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Nonprofiteer
← GREAT LAKES TRAINING & DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by GREAT LAKES TRAINING & DEVELOPMENT CORP.

Totals

Total revenue
$1,007,924
Total expenses
$1,024,953
Contributions and grants received
$533,096
Grants paid
$0
Program service revenue
$338,968
Investment income
$127,919
Other revenue
$7,941
Total assets, end of year
$6,086,872
Total liabilities, end of year
$176,498
Net assets or fund balances, end of year
$5,910,374
Program services expenses (Part IX)
$972,714
Management and general expenses
$52,239
Fundraising expenses
$0
Program service expenses (Part III)
$972,714

Program services were 94.9% 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.

  • 1e · Government grants (contributions)

    $533,096

  • 2a · Program service revenue: RENTAL INCOME

    total $338,968 · related or exempt $338,968

  • 3 · Investment income

    total $127,919 · excluded $127,919

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,941 · related or exempt $7,941

  • 11e · Other revenue, total

    $7,941

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $48,000 · program services $48,000

  • 7 · Other salaries and wages

    total $346,160 · program services $314,543 · management and general $31,617

  • 8 · Pension plan contributions

    total $10,725 · program services $10,725

  • 9 · Other employee benefits

    total $106,321 · program services $105,895 · management and general $426

  • 10 · Payroll taxes

    total $26,480 · program services $24,061 · management and general $2,419

  • 11a · Fees: management

    total $45,649 · program services $45,649

  • 11b · Fees: legal

    total $5,018 · program services $5,018

  • 11c · Fees: accounting

    total $20,525 · program services $2,748 · management and general $17,777

  • 13 · Office expenses

    total $66,378 · program services $66,378

  • 16 · Occupancy

    total $110,970 · program services $110,970

  • 17 · Travel

    total $35,152 · program services $35,152

  • 22 · Depreciation, depletion and amortization

    total $113,429 · program services $113,429

  • 23 · Insurance

    total $2,682 · program services $2,682

  • 24a · Other expenses: TAXES

    total $35,657 · program services $35,657

  • 24b · Other expenses: INDEPENDENT LIVING

    total $19,735 · program services $19,735

  • 24c · Other expenses: ETV

    total $7,411 · program services $7,411

  • 24e · All other expenses

    total $24,661 · program services $24,661

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,354 · end of year $48,042

  • 2 · Savings and temporary cash investments

    beginning of year $285,173 · end of year $175,095

  • 3 · Pledges and grants receivable

    beginning of year $49,001 · end of year $46,640

  • 4 · Accounts receivable

    beginning of year $59 · end of year $3,620

  • 7 · Other notes and loans receivable

    beginning of year $3,203,565 · end of year $3,413,980

  • 9 · Prepaid expenses and deferred charges

    beginning of year $914 · end of year $58

  • 10a · Land, buildings and equipment: cost or other basis

    $4,690,660

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,840,194

  • 10c · Land, buildings and equipment, net

    beginning of year $1,861,846 · end of year $1,850,466

  • 11 · Investments: publicly traded securities

    beginning of year $6,191 · end of year $6,481

  • 12 · Investments: other securities

    beginning of year $306,555 · end of year $542,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,335 · end of year $176,498

  • 19 · Deferred revenue

    beginning of year $5,857 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,691,466 · end of year $5,910,374

Mission and programs · 2024

Mission

THE MISSION OF GREAT LAKES TRAINING AND DEVELOPMENT CORP IS TO OPERATE INNOVATIVE AND EFFECTIVE EMPLOYMENT AND TRAINING PROGRAMS AND RELATED SERVICES THAT RESULT IN ECONOMIC SELF SUFFICIENCY FOR THE PROGRAM PARTICIPANTS AND A READY, RELIABLE WORKFORCE FOR THE COMMUNITIES THAT WE WORK IN.

  • JOB TRAINING PROGRAM, EMPLOYMENT TRAINING AND BASIC SKILLS IMPROVEMENT PROGRAMS FOR ELIGIBLE PARTICIPANTS

    Expenses $486,460

  • THE ORGANIZATION OWNS BUILDINGS THAT ARE RENTED TO OTHER NOT-FOR-PROFIT ENTITIES AT BELOW FAIR MARKET RENT.

    Expenses $486,254 · Revenue $346,909

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas C Teteak

    CHAIRMAN

    Total calculated
    $7,800
    From this org
    $4,000
    From related orgs
    $3,800
    Other
    $0
    Hours/week
    5

  • Rick L Gerroll

    VICE CHAIRMAN

    Total calculated
    $7,800
    From this org
    $4,000
    From related orgs
    $3,800
    Other
    $0
    Hours/week
    3

  • Jeffrey Deprez

    SECRETARY / TREASURER

    Total calculated
    $7,800
    From this org
    $4,000
    From related orgs
    $3,800
    Other
    $0
    Hours/week
    5

  • D Tod Pauly

    DIRECTOR

    Total calculated
    $7,800
    From this org
    $4,000
    From related orgs
    $3,800
    Other
    $0
    Hours/week
    2

  • David Lodl

    DIRECTOR

    Total calculated
    $7,800
    From this org
    $4,000
    From related orgs
    $3,800
    Other
    $0
    Hours/week
    2

  • Dennis Ladwig

    DIRECTOR

    Total calculated
    $7,800
    From this org
    $4,000
    From related orgs
    $3,800
    Other
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GLTD HOLDINGS LLC

    C · COMMERCIAL REAL ESTATE RENTAL · WI · 100% owned · share of income $329,771 · share of assets $4,238,564

    Directly controlled by GREAT LAKES TRAINING & DEVELOPMENT CORP

Provenance

Return type
form_990
Tax year
2024
Filed
27 April 2026
IRS schema version
2024v5.5
Source object
202601189349301240

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