The Detroit Athletic Club Foundation

Organization Overview

The Detroit Athletic Club Foundation is located in Detroit, MI. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Athletic Club Foundation 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 12/2021, Detroit Athletic Club Foundation generated $947.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $303.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Detroit Athletic Club Foundation has awarded 25 individual grants totaling $759,166. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AND EXPEND FUNDS FOR THE BEAUTIFICATION, SUPPORT OF PROGRAMS FOR PUBLIC SAFETY, AND IMPROVEMENT OF DETROIT, MICHIGAN AND SOUTHEASTERN MICHIGAN. TO RAISE AND EXPEND FUNDS FOR THE AWARD OF SCHOLARSHIPS AND THE PROMOTION OF ACADEMIC AND ATHLETIC ACHIEVEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE DETROIT ATHLETIC CLUB FOUNDATION CONDUCTED A SERIES OF EVENTS TO CONTINUE THE FOUNDATION'S MISSION OF PROMOTING ACADEMIC AND ATHLETIC ACHIEVEMENT, INCLUDING MICHIGAN HIGH SCHOOL ATHLETE OF THE YEAR AWARDS NIGHT, BOXING NIGHT, AND THE DETROIT CYCLING CHAMPIONSHIP. IN ADDITION, THE FOUNDATION AWARDED GRANTS TO VARIOUS ORGANIZATIONS WHO FURTHER PROMOTE THE FOUNDATION'S MISSION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Paul Huth
President
$0
Matthew Pappas
Vice President
$0
Geoffrey Gallinger
Secretary
$0
Steven Mellos
Treasurer
$0
Charles Johnson
Officer
$0
Jane Juscyzk
Asst Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$412,900
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$568,373
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$981,273
Total Program Service Revenue$0
Investment income $119,733
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$153,509
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $947,497

Grants Awarded

Over the last fiscal year, The Detroit Athletic Club Foundation has awarded $175,505 in support to 4 organizations.

Grant RecipientAmount

US NAVAL ACADEMY ENDOWMENT

PURPOSE: ADVANCEMENT OF THE ACADEMIES BOXING PROGRAM

$49,407

WELCHER FUND FOR BOXING EXCELLENCE ENDOWMENT

Org PageRecipient Profile

USAF Academy, CO

PURPOSE: ADVANCEMENT OF THE ACADEMIES BOXING PROGRAM

$49,407

THE WEST POINT MEN'S BOWING ENDOWMENT

Org PageRecipient Profile

West Point, NY

PURPOSE: ADVANCEMENT OF THE ACADEMIES BOXING PROGRAM

$46,691

Smyrna, GA

PURPOSE: SUPPORT OF SPECIAL OPERATORS TRANSITIONING BACK TO CIVILIAN LIFE

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Detroit Athletic Club Foundation has recieved totaling $2,000.

Awarding OrganizationAmount
Joanne Nicolay Foundation

Grosse Pointe, MI

PURPOSE: GENERAL SUPPORT

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$945,011
Earnings$136,880
Net Contributions$388,746
Other Expense$22,103
Ending Balance$1,448,534

Peer Organizations

Create an account to unlock the data you need.

or