107 Independent Supporters Trust

“107 independent supporter trust is a membership based organization. To become a member there is an annual membership fee of $25. Anyone can join. Membership is valid for the calendar year, for which payment is received. Included in membership is the right to vote in the annual election of the officers, the ability to purchase away game tickets and travel packages, discounts at partnered businesses, as well as to have representation with the portland timbers front office and the portland thorns front office. 107ist also provides several membership opportunities throughout the year.”

“107ist board of directors are elected annually by its membership. The directors are divided into three classes, as nearly equal in number as possible, with the term of office of the first class expiring at the 2025 annual meeting, the term of the second class expiring at the 2026 annual meeting, and the term of the third class expiring at the 2027. The entire process repeats itself the following year. Annual meetings are typically held in february or march of every year.”

“The bylaws may be amended with approval of two-thirds of either the board of directors or memebers.”

“The 990 is prepared by the organizations accountant along with assistance by the president, treasurer, secretary, and other board members as necessary. Once a draft is completed, it is presented to the entire board for their review. The board of directors approves the irs form 990 prior to filing.”

“The board of directors monitors compliance with its conflicts of interest policy on an ongoing basis, as issues arise, and at election time each year.”

“Governing documents disclosure explanation governing documents are made available to active members on the organizations website or by request. Per the organizations bylaws, financial information is available to members upon request.”