Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE CLIMATE REALITY ACTION FUNDS' CHIEF FINANCIAL OFFICER WILL RECEIVE THE FORM 990 FROM ITS ACCOUNTING FIRM. THE CHIEF FINANCIAL OFFICER WILL FORWARD THE FORM 990 TO BOARD MEMBERS FOR THEIR REVIEW. BOARD MEMBERS MAY THEN FORWARD QUESTIONS, IF ANY, TO THE CHIEF FINANCIAL OFFICER. THE CHIEF FINANCIAL OFFICER WILL WORK WITH ITS ACCOUNTING FIRM TO ADDRESS THE QUESTIONS FROM THE BOARD, IF ANY, PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, PRINCIPAL OFFICER, AND ANY MEMBER OF THE COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS MUST ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (I) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (II) HAS READ AND UNDERSTANDS THE POLICY; (III) HAS AGREED TO COMPLY WITH THE POLICY; AND (IV) UNDERSTANDS THE ORGANIZATION IS TAX-EXEMPT, AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE ORGANIZATION ALSO CONDUCTS PERIODIC REVIEWS AND CONSULTS WIH THIRD PARTIES TO DETERMINE WHETHER THE COMPENSATION AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND WHETHER THE PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT THE CLIMATE REALITY ACTION FUND REASONABLE INVESTMENT OR PAYMENT OF GOODS AND SERVICES, FURTHER TAX-EXEMPT PURPOSES, AND DO NOT RESULT TO INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR IN AN EXCESSIVE BENEFIT TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15A | CLIMATE REALITY ACTION FUND RELIES ON THE CLIMATE REALITY PROJECT TO SET OFFICER COMPENSATION. THE CLIMATE REALITY PROJECT IS AN AFFILIATED ORGANIZATION NOT RELATED FOR TAX PURPOSES. THE CLIMATE REALITY PROJECT'S PROCESS IS AS FOLLOWS: THE BOARD OF DIRECTORS HAS SET A COMPENSATION LEVEL CONSISTENT WITH SALARIES OF EXECUTIVE OFFICERS AT OTHER MAJOR NATIONAL ENVIRONMENTAL ORGANIZATIONS AND HAVE REFERRED TO RELEVANT COMPENSATION STUDIES WITH THE FINAL ACCEPTANCE OF THE BOARD. THE MOST RECENT COMPENSATION REVIEW TOOK PLACE IN DECEMBER 2020. |
| FORM 990, PART VI, SECTION C, LINE 19 | CLIMATE REALITY ACTION FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VII, SECTION A: | KENNETH BERLIN, CEO, IS COMPENSATED BY AN AFFILIATED ORGANIZATION NOT RELATED FOR TAX PURPOSES, THE CLIMATE REALITY PROJECT. FOR THE YEAR ENDED 12/31/2021, THE ACTION FUND REIMBURSED THE CLIMATE REALITY PROJECT FOR HIS ALLOCABLE SHARE OF COMPENSATION. THIS AMOUNT IS REFLECTED IN FORM 990, PART IX, LINE 5. $453 REPORTABLE COMPENSATION $46 BENEFITS $453 TOTAL REIMBURSED |
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