Great Lakes Cities Initiative
- Assets
- $777.7k
- Revenue
- $830.0k
- Investments
- $0.0
- Employees
- 4
- Location
- New Lenox, IL
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-1628958
Organization Overview
Great Lakes Cities Initiative is located in New Lenox, IL. The organization was established in 2006. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Great Lakes Cities Initiative employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Cities Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Great Lakes Cities Initiative generated $830.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $436.3k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORK WITH LOCAL GOVERNMENTS FOR PROTECTION AND RESTORATION OF GREAT LAKES AND ST. LAWRENCE RIVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS SUPPORTING THE ORGANIZATION'S MISSION INCLUDING: 1) ESTABLISH A GREAT LAKES CITIES INITIATIVE, UNDER WHICH MAYORS WILL WORK JOINTLY TO ADVANCE THE RESTORATION AND PROTECTION OF THE GREAT LAKES ECOSYSTEM; 2) SEEK PARTNERSHIPS AND COLLABORATE WITH OTHER LEVELS OF GOVERNMENT, VARIOUS COMMISSIONS AND PANELS, AND OTHER ORGANIZATIONS INVOLVED IN GREAT LAKES ISSUES; 3) IMPLEMENT AND ADVANCE EXISTING MAYORAL INITIATIVES CONCERNING THE GREAT LAKES; 4) CALL UPON THE U.S. CONGRESS AND CANADIAN PARLIAMENT TO APPROPRIATE FUNDS FOR THE DEVELOPMENT, BY AN INDEPENDENT PANEL OF SCIENCE AND POLICY EXPERTS. WHICH INCLUDE THE MEMBER MAYORS AND DELIVER A DETAILED PLAN FOR THE PROTECTION AND RESTORATION OF THE GREAT LAKES. THIS PLAN WILL BE UPDATED AS VARIOUS ISSUES ARISE AND WILL SERVE AS A BLUEPRINT TO GUIDE AGREED-UPON FUTURE LEGISLATIVE AND APPROPRIATIONS ACTIVITIES THAT RESTORE AND PROTECT THE GREAT LAKES ECOSYSTEM; 5) IDENTIFY, EVALUATE. HIGHLIGHT AND SHARE INFORMATION WITH EACH OTHER ABOUT SUCCESSFUL LOCAL INITIATIVES THAT PROTECT AND RESTORE THE GREAT LAKES ECOSYSTEM WHILE ENCOURAGING THE VITALITY OF GREAT LAKES COMMUNITIES; 6) CONTINUE TO MEET, COMMUNICATE AND SHARE IDEAS ABOUT THE VARIOUS ISSUES THE MEMBER CITIES ARE EXPERIENCING IN ORDER TO ADVANCE THE MUCH NEEDED KNOWLEDGE, UNDERSTANDING AND SOLUTIONS OF SAID ISSUES, WITH THE GOAL OF CREATING AS EXPEDITIOUSLY AS POSSIBLE, COMPREHENSIVE SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Altenberg Executive Director | Officer | 40 | $141,547 |
Mayor Billy Mckinney Vice Chair | OfficerTrustee | 1 | $0 |
Mayor Gino Moretti Secretary | OfficerTrustee | 1 | $0 |
Mayor Walter Sendzik Chair | OfficerTrustee | 1 | $0 |
Mayor George Cornell Treasurer | OfficerTrustee | 1 | $0 |
Mayor Justin Bibb Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $174,218 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $550,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $830,011 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,547 |
| Compensation of current officers, directors, key employees. | $20,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,135 |
| Pension plan accruals and contributions | $5,770 |
| Other employee benefits | $2,000 |
| Payroll taxes | $24,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,575 |
| Fees for services: Accounting | $22,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,351 |
| Advertising and promotion | $0 |
| Office expenses | $13,083 |
| Information technology | $6,278 |
| Royalties | $0 |
| Occupancy | $34,667 |
| Travel | $4,550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,000 |
| Insurance | $4,476 |
| All other expenses | $1,052 |
| Total functional expenses | $436,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,048 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,685 |
| Accounts payable and accrued expenses | $4,489 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,489 |
| Net assets without donor restrictions | $773,196 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $777,685 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Great Lakes Cities Initiative has recieved totaling $317,000.
| Awarding Organization | Amount |
|---|---|
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT AN ORGANIZATION WHOSE MISSION IS TO ADVANCE THE PROTECTION AND RESTORATION OF THE GREAT LAKES AND ST. LAWRENCE RIVER ECOSYSTEM. | $125,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: CONVENING WISCONSIN'S LAKE MICHIGAN MAYORS TO ADVANCE COASTAL PRIORITIES | $96,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: CONVENING WISCONSIN'S LAKE MICHIGAN MAYORS TO ADVANCE COASTAL PRIORITIES | $96,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |