| FORM 990, PART I - ADDITIONAL INFORMATION: |
TO BETTER SERVE ALL COMMUNITIES THAT ARE FACING ENVIRONMENTAL THREATS IN THE STATES WHERE WE WORK, SELC IS MAKING CHANGES TO REFLECT GREATER RACIAL AND CULTURAL DIVERSITY AND EMBED EQUITY AND INCLUSIVENESS THROUGHOUT OUR ORGANIZATION AND THE WORK WE DO, INCLUDING AMONG OUR BOARD, LEADERS, STAFF, CLIENTS, AND PARTNERS. THE ORGANIZATION IN 2019 FORMED A STEERING COMMITTEE TO FOCUS AND ACCELERATE THESE EFFORTS |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS. THE FORM 990 WAS DISTRIBUTED TO ALL BOARD MEMBERS BEFORE FILING. THE BOARD AUDIT COMMITTEE MET AND DISCUSSED THE DOCUMENT WITH INDEPENDENT AUDITORS, EXECUTIVE DIRECTOR, DIRECTOR OF FINANCE, ASSISTANT DIRECTOR OF FINANCE AND GENERAL COUNSEL. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE CONFLICT OF INTEREST POLICY IS A SECTION OF SELC'S CODE OF ETHICS INCLUDED IN THE EMPLOYEE'S POLICIES, AND IS PROVIDED TO EVERY EMPLOYEE AS PART OF THEIR ORIENTATION AND IS AVAILABLE ON THE COMPANY INTRANET. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL TRUSTEES ANNUALLY AND ANY POTENTIAL CONFLICTS OF INTEREST ARE TO BE IMMEDIATELY DISCLOSED TO THE AUDIT COMMITTEE. THE BOARD SECRETARY NOTIFIES ALL INVOLVED AS SOON AS A CONFLICT OF INTEREST IS DISCLOSED AND THE TRUSTEE OR STAFF MEMBERS IS EXCUSED FROM FURTHER ORAL, WRITTEN OR ELECTRONIC COMMUNICATIONS SPECIFIC TO THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE MET APRIL 1, 2023 IN THE ABSENCE OF THE EXECUTIVE DIRECTOR TO DISCUSS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND TO DETERMINE COMPENSATION AND BENEFITS USING COMPARATIVE DATA FROM OTHER ORGANIZATIONS' FORM 990 AND SALARY SURVEYS. THE COMMITTEE CHAIR COMMUNICATED THE DECISIONS MADE BY THE COMMITTEE TO THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE IN A SIGNED MEMO. THE FULL EXECUTIVE COMMITTEE MET MARCH 23, 2023 TOGETHER WITH THE EXECUTIVE DIRECTOR, IN THE ABSENCE OF THE STAFF MANAGEMENT COMMITTEE TO DISCUSS THEIR PERFORMANCES, AND TO DETERMINE COMPENSATION USING COMPARATIVE DATA FROM OTHER ORGANIZATIONS FORM 990 AND SALARY SURVEYS. THE EXECUTIVE DIRECTOR COMMUNICATED THOSE DECISION MADE BY THE COMMITTEE TO THE DIRECTOR OF FINANCE. |
| 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. |
| FORM 990, PART VIII, LINE 2A: |
REVENUE FROM ATTORNEY FEES IS RECOGNIZED WHEN THE COURT HAS APPROVED PAYMENT AND THE OPPOSING SIDE TO THE CASE HAS NO FURTHER AVENUES OF APPEAL, OR WHEN A SETTLEMENT BECOMES ENFORCEABLE. THE ORGANIZATION SOUGHT AND RECOVERED ATTORNEYS' FEES FROM APRIL 1, 2022 TO MARCH 31, 2023, IN ONLY TWO CASES: BLACK WARRIOR RIVERKEEPER V. DRUMMOND COMPANY (U.S. NDC SD OF ALABAMA): $2,007,000.54 CITY OF STONECREST, GEORGIA AND CITIZENS FOR A HEALTHY AND SAFE ENVIRONMENT V. METRO GREEN RECYCLING THREE (U.S. SC OF DEKALB COUNTY, GEORGIA): $27,875 THE TOTAL ATTORNEYS' FEES RECOVERED WAS $2,034,876. |
| FORM 990, PART VIII, LINE 7: |
IN KEEPING WITH THE SELC MISSION AND SOUND INVESTMENT PRACTICES, THE INVESTMENT COMMITTEE WILL MAXIMIZE THE INVESTMENT OF THE EQUITY PORTION OF SELC'S INVESTMENT PORTFOLIO IN ENVIRONMENTAL, SOCIAL AND GOVERNANCE FUNDS. IN DOING SO, THE SALE AND TRANSFER OF THE INVESTMENTS RESULTED IN A REALIZED GAIN OF $2,664,457 REPORTED ON PAGE 9, PART VIII, LINE 7C. HOWEVER, THIS REALIZED GAIN WAS OFFSET BY THE UNREALIZED LOSSES OF $16,958,715 AS REPORTED ON SCHEDULE D, PAGE 4, PART XI, LINE 2A. THE ORGANIZATION'S NET REALIZED AND UNREALIZED GAINS/LOSSES DURING THE FISCAL YEAR WERE $(14,294,258). |
Attach to Form 990 or 990-EZ.