Great Lakes Training & Development Corp
- Assets
- $5.5m
- Revenue
- $958.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Manitowoc, WI
- Founding
- 08/1986
- Data as of
- 06/2021
- EIN
- 39-1488776
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Teteak Chairman | OfficerTrustee | 5 | $0 |
Rick L Gerroll Vice Chairman | OfficerTrustee | 3 | $0 |
Jeffrey Deprez Secretary / Treasurer | OfficerTrustee | 5 | $3,400 |
D Tod Pauly Director | Trustee | 2 | $0 |
David Lodl Director | Trustee | 2 | $0 |
Dennis Ladwig Director | Trustee | 2 | $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 |
| 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. | $3,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,695 |
| Pension plan accruals and contributions | $1,745 |
| Other employee benefits | $129,380 |
| Payroll taxes | $27,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585 |
| Fees for services: Accounting | $13,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $70,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,875 |
| Travel | $8,269 |
| 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 | $117,895 |
| Insurance | $1,912 |
| All other expenses | $0 |
| Total functional expenses | $843,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,154 |
| Savings and temporary cash investments | $1,133,792 |
| Pledges and grants receivable | $56,606 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,012,174 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,677 |
| Investments—publicly traded securities | $5,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,456,072 |
| Accounts payable and accrued expenses | $94,173 |
| Grants payable | $0 |
| Deferred revenue | $8,221 |
| 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 | $221,541 |
| Total liabilities | $323,935 |
| 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 | $5,132,137 |
Grants Awarded
Over the last fiscal year, Great Lakes Training & Development Corp has awarded $129,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
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 |