Ilitch Charities Inc
- Assets
- $11.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/2003
- Data as of
- 12/2022
- EIN
- 38-3548144
Organization Overview
Ilitch Charities Inc, operating under the name The Detroit Red Wings Foundation The Detroit Tigers Foundation, is located in Detroit, MI. The organization was established in 2003. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Red Wings Foundation The Detroit Tigers 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 12/2022, Detroit Red Wings Foundation The Detroit Tigers Foundation generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Detroit Red Wings Foundation The Detroit Tigers Foundation has awarded 59 individual grants totaling $3,606,981. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO CHILDREN AND FAMILY PROGRAMS IN THE AREA OF HEALTH, RECREATION AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH/AMATEUR HOCKEY PROGRAM
YOUTH BASEBALL SUMMER CAMP ASSISTANCE/PLAY BASEBALL DETROIT PROGRAM
TICKETS FOR KIDS PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Ilitch Chairman And Director | OfficerTrustee | 5 | $0 |
Stanford Berenbaum Vice President And Directo | OfficerTrustee | 5 | $0 |
Michael Mclauchlan Director | Trustee | 5 | $0 |
Ryan Harding Director | Trustee | 5 | $0 |
David Agius Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $399,994 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $534,932 |
| Noncash contributions included in lines 1a–1f | $22,232 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,926 |
| Total Program Service Revenue | $0 |
| Investment income | $143,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $732,962 |
| Net Income from Gaming Activities | $633,798 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,448,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,540,437 |
| Grants and other assistance to domestic individuals. | $30,244 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,981 |
| 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 | $565,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,744 |
| 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 | $2,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,304 |
| All other expenses | $7,364 |
| Total functional expenses | $2,303,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,580,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $327,490 |
| 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 | $86,836 |
| 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 | $10,995,215 |
| Accounts payable and accrued expenses | $1,150,629 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $1,200,629 |
| Net assets without donor restrictions | $8,903,093 |
| Net assets with donor restrictions | $891,493 |
| 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 | $10,995,215 |
Grants Awarded
Over the last fiscal year, Ilitch Charities Inc has awarded $1,540,437 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
LCAHL PURPOSE: LCAHL: GRANT GIVEN TO SUPPORT VARIOUS YOUTH HOCKEY TEAMS. | $337,681 |
LEAGUE APPS - FALLSUMMER BASEBALL LITTLE LEAGUE CAMPS PURPOSE: AMOUNTS PAID FOR REGIONAL BASEBALL FALL/SUMMER CAMP REGISTRATION. | $304,241 |
CHARLES H WRIGHT MUSEUM OF AFRICAN AMERICAN HISTORY PURPOSE: CHARLES H. WRIGHT MUSEUM OF AFRICAN AMERICAN HISTORY: GRANT GIVEN TO SUPPORT THE MUSEUM | $104,375 |
DETROIT EMPLOYMENT SOLUTIONS PURPOSE: DETROIT EMPLOYMENT SOLUTIONS: GRANT GIVEN TO SUPPORT JOB AND EDUCATION EFFORTS | $100,000 |
DOWNTOWN BOXING GYM YOUTH PROGRAM PURPOSE: DOWNTOWN BOXING GYM: GRANT GIVEN TO SUPPORT YOUTH PROGRAM/SPORTS | $100,000 |
AMERICAN CANCER SOCIETY PURPOSE: AMERICAN CANCER SOCIETY: PROCEEDS FROM HOCKEY FIGHTS CANCER DISTRIBUTED TO SUPPORT CANCER RESEARCH AND CARE. | $79,463 |