GRAND TRAVERSE REGIONAL COMMUNITY FOUNDATION

EIN: 383056434 501(c)(3) Philanthropy & Grantmaking

TRAVERSE CITY, MI

Total Revenue
$9,865,307
Total Expenses
$5,441,697
Total Assets
$105,417,500
Net Assets
$105,324,424
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MI
Principal Officer
BETH DUNCKEL
Phone
2319354066
Tax Period
2024-01-01 to 2024-12-31

GRAND TRAVERSE REGIONAL COMMUNITY FOUNDATION, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.9M in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 45% operating margin.

Mission

WE INVEST IN THE PEOPLE AND PLACES OF OUR REGION AND STEWARD COMMUNITY ASSETS FOR LASTING IMPACT.

Program Service Accomplishments

Program 1
Expenses: $3,572,361

THE FOUNDATION PROVIDES COMMUNITY SERVICE AND SUPPORT BY PROVIDING GRANTS TO 501(C)(3) NONPROFIT, MUNICIPAL, TRIBAL AND EDUCATIONAL PARTNERS WITH A FOCUS ON LOCAL IMPACT IN THE COMMUNITIES THROUGHOUT...

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THE FOUNDATION PROVIDES COMMUNITY SERVICE AND SUPPORT BY PROVIDING GRANTS TO 501(C)(3) NONPROFIT, MUNICIPAL, TRIBAL AND EDUCATIONAL PARTNERS WITH A FOCUS ON LOCAL IMPACT IN THE COMMUNITIES THROUGHOUT ITS REGION. THE FOUNDATION SERVES ANTRIM, BENZIE, GRAND TRAVERSE, KALKASKA, AND LEELANAU COUNTIES, AS WELL AS THE GRAND TRAVERSE BAND OF OTTAWA AND CHIPPEWA INDIANS, A FEDERALLY RECOGNIZED TRIBE.

Program 2
Expenses: $597,590

THE FOUNDATION PROVIDES SCHOLARSHIP AWARDS TO STUDENTS TO HELP THEM PURSUE CONTINUING EDUCATION OPPORTUNITIES IN EITHER A TRADITIONAL COLLEGE ENVIRONMENT OR AT A TECHNICAL OR TRADE SCHOOL...

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THE FOUNDATION PROVIDES SCHOLARSHIP AWARDS TO STUDENTS TO HELP THEM PURSUE CONTINUING EDUCATION OPPORTUNITIES IN EITHER A TRADITIONAL COLLEGE ENVIRONMENT OR AT A TECHNICAL OR TRADE SCHOOL. SCHOLARSHIPS HELP PROMOTE THE FOUNDATION'S FOCUS AREAS OF EDUCATION AND YOUTH. IN 2024, THERE WERE 223 SCHOLARSHIP RECIPIENTS.

Program 3
Expenses: $117,236

THE FOUNDATION PLAYS A COLLABORATIVE LEADERSHIP ROLE IN THE REGION. THIS INCLUDES CONVENING CROSS-SECTOR LEADERS TO DEVELOP AND IMPLEMENT A COMMUNITY DEVELOPMENT COALITION TO MOVE THE NEEDLE IN AREAS...

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THE FOUNDATION PLAYS A COLLABORATIVE LEADERSHIP ROLE IN THE REGION. THIS INCLUDES CONVENING CROSS-SECTOR LEADERS TO DEVELOP AND IMPLEMENT A COMMUNITY DEVELOPMENT COALITION TO MOVE THE NEEDLE IN AREAS OF GREATEST NEED BY WORKING TOGETHER. IN 2024, THIS WORK INCLUDED CONVENING AND FACILITATING A CONVERSATION AROUND ADDRESSING HOMELESSNESS IN THE REGION, INCLUDING GRANTS FOR SANITARY FACILITIES AT AN ENCAMPMENT; PUBLIC POLICY ADVOCACY; AND AWARDING GRANTS TO YOUTH ORGANIZATIONS IMPLEMENTING RECOMMENDATIONS FROM THE 2023 YOUTH WELLNESS INITIATIVE PROJECT, WHICH IDENTIFIED NEEDS AND OPPORTUNITIES FOR SUPPORT RELATED TO YOUTH MENTAL HEALTH AND WELL-BEING.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,678,180
Program Service Revenue $0
Investment Income $7,187,127
Other Revenue $0
TOTAL REVENUE $9,865,307

Expense Breakdown

Grants Paid $3,766,943
Salaries & Benefits $1,131,140
Fundraising Expenses $690,792
Program Expenses $4,287,187
Other Expenses $543,614
TOTAL EXPENSES $5,441,697

Year-over-Year Comparison

2024 2023 Change
Revenue $9,865,307 $4,933,351 +1.0%
Expenses $5,441,697 $5,203,080 +0.0%
Net Income $4,423,610 $-269,729 -17.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
31
Independent Members
31
Employees
11
Volunteers
200

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
5
$170,180
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY RING CHAIR 2.00
Officer Director
$0 $0 $0
LAURA ASIALA VICE CHAIR 2.00
Officer Director
$0 $0 $0
BETH DUNCKEL TREASURER 2.00
Officer Director
$0 $0 $0
CASH COOK SECRETARY 2.00
Officer Director
$0 $0 $0
JURGEN GRISWOLD DIRECTOR 1.00
Director
$0 $0 $0
MARK IRWIN DIRECTOR 1.00
Director
$0 $0 $0
BARBARA MATTHEWS DIRECTOR 1.00
Director
$0 $0 $0
DAN PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
ROYCE RAGLAND DIRECTOR 1.00
Director
$0 $0 $0
MEGAN ROYLE CARRELLA DIRECTOR 1.00
Director
$0 $0 $0
ELISE LOUD DIRECTOR 1.00
Director
$0 $0 $0
LARIS GALEJS DIRECTOR 1.00
Director
$0 $0 $0
PHYLLIS KLADDER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS MACINNES DIRECTOR 1.00
Director
$0 $0 $0
CAROL MARSH DIRECTOR 1.00
Director
$0 $0 $0
ANN STREHLE DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE MILLER ALLEN DIRECTOR 1.00
Director
$0 $0 $0
JOHN BERCINI DIRECTOR 1.00
Director
$0 $0 $0
ANNIE DEVRIES DIRECTOR 1.00
Director
$0 $0 $0
DAMIAN LOCKHART DIRECTOR 1.00
Director
$0 $0 $0
RACHAEL BIRGY DIRECTOR 1.00
Director
$0 $0 $0
LAUREN CLARK DIRECTOR 1.00
Director
$0 $0 $0
RICK HEITMEYER DIRECTOR 1.00
Director
$0 $0 $0
CARI JO ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
ANDI HALPIN DIRECTOR 1.00
Director
$0 $0 $0
TERRY BEAMSLEY DIRECTOR 1.00
Director
$0 $0 $0
MARSHALL COLLINS DIRECTOR 1.00
Director
$0 $0 $0
KIRA DAVIS DIRECTOR 1.00
Director
$0 $0 $0
EDWARD LANPHIER DIRECTOR 1.00
Director
$0 $0 $0
RANVE MARTINSON DIRECTOR 1.00
Director
$0 $0 $0
LARRY NELSON DIRECTOR 1.00
Director
$0 $0 $0
DAVE MENGEBIER PRESIDENT AND CHIEF EXECUT 40.00
Officer
$157,759 $12,421 $170,180
ALISON METIVA CHIEF OPERATING OFFICER 40.00
Highest
$118,024 $9,242 $127,266
STEVEN WADE VICE PRESIDENT COMMUNITY IMPACT 40.00
Highest
$101,122 $7,890 $109,012
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
2025 No data No data No data No data
2024 $9,865,307 $5,441,697 $105,417,500 $4,423,610
2023 $4,933,351 $5,203,080 $96,120,361 $-269,729
2022 $5,051,685 $4,956,807 $86,232,237 $94,878
2021 $9,434,552 $4,743,236 $104,188,633 $4,691,316
2020 $17,926,283 $5,129,814 $90,284,879 $12,796,469
2019 $4,928,465 $4,630,638 $68,084,092 $297,827
2018 $6,729,928 $3,742,411 $57,929,076 $2,987,517
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