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Nonprofiteer
← GREAT LAKES FISHERY TRUST INC

Form 990 for tax year 2024

Filed by GREAT LAKES FISHERY TRUST INC.

Totals

Total revenue
$4,216,119
Total expenses
$3,966,905
Contributions and grants received
$10,000
Grants paid
$3,314,439
Program service revenue
$3,618,589
Investment income
$550,251
Other revenue
$37,279
Total assets, end of year
$22,779,914
Total liabilities, end of year
$4,689,619
Net assets or fund balances, end of year
$18,090,295
Program services expenses (Part IX)
$3,870,071
Management and general expenses
$96,834
Fundraising expenses
$0
Program service expenses (Part III)
$3,870,071

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.

  • 1f · All other contributions, gifts and grants

    $10,000

  • 2a · Program service revenue: FISH MORTALITY INCOME

    total $3,618,589 · related or exempt $3,618,589

  • 3 · Investment income

    total $525,773 · excluded $525,773

  • 7a · Gross sales of assets other than inventory

    securities $5,467,137

  • 7b · Less cost or other basis and sales expenses

    securities $5,442,659

  • 7c · Gain or loss

    securities $24,478

  • 7d · Net gain or loss

    total $24,478 · excluded $24,478

  • 11a · Other revenue: SAT REIMBURSEMENT

    total $37,279 · related or exempt $37,279

  • 11e · Other revenue, total

    $37,279

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,314,439 · program services $3,314,439

  • 11a · Fees: management

    total $462,275 · program services $462,275

  • 11c · Fees: accounting

    total $36,067 · management and general $36,067

  • 11f · Fees: investment management

    total $51,311 · management and general $51,311

  • 11g · Fees: other

    total $9,452 · program services $9,452

  • 13 · Office expenses

    total $803 · management and general $803

  • 19 · Conferences, conventions and meetings

    total $27,217 · program services $24,169 · management and general $3,048

  • 23 · Insurance

    total $5,605 · management and general $5,605

  • 24a · Other expenses: STRATEGIC PLANNING

    total $24,527 · program services $24,527

  • 24b · Other expenses: SAT DIRECT EXPENSES

    total $13,259 · program services $13,259

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $11,550 · program services $11,550

  • 24d · Other expenses: DIRECT EXPENSES

    total $10,384 · program services $10,384

  • 24e · All other expenses

    total $16 · program services $16

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,271,726 · end of year $1,373,814

  • 4 · Accounts receivable

    beginning of year $3,009,728 · end of year $3,655,868

  • 12 · Investments: other securities

    beginning of year $15,515,686 · end of year $17,750,232

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,431 · end of year $68,720

  • 18 · Grants payable

    beginning of year $3,567,647 · end of year $4,620,899

  • 27 · Net assets without donor restrictions

    beginning of year $16,199,062 · end of year $18,090,295

Mission and programs · 2024

Mission

PROVIDE FUNDING TO ENHANCE, PROTECT, AND REHABILITATE GREAT LAKES FISHERY RESOURCES. THE ORGANIZATION WILL MANAGE ITS RESOURCES TO COMPENSATE FOR LOST USE AND ENJOYMENT OF THE LAKE MICHIGAN FISHERY RESULTING FROM OPERATION OF THE LUDINGTON PUMPED STORAGE PLANT.

Activities or mission (Part I)

PROVIDING FUNDING TO ENHANCE, PROTECT, AND REHABILITATE GREAT LAKES FISHERY RESOURCES.

  • GREAT LAKES FISHERY TRUST, INC. PURSUES IT'S MISSION THROUGH INVESTMENTS IN FOUR AREAS: ACCESS TO THE GREAT LAKES SHORE; RESEASRCH TO CREATE A MORE RESILIENT AND STABLE FISH COMMUNITY AND INCREASE SUSTAINABLE VALUE; HABITAT TO PROTECT, RESTORE, AND STABILIZE IMPORTANT FISH HABITATS; AND STEWARDSHIP TO INCREASE AWARENESS AND UNDERSTANDING OF THE ECOLOGY OF THE GREAT LAKES.

    Expenses $3,870,071 · Grants $3,314,439 · Revenue $3,655,868

As filed on the 2024 return.

Listed in Part VII

  • Dan Bock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Hicks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Doug Craven

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Beaver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amy Trotter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Napont

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Meuninck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Bowen

    CHAIR (ENDED 8/12/24)

    Total calculated
    $0
    Hours/week
    1

  • Randall Claramunt

    CHAIR (BEGAN 8/13/24)

    Total calculated
    $0
    Hours/week
    1

  • Jonathon Beard

    TRUST MANAGER

    Total calculated
    $0
    Hours/week
    13

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

  • MICHIGAN DEPARTMENT OF NATURAL RESOURCES

    $750,000

    RENOVATE SNUG HARBOR SHORELINE FISHING SITE AT MUSKEGON STATE PARK

  • CARLETON UNIVERSITY

    $423,340

    CHARACTERIZE NEEDS, MOTIVATION AND VALUES OF FISHERMAN AND CHARACTERISTICS THE RISK, BENEFITS AND BARRIERS FACED AROUND LAKE MICHIGAN

  • THE RESEARCH FOUNDATION FOR SUNY AT BROCKPORT

    $403,982

    PROJECT TO EVALUATE WHETHER THIAMINE DEFICIENCY COULD AFFECT LAKE WHITEFISH RECRUITMENT IN THE GREAT LAKES REGION

  • CONSERVATION RESOURCE ALLIANCE

    $315,000

    CONSTRUCTION OF THREE BRIDGES AND INSTALL HABITAT STRUCTURES ON THE CRYSTAL RIVER IN LEELANAU COUNTY

  • MICHIGAN STATE UNIVERSITY EXTENSION

    $276,837

    TEACHING GREAT LAKES LITERACY: CONNECTING SCIENTISTS, EDUCATORS, AND YOUTH THROUGH RESEARCH AND DATA EXPLORATIONS

  • LITTLE TRAVERSE BAY BANDS OF ODAWA INDIANS

    $250,000

    REPLACE MESHENAHMA RESEARCH VESSEL

  • TROUT UNLIMITED INC

    $200,000

    REMOVE INFRASTRUCTURE OF A DETERIORATING DAM AND FORMER FISH FARM ON THE BALDWIN RIVER TO RESTORE A HEALTHY STREAM CHANNEL

  • GREAT LAKES ST LAWRENCE GOVERNORS & PREMIERS

    $183,098

    INITIATIVE TO FIND WAYS TO CAPTURE POTENTIAL VALUE OF COMMERCIALLY CAUGHT GREAT LAKES FISH MORE FULLY

  • CENTRAL MICHIGAN UNIVERSITY

    $172,340

    EVALUATE THE SOURCE-SPECIFIC PRODUCTION OF COHO SALMON ON THE LAKE MICHIGAN FISHERY

  • BAY MILLS INDIAN COMMUNITY

    $125,000

    PERMANENT CONCRETE BOAT RAMP AND SEASONAL, REMOVABLE DOCK WITH HANDICAP-ACCESSIBLE KAYAK LAUNCH

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503179349304655

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

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