Northern Great Lakes Initiatives
- Assets
- $40.1m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Marquette, MI
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-3130767
Organization Overview
Northern Great Lakes Initiatives is located in Marquette, MI. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Northern Great Lakes Initiatives employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Great Lakes Initiatives 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 12/2022, Northern Great Lakes Initiatives generated $8.1m in total revenue. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 69.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, PROMOTE, AND FOSTER COMMUNITY REVITALIZATION PROJECTS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCE SERVICES: PROVIDED AFFORDABLE ACCESS TO CAPITAL TO RURAL AND UNDESERVED MARKETS FROM ITS REVOLVING LOAN FUND AND ASSOCIATED GRANTS.
BUSINESS DEVELOPMENT SERVICES: PROVIDED CONSULTING, TRAINING, AND TECHNICAL ASSISTANCE TO BUSINESSES FOR PROCESS IMPROVEMENTS, SYSTEMS DEVELOPMENT, MARKET RESEARCH SERVICES, E-COMMERCE SERVICES, ACCOUNTING, AND MARKETING ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elissa Sangalli President/ce | OfficerTrustee | 40.69 | $154,983 |
Charles Hurst VP Of Lendin | Officer | 40.21 | $112,371 |
Amanda Blondeau Chief Strate | Officer | 40 | $109,225 |
Kevin Boyle Trustee | Trustee | 0.5 | $0 |
R Gavin Leach Trustee | Trustee | 0.5 | $0 |
Carol Johnson Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atomic Object Llc Software Devel. | 12/30/22 | $110,029 |
Stingray Advisory Group Business Coach. | 12/30/22 | $150,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,934,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,928,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,863,300 |
| Total Program Service Revenue | $2,163,603 |
| Investment income | $28,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,055,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $445,256 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $418,483 |
| Compensation of current officers, directors, key employees. | $74,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,851,525 |
| Pension plan accruals and contributions | $113,097 |
| Other employee benefits | $335,010 |
| Payroll taxes | $163,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,601 |
| Fees for services: Accounting | $30,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $594,461 |
| Advertising and promotion | $82,174 |
| Office expenses | $139,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,262 |
| Travel | $115,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,467 |
| Interest | $338,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,880 |
| All other expenses | $96,376 |
| Total functional expenses | $5,036,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,052,324 |
| Savings and temporary cash investments | $15,828,114 |
| Pledges and grants receivable | $181,815 |
| Accounts receivable, net | $25,000 |
| Loans from Officers, Directors, or Controlling Persons | $116,503 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,696,774 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,647 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,180,057 |
| Total assets | $40,128,234 |
| Accounts payable and accrued expenses | $454,485 |
| Grants payable | $0 |
| Deferred revenue | $5,962,059 |
| 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 | $9,832,278 |
| Unsecured mortgages and notes payable | $10,742,859 |
| Other liabilities | $512,200 |
| Total liabilities | $27,503,881 |
| Net assets without donor restrictions | $12,624,353 |
| 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 | $40,128,234 |