Civic Intelligence

Rocket Giving Fund

990 • Fiscal year 2019 • EIN 83-0873868

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

Organization ProfilePGATOUR.COM/TOURNAMENTS/ROCKET-MORTGAGE-CLASSIC
1050 Woodward AvenueDetroit, MI 48226

(313) 782-9500

Siviq Scores

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

Liabilities / Assets

99th percentile

1.81x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

33rd percentile

0.11x

Higher debt load relative to revenue than 33% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

61st percentile

6.9%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

93rd percentile

47%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

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

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$963,719

Up $308,876 (+47%) from 2018

Net Assets

Up

-$782,378

Up $1,073,164 (+58%) from 2018

Liabilities

Down

$1,746,097

Down $764,288 (-30%) from 2018

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin61st percentile

Revenue

Up

$15,661,752

Up $15,661,752 from 2018

Expenses

Up

$14,588,588

Up $12,733,046 (+686%) from 2018

Net Income

Up

$1,073,164

Up $2,928,706 (+158%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2018: $654,843Liabilities 2018: $2,510,385Net Assets 2018: -$1,855,5422018Assets 2019: $963,719Liabilities 2019: $1,746,097Net Assets 2019: -$782,3782019Assets 2020: $3,947,099Liabilities 2020: $4,511,118Net Assets 2020: -$564,0192020Assets 2021: $2,590,205Liabilities 2021: $3,779,964Net Assets 2021: -$1,189,7592021Assets 2022: $5,751,041Liabilities 2022: $5,440,025Net Assets 2022: $311,0162022Assets 2023: $3,083,441Liabilities 2023: $4,178,649Net Assets 2023: -$1,095,2082023Assets 2024: $2,875,798Liabilities 2024: $3,703,219Net Assets 2024: -$827,4212024

Highlighted filing

2019

Assets$963,719
Liabilities$1,746,097
Net Assets-$782,378
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2018: $0Expenses 2018: $1,855,542Net Income 2018: -$1,855,5422018Revenue 2019: $15,661,752Expenses 2019: $14,588,588Net Income 2019: $1,073,1642019Revenue 2020: $7,910,910Expenses 2020: $7,539,545Net Income 2020: $371,3652020Revenue 2021: $13,264,068Expenses 2021: $13,809,808Net Income 2021: -$545,7402021Revenue 2022: $14,851,439Expenses 2022: $13,350,664Net Income 2022: $1,500,7752022Revenue 2023: $13,343,306Expenses 2023: $14,749,530Net Income 2023: -$1,406,2242023Revenue 2024: $12,725,111Expenses 2024: $12,457,324Net Income 2024: $267,7872024

Highlighted filing

2019

Revenue$15,661,752
Expenses$14,588,588
Net Income$1,073,164
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$15,661,752
Mission and Program Overview

Mission

The rocket giving fund's mission is to host a world-class pga tour event while simultaneously benefiting the detroit community. The organization's primary fundraising activity is the rocket classic, detroit's annual pga tour event. The net proceeds realized by the event and other such activities and events will go back to the detroit community through investments related to bridging the digital divide across the city of detroit, and supporting the local community. The rocket giving fund is a 501c3 organization.

The corporation's principal objective is to support the detroit community and promote the improvement and quality of life for the people of detroit, michigan community and to promote the image of detroit throughout the country through the facilitation of community wide sporting events including, initially, a pga tour event. The intent is to augment other community-wide events which now include america's thanksgiving parade, the ford fireworks, the detroit jazz festival, the movement electronic music festival, mopop detroit music festival, and detroit moves mobility technology showcase and as part of an effort to bring other prominent public events to the city. Through support of arts and culture and community events, the corporation intends to transform and activate public spaces, strengthen neighborhoods and develop a vibrant urban core in the city of detroit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$652,343$651,862▼ $481
Prepaid Expenses and Deferred Charges$2,500$187,270▲ $184,770
Accounts Receivable-$124,587-
Total Assets$654,843$963,719▲ $308,876
Liabilities
Deferred Revenue$964,168$1,148,018▲ $183,850
Accounts Payable and Accrued Expenses$1,546,217$598,079▼ $948,138
Total Liabilities$2,510,385$1,746,097▼ $764,288
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,855,542$-782,378▲ $1,073,164
Total Net Assets Fund Balance$-1,855,542$-782,378▲ $1,073,164
Total Liabilities and Net Assets / Fund Balance$654,843$963,719▲ $308,876
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Jay FarnerPresident
Alexis WileyMember
Angelo VitaleMember
Jason LangwellMember
Jason TinsleyMember
Larry AlexanderMember
Laura GrannemannMember
Marvin BeattyMember
Mike TriricoMember
Trina ScottMember
William EmersonMember
Howard LuckoffMember - Part Year
Steve OgdenSecretary
Julie BoothTreasurer
Matt RizikVice Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Intersport INCMarketing303 E WACKER SUITE 2200, Chicago, IL 60601$415,404
Global Golf Management INCEvent Management4237 N DAMEN AVENUE, Chicago, IL 60601$163,750
Revenue and Support

Revenue Composition

Contributions and Grants
$167,179
Program Service Revenue
$15,494,573
Investment Income
$0
Other Revenue
$0
All Other Contributions
$167,179
Change in Net Assets
$1,073,164

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,661,752
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$696,526
Total Revenue per Audited Statements
$16,358,278
Total Revenue per Form 990
$15,661,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,366,564
Grants and Similar Amounts Paid$1,222,024
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$1,415,826-$1,415,826
Grants to Domestic Orgs$1,222,024--$1,222,024
Other Expenses$756,963$32,064-$756,963
Fees for Services Management$102,182$398,374-$500,556
Occupancy$372,500$71,255-$443,755
Fees for Services Other$253,936$44,803-$298,739
Office Expenses$35,620$44,787-$80,407
Travel$26,746$6,686-$33,432
Fees for Services Legal-$7,750-$7,750
Insurance-$4,053-$4,053
Total Functional Expenses$12,540,848$2,047,740$0$14,588,588

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,285,114
Expenses per Audited Statements$14,588,588
Total Expenses per Form 990$14,588,588
Expenses Not Reported on Form 990$696,526
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Midnight GolfDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$225,000
DETROIT CHILDREN'S FUNDDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$210,000
First Tee of Greater DetroitDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$186,977
People for Palmer ParkDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$150,000
Detroit Golf Club Caddie Scholarship FoundationTroy, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$142,460
Rickie Fowler FoundationPurcellville, VA501(c)(3)To Support the Organizations Mission and the Detroit Community$100,000
Detroit Police Athletic LeagueDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$92,340
Golf My Future My GameWashington, DC501(c)(3)To Support the Organizations Mission and the Detroit Community$40,000
Detroit Riverfront ConservancyDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$10,000
Pga TourPonte Vedra Beach, FL501(c)(3)To Support the Organizations Mission and the Detroit Community$10,000
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Several board members have a business relationship: jay farner, william emerson, julie booth, matt rizik, steve ogden, laura grannemann, howard luckoff.”

Form 990, Part VI, Section B, Line 11B

“Before filing the 990 is reviewed by management company and then presented to finance committee for review and approval.”

Form 990, Part VI, Section B, Line 12C

“A conflict of interest form is completed annually and monitored for compliance by administration and the chairman of the baord. When a conflict exists, the board member with the conflict is allowed to discuss the matter at hand, but is not allowed to vote on any conflicted item.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Rocket Giving Fund
EIN
83-0873868
Phone
3137829500
Address
1050 WOODWARD AVENUE, DETROIT, MI 48226

Signing Officer

Name
Julie Booth
Title
Treasurer/director
Phone
3137829500
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Farner
Formed
2018
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
2,047

Preparer

Firm
Plante & Moran Pllc
Address
2601 CAMBRIDGE CT STE 500, AUBURN HILLS, MI 48326
Preparer
Lynne M Huismann
Phone
2483757100
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IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER - PART YEAR
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt01222024
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01222024
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01222024
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt015661752
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04053
IRS990/InsuranceGrp/TotalAmt04053
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ROCKET GIVING FUND'S MISSION IS TO HOST A WORLD-CLASS PGA TOUR EVENT WHILE SIMULTANEOUSLY BENEFITING THE DETROIT COMMUNITY. THE ORGANIZATION'S PRIMARY FUNDRAISING ACTIVITY IS THE ROCKET MORTGAGE CLASSIC, DETROIT'S ANNUAL PGA TOUR EVENT. THE NET PROCEEDS REALIZED BY THE EVENT AND OTHER SUCH ACTIVITIES AND EVENTS WILL GO BACK TO THE DETROIT COMMUNITY THROUGH INVESTMENTS RELATED TO VETERANS AND THEIR FAMILIES, EDUCATION AND OPPORTUNITIES FOR LEARNING, AND NEIGHBORHOOD ENHANCEMENT. WHERE POSSIBLE, THE ORGANIZATION WILL WORK IN PARTNERSHIP WITH OTHER CHARITABLE ORGANIZATIONS TO MAXIMIZE COMMUNITY IMPACT. THE ROCKET GIVING FUND IS A 501C3 ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1855542
IRS990/NetAssetsOrFundBalancesEOYAmt0-782378
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1855542
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-782378
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt071255
IRS990/OccupancyGrp/ProgramServicesAmt0372500
IRS990/OccupancyGrp/TotalAmt0443755
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt044787
IRS990/OfficeExpensesGrp/ProgramServicesAmt035620
IRS990/OfficeExpensesGrp/TotalAmt080407
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER OPERATIONS
IRS990/OtherExpensesGrp/Desc1TENTS
IRS990/OtherExpensesGrp/Desc2FOOD & BEVERAGES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022142
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt132064
IRS990/OtherExpensesGrp/ProgramServicesAmt06334104
IRS990/OtherExpensesGrp/ProgramServicesAmt12012542
IRS990/OtherExpensesGrp/ProgramServicesAmt21424231
IRS990/OtherExpensesGrp/ProgramServicesAmt3756963
IRS990/OtherExpensesGrp/TotalAmt06356246
IRS990/OtherExpensesGrp/TotalAmt12012542
IRS990/OtherExpensesGrp/TotalAmt21456295
IRS990/OtherExpensesGrp/TotalAmt3756963
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0187270
IRS990/PrincipalOfficerNm0JAY FARNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0ROCKET MORTGAGE CLASSIC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015494573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015494573
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01855542
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1855542
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01855542
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01073164
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015494573
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ROCKET GIVING FUND WAS FORMED IN JUNE OF 2018
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PAGE 3
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0167179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0167179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt015494573
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015494573
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt014811515
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0850237
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0850237
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0850237
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0850237
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt015661752
IRS990ScheduleA/Total509Grp/TotalAmt015661752
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt015661752
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015661752
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0696526
IRS990ScheduleD/DonatedServicesUseFcltsAmt0696526
IRS990ScheduleD/ExpensesNotReportedAmt0696526
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014588588
IRS990ScheduleD/RevenueNotReportedAmt0696526
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015661752
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt014588588
IRS990ScheduleD/TotalRevenuePerForm990Amt015661752
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016358278
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015285114
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0225000
IRS990ScheduleI/RecipientTable/CashGrantAmt1210000
IRS990ScheduleI/RecipientTable/CashGrantAmt2150000
IRS990ScheduleI/RecipientTable/CashGrantAmt3186977
IRS990ScheduleI/RecipientTable/CashGrantAmt4100000
IRS990ScheduleI/RecipientTable/CashGrantAmt592340
IRS990ScheduleI/RecipientTable/CashGrantAmt6142460
IRS990ScheduleI/RecipientTable/CashGrantAmt740000
IRS990ScheduleI/RecipientTable/CashGrantAmt810000
IRS990ScheduleI/RecipientTable/CashGrantAmt910000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt013000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1TOURNAMENT PASSES AND PRO-AM SPOT
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc2N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc3N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc4N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc5N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc6N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc7N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc8N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc9N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MIDNIGHT GOLF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DETROIT CHILDREN'S FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2PEOPLE FOR PALMER PARK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3FIRST TEE OF GREATER DETROIT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4RICKIE FOWLER FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5DETROIT POLICE ATHLETIC LEAGUE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6DETROIT GOLF CLUB CADDIE SCHOLARSHIP FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7GOLF MY FUTURE MY GAME
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8PGA TOUR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9DETROIT RIVERFRONT CONSERVANCY

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$963,719
Liabilities
$1,746,097
Net assets
-$782,378
Revenue
$15,661,752
Expenses
$14,588,588
Net income
$1,073,164
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.88$3.70$0.83$12.7$12.5$0.27
2023Detailed filing. Detailed filing data is available for this year.$3.08$4.18$1.10$13.3$14.7$1.41
2022Detailed filing. Detailed filing data is available for this year.$5.75$5.44$0.31$14.9$13.4$1.50
2021Detailed filing. Detailed filing data is available for this year.$2.59$3.78$1.19$13.3$13.8$0.55
2020Detailed filing. Detailed filing data is available for this year.$3.95$4.51$0.56$7.91$7.54$0.37
2019Detailed filing. Detailed filing data is available for this year.$0.96$1.75$0.78$15.7$14.6$1.07
2018Detailed filing. Detailed filing data is available for this year.$0.65$2.51$1.86$0.00$1.86$1.86