2024-10-25T14:19:59-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-01-01 831361974 DETROIT REGIONAL PARTNERSHIP FOUNDATION DETR 3135185600 1001 WOODWARD AVENUE 800 DETROIT MI 48226 MAUREEN DONOHUE KRAUSS PRESIDENT & CEO 3135185600 2024-10-24 1 1 SHELBY NETZ CPA P01405265 4147775500 2024-10-24 2023 2024-10-15 13:58:12Z MAUREEN DONOHUE KRAUSS 1001 WOODWARD AVENUE 800 DETROIT MI 48226 4196419 0 X WWW.DETROITREGIONALPARTNERSHIP.COM X 2018 MI THE DRPF IS AN ECONOMIC DEVELOPMENT ORGANIZATION. IT SEEKS TO MARKET THE 11-COUNTY SOUTHEAST MICHIGAN REGION TO BOTH DOMESTIC AND GLOBAL INVESTORS WITH THE GOAL OF ATTRACTING NEW BUSINESS, JOB OPPORTUNITIES AND INVESTMENT TO SOUTHEAST MICHIGAN. 23 23 35 24 0 0 8137464 3084623 0 1080264 0 13948 12518 17584 8149982 4196419 0 0 0 0 2960780 4564972 0 0 0 2577389 2599050 5538169 7164022 2611813 -2967603 7886860 5112186 1049419 1242348 6837441 3869838 X THE DRPF IS AN ECONOMIC DEVELOPMENT ORGANIZATION. IT SEEKS TO MARKET THE 11-COUNTY SOUTHEAST MICHIGAN REGION TO BOTH DOMESTIC AND GLOBAL INVESTORS WITH THE GOAL OF ATTRACTING NEW BUSINESS, JOB OPPORTUNITIES AND INVESTMENT TO SOUTHEAST MICHIGAN. 1 0 2241337 BUSINESS DEVELOPMENT: IN 2023 THE DRPF'S BUSINESS DEVELOPMENT PROGRAM CLOSED 22 NEW DEALS FOR THE REGION. THOSE WINS DROVE TOTAL REGIONAL ECONOMIC IMPACT OF $3.4B IN INVESTMENT AND CONSTRUCTION OUTPUT, 16,483 NEW JOBS CREATED OR SUPPORTED (3,784 OF THOSE BEING PATHWAY JOBS), AND OVER $1.2B CREATED AND SUPPORTED REGIONAL PAYROLL. 2192179 1080264 SPECIAL PROJECTS: THE DETROIT REGION IS ONE OF THE NATION'S MOST INNOVATIVE METRO AREAS. IT ALSO POSSESSES THE GREATEST CONCENTRATION OF MOBILITY ASSETS AND CONTINUES TO BE OUR NATION'S BEST BET TO ACCELERATE ECONOMIC PROSPERITY AND GROWTH FOR BOTH MICHIGAN AND THE UNITED STATES. THE DRPF LED A COALITION OF REGIONAL PARTNERS AND SUCCESSFULLY MADE THAT CASE TO THE US ECONOMIC DEVELOPMENT ADMINISTRATION AS PART OF ITS BUILD BACK BETTER REGIONAL CHALLENGE (BBBRC). TOGETHER, THE DRPF-LED COALITION SECURED A PHASE 1 PLANNING GRANT, AS WELL AS A SIGNIFICANT PHASE 2 GRANT FOR THE GLOBAL EPICENTER OF MOBILITY (GEM) INITIATIVE. THIS INITIATIVE WILL INVEST IN CREATING A SMART, SECURE, SUSTAINABLE AND INCLUSIVE ADVANCED MOBILITY INDUSTRY IN THE DETROIT REGION. THROUGHOUT 2023 PHASE 2 ACTIVITIES INCLUDED ACCELERATED ADVANCEMENT OF VIPBY DRP SITE READINESS WORK AND ADVANCED RESEARCH INITIATIVES SURROUNDING MOBILITY INITIATIVES IN THE DETROIT REGION. 719653 MARKETING: THE DRPF'S MARKETING PROGRAM SHARES THE REGION'S STORY ACROSS VIDEO, DIGITAL, AND SOCIAL MEDIA PLATFORMS THROUGHOUT THE YEAR. IT CONTINUES TO PROMOTE THE DETROIT REGION AS A WORLD-CLASS BUSINESS LOCATION, GENERATE AWARENESS WITH ECONOMIC DEVELOPMENT PROSPECTS AND LEVERAGE PARTNERS, STAKEHOLDERS AND ADVOCATES TO SHARE KEY INFORMATION AND MESSAGING ABOUT THE REGION. 631150 BUSINESS INTELLIGENCE AND TALENT SOLUTIONS: DRPF'S BUSINESS INTELLIGENCE PROGRAM SPECIALIZES IN HELPING COMPANIES UNDERSTAND THE COMPETITIVE ADVANTAGES OF SOUTHEAST MICHIGAN THROUGH VERIFIED DATA AND STATISTICS. OUR TEAM HAS COMPILED INFORMATION ABOUT EACH COMMUNITY AND INDUSTRY WITHIN THE REGION, SO PROSPECTS AND PARTNERS ALIKE HAVE ACCESS TO THE DATA THEY NEED TO MAKE INFORMED DECISIONS. THE BUSINESS INTELLIGENCE TEAM PROVIDES THE REGION WITH CUSTOMIZED DATA AND ANALYTICS REPORTS INCLUDING INFORMATION ON WORKFORCE AVAILABILITY, THE COST OF DOING BUSINESS, TALENT AFFORDABILITY, INDUSTRY BUSINESS CASES, OUR CUSTOMER AND SUPPLIER ECOSYSTEM, AND MORE. DRPF'S TALENT SOLUTIONS PROGRAM SUPPORTS PROSPECTIVE AND NEWLY ENTERED BUSINESSES IN NAVIGATING THE DETROIT REGION'S LARGE AND DIVERSE WORKFORCE WITH CONCRETE DATA AND CUSTOM TALENT SOLUTIONS. IT PROVIDES IN-DEPTH INFORMATION ON OUR REGIONAL DEMOGRAPHICS, WORKFORCE PROFILE, AND TALENT PIPELINE TO ENSURE THAT OUR COMMUNITY MEETS SPECIFIC PROJECT NEEDS. IT ALSO CONNECTS PROJECTS WITH LOCAL COMPANIES AND HR PROFESSIONALS TO LEARN ABOUT SOUTHEAST MICHIGAN'S WORKFORCE DIRECTLY FROM EMPLOYERS IN THEIR INDUSTRY, AND CONNECTS COMPANIES WITH A VAST NETWORK OF LOCAL WORKFORCE AND COMMUNITY PARTNERS. 631150 5784319 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X TESIA MAMASSIAN 3135185600 1001 WOODWARD AVENUE SUITE 800 DETROIT MI 48226 GERRY ANDERSON CHAIRMAN 1.00 1.00 X X 0 0 0 CHIP MCCLURE DIRECTOR 1.00 1.00 X 0 0 0 CHRIS ILITCH DIRECTOR 1.00 1.00 X 0 0 0 DARIN MCKEEVER DIRECTOR 1.00 1.00 X 0 0 0 DAVID COULTER DIRECTOR 1.00 1.00 X 0 0 0 DAVID DAUCH DIRECTOR 1.00 1.00 X 0 0 0 GARY TORGOW DIRECTOR 1.00 1.00 X 0 0 0 JERRY NORCIA DIRECTOR 1.00 1.00 X 0 0 0 KOFI BONNER DIRECTOR 1.00 1.00 X 0 0 0 KYLEE MITCHELL WELLS DIRECTOR 1.00 1.00 X 0 0 0 LA JUNE MONTGOMERY TABRON DIRECTOR 1.00 1.00 X 0 0 0 MARK HACKEL DIRECTOR 1.00 1.00 X 0 0 0 MATT CULLEN DIRECTOR 1.00 1.00 X 0 0 0 MIKE DUGGAN DIRECTOR 1.00 1.00 X 0 0 0 RAY SCOTT DIRECTOR 1.00 1.00 X 0 0 0 RAY TELANG DIRECTOR 1.00 1.00 X 0 0 0 RIDGWAY WHITE DIRECTOR 1.00 1.00 X 0 0 0 RIP RAPSON DIRECTOR 1.00 1.00 X 0 0 0 ROBERT RINEY DIRECTOR 1.00 1.00 X 0 0 0 SANDY BARUAH DIRECTOR 1.00 1.00 X 0 0 0 TERRY RHADIGAN DIRECTOR 1.00 1.00 X 0 0 0 TINA FREESE-DECKER DIRECTOR 1.00 1.00 X 0 0 0 WARREN EVANS DIRECTOR 1.00 1.00 X 0 0 0 MAUREEN DONOHUE KRAUSS PRESIDENT & CEO 36.00 4.00 X 473624 0 57999 TESIA MAMASSIAN SECRETARY, VP OPERATIONS 36.00 4.00 X 150312 0 16326 DAVE MEADOR TREASURER 1.00 1.00 X 0 0 0 JUSTIN ROBINSON EVP, ECONOMIC DEVELOPMENT 40.00 0.00 X 234787 0 32192 CHRISTINE ROEDER EVP, GLOBAL EPICENTER OF MOBILITY 40.00 0.00 X 186042 0 1821 ANGELA LADETTO SVP, MARKETING & BUS. INTELLIGENCE 40.00 0.00 X 205804 0 36432 ALAN WEBER MVP, BUSINESS DEVELOPMENT 40.00 0.00 X 159531 0 30319 WILLIAM BUTLER VP, BUSINESS DEVELOPMENT 40.00 0.00 X 133885 0 15599 SARAH GREGORY DIRECTOR, TALENT SOLUTIONS 40.00 0.00 X 127920 0 15857 MARIA LALONDE DIRECTOR, INVESTOR RELATIONS 40.00 0.00 X 124789 0 14890 1796694 0 221435 14 0 1 0 PLANTE & MORAN 3000 TOWN CENTER SUITE 400 SOUTHFIELD MI 48075 2022 AUDIT AND INDUSTRIAL SITE READINESS 215383 WHIM DETROIT 241 MADISON STREET DETROIT MI 48226 IT SUPPORT SERVICES 170737 1001 WEBWORD LLC MASTER TENANT 630 WOODWARD AVENUE DETROIT MI 48267 RENT 140010 REBUILD GROUP 2921 E GRAND BLVD SUITE 200 DETROIT MI 48202 MARKETING AND CREATIVE CONSULTING SERVIC 100511 4 249345 1054421 1780857 3084623 ADMINISTRATIVE SERVICE 561000 1046264 1046264 PROJECT REVENUE 900099 34000 34000 1080264 13948 13948 MISCELLANEOUS REVENUE 541800 17584 17584 17584 4196419 1080264 0 31532 X 1153105 934316 218789 2563017 2076718 486299 315821 248593 67228 250931 197516 53415 282098 222049 60049 12424 12424 131903 131903 1262286 1140616 121670 169905 145828 24077 284158 244219 39939 135833 113348 22485 183217 151681 31536 25895 20500 5395 MEMBERSHIP/DUES 257113 174718 82395 PROFESSIONAL DEVELOPMEN 106316 84217 22099 STRATEGIES & STUDIES 30000 30000 7164022 5784319 1379703 0 223594 223656 2425057 1241861 4684041 3262006 137995 195446 247562 199049 69374 48513 346799 140704 7886860 5112186 807559 1109100 241860 133248 1049419 1242348 X 2699216 2016504 4138225 1853334 6837441 3869838 7886860 5112186 -2967603 0 X 0 1 X 1 0 X 4939766 3924579 7253046 8137464 3084623 27339478 4939766 3924579 7253046 8137464 3084623 27339478 3454919 23884559 8432 5402 2570 0 13948 30352 25969 4753 12518 17584 60824 27430654 1080264 0.87070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 25,969. 2021 AMOUNT: $ 4,753. 2022 AMOUNT: $ 12,518. 2023 AMOUNT: $ 17,584. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23817 16307 7510 121139 118437 2702 102606 64305 38301 48513 LEASE LIABILITY PAYABLE 133248 133248 X PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). IN ADDITION, ALL RELATED FILINGS HAVE BEEN MADE TIMELY AND THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. X 1 1 X X 0 0 0 0 0 0 0 0 0 MAUREEN DONOHUE KRAUSS PRESIDENT & CEO 384311 0 75000 0 14313 0 38100 0 19899 0 531623 0 0 0 JUSTIN ROBINSON EVP, ECONOMIC DEVELOPMENT 203890 0 23697 0 7200 0 24737 0 7455 0 266979 0 0 0 ANGELA LADETTO SVP, MARKETING & BUS. INTELLIGENCE 180000 0 22804 0 3000 0 21944 0 14488 0 242236 0 0 0 ALAN WEBER MVP, BUSINESS DEVELOPMENT 145000 0 14531 0 0 0 17840 0 12479 0 189850 0 0 0 CHRISTINE ROEDER EVP, GLOBAL EPICENTER OF MOBILITY 186042 0 0 0 0 0 0 0 1821 0 187863 0 0 0 TESIA MAMASSIAN SECRETARY, VP OPERATIONS 135000 0 15312 0 0 0 14990 0 1336 0 166638 0 0 0 PART I, LINE 1A THE DETROIT ATHLETIC CLUB (DAC) MEMBERSHIP HELD BY OUR CEO IS INTEGRAL TO THE BUSINESS OPERATIONS OF THE DETROIT REGIONAL PARTNERSHIP FOUNDATION. THE DAC'S CENTRAL LOCATION AND HIGH-QUALITY FACILITIES ARE LEVERAGED TO FACILITATE CRITICAL CLIENT, PARTNER, AND EVENT HOSTING ACTIVITIES THAT ARE CENTRAL TO OUR CORE BUSINESS OF REGIONAL ECONOMIC DEVELOPMENT AND BUSINESS ATTRACTION. THIS MEMBERSHIP PROVIDES OUR CEO AND STAFF WITH A PROFESSIONAL VENUE TO ENGAGE WITH LOCAL PARTNERS, STAKEHOLDERS, AND POTENTIAL BUSINESS PROSPECTS, AS WELL AS TO HOST EVENTS THAT ALIGN WITH OUR ORGANIZATIONAL MISSION. THE DAC MEMBERSHIP IS EXCLUSIVELY USED FOR BUSINESS PURPOSES AND IS ESSENTIAL FOR ADVANCING OUR STRATEGIC GOALS. THEREFORE, THE ASSOCIATED COSTS ARE APPROPRIATELY CLASSIFIED AS A BUSINESS EXPENSE. FORM 990, PART III, LINE 2 BUSINESS INTELLIGENCE AND TALENT SOLUTIONS. SEE SCHEDULE O FOR DESCRIPTION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MODIFIED ITS BYLAWS DURING THE YEAR TO EXPAND UPON THE TERMS OF THE OFFICERS OF THE BOARD AS WELL AS THE COMPOSITION OF THE EXECUTIVE COMMITTEE. FOLLOWING THESE CHANGES, THE CHAIRPERSON AND VICE CHAIRPERSON OF THE BOARD WILL SERVE FOR A TERM OF TWO YEARS, PROVIDED THAT THE BOARD MAY EXTEND THE DURATION OF THE TERM IF DEEMED TO BE IN THE BEST INTEREST OF THE ORGANIZATION. IN ADDITION, THE EXECUTIVE COMMITTEE WILL BE COMPRISED OF THE CHAIRPERSON, THE VICE CHAIRPERSON, IMMEDIATE PAST CHAIRPERSON, AND SUCH OTHER DIRECTORS OR OFFICERS AS APPOINTED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL FIRST BE REVIEWED BY THE PRESIDENT & CEO, MAUREEN DONOHUE KRAUSS AND THE MEMBERS OF OUR FINANCE/AUDIT COMMITTEE, DAVID MEADOR, TREASURER AND DAVID MASSARON, DIRECTOR/COMMITTEE MEMBER. ONCE REVIEWED BY THE PARTIES ABOVE, THE 990 WILL BE SHARED WITH THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C INTERESTED DIRECTORS SHALL NOT VOTE UPON ANY MATTER IN WHICH A CONFLICT OF INTEREST EXISTS BUT MAY BE COUNTED IN DETERMINING A QUORUM FOR THE MEETING AT WHICH THE MATTER IS VOTED UPON. WHEN MAKING DECISIONS IN WHICH A CONFLICT OF INTEREST EXISTS PURSUANT TO THE CORPORATION'S CONFLICT OF INTEREST POLICY, THE BOARD SHOULD OBTAIN AND RELY ON APPROPRIATE COMPARABILITY DATA. THE MINUTES OF THE MEETING SHOULD REFLECT THAT THE DISCLOSURE WAS MADE, THAT THE INTERESTED DIRECTOR OR COMMITTEE MEMBER ABSTAINED FROM VOTING, WHETHER HIS OR HER PRESENCE WAS COUNTED IN DETERMINING A QUORUM, AND WHETHER COMPARABILITY DATA WAS CONSIDERED AND USED AS A BASIS FOR MAKING THE DECISION. FORM 990, PART VI, SECTION B, LINE 15 IN ESTABLISHING THE COMPENSATION OF THE CORPORATION'S OFFICER'S, CEO, AND FIVE HIGHEST COMPENSATED EMPLOYEES, THE CORPORATION SHALL: (I) FOLLOW ITS CONFLICT OF INTEREST POLICY AS IN EFFECT AT THE TIME THE COMPENSATION IS APPROVED; (II) APPROVE SUCH COMPENSATION ARRANGEMENTS IN ADVANCE OF PAYING COMPENSATION; AND (III) DOCUMENT IN WRITING THE DATE AND TERMS OF APPROVED COMPENSATION ARRANGEMENTS. WITH RESPECT TO SUCH COMPENSATION AND ANY OTHER FINANCIAL ARRANGEMENTS WITH THE CORPORATION'S OFFICERS, DIRECTORS, TRUSTEES, EMPLOYEES, AND INDEPENDENT CONTRACTORS, THE CORPORATION SHALL: (I) RECORD IN WRITING THE DECISION MADE BY EACH INDIVIDUAL WHO DECIDED OR VOTED ON SUCH ARRANGEMENTS; (II) BASE SUCH FINANCIAL ARRANGEMENTS ON AMOUNTS PAID BY SIMILARLY SITUATED TAX-EXEMPT OR TAXABLE ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS; AND (III) RECORD IN WRITING THE INFORMATION RELIED UPON IN BASING ITS DECISION AND THE SOURCE OF SUCH INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 1,093,557. MANAGEMENT AND GENERAL EXPENSES 30,240. TOTAL EXPENSES 1,123,797. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 47,059. MANAGEMENT AND GENERAL EXPENSES 91,430. TOTAL EXPENSES 138,489. DETROIT REGIONAL PARTNERSHIP 1001 WOODWARD AVENUE SUITE 800 DETROIT MI 48226 831370004 ECONOMIC DEVELOPMENT MI 501(C)(6) N/A 0 SOUTHEAST MICHIGAN GRANTS COALITION 1001 WOODWARD AVENUE SUITE 800 DETROIT MI 48226 873056326 ECONOMIC DEVELOPMENT MI 501(C)(3) LINE 7 DETROIT REGIONAL PARTNERSHIP FOUNDATION 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 SOUTHEAST MICHIGAN GRANTS COALITION Q 1046264 ACTUAL COST SOUTHEAST MICHIGAN GRANTS COALITION C 249345 ACTUAL COST