Lake Superior Community Partnerships Inc
- Assets
- $463.3k
- Revenue
- $858.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Marquette, MI
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 38-3399409
Organization Overview
Lake Superior Community Partnerships Inc is located in Marquette, MI. The organization was established in 1998. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Lake Superior Community Partnerships Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Superior Community Partnerships Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Lake Superior Community Partnerships Inc generated $858.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $702.0k during the year ending 12/2021. While expenses have increased by 0.2% 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
THE LAKE SUPERIOR COMMUNITY PARTNERSHIP IS THE MARQUETTE COUNTY REGIONS LEADING RESOURCE FOR ECONOMIC DEVELOPMENT, PROVIDING A WIDE VARIETY OF AFFORDABLE AND EFFECTIVE DEVELOPMENT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER COMMERCIAL DEVELOPMENT ECONOMIC DEVELOPMENT - PROVIDE ECONOMIC DEVELOPMENT AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Lucas CEO | Officer | 40 | $70,729 |
Jesse Bell Treasurer | OfficerTrustee | 1 | $0 |
David Aro Secretary | OfficerTrustee | 1 | $0 |
Roxanne Daust Vice Chariman | OfficerTrustee | 1 | $0 |
Brett French Chairman | OfficerTrustee | 1 | $0 |
Stu Bradley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $217,459 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $264,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,338 |
| Total Program Service Revenue | $262,903 |
| 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 | $57,772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $858,768 |
| 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. | $98,280 |
| Compensation of current officers, directors, key employees. | $40,295 |
| Compensation to disqualified persons | $316,871 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,459 |
| Other employee benefits | $29,294 |
| Payroll taxes | $42,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $4,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,375 |
| Advertising and promotion | $2,430 |
| Office expenses | $19,380 |
| Information technology | $43,367 |
| Royalties | $0 |
| Occupancy | $22,349 |
| Travel | $8,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,457 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,299 |
| Insurance | $4,892 |
| All other expenses | $4,318 |
| Total functional expenses | $702,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,676 |
| Savings and temporary cash investments | $217,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,113 |
| Net Land, buildings, and equipment | $25,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $463,337 |
| Accounts payable and accrued expenses | $71,656 |
| 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 | $63,616 |
| Total liabilities | $135,272 |
| Net assets without donor restrictions | $328,065 |
| 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 | $463,337 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Superior Community Partnerships Inc has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
West End Health Foundation Ishpeming, MI PURPOSE: GOLF OUTING SPONSORSHIP | $300 |
West End Health Foundation Ishpeming, MI PURPOSE: GOLF OUTING SPONSORSHIP | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Network Inc Troy, MI | $19,015,047 | $57,475,934 |
Ohio Childrens Alliance Columbus, OH | $7,109,576 | $31,155,772 |
Public Children Services Assoc Of Ohio Inc Columbus, OH | $3,698,472 | $8,310,816 |
Ohio Association Of Community Health Center Inc Columbus, OH | $5,988,044 | $6,768,284 |
Connect Detroit Detroit, MI | $1,231,403 | $6,855,540 |
Suite 1300 Services Inc Cleveland, OH | $2,882,553 | $1,875,402 |
Accounting Aid Society Detroit, MI | $2,238,515 | $3,274,275 |
Utopia Foundation Inc Traverse City, MI | $1,272,208 | $1,071,851 |
Kinship Foundation Madison, WI | $510,519 | $697,956 |
Tfi Foundation Inc Monona, WI | $5,709,720 | $2,349,042 |
Lake Superior Community Partnerships Inc Marquette, MI | $463,337 | $858,768 |
Ywca Wcm Growth Fund Grand Rapids, MI | $5,036,583 | $93,465 |