Impact 100 East Bay Inc

“Impact 100 East Bay has members, however, no member has any financial ownership interest. Membership is granted to any individual who meets our minimum donation requirement of $1,000. The first $1,000 of any member contributions is dedicated exclusively to the Annual Grant Awards.”

“Qualified members are eligible to vote for Annual Grant Recipients, for the annual election of directors, and for any amendments to our governing instruments. All matters are governed by majority rule, so no power is vested in any one member.”

“No governance decisions are made by outsiders: members elect directors, directors elect officers and the board of directors is the final decision-maker on all matters presented.”

“Treasurer notified board of directors when Form 990 is complete and ready for filing. She emails the report to the board of directors, and deposits the reports in the organization's Dropbox Folder for members, who may review the documents and comment on or before the due date.”

“Board members have a duty to disclose any potential conflict of interest they have in relation to disbursement of funds of award of contracts. The President and Treasurer review the disclosure, investigate the facts with the governance chairman as to whether the alleged conflict is so significant that the board member should recuse herself from voting on the matter. Same procedure applies to committee members who may have a conflict of interest with charitable organizations being considered for grant awards. The committee chairman will submit the information to the President and Treasurer for consideration and resolution with the assistance of the governance chair and determine whether the member needs to recuse herself from participation in the grant candidate vetting process.”

“Governing documents are provided to members at the time they join; conflict of interest declarations are solicited from members participating in the grant vetting process to eliminate potential bias. Board members must declare any conflict during her term of service, but not less than annually. Members, as a condition of voting for the annual grant awards, must declare any interest they may have in any grant award candidate.”

“Interest earned 15,709.58 and Dividends earned 729.67, for a total of 16,439.25”

“Sale Proceeds from 72 shares of Invesco at 428.35/share = 30,841.20, less brokerage commission of 261.66, for net proceeds of 30,579.54; Cost Basis of 25 shares at 292.66/share (7,316.50) and 47 shares at 422.92375/share (19,877.42) for a total 27,193.92, resulting in net gain of 3,385.62”

“Awarded, to be disbursed in 2025 and 2026 per agreements: 2024 Impact Grant awarded to Food Security Collaborative 100,000; 2024 Community Grant awarded to Jewish Family Community Services 53,000; 2024 Changemaker Grant awarded to Narika 75,000; additional awards of 500 awarded to each grant semi-finalist and 1,000 to each grant finalist to be applied toward wish-list fulfillment.”

“Reconciliation of Grants payable from 2023 Awards 220,000, less 2023 grantee award payments issued during 2024 187,000, plus 2024 Grants Awarded 228,000 = 261,000”