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DETROIT ECONOMIC GROWTH CORP: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
DETROIT ECONOMIC GROWTH CORP (EIN 38-2192028)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-04-22
IRS object ID
202211129349301411
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-04-22T11:54:40-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382029668PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GEORGE JOHNSON & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11200 BUHL BUILDING 535 GRISWOLDAddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP482263689ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN382192028EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DETROIT ECONOMIC GROWTH CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDETRBusinessNameControlTxt
Phone3139632940PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 GRISWOLD NO 2200AddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP482263480ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEVIN JOHNSONPersonNm
Person TitlePRESIDENT AND C.E.O.PersonTitleTxt
Phone3139632940PhoneNum
Signature2022-04-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKEVINPersonFirstNm
Person LastJOHNSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL R NICHOLASPreparerPersonNm
PTINP00966144PTIN
Phone3139652655PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKEVIN JOHNSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 GRISWOLD NO 2200AddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP482263480ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,073,481GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.DEGC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1978FormationYr
Legal Domicile StateMILegalDomicileStateCd
Activity Or MissionPROMOTE ECONOMIC GROWTH IN THE CITY OF DETROITActivityOrMissionDesc
Voting Members Governing Body31VotingMembersGoverningBodyCnt
Voting Members Independent30VotingMembersIndependentCnt
Total Employee65TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,099,864PYContributionsGrantsAmt
CY Contributions Grants$1,130,361CYContributionsGrantsAmt
PY Program Service Revenue$7,936,368PYProgramServiceRevenueAmt
CY Program Service Revenue$7,878,464CYProgramServiceRevenueAmt
PY Investment Income$34,096PYInvestmentIncomeAmt
CY Investment Income$64,656CYInvestmentIncomeAmt
PY Other Revenue$66,395PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$10,136,723PYTotalRevenueAmt
CY Total Revenue$9,073,481CYTotalRevenueAmt
PY Grants And Similar Paid$1,600,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$6,922,224PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,812,814CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,636,911PYOtherExpensesAmt
CY Other Expenses$1,528,208CYOtherExpensesAmt
PY Total Expenses$10,159,135PYTotalExpensesAmt
CY Total Expenses$8,341,022CYTotalExpensesAmt
PY Revenues Less Expenses-$22,412PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$732,459CYRevenuesLessExpensesAmt
Total Assets BOY$5,088,611TotalAssetsBOYAmt
Total Assets EOY$5,612,082TotalAssetsEOYAmt
Total Liabilities BOY$391,268TotalLiabilitiesBOYAmt
Total Liabilities EOY$182,280TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,697,343NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,429,802NetAssetsOrFundBalancesEOYAmt
MissionPROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROITMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,938,772ExpenseAmt
Revenue$7,878,464RevenueAmt
DescPROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROITDesc
Total Program Service Expenses$6,938,772TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document16IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee65EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members31GoverningBodyVotingMembersCnt
Independent Voting Member30IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GLEN W LONG JRBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3139632940PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 GRISWOLD SUITE 2200AddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP482263480ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
CONRAD MALLETT
CHAIR1.001.00Yes (X)Yes (X)$0$0$0
MARVIN BEATTY
VICE-CHAIR1.001.00Yes (X)Yes (X)$0$0$0
JOHN BLANCHARD
VICE-CHAIR1.001.00Yes (X)Yes (X)$0$0$0
ANDRA RUSH
VICE-CHAIR1.001.00Yes (X)Yes (X)$0$0$0
MICHAEL TYSON
TREASURER1.001.00Yes (X)Yes (X)$0$0$0
MIKYIA AARON
DIRECTOR1.001.00Yes (X)$0$0$0
APRIL ANDERSON
DIRECTOR1.001.00Yes (X)$0$0$0
DAVID BLASKIEWICZ
DIRECTOR1.00Yes (X)$0$0$0
KOFI BONNER
DIRECTOR1.001.00Yes (X)$0$0$0
EVA GARZA DEWAELSCHE
DIRECTOR1.001.00Yes (X)$0$0$0
MIKE DUGGAN
DIRECTOR1.001.00Yes (X)$0$0$0
KENNETH L HARRIS
DIRECTOR1.001.00Yes (X)$0$0$0
GEORGE W JACKSON JR
DIRECTOR1.001.00Yes (X)$0$0$0
BRENDA JONES
DIRECTOR1.001.00Yes (X)$0$0$0
MARSHAL S KLEVEN
DIRECTOR1.001.00Yes (X)$0$0$0
ERIC LARSON
DIRECTOR1.001.00Yes (X)$0$0$0
THOMAS LEWAND JR
DIRECTOR1.001.00Yes (X)$0$0$0
RACHEL LUTZ
DIRECTOR1.001.00Yes (X)$0$0$0
MIKE MCLAUCHLAN
DIRECTOR1.001.00Yes (X)$0$0$0
DAVID E MEADOR
DIRECTOR1.001.00Yes (X)$0$0$0
DARRELL MIDDLETON
DIRECTOR1.001.00Yes (X)$0$0$0
CYNTHIA PASKY
DIRECTOR1.001.00Yes (X)$0$0$0
NICOLE SHERARD FREEMAN
DIRECTOR1.001.00Yes (X)$0$0$0
NED STAEBLER
DIRECTOR1.001.00Yes (X)$0$0$0
RONALD STALLWORTH
DIRECTOR1.001.00Yes (X)$0$0$0
TONY STOVALL
DIRECTOR1.001.00Yes (X)$0$0$0
TERENCE A THOMAS SR
DIRECTOR1.001.00Yes (X)$0$0$0
GARY TORGOW
DIRECTOR1.001.00Yes (X)$0$0$0
JAMES VELLA
DIRECTOR1.001.00Yes (X)$0$0$0
JACCI WOODS
DIRECTOR1.001.00Yes (X)$0$0$0
KEVIN JOHNSON
PRESIDENT AND C.E.O.55.001.00Yes (X)Yes (X)$338,329$0$62,657
KENYETTA HAIRSTON-BRIDGES
EXEC. V-P, ECON. DEV. AND INV. SERV.45.00Yes (X)$211,275$0$45,163
GLEN W LONG JR
EXEC. V-P OF ADMIN. AND C.F.O.55.007.00Yes (X)$241,542$0$48,943
AMANDA HANLIN
CHIEF OF STAFF45.00Yes (X)$115,566$0$36,784
BUNLIM LY
VICE-PRESIDENT, GLOBAL COMMERCE45.00$189,145$0$29,193Yes (X)
REBECCA NAVIN
GENERAL COUNSEL45.00$199,223$0$42,838Yes (X)
MALINDA JENSON
SENIOR V-P, GOVERNMENTAL AFFAIRS45.00$142,666$0$16,824Yes (X)
PIERRE BATTON
VICE-PRESIDENT, SMALL BUSINESS45.00$140,950$0$29,214Yes (X)
MARK DENSON
SR. DIR., STRATEGY AND OPERATIONS45.00$113,253$0$31,844Yes (X)
KELLY SHOVAN
CONTROLLER45.00$113,982$0$31,002Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,805,931TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$374,462TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K10IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
EDC CHARTER COUNTY OF WAYNE
500 GRISWOLDDETROITMI482263480LEASE AND UTILITIES$405,759
FLEISHMAN HILLARD
PO BOX 771733ST LOUISMO631771733CONSULTING$154,104
WHIM
19 CLIFFORD STREETDETROITMI482261705DIGITAL PRODUCT DEVELOPMENT$102,695
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Related Organizations$250,000RelatedOrganizationsAmt
Government Grants$860,361GovernmentGrantsAmt
All Other Contributions$20,000AllOtherContributionsAmt
Total Contributions$1,130,361TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CONTRACT INCOME900099$7,738,578$7,738,578
SERVICE FEES900099$108,232$108,232
INTEREST ON LOANS900099$31,654$31,654
FieldValueIRS element (for citing)
Total Program Service Revenue$7,878,464TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$64,656TotalRevenueColumnAmt
Exclusion$64,656ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,073,481TotalRevenueColumnAmt
Related Or Exempt Func Income$7,878,464RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$64,656ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,528,593TotalAmt
Program Services$1,256,656ProgramServicesAmt
Management And General$271,937ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,736,841TotalAmt
Program Services$3,102,683ProgramServicesAmt
Management And General$634,158ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$457,752TotalAmt
Program Services$376,318ProgramServicesAmt
Management And General$81,434ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$715,453TotalAmt
Program Services$588,174ProgramServicesAmt
Management And General$127,279ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$374,175TotalAmt
Program Services$307,609ProgramServicesAmt
Management And General$66,566ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$11,640TotalAmt
Program Services$9,569ProgramServicesAmt
Management And General$2,071ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$279,854TotalAmt
Program Services$249,587ProgramServicesAmt
Management And General$30,267ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$183,334TotalAmt
Program Services$150,761ProgramServicesAmt
Management And General$32,573ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$105,146TotalAmt
Program Services$88,685ProgramServicesAmt
Management And General$16,461ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$378,105TotalAmt
Program Services$311,818ProgramServicesAmt
Management And General$66,287ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,544TotalAmt
Program Services$5,380ProgramServicesAmt
Management And General$1,164ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$27,747TotalAmt
Program Services$22,879ProgramServicesAmt
Management And General$4,868ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$78,669TotalAmt
Program Services$64,674ProgramServicesAmt
Management And General$13,995ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$97,347TotalAmt
Program Services$80,029ProgramServicesAmt
Management And General$17,318ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
BAD DEBT EXPENSE$157,084$157,084
EQUIPMENT RENTAL$86,273$71,120$15,153
SPECIAL PROJECTS$82,155$67,540$14,615
MEMBERSHIPS$30,288$24,900$5,388

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,022TotalAmt
Program Services$3,306ProgramServicesAmt
Management And General$716ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,341,022TotalAmt
Program Services$6,938,772ProgramServicesAmt
Management And General$1,402,250ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$220,227BOYAmt
EOY$93,455EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,610,856BOYAmt
EOY$4,159,166EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$242,430BOYAmt
EOY$263,394EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$638,530BOYAmt
EOY$846,411EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$211,292BOYAmt
EOY$159,694EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$952,206LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$862,244LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$165,276BOYAmt
EOY$89,962EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,088,611BOYAmt
EOY$5,612,082EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$391,268BOYAmt
EOY$182,280EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$391,268BOYAmt
EOY$182,280EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,742,377BOYAmt
EOY$2,938,692EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,954,966BOYAmt
EOY$2,491,110EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,697,343BOYAmt
EOY$5,429,802EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,088,611BOYAmt
EOY$5,612,082EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$732,459ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$305,682OtherCostOrOtherBasisAmt
Depreciation$287,601DepreciationAmt
Book Value$18,081BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$553,600OtherCostOrOtherBasisAmt
Depreciation$492,835DepreciationAmt
Book Value$60,765BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$92,924OtherCostOrOtherBasisAmt
Depreciation$81,808DepreciationAmt
Book Value$11,116BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$89,962TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,073,481TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$9,073,481RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$9,073,481TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,341,022TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$8,341,022ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,341,022TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE DEGC'S [ORGANIZATION'S] MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2021 OR 2020.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Discretionary Spending AcctYes (X)DiscretionarySpendingAcctInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KEVIN JOHNSON
PRESIDENT AND C.E.O.$269,909$0$56,650$0$11,770$0$35,141$0$27,516$0$400,986$0$0$0
GLEN W LONG JR
EXEC. V-P OF ADMIN. AND C.F.O.$221,546$0$11,529$0$8,467$0$27,117$0$21,826$0$290,485$0$0$0
KENYETTA HAIRSTON-BRIDGES
EXEC. V-P, ECON. DEV. AND INV. SERV.$187,386$0$12,250$0$11,639$0$23,467$0$21,696$0$256,438$0$0$0
REBECCA NAVIN
GENERAL COUNSEL$176,216$0$11,750$0$11,257$0$20,298$0$22,540$0$242,061$0$0$0
BUNLIM LY
VICE-PRESIDENT, GLOBAL COMMERCE$179,438$0$9,250$0$457$0$20,298$0$8,895$0$218,338$0$0$0
PIERRE BATTON
VICE-PRESIDENT, SMALL BUSINESS$132,606$0$6,750$0$1,594$0$11,607$0$17,607$0$170,164$0$0$0
MALINDA JENSON
SENIOR V-P, GOVERNMENTAL AFFAIRS$134,091$0$6,845$0$1,730$0$14,324$0$2,500$0$159,490$0$0$0
AMANDA HANLIN
CHIEF OF STAFF$112,978$0$2,500$0$88$0$11,575$0$25,209$0$152,350$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1AFormAndLineReferenceDesc
ExplanationTHE ORGANIZATION PROVIDED AN AUTOMOBILE ALLOWANCE OF $700 PER MONTH AND PAID FOR A DETROIT GOLF CLUB MEMBERSHIP FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BAN INDEPENDENT C.P.A. FIRM PREPARES FORM 990, WHICH IS THEN REVIEWED SEPARATELY BY THE ORGANIZATION'S CONTROLLER AND CHIEF FINANCIAL OFFICER. THE CHIEF FINANCIAL OFFICER WALKS THROUGH FORM 990 WITH THE ORGANIZATION'S CHAIR, VICE-CHAIR, AND PRESIDENT/CHIEF EXECUTIVE OFFICER BEFORE THE RETURN IS SIGNED AND FILED.
FORM 990, PART VI, SECTION B, LINE 12CANNUAL REMINDERS OF THE CONFLICT OF INTEREST POLICY ARE DISTRIBUTED TO THE ORGANIZATION'S STAFF, ALONG WITH THE THREAT OF TERMINATION FOR VIOLATIONS OF SUCH POLICY.
FORM 990, PART VI, SECTION B, LINE 15ATHE COMPENSATION COMMITTEE BENCHMARKED SALARIES AND BENEFITS FOR SIMILAR CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER POSITIONS. THE PRESIDENT/CHIEF EXECUTIVE OFFICER HAS THE POWER TO SET COMPENSATION LEVELS FOR ALL OTHER EMPLOYEES. HE DOES SO BASED UPON A REVIEW OF SIMILAR ENTITIES AND BENCHMARKING STUDIES.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1DETROIT ECONOMIC GROWTH ASSOCIATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 GRISWOLD SUITE 2200AddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP482263480ZIPCd
FieldValueIRS element (for citing)
EIN382433720EIN
Primary ActivitiesECONOMIC DEVELOPMENTPrimaryActivitiesTxt
Legal Domicile StateMILegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
DETROIT ECONOMIC GROWTH ASSOCIATION
L$285,375FAIR VALUE
DETROIT ECONOMIC GROWTH ASSOCIATION
C$250,000FAIR VALUE
DETROIT ECONOMIC GROWTH ASSOCIATION
Q$952,348FAIR VALUE