2024-11-07T13:06:55-06:00 2023-12-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2023-01-01 237327730 THE HERITAGE FOUNDATION HERI 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 KEVIN D ROBERTS PRESIDENT 2025464400 2024-11-15 1 1 KELLI PECK P01423033 3217516200 2024-11-05 2023 2024-10-15 13:58:12Z KEVIN D ROBERTS 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 146159365 0 X WWW.HERITAGE.ORG X 1973 DC TO FORMULATE AND PROMOTE CONSERVATIVE PUBLIC POLICIES BASED ON THE PRINCIPLES OF FREE ENTERPRISE, LIMITED GOVERNMENT, INDIVIDUAL FREEDOM, TRADITIONAL AMERICAN VALUES, AND A STRONG NATIONAL DEFENSE. 17 16 517 10 0 0 95083025 97801739 33862 83247 9482864 2593654 1729773 484710 106329524 100963350 1676750 1660000 0 0 44116435 49494451 2385370 2174817 16645037 45489561 54409909 93668116 107739177 12661408 -6775827 387665165 415053399 55677294 67369575 331987871 347683824 X TO FORMULATE AND PROMOTE CONSERVATIVE PUBLIC POLICIES BASED ON THE PRINCIPLES OF FREE ENTERPRISE, LIMITED GOVERNMENT, INDIVIDUAL FREEDOM, TRADITIONAL AMERICAN VALUES, AND A STRONG NATIONAL DEFENSE. 0 0 38786751 55000 PUBLIC POLICY RESEARCH:THE HERITAGE FOUNDATION (THE "FOUNDATION") PRODUCES RESEARCH PAPERS ANNUALLY, INCLUDING ISSUE BRIEFS, BLOG POSTS, FACT SHEETS, BACKGROUNDERS, GUIDES, AND BOOKS ADDRESSING A BROAD RANGE OF ECONOMIC, DOMESTIC, FOREIGN, NATIONAL SECURITY, AND LEGAL POLICY ISSUES. THE FOUNDATION PUBLISHED 35 ISSUE BRIEFS, 59 BACKGROUNDERS, 25 LEGAL MEMORANDA, 16 FACTSHEETS AND 12 SPECIAL REPORTS. THE FOUNDATION ALSO REGULARLY PUBLISHES CONTENT ACROSS SOCIAL MEDIA PLATFORMS AS THE PUBLIC HAS SHIFTED ITS CONTENT AND CONSUMPTION TO THOSE CHANNELS.DURING 2023, THE FOUNDATION RELEASED ITS ANNUAL INDEX OF U.S. MILITARY STRENGTH THAT MEASURES THE U.S. MILITARY'S ABILITY TO PERFORM ITS MISSIONS IN TODAY'S WORLD AS WELL AS ITS INDEX OF ECONOMIC FREEDOM MEASURING THE IMPACT OF LIBERTY AND FREE MARKETS AROUND THE GLOBE, WHILE CONFIRMING THE FORMIDABLE POSITIVE RELATIONSHIP BETWEEN ECONOMIC FREEDOM AND PROGRESS.ALSO RELEASED IN 2023 WAS THE FOUNDATION'S ELECTION INTEGRITY SCORECARD THAT IS INTENDED TO HELP ENSURE THAT THE DEFECTS IN OUR ELECTION PROCESS ARE FIXED SO THAT ALL AMERICANS CAN HAVE CONFIDENCE IN THE FAIRNESS OF ELECTIONS BY COMPARING THE ELECTION LAWS AND REGULATIONS OF EACH STATE THAT AFFECT THE SECURITY AND INTEGRITY OF THE PROCESS TO THE FOUNDATION'S BEST PRACTICES. THE FOUNDATION'S EDUCATION FREEDOM REPORT CARD MEASURES FOUR CATEGORIES (EDUCATION CHOICE, TEACHER FREEDOM, TRANSPARENCY, AND RETURN ON INVESTMENT) THAT ENCOMPASS MORE THAN TWO DOZEN DISCRETE FACTORS TO INFORM PARENTS AND POLICYMAKERS OF WHAT THEIR STATES DO WELL AND WHERE THEY NEED IMPROVEMENT.THE FOUNDATION'S PROJECT 2025 PRESIDENTIAL TRANSITION PROJECT PUBLISHED THE NINTH EDITION OF "THE MANDATE FOR LEADERSHIP: THE CONSERVATIVE PROMISE" IN 2023, A COMPREHENSIVE POLICY GUIDE FOR THE NEXT CONSERVATIVE U.S. PRESIDENT.THE MANDATE FOR LEADERSHIP SERIES DATES BACK TO THE EARLY 1980'S. THESE PUBLICATIONS ALL ANALYZE CURRENT PUBLIC POLICIES AND ALTERNATIVE POLICY RECOMMENDATIONS FOR SUBSTANCE AND MERIT. THE RESULTS OF OUR RESEARCH ARE AVAILABLE IN PRINT FORMAT AND AT NO CHARGE THROUGH OUR WEBSITE AND SOCIAL MEDIA CHANNELS, WHICH IS VIEWED BY MILLIONS.ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2023 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 35372553 1545000 83247 EDUCATIONAL PROGRAMS AND COMMUNICATIONS:THE FOUNDATION HOSTS EVENTS AND SPONSORS PROGRAMS TO EDUCATE POLICYMAKERS, GOVERNMENT OFFICIALS, THE ACADEMIC COMMUNITY, JOURNALISTS, AND THE GENERAL PUBLIC ON TOPICS RANGING FROM THE CONSTITUTION AND CIVIL SOCIETY TO POLITICAL PHILOSOPHY AND LEGAL JURISPRUDENCE.IN 2023, THE FOUNDATION CELEBRATED ITS 50TH ANNIVERSARY BY HOLDING A CELEBRATION THAT CONVENED OVER 2,000 CONSERVATIVE MOVEMENT LEADERS, DONORS, POLICYMAKERS, JOURNALISTS, STAFF, AND STAFF ALUMNI FOR THREE DAYS OF POLICY-BASED PROGRAMMING, NETWORKING, AND ENTERTAINMENT TO MARK 50 YEARS OF LEADERSHIP IN THE CONSERVATIVE MOVEMENT.IN ADDITION, THE FOUNDATION'S EVENTS & DIGITAL TEAMS PRODUCED OVER 100 LIVE AND VIRTUAL PUBLIC EVENTS, ATTRACTING MORE THAN 47,000 VIRTUAL AND IN-PERSON ATTENDEES. POST-EVENT IMPRESSIONS, INCLUDING PODCAST LISTENS AND YOUTUBE VIEWS, TOTALED OVER 19 MILLION. SPEAKERS INCLUDED CURRENT AND FORMER GOVERNMENT OFFICIALS. OVER 235 INDIVIDUALS, IN AND OUTSIDE THE ORGANIZATION, SPOKE AT OUR PUBLIC EVENTS. ALL EVENTS WERE STREAMED VIRTUALLY AND HAD AN IN-PERSON AUDIENCE.THE FOUNDATION'S INTERN PROGRAM HOSTED A TOTAL OF 158 INTERNS IN A FULLY IMMERSIVE EDUCATIONAL AND WORK-STUDY EXPERIENCE. 287 YOUNG PROFESSIONALS PARTICIPATED IN THE FOUNDATION'S ONLINE EDUCATIONAL SERIES, THE HERITAGE ACADEMY. THE FOUNDATION'S GOVERNMENT RELATIONS HOSTED 139 POLICY BRIEFING EVENTS IN 2023 WITH PARTICIPATION FROM MULTIPLE CONGRESSIONAL OFFICES. PARTICIPANTS INCLUDED MEMBERS OF CONGRESS, LEGISLATIVE STAFFERS, COMMUNICATIONS DIRECTORS, AND CHIEFS OF STAFF. 13535627 60000 MEDIA. GOVERNMENT RELATIONS, AND OUTREACH:THE FOUNDATION DISTRIBUTES ITS RESEARCH PRODUCTS TO MEMBERS OF CONGRESS, CONGRESSIONAL STAFF, POLICYMAKERS IN THE EXECUTIVE BRANCH OF THE FEDERAL GOVERNMENT, STATE OFFICIALS, JOURNALISTS, MEMBERS OF THE ACADEMIC COMMUNITY, OTHER NON-PROFIT ORGANIZATIONS, THE GENERAL PUBLIC, AND DONORS. THE FOUNDATION CONDUCTS HUNDREDS OF BRIEFINGS FOR DOMESTIC AND INTERNATIONAL OFFICIALS, POLICYMAKERS, EXPERTS, AND LAWMAKERS AND THEIR STAFF ON ISSUES RANGING FROM FEDERAL SPENDING AND UNFUNDED LIABILITIES TO HOMELAND SECURITY, TAX, AND HEALTH POLICY. THE FOUNDATION DELIVERED 25 CONGRESSIONAL TESTIMONIES AND 9 STATE LEGISLATIVE TESTIMONIES. THE FOUNDATION'S OUTREACH EFFORTS INCLUDE INVESTING IN NEARLY 60 ALLIES, SUPPORTING OVER 100 EVENTS ACROSS DOZENS OF STATES.THE OVERSIGHT PROJECT ESTABLISHED TO WORK FOR A U.S. GOVERNMENT THAT IS RESPONSIBLE, AND ACCOUNTABLE TO ITS CITIZENS FILED 2,100 FREEDOM OF INFORMATION ACT (FOIA) REQUESTS WITH THE CURRENT ADMINISTRATION IN ADDITION TO VARIOUS STATE GOVERNMENTS. 87694931 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 1 275 0 1 517 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NY OK OR PA RI SC TN UT VA WI WV X JOHN BACKIEL 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 BARB VAN ANDEL-GABY CHAIRMAN 2.00 0.00 X 0 0 0 MICHAEL W GLEBA VICE CHAIRMAN 2.00 0.00 X 0 0 0 EDWIN MEESE III CONSULTANT & TRUSTEE 6.00 0.00 X 36000 0 0 LARRY P ARNN PHD TRUSTEE 1.00 0.00 X 0 0 0 JOHN COLEMAN TRUSTEE 1.00 0.00 X 0 0 0 EDWIN J FEULNER PHD TRUSTEE 1.00 0.00 X 0 0 0 ROBERT P GEORGE TRUSTEE 1.00 0.00 X 0 0 0 RYAN HAGGERTY TRUSTEE 1.00 0.00 X 0 0 0 PRICE HARDING TRUSTEE 1.00 0.00 X 0 0 0 VIRGINIA HECKMAN TRUSTEE 1.00 0.00 X 0 0 0 MARK A KOLOKOTRONES TRUSTEE 1.00 0.00 X 0 0 0 REBEKAH A MERCER TRUSTEE 1.00 1.00 X 0 0 0 ABBY SPENCER MOFFAT TRUSTEE 1.00 0.00 X 0 0 0 NERSI NAZARI PHD TRUSTEE 2.00 2.00 X 0 0 0 DARRYLE OWENS TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY J SALIBA TRUSTEE 1.00 0.00 X 0 0 0 BRIAN TRACY TRUSTEE 1.00 0.00 X 0 0 0 KEVIN ROBERTS PRESIDENT 32.00 8.00 X 670981 167745 87469 DERRICK MORGAN EXECUTIVE VICE PRESIDENT 40.00 0.00 X 540696 0 86247 ERIC KORSVALL CHIEF OPERATING OFFICER 40.00 0.00 X 440009 0 69947 JOHN BACKIEL VP, FINANCE, ACCOUNTING & TREASURER 40.00 0.00 X 294759 0 57888 ROBERT BLUEY VP, COMMUNICATIONS 40.00 0.00 X 299859 0 58626 CHRISTOPHER BYRNES GEN. COUNSEL & SECRETARY 40.00 0.00 X 181883 0 19101 JAMES CARAFANO SR. FELLOW 40.00 0.00 X 313731 0 49765 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 40.00 0.00 X 297229 0 56295 DAN MAULER GENERAL COUNSEL & SECRETARY 28.00 12.00 X 229850 98507 50590 ANDREW MCINDOE VP, DEVELOPMENT 40.00 0.00 X 210278 0 22376 ANDREW OLIVASTRO CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 273994 0 62516 ROGER SEVERINO VP, DOMESTIC POLICY 40.00 0.00 X 315355 0 63075 BRIDGETT WAGNER ED THE FEULNER INSTITUTE 40.00 0.00 X 273375 0 55657 PAUL DANS DIRECTOR, PROJECT 2025 40.00 0.00 X 295079 0 38923 CHAD BAREFOOT DIRECTOR, DONOR RELATIONS 40.00 0.00 X 281598 0 33093 MIKE GONZALEZ SR. FELLOW 40.00 0.00 X 259378 0 50321 CARSTEN WALTER SR. FELLOW 40.00 0.00 X 258369 0 50129 STEVEN BRADBURY DISTINGUISHED FELLOW, EVP'S OFFICE 40.00 0.00 X 265951 0 21376 JACK SPENCER SR. RESEARCH FELLOW 40.00 0.00 X 197193 0 28010 5935567 266252 961404 163 1 1 0 DPR CONSTRUCTION 1450 VETERANS BLVD REDWOOD CITY CA 94063 CONSTRUCTION 10066367 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVENUE MESA AZ 85210 CONSULTANTS ON FUNDRAISING 1823590 THE TILT GROUP LLC 700 MILAM ST HOUSTON TX 77002 EVENT SERVICE PROVIDER 1262081 CONRAD DIRECT INC 300 KNICKERBOCKER RD CRESSKILL NJ 07626 MAILING CONTACT MGMT 1136277 GAYLORD NATIONAL RESORT & CONVENTION CEN 201 WATERFRONT ST NATIL HARBOR MD 20745 EVENT VENUE PROVIDER 996669 59 97801739 3438215 97801739 MEDIA & PUBLICATION 513190 83247 83247 83247 3010764 3010764 44350 44350 827209 2464902 -1637693 -1637693 -1637693 42314003 42365148 365965 -51145 -365965 -417110 -417110 OTHER INCOME 900099 2078053 2078053 2078053 100963350 83247 0 3078364 X 1465000 1465000 195000 195000 5899145 4957063 121120 820962 34309595 29013176 628525 4667894 2167529 1763808 67065 336656 4377524 3588035 132081 657408 2740658 2231080 83715 425863 1177491 1051001 84098 42392 106114 88704 2892 14518 2174817 2174817 791929 644796 24171 122962 12593175 11969987 404892 218296 1359531 724935 65929 568667 13360336 10268123 46648 3045565 3568021 2509128 79238 979655 4123246 3384831 463893 274522 1863800 1352539 34512 476749 23356 23356 8778242 7504119 479881 794242 246775 180698 31588 34489 3928418 2858518 524274 545626 192130 150414 34107 7609 DUES & SUBSCRIPTIONS 1904516 1437652 83556 383308 HONORARIA/WRITER'S FEES 217617 217617 BOOKS & PRODUCTS 139419 87079 4476 47864 OTHER EXPENSES 35793 28272 2548 4973 107739177 87694931 3399209 16645037 X 13512132 11902357 0 1609775 2324 2742 31156430 39404695 28322751 26864420 145225 259911 2361949 2443323 163872080 52544042 101240569 111328038 134208492 131617233 83594147 97351561 6633278 5781476 387665165 415053399 9351311 9690494 35211409 46815280 11114574 10863801 55677294 67369575 X 227926925 242621488 104060946 105062336 331987871 347683824 387665165 415053399 X -6775827 23577117 -1105337 X X 0 1 X 1 0 X 116941941 65877330 75262071 95083025 97801739 450966106 116941941 65877330 75262071 95083025 97801739 450966106 81171897 369794209 469710 1898026 3131192 2886962 3882323 12268213 1441168 1655442 1705646 2366466 2078058 9246780 472481099 865392 0.78270 0.80560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 107921312 107921312 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 195290303 371135 24343309 14292156 897322 204815269 245933731 1301000 -38761532 12180535 1002361 195290303 216474428 448633 40285428 10230554 1044204 245933731 206439566 1345701 19609287 10119068 801058 216474428 160512607 29295514 28302761 10503428 1167888 206439566 0.63408 0.20940 0.15652 0 0 12828701 12828701 141104519 45851052 95253467 6085435 3952241 2133194 3853425 2740749 1112676 111328038 INVESTMENTS IN ALTERNATIVES & LP'S 83978700 F TRUSTS & ANNUITIES 13372861 F 97351561 DEFERRED COMPENSATION PLAN 2868060 SPLIT-INTEREST AGREEMENTS 7995741 10863801 X 125108102 23577117 -1105338 22471779 102636323 791929 -2464902 -1672973 100963350 109412150 2464902 2464902 106947248 791929 791929 107739177 PART V, LINE 4: THE LONG-TERM INVESTMENT FUND, CONSISTING OF MULTIPLE FUNDED PROGRAMS, GENERAL BOARD DESIGNATED FUNDS, AND OPERATING RESERVES, HAS BEEN ESTABLISHED IN ORDER TO SUPPORT THE GROWTH AND OPERATIONS OF THE FOUNDATION. THE INVESTMENTS IN THE FUND WILL BE MADE TO ADVANCE THE MISSION AND INTERESTS OF THE FOUNDATION. INDIVIDUAL DONOR-RESTRICTED FUNDS WILL BE GOVERNED BY THE TERMS OF THEIR GOVERNING PLAN DOCUMENTS. SEPARATE ACCOUNTING IS MAINTAINED FOR EACH FUND. FUNDS ARE USED ANNUALLY TO SUPPORT PROGRAMS IN ACCORDANCE WITH THE FOUNDATION'S SPENDING POLICY OR AS STIPULATED BY THE DONOR(S). THE LONG-TERM FUND INCLUDES A PERMANENT FUND, ESTABLISHED BY THE BOARD, WITH THE MAIN OBJECTIVE OF LONG-TERM GROWTH OF CAPITAL IN ACCORDANCE WITH DONOR WISHES. THE PERMANENT FUND IS INCLUDED IN THE CALCULATION OF ANNUAL DRAWS USED TO SUPPORT THE OPERATIONS OF THE FOUNDATION. PART X, LINE 2: THE FOLLOWING IS THE FIN 48 (ASC 740) FOOTNOTE CONTAINED IN THE FOUNDATION'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2023: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A), AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY AND IS NOT A PRIVATE FOUNDATION. CONTRIBUTIONS TO THE FOUNDATION ARE DEDUCTIBLE FOR FEDERAL INCOME, ESTATE AND GIFT TAX PURPOSES. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES IS SUBJECT TO TAX. THERE WAS NO SIGNIFICANT NET UNRELATED INCOME TAX DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022. 3RD STREET PROPERTIES, LLC, MASSACHUSETTS AVENUE PROPERTIES, LLC AND INTERN HOUSING, LLC ARE LIMITED LIABILITY COMPANIES WHOSE SOLE MEMBER IS THE FOUNDATION. CONSEQUENTLY, 3RD STREET PROPERTIES, LLC, MASSACHUSETTS AVENUE PROPERTIES, LLC AND INTERN HOUSING, LLC ARE DISREGARDED ENTITIES FOR FEDERAL AND STATE INCOME TAX PURPOSES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAPS -623,301. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -482,037. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES REPORTED ON PART VIII LINE 6B -2,464,902. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES REPORTED ON PART VIII LINE 6B 2,464,902. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 1036 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 5690 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 111311 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 1060 NORTH AMERICA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 7231 SOUTH AMERICA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 740 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 22470901 0 0 0 0 0 0 22597969 0 22597969 1 0 0 0 0 0 X X X X 1 DICKERSON BAKKER & ASSOCIATES 7511 MOURNING DOVE ROAD STE 102 RALEIGH NC 27615 CONSULTANTS ON DIRECT MAIL PROGRAM 0 6410128 665010 5745118 NEXT AFTER LLC 5810 TENNYSON PARKWAY STE 102 PLANO TX 75024 CONSULTANTS ON DIRECT MAIL PROGRAM 0 6193211 511678 5681533 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVENUE MESA AZ 85210 CONSULTANTS ON FUNDRAISING 0 5763062 813266 4949796 ODELL SIMMS & LYNCH INC 1593 SPRING HILL ROAD SUITE 450 TYSONS CORNER VA 22182 CONSULTANTS ON DIRECT MAIL PROGRAM 0 4115478 205549 3909929 WARFIELD & WALSH INC 601 S WASHINGTON STREET ALEXANDRIA VA 223143004 CONSULTANTS ON DIRECT MAIL PROGRAM 0 3436288 379479 3056809 THREE CREATIVE INC 10211 WINCOPIN CIRCLE 100 COLUMBIA MD 21044 CONSULTANTS ON DIRECT MAIL PROGRAM 0 1293310 111513 1181797 27211477 2686495 24524982 AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN VA WA WI WV SCHEDULE G, PART I, LINE 2B, COLUMN (V) PROFESSIONAL FUNDRAISING PAYMENTS ARE DISTINGUISHED FROM EXPENSE PAYMENTS OR REIMBURSEMENTS PER THE INVOICES PROVIDED BY THE FUNDRAISER. NAME OF FUNDRAISER: NEXT AFTER, LLC LIST RENTAL: $393,000 NAME OF FUNDRAISER: ODELL, SIMMS & LYNCH, INC. PRINTING: $12,565 NAME OF FUNDRAISER: MDS COMMUNICATIONS CORPORATION PRINTING: $62,903 POSTAGE: $73,812 LIST RENTAL: $7,885 TRAVEL: $5,245 CONSULTING (NON-FUNDRAISING): $976,883 NAME OF FUNDRAISER: WARFIELD & WALSH, INC. PRINTING: $32,993 1 HERITAGE ACTION FOR AMERICA 214 MASSACHUSETTS AVE NE STE 400 WASHINGTON DC 20002 272244700 501(C)(4) 500000 0 PUBLIC POLICY EDUCATION FORGE LEADERSHIP NETWORK 707 MIAMISBURG-CENTREVILLE RD 202 DAYTON OH 45459 472275305 501(C)(3) 300000 0 INNOVATION PRIZE OKLAHOMA COUNCIL OF PUBLIC AFFAIRS 1401 N LINCOLN BOUELVARD OKLAHOMA CITY OK 73104 731436375 501(C)(3) 150000 0 INNOVATION PRIZE NATIONAL ASSOCIATION OF SCHOLARS 420 MADISON AVENUE 7TH FLOOR NEW YORK NY 10017 112741480 501(C)(3) 100000 0 INNOVATION PRIZE SPEECH FIRST 1300 I STREET STE 400E WASHINGTON DC 20005 823599047 501(C)(3) 100000 0 INNOVATION PRIZE COMMUNIO FOUNDATION 5901 KINGSTOWNE VILLAGE PARKWAY STE 102 ALEXANDRIA VA 22315 815362485 501(C)(3) 100000 0 INNOVATION PRIZE CARDINAL INSTITUTE FOR WEST VIRGINIA PO BOX 11495 CHARLESTON WV 25339 471932521 501(C)(3) 50000 0 GENERAL OPERATIONS AMERICAN REFORMER 4300 MACARTHUR AVENUE STE 235 DALLAS TX 75209 870851385 501(C)(3) 50000 0 GENERAL OPERATIONS READY WILLING & WORKING 1451 PENNSYLVANIA AVENUE SE WASHINGTON DC 20003 262383012 501(C)(3) 40000 0 GENERAL OPERATIONS STUDENTS FOR FAIR ADMISSIONS 2200 WILSON BOUELVARD STE 102-13 ARLINGTON VA 22201 471689810 501(C)(3) 25000 0 SALVATORI PRIZE FOR CITIZENSHIP CAPITOL HILL CHRISTIAN ACADEMY 1000 NEW JERSEY AVENUE SE STE 416 WASHIGNTON DC 20003 883303022 501(C)(3) 10000 0 GENERAL OPERATIONS AMERICAN COLLEGE OF PEDIATRICIANS 1800 HOWELL MILL ROAD STE 475 ATLANTA GA 31318 470886878 501(C)(3) 10000 0 GENERAL OPERATIONS STATE GOVERNMENT LEADERSHIP FOUNDATION 1201 F ST NW STE 675 WASHIGNTON DC 20004 200505849 501(C)(4) 30000 0 PUBLIC POLICY EDUCATION 11 1 ACADEMIC PRIZE 12 195000 PART I, LINE 2: THE FOUNDATION AWARDS THE INNOVATION AND ACADEMIC PRIZES TO FINANCIALLY SUPPORT INNOVATIVE PUBLIC POLICY SOLUTIONS TO THE MOST PRESSING ISSUES FACING AMERICA. THE INNOVATION AND ACADEMIC PRIZES WERE ESTABLISHED TO RECOGNIZE AND ADVANCE INNOVATIVE PROJECTS, STRATEGIES, AND EFFORTS OF ORGANIZATIONS THAT ARE SEEKING TO ENSURE THE FUTURE OF AMERICAN SELF-GOVERNANCE. THE FOUNDATION IS NOT A GRANT-MAKING ORGANIZATION. THE PRIZES AND/OR GRANTS THAT WERE AWARDED TO QUALIFYING ORGANIZATIONS IN 2023 WERE APPROXIMATELY LESS THAN TWO PERCENT OF TOTAL ANNUAL EXPENSES. IF ORGANIZATIONS OR SCHOLARS APPLY FOR PRIZES AND/OR GRANTS, THE REQUESTING ORGANIZATIONS ARE RESEARCHED AND REVIEWED BY STAFF TO DETERMINE IF THE PURPOSE OF THE PRIZES AND/OR GRANTS ALIGNS WITH THE FOUNDATION'S OBJECTIVES AND OVERALL MISSION. IF THE PRIZES AND/OR GRANTS ARE AWARDED, THEY MUST BE USED TO SUPPORT THOSE PURPOSES. AS A CONDITION OF THE PRIZES AND/OR GRANTS, ORGANIZATIONS AGREE TO SPECIFIC TERMS AND CONDITIONS AND UNDERSTANDINGS TO RECEIVE FUNDS. THOSE ORGANIZATIONS ARE SUBJECT TO PROVIDING PERIODIC REPORTS ON THE OPERATIONS, ACTIVITIES, AND ACCOMPLISHMENTS MADE POSSIBLE BY THE PRIZES AND/OR GRANTS. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 KEVIN ROBERTS PRESIDENT 411733 102933 240240 60060 19008 4752 61513 15378 30642 7661 763136 190784 0 0 DERRICK MORGAN EXECUTIVE VICE PRESIDENT 389572 0 150300 0 824 0 76891 0 35955 0 653542 0 0 0 ERIC KORSVALL CHIEF OPERATING OFFICER 318611 0 120300 0 1098 0 60591 0 35638 0 536238 0 0 0 ROGER SEVERINO VP, DOMESTIC POLICY 274137 0 40300 0 918 0 50591 0 40208 0 406154 0 0 0 ROBERT BLUEY VP, COMMUNICATIONS 221496 0 55300 0 23063 0 49270 0 35638 0 384767 0 0 0 DAN MAULER GENERAL COUNSEL & SECRETARY 221849 95078 7525 3225 476 204 35413 15177 990 424 266253 114108 0 0 JOHN BACKIEL VP, FINANCE, ACCOUNTING & TREASURER 243150 0 50300 0 1309 0 48532 0 35643 0 378934 0 0 0 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 243256 0 50300 0 3673 0 48651 0 22844 0 368724 0 0 0 JAMES CARAFANO SR. FELLOW 255000 0 50300 0 8431 0 49765 0 1694 0 365190 0 0 0 ANDREW OLIVASTRO CHIEF ADVANCEMENT OFFICER 240375 0 32800 0 819 0 55032 0 33433 0 362459 0 0 0 PAUL DANS DIRECTOR, PROJECT 2025 263374 0 30300 0 1405 0 26698 0 39292 0 361069 0 0 0 BRIDGETT WAGNER ED THE FEULNER INSTITUTE 224522 0 45300 0 3553 0 45301 0 35467 0 354143 0 0 0 CHAD BAREFOOT DIRECTOR, DONOR RELATIONS 225786 0 55300 0 512 0 24268 0 33780 0 339646 0 0 0 MIKE GONZALEZ SR. FELLOW 225708 0 30300 0 3370 0 43096 0 34115 0 336589 0 0 0 CARSTEN WALTER SR. FELLOW 219030 0 35300 0 4039 0 42904 0 33827 0 335100 0 0 0 STEVEN BRADBURY DISTINGUISHED FELLOW, EVP'S OFFICE 248920 0 10300 0 6731 0 21376 0 2767 0 290094 0 0 0 JACK SPENCER SR. RESEARCH FELLOW 195889 0 300 0 1004 0 23490 0 30900 0 251583 0 0 0 ANDREW MCINDOE VP, DEVELOPMENT 154884 0 55000 0 394 0 17736 0 19907 0 247921 0 0 0 CHRISTOPHER BYRNES GEN. COUNSEL & SECRETARY 136337 0 45004 0 542 0 14496 0 22830 0 219209 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: THE FOUNDATION ALLOWS FIRST CLASS TRAVEL OR CHARTER TRAVEL FOR CERTAIN APPROVED STAFF IN CERTAIN CIRCUMSTANCES, SUCH AS INTERNATIONAL TRAVEL, AND ONLY WHEN CONDUCTING OFFICIAL BUSINESS FOR THE FOUNDATION. IN ACCORDANCE WITH THE FOUNDATION'S TRAVEL POLICIES, ANY AMOUNT PAID BY THE FOUNDATION FOR ANY TRAVEL BY ANY EMPLOYEE THAT IS NOT BUSINESS RELATED IS REQUIRED TO BE REIMBURSED BY THE INDIVIDUAL TO THE FOUNDATION OR IT IS INCLUDED IN THE INDIVIDUAL'S REPORTABLE COMPENSATION ON FORM W-2, BOX 5, AND INCLUDED IN PART VII OF THE FORM 990 AND SCHEDULE J, PART II. TRAVEL FOR COMPANIONS: FROM TIME TO TIME, THE FOUNDATION ALLOWS TRAVEL FOR SPOUSES OF CERTAIN OFFICERS OF THE ORGANIZATION. AMOUNTS PAID FOR TRAVEL FOR COMPANIONS THAT ARE NOT BUSINESS RELATED ARE EITHER REIMBURSED BY THE OFFICER TO THE FOUNDATION OR ARE INCLUDED IN THE OFFICER'S REPORTABLE COMPENSATION ON FORM W-2, BOX 5, AND INCLUDED IN PART VII OF THE FORM 990 AND SCHEDULE J, PART II. PART I, LINE 7 A PORTION OF MANAGEMENT COMPENSATION IS IN THE FORM OF AN ANNUAL BONUS. MANAGEMENT BONUSES ARE CONTINGENT ON ACHIEVING THE ORGANIZATION'S GOALS AND OBJECTIVES AS WELL AS ON THEIR OWN PERFORMANCE AND ACHIEVEMENT OF ESTABLISHED GOALS. BONUSES ARE NOT BASED ON A FIXED FORMULA. GOALS ARE REVIEWED MID-YEAR AND ANNUALLY, AND MONTHLY REPORTS OF ORGANIZATON ACTIVITIES ARE PROVIDED TO THE BOARD. MELISSA BLUEY SPOUSE OF OFFICER: ROBERT BLUEY 83326 EMPLOYMENT 0 X 142 3438215 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF ITEMS RECEIVED PART I, LINE 32B: IN AN EFFORT TO PROVIDE DONORS WITH ANOTHER GIVING OPTION, THE FOUNDATION HAS CONTRACTED WITH THE GIVING BLOCK ("TGB") TO PROCESS CRYPTO CURRENCY GIFTS RECEIVED BY THE ORGANIZATION FROM DONORS. TGB FACILITATES THE TRANSFER OF THE CRYPTO CURRENCY FROM THE DONOR, CONVERTS IT TO CASH, AND THEN SENDS THE CASH PROCEEDS DIRECTLY TO THE FOUNDATION. IN 2023 THERE WERE NOT ANY CRYPTO CURRENCY TRANSACTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD AMENDED THE BYLAWS IN 2023 TO UPDATE THE PROCESS FOR FILLING VACANCIES FOR OFFICES AND CLARIFYING THAT THE MEMBERSHIP OF THE AUDIT COMMITTEE MUST INCLUDE A CERTAIN NUMBER OF NON-EMPLOYEE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE & CONTROLLER COMPILES THE INFORMATION NECESSARY TO COMPLETE THE FORM 990. PAID TAX PREPARERS THEN ASSIST IN POPULATING THE FORM, WHICH IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ACCOUNTING. THE COMPLETED DRAFT IS THEN REVIEWED BY THE PRESIDENT, EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER, AND GENERAL COUNSEL. A COMPLETE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR FINAL COMMENTS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW EMPLOYEES ARE REQUIRED TO FOLLOW ALL POLICIES CONTAINED WITHIN THE FOUNDATION'S EMPLOYEE HANDBOOK, INCLUDING THE FOUNDATION'S CONFLICT OF INTEREST POLICY. SEPARATELY, THE FOUNDATION HAS IN PLACE A FORMAL CONFLICT OF INTEREST POLICY THAT REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES (THE "BOARD") TO DISCLOSE, ANNUALLY, ANY AND ALL FINANCIAL INTERESTS OR HOLDINGS THAT MAY BE A CONFLICT OF INTEREST TO HIS/HER DUTIES AS A TRUSTEE OF THE ORGANIZATION. ADDITIONAL DISCLOSURES ARE REQUIRED PROMPTLY WHEN A PREVIOUSLY UNKNOWN CONFLICT ARISES OR IS DISCOVERED. IN THE CASE OF A POTENTIAL CONFLICT, THE POLICY SETS FORTH A FORMAL PROCESS FOR THE BOARD TO EXAMINE THE POTENTIAL CONFLICT AND THEN APPROVE, DISAPPROVE, OR TAKE FURTHER APPROPRIATE ACTION. FURTHER, THE POLICY PROVIDES THE BOARD THE AUTHORITY TO IMPLEMENT AND ENFORCE ITS OVERSIGHT OF THESE ISSUES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION, INCLUDING SALARIES, BONUSES, AND BENEFITS, FOR THE FOUNDATION'S PRESIDENT, EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER, AND CERTAIN OTHER OFFICERS IS APPROVED BY THE BOARD, AND BASED ON THE RECOMMENDATION OF THE BOARD'S COMPENSATION COMMITTEE. IN 2023, THE COMPENSATION COMMITTEE WAS COMPRISED OF SIX INDEPENDENT, VOLUNTEER BOARD MEMBERS WHO WERE NOT, AND HAVE NEVER BEEN, EMPLOYEES OF THE FOUNDATION. EACH YEAR, THE COMPENSATION COMMITTEE MEETS TO DEVELOP COMPENSATION RECOMMENDATIONS TO THE FULL BOARD AND ITS MEETINGS ARE DOCUMENTED CONTEMPORANEOUSLY. IN DEVELOPING ITS RECOMMENDATIONS, THE COMMITTEE CONSIDERS MARKET DATA AND OTHER SALARY AND BENEFIT SURVEY INFORMATION REGARDING THE COMPENSATION OF SIMILARLY SITUATED EXECUTIVES, BECAUSE THE MANAGEMENT AND LEADERSHIP SKILLS OF HERITAGE EXECUTIVES HAVE A SIGNIFICANT EFFECT ON THE FOUNDATION'S SUCCESS, A SIGNIFICANT PORTION OF CASH COMPENSATION IS IN THE FORM OF A BONUS. BONUSES ARE CONTINGENT ON ACHIEVING THE ORGANIZATION'S STRATEGIC OBJECTIVES AS WELL AS THEIR OWN PERFORMANCE AND ACHIEVEMENT OF ESTABLISHED GOALS. GOALS ARE REVIEWED MID-YEAR AND ANNUALLY, AND MONTHLY REPORTS OF FOUNDATION ACTIVITIES ARE PROVIDED TO THE BOARD. IN CONSIDERING AND APPROVING TOTAL COMPENSATION FOR 2023, THE COMPENSATION COMMITTEE AND THE BOARD ALSO APPROVED BENEFITS PROVIDED UNDER AN EMPLOYER-FUNDED QUALIFIED RETIREMENT PLAN, GROUP HEALTH, LIFE, AND LONG-TERM DISABILITY AND LONG-TERM CARE INSURANCE PLANS, AND OTHER BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST IN COMPLIANCE FOR THE PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 461,705. MANAGEMENT AND GENERAL EXPENSES 35,159. FUNDRAISING EXPENSES 22,362. TOTAL EXPENSES 519,226. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 11,508,282. MANAGEMENT AND GENERAL EXPENSES 369,733. FUNDRAISING EXPENSES 195,934. TOTAL EXPENSES 12,073,949. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS -623,300. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -482,037. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. 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