Grosse Pointe Shores Improvement Foundation
- Assets
- $1.8m
- Revenue
- $258.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Grosse Pointe Shores, MI
- Founding
- 03/1985
- Data as of
- 12/2023
- EIN
- 38-2560445
Organization Overview
Grosse Pointe Shores Improvement Foundation is located in Grosse Pointe Shores, MI. The organization was established in 1985. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grosse Pointe Shores Improvement 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, Grosse Pointe Shores Improvement Foundation generated $258.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $99.9k during the year ending 12/2023. While expenses have increased by 9.9% 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 2017, Grosse Pointe Shores Improvement Foundation has awarded 19 individual grants totaling $587,883. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FINANCE IMPROVEMENT AND BEAUTIFICATION PROJECTS FOR THE VILLAGE OF GROSSE POINTE SHORES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL IMPROVEMENTS FOR THE CITY OF GROSSE POINTE: ONE MAJOR PROJECT WAS THE INSTALLATION OF NEW HEATED APPROACH STEPS FOR CITY HALL. GPSIF ALSO PROVIDED CONCRETE PADS UNDER THE BLEACHERS AND SEATS AT THE BASEBALL DIAMOND. INSTALLED A NEW BEACH TENNIS COURT. CONTINUED TO SPONSOR THE OUTDOOR SKATING RINK AT SHROEDER FIELD. THIS IS A SEASONAL PROJECT THAT IS REASSEMBLED AND MAINTAINED ANNUALLY. IT IS AVAILABLE TO ALL OUR RESIDENTS FOR WINTERSPORT ENJOYMENT. HOWEVER, DUE TO WARM WEATHER, OUR ICE RINK WAS NEVER SET UP.
ADDITIONAL CITY PROJECTS INCLUDED PLANTING OF TREES THROUGHOUT THE CITY, AN EASTER EGG HUNT, HOLIDAY HOME DECOR SALE, AND THE SPONSORSHIP OF NEW GARDENS AROUND THE OSIUS PARK GATE HOUSE AND THE SHROEDER FIELD HOUSE. WE CONTINUED TO FUND THE MAINTENANCE OF THE SEVEN BEAUTIFUL SEASCAPES ALONG LAKESHORE ROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariann D'hondt Trustee | Trustee | 0.25 | $0 |
Laura Hellwarth Trustee | Trustee | 0.25 | $0 |
Debbie Naz Trustee | Trustee | 0.25 | $0 |
Daniel Aitken Trustee | Trustee | 0.25 | $0 |
January Dragich Trustee | Trustee | 0.25 | $0 |
Susan Charron Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,750 |
| Fundraising events | $35,614 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,364 |
| Total Program Service Revenue | $0 |
| Investment income | $37,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,156 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,940 |
| All other expenses | $1,237 |
| Total functional expenses | $99,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,249 |
| Savings and temporary cash investments | $27,162 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,760,313 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,821,724 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,082,124 |
| Net assets with donor restrictions | $739,600 |
| 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 | $1,821,724 |
Grants Awarded
Over the last fiscal year, Grosse Pointe Shores Improvement Foundation has awarded $88,156 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE OF GROSSE POINTE SHORES PURPOSE: CAPITAL IMPROVEMENTS | $44,906 |
VILLAGE OF GROSSE POINTE SHORES PURPOSE: TO BEAUTIFY AND ENHANCE THE CITY, GARDEN BED MAINTENANCE, ETC. | $43,250 |