Civic Intelligence

Iheart Realty Foundation Inc

EIN 82-3760798 • 501(c)3 • Detroit, MI

Profile

To provide relief for the poor and lessen the burdens of government through its charitable programs that will educate revitalize and improve the lives of economically disadvantaged individuals

1323 BroadwayDetroit, MI 48226

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

93rd percentile

61%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Revenue Growth

61st percentile

14%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$0

Flat from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Flat

$0

Flat from 2020

Operations
Liabilities / Revenue34th percentileNet Margin93rd percentile

Revenue

Up

$521,558

Up $65,658 (+14%) from 2020

Expenses

Down

$202,435

Down $25,844 (-11%) from 2020

Net Income

Up

$319,123

Up $91,502 (+40%) from 2020

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$0Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2020: $455,900Expenses 2020: $228,279Net Income 2020: $227,6212020Revenue 2021: $521,558Expenses 2021: $202,435Net Income 2021: $319,1232021

Highlighted filing

2021

Revenue$521,558
Expenses$202,435
Net Income$319,123
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$521,558
Expenses
$202,435
Net income
$319,123
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$5.22$2.02$3.19
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.56$2.28$2.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$521,558
Mission and Program Overview

Mission

To provide relief for the poor and lessen the burdens of government through its charitable programs that will educate revitalize and improve the lives of economically disadvantaged individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
JuaninaBriscoe
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$521,558
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$319,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,435
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$202,435$0$0$202,435
Total Functional Expenses$202,435$0$0$202,435
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Iheart Realty Foundation Inc
EIN
82-3760798
Phone
2486362222
Address
1323 BROADWAY, DETROIT, MI 48226

Signing Officer

Name
Nina Briscoe
Title
Director
Phone
2486362222
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nina Briscoe
Formed
2018
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
15

Preparer

Firm
Rebeck Tax
Address
20750 Civic Center Drive Suite 180, Southfield, MI 48076
Preparer
Chelsea M Rebeck CPA JD LLM
Phone
2486362222
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Review and discussion by board and voting approval”

Pt VI, Line 15A

“No compensation is given at this time”

Pt VI, Line 12C

“Board reviews policies annually”

Pt VI, Line 15B

“No compensation is given at this time”

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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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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NoListedPersonsCompensatedInd0X
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