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TO PROMOTE ECONOMIC & CULTURAL DEVELOPMENT OF GRAND RAPIDS, MI
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorerⓘ Leadership data below reflects a more recent filing (Tax Year 2024) from the IRS e-file system.
Total Revenue
▼$3M
Total Contributions
$3M
Total Expenses
▼$2.7M
Total Assets
$21.4M
Total Liabilities
▼$20.7M
Net Assets
$655.7K
Officer Compensation
→$269.1K
Other Salaries
$23.2K
Investment Income
▼$82.1K
Fundraising
▼$0
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $3M | $3M | $2.7M | $21.4M | $655.7K |
| 2022 | $125.9K | $125K | $445.6K | $828K | $823.4K |
| 2021 | $1.4M | $1.4M | $580.9K | $1.2M | $1.1M |
| 2020 | $351.6K | $350K | $85.3K | $408.5K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Kara Wood | Executive Director | 40 | $198K | $0 | $16.9K | $214.9K |
| Richard Devos Jr | President | 0.3 | $0 | $0 | $0 | $0 |
| Carol Van Andel | Secretary | 0.3 | $0 | $0 | $0 | $0 |
| Thomas G Welch Jr | Treasurer | 1 | $0 | $0 | $0 | $0 |
Kara Wood
Executive Director
$214.9K
Hrs/Wk
40
Compensation
$198K
Related Orgs
$0
Other
$16.9K
Richard Devos Jr
President
$0
Hrs/Wk
0.3
Compensation
$0
Related Orgs
$0
Other
$0
Carol Van Andel
Secretary
$0
Hrs/Wk
0.3
Compensation
$0
Related Orgs
$0
Other
$0
Thomas G Welch Jr
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $323.3K |
| 2019 | $5.7M | $5.7M | $2.1M | $8.1M | $57.1K |
| 2018 | $3M | $2.9M | $3.1M | $7.1M | -$2.5M |
| 2017 | $11M | $11M | $5M | $7.6M | -$2.1M |
| 2016 | $59.3K | $58.5K | $597.5K | $2.3M | -$1.7M |
| 2015 | $2.4M | $2.4M | $882.8K | $3.2M | -$1.6M |
| 2014 | $5.1M | $5.1M | $1M | $11.9M | -$196.9K |
| 2013 | $3.6M | $3.6M | $11.7M | $5.7M | -$1.1M |
| 2012 | $3.6M | $3.5M | $2.3M | $8.4M | $2.2M |
| 2011 | $1.4M | $1.4M | $8.5M | $4.1M | $2.5M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |