Lake Superior Community Partnership Foundation
- Assets
- $822.2k
- Revenue
- $64.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Marquette, MI
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 38-3566907
Organization Overview
Lake Superior Community Partnership Foundation is located in Marquette, MI. The organization was established in 2001. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Superior Community Partnership Foundation 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, Lake Superior Community Partnership Foundation generated $64.5k 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 (17.3%) each year. All expenses for the organization totaled $32.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.5%) 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 PROMOTE AND ADVANCE EDUCATION, ECONOMIC WORKFORCE DEVELOPMENT ALONG WITH CULTURAL AND RECREATIONAL ACTIVITIES IN THE UPPER PENINSULA OF MICHIGAN. THE ORGANIZATION IS PARTNER IN THE MIDWEST SKILLS DEVELOPMENT CENTER MSDC. THE MSDC IS A PROGRAM THAT PREPARES STUDENTS TO INSTALL, MAINTAIN AND OPERATE ELECTRICAL SYSTEMS TO SUPPLY ENERGY TO RESIDENTIAL AND INDUSTRIAL CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAIRMANS CIRCLE GRANTS - PROVIDED GRANTS FOR WORKFORCE AND ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mead President | OfficerTrustee | 0.5 | $0 |
Stephanie Zadroga-Langlois Secretary | OfficerTrustee | 0.5 | $0 |
Scott Knaffla Treasurer | OfficerTrustee | 0.5 | $0 |
Christopher Germain Vice President | OfficerTrustee | 0.5 | $0 |
Derek Bush Director | Trustee | 0.5 | $0 |
David Rayome Director | Trustee | 0.5 | $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 | $58,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,001 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| 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 | $64,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,251 |
| 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 | $1,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14 |
| Office expenses | $176 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $760 |
| All other expenses | $0 |
| Total functional expenses | $32,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,141 |
| Savings and temporary cash investments | $646,403 |
| Pledges and grants receivable | $25,235 |
| Accounts receivable, net | $4,525 |
| 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 | $60,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $822,173 |
| Accounts payable and accrued expenses | $6,219 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $750,171 |
| 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 | $756,390 |
| Net assets without donor restrictions | $65,783 |
| 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 | $822,173 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lake Superior Community Partnership Foundation has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
Ak Steel Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Dte Energy Foundation Detroit, MI PURPOSE: ECONOMIC PROGRESS | $4,000 |
Frazier Fund Inc Marquette, MI PURPOSE: MARQUETTE AREA JULY 4TH FIREWORKS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Hobart Institute Of Welding Technology Troy, OH | $21,990,854 | $8,624,823 |
International Union Of Operating Engineers Local 324 Health & Welfa Troy, MI | $11,444,859 | $7,479,654 |
Michigan Statewide Carpenters And Millwrights Jatc Fund Lansing, MI | $41,111,289 | $11,191,955 |
Northeast Indian Works Inc Fort Wayne, IN | $1,136,996 | $7,211,329 |
Workforce Resource Inc Menomonie, WI | $4,994,256 | $7,342,513 |
Kinexus Youth Solutions Inc Benton Harbor, MI | $1,929,548 | $5,503,485 |
Liuna Training Of Michigan Fund Lansing, MI | $17,809,135 | $5,943,838 |
Steamfitters Training School Inc Milwaukee, WI | $2,346,768 | $4,646,602 |
Cultivate Culinary School And Catering Inc South Bend, IN | $3,175,412 | $5,237,757 |
Ground Level Solutions Inc Columbus, OH | $29,430 | $3,796,379 |