Overview
What is Great Lakes Energy People Fund?
Great Lakes Energy People Fund is a charitable organization established by members of Great Lakes Energy Cooperative. Their purpose is to support various humanitarian, educational, scientific, and community development initiatives by distributing grants to qualifying non-profit organizations and tax-exempt organizations. These organizations must apply for the grants and meet specific criteria set by the fund's board members. The fund raises money by rounding up the electric bills of participating members to the next dollar amount, ensuring that 100% of the collected funds are returned to the communities they serve. The fund operates independently with three boards representing three geographical regions, ensuring the distribution of grants is equitable. The Great Lakes Energy People Fund aims to improve the quality of life for people in their communities.
Official website here: www.gtlakes.com/people-fund/
Is Great Lakes Energy People Fund legitimate?
Great Lakes Energy People Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Lakes Energy People Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.gtlakes.com/people-fund/
What is the mission statement of Great Lakes Energy People Fund?
The Great Lakes Energy People Fund exists with a mission to support various charitable causes. It accomplishes this by providing grants to qualifying organizations that fall under Internal Revenue Code Section 501(C)(3) or are tax-exempt organizations. These organizations must apply for the grants and meet certain criteria set by the fund's board members. The fund is primarily funded through rounding up the bills of Great Lakes Energy Cooperative members to the next dollar amount. Grants are awarded by three independent boards of directors representing three geographical regions, ensuring a wide reach within the service area. Notably, 100% of the collected funds are returned to the communities, with no overhead costs incurred.
Official website here: www.gtlakes.com/people-fund/
Who is the CEO of Great Lakes Energy People Fund?
Shari Culver is the President of Great Lakes Energy People Fund.
Official website here: www.gtlakes.com/people-fund/
What is the revenue of Great Lakes Energy People Fund?
Great Lakes Energy People Fund's revenue in 2022 was $267,277.
Official website here: www.gtlakes.com/people-fund/
Who are the executives of Great Lakes Energy People Fund and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.gtlakes.com/people-fund/
Where can I find the form 990 for Great Lakes Energy People Fund?
Great Lakes Energy People Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gtlakes.com/people-fund/
Learn more at the official website: www.gtlakes.com/people-fund/
Mission Statement of Great Lakes Energy People Fund
The Great Lakes Energy People Fund is a charitable organization that aims to support various humanitarian, charitable, scientific, educational, community development, and benevolent purposes. This is achieved by distributing grants to qualified organizations under Internal Revenue Code Section 501(C)(3) or tax-exempt organizations. To receive these distributions, organizations must apply and meet the criteria set forth by the fund's board members, who make decisions based on various factors.
The fund is maintained through charitable contributions made by members of Great Lakes Energy Cooperative. These contributions are rounded up to the next dollar amount, with the collected funds then being returned to the communities served by the cooperative. The Great Lakes Energy People Fund operates with no overhead costs, ensuring that 100% of the money collected is used for its intended purpose. Grants are awarded by three independent boards of directors, each representing a different geographical region: South, Central, and North. This structure ensures that the fund's resources are distributed evenly and effectively across various communities.
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Impact
October, 2024
The Great Lakes Energy People Fund significantly impacts its communities by providing financial support to qualifying charitable organizations. Through the collective efforts of Great Lakes Energy Cooperative members, who round up their utility bills to the nearest dollar, the fund allocates grants for various humanitarian, educational, and community development initiatives. In a recent tax year, approximately 96 grants were distributed, demonstrating a commitment to enhancing the quality of life for individuals and families in the region.
With 100 percent of the contributions returned to the community and no overhead costs, the fund ensures that every dollar goes directly to support vital programs and services. Grants are awarded based on applications from non-profit organizations that meet specific criteria outlined by independent boards representing different geographical areas. This structured approach allows for targeted support where it's needed most, addressing pressing community needs, including access to food and other essential services. Overall, the Great Lakes Energy People Fund plays a crucial role in fostering a stronger, more resilient community.
This information is meant to be a general summary of Great Lakes Energy People Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $95
- Gross Receipts: $267,277
Assets and Liabilities:
- Total Assets: $172,520
- Total Liabilities: $9,100
- Net Assets: $163,420
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Organization Details
Founding Year
1995
Phone
(231) 582-6521Principal Officer
Shari Culver
Main Address
1323 BOYNE AVENUE, BOYNE CITY, MI, 49712
Website
www.gtlakes.com/people-fund/NTEE Category
Code: K20 - Food
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