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Detroit Economic Club

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 380508823 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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Overview

What is Detroit Economic Club?

The Detroit Economic Club, established in 1934, is a nonprofit organization situated in Detroit, Michigan. With a small team of seven dedicated individuals, this organization serves as a platform for the debate and discussion of significant business, government, and social issues. Their activities primarily involve hosting speaker meetings, where they invite influential figures such as CEOs, government officials, and authors to share their perspectives and engage in meaningful dialogue. These meetings are primarily held in-person, with a few exceptions for virtual events, offering a diverse range of viewpoints on contemporary issues.


Official website here: www.econclub.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 83% (Three-Star out of Four Stars)

The Detroit Economic Club has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a high score of 83%, the organization benefits from an independent board of directors, with 98% of its members meeting independence criteria. The club's financial management is further reflected in its perfect score for audit oversight, a strong liabilities-to-assets ratio of 0.00%, and a significant portion of expenses allocated towards programs.

While the organization displays notable strengths in governance and financial practices, there are areas for improvement. The absence of a whistleblower policy and missing documentation for retention and destruction policies suggest that the club could enhance its accountability framework. These gaps may impact stakeholders’ trust, although they do not overshadow the positive elements of its financial health and governance structure.

Overall, the Detroit Economic Club demonstrates a commitment to effective management and transparency, which is essential for nonprofit organizations. By addressing the noted limitations, it could further strengthen its operations and public perception.


This AI summary has been generated from information found on Charity Navigator.

Is Detroit Economic Club legitimate?

Detroit Economic Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Economic Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $425,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,067

For more financial information, click here


Official website here: www.econclub.org

What is the mission statement of Detroit Economic Club?

The Detroit Economic Club, established in 1934, has a mission to serve as a platform for the debate and discussion of significant business, government, and social issues of the day. This organization provides a setting where speakers, such as CEOs, government officials, and authors, engage in thoughtful discourse on these topics. By hosting speaker meetings, both in-person and virtually, the Detroit Economic Club fosters an environment that encourages the exploration and exchange of ideas, contributing to informed decision-making and productive dialogue.


Official website here: www.econclub.org

Who is the CEO of Detroit Economic Club?

Steve Grigorian is the CEO of Detroit Economic Club The CEO's salary of Detroit Economic Club is $369,100 and their total compensation is $415,814.


Official website here: www.econclub.org

What is the revenue of Detroit Economic Club?

Detroit Economic Club's revenue in 2024 was $1,830,273.


Official website here: www.econclub.org

Who are the executives of Detroit Economic Club and what are their salaries?

The average compensation at Detroit Economic Club during 2024 was $100,221. There are 8 employees and 128 volunteers at Detroit Economic Club.

Here are 94 key members and their salaries (Detroit Economic Club's CEO's salary is $369,100 and their total compensation is $415,814):


Steve Grigorian (Director, President & Ceo)
  • Compensation: $369,100
  • Related: $0
  • Other: $46,714
Sandra Pierce (Executive Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Culler (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Gudritz (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Mendola (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roderick Gillum (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Acciavatti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Alberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Andrews Espy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Apsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Avery Nichols (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neveen Awad (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Barra (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable Sandy Baruah (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable Jocelyn Benson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hussein Berry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Bickers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Cassin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Cawley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Chappell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Codd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Crain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dauch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ric Devore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Congresswoman Debbie Dingell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Donofrio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Douglas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable Michael Duggan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Elliott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Emerson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Fikany (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Finateri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Fischer Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Fitterling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Foltyn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Ford Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Freese Decker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mindi Fynke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Gerson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable Yousif Ghafari (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Gilbert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Girodat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Hampson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Hermanoff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Homberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Hubbard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Ilitch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yasmeen Jasey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Jecmen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hans-Werner Kaas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Karmanos Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Jay Kaufman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angie Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Killeen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronia Kruse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Land (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Loepp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Maibach Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Mcclure (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Michaels (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Miles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Nicholson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Norcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Santa Ono (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Parent (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Penske (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Ora Pescovitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Polk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Powe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Proppe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Provenzano Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Quigley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Rakolta Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Rhadigan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Riney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andra Rush (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Mark Saffer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzy Siegle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Tarek Sobh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Solek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herbert Strather (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duane Tarnacki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arn Tellem (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Praveen Thadani (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Tinsley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Tish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Voigt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Weaver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonard Wolfe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.econclub.org

Where can I find the form 990 for Detroit Economic Club?

Detroit Economic Club's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.econclub.org

Learn more at the official website: www.econclub.org

Mission Statement of Detroit Economic Club

The Detroit Economic Club, established in 1934, has a mission that centers around providing a platform for the discussion and debate of significant business, government, and social issues of contemporary relevance. By inviting prominent speakers such as CEOs, government officials, and authors, the Detroit Economic Club serves as a hub for stimulating dialogues that shape the discourse on pressing matters of interest. These engagements aim to foster an environment where diverse perspectives can be shared and collectively address the challenges and opportunities that emerge in the modern world.

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Impact



July, 2024

The Detroit Economic Club plays a significant role in fostering discussions and debates on key business, government, and social issues. Through its speaker meetings featuring CEOs, government officials, and authors, the club provides a platform for important conversations that impact the local and national community. The DEC's long-standing mission since its establishment in 1934 underscores its commitment to facilitating dialogue that shapes economic decisions, policy directions, and societal progress.



This information is meant to be a general summary of Detroit Economic Club. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,830,273 (2024)
Expenses
$1,903,809 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $108,187
  • Program Service Revenue: $225,115
  • Gross Receipts: $1,830,273

Assets and Liabilities:

  • Total Assets: $3,415,666
  • Total Liabilities: $42,000
  • Net Assets: $3,373,666

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LUNCHEON RECEIPTS

Revenue

$225,115

Organization Details

Founding Year

1934

Principal Officer

Steve Grigorian

Website

www.econclub.org

NTEE Category

Code: V22Z - Social research

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