Detroit Regional Lgbt Chamber Of Commerce
- Assets
- $93.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 46-4285364
Organization Overview
Detroit Regional Lgbt Chamber Of Commerce is located in Detroit, MI. The organization was established in 2015. 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 Regional Lgbt Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Detroit Regional Lgbt Chamber Of Commerce generated $58.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $44.2k during the year ending 12/2021. While expenses have increased by 45.1% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MEMBER COMMUNITY PROGRAM EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Derey Director | 2 | $0 | |
Lillian Lowery Director | 2 | $0 | |
Angelo Rea Director | 2 | $0 | |
Kevin T Heard President | 10 | $0 | |
William Calhoun Director | 2 | $0 | |
Diane R Harbour Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,000 |
| Total Program Service Revenue | $2,122 |
| Membership dues | $47,479 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,601 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $463 |
| Other expenses | $41,930 |
| Total expenses | $44,163 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,977 |
| Other assets | $0 |
| Total assets | $92,977 |
| Total liabilities | $0 |
| Net assets or fund balances | $92,977 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Detroit Regional Lgbt Chamber Of Commerce has recieved totaling $16,500.
| Awarding Organization | Amount |
|---|---|
National Gay & Lesbian Chamber Of Commerce Washington, DC PURPOSE: 2021 GROW WITH GOOGLE | $9,000 |
Henry Ford Health System Detroit, MI PURPOSE: ORGANIZATIONAL SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Truck Equipment Association Farmington Hills, MI | $27,097,486 | $13,173,388 |
National Precast Concrete Association Inc Carmel, IN | $13,896,863 | $10,585,314 |
Indiana Underground Plant Protection Service Inc Greenwood, IN | $23,524,907 | $10,120,104 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Indy Championships Fund Inc Indianapolis, IN | $6,870,300 | $5,470,881 |
Cincinnati Usa Regional Chamber Foundation Cincinnati, OH | $5,241,564 | $8,994,630 |
United States Auto Club Inc Speeway, IN | $9,462,749 | $8,803,696 |