DETROIT ECONOMIC GROWTH CORPORATION Charity Report

Public IRS 990 nonprofit record

DETROIT ECONOMIC GROWTH CORPORATION

EIN 38-2192028 · Community Improvement & Capacity Building (S)

What they do

PROMOTION of ACTIVITIES to SPUR ECONOMIC GROWTH and REVITALIZATION IN THE CITY of DETROIT

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders48 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.91%of revenue went to mission work83.2% of expenses · Program services

$99.65spent for every $100 of revenueRevenue covered expenses this year.

16.74%of revenue went to management and office costs16.8% of expenses

$0.75in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $468,119 for KEVIN JOHNSON (PRESIDENT AND C.E.O.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$10,468,570

Mission workProgram services$8,679,72282.91% of revenue83.2% of expenses

ManagementOffice and general costs$1,752,68316.74% of revenue16.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$36,1650.35% of revenueShown in gray on the chart

Total expenses$10,432,40599.65% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.2% mission · 16.8% management · 0.0% fundraisingTotal expenses: 99.65% of revenue

2023Expense mix: 84.3% mission · 15.7% management · 0.0% fundraisingTotal expenses: 100.79% of revenue

2022Expense mix: 83.3% mission · 16.7% management · 0.0% fundraisingTotal expenses: 100.51% of revenue

2021Expense mix: 82.2% mission · 17.8% management · 0.0% fundraisingTotal expenses: 84.63% of revenue

2020Expense mix: 83.2% mission · 16.8% management · 0.0% fundraisingTotal expenses: 91.93% of revenue

2019Expense mix: 86.2% mission · 13.8% management · 0.0% fundraisingTotal expenses: 100.22% of revenue

2018Expense mix: 83.4% mission · 16.6% management · 0.0% fundraisingTotal expenses: 99.66% of revenue

2017Expense mix: 83.5% mission · 16.5% management · 0.0% fundraisingTotal expenses: 96.64% of revenue

Money in and money out

Revenue$10,468,570

Expenses$10,432,405

Annual surplus $36,165 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,679,722 · 83.2% of expenses

Management and office costs$1,752,683 · 16.8% of expenses

See all reported dollar amounts

Revenue$10,468,570

Expenses$10,432,405

Assets$7,805,036

Income$10,468,570

Mission work (program services)$8,679,722

Grants given$1,600,000

Average grant$1,600,000

Management and general$1,752,683

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEVIN JOHNSONPRESIDENT AND C.E.O. · 55 hrs/week $468,119Base $401,834 · Other $66,285

GLEN W LONG JREXEC. V-P OF ADMIN. AND C.F.O. · 50 hrs/week $329,274Base $271,351 · Other $57,923

MARLO RENCHERPRESIDENT, DETROIT MEANS BUSINESS · 50 hrs/week $288,314Base $237,966 · Other $50,348

REBECCA NAVINGENERAL COUNSEL · 50 hrs/week $280,659Base $227,992 · Other $52,667

KENYETTA HAIRSTON-BRIDGESEXEC. V-P, ECON. DEV. AND INV. SERV. · 50 hrs/week $233,732Base $206,268 · Other $27,464

DAVID WHITEVICE-PRESIDENT, BUSINESS DEVELOPMENT · 50 hrs/week $180,634Base $141,021 · Other $39,613

DAVID HOWELLSR. DIR., REAL ESTATE DEVELOPMENT · 50 hrs/week $168,400Base $146,271 · Other $22,129

KELLY SHOVANCONTROLLER · 50 hrs/week $167,048Base $130,933 · Other $36,115

SEAN GRAYVICE-PRES., SMALL BUSINESS SERVICES · 50 hrs/week $163,873Base $150,393 · Other $13,480

TIFFINI SMITHVICE-PRESIDENT, HUMAN RESOURCES · 50 hrs/week $160,057Base $121,222 · Other $38,835

JENNIFER KANALOSVICE-PRESIDENT, BOARD ADMINISTRATION · 50 hrs/week $159,746Base $143,373 · Other $16,373

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (48)

KEVIN JOHNSONPRESIDENT AND C.E.O.

GLEN W LONG JREXEC. V-P OF ADMIN. AND C.F.O.

MARLO RENCHERPRESIDENT, DETROIT MEANS BUSINESS

REBECCA NAVINGENERAL COUNSEL

KENYETTA HAIRSTON-BRIDGESEXEC. V-P, ECON. DEV. AND INV. SERV.

DAVID WHITEVICE-PRESIDENT, BUSINESS DEVELOPMENT

DAVID HOWELLSR. DIR., REAL ESTATE DEVELOPMENT

KELLY SHOVANCONTROLLER

SEAN GRAYVICE-PRES., SMALL BUSINESS SERVICES

TIFFINI SMITHVICE-PRESIDENT, HUMAN RESOURCES

JENNIFER KANALOSVICE-PRESIDENT, BOARD ADMINISTRATION

MICHAEL BICKERSDIRECTOR

MICHAEL TYSONTREASURER

MARY SHEFFIELDDIRECTOR (EX-OFFICIO)

MARVIN BEATTYDIRECTOR

MICHELLE REAVESDIRECTOR

MOHAMAD HAMMOUDDIRECTOR

MIKE DUGGANDIRECTOR (EX-OFFICIO)

MIKE MCLAUCHLANDIRECTOR

MIKYIA AARONDIRECTOR

KHALIL RAHALDIRECTOR

NATALIE KINGDIRECTOR

NEAL BISHOPDIRECTOR

NED STAEBLERDIRECTOR

RONALD STALLWORTHDIRECTOR

TERENCE A THOMAS SRDIRECTOR

TONY STOVALLDIRECTOR

YVETTE JOHNSONDIRECTOR

GEORGE W JACKSON JRDIRECTOR

ANDRA RUSHVICE-CHAIR

APRIL ANDERSONDIRECTOR

CONRAD L MALLETT JRCHAIR

DARRELL MIDDLETONDIRECTOR

DAVID E MEADORDIRECTOR

DIMITRIUS HUTCHERSONDIRECTOR

ERIC LARSONDIRECTOR

EVA GARZA DEWAELSCHEDIRECTOR

GARY TORGOWDIRECTOR

MARSHAL S KLEVENDIRECTOR

HASSAN BEYDOUNDIRECTOR (EX-OFFICIO)

JACCI WOODSSECRETARY

JAMES VELLADIRECTOR

JENNIFER DEWEYDIRECTOR

JERRY DARBYDIRECTOR

KENNETH L HARRISDIRECTOR

ALEXA TURNAGEDIRECTOR

KIMBERLY ANDREWS ESPYDIRECTOR

KOFI BONNERDIRECTOR

About this charity

Recognized since: January 1978
Location: 500 GRISWOLD ST STE 2200, DETROIT, MI 48226-4402
County: Wayne
In care of: KEVIN JOHNSON
Primary officer: KEVIN JOHNSON, PRESIDENT AND C.E.O.

How to reach them

WebsiteVisit the charity’s website Emaildegcrapapplication@degc.org Phone(313) 963-2940

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: GJC CPAS & ADVISORS
NTEE classification: Community Improvement & Capacity Building (S)
IRS tax category: Community Improvement & Capacity Building
Grant-giving organization: Yes