Detroit Alliance For Fair Banking in Detroit, Michigan (MI)

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Detroit Alliance For Fair Banking
Employer Identification Number (EIN)382977476
Name of OrganizationDetroit Alliance For Fair Banking
Address76 Lothrop Rd, Detroit, MI 48202-2703
ActivitiesOther inner city or community benefit activities, Described in section 170(b)1)(a)(vi) of the Code
SubsectionCharitable Organization
Ruling Date01/1993
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1 to $9,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$5,829
Amount of Income$113,510
Form 990 Revenue Amount$113,510
National Taxonomy of Exempt Entities (NTEE)Social Science Research Institutes, Services: Economics (as a social science)


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Amount of income in 2011: $113,510 (it was $113,603 in 2010)
This organization: 

 $113,510
Other organizations performing similar types of work: 

 $140,750

Assets in 2011: $5,829 (it was $13,190 in 2010)
This organization: 

 $5,829
Other organizations performing similar types of work: 

 $66,406

Expenses in 2011: $115,712
Detroit Alliance For Fair Banking: 

 $115,712
Other organizations performing similar types of work: 

 $186,154

Income to expenses ratio in 2011: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2011: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 98.2%

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$113,510
Contributions, Gifts, Grants and Other Similar Amounts$113,500
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$10
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$115,712
Compensation of current officers, directors, trustees, and key employees$41,300
Other salaries and wages$25,425
Payroll taxes$0
Professional fundraising services$0
Other$48,987
Balance Sheet (for 2011)
Total assets$5,829
Total liabilities$0
Total net assets or fund balances$5,829
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$881,876
Gifts, grants, contributions, and membership fees received$-2,062
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$883,938
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Institute For New Economic Thinking Inc5th Floor, New York, NY 10010NY2010-11$10,907,604
2Sifma Foundation For Investor Education Fie Inc120 Broadway, New York, NY 10271-0002NY1977-10$3,185,206
3Better Markets Inc1825 K St Nw Ste 1080, Washington, DC 20006-1241DC2010-12$3,060,489
4Partnership For Economics Education And Research100 Huronview Blvd Room 200, Ann Arbor, MI 48103-2946MI2007-09$1,576,769
5Thomas R Brown FoundationPO BOX 31930, Tucson, AZ 85751-1930AZ2005-01$842,050
6Gen Next Foundation4100 Macarthur Blvd, Newport Beach, CA 92660-2069CA2010-12$730,882
7Schumacher Center For A New Economics140 Jug End Rd, Gt Barrington, MA 01230-9724MA2013-11$682,177
8Puget Sound Sage1032 S Jackson St Ste 203, Seattle, WA 98104-3038WA2008-04$678,504
9Texans Together Education Fund4509 Edgemont Dr, Austin, TX 78731-5223TX2006-12$518,709
10Technet Foundation Inc, Convergeus5050 El Camino Real Ste 106, Los Altos, CA 94022-1526CA2010-02$504,799
11Institute For Economics And Peace3 E 54th St Fl 14, New York, NY 10022-3135NY2013-02$348,708
12Partnership For A New American Economy Research Fund Inc909 3rd Ave Fl 16, New York, NY 10022-4797NY2012-01$327,352
13Acanthus Education4153 E Babbling Brook Drive, Tucson, AZ 85712AZ2011-01$280,101
14International Freedom Educational FoundationPO BOX 9925, Mclean, VA 22102-0925VA2003-08$192,248
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16Society Of Labor Economists1155 E 60th St Ste 252, Chicago, IL 60637-2745IL2005-03$140,750
17Detroit Alliance For Fair Banking76 Lothrop Rd, Detroit, MI 48202-2703MI1993-01$113,510
18Economic And Business History Society3838 Livernois, Troy, MI 48083MI2013-08$0
19Mi Alliance Of Timebanks Inc27580 California Dr Se, Lathrup Village, MI 48076MI2010-03$0
20Student Investment Association220 Cedar St Apt, East Lansing Mi, MI 48823MI2007-09$0
Number of organizations performing similar types of work
Arizona4
California13
Colorado2
Connecticut1
District of Columbia9
Florida8
Georgia2
Illinois2
Indiana1
Kansas1
Massachusetts4
Maryland3
Maine1
Michigan5
Minnesota1
Missouri2
North Carolina1
Nebraska1
New Hampshire1
Nevada2
New York11
Ohio2
Oklahoma1
Oregon1
South Carolina1
Texas4
Utah1
Virginia5
Washington1
Total91

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