EIN 38-2433720

Detroit Economic Growth Association

Name: Detroit Economic Growth Association financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Detroit

State

Michigan

Year formed

1982

Most recent tax filings

2023-06-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

The Detroit Economic Growth Association promotes economic growth and revitalization in Detroit by promoting activities that spur growth. Its mission is to promote economic growth in the city of Detroit.

Related structure

Detroit Economic Growth Association is a subordinate organization under Detroit Economic Growth Corporation.

Total revenues

$4,308,778

2023

Total expenses

$4,371,037

2023

Total assets

$6,721,664

2023

Num. employees

2023

Program areas at Detroit Economic Growth Association

Promotion of activities to spur Economic Growth and revitalization in the city of Detroit

Who funds Detroit Economic Growth Association

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Ralph C Wilson Jr Foundation	2022-12	To Support the Construction of the Joe Louis Greenway and Warren Trailhead.	$1,500,000
Ralph C Wilson Jr Foundation	2022-12	To Support the Detroit Means Business Coalition.	$1,000,000
DTE Energy Foundation	2023-12	Economic Progress	$175,000
...and 3 more grants received

Personnel at Detroit Economic Growth Association

Name	Title	Compensation	Date of data
Jomeca Thomas	Special Advisor To the Chief Executive Officer		2024-10-25
Kevin Johnson	President and Chief Executive Officer	$0	2024-10-25
Glen W. Long, Jr.	Chief Financial Officer and Executive Vice President of Administration		2024-10-25
Derrick Headd	Senior Vice President Public Policy and Operations		2024-10-25
Glen W Long	Chief Financial Officer and Executive Vice President of Administration / Executive Vice President of Administration and C.f.o. / Interim President , Executive Vice President and C.f.o. / C.f.o and Interim President / Interim President / Chief Financial Officer and Vice President of Administration	$0	2023-06-30
...and 35 more key personnel

Financials for Detroit Economic Growth Association

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$4,256,286	$5,562,815	-23.5%
Program services	$16,918	$0	999%
Investment income and dividends	$35,574	$4,229	741.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$4,308,778	$5,567,044	-22.6%

Form 990s for Detroit Economic Growth Association

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-15	990	View PDF
2022-06	2023-04-18	990	View PDF
2021-06	2022-04-22	990	View PDF
2020-06	2021-04-14	990	View PDF
2019-06	2020-09-22	990	View PDF
...and 9 more Form 990s

Organizations like Detroit Economic Growth Association

Organization	Type	Location	Revenue
North Central Massachusetts Development Corporation	501(c)(3)	Fitchburg, MA	$1,614,235
Community Improvement Corporation of Springfield-Clark County	501(c)(3)	Springfield, OH	$1,126,222
Chester County Economic Development Foundation	501(c)(3)	Exton, PA	$2,317,273
Greater Lafayette Commerce Comm and Economic Development Foundation	501(c)(3)	Lafayette, IN	$1,986,864
Destination Medical Center Corporation	501(c)(3)	Rochester, MN	$2,402,541
Pittsburgh Regional Alliance	501(c)(3)	Pittsburgh, PA	$4,604,779
Regional Opportunity Initiatives	501(c)(3)	Bloomington, IN	$1,135,730
Griffiss Local Development Corporation	501(c)(3)	Rome, NY	$6,476,737
Greater New Orleans Development Foundation	501(c)(3)	New Orleans, LA	$2,831,617
Uptown Reinvestment Corporation	501(c)(3)	Flint, MI	$3,251,972

Data update history

December 23, 2024

Received grants

Identified 1 new grant, including a grant for $175,000 from DTE Energy Foundation

October 25, 2024

Updated personnel

Identified 26 new personnel

August 11, 2024

Updated personnel

Identified 1 new personnel

July 16, 2024

Posted financials

Added Form 990 for fiscal year 2023

July 15, 2024

Used new vendors

Identified 1 new vendor, including

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 500 Griswold 2200; Detroit, MI 48226
Metro area: Detroit-Warren-Dearborn, MI
County: Wayne County, MI
Website URL: degc.org/
Phone: (313) 963-2940

IRS details

EIN: 38-2433720
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1982
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Subordinate organization

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Detroit Economic Growth Association

Program areas at Detroit Economic Growth Association

Who funds Detroit Economic Growth Association

Personnel at Detroit Economic Growth Association

Financials for Detroit Economic Growth Association

Form 990s for Detroit Economic Growth Association

Organizations like Detroit Economic Growth Association

Nonprofits

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