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Community Development : Community Foundations

Grand Rapids Community Foundation

For good. For ever.

three stars

86.87

185 Oakes Street, SW Grand Rapids, MI 49503
tel: (616) 454-1751   Web Site
EIN: 38-2877959

Board Leadership
Christina Keller
Chair

CEO
Diana R. Sieger
President

  Score
(out of 100)
Rating
Overall Score & Rating 86.87 three stars
  Financial 81.68 three stars
  Accountability & Transparency 97.00 four stars
This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Founded in 1922, the Grand Rapids Community Foundation is Michigan's first community foundation. Our mission is to build and manage our community's permanent endowment and lead the community to strengthen the lives of its people. Since 1930 when the Foundation made its first grant, hundreds of thousands of people's lives have been enriched through grants and scholarships totaling almost $160 million. The role of the Foundation has grown from simple grant maker to a community leader seeking long-term solutions to diverse community challenges.

Founded in 1922, the Grand Rapids Community Foundation is Michigan's first community foundation. Our mission is to build and manage our community's permanent endowment and lead the community to strengthen the lives of its people. Since 1930 when the Foundation made its first grant, hundreds of thousands of people's lives have been enriched through grants and scholarships totaling almost $160 million. The role of the Foundation has grown from simple grant maker to a community leader seeking long-term solutions to diverse community challenges.

Financial

three stars

81.68

Accountability & Transparency

four stars

97.00

This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
78.6%
  Administrative Expenses 13.6%
  Fundraising Expenses 7.7%
  Fundraising Efficiency $0.16
  Working Capital Ratio (years) 17.28
  Program Expenses Growth 7.4%
  Liabilities to Assets 2.2%
All data for Financial Performance Metrics calculations was provided by Grand Rapids Community Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Grand Rapids Community Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Grand Rapids Community Foundation (MI) 86.87 three stars
Akron Community Foundation (OH) 89.24 three stars
Maine Community Foundation (ME) 93.96 four stars
Greater Washington Community Foundation (DC) 92.38 four stars
Seattle Foundation (WA) 96.46 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,717,520
   Federated Campaigns $23,133
   Membership Dues $0
   Fundraising Events $10,800
   Related Organizations $0
   Government Grants $1,630
Total Contributions $6,753,083
   Program Service Revenue $0
Total Primary Revenue $6,753,083
   Other Revenue $9,570,028
TOTAL REVENUE $16,323,111
   
EXPENSES  
   Program Expenses $15,757,920
   Administrative Expenses $2,490,394
   Fundraising Expenses $1,447,013
TOTAL FUNCTIONAL EXPENSES $19,695,327
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-3,372,216
   
Net Assets $322,103,234

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grants and Scholarships $13,397,096 85.0%
Charitable and Philanthropic Expenses $1,340,045 8.5%
Community Initiative $1,020,779 6.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 07/01/2018 86.87 three stars
2016-06 06/01/2017 90.35 four stars
2015-06 06/01/2016 84.85 three stars
 
CN 2.0
2014-06 09/01/2015 91.56 four stars
2013-06 07/01/2014 85.71 three stars
2012-06 05/01/2013 94.53 four stars
2011-06 04/01/2012 90.45 four stars
2010-06 09/20/2011 92.00 four stars
 
CN 1.0
2010-06 07/01/2011 86.76 three stars
2009-06 11/24/2010 87.65 three stars
2008-06 08/01/2009 90.71 four stars
2007-06 06/01/2008 93.12 four stars
2006-06 02/01/2007 74.40 two stars
2005-06 05/01/2006 88.43 three stars
2004-06 04/01/2005 84.88 three stars
2003-06 07/01/2004 83.11 three stars
2002-06 04/15/2003 69.99 one star
2001-06 10/15/2002 93.02 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 38-2877959
Name in IRS Master File GRAND RAPIDS COMMUNITY FOUNDATION
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (903) Community trust or component
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1989
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$253,785 1.28% Diana Sieger President

Highly Rated

Charity Name & State Overall Score Overall Rating
Grand Rapids Community Foundation (MI) 86.87 three stars
Communities Foundation of Texas (TX) 91.42 four stars
Greater Milwaukee Foundation (WI) 97.13 four stars
New Hampshire Charitable Foundation (NH) 91.50 four stars
Baton Rouge Area Foundation (LA) 93.08 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Grand Rapids Community Foundation
185 Oakes Street, SW
Grand Rapids, MI 49503
tel: (616) 454-1751
fax: (616) 454-6455
EIN: 38-2877959

Visit Web Site

Board Leadership

Christina Keller
Chair

CEO

Diana R. Sieger
President

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