Resources for the Future Inc.

“Rff officer compensation will be set annually as follows: (a) the board decides the president's compensation, based on a recommendation from the executive committee; (b) the executive committee decides all other officers' compensation, based on a recommendation from the president. The intermediate sanctions rules require that all property transfers be at fair market value. Per irs regulations, compensation is presumed a property transfer and is presumed to be at fmv if:(1) the compensation agreement or terms of the transfer are approved in advance, by an authorized body of the exempt organization, composed entirely of individuals without a conflict of interest; (2) the board or committee obtained and relied upon appropriate data as to comparability in making its determination; and (3) the board or committee adequately documented the basis for its determination, concurrently with making the decision. Referring the three criteria above in the rff context: (1) salary agreements are approved in advance by the board or the executive committee and no interested parties are involved in setting them. (2) we subscribe to a number of surveys that look at nonprofit organizations and research organizations in washington and nationwide. They provide good information and can be relied on to judge comparability. Periodically rff will engage a compensation consultant to conduct an independent analysis. (3) we prepare minutes of all executive committee meetings which reflect salary decisions. Materials used by the committee to determine comparability goes into the personnel files for the individuals involved.”

“THE FORM 990 IS REVIEWED BY THE Vice President of Finance & Administration AND the President and CEO, AND MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO THE SUBMISSION TO THE IRS.”

“Annually, the board of directors is required to complete a conflict of interest disclosure form.”

“Rff makes its governing documents available to the public upon request. Rff's financial statements and tax returns are posted on other non-profit websites that collect and post non-profit information.”

“OTHER EXPENSES - Total Expense: 3419468, Program Service Expense: 3012716, Management and General Expenses: 3547, Fundraising Expenses: 403205; Less: rental expenses - Total Expense: -1129042, Program Service Expense: , Management and General Expenses: -1129042, Fundraising Expenses: ;”