2025-11-17T15:48:58-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-01-01 831361974 DETROIT REGIONAL PARTNERSHIP FOUNDATION DETR 3135185600 1001 WOODWARD AVENUE 800 DETROIT MI 48226 MAUREEN DONOHUE KRAUSS PRESIDENT & CEO 3135185600 2025-11-13 1 1 SHELBY NETZ P01405265 4147775500 2025-11-13 2024 2025-03-06 01:10:19Z MAUREEN DONOHUE KRAUSS 1001 WOODWARD AVENUE 800 DETROIT MI 48226 9803894 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. 19 19 36 19 0 0 3084623 8394023 1080264 1362518 13948 47098 17584 255 4196419 9803894 0 0 0 0 4564972 5132501 0 0 153154 2599050 5760266 7164022 10892767 -2967603 -1088873 5112186 8323297 1242348 5542332 3869838 2780965 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. 0 0 1880420 BUSINESS DEVELOPMENT: 2024 MARKED THE 5-YEAR ANNIVERSARY OF DRPF'S CREATION. IN THIS SHORT TIME, DRPF HAS SURGED TOWARD ITS 10-YEAR GOALS FOR THE REGION, ATTRACTING 121 PROJECTS THAT CREATED AN ESTIMATED $9.4 BILLION IN INVESTMENT AND MORE THAN 36,500 JOBS WITH AN AVERAGE WAGE OF $68,819 PER YEAR. IN ITS FIRST FIVE YEARS OF OPERATIONS, THE ORGANIZATION IS ALREADY NEARING ITS 2030 GOALS OF ATTRACTING 50,000 NEW JOBS AND $10 BILLION IN NEW INVESTMENT. 5529970 1362518 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 2024 PHASE 2 ACTIVITIES INCLUDED ACCELERATED ADVANCEMENT OF VIPBY DRP SITE READINESS WORK AND ADVANCED RESEARCH INITIATIVES SURROUNDING MOBILITY INITIATIVES IN THE DETROIT REGION. 975330 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. 717611 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. 717611 9103331 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 26 0 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 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 (TERM 06/2024) 1.00 1.00 X 0 0 0 DARIN MCKEEVER DIRECTOR 1.00 1.00 X 0 0 0 DAVE MASSARON DIRECTOR (START 03/2024) 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 DONALD RENCHER DIRECTOR (START 11/2024) 1.00 1.00 X 0 0 0 GARY TORGOW DIRECTOR (TERM 11/2024) 1.00 1.00 X 0 0 0 JERRY NORCIA DIRECTOR 1.00 1.00 X 0 0 0 KOFI BONNER DIRECTOR (TERM 03/2024) 1.00 1.00 X 0 0 0 KYLEE MITCHELL WELLS DIRECTOR (TERM 11/2024) 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 MICHAEL LAND DIRECTOR (START 11/2024) 1.00 1.00 X 0 0 0 MIKE DUGGAN DIRECTOR 1.00 1.00 X 0 0 0 RACHEL STEWART DIRECTOR (START 11/2024) 1.00 1.00 X 0 0 0 RAY SCOTT DIRECTOR (TERM 03/2024) 1.00 1.00 X 0 0 0 RAY TELANG DIRECTOR (TERM 03/2024) 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 (TERM 03/2024) 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 KRAUSS PRESIDENT & CEO 38.00 2.00 X 489901 0 60201 TESIA MAMASSIAN SECRETARY, VP OPERATIONS 38.00 2.00 X 151875 0 19348 DAVE MEADOR TREASURER 1.00 1.00 X 0 0 0 JUSTIN ROBINSON EVP, ECONOMIC DEVELOPMENT 39.00 1.00 X 270843 0 35341 CHRISTINE ROEDER EVP, GLOBAL EPICENTER OF MOBILITY 39.00 1.00 X 206279 0 23486 ANGELA LADETTO SVP, MARKETING & BUS. INTELLIGENCE 39.00 1.00 X 208650 0 36161 ALAN WEBER MVP, BUSINESS DEVELOPMENT 40.00 X 172550 0 33220 WILLIAM BUTLER VP, BUSINESS DEVELOPMENT 40.00 X 145625 0 28526 HEATHER VOGEL VP, MARKETING 40.00 X 144485 0 22603 BERNARD SWIECKI VP, MOBILITY & RESEARCH 24.00 16.00 X 147000 0 13236 1937208 0 272122 16 0 1 0 PRICEWATERHOUSECOOPERS LLP 4040 W BOY SCOUT BOULEVARD TAMPA FL 33607 SITE DILIGENCE AND REPORTING CONSULTING 692617 MANNIK & SMITH GROUP INC 1800 INDIAN WOOD CIRCLE MAUMEE OH 43537 SITE DILIGENCE AND REPORTING CONSULTING 435184 FISHBECK 1515 ARBORETUM DRIVE SE GRAND RAPIDS MI 49546 SITE DILIGENCE AND REPORTING CONSULTING 428688 S&P GLOBAL 15 INVERNESS WAY EAST ENGLEWOOD CO 80112 FUTURE MOBILTY TECHNOLOGIES STUDY 287000 AM HIGLEY 3636 EUCLID AVE CLEVELAND OH 44115 RENOVATION OF OFFICE SPACE IN DETROIT 242111 11 656109 4281522 3456392 8394023 ADMINISTRATIVE SERVICE 561000 1326879 1326879 PROJECT REVENUE 900099 35639 35639 1362518 47098 47098 MISCELLANEOUS REVENUE 541800 255 255 255 9803894 1362518 0 47353 X 1257274 1001983 255291 2844259 2266728 577531 435685 341967 93718 309736 243110 66626 285547 224124 61423 505 505 160078 160078 4289688 4051793 146765 91130 250901 216983 31114 2804 302948 263044 39904 165216 130137 35079 214924 179542 34142 1240 27125 20344 6781 MEMBERSHIP/DUES 236457 99388 79089 57980 PROFESSIONAL DEVELOPMEN 78424 30188 48236 STRATEGIES & STUDIES 34000 34000 10892767 9103331 1636282 153154 223656 122115 1241861 4154854 3262006 2527182 195446 258984 576362 221141 48513 355221 140704 904941 5112186 8323297 1109100 2012925 0 2542575 133248 986832 1242348 5542332 X 2016504 1383116 1853334 1397849 3869838 2780965 5112186 8323297 -1088873 0 X 0 1 X 1 0 X 3924579 7253046 8137464 3084623 8394023 30793735 3924579 7253046 8137464 3084623 8394023 30793735 3552184 27241551 5402 2570 13948 47098 69018 25969 4753 12518 17584 255 61079 30923832 2442782 0.88090 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. 2024 AMOUNT: $ 255. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 331246 19901 311345 142510 122277 20233 102606 78963 23643 355221 RIGHT OF USE ASSET 882941 DUE FROM DETROIT REGIONAL PARTNERSHIP 22000 904941 LEASE LIABILITY PAYABLE 986832 986832 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, 2024 AND 2023. X 1 1 X X 0 0 0 0 0 0 0 1 0 MAUREEN KRAUSS PRESIDENT & CEO 400000 0 75000 0 14901 0 40500 0 19701 0 550102 0 0 0 JUSTIN ROBINSON EVP, ECONOMIC DEVELOPMENT 230511 0 33132 0 7200 0 27486 0 7855 0 306184 0 0 0 ANGELA LADETTO SVP, MARKETING & BUS. INTELLIGENCE 185400 0 20250 0 3000 0 23292 0 12869 0 244811 0 0 0 CHRISTINE ROEDER EVP, GLOBAL EPICENTER OF MOBILITY 190000 0 16279 0 0 0 20452 0 3034 0 229765 0 0 0 ALAN WEBER MVP, BUSINESS DEVELOPMENT 150800 0 21750 0 0 0 19926 0 13294 0 205770 0 0 0 WILLIAM BUTLER VP, BUSINESS DEVELOPMENT 130000 0 15625 0 0 0 16771 0 11755 0 174151 0 0 0 TESIA MAMASSIAN SECRETARY, VP OPERATIONS 135000 0 16875 0 0 0 17119 0 2229 0 171223 0 0 0 HEATHER VOGEL VP, MARKETING 133900 0 10585 0 0 0 14194 0 8409 0 167088 0 0 0 BERNARD SWIECKI VP, MOBILITY & RESEARCH 147000 0 0 0 0 0 4778 0 8458 0 160236 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. PART I, LINE 7 BONUSES AT THE ORGANIZATION ARE AWARDED BASED PRIMARILY UPON PERFORMANCE. EACH YEAR, THE TOTAL BONUS POOL IS APPROVED BY THE COMPENSATION COMMITTEE BASED UPON ORGANIZATIONAL PERFORMANCE. FROM THAT POOL, INDIVIDUAL AWARDS ARE MADE BASED UPON INDIVIDUAL PERFORMANCE AND TENURE. THOSE AWARDS ARE DOCUMENTED ANNUALLY VIA A PERFORMANCE REVIEW PACKAGE AND SCORE, AND CORRESPONDING COMPENSATION MEMO OUTLINING BONUS AWARD/PERCENTAGE. THE CEO'S BONUS IS TREATED DIFFERENTLY, AS ITS EXPLICIT AMOUNT IS DETERMINED BY THE COMPENSATION COMMITTEE DIRECTLY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL FIRST BE REVIEWED BY THE PRESIDENT & CEO AND THE MEMBERS OF OUR FINANCE/AUDIT COMMITTEE. 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 15A CEO'S COMPENSATION IS DETERMINED BY EXECUTIVE CONTRACT AND APPROVED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE. 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 4,032,809. MANAGEMENT AND GENERAL EXPENSES 34,946. FUNDRAISING EXPENSES 91,130. TOTAL EXPENSES 4,158,885. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 18,984. MANAGEMENT AND GENERAL EXPENSES 111,819. TOTAL EXPENSES 130,803. 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 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 SOUTHEAST MICHIGAN GRANTS COALITION Q 1326879 ACTUAL COST SOUTHEAST MICHIGAN GRANTS COALITION C 656109 ACTUAL COST