Young Detroit Thinkers
- Assets
- $117.4k
- Revenue
- $75.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/2013
- Data as of
- 08/2023
- EIN
- 45-2973904
Organization Overview
Young Detroit Thinkers, operating under the name Detroit City Chess Club, is located in Detroit, MI. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit City Chess Club 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 08/2023, Detroit City Chess Club generated $75.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $71.9k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
YOUNG DETROIT THINKERS (YDT)IS A MICHIGAN NON-PROFIT WHOSE MISSION IS TO PROVIDE-EAR ROUND SERVICES THAT ENABLE METRO DETROIT YOUTH TO EXCEL ACADEMICALLY BY DEVELOPING FOCUS, DISAPLINE, CREATIVE THINKING, CHARACTERAND STRATEGIC PLANNING THROUGH THE GAME OF CHESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DETROIT YOUTH WITH QUALITY PROGRAMS AND EXPERIENCES WHICH WILL ENABLE THEM TO EXCEL ACADEMICALLY IN A SAFE, SUPPORTIVE, AND NURTURING ENVIRONMENT. THE GOALS OF YOUNG DETROIT THINKERS INCLUDE: ENHANCED ACADEMIC FOCUS - CREATE A CULTURE OF HIGH EXPECTATIONS TO ACQUIRE THE NEEDED FOCUS AND DISCIPLINE FOR ACADEMIC SUCCESS; INCREASE STUDENT LEADERSHIP - PROVIDE OPPORTUNITIES FOR YOUNG DETROIT THINKERS MEMBERS TO DEVELOP, ENHANCE, AND EXPERIENCE THEIR LEADERSHIP CAPABILITIES; CREATIVE THINKING - DEVELOP CREATIVITY AND SPECIAL REASONING SKILLS THAT ARE NECESSARY FOR GAME OF CHESS AS WELL AS WITH LIFE; CHARACTER EDUCATION - INSTILL LIFE SKILLS TO HELP STUDENTS BECOME SOCIALLY ACCEPTED MEMBERS WHILE ENGAGING WITH OTHER YDTS PROGRAMS FOR THE FISCAL YEAR ENDED AUGUST 31, 2021 INCLUDED PROVIDING CHESS EQUIPMENT AND INSTRUCTION TO STUDENTS AND TEACHERS; SPONSORING A CITY-WIDE COMPETITIVE CHESS TEAM; HOSTING A SERIES OF TOURNAMENTS IN WHICH OVER 300 STUDENTS PARTICIPATED; THE BOYS THEATER OF DETROIT SUMMER CAMP; THE DCCC ALL-CITY CHESS HONORS; FREE WEEKLY LEISURE CHESS OPEN TO THE COMMUNITY; AND A SIMULTANEOUS CHESS EXHIBITION AT THE DETROIT INSTITUTE OF ARTS. YDTS PROGRAMS FOR THE FISCAL YEAR ENDED AUGUST 31, 2022 INCLUDED PROVIDING CHESS EQUIPMENT AND INSTRUCTION TO STUDENTS AND TEACHERS; SPONSORING A CITY-WIDE COMPETITIVE CHESS TEAM; HOSTING A SERIES OF TOURNAMENTS IN WHICH OVER 300 STUDENTS PARTICIPATED; THE BOYS THEATER OF DETROIT SUMMER CAMP; THE DCCC ALL-CITY CHESS HONORS; FREE WEEKLY LEISURE CHESS OPEN TO THE COMMUNITY; AND A SIMULTANEOUS CHESS EXHIBITION AT THE DETROIT INSTITUTE OF ARTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darci Mcconnell Director | Trustee | 0 | $0 |
Kevin Fite Director | Trustee | 0 | $0 |
Karen Clingman Director | Trustee | 0 | $0 |
Tahira Chandra Yanish Treasurer | Officer | 0 | $0 |
Bridgette Motley Secretary | Officer | 0 | $0 |
Catherine Martinez Vice-Oresident | Officer | 0 | $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 | $75,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,173 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $75,173 |
| 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. | $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 | $3,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,175 |
| Office expenses | $7,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,108 |
| 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 | $0 |
| Total functional expenses | $71,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,569 |
| 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 | $117,449 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $117,449 |
| Net assets with donor restrictions | $0 |
| 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 | $117,449 |