California Fisheries Fund Inc

“The form 990 is prepared by a nationally renowned accounting firm in conjunction with the organization's financial department and members of senior management. The audit committee then reviews any significant issues or judgements relating to disclosures in the reporting organizations form 990. Afterwards, a copy of the draft form 990 is circulated to the full board of director for discussion and comment prior to its filing with the irs.”

“IT IS THE RESPONSIBILITY OF ALL DIRECTORS AND EMPLOYEES OF THE ORGANIZATION TO FAMILIARIZE THEMSELVES WITH THE CONFLICTS OF INTEREST POLICY AND TO ENSURE COMPLIANCE OF RELATED PARTIES WITH IT. IN ADDITION TO THE DISCLOSURES REQUIRED BY THIS POLICY, EACH DIRECTOR AND KEY EMPLOYEE WAS PROVIDED WITH A STATEMENT TO COMPLETE AND RETURN INDICATING THAT THEY HAVE READ, UNDERSTAND AND ARE IN COMPLIANCE WITH THIS POLICY. DIRECTORS WHO KNOWINGLY OR UNKNOWINGLY VIOLATE THE POLICY ARE SUBJECT TO CENSURE OR REMOVAL AT THE DISCRETION OF THE BOARD OF DIRECTORS. EMPLOYEES WHO KNOWINGLY OR UNKNOWINGLY VIOLATE THE POLICY WILL BE SUBJECT TO DISCIPLINARY ACTION, INCLUDING POSSIBLE DISMISSAL. All new board members are required make conflict of interest disclosures.”

“The organization does not compensate any officer or key employee.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“California Fisheries has faced real constraints in achieving and maintaining economic scale under its currently defined mission. For this reason, on March 3, 2017, the California Fisheries Board of Directors decided to explore opportunities to either transfer all remaining assets of California Fisheries to another not-for-profit ("Acquirer") or, if no suitable partner could be found, to wind down operations. On May 15, 2017, California Fisheries entered into a letter of intention ("LOI") with the Acquirer, pending satisfactory approval by the Acquirers Board of Directors, to transfer assets and liabilities from California Fisheries to the Acquirer. On October 26, 2017, the Acquirers Board of Directors approved moving forward with the acquisition and to move from a LOI to due diligence and drafting of legal transfer documents. On May 8, 2018, California Fisheries signed an agreement with the Acquirer to transfer all its assets (other than cash) and liabilities and California Fisheries was dissolved on May 21, 2018. Note, California Fisheries maintained a cash account through September 2018. FORM 990, PART VI, SECTION A, LINE 7A: UNDER CALIFORNIA FISHERIES FUND, INC.'S ("CFF") BYLAWS THE BOARD OF DIRECTORS OF ENVIRONMENTAL DEFENSE FUND, INC. ("EDF"), A RELATED 501(C)(3) ORGANIZATION, HAS THE RIGHT TO ELECT ALL MEMBERS OF CFFS BOARD OF DIRECTORS AND THE RIGHT TO FILL ANY VACANCIES ON CFFS BOARD. FORM 990, PART VI, SECTION A, LINE 7B: UNDER CALIFORNIA FISHERIES FUND, INC.'S ("CFF") BYLAWS THE BOARD OF DIRECTORS OF ENVIRONMENTAL DEFENSE FUND, INC. ("EDF"), A RELATED 501(C)(3) ORGANIZATION, MAY REMOVE ANY DIRECTORS OF CFF AND THE PROVISIONS OF CFFS BYLAWS RELATING TO CFFS BOARD OF DIRECTORS MAY NOT BE AMENDED WITHOUT THE PRIOR WRITTEN CONSENT OF THE EDF BOARD.”