2024-07-17T09:33:21-05:00 2023-09-30 571157523 Aprio LLP 111 Rockville Pike Suite 600 Rockville MD 20850 990 2022-10-01 530220900 Resources for the Future Inc RESO 2023285000 1616 P Street NW Washington DC 20036 Carolyn Mollen VP, Finance & Administration 2023285000 2024-07-09 1 Carolyn Mollen 999009999 1 Stacy Cullen P00974308 3012316200 2024-07-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z William Pizer 1616 P Street NW Washington DC 20036 22892216 0 X WWW.RFF.ORG X 1952 DC To improve environmental, energy, and natural resource decisions through impartial economic research and policy engagement. 24 23 99 23 0 0 10356120 13753644 0 0 2491592 360447 180489 -377097 13028201 13736994 55000 115000 0 0 10740386 11573131 0 0 1199017 5209202 5548655 16004588 17236786 -2976387 -3499792 81880139 81861351 25746020 24130368 56134119 57730983 RFF's mission is to improve environmental, energy, and natural resource decisions through impartial economic research and policy engagement. 0 0 6886755 115000 Designing smart emissions reduction strategies: RFF creates climate solutions that are effective, efficient, equitable, beneficial to the economy, and able to achieve net-zero emissions goals-from economy-wide solutions that send consistent economic signals to the marketplace to sector-specific strategies for all major areas of the economy. 4920637 Confronting risks and building resilience: RFF evaluates the physical and economic impacts of climate change, using data to assess risks and uncertainties at global, national, sectoral, and local scales, to ensure that global decision makers are equipped with the information they need to build resilience in their communities. 1371556 Communications: dissemination of research results in the form of research publications, resources magazine, resources radio, the RFF website, and other methods. Communications activities advance RFF's reputation for independent research and nonpartisanship while informing and shaping public debate. Research publications disseminated include working papers, reports, issue briefs, data tools, and research findings in peer-reviewed journals. 13178948 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 71 0 1 99 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NJ NY DC X X Jessica Roper 2023285000 1616 P Street NW Washington DC 20036 Susan F Tierney Chair of the Board 1.00 X 0 0 0 Anthony Bernhardt Co-Vice Chair of the Board 1.00 X 0 0 0 Robert N Stavins Co-Vice Chair of the Board 1.00 X 0 0 0 James K Asselstine Chair, Nominating and Governance Committee 1.00 X 0 0 0 Vicky A Bailey Board Director 1.00 X 0 0 0 Janet Clark Board Director 1.00 X 0 0 0 James Connaughton Board Director 1.00 X 0 0 0 H Russell Frisby Board Director 1.00 X 0 0 0 Jonathan Garfinkel Board Director 1.00 X 0 0 0 Paula Glover Board Director 1.00 X 0 0 0 Glenn Hubbard Board Director 1.00 X 0 0 0 Peter Kagan Chair, Investment Committee 1.00 X 0 0 0 Barbara Kates-Garnick Board Director 1.00 X 0 0 0 Jeff Luse Board Director 1.00 X 0 0 0 Mary Landrieu Board Director 1.00 X 0 0 0 William Pate Board Director 1.00 X 0 0 0 Kyung-Ah Park Chair, Audit and Compliance Committee 1.00 X 0 0 0 Jonathan Silver Board Director 1.00 X 0 0 0 Ramya Swaminathan Board Director 1.00 X 0 0 0 Catherine Wolfram Board Director 1.00 X 0 0 0 W Bowman Cutter Chair Emeriti 1.00 X 0 0 0 Lawrence H Linden Chair Emeriti 1.00 X 0 0 0 Richard Schmalensee Chair Emeriti 1.00 X 0 0 0 Richard G Newell President and CEO 35.00 X X 583508 0 44053 William Pizer VP, Research & Policy Engagement 35.00 X 311952 0 32571 Shannon Wulf Tregar VP, Development and Institutional Strategy 35.00 X 293853 0 22193 Carolyn Mollen VP, Finance & Administration 35.00 X 276316 0 29697 Thomas Wrenn Chief of Staff 35.00 X 144680 0 6466 Ross Van der Linde VP, Communications 35.00 X 89541 0 3247 Kristina Gawrgy VP, Communications 35.00 X 60833 0 1091 Alan Krupnick Senior Fellow 35.00 X 294354 0 28445 Karen Palmer Senior Fellow 35.00 X 256135 0 35238 James Boyd Senior Fellow 35.00 X 255935 0 22345 Dennis Burtraw Senior Fellow 35.00 X 246175 0 31662 Michael Toman Senior Fellow 35.00 X 251525 0 18543 3064807 0 275551 10 0 1 0 Vault Consulting LLC 8401 Greensboro Dr Ste 500 McLean VA 22102 Accounting & HR Services 780232 David Wear 1201 Huntsman Dr Durham NC 27713 Research Consultant 151013 Occasions Caterers Inc 2400 Yorkmont Road Charlotte NC 28217 Catering Services 114466 Creative Video of Washington Inc 470 Springpark Place Ste 900 Herndon VA 20170 Videography Services 112120 RSM 4650 East 53rd Street Davenport IA 52807 Cyber Security Services 106853 5 1546639 12207005 13753644 784956 784956 1293663 1670760 -377097 -377097 -377097 7059953 7484462 -424509 -424509 -424509 13736994 0 0 -16650 115000 115000 1860692 1103075 387214 370403 7283264 6303940 448921 530403 959198 633053 290506 35639 887252 578445 247782 61025 582725 373780 158049 50896 223235 85409 137642 184 44690 10423 34267 658111 250852 407259 186835 186835 77718 63122 12763 1833 126778 35271 77422 14085 391173 354719 36446 8 775006 706313 68693 522346 415507 85526 21313 364447 331413 32199 835 162681 162681 60091 60091 Consultants 926502 826363 90972 9167 Subcontracts 756764 756764 0 0 Subscriptions 260670 175196 50951 34523 Other Expenses 11608 212 11386 10 17236786 13178948 2858821 1199017 607164 1071388 1444721 2458240 272599 152643 267884 29529186 9287703 20276972 20241483 54122910 53151670 920315 791281 4082815 3879405 81880139 81861351 2718296 2330918 1144683 414227 21559822 21052294 323219 332929 25746020 24130368 X 44559925 45485670 11574194 12245313 56134119 57730983 81880139 81861351 X -3499792 5125182 -28526 X X 0 1 X 1 1 1 X 7017077 12561899 12769728 10356120 13753644 56458468 7017077 12561899 12769728 10356120 13753644 56458468 4648162 51810306 2823596 1727162 2444661 2318602 2078619 11392640 67851108 0.76360 0.77090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 0 14500 102633 1 1 6565469 688759 325010 6929218 7647506 -757027 325010 8079523 6892151 1080365 325010 5486776 6744920 472241 325010 5947669 6740952 300112 296144 6144696 0.87000 0.13000 0 0 12981367 12981367 13086962 6132459 6954503 1517739 1502198 15541 1943118 1653046 290072 20241483 Liabilities under split-interest agreements 244787 Funds held for others 88142 332929 X 20317575 5125182 1642234 6767416 13550159 186835 186835 13736994 18720711 1670760 1670760 17049951 186835 186835 17236786 Part V, Line 4: Endowment funds are used to support various activities and projects as designated by the Board of Directors and applicable laws and are subject to donor intent. Part X, Line 2: RFF evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of September 30, 2023 and 2022, there are no accruals for uncertain tax positions. If applicable, RFF records interest and penalties as a component of income tax expense. Tax years from 2020 through the current year remain open for examination by tax authorities. Part XI, Line 2d - Other Adjustments: Unrealized loss on interest rate swap -28,526. 1616 P Street operations and maintenance 1,670,760. Part XII, Line 2d - Other Adjustments: 1616 P Street operations and maintenance 1,670,760. 0 Europe (including Iceland & Greenland) 0 1 Grantmaking Three topics critical to combat the risks posed by climate change. 1) Transparency under the Paris Agreement, since the implementation of the transparency mechanism will play an important role in future rounds of emission mitigation pledges. 2) The concern that some countries may take less ambitious mitigation efforts than others and especially those that are economically important peers and trading partners motivates the research, international trade, and competitiveness. If countries fear that ambitious mitigation policies may impose costs on their domestic manufacturing industries, then they may be less likely to ramp up the ambition under the Paris framework. 3) The failure to deliver sufficient emission mitigation to prevent warming consistent with the goals called for in the Paris Agreement then calls in question the potential implementation of geoengineering interventions. 0 1 0 0 0 1 0 0 0 Europe (including Iceland & Greenland) Research and develop policy for the consortium for climate-aligned trade. The consortium for climate-aligned trade is an emerging network of think tanks in G7 nations that have proven expertise in policies to align trade and climate goals, with a focus on accelerating decarbonization and just transitions in the industrial sector. 15000 Wire 0 Europe (including Iceland & Greenland) Research & presentation for the listed topics: 1)climate interactions between CDR and SRM and their economic value. 2) SRM interventions beyond temperature stabilization. 3) regional SRM interventions and their global repercussions. 25000 Wire 0 Europe (including Iceland & Greenland) Promote and conduct research in three focal areas: 1) monitor the continuing development of CBA policies and assess the economic impact of such. 2) monitor the continuing development of carbon clubs that focus on emissions the iron, steel, and aluminum sectors and assess the economic impacts of such policies. 3) consider the formation of carbon technology clubs. 75000 Wire 0 3 0 0 0 0 0 0 0 Part III Accounting Method: X X X X 0 0 0 0 0 0 0 1 0 Richard G Newell President and CEO 437840 0 54725 0 90943 0 33714 0 10339 0 627561 0 0 0 William Pizer VP, Research & Policy Engagement 293952 0 18000 0 0 0 22232 0 10339 0 344523 0 0 0 Alan Krupnick Senior Fellow 291164 0 3190 0 0 0 28445 0 0 0 322799 0 0 0 Shannon Wulf Tregar VP, Development and Institutional St 257843 0 18000 0 18010 0 18113 0 4080 0 316046 0 0 0 Carolyn Mollen VP, Finance & Administration 255488 0 18000 0 2828 0 19358 0 10339 0 306013 0 0 0 Karen Palmer Senior Fellow 253307 0 2828 0 0 0 24691 0 10547 0 291373 0 0 0 James Boyd Senior Fellow 253307 0 2628 0 0 0 18265 0 4080 0 278280 0 0 0 Dennis Burtraw Senior Fellow 243335 0 2840 0 0 0 24424 0 7238 0 277837 0 0 0 Michael Toman Senior Fellow 248585 0 2940 0 0 0 18543 0 0 0 270068 0 0 0 Thomas Wrenn Chief of Staff 143022 0 1658 0 0 0 3728 0 2738 0 151146 0 0 0 Part I, Line 7 The organization provided its officers with bonus compensation during the year. X 3 477780 FMV 0 0 0 0 Part I, Column (b): There were three separate stock donations: 01/04/23 ($165,510); 03/21/23 ($130,770); and 05/30/23 ($181,500). Form 990, Part VI, Section B, line 11b The form 990 is reviewed by the vice president of finance & administration and the President and CEO, and made available to the entire board prior to the submission to the IRS. Form 990, Part VI, Section B, line 12c Annually, the board of directors is required to complete a conflict-of-interest disclosure form. Form 990, Part VI, Section B, line 15 RFF officer compensation will be set annually as follows: (a) the board decides the president's compensation, based on a recommendation from the executive committee; (b) the executive committee decides all other officers' compensation, based on a recommendation from the president. The intermediate sanctions rules require that all property transfers be at fair market value. Per IRS regulations, compensation is presumed a property transfer and is presumed to be at FMV if:(1) the compensation agreement or terms of the transfer are approved in advance, by an authorized body of the exempt organization, composed entirely of individuals without a conflict of interest; (2) the board or committee obtained and relied upon appropriate data as to comparability in making its determination; and (3) the board or committee adequately documented the basis for its determination, concurrently with making the decision. Referring the three criteria above in the RFF context: (1) salary agreements are approved in advance by the board or the executive committee and no interested parties are involved in setting them. (2) we subscribe to a number of surveys that look at nonprofit organizations and research organizations in Washington and nationwide. They provide good information and can be relied on to judge comparability. Periodically RFF will engage a compensation consultant to conduct an independent analysis. (3) we prepare minutes of all executive committee meetings which reflect salary decisions. Materials used by the committee to determine comparability goes into the personnel files for the individuals involved. Form 990, Part VI, Section C, line 19 RFF makes its governing documents available to the public upon request. RFF's financial statements and tax returns are posted on other non-profit websites that collect and post non-profit information. Form 990, Part XI, line 9: Unrealized loss on interest rate swap -28,526. Form 990, Part XII, Line 2c: No changes from prior year