Overview
What is New Detroit Inc?
New Detroit Inc, located in Detroit, Michigan, is a nonprofit organization dedicated to promoting racial understanding and equality in metropolitan Detroit. Their primary source of revenue comes from grants and contributions. The organization, with a team of five employees, has made significant strides in achieving its mission. In 2022, New Detroit Inc launched the Just Institute, serving over 500 individuals through various programs such as Just Place, Just Care, and Just Lead. They also hosted a series of Town Hall panels, featuring local and national leaders, to discuss racial equity-related topics. Moreover, New Detroit Inc hosted their inaugural Just Lead Advancing Racial Equity conference, attracting 387 attendees and renowned speaker Dr. Ibram X. Khendi. The organization further showcased its commitment to racial equity by delivering a special address at the United Nations.
Official website here: www.newdetroit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
New Detroit Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored particularly well in areas such as having a fully independent board and robust policies for audit and oversight. Their liabilities to assets ratio is commendable at 8.74%, reflecting strong financial management.
However, their program expense ratio stands at 57.45%, which suggests that a significant portion of their expenses may not be directed towards programs. This could be seen as a limitation in their financial efficiency. Additionally, while their score in equity strategies is 79 out of 100, indicating a commitment to equity, there may still be room for improvement in this area.
Overall, New Detroit Inc demonstrates strong governance and community engagement practices, scoring high in feedback collection and usage. Their commitment to transparency is evident through their well-documented policies and practices. While there are areas for potential growth, their strengths indicate a dedicated approach to their mission.
This AI summary has been generated from information found on Charity Navigator.
Is New Detroit Inc legitimate?
New Detroit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Detroit Inc 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: $344,957
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,921
For more financial information, click here
Official website here: www.newdetroit.org
What is the mission statement of New Detroit Inc?
New Detroit Inc is a non-profit organization dedicated to promoting racial understanding and racial equity in metropolitan Detroit. Their primary source of revenue comes from grants and contributions. The corporation's mission is to achieve racial equality through various initiatives. They have launched the Just Lead Advancing Racial Equity conference, which attracted 387 attendees and featured Dr. Ibram X. Khendi as a keynote speaker. Additionally, they established the Just Institute, serving over 500 individuals in the hospitality, healthcare, and leadership sectors through programs like Just Place, Just Care, and Just Lead. Furthermore, New Detroit Inc has organized Town Hall panels with local and national leaders, addressing topics related to racial equity. These events saw attendance ranging from 50 to over 400 people. They also delivered a special address on racial equity at the United Nations.
Official website here: www.newdetroit.org
Who is the CEO of New Detroit Inc?
Michael Rafferty is the President Ceo of New Detroit Inc. The CEO's salary of New Detroit Inc is $185,396 and their total compensation is $185,396.
Official website here: www.newdetroit.org
What is the revenue of New Detroit Inc?
New Detroit Inc's revenue in 2022 was $1,396,761.
Official website here: www.newdetroit.org
Who are the executives of New Detroit Inc and what are their salaries?
The average compensation at New Detroit Inc during 2022 was $109,776. There are 5 employees at New Detroit Inc.
Here are 19 key members and their salaries (New Detroit Inc's CEO's salary is $185,396 and their total compensation is $185,396):
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Official website here: www.newdetroit.org
Where can I find the form 990 for New Detroit Inc?
New Detroit Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newdetroit.org
Learn more at the official website: www.newdetroit.org
Mission Statement of New Detroit Inc
New Detroit Inc, a non-profit organization, is dedicated to achieving racial understanding and racial equity in metropolitan Detroit. This coalition of leaders operates primarily through grants and contributions, with a mission to foster an environment where all races can coexist harmoniously. The organization's principal objective is to bridge racial divides and promote equity, working towards a society where everyone has equal opportunities and rights.
To achieve its mission, New Detroit Inc engages in various activities. One of their most notable initiatives is the Just Lead Advancing Racial Equity conference, which brings together a diverse group of attendees, speakers, and thought leaders to discuss and address racial equity issues. The conference, attended by over 380 individuals, features keynote speeches and interactive sessions to foster dialogue and promote understanding.
In addition to conferences, New Detroit Inc also offers educational programs and services through the Just Institute. The Just Institute serves individuals from various industries and sectors, providing training and resources to help them advance racial equity within their respective fields. In 2022, the Just Institute served over 500 people, making a significant impact in the community.
The organization also hosts Town Hall panels, inviting local and national leaders to engage in discussions on topical issues related to racial equity. These panels attract audiences ranging from 50 to over 400 people, demonstrating the widespread interest and need for such conversations. Furthermore, New Detroit Inc has even given a special address at the United Nations, furthering its reach and influence in promoting racial equity on a global scale.
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Impact
July, 2024
New Detroit Inc's impact is significant in advancing racial equity and fostering racial understanding in metropolitan Detroit. Through initiatives like the Just Lead Advancing Racial Equity conference, the organization has been able to bring together hundreds of attendees and speakers, including influential figures like Dr. Ibram X. Kendi. The launch of the Just Institute further demonstrates their commitment to serving various industries and leaders in addressing racial equity issues. Additionally, their Town Hall panels and special address at the United Nations have provided platforms for important discussions on racial equity, reaching audiences ranging from local communities to global leaders. Overall, New Detroit Inc's efforts are making a tangible difference in promoting racial understanding and equity in the community.
This information is meant to be a general summary of New Detroit Inc. 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: $16
- Program Service Revenue: $109,250
- Gross Receipts: $1,396,761
Assets and Liabilities:
- Total Assets: $1,715,108
- Total Liabilities: $150,071
- Net Assets: $1,565,037
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$109,250
Organization Details
Founding Year
1968
Phone
(313) 664-2000Principal Officer
Michael Rafferty
Main Address
3031 W GRAND BOULEVARD APT 430, Detroit, MI, 48202
Website
www.newdetroit.orgNTEE Category
Code: S20 - Community improvement
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