Overview
What is Grand Action Foundation 20?
Grand Action Foundation 20 is a nonprofit organization situated in Grand Rapids, Michigan, specifically at 125 Ottawa Ave NW Suite 152. Their primary objective is to foster and support economic and cultural development in the Grand Rapids area and the surrounding West Michigan region. To achieve this goal, they collaborate with various entities, including governmental bodies, public-private partnerships, nonprofit organizations, educational institutions, community leaders, and the general public. The foundation has reengaged with Convention Sports and Leisure International (CSL) to examine potential future projects based on an asset study conducted four years prior. These projects may involve expanding Devos Place, constructing an outdoor amphitheater, building a soccer/field sports arena, or implementing an aerial transportation/gondola project. By financing these studies and potential construction projects, Grand Action Foundation contributes to the enhancement and development of destination assets in Grand Rapids. Their role also involves planning, promoting, developing, organizing, and overseeing the realization of civic, cultural, educational, scientific research, and entertainment facilities.
Official website here: www.grandaction.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 72%)
The Grand Action Foundation currently holds a two-star rating from Charity Navigator, reflecting a need for improvement in its accountability and financial practices. While the organization demonstrates strengths in areas such as having a majority independent board and solid financial oversight, it faces significant shortcomings in several key policy areas, including conflict of interest and whistleblower policies, which received no points in evaluation.
The foundation scored well in program expense ratio and working capital ratio, indicating effective allocation of resources towards its mission and a healthy financial position. However, the zero scores in fundraising efficiency and liabilities to assets ratio suggest potential challenges in managing fundraising costs and overall financial balance. This indicates that while the foundation is functioning adequately, there are substantial opportunities for improvement in its governance and operational transparency.
Overall, while the Grand Action Foundation has achieved a satisfactory level of financial accountability in some aspects, the lack of essential policies and performance in fundraising efficiency raises concerns about its long-term sustainability and governance. Stakeholders may want to consider these factors when assessing the organization's impact and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Action Foundation 20 legitimate?
Grand Action Foundation 20 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Action Foundation 20 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: $129,519
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,379
For more financial information, click here
Official website here: www.grandaction.org
What is the mission statement of Grand Action Foundation 20?
The Grand Action Foundation's mission is centered around promoting economic and cultural development. In pursuit of this goal, the foundation provides financial support for studies and potential future projects that could enhance the area's attractions and economic growth. The organization works closely with various entities, including governmental bodies, nonprofits, educational institutions, and the general public, to plan, develop, and oversee the realization of civic, cultural, educational, scientific research, and entertainment facilities. By fostering, supporting, encouraging, and reinforcing economic, social, and cultural development, the Grand Action Foundation aims to contribute positively to its community.
Official website here: www.grandaction.org
Who is the CEO of Grand Action Foundation 20?
Richard Devos Jr is the President of Grand Action Foundation 20.
Official website here: www.grandaction.org
What is the revenue of Grand Action Foundation 20?
Grand Action Foundation 20's revenue in 2022 was $125,941.
Official website here: www.grandaction.org
Who are the executives of Grand Action Foundation 20 and what are their salaries?
Here are 24 key members and their salaries:
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Official website here: www.grandaction.org
Where can I find the form 990 for Grand Action Foundation 20?
Grand Action Foundation 20's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grandaction.org
Learn more at the official website: www.grandaction.org
Mission Statement of Grand Action Foundation 20
Grand Action Foundation 20, with a vision for 2.0, is committed to fostering economic and cultural development in its sphere of influence. The organization aims to achieve this by collaborating with various entities, including governmental bodies, public-private partnerships, nonprofit organizations, educational institutions, community leaders, and the general public. Their role is to provide financial support for studies and potential future projects that align with their mission, such as expanding existing facilities, constructing outdoor amphitheaters, soccer/field sports arenas, or implementing aerial transportation/gondola projects. By doing so, Grand Action Foundation 20 contributes to the planning, promotion, development, organization, and oversight of civic, cultural, educational, scientific research, and entertainment facilities. The ultimate goal is to reinforce economic, social, and cultural development in the broader community, extending beyond the boundaries of Grand Rapids and into the surrounding areas of West Michigan.
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Impact
October, 2024
Grand Action Foundation 20 plays a pivotal role in the economic and cultural development of Grand Rapids, Michigan. Through a strategic re-engagement with Convention Sports and Leisure International (CSL), the foundation is actively assessing potential projects that could significantly enhance the city’s infrastructure and community offerings. This initiative includes exploring opportunities such as expanding DeVos Place, constructing an outdoor amphitheater, developing a soccer and field sports arena, and even considering an aerial transportation or gondola project.
By conducting comprehensive studies and strategic planning, the foundation is dedicated to identifying and promoting investments in destination assets that will attract visitors, stimulate economic growth, and enrich the community's cultural landscape. Collaborating with governmental bodies, educational institutions, and community leaders, Grand Action Foundation 20 aims to oversee the development of civic and entertainment facilities. This collaborative approach not only fosters a vibrant local economy but also strengthens social connections and cultural engagement among residents and visitors alike.
Through its efforts, Grand Action Foundation 20 reinforces the significance of public-private partnerships and community involvement, ensuring that the growth of Grand Rapids aligns with the needs and aspirations of its citizens. The foundation's commitment to enhancing the region supports a dynamic environment where economic vitality and cultural richness can thrive together.
This information is meant to be a general summary of Grand Action Foundation 20. 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: $941
- Gross Receipts: $125,941
Assets and Liabilities:
- Total Assets: $828,035
- Total Liabilities: $4,613
- Net Assets: $823,422
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Organization Details
Founding Year
1993
Phone
(616) 263-6600Principal Officer
Richard Devos Jr
Main Address
125 OTTAWA AVE NW SUITE 152, GRAND RAPIDS, MI, 49503
Website
www.grandaction.orgNTEE Category
Code: T30 - Philanthropy
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