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Detriot Economic Growth Association

Public charityFed auditsIRS 990

Community Development · DETROIT, MI · EIN 38-2433720

Overview Money In Money Out People Connected Orgs Audits Positions Interview Endorsements

About

Promotion of activities to SPUR economic growth and revitalization in the city of detroit

Donations are tax-deductible

Financial Snapshot

FY ending 2024-06-30

Revenue

$6.6M

Expenses

$8.1M

Assets

$7.0M

Liabilities

$2.4M

Financial history

$8.1M$4.0M$0

161718192021222324

RevenueExpenses

Latest FY2024: $6.6M · Avg: $5.0M

Political & Grant Activity

Campaign Spending

—

Lobbying

—

Grants Given

$431K

DETRIOT ECONOMIC GROWTH ASSOCIATION

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Address

150 W Jefferson AVE STE 1700

Detroit, MI, 48226-447

Governance

Voting board members31

Independent members30

Conflict-of-interest policyYes

Whistleblower policyNo

Doc-retention policyYes

Audit committeeYes

990 reviewed by boardYes

Compensation practices

Severance paymentsNo

Equity-based compNo

Supplemental retirement planNo

Initial contract exceptionNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes

Gross fundraising receipts$1.5M

Net to org$1.4M

Retained by contractors$102K

ChannelsMail · Email · In-person

Public records

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