Rf Catalytic Capital Inc

“Members and stockholders the organization's sole member is the rockefeller foundation.”

“The organization's sole member, the rockefeller foundation, has the exclusive right to elect members of the board of directors.”

“Pursuant to the organization's bylaws, the following governance decisions are subject to the approval of the organization's sole member: - increasing or decreasing the number of directors on the board; - removal of officers or directors or filling board vacancies; - amending the organization's bylaws; and - delegating approval authority to the board members of rfcc's subsidiaries.”

“Form 990 review process the organization's form 990 is prepared by a nationally recognized accounting firm in conjunction with the organization's senior management and financial team. The form 990 is reviewed internally by the finance and legal teams of the rockefeller foundation, the organization's sole member. The process is also inclusive of a review by external legal counsel. Rfcc's audit committee is in charge of overseeing the presentation of and reporting on audited financial statements and the form 990. A complete copy of the form 990 is provided to all members of the governing board prior to filing with the internal revenue service.”

“Monitoring and enforcement of conflict of interest policy the organization has a conflict of interest policy that covers all directors, officers, employees, and board committee members, requiring them to annually submit a statement to the secretary of the board to disclose any potential conflicts of interest. Directors must also disclose potential conflicts of interest to the board as they arise. The board determines whether a conflict exists by majority vote, and the conflicted person must recuse himself/herself from the discussion and vote on such matter. Form 990, part vi, section b, line 13-14: whistleblower policy the organization has a whistleblower policy that is applicable to all employees, board members and other individuals and partners with whom rfcc conducts business. The organization has a document rentention policy and destruction policy that is applicable to all rfcc staff and board members.”

“In 2021, rfcc created the global alliance for people and planet, llc (geapp), to deliver transformational programs that will accelerate and scale an equitable energy transition in developing and emerging economies. Geapp is a disregarded entity for tax purposes, but its financial activities are reported in the rfcc form 990. Rfcc does not compensate any of the officers, directors or key employees reported on part vii of its form 990, but geapp does. From january through september of 2022, all compensation to the organization's key employees was paid by the rockefeller foundation, a sole member of rfcc; in october of 2022, a separate payroll was established for geapp and each of the key employees disclosed on the form 990 received a separate w-2 from geapp (and each individual is clearly designated as geaap employees in part vii). Compensation paid by geapp is reported in column d as reportable compensation from rfcc; compensation paid by the rockefeller foundation is reported in column e. For all other individuals reported on the form 990, part vii, compensation is paid by the rockefeller foundation. All decisions pertaining to their compensation are reviewed and approved by rf's compensation committee, which is comprised of independent trustees. On a periodic basis, the rf does a thorough review of compensation for the president and the executive team. This review includes a compensation survey by an independent compensation consultant, and consideration of comparability data obtained from other sources. The survey and data are carefully considered by the rf's compensation committee to ensure that compensation is reasonable and appropriate. Substantiation of the deliberation and decision of the compensation committee is maintained in the meeting minutes. In addition, employees of rf undergo a thorough evaluation process at the end of each year. Performance and goals are carefully reviewed and documented, then discussed with the employee. Merit increases and bonus awards are determined based on these evaluations. While the process for determining the compensation of these individuals includes a review and approval by independent persons, comparability data compiled by independent third parties, and contemporaneous documentation as required by the irs, this process is not undertaken by rfcc itself and the organization is required to answer form 990, part vi, line 15(a) and 15(b) no.”

“Documents made available to the public the organization's financial statements are available to the public on the organization's website. The form 990 is also available on www.guidestar.org. The organization's governing documents and conflict of interest policy are not ordinarily made available to the public, but if requested, it will be provided at management's discretion.”

“Https://www.rockefellerfoundation.org/rf-catalytic-capital-inc/”

“The mission of rf catalytic capital, inc. (rfcc) is to foster and promote the general wellbeing of humanity throughout the world. Specifically, rfcc will work to develop, support and/or apply innovative solutions to address the world's most intractable social and environmental problems impacting vulnerable people, communities and ecosystems, and aggregate, manage and deploy capital to fund activities consistent with the foregoing and which build on or otherwise strengthen or expand the charitable programs and initiatives of rf and other like-minded institutions, as those may be articulated from time to time, including without limitation in the areas of public health, food sustainability and security, ending energy poverty and promoting renewable clean energy and expanding equity and economic opportunity.”

“Restructuring of the pandemic prevention institute (ppi) during 2022, because of significant shifts in pandemic prevention and overall response landscape, the management of rf and rfcc decided to no longer pursue the pandemic prevention institute (ppi) as a separate subsidiary of rfcc. The decision is based on rf's belief that the best way to ensure the world has the capacity to prevent future pandemics is to manage this initiative internally and engage more deeply with organizations that share a common ambition. Rf will continue to leverage and take advantage of opportunities that exist in the pandemic prevention landscape, through existing capacity and connections that were cultivated as part of rf's broader climate and health strategy.”

“Global energy alliance for people and planet (geapp), a disregarded entity of rfcc, aims to harness the full potential of green energy to create a more sustainable and equitable world. Created in october 2021, geapp's primary goal is to bring reliable electricity, powered by modern renewable technologies, to a billion people by decade's end and in doing so reduce one billion tons of greenhouse gas emissions.”

“Project access covid tests (project act): provides individuals in highly vulnerable communities the ability order free covid-19 tests that are delivered directly to their home. This federally funded project represents a turnkey public-private partnership, project act served as the cost aggregator for states resources and managed the test supplier and delivery relationships.”

“Pandemic prevention institute (ppi) aims to build an equitable, representative network of public health data systems that respects sovereignty, uploads the highest ethical standards, and empowers decision-makers to respond efficiently and effectively to pathogen threats.”

“Besides the employees of its disregarded entity, global energy alliance for people and planet, llc. ("geapp"), rfcc does not have its own employees; rfcc shares employees with its parent organization, rockefeller foundation (ein# 13-1659629). Rockefeller foundation's directors and officers have made a significant contribution of their time to develop rfcc and its programs. All w-2s and required employment tax returns are filed by rockefeller foundation. None of the compensation paid by rf for the people providing assistance to rfcc is allocated or reimbursed by rfcc and they are donated services. In addition to the 12 u.s. Employees identified on form 990, part v, line 2, the organization notes that it has 36 international employees that would not be reported on a u.s. Form w-3.”

“Grant consulting services: program service expenses 17,136,337. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,136,337. Hr consulting: program service expenses 12,629,479. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,629,479. Recruitement fees: program service expenses 1,614,141. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,614,141. Design services: program service expenses 301,113. Management and general expenses 0. Fundraising expenses 0. Total expenses 301,113. Computer consulting services: program service expenses 77,209. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,209. Marketing services: program service expenses 58,556. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,556. Governance consulting: program service expenses 21,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,250.”

“Prior year grant refund -13,400,000.”

“Other changes in net assets for fund balances because of significant shifts in pandemic prevention and overall response landscape, the management of rf and rfcc decided to no longer pursue the pandemic prevention institute (ppi) as a separate subsidiary of rfcc. The decision is based on rf's belief that the best way to ensure the world has the capacity to prevent future pandemics is to manage this initiative internally and engage more deeply with organizations that share a common ambition. Rf will continue to leverage and take advantage of opportunities that exist in the pandemic prevention landscape, through existing capacity and connections that were cultivated as part of rf's broader climate and health strategy. As part of this change to wind down the ppi as an independent entity, rfcc returned $13.4 million to rf, representing uncommitted funding from the grant that was received by rfcc on behalf of ppi, in a prior year.”