Nonprofit · EIN 81-3237118
DETROIT REGIONAL LGBT CHAMBER FUND INC
Tax-exempt · DETROIT, MI 48227
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $204,044 | $182,573 | $21,471 | $104,665 | $100 | $104,565 |
| December 31, 2023 | 990-EZ | $61,702 | $34,524 | $27,178 | $83,194 | $100 | $78,093 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $204,044
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $11,838
- Travel
- $2,037
- Program services (functional)
- $136,589
- Management and general (functional)
- $28,910
- Fundraising (functional)
- $17,074
Balance sheet and other
- Total assets, start of year
- $83,194
- Total assets, end of year
- $104,665
- Total liabilities, end of year
- $100
- Net assets, end of year
- $104,565
- Net assets without donor restrictions
- $104,565
- Gross receipts
- $204,044
- Employees
- 0
- Year formed
- 2013
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin T Heard | President and Executive Director Trustee or director | 20 | $51,229 |
| Diane R Harbour | Treasurer Trustee or director | 2 | $0 |
| Misti Rice | Director Trustee or director | 2 | $0 |
| Sterling Littlejohn | Secretary Trustee or director | 4 | $0 |
| William Odell | Director Trustee or director | 2 | $0 |
| Christina Ware | Vice President Trustee or director | 2 | $0 |
| Ellen Patnaude | Director Trustee or director | 2 | $0 |
| Doug Furgason | Director Trustee or director | 2 | $0 |
| Dorian Grey fka Hooker | Chairperson Trustee or director | 2 | $0 |
| Elizabeth Badgett | Director Trustee or director | 2 | $0 |
| Delores McKinney | Director Former | 2 | $0 |
990-EZ for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN T HEARD | PRESIDENT & | 10 | $10,750 |
| DIANE R HARBOUR | TREASURER | 2 | $0 |
| BRIAN DEREY | VICE PRESIDE | 2 | $0 |
| ANGELO REA | DIRECTOR | 2 | $0 |
| DELORES MCKINNEY | DIRECTOR | 2 | $0 |
| MICHELLE CROCKETT | DIRECTOR | 2 | $0 |
| MISTI RICE | DIRECTOR | 2 | $0 |
| MICHAEL B ANTHONY | DIRECTOR | 2 | $0 |
| MICHAEL FLORES | SECRETARY | 4 | $0 |
| SEAN HYLAND | DIRECTOR | 2 | $0 |
| BILL ODELL | DIRECTOR | 2 | $0 |
| CHRISTINA WARE | DIRECTOR | 2 | $0 |
| ELLEN PATNAUDE | DIRECTOR | 2 | $0 |
| DOUG FURGASON | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 13535 MANSFIELD ST, DETROIT, MI 48227-1729
- In care of
- % KEVIN T HEARD
- Mailing address (990-N for 2017)
- 13535 MANSFIELD STREET, Detroit MI 48227
- Principal officer (990-N for 2017)
- Kevin T Heard, 13535 MANSFIELD STREET, Detroit MI 48227
- Signed the 990
- KEVIN T HEARD, President and Executive Director
- Phone
- (313) 673-3001
- Return prepared by
- The Clairmount Group
Mission
Providing education to LGBTQ business and allies in the grater Detroit, Michigan region.
Program accomplishments
- Queer Equity Impact Program: A 12-week business accelerator for LGBTQ business owners that will cover the most impactful aspects of business from Ideation to capital ready. In-person classes are every other week. Free for businesses to participate. Leaders in the field teach each class. Grant award opportunity at completion. $10,000 Pitch competition qualifying upon completion. Completed the fourth cohorts. We host 2 cohorts a year. Fall & Spring Business Summits COLOURS Spring LGBT Business Summit focuses on business landscape and contracting opportunities. It covers scaling businesses, benefits of LGBTQ Business Certification, and includes matchmakers and sessions. This all-day event features 100 professionals and business owners, 4-5 workshops, and multiple networking opportunities with corporate partners and leaders.While the Fall Summit highlights efforts in corporate and government landscapes. It previews upcoming initiatives and workforce adaptations. The event offers best practices, suggestions, and technical assistance for small businesses, including legal, HR, and marketing advice.Expenses $91,120
- COLOURS Pride Awards Gala: Our biggest event, this gala raises grant funds for new and growing LGBTQ-owned businesses and provides training and resources for youth in Metro Detroit. Focusing on intersectionality, we invest in businesses at pivotal growth moments. We aim to increase capital, capacity, customers, and certified LGBTQ businesses, while supporting future LGBTQ entrepreneurs, leaders and allies. The evening features five awards and highlights businesses and leaders. During the Gala, we host a pitch competition for one lucky business who will walk away with $10,000 for their business.Expenses $45,469
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-3237118
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S01)
- Assets (IRS master file)
- $104,665
- Income (IRS master file)
- $204,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $204,044 | $182,573 | $104,665 | IRS |
| 990-EZ | December 2023 | $61,702 | $34,524 | $83,194 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: Kevin T Heard | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-3237118).
Questions about DETROIT REGIONAL LGBT CHAMBER FUND INC
- What is the EIN of DETROIT REGIONAL LGBT CHAMBER FUND INC?
- The employer identification number (EIN) of DETROIT REGIONAL LGBT CHAMBER FUND INC is 81-3237118.
- Is DETROIT REGIONAL LGBT CHAMBER FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to DETROIT REGIONAL LGBT CHAMBER FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DETROIT REGIONAL LGBT CHAMBER FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DETROIT REGIONAL LGBT CHAMBER FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DETROIT REGIONAL LGBT CHAMBER FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DETROIT REGIONAL LGBT CHAMBER FUND INC?
- The 990-N for 2017 names Kevin T Heard.
- Who are the officers and directors of DETROIT REGIONAL LGBT CHAMBER FUND INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $51,229 (Kevin T Heard, President and Executive Director).
- How much revenue does DETROIT REGIONAL LGBT CHAMBER FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $204,044, expenses of $182,573 and total assets of $104,665 at year end.
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