Civic Intelligence

Grand Valley University Foundation

EIN 38-6086770 • 501(c)3 • Allendale, MI

Profile

The grand valley university foundation provides support to grand valley state university to assist in its goals and mission. This support provides grants and scholarships, faculty and academic program development, capital maintenance and growth, and long-term fiscal security.

1 Campus Drive 2015 JhzAllendale, MI 49401

www.gvuf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

42nd percentile

1.4%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

60th percentile

8.2%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

23rd percentile

-7.9%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$5,033,817

Up $383,240 (+8.2%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$5,033,817

Up $383,240 (+8.2%) from 2024

Revenue

Down

$1,002,872

Down $85,710 (-7.9%) from 2024

Expenses

Down

$989,084

Down $178,439 (-15%) from 2024

Net Income

Up

$13,788

Up $92,729 (+117%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $572,774Liabilities 2011: $0Net Assets 2011: $572,7742011Assets 2012: $463,751Liabilities 2012: $0Net Assets 2012: $463,7512012Assets 2013: $511,419Liabilities 2013: $0Net Assets 2013: $511,4192013Assets 2014: $1,217,738Liabilities 2014: $0Net Assets 2014: $1,217,7382014Assets 2015: $1,322,643Liabilities 2015: $0Net Assets 2015: $1,322,6432015Assets 2016: $1,418,972Liabilities 2016: $0Net Assets 2016: $1,418,9722016Assets 2017: $1,978,082Liabilities 2017: $0Net Assets 2017: $1,978,0822017Assets 2018: $2,114,159Liabilities 2018: $0Net Assets 2018: $2,114,1592018Assets 2019: $2,534,627Liabilities 2019: $342Net Assets 2019: $2,534,2852019Assets 2020: $2,891,800Liabilities 2020: $350Net Assets 2020: $2,891,4502020Assets 2021: $3,255,034Liabilities 2021: $156Net Assets 2021: $3,254,8782021Assets 2022: $3,517,597Liabilities 2022: $0Net Assets 2022: $3,517,5972022Assets 2023: $4,058,074Liabilities 2023: $0Net Assets 2023: $4,058,0742023Assets 2024: $4,650,577Liabilities 2024: $0Net Assets 2024: $4,650,5772024Assets 2025: $5,033,817Liabilities 2025: $0Net Assets 2025: $5,033,8172025

Highlighted filing

2025

Assets$5,033,817
Liabilities$0
Net Assets$5,033,817

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $503,819Expenses 2011: $494,264Net Income 2011: $9,5552011Revenue 2012: $585,881Expenses 2012: $689,955Net Income 2012: -$104,0742012Revenue 2013: $2,728,069Expenses 2013: $2,728,671Net Income 2013: -$6022013Revenue 2014: $1,578,328Expenses 2014: $977,540Net Income 2014: $600,7882014Revenue 2015: $601,533Expenses 2015: $589,337Net Income 2015: $12,1962015Revenue 2016: $1,643,077Expenses 2016: $1,293,263Net Income 2016: $349,8142016Revenue 2017: $2,166,032Expenses 2017: $2,086,955Net Income 2017: $79,0772017Revenue 2018: $1,277,163Expenses 2018: $1,177,702Net Income 2018: $99,4612018Revenue 2019: $1,446,035Expenses 2019: $1,255,033Net Income 2019: $191,0022019Revenue 2020: $4,358,884Expenses 2020: $3,978,198Net Income 2020: $380,6862020Revenue 2021: $1,109,833Expenses 2021: $1,005,737Net Income 2021: $104,0962021Revenue 2022: $1,567,995Expenses 2022: $1,054,053Net Income 2022: $513,9422022Revenue 2023: $876,308Expenses 2023: $585,137Net Income 2023: $291,1712023Revenue 2024: $1,088,582Expenses 2024: $1,167,523Net Income 2024: -$78,9412024Revenue 2025: $1,002,872Expenses 2025: $989,084Net Income 2025: $13,7882025

Highlighted filing

2025

Revenue$1,002,872
Expenses$989,084
Net Income$13,788

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.03$0.00$5.03$1.00$0.99$0.01
2024Detailed filing. Detailed filing data is available for this year.$4.65$0.00$4.65$1.09$1.17$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$0.88$0.59$0.29
2022Detailed filing. Detailed filing data is available for this year.$3.52$0.00$3.52$1.57$1.05$0.51
2021Detailed filing. Detailed filing data is available for this year.$3.26$0.00$3.25$1.11$1.01$0.10
2020Summary only. Only limited summary data is available for this year.$2.89$0.00$2.89$4.36$3.98$0.38
2019Summary only. Only limited summary data is available for this year.$2.53$0.00$2.53$1.45$1.26$0.19
2018Summary only. Only limited summary data is available for this year.$2.11$0.00$2.11$1.28$1.18$0.10
2017Summary only. Only limited summary data is available for this year.$1.98$0.00$1.98$2.17$2.09$0.08
2016Summary only. Only limited summary data is available for this year.$1.42$0.00$1.42$1.64$1.29$0.35
2015Summary only. Only limited summary data is available for this year.$1.32$0.00$1.32$0.60$0.59$0.01
2014Summary only. Only limited summary data is available for this year.$1.22$0.00$1.22$1.58$0.98$0.60
2013Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$2.73$2.73$0.00
2012Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.59$0.69$0.10
2011Summary only. Only limited summary data is available for this year.$0.57$0.00$0.57$0.50$0.49$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 19, 2025
Return Version
2024v5.2
Gross Receipts
$1,002,872
Mission and Program Overview

Mission

The grand valley university foundation provides support to grand valley state university to assist in its goals and mission. This support provides grants and scholarships, faculty and academic program development, capital maintenance and growth, and long-term fiscal security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$4,215,128$4,621,076▲ $405,948
Cash and Non-Interest-Bearing Accounts$227,903$264,078▲ $36,175
Pledges and Grants Receivable$207,546$148,663▼ $58,883
Total Assets$4,650,577$5,033,817▲ $383,240
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,650,577$5,033,817▲ $383,240
Total Net Assets Fund Balance$4,650,577$5,033,817▲ $383,240
Total Liabilities and Net Assets / Fund Balance$4,650,577$5,033,817▲ $383,240

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$4,621,076--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$4,215,128$93,217▲ $476,327$22,389$4,621,076
2024$3,534,072$323,460▲ $509,680$22,166$4,215,128
2023$3,184,118$176,669▲ $337,410$51,241$3,534,072
2022$2,923,856$460,604▼ $86,508$19,603$3,184,118
2021$2,368,835$222,689▲ $840,404$421,527$2,923,856
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donna K BrooksGeneral Chair
James Wf BrooksGeneral Chair
Daniel G DevosVice Chair
Pamella G DevosVice Chair
Aaron C RadeletDirector - Part Year
Arend D LubbersDirector - Part Year
Bari S JohnsonDirector - Part Year
Betty S Burton GroceDirector - Part Year
Carol Van AndelDirector - Part Year
Charles E Johnson IiDirector - Part Year
Daniel W TerpsmaDirector - Part Year
David P MehneyDirector - Part Year
David S HookerDirector - Part Year
Donnalee HoltonDirector - Part Year
Doyle a HayesDirector - Part Year
Edward J HanenburgDirector - Part Year
Elizabeth WelchDirector - Part Year
Fred P KellerDirector - Part Year
Gary D DewittDirector - Part Year
Greg KaufmanDirector - Part Year
Guillermo CisnerosDirector - Part Year
Hank MeijerDirector - Part Year
Holly a JohnsonDirector - Part Year
Hubert MasseyDirector - Part Year
James L JurriesDirector - Part Year
James M TeetsDirector - Part Year
James P KeaneDirector - Part Year
James V BuzzittaDirector - Part Year
Jc HuizengaDirector - Part Year
Jean E MartinDirector - Part Year
Jeffrey S PadnosDirector - Part Year
Jerry L TubergenDirector - Part Year
Jessie F DalmanDirector - Part Year
John G RussellDirector - Part Year
John H Bultema IiiDirector - Part Year
John W GreenDirector - Part Year
Jose a InfanteDirector - Part Year
Karen Henry StokesDirector - Part Year
Kevin P CusackDirector - Part Year
Kyle S IrwinDirector - Part Year
Larry J RobsonDirector - Part Year
Larry W HinesDirector - Part Year
Laurie BeardDirector - Part Year
M Catherine BissellDirector - Part Year
Margaret E PotterDirector - Part Year
Margaret KennedyDirector - Part Year
Mark a MurrayDirector - Part Year
Meg Miller WillitDirector - Part Year
Michael J GoorhouseDirector - Part Year
Michael J JandernoaDirector - Part Year
Michael K OlthoffDirector - Part Year
Michael R VangesselDirector - Part Year
Michael S EllisDirector - Part Year
Michael S YoungdahlDirector - Part Year
Mitchell G WattDirector - Part Year
Nancy J LubbersDirector - Part Year
Noreen K MyersDirector - Part Year
Paul C HillegondsDirector - Part Year
Peter J DewittDirector - Part Year
Richard H VanderzydenDirector - Part Year
Richard W Muzzy JrDirector - Part Year
Robert W RothDirector - Part Year
Samuel M CummingsDirector - Part Year
Sean P WelshDirector - Part Year
Starr HumphriesDirector - Part Year
Steven a WorkmanDirector - Part Year
Tammy L HuizengaDirector - Part Year
Thomas G Welch JrDirector - Part Year
Thomas J HaasDirector - Part Year
Todd CusterDirector - Part Year
Victor ShepherdDirector - Part Year
Virginia M SeyferthDirector - Part Year
Laura a Meengs-aikensExecutive Director
Anthony VerplankExecutive Member & Director
Christina L KellerExecutive Member & Director
Donald J PatonExecutive Member & Director
Gary L TilkinExecutive Member & Director
John C KennedyExecutive Member & Director
Kala J GibsonExecutive Member & Director
Kate Pew WoltersExecutive Member & Director
Mary L KramerExecutive Member & Director
Rabih M JamalExecutive Member & Director
Randall S DamstraExecutive Member & Director
Shelley E PadnosExecutive Member & Director
Timothy R SchowalterExecutive Member & Director
Kathleen VogelsangSecretary & Director
Edward J ClarkAssistant Secretary - Part Year
Dorothy a JohnsonSecretary - Part Year
Gregory J SanialTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$876,181
Program Service Revenue
$0
Investment Income
$126,691
Other Revenue
$0
All Other Contributions
$729,894
Change in Net Assets
$13,788

Audited Revenue Reconciliation

Revenue per Audited Statements
$983,056
Revenue Not Reported on Financial Statements
$19,816
Revenue Not Reported on Form 990
$425,103
Total Revenue per Audited Statements
$1,408,159
Total Revenue per Form 990
$1,002,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$781,251
Other Expenses$190,618
Total Fundraising Expense$66,026
Salaries, Compensation, and Employee Benefits$17,215
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$643,800--$643,800
Grants to Domestic Individuals$137,451--$137,451
Conferences and Meetings$10,593$47,101$44,948$102,642
Fees for Service Investment Mgmnt Fees-$19,816-$19,816
Advertising$15,900$1,073$2,477$19,450
Travel$1,791-$17,110$18,901
Fees for Services Accounting-$18,300-$18,300
Other Salaries and Wages$17,215--$17,215
Office Expenses$6,390$21$1,491$7,902
Insurance-$3,411-$3,411
Other Expenses$196--$196
Total Functional Expenses$833,336$89,722$66,026$989,084

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,024,919
Total Expenses per Form 990$989,084
Expenses per Audited Statements$969,268
Expenses Not Reported on Form 990$55,651
Expenses Not Reported on Financial Statements$19,816
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grand Valley State UniversityAllendale, MI170(b)(1)(a)iiScholarships and Public Programs$643,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee of the organization possess voting rights, except the executive director and treasurer of the organization do not have voting rights.

Form 990, Part VI, Section A, Line 2

James w.f. Brooks and donna k. Brooks - married daniel g. Devos and pamella g. Devos - married arend d. Lubbers and nancy j. Lubbers - married j.c. Huizenga and tammy l. Huizenga - married christina l. Keller and fred p. Keller - daughter/father john c. Kennedy and margaret kennedy - father/daughter jeffrey s. Padnos and shelley e. Padnos - cousins elizabeth welch and kate pew wolters - cousins samuel m. Cummings and daniel g. Devos - business larry w. Hines, charles e. Johnson ii, and michael k. Olthoff - business daniel g. Devos, randall s. Damstra, and jerry l. Tubergen - business

Form 990, Part VI, Section B, Line 11B

The from 990 is first reviewed by the audit committee of the board before being submitted to the irs. The audit committee then presents the form 990 at the annual meeting of the grand valley university foundation to the executive committee.

FORM 990, PART VI, SECTION B, LINE 12B:

If a conflict of interest occurs, the foundation member must disclose the potential conflict and announce during any deliberations. They would be expected to abstain from voting following the disclosure.

Form 990, Part VI, Section B, Line 12C

As part of the annual meeting follow-up, a conflict of interest policy and conflict of interest forms are mailed to all grand valley university foundation board members. The forms are collected and reviewed at the foundation's offices.

Form 990, Part VI, Section C, Line 19

The form 990 is available on the website and guidestar. A hard copy is available for review at the offices of the grand valley university foundation. Financial statements are published as part of the annual meeting. The articles of incorporation and by-laws are filed with the state of michigan and are available on the state of michigan's website. Additionally, all governing documents and policies are available for public viewing at the foundation's offices during normal business hours.

Filing and Contact Details

Filer

Filer Name
Grand Valley University Foundation
EIN
38-6086770
Phone
6163312831
Address
1 CAMPUS DRIVE 2015 JHZ, ALLENDALE, MI 49401

Signing Officer

Name
Daniel Hurwitz
Title
Executive Director
Phone
6163312831
Signed
2025-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Hurwitz
Formed
1965
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
250

Preparer

Firm
Plante & Moran Pllc
Address
8181 E TUFTS AVE SUITE 600, DENVER, CO 80237
Preparer
Dori J Eggett
Phone
3037409400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

At june 30, 2025 there are 26 endowments gifted to the grand valley university foundation. The community foundation for muskegon county interfaith dialogue fund endowment is designed to support programming that leads to greater understanding and acceptance between people of all faiths, including in particular, to support interfaith dialogue events of national and regional scope, held in west michigan, and to support west michigan academic consortium conferences. The community leadership scholarship endowment seeks to support and honor grand valley state university students who have demonstrated their willingness to combine community service with the pursuit of their professional vocations. Marilyn and budge sherwood seidman college of business scholarship for non-traditional students endowment provides scholarships for non-traditional students who have taken time off to raise a family who are in pursuit of a business degree. The brooks first generation endowed scholarship supports oliver wilson scholars who are the first in their family to earn a four-year degree. The richard a. Winn michigan lodging and tourism association endowed scholarship increases awareness of careers in hospitality and tourism management and supports underrepresented individuals in the field. The lupe ramos-montigney "si se puede" legacy endowed scholarship is to support students from the grand rapids public school district who demonstrate an interest in learning about, or whose lives have been shaped by, the unique struggles of undocumented persons or migrant farm workers. The earl harper scholarship endowment provides scholarships for students enrolled in the historically black college/university/hispanic serving institution consortium and enrolled in any graduate degree program in the seidman college of business. Don williams sr. Dean emeritus, business education endowed scholarship assists graduates of urban schools in wayne county pursuing a business degree. The johnny c. Burton memorial scholarship endowment provides scholarships for students enrolled in the historically black college/university/hispanic serving institution consortium, with a preference for first generation students. The rick hamlin endowed scholarship assists students who have demonstrated a career interest in environmental design, nursing, psychology, or education. The mnomen native american tribes endowed scholarship will assist native american tribal members who are students with education at gvsu. The pham dinh tham memorial endowed scholarship will assist students who demonstrate an interest in learning about vietnamese language and/or culture. The jeff "dr j" chamberlain meijer honors college alumni endowed scholarship was established to support students in the frederik meijer honors college. The grace huizenga endowed scholarship assists students who demonstrate interest in learning about, or providing services to address, the unique struggles of the lgbtq+ community in pursuit of a degree from the kirkhof college of nursing or college of health professions. The social work urban communities endowed scholarship assists students pursuing careers in social work who attended urban schools in michigan (eligible urban schools are defined as schools on the list for the urban schools scholarship), who demonstrate overcoming systemic inequities, and who demonstrate a commitment to advocate for social justice in urban communities in their future career. The spectrum health endowed scholarship has been established to encourage students from michigan to pursue and complete degrees in the health care fields. The crowe llp strive for progress endowed scholarship was established to encourage students underrepresented in the field to join the accounting industry by providing financial assistance to remove barriers to earning a gvsu degree. The legendary lambda pi legacy endowed scholarship was established to provide monetary support to further the educational aspirations of undergraduate

PART X, LINE 2:

The foundation is a not-for-profit corporation and is exempt from tax under the provisions of internal revenue code section 501(c)(3). Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the foundation and has concluded, that as of june 30, 2025 and 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

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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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