Detroit Pistons Foundation
- Assets
- $1.2m
- Revenue
- $577.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/2017
- Data as of
- 06/2023
- EIN
- 38-2858649
Organization Overview
Detroit Pistons Foundation is located in Detroit, MI. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Pistons Foundation 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 06/2023, Detroit Pistons Foundation generated $577.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $404.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Detroit Pistons Foundation has awarded 63 individual grants totaling $1,743,047. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING PROGRAMS THAT PROMOTE EDUCATION, MENTORING, ATHLETICS, HEALTH, FITNESS AND NUTRITION. PISTONS FOUNDATION MAKES ANNUAL SCHOLARSHIP GRANTS TO UNDERPRIVILEGED YOUTH TO PROMOTE THE PURSUIT OF A HIGHER EDUCATION.
Describe the Organization's Program Activity:
DETROIT PISTONS FOUNDATION AWARDS GRANTS TO NON-PROFIT ORGANIZATIONS IN WAYNE, OAKLAND, AND MACOMB COUNTIES, WITH A FOCUS ON THE CITY OF DETROIT.
THE DETROIT PISTONS FOUNDATION DONATES TICKETS TO CHARITIES SO THAT UNDERPRIVILEGED CHILDREN AND VETERANS CAN ATTEND A PISTONS GAME.
THE DETROIT PISTONS FOUNDATION GRANTS SCHOLARSHIPS TO INDIVIDUALS ONCE A YEAR AT THEIR ANNUAL BLACK HISTORY EVENT. THE MAIN FOCUS OF THIS EVENT IS TO PROVIDE SCHAOLARSHIPS TO STUDENTS WHO NORMALLY WOULDN'T HAVE AN OPPORTUNITY TO BE CONSIDERED FOR A SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva Kalawski Vp/secretary | OfficerTrustee | 0.1 | $0 |
Nicolet Lewis Vice Preside | OfficerTrustee | 0.1 | $0 |
Gabrielle Mckee Executive Di | OfficerTrustee | 5 | $0 |
Mary Ann Sigler Chairman/tre | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,875 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $501,688 |
| Noncash contributions included in lines 1a–1f | $25,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,563 |
| Total Program Service Revenue | $0 |
| Investment income | $18,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,254 |
| Net Income from Gaming Activities | $52,341 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $577,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,814 |
| Grants and other assistance to domestic individuals. | $100,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $18,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $37,378 |
| Total functional expenses | $404,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,030,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $204,900 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,235,263 |
| Accounts payable and accrued expenses | $29,856 |
| Grants payable | $260,043 |
| 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 | $289,899 |
| Net assets without donor restrictions | $844,504 |
| Net assets with donor restrictions | $100,860 |
| 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 | $1,235,263 |
Grants Awarded
Over the last fiscal year, Detroit Pistons Foundation has awarded $194,718 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SPHINX PURPOSE: GENERAL OPERATIONS | $10,000 |
CECILIAVILLE PURPOSE: GENERAL OPERATIONS | $12,500 |
BING YOUTH INSTITUTE PURPOSE: GENERAL OPERATIONS | $72,500 |
DETROIT POLICE ATHLETIC LEAGUE PURPOSE: GENERAL OPERATIONS | $53,191 |
REDFORD SEAHAWKS YOUTH SPORTS PURPOSE: GENERAL OPERATIONS | $7,875 |
FLICS K-8 SCHOOL PURPOSE: TICKETS FOR YOUTH | $14,602 |