Gleaner Life Insurance Society

“As an irc section 501(c)(8), all of our insured (life certificates) and annuitants (annuity certificates) have membership rights in the society.”

“As an irc section 501(c)(8) organization, we are required to have "lodges" (we refer to them as arbors). Every two years we have a convention in which each arbor elects delegates to attend the convention. The delegates are responsible for electing the board of directors.”

“Our board of directors authorizes changes to our constitution and by-laws, but it is our membership, through elected delegates, that must approve the changes. Approval happens at our conventions which occur every two years.”

“A michigan certified public accounting firm, andrews hooper pavlik plc prepares our return. The review of our return was performed by todd warner, svp, cfo, and cio. As part of the review, the input of our board members was sought. A copy of our form 990 was provided to each voting and non- voting member of our board of directors. Board members were provided a copy of the form 990 before the november 15th filing. If any changes, an updated copy was provided to each board member prior to electronically filing the return with the internal revenue service.”

“Every member of the board of directors (board of directors conflict of interest policy) as well as every employee (conflict of interest policy for officers and responsible employees) provides a signed acknowledgement of our conflict of interest policy at each year-end. An individual's signed acknowledgement is in response to our written policy that precedes the acknowledgement form. The ongoing monitoring of each conflict of interest policy is performed by each individual as well as our senior vice president -hr. At year-end, our independent auditors review the conflict of interest acknowledgements. If a conflict exists, the individual will remove him/herself from the transaction or he/she is removed from the transaction, if a known conflict exists.”

“The process for determining compensation for the ceo of the organization involved the following: utilizing written employment contracts.”

“Documents available to the public upon request.”

“Mr. Frank dick, chairman emeritus of gleaner life insurance society (society), instructed the society to donate the compensation he earned as chairman emeritus (21,070) to gleaner life insurance society scholarship foundation. The foundation awards scholarships to deserving students.”

“Gleaner life insurance society ("gleaner") is a fraternal benefit society. Its mission is to be a friend of the family that provides its members with financial security, fraternal benefits, and volunteer opportunities served with integrity, respect, and accountability. The purpose of the board of directors of gleaner life insurance society (on behalf of our members) is to provide leadership and maintain a system of governance so that the society achieves its mission and avoids unacceptable actions and situations. The "core board values" are: - good people doing good things - leadership - ethical with integrity - accountable to our members - now and for the future - equality of all members - respect and value relationships - serve and care for our members gleaner provides life, sickness, accident, and other benefits to its members. Through 67 active arbors and 6 state associations, benevolent and fraternal acts are performed. Coordination of members, orphan benefits, scholarships (through gleaner life insurance society scholarship foundation), family days, social gatherings, publications, etc are examples of its significant activities.”

“All lines left blank are not applicable to the organization.”

“Our members (and sometimes invited guests) volunteer their time and efforts to help further arbor's (our subordinate lodges) respective causes. The society does not maintain an actual count of each gleaner member's volunteer efforts; it estimates 8,256 individuals, in total, volunteered their services with a gleaner arbor from january 1, 2021 through december 31, 2021. In total, over 27,244 hours were volunteered.”

“Change in non-admitted assets -684,178 change in asset valuation reserve -4,602,183 change in liability reins 175,522 change in surplus due to reinsurance -881,592 aggregate write ins unrealized g/l -856,813 total -6,849,244”