Resources Legacy Fund

“The 990 is prepared by outside tax accountants, reviewed by the chief financial officer, president of resources legacy fund, and the audit committee. It is then sent to all voting members before filing.”

“A conflict of interest policy covers officers and directors, who are required to disclose potential conflicts annually in writing and prior to any vote by the board of directors in which a conflict exists or appears to exist. The board of directors determines if an actual or apparent conflict exists and is responsible for any required review and action. In all cases, board members recuse themselves from voting in case of conflicts of interest. Additionally, a conflict of interest policy is included in the employee policy manual. Upon hire, employees are required to read it and acknowledge that they are familiar with and will observe the policy; actual, potential or perceived conflicts must be reported to executive management for review prior to the relevant decision.”

“The governance committee, on behalf of the board, engaged an outside consultant to review the executive compensation of rlf's peers, to assess rlf's executive compensation, and to provide an independent opinion regarding the reasonableness of rlf's executive compensation. The positions of president, secretary, and treasurer were included in this assessment. The president's compensation review was discussed and documented. This process was last undertaken in december 2021. Other officer and key employee compensation was also conducted by independent persons, using comparability data, and the discussion was documented. Part vii, section a: resources legacy fund (rlf) is party to a cost reimbursement arrangement with two other not-for-profit organizations, fund for a better future, inc., and shared ascent fund, under which those two organizations reimburse rlf for direct and indirect costs, including personnel costs. The w-2 compensation for 2022 reported by resources legacy fund for avi garbow, michael mantell, rosina bugarin, and helena choi totaled $549,892, $387,973, $286,521, and $273,323, respectively. Fund for a better future and shared ascent fund reimbursed rlf a total of $90,972, $ 18,508, $35,181, and $23,757, for salary costs for these four employees. The net amount--$458,920 for avi garbow, $369,465 for michael mantell, $251,340 for rosina bugarin, and $249,566 for helena choi, is what has been included as reportable compensation on part vii of the 990 for rlf for those individuals. The reimbursed amounts are reported on part vii of the 990 for fund for a better future and shared ascent fund.”

“Audited statements and 990 tax returns are available and downloadable from www.resourceslegacyfund.org. Form 1023 is available upon request.”

“The organization makes its form 1023 available upon request.”

“Opinion research: program service expenses 99,703. Management and general expenses 597. Fundraising expenses 0. Total expenses 100,300. Graphic design: program service expenses 48,974. Management and general expenses 293. Fundraising expenses 0. Total expenses 49,267. Communications: program service expenses 786,779. Management and general expenses 4,712. Fundraising expenses 0. Total expenses 791,491. Production: program service expenses 7,779. Management and general expenses 47. Fundraising expenses 0. Total expenses 7,826. Temporary help: program service expenses 11,087. Management and general expenses 66. Fundraising expenses 0. Total expenses 11,153. Human resources: program service expenses 156,282. Management and general expenses 936. Fundraising expenses 0. Total expenses 157,218. Coaching/thought partnership: program service expenses 30,815. Management and general expenses 185. Fundraising expenses 0. Total expenses 31,000. Contractor expenses (see below for details): program service expenses 14,798,207. Management and general expenses 88,619. Fundraising expenses 5,000. Total expenses 14,891,826.”