Challenge Detroit
- Assets
- $320.5k
- Revenue
- $481.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Royal Oak, MI
- Founding
- 06/2012
- Data as of
- 06/2022
- EIN
- 45-3790122
Organization Overview
Challenge Detroit is located in Royal Oak, MI. The organization was established in 2012. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Challenge Detroit employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challenge 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 06/2022, Challenge Detroit generated $481.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $338.3k during the year ending 06/2022. While expenses have increased by 0.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RETAIN AND ATTRACT YOUNG LEADERS FROM ACROSS THE NATION TO THE REGION WHO HAVE THE COURAGE, PASSION, AND DRIVE TO MAKE A DIFFERENCE, AND TO PROVIDE THEM WITH THE OPPORTUNITY TO COLLABORATE AND LEND THEIR INTELLECTUAL CAPITAL TO PHILANTHROPIC CHALLANGES THAT WILL CONTRIBUTE TO THE GROWTH AND REVITALIZATION OF THE GREATER DETROIT REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHALLENGE DETROIT IS A YEAR-LONG, MULTI-DISCIPLINARY FELLOWSHIP PROGRAM THAT CULTIVATES DIVERSE, INNOVATIVE, COMMUNITY-MINDED LEADERS FROM THE CITY AND ACROSS THE COUNTRY, FOSTERING THEIR TALENTS TO INTELLECTUALLY SUPPORT LOCAL INITIATIVES THAT MOVE DETROIT FORWARD. FOR THE 2021-2022 PROGRAM YEAR, 90 TOP APPLICANTS WERE SELECTED TO PARTICIPATE IN A RECRUITING EVENT IN DETROIT. 41 OF THESE INDIVIDUALS WERE SELECTED TO BE HIRED BY CHALLENGE DETROIT EMPLOYER ORGANIZATIONS (HOST COMPANIES) FOR ONE YEAR. THOSE INDIVIDUALS, THE FELLOWS, SPEND FOUR DAYS A WEEK ACCELERATING THEIR CAREERS WITH THE HOST COMPANIES, AND, EACH FRIDAY, TAKE A DAY OUT OF THE OFFICE TO BRING SOCIAL IMPACT CHALLENGE PROJECTS TO LIFE IN COLLABORATION WITH LOCAL NONPROFIT PARTNERS AND CHALLENGE DETROIT. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.THEY WORK IN MULTI-DISCIPLINARY TEAMS, BRINGING THEIR VISION, CREATIVE MUSCLES, AND ENTREPRENEURIAL SPIRITS TO ADDRESS SOME OF DETROIT'S GREATEST CHALLENGES AND OPPORTUNITIES. WHEN FELLOWS ARE NOT WORKING ON CHALLENGE PROJECTS, THEY ARE PARTICIPATING IN ROBUST LEADERSHIP DEVELOPMENT PROGRAMMING, BUILDING SKILLS IN PROJECT MANAGEMENT, COMMUNICATIONS, DESIGN THINKING, AND BEYOND. CHALLENGE DETROIT BELIEVES THAT, TO MOVE THE CITY FORWARD, POSITIVE CHANGE STARTS WITH AN INDIVIDUAL AND IS IGNITED BY A COMMUNITY OF LEADERS WHO BRING INNOVATIVE PERSPECTIVES TO THEIR WORK AND, MOST IMPORTANTLY, THE NONPROFITS ALREADY MAKING AN IMPACT WITHIN DETROIT COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deirdre Greene Groves Executive Director And C.o.o. | Officer | 50 | $87,385 |
Tom Mark Vice-Chair | OfficerTrustee | 1 | $0 |
Doyle Mosher President | OfficerTrustee | 1 | $0 |
Tyler Tennent Secretary | OfficerTrustee | 1 | $0 |
Frank Angileri Chair | OfficerTrustee | 1 | $0 |
Brian Nuno Vice-President | OfficerTrustee | 1 | $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 | $77,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,894 |
| Total Program Service Revenue | $404,000 |
| 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 | $481,894 |
| 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. | $91,384 |
| Compensation of current officers, directors, key employees. | $45,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,301 |
| Payroll taxes | $17,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,294 |
| Advertising and promotion | $10,875 |
| Office expenses | $2,801 |
| Information technology | $12,337 |
| Royalties | $0 |
| Occupancy | $1,140 |
| 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 | $6,290 |
| All other expenses | $581 |
| Total functional expenses | $338,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,478 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $320,478 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $38,896 |
| 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 | $38,896 |
| Net assets without donor restrictions | $0 |
| 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 | $281,582 |
| Total liabilities and net assets/fund balances | $320,478 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Challenge Detroit has recieved totaling $3,022.
| Awarding Organization | Amount |
|---|---|
Teresa & Paul Spiegelman Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Southwest Michigan First Corporation Kalamazoo, MI | $10,945,070 | $8,560,798 |