Lake Erie Energy Development Corporation

“Lake Erie Energy Development Corporation ("the Organization") entered into an agreement with the Cleveland-Cuyahoga County Port Authority ("The Authority") in which the Authority is to provide administrative services for the Organization. Administrative Activities: 1. Reviewing and approving invoices; 2. Coordinating with BudgetEase to ensure expenses are booked; 3. Reviewing and approving check runs; 4. Coordinating with BudgetEase to process check runs; 5. Coordinating with Treasurer to sign checks; 6. Changing LEEDCo's address with all related parties (if desired); 7. Administering Cuyahoga Co. Loan (providing required documents/info); 8. Maintaining LEEDCo's System for Award Management (SAM) registration annually (required for DOE awards); 9. Maintaining LEEDCo's Charitable Registration with Ohio Attorney General - annually; 10. Maintaining LEEDCo's Business Trade Name with Ohio Secretary of State; 11. Maintaining LEEDCo's Continued Existence of Nonprofit Corporation with Ohio Secretary of State;”

“After the return is prepared by an independent accounting firm and upon final review by the Executive Director, the final version of the form 990 is given electronically to each board member for a 5 day comment period prior to submission with the IRS.”

“Each director and officer of the Corporation and each member of a committee with Board-Delegated powers annually signs the Disclosure Statement and Affirmation of Compliance. To ensure the Corporation operates in a manner consistent with its tax-exempt purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether Compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. b. Whether partnerships, joint ventures, and arrangements with management organizations conform to the Corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. When conducting the periodic reviews, the Corporation may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted. Violations of the Conflicts of Interest Policy: If the Board has reasonable cause to believe an Interested Person has failed to disclose an actual or possible Conflicts of Interest, the following steps shall be taken: a. The Board shall inform the Interested Person of the basis for such belief and afford the Interested Person an opportunity to explain the alleged failure to disclose. b. If, after hearing the Interested Person's response and after making further investigation as warranted by the circumstances, the Board determines whether the Interested Person has failed to disclose an actual or possible Conflict of Interest, it shall take appropriate disciplinary and corrective action.”

“Governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“Consultants and Professional Services: Program service expenses 27,396. Management and general expenses 20,803. Fundraising expenses 0. Total expenses 48,199.”