East Grand Rapids Schools Foundation

Organization Overview

East Grand Rapids Schools Foundation is located in East Grand Rapids, MI. The organization was established in 1984. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, East Grand Rapids Schools Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Grand Rapids Schools 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 06/2023, East Grand Rapids Schools Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $914.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE EAST GRAND RAPIDS SCHOOLS FOUNDATION ENRICHES THE EXPERIENCE OF ALL STUDENTS BY INVESTING IN PROGRAMS AND EDUCATIONAL ENHANCEMENTS THAT SUPPORT THE WHOLE CHILD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO THE EAST GRAND RAPIDS PUBLIC SCHOOLS TO PROVIDE FOR FINANCIAL SUPPORT FOR EDUCATIONAL ENHANCEMENTS, PROGRAMS, AND CO-CURRICULAR ENHANCEMENTS. THE FOUNDATION ALSO PROVIDES SCHOLARSHIPS FOR POST-SECONDARY OPPORTUNITIES FOR GRADUATES OF EAST GRAND RAPIDS HIGH SCHOOL.


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Board, Officers & Key Employees

Name (title)Compensation
Nick Adamy
Vice President
$0
Beth Skaggs
President
$0
Tom Blower
Treasurer
$0
Jennifer Bruce
Director
$0
David Hall
Secretary
$0
Sara Irwin
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$261,970
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,443,957
Noncash contributions included in lines 1a–1f $28,800
Total Revenue from Contributions, Gifts, Grants & Similar$1,705,927
Total Program Service Revenue$0
Investment income $337,681
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$65,163
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,978,445

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