2024-11-14T13:03:17-06:00 2024-06-30 382184825 HUNGERFORD CPAS ADVISORS 675 E 16TH STREET 100 HOLLAND MI 49423 990 2023-07-01 383137984 GRAND RAPIDS PUBLIC SCHOOLS FOUNDATION GRAN 6168196895 PO BOX 2225 GRAND RAPIDS MI 49501 STEPHANIE ANDREWS PRESIDENT/CEO 6168196895 2024-11-14 1 0 JILL R SCHUTTE CPA P01773354 6163928534 2024-11-13 2023 2024-10-15 13:58:12Z STEPHANIE ANDREWS PO BOX 2225 GRAND RAPIDS MI 49501 751072 0 X WWW.GRPSF.ORG X 1993 MI CULTIVATING COMMUNITY RESOURCES TO ENRICH EDUCATIONAL EXPERIENCES AND REMOVE BARRIERS SO EVERY STUDENT LEARNS, DEVELOPS, AND THRIVES. 19 19 4 296 0 0 810050 647099 42092 6623 48552 57250 -6853 -19240 893841 691732 1650312 971040 0 0 319521 325094 0 0 169314 290368 162168 2260201 1458302 -1366360 -766570 5111558 4002298 475269 59385 4636289 3942913 X CULTIVATING COMMUNITY RESOURCES TO ENRICH EDUCATIONAL EXPERIENCES AND REMOVE BARRIERS SO EVERY STUDENT LEARNS, DEVELOPS, AND THRIVES.THE GRPS FOUNDATION'S MISSION IS TO REMOVE BARRIERS AND SECURE ESSENTIAL FUNDING FOR CRITICAL PROGRAMS, PROJECTS, AND RESOURCES, ENSURING THAT EVERY STUDENT IN THE GRAND RAPIDS PUBLIC SCHOOLS (GRPS) SYSTEM LEARNS, DEVELOPS, AND THRIVES.AS THE PRIMARY FOUNDATION FOR WEST MICHIGAN'S LARGEST PUBLIC SCHOOL DISTRICT, GRPS FOUNDATION SUPPORTS NEARLY 14,000 STUDENTS, INSPIRING FUTURE SUCCESS THROUGH A WELL-ROUNDED APPROACH TO EDUCATION. EACH YEAR, WE FUND VITAL PROGRAMS IN SPORTS, ARTS, MUSIC, AND EXPERIENTIAL LEARNING, OFFERING HANDS-ON, REAL-WORLD EXPERIENCES THAT COMPLEMENT CLASSROOM INSTRUCTION.OUR SUPPORT EXTENDS TO PROVIDING STUDENTS WITH ESSENTIAL RESOURCES, INCLUDING WARM CLOTHING, SCHOOL SUPPLIES, AND VOLUNTEER-LED INITIATIVES LIKE PLAYGROUND CLEAN-UPS. ADDITIONALLY, WE ADMINISTER MINI-GRANTS FOR TEACHERS AND PRINCIPALS, EMPOWERING EDUCATORS 0 0 602419 453697 6623 GRPS STUDENTS AND EDUCATORS ARE AT THE HEART OF OUR MISSION. THE GRPS FOUNDATION IS DEDICATED TO MEETING THE EVOLVING NEEDS OF SCHOLARS AND ENSURING EQUITABLE ACCESS TO RESOURCES THAT FOSTER SUCCESS INSIDE AND OUTSIDE THE CLASSROOM. WE FUND ESSENTIAL PROGRAMS IN SPORTS, ARTS, MUSIC, AND EXPERIENTIAL LEARNING, AS WELL AS CRITICAL RESOURCES FOR STUDENTS AND TEACHERS. EACH YEAR, WE REVIEW OUR GOALS AND MAKE SURE OUR FUNDRAISING IS ALIGNED WITH EMERGING EDUCATIONAL NEEDS.SEE COMPLETE DETAILS IN SCHEDULE OTHE FOUNDATION PROVIDED FUNDING TO SUPPORT OVER 3,700 ELEMENTARY AND MIDDLE SCHOOL STUDENTS IN FREE SPORTS PROGRAMMING, COVERING ESSENTIAL COSTS SUCH AS UNIFORMS, COACHES, TRANSPORTATION, AND EVENT FEES.IN 2024, WE LAUNCHED A TEACHER MINI-GRANT PILOT, AWARDING $500 EACH TO 35 TEACHERS FOR CLASSROOM ENHANCEMENTS THAT FOSTER HANDS-ON LEARNING. THESE GRANTS FUNDED UNIQUE EDUCATIONAL TOOLS LIKE HANDHELD MICROSCOPES, SCHOOL GARDEN SUPPLIES, BIRDFEEDERS WITH CAMERAS, OWL PELLETS, AND AFTER-SCHOOL CLUBS.WE ALSO ADDRESSED STUDENT ESSENTIALS THROUGH THE TERESA WEATHERALL NEAL PRINCIPAL'S FUND, WHICH PROVIDED 22 SCHOOLS WITH RESOURCES TO SUPPORT SENIOR TRIPS, CAPS AND GOWNS, CAMP EXPERIENCES, AND PROMS.ADDITIONALLY, WE COLLABORATED WITH COMMUNITY PARTNERS TO ORGANIZE RESOURCE DRIVES. OUR FORMAL DRESS SHOP ENABLED STUDENTS TO SELECT ATTIRE FOR HOMECOMING AND PROM, WHILE A WARMTH DRIVE PROVIDED OVER 500 ITEMS OF ASSORTED HATS, MITTENS, COATS, BOOTS, AND SCARVES TO ENSURE STUDENTS COULD COMFORTABLY PLAY AND EXPLORE OUTSIDE. 405038 405038 ELEMENTARY AND MIDDLE SCHOOL SPORTS FOR PHYSICAL WELLNESS AND SOCIAL-EMOTIONAL HEALTH REMAIN A VITAL FOCUS OF THE FOUNDATION'S SUPPORT FOR GRPS SCHOLARS. THIS PROGRAM PROVIDES FUNDING FOR AFTER-SCHOOL SPORTS, ENSURING THAT ALL STUDENTS FROM KINDERGARTEN TO 8TH GRADE CAN PARTICIPATE AT NO COST. BY PROMOTING A HEALTHY, ACTIVE LIFESTYLE, WE HELP STUDENTS DEVELOP A LIFELONG PASSION FOR PHYSICAL ACTIVITY AND TEAMWORK.OUR GOAL IS TO NURTURE WELL-ROUNDED STUDENT-ATHLETES BY FOSTERING AN ATHLETICS PROGRAM THAT NOT ONLY BUILDS ATHLETIC SKILLS BUT ALSO SUPPORTS ACADEMIC SUCCESS AND SOCIAL-EMOTIONAL GROWTH. PARTICIPATION IN SPORTS HAS BEEN SHOWN TO IMPROVE SCHOOL PERFORMANCE, REDUCE STRESS, AND BUILD SELF-ESTEEM. THESE ACTIVITIES STRENGTHEN STUDENTS' RELATIONSHIPS WITH POSITIVE ADULT MENTORS, CULTIVATE RESILIENCE, AND INSTILL THE VALUES OF TEAMWORK AND PERSEVERANCE. THROUGH THIS PROGRAM, THE FOUNDATION HELPS STUDENTS THRIVE BOTH ON AND OFF THE FIELD, LAYING A FOUNDATION FOR HOLISTIC DEVELOPMENT AND LIFELONG WELLNESS. 112305 112305 THESE FUNDS ARE A LONG-TERM PLEDGE PAYMENT THAT SUPPORTS THE EXPANSION OF THE MUSEUM SCHOOL WITH SUPPORT FROM THAT XQ SUPER SCHOOL PROJECT.SCHEDULE O 1119762 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X X STEPHANIE ANDREWS 6168196895 PO BOX 2225 GRAND RAPIDS MI 49501 STEPHANIE ANDREWS PRESIDENT/CEO 40.00 X 121800 0 8640 BRENDAN GEARY PRESIDENT 2.00 X X 0 0 0 MISTI STANTON VICE PRESIDENT 1.00 X X 0 0 0 AMY TURNER-THOLE SECRETARY 1.00 X X 0 0 0 GRETCHEN MOUSEL TREASURER 2.00 X X 0 0 0 ANNE MARIE CARSON DIRECTOR 1.00 X 0 0 0 CHARISSA HUANG DIRECTOR 1.00 X 0 0 0 GREG RIOS DIRECTOR 1.00 X 0 0 0 JOE DIBENEDETTO DIRECTOR 1.00 X 0 0 0 MAX GIBBS DIRECTOR 1.00 X 0 0 0 MIKE HUFF DIRECTOR 1.00 X 0 0 0 MONICA STEIMLE-APP DIRECTOR 1.00 X 0 0 0 PAUL LEE DIRECTOR 1.00 X 0 0 0 PETER KNOESTER DIRECTOR 1.00 X 0 0 0 RUTH POSTHUMUS DIRECTOR 1.00 X 0 0 0 SOMMAR BOESE DIRECTOR 1.00 X 0 0 0 TIM DUFLO DIRECTOR 1.00 X 0 0 0 TONY BAKER DIRECTOR 1.00 X 0 0 0 ALEXIS REAME DIRECTOR 1.00 X 0 0 0 EMILY CANTOR DIRECTOR 1.00 X 0 0 0 JAVIER CERVANTES DIRECTOR 1.00 X 0 0 0 121800 0 8640 1 0 0 0 0 306437 340662 647099 MANAGEMENT FEES 523940 6623 6623 6623 57250 57250 40100 306437 59340 -19240 -19240 691732 6623 0 38010 971040 971040 130390 48896 16299 65195 163058 62543 42678 57837 5865 2246 1474 2145 4849 1867 1380 1602 20932 7952 4255 8725 22988 22988 9859 9859 5196 5196 34680 31980 2700 15062 6898 1883 6281 12868 5894 1608 5366 19990 9162 2499 8329 3344 3344 2226 2226 2460 1128 307 1025 DUES AND SUBSCRIPTIONS 16032 7032 9000 SUPPLIES 6537 1800 4729 8 MISCELLANEOUS 6056 310 5701 45 BANK AND CREDIT CARD FE 4357 26 3768 563 513 20 493 1458302 1119762 169226 169314 1539284 673029 267310 273273 1769601 1390448 193562 193562 9500 5304 8765 3163 7287 5602 1274279 1436890 7945 7404 42790 16786 5111558 4002298 432347 42414 42922 16971 475269 59385 X 924138 1016529 3712151 2926384 4636289 3942913 5111558 4002298 -766570 73194 0 X 0 1 X 1 0 X 3426455 3779955 4788908 810050 647099 13452467 3426455 3779955 4788908 810050 647099 13452467 2396005 11056462 46107 30241 49636 48552 57250 231786 13684253 166716 0.80800 0.80800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 693613 60007 89449 10170 8384 824515 576697 80000 80007 36123 6968 693613 696346 30133 -116045 25882 7855 576697 535582 52146 168273 52633 7022 696346 508691 5000 27813 5922 535582 0.21170 0.78830 1 0 8765 3163 5602 0 5602 LEASE LIABILITY 16971 16971 755067 73194 73194 681873 9859 9859 691732 1448443 0 1448443 9859 9859 1458302 MINDSHARE 229341 211858 17483 1639 17483 9274 TURKEY TROT 96705 94579 2126 2126 2 20491 0 20491 3436 20491 4891 346537 306437 40100 5075 40100 14165 59340 -19240 0 GRAND RAPIDS PUBLIC SCHOOLS 1331 FRANKLIN SE GRAND RAPIDS MI 49501 386002019 971040 0 ADVANCED CHARITABLES PART 1, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS BOARD REVIEWS ALL USE OF FUNDS DISTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B PROVIDED TO THE FINANCE COMMITTEE WHICH VOTES TO APPROVE AND THEN SHARED WITH THE BOARD OF DIRECTORS FOR A FINAL VOTE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE FILLED OUT BY THE BOARD OF DIRECTORS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OFDIRECTORS AND IS REPRESENTATIVE OF A FAIR WAGE IN RELATION TO INDUSTRY NORMS IN THE GREATER GRAND RAPIDS AREA. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL MAKE AVAILABLE, UPON REQUEST, CONFLICT OF INTEREST POLICY, AND OTHER GOVERNING DOCUMENTS AS REQUIRED. THE 990 IS AVAILABLE ON THE GRPS FOUNDATION WEBSITE, GRPSF.ORG AND ALSO AVAILABLE ON GUIDESTAR.ORG FORM 990 PART VIII LINE 12 THE ORGANIZATION RECEIVES REVENUE FROM VARIOUS SOURCES AND USES FASB ASU 2018-08 NOT-FOR-PROFIT ENTITIES (TOPIC 958) CLARIFYING THE SCOPE AND THE ACCOUNTING GUIDANCE FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE TO DETERMINE WHEN TO RECOGNIZE REVENUE. THE TIMING OF THE REVENUE RECOGNITION DOES NOT ALWAYS MATCH THE EXPENDITURES. IN FISCAL YEAR 2022, THE ORGANIZATION RECOGNIZED $2,100,000 OF CONTRIBUTION REVENUE THAT WILL BE PAID OUT OVER 10-20 YEARS FOR VARIOUS PURPOSES. ALSO, AS NOTED EARLIER, THE ORGANIZATION IS A FISCAL SPONSOR FOR THE XQ SUPER SCHOOL GRANT, $10,000,000 WAS RECOGNIZED IN PRIOR YEARS AS THE FUNDS WERE RECEIVED, BUT NOT ALL OF THE FUNDS WERE TRANSFERRED. IN THE CURRENT YEAR, LESS REVENUE WAS RECOGNIZED DUE TO THE PAYMENT SCHEDULE, BUT REMAINING FUNDS FROM PRIOR YEARS WERE EXPENSED. DUE TO THESE FACTORS, THE CHANGE IN NET ASSETS REPORTED ON STATEMENTS OF ACTIVITIES CAN VARY SIGNIFICANTLY FROM YEAR TO YEAR.