Detroit Advertising Association
- Assets
- $83.4k
- Revenue
- $293.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton Twp, MI
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 38-2822868
Organization Overview
Detroit Advertising Association is located in Clinton Twp, MI. The organization was established in 1989. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Advertising Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Detroit Advertising Association generated $293.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $251.3k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ITS MEMBERS VENUES FOR NETWORKING AND THE DEVELOPMENT OF MEANINGFUL BUSINESS RELATIONSHIPS WITHIN THE ADVERTISING COMMUNITY AS WELL AS RAISING FUNDS FOR CHARITABLE ORGANIZATIONS THROUGH THE STAGING OF GOLF OUTINGS AND EVENTS FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAA PROVIDED ITS MEMBERS THE OPPORTUNITY FOR PERSONAL NETWORKING AND DEVELOPMENT OF MEANINGFUL RELATIONSHIPS WITHIN THE DETROIT ADVERTISING COMMUNITY THROUGH PARTICIPATION IN THE DAA STELLANTIS DAY GOLF OUTING IN AUGUST AT ORCHARD LAKE COUNTRY CLUB. THERE WERE 124 GOLFERS AT THIS EVENT AND 199 ATTENDEES AT THE PRE-GOLF LUNCHEON FEATURING A PANEL PRESENTATION ON CORPORATE AND BRAND HIGHLIGHTS WITH ADAM COMSTOCK CATHERINE PATTERSON BETH STRONG STEVE ST. GERMAIN AND COURTNEY POWERS. NETWORKING CONTINUED AT THE DINNER AND AWARDS THAT FOLLOWED GOLF.
DAA PROVIDED ITS MEMBERS THE OPPORTUNITY FOR PERSONAL NETWORKING AND DEVELOPMENT OF MEANINGFUL RELATIONSHIPS WITHIN THE DETROIT ADVERTISING COMMUNITY THROUGH PARTICIPATION IN THE DAA CHEVROLET DAY GOLF OUTING IN JUNE AT OAKHURST COUNTRY CLUB. THERE WERE 130 GOLFERS AT THIS EVENT AND 189 ATTENDEES AT THE PRE-GOLF BREAKFAST FEATURING STEVE MAJOROS CMO CHEVROLET. NETWORKING CONTINUED AT THE DINNER AND AWARDS THAT FOLLOWED GOLF.
DAA PROVIDED ITS MEMBERS THE OPPORTUNITY FOR PERSONAL NETWORKING AND DEVELOPMENT OF MEANINGFUL RELATIONSHIPS WITHIN THE DETROIT ADVERTISING COMMUNITY THROUGH PARTICIPATION IN THE DAA ROCKET MORTGAGE DAY GOLF OUTING IN SEPTEMBER AT DETROIT GOLF CLUB. THERE WERE 88 GOLFERS AT THIS EVENT AND 140 ATTENDEES AT THE PRE-GOLF BREAKFAST FEATURING ROCKET MORTGAGE CMO CASEY HURBIS AND HIS SENIOR LEADERSHIP TEAM WHO WILL PROVIDE AN UPDATE ON ROCKET COMPANIES THE ROCKET BRANDS AND GREAT THINGS HAPPENING IN THE CITY OF DETROIT. NETWORKING CONTINUED AT THE DINNER AND AWARDS THAT FOLLOWED GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Guerrini Executive Director | Trustee | 15 | $22,000 |
Ashley Brunner Director | Trustee | 1 | $0 |
Colleen Coyne Director | Trustee | 1 | $0 |
Mike Ienna Director | Trustee | 1 | $0 |
Jeff Kator Director | Trustee | 1 | $0 |
Bela Kogler Director | Trustee | 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 | $293,070 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,473 |
| 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. | $22,000 |
| 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 | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,034 |
| Advertising and promotion | $0 |
| Office expenses | $14,156 |
| 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 | $10,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,753 |
| All other expenses | $0 |
| Total functional expenses | $251,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,222 |
| Savings and temporary cash investments | $15,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,250 |
| 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 | $7,678 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,404 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $798 |
| 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 | $798 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $42,124 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $40,482 |
| Total liabilities and net assets/fund balances | $83,404 |