Grand Traverse Industries Inc
- Assets
- $4.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 319
- Location
- Traverse City, MI
- Founding
- 09/1981
- Data as of
- 09/2020
- EIN
- 38-2090521
Organization Overview
Grand Traverse Industries Inc is located in Traverse City, MI. The organization was established in 1981. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 09/2021, Grand Traverse Industries Inc employed 319 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Traverse Industries Inc 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 09/2020, Grand Traverse Industries Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.5m during the year ending 09/2020. While expenses have increased by 0.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GRAND TRAVERSE INDUSTRIES FIERCELY ADVOCATES, STRENGTHENS AND ADVANCES THE DIGNITY AND OPPORTUNITIES OF PEOPLE WITH DISABILITIES, THROUGH SERVICES AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OOUR PLASTIC BAG MANUFACTURING PROGRAM EXPERIENCED A 5% GROWTH IN REVENUE DURING FISCAL YEAR 2021 IN COMPARISON WITH THE PRIOR YEAR. THE GROWTH SUPPORTED AN INCREASE IN CLIENT WAGES OF NEARLY 50% DURING 2021 OVER THE PRIOR YEAR. CLIENT PARTICIPATION GREW EACH MONTH DURING THE YEAR WITH A TOTAL OF 48 DISABLED ADULT CLIENTS EARNING PAYCHECKS WORKING IN OUR PLASTIC BAG MANUFACTURING FACILITY. REVENUE GENERATED FROM OUR PACKAGING AND ASSEMBLY OPERATIONS INCREASED BY 62% IN COMPARISON WITH THE PRIOR YEAR PROVIDING FOR A SIGNIFICANT INCREASE IN CLIENT WORK AND PAYCHECKS. REHABILITATION SERVICE REVENUE PROVIDED BY LOCAL COMMUNITY HEALTH ORGANIZATIONS ALSO INCREASED YEAR-TO-YEAR DUE TO FAVORABLE RATE NEGOTIATIONS WHICH ALLOWED FOR CONTINUOUS SUPPORT OF ALL PROGRAMS AND SERVICES OFFERED BY OUR ORGANIZATION DESPITE FLUCTUATIONS IN CLIENT ATTENDANCE RELATED TO THE COVID-19 PANDEMIC. WE EXPERIENCED FEWER DISRUPTIONS IN OPERATIONS RELATED TO THE PANDEMIC AND ACCORDINGLY THE MONTHLY AVERAGE NUMBER OF CLIENTS ON PAYROLL INCREASED BY 16% OR 21 EMPLOYEES PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Perdue Former President & CEO | Officer | 80 | $130,787 |
Cindy Evans Ceo/executive Director | Officer | 80 | $62,647 |
Teri Brown-Kunzelman Treasurer | OfficerTrustee | 1 | $0 |
Jess L Ashmore Secretary | OfficerTrustee | 1 | $0 |
Ron Lemcool Chairperson | OfficerTrustee | 1 | $0 |
Laurie Schnell Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,241 |
| Investment income | $5,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $107,240 |
| Net Gain/Loss on Asset Sales | -$4,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $153,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,701,479 |
| Statement of Expenses | |
|---|---|
| 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. | $144,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,210,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $316,204 |
| Payroll taxes | $220,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $538 |
| Office expenses | $27,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,866 |
| Insurance | $54,719 |
| All other expenses | $0 |
| Total functional expenses | $3,467,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $585,933 |
| Loans from Officers, Directors, or Controlling Persons | $131,975 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $232,514 |
| Prepaid expenses and deferred charges | $83,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$103,967 |
| Total assets | $4,276,874 |
| Accounts payable and accrued expenses | $404,041 |
| 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 | $1,250,815 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,430 |
| Total liabilities | $1,742,286 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,534,588 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grand Traverse Industries Inc has recieved totaling $32,449.
| Awarding Organization | Amount |
|---|---|
Sourceamerica Vienna, VA PURPOSE: GROWTH, TECHNOLOGY, & MODERNIZATION, NPA TRAINING VOUCHERS GRANTS | $29,949 |
Dte Energy Foundation Detroit, MI PURPOSE: ECONOMIC PROGRESS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Work Skills Corporation Brighton, MI | $12,915,306 | $19,905,891 |
Easter Seals Tristate Cincinnati, OH | $28,695,386 | $25,913,475 |
New Horizons Rehabilitation Services Inc Auburn Hills, MI | $18,392,704 | $14,428,866 |
Opportunities Inc Of Jefferson County Fort Atkinson, WI | $79,445,205 | $15,358,946 |
Opportunity Development Centers Inc Wisconsin Rapids, WI | $10,220,285 | $10,954,753 |
Southern Indiana Resource Solutions Inc Boonville, IN | $5,969,301 | $8,999,588 |
Vocational Guidance Services Cleveland, OH | $23,016,437 | $6,003,961 |
Societys Assets Incorporated Racine, WI | $11,118,310 | $8,553,625 |
Curative Connections Inc Green Bay, WI | $19,895,448 | $6,618,448 |
Valley Packaging Industries Inc Appleton, WI | $12,213,059 | $6,632,658 |
Mid-Michigan Industries Inc Mt Pleasant, MI | $4,175,047 | $5,762,803 |
Life Skills Centers Inc Clinton Township, MI | $4,779,310 | $5,049,492 |