Bea Aldrink Idema Foundation
- Assets
- $20.5m
- Revenue
- $17.9m
- Investments
- $19.3m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-2534791
Organization Overview
Bea Aldrink Idema Foundation is located in Grand Rapids, MI. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bea Aldrink Idema 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 12/2023, Bea Aldrink Idema Foundation generated $17.9m in total revenue. All expenses for the organization totaled $290.0k during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 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, Bea Aldrink Idema Foundation has awarded 37 individual grants totaling $855,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Versluis President | 1 | $0 | |
Tonya Williamson Secretary | 1 | $0 | |
Chad Versluis Vice Pres/treasurer | 1 | $0 | |
Vincent Versluis Member | 1 | $0 | |
Dana Hushak Member | 1 | $0 | |
Peter Versluis President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,407,866 |
| Interest on Savings | $90,065 |
| Dividends & Interest | $375,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$932,179 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,941,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,655 |
| Interest | $0 |
| Taxes | $6,918 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,179 |
| Total operating and administrative expenses | $134,967 |
| Contributions, gifts, grants paid | $155,000 |
| Total expenses and disbursements | $289,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,218,322 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $620,076 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,534,248 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bea Aldrink Idema Foundation has awarded $310,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
VAN ANDEL INSTITUTE PURPOSE: PROJECT/PROGRAM SUPPORT. | $60,000 |
ADA CHRISTIAN SCHOOL SOCIETY PURPOSE: PROJECT/PROGRAM SUPPORT. | $10,000 |
EQUINE ASSISTED DEVELOPMENT PURPOSE: PROJECT/PROGRAM SUPPORT. | $10,000 |
UPCYCLE BIKES PURPOSE: PROJECT/PROGRAM SUPPORT. | $15,000 |
KIDS HOPE USA PURPOSE: PROJECT/PROGRAM SUPPORT. | $35,000 |
NEW CITY KIDS PURPOSE: PROJECT/PROGRAM SUPPORT. | $25,000 |