Detroit Fitness Foundation
- Assets
- $3.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Detroit, MI
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 81-2871799
Organization Overview
Detroit Fitness Foundation is located in Detroit, MI. The organization was established in 2019. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Detroit Fitness Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Fitness 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 Fitness Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
TO PROVIDE LOW- OR NO-COST FITNESS OPPORTUNITIES FOR AREA RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PRIMARY FITNESS PROGRAMMING COMES IN THE FORM OF BICYCLING, SPECIFICALLY ON THE 1/10TH OF A MILE INDOOR VELODROME. WE OFFER CYCLING CLASSES AND PROGRAMS FOR BEGINNERS 36 YEARS OLD, EMERGING RIDERS 7-17 YEARS OLD, AND EXPERIENCED COMPETITORS OF ALL AGES. DURING THE SUMMER, WE OFFER FREE CYCLING CAMPS, INTENDING TO TEACH ALL CHILDREN HOW TO RIDE A BICYCLE A SKILL THEY CAN DO FOR THEIR ENTIRE LIFE. WE ALSO TEACH THE CAMPERS AS WELL AS ALL OF OUR YOUTH ABOUT THE HISTORY OF THE SPORT AND SHARE FACTS FROM DETROIT'S CYCLING HISTORY THAT SERVE AS INSPIRATION AND A ROLE MODEL. NUTRITION AND HEALTHY CHOICES ARE ALSO PART OF THE 4DAY SESSIONS. IN ADDITION TO THE CYCLING, WE ALSO HAVE DEDICATED SPACE THE EDDIE TOLAN OVAL FOR RUNNING, WALKING OR INLINE SKATING. THIS 1/8TH MILE CEMENT TRACK IS UNIQUE IN THE AREA, AND A YEARROUND OPTION FOR STARTING AND MAINTAINING A FITNESS ROUTINE. IN THIS SPACE WE ALSO HOST HEALTH FAIRS, COMMUNITY GATHERINGS, ETC.
IN ADDITION, ON CERTAIN WEEKENDS DETROIT FITNESS FOUNDATION WILL HOST CYCLING COMPETITIONS THAT WILL BE OPEN TO THE PUBLIC, TO PROVIDE COMMUNITY MEMBERS WITH DEMONSTRATIONS OF THE LEVEL OF SKILL THAT CAN BE ACHIEVED IN THE SPORT OF CYCLING. DETROIT FITNESS FOUNDATION WILL ALSO WORK WITH YOUTH WHO ACHIEVE A HIGH LEVEL OF SKILL TO BE ENTERED IN LOCAL, REGIONAL, OR NATIONAL COMPETITIONS. IN SOME CASES, DEPENDING ON FINANCIAL NEED, DETROIT FITNESS FOUNDATION MAY PROVIDE FINANCIAL ASSISTANCE TO YOUTH WHO ARE UNABLE TO AFFORD THE COSTS TO PARTICIPATE IN SUCH COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Hughes President/ex | OfficerTrustee | 40 | $124,615 |
Gary Baun Secretary | OfficerTrustee | 0.5 | $0 |
Leonardo Gianola Director | Trustee | 0.5 | $0 |
Susan Mosey Director | Trustee | 0.5 | $0 |
Thomas M Dixon Director | Trustee | 0.5 | $0 |
James Mcdonald Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,326,287 |
| Noncash contributions included in lines 1a–1f | $1,011,953 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,326,287 |
| Total Program Service Revenue | $176,745 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,100 |
| Net Gain/Loss on Asset Sales | -$18,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,287 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,533,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,701 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,868 |
| Compensation of current officers, directors, key employees. | $54,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,589 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,752 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,975 |
| Advertising and promotion | $29,721 |
| Office expenses | $21,536 |
| Information technology | $100 |
| Royalties | $0 |
| Occupancy | $213,714 |
| Travel | $35,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,559 |
| Insurance | $37,297 |
| All other expenses | $186 |
| Total functional expenses | $1,129,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,924 |
| 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 | $1,550 |
| Net Land, buildings, and equipment | $3,282,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $78,583 |
| Other assets | $0 |
| Total assets | $3,472,592 |
| Accounts payable and accrued expenses | $606,933 |
| 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 | $1,537,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,144,108 |
| Net assets without donor restrictions | $1,328,484 |
| 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 | $3,472,592 |