Nonprofit · EIN 20-5885762
DETROIT BELLE ISLE GRAND PRIX INC
Tax-exempt · BLOOMFLD HLS, MI 48302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $21,314,263 | $21,389,811 | -$75,548 | $3,076,924 | $4,848,345 | -$1,771,421 |
| December 31, 2023 | 990 | $22,760,223 | $22,853,950 | -$93,727 | $3,418,022 | $5,113,895 | -$1,695,873 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,194,951
- of which government grants
- $2,000,000
- Program service revenue
- $9,119,312
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $831,108
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $31,961
- Occupancy
- $327,911
- Travel
- $133,951
- Depreciation
- $964,752
- Program services (functional)
- $19,519,511
- Management and general (functional)
- $1,870,300
Balance sheet and other
- Total assets, start of year
- $3,418,022
- Total assets, end of year
- $3,076,924
- Total liabilities, end of year
- $4,848,345
- Net assets, end of year
- -$1,771,421
- Land, buildings and equipment
- $1,642,970
- Net assets without donor restrictions
- -$1,771,421
- Gross receipts
- $22,145,371
- Employees
- 0
- Volunteers
- 1,500
- Year formed
- 2006
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC B LARSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $497,620 | $21,243 |
| JAMIE L COOL | EVENT MANAGER Highest-paid employee | 40 | $103,952 | $0 | $0 |
| CLAUDE BUD DENKER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CAMERON PIGGOTT | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROGER PENSKE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC B LARSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $528,576 | $22,145 |
| CLAUDE BUD DENKER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CAMERON PIGGOTT | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROGER PENSKE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2555 S TELEGRAPH RD, BLOOMFLD HLS, MI 48302-0912
- In care of
- % ANN LANG
- Principal officer (990 for 2024)
- CARI EASTERDAY-KAR, 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS, MI 483020954
- Signed the 990
- SHAWNA M JANSONS, CFO AND VICE PRESIDENT
- Phone
- (248) 648-2457
- Website
- WWW.DETROITGP.COM
- Return prepared by
- DELOITTE TAX LLP
Mission
(1) PROMOTES THE REVITALIZATION OF ECONOMICALLY DEPRESSED AREAS OF THE CITY OF DETROIT BY CONDUCTING MOTOR VEHICLE RACING EVENTS; AND (2) TO RAISE FUNDS FOR THE PRESERVATION AND IMPROVEMENT OF BELLE ISLE PARK.
Program accomplishments
- PROMOTES THE REVITALIZATION OF ECONOMICALLY DEPRESSED AREAS OF THE CITY OF DETROIT BY CONDUCTING MOTOR VEHICLE RACING EVENTS.Expenses $18,688,403 · revenue $9,119,312
- RAISES FUNDS FOR THE PRESERVATION AND IMPROVEMENT OF BELLE ISLE PARK, WHICH SERVES AS A UNIQUE BACKDROP FOR A POPULAR RACING EVENT AND REMAINS FOR THE LONG-TERM ENJOYMENT OF PARK VISITORS. ADDITIONAL FUNDS RAISED BENEFITING VARIOUS LOCAL CHARITIES PROVIDING SERVICES TO RESIDENTS OF THE CITY OF DETROIT.Expenses $831,108 · grants $831,108
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 on file |
IRS record
- EIN
- 20-5885762
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S990)
- Assets (IRS master file)
- $3,076,924
- Income (IRS master file)
- $22,145,371
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $21,314,263 | $21,389,811 | $3,076,924 | IRS |
| 990 | December 2023 | $22,760,223 | $22,853,950 | $3,418,022 | XML |
| 990 | December 2022 | $14,762,535 | $14,762,535 | $4,637,183 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 20-5885762).
Questions about DETROIT BELLE ISLE GRAND PRIX INC
- What is the EIN of DETROIT BELLE ISLE GRAND PRIX INC?
- The employer identification number (EIN) of DETROIT BELLE ISLE GRAND PRIX INC is 20-5885762.
- Is DETROIT BELLE ISLE GRAND PRIX INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to DETROIT BELLE ISLE GRAND PRIX INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DETROIT BELLE ISLE GRAND PRIX 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 BELLE ISLE GRAND PRIX 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 BELLE ISLE GRAND PRIX 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 BELLE ISLE GRAND PRIX INC?
- The 990 for the year ended December 31, 2024 names CARI EASTERDAY-KAR.
- Who are the officers and directors of DETROIT BELLE ISLE GRAND PRIX INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization.
- How much revenue does DETROIT BELLE ISLE GRAND PRIX INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $21,314,263, expenses of $21,389,811 and total assets of $3,076,924 at year end.
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