funder logo

THE MERCANTILE BANK FOUNDATION

THE MERCANTILE BANK FOUNDATION

GRAND RAPIDS, MI, US
501(c)(3)
EIN
87-4152774
Private Foundation
Regional Funder
funder logo

THE MERCANTILE BANK FOUNDATION

GRAND RAPIDS, MI, US
501(c)(3)
EIN
87-4152774
Private Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$1,884,876

Contributions
91%
Investments
9%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$175,924

Grants
81%
Fees to Service Providers
17%
Other
3%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$666,042
$1,707,751
+156%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$121,297
$172,315
+42%
Other
$18,410
$4,810
-74%
Total Revenues
$805,749
$1,884,876
+134%
Expenses
2023
2024
Change
Grants
$517,820
$141,850
-73%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$32,090
$29,326
-9%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$3,623
$4,748
+31%
Total Expenses
$553,533
$175,924
-68%
Net income
2023
2024
Change
Net income
+$252,216
+$1,708,952
+578%
Income Statement
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