Grand Traverse Pavilions Foundation Inc
- Assets
- $2.5m
- Revenue
- $322.5k
- Investments
- $2.2m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 38-3359796
Organization Overview
Grand Traverse Pavilions Foundation Inc is located in Traverse City, MI. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Grand Traverse Pavilions Foundation 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, Grand Traverse Pavilions Foundation Inc generated $322.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $271.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO RECEIVE AND ADMINISTER FUNDS RAISED FOR THE PURPOSE OF SUPPORTING THE COUNTY OWNED AND OPERATED GRAND TRAVERSE PAVILIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRAND TRAVERSE PAVILIONS EMPLOYEES EDUCATIONAL EXPENSES AND OTHER ASSISTANCE TO THE ELDERLY RESIDENTS OF THE FACILITY SUCH AS SPECIAL PROJECTS, ADULT DAY CARE, BENEVOLENT, AND OTHER ASSISTANCE.
PACE PROGRAMS COORDINATE AND PROVIDE ALL NEEDED PREVENTIVE, PRIMARY, AND LONG-TERM CARE SERVICES SO THAT OLDER INDIVIDUALS CAN CONTINUE LIVING IN THE COMMUNITY. PACE IS AN INNOVATIVE MODEL THAT ENABLES INDIVIDUALS WHO ARE 55 YEARS OR OLDER AND CERTIFIED BY THEIR STATE TO NEED NURSING HOME CARE TO LIVE AS INDEPENDENTLY AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Prout President | OfficerTrustee | 1 | $0 |
Betsy Aderholdt Vice President | OfficerTrustee | 1 | $0 |
Cynthia Klingler Treasurer | OfficerTrustee | 1 | $0 |
Rose Coleman Secretary | OfficerTrustee | 4 | $0 |
Ramona Pleva Director | Trustee | 1 | $0 |
Barbra Mikowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,843 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,273 |
| Total Program Service Revenue | $0 |
| Investment income | $65,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $254,520 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,835 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $2,150 |
| Total functional expenses | $271,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,229 |
| Savings and temporary cash investments | $0 |
| 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 | $2,172,336 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,501,565 |
| Accounts payable and accrued expenses | $28,679 |
| 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 | $28,679 |
| Net assets without donor restrictions | $732,236 |
| Net assets with donor restrictions | $1,740,650 |
| 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 | $2,501,565 |
Grants Awarded
Over the last fiscal year, Grand Traverse Pavilions Foundation Inc has awarded $254,520 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND TRAVERSE PAVILIONS PURPOSE: See Part IV | $222,010 |
Traverse City, MI PURPOSE: See Part IV | $32,510 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Traverse Pavilions Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Barton J Ingraham & Gail G Ingraham Foundation Williamsburg, MI PURPOSE: LAND AND GARDEN IMPROVEMENTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |