Great Lakes People Fund
- Assets
- $173.7k
- Revenue
- $274.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Boyne City, MI
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 38-3220304
Organization Overview
Great Lakes People Fund is located in Boyne City, MI. The organization was established in 2000. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes People Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Great Lakes People Fund generated $274.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $388.6k during the year ending 12/2021. While expenses have increased by 10.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Great Lakes People Fund has awarded 48 individual grants totaling $1,223,507. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND MAKES GRANTS TO QUALIFYING ORGANIZATIONS FOR CHARITABLE PURPOSES USING FUNDS RECEIVED THROUGH CHARITABLE CONTRIBUTIONS FROM MEMBERS OF GREAT LAKES ENERGY COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR QUALIFYING ORGANIZATIONS - SEE FURTHER EXPLANATION AS DETAILED IN ORGANIZATION'S "MISSION- AND "PRIMARY EXEMPT PURPOSE" STATEMENT. APPROXIMATELY 107 GRANTS WERE MADE IN THE TAX YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Soderquist President | OfficerTrustee | 1 | $0 |
John Cool Treasurer | OfficerTrustee | 1 | $0 |
David Wagner Secretary | OfficerTrustee | 1 | $0 |
Mary Ann Nugent Vice-Preside | OfficerTrustee | 1 | $0 |
Shari Culver Manager | Officer | 5 | $0 |
Kathleen Andersen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,926 |
| Total Program Service Revenue | $0 |
| Investment income | $112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $388,560 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $388,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,540 |
| Savings and temporary cash investments | $142,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,700 |
| Accounts payable and accrued expenses | $13,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,000 |
| Net assets without donor restrictions | $160,700 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $173,700 |
Grants Awarded
Over the last fiscal year, Great Lakes People Fund has awarded $388,560 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS LESS THAN 5000NONE RELATED PURPOSE: VARIOUS | $284,211 |
Delton, MI PURPOSE: ASSIST IN TRAINING | $10,000 |
Traverse City, MI PURPOSE: ACME CONNECTOR TRAIL | $10,000 |
Allegan, MI PURPOSE: CHILDREN'S BUILDING | $10,000 |
Pentwater, MI PURPOSE: HELPING VETERANS | $8,500 |
Boyne City, MI PURPOSE: REPAIR BUILDING | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Del-Co Water Company Inc Delaware, OH | $318,753,806 | $51,589,765 |
Ohio Farm Bureau Federation Inc Columbus, OH | $50,357,469 | $22,080,243 |
Michigan Farm Bureau Lansing, MI | $21,991,749 | $13,489,298 |
Michigan Dairymens Market Program Novi, MI | $2,715,772 | $11,716,586 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
Ohio Soybean Council Worthington, OH | $9,472,196 | $9,336,413 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Indiana Corn Marketing Council Indianapolis, IN | $5,137,582 | $5,167,221 |
Ohio County & Independent Agricultural Societies Delaware, OH | $10,485,071 | $9,270,714 |
Ohio County & Independent Agricultural Societies Canfield, OH | $2,246,488 | $4,939,954 |
Indiana Crop Improvement Assn Inc Lafayette, IN | $5,728,593 | $3,567,413 |