Nonprofit · EIN 87-4152774
MERCANTILE BANK FOUNDATION
Tax-exempt · GRAND RAPIDS, MI 49504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,325,216 | $346,233 | $978,983 | $8,428,580 | $0 | $8,428,580 |
| December 31, 2024 | 990-PF | $1,884,876 | $175,924 | $1,708,952 | $7,448,976 | $0 | $7,448,976 |
| December 31, 2023 | 990-PF | $805,749 | $553,533 | $252,216 | $5,740,024 | $0 | $5,740,024 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,066,258
- Dividends
- $201,346
- Interest
- $81
- Net gain from sales of assets
- $57,531
Expenses
- Grants and similar amounts paid
- $310,550
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $313,789
- Excise tax on investment income
- $5,251
Balance sheet and other
- Total assets, start of year
- $7,448,976
- Total assets, end of year
- $8,428,580
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,428,580
- Fair market value of assets
- $9,819,092
- Qualifying distributions
- $313,789
- Net investment income
- $411,129
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES CHRISTMAS 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | TREASURER | 1 | $0 |
| RAY REITSMA 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | PRESIDENT | 1 | $0 |
| SCOTT SETLOCK 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | SECRETARY | 1 | $0 |
| DOUG HOLTROP 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 1 | $0 |
| JUSTIN KARL 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 1 | $0 |
| TARA RANDALL 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 1 | $0 |
| JANINA KREIDER 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES CHRISTMAS 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | TREASURER | 1 | $0 |
| RAY REITSMA 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | PRESIDENT | 1 | $0 |
| SCOTT SETLOCK 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | SECRETARY | 1 | $0 |
| DOUG HOLTROP 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 1 | $0 |
| JUSTIN KARL 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 1 | $0 |
| ROBERT KAMINSKI 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR (THROUGH MAY 2024) | 1 | $0 |
| TARA RANDALL 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 1 | $0 |
| JANINA KREIDER 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR (AS OF MAY 2024) | 1 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES CHRISTMAS 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | TREASURER | 2 | $0 |
| RAY REITSMA 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | PRESIDENT | 2 | $0 |
| SCOTT SETLOCK 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | SECRETARY | 2 | $0 |
| DOUG HOLTROP 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 2 | $0 |
| JUSTIN KARL 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 2 | $0 |
| ROBERT KAMINSKI 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 2 | $0 |
| TARA RANDALL 310 LEONARD STREET NW, GRAND RAPIDS, MI 49504 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 310 LEONARD ST NW, GRAND RAPIDS, MI 49504-4224
- In care of
- % CHARLES E CHRISTMAS
- Signed the 990-PF
- CHARLES CHRISTMAS, TREASURER
- Phone
- (616) 726-1202
- Return prepared by
- CROWE LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-4152774
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $8,428,580
- Income (IRS master file)
- $2,808,431
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,325,216 | $346,233 | $8,428,580 | IRS |
| 990-PF | December 2024 | $1,884,876 | $175,924 | $7,448,976 | IRS |
| 990-PF | December 2023 | $805,749 | $553,533 | $5,740,024 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-4152774).
Questions about MERCANTILE BANK FOUNDATION
- What is the EIN of MERCANTILE BANK FOUNDATION?
- The employer identification number (EIN) of MERCANTILE BANK FOUNDATION is 87-4152774.
- Is MERCANTILE BANK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MERCANTILE BANK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MERCANTILE BANK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MERCANTILE BANK FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MERCANTILE BANK FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MERCANTILE BANK FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MERCANTILE BANK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,325,216, expenses of $346,233 and total assets of $8,428,580 at year end.
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