2026-02-25T14:56:23-06:00 2025-06-30 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2024-07-01 382192028 DETROIT ECONOMIC GROWTH CORPORATION DETR 3139632940 500 GRISWOLD 2200 DETROIT MI 482263480 KEVIN JOHNSON PRESIDENT AND C.E.O. 3139632940 2026-02-25 1 1 MICHAEL R NICHOLAS P00966144 3139652655 2024 2025-03-06 01:10:19Z KEVIN JOHNSON 500 GRISWOLD 2200 DETROIT MI 482263480 10468570 0 X WWW.DEGC.ORG X 1978 MI PROMOTE ECONOMIC GROWTH IN THE CITY OF DETROIT 38 37 79 0 0 0 0 0 9987019 10264211 377805 204359 0 0 10364824 10468570 0 0 0 0 8669564 8874016 0 0 0 1776928 1558389 10446492 10432405 -81668 36165 7960504 7805036 1059368 867735 6901136 6937301 PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT 0 0 8679722 10264211 PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT 8679722 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 0 0 1 19 0 1 79 1 0 0 0 0 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 MI X GLEN W LONG JR 3139632940 500 GRISWOLD SUITE 2200 DETROIT MI 482263480 KEVIN JOHNSON PRESIDENT AND C.E.O. 55.00 1.00 X X 401834 0 66285 CONRAD L MALLETT JR CHAIR 1.00 1.00 X X 0 0 0 ANDRA RUSH VICE-CHAIR 1.00 1.00 X X 0 0 0 MICHAEL TYSON TREASURER 1.00 1.00 X X 0 0 0 JACCI WOODS SECRETARY 1.00 1.00 X X 0 0 0 MIKYIA AARON DIRECTOR 1.00 1.00 X 0 0 0 APRIL ANDERSON DIRECTOR 1.00 1.00 X 0 0 0 MARVIN BEATTY DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL BICKERS DIRECTOR 1.00 1.00 X 0 0 0 NEAL BISHOP DIRECTOR 1.00 1.00 X 0 0 0 KOFI BONNER DIRECTOR 1.00 1.00 X 0 0 0 JERRY DARBY DIRECTOR 1.00 1.00 X 0 0 0 EVA GARZA DEWAELSCHE DIRECTOR 1.00 1.00 X 0 0 0 JENNIFER DEWEY DIRECTOR 1.00 1.00 X 0 0 0 KIMBERLY ANDREWS ESPY DIRECTOR 1.00 1.00 X 0 0 0 MOHAMAD HAMMOUD DIRECTOR 1.00 1.00 X 0 0 0 KENNETH L HARRIS DIRECTOR 1.00 1.00 X 0 0 0 DIMITRIUS HUTCHERSON DIRECTOR 1.00 1.00 X 0 0 0 GEORGE W JACKSON JR DIRECTOR 1.00 1.00 X 0 0 0 YVETTE JOHNSON DIRECTOR 1.00 1.00 X 0 0 0 NATALIE KING DIRECTOR 1.00 1.00 X 0 0 0 MARSHAL S KLEVEN DIRECTOR 1.00 1.00 X 0 0 0 ERIC LARSON DIRECTOR 1.00 1.00 X 0 0 0 MIKE MCLAUCHLAN DIRECTOR 1.00 1.00 X 0 0 0 DAVID E MEADOR DIRECTOR 1.00 1.00 X 0 0 0 DARRELL MIDDLETON DIRECTOR 1.00 1.00 X 0 0 0 KHALIL RAHAL DIRECTOR 1.00 1.00 X 0 0 0 MICHELLE REAVES DIRECTOR 1.00 1.00 X 0 0 0 NED STAEBLER DIRECTOR 1.00 1.00 X 0 0 0 RONALD STALLWORTH DIRECTOR 1.00 1.00 X 0 0 0 TONY STOVALL DIRECTOR 1.00 1.00 X 0 0 0 TERENCE A THOMAS SR DIRECTOR 1.00 1.00 X 0 0 0 GARY TORGOW DIRECTOR 1.00 1.00 X 0 0 0 ALEXA TURNAGE DIRECTOR 1.00 1.00 X 0 0 0 JAMES VELLA DIRECTOR 1.00 1.00 X 0 0 0 HASSAN BEYDOUN DIRECTOR (EX-OFFICIO) 1.00 1.00 X 0 0 0 MIKE DUGGAN DIRECTOR (EX-OFFICIO) 1.00 1.00 X 0 0 0 MARY SHEFFIELD DIRECTOR (EX-OFFICIO) 1.00 1.00 X 0 0 0 GLEN W LONG JR EXEC. V-P OF ADMIN. AND C.F.O. 50.00 7.00 X 271351 0 57923 KENYETTA HAIRSTON-BRIDGES EXEC. V-P, ECON. DEV. AND INV. SERV. 50.00 X 206268 0 27464 MARLO RENCHER PRESIDENT, DETROIT MEANS BUSINESS 50.00 X 237966 0 50348 REBECCA NAVIN GENERAL COUNSEL 50.00 X 227992 0 52667 DAVID WHITE VICE-PRESIDENT, BUSINESS DEVELOPMENT 50.00 X 141021 0 39613 DAVID HOWELL SR. DIR., REAL ESTATE DEVELOPMENT 50.00 X 146271 0 22129 KELLY SHOVAN CONTROLLER 50.00 X 130933 0 36115 SEAN GRAY VICE-PRES., SMALL BUSINESS SERVICES 50.00 X 150393 0 13480 TIFFINI SMITH VICE-PRESIDENT, HUMAN RESOURCES 50.00 X 121222 0 38835 JENNIFER KANALOS VICE-PRESIDENT, BOARD ADMINISTRATION 50.00 X 143373 0 16373 2178624 0 421232 15 0 1 0 ALLIANCE HEALTH & LIFE PO BOX 67000 DETROIT MI 482670002 HEALTH INSURANCE 635685 EDC CHARTER COUNTY OF WAYNE 500 GRISWOLD DETROIT MI 482263480 LEASE AND UTILITIES 525816 HEALTH ALLIANCE PLAN 2850 WEST GRAND BOULEVARD DETROIT MI 482022643 HEALTH INSURANCE 279567 AITKEN ORMOND 33970 23 MILE ROAD CHESTERFIELD MI 480474005 INSURANCE 113199 4 CONTRACT INCOME 900099 9950432 9950432 SERVICE FEES 900099 192546 192546 INTEREST ON LOANS 900099 121233 121233 10264211 204359 204359 10468570 10264211 0 204359 1571024 1302379 268645 5199518 4322624 876894 560842 464938 95904 1074548 890800 183748 468084 388042 80042 61536 55298 6238 205592 184752 20840 192698 159747 32951 141739 117502 24237 509121 422061 87060 3265 2707 558 121830 100997 20833 56543 46874 9669 102412 84899 17513 EQUIPMENT RENTAL 106744 88491 18253 MEMBERSHIPS 46374 38444 7930 SPECIAL PROJECTS 3086 2558 528 BAD DEBT EXPENSE 2215 2215 5234 4394 840 10432405 8679722 1752683 0 87869 192250 3772387 3974268 501903 610429 2322212 2244279 256567 262845 917443 830775 115668 86668 903898 434297 7960504 7805036 102521 99507 300000 956847 468228 1059368 867735 X 3122919 3132893 3778217 3804408 6901136 6937301 7960504 7805036 36165 0 X 0 1 X 1 1 1 305682 305682 0 496665 426362 70303 115096 98731 16365 86668 RIGHT-OF-USE ASSETS UNDER OPERATING LEASES 434297 434297 OPERATING LEASE LIABILITIES 468228 468228 X 10468570 0 10468570 0 10468570 10432405 0 10432405 0 10432405 PART X, LINE 2: THE DEGC'S [ORGANIZATION'S] MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2025 OR 2024. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KEVIN JOHNSON PRESIDENT AND C.E.O. 326402 0 61100 0 14332 0 42995 0 23290 0 468119 0 0 0 GLEN W LONG JR EXEC. V-P OF ADMIN. AND C.F.O. 251105 0 19100 0 1146 0 30569 0 27354 0 329274 0 0 0 MARLO RENCHER PRESIDENT, DETROIT MEANS BUSINESS 226247 0 11420 0 299 0 24922 0 25426 0 288314 0 0 0 REBECCA NAVIN GENERAL COUNSEL 206680 0 21000 0 312 0 25357 0 27310 0 280659 0 0 0 KENYETTA HAIRSTON-BRIDGES EXEC. V-P, ECON. DEV. AND INV. SERV. 192785 0 13000 0 483 0 21681 0 5783 0 233732 0 0 0 DAVID WHITE VICE-PRESIDENT, BUSINESS DEVELOPMENT 137015 0 3900 0 106 0 12084 0 27529 0 180634 0 0 0 DAVID HOWELL SR. DIR., REAL ESTATE DEVELOPMENT 141923 0 3900 0 448 0 12077 0 10052 0 168400 0 0 0 KELLY SHOVAN CONTROLLER 125681 0 5100 0 152 0 12202 0 23913 0 167048 0 0 0 SEAN GRAY VICE-PRES., SMALL BUSINESS SERVICES 135883 0 10800 0 3710 0 12263 0 1217 0 163873 0 0 0 TIFFINI SMITH VICE-PRESIDENT, HUMAN RESOURCES 116104 0 4900 0 218 0 10557 0 28278 0 160057 0 0 0 JENNIFER KANALOS VICE-PRESIDENT, BOARD ADMINISTRATION 130923 0 10400 0 2050 0 13086 0 3287 0 159746 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED AN AUTOMOBILE ALLOWANCE OF $1,000 PER MONTH AND PAID FOR A DETROIT GOLF CLUB MEMBERSHIP FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA FIRM PREPARES FORM 990, WHICH IS THEN REVIEWED SEPARATELY BY THE ORGANIZATION'S CONTROLLER AND CHIEF FINANCIAL OFFICER. THE CHIEF FINANCIAL OFFICER WALKS THROUGH FORM 990 WITH THE ORGANIZATION'S CHAIR, VICE-CHAIR, AND PRESIDENT/CHIEF EXECUTIVE OFFICER BEFORE THE RETURN IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REMINDERS OF THE CONFLICT OF INTEREST POLICY ARE DISTRIBUTED TO THE ORGANIZATION'S STAFF, ALONG WITH THE THREAT OF TERMINATION FOR VIOLATIONS OF SUCH POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE BENCHMARKED SALARIES AND BENEFITS FOR SIMILAR CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER POSITIONS. THE PRESIDENT/CHIEF EXECUTIVE OFFICER HAS THE POWER TO SET COMPENSATION LEVELS FOR ALL OTHER EMPLOYEES. HE DOES SO BASED UPON A REVIEW OF SIMILAR ENTITIES AND BENCHMARKING STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. DETROIT ECONOMIC GROWTH ASSOCIATION 500 GRISWOLD SUITE 2200 DETROIT MI 482263480 382433720 ECONOMIC DEVELOPMENT MI 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 DETROIT ECONOMIC GROWTH ASSOCIATION L 254908 FAIR VALUE DETROIT ECONOMIC GROWTH ASSOCIATION Q 1439025 FAIR VALUE