2025-11-15T12:55:51-06:00 2024-12-31 861065772 DELOITTE TAX LLP 7900 TYSONS ONE PLACE MCLEAN VA 221025971 990 2024-01-01 931880653 GALAPAGOS LIFE FUND GALA 2126264689 4590 DEER BONN ROAD KESWICK VA 22947 ROBERT WEARY DIRECTOR, TREASURER 2126264689 2025-11-15 1 1 RACHEL KAUFMAN P01485017 7032511000 2024 2025-03-06 01:10:19Z ROBERT WEARY 4590 DEER BONN ROAD KESWICK VA 22947 1764129 0 X HTTPS://GALAPAGOSLIFEFUND.ORG.EC/ X 2023 DE THE GALAPAGOS LIFE FUND WILL PROVIDE FINANCIAL SUPPORT DESIGNED TO PROMOTE THE MAINTENANCE, GROWTH AND SECURITY OF THE NATURAL CAPITAL OF THE GALAPAGOS ISLANDS AND THEIR MARINE ECOSYSTEMS. 11 11 0 11 0 0 181952 969384 0 0 50872 794745 0 0 232824 1764129 0 0 0 0 21456 168121 0 0 0 160497 863521 181953 1031642 50871 732487 8748401 26861942 8697530 25497118 50871 1364824 X THE GALAPAGOS LIFE FUND PROVIDES FINANCIAL SUPPORT AND PROMOTES THE PRESERVATION, GROWTH, AND SECURITY OF THE NATURAL CAPITAL OF THE GALAPAGOS ISLANDS AND THEIR MARINE ECOSYSTEMS. IT DOES SO BY GRANTING FUNDING TO RELEVANT ENVIRONMENTAL AND SOCIAL DEVELOPMENT PROJECTS LED BY ORGANIZATIONS, GOVERNMENT AGENCIES, AND OTHER ENTITIES ADDRESSING ISSUES RELATED TO BIODIVERSITY, SOCIETY, ECONOMY, SUSTAINABILITY, AND CLIMATE CHANGE. THE FUND MAY ALSO PLEDGE ASSETS TO SECURE LOANS AND OTHER OBLIGATIONS IN ALIGNMENT WITH ITS PURPOSE. 0 0 0 0 0 FUND PROJECTS DESIGNED TO SUPPORT AND PROMOTE THE MAINTENANCE, GROWTH AND SECURITY OF THE NATURAL CAPITAL OF THE GALAPAGOS ISLANDS AND THEIR MARINE ECOSYSTEMS. 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X MONICA CALVOPINA 2126264689 4590 DEER BONN ROAD KESWICK VA 22947 ANDRES ORDONEZ DIRECTOR, SECRETARY 5.00 X X 0 0 0 ROBERT WEARY DIRECTOR, TREASURER 5.00 X X 0 0 0 SUSANA CARDENAS DIAZ DIRECTOR, CHAIR 5.00 X X 0 0 0 ALEXI MONCAYO DIRECTOR 2.00 X 0 0 0 DANNA DANA ZAMBRANO DIRECTOR (END 7/24) 2.00 X 0 0 0 EDGAR ANDRADE DIRECTOR (BEGIN 11/24) 2.00 X 0 0 0 EDWIN ALTAMIRANO DIRECTOR (2/24 - 7/24) 2.00 X 0 0 0 GABRIELA SOMMERFELD DIRECTOR (BEGIN 2/24) 2.00 X 0 0 0 GIUSEPPE DI CARLO DIRECTOR 2.00 X 0 0 0 JIMMY BOLANOS DIRECTOR (BEGIN 11/24) 2.00 X 0 0 0 MARIA CRISTINA RECALDE DIRECTOR (BEGIN 11/24) 2.00 X 0 0 0 RICARDO UNDA DIRECTOR (2/24 - 7/24) 2.00 X 0 0 0 ROBERT ROEDER DIRECTOR 2.00 X 0 0 0 SADE FRITSCHI NARANJO DIRECTOR (END 12/24) 2.00 X 0 0 0 SERGIO PALOMEQUE DIRECTOR (BEGIN 11/24) 2.00 X 0 0 0 MONICA CALVOPINA EXECUTIVE DIRECTOR 40.00 X 124455 0 0 124455 0 0 1 0 0 0 0 969384 969384 722222 722222 72523 0 72523 72523 72523 1764129 0 0 794745 X 124455 124455 39413 39413 4253 4253 101578 101578 23850 23850 524616 524616 9287 9287 22555 22555 5557 5557 23123 23123 22319 22319 73 73 2413 2413 12581 12581 BANK FEES 62293 62293 TAXES AND FEES 47602 47602 REPAIRS AND MAINTENANCE 5657 5657 UNIFORMS 17 17 1031642 0 1031642 0 0 500 0 8049520 3700 3700 2054983 0 38994 36480 17249 2496 1088 14753 6619404 18729053 30232 27936 8748401 26861942 104482 326334 0 1620 8593048 25169164 8697530 25497118 X 0 0 0 0 50871 1364824 50871 1364824 8748401 26861942 732487 581466 0 X X 0 1 X 1 0 X 181952 969384 1151336 181952 969384 1151336 1112847 38489 50872 722222 773094 1924430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6619404 10966500 1143149 0 0 0 18729053 0 6581250 38154 0 0 0 6619404 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.00000 0 0 11455 1969 9486 5794 527 5267 14753 ENDOWMENT INVESTMENTS 18729053 F 18729053 2345595 581466 581466 1764129 0 1764129 1031642 0 1031642 0 1031642 SOUTH AMERICA 1 3 PROGRAM-RELATED INVESTMENTS ADMINISTRATION OF FUNDS AND OVERSIGHT OF LOCAL PROJECTS FOR PROMOTING MARINE CONSERVATION. 968386 1 3 0 0 1 3 968386 0 968386 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION ARE (1) OCEANS FINANCE COMPANY B.V. AND (2) LEDUNFLY PHILANTHROPY (EACH A "MEMBER"). FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL HAVE THE RIGHT TO APPOINT A DIRECTOR TO THE BOARD. IN ADDITION, EACH MEMBER SHALL HAVE THE RIGHT (I) TO DESIGNATE A DIRECT OR INDIRECT SUBSIDIARY OR CONTROLLED ENTITY TO SERVE IN ITS PLACE AS A MEMBER AND (II) TO SELECT AND APPOINT ITS RESPECTIVE SUCCESSOR TO REPLACE SUCH MEMBER (A "SUCCESSOR MEMBER"); PROVIDED, HOWEVER, THAT AS LONG AS THE FOREIGN ENTERPRISE SUPPORT AGREEMENT ("FESA") IS IN FORCE, NO MEMBER OR DESIGNEE OR SUCCESSOR OF A MEMBER SHALL BE APPOINTED OR REPLACED WITHOUT THE PRIOR WRITTEN CONSENT OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (THE "DFC CONSENT"). LASTLY, EACH MEMBER SHALL HAVE THE RIGHT TO APPOINT ONE OR MORE OBSERVERS TO ATTEND MEETINGS OF THE BOARD; PROVIDED, THAT SUCH OBSERVERS SHALL NOT ENJOY ANY OF THE RIGHTS OR OBLIGATIONS OF A DIRECTOR, SHALL NOT BE COUNTED FOR PURPOSES OF ESTABLISHING A QUORUM AND SHALL HAVE NO VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT THIRD-PARTY PUBLIC ACCOUNTING FIRM, IN CONJUNCTION WITH MANAGEMENT. MANAGEMENT REVIEWS THE FORM 990 BEFORE THE COMPLETE COPY IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION HAS ADOPTED A CONFLICT OF INTEREST POLICY FOR ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. THE CORPORATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE AND PROVIDE INFORMATION REGARDING ANY INTERESTS THAT MAY BE POTENTIAL CONFLICTS PURSUANT TO THE CONFLICT OF INTEREST POLICY. THEY ARE REQUIRED TO PROVIDE ANY CHANGES OR NEW DISCLOSURES SHOULD THEY OCCUR. ALL DISCLOSURES AND SUBSEQUENT UPDATES TO DISCLOSURES ARE REVIEWED BY THE CO-CHAIRS OF THE BOARD AND ARE MADE AVAILABLE TO ANY BOARD MEMBER, OFFICER OR KEY EMPLOYEE UPON REQUEST. BOARD-LEVEL AND KEY PERSONNEL CONFLICTS ARE REVIEWED AND APPROVED, IF APPROPRIATE, BY THE CO-CHAIRS OF THE BOARD. IF A CONFLICT EXISTS WITH A DIRECTOR, CERTAIN RESTRICTIONS MAY BE IMPOSED, SUCH AS EXCUSING THE DIRECTOR FROM THE ROOM DURING DISCUSSION AND/OR VOTING WITH REGARD TO A PROPOSED TRANSACTION. TO ENSURE THE CORPORATION'S COMPLIANCE WITH THIS POLICY, PERIODIC REVIEWS ARE CONDUCTED. WHEN CONDUCTING PERIODIC REVIEWS, THE CORPORATION MAY USE OUTSIDE ADVISORS. IF OUTSIDE ADVISORS ARE USED, THEIR USE SHALL NOT RELIEVE THE BOARD OF ITS RESPONSIBILITY FOR ENSURING THAT PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR AND ALL OTHER EMPLOYEES' COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION IS ALSO APPROVED BY THE FINANCE COMMITTEE OF THE BOARD (THE "COMMITTEE"). THE COMMITTEE AND FULL BOARD OF DIRECTORS HAVE REVIEWED APPROPRIATE MARKET COMPENSATION AND BENEFITS INFORMATION, APPROPRIATE MARKET PRACTICES FOR COMPARABLE ORGANIZATIONS' POSITIONS AND BEST PRACTICES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE AND UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 395,444. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 395,444. REPRESENTATION FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 104,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104,000. TRANSLATION FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,610. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,610. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,562. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,562. FORM 990, PART IX: EXPENSES IN 2024 WERE RELATED TO ADMINISTRATIVE COSTS AND FEES. THE ORGANIZATION PLANS TO BEGIN PROGRAM SERVICES IN THE FOLLOWING YEAR. FORM 990, PART XII, LINE 1: THE ORGANIZATION'S FINANCIAL STATEMENTS HAVE BEEN PREPARED USING THE HISTORICAL COST METHOD IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM-SIZED ENTERPRISES ISSUED BY THE IASB (INTERNATIONAL ACCOUNTING STANDARD BOARD) AS OF DECEMBER 31, 2024, DUE TO ITS OPERATIONS IN ECUADOR.