Overview
What is Detroit Chapter Of The Turnaround Management Association?
The Detroit Chapter of the Turnaround Management Association is a nonprofit organization, established with the purpose of providing educational opportunities for its members and the turnaround community. Based in Royal Oak, Michigan, the association operates under Section 501(C)(6) of the Internal Revenue Code, ensuring its earnings do not benefit its members or private individuals. The primary mission of this organization is to offer programs and events, ensuring continued excellence in serving its clients. Through these initiatives, the Detroit Chapter aims to contribute positively to the turnaround community, fostering growth and development in the field.
Official website here: www.turnaround.org
Is Detroit Chapter Of The Turnaround Management Association legitimate?
Detroit Chapter Of The Turnaround Management Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Detroit Chapter Of The Turnaround Management Association 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.
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Official website here: www.turnaround.org
What is the mission statement of Detroit Chapter Of The Turnaround Management Association?
The Detroit Chapter of the Turnaround Management Association is organized as a non-profit organization, falling under the category of a "business league" as defined by Section 501(C)(6) of the Internal Revenue Code of 1986. Its primary objective is to ensure that no part of its earnings benefits its members, directors, officers, or other private individuals, maintaining a non-profit status. The association is prohibited from engaging in activities not permitted for an association exempt from federal income tax under the same section.
Official website here: www.turnaround.org
Who is the CEO of Detroit Chapter Of The Turnaround Management Association?
John Trendell Ii is the President of Detroit Chapter Of The Turnaround Management Association.
Official website here: www.turnaround.org
What is the revenue of Detroit Chapter Of The Turnaround Management Association?
Detroit Chapter Of The Turnaround Management Association's revenue in 2022 was $189,987.
Official website here: www.turnaround.org
Who are the executives of Detroit Chapter Of The Turnaround Management Association and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.turnaround.org
Where can I find the form 990 for Detroit Chapter Of The Turnaround Management Association?
Detroit Chapter Of The Turnaround Management Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.turnaround.org
Learn more at the official website: www.turnaround.org
Mission Statement of Detroit Chapter Of The Turnaround Management Association
The Detroit Chapter of the Turnaround Management Association is established with a purpose that aligns with the definition of a "business league" as per Section 501(C)(6) of the Internal Revenue Code of 1986. This organization operates on a non-profit basis, ensuring that its earnings do not benefit its members, directors, officers, or private individuals. The association is strictly prohibited from engaging in activities that are not permitted for organizations exempt from federal income tax under Section 501(C)(6). In essence, the Detroit Chapter of the Turnaround Management Association is structured to serve a business-oriented purpose, while maintaining its non-profit status and adhering to the regulations set forth by the Internal Revenue Code.
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Impact
October, 2024
The Detroit Chapter of the Turnaround Management Association significantly impacts the local and broader business community by providing essential educational opportunities and resources for professionals involved in turnaround management. Through its various programs and events, the chapter facilitates networking, knowledge sharing, and skill development among its members, enabling them to deliver excellent service to their clients.
This collective focus on education and professional growth fosters a culture of collaboration and innovation within the turnaround industry. Members gain access to valuable insights and best practices, which enhance their ability to navigate complex challenges and implement effective solutions for distressed organizations. The chapter’s commitment to excellence not only aids individual members in their professional journeys but also contributes to the overall resilience and revitalization of struggling businesses in the region.
The Detroit Chapter serves as a pivotal hub for professionals seeking to improve their capabilities, thereby enhancing the turnaround management landscape. This, in turn, supports economic stability and growth within the community, amplifying the chapter’s influence in shaping the future of turnaround practices.
This information is meant to be a general summary of Detroit Chapter Of The Turnaround Management Association. 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 2022.
- Investment Income: $11
- Program Service Revenue: $98,174
- Gross Receipts: $189,987
Assets and Liabilities:
- Total Assets: $211,594
- Total Liabilities: $0
- Net Assets: $211,594
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REVENUE
Revenue
$98,174
Organization Details
Founding Year
1994
Phone
(248) 817-2425Principal Officer
John Trendell Ii
Main Address
316 S VERMONT, ROYAL OAK, MI, 48067
Website
www.turnaround.orgNTEE Category
Code: Z99 - Unknown
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