NonprofitsAccounting Aid Society

Community Improvement & Capacity Building

Accounting Aid Society

DETROIT, MI

Total revenue

$3.8M

Total expenses

$4.0M

Net assets

$2.0M

Grants received

$7.0M

100 grants

EIN

237310753

Tax year

2023

Mission

Accounting Aid Societys mission is to help grow an economy for individuals, families and small businesses in Detroit and Southeastern Michigan. We do this by providing free tax preparation, small business financial services, financial coaching and call center workforce training.

Programs

1 program

The Accounting Aid Academy guides micro-entrepreneurs in historically underserved neighborhoods to achieve sustainability and growth in their financial operations. Trained staff provides education and technical services to small business owners on topics that are instrumental in their success, such as tax preparation, record keeping, tracking revenue and expenses, financial statements, accounting software, and other issues identified by clients and staff.

Expenses: $320K

Financials

FY 2023

Revenue

Contributions & grants$3.6M
Program service revenue$183K
Investment income$19K
Other revenue
Total revenue$3.8M

Expenses

Grants paid
Salaries & benefits$3.1M
Fundraising$419K
Other expenses$897K
Total expenses$4.0M
Total assets$3.0M
Net assets$2.0M

People

22 listed

NameRoleCompensation

Priscilla Perkins

President and CEO

Board

$137K

40 hrs/wk

Harry Fredrick Cook

Senior Director of Fin and Ad

Board

$97K

40 hrs/wk

Dion D Stevens

Director

Board

2 hrs/wk

David T Rehrauer

Director

Board

2 hrs/wk

Gregory A Nowak

Director

Board

2 hrs/wk

Nick Quigley

Director

Board

2 hrs/wk

Brendan Sullivan

Director

Board

2 hrs/wk

Deborah Gordon

Director

Board

2 hrs/wk

Kevin Patterson

Director

Board

2 hrs/wk

Alan C Young

Director

Board

2 hrs/wk

Micheal Dixon

Director

Board

2 hrs/wk

Anthony McCree

Director

Board

2 hrs/wk

Patricia Mousseau

Secretary

Board

2 hrs/wk

Kenneth Bluhm

Director

Board

2 hrs/wk

Robert Zalewski

Director

Board

2 hrs/wk

Diane Dossin

Director

Board

2 hrs/wk

Audrey Harvey

Director

Board

2 hrs/wk

Lisa Fort

Director

Board

2 hrs/wk

Richard Favor

Director

Board

2 hrs/wk

LaShanda Davis

Director

Board

2 hrs/wk

Jeramey J Lynch

Board Chair

Board

2 hrs/wk

John Anstett

Treasurer

Board

2 hrs/wk

Grants received

Showing 100 of 100

FromAmountPurposeYear
$200K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$152K
HUMAN SERVICES
2024
$59K
PROGRAM SUPPORT
2024
$30K
ECONOMIC PROGRESS
2024
$25K
PROJECT SUPPORT TO EXPAND NEIGHBORHOOD TAX PREP SERVICES
2024
$10K
Trustee Matching Grant
2024
$305K
Grant to support AARP Foundation's Tax and Credit program
2023
$202K
HUMAN SERVICES
2023
$199K
FREE TAX PREP EXPANSION GRANT AND DATA COLLECTION GRANT
2023
$160K
FORD RESOURCES AND ENGAGEMENT CENTERS
2023
$100K
Jobs and Family Economic Security
2023
$37K
For grant recipient's exempt purposes
2023
$25K
THIS GRANT PROVIDES PROJECT SUPPORT TO ACCOUNTING AID SOCIETY TO EXPAND TAX PREPARATION CAPACITY IN DETROITS NEIGHBORHOODS, AS PART OF THE DETROIT TAX CREDIT COALITION.
2023
$15K
ACCOUNTING AID SOCIETY TAX EQUITY AND ASSISTANCE
2023
$10K
SPECIAL GRANTS
2023
$10K
ECONOMIC PROGRESS
2023
$10K
ENTREPRENEURSHIP
2023
$10K
ENTREPRENEURSHIP
2023
$10K
ENTREPRENEURSHIP
2023
$8K
ENTREPRENEURSHIP
2023
$8K
IN MEMORY OF, MICHAEL THAIN CAMERON AND MARTHA CAVANAGH CAMERON TO BE USED FOR THE TAX ASSISTANCE OR NON-PROFIT SERVICES PROGRAMS.
2023
$7K
ENTREPRENEURSHIP
2023
$7K
ENTREPRENEURSHIP
2023
$6K
ENTREPRENEURSHIP
2023
$5K
Volunteer Income Tax Assistance Support
2023
$5K
SUPPORT FOR GENERAL USE
2023
$5K
TRUSTEE MATCHING GRANT
2023
$5K
FINANCIAL LITERACY
2023
$1K
GENERAL OPERATING SUPPORT
2023
$201K
GENERAL OPERATIONS/HUMAN SERVICES PROGRAM
2022
$200K
Grant to support AARP Foundation's Tax and Credit program
2022
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022
$160K
FORD RESOURCES AND ENGAGEMENT CENTERS
2022
$101K
FREE TAX PREP EXPANSION GRANT AND DATA COLLECTION GRANT
2022
$100K
General Operations
2022
$50K
PROGRAM/OPERATING SUPPORT
2022
$25K
PROGRAM SUPPORT
2022
$15K
2022 Tax Assistance Program
2022
$10K
Operating Grant
2022
$10K
ECONOMIC PROGRESS
2022
$10K
GENERAL PURPOSE
2022
$6K
For grant recipient's exempt purposes
2022
$5K
General Program Support and 50th Anniversary Celebration
2022
$5K
FINANCIAL LITERACY
2022
$1K
GENERAL OPERATING SUPPORT
2022
$500
TO PROVIDE TAX SERVICES TO LOW INCOME INDIVIDUALS AND BUSINESSES
2022
$250K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$101K
HOME HEATING CREDIT UPTAKE INITIATIVE
2021
$100K
Annual Operations
2021
$12K
For grant recipient's exempt purposes
2021
$12K
For grant recipient's exempt purposes
2021
$10K
GENERAL PURPOSE
2021
$6K
DONOR DESIGNATION
2021
$5K
FINANCIAL LITERACY
2021
$5K
Low Income Taxpayer Clinic Expanded Outreach and Education
2021
$5K
COVID Relief Through Tax Assistance Program
2021
$1K
GENERAL OPERATING SUPPORT
2021
$250K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2020
$160K
FINANCIAL COACHING
2020
$100K
General Operations
2020
$65K
FORD RESOURCE AND ENGAGEMENT CENTERS
2020
$50K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2020
$40K
See Attached General Explanation
2020
$39K
GENERAL OPERATIONS/ACOUNTING & TAX ASSISTANCE
2020
$30K
ECONOMIC PROGRESS
2020
$30K
IMPROVEMENTS IN DELIVERY OF LEGAL SERVICES
2020
$20K
ECONOMIC PROGRESS
2020
$15K
GENERAL PURPOSE
2020
$14K
For grant recipient's exempt purposes
2020
$10K
PROGRAM SUPPORT
2020
$9K
COMMUNITY NEEDS
2020
$8K
2021 COVID Relief Through Tax Assistance Program
2020
$5K
FINANCIAL LITERACY
2020
$5K
TRUSTEE MATCHING GRANT
2020
$1K
GENERAL OPERATING SUPPORT
2020
$300
Matching Gifts
2020
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2018
$183K
COMMUNITY INVESTMENT
2018
$125K
FORD RESOURCE AND ENGAGEMENT CENTERS
2018
$50K
PROGRAM/OPERATING SUPPORT
2018
$20K
GENERAL PURPOSE
2018
$3K
COMMUNITY NEEDS
2018
$2K
GENERAL OPERATING SUPPORT
2018
$283K
COMMUNITY INVESTMENT
2017

Funded by

$7.0M from 30 funders · 100 grants · 2017–2024

United Way For Southeastern Michigan

$1.9M · 10 grants · 2017–2023

Jpmorgan Chase Foundation

$1.4M · 12 grants · 2018–2024

Community Foundation For Southeast

$753K · 5 grants · 2020–2024

Ford Motor Company Fund

$521K · 6 grants · 2018–2023

Aarp Foundation

$505K · 2 grants · 2022–2023

Community Economic Development

$402K · 3 grants · 2021–2023

McGregor Fund

$300K · 3 grants · 2020–2022

Elizabeth Allan & Warren Shelden Fund

$200K · 4 grants · 2020–2024

Details

EIN237310753
NTEE codeS50Z
Subsection03
Ruling date1976-01
Formed1972
Employees67
Volunteers300
ACCOUNTING AID SOCIETY — Mission, Financials & Grants Received | Grantivo