2025-10-14T07:20:54-05:00 2024-09-30 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2023-10-01 237380563 RARE RARE 7035225070 1310 NORTH COURTHOUSE RD 110 ARLINGTON VA 22201 JOHN DE WET CFO 7035225070 2025-10-13 1 0 KRISTEN BARNETT P01234578 8133162300 2025-10-13 2023 2025-03-06 01:10:19Z X BRETT JENKS 1310 NORTH COURTHOUSE RD 110 ARLINGTON VA 22201 37597610 0 X WWW.RARE.ORG X 1974 VA RARE INSPIRES CHANGE SO PEOPLE AND NATURE THRIVE. 22 21 125 2000 419900 0 28724191 32367496 399699 510070 418903 625505 1318816 53830 30861609 33556901 321569 1508949 0 0 20937797 23036900 0 0 3255535 10817970 12609523 32077336 37155372 -1215727 -3598471 40527597 35089126 13501035 11059152 27026562 24029974 X SEE SCHEDULE O. 0 0 14133230 1302473 SUSTAINABLE FISHERIES AND AGRICULTURE - RARE IS A GLOBAL LEADER IN REDUCING COASTAL OVERFISHING AND REVITALIZING COASTAL FISHERIES. THROUGH A GLOBAL NETWORK OF 100 STAFF AND OVER 150 LOCAL PARTNERS, RARE MOBILIZES AND STRENGTHENS COMMUNITY-LED MANAGEMENT OF COASTAL FISHERIES. THROUGH A REPLICABLE MODEL ROOTED IN BEHAVIORAL SCIENCE, RARE PROMOTES RESPONSIBLE FISHING BEHAVIOR AMONG LOCAL FISHERS.RARE EQUIPS SMALLHOLDER FARMERS, AGRICULTURAL EXTENSION AGENTS, AND LOCAL LEADERS WITH THE SKILLS, TRAINING, AND DIGITAL TECHNOLOGY NEEDED TO SHIFT TO REGENERATIVE AGRICULTURE AND MORE SUSTAINABLE RANCHING PRACTICES. 12193229 121761 BEHAVIORAL SCIENCE AND RESEARCH - RARE IS A GLOBAL LEADER IN USING BEHAVIORAL SCIENCE TO DESIGN AND DEPLOY BREAKTHROUGH SOLUTIONS FOR PROTECTING NATURE AND COMBATTING CLIMATE CHANGE. THROUGH ITS TEAM OF BEHAVIORAL SCIENTISTS, RARE CONDUCTS CUTTING-EDGE RESEARCH, AND CREATES FIELD-BASED LEARNING APPROACHES AND OPPORTUNITIES TO BRING BEHAVIORAL SCIENCE TO THE FOREFRONT OF CONSERVATION. RARE ALSO TRANSLATES INSIGHTS FROM THE BEHAVIORAL SCIENCE COMMUNITY TO HELP DESIGN FOR PROMOTING SUSTAINABLE BEHAVIORS ROOTED IN A STRONG UNDERSTANDING OF HUMAN BEHAVIOR AND DECISION-MAKING. RARE PROVIDES COMMUNITIES, CREATORS, AND PARTNERS WITH INSIGHTS AND TOOLS TO SHIFT CULTURE AND CATALYZE THE ADOPTION OF SUSTAINABLE BEHAVIOR. 3932648 84715 510070 CONSERVATION FINANCE - WHERE TRADITIONAL FINANCIAL INSTRUMENTS FAIL, INNOVATIVE FINANCE BRIDGES THE GAP. RARE'S INNOVATIVE FINANCE BUILDS RESILIENCE TO BOTH FINANCIAL SHOCKS AND CLIMATE CHANGE IN UNDERSERVED, RURAL, AND REMOTE COMMUNITIES. THE PROGRAM USES A THREE-PRONGED APPROACH TO PROTECT VITAL ECOSYSTEMS AND BENEFIT LOCAL ECONOMIES, BY DE-RISKING INVESTMENTS, ADVANCING NATURE-BASED SOLUTIONS, AND BUILDING SUSTAINABLE LOCAL ECONOMIES WITH PATHWAYS TO THE FORMALECONOMY. 30259107 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 X 95 0 1 125 1 1 1 1 MX CH RP ID BR MZ CO GM HO 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 AK AL AR AZ CA CO CT DC DE FL GA HI IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN VA VT WA WI WV WY X X CATHERINE STEWART 7035225070 1310 NORTH COURTHOUSE RD 110 ARLINGTON VA 22201 BRETT JENKS CEO 40.00 X X 561075 0 115798 BRUCE BOYD CO-CHAIR 3.50 X X 0 0 0 LIZANNE GALBREATH CO-CHAIR 3.50 X X 0 0 0 DOROTHY BATTEN VICE CHAIR 3.50 X X 0 0 0 RANDY BROWN TREASURER 3.50 X X 0 0 0 SARAH STEIN GREENBERG SECRETARY 3.50 X X 0 0 0 SCOTT AMERO TRUSTEE 2.50 X 0 0 0 GUILHERME AZEVEDO TRUSTEE 2.50 X 0 0 0 AMY MARGERUM BERG TRUSTEE 2.50 X 0 0 0 LINCOLN BROWN TRUSTEE 2.50 X 0 0 0 STEVE GAINES TRUSTEE 2.50 X 0 0 0 JOHN MARSHALL TRUSTEE 2.50 X 0 0 0 CARLOS ALVARADO QUESADA TRUSTEE 2.50 X 0 0 0 KAREN TOLIVER TRUSTEE 2.50 X 0 0 0 ELKE WEBER TRUSTEE 2.50 X 0 0 0 NANCY E DEMPZE TRUSTEE 2.50 X 0 0 0 JAMIE STAUGLER TRUSTEE 2.50 X 0 0 0 HEATHER MCTEER TONEY TRUSTEE 2.50 X 0 0 0 MEHRDAD BAGHAI TRUSTEE 2.50 X 0 0 0 KATHY BAIRD TRUSTEE 2.50 X 0 0 0 ALICE FARMER TRUSTEE 2.50 X 0 0 0 AVI GARBOW TRUSTEE 2.50 X 0 0 0 CALEB MCCLENNEN PRESIDENT 40.00 X 396888 0 27817 NIELS CRONE CHIEF OPERATING OFFICER 40.00 X 327954 0 79288 BRANDON SCHAUER SR. VICE PRESIDENT 40.00 X 270115 0 29870 CARYN PERRELLI SR. VICE PRESIDENT 40.00 X 279452 0 48442 ANNA T BARTLETT VICE PRESIDENT (THRU 6/30/24) 40.00 X 279105 0 54826 KEVIN GREEN VICE PRESIDENT 40.00 X 204078 0 49828 RAQUEL TIRONA MANAGING DIRECTOR 40.00 X 178086 0 0 ANDREW SIMPSON VICE PRESIDENT 40.00 X 230928 0 44593 BARBARA BETTS VICE PRESIDENT 40.00 X 242772 0 27980 ESTEBAN CHAVARRIA VICE PRESIDENT 40.00 X 213041 0 49544 RENEE CARSTENSEN VICE PRESIDENT 40.00 X 222783 0 37059 TRACY NUGENT VICE PRESIDENT 40.00 X 220275 0 39880 KAREN ZIFFER FORMER CHIEF DEV OFF (THRU 7/7/23) 0.00 X 389366 0 46331 4015918 0 651256 52 1 1 0 DELIBERATE CAPITAL 819 QUINCY ST ARLINGTON VA 22204 MGMT SVCS FOR MELOY FUND LP 705037 KITO GLOBAL 32 MADISON STREET NEWBURYPORT MA 01950 CARBON OFFSET PROGRAM 427500 BDO USA 8401 GREENSBORO DRIVE MCCLEAN VA 22102 INTERNAL CONTROLS ASSESSMENT 407763 ELEVATE COMMUNICATIONS 137 NEWBURY STREET BOSTON VA 02116 PR, MARKETING & COMMUNICATIONS 335529 ISAACSON MILLER INC 1800 K ST NW WASHINGTON VA 20006 EXECUTIVE SEARCH FIRM 181334 6 1759371 30608125 571098 32367496 PROGRAM SERVICES 900099 510070 510070 510070 493916 493916 279787 645857 -366070 -366070 -366070 3526441 3394852 131589 131589 131589 MANAGEMENT FEE REVENUE 541610 419900 419900 419900 33556901 510070 419900 259435 X 370755 370755 1138194 1138194 2503955 1603413 540152 360390 13975752 11271752 1102646 1601354 1103991 841491 108191 154309 3996208 3254607 391628 349973 1456994 1213201 124735 119058 705037 705037 220176 220176 272458 272458 10277 10277 4826630 4480019 146333 200278 112923 112923 399272 291469 67876 39927 1191500 731322 304656 155522 1389570 1018413 230607 140550 1874219 1599525 158575 116119 1330971 1330971 4116 4116 11055 11055 62182 17223 44959 PERMITS, LICENSES & TAX 96660 3772 89082 3806 PROFESSIONAL DEVELOP. 85607 54844 16514 14249 BANK FEES 16870 16870 37155372 30259107 3640730 3255535 6195190 2610937 3601555 4630934 17066744 13808483 641524 591839 1117828 1115784 13114 2044 9023202 10278564 3986268 3166325 40527597 35089126 4066535 3825354 5027335 3818759 4407165 3415039 13501035 11059152 X 10300594 11004268 16725968 13025706 27026562 24029974 40527597 35089126 -3598471 601863 20 0 X 0 1 X 1 1 1 X 21067563 36301044 23935744 28724191 33165158 143193700 21067563 36301044 23935744 28724191 33165158 143193700 47578389 95615311 422309 309921 404457 556136 773702 2466525 415559 79698 7303 1021204 1523764 147183989 3394829 0.64960 0.66140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 415,559. 2020 AMOUNT: $ 79,698. 2021 AMOUNT: $ 7,303. 2022 AMOUNT: $ 1,021,204. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 37155372 37155372 1000000 250000 0 0 1000000 1000000 1500000 250000 250000 375000 258515 258515 0 445973 445973 0 413340 411296 2044 2044 DEFERRED COMPENSATION ASSET 1664962 ACCRUED INTEREST RECEIVABLE 29121 RIGHT OF USE ASSET 1447740 RELATED PARTY RECEIVABLE 24502 3166325 DEFERRED COMPENSATION LIABILITY 1664962 LEASE LIABILITIES 1750077 3415039 X 38731029 601863 90168 3846517 4538548 34192481 10277 -645857 -635580 33556901 38738975 90168 1503712 1593880 37145095 10277 10277 37155372 PART X, LINE 2: RARE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). RARE IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES UNDER SECTION 511 OF THE IRC; HOWEVER, IN THE OPINION OF MANAGEMENT, NO PROVISION FOR INCOME TAXES IS REQUIRED TO BE MADE. RARE FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, RARE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. AS OF SEPTEMBER 30, 2024, RARE HAD NO CUMULATIVE UNRELATED BUSINESS TAXABLE LOSS. MANAGEMENT EVALUATED RARE'S TAX POSITIONS AND CONCLUDED THAT RARE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, RARE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: PORTFOLIO INTEREST MELOY FUND I LP INCLUDED IN CONSOL. FINANCIAL STATEMENT 777,309. CHANGE IN UNREALIZED LOSS ON PRIVATELY HELD SECURITIES 1,412,941. REALIZED LOSS ON PRIVATELY HELD SECURITIES -86,689. CONTRIBUTIONS BY LIMITED PARTNERS 2,162,856. ELIMINATION ENTRY INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -419,900. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED IN PART VIII -645,857. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF MELOY FUND I LP INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 1,277,755. ELIMINATION ENTRY INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -419,900. RENTAL EXPENSES INCLUDED IN PART VIII 645,857. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 9 FUNDRAISING 633820 SUB-SAHARAN AFRICA 1 16 GRANTS TO RECIPIENTS LOCATED IN REGION 586800 SOUTH AMERICA 2 31 GRANTS TO RECIPIENTS LOCATED IN REGION 56771 EAST ASIA AND THE PACIFIC 3 75 GRANTS TO RECIPIENTS LOCATED IN REGION 393015 CENTRAL AMERICA AND THE CARIBBEAN 1 16 GRANTS TO RECIPIENTS LOCATED IN REGION 101608 NORTH AMERICA 1 3 PROGRAM SERVICES GLOBAL ADMINISTRATION 162902 EUROPE (INCLUDING ICELAND & GREENLAND) 1 9 PROGRAM SERVICES IDENTIFYING AND PROMOTING INDIVIDUAL BEHAVIORS PEOPLE CAN ADOPT FOR BIODIVERSITY, FOOD SAFETY AND SUSTAINABLE RESOURCE MANAGEMENT. 368520 SOUTH AMERICA 2 31 PROGRAM SERVICES COASTAL FISHERIES MANAGEMENT. SOIL AND WATER QUALITY. 2792542 SUB-SAHARAN AFRICA 1 16 PROGRAM SERVICES COMMUNITY BASED FISHERIES MANAGEMENT TO IMPROVE THE HEALTH OF THE OCEAN ECOSYSTEM. 2223765 EAST ASIA AND THE PACIFIC 3 75 PROGRAM SERVICES IMPROVING SOIL HEALTH AND WATER QUALITY. IMPROVING NEAR SHORE FISHERIES MANAGEMENT. 7598005 CENTRAL AMERICA AND THE CARIBBEAN 1 16 PROGRAM SERVICES PROGRAM SERVICES TO EMPOWER FISHERIES COMMUNITIES IN THE REGION TO ADAPT SUSTAINABLE METHODS. 1311183 12 190 5 107 17 297 5095978 11132953 16228931 SOUTH AMERICA SUPPORT THE CONDUCT OF MEETINGS/ASSEMBLIES TO INCREASINGLY STRENGTHEN THE MARINE AND COASTAL EXTRACTIVE RESERVES OF PARA, BRAZIL. 5036 WIRE TRANSFER 0 SOUTH AMERICA STRENGTHENING EXTRACTIVE RESERVES AND TRADITIONAL COASTAL AND MARINE EXTRACTIVE PEOPLES (CONFREM BRASIL), INTENDED TO COVER EXPENSES IN STRENGTHENING ACTIVITIES IN MARANHAO. 10848 WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN SOLUTION SEARCH: JUDGES' CHOICE WINNER. 10000 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC BEHAVIOR CAMPAIGNS ALL ROUNDS - COMMUNITY ENGAGEMENT PHASES 1 AND 2. 19877 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT THE CONDUCT OF THE BASELINE ECOLOGICAL ASSESSMENTS, GENETICS, AND EDNA COLLECTION AND ANALYSIS IN SELECTED RARE SITES IN EASTERN SAMAR AND SOUTHERN LEYTE, AND ALSO SUPPORT CAPACITY-BUILDING AND LEARNING EXCHANGE ACROSS VARIOUS FACETS OF THE PROJECT. 95438 WIRE TRANSFER 0 SUB-SAHARAN AFRICA COASTAL LIFELINE - A PROVINCIAL APPROACH TO THE EMPOWERMENT OF FISHER-FARMER COMMUNITIES TO ADOPT NATURE-BASED SOLUTIONS IN MOZAMBIQUE. 586800 WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN SCALING OF COMMUNITY-BASED FISHERIES MANAGEMENT IN HONDURAS THROUGH FISH FOREVER. 50000 WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN HONDURAS SEAGRASS AND MANGROVE RESTORATION DIAGNOSIS. 5417 WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN THRIVING COAST - EMPOWERING COASTAL FISHER-FARMER COMMUNITIES TO PROTECT BIODIVERSITY AND BUILD PROSPERITY IN HONDURAS. 17040 WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN HONDURAS VALUE CHAIN AND MARKET STUDY. 10151 WIRE TRANSFER 0 SOUTH AMERICA SOLUTION SEARCH: PEOPLE'S CHOICE WINNER. 10000 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT THE SUBGRANTEE'S ROLE AS LEAD CONVENOR AND ARCHITECT OF THE FIRST PHASE OF THE PROJECT "UNLOCKING BLUE PACIFIC PROSPERITY: NAVIGATING THE VOYAGE FROM CONCEPT TO DESIGN". 142250 WIRE TRANSFER 0 8 4 0 0 1 0 0 0 PART I, LINE 2: THE PROCESS FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES INVOLVES SITE VISITS, FREQUENT CORRESPONDENCE WITH GRANTEE, MONTHLY FINANCIAL AND NARRATIVE PROGRESS REPORTS THAT SUPPORTS THE CONTRACT AGREEMENT, AND EXAMINATION OF INVOICES AND EXPENSE RECEIPTS. PART I, LINE 3: THE ORGANIZATION USES GAAP TO REPORT EXPENDITURES IN FOREIGN REGIONS. 1 NORTHEASTERN UNIVERSITY RESEARCH ACCOUNTING 177 HUNTINGTON AVENUE BOSTON MA 02115 041679980 501(C)(3) 34256 0 INSIGHTS TO IMPACT AWARD THE NATURE CONSERVANCY 4245 NORTH FAIRFAX DRIVE SUITE 100 ARLINGTON VA 22203 530242652 501(C)(3) 51872 0 ADOPTING NEW TECHNOLOGY, MINDSETS, AND PRACTICES TO TRANSFORM COLOMBIA'S AGRICULTURAL SECTOR. WILDAID INC 33 PINE STREET SAN FRANCISCO CA 94104 203644441 501(C)(3) 202500 0 COMPREHENSIVE ASSESSMENT AND DEVELOPMENT OF A MARINE PROTECTION SYSTEM PLAN TO STRENGTHEN MCS OF FISHERIES AND MARINE CONSERVATION, INCLUDING STAKEHOLDER MEETINGS FOR CREATION OF ANNUAL PROJECT PLANS TO PRIORITIZE RECOMMENDED ACTIONS. ACCION INTERNATIONAL 1101 15 STREET NW SUITE 400 WASHINGTON DC 20001 132535763 501(C)(3) 80000 0 SUPPORT THE CONDUCT OF PARTICIPATORY RESEARCH TO ANALYSE THE LINK BETWEEN FINANCIAL INCLUSION AND ENHANCE COMMUNITY RESILIENCE AND SUCCESS RATES OF ECOSYSTEM-BASED ADAPTATION (EBA) APPROACHES 4 0 PART I, LINE 2: THE PROCESS FOR MONITORING THE USE OF GRANT FUNDS INSIDE OF THE UNITED STATES INCLUDES SITE VISITS, FREQUENT CORRESPONDENCE WITH GRANTEES, EXAMINATION OF EXPENDITURES, PERIODIC FINANCIAL AND NARRATIVE PROGRESS REPORTS THAT SUPPORTS THE CONTRACT AGREEMENT. 1 X X X X 1 1 0 0 0 0 0 0 0 BRETT JENKS CEO 435422 0 57658 0 67995 0 80073 0 35725 0 676873 0 0 0 KAREN ZIFFER FORMER CHIEF DEV OFF (THRU 7/7/23) 150838 0 0 0 238528 0 39842 0 6489 0 435697 0 0 0 CALEB MCCLENNEN PRESIDENT 354805 0 41273 0 810 0 24731 0 3086 0 424705 0 0 0 NIELS CRONE CHIEF OPERATING OFFICER 287016 0 34080 0 6858 0 46433 0 32855 0 407242 0 0 0 ANNA T BARTLETT VICE PRESIDENT (THRU 6/30/24) 249025 0 29582 0 498 0 14873 0 39953 0 333931 0 0 0 CARYN PERRELLI SR. VICE PRESIDENT 244388 0 31500 0 3564 0 15805 0 32637 0 327894 0 0 0 BRANDON SCHAUER SR. VICE PRESIDENT 243043 0 25830 0 1242 0 17645 0 12225 0 299985 0 0 0 ANDREW SIMPSON VICE PRESIDENT 206929 0 22962 0 1037 0 14962 0 29631 0 275521 0 0 0 BARBARA BETTS VICE PRESIDENT 216006 0 25701 0 1065 0 11997 0 15983 0 270752 0 0 0 ESTEBAN CHAVARRIA VICE PRESIDENT 190507 0 21910 0 624 0 13955 0 35589 0 262585 0 0 0 TRACY NUGENT VICE PRESIDENT 193394 0 25920 0 961 0 13991 0 25889 0 260155 0 0 0 RENEE CARSTENSEN VICE PRESIDENT 196657 0 25704 0 422 0 13062 0 23997 0 259842 0 0 0 KEVIN GREEN VICE PRESIDENT 180037 0 23688 0 353 0 13293 0 36535 0 253906 0 0 0 RAQUEL TIRONA MANAGING DIRECTOR 178086 0 0 0 0 0 0 0 0 0 178086 0 0 0 PART I, LINES 4A-B LINE 4A THE FORMER CHIEF DEVELOPMENT OFFICER RECEIVED A SEVERANCE PAYMENT DURING THE CALENDAR YEAR IN THE AMOUNT OF $75,750. THE PAYMENT IS INCLUDED IN PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN BIII. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. LINE 4B IN 2011, UPON BOARD APPROVAL, RARE ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION PLAN, A 457(F) PLAN FOR CERTAIN KEY EMPLOYEES. FOR THE YEAR ENDING DECEMBER 31, 2023, THE PLAN MADE CONTRIBUTIONS AS FOLLOWS: BRETT JENKS - $49,500 KAREN ZIFFER - $28,829 NIELS CRONE - $25,920 THIS AMOUNT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C), RETIREMENT AND OTHER DEFERRED COMPENSATION AMOUNTS. PART I, LINE 7 THE EMPLOYEE COMPENSATION STRUCTURE INCLUDES AN ANNUAL BONUS AMOUNT THAT IS BASED ON ANNUAL INDIVIDUAL PERFORMACE GOALS AND ORGANIZATIONAL GOALS. X 10 571098 HIGH AND LOW AVERAGE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTORS. PART I, LINE 33: RARE RECEIVED SHARES IN A START UP COMPANY THAT WERE VALUED AT $0. FORM 990, PART I, LINE 1 RARE IS THE LEADING BEHAVIOR CHANGE ORGANIZATION IN CONSERVATION AND SUSTAINABLE DEVELOPMENT. IN OUR MORE THAN FOUR DECADES OF WORK, RARE HAS LAUNCHED OVER 450 BEHAVIOR CHANGE CAMPAIGNS (KNOWN AS "PRIDE") IN MORE THAN 60 COUNTRIES, INSPIRING LOCAL COMMUNITIES TO ADOPT MORE SUSTAINABLE FISHING HABITS, END DEFORESTATION, PRESERVE HABITAT, AND SAVE SPECIES. PRIDE INCREASES AND ACCELERATES THE ADOPTION OF CONSERVATION SOLUTIONS - AND THE CHANGE LASTS. RARE'S PEOPLE-CENTERED, PARTICIPATORY APPROACH TO CONSERVATION EMPOWERS LOCAL LEADERS AND ELEVATES THE ROLE OF FISHERS, FARMERS, AND OTHER PEOPLE WHO DEPEND ON NATURE IN LOCAL DECISION-MAKING AND GOVERNANCE. THIS COMMUNITY-LED APPROACH IS BUOYED BY PARTNERSHIPS WITH OFFICIALS AT ALL LEVELS OF GOVERNMENT FROM MAYORS TO MINISTERS AND WITH PUBLIC AND PRIVATE INSTITUTIONS, UNIVERSITIES AND OTHER ORGANIZATIONS CAPABLE OF REMOVING BARRIERS AND PAVING THE WAY FOR ENDURING SOLUTIONS. FORM 990, PART I, LINE 5: PART I, LINE 5 ONLY REFLECTS THE NUMBER OF EMPLOYEES RECEIVING FORM W-2 125. THE TOTAL NUMBER OF WORLDWIDE EMPLOYEES IS 232. FORM 990, PART III, LINE 1: RARE IS A GLOBAL LEADER IN DRIVING SOCIAL CHANGE TO PROTECT THE ENVIRONMENT. WE HAVE HELPED THOUSANDS OF PEOPLE ACROSS HUNDREDS OF COMMUNITIES IN OVER 60 COUNTRIES SHIFT THEIR BEHAVIORS AND PRACTICES TO PROTECT THE NATURE THAT SUSTAINS THEIR LIVES, LIVELIHOODS AND PLATFORMS WITH THE SOCIAL FOLLOWING TO SHIFT NORMS EFFECTIVELY. RARE IS THE LEADING BEHAVIOR CHANGE ORGANIZATION IN CONSERVATION AND SUSTAINABLE DEVELOPMENT. IN OUR MORE THAN FOUR DECADES OF WORK, RARE HAS LAUNCHED OVER 450 BEHAVIOR CHANGE CAMPAIGNS (KNOWN AS "PRIDE") IN MORE THAN 60 COUNTRIES, INSPIRING LOCAL COMMUNITIES TO ADOPT MORE SUSTAINABLE FISHING HABITS, END DEFORESTATION, PRESERVE HABITAT, AND SAVE SPECIES. PRIDE INCREASES AND ACCELERATES THE ADOPTION OF CONSERVATION SOLUTIONS - AND THE CHANGE LASTS. RARE'S PEOPLE-CENTERED, PARTICIPATORY APPROACH TO CONSERVATION EMPOWERS LOCAL LEADERS AND ELEVATES THE ROLE OF FISHERS, FARMERS, AND OTHER PEOPLE WHO DEPEND ON NATURE IN LOCAL DECISION-MAKING AND GOVERNANCE. THIS COMMUNITY-LED APPROACH IS BUOYED BY PARTNERSHIPS WITH OFFICIALS AT ALL LEVELS OF GOVERNMENT FROM MAYORS TO MINISTERS AND WITH PUBLIC AND PRIVATE INSTITUTIONS, UNIVERSITIES AND OTHER ORGANIZATIONS CAPABLE OF REMOVING BARRIERS AND PAVING THE WAY FOR ENDURING SOLUTIONS. RARE INSPIRES CHANGE SO PEOPLE AND NATURE THRIVE. USING INSIGHTS FROM BEHAVIORAL AND SOCIAL SCIENCE AND DESIGN THINKING, WE EMPOWER SHIFTS IN INDIVIDUAL AND COMMUNITY BEHAVIOR THAT BENEFIT PEOPLE AND NATURE AND ENSURE THAT CHANGE LASTS. AND WE TRAIN LOCAL LEADERS TO LEAD CHANGE, LEAVING A LEGACY OF INCREASED CAPACITY AND A SENSE OF OWNERSHIP, RESPONSIBILITY, AND PRIDE IN THE PROTECTION OF OUR SHARED ENVIRONMENT. TODAY, WE ARE MERGING DECADES OF EXPERIENCE FROM THE FRONTLINES OF CONSERVATION, STRONG GLOBAL PARTNERSHIPS, AND OUR EXPERTISE IN TRANSLATING BEHAVIORAL RESEARCH INTO ACTION TO BUILD THE SOCIAL, ECOLOGICAL AND POLITICAL NETWORKS TO SCALE OUR IMPACT ACROSS REGIONS, NATIONS, AND THE WORLD. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED TO REFLECT A NEW POSITION CREATED FOR THE COMPANY PRESIDENT. THIS POSITION WAS SPLIT FROM THE CEO AND WAS GIVEN CERTAIN AUTHORITY FOR GOVERNANCE THAT IS OUTLINED IN THE UPDATED BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FORM 990. ALL BOARD MEMBERS ARE GIVEN A COPY OF THE FORM 990 BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UPON JOINING, STAFF AND BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT INDICATING THE CAPACITY IN WHICH YOU ARE SERVING THE ORGANIZATION, ANY AFFILIATIONS WITH RARE'S BUSINESS PARTNERS, OR ANY BENEFIT GAINED THROUGH A RARE BUSINESS TRANSACTION. DETAILED INFORMATION ON ANY SUCH POTENTIAL CONFLICT MUST BE FULLY DISCLOSED ON THE FORM. ANNUALLY, STAFF AND BOARD MEMBERS ARE REQUIRED TO PROVIDE ANY UPDATES. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, RARE STAFF COMPILES MARKET COMPENSATION DATA FROM COMPENSATION SURVEYS. RARE HIRES AN EXTERNAL COMPENSATION FIRM TO REVIEW THE COMPENSATION OF THOSE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE WITH RESPECT TO RARE'S BUSINESS AFFAIRS. THE EXTERNAL COMPENSATION FIRM PROVIDES THE CEO, THE CHAIRPERSON OF THE BOARD AND THE FINANCE AND HR BOARD COMMITTEE WITH A REPORT THAT PROVIDES MARKET INFORMATION FOR EACH ROLE. THE FIRM ALSO PROVIDES AN OPINION ON THE REASONABLENESS OF THE CEO'S COMPENSATION. THE BOARD CHAIRPERSON AND THE FINANCE AND HR BOARD COMMITTEE MEETS WITH THE EXTERNAL COMPENSATION FIRM AND REVIEWS THE REPORT, INFORMATION, AND ANALYSIS. THE CEO REVIEWS THE COMPENSATION ADJUSTMENTS RECOMMENDED WITH THE FINANCE AND HR COMMITTEE. THE BOARD CHAIRPERSON AND THE FINANCE AND HR COMMITTEE DETERMINES A COMPENSATION ADJUSTMENT FOR THE CEO, BASED ON THE INFORMATION PROVIDED BY THE OUTSIDE FIRM, AS WELL AS THE CEO AND RARE'S BUSINESS PERFORMANCE FOR THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 RARE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 4,480,019. MANAGEMENT AND GENERAL EXPENSES 146,333. FUNDRAISING EXPENSES 200,278. TOTAL EXPENSES 4,826,630. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. FORM 990, PAGE 1, BOX B, AMENDED RETURN: AN AMENDED FORM 990 IS BEING FILED TO BREAK OUT GOVERNMENT CONTRIBUTIONS THAT WERE INADVERTENTLY MISSED WITH THE ORGINAL RETURN THAT WAS FILED. THE FOLLOWING AMENDMENTS WERE MADE TO THIS RETURN: PART VIII, LINE 1E WAS UPDATED. PART VIII, LINE 1F WAS UPDATED. SCHEDULE B, PART I WAS UPDATED. 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