Nonprofit · EIN 45-4842669
URBAN RENEWAL INITIATIVE FOUNDATION
Tax-exempt · ROYAL OAK, MI 48067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,452,898 | $637,359 | $17,815,539 | $48,210,557 | $3,565,512 | $44,645,045 |
| December 31, 2023 | 990 | $10,531,514 | $542,353 | $9,989,161 | $28,058,103 | $1,608,597 | $26,449,506 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,328,551
- Program service revenue
- $0
- Investment income
- $124,347
- Net gain from sales of assets
- -$275,981
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $184,946
- Accounting fees
- $64,065
- Management and general (functional)
- $617,544
- Fundraising (functional)
- $19,815
Balance sheet and other
- Total assets, start of year
- $28,058,103
- Total assets, end of year
- $48,210,557
- Total liabilities, end of year
- $3,565,512
- Net assets, end of year
- $44,645,045
- Land, buildings and equipment
- $30,185,549
- Net assets without donor restrictions
- $32,997,659
- Net assets with donor restrictions
- $11,647,386
- Gross receipts
- $22,382,656
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2012
- 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 |
|---|---|---|---|
| JAIME RAE TURNBULL | EXECUTIVE DIRECTOR Officer | 40 | $240,000 |
| A PAUL SCHAAP | PRESIDENT-TREASURER-DIRECTOR Trustee or director, Officer | 4 | $0 |
| PAUL LAVINS | SECRETARY-DIRECTOR Trustee or director, Officer | 1 | $0 |
| BARBARA DETWILER | DIRECTOR Trustee or director | 1 | $0 |
| MARK MCCOURT | DIRECTOR Trustee or director | 1 | $0 |
| EUGENE GARGARO JR | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS V CLIFF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAIME RAE TURNBULL | EXECUTIVE DIRECTOR Officer | 40 | $210,000 |
| A PAUL SCHAAP | PRESIDENT-TREASURER-DIRECTOR Trustee or director, Officer | 4 | $0 |
| PAUL LAVINS | SECRETARY-DIRECTOR Trustee or director, Officer | 1 | $0 |
| BARBARA DETWILER | DIRECTOR Trustee or director | 1 | $0 |
| MARK MCCOURT | DIRECTOR Trustee or director | 1 | $0 |
| EUGENE GARGARO JR | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS V CLIFF | DIRECTOR Trustee or director | 1 | $0 |
| CAROL SCHAAP | DIRECTOR-PART YEAR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 26622 WOODWARD AVE STE 225, ROYAL OAK, MI 48067-0976
- In care of
- % DALE KRAJNIAK
- Principal officer (990 for 2024)
- A PAUL SCHAAP, 26622 WOODWARD AVE 225, ROYAL OAK, MI 48067
- Signed the 990
- A PAUL SCHAAP, PRESIDENT
- Phone
- (248) 837-1397
- Return prepared by
- PLANTE & MORAN PLLC
Mission
CULTURAL FACILITY ESTABLISHMENT AND BLIGHT REMOVAL
Program accomplishments
- ART CENTER DEVELOPMENT COSTS: DURING 2024, FUNDS CONTINUE TO BE RAISED AND EXPENSES HAVE BEEN INCURRED RELATED TO THE DEVELOPMENT OF PROPERTY INTO A PERFORMING ARTS CENTER.
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
- 45-4842669
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $48,210,557
- Income (IRS master file)
- $22,382,656
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,452,898 | $637,359 | $48,210,557 | IRS |
| 990 | December 2023 | $10,531,514 | $542,353 | $28,058,103 | XML |
| 990 | December 2022 | $6,405,060 | $362,599 | $16,495,275 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 45-4842669).
Questions about URBAN RENEWAL INITIATIVE FOUNDATION
- What is the EIN of URBAN RENEWAL INITIATIVE FOUNDATION?
- The employer identification number (EIN) of URBAN RENEWAL INITIATIVE FOUNDATION is 45-4842669.
- Is URBAN RENEWAL INITIATIVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to URBAN RENEWAL INITIATIVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does URBAN RENEWAL INITIATIVE FOUNDATION 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 URBAN RENEWAL INITIATIVE FOUNDATION 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 URBAN RENEWAL INITIATIVE FOUNDATION 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 URBAN RENEWAL INITIATIVE FOUNDATION?
- The 990 for the year ended December 31, 2024 names A PAUL SCHAAP.
- Who are the officers and directors of URBAN RENEWAL INITIATIVE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $240,000 (JAIME RAE TURNBULL, EXECUTIVE DIRECTOR).
- How much revenue does URBAN RENEWAL INITIATIVE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,452,898, expenses of $637,359 and total assets of $48,210,557 at year end.
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