New Center Foundation
- Assets
- $4.0m
- Revenue
- -$18.8k
- Investments
- $1.0k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/1982
- Data as of
- 12/2021
- EIN
- 38-2271575
Organization Overview
New Center Foundation, operating under the name New Center Council Inc, is located in Detroit, MI. The organization was established in 1982. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Center Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW CENTER COUNCIL (NCC) IS A NONPROFIT PLANNING AND DEVELOPMENT ORGANIZATION THAT SUPPORTS THE PHYSICAL MAINTENANCE AND REVITALIZATION OF MIDTOWN DETROIT, WHILE WORKING TO ENHANCE PUBLIC AWARENESS, APPRECIATION AND USE OF THE DISTRICT. FOUNDED IN 1967, THE ORGANIZATION HAS BEEN WORKING TO ENCOURAGE NEW HOUSING DEVELOPMENT, INCREASED VISITORSHIP TO AREA ATTRACTIONS, AND NEW COMMERCIAL ACTIVITY WITHIN THE NEIGHBORHOOD.
Describe the Organization's Program Activity:
REAL ESTATE DEVELOPMENT, SMALL BUSINESS DEVELOPMENT, AND MAINTENANCE/BEAUTIFICATION PROJECTS DIRECTED AT INCREASING HOUSING OPPORTUNITIES IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan T Mosey Executive Director | OfficerTrustee | 20 | $0 |
David Massaron Chairperson | OfficerTrustee | 1 | $0 |
Anne Beck Vice Chairperson | OfficerTrustee | 1 | $0 |
George Stewart Treasurer | OfficerTrustee | 1 | $0 |
Marcia Ventura Secretary | OfficerTrustee | 1 | $0 |
Cari Easterday CFO | Officer | 1 | $0 |
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 | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$18,789 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$18,788 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,873 |
| Insurance | $0 |
| All other expenses | $37 |
| Total functional expenses | $203,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,096 |
| Savings and temporary cash investments | $927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,519,561 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,028 |
| Net Land, buildings, and equipment | $1,711,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $711,372 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,951,573 |
| Accounts payable and accrued expenses | $237,121 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $909,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $858 |
| Total liabilities | $1,147,523 |
| Net assets without donor restrictions | $2,804,050 |
| 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 | $3,951,573 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Center Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Trinity Health-Michigan Livonia, MI PURPOSE: COMMUNITY SUPPORT | $50,000 |
Trinity Health-Michigan Livonia, MI PURPOSE: COMMUNITY SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lesea Global Feed The Hungry Inc South Bend, IN | $8,955,303 | $44,845,049 |
The Glen At St Joseph Dayton, OH | $19,520,405 | $4,747,418 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Jerry And Laura Jacobson Foundation Inc Sugarcreek, OH | $0 | $911,608 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Saga Foundation Kalamazoo, MI | $17,766,736 | $2,178,963 |
Issachar Fund Grand Rapids, MI | $35,287,107 | $1,992,611 |
Charley Creek Foundation Inc Wabash, IN | $33,142,030 | $2,206,406 |
Lucy R Buechner Corp Youngstown, OH | $25,806,866 | $1,668,625 |
Here To Help Foundation Royal Oak, MI | $4,136,614 | $1,604,288 |
Stephen A Comunale Jr Charitable Foundation Akron, OH | $4,553,642 | $1,944,258 |
Daniel J Kobasic Foundation Escanaba, MI | $20,407,296 | $7,855,085 |