| FORM 990, PART VI, SECTION A, LINE 2 |
MICHAEL A. MANTELL AND MARY SCOONOVER ARE OFFICERS OF RLF AND HAVE A BUSINESS RELATIONSHIP - MICHAEL AND MARY ARE OWNERS OF RESOURCES LAW GROUP (RLG). |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE 990 IS PREPARED BY OUTSIDE TAX ACCOUNTANTS, REVIEWED BY THE DIRECTOR OF FINANCE, DIRECTOR OF OPERATIONS AND THE PRESIDENT OF RESOURCES LEGACY FUND, AND THE AUDIT COMMITTEE. IT IS THEN SENT TO ALL VOTING MEMBERS BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
A CONFLICT OF INTEREST POLICY COVERS OFFICERS AND DIRECTORS, WHO ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY IN WRITING. THE BOARD OF DIRECTORS DETERMINES IF AN ACTUAL CONFLICT EXISTS AND IS RESPONSIBLE FOR ANY REQUIRED REVIEW AND ACTION. ADDITIONALLY, A CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE POLICY MANUAL. UPON HIRE, EMPLOYEES ARE REQUIRED TO READ IT AND ACKNOWLEDGE THAT THEY ARE FAMILIAR WITH AND WILL OBSERVE THE POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE GOVERNANCE COMMITTEE, ON BEHALF OF THE BOARD, ENGAGED AN OUTSIDE CONSULTANT TO REVIEW THE EXECUTIVE COMPENSATION OF RLF'S PEERS, TO ASSESS RLF'S EXECUTIVE COMPENSATION, AND TO PROVIDE AN INDEPENDENT OPINION REGARDING THE REASONABLENESS OF RLF'S EXECUTIVE COMPENSATION. THE POSITIONS OF PRESIDENT, SECRETARY, AND TREASURER WERE INCLUDED IN THIS ASSESSMENT. THIS PROCESS WAS LAST UNDERTAKEN IN 2018. |
| FORM 990, PART VI, SECTION C, LINE 19 |
AUDITED STATEMENTS AND 990 TAX RETURNS ARE AVAILABLE AND DOWNLOADABLE FROM WWW.RESOURCESLEGACYFUND.ORG. ORGANIZATIONAL BY-LAWS AND IRS LETTER OF DETERMINATION OF TAX EXEMPTION ARE PROVIDED AT REQUEST TO ALL DONORS. |
| FORM 990, PART IX, LINE 11G |
CONSULTING FEES: PROGRAM SERVICE EXPENSES 7,335,563. MANAGEMENT AND GENERAL EXPENSES 28,353. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,363,916. |
| FORM 990 PART IX, LINE 11G |
FEES INCLUDE PAYMENTS TO OVER 98 VENDORS FOR SCIENTIFIC STUDIES, STRATEGIC COMMUNICATIONS, MAPPING, CONSERVATION EXPERTISE, PROGRAM DESIGN, MANAGEMENT AND EVALUATION, PREPARATION OF ENVRIONMENTAL DOCUMENTS REQUIRED FOR PROJECTS BY GOVERNMENTAL AGENCIES, AND POLICY RESEARCH AND ANALYSIS. |
| FORM 990, PART XI, LINE 9: |
REVERSAL OF GRANT EXPENSE 2,023. TRANSFER OF PROGRAM FUNDS TO WATER FOUNDATION -7,946,181. |
| FORM 990, PART XII, LINE 2C |
NEITHER PROCESS HAS CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART XI, LINE 9 ADDITIONAL INFORMATION |
IN JANUARY 2017, THE WATER FOUNDATION, A PROGRAM OF RLF, BECAME AN INDEPENDENT ORGANIZATION AND RLF ENTERED INTO AN ASSIGNMENT AND ASSUMPTION AGREEMENT (AGREEMENT) WITH THE WATER FOUNDATION. UNDER THE AGREEMENT, RLF TRANSFERRED TO WATER FOUNDATION DURING 2017 ALL OF THE ASSETS, CONTRACTS, AND OBLIGATIONS ASSOCIATED WITH THE PROGRAM, INCLUDING CASH OF $8,012,619, WHICH RESULTED IN A NET DISTRIBUTION OF UNSPENT RESTRICTED PROGRAM FUNDS OF $7,946,181. ALL PROGRAMS, PUBLIC INFORMATION WORK, AND OTHER ACTIVITIES PLANNED BY THE PROGRAM BECAME THE RESPONSIBILITY OF WATER FOUNDATION, AND ALL EMPLOYEES OF RLF WORKING IN SUPPORT OF THE PROGRAM WERE TERMINATED BY RLF AND BECAME EMPLOYEES OF WATER FOUNDATION. |
Attach to Form 990 or 990-EZ.