Downtown Boxing Gym Youth Program
- Assets
- $6.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 73
- Location
- Detroit, MI
- Founding
- 06/2011
- Data as of
- 09/2021
- 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 09/2021, Downtown Boxing Gym Youth Program employed 73 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 09/2021, Downtown Boxing Gym Youth Program generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $2.7m during the year ending 09/2021. While expenses have increased by 27.5% per year over the past 6 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
2021
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
THE ORGANIZATION PROVIDES ACADEMIC TUTORING, MENTORING, AND BOXING LESSONS TO APPROXIMATELY 200 DETROIT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Hauser Executive Di | OfficerTrustee | 40 | $94,923 |
Khali Sweeney President/fo | OfficerTrustee | 40 | $94,923 |
Rakesh Aneja Board Chair | OfficerTrustee | 5 | $0 |
Peter Fezzey Board Vice-C | OfficerTrustee | 5 | $0 |
Gary Wilson Secretary | OfficerTrustee | 5 | $0 |
Joe Schmidt Treasurer | OfficerTrustee | 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 | $3,694,557 |
| Noncash contributions included in lines 1a–1f | $1,123,092 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,694,557 |
| Total Program Service Revenue | $0 |
| Investment income | $64,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,575 |
| Net Income from Fundraising Events | $90,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,081,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,789 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $189,846 |
| Compensation of current officers, directors, key employees. | $23,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,096,033 |
| Pension plan accruals and contributions | $30,553 |
| Other employee benefits | $54,460 |
| Payroll taxes | $99,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,521 |
| Fees for services: Other | $414,756 |
| Advertising and promotion | $0 |
| Office expenses | $14,630 |
| Information technology | $98,256 |
| Royalties | $0 |
| Occupancy | $36,605 |
| Travel | $3,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,645 |
| Insurance | $45,996 |
| All other expenses | $92,738 |
| Total functional expenses | $2,688,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,661 |
| Savings and temporary cash investments | $43,390 |
| Pledges and grants receivable | $413,279 |
| 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 | $14,123 |
| Net Land, buildings, and equipment | $3,436,623 |
| Investments—publicly traded securities | $1,734,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,542,930 |
| Accounts payable and accrued expenses | $146,933 |
| 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 | $246,734 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $393,667 |
| Net assets without donor restrictions | $4,273,860 |
| Net assets with donor restrictions | $1,875,403 |
| 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 | $6,542,930 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Downtown Boxing Gym Youth Program has recieved totaling $1,218,979.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Youth Development | $250,000 |
Skillman Foundation Detroit, MI PURPOSE: DOWNTOWN BOXING GYM: SUPPORTING SAFE SPACES FOR DETROIT CHILDREN AND YOUTH | $200,000 |
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO SUPPORT THE STRENGTHENING AND GROWTH OF AN AFTERSCHOOL SPORTS PROGRAM THAT PROVIDES STUDENTS WITH MENTORING, ACADEMIC SUPPORTS, AND SPORTS SAMPLING. | $200,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $100,000 |
Michigan Health Endowment Fund Brighton, MI PURPOSE: WHOLE STUDENT WELLNESS: A FRAMEWORK FOR LIFE | $85,400 |
Detroit Lions Charities Allen Park, MI PURPOSE: TO SUPPORT YOUTH PHYSICAL ACTIVITY PROGRAMS | $78,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Zeta National Housing Corporation Oxford, OH | $87,996,446 | $22,719,151 |
Delta Zeta Nat'l Housing Co (group Return) Oxford, OH | $23,862,160 | $20,580,612 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Scioto Country Club Inc Columbus, OH | $33,295,673 | $14,482,821 |
Kenwood Country Club Cincinnati, OH | $26,605,503 | $12,714,296 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
Cincinnati Country Club Cincinnati, OH | $22,932,487 | $13,648,995 |
Delta Zeta Sorority Oxford, OH | $10,465,922 | $11,682,546 |
American Motorcycle Association Pickerington, OH | $16,477,859 | $11,974,280 |
Franklin Hills Country Club Franklin, MI | $14,923,818 | $10,135,789 |
Country Club Inc Pepper Pike, OH | $10,914,788 | $11,494,008 |
Country Club Of Detroit Grosse Pointe Farms, MI | $27,254,127 | $11,579,679 |