Overview
What is Grand Traverse Regional Community Foundation?
The Grand Traverse Regional Community Foundation is a nonprofit organization located in Traverse City, Michigan. With a mission to invest in the region's people and assets for lasting impact, they offer community service and support by providing grants to eligible 501(c)(3) nonprofits, municipalities, tribal, and educational partners within Antrim, Benzie, Grand Traverse, Kalkaska, and Leelanau counties. In 2022, they distributed grants to 118 organizations, making a local impact within their five-county region. The foundation employs a team of 10 individuals who are dedicated to stewarding community assets.
Official website here: www.gtrcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Grand Traverse Regional Community Foundation holds a distinguished Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The charity’s excellent score is derived entirely from its Accountability & Finance beacon, showcasing its robust governance and transparent financial practices.
Key strengths of the organization include a fully independent board composed of 32 members, ensuring diverse and unbiased decision-making. The foundation has demonstrated rigorous financial oversight with no material diversion of assets, high program expense ratio of 79%, and comprehensive policies for conflict of interest and whistleblower protections.
While the foundation showcases extraordinary performance in governance and transparency, it is important for donors and stakeholders to continue monitoring the organization’s impact and program effectiveness in the community. Overall, the Grand Traverse Regional Community Foundation is a strong candidate for support based on its solid financial health and commitment to ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Traverse Regional Community Foundation legitimate?
Grand Traverse Regional Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Traverse Regional 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: $157,759
Professional Fundraising Fees: $0
Other Salaries and Wages: $734,093
For more financial information, click here
Official website here: www.gtrcf.org
What is the mission statement of Grand Traverse Regional Community Foundation?
The Grand Traverse Regional Community Foundation's mission is centered around investing in the local community and its people for lasting impact. They steward community assets, using their resources to make a difference in various aspects of the region. The foundation provides grants to eligible organizations, including 501(c)(3) nonprofits, municipalities, tribal entities, and educational institutions. Through their grant-making activities, they aim to leave a lasting impact in the communities of Antrim, Benzie, Grand Traverse, Kalkaska, and Leelanau Counties. In 2022, they granted funds to 118 organizations.
Official website here: www.gtrcf.org
What is the revenue of Grand Traverse Regional Community Foundation?
Grand Traverse Regional Community Foundation's revenue in 2024 was $9,865,307.
Official website here: www.gtrcf.org
Who are the executives of Grand Traverse Regional Community Foundation and what are their salaries?
The average compensation at Grand Traverse Regional Community Foundation during 2024 was $81,077. There are 11 employees and 200 volunteers at Grand Traverse Regional Community Foundation.
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- Compensation: $157,759
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- Other: $7,890
Official website here: www.gtrcf.org
Where can I find the form 990 for Grand Traverse Regional Community Foundation?
Grand Traverse Regional Community Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.gtrcf.org
Learn more at the official website: www.gtrcf.org
Mission Statement of Grand Traverse Regional Community Foundation
The Grand Traverse Regional Community Foundation is an organization that is deeply committed to making a lasting impact in its community. Its mission can be summarized as investing in the people and places of the region, while stewarding community assets for enduring change. This nonprofit takes an active role in providing community service and support by granting funds to eligible 501(c)(3) nonprofits, municipalities, tribal entities, and educational institutions. In doing so, it aims to create local impact across its five-county region, which includes Antrim, Benzie, Grand Traverse, Kalkaska, and Leelanau Counties. In 2022, the foundation showed its commitment by distributing grants to 118 organizations. By taking on this mission, the Grand Traverse Regional Community Foundation is dedicated to improving the well-being of its community and ensuring a sustainable future for generations to come.
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Impact
July, 2024
The Grand Traverse Regional Community Foundation invests in the people and places of its region, making a significant impact through grants to various organizations. By serving Antrim, Benzie, Grand Traverse, Kalkaska, and Leelanau counties, the foundation contributes to the well-being and development of communities throughout this five-county area. In 2022 alone, the foundation provided grants to 118 organizations, highlighting its commitment to fostering positive change and supporting local initiatives.
This information is meant to be a general summary of Grand Traverse Regional 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 2024.
- Investment Income: $3,011,808
- Gross Receipts: $16,929,235
Assets and Liabilities:
- Total Assets: $86,232,237
- Total Liabilities: $75,677
- Net Assets: $86,156,560
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Organization Details
Founding Year
1992
Principal Officer
Beth Dunckel
Website
www.gtrcf.orgNTEE Category
Code: T310 - Philanthropy
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