Overview
What is Grand Rapids Community Foundation?
The Grand Rapids Community Foundation is a prominent nonprofit organization situated in Grand Rapids, Michigan. With a focus on community development, it manages a permanent endowment to enhance the lives of its residents. The foundation invests in innovative models and proven programs, supporting policy and advocacy efforts across Kent County. Among its recent initiatives, it awarded grants totaling $1.195 million to three local organizations: the Greater Grand Rapids NAACP, United Methodist Community House, and Hispanic Center of Western Michigan. These grants aim to combat racial discrimination, provide culturally effective services for older adults, and support the Hispanic community in achieving equity and personal prosperity, respectively. With a workforce of 38 employees, the Grand Rapids Foundation continues to contribute to the betterment of its community.
Official website here: www.grfoundation.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Stars)**
The Grand Rapids Community Foundation has earned a Four-Star rating from Charity Navigator, demonstrating a high level of financial accountability and transparency. The organization excels in its accountability and finance practices, holding a score of 95 in this category. Additionally, it showcases a strong independent board and comprehensive policies in place to ensure ethical governance and financial integrity.
Strengths highlighted in the evaluation include a robust program expense ratio of over 80%, indicating a meaningful allocation of funds directly to programs, and a solid fundraising efficiency ratio. The foundation's commitment to leadership development among its staff, including opportunities for professional growth, further enhances its operational effectiveness. Amid the challenges of the pandemic, the organization has successfully adapted to a hybrid operational model, maintaining its focus on community engagement.
User reviews are currently unavailable; however, the organization's strong metrics suggest a positive reputation within the community. The Grand Rapids Community Foundation's mission to strengthen people's lives through strategic community investment remains a priority, aligning with its long-term vision of addressing inequities and fostering collaboration across diverse perspectives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Grand Rapids Community Foundation?
88% of 21 reviewers on Facebook recommend the Grand Rapids Community Foundation. Here is a summary of their reviews:
Many users express gratitude for the support received, especially highlighting the assistance from staff members like Ruth Bishop in programs such as the Yes Scholarship. This hands-on support appears to have made a significant difference for individuals, fostering a sense of community and achievement.
Overall, the sentiments shared reflect a positive experience with the foundation's services, underscoring the impact of their programs and the dedication of their team members in helping community members succeed.
This AI summary has been generated from reviews found on Facebook.
Is Grand Rapids Community Foundation legitimate?
Grand Rapids Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Rapids Community 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: $1,145,199
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,037,739
For more financial information, click here
Official website here: www.grfoundation.org
What is the mission statement of Grand Rapids Community Foundation?
The Grand Rapids Community Foundation's mission revolves around building and managing a permanent endowment. Their primary objective is to lead their community in enhancing the lives of its people. To achieve this, they invest in innovative models, proven programs, policy, and advocacy efforts across various sectors. The foundation supports organizations in their capacity-building endeavors, funding initiatives that aim to dismantle racial discrimination, provide services for older adults, and support the Hispanic community in achieving equity and personalized prosperity.
Official website here: www.grfoundation.org
Who is the CEO of Grand Rapids Community Foundation?
Diana Sieger is the President of Grand Rapids Community Foundation.
Official website here: www.grfoundation.org
What is the revenue of Grand Rapids Community Foundation?
Grand Rapids Community Foundation's revenue in 2023 was $8,730,097.
Official website here: www.grfoundation.org
Who are the executives of Grand Rapids Community Foundation and what are their salaries?
The average compensation at Grand Rapids Community Foundation during 2023 was $83,762. There are 38 employees and 265 volunteers at Grand Rapids Community Foundation.
Here are 20 key members and their salaries:
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- Compensation: $117,557
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- Other: $11,261
Official website here: www.grfoundation.org
Where can I find the form 990 for Grand Rapids Community Foundation?
Grand Rapids Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.grfoundation.org
Learn more at the official website: www.grfoundation.org
Mission Statement of Grand Rapids Community Foundation
Grand Rapids Community Foundation, an established organization, is dedicated to its mission of strengthening the lives of its community's people. To achieve this, the foundation invests in innovative models, proven programs, policy, and advocacy efforts throughout Kent County. By doing so, it aims to build and manage a permanent endowment that will serve as a sustainable source of support for various community needs. This mission reflects the foundation's commitment to fostering growth and development within its community, ensuring that its people have the resources and opportunities they need to thrive.
In practical terms, Grand Rapids Community Foundation fulfills its mission by providing grants and scholarships to a diverse range of organizations. For instance, it granted $420,000 to the Greater Grand Rapids NAACP to support their ongoing work in dismantling racial discrimination by building internal capacity. Similarly, it awarded $400,000 to United Methodist Community House to help them provide culturally effective services for older adults. Furthermore, the foundation provided a $375,000 grant to the Hispanic Center of Western Michigan, supporting the Hispanic community's efforts to achieve equity and personalized prosperity. These grants demonstrate Grand Rapids Community Foundation's proactive role in addressing community needs and fostering equality and opportunity for all its people.
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Impact
July, 2024
Grand Rapids Community Foundation is making a significant impact in the Grand Rapids community by investing in innovative models, proven programs, policy, and advocacy efforts throughout Kent County. Through grants and scholarships, the foundation supports organizations like the Greater Grand Rapids NAACP, United Methodist Community House, and Hispanic Center of Western Michigan, among others, to address important issues such as racial discrimination, culturally effective services for older adults, and achieving equity for the Hispanic community. Their mission to build and manage the community's permanent endowment and lead efforts to strengthen the lives of its people showcases their commitment to creating lasting positive change in Grand Rapids.
This information is meant to be a general summary of Grand Rapids Community 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: $1,727,000
- Gross Receipts: $13,480,900
Assets and Liabilities:
- Total Assets: $404,141,821
- Total Liabilities: $8,433,372
- Net Assets: $395,708,449
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Organization Details
Founding Year
1922
Phone
(616) 454-1751Principal Officer
Diana Sieger
Main Address
185 OAKES STREET SW, GRAND RAPIDS, MI, 49503
Website
www.grfoundation.orgNTEE Category
Code: T310 - Philanthropy
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