Civic Intelligence

Great Lakes Bay Foundation

990 • Fiscal year 2018 • EIN 20-8146148

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 01, 2019

117 South Main Street Ste 3Freeland, MI 48623

(989) 695-6100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.12x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.10x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$168,466

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

37%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$625,492

Up $66,361 (+12%) from 2017

Net Assets

Up

$549,457

Up $151,799 (+38%) from 2017

Liabilities

Down

$76,035

Down $85,438 (-53%) from 2017

Revenue

Up

$754,381

Up $202,148 (+37%) from 2017

Expenses

Down

$602,582

Down $72,236 (-11%) from 2017

Net Income

Up

$151,799

Up $274,384 (+224%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2010: $50,025Liabilities 2010: $24,095Net Assets 2010: $25,9302010Assets 2011: $161,309Liabilities 2011: $15,170Net Assets 2011: $146,1392011Assets 2012: $217,448Liabilities 2012: $27,182Net Assets 2012: $190,2662012Assets 2013: $123,673Liabilities 2013: $15,012Net Assets 2013: $108,6612013Assets 2014: $218,527Liabilities 2014: $113,690Net Assets 2014: $104,8372014Assets 2015: $165,656Liabilities 2015: $44,965Net Assets 2015: $120,6912015Assets 2016: $523,905Liabilities 2016: $3,662Net Assets 2016: $520,2432016Assets 2017: $559,131Liabilities 2017: $161,473Net Assets 2017: $397,6582017Assets 2018: $625,492Liabilities 2018: $76,035Net Assets 2018: $549,4572018Assets 2019: $351,185Liabilities 2019: $35,961Net Assets 2019: $315,2242019Assets 2020: $204,565Liabilities 2020: $64,969Net Assets 2020: $139,5962020Assets 2021: $165,727Liabilities 2021: $50,991Net Assets 2021: $114,7362021Assets 2022: $220,903Liabilities 2022: $179,752Net Assets 2022: $41,1512022Assets 2023: $243,800Liabilities 2023: $298,294Net Assets 2023: -$54,4942023Assets 2024: $109,576Liabilities 2024: $254,607Net Assets 2024: -$145,0312024

Highlighted filing

2018

Assets$625,492
Liabilities$76,035
Net Assets$549,457

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $68,605Expenses 2010: $110,497Net Income 2010: -$41,8922010Expenses 2011: $80,7332011Revenue 2012: $153,799Expenses 2012: $109,672Net Income 2012: $44,1272012Revenue 2013: $285,098Expenses 2013: $366,703Net Income 2013: -$81,6052013Revenue 2014: $556,767Expenses 2014: $560,591Net Income 2014: -$3,8242014Revenue 2015: $121,831Expenses 2015: $105,977Net Income 2015: $15,8542015Revenue 2016: $661,181Expenses 2016: $261,629Net Income 2016: $399,5522016Revenue 2017: $552,233Expenses 2017: $674,818Net Income 2017: -$122,5852017Revenue 2018: $754,381Expenses 2018: $602,582Net Income 2018: $151,7992018Revenue 2019: $469,209Expenses 2019: $703,442Net Income 2019: -$234,2332019Revenue 2020: $484,080Expenses 2020: $659,708Net Income 2020: -$175,6282020Revenue 2021: $517,658Expenses 2021: $542,518Net Income 2021: -$24,8602021Revenue 2022: $525,507Expenses 2022: $599,092Net Income 2022: -$73,5852022Revenue 2023: $680,456Expenses 2023: $776,101Net Income 2023: -$95,6452023Revenue 2024: $624,671Expenses 2024: $715,208Net Income 2024: -$90,5372024

Highlighted filing

2018

Revenue$754,381
Expenses$602,582
Net Income$151,799
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 1, 2019
Return Version
2018v3.1
Gross Receipts
$754,381
Mission and Program Overview

Mission

The mission of the great lakes bay foundation is to encourage, support and celebrate regional collaboration and initiatives that will improve the economic vitality and quality of life in the great lakes bay region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$288,722$351,647▲ $62,925
Pledges and Grants Receivable$256,700$227,170▼ $29,530
Accounts Receivable-$31,000-
Cash and Non-Interest-Bearing Accounts$13,709$14,343▲ $634
Land, Buildings, and Equipment, Net-$1,332-
Total Assets$559,131$625,492▲ $66,361
Liabilities
Accounts Payable and Accrued Expenses$137,973$43,535▼ $94,438
Deferred Revenue$23,500$32,500▲ $9,000
Total Liabilities$161,473$76,035▼ $85,438
Net Assets / Fund Balance
Temporarily Rstr Net Assets$314,353$443,345▲ $128,992
Unrestricted Net Assets$83,305$106,112▲ $22,807
Total Net Assets Fund Balance$397,658$549,457▲ $151,799
Total Liabilities and Net Assets / Fund Balance$559,131$625,492▲ $66,361

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,332$333$1,665
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Matthew FelanPresident$16,597$151,869$16,597

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$726,994
Program Service Revenue
$27,000
Investment Income
$387
Other Revenue
$0
All Other Contributions
$726,994
Change in Net Assets
$151,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$213,663
Grants and Similar Amounts Paid$202,539
Other Expenses$186,380
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$202,539--$202,539
Other Salaries and Wages$191,246$5,820-$197,066
All Other Expenses$21,296$124-$21,420
Current Officers, Directors, Trustees, and Key Employees$16,597--$16,597
Office Expenses$14,419$334-$14,753
Travel$13,901$223-$14,124
Other Expenses$11,616$96-$11,616
Advertising$6,939--$6,939
Information Technology$5,985--$5,985
Occupancy$1,380--$1,380
Depreciation Depletion-$333-$333
Total Functional Expenses$582,994$19,588$0$602,582
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Delta CollegeUniversity Center, MIGovStem$75,000
Essexville-hampton SchoolEssexville, MIGovStem/middle Scl Math$41,479
Saginaw Valley State UniversityUniversity Center, MIGovStem/middle Scl Math$36,169
Freeland Community SchoolsFreeland, MIGovStem$20,101
Bullock Creek School DistrictMidland, MIGovStem/middle Scl Math$15,384
Standish-sterling Community SchoolsStandish, MIGovStem/middle Scl Math$9,387
Renaissance Public School AcademyMount Pleasant, MIGovStem/middle Scl Math$5,019
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the executive director and finance committee before filing.

Form 990, Page 6, Part VI, Line 12C

Employees are required to complete a conflict of interest questionnaire which asks them to list family and business relationships with officers, directors, or key employees of the organization, and list all nonprofit and profit corporations of which they are an officer, director, or member.

Form 990, Page 6, Part VI, Line 15A

The president's salary is determined by the executive committee of the board of directors using comparable compensation for similarly qualified persons at similar organizations. Record keeping of this decision is documented in the executive committee minutes.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Great Lakes Bay Foundation
EIN
20-8146148
Phone
9896956100
Address
117 SOUTH MAIN STREET STE 3, FREELAND, MI 48623

Signing Officer

Name
Robert Rathbun
Title
Secretary/treasurer
Signed
2019-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Felan
Formed
2007
Legal Domicile
Mi
Voting Board Members
45
Independent Board Members
45
Employees
0
Volunteers
45

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
5915 EASTMAN AVE STE 100, MIDLAND, MI 48640-6824
Preparer
Kellie M Bos
Phone
9898357721
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Stem impact initiative - the great lakes bay region has an opportunity to be a national leader in developing a pipeline of talent in science, technology, engineering, and math that drives regional prosperity. This stem talent can propel existing businesses as well as attract new organizations that need people with stem skills. The key to that leadership is enlightened cooperation between employers and the many people who are dedicated to training the workforce of tomorrow. Such region-wide, cross-functional cooperation is virtually unheard of around the country, giving the great lakes bay region the ability to take the lead in this game changing area. A roadmap for achieving stem leadership has been provided by the great lakes bay region stem impact initiative. After extensive research and expert analysis, the initiative identified specific steps that will result in a robust stem talent pipeline.

Form 990, Page 2, Part III, Line 4C

Institute for leaders/ambassadors - the great lakes bay region includes bay, isabella, midland, and saginaw counties. These four counties are natural partners by geography. Increasingly, that partnership is enhanced through efforts focused on specific issues and goals. Combining this natural partnership with prepared leaders, we can accomplish great things. Our region can only be strengthened through the leadership of individuals who are knowledgeable, informed, and ready to advocate and bring resources to the table. Developing such leaders is accomplished through the great lakes bay regional alliance institute for leaders. The institute for leaders curriculum expands participants' knowledge of the great lakes bay region, and introduces powerful, successful scenarios and concepts from other regions or at the state level. The institute for leaders begins in january with a class and orientation dinner. The class meets eight times, january through june, taking july and august off, and will wrap up for the year in october. Each session focuses on a different topic such as economic sustainability, social issues, government, and offers a combination of top-notch presenters, tours, discussions and networking. Throughout the institute for leaders, participants are expected to apply their advanced leadership skills and knowledge to plan creative approaches to opportunities existing in the great lakes bay region; accordingly, our curriculum includes a trained facilitator to aid in this process. We now boast over 280 graduates of the institute for leaders. These ambassadors are our allies and are the key to the individual communities' effective collaboration on any issue or opportunity for the great lakes bay region. The great lakes bay regional alliance institute for leaders represents a long-term investment in providing the leadership essential to creating positive individual and collective futures of bay, isabella, midland and, saginaw counties.

Form 990, Page 2, Part III, Line 4D

Art wave - artwave is a multi-year celebration of the high-quality art and entertainment choices found in the great lakes bay region. Each month, artwave spotlights events and activities in one of the counties in our region, promoting awareness and encouraging everyone that great arts and entertainment from music concerts and museum exhibits to sporting events and film festivals can be found right here. The artwave campaign focuses on one county at a time, on a predetermined schedule selected to coincide with already planned activities/exhibitions.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450
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IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL BACIGALUPO
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK BASSET
IRS990/Form990PartVIISectionAGrp/PersonNm3MARISA HORAK BELOTTI
IRS990/Form990PartVIISectionAGrp/PersonNm4ED BRUFF
IRS990/Form990PartVIISectionAGrp/PersonNm5BECKY CHURCH
IRS990/Form990PartVIISectionAGrp/PersonNm6FRANK CLOUTIER
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm8JIM FABIANO
IRS990/Form990PartVIISectionAGrp/PersonNm9J W FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm10DICK GARBER
IRS990/Form990PartVIISectionAGrp/PersonNm11GAVIN GOETZ
IRS990/Form990PartVIISectionAGrp/PersonNm12JEAN GOODNOW
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm14CHRISTINE HAMMOND
IRS990/Form990PartVIISectionAGrp/PersonNm15DENNIS HOEG
IRS990/Form990PartVIISectionAGrp/PersonNm16JIM HOLTON
IRS990/Form990PartVIISectionAGrp/PersonNm17BRET HYBLE
IRS990/Form990PartVIISectionAGrp/PersonNm18MARTHA KELLER KACZYNSKI
IRS990/Form990PartVIISectionAGrp/PersonNm19TREVOR KEYES
IRS990/Form990PartVIISectionAGrp/PersonNm20GEORGE KIKANO
IRS990/Form990PartVIISectionAGrp/PersonNm21SHANE LADWEIN
IRS990/Form990PartVIISectionAGrp/PersonNm22JON LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm23JEFF MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm24TIM MORALES
IRS990/Form990PartVIISectionAGrp/PersonNm25DICK MOTT
IRS990/Form990PartVIISectionAGrp/PersonNm26DANA MUSCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm27KELLY PEATROSS
IRS990/Form990PartVIISectionAGrp/PersonNm28LARRY PRESTON
IRS990/Form990PartVIISectionAGrp/PersonNm29KEITH PRETTY
IRS990/Form990PartVIISectionAGrp/PersonNm30ROBERT RATHBUN
IRS990/Form990PartVIISectionAGrp/PersonNm31GREG ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm32GEORGE ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm33ANNETTE RUMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm34AMANDA SCHAFER
IRS990/Form990PartVIISectionAGrp/PersonNm35PETER SHAHEEN
IRS990/Form990PartVIISectionAGrp/PersonNm36LINDA SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm37HERB SPENCE III
IRS990/Form990PartVIISectionAGrp/PersonNm38ELLEN TALBOTT
IRS990/Form990PartVIISectionAGrp/PersonNm39RYAN TARRANT
IRS990/Form990PartVIISectionAGrp/PersonNm40TERRI TROTTER
IRS990/Form990PartVIISectionAGrp/PersonNm41ROB VALLENTINE
IRS990/Form990PartVIISectionAGrp/PersonNm42ROBERT VAN DEVENTER
IRS990/Form990PartVIISectionAGrp/PersonNm43RAY VANDRIESSCHE
IRS990/Form990PartVIISectionAGrp/PersonNm44JENEE VELASQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm45MATTHEW FELAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4516597
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt45151869
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$2.55$1.45$6.25$7.15$0.91
2023Detailed filing. Detailed filing data is available for this year.$2.44$2.98$0.54$6.80$7.76$0.96
2022Detailed filing. Detailed filing data is available for this year.$2.21$1.80$0.41$5.26$5.99$0.74
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.51$1.15$5.18$5.43$0.25
2020Detailed filing. Detailed filing data is available for this year.$2.05$0.65$1.40$4.84$6.60$1.76
2019Detailed filing. Detailed filing data is available for this year.$3.51$0.36$3.15$4.69$7.03$2.34
2018Detailed filing. Detailed filing data is available for this year.$6.25$0.76$5.49$7.54$6.03$1.52
2017Detailed filing. Detailed filing data is available for this year.$5.59$1.61$3.98$5.52$6.75$1.23
2016Detailed filing. Detailed filing data is available for this year.$5.24$0.04$5.20$6.61$2.62$4.00
2015Detailed filing. Detailed filing data is available for this year.$1.66$0.45$1.21$1.22$1.06$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.19$1.14$1.05$5.57$5.61$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.24$0.15$1.09$2.85$3.67$0.82
2012Summary only. Only limited summary data is available for this year.$2.17$0.27$1.90$1.54$1.10$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.15$1.46$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.24$0.26$0.69$1.10$0.42