Airbnborg Inc

“During the 2024 tax year, joe gebbia was a director of airbnb, inc., and catherine powell, jay carney, christoph gorder and jennifer patterson were each employees of airbnb, inc. Form 990, part vi, line 3: airbnb, inc., under the terms of an operating agreement with airbnb.org, provided certain services to the organization. These services were provided without charge and were supervised and controlled by airbnb.org's board of directors.”

“The board of directors shall at all times have at least one director who is employed by airbnb, inc. Airbnb, inc. Has the power to appoint or remove such directors. A majority of the board of directors shall at all times consist of directors who are not employed by or affiliated with airbnb, inc. These directors are elected and removed by vote of the board of directors.”

“Airbnb.org's form 990 is prepared by an external tax preparer, grant thornton advisors, llc. The form 990 is then reviewed by airbnb.org's management, finance, and legal teams, as well as outside legal counsel. The form 990 is then presented to the full board of directors for review prior to submission to the irs.”

“The organization's conflict of interest policy was enforced using a process by which the board evaluates and addresses potential conflicts of interest in accordance with the policy and using a conflict of interest form. Under the policy, each of the organization's directors and officers were required to promptly and fully disclose all material facts of every actual or potential conflict of interest. The board of directors would then determine whether an actual conflict of interest existed, and whether to approve the relevant transaction. Any person with an actual conflict of interest would recuse themself from the vote on the relevant transaction.”

“Airbnb.org did not have employees of its own, and did not provide compensation to any officers. Airbnb.org's essential duties and activities are performed by airbnb, inc. Employees under the operating agreement between airbnb.org and airbnb, inc., free of charge, and are supervised and controlled by airbnb.org's board of directors.”

“These documents may be made available for public inspection upon request.”

“Airbnb.org's program services were supported by donated services and technology from airbnb, inc. Airbnb.org's operating expenses were fully covered by airbnb, inc. Through both direct monetary and in-kind donations. In 2024, these in-kind contributions included, but were not limited to: (1) human resources (staff), (2) airbnb, inc. Product & technology to facilitate airbnb.org stays globally, (3) access to airbnb, inc.'s brand and intellectual property, including trademarks, product and marketing content, and marketing and communications channels, (4) software licenses and access to key business systems, and (5) equipment and facilities for supporting staff. In 2024, these in-kind contributions from airbnb, inc. Were valued at $17.7m (donated services of $4.5m and equity transfer of $13.2m as presented in the financial statements).”

“Reversal of grant expenses from prior years 143,409. Foreign exchange losses -1,168.”