2024-02-15T10:36:56-06:00 2023-03-31 861065772 DELOITTE TAX LLP 37 OTTAWA AVENUE NW SUITE 600 GRAND RAPIDS MI 49503 990 2022-04-01 383147133 GRAND ACTION FOUNDATION 20 GRAN 6162636600 125 OTTAWA AVE NW SUITE 152 GRAND RAPIDS MI 49503 THOMAS G WELCH TREASURER 6162636600 2024-02-15 1 THOMAS WELCH 999009999 1 KEVIN T JEAKLE P00358470 6163367900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD DEVOS JR 125 OTTAWA AVE NW SUITE 152 GRAND RAPIDS MI 49503 3045526 0 X WWW.GRANDACTION.ORG X 1993 MI TO PROMOTE ECONOMIC & CULTURAL DEVELOPMENT OF GRAND RAPIDS, MI 4 3 0 14 0 0 125000 2963399 0 0 941 82127 0 0 125941 3045526 0 0 0 0 199887 327857 0 0 30000 245734 2421798 445621 2749655 -319680 295871 828035 21400941 4613 20745240 823422 655701 X TO PROMOTE ECONOMIC AND CULTURAL DEVELOPMENT OF GRAND RAPIDS, MICHIGAN 0 0 2450544 AS PART OF THE 2.0 LAUNCH, GRAND ACTION FOUNDATION HAS REENGAGED CONVENTION SPORTS AND LEISURE INTERNATIONAL (CSL) TO PROVIDE UPDATES ON INITIATIVES AND RECOMMENDATIONS WHICH WERE IDENTIFIED IN THE ORIGINAL DESTINATION ASSET STUDY CONDUCTED FOUR YEARS AGO. THE PROJECTS IDENTIFIED INCLUDE PENDING OPPORTUNITIES FOR EXPLORATION AS FUTURE GRAND ACTION PROJECTS WHICH MAY CONSIST OF: AN EXPANSION OF DEVOS PLACE, THE CONSTRUCTION OF AN OUTDOOR AMPHITHEATER, THE CONSTRUCTION OF A SOCCER/FIELD SPORTS ARENA, OR AN AERIAL TRANSPORTATION/GONDOLA PROJECT. THE RESEARCH WILL ASSIST GRAND ACTION IN DEVELOPING A PLAN AND STRATEGIES FOR FUTURE INVESTMENT IN DESTINATION ASSETS AND THE ECONOMIC DEVELOPMENT OF GRAND RAPIDS. GRAND ACTION FOUNDATION'S ROLE IS IN PROVIDING FINANCIAL SUPPORT FOR THESE STUDIES AND CONSTRUCTION OF POTENTIAL FUTURE PROJECTS.AS PART OF THIS PROCESS, GRAND ACTION FOUNDATION WILL CONTINUE TO WORK WITH GOVERNMENTAL BODIES, PUBLIC-PRIVATE PARTNERSHIPS, NONPROFIT ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, COMMUNITY LEADERS, AND THE GENERAL PUBLIC IN PLANNING, PROMOTING, DEVELOPING, ORGANIZING, AND OVERSEEING THE REALIZATION OF CIVIC, CULTURAL, EDUCATIONAL, SCIENTIFIC RESEARCH, AND ENTERTAINMENT FACILITIES, WITH A GOAL OF FOSTERING, SUPPORTING, ENCOURAGING, AND REINFORCING ECONOMIC, SOCIAL, AND CULTURAL DEVELOPMENT IN THE GREATER GRAND RAPIDS AREA AND IN THE SURROUNDING AREAS OF WEST MICHIGAN. GAF 2.0 HAS CONTINUED THE WORK OF PLANNING AND DESIGN FOR TWO PROJECTS, A DOWNTOWN AMPHITHEATER AND A SOCCER STADIUM. THE PROJECTS ARE IN THE EARLY STAGES OF DESIGN AND DEVELOPMENT AND GAF 2.0 IS CONTINUING TO ADVANCE DESIGN DEVELOPMENT OF THE TWO FACILITIES AS MILESTONES ARE ACHIEVED AND GAF 2.0 WILL CONTINUE TO PROVIDE FINANCIAL SUPPORT FOR THE STUDIES, DESIGN AND CONSTRUCTION OF THE TWO FACILITIES. 2450544 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MI X THOMAS G WELCH 6162636600 125 OTTAWA AVE NW SUITE 152 GRAND RAPIDS MI 49503 RICHARD DEVOS JR PRESIDENT 0.25 X X 0 0 0 CAROL VAN ANDEL SECRETARY 0.25 X X 0 0 0 THOMAS G WELCH JR TREASURER 1.00 X X 0 0 0 JON NUNN END 723 ASSISTANT SECRETARY AND AS 40.00 X X 134840 0 8365 KARA WOOD BEG 723 ASSISTANT SECRETARY AND AS 40.00 X X 88012 0 11411 222852 0 19776 1 0 0 0 PROGRESSIVE AE 1811 4 MILE RD NE GRAND RAPIDS MI 49525 PROJECT CONSULTANT 1324022 PMA CONSULTANTS LLC 801 WEST ANN ARBOR TRAIL SUITE 200 ANN ARBOR MI 48170 PROJECT CONSULTANT 390874 ROSSETTI CONSULTING GROUP 25 MICHIGAN ST NE SUITE 2000 GRAND RAPIDS MI 49503 PROJECT CONSULTANT 346177 WINDQUEST GROUP INC 201 MONROE AVE NW SUITE 500 GRAND RAPIDS MI 49503 PAYROLL 314585 4 763399 2200000 2963399 82127 82127 3045526 0 0 82127 X 269070 120000 119070 30000 23217 23217 769 769 13272 13272 21529 21529 2363805 2330544 33261 18440 18440 24246 24246 MISCELLANEOUS 15307 15307 2749655 2450544 269111 30000 803035 5795684 25000 15551711 0 53546 828035 21400941 4613 689789 0 20001904 0 53547 4613 20745240 X 698422 655701 125000 0 823422 655701 828035 21400941 X 295871 -463592 X 0 1 X 1 0 X 5741137 350000 1400215 125000 2963399 10579751 5741137 350000 1400215 125000 2963399 10579751 7809401 2770350 2180 1581 503 941 82127 87332 10667083 0.25970 0.27510 X GRAND ACTION FOUNDATION 2.0 MEETS THE REQUIREMENTS FOR THE FACTS AND CIRCUMSTANCES TEST BECAUSE 1) IT IS ORGANIZED AND OPERATED AS TO ATTRACT CONTINUOUS PUBLIC SUPPORT; 2) SERVES IN THE PUBLIC INTEREST; AND 3) MAKES ITS PROJECTS AVAILABLE TO THE PUBLIC. FIRST, AS A COMMUNITY PROJECT-BASED NON-PROFIT, PUBLIC FUNDRAISING IS A KEY COMPONENT OF EVERY PROJECT. THE FOUNDATION, ONCE A PROJECT IS IDENTIFIED, SOLICITS DONATIONS FROM ITS DONOR BASE, AND LOCAL BUSINESSES AND INDIVIDUALS. A FEW PROJECTS COMPLETED BASED ON THIS FUNDRAISING MODEL INCLUDE GRAND RAPIDS PUBLIC LANDMARKS SUCH AS THE VAN ANDEL ARENA, DEVOS PLACE, MSU MEDICAL CENTER AND THE DOWNTOWN MARKET. SECOND, THE FOUNDATION SERVES IN THE PUBLIC INTEREST BY HAVING ESTABLISHED GRAND ACTION 2.0, INC., THE OPERATIONAL ARM OF THE FOUNDATION. IT HAS AN EXECUTIVE AND ADVISORY COMMITTEE MADE UP OF A FEW KEY DONORS BUT PRIMARILY LOCAL BUSINESS AND COMMUNITY LEADERS. THESE INDIVIDUALS COME FROM A DIVERSE SET OF BACKGROUNDS AND HAVE A KEY VOICE IN EVALUATING THE PROJECTS THAT GRAND ACTION CHOOSES. THIRD, PROJECTS ARE CHOSEN BASED ON PUBLIC INPUT AND COMMUNITY NEEDS. ALSO, WITH MOST PROJECTS, GRAND ACTION WILL ALLOW FOR PUBLIC COMMENTS AND QUESTIONS AFTER THE PROJECT PLAN IS RELEASED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 SHORT TERM LEASE LIABILITY 21001 LONG TERM LEASE LIABILITY 32546 53547 275797 43670 43670 232127 2813399 2813399 3045526 443518 43670 43670 399848 2349807 2349807 2749655 PART IV, LINE 2B: DURING 2023, GRAND ACTION FOUNDATION 2.0 ("THE FOUNDATION") CONTINUED ITS MISSION TO RAISE FUNDS THROUGH PUBLIC AND PRIVATE DONORS TO DEVELOP SEVERAL PROJECTS WITHIN THE GREATER GRAND RAPIDS AREA AND SURROUNDING AREAS OF WEST MICHIGAN. TO FURTHER ITS PURPOSE, THE FOUNDATION ENTERED INTO AGREEMENTS WITH VARIOUS ORGANIZATIONS TO OBTAIN CONTRIBUTIONS FROM PRIVATE SOURCES FOR THE CONSTRUCTION OF VARIOUS PROJECTS. ACTING IN ITS CAPACITY AS AN INTERMEDIARY, THE FOUNDATION HELD FUNDS THAT WERE EARMARKED FOR SPECIFIC PROJECTS. AS A RESULT, THE FOUNDATION RECOGNIZES A LIABILITY FOR THE AMOUNTS OWED TO THE BENEFICIARIES OF THE DONATIONS PLEDGED AND COLLECTED. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT FOR FINANCIAL STATEMENT PURPOSES UNDER ASC 958 2,813,399. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT FOR FINANCIAL STATEMENT PURPOSES UNDER ASC 958 2,349,807. WINDQUEST GROUP INC AT LEAST 35% CONTROLLED ENTITY OF AN OFFICER OF THE FOUNDATION 314585 ENTITY IS THE EMPLOYEE LEASING FIRM FOR THE FOUNDATION WHICH ALSO ACTS AS THE PAYROLL/REPORTING AGENT 0 FORM 990, PART VI, SECTION B, LINE 11B TREASURER REVIEWS FORM 990 BEFORE SIGNING. AFTER COMPLETION, A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING THE TAX RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS THAT ARE REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES - PROJECT CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 33,261. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,261. PROJECT SERVICE EXPENSES FOR CONSULTING COSTS - SOCCER STADIUM: PROGRAM SERVICE EXPENSES 945,970. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 945,970. PROJECT SERVICE EXPENSES FOR CONSULTING COSTS - AMPHITHEATRE PROJECT: PROGRAM SERVICE EXPENSES 1,384,574. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,384,574. FORM 990, PART XI, LINE 9: DISTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT REPORTABLE FOR FINANCIAL -2,813,399. CONTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT REPORTABLE FOR FINANCIAL 2,349,807. GRAND ACTION 20 125 OTTAWA AVE NW SUITE 152 GRAND RAPIDS MI 49503 383106631 DEVELOPER FOR THE GREATER GRAND RAPIDS AREA MI N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0