2021-10-19T09:24:17-05:00 2020-12-31 382806590 MAKELA TOUTANT HILL NARDI & KATONA PC 201 W BLUFF STREET MARQUETTE MI 49855 990 2020-01-01 473130767 NORTHERN GREAT LAKES INITIATIVES NORT 9062285571 1401 PRESQUE ISLE JACOBETTI NO 2 MARQUETTE MI 49855 ELISSA SANGALLI PRESIDENT 9062285571 2021-10-19 1 ELISSA SANGALLI 999009999 ROBIN RAUVALA CPA P00070626 9062283600 2021-09-22 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELISSA SANGALLI 1401 PRESQUE ISLE JACOBETTI NO 202 MARQUETTE MI 49855 5456029 0 X WWW.NORTHERNINITIATIVES.ORG X 2014 MI TO ENCOURAGE, PROMOTE, AND FOSTER COMMUNITY REVITALIZATION PROJECTS AND PROGRAMS. 20 19 30 20 0 0 2420183 3204688 1588062 1823804 91219 4167 0 0 4099464 5032659 0 0 0 0 1938528 2117973 0 0 0 1950919 2938660 3889447 5056633 210017 -23974 30290395 33507545 17574925 20816049 12715470 12691496 X TO ENCOURAGE, PROMOTE, AND FOSTER REVITALIZATION PROJECTS AND PROGRAMS BY OFFERING LOANS, STRATEGIC PLANNING AND OTHER SUPPORT TO ECONOMICALLY DISADVANTAGED COMMUNITIES IN THE GREAT LAKES WATERSHED REGION THAT ARE UNABLE TO ACCESS SUPPORT FROM TRADITIONAL SOURCES. 0 1 3548548 1504315 FINANCE SERVICES: PROVIDED AFFORDABLE ACCESS TO CAPITAL TO RURAL AND UNDERSERVED MARKETS FROM ITS REVOLVING LOAN FUND AND ASSOCIATED GRANTS. 912816 282457 BUSINESS DEVELOPMENT SERVICES: PROVIDED CONSULTING, TRAINING AND TECHNICAL ASSISTANCE TO BUSINESSES FOR PROCESS IMPROVEMENTS, SYSTEMS DEVELOPMENT, MARKET RESEARCH SERVICES, E-COMMERCE SERVICES, ACCOUNTING AND MARKETING ASSISTANCE. 4461364 1 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 35 0 1 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MI X TERRI GOVERN 9062285571 1401 PRESQUE ISLE JACOBETTI COMPLEX MARQUETTE MI 49855 ELISSA SANGALLI PRESIDENT (PART YEAR) 41.20 X X 114279 0 12156 DENNIS J WEST PRESIDENT (PART YEAR) 40.00 X X 96458 0 14349 ALFRED JOYAL III CHAIRPERSON 0.50 X X 0 0 0 THOMAS VEAR VICE CHAIRPERSON 0.50 X X 0 0 0 KATHY MASON TREASURER 0.50 X X 0 0 0 CHARLES VAN LOAN ASSISTANT TREASURER 0.50 X X 0 0 0 MARY HOUGHTON SECRETARY 0.50 X X 0 0 0 RON GRZYWINSKI ASSISTANT SECRETARY 0.50 X X 0 0 0 WES MAURER JR ASSISTANT SECRETARY 0.50 X X 0 0 0 KEVIN BOYLE TRUSTEE 0.50 X 0 0 0 R GAVIN LEACH TRUSTEE 0.50 X 0 0 0 JESSE SCHRAMM TRUSTEE 0.50 X 0 0 0 BOB VALENTINE TRUSTEE 0.50 X 0 0 0 CHANDRA MCMILLION TRUSTEE 0.50 X 0 0 0 PETER GRAVES TRUSTEE 0.50 X 0 0 0 MARK WILLIAMS TRUSTEE 0.50 X 0 0 0 SARA PROANO TRUSTEE 0.50 X 0 0 0 MEREDITH FREEMAN TRUSTEE 0.50 X 0 0 0 GREG WEST TRUSTEE 0.50 X 0 0 0 CHARLES H HURST VICE PRESIDENT LENDING 40.40 X 104603 0 6598 315340 0 33103 2 0 0 0 RENDER STUDIOS INC 921 N WASHINGTON AVE LANSING MI 48906 VIDEO PRODUCTION 159879 1 1982370 1222318 3204688 LOAN INTEREST 525990 1373254 1373254 PROGRAM FEES 541900 282457 282457 LOAN FEES 525990 168093 168093 1823804 41199 41199 386338 423370 -37032 -37032 -37032 5032659 1786772 0 41199 350348 110394 239954 1365245 1260750 104495 88387 80215 8172 186826 156578 30248 127167 101820 25347 13568 12054 1514 43578 35723 7855 30500 25002 5498 4180 3427 753 444572 386235 58337 3678 2198 1480 134299 108624 25675 111677 84328 27349 32455 14275 18180 9272 2722 6550 344658 344658 25652 21774 3878 BAD DEBT EXPENSE 1663707 1663707 FEES AND LICENSES 78000 46623 31377 -1136 257 -1393 5056633 4461364 595269 0 13035897 15143660 278637 305016 16502942 17567216 25052 18170 105605 105605 0 0 447867 473483 30290395 33507545 534065 343137 536545 1510262 10355 19000 9318960 11242150 7175000 7701500 17574925 20816049 X 5943188 6739195 6772282 5952301 12715470 12691496 30290395 33507545 -23974 0 X 0 1 X 1 1 1 X 86222 115607 13169841 2420183 3204688 18996541 86222 115607 13169841 2420183 3204688 18996541 1623996 17372545 1461 78582 41199 121242 19117783 3544399 0.90870 0.92330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 16250 0 0 0 16250 0 PART II-B, LINE 1: LINE 1F REPRESENTS PAYMENTS TO RAPOZA FOR LOBBYING ACTIVITIES. 0 1 X 105605 105605 0 0 X PART IV, LINE 2B: THE ESCROW LIABILITY ACCOUNT CONSISTS OF $19,000 FOR REPLACEMENT OF AN UNDERGROUND GAS TANK. PART X, LINE 2: NORTHERN INITIATIVES IS A NONPROFIT CORPORATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, AS SUCH, IS NOT SUBJECT TO INCOME TAXES. NORTHERN INITIATIVES HAS FILED INTERNAL REVENUE SERVICE FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AS REQUIRED. NORTHERN INITIATIVES BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON NORTHERN INITIATIVES' FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. FORM 990, PART III, LINE 3 THE ORGANIZATION PROVIDES BUSINESS DEVELOPMENT SERVICES AS DESCRIBED ON LINE 4B OF PART III OF THIS RETURN. PART OF THESE SERVICES INCLUDE ONLINE BUSINESS RESOURCES WITH INTERACTIVE TOOLS, TEMPLATES, VIDEOS, AND GUIDES. THE USERS OF THIS ONLINE BUSINESS RESOURCE SERVICE HAVE EXPANDED BEYOND THE GREAT LAKES WATERSHED REGION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS FOUR CLASSES OF TRUSTEES. CLASS A, B AND C TRUSTEES HAVE EQUAL VOTING RIGHTS. FIVE CLASS A TRUSTEES ARE APPOINTED BY NORTHERN MICHIGAN UNIVERSITY (A TAX-EXEMPT ORGANIZATION). TEN CLASS B TRUSTEES ARE APPOINTED BY A MAJORITY VOTE OF THE CLASS B TRUSTEES. ONE CLASS C TRUSTEE IS APPOINTED BY THE MICHIGAN STRATEGIC FUND. CLASS D TRUSTEES ARE NON-VOTING AND ARE CONSIDERED AN EMERITUS AND TRAINING CLASS. UP TO FIVE CLASS D TRUSTEES ARE APPOINTED BY A MAJORITY VOTE OF CLASS A AND B TRUSTEES. IN ADDITION, THE PRESIDENT OF THE ORGANIZATION IS AN EX-OFFICIO BOARD MEMBER WITH ONE VOTING RIGHT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES VIA EMAIL PRIOR TO FILING AND A FINAL COPY OF THE RETURN IS INCLUDED IN THE NOVEMBER BOARD PACKET. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF ETHICS POLICY IS ANNUALLY SIGNED BY TRUSTEES AND REQUIRES THEM TO ATTACH A LIST OF ALL OWNERSHIP INTERESTS/ACTIVITIES WHICH MAY CONSTITUTE A CONFLICT OF INTEREST WITH THE ORGANIZATION. IN ADDITION, NO EMPLOYEE, OFFICER OR CREDIT COMMITTEE MEMBER SHALL PARTICIPATE IN ANY PROCESSING, REVIEW, APPROVAL OR DOCUMENTATION AFFECTING ANY POTENTIAL LOAN IN WHICH THEY HAVE A CONFLICT OR COULD BE PRERCEIVED TO HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION FOR THE OTHER OFFICER IS REVIEWED BY THE PRESIDENT AND INCLUDED IN THE BUDGET PROCESS THAT IS PROVIDED TO THE BOARD OF TRUSTEES. A WAGE AND SALARY STUDY WAS DONE BY AN INDEPENDENT COMPANY FOR ALL EMPLOYEES A FEW YEARS AGO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. UP BUSINESS CAPITAL INC 1401 PRESQUE ISLE JACOBETTI STE 202 MARQUETTE MI 49855 452471096 LENDING & EQUITY INVESTING MI 501(C)(3) LINE 7 NORTHERN GREAT LAKES INITIATIVES 1 UPPER PENINSULA CERTIFIED DEVELOPMENT COMPANY 1401 PRESQUE ISLE JACOBETTI STE 202 MARQUETTE MI 49855 462796593 LENDING MI 501(C)(4) NORTHERN GREAT LAKES INITIATIVES 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0