Great Lakes Timber Professionals Association
- Assets
- $958.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Rhinelander, WI
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 38-1201211
Organization Overview
Great Lakes Timber Professionals Association is located in Rhinelander, WI. The organization was established in 1978. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Great Lakes Timber Professionals Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Timber Professionals Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Great Lakes Timber Professionals Association generated $1.1m 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 (3.5%) each year. All expenses for the organization totaled $905.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. 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 LEAD THE FOREST PRODUCTS INDUSTRY IN SUSTAINABLE FOREST MANAGEMENT THROUGH ADVOCACY, PROFESSIONALISM, SERVICE TO MEMBERS, EDUCATION AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING PUBLIC SUPPORT AND UNDERSTANDING OF THE TIMBER INDUSTRY IN WISCONSIN AND MICHIGAN BY PROVIDING EDUCATIONAL OPPORTUNITIES.
THE TIMBER PRODUCERS MAGAZINE PROVIDES TIMELY AND RELEVANT INFORMATION ON NEW TECHNOLOGY AND PRODUCTS, AND PROVIDES A FORUM FOR DISCUSSION ON CURRENT ISSUES. OVER 2400 COPIES ARE PRINTED MONTHLY.
THE LAKE STATES LOGGING CONGRESS HOSTS OVER 300 EXHIBITORS AND COMPETITORS TO DISPLAY NEW TECHNOLOGY, TEACH SAFETY ISSUES AND PROMOTE PUBLIC AWARENESS AND UNDERSTANDING.
CONTRIBUTIONS TO HOSPITALS BY LOG-A-LOAD CAMPAIGN. PROMOTING MEMBERSHIP, WHICH PROVIDES A WIDE RANGE OF SERVICES AND INFORMATION, WHICH SEEKS TO KEEP MEMBERS ABREAST OF INNOVATIONS AND REGULATIONS AFFECTING THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Schienebeck Executive Di | Officer | 40 | $121,026 |
Dave Slater Past Vice Pr | OfficerTrustee | 1 | $0 |
Matt Jensen President | Officer | 1 | $0 |
Troy Brown Vice Preside | Officer | 1 | $0 |
Dave Johnson Treasurer | Officer | 1 | $0 |
Mike Sturgill Vice Preside | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,790 |
| Total Program Service Revenue | $862,143 |
| Investment income | $18,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,600 |
| Net Gain/Loss on Asset Sales | $9,561 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,061,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,773 |
| 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. | $121,026 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,206 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,282 |
| Payroll taxes | $19,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $461 |
| Fees for services: Accounting | $73,677 |
| Fees for services: Lobbying | $61,181 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,952 |
| Fees for services: Other | $3,331 |
| Advertising and promotion | $14,401 |
| Office expenses | $121,413 |
| Information technology | $14,398 |
| Royalties | $0 |
| Occupancy | $12,471 |
| Travel | $17,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,219 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,193 |
| Insurance | $11,804 |
| All other expenses | $82,937 |
| Total functional expenses | $904,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,102 |
| Savings and temporary cash investments | $331,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,516 |
| Net Land, buildings, and equipment | $94,557 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $290,297 |
| Intangible assets | $0 |
| Other assets | $108,088 |
| Total assets | $958,529 |
| Accounts payable and accrued expenses | $77,251 |
| Grants payable | $0 |
| Deferred revenue | $276,918 |
| 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 | $0 |
| Total liabilities | $354,169 |
| Net assets without donor restrictions | $603,997 |
| Net assets with donor restrictions | $363 |
| 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 | $958,529 |
Grants Awarded
Over the last fiscal year, Great Lakes Timber Professionals Association has awarded $40,446 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARSHFIELD CHILDREN'S HOSPITAL PURPOSE: DONATION | $32,747 |
Milwaukee, WI PURPOSE: DONATION | $7,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |