Collective Continuum Inc

“Zubair Birgeoglu and Jayson DeAngelis, who each served on the Organization's Board of Directors during this tax year, share a business relationship.”

“Zubair Birgeoglu shall be the sole member of the corporation. During the period covered by this Form 990, Zubair Birgeoglu served as the Organization's President and on the Organization's Board of Directors.”

“The number of Directors shall be fixed by the Member from time to time and may be increased or decreased by the Member at any time, provided, however, that the number of Directors shall be not less than one and not more than seven. Each Director shall be elected by the Member. Each Director shall serve until his or her successor is elected and qualified, or until his or her earlier resignation or removal. A vacancy or vacancies in the Board shall be filled by the Member. A successor Director so selected shall serve for the unexpired term of the predecessor and until a successor has been elected or appointed and qualified. A vacancy or vacancies in the Board shall be deemed to exist in case of the death, resignation, incapacity or removal of any Director or if the authorized number of Directors is increased. The Member may declare vacant the office of a Director who has been declared of unsound mind by a final order of court, convicted of a felony, or found by a final order or judgment of any court to have breached any material duty arising under the General Corporation Law of the State of Delaware. Any Director may be removed with or without cause, by the Member. Any Director of the corporation may resign at any time by giving notice in writing or by electronic transmission to the Member.”

“The business and affairs of the corporation shall be managed by or under the direction of the Board of Directors, subject to any action at any time taken by the Member of the corporation.”

“The Form 990 was prepared by independent public accountants and was based on assistance and information provided by the Organization and its separately engaged finance, advisory, and management consultants. A draft of the Form 990 was made available for the Board to review, consider, and ask questions of prior to its timely filing with the IRS.”

“For purposes of any real or perceived conflict of interest, the Organization defines an "interested person" as any director, officer, or key employee who has a direct or indirect financial or duality of interest. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial or duality interest and be given the opportunity to disclose all material facts to the directors and board-level committees considering the proposed transaction or arrangement. After disclosure of the financial or duality interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, which may include obtaining comparability studies, valuations, or appraisals, the governing board or committee shall determine whether the Corporation can obtain with reasonable efforts a more advantageous transaction or arrangement 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 possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“The salaries and other compensation of officers, agents and employees shall be fixed from time to time by or under authority from the Board of Directors. No officer shall be prevented from receiving a salary or other compensation by reason of the fact that he or she is also a Director of the corporation. A voting member of the governing board who receives compensation, directly or indirectly, from the Corporation for services is precluded from voting on matters pertaining to that member's compensation. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Corporation for services is precluded from voting on matters pertaining to that member's compensation. No voting member of the governing board or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Corporation, either individually or collectively, is prohibited from providing information to any committee regarding compensation. To ensure that the Corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, occur annually and include consideration of if compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining.”

“The Organization's Form 1023, tax returns, governing documents, conflict of interest policy, financial statements, and other statements, policies, and documents are made available to the public upon request as required by law.”

“Pursuant to member action by written consent, signed December 22, 2023, the Organization filed a Certificate of Dissolution of Non-Stock Corporation, as defined under Section 276(a), with the State of Delaware. All final wind-down procedures were completed as of the year ending December 31, 2023. Through the end of its final tax year, the Organization used any remaining funds to wind-down any ongoing program-service projects, and to settle any outstanding administrative obligations and amounts due for professional fees. Upon dissolution, the Organization dedicated, via charitable grants, a significant portion of its final remaining net assets to other like-minded charitable organizations with the purpose of advancing humanitarian causes in alignment with the Organization's exempt mission. All final dissolution-distributions were made in accordance with the Organization's bylaws.”

“The Organization has elected to leave Form 990, Part V, Line 1c blank, as allowed under the IRS Form 990 Instructions. At the time of this tax return's filing, the Organization has taken the position that no payments made to any contractors or service providers were subject to back-up withholding or reporting requirements. However, the Organization is also actively reviewing its independent contractor relationships, including transactions with foreign contractors, to determine if backup withholding rules are applicable, either for 2023 and for subsequent periods, and will take corrective action if required. The Organization is committed to maintaining a compliant filing history and has also imposed safeguards to ensure that all backup withholding and reporting obligations and positions, should there be any, be well documented and complied with as is appropriate”

“Consultants and professional services: Program service expenses 0. Management and general expenses 58,200. Fundraising expenses 0. Total expenses 58,200.”