Grand Rapids Public Schools Foundation

Nonprofit profile at a glance

EIN
383137984
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Grand Rapids, MI, USA
Phone
6168196895
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$660,352
Expenses
$1,356,627
Assets
$3,569,793
Liabilities
$318,383

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • MISTI STANTON (PRESIDENT)
  • MONICA STEIMLE-APP (VICE PRESIDENT)
  • STEPHANIE ANDREWS (PRESIDENT/CEO)

Highest reported compensation

  • STEPHANIE ANDREWS (PRESIDENT/CEO): $130,010 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cultivating community resources to enrich educational experiences and remove barriers so every student learns, develops, and thrives. The grps foundation's mission is to remove barriers and secure essential funding for critical programs, projects, and resources, ensuring that every student in the grand rapids public schools (grps) system learns, develops, and thrives. As the primary foundation for west Michigan's largest public school district, grps foundation supports nearly 14,000 students, inspiring future success through a well-rounded approach to education. Each year, we fund vital programs in sports, arts, music, and experiential learning, offering hands-on, real-world experiences that complement classroom instruction. Our support extends to providing students with essential resources, including warm clothing, school supplies, and volunteer-led initiatives like playground clean-ups. Additionally, we administer mini-grants for teachers and principals, empowering educators.

What it reported doing in 2024

Elementary and middle school sports for physical wellness and social-emotional health remain a vital focus of the foundation's support for grps scholars. This program provides funding for after-school sports, ensuring that all students from kindergarten to 8th grade can participate at no cost. By promoting a healthy, active lifestyle, we help students develop a lifelong passion for physical activity and teamwork.the foundation provided funding to support over 3,200 elementary and middle school students in free sports programming, covering essential costs such as uniforms, coaches, transportation, and event fees. These activities strengthen students' relationships with positive adult mentors, cultivate resilience, and instill the values of teamwork and perseverance. Through this program, the foundation helps students thrive both on and off the field, laying afoundation for holistic development and lifelong wellness.our goal is to nurture well-rounded student-athletes by fostering an athletics program that not only builds athletic skills but also supports academic success and social-emotional growth. Participation in sports has been shown to improve school performance, reduce stress, and build self-esteem.see complete details in schedule o

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 74.8%; rating input score 75
  • Fundraising efficiency: $3.73 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -105.4%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 2.63; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 9.6%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -16.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -3% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 74.8% of spending went to programs
  • Governance: 23 of 23 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1M in reported program spending
  • Leadership: top reported pay $130K · 24 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.