Rfefl Inc

“The board acts in full, there are no committees with authority to act on behalf of the board.”

“The tax return was prepared by the comptroller and reviewed by independent accountants. The prepared form was circulated to the senior finance management team. The form was then provided to the board secretary for distribution to the members of the board of directors. The final form was signed by the vp, chief financial officer & treasurer and provided to the independent accountants for filing.”

“Federal employees are subject to conflict-of-interest rules prescribed by federal law and regulation. Each member of the rfe/rl board, in his or her capacity as a member of the broadcasting board of governors, files a form 450 (u.s. Office of government ethics) financial disclosure report. Oge guidance indicates that the "purpose of [that] report is to assist employees and their agencies in avoiding conflicts between official duties and private financial interests or affiliations." all employees, including officers, are required to make annual submissions regarding their interests. Rfe/rl's policies and procedures manual contains strong, clear language regarding conflicts of interest, including provisions for disciplinary action. The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy. Cases of potential conflict of interest are referred to the rfe/rl general counsel, who investigates and makes a determination as to whether or not the conflict of interest policy has been violated. If rfe/rl determines that the policy has been violated, the employee in question is subject to disciplinary action up to and including termination.”

“Compensation for the executive director/president is set by statute at executive level iv. The process does not include comparability, market data, deliberation, or review. Compensation for three senior executive positions in washington, d.c., is set by statute at executive level iii. The process does not include comparability, market data, deliberation, or review; however, the process for key personnel includes comparability, market data, deliberation, and review subject to executive level iv maximums. The last compensation review took place on 04/01/2018.”

“Rfe/rl, inc. Makes its governing documents, conflict of interest policy and finanical statements available to the public upon request.”

“Several former directors received compensation from a related organization. Rfe/rl has requested the information but as of filing it wasn't provided by the related organization. Based on prior year amounts, management believes the amount reportable to rfe/rl is minimal.”

“In 2023, rfe/rl closed rfe/rl llc which was directly related to rfe/rl's russian service program.”

“Research: program service expenses 82,769. Management and general expenses 41,667. Fundraising expenses 0. Total expenses 124,436. Translation: program service expenses 171,240. Management and general expenses 2,452. Fundraising expenses 0. Total expenses 173,692. Transport services: program service expenses 209,083. Management and general expenses 10,759. Fundraising expenses 0. Total expenses 219,842. Bureau services: program service expenses 752,550. Management and general expenses 235,255. Fundraising expenses 0. Total expenses 987,805. Freelance services: program service expenses 11,400,509. Management and general expenses 82,676. Fundraising expenses 0. Total expenses 11,483,185. Content support: program service expenses 6,572,091. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,572,091. Other prof. Fees: program service expenses 4,004,029. Management and general expenses 2,476,522. Fundraising expenses 0. Total expenses 6,480,551. General support services: program service expenses 66. Management and general expenses 643,119. Fundraising expenses 0. Total expenses 643,185. Protective services: program service expenses 0. Management and general expenses 1,867,800. Fundraising expenses 0. Total expenses 1,867,800.”

“Change in pension benefit and post-retirement liability obligations 6,375,020. Change in fair value of cash surrender value 2,098,021. Translation gain/loss 162,541. Rfe/rl llc bankruptcy impact 16,367,538.”

“The board members are chosen based on their expertise in mass communications, broadcast media, or international affairs. The vp, chief financial officer (cfo) & treasurer is responsible to the board of directors for the integrity of the financial statements. The comptroller coordinates the audit on behalf of the chief financial officer. The results are reviewed with the cfo who in turn presents the financial results to the board. The independent accountants are chosen by a rigorous, competitive proposal process. There is no audit committee of the board of directors.”

“Rfe/rl llc was forced into bankruptcy by the russian courts on march 13, 2023 as a result of circumstances related to the severe restrictions imposed on independent journalism by russian authorities. As a result of this, fines in the amount of $16,367,538 were recorded during the years ended september 30, 2022 and 2021. The write off of this liability in 2023 and the recording of fines in 2022 are presented as an other change in net assets.”