2024-11-15T14:26:42-06:00 2024-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2023-07-01 386100380 GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION GRAN 6162343932 143 BOSTWICK NE GRAND RAPIDS MI 49503 LISA A FREIBURGER ASSISTANT TREASURER 6162343932 2024-10-31 1 1 AMANDA M COON P01754645 2695674500 2024-10-31 2023 2024-10-15 13:58:12Z ERIN VAN EGMOND 143 BOSTWICK NE GRAND RAPIDS MI 49503 15276181 0 X WWW.GRCC.EDU X 1964 MI TO SECURE AND MANAGE FINANCIAL GIFTS IN SUPPORT OF STUDENT, EMPLOYEE, AND COMMUNITY LEARNING. 24 21 0 31 0 0 2484101 1700579 0 0 943087 3801437 111412 196530 3538600 5698546 1893058 3806891 0 0 0 11296 0 0 398601 783794 755388 2676852 4573575 861748 1124971 40715328 41903794 2282558 2250624 38432770 39653170 IT IS THE MISSION OF THE GRCC FOUNDATION TO SECURE AND MANAGE FINANCIAL GIFTS TO SUPPORT AND PROMOTE STUDENT, EMPLOYEE AND COMMUNITY LEARNING, ENABLING THE COLLEGE TO FULFILL ITS MISSION AND VISION. 0 0 1734636 1734636 0 TRANSFERS TO GRAND RAPIDS COMMUNITY COLLEGE FOR SUPPORT OF OTHER PROGRAMS SUCH AS CHILD CARE PROGRAMS, CAPITAL IMPROVEMENTS AT THE COLLEGE, AND VARIOUS OTHER PROGRAMS DETERMINED BY THE FOUNDATION. 2072255 2072255 0 THE FOUNDATION PROVIDED $2,072,255 IN SCHOLARSHIPS AND GRANTS TO STUDENTS AND FACULTY OF GRAND RAPIDS COMMUNITY COLLEGE. IN ADDITION, FACULTY GRANTS PROVIDED THE OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT AND INSTRUCTIONAL IMPROVEMENT. 3806891 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 30 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X X ERIN VAN EGMOND 6162343932 143 BOSTWICK NE GRAND RAPIDS MI 49503 AARON TURNER DIRECTOR 1.00 0.00 X 0 0 0 ALAN DOERING DIRECTOR 1.00 0.00 X 0 0 0 ARIAN NELSON DIRECTOR 1.00 0.00 X 0 0 0 BETH BANTA DIRECTOR 1.00 0.00 X 0 0 0 BRANDY LOVELADY MITCHELL DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 CHARLES LEPPER DIRECTOR/COLLEGE PRES 1.00 40.00 X 0 298729 44217 DAVID BOTTRALL DIRECTOR 1.00 0.00 X 0 0 0 DAVID KOETJE DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 EDDIE RUCKER DIRECTOR 1.00 0.00 X 0 0 0 ELLEN JAMES DIRECTOR 1.00 0.00 X 0 0 0 JAMES BUZZITTA DIRECTOR 1.00 0.00 X 0 0 0 JEFF PAUZA TREASURER 1.00 0.00 X X 0 0 0 JENN MARTIN DIRECTOR 1.00 0.00 X 0 0 0 JULIE LEPZINSKI SECRETARY 1.00 0.00 X X 0 0 0 KAYLEE MORENO BURKE DIRECTOR 1.00 0.00 X 0 0 0 KENYATTA BRAME DIRECTOR 1.00 0.00 X 0 0 0 KRISTINE BABCOCK CHAIRPERSON 1.00 0.00 X X 0 0 0 LISA FREIBURGER ASSISTANT TREASURER/VP FINANCE 1.00 40.00 X X 0 189196 70115 MARCUS JACKSON DIRECTOR 1.00 0.00 X 0 0 0 MARK WALTERS DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL DESPRES DIRECTOR 1.00 0.00 X 0 0 0 NANCY AYRES VICE-CHAIRPERSON 1.00 0.00 X X 0 0 0 SAMUEL OJO DIRECTOR 1.00 0.00 X 0 0 0 SHERYL SIEGEL DIRECTOR 1.00 0.00 X 0 0 0 STEVEN ABID DIRECTOR 1.00 0.00 X 0 0 0 VIKKI COOPER DIRECTOR/PROFESSOR 1.00 40.00 X 0 97403 52225 KATE VEENSTRA DIRECTOR 1.00 0.00 X 0 0 0 ERIN VAN EGMOND EXECUTIVE DIRECTOR 32.00 8.00 X 0 89764 44594 0 675092 211151 0 0 1 0 FIFTH THIRD BANK 38 FOUNTAIN SQUARE PLAZA CINCINNATI OH 45263 INVESTMENT MANAGEMENT 248230 1 7300 65276 1628003 85971 1700579 691613 691613 12549013 9439189 3109824 3109824 3109824 334976 7300 138446 196530 196530 5698546 0 0 3997967 X 3759680 3759680 47211 47211 11296 11296 12025 12025 248230 248230 469113 88997 380116 18831 18831 7189 7189 4573575 3806891 368083 398601 1554277 775614 3019274 1451994 595566 266669 35455863 39287201 90348 122316 40715328 41903794 286703 252609 550409 454732 1445446 1543283 2282558 2250624 X 9272181 10378034 29160589 29275136 38432770 39653170 40715328 41903794 X 1124971 -112485 207914 X X 0 1 X 1 0 X 11612491 6121584 8139218 2484101 1700579 30057973 156596 297230 309276 333864 355078 1452044 11769087 6418814 8448494 2817965 2055657 31510017 15098626 16411391 639193 199931 981760 657718 723836 3202438 134681 124600 196530 455811 35168266 0.46670 0.46930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2020 AMOUNT: $ 134,681. 2022 AMOUNT: $ 124,600. 2023 AMOUNT: $ 196,530. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16034311 285527 1565330 892763 3605 16988800 14938751 243426 1641567 835607 -46174 16034311 19018170 246713 -3677598 939044 -290510 14938751 15409425 1034547 3588283 1021805 -7720 19018170 15534806 308094 336532 842434 -72427 15409425 0.00000 0.66040 0.33960 0 0 0 FUNDS HELD ON BEHALF OF OTHERS 1543283 1543283 5900823 -112485 355078 207914 450507 5450316 248230 248230 5698546 4680423 355078 355078 4325345 248230 248230 4573575 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR PURPOSES CONSISTENT WITH PROVIDING SCHOLARSHIPS, GRANTS FOR PROFESSIONAL DEVELOPMENT, AND TO ADDRESS OTHER COLLEGE NEEDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PROMISE ZONE FLOWTHROUGH 207,914. SCHOLARFEST 140976 7300 133676 2125 7125 5821 GIANT AWARDS 201300 201300 887 38463 54809 3350 25866 342276 7300 334976 3012 38463 61934 3350 31687 138446 196530 1 GRAND RAPIDS COMMUNITY COLLEGE 143 BOSTWICK AVE NE GRAND RAPIDS MI 49503 382980195 115 3734091 25589 FAIR MARKET VALUE EQUIPMENT AND LAB SUPPLIES PROGRAM SUPPORT 1 0 EMERGENCY GRANTS TO STUDENTS 138 47211 PART I, LINE 2: FOR SCHOLARSHIPS AND/OR STUDENT ASSISTANCE, THE AMOUNTS ARE MANAGED THROUGH THE FINANCIAL AID PROCESS AND DOCUMENTED WITH RECORDS IN THE FINANCIAL AND/OR FOUNDATION OFFICERS. GRANTS TO GRCC EMPLOYEES FOR PROFESSIONAL DEVELOPMENT AND OTHER PROGRAMS ARE MANAGED AND DOCUMENTED BY THE FOUNDATION USING COLLEGE/FOUNDATION PROCEDURES. X 0 1 0 0 0 0 0 0 0 0 0 CHARLES LEPPER DIRECTOR/COLLEGE PRES 0 201075 0 0 0 97654 0 30032 0 14185 0 342946 0 0 LISA FREIBURGER ASSISTANT TREASURER/VP FINANCE 0 176474 0 0 0 12722 0 53977 0 16138 0 259311 0 0 PART I, LINE 1A COUNTRY CLUB DUES ARE TREATED AS TAXABLE INCOME TO THE PRESIDENT, WHO UTILIZES THE MEMBERSHIP FOR BUSINESS PURPOSES. PART I, LINE 3 THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED BY GRAND RAPIDS COMMUNITY COLLEGE POLICY AND PROCEDURES, APPROVED BY THE COLLEGE PRESIDENT, THE COLLEGE BOARD OF TRUSTEES, AND THE GRCC FOUNDATION BOARD OF DIRECTORS. COMPENSATION FOR COMPARABLE POSITIONS AT OTHER SIMILAR EDUCATIONAL INSTITUTIONS IS CONSIDERED IN SETTING COMPENSATION LEVELS. X 1 70196 FMV X FOOD PANTRY GIFT CARDS 1 10000 FMV X JEWELRY MAKING STUDIO EQUIPMENT 1 5775 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED FORM 990, PART VI, SECTION A, LINE 6 THE GRCC FOUNDATION HAS NINE MEMBERS (FOUNDATION BOARD CHAIRPERSON, FOUNDATION BOARD VICE CHAIRPERSON, FOUNDATION BOARD TREASURER, FOUNDATION BOARD SECRETARY, GRCC BOARD OF TRUSTEES CHAIRPERSON, GRCC BOARD OF TRUSTEES TREASURER, GRCC PRESIDENT, GRCC EXECUTIVE DIRECTOR, GRCC VICE PRESIDENT OF FINANCE) THE MEMBERS APPROVE/ELECT THE BOARD OF DIRECTORS OF THE GRCC FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF GRCC FOUNDATION HAVE THE POWER TO APPOINT MEMBERS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE GRCC FOUNDATION BOARD OF DIRECTORS PROPOSES CANDIDATES TO SERVE ON THE BOARD. THESE NOMINATIONS MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED INDIVIDUALLY BY THE DIRECTORS PRIOR TO FILING. ANY ISSUES OR CONCERNS WOULD BE ADDRESSED AT A SUBSEQUENT MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS AND KEY EMPLOYEES. EACH PERSON REVIEWS AND SIGNS THE POLICY STATEMENT ANNUALLY BEFORE ANY FORMAL ACTIONS WITH POTENTIAL CONFLICTS ARE CONSIDERED BY THE BOARD, THE CHAIRPERSON WOULD INQUIRE AS TO THE EXISTENCE OR POSSIBLE EXISTENCE OF ANY CONFLICTS. ANY ACTUAL CONFLICTS THAT ARISE WOULD BE ADDRESSED BY THE BOARD PRIOR TO A DECISION/VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE PERFORMANCE OF THE EXECUTIVE DIRECTOR IS REVIEWED BY THE COLLEGE PRESIDENT. THE LAST REVIEW WAS COMPLETED IN JUNE 2024 IN COMPLIANCE WITH COLLEGE POLICIES. THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED BY COLLEGE POLICY AND PROCEDURES, APPROVED BY THE COLLEGE PRESIDENT, THE COLLEGE BOARD OF TRUSTEES, AND THE GRCC FOUNDATION BOARD OF DIRECTORS. COMPENSATION FOR COMPARABLE POSITIONS AT OTHER SIMILAR EDUCATIONAL INSTITUTIONS IS CONSIDERED IN SETTING COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 GRCC FOUNDATION BOARD OF DIRECTORS MEETING MINUTES, FOUNDATION POLICIES, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 88,997. FUNDRAISING EXPENSES 380,116. TOTAL EXPENSES 469,113. FORM 990, PART XI, LINE 9: PROMISE ZONE ADJUSTMENT 207,914. PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED THEIR OVERSIGHT PROCESS WITHIN THE PAST YEAR. GRAND RAPIDS COMMUNITY COLLEGE 143 BOSTWICK AVE NE GRAND RAPIDS MI 49503 382980195 HIGHER EDUCATION MI 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 GRAND RAPIDS COMMUNITY COLLEGE B 3759680 FMV GRAND RAPIDS COMMUNITY COLLEGE N 333864 FMV GRAND RAPIDS COMMUNITY COLLEGE P 691257 FMV