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Nonprofiteer
← GRAND RAPIDS COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by GRAND RAPIDS COMMUNITY FOUNDATION.

Totals

Total revenue
$27,259,830
Total expenses
$31,738,698
Contributions and grants received
$13,396,257
Grants paid
$24,180,887
Program service revenue
$0
Investment income
$13,818,197
Other revenue
$45,376
Total assets, end of year
$483,567,970
Total liabilities, end of year
$6,297,129
Net assets or fund balances, end of year
$477,270,841
Program services expenses (Part IX)
$25,827,983
Management and general expenses
$4,395,851
Fundraising expenses
$1,514,864
Program service expenses (Part III)
$25,827,983

Program services were 81.4% 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.

  • 1a · Federated campaigns

    $28

  • 1e · Government grants (contributions)

    $317,512

  • 1f · All other contributions, gifts and grants

    $13,078,717

  • 1g · Noncash contributions included above

    $3,636,284

  • 3 · Investment income

    total $7,222,838 · unrelated business -$202,541 · excluded $7,425,379

  • 7a · Gross sales of assets other than inventory

    securities $6,595,359

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

    securities $0

  • 7c · Gain or loss

    securities $6,595,359

  • 7d · Net gain or loss

    total $6,595,359 · excluded $6,595,359

  • 11a · Other revenue: GRCF FEE INCOME

    total $45,376 · excluded $45,376

  • 11e · Other revenue, total

    $45,376

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,439,062 · program services $22,439,062

  • 2 · Grants to domestic individuals

    total $1,741,825 · program services $1,741,825

  • 5 · Compensation of officers, directors and key employees

    total $1,158,444 · program services $219,395 · management and general $612,375 · fundraising $326,674

  • 7 · Other salaries and wages

    total $2,094,346 · program services $726,559 · management and general $747,526 · fundraising $620,261

  • 8 · Pension plan contributions

    total $132,269 · program services $42,761 · management and general $50,593 · fundraising $38,915

  • 9 · Other employee benefits

    total $392,355 · program services $130,295 · management and general $150,933 · fundraising $111,127

  • 10 · Payroll taxes

    total $227,742 · program services $67,466 · management and general $94,140 · fundraising $66,136

  • 11b · Fees: legal

    total $14,974 · program services $3,584 · management and general $5,001 · fundraising $6,389

  • 11c · Fees: accounting

    total $52,725 · management and general $52,725

  • 11f · Fees: investment management

    total $2,245,200 · management and general $2,245,200

  • 11g · Fees: other

    total $44,167 · program services $12,501 · management and general $17,443 · fundraising $14,223

  • 13 · Office expenses

    total $253,896 · program services $71,920 · management and general $111,471 · fundraising $70,505

  • 14 · Information technology

    total $62,554 · program services $17,705 · management and general $24,705 · fundraising $20,144

  • 16 · Occupancy

    total $192,640 · program services $74,860 · management and general $65,101 · fundraising $52,679

  • 19 · Conferences, conventions and meetings

    total $40,853 · program services $12,102 · management and general $16,887 · fundraising $11,864

  • 22 · Depreciation, depletion and amortization

    total $149,524 · program services $44,294 · management and general $61,808 · fundraising $43,422

  • 23 · Insurance

    total $12,729 · program services $3,065 · management and general $6,659 · fundraising $3,005

  • 24a · Other expenses: COMPONENT FUND

    total $104,253 · program services $104,253

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $90,847 · program services $21,877 · management and general $47,524 · fundraising $21,446

  • 24c · Other expenses: PRINTING & PUBLICATION

    total $78,412 · program services $3,105 · management and general $38,298 · fundraising $37,009

  • 24d · Other expenses: PUBLIC RELATIONS

    total $77,741 · program services $23,030 · management and general $32,135 · fundraising $22,576

  • 24e · All other expenses

    total $132,140 · program services $68,324 · management and general $15,327 · fundraising $48,489

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,736,188 · end of year $11,018,664

  • 3 · Pledges and grants receivable

    beginning of year $3,451,714 · end of year $2,735,745

  • 7 · Other notes and loans receivable

    beginning of year $2,337,397 · end of year $1,615,870

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,187 · end of year $5,547

  • 10a · Land, buildings and equipment: cost or other basis

    $5,814,470

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,999,028

  • 10c · Land, buildings and equipment, net

    beginning of year $2,913,641 · end of year $2,815,442

  • 11 · Investments: publicly traded securities

    beginning of year $340,890,413 · end of year $365,003,549

  • 12 · Investments: other securities

    beginning of year $81,932,243 · end of year $93,426,182

  • 15 · Other assets

    beginning of year $6,740,356 · end of year $6,946,971

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,769 · end of year $189,431

  • 18 · Grants payable

    beginning of year $4,567,306 · end of year $5,072,952

  • 25 · Other liabilities

    beginning of year $1,422,835 · end of year $1,034,746

  • 27 · Net assets without donor restrictions

    beginning of year $415,985,849 · end of year $452,381,211

  • 28 · Net assets with donor restrictions

    beginning of year $23,911,380 · end of year $24,889,630

Mission and programs · 2024

Mission

OUR MISSION IS TO BUILD AND MANAGE OUR COMMUNITY'S PERMANENT ENDOWMENT AND LEAD THE COMMUNITY TO STRENGTHEN THE LIVES OF ITS PEOPLE.

Activities or mission (Part I)

TO BUILD THE CAPACITY OF THE NONPROFIT SECTOR, THE COMMUNITY FOUNDATION INVESTS IN INNOVATIVE MODELS, PROVEN PROGRAMS, POLICY AND ADVOCACY EFFORTS THROUGHOUT KENT COUNTY.

  • GRANTS AND SCHOLARSHIPS 1) HOUSING KENT - TO IMPLEMENT A COUNTY-WIDE COLLECTIVE IMPACT INITIATIVE TO ADVANCE HOUSING EQUITY BY ALIGNING CROSS-SECTOR PARTNERS, CENTERING LIVED EXPERIENCE, AND DRIVING SYSTEMS AND POLICY CHANGE. $500,000 GRANT.2) KENT SCHOOL SERVICES NETWORK - TO ENSURE STUDENTS HAVE ACCESS TO HOLISTIC, NON-ACADEMIC SUPPORTS THAT CREATE THE CONDITIONS FOR ACADEMIC SUCCESS. $450,000 GRANT.3) MICHIGAN IMMIGRANT RIGHTS CENTER - TO PROVIDE IMMIGRATION LEGAL SERVICES TO UNACCOMPANIED REFUGEE MINORS. $400,000 GRANT.

    Expenses $24,180,887 · Grants $24,180,887

  • CHARITABLE AND PHILANTHROPIC OPERATING EXPENSES ASSOCIATED WITH PROCESSING THE FOUNDATION'S GRANT APPLICATIONS, COMMUNITY LEADERSHIP ACTIVITIES AND PHILANTHROPIC SERVICES TO THE NON-PROFIT FIELD.

    Expenses $1,542,843

  • COMMUNITY INITIATIVES AND PROGRAM EXPENSES THOSE EXPENSES THAT COVER ACTIVITIES THAT COULD BE CARRIED OUT BY A PROGRAM WITH ITS OWN OR OTHERS' RESOURCES. CURRENTLY, THESE INITIATIVES ARE FOCUSED ON K-12 EDUCATION IN THE CITY OF GRAND RAPIDS. THESE ARE EXPENSES FOR SERVICES OR PROGRAM MATERIALS THAT ARE PAID TO PERSONS/ORGANIZATIONS THAT ARE NOT NOT-FOR-PROFITS. THESE INCLUDE ITEMS SUCH AS CONSULTING FEES FOR A PROJECT OR GENERAL OPERATING EXPENSES OF A FUND.

    Expenses $104,253

As filed on the 2024 return.

Listed in Part VII

  • Renee Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Caitlin Townsend Lamb

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Caldwell

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brandy Lovelady Mitchell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Long

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ken Fawcett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Kyros

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Emily Loeks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mercedes Barrigan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elaina Juarez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Isabel Landero

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Vogelsang

    TRUSTEE - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • Ana Ramirez-Saenz

    TRUSTEE - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • Lasandra Gaddy

    PRESIDENT

    Total calculated
    $225,227
    From this org
    $223,762
    From related orgs
    $0
    Other
    $1,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,440
    Bonus
    $0
    Other
    $8,322
    Deferred
    $0
    Nontaxable benefits
    $1,465
    Filer's total
    $225,227

  • Stan Vander Roest

    CFO/TREASURER

    Total calculated
    $209,034
    From this org
    $193,573
    From related orgs
    $0
    Other
    $15,461
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $175,123
    Bonus
    $0
    Other
    $18,450
    Deferred
    $12,360
    Nontaxable benefits
    $3,101
    Filer's total
    $209,034

  • Marilyn Zack

    VICE PRESIDENT

    Total calculated
    $197,913
    From this org
    $183,873
    From related orgs
    $0
    Other
    $14,040
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $165,423
    Bonus
    $0
    Other
    $18,450
    Deferred
    $11,115
    Nontaxable benefits
    $2,925
    Filer's total
    $197,913

  • Kate Luckert Schmid

    VICE PRESIDENT

    Total calculated
    $173,416
    From this org
    $161,785
    From related orgs
    $0
    Other
    $11,631
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $158,785
    Bonus
    $0
    Other
    $3,000
    Deferred
    $9,735
    Nontaxable benefits
    $1,896
    Filer's total
    $173,416

  • Ashley Lee

    VICE PRESIDENT

    Total calculated
    $143,731
    From this org
    $132,730
    From related orgs
    $0
    Other
    $11,001
    Hours/week
    37.5

  • Danielle Brown

    FINANCE DIRECTOR

    Total calculated
    $147,660
    From this org
    $136,994
    From related orgs
    $0
    Other
    $10,666
    Hours/week
    37.5

  • Christine Kutzli

    PROGRAM DIRECTOR

    Total calculated
    $131,745
    From this org
    $122,174
    From related orgs
    $0
    Other
    $9,571
    Hours/week
    37.5

  • Johngerlyn Young

    PHILANTHROPIC SERVICES DIRECTOR

    Total calculated
    $118,466
    From this org
    $110,023
    From related orgs
    $0
    Other
    $8,443
    Hours/week
    37.5

  • Diana Sieger

    FORMER PRESIDENT

    Total calculated
    $126,149
    From this org
    $118,278
    From related orgs
    $0
    Other
    $7,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,644
    Bonus
    $0
    Other
    $1,634
    Deferred
    $7,105
    Nontaxable benefits
    $766
    Filer's total
    $126,149

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349310808

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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