Greater Grand Rapids Chamber Foundation

Greater Grand Rapids Chamber Foundation

Grand Rapids, MI, US
501(c)3
EIN
23-7221790

Greater Grand Rapids Chamber Foundation

Grand Rapids, MI, US
501(c)3
EIN
23-7221790

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$679,438

Contributions
78%
Government Grants
14%
Investments
4%
Fundraising Events
3%
Other
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$942,307

Other
68%
Salaries & Benefits
23%
Grants
4%
Offices, Occupancy & IT
3%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$532,527
-
Government Grants
$768,511
$98,495
-87%
Fundraising Events
$19,000
$20,751
+9%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$25,918
$25,836
0%
Other
-$3,332
$1,829
-155%
Total Revenues
$810,097
$679,438
-16%
Expenses
2023
2024
Change
Grants
$33,183
$36,293
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$118,212
$216,445
+83%
Fees to Service Providers
$41,966
$14,114
-66%
Advertising & Promotion
$0
$7,257
-
Offices, Occupancy & IT
$0
$26,478
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$323,389
$641,720
+98%
Total Expenses
$516,750
$942,307
+82%
Net income
2023
2024
Change
Net income
+$293,347
-$262,869
-190%
Functional Expenses
Summary
2023
2024
Change
Program
$478,453
$883,239
+85%
Admin
$26,476
$33,916
+28%
Fundraising
$11,821
$25,152
+113%
Total Expenses
$516,750
$942,307
+82%
Income Statement
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