Greater Lake Superior Foundation
- Assets
- $47.4k
- Revenue
- $1.2k
- Investments
- $45.4k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/2011
- Data as of
- 12/2023
- EIN
- 41-1693731
Organization Overview
Greater Lake Superior Foundation is located in Minneapolis, MN. The organization was established in 2011. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lake Superior Foundation 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 12/2023, Greater Lake Superior Foundation generated $1.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $7.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID FOR THE PRINTING AND POSTING OF INFORMATIONAL SIGNS RELATED TO THE CONSERVATION OF SEVERAL SPECIES OF UNIQUE FISH NATIVE TO THE NORTH SHORE OF LAKE SUPERIOR IN MINNESOTA. THE SIGNS WERE POSTED IN RELEVANT LOCATIONS FOR PUBLIC BENEFIT IN CONJUNCTION WITH THE MN DNR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Thorpe President | 4 | $0 | |
Lt Col Andrew Burda Vice President | 2 | $0 | |
Maria Manion Secretary | 1 | $0 | |
Michael Sierzen Ph D Director | 1 | $0 | |
Sharon Moen Ms Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $657 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $12 |
| Other expenses | $874 |
| Total operating and administrative expenses | $2,247 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $7,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,376 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $620 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,399 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Greater Lake Superior Foundation has awarded $5,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BEN SCHLEPPENBACH PURPOSE: EDUCATION | $1,500 |
BEN KLINE PURPOSE: EDUCATION | $2,000 |
DANNY MCCANN PURPOSE: EDUCATION | $1,500 |