Peter And Joan Secchia Family Inc
- Assets
- $97.4m
- Revenue
- $46.9m
- Investments
- $92.2m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 38-2641093
Organization Overview
Peter And Joan Secchia Family Inc is located in Grand Rapids, MI. The organization was established in 1986. 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. Peter And Joan Secchia Family Inc 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 12/2022, Peter And Joan Secchia Family Inc generated $46.9m in total revenue. All expenses for the organization totaled $10.3m during the year ending 12/2022. While expenses have increased by 64.1% per year over the past 5 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, Peter And Joan Secchia Family Inc has awarded 288 individual grants totaling $22,745,292. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN STATE UNIVERSITY PLEDGE TO COLLEGE OF HUMAN MEDICINE
MARY FREE BED REHAB HOSPITAL CAPITAL CAMPAIGN FOR 6TH FLOOR BUILDOUT TO EXPAND PATIENT BEDS
MICHIGAN STATE UNIVERSITY ELI BROAD SCHOOL OF BUSINESS LAWN PROJECT
SPECTRUM HEALTH FOUNDATION ENDOWMENT FOR THE SPECTRUM CARE PARTNERS PATIENT ADVOCACY PROGRAM
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 |
|---|---|---|---|
James A Ens Director | 2 | $0 | |
Mark A Schut Treasurer | 10 | $40,000 | |
Joan P Secchia Director | 2 | $0 | |
Stephanie Oehler Director | 2 | $0 | |
Legacy Trust Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,402,872 |
| Interest on Savings | $0 |
| Dividends & Interest | $908,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,603,505 |
| Capital Gain Net Income | $2,603,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,914,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153 |
| Total operating and administrative expenses | $362,599 |
| Contributions, gifts, grants paid | $9,902,758 |
| Total expenses and disbursements | $10,265,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,012,428 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,223,159 |
| Total assets | $97,428,651 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $100,000 |
| 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 | $100,000 |
Grants Awarded
Over the last fiscal year, Peter And Joan Secchia Family Inc has awarded $9,902,758 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
AQUINAS COLLEGE PURPOSE: OSHER LIFELONG LEARNING INST | $1,000 |
BOY SCOUTS OF AMERICA PURPOSE: MI CROSSROADS FULFILLING THE DREAM | $5,000 |
EAST GRAND RAPIDS SCHOOLS PURPOSE: JIMMY GERKEN FUND | $25,000 |
GR FORD PRESIDENTIAL FNDN PURPOSE: DEVOS LEARNING CENTER | $50,000 |
GR FORD PRESIDENTIAL FOUNDATION PURPOSE: SPEAKER ENDOWMENT | $250,000 |
MICHIGAN STATE UNIVERSITY PURPOSE: COLLEGE OF HUMAN MEDICINE | $1,000,000 |