Great Lakes Fishery Trust Inc
- Assets
- $18.3m
- Revenue
- $3.6m
- Investments
- $14.6m
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 38-3331471
Organization Overview
Great Lakes Fishery Trust Inc is located in Lansing, MI. The organization was established in 1997. According to its NTEE Classification (D12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Fishery Trust Inc 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, Great Lakes Fishery Trust Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Great Lakes Fishery Trust Inc has awarded 136 individual grants totaling $16,812,090. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE TRUST IS TO MITIGATE FOR THE USE AND ENJOYMENT OF LAKE MICHIGAN FISHERY RESOURCES FOREGONE AS A RESULT OF THE OPERATION OF THE LUDINGTON PUMPED STORAGE PLANT AND TO BENEFIT THE GREAT LAKES FISHERY BY PROVIDING FUNDING FOR THE ENHANCEMENT, PROPAGATION, PROTECTION AND REPLACEMENT OF GREAT LAKES FISHERIES RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLFT, INC. PROVIDES FUNDING TO ENHANCE, PROPAGATE, PROTECT, AND REPLACE FISHERY RESOURCES OF THE GREAT LAKES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathon Beard Manager/secr | Officer | $0 | |
Julie Metty Bennett Manager | Officer | $0 | |
Dan Eichinger Acting Chair | Trustee | $0 | |
Charles Wooley Trustee | Trustee | $0 | |
Frank Beaver Trustee | Trustee | $0 | |
Mike Shriberg Trustee | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,339,731 |
| Investment income | $1,151,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,568,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,476,812 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $314,498 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,978 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,686 |
| All other expenses | $35,574 |
| Total functional expenses | $1,904,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,405,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,339,731 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,581,908 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,327,543 |
| Accounts payable and accrued expenses | $20,483 |
| Grants payable | $4,046,237 |
| Deferred revenue | $0 |
| 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 | $4,066,720 |
| Net assets without donor restrictions | $14,260,823 |
| 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 | $18,327,543 |
Grants Awarded
Over the last fiscal year, Great Lakes Fishery Trust Inc has awarded $1,476,812 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
East Lansing, MI | | $253,993 |
Allendale, MI | | $156,304 |
Mount Pleasant, MI | | $152,695 |
POKAGON BAND OF POTAWATOMI INDIANS | | | $150,000 |
Gaylord, MI | | $100,000 |
CITY OF NILES | | | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Great Lakes Fishery Trust Inc has recieved totaling $52,500.
| Awarding Organization | Amount |
|---|---|
The Brookby Foundation Milwaukee, WI PURPOSE: GRAND TRAVERSE STEWARDSHIP INITIATIVE | $25,000 |
Oleson Foundation Traverse City, MI PURPOSE: GRANT FOR GREAT LAKES STEWARDSHIP INITIATIVE | $15,000 |
Dte Energy Foundation Detroit, MI PURPOSE: ENVIRONMENTAL LEADERSHIP | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Pet Fund Blue Ash, OH | $324,836 | $5,559,645 |
Great Lakes Fishery Trust Inc Lansing, MI | $18,327,543 | $3,568,990 |
Great Lakes Basin Conservancy Inc Gates Mills, OH | $52,071 | $1,017,650 |
Paws And Whiskers Cat Shelter Inc Toledo, OH | $1,297,323 | $439,023 |
Stray Dog Support Inc Kewaskum, WI | $102,169 | $397,699 |
Resale To The Rescue Inc Mishawaka, IN | $97,900 | $326,125 |
Saola Foundation Milwaukee, WI | $192,791 | $313,978 |
Helping Paws Incorporated Indianapolis, IN | $37,652 | $0 |
Emma Loves Dogs Inc Hartland, WI | $61,104 | $144,195 |
Give Back Wisconsin Corp Greendale, WI | $20,976 | $0 |
Erins Angels Rescue Quincy, MI | $28,637 | $0 |
Ohio Coalition For Animals Columbus, OH | $74,900 | $0 |