Skip to content
Nonprofiteer
← GREAT LAKES FISHERY TRUST INC

Form 990 for tax year 2022

Filed by GREAT LAKES FISHERY TRUST INC.

Totals

Total revenue
$2,056,621
Total expenses
$2,662,255
Contributions and grants received
$0
Grants paid
$2,150,186
Program service revenue
$3,972,399
Investment income
-$2,173,628
Other revenue
$257,850
Total assets, end of year
$17,622,237
Total liabilities, end of year
$3,967,048
Net assets or fund balances, end of year
$13,655,189
Program services expenses (Part IX)
$2,597,503
Management and general expenses
$64,752
Fundraising expenses
$0
Program service expenses (Part III)
$2,597,503

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MORTALITY COMPENSATION

    total $3,972,399 · related or exempt $3,972,399

  • 3 · Investment income

    total -$2,173,628 · excluded -$2,173,628

  • 11a · Other revenue: GRANT SAVINGS

    total $234,510 · related or exempt $234,510

  • 11b · Other revenue: SAT REIMBURSEMENT

    total $23,340 · related or exempt $23,340

  • 11e · Other revenue, total

    $257,850

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,150,186 · program services $2,150,186

  • 11a · Fees: management

    total $363,606 · program services $363,606

  • 11c · Fees: accounting

    total $23,511 · management and general $23,511

  • 11f · Fees: investment management

    total $37,437 · management and general $37,437

  • 19 · Conferences, conventions and meetings

    total $17,950 · program services $17,950

  • 23 · Insurance

    total $3,804 · management and general $3,804

  • 24a · Other expenses: OTHER EXPENSES

    total $65,761 · program services $65,761

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,405,904 · end of year $1,019,256

  • 4 · Accounts receivable

    beginning of year $2,339,731 · end of year $3,972,399

  • 12 · Investments: other securities

    beginning of year $14,581,908 · end of year $12,630,582

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,483 · end of year $16,385

  • 18 · Grants payable

    beginning of year $4,046,237 · end of year $3,950,663

  • 27 · Net assets without donor restrictions

    beginning of year $14,260,823 · end of year $13,655,189

Mission and programs · 2022

Mission

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.

  • GLFT, INC. PROVIDES FUNDING TO ENHANCE, PROPAGATE, PROTECT, AND REPLACE FISHERY RESOURCES OF THE GREAT LAKES.

    Expenses $2,597,503 · Grants $2,150,186

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Frank Beaver

    TRUSTEE

    Total calculated
    $0

  • Doug Craven

    TRUSTEE

    Total calculated
    $0

  • Dan Eichinger

    ACTING CHAIR

    Total calculated
    $0

  • Brian Napont

    TRUSTEE

    Total calculated
    $0

  • Robert Reichel

    TRUSTEE

    Total calculated
    $0

  • Mike Shriberg

    TRUSTEE

    Total calculated
    $0

  • Amy Trotter

    TRUSTEE

    Total calculated
    $0

  • Charles Wooley

    TRUSTEE

    Total calculated
    $0

  • Jonathon Beard

    MANAGER/SECR

    Total calculated
    $0

  • Julie Metty Bennett

    MANAGER

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202313189349302371

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.