Blockchain for Energy Inc

“The organization has 4 membership classes based upon their role in the energy industry, whether being an operator, a vendor/supplier, general participant, or technology participant. Based upon these membership classes, each membership level, as a group, will have specified appointment and voting rights for the board of directors, as well as respective participation rights in projects and proposals to bring to the board of directors for decisions.”

“The board of directors are appointed by the members of the organization in accordance with their respective membership level. Each membership level, as a group, is entitled to elect and hold a certain number of board seats, allowing that membership level to have representation in the board of directors as set forth in the by-laws of the organization.”

“The irs form 990 is prepared by an independent cpa firm, and upon completion, is sent to the client for the board of directors to review. After all questions have been resolved and any changes made, it is e-filed. Once the 990 has been accepted by the irs, a final copy is sent to the board of directors.”

“All board of director members are required to communicate any conflict or potential conflict of interest to the remaining board members, who will evaluate the arrangement and decide the appropriate action necessary. Board members consider and, as appropriate, exercise the responsibility of recusing themselves from voting on matters brought to the board of directors that can or may involve a conflict of interest.”

“The board of directors reviews and approves the executive director's compensation, taking into consideration publicly available data and the variability and competitiveness of executives in the energy sector. The legal committee chair does a legal review of the contract in conjunction with the board chairperson and vice-chairperson.”

“Documents are made available upon request.”

“In 2024, the blockchain for energy (b4e) staff were hired as independent contractors or through their majority owned corporations.”

“The board of directors are volunteers who guide the organization in its operations. Additionally, volunteers from member organizations serve on committees and workgroups to advise, coordinate and develop competencies in blockchain technology and its applications. Blockchain for energy enables its members to create an industry ecosystem where participants can test, use and improve developed solutions. Member input through their volunteers fosters collaboration and joint development, ensuring the projects' validity for the benefit of the industry as a whole.”

“Consortium relations 1,035 29,981 0 commission fees 41,666 0 0 operations & finance 31,387 85,957 0 program design & development 940,560 0 0 program mgmt & support 342,200 21,510 0 program hosting services 173,403 0 0 total 1,530,251 137,448 0”