2024-05-28T13:27:59-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 522135531 FOREST TRENDS ASSOCIATION FORE 2022983000 1203 19TH STREET NW 4TH FL WASHINGTON DC 20036 MICHAEL JENKINS PRESIDENT & CEO 2022983000 2024-05-28 1 MICHAEL JENKINS 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z MICHAEL JENKINS 1203 19TH STREET NW 4TH FL WASHINGTON DC 20036 12370738 0 X WWW.FOREST-TRENDS.ORG X 1998 DE SEE PART III, LINE 1. 17 15 32 20 0 0 9884351 12241112 0 60000 -98 41503 8525 6600 9892778 12349215 1680591 791227 0 0 5217052 4860432 0 0 65424 5251739 5550274 12149382 11201933 -2256604 1147282 10282490 11367968 4129716 4067912 6152774 7300056 X OUR MISSION IS TO DRIVE INNOVATION IN ENVIRONMENTAL FINANCE TO SUSTAIN RESILIENT ECOSYSTEMS AND COMMUNITIES.FOR OVER TWO DECADES, FOREST TRENDS HAS PIONEERED THE IDEA THAT CREATING ECONOMIC VALUE IN OUR FORESTS AND NATURAL ECOSYSTEMS IS ONE OF THE MOST POWERFUL INCENTIVES FOR SUSTAINING THEM.NATURE-BASED SOLUTIONS ARE NOW WIDELY RECOGNIZED AS AN ESSENTIAL PART OF THE SOLUTION FOR CLIMATE MIGRATION AND RESILIENCE. BUT SOCIETY NEEDS TO MOVE FASTER IN THE "NATURAL INFRASTRUCTURE" OF THE PLANET, OR WE RISK HITTING CLIMATIC TIPPING POINTS THAT PUT PARIS AGREEMENT GOALS OUT OF REACH.BY 2030, WE WANT GLOBAL ECONOMIC AND POLICY FORCES ALIGNED WITH THE ESSENTIAL REQUIREMENTS FOR RESILIENT ECOSYSTEMS AND COMMUNITIES. 0 0 3213361 670840 WATER: RECOGNIZING THE MULTIPLE VALUES, INCLUDING SUPPLIES OF CLEAN WATER, WHICH FORESTS PROVIDE TO PEOPLE, FOREST TRENDS HAS WORKED FROM INCEPTION TO PROMOTE THE USE OF INCENTIVES AND MARKET-BASED INSTRUMENTS TO PROTECT AND SUSTAINABLY MANAGE WATERSHED SERVICES. FOREST TRENDS HELPED ESTABLISH THE CHESAPEAKE BAY FUND, AN INNOVATIVE PARTNERSHIP BETWEEN FOREST TRENDS, THE WORLD RESOURCES INSTITUTE, AND THE CHESAPEAKE BAY FOUNDATION, TO RESTORE AND PROTECT THE BAY'S WATER QUALITY. IN 2010, WE LAUNCHED THE FIRST STATE OF WATERSHED PAYMENTS REPORT, THE FIRST GLOBAL SURVEY OF INCENTIVE AND MARKET-BASED INSTRUMENTS FOR PROTECTING HYDROLOGICAL SERVICES.IN 2018, USAID AND THE GOVERNMENT OF CANADA MADE A MAJOR $28 MILLION COMMITMENT (IN 2013 THIS COMMITMENT WAS INCREASED TO $52,181,653) TO THE NATURAL INFRASTRUCTURE FOR WATER SECURITY PROJECT IN PERU, LED BY FOREST TRENDS AND PARTNERS. FOREST TRENDS ALSO CREATED THE FIRST-EVER COMPREHENSIVE ONLINE COURSE ON NATURAL INFRASTRUCTURE FOR THE WATER SECTOR IN COLLABORATION WITH THE ASSOCIATION OF LATIN AMERICAN WATER UTILITY REGULATORS (ADERASA) AND FINANCING EXPERTS AT ECODECISIN. TO DATE, FOREST TRENDS HAS TRAINED 126 ENGINEERS AND WATER SERVICE PROVIDERS (70 MEN AND 56 WOMEN) IN 13 COUNTRIES IN DESIGNING AND EVALUATING NATURE-BASED INTERVENTIONS. THE COURSE IS IN ITS THIRD-PERENNIALLY OVERSUBSCRIBED-ITERATION. 2119105 FOREST POLICY, TRADE AND FINANCE: THE FOREST POLICY, TRADE AND FINANCE INITIATIVE WAS CREATED IN THE EARLY 2000S WHEN THE ORGANIZATION REALIZED THAT EMERGING MARKETS FOR ECOSYSTEM SERVICES AND PRODUCTS WERE CONTINUING TO BE UNDERMINED BY CHEAP AND ILLEGAL FOREST PRODUCTS. SINCE THEN, THE FPTF PROGRAM HAS BEEN WORKING TO "SQUEEZE OUT" THE PROFITABILITY AND MARKET ACCESS OF ILLEGALLY SOURCED TIMBER AND AGRICULTURAL PRODUCTS. THE ULTIMATE AIM OF THE FPTF PROGRAM IS TO SUPPORT MARKET TRANSFORMATION AWAY FROM PRODUCTS SOURCED ILLEGALLY FROM FOREST AREAS, DEVELOPING EXCELLENT DATA AND POLICY ANALYSIS IN CONJUNCTION WITH STAKEHOLDERS, AND MENTORING AND CONVENING 'COMMUNITIES OF PRACTICE' AT THE INTERSECTION OF GOOD FOREST GOVERNANCE, LAW ENFORCEMENT, TRADE CONTROLS, SECURE RESOURCE RIGHTS, AND SUSTAINABLE RESOURCE DEVELOPMENT. THE INITIATIVE'S THEORY OF CHANGE HINGES UPON A COMBINATION OF SUPPLY AND DEMAND SIDE INTERVENTIONS AT THIS INTERSECTION OF POLICY, GOVERNANCE, TRANSPARENCY, AND SUSTAINABLE RESOURCE PRODUCTION. 1424590 120387 60000 COMMUNITIES INITIATIVE: THE COMMUNITIES INITIATIVE IS ONE OF THE FIRST INITIATIVES OF FOREST TRENDS. THE INITIAL FOCUS WAS ON RESEARCH AND PUBLICATIONS TO PROMOTE COMMUNITIES' FOREST/LAND TENURE. IN 2006 WE TRANSITIONED TO OUR CURRENT APPROACH OF WORKING DIRECTLY WITH LOCAL COMMUNITIES TO STRENGTHEN THEIR CAPACITY TO SECURE AND MANAGE THEIR TRADITIONAL FOREST HOMELANDS.WE SUPPORT INDIGENOUS AND OTHER TRADITIONAL COMMUNITIES TO SECURE THEIR RIGHTS, MANAGE AND CONSERVE THEIR FORESTS AND IMPROVE THEIR LIVELIHOODS. FOCUSING ON RIGHTS, FORESTS, AND LIVELIHOODS, WE LINK LOCAL COMMUNITIES IN KEY GEOGRAPHIES TO OPPORTUNITIES AROUND EVOLVING POLICY, FINANCE, AND TECHNICAL ASSISTANCE. BY STRENGTHENING LOCAL COMMUNITIES' CAPACITY TO SECURE AND MANAGE THEIR FORESTS, THE COMMUNITIES INITIATIVE IS ALSO CONTRIBUTING TO CLIMATE CHANGE MITIGATION, CULTURAL SURVIVAL, AND TO THE CONSERVATION OF BIODIVERSITY AND OTHER ECOSYSTEM SERVICES. 0 PUBLIC-PRIVATE FINANCE: PPFI WAS LAUNCHED AS REGULATION TO SUPPORT GLOBAL AND US CARBON MARKETS FELL SHORT AND WHILE NORWAY AND OTHER COUNTRIES COMMITTED BILLIONS OF PUBLIC DOLLARS TO SUPPORT REDD. PPFI PROVIDED EARLY THOUGHT LEADERSHIP TO THE REDD+ PARTNERSHIP ON A ROADMAP TO IDENTIFY THE FINANCING GAPS AND HOW TO STRUCTURE PUBLIC FUNDS TO ATTRACT PRIVATE INVESTMENT IN REDD+ AND CLIMATE SMART SUPPLY CHAINS IN THE ABSENCE OF A CARBON MARKET. PPFI INITIALLY WORKED WITH CACAO AND COFFEE IN GHANA AND ETHIOPIA AND HAS WORKED WITH BEEF, CATTLE AND SOY IN BRAZIL AND COLOMBIA AND MOST RECENTLY WITH THE WATER INITIATIVE IN PERU AS WE APPLY THE SAME FINANCE PRINCIPLES BEYOND CARBON.WE HAVE APPLIED OUR WORK IN THE US WITH THE LAUNCH OF POLICY ROADMAP TO SUPPORT INVESTMENT IN THE US CARBON SINK. CONSERVING FOREST AND ECOSYSTEMS AND TRANSFORMING LAND USE AT SCALE TO SUSTAINABLE LOW EMISSIONS PRODUCTION SYSTEMS REQUIRES SUBSTANTIAL INVESTMENT. OUR PUBLIC PRIVATE FINANCE INITIATIVE IS STRATEGICALLY FOCUSED ON CREATING PUBLIC-PRIVATE ARCHITECTURES THAT INCREASE THE AMOUNT OF CAPITAL FLOWING TO LAND USE PRACTICES THAT REDUCE EMISSIONS FROM DEFORESTATION AND DEGRADATION, IMPROVE THE PRODUCTIVITY OF AGRICULTURAL AND LIVESTOCK SYSTEMS, AND ENHANCE LIVELIHOODS OF RURAL POPULATIONS. 1357534 ECOSYSTEM MARKETPLACE: LAUNCHED AS A WEB-BASED INFORMATION PLATFORM IN 2004, ECOSYSTEM MARKETPLACE PUBLISHES NEWSLETTERS, BREAKING NEWS, ORIGINAL FEATURE ARTICLES AND MAJOR REPORTS ABOUT MARKET-BASED APPROACHES TO CONSERVING ECOSYSTEM SERVICES. BEGINNING IN 2007, STAFF BEGAN COLLECTING SURVEY DATA TO INFORM THE FIRST-EVER "STATE OF THE VOLUNTARY CARBON MARKETS" REPORT; SINCE THEN, COVERAGE HAS EXPANDED TO INCLUDE FOREST CARBON, WATERSHED INVESTMENTS AND BIODIVERSITY IN OUR SIGNATURE "STATE OF" MARKET ANALYSIS REPORT FORMAT. LATELY, EM HAS EXPLORED NEW TOPICS OF INTEREST TO OUR TRADITIONAL MARKETS (E.G., THE BUYERS' REPORT), EXPANDED OUR COVERAGE TO NEW FOCAL TOPICS (E.G., SUPPLY CHANGE, AND THE CONSERVATION INVESTMENT SURVEY), AND INCREASED OUR EXTERNAL ADVISING AND CONSULTING OPPORTUNITIES (E.G., GLOBAL ALLIANCE FOR CLEAN COOKSTOVES, FOREST STEWARDSHIP COUNCIL).EM BELIEVES THAT TRANSPARENCY IS A HALLMARK OF ROBUST MARKETS AND THAT BY PROVIDING FREELY-ACCESSIBLE INFORMATION, WE CAN FACILITATE TRANSACTIONS (THEREBY LOWERING TRANSACTION COSTS) AND ALSO CATALYZE NEW THINKING AND SPUR THE DEVELOPMENT OF NEW MARKETS AND THE INFRASTRUCTURE THAT SUPPORTS THEM. WITH EM'S HIGH QUALITY MARKET INTELLIGENCE, PROJECT DEVELOPERS CAN BETTER MANAGE AND SELL ECOSYSTEM SERVICES; BUYERS CAN BETTER UNDERSTAND THE MARKETS AND THEIR LEGITIMACY; POLICY MAKERS CAN LEARN FROM PAST POLICIES TO CREATE MORE ENABLING ENVIRONMENTS FOR MARKETS; AND ACADEMICS CAN BETTER UNDERSTAND THE REAL-WORLD CHALLENGES AND TRENDS OF PAYMENTS FOR ECOSYSTEM SERVICES. 829930 CUMARI: FOREST TRENDS HAS COLLABORATED WITH RENOWNED CHEFS, SCIENTISTS, ENTREPRENEURS, AND WRITERS TO BUILD A NEW KIND OF ENVIRONMENTAL MOVEMENT THAT CELEBRATES THE POTENTIAL OF AMAZON FOOD UNLOCKS NEW ECONOMIC OPPORTUNITIES FOR THE RAINFOREST, AND BRINGS GREATER VISIBILITY TO THE CONSERVATION OF THE AMAZON-THE LARGEST TROPICAL FOREST IN THE WORLD.THE MOVEMENT IS CALLED CUMARI: RAINFOREST TO TABLE. BY TAPPING INTO THE AMAZON'S EXTRAORDINARY DIVERSITY, CHEFS ARE BRINGING EXCITING INGREDIENTS AND FLAVORS TO URBAN AUDIENCES, AND IN THE PROCESS CREATING NEW OPPORTUNITIES FOR THE COMMUNITIES ON THE FRONTLINES OF SAVING THE RAINFOREST. GASTRONOMY PROVIDES A POWERFUL TOOL TO RECOGNIZE THE VALUE OF BIODIVERSITY, STRENGTHEN IMPERILED INDIGENOUS CULTURES, AND CREATE NEW SOURCES OF INCOME FOR LOCAL PEOPLES. 2187464 8944520 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 29 0 1 32 1 0 1 PE 0 0 0 0 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL JENKINS 2022983000 1203 19TH STREET NW 4TH FL WASHINGTON DC 20036 X HARRIS SHERMAN SEE SCH O CO-CHAIR 0.50 X X 162600 0 0 SALLY COLLINS SEE SCH O SECRETARY 0.50 X X 127600 0 0 BETTINA VON HAGEN CO-CHAIR 0.50 X X 0 0 0 LINDA COADY TREASURER 0.50 X X 0 0 0 DAVID BRAND DIRECTOR 0.50 X 0 0 0 RICHARD BURRETT DIRECTOR 0.50 X 0 0 0 LYNDON HAVILAND DIRECTOR 0.50 X 0 0 0 OLOF JOHANSSON DIRECTOR 0.50 X 0 0 0 MIGUEL SEREDIUK MILANO DIRECTOR 0.50 X 0 0 0 MANUEL PULGAR-VIDAL DIRECTOR 0.50 X 0 0 0 SERGEY TSYPLENKOV DIRECTOR 0.50 X 0 0 0 JOHN EARHART DIRECTOR 0.50 X 0 0 0 JOSEPH AZRACK DIRECTOR 0.50 X 0 0 0 WHITNEY DEBEVOISE DIRECTOR 0.50 X 0 0 0 YUEJIA PENG DIRECTOR 0.50 X 0 0 0 BOB FANCH DIRECTOR 0.50 X 0 0 0 CAROLE SEGAL DIRECTOR 0.50 X 0 0 0 MICHAEL JENKINS PRESIDENT & CEO 40.00 X 356026 0 49629 OLY BRACHO CFO 40.00 X 235960 0 32802 STEPHEN DONOFRIO DIRECTOR, EM 40.00 X 197350 0 20956 KERSTIN CANBY DIRECTOR, FPTF 40.00 X 177666 0 25638 JOSE BORGES DIRECTOR, COMMUNITIES 40.00 X 166977 0 23700 GENEVIEVE BENNETT DIRECTOR, COMMUNICATIONS 40.00 X 158829 0 22919 GENA GAMMIE DIRECTOR, WATER INITATIVE 40.00 X 154055 0 22230 PATRICK MAGUIRE PROGRAMS MANAGER 40.00 X 128352 0 18522 1865415 0 216396 10 0 1 0 CONDESAN AVE ANTONIO MIROQUESADA 425 OF 401 LIMA PE NATURAL INFRASTRUCT. FOR WATER SECURITY 481238 DRIVE TALENT LLC 3608 WEST CORTLAND STREET CHICAGO IL 60647 RECRUITMENT SERVICES 302000 NATURAL CAPITAL ADVISORS LLC 400 MADISON AVE RM 4B NEW YORK NY 10017 NATURAL CAPITAL ADVISORY 200944 GREEN DATA SBS QUADRO 02 BLOCO E N12 SALA 2 BR COMMUNITIES 200000 PHUC XUAN 1/17 BILLABONG STREET LAWSON CANBERRA AS ACT 2617 FOREST POLICY, TRADE & FINANCE 161638 11 5520521 6720591 21523 12241112 REGISTRATION FEES 900099 60000 60000 60000 41488 41488 21538 21523 15 15 15 MISCELLANEOUS 900099 6600 6600 6600 12349215 60000 0 48103 X 791227 791227 1934938 1374724 510419 49795 2192008 1847304 343805 899 118496 97287 18959 2250 389681 318469 68494 2718 225309 176829 45774 2706 46748 40538 6210 110859 96133 14726 3793297 3314514 478783 64 24 40 84200 31835 52347 18 431805 252027 179778 337906 127761 210073 72 290845 213289 70627 6929 269292 187820 81472 16706 6316 10386 4 19291 7294 11993 4 48196 18223 29963 10 VAT/IGV 65607 24806 40787 14 LICENSE & REGISTRATION 16000 6050 9947 3 EQUIPMENT 9862 3729 6131 2 PAYROLL PROCESSING FEES 9596 8321 1275 11201933 8944520 2191989 65424 2244689 368068 810106 3298994 4336639 4936003 11780 36534 18178 18472 340895 311957 48229 28938 2812869 2680959 10282490 11367968 894808 835792 141273 137653 3093635 3094467 4129716 4067912 X 44734 665103 6108040 6634953 6152774 7300056 10282490 11367968 1147282 0 X 0 1 X 1 1 1 X 9986642 11939138 17015788 9884351 12241112 61067031 9986642 11939138 17015788 9884351 12241112 61067031 2487483 58579548 753 46 18 14 41488 42319 28200 2175 2175 8525 6600 47675 61157025 580976 0.95790 0.99050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 331395 302457 28938 9500 9500 0 28938 DEPOSITS 58614 RIGHT OF USE ASSET 2622345 2680959 REFUNDABLE ADVANCES 141637 OPERATING LEASE LIABILITY 2952830 3094467 12539510 190295 190295 12349215 0 12349215 11392228 190295 190295 11201933 0 11201933 1 SOUTH AMERICA 1 47 PROGRAM SERVICE ACTIVITIES COMMUNITIES AND TERRITORIAL GOVERNANCE; FOREST POLICY, TRADE, AND FINANCE; NATURAL INFRASTRUCTURE WATER SECURITY 2618178 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 765380 CENTRAL AMERICA AND THE CARIBBEAN 0 4 PROGRAM SERVICE ACTIVITIES COMMUNITIES AND TERRITORIAL GOVERNANCE 35658 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 13120 SUB-SAHARAN AFRICA 0 6 PROGRAM SERVICE ACTIVITIES COMMUNITIES AND TERRITORIAL GOVERNANCE; FOREST POLICY, TRADE, AND FINANCE 113853 NORTH AMERICA 0 2 PROGRAM SERVICE ACTIVITIES ECOSYSTEM MARKETPLACE AND CARBON MARKETS; FOREST POLICY, TRADE, AND FINANCE 224104 EAST ASIA AND THE PACIFIC 1 15 PROGRAM SERVICE ACTIVITIES FOREST POLICY, TRADE, AND FINANCE 485946 EUROPE 0 6 PROGRAM SERVICE ACTIVITIES FOREST POLICY, TRADE, AND FINANCE 45817 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 12727 2 80 0 0 2 80 4302056 12727 4314783 CENTRAL AMERICA AND THE CARIBBEAN COMMUNITIES AND TERRITORIAL GOVERNANCE 13120 WIRE TRANSFER 0 SOUTH AMERICA COMMUNITIES AND TERRITORIAL GOVERNANCE 107267 WIRE TRANSFER 0 EUROPE NATURAL INFRASTRUCTURE WATER SECURITY 12727 WIRE TRANSFER 0 SOUTH AMERICA NATURAL INFRASTRUCTURE WATER SECURITY 658113 WIRE TRANSFER 0 4 0 1 0 0 0 0 0 PART I, LINE 2: FOREST TRENDS PROCEDURES FOR MONITORING THE USE OF GRANTS AND OTHER ASSISTANCE OUTSIDE THE US: - MAINTAIN ACTIVE LINES OF COMMUNICATION WITH SUBRECIPIENTS; - ENSURE PERFORMANCE GOALS ARE ACHIEVED; - REVIEW TECHNICAL REPORTS; - REVIEW INVOICES TO ENSURE CHARGES ARE REASONABLY REFLECTIVE OF THE WORK PERFORMED; AND - APPROVE FINAL INVOICES IN A TIMELY MANNER PRIOR TO CLOSEOUT - ASSIST THE SUBRECIPIENT IN MAKING ANY REQUIRED ADJUSTMENTS TO THE ESTABLISHED BUDGET OR SUBCONTRACT, AS NEEDED - REQUEST ADDITIONAL DOCUMENTATION SUCH AS ORIGINAL RECEIPTS, COPIES OF PAYROLL RECORDS, AND AUDITS, AS NEEDED; - MAINTAIN DOCUMENTATION OF ALL MONITORING EFFORTS. ADDITIONAL MONITORING PROCEDURES WILL BE PERFORMED FOR SUBRECIPIENTS POSING A HIGHER RISK. THE FOLLOWING IS A LIST OF ADDITIONAL PROCEDURES THAT MAY BE PERFORMED IN SOME COMBINATION. (1) ON-SITE VISITS TO EVALUATE APPROPRIATENESS OF SUBRECIPIENT'S ADMINISTRATIVE SYSTEMS, PROCESSES, AND CHARGES. (2) AUDITS MAY BE CONDUCTED BY FOREST TRENDS AND/OR INDEPENDENT. (3) ADMINISTRATORS AT SUBRECIPIENT SITES MAY BE ASKED TO COMPLETE QUESTIONNAIRES DOCUMENTING THEIR INTERNAL CONTROLS AND GRANTS MANAGEMENT PROCEDURES. (4) SUBRECIPIENTS MAY BE ASKED TO PROVIDE PERIODIC FINANCIAL AND PERFORMANCE REPORTS FOR REVIEW. X X X 0 0 0 0 0 0 0 1 0 MICHAEL JENKINS PRESIDENT & CEO 332526 0 23500 0 0 0 24922 0 24707 0 405655 0 0 0 OLY BRACHO CFO 219173 0 16787 0 0 0 16517 0 16285 0 268762 0 0 0 STEPHEN DONOFRIO DIRECTOR, EM 197350 0 0 0 0 0 6293 0 14663 0 218306 0 0 0 KERSTIN CANBY DIRECTOR, FPTF 177666 0 0 0 0 0 12437 0 13201 0 203304 0 0 0 JOSE BORGES DIRECTOR, COMMUNITIES 161676 0 5301 0 0 0 11688 0 12012 0 190677 0 0 0 GENEVIEVE BENNETT DIRECTOR, COMMUNICATIONS 158829 0 0 0 0 0 11118 0 11801 0 181748 0 0 0 GENA GAMMIE DIRECTOR, WATER INITATIVE 154055 0 0 0 0 0 10784 0 11446 0 176285 0 0 0 HARRIS SHERMAN SEE SCH O CO-CHAIR 162600 0 0 0 0 0 0 0 0 0 162600 0 0 0 PART I, LINE 7 THE FOLLOWING INDIVIDUALS RECEIVED PERFORMANCE BASED BONUS COMPENSATION IN 2023: MICHAEL JENKINS $23,500 OLY BRACHO $16,787 JOSE BORGES $5,301 FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT. THE DRAFT 990 WAS REVIEWED AND APPROVED BY AUDIT COMMITTEE OF THE FOREST TRENDS BOARD, THEN DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING FOR REVIEW AND COMMENT. IF ANY CHANGES WERE MADE, A FINAL COPY OF THE 990 WAS RESENT TO THE ENTIRE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY BY THE DIRECTOR OF ADMINISTRATION. IF A CONFLICT OF INTEREST ARISES, THE OFFICER OR DIRECTOR IS REQUIRED TO DISCLOSE THE CONFLICT OF INTEREST TO THE ENTIRE BOARD OF DIRECTORS. THEN HE OR SHE WOULD RECUSE HIMSELF OR HERSELF FROM DELIBERATION OR VOTING ON A MATTER RELATED TO THE CONFLICT OF INTEREST. AS WITH DIRECTORS AND OFFICERS, ALL EMPLOYEES CONFORM TO THE SAME CONFLICT OF INTEREST POLICY AND FILE CONFLICT OF INTEREST DISCLOSURE STATEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT & CEO'S SALARY IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE AND THE BOARD. THE COMPENSATION COMMITTEE UTILIZED EXECUTIVE COMPENSATION STUDIES PERFORMED BY INDEPENDENT CONSULTANTS DURING ITS REVIEW. THE PROCESS AND DECISION IS DOCUMENTED BY AN APPROVAL LETTER THAT IS KEPT IN THE PERSONNEL FILES. THE PRESIDENT & CEO DETERMINES THE SALARIES OF THE OTHER EMPLOYEES. THE MOST RECENT SALARY REVIEW TOOK PLACE IN JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS ARE ALSO AVAILABLE ON CHARITYNAVIGATOR.ORG. ADDITIONALLY, AUDITED FINANCIAL STATEMENTS ARE LOCATED ON THE FOREST TRENDS WEBSITE, WWW.FOREST-TRENDS.ORG. FORM 990, PART VII, SECTION A: SALLY COLLINS AND HARRIS SHERMAN'S COMPENSATION IS RELATED TO SERVICES PROVIDING EXPERT ADVICE TO FOREST TRENDS IN DESIGNING & IMPLEMENTING PARTNERSHIP AGREEMENT ACTIVITIES, AND SERVING AS A HIGH-LEVEL LIAISON BETWEEN FOREST TRENDS AND THE USFS, PRIVATE SECTOR REPRESENTATIVES, AND OTHER STAKEHOLDERS. THE COMPENSATION IS UNRELATED TO THEIR ROLES ON THE BOARD OF DIRECTORS. FORM 990, PART IX, LINE 11G OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 3,268,763. MANAGEMENT AND GENERAL EXPENSES 471,774. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,740,537. TRANSLATION SERVICES: PROGRAM SERVICE EXPENSES 8,570. MANAGEMENT AND GENERAL EXPENSES 1,313. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,883. TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 37,181. MANAGEMENT AND GENERAL EXPENSES 5,696. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,877. THE KATOOMBA GROUP 1203 19TH STREET NW 4TH FL WASHINGTON DC 20036 203738283 FACILITATE STRATEGIC PARTNERSHIPS TO LAUNCH GREEN FOREST PRODUCTS DC 501(C)(3) LINE 12A, I FTA 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0