Detroit Metro Sports Commission Inc in Detroit, Michigan (MI)

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Detroit Metro Sports Commission Inc
Employer Identification Number (EIN)383584276
Name of OrganizationDetroit Metro Sports Commission Inc
In Care of NameSajid Zuberi
Address211 West Fort Street, Detroit, MI 48226-3269
SubsectionCharitable Organization
Ruling Date05/2002
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$175,591
Amount of Income$137,476
Form 990 Revenue Amount$137,476
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Amateur Sports Competitions


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Amount of income in 2011: $137,476 (it was $177,987 in 2010)
Detroit Metro Sports Commission Inc: 

 $137,476
Other organizations performing similar types of work: 

 $200,775

Assets in 2011: $175,591 (it was $160,182 in 2010)
Detroit Metro Sports Commission Inc: 

 $175,591
Other organizations performing similar types of work: 

 $138,403

Financial snapshot ($)

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$137,476$0$137,476
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$137,476
Total expenses and disbursements$892,179$0$0$892,179
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$892,179$0$892,179
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-754,703
Net investment income$0
Adjusted net income$137,476
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$175,591$175,591
Cash - non-interest-bearing$70,591
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$105,000
Total liabilities$7,920,786
Mortgages and other notes payable$0
Other$7,920,786
Total liabilities and net assets/fund balances$-7,745,195
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?Yes
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$204,296
Net value of noncharitable-use assets$201,240
Minimum investment return$10,062
Distributable Amount (for 2011)
Distributable amount$0
Undistributed Income (for 2011)
Distributable amount for 2011$0
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$10,062$8,349$9,949$17,250$45,610
Qualifying distributions made directly for active conduct of exempt activities$892,179$778,473$654,242$1,878,587$4,203,481
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$6,708$5,566$6,633$11,500$30,407
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Southeastern ConferenceN, Birmingham, AL 35203AL1959-09$273,063,526
2Sugar Bowl Louisiana Superdome1500 Sugar Bowl Dr, New Orleans, LA 70112-1255LA1935-06$42,934,832
3Usa Gymnastics132 E Washington St Ste 700, Indianapolis, IN 46204-3674IN1982-12$18,923,251
4Usa Track & Field Inc132 E Washington St Ste 800, Indianapolis, IN 46204-3674IN1983-10$18,861,229
5Houston Golf Association5810 Wilson Rd Ste 112, Humble, TX 77396-2943TX1990-05$14,019,132
6United States Equestrian Team Foundation IncPO BOX 35, Gladstone, NJ 07934-0035NJ1994-02$9,352,129
7Indiana Sports Corporation201 S Capitol Ave Ste 1200, Indianapolis, IN 46225-1097IN1980-04$8,767,728
8Wahington Baltimore Regional 2012 CoalitionWashington, DC 20006DC$2,333,841
9Colorado Springs Sports Corporation1631 Mesa Ave Ste E, Colorado Spgs, CO 80906-2960CO1983-01$1,590,570
10Maine Golf House Inc, Maine State Golf Association Inc58 Val Halla Rd, Cumberland, ME 04021-4033ME2008-10$991,141
11Los Angeles Jets Track Club538 W 121st St, Los Angeles, CA 90044-3909CA1989-12$195,705
12Womens Challenge IncBoise, ID 83716ID$56,261
13Detroit City Chess Club18701 Grand River Ste 199, Detroit, MI 48223-2214MI2007-08$37,852
14Supporters Of Gymnastic Dreams2241 Galaxy Ct, Concord, CA 94520-4933CA1996-09$31,770
15Missouri Valley Conference Inc1818 Chouteau Ave, Saint Louis, MO 63103-3002MO2000-08$9,487,576
16Granite Curling Club Of Seattle Inc1440 N 128th St, Seattle, WA 98133-9596WA2006-06$440,702
17Eden Prairie Figure Skating Club16526 W 78th St, Eden Prairie, MN 55346-4302MN2000-05$223,620
18Ardsley Curling Club IncPO BOX 54, Ardsley Hdsn, NY 10503-0054NY1999-12$200,775
19Gainesville Area Rowing IncPO BOX 357882, Gainesville, FL 32635-7882FL2000-06$171,041
20Detroit Metro Sports Commission Inc211 West Fort Street, Detroit, MI 48226-3269MI2002-05$137,476
21Ny Collegiate Baseball League398 E Dyke St, Wellsville, NY 14895-1641NY2008-06$110,344
22Pittsburgh Three Rivers Regatta IncThree Gateway Center 22nd Floor, Pittsburgh, PA 15222PA1998-09$88,282
23Classic 10k Road Race IncPO BOX 4050, Middletown, NY 10941-8050NY2008-05$65,662
24Jefferson Sports League IncPO BOX 143, Lk Hopatcong, NJ 07849-0143NJ2001-10$42,919
25Northwest Indiana Adult Guardianship Services Inc2650 W 35th Avenue, Gary, IN 46408IN2008-05$39,608
26Morgan Hill Gymnastics Parents Club Inc884 Portola Rd, Portola Vally, CA 94028-7264CA2006-09$23,148
27Fremont Freewheelers Race Team Incorporated22139 Castille Ln 57, Hayward, CA 94541CA2008-03$19,154
28North American Dragon Boat Association, International Dragon Boat Assn844 Prospect Ave, Oakland, CA 94610-3818CA1997-10$18,106
29Kingwood Top Kick Karate Competition Team3838 Woodland Hills Dr, Kingwood, TX 77339-1450TX2002-08$5,124
Number of organizations performing similar types of work
Alaska1
Alabama1
California7
Colorado1
District of Columbia1
Florida1
Hawaii1
Idaho1
Illinois3
Indiana4
Kansas1
Louisiana1
Maine1
Michigan2
Minnesota1
Missouri1
Montana1
North Carolina1
New Jersey2
New York4
Pennsylvania3
Texas5
Utah1
Virginia1
Washington1
Wisconsin1
Total48

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