Civic Intelligence

The Detroit Equity Report Inc

EIN 84-2506463 • 501(c)3 • Detroit, MI

RevokedPub. 78 Eligible

Profile

To promote equality and inclusion in society.

Revocation date: May 15, 2024

7375 Woodward Avenue Suite 2000Detroit, MI 48202
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

98th percentile

99%

Higher net margin than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Annualized from 2019 to 2020

Revenue Growth

98th percentile

531%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$10,008

Up $10,008 from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Up

$10,008

Up $10,008 from 2019

Operations
Liabilities / Revenue62nd percentileNet Margin98th percentile

Revenue

Up

$10,100

Up $8,500 (+531%) from 2019

Expenses

Down

$92

Down $1,508 (-94%) from 2019

Net Income

Up

$10,008

Up $10,008 from 2019

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15K$10K$5.0K$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $10,008Liabilities 2020: $0Net Assets 2020: $10,0082020

Highlighted filing

2020

Assets$10,008
Liabilities$0
Net Assets$10,008
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

$15K$10K$5.0K$0Revenue 2019: $1,600Expenses 2019: $1,600Net Income 2019: $02019Revenue 2020: $10,100Expenses 2020: $92Net Income 2020: $10,0082020

Highlighted filing

2020

Revenue$10,100
Expenses$92
Net Income$10,008
Open 2020 Filing

Filings

Most recent year

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

Open filing
Assets
$10,008
Liabilities
$0
Net assets
$10,008
Revenue
$10,100
Expenses
$92
Net income
$10,008
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$10.0$0.00$10.0$10.1$0.09$10.0
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.60$1.60$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 21, 2022
Return Version
2020v4.1
Gross Receipts
$10,100
Mission and Program Overview

Mission

To promote equality and inclusion in society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$10,008-
Total Assets$0$10,008▲ $10,008
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$10,008-
Total Net Assets Fund Balance$0$10,008▲ $10,008
Total Liabilities and Net Assets / Fund Balance$0$10,008▲ $10,008
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Bertram L MarksChief Legal Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,100
Change in Net Assets
$10,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92
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-$92-$92
Total Functional Expenses$0$92$0$92
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
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
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

Governance Explanations

Form 990 governing body review Part VI line 11

“The report was presented to the Board for review and approval prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“The Board has a conflict of interest policy and procedure inplace to guide its operation and relationship of the directors.”

CEO executive director top management comp Part VI line 15A

“Compensation policy has been establish to guide the board in approving compensation for its executive and board members as the case may be.”

Other officer or key employee compensation Part VI line 15B

“Compensation policy also covers the key employees and officer of the corporation.”

Governing documents etc available to public Part VI line 19

“Governing documents are available at the registered office of the corporation and are made available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
The Detroit Equity Report Inc
EIN
84-2506463
Address
7375 Woodward Avenue Suite 2000, Detroit, MI 48202

Signing Officer

Name
Bertram Marks Attorney
Title
Chief Legal COU
Phone
2487374444
Signed
2022-04-21
Discuss with paid preparer
No

Organization Details

Formed
2019
Legal Domicile
Mi
Voting Board Members
2
Independent Board Members
1
Employees
0

Preparer

Firm
Rite Tax Services LLC
Address
24655 Southfield Road Ste 100, Southfield, MI 48075
Preparer
Nicholas Sadiq
Phone
2489969106
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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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