Detriot Economic Growth Association

Organization Overview

Detriot Economic Growth Association is located in Detroit, MI. The organization was established in 1982. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detriot Economic Growth Association 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 06/2022, Detriot Economic Growth Association generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Detriot Economic Growth Association has awarded 1,583 individual grants totaling $40,261,721. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE ECONOMIC GROWTH IN THE CITY OF DETROIT

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT


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Board, Officers & Key Employees

Name (title)Compensation
Conrad Mallett
Chair
$0
Michael Tyson
Treasurer
$0
Kevin Johnson
President And C.e.o.
$0
Marvin Beatty
Vice-Chair
$0
Jacci Woods
Secretary
$0
John Blanchard
Vice-Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Detroit Economic Growth Corporation
Administrative Services
$1,096,665
Vectorform
Consulting
$124,975
City Of Detroit
Contractor
$1,142,169
Smithgroup
Contractor
$2,474,848
Ecoworks
Consulting
$134,292
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $986,332
All other contributions, gifts, grants, and similar amounts not included above$4,576,483
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,562,815
Total Program Service Revenue$0
Investment income $4,229
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,567,044

Grants Awarded

Over the last fiscal year, Detriot Economic Growth Association has awarded $564,796 in support to 18 organizations.

Grant RecipientAmount

DETROIT TRAINING CENTER INC

PURPOSE: BUSINESS ATTRACTION AND RETENTION

$82,500

LIUNA TRAINING OF MICHIGAN

Org PageRecipient Profile

Lansing, MI

PURPOSE: BUSINESS ATTRACTION AND RETENTION

$82,500

ASTUTE ARTISTRY LLC

PURPOSE: BUSINESS ATTRACTION AND RETENTION

$82,500

DORSEY SCHOOL OF BUSINESS

PURPOSE: BUSINESS ATTRACTION AND RETENTION

$80,000

DETROIT TRAINING INSTITUTE OF TECHNOLOGY

PURPOSE: BUSINESS ATTRACTION AND RETENTION

$75,000

THE INTERNATIONAL INSTITUTE OF METROPOLITAN DETROIT INC

Org PageRecipient Profile

Detroit, MI

PURPOSE: BUSINESS ATTRACTION AND RETENTION

$40,796
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Detriot Economic Growth Association has recieved totaling $6,056,250.

Awarding OrganizationAmount
The Ralph C Wilson Jr Foundation

Detroit, MI

PURPOSE: TO SUPPORT THE CONSTRUCTION OF THE JOE LOUIS GREENWAY AND WARREN TRAILHEAD.

$1,500,000
The Ralph C Wilson Jr Foundation

Detroit, MI

PURPOSE: TO SUPPORT THE CONSTRUCTION OF THE JOE LOUIS GREENWAY AND WARREN TRAILHEAD.

$1,500,000
The Ralph C Wilson Jr Foundation

Detroit, MI

PURPOSE: TO SUPPORT THE DETROIT MEANS BUSINESS COALITION.

$1,000,000
The Ralph C Wilson Jr Foundation

Detroit, MI

PURPOSE: TO SUPPORT THE DETROIT MEANS BUSINESS COALITION.

$400,000
Dte Energy Foundation

Detroit, MI

PURPOSE: ECONOMIC PROGRESS

$250,000
Dte Energy Foundation

Detroit, MI

PURPOSE: ECONOMIC PROGRESS

$250,000
View Grant Recipient Profile

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