Civic Intelligence

Gerald R Ford Presidential Foundation

990 • Fiscal year 2015 • EIN 38-2368003

Jan 01, 2015 to Dec 31, 2015 • Filed on May 31, 2016

Refreshing map…

303 Pearl NWGrand Rapids, MI 49504

(616) 254-0397

Siviq Scores

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

Liabilities / Assets

18th percentile

0.03x

Higher debt load relative to assets than 18% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

53rd percentile

0.37x

Higher debt load relative to revenue than 53% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

2nd percentile

-107%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

37th percentile

$200,588

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

7th percentile

-10%

Faster asset growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

94%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Down

$37,126,419

Down $4,225,357 (-10%) from 2014

Net Assets

Down

$35,933,329

Down $5,100,124 (-12%) from 2014

Liabilities

Up

$1,193,090

Up $874,767 (+275%) from 2014

Revenue

Up

$3,227,056

Up $1,560,678 (+94%) from 2014

Expenses

Up

$6,691,779

Up $4,678,046 (+232%) from 2014

Net Income

Down

-$3,464,723

Down $3,117,368 (-897%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $25,363,191Liabilities 2010: $50,351Net Assets 2010: $25,312,8402010Assets 2011: $31,630,897Liabilities 2011: $31,734Net Assets 2011: $31,599,1632011Assets 2012: $37,654,256Liabilities 2012: $75,615Net Assets 2012: $37,578,6412012Assets 2013: $40,697,717Liabilities 2013: $294,188Net Assets 2013: $40,403,5292013Assets 2014: $41,351,776Liabilities 2014: $318,323Net Assets 2014: $41,033,4532014Assets 2015: $37,126,419Liabilities 2015: $1,193,090Net Assets 2015: $35,933,3292015Assets 2016: $31,231,782Liabilities 2016: $53,884Net Assets 2016: $31,177,8982016Assets 2017: $34,231,046Liabilities 2017: $82,355Net Assets 2017: $34,148,6912017Assets 2018: $32,308,900Liabilities 2018: $69,190Net Assets 2018: $32,239,7102018Assets 2019: $38,249,062Liabilities 2019: $193,951Net Assets 2019: $38,055,1112019Assets 2020: $42,356,712Liabilities 2020: $177,525Net Assets 2020: $42,179,1872020Assets 2021: $49,485,787Liabilities 2021: $168,042Net Assets 2021: $49,317,7452021Assets 2022: $40,076,297Liabilities 2022: $204,524Net Assets 2022: $39,871,7732022Assets 2023: $45,637,422Liabilities 2023: $133,187Net Assets 2023: $45,504,2352023Assets 2024: $56,596,435Liabilities 2024: $230,917Net Assets 2024: $56,365,5182024

Highlighted filing

2015

Assets$37,126,419
Liabilities$1,193,090
Net Assets$35,933,329

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $1,320,5512010Expenses 2011: $1,684,4012011Expenses 2012: $1,321,9952012Revenue 2013: $4,499,996Expenses 2013: $2,835,143Net Income 2013: $1,664,8532013Revenue 2014: $1,666,378Expenses 2014: $2,013,733Net Income 2014: -$347,3552014Revenue 2015: $3,227,056Expenses 2015: $6,691,779Net Income 2015: -$3,464,7232015Revenue 2016: $3,528,860Expenses 2016: $8,970,580Net Income 2016: -$5,441,7202016Revenue 2017: $3,091,388Expenses 2017: $2,226,542Net Income 2017: $864,8462017Revenue 2018: $2,122,643Expenses 2018: $1,858,877Net Income 2018: $263,7662018Revenue 2019: $2,685,266Expenses 2019: $1,512,317Net Income 2019: $1,172,9492019Revenue 2020: $1,566,115Expenses 2020: $1,273,077Net Income 2020: $293,0382020Revenue 2021: $5,988,662Expenses 2021: $1,250,404Net Income 2021: $4,738,2582021Revenue 2022: $3,112,205Expenses 2022: $1,708,177Net Income 2022: $1,404,0282022Revenue 2023: $1,441,394Expenses 2023: $2,403,015Net Income 2023: -$961,6212023Revenue 2024: $8,526,081Expenses 2024: $2,743,947Net Income 2024: $5,782,1342024

Highlighted filing

2015

Revenue$3,227,056
Expenses$6,691,779
Net Income-$3,464,723
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 31, 2016
Return Version
2015v2.1
Gross Receipts
$13,068,429
Mission and Program Overview

Mission

Please see schedule o for a detailed description.

To provide support to the gerald r. Ford presidential library and museum for exhibits, conferences, and educa- tional programs to promote the legacy and ideals of gerald r. Ford.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,806,306$19,082,443▼ $1,723,863
Savings and Temporary Cash Investments$11,416,472$9,889,983▼ $1,526,489
Investments Other Securities$5,881,665$6,497,808▲ $616,143
Pledges and Grants Receivable$2,984,127$1,441,728▼ $1,542,399
Land, Buildings, and Equipment, Net$14,477$10,728▼ $3,749
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$41,351,776$37,126,419▼ $4,225,357
Other Assets Total$248,729$203,729▼ $45,000
Liabilities
Accounts Payable and Accrued Expenses$91,948$1,001,115▲ $909,167
Other Liabilities$210,025$165,025▼ $45,000
Grants Payable$16,350$26,950▲ $10,600
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$318,323$1,193,090▲ $874,767
Net Assets / Fund Balance
Unrestricted Net Assets$24,472,712$23,474,050▼ $998,662
Temporarily Rstr Net Assets$15,810,741$11,709,279▼ $4,101,462
Permanently Rstr Net Assets$750,000$750,000→ $0
Total Net Assets Fund Balance$41,033,453$35,933,329▼ $5,100,124
Total Liabilities and Net Assets / Fund Balance$41,351,776$37,126,419▼ $4,225,357

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,679$18,000$28,679
Leasehold Improvements$49$5,926$5,975
Other Securities$2,122,279--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$16,560,741$916,556▼ $19,538$4,998,480$12,459,279
2014$16,884,941$159,674▲ $263,172$747,046$16,560,741
2013$16,423,443$1,794,424▲ $511,233$1,844,159$16,884,941
2012$11,993,465$4,343,473▲ $377,159$290,654$16,423,443
2011$4,242,606$8,190,447▼ $180,370$259,218$11,993,465
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph CalvarusoExecutive DirectorFT$161,900$38,688$200,588

Highest Paid Contractors

ContractorServicesLocationCompensation
Pioneer Construction INCConstruction Design550 KIRTLAND ST SW, Grand Rapids, MI 49507$2,409,059
Xibitz INCExhibit Fabrication5809 CROSSROADS COMMERCE PKWY SW, Grand Rapids, MI 49519$1,413,013
Fishbeck Thompson Carr Huber IArchitectural Design1515 ARBORETUM DRIVE SE, Grand Rapids, MI 49546$435,253
Ark Media LLCProduction Service325 GOLD ST, Brooklyn, NY 11201$400,000
Bluecadet InteractiveInteractive Media1526 FRANKFORT AVE, Philadelphia, PA 19125$366,750
Revenue and Support

Revenue Composition

Contributions and Grants
$1,702,283
Program Service Revenue
$0
Investment Income
$1,492,424
Other Revenue
$32,349
All Other Contributions
$1,702,283
Change in Net Assets
$-3,464,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,285,636
Revenue Not Reported on Financial Statements
$-58,580
Revenue Not Reported on Form 990
$-1,635,401
Other Revenue Adjustments
$-58,580
Total Revenue per Audited Statements
$1,650,235
Total Revenue per Form 990
$3,227,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,254,300
Salaries, Compensation, and Employee Benefits$355,297
Grants and Similar Amounts Paid$79,890
Professional Fundraising Fees$2,292
Total Fundraising Expense$2,292

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$211,186$159,281-$370,467
Current Officers, Directors, Trustees, and Key Employees-$182,535-$182,535
Advertising$179,636--$179,636
All Other Expenses$152,233$24,431-$176,664
Fees for Service Investment Mgmnt Fees-$74,830-$74,830
Other Salaries and Wages-$68,514-$68,514
Pension Plan Contributions-$62,381-$62,381
Other Expenses$59,829--$59,829
Grants to Domestic Individuals$54,890--$54,890
Fees for Services Accounting-$29,816-$29,816
Fees for Services Other$28,744--$28,744
Other Employee Benefits-$25,523-$25,523
Grants to Domestic Orgs$25,000--$25,000
Travel$12,228$11,800-$24,028
Office Expenses-$22,540-$22,540
Insurance-$20,611-$20,611
Payroll Taxes-$16,344-$16,344
Information Technology$11,225--$11,225
Depreciation Depletion-$3,749-$3,749
Fees for Services Professional Fundraising--$2,292$2,292
Total Functional Expenses$5,987,132$702,355$2,292$6,691,779

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,750,359
Expenses per Audited Statements$6,691,779
Total Expenses per Form 990$6,691,779
Expenses Not Reported on Form 990$58,580
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hauenstein Center - Grand Valley State UniversityGrand Rapids, MI501(c)(3)Presidential Studies$25,000

International Summary

Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,292
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jw Marriott Grand Rapids HotelCommon LeadershipEvents Facilities and ServicesNo$64,735
Donna CalvarusoWife of Joe CalvarusoCompensation as EmployeeNo$49,826
Amway Grand Plaza HotelCommon LeadershipEvents Facilities and ServicesNo$18,431

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Liability$165,025
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Gerald R Ford Presidential Foundation
EIN
38-2368003
In Care Of
% JOSEPH CALVARUSO
Phone
6162540397
Address
303 PEARL NW, GRAND RAPIDS, MI 49504

Signing Officer

Name
Lisa a Cattelan
Title
Assistant Treasurer
Phone
6162540397
Signed
2016-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Calvaruso
Formed
1981
Legal Domicile
Mi
Voting Board Members
59
Independent Board Members
59
Employees
5
Volunteers
75

Preparer

Firm
Bdo USA Llp
Address
200 OTTAWA AVE NW STE 300, GRAND RAPIDS, MI 49503
Preparer
Rebekuh Eley
Phone
6167747000
Supplemental Narrative

Additional Explanations

ORGANIZATION'S MISSION AND MOST SIGNIFICANT ACTIVITIES

Form 990, part iii, line 1 the gerald r. Ford presidential foundation fosters increased awareness of the life, career, values, and legacy of america's 38th president. It does so through activities designed to promote the high ideals of integrity, honesty, and candor that defined president ford's extraordinary career of public service. The foundation promotes the ideals, values, commitment to public service, and historical legacy of president gerald r. Ford and further promotes greater civic engagement and recognition of integrity wherever it exists in the public arena. It supports permanent and changing exhibits designed to promote historical literacy; conferences; educational outreach and other programs, both scholarly and popular, at the gerald r. Ford presidential library and museum.

Officer, Director, or Trustee Family or Business Relationships

Form 990, part vi, section a, line 2 vaden bales and susan ford bales trustees husband/wife michael g. Ford, steven m. Ford, susan ford bales, and richard a. Ford trustees family relationships brent scowcroft and karen scowcroft trustees father/daughter steve van andel and doug devos trustees chairman and president, respectively, of amway

Form 990 Review Process

Form 990, part vi, section b, line 11b form 990 is presented to the executive committee for discussion and review before it is filed with the irs. After review and any potential revision, a copy of the final version of the form 990 is e-mailed to each member of the executive committee.

Conflict of Interest Policy Monitoring and Enforcement

Form 990, part vi, section b, line 12c a copy of the conflict of interest policy is furnished each year to each trustee, executive committee member, officer, and staff member of the foundation. These persons are required to review the policy, disclose any interests or relationships that may give rise to a potential conflict of interest, and, as applicable, sign and return an affirmation of compliance.

Compensation Review Process

Form 990, part vi, section b, line 15a the executive director's compensation is subject to review and approval by the officers of the organization. Compensation and labor market surveys are used for similarly qualified persons in functionally comparable positions at similarly situated organizations. The organization documents this process in meeting minutes.

Governing Documents Availability Disclosure

Form 990, part vi, section c, line 19 the written conflict of interest policy is available to the public upon request. The governing documents and financial statements are maintained as internal documents and are not made available to the public, unless for a business reason as determined and approved by the executive committee.

Financial Statement Notes

Intended Uses for Endowment Funds

Schedule d, part v, line 4 the endowment fund is used to fund a series of public affairs lectures held in grand rapids and ann arbor, michigan.

Other Revenue on Form 990 Part VIII Not on Audited Financial Statements

Schedule d, part xi, line 4b rental expense: $(58,580)

Other Expense on Audited Financial Statements But Not on Form 990 Part IX

Schedule d, part xii, line 2d rental expense: $58,580

Charitable Gift Annuity Asset/liability

SCHEDULE D, PART X, LINE 1 The Foundations charitable gift annuity represents a gift which was given to the Foundation with the condition that a specified payment be made to an income beneficiary over the donors life. A liability is established based on the present value of the payments to be made. This liability is recalculated annually, based on changes in the life expectancy assumptions and payments made. Changes in the liability are recorded as an increase or decrease to current years revenue. To collateralize the annuity obligation, the Foundation entered into an annuity contract with an insurance company at terms similar to the assumptions used for the annuity obligation. AS OF DECEMBER 31, 2015 THE VALUE OF THE ANNUITY CONTRACT RECEIVABLE WAS $180,369 AND THE CHARITABLE GIFT ANNUITY LIABILITY WAS $165,025.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm0RED CAVANEY
IRS990/Form990PartVIISectionAGrp/PersonNm1MARTIN J ALLEN JR
IRS990/Form990PartVIISectionAGrp/PersonNm2HANK MEIJER
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID HOOGENDOORN
IRS990/Form990PartVIISectionAGrp/PersonNm4TERRENCE O'DONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN G BAAB
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES A BAKER III
IRS990/Form990PartVIISectionAGrp/PersonNm7SUSAN FORD BALES
IRS990/Form990PartVIISectionAGrp/PersonNm8VADEN BALES
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID BRANDON
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT W BROWNE
IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES H CAVANAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm12RICHARD CHENEY
IRS990/Form990PartVIISectionAGrp/PersonNm13MARY SUE COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14DOUGLAS DEVOS
IRS990/Form990PartVIISectionAGrp/PersonNm15JOHN ENGLER
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL G FORD
IRS990/Form990PartVIISectionAGrp/PersonNm17STEVEN M FORD
IRS990/Form990PartVIISectionAGrp/PersonNm18DAVID G FREY
IRS990/Form990PartVIISectionAGrp/PersonNm19DANNY R GAYDOU
IRS990/Form990PartVIISectionAGrp/PersonNm20JAMES P HACKETT
IRS990/Form990PartVIISectionAGrp/PersonNm21BRYCE HARLOW

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.6$0.23$56.4$8.53$2.74$5.78
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.6$0.13$45.5$1.44$2.40$0.96
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$0.20$39.9$3.11$1.71$1.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.5$0.17$49.3$5.99$1.25$4.74
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.4$0.18$42.2$1.57$1.27$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.2$0.19$38.1$2.69$1.51$1.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.3$0.07$32.2$2.12$1.86$0.26
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$0.08$34.1$3.09$2.23$0.86
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.2$0.05$31.2$3.53$8.97$5.44
2015Detailed filing. Detailed filing data is available for this year.$37.1$1.19$35.9$3.23$6.69$3.46
2014Detailed filing. Detailed filing data is available for this year.$41.4$0.32$41.0$1.67$2.01$0.35
2013Detailed filing. Detailed filing data is available for this year.$40.7$0.29$40.4$4.50$2.84$1.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.7$0.08$37.6$1.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$0.03$31.6$1.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$0.05$25.3$1.32
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $25M-$50M nonprofits