Overview
What is Grand Rapids Area Community Foundation?
The Grand Rapids Area Community Foundation, situated in Grand Rapids, Minnesota, is a nonprofit organization that actively engages individuals and organizations in investing in their community to enhance its overall quality of life. In 2022, they granted a total of $1,371,321 to 863 community projects and offered 164 scholarships worth $262,150 to deserving individuals and families. With a diverse donor base and a focus on community needs, the Foundation demonstrates its commitment to contributing positively to the local community.
Official website here: www.gracf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Grand Rapids Area Community Foundation has received a high rating of 97% from Charity Navigator, which reflects its strong performance in accountability and finance. With a perfect score in several areas, including the independence of board members and financial oversight, the organization demonstrates solid governance and financial health. The foundation shows a commitment to transparency, as indicated by its policies on conflict of interest and whistleblowing.
In terms of program efficiency, the foundation allocates 87.4% of its expenses directly to programs, showcasing its effective use of funds. Additionally, its fundraising efficiency is impressive, requiring only $0.02 to raise a dollar, highlighting its low overhead costs. The organization also maintains a strong working capital ratio of 11.72 years, indicating long-term financial stability.
On the cultural and community engagement front, the foundation scores a perfect 100%. It actively collects and utilizes feedback from stakeholders, ensuring that its practices align with community needs. This comprehensive approach fosters a strong relationship with the community and enhances the foundation's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Rapids Area Community Foundation legitimate?
Grand Rapids Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Rapids Area 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: $85,671
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,173
For more financial information, click here
Official website here: www.gracf.org
What is the mission statement of Grand Rapids Area Community Foundation?
The Grand Rapids Area Community Foundation encourages both individuals and organizations to invest in their community with the aim of enhancing the overall quality of life. This mission is executed by inspiring contributions towards community development projects. In 2022, the foundation distributed 863 grants worth $1,371,321 and provided 164 scholarships totaling $262,150 to support individuals and families. The foundation's work is driven by a diverse group of donors and a keen understanding of community needs.
Official website here: www.gracf.org
What is the revenue of Grand Rapids Area Community Foundation?
Grand Rapids Area Community Foundation's revenue in 2023 was $3,093,747.
Official website here: www.gracf.org
Who are the executives of Grand Rapids Area Community Foundation and what are their salaries?
The average compensation at Grand Rapids Area Community Foundation during 2023 was $62,281. There are 3 employees and 225 volunteers at Grand Rapids Area Community Foundation.
Here are 11 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: $85,671
- Related: $0
- Other: $2,480
Official website here: www.gracf.org
Where can I find the form 990 for Grand Rapids Area Community Foundation?
Grand Rapids Area Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gracf.org
Learn more at the official website: www.gracf.org
Mission Statement of Grand Rapids Area Community Foundation
The Grand Rapids Area Community Foundation, as per its mission, inspires both individuals and organizations to invest in their community, with the ultimate goal of enhancing the quality of life. By encouraging such investments, this esteemed organization aims to foster a sense of collective responsibility and action towards community betterment. Through its initiatives, the Foundation serves as a catalyst, motivating various stakeholders to contribute their resources and efforts towards uplifting the community.
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
July, 2024
Grand Rapids Area Community Foundation's impact is significant in inspiring individuals and organizations to invest in the community to improve the quality of life. In 2022 alone, the Foundation provided 863 grants totaling $1,371,321 back to the community, demonstrating their commitment to supporting community improvement initiatives. Additionally, they awarded 164 scholarships totaling $262,150 to individuals and families, further contributing to the enhancement of quality of life for residents. The Foundation's diverse group of donors and focus on addressing community needs underscore its positive impact on the Grand Rapids area.
This information is meant to be a general summary of Grand Rapids Area 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: $732,592
- Gross Receipts: $6,106,254
Assets and Liabilities:
- Total Assets: $28,200,490
- Total Liabilities: $3,211,748
- Net Assets: $24,988,742
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Principal Officer
Mindy Nuhring
Website
www.gracf.orgNTEE Category
Code: S20Z - Community improvement
If you are a representative of Grand Rapids Area Community 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.