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← GREAT LAKES BOAT BUILDING SCHOOL

Form 990 for tax year 2024

Filed by GREAT LAKES BOAT BUILDING SCHOOL.

Totals

Total revenue
$4,194,329
Total expenses
$2,127,188
Contributions and grants received
$3,501,970
Grants paid
$218,720
Program service revenue
$677,774
Investment income
$14,661
Other revenue
-$76
Total assets, end of year
$6,541,127
Total liabilities, end of year
$2,951,155
Net assets or fund balances, end of year
$3,589,972
Program services expenses (Part IX)
$1,165,950
Management and general expenses
$421,496
Fundraising expenses
$539,742
Program service expenses (Part III)
$1,165,950

Program services were 54.8% 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.

  • 1c · Fundraising events

    $37,905

  • 1e · Government grants (contributions)

    $33,345

  • 1f · All other contributions, gifts and grants

    $3,430,720

  • 1g · Noncash contributions included above

    $61,392

  • 2a · Program service revenue: TUITION AND FEES

    total $677,774 · related or exempt $677,774

  • 3 · Investment income

    total $14,661 · excluded $14,661

  • 8a · Fundraising events: gross income

    $7,000

  • 8a · Fundraising events: contributions included on line 1c

    $37,905

  • 8b · Fundraising events: direct expenses

    $13,365

  • 8c · Net income from fundraising events

    total -$6,365 · excluded -$6,365

  • 10a · Gross sales of inventory

    $22,358

  • 10b · Cost of goods sold

    $22,023

  • 10c · Net income from sales of inventory

    total $335 · related or exempt $335

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,954 · related or exempt $5,954

  • 11e · Other revenue, total

    $5,954

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $218,720 · program services $218,720

  • 5 · Compensation of officers, directors and key employees

    total $364,838 · program services $126,414 · management and general $137,425 · fundraising $100,999

  • 7 · Other salaries and wages

    total $447,103 · program services $194,892 · management and general $110,369 · fundraising $141,842

  • 9 · Other employee benefits

    total $20,130 · program services $11,523 · management and general $1,827 · fundraising $6,780

  • 10 · Payroll taxes

    total $73,411 · program services $29,365 · management and general $22,023 · fundraising $22,023

  • 11b · Fees: legal

    total $10,143 · program services $3,347 · management and general $3,449 · fundraising $3,347

  • 11c · Fees: accounting

    total $43,634 · program services $14,399 · management and general $14,836 · fundraising $14,399

  • 11g · Fees: other

    total $83,318 · program services $27,578 · management and general $28,213 · fundraising $27,527

  • 12 · Advertising and promotion

    total $73,830 · program services $73,830

  • 13 · Office expenses

    total $31,522 · program services $16,712 · management and general $6,978 · fundraising $7,832

  • 16 · Occupancy

    total $68,514 · program services $41,482 · management and general $27,032

  • 17 · Travel

    total $48,855 · program services $24,428 · fundraising $24,427

  • 19 · Conferences, conventions and meetings

    total $3,379 · program services $3,379

  • 20 · Interest

    total $108,666 · program services $86,933 · management and general $21,733

  • 22 · Depreciation, depletion and amortization

    total $113,591 · program services $85,193 · management and general $28,398

  • 23 · Insurance

    total $43,436 · program services $34,747 · management and general $8,689

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $211,072 · program services $30,779 · fundraising $180,293

  • 24b · Other expenses: CURRICULUM SUPPLIES

    total $89,536 · program services $89,536

  • 24c · Other expenses: EVENT EXPENSE

    total $38,434 · program services $38,434

  • 24d · Other expenses: MISCELLANEOUS

    total $22,556 · program services $11,483 · management and general $8,304 · fundraising $2,769

  • 24e · All other expenses

    total $12,500 · program services $2,776 · management and general $2,220 · fundraising $7,504

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,447 · end of year $89,818

  • 2 · Savings and temporary cash investments

    beginning of year $666,129 · end of year $2,980,617

  • 3 · Pledges and grants receivable

    beginning of year $220,293 · end of year $105,908

  • 4 · Accounts receivable

    beginning of year $12,087 · end of year $5,807

  • 8 · Inventories for sale or use

    beginning of year $79,347 · end of year $49,496

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,669 · end of year $9,105

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

    $4,387,418

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

    $1,101,247

  • 10c · Land, buildings and equipment, net

    beginning of year $1,686,427 · end of year $3,286,171

  • 13 · Investments: program-related

    beginning of year $9,028 · end of year $13,280

  • 15 · Other assets

    beginning of year $925 · end of year $925

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,135 · end of year $119,024

  • 19 · Deferred revenue

    beginning of year $500 · end of year $1,250

  • 22 · Loans and payables to officers and key people

    end of year $1,338,096

  • 23 · Secured mortgages and notes payable

    beginning of year $508,890 · end of year $1,342,785

  • 24 · Unsecured notes and loans payable

    beginning of year $635,996 · end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $762,845 · end of year $2,588,331

  • 28 · Net assets with donor restrictions

    beginning of year $754,986 · end of year $1,001,641

Mission and programs · 2024

Mission

TO PREPARE STUDENTS FOR REWARDING CAREERS IN THE MARITIME INDUSTRY.

  • GREAT LAKES BOAT BUILDING SCHOOL WAS ORGANIZED IN MICHIGAN AS A NOT-FOR-PROFIT CORPORATION IN 2005. THE WORK OF THE ORGANIZATION IS TO PREPARE THE STUDENTS FOR REWARDING CAREERS IN THE MARINE INDUSTRY. THE ORGANIZATION'S VISION IS TO BE THE LEADER IN MARINE WORKFORCE DEVELOPMENT IN THE GREAT LAKES REGION. THE 12-MONTH COMPREHENSIVE CAREER BOAT BUILDING PROGRAM PREPARES STUDENTS FOR EMPLOYMENT IN WOOD BOAT BUILDING, RESTORATION AND SERVICE. THE 12-MONTH MARINE SERVICE TECHNOLOGY PROGRAM PREPARES STUDENTS TO BECOME ENTRY-LEVEL MARINE TECHNICIANS AND OFFERS A PARTNERSHIP WITH MERCURY MARINE.

    Expenses $1,165,950 · Grants $218,720 · Revenue $684,063

As filed on the 2024 return.

Listed in Part VII

  • Amy Totonchi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Gutowski

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cristin Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Moore

    VICE CHAIRMAN AND SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Janet Carrington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Fusco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Tassier

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mark Birkmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Schuster

    INTERIM CHAIR AND TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Rob Rosenstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Bernard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Irish Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas May

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Slikkers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wayne Schmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brody Waybrant

    INTERIM PRESIDENT & DIRECTOR OF EDUCATION

    Total calculated
    $56,556
    From this org
    $56,556
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Autore

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $63,758
    From this org
    $55,820
    From related orgs
    $0
    Other
    $7,938
    Hours/week
    40

  • Nicole Storey

    PRESIDENT

    Total calculated
    $141,856
    From this org
    $116,500
    From related orgs
    $0
    Other
    $25,356
    Hours/week
    40

  • Thomas Coates

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $97,246
    From this org
    $94,104
    From related orgs
    $0
    Other
    $3,142
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 April 2026
IRS schema version
2024v5.5
Source object
202621039349301802

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