Romanian United Fund

“Mihai Lehene (Board President) and Ligia Apostoaia (Board Secretary) have a business relationship through MDL Investments.MDL Investments is an entity 100% owned by Mihai Lehene, and Ligia Apostoaia serves as CEO of the entity.Neither individual received any compensation from RUF for their board roles, and all transactions with MDL Investments were in the form of charitable contributions from MDL to RUF, not payments from RUF to MDL.No family relationship exists between Mihai and Ligia.The organization has reviewed these relationships in accordance with its Conflict of Interest Policy and determined that they do not compromise RUFs independence or governance.”

“A draft of Form 990 is prepared by the external tax preparer and provided to the Board President and Treasurer for review. They review the return for accuracy and completeness and provide any comments or requested revisions to the preparer.”

“The organization maintains a written conflict of interest policy that applies to all directors, officers, and key employees. Each covered individual is required to complete and sign an annual written disclosure of potential conflicts. The organization also requires individuals to disclose any conflict that arises during the year and to recuse themselves from deliberations and decisions where a conflict exists. All recusals and disclosures are documented in the minutes. These procedures are designed to ensure that all decisions are made in the best interest of the organization and in compliance with section 4958.”

“RUF does not compensate its top management official.The organization has no paid CEO, Executive Director, or other top management official.All leadership duties are performed by volunteers.Because no compensation is paid, no compensation-setting process is applicable for the top management official.”

“RUF does not compensate any officers, directors, or key employees.All such individuals serve on a voluntary basis.Since no individuals receive compensation, there is no compensation determination process for officers or key employees.”

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

“Line 9: Other changes in net assets consist of increases in net assets with donor restrictions and other adjustments recorded directly to net assets that did not pass through the revenue and expense section.”

“Form 990, Part IX, Line 11g, Other Fees:Contractors:Program Service Expense $110,788Management and General Expenses $38,085Fundraising Expenses $5,441Amounts represent contracted services for program delivery, administrative support, and fundraising activities.”