Michigans Thanksgiving Parade
- Assets
- $8.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 34
- Location
- Detroit, MI
- Founding
- 08/1983
- Data as of
- 01/2024
- EIN
- 38-2460378
Organization Overview
Michigans Thanksgiving Parade is located in Detroit, MI. The organization was established in 1983. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2024, Michigans Thanksgiving Parade employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigans Thanksgiving Parade is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Michigans Thanksgiving Parade generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.9m during the year ending 01/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE AND BRING PEOPLE FROM ALL WALKS OF LIFE TOGETHER TO CELEBRATE THE TRADITION AND CREATE A MEMORY FOR THEIR LIFETIMES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICA'S THANKSGIVING PARADE BRINGS A SPARK OF MAGIC AND PEOPLE FROM ALL WALKS OF LIFE TOGETHER TO ENJOY ONE OF DETROIT'S LARGEST AND FREE EVENTS WHERE, FOR ONE SPECIAL MOMENT, FAMILIES CAN BE ENTERTAINED, SHARE A TRADITION, AND CREATE A MEMORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Riney Chair | OfficerTrustee | 1 | $0 |
Daniel J Loepp Vice-Chair | OfficerTrustee | 1 | $0 |
Matthew J Howell Treasurer | OfficerTrustee | 1 | $0 |
Rod Alberts Director | Trustee | 1 | $0 |
Van Conway Director | Trustee | 1 | $0 |
Matthew P Cullen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $583,244 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,049,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,632,729 |
| Total Program Service Revenue | $0 |
| Investment income | $165,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,798,543 |
| 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. | $1,084,666 |
| Compensation of current officers, directors, key employees. | $542,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $902,797 |
| Pension plan accruals and contributions | $545,242 |
| Other employee benefits | $242,184 |
| Payroll taxes | $122,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,897,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,230,495 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $432,530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,663,025 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,663,025 |
| 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 | $8,663,025 |