Overview
What is Michigan Thanksgiving Parade Foundation?
The Michigan Thanksgiving Parade Foundation, situated in Detroit, Michigan, is a nonprofit organization dedicated to uniting people from diverse backgrounds. Their primary mission is to organize and coordinate the renowned Thanksgiving Parade, a significant event in Detroit, as well as other civic festivals. These activities aim to benefit, educate, and entertain the residents of Michigan, fostering a sense of community and combating urban deterioration. The parade serves as a unique opportunity for families to create cherished memories together. The foundation, with a team of 44 employees, operates exclusively for charitable and educational purposes, contributing to the enjoyment and enrichment of the metropolitan Detroit area and the state of Michigan.
Official website here: www.theparade.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 89% - Three-Star out of Four Star rating
The Michigan Thanksgiving Parade Foundation has received a commendable Three-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. With an overall score of 89%, the foundation demonstrates good governance practices, featuring a board composed entirely of independent members and robust financial oversight mechanisms.
Among its organizational strengths, the foundation excels in transparency and ethical practices, as evidenced by its perfect scores in areas like material diversion of assets, conflict of interest policy, and whistleblower policy. This level of accountability ensures that the organization operates with integrity, safeguarding donor contributions and fulfilling its mission effectively.
While the rating indicates solid fiscal health, with a working capital ratio suggesting a stable financial position, the organization could benefit from enhancing its programmatic visibility and impact reporting to further bolster its reputation and donor trust. Overall, the Michigan Thanksgiving Parade Foundation stands out for its commitment to governance and financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Thanksgiving Parade Foundation legitimate?
Michigan Thanksgiving Parade Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Thanksgiving Parade Foundation 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: $926,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,177,500
For more financial information, click here
Official website here: www.theparade.org
What is the mission statement of Michigan Thanksgiving Parade Foundation?
The Michigan Thanksgiving Parade Foundation's mission is centered around uniting people from diverse backgrounds and providing them with a cherished experience. It operates primarily for charitable and educational purposes by organizing and coordinating a parade and other civic festivals within a city, primarily benefiting and educating the residents of Michigan. Moreover, the foundation aims to promote the attributes of its metropolitan area and state, combating community deterioration, alleviating governmental burdens, and lessening neighborhood tensions by publicizing its programs and disseminating relevant information.
Official website here: www.theparade.org
Who is the CEO of Michigan Thanksgiving Parade Foundation?
Anthony Michaels is the Chair of Michigan Thanksgiving Parade Foundation.
Official website here: www.theparade.org
What is the revenue of Michigan Thanksgiving Parade Foundation?
Michigan Thanksgiving Parade Foundation's revenue in 2023 was $3,180,846.
Official website here: www.theparade.org
Who are the executives of Michigan Thanksgiving Parade Foundation and what are their salaries?
The average compensation at Michigan Thanksgiving Parade Foundation during 2023 was $47,825. There are 44 employees and 2400 volunteers at Michigan Thanksgiving Parade Foundation.
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- Compensation: $724,600
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Official website here: www.theparade.org
Where can I find the form 990 for Michigan Thanksgiving Parade Foundation?
Michigan Thanksgiving Parade Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theparade.org
Learn more at the official website: www.theparade.org
Mission Statement of Michigan Thanksgiving Parade Foundation
The Michigan Thanksgiving Parade Foundation's mission is centered around uniting people from various backgrounds and bringing them together to celebrate a cherished tradition, aiming to create a memory that will last a lifetime. Operating exclusively for charitable and educational purposes, this organization takes on the responsibility of sponsoring and coordinating a parade and other civic festivals within the city of Detroit. The primary objective is to benefit, educate, and provide enjoyment to the residents of Michigan.
Beyond organizing parades, the Michigan Thanksgiving Parade Foundation also works towards disseminating information about the attributes of the metropolitan Detroit area and the state of Michigan. This is done with the intention of combating community deterioration, alleviating the burdens of government, and lessening neighborhood tensions. By publicizing its programs and initiatives, the foundation strives to promote a positive image of its community and inspire a sense of pride among its residents.
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Impact
July, 2024
Michigan Thanksgiving Parade Foundation's impact is significant in uniting and bringing people from all walks of life together to celebrate the tradition of America's Thanksgiving Parade. This event creates a memorable experience for families in Detroit, where they can be entertained, share traditions, and make lasting memories. The foundation's charitable and educational mission enhances the community by sponsoring and coordinating parades and civic festivals that benefit, educate, and bring enjoyment to the residents of Michigan. Through their efforts, they combat community deterioration, relieve government burdens, and lessen neighborhood tensions, ultimately contributing to the vibrancy and cohesion of the metropolitan Detroit area and the state of Michigan.
This information is meant to be a general summary of Michigan Thanksgiving Parade Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,800
- Gross Receipts: $3,180,846
Assets and Liabilities:
- Total Assets: $8,716,734
- Total Liabilities: $0
- Net Assets: $8,716,734
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Organization Details
Founding Year
1983
Phone
(313) 923-7400Principal Officer
Anthony Michaels
Main Address
9500 MT ELLIOTT A, DETROIT, MI, 482111673
Website
www.theparade.orgNTEE Category
Code: A110 - Arts
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