Rust Foundation

“The organization's executive director, rebecca rumbul, and head of finance and funding, paul lenz, are paid through a compensation arrangement with rust inc limited, a foreign subsidiary of rust foundation. Under this arrangement, the organization's executive director received 290,609 british pound sterlings (363,726 us dollars) of reportable compensation in 2024. The organization's head of finance and funding received 98,945 british pound sterlings (123,839 us dollars) of reportable compensation and 8,995 british pound sterlings (11,258 us dollars) in retirement benefits in 2024. The reportable compensation and benefits paid to these officers are reported on part ix, line 5 (in us dollars).”

“The foundation shall have five classes of membership: platinum members, gold members, silver members, associate members, and individual members.”

“Each platinum member is allocated one board seat. Once there are 4 gold members they get to vote for one director from among their number; once there are 8 they get to vote for two directors, which is the maximum they get to vote for. Once there are 10 silver members they get to vote for one director, which is the maximum they are able to vote for.”

“A copy of the form 990 will be reviewed by the organization's governing body prior to being filed with the internal revenue service.”

“The conflict of interest policy is reviewed annually by the board, and each board member (and key employees) is required to complete an updated declaration on an annual basis. Copies of policy and declarations available on request.”

“Compensation levels are set by a dedicated compensation committee which is a subset of the foundation's board. Industry benchmarking is used to set compensation levels.”

“The organization makes its governing documents and conflict of interest policy available to the public on its website. The organization makes its financial statements available to the public upon request.”

“One of the organization's software engineers, tobias bieniek, is paid through an employer of record, remote technology gmbh. Under this arrangement, this software engineer received 150,902 euros (156,184 us dollars) of reportable compensation and 8,426 euros (8,721 us dollars) in retirement benefits in 2024. One of the organization's software engineers, adam harvey, is paid through an employer of record, canada remote technology inc. Under this arrangement, the software engineer received 214,531 canadian dollars (149,056 us dollars) of reportable compensation, 4,056 canadian dollars (2,818 us dollars) in retirement benefits, and 7,425 canadian dollars (5,159 us dollars) in nontaxable benefits in 2024. The organization's lead infrastructure engineeer, jan david nose, is paid through an employer of record, remote b.v. Under this arrangement, the lead infrastructure engineer received 144,450 euros (149,506 us dollars) of reportable compensation and 19,529 euros (20,213 us dollars) in retirement benefits in 2024. These three individuals are highest compensated employees of rust foundation.”

“Return of unused grants 1,000.”