Rust Foundation

“The organization's executive director and head of finance and funding 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 261,151 british pound sterlings (332,445 us dollars) of reportable compensation in 2023. The organization's head of finance and funding received 113,977 british pound sterlings (145,092 us dollars) of reportable compensation and 10,362 british pound sterlings (13,190 us dollars) in retirement benefits in 2023. The reportable compensation and benefits paid to these officers are reported on part ix, line 5 (in us dollars).”

“The organization amended its bylaws in june 2023 to reflect language more closely in line with delaware law, capture recent changes in rust project governance, remove outdated references to the rust core team, and more clearly describe the authority and decision-making processes within the foundation.”

“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.”

“The organization's director of operations is paid through a compensation arrangement with rust inc limited, a foreign subsidiary of rust foundation. Under this arrangement, the organization's director of operations received 96,300 british pound sterlings (122,590 us dollars) of reportable compensation and 7,130 british pound sterlings (9,077 us dollars) in retirement benefits in 2023. The organization's software engineer is paid through an employer of record, canada remote technology inc. Under this arrangement, the organization's software engineer received 167,310 canadian dollars (126,269 us dollars) of reportable compensation and 3,754 canadian dollars (2,833 us dollars) in retirement benefits in 2023. Both are highest compensated employees of rust foundation.”

“Return of unused grants 23,000.”