Overview
What is Grand Haven Area Community Foundation Inc?
The Grand Haven Area Community Foundation Inc is a charitable organization based in Grand Haven, Michigan. They manage donations and bequests, which are exclusively used for charitable purposes, primarily benefiting the people of Ottawa County and the western Michigan area. The foundation's mission is to improve the quality of life in the community by addressing challenges and opportunities in priority areas such as diversity & inclusion, education, economic & community betterment, health & human services, arts & culture, and the environment. Their grantmaking process involves evaluating grant applications, making recommendations to the board of trustees, and issuing grants to approved organizations following due diligence protocol. The foundation is governed by a volunteer board of trustees and strives for community improvement through strategic grantmaking.
Official website here: www.ghacf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
The Grand Haven Area Community Foundation Inc has achieved a perfect score, reflecting its strong accountability and financial practices. The organization demonstrates exceptional governance, with 100% of its board members being independent and maintaining a robust oversight committee. This rating indicates transparency and a commitment to responsible management of funds.
Financially, the foundation excels with a program expense ratio of 86.52%, which shows that a significant portion of its funds directly supports its programs. Additionally, its low fundraising efficiency ratio of $0.0625 signifies that the organization is effective in raising funds relative to its expenses. These factors contribute to a strong indication of the foundation's sustainability and operational effectiveness.
Despite its excellent rating, potential donors should continue to monitor the foundation’s ongoing performance and community impact. While current metrics are impressive, the organization's ability to adapt and respond to community needs over time will be crucial for its long-term success and relevance.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Haven Area Community Foundation Inc legitimate?
Grand Haven Area Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Haven Area Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $288,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $729,610
For more financial information, click here
Official website here: www.ghacf.org
What is the mission statement of Grand Haven Area Community Foundation Inc?
The Grand Haven Area Community Foundation is governed by a volunteer board of trustees, dedicated to enhancing the quality of life for all in their community. Their mission is to address challenges and opportunities collectively in West Michigan. Through strategic grantmaking, they focus on priority areas such as diversity and inclusion, education, economic and community betterment, health and human services, arts and culture, and the environment, without discrimination. Their vision is to create the best places to live, learn, work, give, and engage, ultimately advancing the well-being of their communities.
Official website here: www.ghacf.org
Who is the CEO of Grand Haven Area Community Foundation Inc?
Mark Pereira is the President of Grand Haven Area Community Foundation Inc.
Official website here: www.ghacf.org
What is the revenue of Grand Haven Area Community Foundation Inc?
Grand Haven Area Community Foundation Inc's revenue in 2022 was $17,775,794.
Official website here: www.ghacf.org
Who are the executives of Grand Haven Area Community Foundation Inc and what are their salaries?
The average compensation at Grand Haven Area Community Foundation Inc during 2022 was $59,909. There are 17 employees and 75 volunteers at Grand Haven Area Community Foundation Inc.
Here are 17 key members and their salaries:
- Compensation: $243,446
- Related: $0
- Other: $45,399
- Compensation: $130,884
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- Other: $29,942
- Compensation: $119,584
- Related: $0
- Other: $21,237
- Compensation: $117,053
- Related: $0
- Other: $12,806
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.ghacf.org
Where can I find the form 990 for Grand Haven Area Community Foundation Inc?
Grand Haven Area Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ghacf.org
Learn more at the official website: www.ghacf.org
Mission Statement of Grand Haven Area Community Foundation Inc
The Grand Haven Area Community Foundation, a charitable organization governed by a volunteer board of trustees, is dedicated to enhancing the quality of life for all residents in the West Michigan area. With a mission that extends beyond Ottawa County, this foundation collectively addresses challenges and opportunities throughout the region. In simple terms, it strives to make its communities the very best places to live, learn, work, give, and engage.
The Grand Haven Area Community Foundation envisions a future where the well-being of its communities is advanced through strategic grantmaking in various priority areas. These areas include diversity & inclusion, education, economic & community betterment, health & human services, arts & culture, and the environment. The foundation operates without discrimination, embracing individuals of all races, colors, and creeds. Its initiatives are designed to create lasting change and foster vibrant, thriving communities.
By receiving gifts, bequests, and donations, the Grand Haven Area Community Foundation holds the funds in trust and administers them exclusively for charitable purposes. The foundation's diverse grantmaking programs aim to make a significant impact in the lives of people and communities, fostering growth and progress. With a strong commitment to community improvement, the Grand Haven Area Community Foundation works tirelessly to create a better future for all.
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Impact
October, 2024
The Grand Haven Area Community Foundation Inc plays a vital role in enhancing the quality of life for residents in Ottawa County and the Western Michigan area. By receiving gifts, bequests, and donations, it strategically administers these funds to support various charitable projects focused on critical priority areas such as arts and culture, diversity and inclusion, environmental sustainability, education, economic and community betterment, and health and human services.
Through its competitive grant program, the foundation empowers local organizations to implement impactful initiatives. Grant recipients are required to articulate how they will utilize the awarded funds and provide evaluation reports on the outcomes of their projects. This accountability not only fosters trust within the community but also ensures that the grants align with the foundation's mission to address community challenges and opportunities collectively.
Governed by a volunteer board of trustees, the foundation is committed to creating inclusive communities where everyone has the opportunity to thrive. Their vision encompasses fostering environments that support living, learning, working, giving, and engaging, ultimately leading to sustained community improvement. By investing in diverse programs and initiatives, the Grand Haven Area Community Foundation Inc significantly contributes to the well-being of the region, making it a better place for all its residents.
This information is meant to be a general summary of Grand Haven Area Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,937,760
- Gross Receipts: $22,112,873
Assets and Liabilities:
- Total Assets: $158,176,337
- Total Liabilities: $545,625
- Net Assets: $157,630,712
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Organization Details
Founding Year
1971
Phone
(616) 842-6378Principal Officer
Mark Pereira
Main Address
ONE SOUTH HARBOR DRIVE, GRAND HAVEN, MI, 49417
Website
www.ghacf.orgNTEE Category
Code: T31Z - Philanthropy
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