2023-11-13T14:36:20-06:00 2023-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2022-07-01 386100380 GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION GRAN 6162343932 143 BOSTWICK NE GRAND RAPIDS MI 49503 LISA A FREIBURGER ASSISTANT TREASURER 6162343932 2023-11-10 1 LISA FREIBURGER 999009999 1 DORI J EGGETT P00645252 3032244621 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIN VAN EGMOND 143 BOSTWICK NE GRAND RAPIDS MI 49503 12138392 0 X WWW.GRCC.EDU X 1964 MI 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. THERE WAS ONE SIGNIFICANT ACTIVITY FROM THE PAST YEAR, AWARDING SCHOLARSHIPS TO GRCC STUDENTS 25 21 0 31 0 0 8139218 2484101 0 0 1690760 943087 0 111412 9829978 3538600 9322462 1893058 0 0 6500 0 0 0 449129 713661 783794 10042623 2676852 -212645 861748 37079013 40715328 2915800 2282558 34163213 38432770 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 102924 102924 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. 1790134 1790134 0 THE FOUNDATION PROVIDED $1,790,134 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. 1893058 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 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 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 LISA FREIBURGER ASSISTANT TREASURER/VP FINANCE 1.00 40.00 X X 0 184208 71013 BILL PINK PHD DIRECTOR - PART YEAR 1.00 40.00 X 0 150837 17603 JUAN OLIVAREZ DIRECTOR - PART YEAR 1.00 40.00 X 0 160621 0 VIKKI COOPER DIRECTOR/PROFESSOR 1.00 40.00 X 0 103085 52598 JAMES BUZZITTA MD CHAIRPERSON 1.00 0.00 X X 0 0 0 KRISTINE BABCOCK VICE-CHAIR/VP ADVAN. - PART YEAR 1.00 0.00 X X 0 0 0 DOUGLAS KLEIN TREASURER 1.00 0.00 X X 0 0 0 NANCY AYRES SECRETARY 1.00 0.00 X X 0 0 0 CHARLES LEPPER DIRECTOR/COLLEGE PRES - BEGIN 1/2023 1.00 40.00 X 0 0 0 STEVEN ABID DIRECTOR 1.00 0.00 X 0 0 0 BETH BANTA DIRECTOR 1.00 0.00 X 0 0 0 DAVID BOTTRALL DIRECTOR 1.00 0.00 X 0 0 0 KENYATTA BRAME DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL DESPRES DIRECTOR 1.00 0.00 X 0 0 0 JULIE LEPZINSKI DIRECTOR 1.00 0.00 X 0 0 0 MARCUS JACKSON DIRECTOR 1.00 0.00 X 0 0 0 ELLEN JAMES DIRECTOR 1.00 0.00 X 0 0 0 DAVID KOETJE DIRECTOR 1.00 0.00 X 0 0 0 JENN MARTIN DIRECTOR 1.00 0.00 X 0 0 0 ARIAN NELSON DIRECTOR 1.00 0.00 X 0 0 0 SAMUEL OJO DIRECTOR 1.00 0.00 X 0 0 0 EDDIE RUCKER DIRECTOR 1.00 0.00 X 0 0 0 SHERYL SIEGEL DIRECTOR 1.00 0.00 X 0 0 0 AARON TURNER DIRECTOR 1.00 0.00 X 0 0 0 MARK WALTERS DIRECTOR 1.00 0.00 X 0 0 0 KATHRYN MULLINS EDD EXECUTIVE DIRECTOR - PART YEAR 32.00 8.00 X 0 35682 11366 ERIN VAN EGMOND EXECUTIVE DIRECTOR - BEGIN 3/2023 40.00 0.00 X 0 0 0 0 634433 152580 0 0 1 0 FIFTH THIRD BANK 38 FOUNTAIN SQUARE PLAZA CINCINNATI OH 45263 INVESTMENT MANAGEMENT 229459 1 3375 91239 2389487 115850 2484101 609234 609234 8920457 8586604 333853 333853 333853 124600 3375 13188 111412 111412 3538600 0 0 1054499 X 1858757 1858757 34301 34301 12650 12650 216831 216831 521554 79903 441651 25281 25281 7478 7478 2676852 1893058 334665 449129 640215 1554277 2569901 3019274 2155537 595566 31633275 35455863 80085 90348 37079013 40715328 291561 286703 1012088 550409 1612151 1445446 2915800 2282558 X 8494809 9272181 25668404 29160589 34163213 38432770 37079013 40715328 X 861748 3260339 147470 X X 0 1 X 1 0 X 10008972 11612491 6121584 8139218 2484101 38366366 168934 156596 297230 309276 333864 1265900 10177906 11769087 6418814 8448494 2817965 39632266 19477244 20155022 573008 639193 199931 981760 657718 3051610 134681 124600 259281 42943157 0.46930 0.43470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2020 AMOUNT: $ 134,681. 2022 AMOUNT: $ 124,600. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14938751 243426 1641567 835607 -46174 16034311 19018170 246713 -3677598 939044 -290510 14938751 15409425 1034547 3588283 1021805 -7720 19018170 15534806 308094 336532 842434 -72427 15409425 13652841 1180030 995253 789476 -496158 15534806 0.00000 0.68230 0.31770 0 0 0 FUNDS HELD ON BEHALF OF OTHERS 1445446 1445446 7063442 3260339 333864 147470 3741673 3321769 216831 216831 3538600 2793885 333864 333864 2460021 216831 216831 2676852 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 147,470. SCHOLARFEST 127975 3375 124600 1968 5173 700 5347 127975 3375 124600 1968 5173 700 5347 13188 111412 1 GRAND RAPIDS COMMUNITY COLLEGE 143 BOSTWICK AVE NE GRAND RAPIDS MI 49503 382980195 115 1739007 119750 FAIR MARKET VALUE EQUIPMENT AND LAB SUPPLIES PROGRAM SUPPORT 1 0 EMERGENCY GRANTS TO STUDENTS 153 34301 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. 1 0 0 0 0 0 0 0 0 0 LISA FREIBURGER ASSISTANT TREASURER/VP FINANCE 0 169426 0 0 0 14782 0 51092 0 19921 0 255221 0 0 BILL PINK PHD DIRECTOR - PART YEAR 0 124541 0 0 0 26296 0 17603 0 0 0 168440 0 0 JUAN OLIVAREZ DIRECTOR - PART YEAR 0 149682 0 0 0 10939 0 0 0 0 0 160621 0 0 VIKKI COOPER DIRECTOR/PROFESSOR 0 101280 0 0 0 1805 0 32677 0 19921 0 155683 0 0 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 97 115850 DONOR VALUATION 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 SEVEN 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) 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 2023 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 79,903. FUNDRAISING EXPENSES 441,651. TOTAL EXPENSES 521,554. FORM 990, PART XI, LINE 9: PROMISE ZONE ADJUSTMENT 147,470. 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