2024-05-14T12:03:13-05:00 2023-06-30 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-07-01 380508823 DETROIT ECONOMIC CLUB DETR 3139638547 211 WEST FORT STREET NO 710 DETROIT MI 48226 STEVE GRIGORIAN CEO & PRESIDENT 3139638547 2024-05-14 1 STEVE GRIGORIAN XXX-XX-XXXX 1 TROY MARINE CPA P00187863 4147775500 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE GRIGORIAN 211 WEST FORT STREET NO 710 DETROIT MI 48226 1730536 0 X WWW.ECONCLUB.ORG X 1934 MI SINCE IT'S ORIGIN IN 1934, THE MISSION OF THE DETROIT ECONOMIC CLUB (DEC) HAS BEEN TO PROVIDE A PLATFORM FOR THE DEBATE AND DISCUSSION OF THE GREAT BUSINESS, GOVERNMENT AND SOCIAL ISSUES OF THE DAY. 95 94 7 125 0 0 1333801 1454675 87805 188646 48969 86243 0 972 1470575 1730536 0 0 0 0 737240 787732 0 0 348030 515660 813229 1252900 1600961 217675 129575 3415666 3521572 42000 0 3373666 3521572 SINCE ITS ORIGIN IN 1934, THE MISSION OF THE DETROIT ECONOMIC CLUB (DEC) HAS BEEN TO PROVIDE A PLATFORM FOR THE DEBATE AND DISCUSSION OF THE GREAT BUSINESS, GOVERNMENT AND SOCIAL ISSUES OF THE DAY. 0 0 1044685 188646 SPEAKER MEETINGS: SPEAKERS INCLUDED CEOS, GOVERNMENT OFFICIALS, AND AUTHORS. MEETINGS PROVIDE A PLATFORM FOR THE DISCUSSION AND DEBATE OF IMPORTANT BUSINESS, GOVERNMENT AND SOCIAL ISSUES. 1044685 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 1 15 0 1 7 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 95 94 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 MI X STEVE GRIGORIAN 3139638547 211 WEST FORT STREET NO 710 DETROIT MI 48226 STEVE GRIGORIAN DIRECOR, PRESIDENT & CEO 40.00 X X 282067 0 40676 SANDRA E PIERCE EXECUTIVE BOARD CHAIR 1.00 X X 0 0 0 ERIC DIETZ VICE PRESIDENT 1.00 X X 0 0 0 MARY CULLER VICE PRESIDENT 1.00 X X 0 0 0 PETER GUDRITZ VICE PRESIDENT 1.00 X X 0 0 0 TERRY RHADIGAN VICE PRESIDENT 1.00 X X 0 0 0 MARK MENDOLA DIRECTOR, TREASURER 1.00 X X 0 0 0 RODERICK D GILLUM DIRECTOR, SECRETARY 1.00 X X 0 0 0 DUANE TARNACKI LEGAL COUNSEL 1.00 X X 0 0 0 ALAN WHITMAN DIRECTOR 1.00 X 0 0 0 ALAN JAY KAUFMAN DIRECTOR 1.00 X 0 0 0 AMY SOLEK DIRECTOR 1.00 X 0 0 0 ANDRA RUSH DIRECTOR 1.00 X 0 0 0 ANGIE KELLY DIRECTOR 1.00 X 0 0 0 ARN TELLEM DIRECTOR 1.00 X 0 0 0 BEN C MAIBACH III DIRECTOR 1.00 X 0 0 0 BETH CHAPPELL DIRECTOR 1.00 X 0 0 0 BILL EMERSON DIRECTOR 1.00 X 0 0 0 BILL POPP DIRECTOR 1.00 X 0 0 0 CAROLYN J CASSIN DIRECTOR 1.00 X 0 0 0 CHARLES MCCLURE DIRECTOR 1.00 X 0 0 0 CHRISTOPHER ILITCH DIRECTOR 1.00 X 0 0 0 CONGRESSWOMAN DEBBIE DINGELL DIRECTOR 1.00 X 0 0 0 DAN GILBERT DIRECTOR 1.00 X 0 0 0 DANIEL J LOEPP DIRECTOR 1.00 X 0 0 0 DAVID FISCHER JR DIRECTOR 1.00 X 0 0 0 DAVID FOLTYN DIRECTOR 1.00 X 0 0 0 DAVID GIRODAT DIRECTOR 1.00 X 0 0 0 DAVID LEWIS DIRECTOR 1.00 X 0 0 0 DAVID PARENT DIRECTOR 1.00 X 0 0 0 DAVID C DAUCH DIRECTOR 1.00 X 0 0 0 DR M ROY WILSON DIRECTOR 1.00 X 0 0 0 DR MARK SAFFER DIRECTOR 1.00 X 0 0 0 DR ORA PESCOVITZ DIRECTOR 1.00 X 0 0 0 DR SANTA ONO DIRECTOR 1.00 X 0 0 0 DR SUZY SIEGLE DIRECTOR 1.00 X 0 0 0 DR TAREK SOBH DIRECTOR 1.00 X 0 0 0 FLORINE MARK DIRECTOR 1.00 X 0 0 0 GARY MILES DIRECTOR 1.00 X 0 0 0 HANS-WERNER KAAS DIRECTOR 1.00 X 0 0 0 HERBERT J STRATHER DIRECTOR 1.00 X 0 0 0 HUSSEIN BERRY DIRECTOR 1.00 X 0 0 0 JAMES A ANDERSON DIRECTOR 1.00 X 0 0 0 JAMES B NICHOLSON DIRECTOR 1.00 X 0 0 0 JASON TINSLEY DIRECTOR 1.00 X 0 0 0 JEFF DONOFRIO DIRECTOR 1.00 X 0 0 0 JERRY NORCIA DIRECTOR 1.00 X 0 0 0 JIM FITTERLING DIRECTOR 1.00 X 0 0 0 JIM PROPPE DIRECTOR 1.00 X 0 0 0 JIM TISH DIRECTOR 1.00 X 0 0 0 JOHN FIKANY DIRECTOR 1.00 X 0 0 0 JOHN RAKOLTA JR DIRECTOR 1.00 X 0 0 0 KATHY WEAVER DIRECTOR 1.00 X 0 0 0 KEITH CRAIN DIRECTOR 1.00 X 0 0 0 KEN WHIPPLE DIRECTOR 1.00 X 0 0 0 KEVIN VOIGT DIRECTOR 1.00 X 0 0 0 LEONARD WOLFE DIRECTOR 1.00 X 0 0 0 LINDA HUBBARD DIRECTOR 1.00 X 0 0 0 LINDA H APSEY DIRECTOR 1.00 X 0 0 0 LISA CAWLEY DIRECTOR 1.00 X 0 0 0 MARK A DOUGLAS DIRECTOR 1.00 X 0 0 0 MARY T BARRA DIRECTOR 1.00 X 0 0 0 MATTHEW B ELLIOTT DIRECTOR 1.00 X 0 0 0 MICHAEL BICKERS DIRECTOR 1.00 X 0 0 0 MICHELLE ACCIAVATTI DIRECTOR 1.00 X 0 0 0 MINDI FYNKE DIRECTOR 1.00 X 0 0 0 PETER KARMANOS JR DIRECTOR 1.00 X 0 0 0 PETER PROVENZANO JR DIRECTOR 1.00 X 0 0 0 PETER QUIGLEY DIRECTOR 1.00 X 0 0 0 PRAVEEN THADANI DIRECTOR 1.00 X 0 0 0 RABBI DANIEL B SYME DIRECTOR 1.00 X 0 0 0 RACHEL STEWART DIRECTOR 1.00 X 0 0 0 RALPH GERSON DIRECTOR 1.00 X 0 0 0 RAY SCOTT DIRECTOR 1.00 X 0 0 0 RICH HOMBERG DIRECTOR 1.00 X 0 0 0 RICH SCHWABAUER DIRECTOR 1.00 X 0 0 0 ROBERT RINEY DIRECTOR 1.00 X 0 0 0 ROD ALBERTS DIRECTOR 1.00 X 0 0 0 ROGER S PENSKE DIRECTOR 1.00 X 0 0 0 SANDRA M HERMANOFF DIRECTOR 1.00 X 0 0 0 SCOTT J JECMEN DIRECTOR 1.00 X 0 0 0 STEPHEN R POLK DIRECTOR 1.00 X 0 0 0 STEVE FINATERI DIRECTOR 1.00 X 0 0 0 STEVE GRIGORIAN DIRECTOR 1.00 X 0 0 0 STEVEN DAVIS DIRECTOR 1.00 X 0 0 0 THE HONORABLE DENNIS W ARCHER DIRECTOR 1.00 X 0 0 0 THE HONORABLE JOCELYN BENSON DIRECTOR 1.00 X 0 0 0 THE HONORABLE MICHAEL E DUGGAN DIRECTOR 1.00 X 0 0 0 THE HONORABLE SANDY K BARUAH DIRECTOR 1.00 X 0 0 0 THE HONORABLE YOUSIF B GHAFARI DIRECTOR 1.00 X 0 0 0 TIM CODD DIRECTOR 1.00 X 0 0 0 TIM GRUBER DIRECTOR 1.00 X 0 0 0 TONY MICHAELS DIRECTOR 1.00 X 0 0 0 WILLIAM CLAY FORD JR DIRECTOR 1.00 X 0 0 0 YASMEEN JASEY DIRECTOR 1.00 X 0 0 0 282067 0 40676 1 0 1 0 0 127090 30000 1297585 1454675 LUNCHEON RECEIPTS 900099 188646 188646 188646 86243 86243 OTHER INCOME 900099 972 972 972 1730536 188646 0 87215 388106 284425 57270 46411 318451 173577 28189 116685 7673 4987 921 1765 41484 22155 4090 15239 32018 25622 4730 1666 68868 19246 48065 1557 25543 25543 30576 19874 9173 1529 5532 5532 7676 3079 1232 3365 10080 4032 4032 2016 42000 27300 5040 9660 2368 2368 6699 6699 19659 12778 2359 4522 CATERING 353493 257219 96274 OTHER LUNCHEON 143661 111185 32476 MERCHANT SERVICE FEES 25367 20293 1269 3805 PARKING 15762 7881 3152 4729 55945 36433 13181 6331 1600961 1044685 208246 348030 595653 423244 66005 58589 2754008 3039739 3415666 3521572 42000 0 42000 0 X 3373666 3521572 3373666 3521572 3415666 3521572 129575 18331 0 X X 0 1 X 1 0 X 1651890 1385797 1177063 1333801 1454675 7003226 348210 174125 6700 87805 188646 805486 2000100 1559922 1183763 1421606 1643321 7808712 425000 298000 256000 255000 366133 1600133 50992 56104 70687 82565 120595 380943 475992 354104 326687 337565 486728 1981076 5827636 2 2 41931 48969 86243 177147 2 2 41931 48969 86243 177147 972 972 2000102 1559924 1225694 1470575 1730536 7986831 0.72970 0.74370 0.02220 0.01100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1723324 18331 18331 1704993 25543 25543 1730536 1575418 0 1575418 25543 25543 1600961 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EXCEPT FOR NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE CLUB RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AT JUNE 30, 2023 AND 2022, THERE WERE NO UNCERTAIN TAX PROVISIONS. X X X 0 0 0 0 0 0 0 0 0 STEVE GRIGORIAN DIRECOR, PRESIDENT & CEO 273667 0 0 0 8400 0 9602 0 31074 0 322743 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A FINANCE/AUDIT COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 DAVID DAUCH, SANDY PIERCE AND BETH CHAPPEL HAVE A BUSINESS RELATIONSHIP. ROGER PENSKE AND SANDY PIERCE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS PREPARED, IT IS REVIEWED BY THE PRESIDENT AND TREASURER FOR THE ORGANIZATION PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST POLICY ARE DISCLOSED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S COMPENSATION IS DETERMINED BY THE CHAIRMAN OF THE BOARD, AND THE CLUB'S TREASURER. COMPENSATION IS ALSO PARTIALLY BASED UPON COMPARABILITY DATA FROM OTHER SIMILAR SIZED 501(C)(3) ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN OR VERBAL REQUEST. THE REQUESTS ARE GIVEN TO THE PRESIDENT FOR PROCESSING AND DOCUMENTS MAY BE E-MAILED, FAXED, OR MAILED TO THE REQUESTOR. THERE MAY BE A NOMINAL FEE CHARGED TO THE REQUESTOR IF THE DOCUMENTS ARE MAILED. FORM 990, PART XII, LINE 2C: THE CLUB HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR.