Grand Rapids Whitewater Inc
- Assets
- $7.0m
- Revenue
- $417.6k
- Investments
- $2.8k
- Employees
- 2
- Location
- Grand Rapids, MI
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 27-1009241
Organization Overview
Grand Rapids Whitewater Inc is located in Grand Rapids, MI. The organization was established in 2010. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Grand Rapids Whitewater Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Rapids Whitewater Inc 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, Grand Rapids Whitewater Inc generated $417.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $926.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO RECREATE RAPIDS THAT PROVIDE RECREATIONAL AND FITNESS OPPORTUNITIES TO THE GENERAL PUBLIC, AND TO PROMOTE AN ENVIRONMENTALLY SOUND DESIGN THAT WILL ENHANCE THE SUSTAINABILITY OF FISH, WILDLIFE, AND NATURAL RESOURCES WITHIN THE GRAND RIVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVER RESTORATION INCLUDED THE FOLLOWING PHASES: ENGINEERING PHASE I - "PHASE 1" INCLUDED THE DEVELOPMENT OF PRELIMINARY ENGINEERING WORK FOR THE RAPIDS RESTORATION PROJECT PROPOSED IN GRAND RAPIDS, MICHIGAN ON THE GRAND RIVER. THE ENGINEERING WORK WAS PERFORMED BY THE CONSULTANTS FROM RIVERRESTORATION, ECOANALYSTS, AND ENVIRONMENTAL RESOURCES MANAGEMENT. THE WORK PERFORMED INCLUDED FIELD SURVEYS, PROJECT COORDINATION AND COMMUNICATION, PRELIMINARY ANALYSIS, PRELIMINARY SCOPE DEVELOPMENT, AND PRELIMINARY DESIGN OF PROJECT COMPONENTS INCLUDING EXISTING DAM REMOVAL, HYDRAULIC MODELS, A NEW LAMPREY BARRIER, HABITAT RESTORATION AND FISH PASSAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Heacock President/ce | OfficerTrustee | 40 | $150,000 |
Chris Muller Board Chair | OfficerTrustee | 15 | $0 |
John Green Treasurer | OfficerTrustee | 2 | $0 |
Scott Lewis Secretary | OfficerTrustee | 2 | $0 |
Jeff Vandenberg Director | Trustee | 2 | $0 |
Juan Olivarez Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Riverrestoration Consulting | 12/30/18 | $781,844 |
Warner Norcross & Judd Legal | 12/30/18 | $286,189 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $350,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,123 |
| Total Program Service Revenue | $0 |
| Investment income | $14,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $13,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $16,000 |
| Fees for services: Legal | $252,566 |
| Fees for services: Accounting | $29,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,460 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $209,217 |
| Advertising and promotion | $0 |
| Office expenses | $66,586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,160 |
| Travel | $81 |
| 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 | $926,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,519 |
| Savings and temporary cash investments | $5,719,743 |
| Pledges and grants receivable | $1,272,173 |
| 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 | $0 |
| Investments—other securities | $2,813 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,001,248 |
| Accounts payable and accrued expenses | $26,174 |
| 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 | $0 |
| Total liabilities | $26,174 |
| Net assets without donor restrictions | $3,277,061 |
| Net assets with donor restrictions | $3,698,013 |
| 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 | $7,001,248 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Grand Rapids Whitewater Inc has recieved totaling $2,406,521.
| Awarding Organization | Amount |
|---|---|
Peter C And Emajean Cook Foundation Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $1,000,000 |
Frey Foundation Grand Rapids, MI PURPOSE: GRAND RIVER RESTORATION; LOWER REACH | $350,000 |
Frey Foundation Grand Rapids, MI PURPOSE: GRAND RIVER RESTORATION; LOWER REACH | $350,000 |
Frey Foundation Grand Rapids, MI PURPOSE: GRAND RIVER RESTORATION; LOWER REACH | $300,000 |
Frey Foundation Grand Rapids, MI PURPOSE: COMPLETION OF THE PRE-CONSTRUCTION DEVELOPMENT PHASE OF THE 2.2 MILE GRAND RIVER RESTORATION INCLUDING DESIGN, ENGINEERING, PERMIT SUBMISSION, ENVIRONMENTAL REVIEW AND FUND DEVELOPMENT. | $280,000 |
Peter And Joan Secchia Family Inc Grand Rapids, MI PURPOSE: WHITE WATER IMPROVEMENT PARK ON GRAND RIVER | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Riverfront Conservancy Inc Detroit, MI | $162,240,177 | $18,294,537 |
Detroit 300 Conservancy Detroit, MI | $4,896,723 | $5,340,808 |
Park Glen Corporation Columbus, OH | $3,224,171 | $4,744,005 |
Friends Of@sauk Prairie Parks And Recreation Inc Sauk City, WI | $5,893,890 | $2,059,173 |
Dte Beacon Park Foundation Detroit, MI | $11,952,865 | $120,651 |
Cincinnati Parks Foundation Cincinnati, OH | $20,775,378 | $5,802,905 |
Traverse Area Recreation & Transportation Trails Inc Traverse City, MI | $8,125,074 | $2,931,318 |
Ice Age Trail Alliance Cross Plains, WI | $12,975,124 | $3,561,895 |
Friends Of Hoyt Park Wauwatosa, WI | $6,559,517 | $1,528,114 |
Camp Jorn Young Mens Christian Association Manitowish Waters, WI | $14,142,692 | $2,178,716 |
Lake Minehaha Owners Association Inc Portage, IN | $1,097,994 | $1,270,955 |
Kalamazoo County Parks And Recreation Development Foundation Kalamazoo, MI | $588,846 | $1,070,772 |