Form 990 for tax year 2024
Filed by GRAND RAPIDS AREA COMMUNITY ENGAGEMENT FUND GRACE FUND.
Totals
- Total revenue
- $215,500
- Total expenses
- $299,031
- Contributions and grants received
- $215,000
- Grants paid
- $31,185
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $500
- Total assets, end of year
- $77,583
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $77,583
- Program services expenses (Part IX)
- $259,687
- Management and general expenses
- $39,344
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $259,687
Program services were 86.8% 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
$215,000
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS REFUNDS
total $500 · related or exempt $500
-
11e · Other revenue, total
$500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $31,185 · program services $31,185
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $33,566 · management and general $33,566
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $95,000 · program services $95,000
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $5,578 · management and general $5,578
-
14 · Information technology
total $200 · management and general $200
-
15 · Royalties
total $0
-
16 · Occupancy
total $620 · program services $620
-
17 · Travel
total $29,396 · program services $29,396
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $22,787 · program services $22,787
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Food & Dining
total $41,285 · program services $41,285
-
24b · Other expenses: sponsorships
total $13,569 · program services $13,569
-
24c · Other expenses: Gifts
total $10,771 · program services $10,771
-
24d · Other expenses: Miscellaneous
total $6,929 · program services $6,929
-
24e · All other expenses
total $8,145 · program services $8,145
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $161,085 · end of year $77,583
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $161,085 · end of year $77,583
Mission and programs · 2024
Mission
To operate exclusively for the promotion of civic action and social welfare by promoting the common good and general welfare of the residents of, and visitors to, the State of Michigan; To support public policies on the federal, state, and local levels that will bring about civic betterments and social improvements to Michigan residents; To support activities and programs that improve the quality and effectiveness of government for the State of Michigan; To promote, encourage, and advocate citizen participation in civic events.
-
Support activities and programs that improve the quality and effectiveness of local and state government by lessening the burdens of government in the state of Michigan
Expenses $214,933
-
Donations and gifts to promote social welfare and charitable causes, including lessening the burdens of government in the State of Michigan
Expenses $31,185 · Grants $31,185
-
Sponsorship of events to support activities and programs that align with the organization's exempt purpose
Expenses $13,569
As filed on the 2024 return.
Listed in Part VII
-
NANCY GARBER
President
- Total calculated
- $0
- Hours/week
- 1
-
WENDY FALB
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
PAUL BEACH
SECRETARY/TREAS
- Total calculated
- $0
- Hours/week
- 1
-
RENAE MOORE
ASST SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ALLISON CHOREY
ASST TREASURER
- 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.
Grants on this return
-
$10,000
GENERAL SUPPORT
-
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503169349302705
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