Use of Proceeds Policy

Use of Proceeds Policy

Effective Date: 10.31.24

1. Introduction

Sober Outdoors, Inc., ("we," "us," or "our") is committed to transparency and integrity in the utilization of funds received through our operations and activities. This Use of Proceeds Policy ("Policy") outlines how we allocate and manage the proceeds generated from sales, donations, and other revenue sources on our website, www.soberoutdoors.org, and affiliated platforms.

2. Definitions

  • Proceeds: All funds received from sales, donations, sponsorships, and other revenue-generating activities.

  • Operational Costs: Expenses essential for the day-to-day functioning of Sober Outdoors, including but not limited to administrative expenses, salaries, marketing, and infrastructure maintenance.

  • Net Profits: The remaining funds after all Operational Costs have been deducted from the total Proceeds.

3. Allocation of Proceeds

3.1. Donation to Individuals for Substance Use Disorder Treatment

  • Commitment: All Net Profits will be donated to individuals who require critically expensive treatment for Substance Use Disorder and addiction recovery.

  • Purpose: To provide financial assistance for medical treatments, rehabilitation programs, therapy sessions, and other necessary support services.

  • Selection Process: Recipients will be chosen based on predefined criteria assessing need and urgency, ensuring fairness and impact.

3.2. Contribution to 1% for the Planet

  • Commitment: We pledge to donate 1% of our total annual sales to environmental nonprofits through the 1% for the Planet organization.

  • Purpose: To support global environmental initiatives focused on sustainability, conservation, and ecological restoration.

  • Verification: Donations will be documented and verified in accordance with 1% for the Planet's guidelines.

3.3. Tree Planting Initiative with Sprout, Inc.

  • Commitment: For every item purchased, we will facilitate the planting of one tree via Sprout, Inc.

  • Purpose: To promote reforestation, combat climate change, and support biodiversity.

  • Tracking: Tree planting activities will be tracked and reported, providing transparency on the environmental impact.

4. Operational Costs

  • Scope: Operational Costs include but are not limited to rent, utilities, staff salaries, technology, marketing, legal fees, and other necessary expenses to maintain organizational functionality.

  • Efficiency: We are dedicated to minimizing Operational Costs to maximize the funds available for our charitable commitments.

  • Review: Operational expenses are reviewed regularly to ensure they are essential and cost-effective.

5. Transparency and Reporting

  • Annual Reports: We will publish an annual report detailing the allocation of Proceeds, including amounts donated and Operational Costs incurred.

  • Financial Statements: Audited financial statements will be made available to the public upon request.

  • Accountability: We uphold strict accounting practices to ensure all funds are used in accordance with this Policy.

6. Amendments

  • Right to Amend: Sober Outdoors reserves the right to modify or amend this Policy at any time.

  • Notification: Any changes to the Policy will be posted on our website with an updated Effective Date.

  • Compliance: All amendments will comply with applicable laws and regulations.

7. Governing Law

This Policy is governed by and construed in accordance with the laws of the State of [Insert State], without regard to its conflict of law principles.

8. Contact Information

For questions or more information regarding this Use of Proceeds Policy, please contact us at:

  • Email: contact@soberoutdoors.org

  • Address: 6307 Village Lane, Centennial, CO 80111

  • Phone: 303.913.8034

9. Acknowledgment

By engaging with Sober Outdoors, you acknowledge and agree to the terms outlined in this Use of Proceeds Policy.

10. Disclaimer

  • No Guarantee: While we strive to meet all our commitments, certain circumstances beyond our control may affect our ability to fulfill the obligations as described.

  • Third-Party Organizations: We are not responsible for the actions of third-party organizations such as 1% for the Planet and Sprout, Inc., though we make reasonable efforts to partner with reputable entities.

This Policy was last updated on 10.31.24.