Communtiy Foundation Of The Holland Zeeland Area
- Assets
- $102.8m
- Revenue
- $16.4m
- Investments
- $35.7m
- Employees
- 12
- Location
- Holland, MI
- Founding
- 09/1952
- Data as of
- 12/2020
- EIN
- 38-6095283
Organization Overview
Communtiy Foundation Of The Holland Zeeland Area is located in Holland, MI. The organization was established in 1952. 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. As of 12/2021, Communtiy Foundation Of The Holland Zeeland Area employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communtiy Foundation Of The Holland Zeeland Area 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 12/2020, Communtiy Foundation Of The Holland Zeeland Area generated $16.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $11.7m during the year ending 12/2020. While expenses have increased by 14.2% per year over the past 6 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 2014, Communtiy Foundation Of The Holland Zeeland Area has awarded 977 individual grants totaling $50,512,711. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION OF THE HOLLAND/ZEELAND AREA SEEKS TO ENSURE THAT OUR COMMUNITY THRIVES TODAY, TOMORROW, AND FOREVER BY BUILDING OUR COMMUNITY'S ENDOWMENT TO SUPPORT HIGH IMPACT CHARITABLE PROJECTS, HELPING DONORS ACHIEVE THEIR CHARITABLE GOALS, AND LEADING AND PARTNERING IN COMMUNITY-LEVEL INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO HELPING MANAGE CHARITABLE CONTRIBUTIONS ON BEHALF OF DONORS, THE COMMUNITY FOUNDATION ALSO MAKES STRATEGIC GRANTS THROUGH OUR COMPETITIVE GRANTMAKING PROGRAM. WE LOOK TO SUPPORT HIGH IMPACT PROJECTS THAT ARE BEING IMPLEMENTED BY ORGANIZATIONS WITH THE APPROPRIATE CAPACITY TO SUCCESSFULLY DELIVER ON PROJECT GOALS. IN 2021, SOME OF THE KEY PROJECTS WE SUPPORTED INCLUDE: HOLLAND/ZEELAND PROMISE SCHOLARSHIP, HOUSING NEXT, STRENGTHENING THE NONPROFIT SECTOR PROGRAMMING, COMMUNITY STABILIZATION FUND, LINE OF CREDIT GUARANTEE PROGRAM, AND NNICE EQUITABLE VACCINE ACCESS PROGRAM. THE COMMUNITY FOUNDATION ALSO MAKES STRATEGIC GRANTS THROUGH OUR COMPETITIVE GRANTMAKING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Goorhouse President / CEO | Officer | 50 | $151,500 |
Colleen Hill VP Of Development And Donor Services | 40 | $120,400 | |
Mark Harder Treasurer, Development Chair | OfficerTrustee | 2 | $0 |
Jim Bishop Past Chair, Governance Chair | OfficerTrustee | 2 | $0 |
Tom Denherder Secretary | OfficerTrustee | 1 | $0 |
Diane Kooiker Chair-Elect, Audit Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,333,470 |
| Investment income | $927,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,121,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,439,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $829,336 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $257,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,681 |
| Pension plan accruals and contributions | $18,328 |
| Other employee benefits | $53,651 |
| Payroll taxes | $44,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70 |
| Fees for services: Accounting | $28,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,265 |
| Office expenses | $25,767 |
| Information technology | $52,341 |
| Royalties | $0 |
| Occupancy | $14,107 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,155 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,291 |
| Insurance | $22,380 |
| All other expenses | $0 |
| Total functional expenses | $11,705,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $7,557,373 |
| Pledges and grants receivable | $1,078,567 |
| 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 |
| Investments—publicly traded securities | $57,855,647 |
| Investments—other securities | $35,721,035 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$102,750 |
| Total assets | $102,848,837 |
| Accounts payable and accrued expenses | $276,391 |
| Grants payable | $792,214 |
| 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 | $193,671 |
| Total liabilities | $1,262,276 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $101,586,561 |
Grants Awarded
Over the last fiscal year, Communtiy Foundation Of The Holland Zeeland Area has awarded $10,371,337 in support to 185 organizations.
| Grant Recipient | Amount |
|---|---|
Lansing, MI PURPOSE: GENERAL SUPPORT | $977,500 |
Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $803,524 |
Alma, MI PURPOSE: GENERAL SUPPORT | $623,287 |
Zeeland, MI PURPOSE: ANNUAL PROGRAM SUPPORT | $354,464 |
Livonia, MI PURPOSE: UNRESTRICTED SUPPORT | $272,755 |
Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $272,686 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Communtiy Foundation Of The Holland Zeeland Area has recieved totaling $413,464.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $132,000 |
National Christian Charitable Found Ation Ic Alpharetta, GA PURPOSE: SUPPORT | $125,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $31,550 |
Community Foundation For Oceana County Pentwater, MI PURPOSE: GENERAL SUPPORT | $30,960 |
Foundation 180 Englewood, CO PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $20,000 |
Edward H & Diana H Marsilje Charitable Foundation Holland, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $20,000 |
Endowment Analysis
| Beg. Balance | $89,345,945 |
| Earnings | $13,302,721 |
| Net Contributions | $15,492,778 |
| Grants | $13,428,754 |
| Ending Balance | $104,712,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |