TOTAL REVENUE - FISCAL 2025
$45,292,051
Up 1439.8% from $2,941,338 in fiscal 2024.
Lj Midge Verplank Community Impact Fund
Grand Haven, Michigan - EIN 85-1633335 - Latest filing: fiscal 2025 (Jan 1, 2025 - Dec 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Sep 22, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Sep 22, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Lj Midge Verplank Community Impact Fund reported $45,292,051 in revenue and $594,302 in expenses in fiscal 2025, a surplus of $44,697,749 for the year. Program services took $500,494 of expenses, or 84.2%. The organization closed the year with $52,700,228 in net assets - about 1064.1 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$594,302
Revenue minus expenses: $44,697,749 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
84.2%
$500,494 of $594,302 went to program services.
NET ASSETS - END OF FISCAL 2025
$52,700,228
Total assets $52,700,228 minus total liabilities $0.
PEOPLE REPORTED - FISCAL 2025
0 Employees
Plus 3 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Sep 22, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.00 - $0 in fundraising expenses divided by $45,002,304 in total contributions.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $45,002,304 |
| All Other Contributions | $45,002,304 |
| Program Service Revenue | $0 |
| Investment Income | $289,747 |
| Other Revenue | $0 |
| Total Revenue (All Sources) | $45,292,051 |
Government Grants - Not Broken Out
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
1064.1 Months
of reserves - $52,700,228 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $49,525 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $52,700,228 |
| Total Liabilities | $0 |
| Liabilities as Share of Assets | 0.0% |
| Net Assets | $52,700,228 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Sep 22, 2026.
No compensation was reported for any officer, director, trustee or key employee on the fiscal-2025 Form 990. Everyone named on the filing served without pay from the organization, as reported.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Sep 22, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
3 voting members, 3 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Barbara Vanheest | Chair |
| Rob Peel | Secretary |
| Thomas Creswell | Treasurer |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence3 voting / 3 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $500,494 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Shoreline Foundation For High School Sailing SHORELINE SAILING FOUNDATION - C420 FLEET ADDITIONS | $62,128 |
| Village Of Spring Lake CENTRAL PARK REDEVELOPMENT PROJECT | $50,000 |
| Out Side In Inc COMMUNITY IMPACT - OUT SIDE IN | $16,500 |
| Lakeshore Advantage Foundation POWERING OUR FUTURE: THE NEXT LAKESHORE GENERATION | $50,000 |
| Gracious Grounds INDEPENDENT LIVING PROGRAM FUNDING | $15,000 |
| Harbor Hospice Foundation THE LEILA & CYRUS POPPEN HOSPICE RESIDENCE | $40,000 |
| Community Foundation For Muskegon County WELCOME HOME SCHOLARSHIP SUPPORT | $15,000 |
| Love In Action THE LOVE IN ACTION STOREHOUSE | $20,000 |
| The Little Red House PARTICIPANT SEATING REUPHOLSTERING PROJECT | $8,176 |
| Agewell Services Of West Michigan 5 MILLION MEALS STRONG | $40,000 |
| Kids Food Basket EXPANDING FOOD AND NUTRITION SECURITY | $60,000 |
| Spring Lake Crew Club Inc SPRING LAKE CREW CLUB BOATHOUSE BUILDING PROJECT | $14,600 |
| Talentfirst (Talent 2025) SPONSOR EARLY LITERACY SUPPORT | $16,000 |
| Ottawa County Parks Foundation FULFILLING THE ROSY MOUND VISION CAMPAIGN | $51,000 |
| Grand Haven Area Community Foundation 3W234w GRANT MAKING | $42,090 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $2,941,338 | - |
| Fiscal 2025 | $45,292,051 | +1439.8% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jan 1, 2025 - Dec 31, 2025 | Form 990 | In Force - Filed Sep 22, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.