Civic Intelligence

Detroit Riverfront Events Inc

990 • Fiscal year 2015 • EIN 47-3723583

Apr 15, 2015 to Dec 31, 2015 • Filed on Apr 26, 2016

P O Box 71Washington, MI 48094

(313) 329-8047

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.56x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

0.05x

Higher debt load relative to revenue than 51% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Net Margin

47th percentile

3.9%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$74,423

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$48,807

No earlier filing loaded for comparison.

Net Assets

$21,671

No earlier filing loaded for comparison.

Liabilities

$27,136

No earlier filing loaded for comparison.

Revenue

$556,524

No earlier filing loaded for comparison.

Expenses

$534,853

No earlier filing loaded for comparison.

Net Income

$21,671

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0-$20KAssets 2015: $48,807Liabilities 2015: $27,136Net Assets 2015: $21,6712015Assets 2016: $22,592Liabilities 2016: $22,219Net Assets 2016: $3732016Assets 2017: $17,393Liabilities 2017: $22,154Net Assets 2017: -$4,7612017Assets 2018: $9,185Liabilities 2018: $21,320Net Assets 2018: -$12,1352018Assets 2019: $10,398Liabilities 2019: $20,000Net Assets 2019: -$9,6022019Assets 2020: $32,551Liabilities 2020: $29,900Net Assets 2020: $2,6512020Assets 2021: $7,789Liabilities 2021: $20,000Net Assets 2021: -$12,2112021

Highlighted filing

2015

Assets$48,807
Liabilities$27,136
Net Assets$21,671

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $556,524Expenses 2015: $534,853Net Income 2015: $21,6712015Revenue 2016: $677,213Expenses 2016: $698,511Net Income 2016: -$21,2982016Revenue 2017: $539,870Expenses 2017: $545,004Net Income 2017: -$5,1342017Revenue 2018: $545,204Expenses 2018: $552,578Net Income 2018: -$7,3742018Revenue 2019: $300,558Expenses 2019: $298,025Net Income 2019: $2,5332019Revenue 2020: $75,000Expenses 2020: $62,747Net Income 2020: $12,2532020Revenue 2021: $9,984Expenses 2021: $24,846Net Income 2021: -$14,8622021

Highlighted filing

2015

Revenue$556,524
Expenses$534,853
Net Income$21,671
Jump To
Filing Snapshot
Filing Period
Apr 15, 2015 to Dec 31, 2015
Signed
Apr 26, 2016
Return Version
2015v2.1
Gross Receipts
$556,524
Mission and Program Overview

Mission

To promote power boat racing.

To promote power boat racing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$41,974-
Land, Buildings, and Equipment, Net-$6,833-
Total Assets$0$48,807▲ $48,807
Liabilities
Deferred Revenue-$15,000-
Accounts Payable and Accrued Expenses-$12,136-
Total Liabilities$0$27,136▲ $27,136
Net Assets / Fund Balance
Unrestricted Net Assets-$21,671-
Total Net Assets Fund Balance$0$21,671▲ $21,671
Total Liabilities and Net Assets / Fund Balance$0$48,807▲ $48,807

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,833-$6,833
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark WeberPresidentFT$74,423$74,423
Revenue and Support

Revenue Composition

Contributions and Grants
$11,825
Program Service Revenue
$544,699
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,175
Change in Net Assets
$21,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$437,316
Salaries, Compensation, and Employee Benefits$97,537
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,000$44,423-$74,423
Advertising$27,064--$27,064
Insurance$16,831$6,127-$22,958
Other Salaries and Wages-$15,513-$15,513
Office Expenses-$8,590-$8,590
Payroll Taxes-$5,423-$5,423
Fees for Services Accounting-$4,710-$4,710
Information Technology-$4,096-$4,096
Comp Disqual Persons-$2,178-$2,178
Occupancy-$2,004-$2,004
Travel-$1,417-$1,417
Conferences and Meetings-$928-$928
Other Expenses$362,503$504-$504
Total Functional Expenses$436,398$98,455$0$534,853
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Board reviews form 990 prior to filing

Governing documents etc available to public Part VI line 19

Documents available on request

Filing and Contact Details

Filer

Filer Name
Detroit Riverfront Events Inc
EIN
47-3723583
Address
P O BOX 71, WASHINGTON, MI 48094

Signing Officer

Name
Mark Weber
Title
President
Phone
3133298047
Signed
2016-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Weber
Formed
2015
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
150

Preparer

Firm
Countryside CPA Services Pllc
Address
415 CLINTON AVE, Saint Clair, MI 48079
Preparer
Kathy Nemer-kaiser
Phone
8103261651
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)4 • $500k-$1M nonprofits