Form 990 for tax year 2022
Filed by GRAND VALLEY UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $876,308
- Total expenses
- $585,137
- Contributions and grants received
- $811,806
- Grants paid
- $434,874
- Program service revenue
- $0
- Investment income
- $64,502
- Other revenue
- $0
- Total assets, end of year
- $4,058,074
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $4,058,074
- Program services expenses (Part IX)
- $515,985
- Management and general expenses
- $60,310
- Fundraising expenses
- $8,842
- Program service expenses (Part III)
- $515,985
Program services were 88.2% 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
$63,645
-
1f · All other contributions, gifts and grants
$748,161
-
3 · Investment income
total $29,860 · excluded $29,860
-
7a · Gross sales of assets other than inventory
securities $34,642
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $34,642
-
7d · Net gain or loss
total $34,642 · excluded $34,642
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $246,874 · program services $246,874
-
2 · Grants to domestic individuals
total $188,000 · program services $188,000
-
7 · Other salaries and wages
total $20 · fundraising $20
-
11c · Fees: accounting
total $13,450 · management and general $13,450
-
11f · Fees: investment management
total $5,507 · management and general $5,507
-
12 · Advertising and promotion
total $4,915 · program services $2,878 · management and general $1,714 · fundraising $323
-
13 · Office expenses
total $1,887 · program services $1,768 · management and general $22 · fundraising $97
-
17 · Travel
total $3,770 · program services $3,684 · management and general $9 · fundraising $77
-
19 · Conferences, conventions and meetings
total $118,930 · program services $72,702 · management and general $37,903 · fundraising $8,325
-
23 · Insurance
total $1,705 · management and general $1,705
-
24a · Other expenses: MISCELLANEOUS
total $79 · program services $79
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $187,252 · end of year $265,274
-
3 · Pledges and grants receivable
beginning of year $146,227 · end of year $258,728
-
13 · Investments: program-related
beginning of year $3,184,118 · end of year $3,534,072
-
28 · Net assets with donor restrictions
beginning of year $3,517,597 · end of year $4,058,074
Mission and programs · 2022
Mission
THE GRAND VALLEY UNIVERSITY FOUNDATION PROVIDES SUPPORT TO GRAND VALLEY STATE UNIVERSITY TO ASSIST IN ITS GOALS AND MISSION. THIS SUPPORT PROVIDES GRANTS AND SCHOLARSHIPS, FACULTY AND ACADEMIC PROGRAM DEVELOPMENT, CAPITAL MAINTENANCE AND GROWTH, AND LONG-TERM FISCAL SECURITY.
-
FUNDS RAISED BY THE GRAND VALLEY UNIVERSITY FOUNDATION BETWEEN JULY 1, 2022 AND JUNE 30, 2023 WERE TRANSFERRED TO GRAND VALLEY STATE UNIVERSITY (GVSU) FOR USE IN MEETING CAPITAL, OPERATING, AND INSTRUCTIONAL NEEDS; INCLUDING STUDENT SCHOLARSHIPS AND FACULTY SUPPORT. SOME GIFTS WERE ALSO MADE TO ENDOWMENT, HELPING ADDRESS RESTRICTED NEEDS (E.G. SCHOLARSHIPS AND SPECIAL PROGRAMMING) AND TO PROVIDE LONG-TERM FISCAL STABILITY THROUGH UNRESTRICTED ENDOWMENT. THESE PROGRAMS DIRECTLY AND INDIRECTLY BENEFITED APPROXIMATELY 22,000 STUDENTS ENROLLED AT GVSU DURING THE YEAR, AS WELL AS BENEFITED THE COMMUNITY THROUGH SPECIFIC PROGRAMS AND OVERALL ECONOMIC IMPACT OF GVSU SPENDING.
Expenses $515,985 · Grants $434,874
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Thomas J HaasTHOMAS J HAAS
DIRECTOR
- Total calculated
- $160,820
- From this org
- $0
- From related orgs
- $145,135
- Other
- $15,685
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $93,504 related
- Bonus
- $0
- Other
- $0 + $51,631 related
- Deferred
- $0 + $14,926 related
- Nontaxable benefits
- $0 + $759 related
- Filer's total
- $0 + $160,820 related
-
Arend D LubbersAREND D LUBBERS
DIRECTOR
- Total calculated
- $8,543
- From this org
- $0
- From related orgs
- $0
- Other
- $8,543
- Hours/week
- 2 + 15 related
-
Donna K BrooksDONNA K BROOKS
GENERAL CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
James Wf BrooksJAMES WF BROOKS
GENERAL CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel G DevosDANIEL G DEVOS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Pamella G DevosPAMELLA G DEVOS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Dorothy A JohnsonDOROTHY A JOHNSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Edward J ClarkEDWARD J CLARK
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Michael A BattsMICHAEL A BATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Laurie BeardLAURIE BEARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
M Catherine BissellM CATHERINE BISSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John H Bultema IIIJOHN H BULTEMA III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James V BuzzittaJAMES V BUZZITTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Guillermo CisnerosGUILLERMO CISNEROS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Samuel M CummingsSAMUEL M CUMMINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin P CusackKEVIN P CUSACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Todd CusterTODD CUSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jessie F DalmanJESSIE F DALMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Randall S DamstraRANDALL S DAMSTRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Matthew DecampMATTHEW DECAMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Garth D DeurGARTH D DEUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary D DewittGARY D DEWITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter J DewittPETER J DEWITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael S EllisMICHAEL S ELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Virginia L GearhartVIRGINIA L GEARHART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kala J GibsonKALA J GIBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael J GoorhouseMICHAEL J GOORHOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel A GordonDANIEL A GORDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John W GreenJOHN W GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Betty S Burton GroceBETTY S BURTON GROCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert D GrootersROBERT D GROOTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Edward J HanenburgEDWARD J HANENBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Art A HasseART A HASSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Matthew HaworthMATTHEW HAWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Doyle A HayesDOYLE A HAYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul C HillegondsPAUL C HILLEGONDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Larry W HinesLARRY W HINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Donnalee HoltonDONNALEE HOLTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
David S HookerDAVID S HOOKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jc HuizengaJC HUIZENGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tammy L HuizengaTAMMY L HUIZENGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Starr HumphriesSTARR HUMPHRIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jose A InfanteJOSE A INFANTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kyle S IrwinKYLE S IRWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nelson C JacobsonNELSON C JACOBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rabih M JamalRABIH M JAMAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael J JandernoaMICHAEL J JANDERNOA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bari S JohnsonBARI S JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Charles E Johnson IICHARLES E JOHNSON II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Holly A JohnsonHOLLY A JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James L JurriesJAMES L JURRIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert B KaminskiROBERT B KAMINSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Greg KaufmanGREG KAUFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James P KeaneJAMES P KEANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Christina L KellerCHRISTINA L KELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Fred P KellerFRED P KELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John C KennedyJOHN C KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Margaret KennedyMARGARET KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert L KersmanROBERT L KERSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mary L KramerMARY L KRAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael S LloydMICHAEL S LLOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy J LubbersNANCY J LUBBERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jean E MartinJEAN E MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Hubert W MasseyHUBERT W MASSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
David P MehneyDAVID P MEHNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Hank MeijerHANK MEIJER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark A MurrayMARK A MURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard W Muzzy JrRICHARD W MUZZY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Noreen K MyersNOREEN K MYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael K OlthoffMICHAEL K OLTHOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey S PadnosJEFFREY S PADNOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Shelley E PadnosSHELLEY E PADNOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Donald J PatonDONALD J PATON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Margaret E PotterMARGARET E POTTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Randell G PriceRANDELL G PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Aaron C RadeletAARON C RADELET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Larry J RobsonLARRY J ROBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert O RoskamROBERT O ROSKAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert W RothROBERT W ROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John G RussellJOHN G RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Timothy R SchowalterTIMOTHY R SCHOWALTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James R Sebastian JrJAMES R SEBASTIAN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Virginia M SeyferthVIRGINIA M SEYFERTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Victor ShepherdVICTOR SHEPHERD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark F SherwoodMARK F SHERWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Diana R SiegerDIANA R SIEGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jack P SmithJACK P SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Karen Henry StokesKAREN HENRY STOKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James M TeetsJAMES M TEETS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel W TerpsmaDANIEL W TERPSMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary L TilkinGARY L TILKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jerry L TubergenJERRY L TUBERGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Carol Van AndelCAROL VAN ANDEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard H VanderzydenRICHARD H VANDERZYDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael R VangesselMICHAEL R VANGESSEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthony VerplankANTHONY VERPLANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathleen B VogelsangKATHLEEN B VOGELSANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mitchell G WattMITCHELL G WATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Elizabeth WelchELIZABETH WELCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas G Welch JrTHOMAS G WELCH JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sean P WelshSEAN P WELSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott D WierdaSCOTT D WIERDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Meg Miller WillitMEG MILLER WILLIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric J WolffERIC J WOLFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kate Pew WoltersKATE PEW WOLTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Steven A WorkmanSTEVEN A WORKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael S YoungdahlMICHAEL S YOUNGDAHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregory J SanialGREGORY J SANIAL
TREASURER
- Total calculated
- $371,114
- From this org
- $0
- From related orgs
- $332,038
- Other
- $39,076
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $321,836 related
- Bonus
- $0
- Other
- $0 + $10,202 related
- Deferred
- $0 + $36,405 related
- Nontaxable benefits
- $0 + $2,671 related
- Filer's total
- $0 + $371,114 related
-
Laura A Meengs-AikensLAURA A MEENGS-AIKENS
EXECUTIVE DIRECTOR
- Total calculated
- $329,514
- From this org
- $0
- From related orgs
- $271,088
- Other
- $58,426
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $260,993 related
- Bonus
- $0
- Other
- $0 + $10,095 related
- Deferred
- $0 + $32,158 related
- Nontaxable benefits
- $0 + $26,268 related
- Filer's total
- $0 + $329,514 related
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
-
$246,847
SCHOLARSHIPS AND PUBLIC PROGRAMS
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.
-
501(C)(3) · HIGHER EDUCATION · MI
-
501(C)(3) · SUPPORT GVSU · MI
Directly controlled by GVSU
-
GRAND VALLEY RESEARCH CORPORATION
501(C)(3) · SUPPORT GVSU · MI
Directly controlled by GVSU
-
501(C)(3) · SUPPORT GVSU · MI
Directly controlled by GVSU
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440719349301414
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