Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 | IN 2021, ALL OF THE BLOCKCHAIN FOR ENERGY (B4E) STAFF WERE HIRED ON AS INDEPENDENT CONTRACTORS. REBECCA HOFMANN WAS CONTRACTED AS CEO THROUGH HOFMANN ADVISORS LLC, OF WHICH SHE IS MAJORITY OWNER. THIS EXPENSE IS INCLUDED IN PART IX, LINE 11A MANAGEMENT FEES. GINO VALVERDO WAS CONTRACTED AS CFO THROUGH GANAS CONSULTING, INC, OF WHICH HE IS MAJORITY OWNER. AMBER HASTINGS WAS CONTRACTED TO HANDLE PROGRAM ANALYSIS & MEDIA. AMOUNTS PAID FOR CFO SERVICES AND PROGRAM ANALYSIS & MEDIA ARE INCLUDED IN PART IX LINE 11G OTHER FEES FOR 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 | COMMODITY TRANSPORT: IN COLLABORATION WITH MEMBER COMPANIES, B4E HAS DEVELOPED THE USE OF IOT SENSORS AND BLOCKCHAIN TECHNOLOGY TO PROVIDE SECURE DATA IN THE COMMODITY TRANSPORT SUPPLY CHAIN. THIS SOLUTION CREATES A SINGLE SOURCE OF TRUTH BETWEEN TRUCKING COMPANIES AND OPERATORS WITH NO SINGLE POINT OF FAILURE. DIGITAL IDENTITY: B4E IS WORKING TO PROVIDE DIGITAL IDENTITY WALLETS FOR INDIVIDUALS AND CORPORATIONS. SUPPLY CHAIN SMART CONTRACT: 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. |
| FORM 990, PAGE 6, PART VI | THE BOARD TREASURER DOES NOT HAVE A VOTE, AND THE EXECUTIVE DIRECTOR ONLY VOTES WHEN A TIE-BREAKER IS NECESSARY. |
| 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 990 IS PREPARED BY A CPA EXPERIENCED IN PREPARING 990S; THE EXECUTIVE DIRECTOR AND THE BOARD REVIEW THE DRAFT RETURN AND CHANGES ARE MADE AS NEEDED. ONCE ALL QUESTIONS HAVE BEEN ANSWERED, THE 990 WILL BE E-FILED AND A COPY OF THE FINAL RETURN SENT TO THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ALL BOARD 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 REVIEWS AND APPROVES THE CEO'S COMPENSATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PROGRAM ANALYST & MEDIA-CONTR 28,576 3,572 0 CFO SERVICES- CONTRACT 178,500 31,500 0 PROJECT MANAGER-CONTRACT 45,864 0 0 BRANDINGMARKETING 33,026 3,785 0 SOFTWARE DEVELOPMENT 496,950 0 0 TOTAL 782,916 38,857 0 |
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