ABOUT “OAKLAND PROMISE”

​“OAKLAND PROMISE” MOVES OUT OF MAYOR LIBBY SCHAAF’S OFFICE
IN CITY HALL AFTER THREE YEARS[ see East Bay Times article May 30,
2019 by Ali Tadayon, [email protected]].

​1. There is no evidence that “OAKLAND PROMISE” prior to April 30,
2019 ever registered with the California Secretary of State Office
as a 501( c )3 nonprofit organization. At best “OAKLAND
PROMISE” is an unincorporated nonprofit association , if the
association has annual gross receipt of “not more than $5,000, it
must still file Form 990-N with the IRS.
2. There is no evidence that “OAKLAND PROMISE” prior to April 30,
2019 has registered with California State Franchise Board.
3. There is no evidence that “OAKLAND PROMISE” prior to April 30,
2019 has registered a ‘fictitious ’business name , necessary for a
banking account in a financial institution.
4. There is no evidence that “OAKLAND PROMISE” prior to April 30,
2019 has a City of Oakland Business License.

***OAKLAND PROMISE***SHOULD NEVER HAVE APPEARED AS A COMPONENT ON THE NOVEMBER 6, 2018 $198 PARCEL TAX KNOWN AS “THE CHILDREN’S INITIATIVE OF 2018” REFERRED TO AS BALLOT MEASURE AA, THAT “FAILED” , FALLING SHORT OF THE NECESSARY 66 2/3% REQUIRED FOR PASSAGE.

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QUESTIONS REGARDING “OAKLAND PROMISE AND EAST BAY COLLEGE FUND MERGER

5. As of April 19, 2019 East Bay College Fund [G5877902] has not filed the necessary STATEMENT OF INFORMATION FORM required for any structural change in its organization.

*NOTE:  THE NEW ENTITY WILL KEEP “OAKLAND PROMISE” NAME, BUT WILL TAKE OVER THE EAST BAY COLLEGE’S NONPROFIT STATUS.
  
   6. MERGERS BECOME LEGALLY DRIVEN :  
           (a) By-Laws need to be re-approved
            (b) A New Federal Identification number
            (c) Re Do ALL Banking Resolutions and Financial Agreements and
                  Likely work with the Attorney General Office
             (d) Under the merger, “OAKLAND PROMISE” becomes owner of            
                   East Bay College Funds logo, name, assets programs, license,
                   and other property, ; “OAKLAND PROMISE” owns East Bay
                   College debts, liabilities, any unasserted claims against East
                   Bay College Fund other contractual obligation.​

BANKING RULES FOR NON-PROFIT ORGANIZATIONS
 
*NONPROFITS NEED BANK ACCOUNTS TO COLLECT REVENUES USED IN MOVING THE NONPROFIT’S MISSION FORWARD.  A NONPROFIT IS A CORPORATION GIVEN “EXEMPT ORGANIZATION” STATUS BY THE INTERNAL REVENUE SERVICE. BANKS USUALLY FOLLOW THE SAME RULES FOR OPENING AND MAINTAINING ACCOUNTS AS THEY DO WITH FOR-PROFIT ORGANIZATIONS. ***BANKS GENERALLY WANT THE LAST MEETING MINUTES AND ELECTION OF OFFICERS AS SIGNED BY THE SECRETARY.

*****PRIOR TO THE MERGER WITH EAST BAY COLLEGE FUND, “OAKLAND PROMISE” DOES NOT APPEAR TO HAVE HAD A LEGAL BANKING ACCOUNT. “OAKLAND PROMISE” HAS RAISED MILLIONS OF DOLLARS, WITH AN OPERATING BUDGET OF $10 MILLION DOLLARS{as reported in the Eastbay Times article of May 30, 2019}.
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Additionally, “OAKLAND PROMISE” raised unreported CASH donations during halftime at a Warrior game in November of 2018.
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FINAL QUESTIONS REGARDING “OAKLAND PROMISE”:  

​HAS THE CITY OF OAKLAND BEEN SUBSIDIZING THE OPERATION OF “OAKLAND PROMISE” OUT OF CITY HALL, INCLUDING PAYROLL FOR “OAKLAND PROMISE” EMPLOYEES[Dan Silver, Amanda Feinstein and others], OFFICE SPACE AND TELEPHONE BILLS OVER THE LAST THREE YEARS?  HOW MUCH TIME HAS SABRINA LANDRETH, CITY ADMINISTRATOR DEVOTED TO THE OPERATION OF “OAKLAND PROMISE” ? ACCORDING TO MEASURE AA , THE CITY ADMINISTRATOR IS INTRICALLY INVOLVED WITH THE OPERATION OF “OAKLAND PROMISE”?

DID MAYOR LIBBY SCHAAF HAVE THE FINAL WORD ON THE HIRING OF ASSEMBLYMEMBER RON BONTA’S, D-ALAMEDA, WIFE , MIALISA BONTA AS THE CHIEF EXECUTIVE OFFICER FOR “OAKLAND PROMISE”.


https://www.hurwitassociates.com/state-by-state-reporting-requirements/california

https://www.thebalancesmb.com/what-is-an-unincorporated-nonprofit-association-2501895

https://smallbusiness.chron.com/banking-rules-non-profit-organizations-829.html

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