Downtown Boxing Gym Youth Program
- Assets
- $7.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 81
- Location
- Detroit, MI
- Founding
- 06/2011
- Data as of
- 09/2023
- EIN
- 27-5106242
Organization Overview
Downtown Boxing Gym Youth Program is located in Detroit, MI. The organization was established in 2011. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Downtown Boxing Gym Youth Program employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Boxing Gym Youth Program 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 09/2023, Downtown Boxing Gym Youth Program generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $3.5m during the year ending 09/2023. While expenses have increased by 24.1% per year over the past 8 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
THROUGH EDUCATION, ATHLETICS, MENTORSHIP AND INTERVENTION, THE DOWNTOWN BOXING GYM EMPOWERS DETROIT STUDENTS TO BE POSITIVE AND PRODUCTIVE MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 2007, DOWNTOWN BOXING GYM HAS BEEN PROVIDING FREE ACADEMIC AND ATHLETIC PROGRAMMING TO STUDENTS AGES 8 TO 18, WITH CONTINUING MENTORSHIP AND SUPPORT THROUGH AGE 25. THROUGH INDIVIDUALIZED ACADEMIC INTERVENTION, WORKFORCE READINESS, TRAINING, MENTORSHIP, AN ABUNDANCE OF WRAP-AROUND SERVICES AND WHOLE-BODY WELLNESS PROGRAMMING, DOWNTOWN BOXING GYM SUPPORTS UP TO 250 DETROIT-AREA YOUTH WITH LIFE ENHANCING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Hauser Executive Director | OfficerTrustee | 40 | $129,985 |
Rakesh Aneja Board Chair | OfficerTrustee | 5 | $0 |
Gary Wilson Secretary | OfficerTrustee | 5 | $0 |
Joe Schmidt Treasurer | OfficerTrustee | 5 | $0 |
Jeff Addison Trustee | Trustee | 5 | $0 |
Dennis Blender Trustee | Trustee | 5 | $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 | $4,177,047 |
| Noncash contributions included in lines 1a–1f | $384,879 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,177,047 |
| Total Program Service Revenue | $0 |
| Investment income | $59,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,693 |
| Net Income from Fundraising Events | $157,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,587,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $70,890 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $259,970 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,647,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,129 |
| Advertising and promotion | $0 |
| Office expenses | $92,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,652 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,780 |
| Insurance | $43,325 |
| All other expenses | $218,235 |
| Total functional expenses | $3,535,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,507 |
| Savings and temporary cash investments | $25,256 |
| Pledges and grants receivable | $541,461 |
| 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 | $69,806 |
| Net Land, buildings, and equipment | $4,263,171 |
| Investments—publicly traded securities | $2,022,044 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $429,033 |
| Total assets | $7,630,278 |
| Accounts payable and accrued expenses | $332,293 |
| 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 | $199,986 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $532,279 |
| Net assets without donor restrictions | $5,112,168 |
| Net assets with donor restrictions | $1,985,831 |
| 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 | $7,630,278 |