green dot program founder

The program has two main targets, influential and respected individuals from across community subgroups and community bystanders. Published: Dec. 9, 2020 at 5:21 PM CST News. You are encouraged to evaluate these adjustments and the reasons the Company considers them appropriate. The Green Dot strategy educates and empowers students, staff and faculty to create a community where violence is not tolerated and everyone plays a part in creating a culture of respect. It teaches students how to identify situations that could lead to an act of violence (represented on incident maps by a red dot) and shows them how to intervene safely and effectively. Edwards originally created the Green Dot curriculum for use on college campuses while she was work at the University of Kentucky. To supplement the Company's consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America (GAAP), the Company uses measures of operating results that are adjusted to exclude, among other things, non-operating net interest income and expense; income tax benefit and expense; depreciation and amortization, including amortization of acquired intangibles; certain other acquisition related adjustments; employee stock-based compensation and related employer payroll taxes; change in the fair value of contingent consideration; impairment charges; extraordinary severance and related restructuring expenses; realized gains or losses on the sale of investment securities; commissions and certain processing-related costs associated with BaaS products and services where the Company does not control customer acquisition, other charges and income; and income tax effects. Information regarding potential risks that could cause the actual results to differ from these forward-looking statements is set forth below and in Green Dot's filings with the Securities and Exchange Commission. A “green dot” represents “any behavior‚ choice‚ word‚ or attitude that promotes safety for all our citizens … Title IX of the 1972 Education Amendment is a tool meant to combat campus violence. Follow the link to register as a volunteer with us! Module four focuses on building skills and generating confidence in the performance of the program. PRO Europe and its members, the Green Dot packaging recovery organisations all over Europe, frequently receive customers’ questions regarding the recommended use of "The Green Dot" on packaging. Claremont Green Dot is a community effort to stop abuse and violence in Sullivan County New Hampshire. Projected Non-GAAP Net Income (1) In the study, CRVAW found a greater than 50% reduction in the self-reported frequency of sexual violence perpetration by students at schools that received Green Dot training. Enabled by propriety technology and Green Dot’s wholly-owned commercial bank charter, Green Dot’s “Banking as a Service” platform is used by a growing list of America’s most prominent consumer and technology companies to design and deploy their own bespoke banking solutions to their customers and partners; while Green Dot uses that same integrated technology and banking platform to design and deploy its own leading collection of banking and financial services products directly to consumers through one of the largest retail banking distribution platforms in America. PASADENA, Calif.--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT) (“the Company”) today announced the retirement of Green Dot CEO and Founder, Steve Streit. Steve Streit founded Green Dot in 1999 from his Pasadena home. The program trains people about sexual assault and domestic violenceon college campuses, primary and secondary schools, and communities. The way we work at Green Dot is what sets us apart. The foundation laid by Steve leaves Green Dot well positioned to continue to lead and transform the financial services industry in the future. [7][8] A majority of sexual assaults involving college students also involve drugs and alcohol. In December 2019, Green Dot founder and CEO Steve Streit announced he would be leaving the company. What's Your Green Dot? "Here's How You Can Help Stop A Sexual Assault Before It Happens. Green Dot’s core business is selling prepaid debit cards, which can be loaded at stores by customers who may not have a traditional banking relationship. "A Dangerous Mix: Drinking, Sex, and College Students. Green Bay … 626-765-2427 [1][2] Bystander intervention as a way of violence prevention programs are becoming popular within society. Mr. Streit will also retire from Green Dot’s Holding Company Board and as Chairman of the Green Dot Bank board. [4][5], The Green Dot Bystander Intervention Program was founded by Dr. Dorothy Edwards. It also includes full-year 2019 guidance for non-GAAP total operating revenues, adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share. Out of the sample size surveyed, only 14% had received active bystander training in the past two years. Today, the Green Dot ® program has more than 130,000 participating companies and 460 billion packages have been labeled with the Green Dot ® logo and some 14.7 million tons of used packaging waste was recovered and recycled by these European organizations. 12700 South Avalon Blvd. By comparing the Company’s adjusted EBITDA, non-GAAP net income and non-GAAP diluted earnings per share in different historical periods, investors can evaluate the Company’s operating results without the additional variations caused by employee stock-based compensation expense and related employer payroll taxes, which may not be comparable from period to period due to changes in the fair market value of the Company’s Class A common stock (which is influenced by external factors like the volatility of public markets and the financial performance of the Company’s peers) and is not a key measure of the Company’s operations; adjusted EBITDA is widely used by investors to measure a company’s operating performance without regard to items, such as non-operating net interest income and expense, income tax benefit and expense, depreciation and amortization, employee stock-based compensation and related employer payroll taxes, changes in the fair value of contingent consideration, impairment charges, severance costs related to extraordinary personnel reductions, and other charges and income that can vary substantially from company to company depending upon their respective financing structures and accounting policies, the book values of their assets, their capital structures and the methods by which their assets were acquired; and. [2][6][14] Through Distraction a bystander can create a diversion to diffuse the potentially problematic situation. Their signature line of concentrates is grown and extracted in-house, highlighting 150+ rare and exclusive varietals an endless variety of flavors and effects in several finishes and formats. Students trained in Green Dot bystander intervention reported engaging in significantly more bystander behaviors and observing more self-reported active bystander behaviors compared to non-trained students. Read the full text of the Packaging and Packaging Waste Directive 94/62/EC. After programing, each student gets dropped off at home. Prior to joining Cardtronics, Mr. Brewster served as Executive Vice President and Chief Financial Officer of Imperial Sugar Company. From 1995 to 2000, Mr. Jacobs served in various senior roles at MasterCard International. William I. Jacobs sits on the Board of Directors of Global Payments, Inc., a payment processing services company, having served as Chairman from June 2014 until September of 2019. I want to thank both Steve and Mark for their many years of service to the Company.”, Founder Mr. Streit said, “October marked Green Dot’s 20th anniversary and the benchmark for when I promised myself and my family that I would retire from my role as Green Dot’s CEO. The Green Dot bystander program uses four training modules to educate bystanders on their impact. Applications can be picked up in the Welcome Center. In 2001 the first I-GEN MasterCard was sold at a Rite Aid in Virginia. "Evaluation of Green Dot: An Active Bystander Intervention to Reduce Sexual Violence on College Campuses. The curriculum is created from the concepts and lessons learned through research and theory across disciplines including: violence against women, diffusion of innovation, public health, social networking, psychology, bystander dynamics, perpetration, and marketing/advertising. The Green Dot safety program is a bystander intervention program that gives participants the tools and resources to measurably reduce interpersonal violence in their community. At Green Dot Corporation, our mission is simple: to provide a full range of affordable and accessible financial services to the masses. 12201 Research Parkway Suite 450 Orlando, Florida 32826. The Company's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage and evaluate the Company's business and make operating decisions. [4] A female or male who is incapacitated due to drugs and alcohol is legally incapable of giving consent and someone who has sex with an incapacitated person can be prosecuted for rape. For additional information regarding the Company's use of non-GAAP financial measures and the items excluded by the Company from one or more of its historic and projected non-GAAP financial measures, investors are encouraged to review the reconciliations of the Company's historic and projected non-GAAP financial measures to the comparable GAAP financial measures, which are attached to this earnings release, and which can be found by clicking on “Financial Information” in the Investor Relations section of the Company's website at http://ir.greendot.com/. Mr. Jacobs holds a B.S. [2][6][14] Lastly, through delegation a bystander can ask for someone else to help intervene in the situation. [1][2][5][6][10] Power-based violence includes: sexual violence, domestic violence, dating violence, stalking, child abuse, elder abuse, and bullying. These non-GAAP financial measures are not calculated or presented in accordance with, and are not alternatives or substitutes for, financial measures prepared in accordance with GAAP, and should be read only in conjunction with the Company's financial measures prepared in accordance with GAAP. ", Hautala, Keith. [3] Direct interaction with the potential perpetrator or victim can be used to address concern. While many know Green Dot as a prepaid company, it’s also a bank. (1) To supplement the Company’s consolidated financial statements presented in accordance with GAAP, the Company uses measures of operating results that are adjusted to exclude various, primarily non-cash, expenses and charges. Why is the program called Green Dot? The program is based on the idea that most people will intervene or prevent an act of violence from occurring if they simply are inspired to do so and have resources they feel comfortable using. The heart of the Green Dot Bystander Intervention program are the 3 D's: direct,[3] distract,[3] and delegate. ", University of Kentucky's Center for Research on Violence Against Women, http://www.huffingtonpost.com/2015/07/08/bystander-intervention_n_7758118.html, https://www.usnews.com/education/best-colleges/articles/2014/10/27/what-families-should-know-about-bystander-intervention, http://www.studentaffairs.uci.edu/greendot/whatisagreendot.php, http://www.calcasa.org/wp-content/uploads/2011/04/Curriculum-Summary.pdf, http://knowyourix.org/title-ix/title-ix-in-detail/, http://www.nwlc.org/our-issues/education-%2526-title-ix/sexual-harassment-%2526-assault, http://uknow.uky.edu/content/green-dot-effective-reducing-sexual-violence, http://www.up.edu/showimage/show.aspx?file=21219, https://en.wikipedia.org/w/index.php?title=Green_Dot_Bystander_Intervention&oldid=933758816, Creative Commons Attribution-ShareAlike License. [10] The CRVAW study also found a 40% reduction in self-reported frequency of total violence perpetration including sexual violence, sexual harassment, stalking, and dating violence. Green Dot plans to make its partner program one of the leading BaaS providers in the space. (Unaudited), Adjusted EBITDA / Non-GAAP total operating revenues (Adjusted EBITDA margin), Reconciliation of Forward Looking Guidance for Non-GAAP Financial Measures to So they partnered with Green Dot to issue debit cards to their drivers, allowing them to get paid up to five times per day. Projected Adjusted EBITDA (1) Volunteer; Volunteer. Streit’s Green Dot was a pioneer in prepaid card programs and after 20 years at the helm, positioned the company to become more than just prepaid. Actual results may differ materially from those contained in the forward-looking statements contained in this press release, and reported results should not be considered as an indication of future performance. Green Dot Labs' Black Label extracts represent the ultimate in quality, purity and flavor. [1] In her first year of running the program she trained 10 individuals, but by the time she left the University of Kentucky she was training 3,500 students and volunteers. "What Families Should Know About Bystander Intervention. For this reason, we have developed common guidelines. Prior to creating the program Dorothy Edwards worked as the University of Kentucky's Violence Intervention and Prevention Director where she discovered that individuals were not sure how to respond when witnessing a potential sexual assault. Projected Non-GAAP Total Operating Revenues (1) [2] The method teaches students to intervene by using the 3 D's: Direct, Delegating the responsibility to others, and creating a Distraction to defuse a potentially dangerous situation. “The Green Dot” symbol is a worldwide protected trademark.It has the registered trademark symbol designated by ® derived from registered and authorized business logo.. Today, producer responsibility organisations in 29 countries are using the Green Dot as financing symbol to finance the organisation of the collection, sorting and recovery of used (mainly household) packaging. Since that time, Mr. Streit launched one of the most famous consumer brands in financial services and an entire industry of products and services that are today staples in the homes of millions of Americans. "'Green Dot' Effective at Reducing Sexual Violence. The Green Dot Program consists of a basic education program taught to integrate moments of prevention into existing relationships and daily activity to avoid violence. Uber wanted to give its drivers the ability to cash out their earnings instantly. Or There are two types of Green Dots: proactive and reactive. Green Dot has reaffirmed its most recent outlook for 2019. Their signature line of concentrates is grown and extracted in-house, highlighting 150+ rare and exclusive varietals an endless variety of flavors and effects in several finishes and formats. You're invited to learn where we've been, where we're going, and where you fit in the big picture. As a community we can reduce violence, but it will take all of us doing our part. Steve Streit , Founder, Chairman and CEO of Green Dot Corporation , stated, We are so very proud to serve Walmart and the many millions of Americans who rely on Walmart for low prices on the products and services they want and need. Bystander intervention training plays a key role as part of a comprehensive strategy to permanently reduce rates of violence and mobilize and emp… Some of these limitations are: (2) Represents commissions and certain processing-related costs associated with Banking as a Service ("BaaS") products and services where Green Dot does not control customer acquisition. With innovations like Green Dot @ the Register, our reloadable prepaid card, and GoBank, our mobile banking solution, we're just getting started. Just some of Mr. Streit’s inventions include the retailer-sold reloadable prepaid debit card, the first retail-based “reload” cash processing network, the first fully mobile checking account app (GoBank) and, of course, most recently, the “Unlimited Cash Back Bank Account,” by Green Dot and “Green Dot BaaS,” the Banking as a Service concept that today powers an entire industry of new digital banking entrants. The gig: Steven W. Streit is founder and chief executive of Monrovia-based Green Dot Corp., the nation’s largest provider of prepaid debit cards. Green Dot Strategy Green Dot Strategy/Philosophy The Green Dot strategy is a comprehensive approach to violence prevention that capitalizes on the power of peer and cultural influence across all levels of the socio-ecological model. J. Chris Brewster most recently served as Chief Financial Officer of Cardtronics, Inc., a provider of automated consumer financial services through ATMs and other devices, from 2004 until February 2016. The second module reviews the observable behaviors associated with the major forms of power-based violence and educates about how to recognize potential dangerous or harmful situations. (3) These amounts represent estimated adjustments for non-operating net interest income, income taxes, depreciation and amortization, employee stock-based compensation and related employer taxes, contingent consideration, impairment charges, severance costs related to extraordinary personnel reductions, and other income and expenses. Los Angeles, CA 90061. The Company believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. We want to provide modern, honest, and fair banking solutions that change the way people interact with money. 1 For additional information, see reconciliations of forward-looking guidance for these non-GAAP financial measures to their respective, most directly comparable projected GAAP financial measures provided in the tables immediately following the reconciliation of Net Income to Adjusted EBITDA. She founded Green Dot, etc., Inc., in 2010 (now Alteristic, Inc.), and has subsequently adapted the curriculum for high school and middle school use and community settings. There are three major categories of influence it uses: The categories are personal, relationship, and general issues, which impact the way in which individuals intervene. Each of our programs addresses age-specific forms of violence with developmentally appropriate, skills-based and research informed approaches. In addition to the products themselves, Mr. Streit invented the financial and technology ecosystems that power the entire branchless banking industry. (Unaudited), Diluted weighted-average shares issued and outstanding. [15], Cherkis, Jason, and Ryan Grim. [1][2][5][6] The program trains people about sexual assault and domestic violence on college campuses, primary and secondary schools, and communities. program is comprised of four main components: The Opening Speech: The opening speech covers the basics of the Green Dot etc. [1][2][5], Green Dot develops programs, strategies, curriculum, and training courses designed to address power-based personal violence across environments. Green Dot was formerly known as Next Estate Communications. Reconciliation of Forward Looking Guidance for Non-GAAP Financial Measures to As described by Green Dot an ex… as measures of operating performance, because they exclude the impact of items not directly resulting from the Company’s core operations; for planning purposes, including the preparation of the Company’s annual operating budget; to allocate resources to enhance the financial performance of the Company’s business; to evaluate the effectiveness of the Company’s business strategies; to establish metrics for variable compensation; and. that these measures do not reflect the Company’s capital expenditures or future requirements for capital expenditures or other contractual commitments; that these measures do not reflect changes in, or cash requirements for, the Company’s working capital needs; that these measures do not reflect interest expense or interest income; that these measures do not reflect cash requirements for income taxes; that, although depreciation and amortization are non-cash charges, the assets being depreciated or amortized will often have to be replaced in the future, and these measures do not reflect any cash requirements for these replacements; and. Employee stock-based compensation expense includes assumptions about the future fair value of the Company’s Class A common stock (which is influenced by external factors like the volatility of public markets and the financial performance of the Company’s peers). Green Dot Greater Grand Forks, Grand Forks, North Dakota. Uber: Uber drivers used to wait to get paid. from The Washington College of Law of The American University. I will still be associated with Green Dot as an independent advisor and I remain a large investor who believes strongly in Green Dot’s future prospects. securities analysts use adjusted EBITDA as a supplemental measure to evaluate the overall operating performance of companies. You are here Home » Volunteer. As part of this process, Green Dot CFO, Mark Shifke, will retire concurrent to Mr. Streit and Jess Unruh, Operational Chief Financial Officer and Chief Accounting Officer, will serve as interim Chief Financial Officer. Green Dot etc. in communications with the Company’s board of directors concerning the Company’s financial performance. He joined Green Dot in 2009 and has held numerous positions including VP of financial reporting and director of accounting projects. These statements include, among other things, statements regarding the Company's future performance under " Outlook" and other future events that involve risks and uncertainties. All information provided in this release and in the attachments is as of December 18, 2019, and the Company assumes no obligation to update this information as a result of future events or developments. [4][7][8], Sexual violence in schools and on campuses is a pressing civil rights issue. ", Smith, Carol. The Green Dot program seeks to reduce violence in our communities. Module three educates bystanders on obstacles within themselves that stop them from intervening. The Company believes that the non-GAAP financial measures it presents are useful to investors in evaluating the Company’s operating performance for the following reasons: The Company’s management uses the non-GAAP financial measures: The Company understands that, although adjusted EBITDA and other non-GAAP financial measures are frequently used by investors and securities analysts in their evaluations of companies, these measures have limitations as an analytical tool, and you should not consider them in isolation or as substitutes for analysis of the Company’s results of operations as reported under GAAP. [1] The initiative led by Dr. Edwards was supported by a new focus on bystanders in The White House. Investor Relations Our guidelines are intended to provide orientation to companies using the Green Dot on packaging and to ensure correct usage of … degree in industrial management from the Massachusetts Institute of Technology and an M.B.A. degree from Harvard Business School. We are happy to tailor a Green Dot Bystander Training just for your group! It was geared toward teenagers and Internet users. GREEN DOT CORPORATION degree in business administration and accounting from University of Southern California. Green Dot’s outlook is based on a number of assumptions that management believes are reasonable at the time of this release. Green Dot Corporation is headquartered in Pasadena, California, with additional facilities throughout the United States and in Shanghai, China. [4][7] According to the National Women's Law Center students who suffer from sexual assault and harassment are deprived the liberty of equal education. The method teaches students to intervene by using the 3 D's: Direct, Delegating the responsibility to others, and creating a Distraction to defuse a potentially dangerous situation. strategy and can range from five minutes to an hour. It has been an honor to be Green Dot’s CEO for so many years and I am deeply thankful to our investors, board, business partners, regulators, employees and, most of all, our millions of customers without whom nothing would have ever mattered.”. Green Dot Bystander Intervention is a bystander education approach that aims to prevent violence with the help of bystanders. He served as Lead Independent Director of that company from 2002 until 2014. GRYD: GRYD picks up students from AJBT on Wednesday at 1:55pm and Thursday at 3:20pm each week. The first debit card to be sold was I-GEN in the year 2000. The goal of proactive Green Dots is to set the two norms that are communicated: violence will not be tolerated and everyone is expected to do his or her part to contribute to fostering a safe community. Green Dot Corporation, [NYSE:GDOT], is a financial technology leader and bank holding company with a mission to power the banking industry’s branchless future. He is also an Operating Partner at Corsair Capital, a private equity company. … It is my belief that the recruiter now has the opportunity to be even more productive with my retirement public. Media Relations We’ll accomplish this by valuing our customers and working to make their lives better. [2][6][14] The 3 D's work in situations of high risk to act as reactive Green Dots. ... Claremont Green Dot knows we can change this in our community by actively doing something (green dots) when we see violence happening and by making people more aware of the reality of violence. Green Dot, designed by former UK faculty member Dorothy Edwards, has been in use at the university since 2008. Mr. Streit’s retirement initiates an orderly management succession and transition process under which Mr. Streit will transition to the role of “Chief Innovation Officer” as an independent advisor while Green Dot Board Chairman, William I. Jacobs, will serve as interim Chief Executive Officer and J. Christopher Brewster, Chair of the Audit Committee, will serve as interim president. From founding Green Dot Bank- the only U.S. fintech bank charter to have ever been approved- to designing how retail POS systems sell bank accounts, to fraud and AML controls, to secure packaging and supply chain to designing many of the compliance and regulatory frameworks that are used today in the digital banking industry, Mr. Streit’s contributions to the financial services industry have had an enduring influence on practically every branchless banking product, banking app, prepaid card, neobank account and fintech mobile app that exists today. For example, a meta-analysis of sexual assault education programs conducted by Anderson and Whiston in 2005 found that traditional awareness programming in the form of one-time o… It develops and offers training for sexual assault and domestic violence. This page was last edited on 2 January 2020, at 21:54. [1][13][14] The program provides training courses for leadership and professionals that focus on the core areas necessary for successful implementation of the program.[1][9][13]. [9], The goal of Green Dot is to implement a bystander intervention strategy that prevents and reduces power-based personal violence. [3] Its mission is to reduce power-based violence by being a proactive bystander and a reactive bystander. Green Dot is a bystander intervention training program backed by research and used by colleges across the country. Prior to joining Global Payments, Mr. Jacobs served as Managing Director and Chief Financial Officer of The New Power Company. These financial measures may not be comparable to similarly-titled measures of other organizations because other organizations may not calculate their measures in the same manner as the Company does. [ 7 ] [ 14 ] through Distraction a bystander education approach aims. Payments, Mr. Brewster served as Managing Director and Chief financial Officer of Imperial Sugar Company safely! Bringing in the Welcome Center can create a diversion to diffuse the potentially problematic situation: GRYD up. From period to period from his Pasadena home program has two main targets, influential and individuals. Interact with money assaults involving college students 31, 2019 positioned to continue to and! Financial services to the products themselves, Mr. Jacobs served as lead Independent Director that... Items that the Company 's non-GAAP financial measures are adjusted to eliminate the impact of items that the now... And Director of accounting projects be sold was I-GEN in the past two years to even... Us apart also an operating partner at Corsair Capital, a private equity Company the to! Survivors promoting equal educational access banking industry individuals from across community subgroups and community bystanders be even more with! 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