The Steve & Amy Van Andel Foundation

The Steve & Amy Van Andel Foundation consistently expends more than its annual revenue, drawing from a substantial and growing asset base to fund its philanthropic activities.

EIN: 202110604 · Ada, MI · NTEE: T22 · Updated: 2026-03-28

$21.7MRevenue

$102.3MAssets

85/100Mission Score (Excellent)

T22

About The Steve & Amy Van Andel Foundation

The Steve & Amy Van Andel Foundation (EIN: 202110604) is a nonprofit organization based in Ada, MI, classified under NTEE code T22. The organization reported total revenue of $21.7M and total assets of $102.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Steve & Amy Van Andel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Steve & Amy Van Andel Foundation demonstrates a consistent pattern of significant grantmaking, often exceeding its annual revenue in recent years, indicating a reliance on its substantial asset base. For instance, in 2023, expenses were $8,604,236 against revenues of $3,867,462. This suggests a foundation actively distributing funds, rather than primarily accumulating them. The organization maintains a robust asset base, growing from $56,607,399 in 2011 to $99,226,020 in 2023, which provides long-term stability for its philanthropic activities. The absence of reported officer compensation across all filings indicates a lean administrative structure regarding executive pay, contributing to spending efficiency.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is challenging. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary function is to make grants, which typically means a high proportion of expenses should be program-related (grants paid). The foundation's financial health appears strong, with assets significantly outweighing liabilities, ensuring its capacity to fulfill its mission over time. The consistent filing of IRS Form 990s demonstrates a commitment to regulatory transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Steve & Amy Van Andel Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, The Steve & Amy Van Andel Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves without direct salary from the foundation or that compensation is covered by other means, which is a positive indicator for resource allocation directly to its mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for The Steve & Amy Van Andel Foundation:

Substantial and growing asset base ($102,271,034 latest assets) providing long-term stability.
Consistent history of making significant distributions, often exceeding annual revenue, indicating active philanthropy.
Zero reported officer compensation across all filings, suggesting efficient use of funds for mission-related activities.
Consistent IRS 990 filing history, demonstrating regulatory compliance and transparency.

Frequently Asked Questions about The Steve & Amy Van Andel Foundation

How does the foundation sustain its operations when expenses frequently exceed revenue?

The foundation sustains its operations by drawing from its substantial asset base, which has grown from $56.6 million in 2011 to $99.2 million in 2023. This allows it to make significant distributions even when annual revenue is lower than expenses, as seen in 2023 where expenses were $8.6 million against $3.8 million in revenue.

What is the primary focus of the foundation's grantmaking?

Based on the NTEE code T22 (Private Grantmaking Foundations), the primary focus is making grants to other organizations or individuals, aligning with its role as a philanthropic entity.

Is the foundation financially stable for the long term?

Yes, with assets of $102,271,034 and relatively low liabilities, the foundation appears financially stable and well-positioned to continue its philanthropic activities for the long term.

Filing History

IRS 990 filing history for The Steve & Amy Van Andel Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), The Steve & Amy Van Andel Foundation's revenue has declined by 47.8%, moving from $7.4M to $3.9M. Total assets increased by 75.3% over the same period, from $56.6M to $99.2M. Total functional expenses rose by 65.4%, from $5.2M to $8.6M. In its most recent filing year (2023), The Steve & Amy Van Andel Foundation reported a deficit of $4.7M, with expenses exceeding revenue. The organization holds $23K in liabilities against $99.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $99.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.9M	$8.6M	$99.2M	$23K	—	—
2022	$4.4M	$7.8M	$97.8M	$20K	—	—
2021	$8.5M	$9.4M	$111.0M	$21K	—	View 990
2020	$6.9M	$7.8M	$109.7M	$7K	—	View 990
2019	$16.4M	$7.8M	$109.5M	$6K	—	—
2015	$2.4M	$3.3M	$69.9M	$8K	—	View 990
2014	$3.6M	$2.8M	$72.7M	$6K	—	View 990
2013	$2.9M	$4.2M	$71.8M	$5K	—	View 990
2012	$31.0M	$11.2M	$71.0M	$5K	—	View 990
2011	$7.4M	$5.2M	$56.6M	$21K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.9M, expenses of $8.6M, and assets of $99.2M (revenue -11.9% year-over-year).
2022: Revenue of $4.4M, expenses of $7.8M, and assets of $97.8M (revenue -48.4% year-over-year).
2021: Revenue of $8.5M, expenses of $9.4M, and assets of $111.0M (revenue +23.1% year-over-year).
2020: Revenue of $6.9M, expenses of $7.8M, and assets of $109.7M (revenue -57.8% year-over-year).
2019: Revenue of $16.4M, expenses of $7.8M, and assets of $109.5M (revenue +593.5% year-over-year).
2015: Revenue of $2.4M, expenses of $3.3M, and assets of $69.9M (revenue -35.2% year-over-year).
2014: Revenue of $3.6M, expenses of $2.8M, and assets of $72.7M (revenue +25.6% year-over-year).
2013: Revenue of $2.9M, expenses of $4.2M, and assets of $71.8M (revenue -90.6% year-over-year).
2012: Revenue of $31.0M, expenses of $11.2M, and assets of $71.0M (revenue +318.6% year-over-year).
2011: Revenue of $7.4M, expenses of $5.2M, and assets of $56.6M.

Data Sources and Methodology

This transparency report for The Steve & Amy Van Andel Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.