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Nonprofiteer
← GREAT LAKES FISHERY TRUST INC

Form 990 for tax year 2023

Filed by GREAT LAKES FISHERY TRUST INC.

Totals

Total revenue
$5,258,751
Total expenses
$2,714,878
Contributions and grants received
$0
Grants paid
$2,166,780
Program service revenue
$3,009,728
Investment income
$2,092,930
Other revenue
$156,093
Total assets, end of year
$19,797,140
Total liabilities, end of year
$3,598,078
Net assets or fund balances, end of year
$16,199,062
Program services expenses (Part IX)
$2,626,732
Management and general expenses
$88,146
Fundraising expenses
$0
Program service expenses (Part III)
$2,626,732

Program services were 96.8% 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: FISH MORTALITY INCOME

    total $3,009,728 · related or exempt $3,009,728

  • 3 · Investment income

    total $2,092,930 · excluded $2,092,930

  • 11a · Other revenue: GRANT SAVINGS

    total $121,904 · related or exempt $121,904

  • 11b · Other revenue: SAT REIMBURSEMENT

    total $34,189 · related or exempt $34,189

  • 11e · Other revenue, total

    $156,093

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,166,780 · program services $2,166,780

  • 11a · Fees: management

    total $393,011 · program services $393,011

  • 11c · Fees: accounting

    total $29,486 · management and general $29,486

  • 11f · Fees: investment management

    total $7,230 · management and general $7,230

  • 19 · Conferences, conventions and meetings

    total $32,653 · program services $23,000 · management and general $9,653

  • 23 · Insurance

    total $5,603 · management and general $5,603

  • 24a · Other expenses: INVESTMENT ADVISOR

    total $35,370 · management and general $35,370

  • 24b · Other expenses: SAT DIRECT EXPENSES

    total $13,167 · program services $13,167

  • 24c · Other expenses: STRATEGIC PLANNING

    total $12,174 · program services $12,174

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $9,000 · program services $9,000

  • 24e · All other expenses

    total $10,404 · program services $9,600 · management and general $804

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,019,256 · end of year $1,271,726

  • 4 · Accounts receivable

    beginning of year $3,972,399 · end of year $3,009,728

  • 12 · Investments: other securities

    beginning of year $12,630,582 · end of year $15,515,686

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,385 · end of year $30,431

  • 18 · Grants payable

    beginning of year $3,950,663 · end of year $3,567,647

  • 27 · Net assets without donor restrictions

    beginning of year $13,655,189 · end of year $16,199,062

Mission and programs · 2023

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 $2,626,732 · Grants $2,166,780 · Revenue $3,009,728

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Bock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Scott Bowen

    ACTING CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Marc Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Scott Hicks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Doug Craven

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Frank Beaver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Amy Trotter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Brian Napont

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Julie Metty Bennett

    MANAGER

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathon Beard

    MANAGER/SECRETARY

    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

  • LAKE SUPERIOR STATE UNIVERSITY

    $259,048

    MORE THAN WATER UNDER THE BRIDGE: INVENTORY AND VIABILITY ASSESSMENT OF FISH SPAWNING AND NURSERY HABITATS IN THE STRAITS OF MACKINAC

  • MICHIGAN STATE UNIVERSITY

    $249,712

    BEHAVIORAL INVESTIGATIONS OF OLFACTORY IMPRINTING TO NATAL ODORS IN CISCO COREGONUS ARTEDI

  • UNIVERSITY OF WISCONSIN - STEVENS POINT

    $238,242

    ESTIMATION OF LAKE WHITEFISH SPAWNING STOCK ABUNDANCE USING CLOSE-KIN MARK-RECAPTURE

  • HURON PINES

    $196,997

    UPPER THUNDER BAY RIVER RESTORATION

  • COMMUNITY FOUNDATION FOR NORTHEAST MICHIGAN

    $161,578

    MARINE DEBRIS STEWARDS

  • MICHIGAN STATE UNIVERSITY EXTENSION

    $159,059

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

  • CITY OF ALBION

    $150,000

    CITY OF ALBION DAMS REMOVAL PROJECT

  • UNIVERSITY OF WYOMING

    $150,000

    PROJECT QUANTIFYING ENVIRONMENTAL DRIVERS OF FISH COMMUNITY DYNAMICS ACROSS THE GREAT LAKES

  • TIP OF THE MITT WATERSHED COUNCIL

    $127,270

    WATERSHED ACADEMY EXPANSION

  • ST JOSEPH COUNTY CONSERVATION DISTRICT

    $84,934

    ST. JOSEPH RIVER WATERSHED ROAD STREAM CROSSING INVENTORY

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423199349317282

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

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