Detroit Summer Finance Program Inc in Detroit, Michigan (MI)

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Detroit Summer Finance Program Inc
Employer Identification Number (EIN)383528133
Name of OrganizationDetroit Summer Finance Program Inc
Address2 Woodward Ave Rm 1200, Detroit, MI 48226-3440
SubsectionCharitable Organization
Ruling Date05/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$10,966
Amount of Income$5,300
Form 990 Revenue Amount$5,300
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Financial Institutions, Services (Non-Government Related)


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Amount of income in 2013: $5,300 (it was $28,000 in 2012)
This organization: 

 $5,300
Other organizations performing similar types of work: 

 $659,254

Assets in 2013: $10,966 (it was $10,966 in 2012)
This organization: 

 $10,966
Other organizations performing similar types of work: 

 $1,793,932

Expenses in 2013: $0
This organization: 

 $0
Other organizations performing similar types of work: 

 $493,994

Grants share in income in 2013: -,nan,(ind)%
This organization: 

 -,nan,(ind)%
Other organizations performing similar types of work: 

 43.4%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$5,300$28,000$0
Total expenses$9,259$18,613$0
Total net assets$1,579$10,966$10,966
Excess/Deficit for the year$-3,959$9,387$0
Net assets or fund balances at beginning of year$5,538$1,579$10,966
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$10,966$10,966
Balance Sheets
201120122013
Total assets$1,579$10,966$10,966
Total liabilities$0$0$0
Net assets or fund balances$1,579$10,966$10,966
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$155,181
Subtotal$155,181
Gifts, grants, contributions, and membership fees received$155,181
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$155,181
Public support$155,181
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Opportunity Finance Network620 Chestnut St Ste 572, Philadelphia, PA 19106-3411PA2008-08$11,365,001
2Tremont Credit Union333 Longwood Ave, Boston, MA 02115-5711MA1999-01$7,706,154
3Anabaptist Financial1245 Old Route 15, New Columbia, PA 17856-8952PA2009-03$6,424,113
4Coalition For Mortgage Security1900 M St Nw Ste 600, Washington, DC 20036-3519DC2014-07$1,525,000
5Evergreen Payee ServicesPO BOX 61466, Vancouver, WA 98666-1466WA2008-12$1,134,804
6Tennessee Associations Of Mortgage Brokers IncPO BOX 111, Spring Hill, TN 37174-0111TN2015-04$63,084
7Second Look Capital Inc2317 Westwood Ave Ste 204, Richmond, VA 23230-4020VA1995-12$43,846
8Unithrive Inc30 Fawn Dr, Livingston, NJ 07039-1916NJ2009-10$20,000
9Learning Group600 Broadway Ste 200, Kansas City, MO 64105-1536MO2011-05$17,344
10Detroit Summer Finance Program Inc2 Woodward Ave Rm 1200, Detroit, MI 48226-3440MI2000-05$5,300
11All Student Loans Ohio6601 Center Dr W Ste 650, Los Angeles, CA 90045-7505CA2005-04$0
12Beyond Housing Nhs Community Lending Corporation4156 Manchester, St Louis, MO 63110MO2005-02$0
13Community Trust Foundation Inc157 E New England Ave Suite 402, Winter Park, FL 32789FL2002-08$0
14Endowment For The Cheyenne Family Ymca1426 E Lincoln Way, Cheyenne, WY 82001-4800WY1995-02$0
15Frio Higher Education Authority Inc2600 Washington Avenue, Waco, TX 76710TX2006-08$0
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17Indy Renegades Hockey Inc5610 Norwaldo Avenue, Indianapolis, IN 46220IN2003-11$0
18Khums Trust, Khums Bank Khums Bank1390 Mallard Drive, Martinsville, NJ 08836NJ2010-03$0
19Michigan Cra Association5151 Corporate Dr, Troy, MI 48098-2639MI2014-09$0
20Mishkan Levi Inc14023 69th Ave, Flushing, NY 11367-1636NY1997-05$0
Number of organizations performing similar types of work
Alaska1
Arizona1
California6
Colorado1
District of Columbia1
Florida3
Georgia1
Indiana4
Massachusetts2
Maryland1
Michigan2
Missouri3
Mississippi1
Montana1
New Jersey3
New Mexico1
New York7
Ohio1
Pennsylvania4
South Dakota1
Tennessee1
Texas4
Virginia1
Vermont1
Washington2
Wyoming1
Total55

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