GERALD R FORD PRESIDENTIAL FOUNDAT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Phone

6162540397

Tax Period

2024-01-01 to 2024-12-31

GERALD R FORD PRESIDENTIAL FOUNDATION, founded in 1981, is a community nonprofit in the Education sector that reported $8.5M in total revenue in fiscal year 2024. Revenue surged 492% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 68% operating margin.

Mission

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.

Program Service Accomplishments

Program 1

Expenses: $544,517 Revenue: $0

ACTIVITIES SUPPORTED BY THE FOUNDATION INCLUDE SMITHSONIAN QUALITY FEATURE EXHIBITS, NOTED SPEAKERS, AND VARIOUS COMMUNITY ACTIVITIES. THIS INCLUDES PROGRAMS CELEBRATING THE 50TH ANNIVERSARY OF THE PRESIDENCY WITH - THE DAY THAT ROCKED AMERICA AND BEGAN A NEW ERA, DORIS KEARNS GOODWIN - NAVIGATING THE CURRENT POLITICAL CRISIS, TRUSTED ELECTIONS CONFERENCE W/ MIKE FORD AND JASON CARTER. LANDMARK FIRST LADIES CONFERENCE W/ FLARE AND AMERICAN UNIVERSITY HONORING BETTY FORD, AMERICA'S FIRST LADIES LUNCHEON W/ KEYNOTE SPEAKER FIRST LADY JILL BIDEN.

Program 2

Expenses: $416,824 Revenue: $0

FOUNDATION SUPPORT OF THE GERALD R. FORD PRESIDENTIAL LIBRARY AND PRESIDENTIAL MUSEUM IN 2024 INCLUDED THE PAYMENTS FOR THE 50TH ANNIVERSARY PRESIDENCY EXHIBIT - FORD AT 50 DECISIONS THAT DEFINED A...

Program 3

Expenses: $44,140 Revenue: $0

THE FOUNDATION SUPPORTS RESEARCH AND EDUCATION THROUGH PROGRAMS INCLUDING JOURNALISM PRIZES, RESEARCH GRANTS, AND INTERNSHIPS. JOURNALISM PRIZES RECOGNIZE REPORTORIAL EXCELLENCE AND THE FOSTERING OF BETTER PUBLIC UNDERSTANDING OF THE PRESIDENCY AND NATIONAL DEFENSE. TWO $5,000 PRIZES WERE AWARDED IN 2024. RESEARCH GRANTS SUPPORT RESEARCH IN THE HOLDINGS OF THE FORD PRESIDENTIAL LIBRARY. FIFTEEN GRANTS TOTALING $21,400.00 WERE AWARDED IN 2024. MUSEUM INTERNSHIPS OFFER COLLEGE STUDENTS PRACTICAL EXPERIENCE DURING 240 HOURS OF WORK AT THE FORD PRESIDENTIAL MUSEUM AND INCLUDE A $1,000 STIPEND UPON COMPLETION. THREE INTERNSHIPS WERE GRANTED IN 2024 TOTALING $3,000.00. THE FOUNDATION CONTINUES ITS CIVIC INITIATIVE PROGRAMS INCLUDING, DEVOS LEARNING CENTER AND THE FORD LEADERSHIP FORUM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,227,064

Program Service Revenue $0

Investment Income $1,325,910

Other Revenue $-26,893

TOTAL REVENUE $8,526,081

Expense Breakdown

Grants Paid $34,400

Salaries & Benefits $1,194,898

Fundraising Expenses $106,000

Program Expenses $1,005,481

Other Expenses $1,408,649

TOTAL EXPENSES $2,743,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,526,081	$1,441,394	+4.9%
Expenses	$2,743,947	$2,403,015	+0.1%
Net Income	$5,782,134	$-961,621	-7.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$309,256

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HOOGENDOORN	TREASURER	2.3	Officer Director	$0	$0	$0
HANK MEIJER	VICE CHAIRMAN	0.2	Officer Director	$0	$0	$0
MARTIN J ALLEN JR	CHAIRMAN EMERITUS	0.2	Officer Director	$0	$0	$0
MICHAEL JANDERNOA	CHAIRMAN	0.7	Officer Director	$0	$0	$0
TERRENCE O'DONNELL	SECRETARY	0.5	Officer Director	$0	$0	$0
BILL SCHUETTE	TRUSTEE	0.2	Director	$0	$0	$0
DAVID HOOKER	TRUSTEE	0.2	Director	$0	$0	$0
DEBBIE DINGELL	TRUSTEE	0.2	Director	$0	$0	$0
DON SHEETS	TRUSTEE	0.2	Director	$0	$0	$0
DOUGLAS DEVOS	TRUSTEE	0.2	Director	$0	$0	$0
FRANK G ZARB JR	TRUSTEE	0.2	Director	$0	$0	$0
FRED P KELLER	TRUSTEE	0.2	Director	$0	$0	$0
JAMES P HACKETT	TRUSTEE	0.2	Director	$0	$0	$0
JAMES P URSOMARSO	TRUSTEE	0.2	Director	$0	$0	$0
JC HUIZENGA	TRUSTEE	0.2	Director	$0	$0	$0
JOHN ENGLER	TRUSTEE	0.2	Director	$0	$0	$0
JOHN KENNEDY	TRUSTEE	0.2	Director	$0	$0	$0
KAREN SCOWCROFT	TRUSTEE	0.2	Director	$0	$0	$0
LAURA HILLS	TRUSTEE	0.2	Director	$0	$0	$0
LIZ CHENEY	TRUSTEE	0.2	Director	$0	$0	$0
MARC HALSEMA	TRUSTEE	0.2	Director	$0	$0	$0
MARGARET TUTWILER	TRUSTEE	0.2	Director	$0	$0	$0
MARIA CIMITILE	TRUSTEE	0.2	Director	$0	$0	$0
MICHAEL G FORD	TRUSTEE	0.5	Director	$0	$0	$0
NATHAN MILLER	TRUSTEE	0.2	Director	$0	$0	$0
PAUL O'NEILL JR	TRUSTEE	0.2	Director	$0	$0	$0
RICHARD PARSONS	TRUSTEE	0.2	Director	$0	$0	$0
ROGER PORTER	TRUSTEE	0.2	Director	$0	$0	$0
RONALD WEISER	TRUSTEE	0.2	Director	$0	$0	$0
SAMUEL BUZZ THOMAS	TRUSTEE	0.2	Director	$0	$0	$0
SPENCER ABRAHAM	TRUSTEE	0.1	Director	$0	$0	$0
STEVE C WATERBURY	TRUSTEE	0.2	Director	$0	$0	$0
STEVE VAN ANDEL	TRUSTEE	0.2	Director	$0	$0	$0
STEVEN M FORD	TRUSTEE	0.5	Director	$0	$0	$0
TERESA WEATHERALL NEAL	TRUSTEE	0.2	Director	$0	$0	$0
TINA FREESE DECKER	TRUSTEE	0.2	Director	$0	$0	$0
WAYMAN BRITT	TRUSTEE	0.2	Director	$0	$0	$0
WILLIAM MCBRIDE	TRUSTEE	0.2	Director	$0	$0	$0
GLEAVES WHITNEY	EXECUTIVE DIRECTOR	50.0	Officer	$250,000	$59,256	$309,256
DONALD J COOPER II	DIRECTOR OF CIVIC INITIATIVES	40.0	Highest	$169,950	$27,018	$196,968
JEFFREY J POLET	DIRECTOR FOR LEADERSHIP FORUM	40.0	Highest	$154,500	$44,427	$198,927
RACHEL L SIGLOW	ASSISTANT SECRETARY	40.0	Highest	$128,750	$24,340	$153,090

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$8,526,081	$2,743,947	$56,596,435	$5,782,134
2023	$1,441,394	$2,403,015	$45,637,422	$-961,621
2022	$3,112,205	$1,708,177	$40,076,297	$1,404,028
2021	$5,988,662	$1,250,404	$49,485,787	$4,738,258
2020	$1,566,115	$1,273,077	$42,356,712	$293,038
2019	$2,685,266	$1,512,317	$38,249,062	$1,172,949
2018	$2,122,643	$1,858,877	$32,308,900	$263,766

GERALD R FORD PRESIDENTIAL FOUNDATION