Overview
What is Endeavor Detroit?
Endeavor Detroit is a nonprofit organization situated in Detroit, Michigan, specifically at 1420 WASHINGTON BLVD STE 301. Their primary mission is to foster high-impact entrepreneurship in Michigan and the broader Great Lakes region, aiming to catalyze long-term economic growth. They achieve this by identifying, mentoring, and supporting promising entrepreneurs leading high-growth businesses. In 2022, they supported 37 entrepreneurs across 21 companies, contributing hundreds of hours of mentorship and assistance in fundraising, partnerships, and business development. Endeavor Detroit's initiatives also focus on promoting diversity, equity, and inclusion in high-growth entrepreneurship, and they provide a supportive environment that has earned them an "Excellent" average rating from the entrepreneurs they serve. The organization runs the ScaleUp program, which focuses on guiding exceptional leaders of future high-impact companies to achieve their next level of growth and expansion.
Official website here: www.us.endeavor
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Endeavor Detroit has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a perfect score of 100% in various governance aspects, including having a fully independent board and comprehensive financial oversight mechanisms. This high rating indicates that Endeavor Detroit adheres to best practices in nonprofit management, ensuring responsible stewardship of donor contributions.
The nonprofit's fiscal year 2023 results showcase a program expense ratio of 72.89%, signaling that a substantial portion of its budget is directed towards its mission-related initiatives. Additionally, the organization maintains a healthy liabilities to assets ratio of 5.89%, highlighting its financial stability and effective resource management. These metrics reinforce the organization's commitment to transparency and efficiency in its operations.
There are no significant limitations noted in the data, suggesting that Endeavor Detroit is effectively managing its resources and governance. Overall, the organization demonstrates a solid track record in accountability and financial management, making it a reliable choice for donor support.
This AI summary has been generated from information found on Charity Navigator.
Is Endeavor Detroit legitimate?
Endeavor Detroit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Endeavor Detroit 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: $281,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $434,841
For more financial information, click here
Official website here: www.us.endeavor
What is the mission statement of Endeavor Detroit?
Endeavor Detroit is dedicated to spearheading the high-impact entrepreneurship movement across Michigan and the larger Great Lakes region. Their mission is to stimulate long-term economic growth by identifying, mentoring, and backing the most promising high-impact entrepreneurs in the region. These entrepreneurs possess the potential to establish high-growth businesses that foster job creation and economic impact, and they demonstrate a strong commitment to their community. By empowering these individuals, Endeavor Detroit serves as a catalyst for economic growth and inspires others to think bigger and support fellow entrepreneurs and their community.
Official website here: www.us.endeavor
What is the revenue of Endeavor Detroit?
Endeavor Detroit's revenue in 2023 was $1,166,230.
Official website here: www.us.endeavor
Who are the executives of Endeavor Detroit and what are their salaries?
The average compensation at Endeavor Detroit during 2023 was $119,430. There are 6 employees and 4 volunteers at Endeavor Detroit.
Here are 6 key members and their salaries:
- Compensation: $259,887
- Related: $0
- Other: $24,798
- Compensation: $107,004
- Related: $0
- Other: $10,309
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.us.endeavor
Where can I find the form 990 for Endeavor Detroit?
Endeavor Detroit's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.us.endeavor
Learn more at the official website: www.us.endeavor
Mission Statement of Endeavor Detroit
Endeavor Detroit, a leading entity in the high-impact entrepreneurship movement, is primarily focused on Michigan and the wider Great Lakes region. Its mission is to catalyze long-term economic growth by identifying, mentoring, and backing the most promising high-impact entrepreneurs in the region. These entrepreneurs are distinguished by their potential to establish high-growth businesses, which can stimulate job creation and contribute positively to the economy. Moreover, they demonstrate a strong sense of community commitment, setting an example for others to emulate and supporting the broader community's development. By nurturing these high-impact entrepreneurs, Endeavor Detroit serves as a catalyst for economic growth and inspires others to think big and contribute to the entrepreneurial ecosystem.
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Impact
July, 2024
Endeavor Detroit is playing a pivotal role in shaping the entrepreneurial landscape in Michigan and the wider Great Lakes region. By selecting, mentoring, and supporting high-impact entrepreneurs, Endeavor Detroit is catalyzing long-term economic growth in the region. In 2022 alone, the organization supported a portfolio of 37 entrepreneurs leading 21 companies, with Tovala being its second selection from Chicago.
Endeavor Detroit's impact extends beyond just numbers. The organization provided crucial mentorship, assistance with fundraising, access to partnerships, growth markets, and tailored business and leadership development programs. Additionally, through initiatives like the ScaleUp program, Endeavor Detroit is actively working towards advancing diversity, equity, and inclusion in high-growth entrepreneurship.
The dedication and efforts of Endeavor Detroit in 2022 have resulted in entrepreneurs consistently rating the organization's services as "Excellent." By empowering high-impact entrepreneurs to build successful, job-creating businesses and inspiring a culture of support and growth in the community, Endeavor Detroit is leaving a lasting imprint on the economic landscape of the Great Lakes region.
This information is meant to be a general summary of Endeavor Detroit. 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: $8,996
- Gross Receipts: $1,166,230
Assets and Liabilities:
- Total Assets: $946,067
- Total Liabilities: $37,091
- Net Assets: $908,976
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Organization Details
Founding Year
2014
Principal Officer
Diana Callaghan
Website
www.us.endeavorNTEE Category
Code: S31 - Community improvement
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