2025-02-14T10:03:53-06:00 2024-03-31 861065772 DELOITTE TAX LLP 37 OTTAWA AVENUE NW SUITE 600 GRAND RAPIDS MI 49503 990 2023-04-01 383147133 GRAND ACTION FOUNDATION 20 GRAN 6162636600 125 OTTAWA AVE NW SUITE 152 GRAND RAPIDS MI 49503 THOMAS G WELCH TREASURER 6162636600 2025-02-14 1 1 KEVIN T JEAKLE P00358470 6163367900 2023 2025-03-06 01:10:19Z RICHARD DEVOS JR 125 OTTAWA AVE NW SUITE 152 GRAND RAPIDS MI 49503 23573841 0 X WWW.GRANDACTION.ORG X 1993 MI TO PROMOTE ECONOMIC & CULTURAL DEVELOPMENT OF GRAND RAPIDS, MI 4 3 0 54 0 0 2963399 23155982 0 0 82127 417859 0 0 3045526 23573841 0 0 0 0 327857 308479 0 0 42000 2421798 13095355 2749655 13403834 295871 10170007 21400941 44255004 20745240 42209900 655701 2045104 X TO PROMOTE ECONOMIC AND CULTURAL DEVELOPMENT OF GRAND RAPIDS, MICHIGAN 0 0 13109745 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'S WORK IS NEARING COMPLETION FOR THE PLANNING AND DESIGN FOR TWO PROJECTS, A DOWNTOWN AMPHITHEATER AND A SOCCER STADIUM. THE PROJECTS ARE IN THE LATE 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. 13109745 1 1 0 1 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 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 7 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 KARA WOOD EXECUTIVE DIRECTOR 40.00 X X 198028 0 16884 198028 0 16884 1 0 1 0 PROGRESSIVE AE 1811 4 MILE RD NE GRAND RAPIDS MI 49525 PROJECT CONSULTANT 5846095 MATERIALS TESTING CONSULTANTS INC 693 PLYMOUTH AVE NE GRAND RAPIDS MI 49505 PROJECT CONSULTANT 529781 THE CONCORD GROUP 300 OTTAWA AVE NW SUITE 230 GRAND RAPIDS MI 49503 PROJECT CONSULTANT 374030 WARNER NORCROSS JUDD LLP 1500 WARNER BUILDING 150 OTTAWA AV GRAND RAPIDS MI 49503 LEGAL SERVICES 232668 WINDQUEST GROUP INC 201 MONROE AVE NW SUITE 500 GRAND RAPIDS MI 49503 PAYROLL 144244 5 5389232 17766750 23155982 417859 417859 23573841 0 0 417859 X 218753 126000 50753 42000 57250 57250 2180 2180 12596 12596 17700 17700 60000 60000 12979309 12923745 55564 23658 23658 25668 25668 MISCELLANEOUS 6720 6720 13403834 13109745 252089 42000 5795684 13154617 15551711 31067841 53546 32546 21400941 44255004 689789 4103977 20001904 38073378 53547 32545 20745240 42209900 X 655701 2045104 655701 2045104 21400941 44255004 X 10170007 -8780604 X 0 1 X 1 0 X 350000 1400215 125000 2963399 23155982 27994596 350000 1400215 125000 2963399 23155982 27994596 11570431 16424165 1581 503 941 82127 417859 503011 28497607 0.57630 0.25970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 60000 0 0 60000 0 SCHEDULE C, PART II-B, LN. 1 GRAND ACTION FOUNDATION 2.0 HIRED AN INDEPENDENT CONTRACTOR TO ENGAGE WITH LAWMAKERS IN EDUCATIONAL EFFORTS RELATED TO OUR ECONOMIC DEVELOPMENT MISSION AND SUPPORT THE ADVANCEMENT OF NON-PARTISAN PUBLIC POLICY THAT SUPPORTS GRAND ACTION FOUNDATION 2.0'S TAX-EXEMPT PURPOSE, TO WORK WITH GOVERNMENTAL BODIES, PUBLIC-PRIVATE PARTNERSHIPS, NON-PROFIT ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, COMMUNITY LEADERS AND THE GENERAL PUBLIC IN PLANNING, PROMOTING, DEVELOPING, ORGANIZING AND OVERSEEING THE REALIZATION OF CIVIC, CULTURAL, EDUCATIONAL, SCIENTIFIC, AND ENTERTAINMENT FACILITIES THAT FOSTER SUPPORT, ENCOURAGEMENT AND REINFORCEMENT OF ECONOMIC, SOCIAL AND CULTURAL DEVELOPMENT IN GRAND RAPIDS. 0 1 X 0 SHORT TERM LEASE LIABILITY 21555 LONG TERM LEASE LIABILITY 10990 32545 1831243 21752 21752 1809491 21764350 21764350 23573841 441840 21752 21752 420088 12983746 12983746 13403834 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 21,764,350. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT FOR FINANCIAL STATEMENT PURPOSES UNDER ASC 958 12,983,746. X 0 0 0 0 0 0 0 0 0 KARA WOOD EXECUTIVE DIRECTOR 198028 0 0 0 0 0 10352 0 6532 0 214912 0 0 0 WINDQUEST GROUP INC AT LEAST 35% CONTROLLED ENTITY OF AN OFFICER OF THE FOUNDATION 295883 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 55,564. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,564. PROJECT SERVICE EXPENSES FOR CONSULTING COSTS - SOCCER STADIUM: PROGRAM SERVICE EXPENSES 5,093,581. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,093,581. PROJECT SERVICE EXPENSES FOR CONSULTING COSTS - AMPHITHEATRE PROJECT: PROGRAM SERVICE EXPENSES 7,830,164. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,830,164. FORM 990, PART XI, LINE 9: CONTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT REPORTABLE FOR FINANCIAL -21,764,350. DISTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT REPORTABLE FOR FINANCIAL 12,983,746. 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