International Workers Day! Member bonuses paid as we remember the sacrifices and accomplishments of workers who came before us.
We also celebrate our third anniversary as a worker cooperative and encourage others to follow and improve upon our example, saying "Workers of the World: Cooperate!"
Special Member Meeting. Members unanimously agree that for any revenue that has no current labor cost but can be attributed to prior labor, the cooperative will pay a bonus equal to 15% of the windfall. This revenue bonus program is made retroactive to February 22.
Q1 Member Meeting. Operating Agreement amended to replace the commission system with a fair-wage model and distribute 25% of net income each month on the basis of patronage.
Members agree to review and consider a Diversity and Inclusion program as part of the B Corp Inclusive Economy Challenge.
Operating Agreement amended to hire consider new employees for membership after a probationary period of at least six months and 100 hours of work.
Operating Agreement amended to set internally used interest rates to values approximating the IRS-published minimum.
New Year's Day! Member bonuses paid as we celebrate the arrival of 2018 and the opportunities that a new year offers.
Operating Agreement amended to make most benefits automatic for eligible employees and extend patronage credit to overhead work.
Proposal approved to simplify benefit programs.
Proposal approved to replace 401(k) plan with a Simplified Employee Pension (SEP) funded by the cooperative.