Communtiy Foundation Of The Holland Zeeland Area
- Assets
- $112.8m
- Revenue
- $25.9m
- Investments
- $37.8m
- Employees
- 12
- Location
- Holland, MI
- Founding
- 09/1952
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Communtiy Foundation Of The Holland Zeeland Area generated $25.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $15.5m during the year ending 12/2022. While expenses have increased by 14.4% per year over the past 8 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 1,180 individual grants totaling $61,765,293. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 2022, 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 |
|---|---|---|---|
Diane Kooiker Board Chair | OfficerTrustee | 2 | $0 |
Deborah Sterken Past Chair, Scholarship Chair, Governance Chair | OfficerTrustee | 2 | $0 |
Scott Brooks Secretary | OfficerTrustee | 2 | $0 |
Erin Zylman Treasurer | OfficerTrustee | 2 | $0 |
Leslie Brown Trustee, Distribution Chair | Trustee | 2 | $0 |
Tom Denherder Chair-Elect, Audit Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $194,612 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,810,105 |
| Noncash contributions included in lines 1a–1f | $3,693,620 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,004,717 |
| Total Program Service Revenue | $0 |
| Investment income | $1,615,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,293,118 |
| Net Income from Fundraising Events | -$125,698 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,887,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,944,958 |
| Grants and other assistance to domestic individuals. | $962,537 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,750 |
| Compensation of current officers, directors, key employees. | $97,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $664,109 |
| Pension plan accruals and contributions | $21,304 |
| Other employee benefits | $86,747 |
| Payroll taxes | $56,171 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,527 |
| Office expenses | $24,228 |
| Information technology | $54,393 |
| Royalties | $0 |
| Occupancy | $13,201 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,921 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,454 |
| Insurance | $28,342 |
| All other expenses | $20,555 |
| Total functional expenses | $15,486,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $13,451,214 |
| Pledges and grants receivable | $1,627,924 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $142,976 |
| Inventories for sale or use | $246,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $694,411 |
| Investments—publicly traded securities | $58,775,363 |
| Investments—other securities | $37,843,668 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,781,656 |
| Accounts payable and accrued expenses | $85,647 |
| Grants payable | $397,645 |
| 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 | $169,112 |
| Total liabilities | $652,404 |
| Net assets without donor restrictions | $110,501,328 |
| Net assets with donor restrictions | $1,627,924 |
| 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 | $112,781,656 |
Grants Awarded
Over the last fiscal year, Communtiy Foundation Of The Holland Zeeland Area has awarded $11,252,582 in support to 203 organizations.
| Grant Recipient | Amount |
|---|---|
ALLENDALE PUBLIC SCHOOLS PURPOSE: ODL 75TH ANNIVERSARY COMMUNITY INITIATIVE: FOR HIGHSCHOOL ROBOTICS TEAM | $14,125 |
ALL BELONG CENTER FOR INCLUSIVE EDUCATION PURPOSE: GENERAL SUPPORT | $5,368 |
70 X 7 LIFE RECOVERY PURPOSE: OPERATING SUPPORT | $12,750 |
ALMA COLLEGE PURPOSE: GENERAL SUPPORT | $6,242 |
AMERICAN FEDERATION FOR CHILDREN GROWTH FUND INC PURPOSE: GENERAL SUPPORT | $20,000 |
AMERICAN LEGION CHARITIES INC PURPOSE: GENERAL SUPPORT | $14,872 |