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Transparency

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Transparency creates trust.
Trust creates connection.
Connection creates community.
Community creates change.

By Stanley Wortmann
(Founder & Social Changemaker at Common Coin)

The trust of our givers is our most valuable good. Trust is created and strengthened through transparency and believability, which is why the transparent handling of giving and transparent communication of our activities are so essential to us.

Common Coin has made an internal policy commitment to use a maximum of 10 percent of giving received to fund all costs incurred, such as fundraising costs, personnel costs, as well as administrative costs.

Impact

For impact-oriented reporting, we follow the Social Reporting Standard (SRS) 2014. Every year, Common Coin publishes an impact report that, on the one hand, reports on all the non-profit organizations supported by Common Coin and illustrates the impact of the donations and, on the other hand, reports on the development of Common Coin and contains the annual financial report.

Transparency

As a signatory to the Transparent Civil Society Initiative, Common Coin is committed to publishing the following information in an easily accessible and transparent manner on our website:

1. Name, registered office, address and year of foundation

• Common Coin gemeinnützige UG (haftungsbeschränkt)
• Register Court: Charlottenburg Berlin, Registernummer: HRB 230134 B
• Friedrichstraße 246, 10969 Berlin, Europa
• Year of foundation: 2021

2. Complete articles of association as well as information on the aims of Common Coin

• Constitution: common-coin-constitution.pdf
• Vision: common-coin-vision.pdf

3. Information on the tax benefit

The work of Common Coin serves exclusively and directly tax-privileged non-profit purposes in the sense of §§ 51 ff. A0 and, according to the last notice of exemption received by us from the Tax Office for Corporations I, Berlin on July 05, 2021, is exempt from corporate income tax pursuant to Section 5 (1) No. 9 of the Corporate Income Tax Act and from trade tax pursuant to Section 3 No. 6 of the Trade Tax Act.

4. Name and function of key decision-makers

• Management: Stanley Wortmann
• Ethics Board:
• Board of Directors:

5. Operating report

We are going to publish our first operating report in January 2022.

6. Personnel structure

Currently, Common Coin has one permanent employee, several volunteers.

7. Information on the source of funds

Common Coin receives private, monetary donations and corporate monetary donations.

8. Information on the use of funds

Common Coin has committed internally to the policy of using a maximum of 10 percent of donations received to fund all costs incurred, such as fundraising costs, personnel costs, and administrative costs. The remaining 90 percent of donations go strictly to non-profit organizations in the fields of environmental protection, humanitarian aid and nature conservation.

9. Names of persons whose annual payments exceed 10% of the total annual budget

Mugge UG (haftungsbeschränkt)