Logo for "Grand Rapids Area Community Foundation"

Grand Rapids Area Community Foundation

Grand Rapids Area Community Foundation

Grand Rapids, MN, US
•
501(c)(3)
•
EIN
41-1761590
•
www.gracf.org
•
DAF Sponsor
Community Foundation
Regional Funder
Logo for "Grand Rapids Area Community Foundation"

Grand Rapids Area Community Foundation

Grand Rapids, MN, US
•
501(c)(3)
•
EIN
41-1761590
•
www.gracf.org
•
DAF Sponsor
Community Foundation
Regional Funder
Overview
Programs
990s
Income Statement
Balance Sheet
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Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$34,030,673

Investments
94%
Cash & Equivalents
6%
Other Assets
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)

$3,144,634

Other Liabilities
97%
Grants Payable
2%
Payables & Accruals
1%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,981,633
$1,972,557
0%
Receivables (Non-Related)
$2,000
$17,682
+784%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$27,362
$26,948
-2%
Investments
$29,027,550
$31,986,363
+10%
Property, Plant, & Equipment (net)
$4,615
$156
-97%
Other Assets
$53,575
$26,967
-50%
Total Assets
$31,096,735
$34,030,673
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$17,893
$31,693
+77%
Grants Payable
$65,750
$67,750
+3%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,108,563
$3,045,191
-2%
Total Liabilities
$3,192,206
$3,144,634
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$27,207,416
$30,148,118
+11%
Unrestricted Net Assets
$697,113
$737,921
+6%
Net assets
2023
2024
Change
Net assets
+$27,904,529
+$30,886,039
+11%
Balance Sheet
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