Great Lakes People Fund

“Approx 65 org's, net of forfeitures cash none related c/o: 1323 boyne ave 191,715 0 boyne city, mi 49712 0”

“Accounts receivable 13,605 15,445 total 13,605 15,445”

“Accounts payable and accrued expenses 7,500 16,300”

“The great lakes energy people fund exists to support humanitarian, charitable, scientific, educational, community development, and benevolent purposes by making distributions to organizations qualifying under internal revenue code section 501(c)(3) or as tax exempt organizations. All of the organizations receiving the grants must apply for the grants and qualify accordingly to receive the distributions based upon various factors set forth by the board members of the fund. Great lakes energy members help to enhance the quality of life for people in our communities through the people fund. Bills of participating members are rounded up to the next dollar amount and grants are awarded to non- profit organizations and charitable activities throughout our service area. Grants are awarded by three independent boards of directors representing three geographical regions south, central and north. There are no overhead costs 100 percent of the money collected is returned to our communities. Funds are generally awarded to non-profit organizations or groups for specific humanitarian, educational and community development purposes. Tax exempt organizations may also be eligible. The organizations must serve local communities in our 26 county service area. A portion of the funds may be awarded to organizations that have the capacity to use the funds for individuals or families in crisis. Grants are not given to individuals.”

“Support for qualifying organizations - see further explanation as detailed in organization's "mission- and "primary exempt purpose" statement. Approximately 65 grants were made in the tax year.”

“See revised bylaws adopted/approved october 5, 2015. Copy is attached. The amendment is to article ii, section 8, "regular meetings", and is revised as follows: a regular meeting of the board of directors shall be held without other notice than this bylaw on the second tuesday following labor day of each year. The board of directors may provide, by resolution, the time and place, within or outside the state of michigan, for the holding of additional regular meetings without other notice than the resolution.”