EIN 23-7310753

Accounting Aid Society

IRS 501(c) type
501(c)(3)
Num. employees
67
Year formed
1972
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Accounting Aid Society helps low and middle-income households in Detroit and Southeastern Michigan with free tax prep, small business support, and financial coaching.
Total revenues
$3,732,450
2023
Total expenses
$3,712,260
2023
Total assets
$3,225,505
2023
Num. employees
67
2023

Program areas at Accounting Aid Society

Accounting Aid Society touches over 22,000 lives annually, with an economic impact of $33.7 million on low and middle-income households. More than 250 volunteers donate over 9,300 hours to helping our clients build a foundation for economic independence. These dollars are diverted directly back to southeast Michigan communities, often paying for basic needs such as food, utilities, transportation, and rent. Accounting Aid Societys services are designed to advance sustainable and equitable growth in Detroit neighborhoods and surrounding communities, to assist in gaining economic self-sufficiency, enabling our clients to prosper and share in the economic fabric of the region.
The Accounting Aid Academy guides micro-entrepreneurs in historically underserved neighborhoods to achieve sustainability and growth in their financial operations. Trained staff provides education and technical services to small business owners on topics that are instrumental in their success, such as tax preparation, record keeping, tracking revenue and expenses, financial statements, accounting software, and other issues identified by clients and staff.

Who funds Accounting Aid Society

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Way for Southeastern MichiganGrant$250,000
Community Foundation for Southeast MichiganGeneral Operations/human Services Program$200,577
AARP FoundationGrant To Support Aarp Foundation's Tax and Credit Program$200,000
...and 18 more grants received totalling $1,369,773

Personnel at Accounting Aid Society

NameTitleCompensation
Priscilla PerkinsPresident and Chief Executive Officer$142,890
Harry Fredrick CookSenior Director of Finance and Administration$92,387
Lashanda DavisBoard Member$0
Jeramey J. LynchChair$0
John AnstettTreasurer$0
...and 4 more key personnel

Financials for Accounting Aid Society

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,556,927
Program services$182,920
Investment income and dividends$4,577
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-11,974
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,732,450

Form 990s for Accounting Aid Society

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
2020-062021-04-06990View PDF
2019-062021-01-27990View PDF
...and 8 more Form 990s
Data update history
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 10, 2024
Received grants
Identified 10 new grant, including a grant for $200,577 from Community Foundation for Southeast Michigan
October 26, 2023
Received grants
Identified 3 new grant, including a grant for $160,000 from Ford Motor Company Fund
September 18, 2023
Updated personnel
Identified 2 new personnel
August 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Community improvement
Characteristics
Fundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringGala fundraisersTax deductible donationsAccepts online donations
General information
Address
3031 W Grand Blvd Suite 470
Detroit, MI 48202
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
accountingaidsociety.org/ 
Phone
(313) 556-1920
IRS details
EIN
23-7310753
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1972
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S50: Nonprofit Management
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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