2026-02-11T01:07:25-06:00 2025-03-31 861065772 DELOITTE TAX LLP 37 OTTAWA AVENUE NW SUITE 600 GRAND RAPIDS MI 49503 990 2024-04-01 383147133 GRAND ACTION FOUNDATION 20 GRAN 6162636600 125 OTTAWA AVE NW SUITE 152 GRAND RAPIDS MI 49503 THOMAS G WELCH TREASURER 6162636600 2026-02-10 1 1 KEVIN T JEAKLE P00358470 6163367900 2024 2025-03-06 01:10:19Z RICHARD DEVOS JR 125 OTTAWA AVE NW SUITE 152 GRAND RAPIDS MI 49503 49208375 0 X WWW.GRANDACTION.ORG X 1993 MI TO PROMOTE ECONOMIC & CULTURAL DEVELOPMENT OF GRAND RAPIDS, MI 4 3 0 44 0 0 23155982 48589060 0 0 417859 619315 0 0 23573841 49208375 0 0 0 0 308479 321661 0 0 42000 13095355 71138520 13403834 71460181 10170007 -22251806 44255004 88460680 42209900 85609345 2045104 2851335 X TO PROMOTE ECONOMIC AND CULTURAL DEVELOPMENT OF GRAND RAPIDS, MICHIGAN 0 0 71154013 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. 71154013 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 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 1 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 210354 0 17472 210354 0 17472 1 0 1 0 PIONEER CONSTRUCTION 550 KIRTLAND ST SW GRAND RAPIDS MI 49507 PROJECT CONSTRUCTION 33111579 PROGRESSIVE AE 1811 4 MILE RD NE GRAND RAPIDS MI 49525 PROJECT CONSULTANT 7109960 MATERIALS TESTING CONSULTANTS INC 693 PLYMOUTH AVE NE GRAND RAPIDS MI 49505 PROJECT CONSULTANT 521832 THE CONCORD GROUP 300 OTTAWA AVE NW SUITE 230 GRAND RAPIDS MI 49503 PROJECT CONSULTANT 354377 ROCKFORD CONSTRUCTION 601 FIRST ST NW GRAND RAPIDS MI 49504 PROJECT CONSULTANT 345000 11 37793398 10795662 48589060 619315 619315 49208375 0 0 619315 X 228557 126000 60557 42000 60630 60630 859 859 13137 13137 18478 18478 71079760 71028013 51747 30983 30983 26453 26453 MISCELLANEOUS 1324 1324 71460181 71154013 264168 42000 13154617 12183856 31067841 76262043 32546 14781 44255004 88460680 4103977 18812978 38073378 66784559 32545 11808 42209900 85609345 X 2045104 2851335 2045104 2851335 44255004 88460680 X -22251806 23058037 X 0 1 X 1 0 X 1400215 125000 2963399 23155982 48589060 76233656 1400215 125000 2963399 23155982 48589060 76233656 6424560 69809096 503 941 82127 417859 619315 1120745 77354401 0.90250 0.57630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 SHORT TERM LEASE LIABILITY 10990 ACCRUED GOODS & SERVICES 818 11808 1239232 5333 5333 1233899 47974476 47974476 49208375 433001 5333 5333 427668 71032513 71032513 71460181 PART IV, LINE 2B: DURING 2024, 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 47,974,476. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT FOR FINANCIAL STATEMENT PURPOSES UNDER ASC 958 71,032,513. X 0 0 0 0 0 0 0 0 0 KARA WOOD EXECUTIVE DIRECTOR 210354 0 0 0 0 0 10884 0 6588 0 227826 0 0 0 WINDQUEST GROUP INC AT LEAST 35% CONTROLLED ENTITY OF AN OFFICER OF THE FOUNDATION 308524 ENTITY IS THE EMPLOYEE LEASING FIRM FOR THE FOUNDATION WHICH ALSO ACTS AS THE PAYROLL/REPORTING AGENT 0 FORM 990, PART VI, SECTION A, LINE 2 RICHARD DEVOS, JR. AND CAROL VAN ANDEL HAVE A BUSINESS RELATIONSHIP. 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 51,747. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,747. PROJECT SERVICE EXPENSES FOR CONSULTING COSTS - SOCCER STADIUM: PROGRAM SERVICE EXPENSES 3,539,597. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,539,597. PROJECT SERVICE EXPENSES FOR CONSULTING COSTS - AMPHITHEATRE PROJECT: PROGRAM SERVICE EXPENSES 67,488,416. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,488,416. FORM 990, PART XI, LINE 9: CONTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT REPORTABLE FOR FINANCIAL -47,974,476. DISTRIBUTIONS RECOGNIZED FOR TAX PURPOSES BUT NOT REPORTABLE FOR FINANCIAL 71,032,513. 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