Overview
What is Friends Of The Public Bank East Bay?
Friends of the Public Bank East Bay, based in Oakland, California, is a dedicated nonprofit organization with a mission to establish a public bank in the East Bay Region of the San Francisco Bay Area. They have successfully raised funds totaling $395,847.47, conducted educational meetings with local non-profits, financial institutions, and community members, and commissioned a viability study. Their efforts also include hiring a consultant to work on the business plan for the bank, recruiting potential board directors, and promoting the project through social media and targeted advertising. They have organized town halls and public presentations to educate the public, and have had several meetings with state and federal regulators to discuss the governance plan.
Official website here: www.publicbankeastbay.org
Is Friends Of The Public Bank East Bay legitimate?
Friends Of The Public Bank East Bay is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Public Bank East Bay submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.publicbankeastbay.org
What is the mission statement of Friends Of The Public Bank East Bay?
The Friends of the Public Bank East Bay (FPBEB) aims to collaborate with local cities and counties in the San Francisco Bay Area to establish a Public Bank within the East Bay Region. To fulfill this mission, FPBEB has commissioned a feasibility study, hired a consultant for the bank's business plan, recruited potential board directors, organized public events to educate the public, promoted the public bank on social media, and raised funds to cover initial costs.
Official website here: www.publicbankeastbay.org
Who is the CEO of Friends Of The Public Bank East Bay?
Deborah Notkin is the Chair/Secretary of Friends Of The Public Bank East Bay.
Official website here: www.publicbankeastbay.org
What is the revenue of Friends Of The Public Bank East Bay?
Friends Of The Public Bank East Bay's revenue in 2022 was $395,847.
Official website here: www.publicbankeastbay.org
Who are the executives of Friends Of The Public Bank East Bay and what are their salaries?
There 15 volunteers at Friends Of The Public Bank East Bay.
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Official website here: www.publicbankeastbay.org
Where can I find the form 990 for Friends Of The Public Bank East Bay?
Friends Of The Public Bank East Bay's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.publicbankeastbay.org
Learn more at the official website: www.publicbankeastbay.org
Mission Statement of Friends Of The Public Bank East Bay
Friends of the Public Bank East Bay (FPBEB) is a dedicated organization with a mission to collaborate with local cities and counties in the East Bay Region of the San Francisco Bay Area. Their primary objective is to establish a Public Bank within this region. To accomplish this mission, they have taken several strategic steps. They have commissioned a viability study to evaluate the feasibility of establishing a Public Bank. Additionally, they have hired a consultant to work on the business plan for the bank, demonstrating their commitment to thorough preparation. Furthermore, FPBEB has been actively recruiting potential board directors to help guide and oversee the establishment of the bank.
In an effort to educate the public about the concept of a Public Bank, FPBEB has organized town halls and public presentations. They have also utilized social media to promote their cause, spreading awareness about the potential benefits of a Public Bank. Moreover, they have raised funds to cover the costs associated with the business plan and the initial staffing expenses of the bank. By taking these proactive steps, Friends of the Public Bank East Bay is working diligently towards their goal of establishing a Public Bank in their local region.
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Impact
October, 2024
Friends of the Public Bank East Bay has significantly impacted the community by actively advocating for the establishment of a Public Bank in the East Bay Region. Through fundraising efforts, they raised nearly $400,000, providing essential resources for the initiative. Educational meetings have facilitated discussions with local non-profits and financial institutions, fostering community engagement and awareness.
The completion of a viability study, mandated by AB 857 and backed by city council resolutions, demonstrates their commitment to careful planning and oversight. By meeting with state and federal regulators, they have ensured that their governance plan aligns with legal requirements and industry standards.
Their social media campaigns and community outreach have amplified public awareness about the potential benefits of a Public Bank, reaching diverse audiences and gathering community support. Additionally, the drafted governance plan, crafted with the help of a banking attorney, lays the groundwork for future operations, having been reviewed by local elected officials and regulators. Overall, Friends of the Public Bank East Bay is making strides towards creating a financial institution that prioritizes public benefit and serves the needs of the local community.
This information is meant to be a general summary of Friends Of The Public Bank East Bay. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $395,847
Assets and Liabilities:
- Total Assets: $432,380
- Total Liabilities: $0
- Net Assets: $432,380
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Organization Details
Founding Year
2020
Phone
(510) 418-0627Principal Officer
Deborah Notkin
Main Address
680 66th Street, Oakland, CA, 94609
Website
www.publicbankeastbay.orgNTEE Category
Code: W60 - Public benefit
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