Grand Traverse Regional Community Foundation

Organization Overview

Grand Traverse Regional Community Foundation is located in Traverse City, MI. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Grand Traverse Regional Community Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Traverse Regional Community 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, Grand Traverse Regional Community Foundation generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Grand Traverse Regional Community Foundation has awarded 1,265 individual grants totaling $17,940,564. 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 CHARITABLE ASSISTANCE TO THE FIVE-COUNTY GRAND TRAVERSE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES COMMUNITY SERVICE AND SUPPORT BY PROVIDING GRANTS TO 501(C)(3) NONPROFIT ORGANIZATIONS, MUNICIPALITIES, AND EDUCATIONAL INSTITUTIONS. IN 2021, THE FOUNDATION MADE 840 GRANTS AWARDS TO SUPPORT 350 NONPROFIT PARTNERS AND ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES, NOW AND FOREVER. THE FOUNDATION SERVES ANTRIM, BENZIE, GRAND TRAVERSE, KALKASKA, AND LEELANAU COUNTIES BY MAKING A LOCAL IMPACT IN COMMUNITIES THROUGHOUT THE FIVE-COUNTY REGION.


THROUGHOUT 2021, THE FOUNDATION PROVIDED 212 SCHOLARSHIP AWARDS TO 184 STUDENTS IN ALL FIVE COUNTIES TO HELP THEM PURSUE CONTINUING EDUCATION OPPORTUNITIES IN EITHER A TRADITIONAL COLLEGE ENVIRONMENT OR AT A TECHNICAL OR TRADE SCHOOL. SCHOLARSHIPS HELP PROMOTE THE FOUNDATION'S FOCUS AREAS OF EDUCATION AND YOUTH WHILE IMPROVING THE QUALITY OF LIFE IN OUR REGION AND EASING THE FINANCIAL BURDEN OF SECONDARY EDUCATION FOR AREA RESIDENTS.


IN RECENT YEARS, THE FOUNDATION HAS INCREASILY PLAYED A COLLABORATIVE LEADERSHIP ROLE IN THE REGION. IN 2021, THIS INCLUDED CONVENING CROSS-SECTOR LEADERS TO DEVELOP AND IMPLEMENT A COMMUNITY DEVELOPMENT STRATEGY. THE FOUNDATION ALSO COLLABORATED WITH OTHER PHILANTHROPIC, DONOR, AND NONPROFIT PARNTERS TO LEVERAGE AN URGENT NEEDS FUND IN RESPONSE TO THE CORONAVIRUS PANDEMIC, INCLUDING AWARDING 85 GRANTS TO 62 NONPROFIT PARTNERS. WITH PARTNERS ACROSS THE REGION, THE FOUNDATION IS WORKING TO MOVE THE NEEDLE IN AREAS OF GREATEST NEED BY WORKING TOGETHER.


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Board, Officers & Key Employees

Name (title)Compensation
Dave Mengebier
President And Chief Executive Officer
$136,900
Jerry Ring
Vice Chair
$0
Terry Beamsley
Chair
$0
Larry Nelson
Secretary
$0
Beth Dunckel
Treasurer
$0
Amy Schindler
Director
$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$5,754,828
Noncash contributions included in lines 1a–1f $235,550
Total Revenue from Contributions, Gifts, Grants & Similar$5,754,828
Total Program Service Revenue$0
Investment income $2,837,578
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $842,146
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,434,552

Grants Awarded

Over the last fiscal year, Grand Traverse Regional Community Foundation has awarded $2,894,835 in support to 118 organizations.

Grant RecipientAmount

CENTRAL LAKE PUBLIC SCHOOLS

PURPOSE: BC:EARLY CHILDHOOD EDUCATION

$389,375

GRAND TRAVERSE REGIONAL LAND CONSERVANCY

Org PageRecipient Profile

Traverse City, MI

PURPOSE: E:ENVIRONMENTAL

$115,605

NORTHWEST MICHIGAN COMMUNITY ACTION AGENCY

Org PageRecipient Profile

Traverse City, MI

PURPOSE: BC:EARLY CHILDHOOD EDUCATION

$104,254

PAUL OLIVER MEMORIAL HOSPITAL

Org PageRecipient Profile

Traverse City, MI

PURPOSE: H:HEALTH RELATED

$94,320

COMMUNITIES IN SCHOOLS OF NW MICHIGAN

Org PageRecipient Profile

Mancelona, MI

PURPOSE: BC:EARLY CHILDHOOD EDUCATION

$81,196

CHILD & FAMILY SERVICES OF NORTHWESTERN MICHIGAN

Org PageRecipient Profile

Traverse City, MI

PURPOSE: HS:HUMAN SERVICES

$68,170
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Grand Traverse Regional Community Foundation has recieved totaling $281,106.

Awarding OrganizationAmount
Michigan Health Endowment Fund

Brighton, MI

PURPOSE: BEHAVIORAL HEALTH PLANNING INITIATIVE IN THE NMCHIR

$100,000
Huckle Family Foundation

Wilmington, DE

PURPOSE: THREE YEAR CAMPAIGN

$100,000
Oleson Foundation

Traverse City, MI

PURPOSE: STAFF EXPANSION AND COMMUNITY SUPPORT

$30,000
John L Mulvaney Foundation

Wilmington, DE

PURPOSE: GENERAL PURPOSE

$10,000
Charlevoix County Community Foundation

East Jordan, MI

PURPOSE: Grantmaking

$10,000
Huckle Family Foundation

Wilmington, DE

PURPOSE: GRAND TRAVERSE AREA LOCAL JOURNALISM FUND

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$86,765,954
Earnings$12,848,978
Admin Expense$1,172,631
Net Contributions$4,563,737
Other Expense$9,115
Grants$2,329,855
Ending Balance$100,667,068

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