Great Lakes Sports Commission
- Assets
- $9.0m
- Revenue
- $194.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 82-0954493
Organization Overview
Great Lakes Sports Commission is located in Lansing, MI. The organization was established in 2019. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Sports Commission 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 Sports Commission generated $194.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (73.2%) each year. All expenses for the organization totaled $496.6k during the year ending 12/2021. 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 MICHIGAN AS A PREMIER DESTINATION FOR RECREATION, SPORTS, AND TOURISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFER BRIDGE LOAN TO KIWANIS SKI CLUB FOR THE PRESERVATION OF THE PINE MOUNTAIN SKI JUMP COMPLEX.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fritz Erikson Chairman-Elect | OfficerTrustee | 1 | $0 |
Doug Luciani Chiarman | OfficerTrustee | 1 | $0 |
Kevin Korpi Executive Director | OfficerTrustee | 3 | $0 |
Dennis West Secretary | OfficerTrustee | 1 | $0 |
Steve Verrette Commissoner | Trustee | 1 | $0 |
Brigitte Lapointe Commissoner | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,700 |
| Fundraising events | $0 |
| Related organizations | $350 |
| 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 | $3,050 |
| Total Program Service Revenue | $10,000 |
| Investment income | $195,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$46,409 |
| Net Income from Fundraising Events | -$2,541 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,323 |
| 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 | $0 |
| Fees for services: Legal | $84,654 |
| Fees for services: Accounting | $6,210 |
| Fees for services: Lobbying | $35,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,169 |
| Fees for services: Other | $238,976 |
| Advertising and promotion | $1,000 |
| Office expenses | $3,602 |
| 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 | $14,159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $904 |
| All other expenses | $0 |
| Total functional expenses | $496,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,897,519 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $341,665 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,134,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,659,460 |
| Total assets | $9,033,304 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $9,033,304 |
| 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 | $9,033,304 |
Grants Awarded
Over the last fiscal year, Great Lakes Sports Commission has awarded $750,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TRAVERSE CITY HORSE SHOW PURPOSE: EVENT ASSISTANCE | $250,000 |
TRAVERSE CITY HORSE SHOW PURPOSE: EVENT ASSISTANCE | $250,000 |
Traverse City, MI PURPOSE: NEW FACILITY | $70,000 |
Traverse City, MI PURPOSE: NEW FACILITY | $70,000 |
Ishpeming, MI PURPOSE: PROPERTY IMPROVEMENTS | $55,000 |
Ishpeming, MI PURPOSE: PROPERTY IMPROVEMENTS | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Infrastructure & Transportation Association Inc Okemos, MI | $7,688,818 | $3,965,600 |
Exemplar Global Inc Milwaukee, WI | $1,712,970 | $3,279,996 |
Quarter Horse Racing Association Of Indiana Inc Shelbyville, IN | $766,842 | $1,136,886 |
Ohio Energy Group Cincinnati, OH | $59,855 | $1,023,895 |
Alliance For Flexible Polyurethane Foam Inc Rochester Hills, MI | $2,706,226 | $1,248,796 |
Enterprise Group Of Jackson Inc Jackson, MI | $1,250,029 | $916,542 |
Collegiate & Professional Sports Dietitians Association Bloomington, IN | $1,664,638 | $932,926 |
Detroit Area Commercial Board Of Realtors Inc Grand Blanc, MI | $597,595 | $554,174 |
International Order Of The Golden Rule Indianapolis, IN | $1,853,090 | $689,683 |
Onechiropractic Inc New Albany, OH | $40,759 | $592,870 |
Michigan Economic Development Foundation Okemos, MI | $1,060,409 | $613,109 |
Great Lakes Sports Commission Lansing, MI | $9,033,304 | $194,911 |