Drcfa Art Foundation FY2020 filing

Detroit, MIUnknown exempt organizationEIN 47-2381536Revenue $159K in FY2020

On file with the IRSdrcfa.orgOne Washington Boulevard · Detroit, MI

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The mission is to care for and enhance the Art collection at tcf center in detroit.

28¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $240K a year · 86% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
28%
of spending
Concern: 28% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
53 mo
of spending, in cash
Looks good: 52.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
Spent
$24K
To programs
28%
Net assets
$904K
By yearFY2020–FY2023
Revenue
$159K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$159K
FY2021$294K
FY2022$386K
FY2023$41K
Expenses
$24K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$24K
FY2021$25K
FY2022$69K
FY2023Not on file
Net assets
$904K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$904K
FY2021$1.2M
FY2022$1.5M
FY2023$0

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

28 cents of each dollar spent went to programs.

Program services 28% · $7K Management & general 72% · $17K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Drcfa Art 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 15aNo

Programs and updates

Enhances and cares for TCF Center's art collection in Detroit.

Questions for Drcfa Art Foundation

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Provided by the organization

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1 program · $7K · in their own filed words · FY2019
01

Art acquisitions

$7Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$159K
Investment incomeLn 3$3
Money outPt IX
$24K
Ln 25
Programscol B$7K
Managementcol C$17K
Owns and owesPt X
$904K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$904K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$159K
Government grantsLn 1e$139K
Investment incomeLn 3$3
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$104K
Cash and savings togetherLn 1–2$104K
Other assetsLn 15$799K
Total assetsLn 16$904K
LiabilitiesLn 26$0
Net assetsLn 32$904K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderSeptember
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$5K$104K
Total assetsLn 16$768K$904K
LiabilitiesLn 26$0$0
Net assetsLn 32$768K$904K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$2K$2K
Conferences, conventions and meetingsLn 19$2K$2K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$24K$7K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $41K$0 990 PDF
FY2022 $386K$69K$317K$1.5M 990 PDF
FY2021 $294K$25K$269K$1.2M 990 PDF
FY2020 Viewing $159K$24K$136K$904K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $159,249 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,950$159,246
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$3
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $105,950$159,249
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $61,393$23,675
I-18 Total expensesPrior year $61,393$23,675
I-19 Revenue less expensesPrior year $44,557$135,574
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $159,249 across 5 lines filed
VIII-1e Government grants$139,196
VIII-1f All other contributions, gifts and grants$20,050
VIII-1h Total contributions, gifts and grants$159,246
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3$159,249
Part IX · Statement of functional expenses $23,675 across 5 lines filed
IX-11c Accounting feesManagement $10,835$10,835
IX-11g Other fees for servicesManagement $1,500$1,500
IX-13 Office expensesManagement $2,141$2,141
IX-19 Conferences, conventions and meetingsManagement $2,491$2,491
IX-24 Other expenses (24a–d)Programs $6,708$6,708
IX-25 Total functional expensesPrograms $6,708 · Management $16,967 · Fundraising $0$23,675
Part X · Balance sheet $903,618 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $5,249$104,430
X-15 Other assetsStart of year $762,795$799,188
X-16 Total assetsStart of year $768,044$903,618
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $768,044$902,556
X-28 Net assets with donor restrictions$1,062
X-32 Total net assets or fund balancesStart of year $768,044$903,618
X-33 Total liabilities and net assetsStart of year $768,044$903,618
Part XI · Reconciliation of net assets $903,618 net assets at year end
XI-1 Total revenue$159,249
XI-2 Total expenses$23,675
XI-3 Revenue less expenses$135,574
XI-4 Net assets at start of year$768,044
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$903,618

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

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