Grand Rapids Area Community Fndtn

Organization Overview

Grand Rapids Area Community Fndtn is located in Grand Rapids, MN. The organization was established in 1994. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Grand Rapids Area Community Fndtn employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Rapids Area Community Fndtn 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 12/2023, Grand Rapids Area Community Fndtn generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Grand Rapids Area Community Fndtn has awarded 240 individual grants totaling $5,377,615. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

INSPIRE INDIVIDUALS AND ORGANIZATIONS TO INVEST IN THEIR COMMUNITY TO IMPROVE THE QUALITY OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2023, THE FOUNDATION PROVIDED 570 GRANTS, TOTALING 804,476 BACK TO THE COMMUNITY. THE FOUNDATION ALSO PROVIDED 215 SCHOLARSHIPS, TOTALING 318,350 TO INDIVIDUALS AND FAMILIES. THE FOUNDATION HAS A DIVERSE GROUP OF DONORS AND COMMUNITY NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Shannon Benolken
Chair
$0
Diane Larson
Vice Chair
$0
Christina Anderson
Secretary
$0
Jamie Brown
Treasurer
$0
Julie Wilcox
Past Chair
$0
Sarah Anderson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,847,768
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,847,768
Total Program Service Revenue$0
Investment income $732,592
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $490,593
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,093,747

Grants Awarded

Over the last fiscal year, Grand Rapids Area Community Fndtn has awarded $615,524 in support to 30 organizations.

Grant RecipientAmount

FIRST CALL FOR HELP 211

PURPOSE: HEALTH & WELL-BEING

$75,774

SECOND HARVEST NORTH CENTRAL FOOD

PURPOSE: ANNUAL DISTRIBUTION

$61,124

ITASCA AREA CANCER CRISIS ENDOWMENT

PURPOSE: CRISIS

$35,320

GRAND RAPIDS AREA LIBRARY FOUND

PURPOSE: ANNUAL DISTRIBUTION

$34,090

ELDERCIRCLE

PURPOSE: ANNUAL DISTRIBUTION

$34,000

ST JOSEPH CATHOLIC CHURCH

PURPOSE: ANNUAL DISTRIBUTION

$31,280
View Grant Profile

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$11,033,851
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$21,975,718
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$11,082,876
Community Action Inc Of Rock And Walworth Counties
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$9,001,499
Emerge Community Development
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$6,719,564
Southwestern Minnesota Opportunity Council Inc
Worthington, MN
$6,694,625
Regional Development Authority
Davenport, IA
$7,862,647
Western South Dakota Community Action Inc
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$5,519,387
Thunder Valley Community Development Corporation
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$14,048,128
International Union Of Painters And Allied Trades
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$5,058,068
Matura Action Corporation
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$5,604,914
South Central Iowa Community Action Program Inc
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$5,090,218
Inter-County Community Council Inc
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$4,880,577

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