Blueenergy

“Mathias Craig (Director, Treasurer) is the brother of Guillaume Craig (Senior Vice President)”

“In April 2021 (ie. not in the tax year covered by this filing) blueEnergy discovered a significant diversion of assets by an officer of the organization. The gross diversion totaled approximately $137,000 and spanned 2020 through the time of discovery in 2021. A police report was filed. The responsible party was terminated. Approximately $30,000 has been recovered to date as of October 2021. The diversion occurred from the Board Reserve Fund and did not impact any project funds or individual donor funds. blueEnergy has strengthened its separation of duties since the incident; introduced more detailed review of source documents in its quarterly financial reporting cycle; and is looking to recruit a CPA to serve as treasurer.”

“The blueEnergy Form 990 is reviewed by the Executive Director, Board Chairman, Board Treasurer, and Board Secretary before filing. Upon filing, it is submitted to the full governing Board of Directors. Discussion and formal approval are obtained at the subsequent Board meeting.”

“Persons covered: any director, principal officer, or member of a committee with governing Board delegated powers who has a direct or indirect financial interest is an interested person. Level at which persons are covered under the policy: in connection with any actual or possible conflict of interest exceed $1,000, an Interested Person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the Directors and members of committees with governing Board delegated powers considering the proposed transaction or arrangement. Level at which determinations of whether a conflict exists are made: After disclosure of the financial interest and material facts, and after any discussion with the Interested Person, s/he shall leave the governing Board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or committee members shall decide if a conflict of interest exists. Level at which actual conflicts are reviewed: If the governing Board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing Board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“(15a) A voting member of the governing Board who receives compensation directly or indirectly from the Organization for services is precluded from voting on matters pertaining to that member's compensation. The independent members of the Board consider compensation issues including comparability data and appropriateness of compensation. This was last undertaken for Andrew Clark (Executive Director) in 2019. (15b) Officers of the Organization who are not voting members of the governing Board who receive compensation directly or indirectly from the Organization for services have initial compensation packages and any subsequent compensation package alterations reviewed by the Chairman of the Board in consultation with the Executive Director for reviews of appropriateness and comparability to industry standards.The Board otherwise delegates internal salary determinations to the Executive Director.”

“blueEnergy makes its governing documents and financial statements available to the public via its website. blueEnergy's 990 filings are available on the GuideStar website: http://www.guidestar.org . blueEnergy makes its conflict of interest policy available upon request.”

“$173,285 personnel in the Nicaragua office paid in Nicaragua (no associated W-2s)”