Overview
What is Greater Grand Rapids Chamber Foundation?
The Greater Grand Rapids Chamber Foundation is a nonprofit organization situated at 250 Monroe Ave, Grand Rapids, MI 49503. Their main objective is to foster free enterprise, improve the quality of life in the greater Grand Rapids area, and contribute to charitable, scientific, literary, or educational causes. In line with this mission, they engage in grant writing and proposal development to secure funding for future initiatives. Their work is geared towards serving the community and enhancing its overall well-being.
Official website here: www.grandrapids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Greater Grand Rapids Chamber Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with an overall score of 81%. This rating reflects the charity's commitment to transparency and responsible financial management, primarily based on its Accountability & Finance score.
Strengths of the organization include a fully independent board, excellent audit and oversight practices, and a high program expense ratio of 98.16%, which suggests that the majority of its resources are directed toward its mission-driven activities. Additionally, the foundation has established clear policies on conflict of interest, whistleblower protections, and document retention, further demonstrating its commitment to ethical governance.
However, there is a notable area of concern regarding the liabilities to assets ratio, which scored 0 out of 15 points. This may indicate potential financial risks or challenges that could affect the foundation's long-term sustainability. Overall, while the foundation shows strong accountability practices, the financial metrics warrant further examination.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Grand Rapids Chamber Foundation legitimate?
Greater Grand Rapids Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Grand Rapids Chamber Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,079
For more financial information, click here
Official website here: www.grandrapids.org
What is the mission statement of Greater Grand Rapids Chamber Foundation?
The Greater Grand Rapids Chamber Foundation's mission is to facilitate programming and secure funding for initiatives that promote free enterprise, enhance the overall quality of life, or serve charitable, scientific, literary, or educational purposes within a specific area. This organization actively works towards achieving these objectives, as demonstrated by its involvement in grant writing and proposal development for future projects. The foundation's activities are geared towards contributing positively to the community in various capacities.
Official website here: www.grandrapids.org
What is the revenue of Greater Grand Rapids Chamber Foundation?
Greater Grand Rapids Chamber Foundation's revenue in 2023 was $810,097.
Official website here: www.grandrapids.org
Who are the executives of Greater Grand Rapids Chamber Foundation and what are their salaries?
There 12 volunteers at Greater Grand Rapids Chamber Foundation.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $315,690
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.grandrapids.org
Where can I find the form 990 for Greater Grand Rapids Chamber Foundation?
Greater Grand Rapids Chamber Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.grandrapids.org
Learn more at the official website: www.grandrapids.org
Mission Statement of Greater Grand Rapids Chamber Foundation
The Greater Grand Rapids Chamber Foundation, as a nonprofit organization, is committed to providing programming and funding that serves a charitable, scientific, literary, or educational purpose. Its mission is geared towards encouraging free enterprise and enhancing the quality of life in the greater Grand Rapids area. In essence, the foundation seeks to contribute to the community's development and betterment, focusing on various sectors including charitable, scientific, literary, and educational pursuits. Through its activities, the Greater Grand Rapids Chamber Foundation aims to serve the greater good and promote growth in its area of operation. This year, the foundation has been focusing on preparing for future years by engaging in grant writing and other proposal activities, demonstrating its proactive approach to achieving its mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Greater Grand Rapids Chamber Foundation significantly impacts the community by providing essential programming and funding designed to foster free enterprise and enhance the overall quality of life in the greater Grand Rapids area. One of its key initiatives, the Community Collaboration Initiative, actively prepares for future community needs through strategic grant writing and proposals, ensuring sustainable development and support for local projects. The Foundation’s efforts contribute to a thriving environment where philanthropy and community enhancement go hand in hand, addressing vital charitable, scientific, literary, and educational objectives that benefit residents and local enterprises alike.
This information is meant to be a general summary of Greater Grand Rapids Chamber Foundation. 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 2023.
- Investment Income: $25,918
- Gross Receipts: $826,769
Assets and Liabilities:
- Total Assets: $4,503,098
- Total Liabilities: $3,866,068
- Net Assets: $637,030
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1972
Principal Officer
Rick Baker
Website
www.grandrapids.orgNTEE Category
Code: T30 - Philanthropy
If you are a representative of Greater Grand Rapids Chamber Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.