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Nonprofiteer
← GRAND RAPIDS SYMPHONY FOUNDATION

Form 990 for tax year 2022

Filed by GRAND RAPIDS SYMPHONY FOUNDATION.

Totals

Total revenue
$339,322
Total expenses
$1,757,720
Contributions and grants received
$9,499
Grants paid
$1,545,000
Program service revenue
$0
Investment income
$329,823
Other revenue
$0
Total assets, end of year
$27,529,242
Total liabilities, end of year
$15,876
Net assets or fund balances, end of year
$27,513,366
Program services expenses (Part IX)
$1,556,047
Management and general expenses
$149,236
Fundraising expenses
$52,437
Program service expenses (Part III)
$1,556,047

Program services were 88.5% 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

    $9,499

  • 3 · Investment income

    total $728,454 · excluded $728,454

  • 7a · Gross sales of assets other than inventory

    securities $9,098,362

  • 7b · Less cost or other basis and sales expenses

    securities $9,496,993

  • 7c · Gain or loss

    securities -$398,631

  • 7d · Net gain or loss

    total -$398,631 · excluded -$398,631

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,545,000 · program services $1,545,000

  • 11a · Fees: management

    total $121,905 · program services $7,007 · management and general $63,807 · fundraising $51,091

  • 11c · Fees: accounting

    total $8,229 · management and general $8,229

  • 11f · Fees: investment management

    total $74,782 · management and general $74,782

  • 13 · Office expenses

    total $879 · management and general $687 · fundraising $192

  • 16 · Occupancy

    total $6,925 · program services $4,040 · management and general $1,731 · fundraising $1,154

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $30,802 · end of year $34,457

  • 7 · Other notes and loans receivable

    beginning of year $1,951,028 · end of year $1,951,028

  • 11 · Investments: publicly traded securities

    beginning of year $24,344,953 · end of year $23,997,061

  • 12 · Investments: other securities

    beginning of year $112,132 · end of year $117,008

  • 15 · Other assets

    beginning of year $458,606 · end of year $1,429,688

  • 17 · Accounts payable and accrued expenses

    end of year $7,000

  • 25 · Other liabilities

    beginning of year $10,366 · end of year $8,876

  • 27 · Net assets without donor restrictions

    beginning of year -$2,484,722 · end of year -$1,872,886

  • 28 · Net assets with donor restrictions

    beginning of year $29,371,877 · end of year $29,386,252

Mission and programs · 2022

Mission

SUPPORTS THE OPERATIONS AND PROGRAMS OF THE GRAND RAPIDS SYMPHONY SOCIETY BY SUSTAINING THE ORCHESTRA'S CONCERT, MUSIC EDUCATION AND ACCESSIBILITY PROGRAMMING ACROSS WEST MICHIGAN.

Activities or mission (Part I)

SUPPORTS THE OPERATIONS AND PROGRAMS OF THE GRAND RAPIDS SYMPHONY SOCIETY THROUGH SUSTAINMENT OF THE ORCHESTRA'S CONCERT, MUSIC EDUCATION AND ACCESSIBILITY PROGRAMMING ACROSS WEST MICHIGAN.

  • CONTRIBUTIONS TO THE GRAND RAPIDS SYMPHONY SOCIETY.

    Expenses $1,556,047 · Grants $1,545,000

As filed on the 2022 return.

Listed in Part VII

  • MARY TUUK KURAS

    OUTGOING PRE

    Total calculated
    $204,442
    From this org
    $0
    From related orgs
    $180,109
    Other
    $24,333
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $180,109 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $24,333 related
    Filer's total
    not reported + $204,442 related

  • CHUCK FRAYER

    INTERIM PRES

    Total calculated
    $0
    Hours/week
    1

  • KEITH ELDER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER REMONDINO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LAINA MILLS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • ROBERT COLLIER

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    1

  • MILT ROHWER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PING LIANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIKE VERHULST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN VOGEL-VANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

None.

Answered no

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

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
2022
Filed
21 February 2024
IRS schema version
2022v5.0
Source object
202410649349300416

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