Civic Intelligence

Rocket Giving Fund

990 • Fiscal year 2020 • EIN 83-0873868

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

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

95th percentile

1.14x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.57x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

51st percentile

4.7%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

98th percentile

310%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-49%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$3,947,099

Up $2,983,380 (+310%) from 2019

Net Assets

Up

-$564,019

Up $218,359 (+28%) from 2019

Liabilities

Up

$4,511,118

Up $2,765,021 (+158%) from 2019

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin51st percentile

Revenue

Down

$7,910,910

Down $7,750,842 (-49%) from 2019

Expenses

Down

$7,539,545

Down $7,049,043 (-48%) from 2019

Net Income

Down

$371,365

Down $701,799 (-65%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2020

Assets$3,947,099
Liabilities$4,511,118
Net Assets-$564,019
Open 2020 Filing

Operations Trend

Revenue Growth7th percentile

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

2020

Revenue$7,910,910
Expenses$7,539,545
Net Income$371,365
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$7,910,910
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$651,862$3,227,529▲ $2,575,667
Prepaid Expenses and Deferred Charges$187,270$259,251▲ $71,981
Pledges and Grants Receivable$0$250,365▲ $250,365
Accounts Receivable$124,587$209,954▲ $85,367
Total Assets$963,719$3,947,099▲ $2,983,380
Liabilities
Accounts Payable and Accrued Expenses$598,079$2,344,157▲ $1,746,078
Deferred Revenue$1,148,018$2,166,961▲ $1,018,943
Total Liabilities$1,746,097$4,511,118▲ $2,765,021
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-782,378$-564,019▲ $218,359
Total Net Assets Fund Balance$-782,378$-564,019▲ $218,359
Total Liabilities and Net Assets / Fund Balance$963,719$3,947,099▲ $2,983,380
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Intersport INCMarketing303 E WACKER SUITE 2200, Chicago, IL 60601$434,616
Global Golf Management INCEvent Management4237 N DAMEN AVENUE, Chicago, IL 60601$142,188
Revenue and Support

Revenue Composition

Contributions and Grants
$5,550,172
Program Service Revenue
$2,360,738
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,550,172
Change in Net Assets
$371,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,910,910
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$494,227
Total Revenue per Audited Statements
$8,405,137
Total Revenue per Form 990
$7,910,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,906,950
Grants and Similar Amounts Paid$2,632,595
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,632,595--$2,632,595
Fees for Services Management$204,422$306,634-$511,056
Occupancy$200,000$80,540-$280,540
Fees for Services Other$128,198$27,625-$155,823
Advertising-$143,523-$143,523
Other Expenses$80,028--$80,028
Office Expenses$52,365$14,403-$66,768
Travel$7,920--$7,920
Insurance-$3,865-$3,865
Fees for Services Legal-$1,627-$1,627
Total Functional Expenses$6,961,328$578,217$0$7,539,545

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,033,772
Expenses per Audited Statements$7,539,545
Total Expenses per Form 990$7,539,545
Expenses Not Reported on Form 990$494,227
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of Southeastern MichiganDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$2,100,000
CHILDREN'S FOUNDATIONDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$344,575
People for Palmer ParkDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$150,000
First Tee of Greater DetroitDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$11,875
University of Detroit MercyDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$10,000
Blessings in a BackpackLouisville, KY501(c)(3)To Support the Organizations Mission and the Detroit Community$5,000
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, angelo vitale, and trina scott.”

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
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Farner
Formed
2018
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
361

Preparer

Firm
Plante & Moran Pllc
Address
2601 CAMBRIDGE CT STE 500, AUBURN HILLS, MI 48326
Preparer
Dori J Eggett
Phone
2483757100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adjustment to beginning net assets for asc 606 implementation -153,006.”

Raw XML AppendixShowing 400 of 521 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER - PART YEAR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt02632595
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02632595
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02632595
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07910910
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03865
IRS990/InsuranceGrp/TotalAmt03865
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt021
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/NetAssetsOrFundBalancesBOYAmt0-782378
IRS990/NetAssetsOrFundBalancesEOYAmt0-564019
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-782378
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-564019
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt080540
IRS990/OccupancyGrp/ProgramServicesAmt0200000
IRS990/OccupancyGrp/TotalAmt0280540
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014403
IRS990/OfficeExpensesGrp/ProgramServicesAmt052365
IRS990/OfficeExpensesGrp/TotalAmt066768
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-153006
IRS990/OtherExpensesGrp/Desc0OTHER OPERATIONS
IRS990/OtherExpensesGrp/Desc1TENTS
IRS990/OtherExpensesGrp/Desc2FOOD & BEVERAGES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt02846721
IRS990/OtherExpensesGrp/ProgramServicesAmt1467588
IRS990/OtherExpensesGrp/ProgramServicesAmt2341491
IRS990/OtherExpensesGrp/ProgramServicesAmt380028
IRS990/OtherExpensesGrp/TotalAmt02846721
IRS990/OtherExpensesGrp/TotalAmt1467588
IRS990/OtherExpensesGrp/TotalAmt2341491
IRS990/OtherExpensesGrp/TotalAmt380028
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0250365
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0187270
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0259251
IRS990/PrincipalOfficerNm0JAY FARNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0ROCKET MORTGAGE CLASSI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02360738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02360738
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0167179
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01222024
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt013366564
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt015494573
IRS990/PYRevenuesLessExpensesAmt01073164
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt014588588
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015661752
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0371365
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02360738
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt05204725
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt05204725
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ROCKET GIVING FUND WAS FORMED IN JUNE OF 2018
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PAGE 3
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05550172
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0167179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05717351
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02360738
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt015494573
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt017855311
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt016543536
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt06178889
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0850237
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt07029126
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0974164
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0850237
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01824401
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07910910
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt015661752
IRS990ScheduleA/Total509Grp/TotalAmt023572662
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07910910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt015661752
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt023572662
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/DonatedServicesAndUseFcltsAmt0494227
IRS990ScheduleD/DonatedServicesUseFcltsAmt0494227
IRS990ScheduleD/ExpensesNotReportedAmt0494227
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07539545
IRS990ScheduleD/RevenueNotReportedAmt0494227
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07910910
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt07539545
IRS990ScheduleD/TotalRevenuePerForm990Amt07910910
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08405137
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08033772
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0150000
IRS990ScheduleI/RecipientTable/CashGrantAmt111875
IRS990ScheduleI/RecipientTable/CashGrantAmt25000
IRS990ScheduleI/RecipientTable/CashGrantAmt32100000
IRS990ScheduleI/RecipientTable/CashGrantAmt4344575
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
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/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc2N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc3N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc4N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc5N/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/RecipientBusinessName/BusinessNameLine1Txt0PEOPLE FOR PALMER PARK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FIRST TEE OF GREATER DETROIT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BLESSINGS IN A BACKPACK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3UNITED WAY OF SOUTHEASTERN MICHIGAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CHILDREN'S FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5UNIVERSITY OF DETROIT MERCY
IRS990ScheduleI/RecipientTable/RecipientEIN0274528966
IRS990ScheduleI/RecipientTable/RecipientEIN1463655916
IRS990ScheduleI/RecipientTable/RecipientEIN2261964620
IRS990ScheduleI/RecipientTable/RecipientEIN3203099071
IRS990ScheduleI/RecipientTable/RecipientEIN4320087353
IRS990ScheduleI/RecipientTable/RecipientEIN5381360586
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 43735
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13011 W GRAND BLVD SUITE 218
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt24121 SHELBYVILLE RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt33011 W GRAND BLVD 500
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt43011 W GRAND BLVD 218
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt54001 W MCNICHOLS RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LOUISVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm4DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm5DETROIT

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,947,099
Liabilities
$4,511,118
Net assets
-$564,019
Revenue
$7,910,910
Expenses
$7,539,545
Net income
$371,365
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