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Grand Rapids Community Foundation

Also known as The Grand Rapids Foundation

Grand Rapids, MI · EIN 38-2877959 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Grand Rapids Community Foundation reported $27.3 million in revenue and $31.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.38 went to program services, $13.85 to management and general costs and $4.77 to fundraising. Its largest source of revenue was investment income: 50.7% of the total. The highest compensation it reported for one person was $225,227 (PRESIDENT). 9 people received more than $100,000 in reportable compensation. Revenue fell 0% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $32M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $27M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
81.4%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
13.9%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
4.8%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.11$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
49.1%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
1.2%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$225,227$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.71%1.56%
People paid over $100,000
Part VII, line 2
93
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
180.556.6
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$24M expenses · 93.6% of program spending · grants $24M

Grants and scholarships 1) housing kent - to implement a county-wide collective impact initiative to advance housing equity by aligning cross-sector partners, centering lived experience, and driving systems and policy change. $500,000 grant.2) kent school services network - to ensure students have access to holistic, non-academic supports that create the conditions for academic success. $450,000 grant.3) michigan immigrant rights center - to provide immigration legal services to unaccompanied refugee minors. $400,000 grant

$1.5M expenses · 6.0% of program spending

Charitable and philanthropic operating expenses associated with processing the foundation's grant applications, community leadership activities and philanthropic services to the non-profit field

$104K expenses · 0.4% of program spending

Community initiatives and program expenses those expenses that cover activities that could be carried out by a program with its own or others' resources. Currently, these initiatives are focused on k-12 education in the city of Grand Rapids. These are expenses for services or program materials that are paid to persons/organizations that are not not-for-profits. These include items such as consulting fees for a project or general operating expenses of a fund

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.00 hrs/week
$223,762$0$1,465$225,227
CFO/TREASURER
Officer, 37.50 hrs/week
$193,573$0$15,461$209,034
VICE PRESIDENT
Officer, 37.50 hrs/week
$183,873$0$14,040$197,913
VICE PRESIDENT
Officer, 37.50 hrs/week
$161,785$0$11,631$173,416
FINANCE DIRECTOR
Highest compensated employee, 37.50 hrs/week
$136,994$0$10,666$147,660
VICE PRESIDENT
Officer, 37.50 hrs/week
$132,730$0$11,001$143,731
PROGRAM DIRECTOR
Highest compensated employee, 37.50 hrs/week
$122,174$0$9,571$131,745
FORMER PRESIDENT
Former, 40.00 hrs/week
$118,278$0$7,871$126,149

9 people received more than $100,000 in reportable compensation from Grand Rapids Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$27M$32M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$27M$32M81.4%$477M$225,227
FY2024 ⓘ$28M$24M75.0%$440M$332,197
FY2023 ⓘ$8.7M$25M77.4%$396M$327,753
FY2022 ⓘ$51M$23M78.3%$378M$323,106
FY2021 ⓘ$49M$25M82.5%$418M$319,026
FY2020 ⓘ$27M$20M79.2%$335M$311,917

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 537
  • Volunteers Part I, line 6265

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
NEW ENGLAND PENSION CONSULTANTS
Investment advisors
$310,509
SILCHESTER INTERNATIONAL INV
Investment managers
$239,575
CITY OF LONDON INVESTMENT GROUP
Investment managers
$178,738
INDEPENDENT FRANCHISE PARTNERS
Investment managers
$141,989
FRONTENAC PRIVATE CAPITAL
Investment managers
$130,000

Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.

Private foundation grants it received

23 private foundations reported grants to Grand Rapids Community Foundation totaling $2.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Grand Rapids Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Grand Rapids Community Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Grand Rapids Community Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Grand Rapids Community Foundation reported that 81.4% of its $31.7 million in expenses went to program services, 13.9% to management and general and 4.8% to fundraising (Form 990, Part IX).

How much does Grand Rapids Community Foundation pay its top executive?

The largest total compensation Grand Rapids Community Foundation reported for one person in the fiscal year ending June 30, 2025 was $225,227, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Grand Rapids Community Foundation get its money?

Of $27.3 million in revenue in the fiscal year ending June 30, 2025, 49.1% came from contributions and grants (including 1.2% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Grand Rapids Community Foundation a registered charity?

The IRS lists EIN 38-2877959 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202533189349310808 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202403199349310555 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202313109349302541 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202203159349302915 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202133129349300228 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202043179349301404 · read the filing

All filings for EIN 38-2877959: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.