORM 990-EZ TAX RETURN WAS FILED TIMELY VIA USPS MAIL ON OR BEFORE MAY 15, 2021. SUBSEQUENT TO THIS FILING, TAXPAYER BECAME AWARE THE IRS SENT CO259A INDICATING FORM 990-EZ HAD NOT BEEN RECEIVED BY THE IRS. TAXPAYER IMMEDIATELY CONTACTED THE IRS TO ASCERTAIN RETURN FILING STATUS AND IMMEDIATELY SUBMITTED THE RETURN VIA E-FILE. TAXPAYER RESPECTULLY REQUESTS ANY FAILURE TO FILE PENALTIES BE WAIVED DUE TO NO INTENTIONAL FAILURE TO FILE, AND THE IMMEDIATE RE-FILING UPON DETERMINING FIRST FILING WAS NOT RECEIVED BY THE IRS. |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JONATHAN QUARLES |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-10-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DETROIT PROGRESS FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DETR |
| ReturnHeader/Filer/EIN | 0 | 464795309 |
| ReturnHeader/Filer/PhoneNum | 0 | 5175151937 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 32183 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DETROIT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 48232 |
| 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 | 2021-10-25 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANN BLACK |
| ReturnHeader/ReturnTs | 0 | 2021-10-25T13:09:27-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JONATHAN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | QUARLES |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $57,243
- Liabilities
- $18,282
- Net assets
- $38,961
- Revenue
- $107,859
- Expenses
- $51,984
- Net income
- $55,875