Van Andel Education Institute
- Assets
- $6.3m
- Revenue
- $4.9m
- Investments
- $3.1m
- Employees
- 12
- Location
- Grand Rapids, MI
- Founding
- 07/1997
- Data as of
- 11/2023
- EIN
- 52-2000824
Organization Overview
Van Andel Education Institute is located in Grand Rapids, MI. The organization was established in 1997. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 11/2023, Van Andel Education Institute employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Van Andel Education Institute 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 11/2023, Van Andel Education Institute generated $4.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $5.2m during the year ending 11/2023. While expenses have increased by 6.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF THE VAN ANDEL INSTITUTE GRADUATE SCHOOL (VAIGS) AND VAN ANDEL EDUCATION INSTITUTE (VAEI).
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAN ANDEL EDUCATION INSTITUTE ("VAEI") OFFERS EDUCATION PROGRAMS FOR K-12 STUDENTS AND TEACHERS. VAEI IS DEDICATED TO CREATING CLASSROOMS WHERE CURIOSITY AND CREATIVITY THRIVE. VAEI PROGRAMS INCLUDE AFTER-SCHOOL PROGRAMS AND SUMMER CAMPS. VAEI SERVED MORE THAN 5,000 STUDENTS AND 5,000 TEACHERS IN 2023.
VAEI SUPPORTS THE VAN ANDEL INSTITUTE GRADUATE SCHOOL("VAIGS") IN FULFILLING ITS MISSION TO DEVELOP BIOMEDICAL RESEARCH LEADERS THROUGH A GRADUATE PROGRAM IN MOLECULAR AND CELL BIOLOGY WITH AN EMPHASIS ON THE APPLICATION OF BASIC SCIENCE TO IMPROVE HUMAN HEALTH AND WELL-BEING. GRADUATES OF THE PROGRAM, WITH PHD OR MS DEGREES, WILL BE PREPARED TO LEAD RESEARCH IN ACADEMIC OR INDUSTRY SETTINGS, APPLY BASIC RESEARCH TO IMPORTANT MEDICAL ISSUES, PROVIDE PROFESSIONAL SERVICES SUPPORTING RESEARCH AND ITS APPLICATION, AND SHARE THEIR KNOWLEDGE AND EXPERIENCE WITH SCIENTISTS, PHYSICIANS, AND THE PUBLIC. VAN ANDEL RESEARCH INSTITUTE ("VARI") INVESTIGATORS TEACH STUDENTS IN CLASSROOM AND LABORATORY.(SEE SCH O)VAIGS WAS GRANTED REAFFIRMATION OF ACCREDITATION BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS IN MAY 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Van Andel Chairman / CEO | OfficerTrustee | 1 | $0 |
Dr Juan Olivarez Vaei Trustee | Trustee | 1 | $8,000 |
Dr James Bultman Vaei Trustee | Trustee | 1 | $8,000 |
Susan Meell Vaei Trustee | Trustee | 1 | $8,000 |
Teresa Weatherall-Neal Vaei Trustee | Trustee | 1 | $8,000 |
Timothy Myers Chief Financial Officer/vp | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,691,744 |
| Government grants | $40,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,821,968 |
| Total Program Service Revenue | $43,458 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,865,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,791,603 |
| 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. | $106,743 |
| Compensation of current officers, directors, key employees. | $43,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,100 |
| Pension plan accruals and contributions | $32,467 |
| Other employee benefits | $256,597 |
| Payroll taxes | $23,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,751 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $851 |
| Insurance | $14,086 |
| All other expenses | $26,369 |
| Total functional expenses | $5,243,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,523,013 |
| 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 | $11,586 |
| Net Land, buildings, and equipment | $1,819 |
| Investments—publicly traded securities | $1,651,081 |
| Investments—other securities | $3,076,456 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,337,931 |
| Accounts payable and accrued expenses | $51,498 |
| Grants payable | $0 |
| Deferred revenue | $229,171 |
| 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 | $280,669 |
| Net assets without donor restrictions | $5,441,820 |
| Net assets with donor restrictions | $615,442 |
| 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 | $6,337,931 |