Great Lakes Training & Development Corp EIN 39-1488776 Form 990 (PDF) Claim this org

Great Lakes Training & Development Corp FY2022 filing

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Provides job training and employment programs for economic self-sufficiency and a reliable workforce. For fiscal year 2022 it reported $1.0M in revenue, $887K in expenses, and $5.3M in net assets.Pt I

Founded
1979
Type
Public charity (501(c)(3)) · Employment
Location
Manitowoc, WI
Filings
5 on file (2020–2022)
Revenue
$1.0MFY2022
Expenses
$887K
Net assets
$5.3M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1488776 Public charity (501(c)(3)) Manitowoc, WI Founded 1979
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Provides job training and employment programs for economic self-sufficiency and a reliable workforce.
Leadership
Jeffrey Deprez · Secretary / Treasurer · $3K
Money in and out
$1.0M revenue, $887K expenses
Where the money goes · FY2022
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$887K
Pt IX · Ln 25
Net assets
$5.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $144K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$1.0M
FY2022▲ +8%
Expenses
$887K
FY2022▲ +5%
Total assets
$5.4M
FY2022▼ -0.6%
Total liabilities
$83K
FY2022▼ -74%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$887K
Pt IX · Ln 25
Net assets
$5.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$144K
Total assetsPt X · Ln 16$5.4M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGreat Lakes Training & Development Corp
EINHdr · item D39-1488776
Principal addressHdr · item CManitowoc, WI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1979
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J220)
Ruling yearIRS BMFAug 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Secretary / Treasurer
$3,400Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Thomas C Teteak’s $4K as Chairman is at the 1st percentile of top reported officer pay among 1236 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jeffrey Deprez$4,000$3,400$3,400$3,400$3,400$35,131
Larry Dahl$23,078
Thomas C Teteak$4,000
Rick L Gerroll$4,000
D Tod Pauly$4,000
David Lodl$4,000
Dennis Ladwig$4,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $852K of program spending, described in the organization's own filed words · FY2021.
01

Job training program, employment training and basic skills improvement programs for eligible participants

$538Kprogram expense
02

The organization owns buildings that are rented to other not-for-profit entities at below fair market rent.

$314Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$596K · 58%
Program service revenue$359K · 35%
Investment income$77K · 7%
Contributions & grants58%$596K
Program service revenue35%$359K
Investment income7%$77K
— government grantsLn 1e$596K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$852K
Management & general4%$35K
Total functional expensesLn 25$887K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$5.4M
Total liabilitiesLn 26$83K
Total net assetsLn 32$5.3M
Months of cash on handcomputed18.1

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$363K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.0M revenue · viewing · ⤓ 990 PDF
FY2021$958K revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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