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Nonprofiteer
← RIGHT PLACE FOUNDATION

Form 990 for tax year 2023

Filed by RIGHT PLACE FOUNDATION.

Totals

Total revenue
$1,749,506
Total expenses
$1,333,210
Contributions and grants received
$1,749,506
Grants paid
$1,331,675
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,827,678
Total liabilities, end of year
$146,000
Net assets or fund balances, end of year
$1,681,678
Program services expenses (Part IX)
$1,331,675
Management and general expenses
$1,535
Fundraising expenses
$0
Program service expenses (Part III)
$1,331,675

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,749,506

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,331,675 · program services $1,331,675

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 13 · Office expenses

    total $535 · management and general $535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,920 · end of year $8,435

  • 3 · Pledges and grants receivable

    beginning of year $1,402,662 · end of year $1,819,243

  • 25 · Other liabilities

    beginning of year $155,200 · end of year $146,000

  • 28 · Net assets with donor restrictions

    beginning of year $1,265,382 · end of year $1,681,678

Mission and programs · 2023

Mission

TO LESSEN THE BURDENS OF GOVERNMENT BY PERFORMING ECONOMIC DEVELOPMENT SERVICES FOR KENT COUNTY, FOR THE CITY OF GRAND RAPIDS, AND FOR TOWNSHIPS AND OTHER LOCAL UNITS OF GOVERNMENT IN AND AROUND KENT COUNTY, MICHIGAN, THAT WOULD OTHERWISE PROVIDE SUCH SERVICES THEMSELVES; AND TO SOLICIT, RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR SUCH CHARITABLE PURPOSES.

  • THE FOUNDATION SUPPORTS ACTIVITIES TO RETAIN, EXPAND AND ATTRACT BUSINESS IN THE GREATER GRAND RAPIDS AREA AT THE RIGHT PLACE INC. THE FOUNDATION RECEIVES CONTRIBUTIONS FROM THE PUBLIC AND PROVIDES GRANTS TO THE RIGHT PLACE INC. AND THE RESEARCH AND TECHNOLOGY INSTITUTE OF WEST MICHIGAN.

    Expenses $1,331,675 · Grants $1,331,675

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RANDY THELEN

    PRESIDENT

    Total calculated
    $548,667
    From this org
    $0
    From related orgs
    $495,985
    Other
    $52,682
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,985 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $43,500 related
    Nontaxable benefits
    $0 + $9,182 related
    Filer's total
    $0 + $548,667 related

  • TINA FREESE DECKER

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BILL PINK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STEVE DOWNING

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • NORMAN J BEAUCHAMP JR MD MHS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BLAKE W KRUEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PHILOMENA MANTELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GARRICK J ROCHOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RENEE C TABBEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID VAN ANDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SEAN P WELSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JIM TEETS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JANE TIERNEY

    ASSISTANT TREASURER & SVP FINANCE

    Total calculated
    $170,198
    From this org
    $0
    From related orgs
    $149,989
    Other
    $20,209
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,989 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,800 related
    Nontaxable benefits
    $0 + $12,409 related
    Filer's total
    $0 + $170,198 related

  • TWAYNE HOWARD

    FORMER ASSISTANT TREASURER & COO

    Total calculated
    $136,496
    From this org
    $0
    From related orgs
    $123,663
    Other
    $12,833
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,663 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,833 related
    Filer's total
    $0 + $136,496 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
TWAYNE HOWARD'S TOTAL COMPENSATION AND NONTAXABLE BENEFITS OF $136,496 WERE SEVERENCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
3 September 2024
IRS schema version
2023v5.1
Source object
202412489349300736

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