Civic Intelligence

Grand Traverse Industries Inc.

990 • Fiscal year 2017 • EIN 38-2090521

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 30, 2018

Organization Profilewww.grandtraverseindustries.com

View Organization Page

2883 Aero Park DriveTraverse City, MI 49686

(231) 922-4886

Siviq Scores

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

Liabilities / Assets

79th percentile

0.49x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.55x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$137,504

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

29th percentile

-2.4%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

0.4%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$4,030,055

Down $99,406 (-2.4%) from 2016

Net Assets

Up

$2,071,429

Up $52,447 (+2.6%) from 2016

Liabilities

Down

$1,958,626

Down $151,853 (-7.2%) from 2016

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin47th percentile

Revenue

Up

$3,564,698

Up $13,365 (+0.4%) from 2016

Expenses

Up

$3,492,711

Up $58,654 (+1.7%) from 2016

Net Income

Down

$71,987

Down $45,289 (-39%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$10M$5.0M$0Assets 2010: $2,502,061Liabilities 2010: $837,513Net Assets 2010: $1,664,5482010Assets 2011: $2,549,361Liabilities 2011: $766,546Net Assets 2011: $1,782,8152011Assets 2012: $3,496,434Liabilities 2012: $1,600,561Net Assets 2012: $1,895,8732012Assets 2013: $3,506,307Liabilities 2013: $1,478,864Net Assets 2013: $2,027,4432013Assets 2014: $3,340,479Liabilities 2014: $1,363,323Net Assets 2014: $1,977,1562014Assets 2015: $3,178,287Liabilities 2015: $1,261,043Net Assets 2015: $1,917,2442015Assets 2016: $4,129,461Liabilities 2016: $2,110,479Net Assets 2016: $2,018,9822016Assets 2017: $4,030,055Liabilities 2017: $1,958,626Net Assets 2017: $2,071,4292017Assets 2018: $4,097,564Liabilities 2018: $1,959,363Net Assets 2018: $2,138,2012018Assets 2019: $4,096,267Liabilities 2019: $1,783,429Net Assets 2019: $2,312,8382019Assets 2020: $4,276,874Liabilities 2020: $1,742,286Net Assets 2020: $2,534,5882020Assets 2021: $4,640,758Liabilities 2021: $548,747Net Assets 2021: $4,092,0112021Assets 2022: $6,663,673Liabilities 2022: $2,354,253Net Assets 2022: $4,309,4202022Assets 2023: $8,142,268Liabilities 2023: $3,025,622Net Assets 2023: $5,116,6462023Assets 2024: $8,793,683Liabilities 2024: $2,891,320Net Assets 2024: $5,902,3632024

Highlighted filing

2017

Assets$4,030,055
Liabilities$1,958,626
Net Assets$2,071,429
Open 2017 Filing

Operations Trend

Revenue Growth39th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2010: $2,704,1982010Expenses 2011: $2,845,7862011Expenses 2012: $3,078,2712012Revenue 2013: $3,250,708Expenses 2013: $3,225,913Net Income 2013: $24,7952013Revenue 2014: $3,530,651Expenses 2014: $3,341,366Net Income 2014: $189,2852014Revenue 2015: $3,575,076Expenses 2015: $3,418,109Net Income 2015: $156,9672015Revenue 2016: $3,551,333Expenses 2016: $3,434,057Net Income 2016: $117,2762016Revenue 2017: $3,564,698Expenses 2017: $3,492,711Net Income 2017: $71,9872017Revenue 2018: $3,907,366Expenses 2018: $3,798,512Net Income 2018: $108,8542018Revenue 2019: $4,141,533Expenses 2019: $3,938,614Net Income 2019: $202,9192019Revenue 2020: $3,701,479Expenses 2020: $3,467,262Net Income 2020: $234,2172020Revenue 2021: $5,430,260Expenses 2021: $3,872,837Net Income 2021: $1,557,4232021Revenue 2022: $4,177,412Expenses 2022: $3,925,256Net Income 2022: $252,1562022Revenue 2023: $4,817,148Expenses 2023: $4,044,669Net Income 2023: $772,4792023Revenue 2024: $5,249,845Expenses 2024: $4,464,128Net Income 2024: $785,7172024

Highlighted filing

2017

Revenue$3,564,698
Expenses$3,492,711
Net Income$71,987
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 30, 2018
Return Version
2016v3.0
Gross Receipts
$4,751,069
Mission and Program Overview

Mission

Grand traverse industries provides advocacy, employment, and training support and services to persons with disabilities or other barriers to employment to help them achieve their highest level of independence. Grand traverse industries provides high quality products and services to its customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,212,541$3,139,200▼ $73,341
Accounts Receivable$428,327$415,810▼ $12,517
Inventories for Sale or Use$281,071$201,829▼ $79,242
Cash and Non-Interest-Bearing Accounts$85,267$144,049▲ $58,782
Receivable From Disqualified Prsn$62,278$123,778▲ $61,500
Loans From Officers Directors-$50,000-
Savings and Temporary Cash Investments$30,653$0▼ $30,653
Prepaid Expenses and Deferred Charges$34,087$29,692▼ $4,395
Total Assets$4,129,461$4,030,055▼ $99,406
Other Assets Total$-4,763$-24,303▼ $19,540
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,127,935$1,491,548▲ $363,613
Accounts Payable and Accrued Expenses$299,187$333,654▲ $34,467
Other Liabilities$683,357$83,424▼ $599,933
Total Liabilities$2,110,479$1,958,626▼ $151,853
Net Assets / Fund Balance
Unrestricted Net Assets$2,018,982$2,071,429▲ $52,447
Total Net Assets Fund Balance$2,018,982$2,071,429▲ $52,447
Total Liabilities and Net Assets / Fund Balance$4,129,461$4,030,055▼ $99,406

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,501,402$1,201,016$3,702,418
Equipment$267,433$743,830$1,011,263
Other Land Buildings$108,092$161,985$270,077
Land$180,159-$180,159
Leasehold Improvements$82,114$45,468$127,582
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve PerduePresident & CEOFT$120,750$16,754$137,504

Board Members and Trustees

NameTitle
Jennifer Ewingchairperson
Kathey YoukerviCE CHAIR
Max AndersonDirector
Robert ParkerDirector
Teri BrownDirector
ann steinerdirector
gerald mcavoydirECTOR
Nancy Gilessecretary
Dan StoudttREASURER
Revenue and Support

Revenue Composition

Contributions and Grants
$6,218
Program Service Revenue
$3,377,207
Investment Income
$-1,728
Other Revenue
$183,001
All Other Contributions
$6,218
Change in Net Assets
$71,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,871,853
Other Expenses$620,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,920,005$265,618-$2,185,623
Other Employee Benefits$299,030$41,265-$340,295
Payroll Taxes$184,113$24,898-$209,011
Current Officers, Directors, Trustees, and Key Employees$68,462$68,462-$136,924
Depreciation Depletion$126,178$1,722-$127,900
Other Expenses$59,362$569-$59,931
Insurance$56,176$718-$56,894
Interest$41,696--$41,696
All Other Expenses$30,010$504-$30,514
Office Expenses$29,314$269-$29,583
Fees for Services Accounting-$23,650-$23,650
Travel$20,945$229-$21,174
Advertising-$4,366-$4,366
Occupancy$1,404--$1,404
Total Functional Expenses$3,052,869$439,842$0$3,492,711
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$62,278$123,778▲ $61,500
Loans from Officers, Directors, Trustees, and Key Employees-$50,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current portion of Long Term Debt$83,424
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Section B, line 11B

“The full board reviews and approves Form 990 with an email vote, including unanimous audit committee approval, prior to e-filing. This is per board policy.”

Form 990, Part VI, Section B, line 12C

“An interested person may make a presentation at the board or committee meeting, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. The chairperson of the board or committee may appoint a disinterested person to investigate possible alternatives. After exercising due diligence the board or committee will determine whether the corporation can obtain a more advantageous transaction that would not give rise to a conflict of interest. If a more advantageous transaction is not reasonably attainable the board or committee shall determine by a majority vote of disinterested directors whether or not the transaction should be entered into.”

Form 990, Part VI, Section B, line 15

“It shall be the philosophy of the Grand Traverse Industries Board of Directors that the compensation practices for the Chief Executive Officer and any other employee deemed "highly compensated" shall first and foremost be in keeping with state and local norms and the decision for which shall be the exclusive right of the Board of Directors. The philosophy shall include consideration of the following. 1. IRS Intermediate Sanctions, per Internal Revenue Code Section 4958. 2. Reasonable comparability with similar organizations - market conditions. 3. The job description and actual work performed. 4. Performance, experience, and tenure. 5. Availability of funds.”

Form 990, Part VI, Section C, line 19

“Yearly, the Audited Financial statements are printed and mailed or given to persons of interest and may be viewed by the public at any time. The conflict of interest policy and governing documents are available for review.”

Filing and Contact Details

Filer

Filer Name
Grand Traverse Industries Inc
EIN
38-2090521
Phone
2319224886
Address
2883 Aero Park Drive, Traverse City, MI 49686

Signing Officer

Name
steve h perdue
Title
president/CEO
Phone
2319224886
Signed
2018-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
steve h perdue
Formed
1975
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
471
Volunteers
9

Preparer

Firm
Rehmann Robson LLC
Address
Milliken Place 107 S Cass Ste A, Traverse City, MI 49684
Preparer
Kerry J Nelson CPA
Phone
2319463230
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“current year decrease - investment in subsidiaries -19,540.”

Form 990, Part XII, Line 2C

“Process is consistent with prior year.”

Financial Statement Notes

Part X, Line 2:

“Grand Traverse Industries, Inc. is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is exempt from similar state and local taxes. Although GTI was granted income tax exemptions by the Internal Revenue Service, such exemption does not apply to "unrelated business taxable income." Such income, pursuant to the Internal Revenue Code and related regulations, includes investment income such as interest received from sources other than directly from the membership. The Organization analyzes its income tax filing positions in the federal and state jurisdictions where it is required to file tax returns, as well as all open tax years in these jurisdictions, to identify potential uncertain tax positions. Interest and penalties attributable to income taxes to the extent they arise, are reflected as a component of its operating expenses.”

Raw XML AppendixShowing 400 of 576 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0GRAND TRAVERSE INDUSTRIES PROVIDES ADVOCACY, EMPLOYMENT, AND TRAINING SUPPORT AND SERVICES TO PERSONS WITH DISABILITIES OR OTHER BARRIERS TO EMPLOYMENT TO HELP THEM ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE. GRAND TRAVERSE INDUSTRIES PROVIDES HIGH QUALITY PRODUCTS AND SERVICES TO ITS CUSTOMERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt094328
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0-24303
IRS990/OtherChangesInNetAssetsAmt0-19540
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IRS990/OtherExpensesGrp/Desc0Contract Services
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Utilities
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11094
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2659
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IRS990/OtherExpensesGrp/ProgramServicesAmt090770
IRS990/OtherExpensesGrp/ProgramServicesAmt165457
IRS990/OtherExpensesGrp/ProgramServicesAmt259947
IRS990/OtherExpensesGrp/ProgramServicesAmt359362
IRS990/OtherExpensesGrp/TotalAmt096589
IRS990/OtherExpensesGrp/TotalAmt166551
IRS990/OtherExpensesGrp/TotalAmt260606
IRS990/OtherExpensesGrp/TotalAmt359931
IRS990/OtherLiabilitiesGrp/BOYAmt0683357
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1561000
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUES
IRS990/OtherRevenueMiscGrp/Desc1administrative fees from related
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt042306
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15190
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt05190
IRS990/OtherRevenueTotalAmt047496
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0265618
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01920005
IRS990/OtherSalariesAndWagesGrp/TotalAmt02185623
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024898
IRS990/PayrollTaxesGrp/ProgramServicesAmt0184113
IRS990/PayrollTaxesGrp/TotalAmt0209011
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034087
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029692
IRS990/PrincipalOfficerNm0steve h perdue
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624310
IRS990/ProgramServiceRevenueGrp/BusinessCd1310000
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Rehabilitation Service
IRS990/ProgramServiceRevenueGrp/Desc1Production Revenue
IRS990/ProgramServiceRevenueGrp/Desc2MRS Service Fees
IRS990/ProgramServiceRevenueGrp/Desc3Vending Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02493413
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1681438
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2193665
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02493413
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1681438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2193665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38691
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt028015
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03581
IRS990/PYOtherExpensesAmt0578508
IRS990/PYOtherRevenueAmt071797
IRS990/PYProgramServiceRevenueAmt03447940
IRS990/PYRevenuesLessExpensesAmt0117276
IRS990/PYSalariesCompEmpBnftPaidAmt02855549
IRS990/PYTotalExpensesAmt03434057
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03551333
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt062278
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt0123778
IRS990/ReconcilationRevenueExpnssAmt071987
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt041177
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03513841
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030653
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt06218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt028015
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt071654
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt011614
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt06139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0123640
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01880
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06467
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt055945
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt023438
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt034976
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0122706
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04573594
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04566809
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04154627
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04125870
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03770180
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt021191080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01880
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06467
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt055945
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt023438
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt034976
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0122706
IRS990ScheduleA/InvestmentIncomeCYPct00.00570
IRS990ScheduleA/InvestmentIncomePYPct00.00840
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.80650
IRS990ScheduleA/PublicSupportPY509Pct00.79690
IRS990ScheduleA/PublicSupportTotal509Amt017289036
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0770354
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01029075
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0796079
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0740828
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0689348
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt04025684
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0770354
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt01029075
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0796079
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0740828
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0689348
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt04025684
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04579812
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04137484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03776319
IRS990ScheduleA/Total509Grp/TotalAmt021314720
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04581692
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04601291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04282226
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04160922
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03811295
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt021437426
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02501402
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01201016
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03702418
IRS990ScheduleD/EquipmentGrp/BookValueAmt0267433
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0743830
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01011263
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0180159
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0180159
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt082114
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt045468
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0127582
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0108092
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0161985
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0270077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083424
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Current portion of Long Term Debt
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Grand Traverse Industries, Inc. is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is exempt from similar state and local taxes. Although GTI was granted income tax exemptions by the Internal Revenue Service, such exemption does not apply to "unrelated business taxable income." Such income, pursuant to the Internal Revenue Code and related regulations, includes investment income such as interest received from sources other than directly from the membership. The Organization analyzes its income tax filing positions in the federal and state jurisdictions where it is required to file tax returns, as well as all open tax years in these jurisdictions, to identify potential uncertain tax positions. Interest and penalties attributable to income taxes to the extent they arise, are reflected as a component of its operating expenses.

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,030,055
Liabilities
$1,958,626
Net assets
$2,071,429
Revenue
$3,564,698
Expenses
$3,492,711
Net income
$71,987
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.79$2.89$5.90$5.25$4.46$0.79
2023Detailed filing. Detailed filing data is available for this year.$8.14$3.03$5.12$4.82$4.04$0.77
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$2.35$4.31$4.18$3.93$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.64$0.55$4.09$5.43$3.87$1.56
2020Detailed filing. Detailed filing data is available for this year.$4.28$1.74$2.53$3.70$3.47$0.23
2019Detailed filing. Detailed filing data is available for this year.$4.10$1.78$2.31$4.14$3.94$0.20
2018Detailed filing. Detailed filing data is available for this year.$4.10$1.96$2.14$3.91$3.80$0.11
2017Detailed filing. Detailed filing data is available for this year.$4.03$1.96$2.07$3.56$3.49$0.07
2016Detailed filing. Detailed filing data is available for this year.$4.13$2.11$2.02$3.55$3.43$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.18$1.26$1.92$3.58$3.42$0.16
2014Detailed filing. Detailed filing data is available for this year.$3.34$1.36$1.98$3.53$3.34$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$1.48$2.03$3.25$3.23$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$1.60$1.90$3.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.77$1.78$2.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.84$1.66$2.70