Grand Rapids Community Foundation

Tax-deductible

Grand Rapids, MI501(c)(3)Since 1922Foundations & GrantmakersEIN 38-2877959Revenue $27.3M in FY2025

On file with the IRSgrfoundation.org185 Oakes St Sw, 49503-4008 · Grand Rapids, MITax-exempt since Aug 1989Publicly supported charity — 170(b)(1)(A)(vi)

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To build the capacity of the nonprofit sector, the Community Foundation invests in innovative models, proven programs, policy and advocacy efforts throughout kent county.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 265 volunteers and 34 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $7.1M a year · 22% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 4% of spending
Top officer’s pay lower than 54% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
27
named funders · $2.7M
Looks good: 27 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.3M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.3M
-2% vs prior year
Spent
$31.7M
To programs
81%
Net assets
$477.3M
By yearFY2021–FY2025
Revenue
$27.3M
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2021$49.2M
FY2022$51.1M
FY2023$8.7M
FY2024$27.9M
FY2025$27.3M
Expenses
$31.7M
FY2025▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2021$25.2M
FY2022$23.4M
FY2023$24.6M
FY2024$23.8M
FY2025$31.7M
Net assets
$477.3M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$418.1M
FY2022$378.1M
FY2023$395.7M
FY2024$439.9M
FY2025$477.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $25.8M Management & general 14% · $4.4M Fundraising 5% · $1.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$223,762Pt VII · Sec A
CFO/Treasurer
$193,573Pt VII · Sec A
Vice President
$183,873Pt VII · Sec A
Vice President
$161,785Pt VII · Sec A
Finance Director
$136,994Pt VII · Sec A
Vice President
$132,730Pt VII · Sec A
Program Director
$122,174Pt VII · Sec A
Former President
$118,278Pt VII · Sec A

Lasandra Gaddy’s $224K as President is at the 46th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Diana Sieger$118,278$310,814$300,920$290,892$287,067
Lasandra Gaddy$223,762————
Stan Vander Roest$193,573$188,319$181,125$173,359$178,095
Marilyn Zack$183,873$172,324$164,778$160,257$164,657
Kate Luckert Schmid$161,785$156,938$150,547$145,035$138,845
Danielle Brown$136,994$133,291$128,018——
Ashley Lee$132,730$131,496$129,914$121,099$114,496
Christine Kutzli$122,174$123,085$117,557$113,497$114,059

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Grand Rapids Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Invests in Kent County nonprofits, innovative programs, policy advocacy, and local K-12 education initiatives to strengthen and support the community.

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Provided by the organization

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3 programs · $25.8M · in their own filed words · FY2024
01

Grants and Scholarships 1) Housing Kent

To implement a county-wide collective impact initiative to advance housing equity by aligning cross-sector partners, centering lived experience, and driving systems and policy change. $500,000 GRANT.2) kent school services network - to ensure students have access to holistic, non-academic supports that create the conditions for academic…

$24.2Mprogram expense
02

Charitable and philanthropic operating expenses associated with processing the foundation's grant applications, community leadership activities and philanthropic services to the non-profit field.

$1.5Mprogram expense
03

Community initiatives and program expenses those expenses that cover activities that could be carried out by a program with its own or others' resources. Currently, these initiatives are focused on k-12 education in the city of grand rapids.

$104Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 27 funders →
Grants paid · 1,537 grants · $90.1M · 2020–2024
Unitemized GrantFY2024$1,741,825
The Chicago Community TrustIL · FY2024$1,023,366
Kent School Services NetworkMI · FY2024$465,000
Michigan Advocacy ProgramMI · FY2024$429,250
Corewell HealthMI · FY2024$322,788
Urban Core CollectiveMI · FY2024$279,850
KconnectMI · FY2024$250,000
Grand Rapids Pride CenterMI · FY2024$245,075
Baxter Community CenterMI · FY2024$223,000
Aquinas College INCMI · FY2024$222,380
Grand Action Foundation 2 0MI · FY2024$210,000
See all 1,537 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$27.3M
Ln 12
Investment incomeLn 3$13.8M
Gifts and grantsLn 1h$13.4M
Other incomeLn 4–11$45K
Money outPt IX
$31.7M
Ln 25
Programscol B$25.8M
Managementcol C$4.4M
Fundraisingcol D$1.5M
Owns and owesPt X
$477.3M
net assets · Ln 32
Cash and savingsLn 1–2$11.0M
Total assetsLn 16$483.6M
LiabilitiesLn 26$6.3M
PeoplePt VI, VII
23
listed · VII A
PaidVII A9
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.4M
Government grantsLn 1e$318K
Noncash giftsLn 1g$3.6M
Investment incomeLn 3$13.8M
Other incomeLn 4–11$45K
Gains on assetsLn 7$6.6M
Total revenueLn 12$27.3M
Assets in detailPt X, end of year
SavingsLn 2$11.0M
Cash and savings togetherLn 1–2$11.0M
InvestmentsLn 11–13$458.4M
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$6.9M
Total assetsLn 16$483.6M
LiabilitiesLn 26$6.3M
Net assetsLn 32$477.3M
OperationsPt I, VI
EmployeesI 534
VolunteersI 6265
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$7.7M$11.0M
InvestmentsLn 11–13$422.8M$458.4M
Land, buildings, equipmentLn 10c$2.9M$2.8M
Total assetsLn 16$446.0M$483.6M
LiabilitiesLn 26$6.1M$6.3M
Net assetsLn 32$439.9M$477.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22.4M$22.4M
Grants to domestic individualsLn 2$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$1.2M$219K$612K$327K
Other salaries and wagesLn 7$2.1M$727K$748K$620K
Pension plan contributionsLn 8$132K$43K$51K$39K
Other employee benefitsLn 9$392K$130K$151K$111K
Payroll taxesLn 10$228K$67K$94K$66K
Legal feesLn 11b$15K$4K$5K$6K
Accounting feesLn 11c$53K$53K
Investment management feesLn 11f$2.2M$2.2M
Other fees for servicesLn 11g$44K$13K$17K$14K
Office expensesLn 13$254K$72K$111K$71K
Information technologyLn 14$63K$18K$25K$20K
OccupancyLn 16$193K$75K$65K$53K
Conferences, conventions and meetingsLn 19$41K$12K$17K$12K
Depreciation, depletion and amortizationLn 22$150K$44K$62K$43K
InsuranceLn 23$13K$3K$7K$3K
Other expenses (24a–d)Ln 24$351K$152K$118K$81K
All other expensesLn 24e$132K$68K$15K$48K
Total functional expensesLn 25$31.7M$25.8M$4.4M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $27.3M$31.7M−$4.5M$477.3M 990 PDF
FY2024 $27.9M$23.8M$4.1M$439.9M 990 PDF
FY2023 $8.7M$24.6M−$15.9M$395.7M 990 PDF
FY2022 $51.1M$23.4M$27.7M$378.1M 990 PDF
FY2021 $49.2M$25.2M$24.1M$418.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $27,259,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,124,133$13,396,257
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $11,721,258$13,818,197
I-11 Other revenuePrior year $41,011$45,376
I-12 Total revenuePrior year $27,886,402$27,259,830
I-13 Grants and similar amounts paidPrior year $16,078,689$24,180,887
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,057,819$4,005,156
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,618,276$3,552,655
I-18 Total expensesPrior year $23,754,784$31,738,698
I-19 Revenue less expensesPrior year $4,131,618−$4,478,868
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $27,259,830 across 9 lines filed
VIII-1a Federated campaigns$28
VIII-1e Government grants$317,512
VIII-1f All other contributions, gifts and grants$13,078,717
VIII-1g Noncash contributions (included above)$3,636,284
VIII-1h Total contributions, gifts and grants$13,396,257
VIII-3 Investment incomeUnrelated business −$202,541 · Excluded from tax $7,425,379$7,222,838
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,595,359$6,595,359
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $45,376$45,376
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$202,541 · Excluded from tax $14,066,114$27,259,830
Part IX · Statement of functional expenses $31,738,698 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $22,439,062$22,439,062
IX-2 Grants to domestic individualsPrograms $1,741,825$1,741,825
IX-5 Pay of current officers, directors and key staffPrograms $219,395 · Management $612,375 · Fundraising $326,674$1,158,444
IX-7 Other salaries and wagesPrograms $726,559 · Management $747,526 · Fundraising $620,261$2,094,346
IX-8 Pension plan contributionsPrograms $42,761 · Management $50,593 · Fundraising $38,915$132,269
IX-9 Other employee benefitsPrograms $130,295 · Management $150,933 · Fundraising $111,127$392,355
IX-10 Payroll taxesPrograms $67,466 · Management $94,140 · Fundraising $66,136$227,742
IX-11b Legal feesPrograms $3,584 · Management $5,001 · Fundraising $6,389$14,974
IX-11c Accounting feesManagement $52,725$52,725
IX-11f Investment management feesManagement $2,245,200$2,245,200
IX-11g Other fees for servicesPrograms $12,501 · Management $17,443 · Fundraising $14,223$44,167
IX-13 Office expensesPrograms $71,920 · Management $111,471 · Fundraising $70,505$253,896
IX-14 Information technologyPrograms $17,705 · Management $24,705 · Fundraising $20,144$62,554
IX-16 OccupancyPrograms $74,860 · Management $65,101 · Fundraising $52,679$192,640
IX-19 Conferences, conventions and meetingsPrograms $12,102 · Management $16,887 · Fundraising $11,864$40,853
IX-22 Depreciation, depletion and amortizationPrograms $44,294 · Management $61,808 · Fundraising $43,422$149,524
IX-23 InsurancePrograms $3,065 · Management $6,659 · Fundraising $3,005$12,729
IX-24 Other expenses (24a–d)Programs $152,265 · Management $117,957 · Fundraising $81,031$351,253
IX-24e All other expensesPrograms $68,324 · Management $15,327 · Fundraising $48,489$132,140
IX-25 Total functional expensesPrograms $25,827,983 · Management $4,395,851 · Fundraising $1,514,864$31,738,698
Part X · Balance sheet $483,567,970 assets, 16 lines filed
Asset lines not itemized here account for $1,615,870; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $7,736,188$11,018,664
X-3 Pledges and grants receivableStart of year $3,451,714$2,735,745
X-9 Prepaid expenses and deferred chargesStart of year $5,187$5,547
X-10c Land, buildings and equipment, netStart of year $2,913,641$2,815,442
X-11 Publicly traded securitiesStart of year $340,890,413$365,003,549
X-12 Other securitiesStart of year $81,932,243$93,426,182
X-15 Other assetsStart of year $6,740,356$6,946,971
X-16 Total assetsStart of year $446,007,139$483,567,970
X-17 Accounts payable and accrued expensesStart of year $119,769$189,431
X-18 Grants payableStart of year $4,567,306$5,072,952
X-25 Other liabilitiesStart of year $1,422,835$1,034,746
X-26 Total liabilitiesStart of year $6,109,910$6,297,129
X-27 Net assets without donor restrictionsStart of year $415,985,849$452,381,211
X-28 Net assets with donor restrictionsStart of year $23,911,380$24,889,630
X-32 Total net assets or fund balancesStart of year $439,897,229$477,270,841
X-33 Total liabilities and net assetsStart of year $446,007,139$483,567,970
Part XI · Reconciliation of net assets $477,270,841 net assets at year end
XI-1 Total revenue$27,259,830
XI-2 Total expenses$31,738,698
XI-3 Revenue less expenses−$4,478,868
XI-4 Net assets at start of year$439,897,229
XI-5 Net unrealized gains (losses) on investments$41,374,022
XI-9 Other changes in net assets$478,458
XI-10 Net assets at end of year$477,270,841

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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