Ronald Mcdonald House Charities Detroit
- Assets
- $8.8m
- Revenue
- $2.8m
- Investments
- $3.2m
- Employees
- 17
- Location
- Detroit, MI
- Founding
- 03/1982
- Data as of
- 12/2022
- EIN
- 38-2182406
Organization Overview
Ronald Mcdonald House Charities Detroit is located in Detroit, MI. The organization was established in 1982. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Ronald Mcdonald House Charities Detroit employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Mcdonald House Charities 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, Ronald Mcdonald House Charities Detroit generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
THE ORGANIZATION PROVIDES A HOME AWAY FROM HOME AND SUPPORT SERVICES TO FAMILIES WITH CHILDREN HOSPITALIZED AT CHILDRENS HOSPITAL OF MICHIGAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RONALD MCDONALD HOUSE OF DETROIT IN CONJUNCTION WITH CHILDRENS HOSPITAL OF MICHIGAN THE HOUSE PROVIDES A HOME AWAY FROM HOME FOR PARENTS AND FAMILIES WITH CHILDREN IN THE HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Litomisky Executive Director | Officer | 40 | $172,250 |
Jeff Schneider Director | Trustee | 1 | $0 |
Andria Bojrab Director | Trustee | 1 | $0 |
Sandra Tatum Director | Trustee | 1 | $0 |
Yvette Campbell Director | Trustee | 1 | $0 |
Marla Drutz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $131,618 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,555,034 |
| Noncash contributions included in lines 1a–1f | $1,182,315 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,686,652 |
| Total Program Service Revenue | $0 |
| Investment income | $80,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,322 |
| Net Income from Fundraising Events | $11,117 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,808,365 |
| 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. | $181,446 |
| Compensation of current officers, directors, key employees. | $28,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $449,970 |
| Pension plan accruals and contributions | $7,398 |
| Other employee benefits | $38,645 |
| Payroll taxes | $44,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,824 |
| Fees for services: Other | $18,667 |
| Advertising and promotion | $121,844 |
| Office expenses | $111,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,796 |
| Insurance | $36,877 |
| All other expenses | $42,414 |
| Total functional expenses | $2,141,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,968 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,578 |
| Accounts receivable, net | $181,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,000 |
| Prepaid expenses and deferred charges | $7,408 |
| Net Land, buildings, and equipment | $4,945,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,242,202 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,750,831 |
| Accounts payable and accrued expenses | $65,458 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,458 |
| Net assets without donor restrictions | $7,766,913 |
| Net assets with donor restrictions | $918,460 |
| 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 | $8,750,831 |