Gratiot County Community Foundation
Awards grants and scholarships to support local education, health, human services, arts, and community development projects for the residents of Gratiot County. For fiscal year 2025 it reported $1.2M in revenue, $979K in expenses, and $18.9M in net assets.Pt I
- Type
- Public foundation / grantmaker · Foundations & Grantmakers
- Location
- Ithaca, MI
- Website
- www.gratiotfoundation.org
- Filings
- 6 on file (2020–2025)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Chelsea Holmes’s $95K as Executive Director is at the 26th percentile of top reported officer pay among 1690 $1–10M 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 · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Chelsea Holmes | $95,000 | — | — | — | — | — |
| Chelsea Holmes | — | $83,633 | $86,750 | $69,064 | — | — |
| Tina Travis | — | — | — | — | $61,500 | $61,500 |
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.
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Where the work happens
Grants and scholarships awarded for community projects and programs in fields of education, health, human services, arts, culture and community service.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 75% | — | — |
| Overhead ratio | 23% | — | — |
| Fundraising cost ratio | 7% | — | — |
| Revenue growth | -10% | — | — |
| Investment management fee ratio | 0.3% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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