Grand Rapids Student Advancement Foundation
- Assets
- $7.2m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Grand Rapids, MI
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 38-3137984
Organization Overview
Grand Rapids Student Advancement Foundation is located in Grand Rapids, MI. The organization was established in 1994. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Grand Rapids Student Advancement Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Rapids Student Advancement 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 Student Advancement Foundation generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 0.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GRAND RAPIDS PUBLIC SCHOOLS FOUNDATION IS AN INDEPENDENT NONPROFIT ORGANIZATION SERVING AS A STRATEGIC FUNDRAISING PARTNER OF THE GRAND RAPIDS PUBLIC SCHOOLS. OUR PURPOSE IS TO RAISE, GROW AND STEWARD FUNDS AND OTHER COMMUNITY RESOURCES TO SUPPORT THE GRAND RAPIDS PUBLIC SCHOOLS FOR THE BENEFIT OF ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRPS FOUNDATION RAISES FUNDS AROUND FIVE MAIN AREAS OF IMPACT TO PROVIDE RESOURCES NEEDED FOR THE SCHOLARS OF GRAND RAPIDS PUBLIC SCHOOLS TO LEARN, DEVELOP AND THRIVE AND TO ALLOW FOR THE DISTRICT TO MEET ITS OWN GOALS OF EDUCATION EXCELLENCE. THESE FUNDS PROVIDE CRITICAL EXPERIENCES THAT LAY PATHWAYS FOR ALL STUDENTS TO SUCCEED IN SCHOOL. ARTS EDUCATION, ENVIRONMENTAL EDUCATION, LITERACY, MATH SCIENCE & TECHNOLOGY AND PHYSICAL WELLNESS ARE THE FIVE AREAS OF IMPACT THAT HAVE BEEN IDENTIFIED AS KEY PATHS TO ENSURE A MORE WELL-ROUNDED FOUNDATION FOR OUR STUDENTS. ADDITIONALLY, MANY EXPERIENCES AND EDUCATIONAL PATHWAYS DO NOT NECESSARILY FALL INTO ONE OF THESE AREAS, AND ADDITIONAL FUNDS ARE RAISED TO ADDRESS THE EVER CHANGING AND VITAL NEEDS OF THE DISTRICT.
GREAT SPORTS FOR PHYSICAL WELLNESS IS ONE OF THE FIVE MAIN IMPACT AREAS THAT THE FOUNDATION SUPPORTS FOR THE SCHOLARS OF GRPS. THIS PROGRAM FUNDS AFTER SCHOOL SPORTS TO ALLOW ALL STUDENTS FROM KINDERGARTEN TO 8TH GRADE TO PLAY AT NO COST TO THE SCHOLARS. THE GOAL IS TO DEVELOP EXCEPTIONAL, WELL- ROUNDED STUDENT-ATHLETES BY FOSTERING AN ATHLETICS PROGRAM THAT SUPPORTS: ACADEMIC ACHIEVEMENT, OVERALL IMPROVED SCHOOL PERFORMANCE, ATHLETIC SKILL DEVELOPMENT, STRENGTHENED POSITIVE COACH RELATIONSHIPS AND COMMUNITY SERVICE.
PROGRAM SERVICE: SUPPORTING A ROBUST VISUAL AND MUSICAL ARTS CURRICULUM FOR ALL STUDENTS IN GRPS THROUGH A CONTINUUM OF PROGRAMMING, INCLUDING: ELEMENTARY STRINGS, DISTRICT-WIDE CHORAL AND MUSIC FESTIVALS, CLAY, POTTERY AND OTHER THREE DIMENSIONAL ART INSTRUCTIONS AND EXPOSURE THROUGH ENRICHMENT TRIPS TO LOCAL, ANCHOR ARTS ORGANIZATION LIKE THE GRAND RAPIDS ART MUSEUM, THE GRAND RAPIDS CIVIC THEATRE AND THE FREDERIK MEIJER GARDENS AND SCULPTURE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Andreatta 621 Executive Di | Officer | 40 | $61,921 |
Stephanie Andrews 1221 President/ce | Officer | 40 | $5,604 |
Gretchen Mousel Treasurer | OfficerTrustee | 2 | $0 |
Brendan Geary Vice Preside | OfficerTrustee | 2 | $0 |
Madelaine Lane President | OfficerTrustee | 3 | $0 |
Amy Turner-Thole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $256,052 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,532,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,788,908 |
| Total Program Service Revenue | $76,378 |
| Investment income | $49,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$512 |
| Net Income from Fundraising Events | -$16,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,898,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,907,714 |
| 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. | $63,104 |
| Compensation of current officers, directors, key employees. | $63,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,839 |
| Fees for services: Other | $25,701 |
| Advertising and promotion | $35,333 |
| Office expenses | $9,901 |
| Information technology | $33,152 |
| Royalties | $0 |
| Occupancy | $10,837 |
| 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 | $368 |
| Insurance | $4,057 |
| All other expenses | $1,467 |
| Total functional expenses | $2,302,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,316,537 |
| Savings and temporary cash investments | $265,085 |
| Pledges and grants receivable | $2,245,177 |
| Accounts receivable, net | $151,380 |
| 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 | $30,245 |
| Net Land, buildings, and equipment | $4,063 |
| Investments—publicly traded securities | $1,173,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,185,647 |
| Accounts payable and accrued expenses | $1,237,539 |
| 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 | $1,237,539 |
| Net assets without donor restrictions | $836,936 |
| Net assets with donor restrictions | $5,111,172 |
| 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 | $7,185,647 |
Grants Awarded
Over the last fiscal year, Grand Rapids Student Advancement Foundation has awarded $4,663,827 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND RAPIDS PUBLIC SCHOOLS PURPOSE: ADVANCE CHARITABLES | $3,697,161 |
GRAND RAPIDS PUBLIC SCHOOLS PURPOSE: ADVANCE CHARITABLES | $692,688 |
GRAND RAPIDS PUBLIC SCHOOLS PURPOSE: ADVANCE CHARITABLES | $262,241 |
GRAND RAPIDS PUBLIC SCHOOLS PURPOSE: ADVANCE CHARITABLES | $11,737 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Grand Rapids Student Advancement Foundation has recieved totaling $2,633,185.
| Awarding Organization | Amount |
|---|---|
Xq Institute Oakland, CA PURPOSE: SUPPORT THE HIGH SCHOOL IN THEIR WORK TO RE-IMAGINE AND RE-DESIGN THEIR SCHOOL. | $2,272,935 |
Cdv5 Foundation Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - GR8 SPORTS, GREAT KIDS | $150,000 |
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - GR8 SPORTS, GREAT KIDS | $150,000 |
Peter And Joan Secchia Family Inc Grand Rapids, MI PURPOSE: CONTRIBUTION TO THE JOAN P SECCHIA ENDOWMENT | $50,000 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $5,250 |
Peter And Joan Secchia Family Inc Grand Rapids, MI PURPOSE: EXECUTIVE DIRECTOR SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $696,346 |
| Earnings | -$116,045 |
| Admin Expense | $7,855 |
| Net Contributions | $30,133 |
| Other Expense | $25,882 |
| Ending Balance | $576,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
The New Common School Foundation Detroit, MI | $40,234,956 | $5,515,596 |
Complete College America Inc Indianapolis, IN | $10,589,853 | $9,838,948 |
Communities In Schools Of Ohio Columbus, OH | $1,850,086 | $3,633,271 |
Taylor University Broadcasting Inc Fort Wayne, IN | $4,217,815 | $3,016,713 |
Ohio Campus Compact Granville, OH | $347,453 | $1,037,015 |
Strategic Facility Partners Inc Columbus, OH | $16,015,594 | $2,372,272 |
Grand Rapids Student Advancement Foundation Grand Rapids, MI | $7,185,647 | $4,898,326 |