Grand Haven Area Community Foundation Inc
- Assets
- $189.5m
- Revenue
- $23.5m
- Investments
- $0.0
- Employees
- 14
- Location
- Grand Haven, MI
- Founding
- 07/1972
- Data as of
- 12/2021
- EIN
- 23-7108776
Organization Overview
Grand Haven Area Community Foundation Inc, operating under the name Grand Haven Area Community Foundation, is located in Grand Haven, MI. The organization was established in 1972. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Grand Haven Area Community Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Haven Area Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Grand Haven Area Community Foundation generated $23.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $10.4m during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grand Haven Area Community Foundation has awarded 1,050 individual grants totaling $40,890,143. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hadley Streng President | Officer | 40 | $204,124 |
Christopher Riker V.P. Advancement & Donor Services | 40 | $115,158 | |
Patricia Macdonald V.P. Finance & Administration | 40 | $102,790 | |
Holly Cole V.P. Grants & Program | 40 | $100,256 | |
Chad Bush Chair - Until May 2021 | OfficerTrustee | 1 | $0 |
Mark Pereira Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $636,457 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,097,987 |
| Noncash contributions included in lines 1a–1f | $2,379,993 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,734,444 |
| Total Program Service Revenue | $0 |
| Investment income | $3,004,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,725,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,464,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,807,143 |
| Grants and other assistance to domestic individuals. | $655,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,883 |
| Compensation of current officers, directors, key employees. | $98,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,559 |
| Pension plan accruals and contributions | $47,073 |
| Other employee benefits | $65,100 |
| Payroll taxes | $53,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,430 |
| Fees for services: Accounting | $39,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $225,896 |
| Fees for services: Other | $63 |
| Advertising and promotion | $60,721 |
| Office expenses | $22,980 |
| Information technology | $52,937 |
| Royalties | $0 |
| Occupancy | $45,717 |
| Travel | $9,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,702 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,556 |
| Insurance | $8,714 |
| All other expenses | $205,859 |
| Total functional expenses | $10,395,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,578,793 |
| Savings and temporary cash investments | $4,924,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,317 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,534 |
| Net Land, buildings, and equipment | $1,231,099 |
| Investments—publicly traded securities | $176,666,482 |
| Investments—other securities | $0 |
| Investments—program-related | $3,057,150 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,481,921 |
| Accounts payable and accrued expenses | $23,106 |
| Grants payable | $348,359 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $107,602 |
| Total liabilities | $479,067 |
| Net assets without donor restrictions | $189,002,854 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $189,481,921 |
Grants Awarded
Over the last fiscal year, Grand Haven Area Community Foundation Inc has awarded $7,419,459 in support to 158 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Haven, MI PURPOSE: HEALTH & HUMAN SERVICES | $1,113,149 |
CITY OF GRAND HAVEN PURPOSE: ECONOMIC & COMMUNITY BETTERMENT | $286,836 |
Holland, MI PURPOSE: HEALTH & HUMAN SERVICES | $276,447 |
Muskegon, MI PURPOSE: ECONOMIC & COMMUNITY BETTERMENT | $212,000 |
Clearwater, FL PURPOSE: RELIGION RELATED | $200,000 |
Muskegon, MI PURPOSE: ARTS & CULTURE | $192,857 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Haven Area Community Foundation Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Birtwistle Family Foundation Ludington, MI PURPOSE: GENERAL SUPPORT | $1,500 |
Endowment Analysis
| Beg. Balance | $92,267,791 |
| Earnings | $14,824,361 |
| Admin Expense | $1,279,455 |
| Net Contributions | $5,683,506 |
| Grants | $2,838,710 |
| Ending Balance | $108,657,493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Toledo Community Foundation Toledo, OH | $169,770,837 | $23,444,286 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |