Detroit Auto Dealers Association Charity Preview
- Assets
- $622.3k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 11/1998
- Data as of
- 06/2023
- EIN
- 38-3435764
Organization Overview
Detroit Auto Dealers Association Charity Preview is located in Troy, MI. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Auto Dealers Association Charity Preview 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 06/2023, Detroit Auto Dealers Association Charity Preview generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Detroit Auto Dealers Association Charity Preview has awarded 112 individual grants totaling $22,255,833. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAKE GRANTS TO VARIOUS PUBLIC CHARITIES. THE FOUNDATION HOLDS A FUNDRAISING EVENT - THE CHARITY BENEFIT PREVIEW PRECEDING THE OPENING OF THE NORTH AMERICAN INTERNATIONAL AUTO SHOW IN DETROIT MICHIGAN. THE PROCEEDS FROM THE PREVIEW ARE PAID TO LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE GRANTS TO VARIOUS PUBLIC CHARITIES.
MAKE GRANTS TO VARIOUS PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Alberts Exec Vice Pr | OfficerTrustee | 1 | $0 |
Joe Lunghamer President | Officer | $0 | |
Thad Szott Vice Preside | Officer | $0 | |
Karl Zimmerman Secretary | Officer | $0 | |
Todd Szott Treasurer | Officer | $0 | |
Doug North Past Preside | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nile Rodgers Entertainment | 6/29/23 | $301,500 |
Premier Stage | 6/29/23 | $138,915 |
Centerplate Catering | 6/29/23 | $134,629 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,132,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,245,900 |
| Total Program Service Revenue | $21,044 |
| Investment income | $11,469 |
| 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 | $2,278,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,521,659 |
| 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 | $4,542 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,385 |
| Fees for services: Other | $767,210 |
| 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 | $2,304,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,215 |
| Savings and temporary cash investments | $593,122 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $622,337 |
| Accounts payable and accrued expenses | $79,777 |
| Grants payable | $15,910 |
| 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 | $95,687 |
| Net assets without donor restrictions | $0 |
| 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 | $526,650 |
| Total liabilities and net assets/fund balances | $622,337 |
Grants Awarded
Over the last fiscal year, Detroit Auto Dealers Association Charity Preview has awarded $1,506,659 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL'S PLACE PURPOSE: GENERAL OPERATIONS | $10,000 |
BOYS AND GIRLS CLUBS PURPOSE: GENERAL OPERATIONS | $201,150 |
CHILDRENS CENTER PURPOSE: GENERAL OPERATIONS | $177,951 |
CHILDRENS HOSPITAL OF MICH PURPOSE: GENERAL OPERATIONS | $270,706 |
DETROIT CHARITABLE FOUNDATION PURPOSE: GENERAL OPERATIONS | $275,000 |
COMMUNITY FOUNDATION OF SE MICHIGAN | | | $50,000 |