DETROIT FITNESS FOUNDATION

EIN: 812871799 501(c)(3) Recreation & Sports

DETROIT, MI

Total Revenue
$1,522,077
Total Expenses
$1,005,680
Total Assets
$3,310,302
Net Assets
$1,853,766
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MI
Principal Officer
DALE HUGHES
Phone
3132656725
Tax Period
2023-01-01 to 2023-12-31

DETROIT FITNESS FOUNDATION, founded in 2016, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $516K, a strong 34% operating margin.

Mission

THE MISSION OF THE DETROIT FITNESS FOUNDATION IS TO PROVIDE LOW- OR NO-COST FITNESS OPPORTUNITIES FOR AREA RESIDENTS. BY PROVIDING AFFORDABLE, OFTEN FREE, ACTIVITIES IN A LOCATION THAT IS SAFE AND CONVENIENT, AREA RESIDENTS, MANY OF WHOM ARE ECONOMICALLY DISADVANTAGED, CAN OPT IN ON LIVING A HEALTHIER LIFESTYLE THAT WILL IMPROVE THEIR QUALITY OF LIFE AND REDUCE THEIR HEALTH CARE COSTS.

Program Service Accomplishments

Program 1
Expenses: $780,705 Revenue: $150,718

OUR PRIMARY FITNESS PROGRAMMING COMES IN THE FORM OF BICYCLING, SPECIFICALLY ON THE 1/10TH OF A MILE INDOOR VELODROME. WE OFFER CYCLING CLASSES AND PROGRAMS FOR BEGINNERS 3-6 YEARS OLD, EMERGING...

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OUR PRIMARY FITNESS PROGRAMMING COMES IN THE FORM OF BICYCLING, SPECIFICALLY ON THE 1/10TH OF A MILE INDOOR VELODROME. WE OFFER CYCLING CLASSES AND PROGRAMS FOR BEGINNERS 3-6 YEARS OLD, EMERGING RIDERS 7-17 YEARS OLD, AND EXPERIENCED COMPETITORS OF ALL AGES. DURING THE SUMMER, WE OFFER FREE CYCLING CAMPS, INTENDING TO TEACH ALL CHILDREN HOW TO RIDE A BICYCLE A SKILL THEY CAN DO FOR THEIR ENTIRE LIFE. WE ALSO TEACH THE CAMPERS AS WELL AS ALL OF OUR YOUTH ABOUT THE HISTORY OF THE SPORT AND SHARE FACTS FROM DETROIT'S CYCLING HISTORY THAT SERVE AS INSPIRATION AND A ROLE MODEL. NUTRITION AND HEALTHY CHOICES ARE ALSO PART OF THE 4DAY SESSIONS. IN ADDITION TO THE CYCLING, WE ALSO HAVE DEDICATED SPACE THE EDDIE TOLAN OVAL FOR RUNNING, WALKING OR INLINE SKATING. THIS 1/8TH MILE CEMENT TRACK IS UNIQUE IN THE AREA, AND A YEARROUND OPTION FOR STARTING AND MAINTAINING A FITNESS ROUTINE. IN THIS SPACE WE ALSO HOST HEALTH FAIRS, COMMUNITY GATHERINGS, ETC.

Program 2

IN ADDITION, ON CERTAIN WEEKENDS DETROIT FITNESS FOUNDATION WILL HOST CYCLING COMPETITIONS THAT WILL BE OPEN TO THE PUBLIC, TO PROVIDE COMMUNITY MEMBERS WITH DEMONSTRATIONS OF THE LEVEL OF SKILL THAT...

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IN ADDITION, ON CERTAIN WEEKENDS DETROIT FITNESS FOUNDATION WILL HOST CYCLING COMPETITIONS THAT WILL BE OPEN TO THE PUBLIC, TO PROVIDE COMMUNITY MEMBERS WITH DEMONSTRATIONS OF THE LEVEL OF SKILL THAT CAN BE ACHIEVED IN THE SPORT OF CYCLING. DETROIT FITNESS FOUNDATION WILL ALSO WORK WITH YOUTH WHO ACHIEVE A HIGH LEVEL OF SKILL TO BE ENTERED IN LOCAL, REGIONAL, OR NATIONAL COMPETITIONS. IN SOME CASES, DEPENDING ON FINANCIAL NEED, DETROIT FITNESS FOUNDATION MAY PROVIDE FINANCIAL ASSISTANCE TO YOUTH WHO ARE UNABLE TO AFFORD THE COSTS TO PARTICIPATE IN SUCH COMPETITIONS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,288,405
Program Service Revenue $150,718
Investment Income $1,897
Other Revenue $81,057
TOTAL REVENUE $1,522,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $353,031
Fundraising Expenses $37,215
Program Expenses $780,705
Other Expenses $652,649
TOTAL EXPENSES $1,005,680

Year-over-Year Comparison

2023 2022 Change
Revenue $1,522,077 $1,533,929 0.0%
Expenses $1,005,680 $1,129,064 -0.1%
Net Income $516,397 $404,865 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
10
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
3
$124,950
Total Directors
5
$124,950
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALE HUGHES PRESIDENT/EX 40.00
Officer Director
$122,500 $2,450 $124,950
GARY BAUN SECRETARY 0.50
Officer Director
$0 $0 $0
LEONARDO GIANOLA DIRECTOR 0.50
Director
$0 $0 $0
SUSAN MOSEY DIRECTOR 0.50
Director
$0 $0 $0
THOMAS M DIXON DIRECTOR 0.50
Director
$0 $0 $0
JAMES MCDONALD TREASURER 2.00
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
2023 $1,522,077 $1,005,680 $3,310,302 $516,397
2022 $1,533,929 $1,129,064 $3,472,592 $404,865
2021 $1,771,465 $1,090,317 $3,824,771 $681,148
2020 $1,248,472 $949,520 $3,990,331 $298,952
2019 $1,842,728 $1,279,683 $4,363,356 $563,045
2018 $818,810 $1,292,686 $4,486,756 $-473,876
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