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Nonprofiteer
← GRAND HAVEN AREA COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by GRAND HAVEN AREA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$17,344,326
Total expenses
$11,762,215
Contributions and grants received
$7,786,941
Grants paid
$9,424,307
Program service revenue
$0
Investment income
$9,557,385
Other revenue
$0
Total assets, end of year
$182,746,977
Total liabilities, end of year
$454,263
Net assets or fund balances, end of year
$182,292,714
Program services expenses (Part IX)
$10,010,583
Management and general expenses
$1,078,330
Fundraising expenses
$673,302
Program service expenses (Part III)
$10,010,583

Program services were 85.1% 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.

  • 1d · Related organizations

    $1,060,000

  • 1f · All other contributions, gifts and grants

    $6,726,941

  • 1g · Noncash contributions included above

    $1,353,465

  • 3 · Investment income

    total $3,943,880 · excluded $3,943,880

  • 7a · Gross sales of assets other than inventory

    securities $7,219,460

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

    securities $1,605,955

  • 7c · Gain or loss

    securities $5,613,505

  • 7d · Net gain or loss

    total $5,613,505 · excluded $5,613,505

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,765,157 · program services $8,765,157

  • 2 · Grants to domestic individuals

    total $659,150 · program services $659,150

  • 5 · Compensation of officers, directors and key employees

    total $317,427 · program services $95,228 · management and general $126,971 · fundraising $95,228

  • 7 · Other salaries and wages

    total $937,949 · program services $293,080 · management and general $330,847 · fundraising $314,022

  • 8 · Pension plan contributions

    total $74,431 · program services $22,035 · management and general $27,766 · fundraising $24,630

  • 9 · Other employee benefits

    total $110,170 · program services $32,619 · management and general $41,125 · fundraising $36,426

  • 10 · Payroll taxes

    total $83,943 · program services $25,557 · management and general $31,245 · fundraising $27,141

  • 11b · Fees: legal

    total $16,686 · management and general $16,686

  • 11c · Fees: accounting

    total $48,152 · management and general $48,152

  • 11f · Fees: investment management

    total $216,886 · management and general $216,886

  • 12 · Advertising and promotion

    total $56,401 · program services $6,573 · management and general $7,148 · fundraising $42,680

  • 13 · Office expenses

    total $27,860 · program services $7,927 · management and general $10,877 · fundraising $9,056

  • 14 · Information technology

    total $82,916 · program services $24,589 · management and general $33,738 · fundraising $24,589

  • 16 · Occupancy

    total $37,440 · program services $11,103 · management and general $15,234 · fundraising $11,103

  • 17 · Travel

    total $21,730 · program services $6,314 · management and general $11,159 · fundraising $4,257

  • 19 · Conferences, conventions and meetings

    total $45,240 · program services $11,976 · management and general $22,896 · fundraising $10,368

  • 22 · Depreciation, depletion and amortization

    total $79,606 · management and general $79,606

  • 23 · Insurance

    total $15,600 · program services $4,626 · management and general $6,348 · fundraising $4,626

  • 24a · Other expenses: FACILITY EXPENSES

    total $61,363 · program services $18,197 · management and general $24,969 · fundraising $18,197

  • 24b · Other expenses: AFFILIATED EXPENSES

    total $42,121 · program services $18,253 · management and general $5,615 · fundraising $18,253

  • 24c · Other expenses: PUBLIC RELATIONS

    total $25,475 · fundraising $25,475

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $13,365 · program services $4,765 · management and general $4,711 · fundraising $3,889

  • 24e · All other expenses

    total $23,147 · program services $3,434 · management and general $16,351 · fundraising $3,362

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,811,407 · end of year $3,296,642

  • 2 · Savings and temporary cash investments

    beginning of year $12,421,750 · end of year $6,835,922

  • 3 · Pledges and grants receivable

    beginning of year $597,000 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $20,317 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,964 · end of year $253,317

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

    $3,666,639

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

    $76,097

  • 10c · Land, buildings and equipment, net

    beginning of year $1,183,301 · end of year $3,590,542

  • 11 · Investments: publicly traded securities

    beginning of year $138,767,945 · end of year $164,962,453

  • 13 · Investments: program-related

    beginning of year $3,365,653 · end of year $3,236,630

  • 15 · Other assets

    beginning of year $0 · end of year $571,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,505 · end of year $122,983

  • 18 · Grants payable

    beginning of year $405,677 · end of year $249,723

  • 25 · Other liabilities

    beginning of year $83,443 · end of year $81,557

  • 27 · Net assets without donor restrictions

    beginning of year $157,630,712 · end of year $182,292,714

Mission and programs · 2023

Mission

THE GRAND HAVEN AREA COMMUNITY FOUNDATION IS GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES. OUR MISSION: WE ENHANCE THE QUALITY OF LIFE FOR ALL BY WORKING TOGETHER TO COLLECTIVELY ADDRESS CHALLENGES AND OPPORTUNITIES THROUGHOUT WEST MICHIGAN. OUR VISION: WE ADVANCE THE WELL BEING OF OUR COMMUNITIES BY CREATING THE VERY BEST PLACES TO LIVE, LEARN, WORK, GIVE AND ENGAGE. WE STRIVE FOR COMMUNITY IMPROVEMENT THROUGH STRATEGIC GRANTMAKING IN PRIORITY AREAS OF DIVERSITY & INCLUSION, EDUCATION, ECONOMIC & COMMUNITY BETTERMENT, HEALTH & HUMAN SERVICES, ARTS & CULTURE AND THE ENVIRONMENT, WITHOUT DISCRIMINATION AS TO RACE, COLOR OR CREED.

Activities or mission (Part I)

THE FOUNDATION RECEIVES GIFTS, BEQUESTS, AND DONATIONS TO BE HELD IN TRUST AND ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, PRIMARILY IN AND FOR, BUT NOT LIMITED TO, THE BENEFIT OF THE PEOPLE OF OTTAWA COUNTY AND THE WESTERN MICHIGAN AREA.

  • FOR THE COMPETITIVE GRANT PROGRAM, OUR PROGRAM SERVICE ACCOMPLISHMENTS FOCUS ON THE FOLLOWING PRIORITY AREAS: ARTS & CULTURE, DIVERSITY & INCLUSION, ENVIRONMENT, EDUCATION, ECONOMIC & COMMUNITY BETTERMENT, HEALTH & HUMAN SERVICES. ALL ORGANIZATIONS STATE IN WRITING HOW THEY WILL USE THE FUNDS AWARDED. THEY ARE ALSO REQUIRED TO SUBMIT AN EVALUATION REPORT ON HOW THE FUNDS WERE USED. THE GRANTS COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD OF TRUSTEES AND THE BOARD VOTES ON THE GRANTS FOR APPROVAL OR DENIAL AT THEIR QUARTERLY MEETINGS. FOR ALL OTHER GRANT AWARDS, A GRANT RECOMMENDATION FORM IS SUBMITTED BY THE APPROPRIATE FUND REPRESENTATIVE. COMMUNITY FOUNDATION STAFF FOLLOW DUE DILIGENCE PROTOCOL IN CONFIRMING THE CHARITABLE STATUS OF THE GRANTEE ORGANIZATION. THE BOARD OF TRUSTEES REVIEWS AND APPROVES THESE GRANTS AS PART OF THEIR QUARTERLY MEETINGS. THE GRANT CHECK IS ISSUED DIRECTLY TO THE NONPROFIT ORGANIZATION WITH A COVER LETTER IDENTIFYING THE FUND FROM WHICH THE GRANT IS AWARDED AND THE SPECIFIC PURPOSE OF THE GRANT.

    Expenses $10,010,583 · Grants $9,424,307

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

Listed in Part VII

  • Mark Pereira

    TRUSTEE - PART YEAR (JAN-MAY)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barbara Vanheest

    TRUSTEE - PART YEAR (JAN-MAY)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Keith Konarska

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Anderson

    TRUSTEE/BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pat Verduin

    TRUSTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Reyna Masko

    TRUSTEE - PART YEAR (JUNE-DEC)

    Total calculated
    $0
    Hours/week
    1

  • Rob Peel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Natalia Kovicak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shirley Woodruff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Carole Cotter

    TRUSTEE/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Swain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brandon Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dean Reisner

    TRUSTEE - PART YEAR (JUNE-DEC)

    Total calculated
    $0
    Hours/week
    1

  • Hadley Streng

    PRESIDENT

    Total calculated
    $317,429
    From this org
    $270,145
    From related orgs
    $0
    Other
    $47,284
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,504
    Bonus
    $17,041
    Other
    $600
    Deferred
    $19,570
    Nontaxable benefits
    $27,714
    Filer's total
    $317,429

  • Christopher Riker

    V.P. ADVANCEMENT & DONOR S

    Total calculated
    $169,514
    From this org
    $138,543
    From related orgs
    $0
    Other
    $30,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,943
    Bonus
    $0
    Other
    $600
    Deferred
    $10,810
    Nontaxable benefits
    $20,161
    Filer's total
    $169,514

  • Holly Cole

    V.P. GRANTS & PROGRAM

    Total calculated
    $149,962
    From this org
    $128,110
    From related orgs
    $0
    Other
    $21,852
    Hours/week
    40

  • Patricia MacDonald

    V.P. FINANCE & ADMINISTRAT

    Total calculated
    $142,163
    From this org
    $130,864
    From related orgs
    $0
    Other
    $11,299
    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. 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 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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ONE SOUTH HARBOR PARKING LOT LLC

    CAPITAL HOLDING · MI · income $0 · assets $550,428

    Directly controlled by GRAND HAVEN AREA COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
5 September 2024
IRS schema version
2023v5.1
Source object
202432649349300903

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

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