Endeavor Detroit
- Assets
- $973.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Detroit, MI
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 47-2312721
Organization Overview
Endeavor Detroit is located in Detroit, MI. The organization was established in 2015. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Endeavor Detroit employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endeavor Detroit 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 12/2023, Endeavor Detroit generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENDEAVOR DETROIT IS LEADING THE HIGH-IMPACT ENTREPRENEURSHIP MOVEMENT IN MICHIGAN AND THE WIDER GREAT LAKES REGION, CATALYZING LONG-TERM ECONOMIC GROWTH BY SELECTING, MENTORING, AND SUPPORTING THE BEST HIGH-IMPACT ENTREPRENEURS IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 ENDEAVOR DETROIT SUPPORTED A PORTFOLIO OF 39 ENTREPRENEURS LEADING 22 COMPANIES ACROSS THE GREAT LAKES REGION. IN 2023, ENDEAVOR ALSO SELECTED CURLMIX, ITS THIRD COMPANY OUT OF CHICAGO. ENDEAVOR PROVIDED ENTREPRENEUR MENTORSHIP AND OTHER SERVICES INCLUDING SUPPORT WITH FUNDRAISING, ACCESS TO PARTNERSHIPS, ACCESS TO GROWTH MARKETS, AND BUSINESS AND LEADERSHIP DEVELOPMENT PROGRAMS. IN 2023, ENDEAVOR REVIEWED HUNDREDS OF COMPANIES AND CONTRIBUTED HUNDREDS OF HOURS OF MENTORSHIP AND SUPPORT TO COMPANIES IN THE GREAT LAKES REGION. THE ORGANIZATION ALSO LAUNCHED THE NATIONAL SELECTION PROGRAM, AN INITIATIVE FOCUSED ON SUPPORTING EXCEPTIONAL LEADERS OF FUTURE HIGH-GROWTH COMPANIES ACROSS THE U.S. TO SUPPORT THEIR NEXT-LEVEL GROWTH AND SCALE. MOREOVER, THE ORGANIZATION DEVELOPED, MANAGED, AND RAN THE U.S. REGION'S FIRST ENDEAVOR ENTREPRENEUR, BOARD, AND STAFF RETREAT, WHICH BROUGHT TOGETHER OVER 100 LEADERS IN HIGH GROWTH ENTREPRENEURSHIP TO CONVENE, NETWORK, AND LEARN FROM SUCCESSFUL SCALEUP FOUNDERS/LEADERS. THE ORGANIZATION'S EFFORTS IN 2023 RESULTED IN ENTREPRENEURS GIVING ENDEAVOR AN "EXCELLENT" AVERAGE RATING FOR SERVICES PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Callaghan Managing Director | Officer | 40 | $259,887 |
Isabella Artiles Senior Manager Entrepreneur Experience | 40 | $107,004 | |
Nate Lowery Board Chair | OfficerTrustee | 1 | $0 |
Lynda Applegate Secretary | OfficerTrustee | 1 | $0 |
Mike Vichich Director | Trustee | 1 | $0 |
Jason Wenk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,123,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,157,234 |
| Total Program Service Revenue | $0 |
| Investment income | $8,996 |
| 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 | $1,166,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,000 |
| 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. | $281,738 |
| Compensation of current officers, directors, key employees. | $70,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $434,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,902 |
| Payroll taxes | $47,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,552 |
| Fees for services: Accounting | $25,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,332 |
| Fees for services: Other | $41,623 |
| Advertising and promotion | $398 |
| Office expenses | $26,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,485 |
| Travel | $151,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,461 |
| All other expenses | $0 |
| Total functional expenses | $1,189,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,506 |
| Savings and temporary cash investments | $21,206 |
| Pledges and grants receivable | $244,182 |
| 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 | $364,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $973,086 |
| Accounts payable and accrued expenses | $57,322 |
| 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 | $0 |
| Total liabilities | $57,322 |
| Net assets without donor restrictions | $680,764 |
| Net assets with donor restrictions | $235,000 |
| 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 | $973,086 |