Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 | IN 2022, ALL OF THE BLOCKCHAIN FOR ENERGY (B4E) STAFF WERE HIRED AS INDEPENDENT CONTRACTORS OR THROUGH THEIR MAJORITY OWNED CORPORATIONS. REBECCA HOFMANN WAS CONTRACTED AS CEO THROUGH HOFMANN ADVISORS LLC, OF WHICH SHE IS MAJORITY OWNER. THIS EXPENSE IS INCLUDED IN PART IX, LINE 11 CEO SERVICES. GINO VALVERDO WAS CONTRACTED AS CFO THROUGH GANAS CONSULTING, INC, OF WHICH HE IS MAJORITY OWNER. AMOUNTS PAID FOR CFO SERVICES ARE INCLUDED IN PART IX LINE 11 CFO SERVICES. |
| FORM 990, PAGE 1, PART I, LINE 6 | THE BOARD OF DIRECTORS ARE VOLUNTEERS THAT GUIDE THE ORGANIZATION IN THEIR OPERATIONS. AS WELL, ADDITIONAL VOLUNTEERS FROM THE MEMBER ORGANIZATIONS SERVE ON COMMITTEES TO ADVISE, COORDINATE AND GAIN COMPETENCIES IN BLOCKCHAIN TECHNOLOGY AND ITS APPLICATION. BLOCKCHAIN FOR ENERGY IS ENABLING THEIR MEMBERS TO BE PART OF CREATING AN INDUSTRY ECOSYSTEM WHICH ALLOWS PARTICIPANTS TO TEST, USE AND IMPROVE THE DEVELOPED SOLUTIONS. THE INPUT FROM MEMBERS THROUGH THEIR VOLUNTEERS ALLOWS ALL PARTIES TO COLLABORATE AND DEVELOP TOGETHER TO ENSURE THE PROJECTS' VALIDITY FOR THE BENEFIT OF THE INDUSTRY AS A WHOLE. |
| FORM 990, PAGE 2, PART III, LINE 4D | SEISMIC ENTITLEMENTS: THE MANAGEMENT OF OWNERSHIP AND ENTITLEMENTS OF SEISMIC DATA BETWEEN JOINT VENTURE PARTNERS IS PREDOMINANTLY DONE MANUALLY TODAY. B4E IS WORKING TO CREATE AUTOMATED TRACKING OF THESE DIGITAL RIGHTS TO SEISMIC DATA, THROUGHOUT THE LIFECYCLE OF THE DATA. AUTOMATION WILL PROVIDE AN ACCESSIBLE DIGITAL LIBRARY OF SEISMIC DATA AND OWNERSHIP, ACCELERATED ACCESS TO THE "FAMILY TREE" OF DATA WHILE ADMINISTERING RIGHTS MANAGEMENT, AND AUTOMATED UPDATES FOR MERGERS AND ACQUISITIONS ACTIVITY. SUPPLY CHAIN SMART CONTRACTS: CURRENT PAPER CONTRACTS CAN LACK CONSISTENCY BETWEEN TERMS. ANOTHER PROJECT FOR B4E INVOLVES TAKING TERMS FROM PAPER CONTRACTS THEN AUTOMATING AND EXECUTING CERTAIN TERMS AND CONDITIONS TO A DIGITAL SMART CONTRACT. THIS ALLOWS FOR TRANSPARENCY AND UPFRONT AGREEMENT WITH ONE SOURCE OF TRUTH BETWEEN CONTRACTING PARTIES. DIGITAL IDENTITY: B4E IS WORKING TO PROVIDE DIGITAL IDENTITY WALLETS FOR INDIVIDUALS AND CORPORATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ORGANIZATION HAS 3 MEMBERSHIP CLASSES BASED UPON THEIR ROLE IN THE ENERGY INDUSTRY, WHETHER BEING AN OPERATOR, A VENDOR/SUPPLIER, OR GENERAL PARTICIPANT. BASED UPON THESE MEMBERSHIP CLASSES, THE MEMBER 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 FOR DECISIONS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE BOARD OF DIRECTORS ARE APPOINTED BY THE MEMBERS OF THE ORGANIZATION IN ACCORDANCE WITH THEIR RESPECTIVE MEMBERSHIP LEVEL, AS SET FORTH IN THE BY- LAWS OF THE ORGANIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY A CPA WHO IS EXPERIENCED WITH NON-PROFIT ORGANIZATIONS. A DRAFT IS SENT TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS FOR THEIR REVIEW. ONCE ALL QUESTIONS HAVE BEEN ANSWERED, AND ANY NECESSARY CHANGES HAVE BEEN MADE, THE FORM 990 IS E-FILED. WHEN THE 990 HAS BEEN ACCEPTED, A COPY OF THE ACCEPTANCE AND FINAL RETURN ARE SENT TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | 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. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE CEO'S COMPENSATION, TAKING INTO CONSIDERATION PUBLICLY AVAILABLE DATA AND THE VARIABILITY AND COMPETITIVENESS OF EXECUTIVES IN THIS SECTOR. THE LEGAL COMMITTEE CHAIR DOES A LEGAL REVIEW OF THE CONTRACT IN CONJUNCTION WITH THE BOARD CHAIRPERSON AND VICE-CHAIRPERSON. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | SENIOR PROJECT MANAGER 130,357 0 0 CFO SERVICES- CONTRACT 113,900 12,655 0 PROGRAM ANALYST & MEDIA-CONTR 24,461 13,172 0 OPERATIONS PROJ COORDINATOR 25,872 11,088 0 BUSINESS ANALYST 24,145 0 0 PROGRAM COORDINATOR 8,180 2,045 0 ADMIN ASSISTANCE 0 4,400 0 OTHER SOFTWARE DEVELOPMENT SV 151,303 0 0 TOTAL 478,218 43,360 0 |
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