Detroit Economic Growth Corporation

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

EIN: 382192028 ✦ Detroit, MI ✦ Designated as a 501(c)(4)

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Overview

What is Detroit Economic Growth Corporation?

The Detroit Economic Growth Corporation, based at 500 Griswold, Suite 2200, Detroit, MI 48226, is a nonprofit organization committed to fostering economic growth and revitalization within the city. With a team of 69 dedicated individuals, their mission is to initiate and sustain activities that stimulate the city's economic expansion. The corporation does not specify the exact nature of these activities but emphasizes their importance in revitalizing Detroit.


Official website here: www.degc.org

Is Detroit Economic Growth Corporation legitimate?

Detroit Economic Growth Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Detroit Economic Growth Corporation 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: $1,429,101
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,233,273

For more financial information, click here


Official website here: www.degc.org

What is the mission statement of Detroit Economic Growth Corporation?

The Detroit Economic Growth Corporation's mission is centered around promoting economic growth within its scope. This organization engages in activities aimed at stimulating economic expansion and revitalization in the city. Their primary goal is to foster an environment that encourages economic development and growth, ultimately seeking to enhance the city's overall economic well-being.


Official website here: www.degc.org

Who is the CEO of Detroit Economic Growth Corporation?

Kevin Johnson is the President And C.E.O. of Detroit Economic Growth Corporation.


Official website here: www.degc.org

What is the revenue of Detroit Economic Growth Corporation?

Detroit Economic Growth Corporation's revenue in 2022 was $10,420,774.


Official website here: www.degc.org

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

The average compensation at Detroit Economic Growth Corporation during 2022 was $82,063. There are 69 employees at Detroit Economic Growth Corporation.


Here are 43 key members and their salaries:


Kevin Johnson (President And C.E.O.)
  • Compensation: $296,724
  • Related: $0
  • Other: $44,836
Conrad Mallett (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marvin Beatty (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Blanchard (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andra Rush (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Tyson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacci Woods (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mikyia Aaron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Blaskiewicz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kofi Bonner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charity Dean (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eva Garza Dewaelsche (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Duggan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Sherard Freeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mohamad Hammoud (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth L Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dimitrius Hutcherson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George W Jackson Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marshal S Kleven (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Larson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Mclauchlan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David E Meador (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrell Middleton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adelaide Pascaris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Pasky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Sheffield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ned Staebler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Stallworth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Stovall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terence A Thomas Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Tomczak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Torgow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Vella (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen W Long Jr (Exec. V-P Of Admin. And C.F.O.)
  • Compensation: $224,020
  • Related: $0
  • Other: $47,263
Kenyetta Hairston-Bridges (Exec. V-P, Econ. Dev. And Inv. Serv.)
  • Compensation: $189,938
  • Related: $0
  • Other: $42,142
Amanda Hanlin (Chief Of Staff)
  • Compensation: $113,764
  • Related: $0
  • Other: $37,276
Pierre Batton (Vice-President, Small Business)
  • Compensation: $187,410
  • Related: $0
  • Other: $33,320
Rebecca Navin (General Counsel)
  • Compensation: $178,499
  • Related: $0
  • Other: $42,095
Malinda Jenson (Senior V-P, Governmental Affairs)
  • Compensation: $132,821
  • Related: $0
  • Other: $24,379
Mark Denson (Sr. Dir., Strategy And Operations)
  • Compensation: $112,484
  • Related: $0
  • Other: $31,394
David White (Sr. Dir., Business Development)
  • Compensation: $108,446
  • Related: $0
  • Other: $34,726
Elizabeth Hamburger (Interim V-P, Small Business)
  • Compensation: $108,465
  • Related: $0
  • Other: $30,954


Official website here: www.degc.org

Where can I find the form 990 for Detroit Economic Growth Corporation?

Detroit Economic Growth Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.degc.org

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

Mission Statement of Detroit Economic Growth Corporation

Detroit Economic Growth Corporation, abbreviated as DEGC, is dedicated to fostering economic growth within the city of Detroit. Their mission is centered around promoting activities that stimulate economic development and revitalization within the city. By undertaking various initiatives, DEGC works tirelessly to enhance the economic landscape of Detroit, ultimately contributing to its overall prosperity.

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Impact



October, 2024

The Detroit Economic Growth Corporation (DEGC) has a significant impact on the city's economic landscape by promoting initiatives that drive growth and revitalization. Through its activities, DEGC plays a crucial role in attracting investment, supporting local businesses, and fostering job creation.

By focusing on community improvement, DEGC works to enhance the overall quality of life in Detroit, making it a more attractive place for both residents and investors. Its efforts contribute to the development of infrastructure, the revitalization of neighborhoods, and the promotion of collaboration among stakeholders. Through strategic planning and support of various projects, DEGC not only aids in economic development but also helps to cultivate a vibrant community that drives long-term prosperity for Detroit and its residents.



This information is meant to be a general summary of Detroit Economic Growth Corporation. 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
$10,420,774 (2022)
201120122013201420152016201720182019202020212022$0$3M$6M$9M$12M
Expenses
$8,819,151 (2022)
201120122013201420152016201720182019202020212022$0$3M$6M$9M$12M
Efficiency
2011201220132014201520162017201820192020202120220%15%30%45%67%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $68,905
  • Program Service Revenue: $8,658,139
  • Gross Receipts: $10,420,774

Assets and Liabilities:

  • Total Assets: $7,209,211
  • Total Liabilities: $177,786
  • Net Assets: $7,031,425

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Programs

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

CONTRACT INCOME

Revenue

$8,413,757

SERVICE FEES

Revenue

$192,024

INTEREST ON LOANS

Revenue

$52,358

Organization Details

Founding Year

1978

Phone

(313) 963-2940

Principal Officer

Kevin Johnson

Main Address

500 GRISWOLD 2200, DETROIT, MI, 482263480

Website

www.degc.org

NTEE Category

Code: S30 - Community improvement

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