Grand Rapids Christian School Foundation
- Assets
- $20.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids Mi, MI
- Founding
- 03/1943
- Data as of
- 06/2022
- EIN
- 23-7017305
Organization Overview
Grand Rapids Christian School Foundation is located in Grand Rapids Mi, MI. The organization was established in 1943. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Rapids Christian School Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Grand Rapids Christian School Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Grand Rapids Christian School Foundation has awarded 12 individual grants totaling $8,360,542. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO UNDERWRITE GRAND RAPIDS CHRISTIAN SCHOOLS BY PROVIDING RESOURCES TO SUPPORT ACTIVITIES LIKE,FACULTY PROFESSIONAL DEVELOPMENT, FACILITY OPERATIONAL COSTS, AND FAMILIES WHO ARE UNABLE TO AFFORD THE FULL COST OF TUITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REDUCE THE COST OF EDUCATION AND RELATED ACTIVITIES FOR STUDENTS OF THE GRAND RAPIDS CHRISTIAN SCHOOLS THROUGH GRANTS TO THE SCHOOL FROM FOUNDATION EARNINGS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Bos Jr President | OfficerTrustee | 1 | $0 |
Cindy Brink Treasurer | OfficerTrustee | 1 | $0 |
Jordan Bush Secretary | OfficerTrustee | 1 | $0 |
Tom Dejonge Superintendent - Supported | OfficerTrustee | 1 | $0 |
Jim Primus CFO - Supported Organizati | Officer | 1 | $0 |
Greg Jeltema Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $699,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $699,613 |
| Total Program Service Revenue | $0 |
| Investment income | $461,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,117,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,278,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,055,400 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,721 |
| Fees for services: Other | $0 |
| Advertising and promotion | $103,243 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,299,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,997,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,809 |
| Total assets | $20,326,242 |
| Accounts payable and accrued expenses | $781,466 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,063 |
| Total liabilities | $793,529 |
| Net assets without donor restrictions | $9,109,164 |
| Net assets with donor restrictions | $10,423,549 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,326,242 |
Grants Awarded
Over the last fiscal year, Grand Rapids Christian School Foundation has awarded $1,055,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: TO REDUCE THE COST OF EDUCATION FOR STUDENTS. | $999,400 |
Grand Rapids, MI PURPOSE: SUPPORT OPERATIONS OF ICE CENTER, WHICH BENEFITS STUDENTS OF GRCS. | $56,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grand Rapids Christian School Foundation has recieved totaling $80,420.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $40,210 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $40,210 |
Endowment Analysis
| Beg. Balance | $22,362,564 |
| Earnings | -$2,358,278 |
| Admin Expense | $101,510 |
| Net Contributions | $699,612 |
| Grants | $1,069,675 |
| Ending Balance | $19,532,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |