Peter And Joan Secchia Family Inc
- Assets
- $73.8m
- Revenue
- $55.2m
- Investments
- $67.6m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 08/1986
- Data as of
- 12/2021
- 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 12/2021, Peter And Joan Secchia Family Inc generated $55.2m in total revenue. All expenses for the organization totaled $11.6m during the year ending 12/2021. While expenses have increased by 91.4% per year over the past 4 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 206 individual grants totaling $12,842,534. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN STATE UNIVERSITY PLEDGE TO COLLEGE OF HUMAN MEDICINE
BAXTER COMMUNITY CENTER FOR CAPITAL IMPORVEMENTS
UNIVERSITY OF MICHIGAN FORD SCHOOL OF PUBLIC POLICY SCHOLARS
MICHIGAN STATE UNIVERSITY - HALL OF HISTORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Schut Treasurer | 10 | $39,996 | |
Joan P Secchia Director | 2 | $0 | |
James A Ens Director | 2 | $0 | |
Stephanie Oehler Director | 2 | $0 | |
Legacy Trust Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,551,394 |
| Interest on Savings | $0 |
| Dividends & Interest | $655,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,040,612 |
| Capital Gain Net Income | $4,040,612 |
| Net ST Capital Gain | $83,767 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,247,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,501 |
| Total operating and administrative expenses | $223,920 |
| Contributions, gifts, grants paid | $11,353,623 |
| Total expenses and disbursements | $11,577,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,629 |
| 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 | $5,911,538 |
| Total assets | $73,847,839 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $313,334 |
| 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 | $313,334 |
Grants Awarded
Over the last fiscal year, Peter And Joan Secchia Family Inc has awarded $11,353,623 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: COMPLETION OF THE COLLEGE OF HUMAN MEDICINE | $5,000,000 |
Grand Rapids, MI PURPOSE: COLLEGE OF HUMAN MEDICINE OPERATIONS | $1,000,000 |
East Lansing, MI PURPOSE: CONSTRUCTION FUND HALL OF HISTORY | $500,000 |
Grand Rapids, MI PURPOSE: FUND FOR CENTER INPROVEMENTS AND UPKEEP | $500,000 |
UNIVERSITY OF MICHIGAN PURPOSE: GR FORD SCHOOL OF PUBLIC POLICY | $500,000 |
GR FORD AIRPORT AUTHORITY PURPOSE: G R FORD TRIBUTE ROOM | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
The Cummins Foundation Inc Columbus, IN | $50,145,455 | $23,676,992 |
The Samuel And Jean Frankel Jewish Heritage Foundation Troy, MI | $178,134,480 | $24,091,324 |