Northern Great Lakes Initiatives
- Assets
- $39.5m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Marquette, MI
- Founding
- 04/2015
- Data as of
- 12/2021
- 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 12/2021, Northern Great Lakes Initiatives employed 33 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 12/2021, Northern Great Lakes Initiatives generated $5.3m in total revenue. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 79.8% per year over the past 5 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
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 UNDERSERVED 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 | OfficerTrustee | 48.58 | $141,908 |
Charles H Hurst Vice President Lending | Officer | 40.42 | $103,291 |
Alfred Joyal III Chairperson | OfficerTrustee | 0.5 | $0 |
Mary Houghton Secretary | OfficerTrustee | 0.5 | $0 |
Ron Grzywinski Assistant Secretary | OfficerTrustee | 0.5 | $0 |
Wes Maurer Jr Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,668,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,337,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,005,441 |
| Total Program Service Revenue | $2,252,453 |
| Investment income | $15,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,262,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $270,604 |
| Compensation of current officers, directors, key employees. | $75,282 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,576,244 |
| Pension plan accruals and contributions | $100,286 |
| Other employee benefits | $226,693 |
| Payroll taxes | $138,414 |
| Fees for services: Management | $46,795 |
| Fees for services: Legal | $32,354 |
| Fees for services: Accounting | $31,149 |
| Fees for services: Lobbying | $4,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $485,489 |
| Advertising and promotion | $19,935 |
| Office expenses | $151,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,134 |
| Travel | $47,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,177 |
| Interest | $396,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,636 |
| All other expenses | $14,607 |
| Total functional expenses | $3,949,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,259,966 |
| Pledges and grants receivable | $695,288 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,168,362 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,916 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,168 |
| Total assets | $39,536,700 |
| Accounts payable and accrued expenses | $485,537 |
| Grants payable | $0 |
| Deferred revenue | $4,776,023 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $31,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,012,445 |
| Unsecured mortgages and notes payable | $9,226,945 |
| Other liabilities | $0 |
| Total liabilities | $25,531,950 |
| Net assets without donor restrictions | $9,501,536 |
| Net assets with donor restrictions | $4,503,214 |
| 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 | $39,536,700 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northern Great Lakes Initiatives has recieved totaling $191,005.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: FINANCE JUSTICE FUND SUBGRANT | $150,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $41,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities West Michigan Grand Rapids, MI | $13,577,921 | $21,603,747 |
Eight Cap Inc Orleans, MI | $2,750,464 | $18,614,954 |
Catholic Charities Of Shiawassee & Genesee Counties Flint, MI | $13,966,516 | $19,279,987 |
Wedgwood Christian Services Grand Rapids, MI | $24,031,475 | $18,911,597 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Stark County Community Action Agency Canton, OH | $8,005,138 | $17,758,895 |
Community Action Organization Of Scioto County Inc Portsmouth, OH | $5,541,506 | $17,941,143 |
Onesight Mason, OH | $26,405,119 | $15,913,386 |
Ohio Heartland Community Action Marion, OH | $4,922,800 | $17,262,322 |
Interlocal Community Action Program Inc New Castle, IN | $2,890,464 | $16,696,928 |
Wabash Center Inc Lafayette, IN | $13,437,721 | $16,787,564 |
Blue River Services Inc Corydon, IN | $24,743,437 | $19,943,748 |