B1 Foundation

“The organization utilizes a cpa firm to prepare the form 990 which is reviewed by the board prior to filing.”

“The conflict of interest policy applies to any director, principal officer, or member of a committee with governing board delegated powers. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested party will leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members will decide if a conflict of interest exists. An interested person may make a presentation at the board or committee meeting, but after such presentation, they will leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. The President or Chair of a committee will appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement, if appropriate. After exercising due diligence, the board or committee will determine whether the Corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee will determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Corporation's best interest and for its own benefit and whether the transaction is fair and reasonable to the Corporation. The Corporation will make its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

“The organization makes these documents available upon request.”

“(Expenses $ 12,925 including grants of $ 12,925) TO SERVE AS AN ASSISTANCE FUND TO PROVIDE DISASTER AND OTHER HARDSHIP ASSISTANCE TO AN INDEFINITE CLASS OF INDIVIDUALS. THE FOUNDATION DISTRIBUTED $12,925 IN GRANTS.”

“(Expenses $ 12,423 including grants of $)(Revenue $ 30,000) b1 FOUNDATION works to support entrepreneurs as they navigate the start-up process and prepare to seek financial services from a bank. We offer free one-on-one business counseling and educational courses for entrepreneurs and business owners.”