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GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION

GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION

GRAND RAPIDS, MI, US
501(c)(3)
EIN
38-6100380
Regional Funder
funder logo

GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION

GRAND RAPIDS, MI, US
501(c)(3)
EIN
38-6100380
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$5,698,546

Other
59%
Contributions
29%
Investments
12%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$4,573,575

Grants
83%
Fees to Service Providers
16%
Advertising & Promotion
<1%
Salaries & Benefits
<1%
Other
<1%
Benefits to Members
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,389,487
$1,628,003
-32%
Government Grants
$0
$0
-
Fundraising Events
$3,375
$7,300
+116%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$609,234
$691,613
+14%
Other
$536,504
$3,371,630
+528%
Total Revenues
$3,538,600
$5,698,546
+61%
Expenses
2023
2024
Change
Grants
$1,893,058
$3,806,891
+101%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$11,296
-
Fees to Service Providers
$751,035
$729,368
-3%
Advertising & Promotion
$25,281
$18,831
-26%
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$7,478
$7,189
-4%
Total Expenses
$2,676,852
$4,573,575
+71%
Net income
2023
2024
Change
Net income
+$861,748
+$1,124,971
+31%
Functional Expenses
Summary
2023
2024
Change
Program
$1,893,058
$3,806,891
+101%
Admin
$334,665
$368,083
+10%
Fundraising
$449,129
$398,601
-11%
Total Expenses
$2,676,852
$4,573,575
+71%
Income Statement
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