Tour De Troit
- Assets
- $179.8k
- Revenue
- $166.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Detroit, MI
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-0845424
Organization Overview
Tour De Troit is located in Detroit, MI. The organization was established in 2013. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Tour DE Troit employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tour DE Troit 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, Tour DE Troit generated $166.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $183.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE HOST ANNUAL EVENTS TO PROMOTE A HEALTHY LIFESTYLE IN THE CITY OF DETROIT AND HAMTRAMCK. THE ORGANIZATION MAKES DONATIONS TO PROJECTS THAT FURTHER PROMOTE HEALTHY LIVING IE GREENWAYS PROJECTS, PARK PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOUR DE TROIT PRODUCES AND SUPPORTS EVENTS THAT PROMOTE A HEALTHY LIFESTYLE AND CITY, INCLUDING THE TOUR DE TROIT 3,400 RIDERS MARTIN LUTHER KING, JR. MEMORIAL BIKE RIDE 350 RIDERS, PACZKI RUN 2,000 RUNNERS, BIKE THE BRIDGE 500 RIDERS, TOUR DEAST SIDE 750 RIDERS, AND ROUGE A THON 90 RIDERS / RUNNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Lusa Chair | OfficerTrustee | 1 | $0 |
Steve Roach Treasurer | OfficerTrustee | 1 | $0 |
Brian Hurrtienne Secretary | OfficerTrustee | 1 | $0 |
Phil Rivera Member | Trustee | 1 | $0 |
Mike Darga Member | Trustee | 1 | $0 |
Ken Cockrel Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,092 |
| Total Program Service Revenue | $128,000 |
| Investment income | $0 |
| 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 | $1,290 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $80,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,663 |
| Advertising and promotion | $3,360 |
| Office expenses | $3,598 |
| Information technology | $678 |
| Royalties | $0 |
| Occupancy | $6,289 |
| 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 | $1,303 |
| All other expenses | $0 |
| Total functional expenses | $183,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,824 |
| Savings and temporary cash investments | $0 |
| 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 | $179,824 |
| Accounts payable and accrued expenses | $2,999 |
| 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 | $150,000 |
| Total liabilities | $152,999 |
| 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 | $26,825 |
| Total liabilities and net assets/fund balances | $179,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tour De Troit has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Dte Energy Foundation Detroit, MI PURPOSE: COMMUNITY TRANSFORMATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education At Work Inc Indianapolis, IN | $7,418,747 | $27,265,167 |
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Newton Services Foundation Inc Flint, MI | $3,036,249 | $10,428,739 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
Van Andel Institute Graduate School Grand Rapids, MI | $1,492,760 | $4,853,861 |
Kelley Executive Education Foundation Inc Bloomington, IN | $1,125,624 | $3,371,150 |
Education And Training Connection Midland, MI | $2,969,193 | $3,353,333 |
Columbus Literacy Council Columbus, OH | $1,481,733 | $3,063,188 |
Evansville Plumbers Apprentice Training Trust Fund Evansville, IN | $3,497,630 | $2,319,217 |
Inforum Detroit, MI | $3,977,241 | $2,035,446 |