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← GREAT LAKES SPORTS COMMISSION

Form 990 for tax year 2022

Filed by GREAT LAKES SPORTS COMMISSION.

Totals

Total revenue
$41,173
Total expenses
$1,111,859
Contributions and grants received
$25,000
Grants paid
$577,757
Program service revenue
$10,000
Investment income
$6,173
Other revenue
$0
Total assets, end of year
$7,895,734
Total liabilities, end of year
$75,731
Net assets or fund balances, end of year
$7,820,003
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1b · Membership dues

    $25,000

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $10,000 · related or exempt $10,000

  • 3 · Investment income

    total $159,769 · excluded $159,769

  • 7a · Gross sales of assets other than inventory

    securities $1,046,933

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

    securities $1,200,529

  • 7c · Gain or loss

    securities -$153,596

  • 7d · Net gain or loss

    total -$153,596 · excluded -$153,596

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $577,757

  • 11b · Fees: legal

    total $116,475

  • 11c · Fees: accounting

    total $32,055

  • 11d · Fees: lobbying

    total $33,000

  • 11f · Fees: investment management

    total $18,229

  • 11g · Fees: other

    total $263,853

  • 12 · Advertising and promotion

    total $31,011

  • 13 · Office expenses

    total $6,180

  • 17 · Travel

    total $28,666

  • 19 · Conferences, conventions and meetings

    total $3,334

  • 23 · Insurance

    total $1,299

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,897,519 · end of year $606,282

  • 7 · Other notes and loans receivable

    beginning of year $341,665 · end of year $1,286,665

  • 11 · Investments: publicly traded securities

    beginning of year $5,134,660 · end of year $4,382,927

  • 15 · Other assets

    beginning of year $1,659,460 · end of year $1,619,860

  • 17 · Accounts payable and accrued expenses

    end of year $75,731

  • 28 · Net assets with donor restrictions

    beginning of year $9,033,304 · end of year $7,820,003

Mission and programs · 2022

Mission

THE GREAT LAKES SPORTS COMMISSION (GLSC) IS A NON-PROFIT ORGANIZATION DEDICATED TO PROMOTING MICHIGAN AS A PREMIER DESTINATION FOR RECREATION, SPORTS, AND TOURISM. GLSC BUILDS ON THE NATURAL ENERGY OF SPORTS AND RECREATION TO STRENGTHEN THE ECONOMIC VITALITY, HEALTH, AND QUALITY OF LIFE IN MICHIGAN COMMUNITIES. WE HOPE TO GROW THE MICHIGAN TOURISM AND SPORTS FUND INTO A SUSTAINABLE LOAN AND GRANT FUND TO ASSIST INFRASTRUCTURE AND EVENTS FROM ALL OVER THE STATE. WE STRIVE TO CREATE GLOBAL ATTENTION, ECONOMIC GROWTH, TALENT ATTRACTION, AND IMPROVED QUALITY OF LIFE IN OUR GREAT STATE. WITH THE NATURAL BEAUTY OF FOUR SEASONS AND AN INCREDIBLE INFRASTRUCTURE FOR SPORTING EVENTS, MICHIGAN HAS IT ALL. OPERATING WITH INTEGRITY, THE COMMISSION BELIEVES SPORT IS THE FOUNDATION FOR WHAT WE DO AND RECREATION RUNS THROUGH MICHIGAN'S DNA. IN COLLABORATION WITH VALUED PARTNERS, WE OFFER EVERYONE AN OPPORTUNITY TO PARTICIPATE IN WHAT PURE MICHIGAN HAS TO OFFER.

Activities or mission (Part I)

TO PROMOTE MICHIGAN AS A PREMIER DESTINATION FOR RECREATION, SPORTS, AND TOURISM.

  • OFFER BRIDGE LOAN TO KIWANIS SKI CLUB FOR THE PRESERVATION OF THE PINE MOUNTAIN SKI JUMP COMPLEX.

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

Listed in Part VII

  • Suzanne Sanregret

    COMMISSONER

    Total calculated
    $0
    Hours/week
    1

  • Billy Demong

    COMMISSONER

    Total calculated
    $0
    Hours/week
    1

  • Steve Verrette

    COMMISSONER

    Total calculated
    $0
    Hours/week
    1

  • Brigitte Lapointe

    COMMISSONER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Paavola

    COMMISSONER

    Total calculated
    $0
    Hours/week
    1

  • Fritz Erickson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Doug Luciani

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kevin Korpi

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349323132

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