Overview
What is Detroit Athletic Club Foundation?
The Detroit Athletic Club Foundation, located in Detroit, Michigan, is a nonprofit organization that is committed to enhancing the city and its surrounding areas. Their primary goal is to raise and allocate funds for various purposes, including the beautification of Detroit, supporting programs for public safety, and improving the overall well-being of Michigan and southeastern Michigan. Additionally, the foundation focuses on promoting academic and athletic achievement, offering scholarships and recognizing high school athletes through awards nights. In line with their mission, the foundation hosts events such as the Michigan High School Athlete of the Year Awards Night and Boxing Night. Furthermore, they grant funds to organizations that share their mission, thereby furthering their impact in the community.
Official website here: www.thedac.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star Rating
The Detroit Athletic Club Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. With a perfect score in accountability and finance, the organization demonstrates high standards in governance and transparency, which is crucial for building donor trust.
One of the notable strengths of the foundation is its fully independent board, which fosters good governance practices. The organization has established comprehensive policies, such as conflict of interest and whistleblower policies, all of which contribute to its overall integrity. Furthermore, the foundation maintains a high program expense ratio of 86.85%, ensuring that the majority of funds are directed towards fulfilling its mission.
However, while the foundation has excelled in financial accountability, detailed insights into programmatic effectiveness are not provided in the available data. This lack of information may leave potential donors wondering about the direct impact of the foundation's programs and initiatives. Overall, the Detroit Athletic Club Foundation showcases strong financial practices, but a clearer picture of its program outcomes would enhance its appeal to supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Detroit Athletic Club Foundation legitimate?
Detroit Athletic Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Athletic Club 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.
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For more financial information, click here
Official website here: www.thedac.com
What is the mission statement of Detroit Athletic Club Foundation?
The Detroit Athletic Club Foundation's mission is centered around raising and utilizing funds for various purposes. Primarily, it aims to enhance the beauty of its vicinity and support programs related to public safety. Additionally, the foundation contributes to the improvement of the community and awards scholarships to encourage academic and athletic achievement. Its activities also involve promoting academic and athletic accomplishments through events such as the Michigan High School Athlete of the Year Awards Night and Boxing Night. Furthermore, the foundation grants funds to organizations that align with its mission.
Official website here: www.thedac.com
Who is the CEO of Detroit Athletic Club Foundation?
Matthew Pappas is the President of Detroit Athletic Club Foundation.
Official website here: www.thedac.com
What is the revenue of Detroit Athletic Club Foundation?
Detroit Athletic Club Foundation's revenue in 2022 was $821,319.
Official website here: www.thedac.com
Who are the executives of Detroit Athletic Club Foundation and what are their salaries?
There 16 volunteers at Detroit Athletic Club Foundation.
Here are 23 key members and their salaries:
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- Related: $61,635
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- Related: $293,508
- Other: $5,441
Official website here: www.thedac.com
Where can I find the form 990 for Detroit Athletic Club Foundation?
Detroit Athletic Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thedac.com
Learn more at the official website: www.thedac.com
Mission Statement of Detroit Athletic Club Foundation
The Detroit Athletic Club Foundation is committed to raising and utilizing funds to enhance the beauty of its surrounding area, support programs for public safety, and improve the well-being of Detroit, Michigan, and southeastern Michigan. Additionally, the organization aims to promote academic and athletic achievement by providing scholarships and fostering excellence in these areas. To achieve its objectives, the foundation conducts various events, such as the Michigan High School Athlete of the Year Awards Night and Boxing Night. Furthermore, it awards grants to organizations that share its mission of promoting academic and athletic achievement. The Detroit Athletic Club Foundation's efforts contribute to the betterment of the community and the advancement of its residents.
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Impact
July, 2024
The Detroit Athletic Club Foundation's impact is significant in the community, as it works to raise and expend funds for the beautification, support of programs for public safety, and improvement of Detroit, Michigan and Southeastern Michigan. Additionally, the foundation supports the award of scholarships and promotes academic and athletic achievement. Through events like the Michigan High School Athlete of the Year Awards Night and Boxing Night, the foundation actively promotes academic and athletic excellence. Grants awarded to various organizations further amplify the foundation's mission, contributing to the overall improvement and well-being of the region.
This information is meant to be a general summary of Detroit Athletic Club 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 2022.
- Investment Income: $58,457
- Gross Receipts: $979,789
Assets and Liabilities:
- Total Assets: $5,139,136
- Total Liabilities: $55,262
- Net Assets: $5,083,874
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Organization Details
Founding Year
1999
Phone
(313) 963-9200Principal Officer
Matthew Pappas
Main Address
241 MADISON AVE, DETROIT, MI, 48226
Website
www.thedac.comNTEE Category
Code: B82 - Education
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