Blue Investments for Nature Inc

“The sole member of the company is the nature conservancy (tnc), its parent organization and supported organization.”

“Tnc, the sole member of the company, has the power to appoint, elect, and remove members of the company's governing body.”

“Per the bylaws of the company, tnc also has the power to adopt, amend, change, or repeal the company's bylaws and articles of incorporation.”

“The form 990 is prepared by cohnreznick, based on internal financial statements, and other internally generated reports from the supported organization, the nature conservancy (tnc). The form 990 is reviewed by employees of tnc and copies are provided to the full board of directors prior to filing with the irs.”

“Blue investments for nature, inc. (bin) has adopted the conflict of interest policy of its supported organization, the nature conservancy (tnc). Persons covered by the policy and sop include board members, key employees (including officers), trustees and advisors, staff, substantial contributors, and family members of covered persons of the nature conservancy, as well as its related entities, including bin. Generally, conflicts can arise from relationships between the nature conservancy (or one of its related organizations) and staff, board members, trustees and advisors, and the families of all those groups. If a conflict of interest or a perceived conflict is identified before proceeding with the proposed activity, review and approval of tnc's conflicts committee must be obtained. In general, the conflicts committee recommends a course of action designed to minimize the conflict's potential adverse consequences which would include recusal of any conflicted person from voting on matters in which they have a conflict (for directors) and refraining from using tnc resources for any personal gain or to benefit any other organization (in the case of staff). Tnc's ethics and compliance team and tnc attorneys may be consulted to assist in analyzing conflicts and proposed approvals with mitigations. A. Board and key employee certifications. All bin board members and key employees (including officers) annually complete a conflicts of interest and affiliations disclosure form to identify conflicts and ensure any conflicts are properly addressed and disclosed on the 990 where required. B. Conflicts committee review required. The conflicts committee of the nature conservancy reviews and makes determinations about whether the conflict of interest can be mitigated if it cannot be avoided.”

“Blue investments for nature, inc. (bin) has no employees of its own. Its officers receive compensation from a related organization, the nature conservancy.”

“Copies of the organization's form 990, exemption application, and articles of organization are available upon request. They may be viewed either in person or copies will be mailed to the requesting persons.”

“Net assets transferred to related organization -$1,932,865 on april 10, 2024, nature's capital inc, a related organization, became the sole member of gabon blue conservation llc (gbc), a disregarded entity whose previous sole member was blue investments for nature, inc. (bin). The net assets of gabon blue conservation, llc as of april 10, 2024, are reported as "net assets transferred" as the 2023 bin form 990 only reports income and expenses for the period prior to april 10, 2024.”

“Blue investment for nature, inc. (bin) and two of its disregarded entities, belize blue investment company, llc (bzbic) and gabon blue conservation, llc (gbc) are included in the consolidated audited financials of the nature conservancy (tnc) under us gaap. Bzbic also receives a separate audit. Bin's other disregarded entity, belize blue conservation trust, is not required to have a separate audit, nor is it included in tnc's consolidated audit because it is not deemed a related entity of these entities under us gaap.”