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Rev Foundation EIN 82-4476155

Rev Foundation FY2020 filing

EIN  82-4476155 Private foundation / grantmaker Grand Rapids, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Grand Rapids, MI. It reported about $210K in revenue for 2020.
Money in and out
$210K revenue, $182K expenses
Bottom line
—

A private foundation based in Grand Rapids, MI. It reported about $210K in revenue for 2020. For fiscal year 2020 it reported $210K in revenue, $182K in expenses, and $56K in net assets.Pt I

Grants paid & assets · FY2020
Total revenue
$210K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$56K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Total assets
56K
deployed as grants and operations
Grants paid
178K
in FY2020
Grants made
15grants
total in period
Payout rate
317%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 15 grants · $225K · 2024–2024
Journey Academy Grand RapidsFY2024$80,000
The Claremont InstituteFY2024$25,000
Ada TownshipFY2024$25,000
Keystone Community ChurchFY2024$20,000
American Moment INCDC · FY2024$20,000
Student Free Press AssociationMI · FY2024$10,000
Macatawa Bay Junior AssociationMI · FY2024$10,000
Intercollegiate Studies Institute INCDE · FY2024$10,000
West Michigan Aviation Academy FoundationMI · FY2024$7,500
School of Missionary Aviation TechnologyMI · FY2024$5,000
Helen Devos Children's Hospital FoundationFY2024$5,000
Acton Institute for the Study of Religion and LibertyFY2024$5,000
Helen Devos Children's Hospital FoundationFY2024$1,000
Central Park ChapelMI · FY2024$1,000
Kent County Conservation League Orange CrushersFY2024$500

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV7
Average grantPart XV$15K
Median grantPart XV$10K
Largest grantPart XV$80K
Top cause focusNTEEEducation (27%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$210K
FY2020
Expenses
$182K
FY2020
Total assets
$56K
FY2020
Total liabilities
$0
FY2020
Total revenue
$210K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$56K
Pt X · Ln 32
Total assetsPt II$56K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRev Foundation
EINHdr · item D82-4476155
Principal addressHdr · item CGrand Rapids, MI
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJul 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Rev Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$210K
Other revenue$145
Total revenueLn 12$210K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.98 Operating & administrative $0.02
Grants & contributions paid98%$178K
Operating & administrative2%$4K
Total functional expensesLn 25$182K

Balance Sheet

Part X · end of year
CashLn 1$38K
Total assetsLn 16$56K
Total liabilitiesLn 26$0
Total net assetsLn 32$56K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $56K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $210K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $210K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $210K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $56K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $210K · Expenses $182K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $56K
—
Net-asset ratio
Net assets $56K · Total assets $56K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $182K
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$200K revenue · ⤓ 990 PDF
FY2023$260K revenue · ⤓ 990 PDF
FY2022$315K revenue · ⤓ 990 PDF
FY2021$340K revenue · ⤓ 990 PDF
FY2020$210K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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