Resources Legacy Fund
- Assets
- $174.7m
- Revenue
- $131.0m
- Investments
- $0.0
- Employees
- 180
- Location
- Sacramento, CA
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 95-4703838
Organization Overview
Resources Legacy Fund is located in Sacramento, CA. The organization was established in 1998. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Resources Legacy Fund employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resources Legacy Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Resources Legacy Fund generated $131.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $85.9m during the year ending 12/2023. While expenses have increased by 13.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Resources Legacy Fund has awarded 2,101 individual grants totaling $242,409,978. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, RLF CONTINUED TO ADVANCE CONSERVATION, ENVIRONMENTAL EQUITY AND JUSTICE, AND CLIMATE SOLUTIONS IN COLLABORATION WITH DIVERSE PARTNERS AND COMMUNITY LEADERS. RLF'S WORK IN CONSERVATION FOCUSED ON: - PROTECTING AND RESTORING ECOLOGICALLY AND CULTURALLY SIGNIFICANT LANDS AND WATERS. - SUPPORTING CREATION, RECOGNITION, AND EFFECTIVE MANAGEMENT OF PROTECTED AREAS, INCLUDING BY PARTNERING WITH INDIGENOUS NATIONS, TRIBES, AND NATIVE HAWAIIANS TO HELP ADVANCE CONSERVATION IN THEIR TRADITIONAL TERRITORIES.
RLF'S WORK TO ADDRESS THE CLIMATE CRISIS FOCUSED ON: - SUPPORTING A TRANSITION TO A CLEAN ENERGY ECONOMY IN WAYS THAT CREATE ECONOMIC OPPORTUNITY AND SUPPORT HEALTHY COMMUNITIES AND ECOSYSTEMS FOR ALL. - PROMOTING THE USE OF NATURE-BASED CLIMATE SOLUTIONS. - STRENGTHENING COMMUNITY RESILIENCE TO WILDFIRE, FLOODS, DROUGHT, EXTREME HEAT, AND OTHER IMPACTS OF CLIMATE CHANGE.
RLF'S WORK TO ADVANCE ENVIRONMENTAL EQUITY AND JUSTICE FOCUSED ON: - SUPPORTING ADVOCATES AND LEADERS FROM FRONTLINE AND INDIGENOUS COMMUNITIES IN EFFORTS TO ADDRESS ENVIRONMENTAL AND CLIMATE THREATS, IMPROVE PUBLIC HEALTH, AND ATTAIN MORE EQUITABLE ACCESS TO NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avi Garbow See Sch O Director And President | OfficerTrustee | 40 | $512,796 |
Barton Thompson Jr Board Chair | Trustee | 1 | $0 |
Jeanne Sedgwick Board Vice Chair | Trustee | 1 | $0 |
Lise Aangeenbrug Director | Trustee | 1 | $0 |
Ned Barnholt Director (thru 3/2023) | Trustee | 1 | $0 |
Steve Gaines Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vox Media Llc Consulting | 12/30/23 | $400,000 |
Wearerally Llc Consulting | 12/30/23 | $1,447,168 |
O'herron & Company Consulting | 12/30/23 | $278,157 |
Salish Strategies Llc Consulting | 12/30/23 | $226,020 |
Elias Law Group Consulting | 12/30/23 | $221,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,638,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,556,187 |
| Noncash contributions included in lines 1a–1f | $12,537,202 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,194,661 |
| Total Program Service Revenue | $1,981,894 |
| Investment income | $4,023,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,971 |
| Net Gain/Loss on Asset Sales | $2,805,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,040,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,525,540 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,679,809 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,506,244 |
| Compensation of current officers, directors, key employees. | $813,673 |
| Compensation to disqualified persons | $149,224 |
| Other salaries and wages | $15,477,995 |
| Pension plan accruals and contributions | $993,413 |
| Other employee benefits | $1,820,236 |
| Payroll taxes | $1,326,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $366,301 |
| Fees for services: Accounting | $108,664 |
| Fees for services: Lobbying | $90,950 |
| Fees for services: Fundraising | $27,250 |
| Fees for services: Investment Management | $211,290 |
| Fees for services: Other | $20,733,375 |
| Advertising and promotion | $75,054 |
| Office expenses | $477,452 |
| Information technology | $1,106,520 |
| Royalties | $0 |
| Occupancy | $564,084 |
| Travel | $1,557,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $461,813 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,622 |
| Insurance | $129,005 |
| All other expenses | $37,182 |
| Total functional expenses | $85,936,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,003,977 |
| Savings and temporary cash investments | $42,001,353 |
| Pledges and grants receivable | $31,190,940 |
| Accounts receivable, net | $357,753 |
| Loans from Officers, Directors, or Controlling Persons | $13,276 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $369,999 |
| Net Land, buildings, and equipment | $1,266,845 |
| Investments—publicly traded securities | $86,431,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,092,335 |
| Total assets | $174,728,294 |
| Accounts payable and accrued expenses | $4,405,805 |
| Grants payable | $5,137,900 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,819,704 |
| Total liabilities | $13,363,409 |
| Net assets without donor restrictions | $9,680,176 |
| Net assets with donor restrictions | $151,684,709 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $174,728,294 |
Grants Awarded
Over the last fiscal year, Resources Legacy Fund has awarded $35,497,040 in support to 280 organizations.
| Grant Recipient | Amount |
|---|---|
CLIMATE POWER EDUCATION FUND PURPOSE: FISCAL SPONSORSHIP SPINOFF | $4,330,000 |
EARTHJUSTICE PURPOSE: LAND OR MARINE CONSERVATION, CLIMATE CHANGE, AND/OR ENVIRON. EQUITY AND JUSTICE. | $2,500,000 |
HIP HOP CAUCUS EDUCATION FUND PURPOSE: LAND OR MARINE CONSERVATION, CLIMATE CHANGE, AND/OR ENVIRON. EQUITY AND JUSTICE. | $1,367,152 |
GLOBAL ALLIANCE FOR INCINERATOR ALTERNATIVES PURPOSE: LAND OR MARINE CONSERVATION, CLIMATE CHANGE, AND/OR ENVIRON. EQUITY AND JUSTICE. | $1,085,000 |
EARTHWORKS PURPOSE: LAND OR MARINE CONSERVATION, CLIMATE CHANGE, AND/OR ENVIRON. EQUITY AND JUSTICE. | $970,000 |
THE WATERSHED RESEARCH AND TRAINING CENTER PURPOSE: LAND OR MARINE CONSERVATION, CLIMATE CHANGE, AND/OR ENVIRON. EQUITY AND JUSTICE. | $736,000 |