OLD NEWSBOYS GOODFELLOW FUND OF DETROIT MICHIGAN

EIN: 386061491 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$1,696,664
Total Expenses
$2,164,998
Total Assets
$9,089,511
Net Assets
$8,937,307
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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
MI
Principal Officer
MICHAEL J PREDHOMME
Phone
5867756139
Tax Period
2024-02-01 to 2025-01-31

OLD NEWSBOYS GOODFELLOW FUND OF DETROIT MICHIGAN, founded in 1914, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROMOTE THE WELFARE OF METRO DETROIT AREA UNDERPRIVILEDGED CHILDREN WITH AN EMPHASIS ON THE "NO CHILD WITHOUT A CHRISTMAS" PROGRAM OFFERING GIFT PACKAGES, SHOE VOUCHERS, DENTAL VOUCHERS, CAMP VOUCHERS, AND EDUCATIONAL SCHOLARSHIPS.

Program Service Accomplishments

Program 1
Expenses: $1,739,435

TO PROMOTE THE WELFARE OF METRO DETROIT AREA UNDERPRIVILEDGED CHILDREN WITH AN EMPHASIS ON THE "NO CHILD WITHOUT A CHRISTMAS" PROGRAM OFFERING GIFT PACKAGES, SHOE VOUCHERS, DENTAL VOUCHERS, CAMP...

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TO PROMOTE THE WELFARE OF METRO DETROIT AREA UNDERPRIVILEDGED CHILDREN WITH AN EMPHASIS ON THE "NO CHILD WITHOUT A CHRISTMAS" PROGRAM OFFERING GIFT PACKAGES, SHOE VOUCHERS, DENTAL VOUCHERS, CAMP VOUCHERS, AND EDUCATIONAL SCHOLARSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,217,959
Program Service Revenue $0
Investment Income $384,539
Other Revenue $94,166
TOTAL REVENUE $1,696,664

Expense Breakdown

Grants Paid $1,572,600
Salaries & Benefits $208,985
Fundraising Expenses $79,395
Program Expenses $1,739,435
Other Expenses $383,413
TOTAL EXPENSES $2,164,998

Year-over-Year Comparison

2024 2023 Change
Revenue $1,696,664 $1,606,299 +0.1%
Expenses $2,164,998 $1,704,595 +0.3%
Net Income $-468,334 $-98,296 +3.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
4
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK ASSENDELFT MEMBER-AT-LA N/A
Director
$0 $0 $0
COLIN BATTERSBY ASSISTANT SE N/A
Director
$0 $0 $0
PATRICK J BRADY MEMBER-AT-LA N/A
Director
$0 $0 $0
MICHAEL CROWDER MEMBER-AT-LA N/A
Director
$0 $0 $0
DALE DORSEY MEMBER-AT-LA N/A
Director
$0 $0 $0
NANCY K FORAN ASSISTANT TR N/A
Officer Director
$0 $0 $0
CHARLES M HAMMOND MEMBER-AT-LA N/A
Director
$0 $0 $0
THADDEUS KEDZIERSKI MEMBER-AT-LA N/A
Director
$0 $0 $0
DANIEL J LACOMBE MEMBER-AT-LA N/A
Director
$0 $0 $0
KIMBERLY LIDDELL-LOVE MEMBER-AT-LA N/A
Director
$0 $0 $0
ANNE MARIE NICKERT VICE PRESIDE N/A
Director
$0 $0 $0
RICK PACYNSKI PRESIDENT N/A
Director
$0 $0 $0
MICHAEL J PREDHOMME TREASURER N/A
Officer Director
$0 $0 $0
PETER T REDEBAUGH MEMBER-AT-LA N/A
Director
$0 $0 $0
JAY REYNOLDS MEMBER-AT-LA N/A
Director
$0 $0 $0
KENNY ROBINSON MEMBER-AT-LA N/A
Director
$0 $0 $0
AL RUIZ MEMBER-AT-LA N/A
Director
$0 $0 $0
TIMOTHY SCALLEN MEMBER-AT-LA N/A
Director
$0 $0 $0
MICHAEL SIMONI SECRETARY N/A
Officer Director
$0 $0 $0
LAURA WRIGHT MEMBER-AT-LA N/A
Director
$0 $0 $0
EMMETT YGLESIAS MEMBER-AT-LA N/A
Director
$0 $0 $0
SARI KLOK-SCHNEIDER EXECUTIVE DI N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,696,664 $2,164,998 $9,089,511 $-468,334
2024 $1,606,299 $1,704,595 $8,834,848 $-98,296
2023 $2,048,432 $1,568,155 $8,727,890 $480,277
2022 $1,875,138 $1,354,383 $8,440,677 $520,755
2021 $1,930,995 $1,512,906 $7,561,172 $418,089
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