Greater Grand Rapids Chamber Foundation

Organization Overview

Greater Grand Rapids Chamber Foundation is located in Grand Rapids, MI. The organization was established in 1972. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Grand Rapids Chamber 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 12/2021, Greater Grand Rapids Chamber Foundation generated $926.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Greater Grand Rapids Chamber Foundation has awarded 39 individual grants totaling $318,000. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PROGRAMMING AND FUNDING THAT ENCOURAGES FREE ENTERPRISE, ENHANCES THE QUALITY OF LIFE IN THE GREATER GRAND RAPIDS AREA, OR OTHERWISE SERVES A CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY COLLABORATION INITIATIVE - THIS YEAR, THE PROGRAM PREPARED FOR FUTURE YEARS BY DOING SOME GRANT WRITING AND OTHER PROPOSALS


DIVERSITY, EQUITY, AND INCLUSION - THE FOUNDATION RECEIVED FUNDING FOR GR FUTURES TO FURTHER THE WORK IN INCLUSION AND EQUITY FOR MINORITY BUSINESSES BY CREATING MINORITY BUSINESS COUNCILS. THE FOUNDATION ALSO COORDINATED AN OPPORTUNITY FOR ALL CAMPAIGN.


OTHER PROGRAMS SUCH AS DOWNTOWN BUSINESS RELIEF FUND, FRONTLINE FOOD FUND, AND COMMUNITY LEADERSHIP PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
Meredith Bronk
Chair
$0
Jeff Lumpp
Treasurer
$0
Jeff Connolly
Vice Chair
$0
Nelson Sanchez
Past Chair
$0
William Brennan
Director
$0
Jennifer Crowley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$31,500
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$891,802
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$923,302
Total Program Service Revenue$0
Investment income $7
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $3,306
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $926,615

Grants Awarded

Over the last fiscal year, Greater Grand Rapids Chamber Foundation has awarded $318,000 in support to 39 organizations.

Grant RecipientAmount

ALEBIRD TAPHOUSE AND BREWERY

PURPOSE: COVID assistance

$10,000

SIMPLY A LOVING TOUCH HOMECARE

PURPOSE: COVID assistance

$10,000

FIELD & FIRE CAFE

PURPOSE: COVID assistance

$10,000

NYE UNIFORM

PURPOSE: COVID assistance

$10,000

CHELSEA MARKETIG DBA BOB'S BAR

PURPOSE: COVID assistance

$10,000

40 ACRES LIFESYLES DBA FORTY ACRES SOUL KITCHEN

PURPOSE: COVID assistance

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Greater Grand Rapids Chamber Foundation has recieved totaling $1,320,500.

Awarding OrganizationAmount
Douglas & Maria Devos Foundation

Grand Rapids, MI

PURPOSE: PROJECT/PROGRAM - OPPORTUNITY FOR ALL

$880,000
Douglas & Maria Devos Foundation

Grand Rapids, MI

PURPOSE: PROJECT/PROGRAM - OPPORTUNITY FOR ALL

$150,000
Wolverine World Wide Foundation

Rockford, MI

PURPOSE: OTHER

$100,000
Daniel & Pamella Devos Foundation

Grand Rapids, MI

PURPOSE: PROJECT/PROGRAM - OPPORTUNITY FOR ALL

$50,000
Dick And Betsy Devos Family Foundation

Grand Rapids, MI

PURPOSE: PROJECT/PROGRAM - OPPORTUNITY FOR ALL

$50,000
Cdv5 Foundation

Grand Rapids, MI

PURPOSE: PROJECT/PROGRAM - OPPORTUNITY FOR ALL

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$67,480
Earnings$10,288
Ending Balance$77,768

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