Great Lakes Training & Development Corp

Organization Overview

Great Lakes Training & Development Corp is located in Manitowoc, WI. The organization was established in 1986. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Great Lakes Training & Development Corp employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Training & Development Corp 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 06/2021, Great Lakes Training & Development Corp generated $958.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $843.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Great Lakes Training & Development Corp has awarded 11 individual grants totaling $616,872. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF GREAT LAKES TRAINING AND DEVELOPMENT CORP IS TO OPERATE INNOVATIVE AND EFFECTIVE EMPLOYMENT AND TRAINING PROGRAMS AND RELATED SERVICES THAT RESULT IN ECONOMIC SELF SUFFICIENCY FOR THE PROGRAM PARTICIPANTS AND A READY, RELIABLE WORKFORCE FOR THE COMMUNITIES THAT WE WORK IN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

JOB TRAINING PROGRAM, EMPLOYMENT TRAINING AND BASIC SKILLS IMPROVEMENT PROGRAMS FOR ELIGIBLE PARTICIPANTS


THE ORGANIZATION OWNS BUILDINGS THAT ARE RENTED TO OTHER NOT-FOR-PROFIT ENTITIES AT BELOW FAIR MARKET RENT.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas C Teteak
Chairman
$0
Rick L Gerroll
Vice Chairman
$0
Jeffrey Deprez
Secretary / Treasurer
$3,400
D Tod Pauly
Director
$0
David Lodl
Director
$0
Dennis Ladwig
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$530,722
Investment income $81,959
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 $957,980

Grants Awarded

Over the last fiscal year, Great Lakes Training & Development Corp has awarded $129,667 in support to 2 organizations.

Grant RecipientAmount

LAKESHORE TECHNICAL COLLEGE

PURPOSE: ADULT PROGRAM - CASE MANAGEMENT OF ADULTS 18 AND OLDER WHO MEET FEDERAL POVERTY LIMITS, INCLUDING DISLOCATED WORKERS.

$29,686

LAKESHORE TECHNICAL COLLEGE

PURPOSE: CASE MANAGEMENT OF DISLOCATED WORKERS

$99,981
View Grant Profile

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