Detroit Athletic Club
- Assets
- $67.8m
- Revenue
- $40.9m
- Investments
- $0.0
- Employees
- 663
- Location
- Detroit, MI
- Founding
- 05/1934
- Data as of
- 12/2022
- EIN
- 38-0477160
Organization Overview
Detroit Athletic Club is located in Detroit, MI. The organization was established in 1934. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Detroit Athletic Club employed 663 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Detroit Athletic Club generated $40.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $36.9m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A DISTINGUISHED PRIVATE CLUB PRESERVING AND CELEBRATING HUMANITY. THE MOST SOUGHT AFTER EXPERIENCE IN DETROIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PLEASURE, RECREATION, AND SOCIAL OPPORTUNITIES FOR THE APPROXIMATELY 5,100 MEMBERS OF THE DETROIT ATHLETIC CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Devine President | OfficerTrustee | 1 | $0 |
Vito P Gioia II 1st Vice President | OfficerTrustee | 1 | $0 |
Derron M Sanders 2nd Vice President | OfficerTrustee | 1 | $0 |
Lorna Utley Secretary | OfficerTrustee | 1 | $0 |
David T Provost Treasurer | OfficerTrustee | 1 | $0 |
David W Fisher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emerald City Designs Event Decorations | 12/30/22 | $426,921 |
Avl - Creative Llc Audio Visual | 12/30/22 | $371,431 |
T Stream Software It Contractor | 12/30/22 | $118,573 |
Building Arts & Conservation Engineering Contractor | 12/30/22 | $100,900 |
Capo Design Group Pllc Engineering Contractor | 12/30/22 | $100,838 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,167,545 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,242 |
| Net Gain/Loss on Asset Sales | -$256,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,603,257 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,915,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,035,240 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,899,197 |
| Pension plan accruals and contributions | $360,754 |
| Other employee benefits | $3,071,368 |
| Payroll taxes | $1,896,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $313,034 |
| Fees for services: Accounting | $63,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $463,180 |
| Advertising and promotion | $6,326 |
| Office expenses | $3,779,701 |
| Information technology | $696,422 |
| Royalties | $0 |
| Occupancy | $2,639,982 |
| Travel | $473,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,995,866 |
| Insurance | $0 |
| All other expenses | $359,798 |
| Total functional expenses | $36,876,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,125,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,594,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,097,757 |
| Prepaid expenses and deferred charges | $1,852,922 |
| Net Land, buildings, and equipment | $59,987,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,078 |
| Total assets | $67,757,018 |
| Accounts payable and accrued expenses | $3,853,306 |
| Grants payable | $0 |
| Deferred revenue | $4,098,192 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,345,508 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $871,663 |
| Total liabilities | $15,168,669 |
| Net assets without donor restrictions | $52,588,349 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $67,757,018 |