Silverwing Foundation

990PF • Fiscal year 2021 • EIN 20-2110480

Jan 01, 2021 to Dec 31, 2021 • Filed on May 09, 2022

Organization Profile

660 ADA DRIVE Suite 301Ada, MI 49301

(616) 957-5823

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2021 filings • $10M-$25M nonprofits • Source year 2021

0.15x

Higher debt load relative to revenue than 51% of similar nonprofits.

2021 filings • $10M-$25M nonprofits • Source year 2021

-746%

Higher net margin than 1% of similar nonprofits.

2021 filings • $10M-$25M nonprofits • Source year 2021

$215,528

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 69.4% of source-year revenue.

2021 filings • $10M-$25M nonprofits • Source year 2021

-8.7%

Faster asset growth than 7% of similar nonprofits.

2021 filings • $10M-$25M nonprofits • Annualized from 2020 to 2021

98%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets25th percentile

Assets

Down

$24,542,326

Down $2,329,428 (-8.7%) from 2020

Net Assets

Down

$24,494,906

Down $2,318,561 (-8.6%) from 2020

Liabilities

Down

$47,420

Down $10,867 (-19%) from 2020

Revenue And Expenses

Liabilities / Revenue51st percentile Net Margin1st percentile

Revenue

$310,593

Up $153,513 (+98%) from 2020

Expenses

Down

$2,629,154

Down $734,478 (-22%) from 2020

Net Income

-$2,318,561

Up $887,991 (+28%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2021

Assets$24,542,326

Liabilities$47,420

Net Assets$24,494,906

Open 2021 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2021

Revenue$310,593

Expenses$2,629,154

Net Income-$2,318,561

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: May 9, 2022
Return Version: 2021v4.2

Compensation and Service Providers

Top Officer Pay70th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JAMES ROSLONIEC	Treasurer	-	$215,528	-	$215,528
NAN VAN ANDEL	President	-	$150,000	-	$150,000
LEIGH TILKIN	Director	-	$25,000	-	$25,000

Filing and Contact Details

Filer

Filer Name: Silverwing Foundation
EIN: 20-2110480
In Care Of: % JIM ROSLONIEC
Phone: 6169575823
Address: 660 ADA DRIVE Suite 301, ADA, MI 49301

Signing Officer

Name: Jim Rosloniec
Title: Treasurer
Phone: 6169575823
Signed: 2022-05-09
Discuss with paid preparer: Yes

Preparer

Firm: Bdo USA Llp
Address: 200 OTTAWA AVE NW STE 300, GRAND RAPIDS, MI 49503
Preparer: Daniel Fuller
Phone: 6167747000

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt	0	N/A
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt	0	NONE
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt	0	LETTER OF REFERENCE
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm	0	JAMES ROSLONIEC
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum	0	6169575823
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt	0	660 ADA DRIVE SUITE 301
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm	0	ADA
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd	0	MI
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd	0	49301
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt	0	NONE
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt	0	NONE
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm	0	NAN VAN ANDEL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	0	2095659
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	0	VARIOUS - SEE ATTACHED STATEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	0	SEE ATTACHED STATEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	0	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	0	SEE ATTACHED STATEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	0	SEE ATTACHED STATEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	0	MI
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	0	99999
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm	0	NONE
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	2095659
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	1479795
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt	0	0
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	1479795
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt	0	1791742
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	3543793
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt	0	11472137
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt	0	10083405
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt	0	12846376
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt	0	12846376
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	27965573
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt	0	1074496
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	1791742
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	3543793
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt	0	11472137
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	10083405
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr	0	2019
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr	0	2018
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr	0	2017
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt	0	0
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	2554291
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	1074496
IRS990PF/UndistributedIncomeGrp/Taxable1Amt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	0
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	40811949
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	39737453
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	TELECOMMUNICATIONS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	TELEPHONE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	ELECTRIC/GAS EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	OUTSIDE SERVICES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	SHARED EXPENSE ALLOCATION
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	6	MEALS & ENTERTAINMENT
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	7	DUES & FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	8	PENN SQUARE GLOBAL REAL ESTATE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	3147
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	448
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	2	8722
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	3	136
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	4	60
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	5	47386
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	6	308
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	7	65
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	8	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	1752
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	3147
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	448
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	8722
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	136
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	60
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	47386
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	6	308
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	7	65
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	8	0
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	GOLDENTREE
OtherIncomeSchedule2/OtherIncomeDetail/Desc	1	GOLDENTREE SACHS DISTRESSED
OtherIncomeSchedule2/OtherIncomeDetail/Desc	2	GOLDMAN SACHS VINTAGE
OtherIncomeSchedule2/OtherIncomeDetail/Desc	3	ADABELLE
OtherIncomeSchedule2/OtherIncomeDetail/Desc	4	HAMILTON LANE
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	0	9378
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	1	12354
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	2	28055
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	3	0
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	4	18718
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	5512
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	1	14881
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	2	35349
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	3	0
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	4	18718
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt	0	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt	0	6394
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt	0	INVESTMENT MANAGEMENT FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt	0	3197
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt	0	3197
TaxesSchedule/TaxesDetail/Amt	0	49983
TaxesSchedule/TaxesDetail/CategoryTxt	0	FEDEAL INCOME TAX
TaxesSchedule/TaxesDetail/CategoryTxt	1	FOREIGN TAX
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt	0	10180
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	2
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JIM ROSLONIEC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	6169575823
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Silverwing Foundation
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt	0	Founded by Jay and Betty Van Andel
ReturnHeader/Filer/BusinessNameControlTxt	0	SILV
ReturnHeader/Filer/EIN	0	202110480
ReturnHeader/Filer/InCareOfNm	0	% JIM ROSLONIEC
ReturnHeader/Filer/PhoneNum	0	6169575823
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	660 ADA DRIVE Suite 301
ReturnHeader/Filer/USAddress/CityNm	0	ADA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MI
ReturnHeader/Filer/USAddress/ZIPCd	0	49301
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	BDO USA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	200 OTTAWA AVE NW STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	49503
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6167747000
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2022-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Daniel Fuller
ReturnHeader/ReturnTs	0	2022-11-15T12:06:17-06:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	JIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	ROSLONIEC
ReturnHeader/TaxPeriodBeginDt	0	2021-01-01
ReturnHeader/TaxPeriodEndDt	0	2021-12-31
ReturnHeader/TaxYr	0	2021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $24,542,326
Liabilities: $47,420
Net assets: $24,494,906
Revenue: $310,593
Expenses: $2,629,154
Net income: -$2,318,561

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$24.2	$0.06	$24.2	$4.17	$3.31	$0.86
2023Detailed filing. Detailed filing data is available for this year.	$23.4	$0.06	$23.3	$4.11	$2.90	$1.20
2022Detailed filing. Detailed filing data is available for this year.	$22.2	$0.07	$22.1	$0.56	$2.96	$2.40
2021Detailed filing. Detailed filing data is available for this year.	$24.5	$0.05	$24.5	$0.31	$2.63	$2.32
2020Detailed filing. Detailed filing data is available for this year.	$26.9	$0.06	$26.8	$0.16	$3.36	$3.21
2019Summary only. Only limited summary data is available for this year.	$30.1	$0.07		$10.8	$6.53	$4.28
2015Summary only. Only limited summary data is available for this year.	$29.3	$0.11		$2.56	$15.6	$13.1
2014Summary only. Only limited summary data is available for this year.	$42.4	$0.11		$4.39	$11.2	$6.86
2013Summary only. Only limited summary data is available for this year.	$49.1	$0.00		$3.99	$8.67	$4.68
2012Summary only. Only limited summary data is available for this year.	$53.8	$0.00		$36.0	$16.0	$20.0
2011Summary only. Only limited summary data is available for this year.	$34.4	$0.00		$5.91	$6.80	$0.89