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Nonprofiteer
← THE GREENVILLE AREA COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by THE GREENVILLE AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$4,339,893
Total expenses
$2,053,788
Contributions and grants received
$1,380,089
Grants paid
$1,479,737
Program service revenue
$8,554
Investment income
$2,939,668
Other revenue
$11,582
Total assets, end of year
$50,889,365
Total liabilities, end of year
$3,317,160
Net assets or fund balances, end of year
$47,572,205
Program services expenses (Part IX)
$1,659,222
Management and general expenses
$365,241
Fundraising expenses
$29,325
Program service expenses (Part III)
$1,659,222

Program services were 80.8% 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

    $1,380,089

  • 2a · Program service revenue: Program Service Revenue

    total $8,554 · related or exempt $8,554

  • 3 · Investment income

    total $1,128,454 · related or exempt $1,128,454

  • 7a · Gross sales of assets other than inventory

    securities $4,194,965

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

    securities $2,383,751

  • 7c · Gain or loss

    securities $1,811,214

  • 7d · Net gain or loss

    total $1,811,214 · related or exempt $1,811,214

  • 11a · Other revenue: Other Revenue

    total $11,582 · related or exempt $11,582

  • 11e · Other revenue, total

    $11,582

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,175,962 · program services $1,175,962

  • 2 · Grants to domestic individuals

    total $303,775 · program services $303,775

  • 5 · Compensation of officers, directors and key employees

    total $123,751 · management and general $111,376 · fundraising $12,375

  • 7 · Other salaries and wages

    total $150,558 · program services $82,576 · management and general $58,062 · fundraising $9,920

  • 8 · Pension plan contributions

    total $4,381 · program services $2,473 · management and general $1,611 · fundraising $297

  • 10 · Payroll taxes

    total $20,746 · program services $6,317 · management and general $12,751 · fundraising $1,678

  • 11b · Fees: legal

    total $3,250 · management and general $3,250

  • 11c · Fees: accounting

    total $11,200 · management and general $11,200

  • 11f · Fees: investment management

    total $88,119 · program services $88,119

  • 13 · Office expenses

    total $8,258 · management and general $8,258

  • 14 · Information technology

    total $17,312 · management and general $17,312

  • 16 · Occupancy

    total $18,131 · management and general $18,131

  • 17 · Travel

    total $2,853 · management and general $2,853

  • 19 · Conferences, conventions and meetings

    total $4,816 · management and general $4,816

  • 22 · Depreciation, depletion and amortization

    total $38,562 · management and general $38,562

  • 23 · Insurance

    total $5,785 · management and general $5,785

  • 24a · Other expenses: AkoyaGo

    total $26,581 · management and general $26,581

  • 24b · Other expenses: Dues and subscriptions

    total $22,868 · management and general $22,868

  • 24c · Other expenses: Miscellaneous

    total $19,810 · management and general $19,810

  • 24d · Other expenses: Donor relations

    total $5,055 · fundraising $5,055

  • 24e · All other expenses

    total $2,015 · management and general $2,015

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,740 · end of year $278,071

  • 2 · Savings and temporary cash investments

    beginning of year $61,075 · end of year $59,066

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

    $879,363

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

    $164,854

  • 10c · Land, buildings and equipment, net

    beginning of year $748,676 · end of year $714,509

  • 11 · Investments: publicly traded securities

    beginning of year $42,712,618 · end of year $47,090,780

  • 12 · Investments: other securities

    beginning of year $1,864,206 · end of year $1,821,705

  • 15 · Other assets

    beginning of year $910,271 · end of year $925,234

  • 18 · Grants payable

    beginning of year $2,742,746 · end of year $2,330,454

  • 21 · Escrow or custodial account liability

    beginning of year $911,885 · end of year $983,802

  • 25 · Other liabilities

    beginning of year $3,195 · end of year $2,904

  • 27 · Net assets without donor restrictions

    beginning of year $41,797,489 · end of year $46,616,971

  • 28 · Net assets with donor restrictions

    beginning of year $910,271 · end of year $955,234

Mission and programs · 2024

Mission

The mission of the Greenville Area Community Foundation is to enhance the quality of life in the greater Greenville area. To do this it will attract and hold permanent endowment funds from a wide range of donors, it will manage these funds to assure safety and growth, it will make grants directed to the community's cultural, educational, social, environmental, recreational, and health related concerns and it will function as a community leader and catalyst.

  • The Foundation supports charitable, philanthropic, educational, literary, artistic or scientific undertakings in the Greenville, Michigan area. The Foundation is supported primarily through donor contributions and grants.

    Expenses $1,659,222 · Grants $1,479,737 · Revenue $2,959,804

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pete Blinkilde

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Eric Januzelli

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Amy Homich

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Dave Seppala

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dick Ellafrits

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Doug Hinken

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • MaryBeth Taylor

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles McNinch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Hoppough

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John O'Donald

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kris Stevens-Berry

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Susan Ayres

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Phil Tower

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Angie Peterman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alison Barberi

    President/CEO

    Total calculated
    $123,751
    From this org
    $120,153
    From related orgs
    $0
    Other
    $3,598
    Hours/week
    40

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
2 June 2025
IRS schema version
2024v5.1
Source object
202541549349301004

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

The source document this was parsed from is served over the API, which is where bulk and document access live.