Environment California Inc

“The organization has members. See description below for form 990, part vi, section a, line 7a”

“The draft of the Form 990 is sent to all board members prior to the return being finalized.”

“To monitor and enforce compliance with the conflict of interest policy, the organization requires all officers, directors and individuals with substantial influence over the organization to complete an annual statement disclosing to the board any business, contractual or financial relationships the person has with other corporations. In addition, said persons have an ongoing obligation to disclose to the board any financial interest, direct or indirect, that the person would gain from any particular transaction, contract or policy under consideration by the organization. The board must address potential conflicts on a case-by-case basis, conflicted persons must abstain from the deliberation of the transaction, and corporate records must be maintained.”

“The Compensation Committee will establish acceptable compensation packages after reviewing at least one of the following: 1) Information about compensation paid by similarly situated tax-exempt organizations for similar services; 2) current compensation surveys compiled by independent firms; or 3) actual written offers from similarly situated organizations. Documentation of the compensation deliberation and decision is kept on file.”

“The Compensation Committee will establish acceptable compensation packages after reviewing at least one of the following: 1) Information about compensation paid by similarly situated tax-exempt organizations for similar services; 2) current compensation surveys compiled by independent firms; or 3) actual written offers from similarly situated organizations. Documentation of the compensation deliberation and decision is kept on file.”

“No documents were made available to the public, except for those that were included with the organization's Form 1024 application for exempt status, which are made available upon request as indicated in Line 18.”

“All employees are compensated by Environment California, Inc., under a common paymaster arrangement, and some are shared by Environment California Research and Policy Center, Inc., as well as other entities.”

“The Organization loaned $3,500,000 to a partnership in Denver, CO during 2015. As of August 31, 2021 the principle of the loan has been fully repaid. The loan carried a simple interest rate of 3.25% which was accrued by the Organization through August 31, 2019, resulting in accrued interest receivable of $456,876 as of August 31, 2020. The Organizations board of directors approved forgiving this interest receivable at the beginning of the current year, retro-active to the end of the prior year. Accordingly, the Organization has recorded a prior year adjustment to decrease both receivables and net assets by $456,876 effective August 31, 2020.”