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Dearborn Area Chamber Foundation FY2020 filing

Tax-deductible

Dearborn, MI501(c)(3)Community Development EIN 31-0122033Revenue $360K in FY2020

On file with the IRSdearbornareachamber.org22100 Michigan Ave, 48124-2205 · Dearborn, MITax-exempt since Dec 1990Publicly supported charity — 170(b)(1)(A)(vi)

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To actively develop promote and assist members in achieving their business objectives while strengthening the partnership between communities business and municipalties

501(c)(3) charity; gifts are tax-deductible.
0¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
<0.01%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $750
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$410K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$360K
Spent
$350K
To programs
<0.01%
Net assets
$123K
By yearFY2020–FY2024
Revenue
$360K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$360K
FY2021$3K
FY2022$21
FY2023Not on file
FY2024Not on file
Net assets
$123K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$123K
FY2021$1K
FY2022$2K
FY2023$1K
FY2024$1K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

0 cents of each dollar spent went to programs.

Program services 0% · $34 Management & general 100% · $350K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
$63,071Pt VII · Sec A
Mo Hider
Vice C Hair
$0Pt VII · Sec A
Alan Osborne
Vice Chair
$0Pt VII · Sec A
Hassan Bazzi
Vice Chair
$0Pt VII · Sec A
Mike Bewick
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
David Claeys
Director
$0Pt VII · Sec A
Steve Henry
Director
$0Pt VII · Sec A

Jacqueline Lovejoy’s $63K as President is at the 91st percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Dearborn Area Chamber Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps members achieve business goals by fostering partnerships between communities, businesses, and municipalities.

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Provided by the organization

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1 program · $34 · in their own filed words · FY2020
01

Providing leadership by developing a unified voice for memeber business through promotion assistance and development of parterships in our community

$34program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Dte Energy FoundationFY2020$750
Total grants receivedfrom 1 funder$750

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$360K
Ln 12
Gifts and grantsLn 1h$166K
Fees for servicesLn 2g$138K
Other incomeLn 4–11$56K
Money outPt IX
$350K
Ln 25
Programscol B$34
Managementcol C$350K
Owns and owesPt X
$123K
net assets · Ln 32
Cash and savingsLn 1–2$282K
Total assetsLn 16$533K
LiabilitiesLn 26$410K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$166K
Government grantsLn 1e$24K
Fees for servicesLn 2g$138K
Investment incomeLn 3$106
Other incomeLn 4–11$56K
Total revenueLn 12$360K
Assets in detailPt X, end of year
CashLn 1$282K
Cash and savings togetherLn 1–2$282K
Total assetsLn 16$533K
LiabilitiesLn 26$410K
Net assetsLn 32$123K
OperationsPt I, VI
EmployeesI 54
VolunteersI 627
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$105K$282K
Total assetsLn 16$302K$533K
LiabilitiesLn 26$190K$410K
Net assetsLn 32$112K$123K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$63K
Other salaries and wagesLn 7$123K$123K
Payroll taxesLn 10$14K$14K
Lobbying feesLn 11d$24K$24K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$22K$22K
OccupancyLn 16$7K$7K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$634$634
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$8K$34$8K
All other expensesLn 24e$64K$64K
Total functional expensesLn 25$350K$34$350K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1K 990 PDF
FY2023 $1K 990 PDF
FY2022 $21$2K 990 PDF
FY2021 $3K$1K 990 PDF
FY2020 Viewing $360K$350K$10K$123K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $360,269 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $168,289$166,264
I-9 Program service revenuePrior year $117,211$137,990
I-10 Investment incomePrior year $77$106
I-11 Other revenuePrior year $124,110$55,909
I-12 Total revenuePrior year $409,687$360,269
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $260,793$199,800
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $136,656$150,077
I-18 Total expensesPrior year $397,449$349,877
I-19 Revenue less expensesPrior year $12,238$10,392
Part VI · Governance 27 of 27 board members independent, 3 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $360,269 across 8 lines filed
VIII-1b Membership dues$142,264
VIII-1e Government grants$24,000
VIII-1h Total contributions, gifts and grants$166,264
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$137,990
VIII-3 Investment income$106
VIII-8 Net income from fundraising events$39,003
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$16,906
VIII-12 Total revenue$360,269
Part IX · Statement of functional expenses $349,877 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $63,071$63,071
IX-7 Other salaries and wagesManagement $122,535$122,535
IX-10 Payroll taxesManagement $14,194$14,194
IX-11d Lobbying feesManagement $23,535$23,535
IX-11g Other fees for servicesManagement $11,080$11,080
IX-12 Advertising and promotionManagement $1,809$1,809
IX-13 Office expensesManagement $21,630$21,630
IX-16 OccupancyManagement $7,244$7,244
IX-17 TravelManagement $2,354$2,354
IX-19 Conferences, conventions and meetingsManagement $2,543$2,543
IX-20 InterestManagement $634$634
IX-23 InsuranceManagement $7,154$7,154
IX-24 Other expenses (24a–d)Programs $34 · Management $7,646$7,680
IX-24e All other expensesManagement $64,414$64,414
IX-25 Total functional expensesPrograms $34 · Management $349,843 · Fundraising $0$349,877
Part X · Balance sheet $532,824 assets, 10 lines filed
Asset lines not itemized here account for $4,800; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $104,933$281,793
X-4 Accounts receivableStart of year $185,785$238,388
X-9 Prepaid expenses and deferred chargesStart of year $8,715$7,843
X-16 Total assetsStart of year $301,933$532,824
X-17 Accounts payable and accrued expensesStart of year $2,488$1,195
X-19 Deferred revenueStart of year $187,053$258,845
X-25 Other liabilities$150,000
X-26 Total liabilitiesStart of year $189,541$410,040
X-32 Total net assets or fund balancesStart of year $112,392$122,784
X-33 Total liabilities and net assetsStart of year $301,933$532,824
Part XI · Reconciliation of net assets $122,784 net assets at year end
XI-1 Total revenue$360,269
XI-2 Total expenses$349,877
XI-3 Revenue less expenses$10,392
XI-4 Net assets at start of year$112,392
XI-10 Net assets at end of year$122,784

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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