Grand Rapids Area Community Foundation (EIN 41-1761590)

Grand Rapids Area Community Foundation

Grand Rapids, MN, US

•

501(c)(3)

•

EIN

41-1761590

•

www.gracf.org

•

DAF Sponsor

Community Foundation

Regional Funder

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

How to Apply

People

Board & Team

Financials

Financial Trends

Funding

Funders

Grants Received

Grantmaking

Giving Insights

Grantees

Grants Given

Overlap

Hide details

Income Statement

Fiscal Year Start:

Jan 1

Revenues in 2024

$5,900,060

Contributions

51%

Other

33%

Investments

16%

Government Grants

Fundraising Events

Program Services

Membership Dues

Expenses in 2024

$2,504,505

Grants

66%

Other

17%

Salaries & Benefits

Offices, Occupancy & IT

Fees to Service Providers

Advertising & Promotion

<1%

Depreciation

<1%

Benefits to Members

Interest

Revenues

2023

2024

Change

Contributions

$1,847,768

$3,012,181

+63%

Government Grants

Fundraising Events

Program Services

Membership Dues

Investments

$732,592

$969,804

+32%

Other

$513,387

$1,918,075

+274%

Total Revenues

$3,093,747

$5,900,060

+91%

Expenses

2023

2024

Change

Grants

$1,122,826

$1,653,430

+47%

Benefits to Members

Salaries & Benefits

$224,574

$232,449

+4%

Fees to Service Providers

$80,311

$77,256

-4%

Advertising & Promotion

$4,967

$14,391

+190%

Offices, Occupancy & IT

$89,228

$92,955

+4%

Interest

Depreciation

$1,820

$209

-89%

Other

$157,510

$433,815

+175%

Total Expenses

$1,681,236

$2,504,505

+49%

Net income

2023

2024

Change

Net income

+$1,412,511

+$3,395,555

+140%

Functional Expenses

Summary

2023

2024

Change

Program

$1,388,065

$2,203,855

+59%

Admin

$238,180

$230,666

-3%

Fundraising

$54,991

$69,984

+27%

Total Expenses

$1,681,236

$2,504,505

+49%