Grand Rapids Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,451,957 | 2,471,521 | −19,564 | 145.8 | 7% |
| 2013 | 6,131,346 | 3,335,801 | 2,795,545 | 121.1 | 4% |
| 2014 | 3,825,015 | 7,725,103 | −3,900,088 | 47.1 | 0% |
| 2015 | 7,754,882 | 5,854,984 | 1,899,898 | 66.2 | 0% |
| 2016 | 3,204,758 | 2,900,860 | 303,898 | 132.1 | 0% |
| 2017 | 4,164,712 | 9,512,315 | −5,347,603 | 33.8 | 0% |
| 2018 | 6,255,356 | 4,044,031 | 2,211,325 | 88.1 | 0% |
| 2019 | 11,198,354 | 4,186,726 | 7,011,628 | 108.0 | 0% |
| 2020 | 12,712,827 | 6,667,191 | 6,045,636 | 78.3 | 0% |
| 2021 | 7,470,670 | 16,458,569 | −8,987,899 | 30.6 | 0% |
| 2022 | 9,829,978 | 10,042,623 | −212,645 | 40.8 | 0% |
| 2023 | 3,538,600 | 2,676,852 | 861,748 | 172.3 | 0% |
| 2024 | 5,698,546 | 4,573,575 | 1,124,971 | 104.0 | 0% |
In its most recent public year (2024), this organization brought in $1,124,971 more than it spent. Its reserves stood at about 104 months of spending, down from 145.8 in 2012. Staff pay was 0% of spending. $29,275,136 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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