Lgbt Detroit
- Assets
- $307.3k
- Revenue
- $965.3k
- Investments
- $0.0
- Employees
- 14
- Location
- Detroit, MI
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 56-2393981
Organization Overview
Lgbt Detroit is located in Detroit, MI. The organization was established in 2006. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, Lgbt Detroit employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lgbt 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 12/2022, Lgbt Detroit generated $965.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $989.4k during the year ending 12/2022. While expenses have increased by 28.6% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LGBT DETROITS MISSION IS TO INCREASE AWARENESS OF AND SUPPORT TO DETROITS DYNAMIC LGBT CULTURE THROUGH EDUCATION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, LGBT DETROIT SPONSORED PROGRAMS AND EVENTS THAT SUPPORTED AND ADVOCATED FOR DETROITS LGBT COMMUNITY. THIS INCLUDES THE ANNUAL HOTTER THAN JULY EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Akin Nzere Kwabena Executive Director | Officer | 50 | $129,553 |
Victor Harrell Member | Trustee | 2 | $0 |
Terrell White Member | Trustee | 2 | $0 |
M Terence Samson Treasurer | OfficerTrustee | 2 | $0 |
Antonio Johnson-Seals President | OfficerTrustee | 2 | $0 |
Alfredo Smith Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $381,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $583,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $965,294 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $965,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $129,553 |
| Compensation of current officers, directors, key employees. | $25,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $566,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,070 |
| Payroll taxes | $122,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $489 |
| Fees for services: Accounting | $22,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,475 |
| Advertising and promotion | $150 |
| Office expenses | $2,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,686 |
| Travel | $4,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,688 |
| All other expenses | $6,408 |
| Total functional expenses | $989,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,842 |
| 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 | $106,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $307,305 |
| Accounts payable and accrued expenses | $8,598 |
| 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 | $36,348 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,946 |
| Net assets without donor restrictions | $262,359 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $307,305 |