Overview
What is Great Lakes Training & Dev Corporation?
Great Lakes Training & Dev Corporation is a nonprofit organization located at 3733 Dewey Street, Manitowoc, Wisconsin 54220. Their primary mission is to operate innovative and effective employment and training programs, providing a pathway towards economic self-sufficiency for their participants. By offering job training, employment training, and basic skills improvement programs, the corporation aims to develop a reliable workforce that benefits the communities they serve. With a team of 11 dedicated individuals, Great Lakes Training & Dev Corporation plays a vital role in empowering individuals and strengthening local workforces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Great Lakes Training & Development Corporation has earned a strong Three-Star rating from Charity Navigator, reflecting an 82% score in their overall evaluation. This rating is based entirely on the organization's Accountability & Finance score, highlighting its commitment to financial integrity and transparency. The charity's practices in board governance and financial oversight contribute positively to its overall evaluation.
The organization boasts a fully independent board with all eight members meeting the criteria for independence, which is a significant strength. Additionally, the financial health indicators are impressive, with a low liabilities to assets ratio of 2.06% and a program expense ratio of 94.43%, indicating a strong focus on program delivery rather than administrative costs. The charity also documents its board meeting minutes, which further enhances its accountability.
While the overall rating is commendable, it is important to note that the score is solely derived from the Accountability & Finance beacon, suggesting that there may be limited information on other performance areas such as results and impact. However, the absence of material asset diversion and a clean audit process are significant positives for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Great Lakes Training & Dev Corporation legitimate?
Great Lakes Training & Dev Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Lakes Training & Dev Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,083
For more financial information, click here
What is the mission statement of Great Lakes Training & Dev Corporation?
Great Lakes Training & Dev Corporation's mission is centered around operating innovative and successful employment and training programs and related services. The primary goal is to foster economic self-sufficiency among program participants, while simultaneously providing a ready and reliable workforce for the communities they operate in. Their activities include job training programs, employment training, and basic skills improvement initiatives for eligible participants.
Who is the CEO of Great Lakes Training & Dev Corporation?
Thomas Teteak is the Chairman of Great Lakes Training & Dev Corporation.
What is the revenue of Great Lakes Training & Dev Corporation?
Great Lakes Training & Dev Corporation's revenue in 2022 was $1,031,411.
Who are the executives of Great Lakes Training & Dev Corporation and what are their salaries?
The average compensation at Great Lakes Training & Dev Corporation during 2022 was $31,044. There are 11 employees and 5 volunteers at Great Lakes Training & Dev Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $3,400
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
Where can I find the form 990 for Great Lakes Training & Dev Corporation?
Great Lakes Training & Dev Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Great Lakes Training & Dev Corporation
Great Lakes Training & Development Corporation is dedicated to operating innovative and successful employment and training programs and related services. Their primary objective is to promote economic self-sufficiency among their program participants, while simultaneously providing a ready and reliable workforce for the communities they serve. Through their job training programs, employment training, and basic skills improvement initiatives, this corporation strives to equip eligible participants with the necessary tools and knowledge to secure stable employment and improve their livelihoods.
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Impact
July, 2024
Great Lakes Training & Dev Corporation has a significant impact on the community of Manitowoc, WI. By providing job training programs, employment training, and basic skills improvement programs for eligible participants, the organization helps individuals achieve economic self-sufficiency. This not only benefits the program participants but also contributes to building a ready and reliable workforce for the local communities. Great Lakes Training & Dev Corporation plays a crucial role in empowering individuals and strengthening the workforce in the area.
This information is meant to be a general summary of Great Lakes Training & Dev Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $76,559
- Program Service Revenue: $358,786
- Gross Receipts: $1,031,411
Assets and Liabilities:
- Total Assets: $5,424,050
- Total Liabilities: $83,491
- Net Assets: $5,340,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$358,786
Organization Details
Founding Year
1979
Phone
(920) 683-5026Principal Officer
Thomas Teteak
Main Address
3733 DEWEY STREET, MANITOWOC, WI, 54220
NTEE Category
Code: J220 - Employment
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