DETROIT, MI
Detroit Development Fund
Quick Facts
- EIN
- 38-3322605
- Location
- DETROIT, MI
- Category
- Community Development
- NTEE Code
- S43
- Total Assets
- $19.9M
- Annual Income
- $4.9M
- Annual Revenue
- $4.9M
- IRS Ruling Year
- 1997
- Tax Subsection
- 501(c)(03)
About This Organization
Detroit Development Fund is a nonprofit organization based in DETROIT, MI. It received its IRS tax-exempt ruling in 1997. The organization is classified under IRC Section 501(c)(03). It operates in the area of community development. Total assets are reported at $19.9M. Annual income is $4.9M. The organization has received $3.4M in foundation grants from 6 funders. It has received $5.5M in federal awards from 1 agency.
Grants Received from Foundations
Foundation grants awarded to Detroit Development Fund, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Gilbert Fam Foundation | $500K | 2023 | DETROIT COMMUNITY INITIATIVES |
| Prudential Foundation Inc. | $450K | 2023 | ENTREPRENEURS OF COLOR FUND PROJECT |
| Max M & Marjorie S Fisher Foundation Inc. | $50K | 2023 | BIZLOAN FUND REIMAGINED PROGRAM |
| Max M & Marjorie S Fisher Foundation Inc. | $500 | 2023 | HONORARIUM FOR THE IMPACT DETROIT TOUR |
| Jpmorgan Chase Foundation | $100 | 2023 | GENERAL OPERATING SUPPORT |
| Gilbert Fam Foundation | $500K | 2022 | DETROIT DEVELOPMENT FUND |
| Gilbert Fam Foundation | $500K | 2022 | DETROIT DEVELOPMENT FUND |
| Prudential Foundation Inc. | $450K | 2022 | ENTREPRENEURS OF COLOR FUND PROJECT |
| W K Kellogg Foundation | $200K | 2022 | provide post-loan technical assistance to entrepreneurs of color who are borrowers under the Entrepreneurs Of Color Fund and who need training, skill sets and business expertise to keep their business growing and knowledgeable |
| W K Kellogg Foundation | $200K | 2022 | provide post-loan technical assistance to entrepreneurs of color who are borrowers under the Entrepreneurs Of Color Fund and who need training, skill sets and business expertise to keep their business growing and knowledgeable |
| Jpmorgan Chase Foundation | $200 | 2022 | GENERAL OPERATING SUPPORT |
| Jpmorgan Chase Foundation | $200 | 2022 | GENERAL OPERATING SUPPORT |
| W K Kellogg Foundation | $200K | 2021 | provide post-loan technical assistance to entrepreneurs of color who are borrowers under the Entrepreneurs Of Color Fund and who need training, skill sets and business expertise to keep their business growing and knowledgeable |
| W K Kellogg Foundation | $200K | 2020 | provide post-loan technical assistance to entrepreneurs of color who are borrowers under the Entrepreneurs Of Color Fund and who need training, skill sets and business expertise to keep their business growing and knowledgeable |
| Goldman Sachs Foundation | $100K | 2020 | GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE DETROIT AREA. |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of the Treasury | 4 awards totaling $5,464,937 | $5.5M | 2023 |
Frequently Asked Questions
What does Detroit Development Fund do?
Detroit Development Fund is a nonprofit organization focused on community development, based in DETROIT, MI. It is classified under IRC Section 501(c)(03).
Who funds Detroit Development Fund?
Detroit Development Fund has received foundation grants from Gilbert Fam Foundation, Prudential Foundation Inc., Max M & Marjorie S Fisher Foundation Inc., and others. It has also received federal awards from Department of the Treasury.
What is Detroit Development Fund's annual revenue?
Detroit Development Fund reports total assets of $19.9M. Annual income is $4.9M.
Where is Detroit Development Fund located?
Detroit Development Fund is located in DETROIT, MI.
Is Detroit Development Fund a 501(c)(3)?
Yes, Detroit Development Fund is a 501(c)(3) tax-exempt organization. Its EIN is 38-3322605. Donations to this organization may be tax-deductible.
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