Detroit Experience Factory
- Assets
- $12.6k
- Revenue
- $215.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Detroit, MI
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2696152
Organization Overview
Detroit Experience Factory is located in Detroit, MI. The organization was established in 2019. 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 12/2021, Detroit Experience Factory employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Experience Factory 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 12/2021, Detroit Experience Factory generated $215.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $222.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (30.4%) per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DETROIT EXPERIENCE FACTORY IS A LEADING RESOURCE FOR BOTH VISITORS AND LOCALS TO DISCOVER, EXPERIENCE AND LEARN ABOUT THE PEOPLE, PLACES AND PROJECTS AROUND THE CITY OF DETROIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DETROIT CONCIERGE PROGRAM PROVIDES LOCAL EXPERTS TO ENSURE YOUR GUESTS HAVE THE BEST DETROIT EXPERIENCE POSSIBLE. SERVICES INCLUDE PROVIDING A POP-UP WELCOME CENTER (SHARING RECOMMENDATIONS ON THINGS TO DO, CONNECTING PEOPLE WITH RESOURCES, AND ANSWERING QUESTIONS ABOUT DETROIT), GREETING AND WELCOMING GUESTS, STAFFING AN INFORMATION OR REGISTRATION TABLE, AND DIRECTING GUESTS TO ON-SITE OR OFF-SITE EVENTS.
OUR TOUR PROGRAM GIVES YOU AN INSIDE LOOK INTO THE NEIGHBORHOODS, LANDMARKS AND BUSINESSES THAT MAKE UP DETROIT'S PAST AND PRESENT. OUR TOUR GUIDES LIVE, WORK, AND PLAY IN DETROIT OFFERING AN INDIVIDUALIZED PERSPECTIVE ON EACH TOUR WHILE ALSO COVERING A WIDE RANGE OF NARRATIVES. EXPECT TO HEAR FROM BUSINESSES OWNERS AND RESIDENTS WHERE APPLICABLE FOR DIVERSE STORIES AND PERSPECTIVES.
OFFERINGS INCLUDE LEARNING JOURNEYS, IN-DEPTH EXPERIENCES THAT FOCUS ON DETROIT AS A CLASSROOM INCLUDING SITE VISITS, PANEL DISCUSSIONS, AND CASE STUDIES; THE CITY EXPERIENCE PROGRAM, ADVICE AND RESOURCES TO HELP CITIES CRAFT INTERACTIVE EXPERIENCES THAT CONNECT LOCALS AND NEWCOMERS TO THE PEOPLE, PLACES AND PROJECTS THAT MAKE EACH CITY UNIQUE; AND KEYNOTES AND WORKSHOPS, PRESENTATIONS AND INTERACTIVE WORKSHOPS TO SHARE DETROIT'S LESSONS LEARNED AT EVENTS AND CONFERENCES LOCALLY AND AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanette Pierce Founder - Executive Director | Officer | 40 | $54,000 |
Izegbe N N'namandi Board President | OfficerTrustee | 0.5 | $0 |
Kailey Poort Board Vice President | OfficerTrustee | 0.5 | $0 |
Katherine Baker Board Treasurer | OfficerTrustee | 0.5 | $0 |
Christianne Malone Board Secretary | OfficerTrustee | 0.5 | $0 |
Carlos Spearman Board Member | Trustee | 0.5 | $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 | $127,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,450 |
| Total Program Service Revenue | $86,243 |
| 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 | $1,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,086 |
| 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. | $47,692 |
| Compensation of current officers, directors, key employees. | $9,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,941 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,980 |
| Payroll taxes | $6,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,827 |
| Advertising and promotion | $169 |
| Office expenses | $1,335 |
| Information technology | $7,519 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,080 |
| All other expenses | $0 |
| Total functional expenses | $221,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,850 |
| 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 | $701 |
| 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 | $12,553 |
| Accounts payable and accrued expenses | $243 |
| 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 | $241,502 |
| Other liabilities | $0 |
| Total liabilities | $241,745 |
| Net assets without donor restrictions | -$229,192 |
| 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 | $12,553 |