Cdv5 Foundation
- Assets
- $74.3m
- Revenue
- $16.5m
- Investments
- $74.1m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 38-3035978
Organization Overview
Cdv5 Foundation is located in Grand Rapids, MI. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cdv5 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 12/2022, Cdv5 Foundation generated $16.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cdv5 Foundation has awarded 248 individual grants totaling $19,330,520. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne C Devos President/director | 1 | $0 | |
Robert H Schierbeek Coo/vp/director | 0.1 | $0 | |
Jeffrey S Bowerman VP Of Tax | 0.1 | $0 | |
Susan E Valcq Treasurer/secretary | 0.1 | $0 | |
Nicholas J Thole Vice President | 0.1 | $0 | |
Jason Zylstra Foundation Manager | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ottawa Avenue Private Capital | 12/30/22 | $212,047 |
Rdv Corporation | 12/30/22 | $151,581 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $358,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $497,916 |
| Capital Gain Net Income | $15,343,178 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,682,778 |
| Total Revenue | $16,539,159 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $415,939 |
| Contributions, gifts, grants paid | $4,247,500 |
| Total expenses and disbursements | $4,663,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$41,915 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,233,804 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $250,000 |
| Total assets | $74,339,327 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cdv5 Foundation has awarded $4,522,500 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ARTPRIZE GRAND RAPIDS PURPOSE: GENERAL OPERATING | $25,000 |
BASE CAMP URBAN OUTREACH PURPOSE: GENERAL OPERATING | $20,000 |
ALL BELONG CENTER FOR INCLUSIVE EDUCATION PURPOSE: GENERAL OPERATING | $15,000 |
AYA YOUTH COLLECTIVE PURPOSE: GENERAL OPERATING | $20,000 |
BAXTER COMMUNITY CENTER PURPOSE: PROJECT/PROGRAM - EARLY EDUCATION | $30,000 |
BETHANY CHRISTIAN SERVICES INC PURPOSE: PROJECT/PROGRAM - FAMILY PRESERVATION PROGRAM EXPANSION | $40,000 |