Resources Legacy Fund Foundation

“Michael mantell, mary scoonover, and shauna manner are officers of rlf and have a business relationship - michael and mary are owners of resources law group (rlg) and shauna is employed by rlg.”

“The rlff board approved revised bylaws on february 21 and june 18, 2014. Rlff's bylaws were reviewed by an attorney taking into account delaware's code as well as irs regulations for supporting organizations. The rlff bylaws now refer to the position of president rather than executive director; clarify that directors are not officers; indicate that the treasurer is no longer chair of the finance committee; remove references to classes of directors; clarify term limits; add description of standard of care; add methods for notice of meetings; exclude action without meeting by a director with interest in the matter; require compliance with conflict of interest policy; add directors to list of those able to sign instruments in writing; and add that the chair, vice chair, or treasurer may exercise shares in other corporations in the name of rlff, in the absence of board resolution.”

“The 990 is prepared by outside tax accountants, reviewed by the controller, chief financial officer, the president of resources legacy fund foundation, and the audit committee. It is then sent to all voting members before filing.”

“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. 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.”

“On a bi-annual basis, the board reviews compensation survey data and compensation data from several similar organizations, combines it with their awareness of compensation practices gained through their professional and volunteer affiliations, and establishes a reasonable compensation level for the president, executive vice president and the chief financial officer. The president undertakes the same review to establish reasonable compensation of key employees. This process was last undertaken in 2013.”

“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.”

“Consulting fees: program service expenses 863,726. Management and general expenses 0. Fundraising expenses 0. Total expenses 863,726.”

“Fees include payments to over 15 vendors for scientific studies, strategic communications, mapping, conservation expertise, program design, management and evaluation, preparation of environmental documents required for projects by governmental agencies, and policy research and analysis.”

“Reversal of grant expenses 50,000.”

“Neither process has changed from the prior year.”