2023-02-10T11:00:11-06:00 2022-09-30 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2021-10-01 953298239 THE REASON FOUNDATION REAS 3107408579 5737 MESMER AVENUE LOS ANGELES CA 90230 DAVID NOTT PRESIDENT & CEO 3107408579 2023-02-08 1 DAVID NOTT 999009999 LIZBETH G NEVAREZ P01399868 3108731600 2023-02-08 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z DAVID NOTT 5737 MESMER AVENUE LOS ANGELES CA 90230 18264074 0 X WWW.REASON.ORG X 1978 CA ADVANCE A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES. 22 20 96 19 115051 0 13980606 13798378 1043588 1124817 351352 183098 159311 126723 15534857 15233016 0 80000 0 0 8625174 9149313 0 0 1460134 4788695 5751617 13413869 14980930 2120988 252086 19282371 17225914 2631109 2590843 16651262 14635071 X TO ADVANCE A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES, INCLUDING INDIVIDUAL LIBERTY, FREE MARKETS, AND THE RULE OF LAW. WE USE JOURNALISM AND PUBLIC POLICY RESEARCH TO INFLUENCE THE FRAMEWORKS AND ACTIONS OF POLICYMAKERS AND THE PUBLIC. 0 0 5514304 884391 PROMOTING FREE MINDS AND FREE MARKETS SINCE 1968- 11 ISSUES PUBLISHED- 52,000 PAID/REQUESTED COPIES AND 4,000 NEWSSTAND COPIES SOLD PER MONTH- AVERAGE OF 3.8 MILLION USER VISITS PER MONTH AT REASON.COM AND 2.8 MILLION VISITS TO REASONTV 4658311 80000 240426 REASON WORKS WITH MOTIVATED POLICYMAKERS TO DEVELOP AND IMPLEMENT MARKET-BASED REFORMS THAT ARE A MODEL FOR REFORM-MINDED POLICYMAKERS AT ALL LEVELS OF GOVERNMENT. OUR PENSION INTEGRITY PROJECT EDUCATES POLICYMAKERS AND TAXPAYERS ON PENSION REFORM. WE PRODUCED FIVE MAJOR TECHNICAL ANALYSES THAT FOCUS ON THE SOLVENCY OF PUBLIC EMPLOYEE RETIREMENT SYSTEMS IN ARIZONA, NORTH CAROLINA, NEW MEXICO, MISSISSIPPI, AND ARKANSAS, AS WELL AS POLICY BRIEFS THAT ADDRESS REDUCED PUBLIC SAFETY BUDGETS, VOLATILE INVESTMENT RETURNS, AND THE IMPACT OF COVID-19 ON PUBLIC PENSIONS, AND EDUCATED LEGISLATORS IN THOSE STATES VIA STUDIES, DIRECT OUTREACH, AND MORE 70 TOPICAL COMMENTARIES. DRAWING FROM DECADES OF RESEARCH ON THE BENEFITS OF SCHOOL CHOICE, REASON'S EDUCATION TEAM IS A LEADING VOICE IN PROMOTING NEW MODELS SUCH AS PANDEMIC PODS, ONLINE CHARTERS, BACKPACK FUNDING, AND OTHER OPTIONS THAT ENCOURAGE STUDENT ACHIEVEMENT AND ADVANCE THE FREEDOM TO INNOVATE IN EDUCATION. WE ARE ADVISING POLICYMAKERS AND ALLIES IN MORE THAN 20 STATES ON VIRTUAL SCHOOLING, SCHOOL FINANCE, AND SAFETY. OUR TRANSPORTATION TEAM IS ASSESSING THE CHANGES THAT THE PANDEMIC HAS MADE IN TRANSPORTATION USAGE, CALLING FOR GREATER DECENTRALIZATION AND A REEVALUATION OF HEAVILY SUBSIDIZED TRANSIT PROJECTS. REASON'S DRUG POLICY TEAM IS HELPING STATES BETTER UNDERSTAND POTENTIAL PITFALLS IN REGULATING LEGAL RECREATIONAL CANNABIS MARKETS AND PROVIDING SUPPORT TO POLICYMAKERS SEEKING TO FIX THE CHALLENGES OF LEGALIZATION. 2325160 "PROMOTING FREE MINDS AND FREE MARKETS THROUGH ONLINE VIDEO JOURNALISM.- 162 VIDEOS PRODUCED- AVERAGE OF 2,800,000 VIDEOS PLAYED EACH MONTHPODCASTSREASON PRODUCES 3 PODCASTS: THE REASON ROUNDTABLE, A WEEKLY DISCUSSION OF THE WEEK'S BIGGEST STORIES AND THEIR CONNECTION TO THE IDEAS OF FREE MINDS AND FREE MARKETS; THE REASON INTERVIEW WITH NICK GILLESPIE, A WEEKLY CONVERSATION WITH INNOVATIVE AND INTERESTING THINKERS FROM A VARIETY OF DISCIPLINES; AND THE MONTHLY SOHO FORUM DEBATES, FEATURING PUBLIC INTELLECTUALS FACING OFF OVER CONTROVERSIAL ISSUES.- AVERAGE OF 304,000 DOWNLOADS PER MONTH" 492028 REASON FOUNDATION PUBLISHES RESEARCH AND JOURNALISM AND ENGAGES IN EDUCATIONAL OUTREACH FROM A LIBERTARIAN PERSPECTIVE TO POLICYMAKERS, RELEVANT STAKEHOLDERS, AND THE GENERAL PUBLIC.- 20,000 ARTICLES CITING REASON EXPERTS- 3,200 MEDIA APPEARANCES BY REASON EXPERTS- 57 LEGISLATIVE TESTIMONIES- 31 POLICY STUDIES- 300 POLICY COMMENTARIES AND OP-EDS- 11 SURFACE TRANSPORTATION INNOVATIONS NEWSLETTERS & AIR SECURITY NEWSLETTERS- 11 AIR TRAFFIC CONTROL NEWSLETTERS- 4 REASON REPORT DONOR NEWSLETTERS 492028 12989803 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 68 0 1 96 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AR FL GA HI IL KS KY ME MD MA MI MN MS NH NM NY NC ND OK OR PA RI SC TN UT VA WV WI X X JONATHAN GRAFF 3103912245 5737 MESMER AVENUE LOS ANGELES CA 90230 DAVID NOTT PRESIDENT, CEO 40.00 0.00 X X 411628 0 122800 ROBERT POOLE FOUNDER, DIR OF TRANSPORTATION POLICY 40.00 0.00 X X 230000 0 393 NICHOLAS GILLESPIE EDITOR AT LARGE 40.00 0.00 X 227417 0 7800 ADRIAN T MOORE VICE PRESIDENT POLICY 40.00 0.00 X 211956 0 17561 LEONARD GILROY VICE PRESIDENT GOVERNMENT REFORM 40.00 0.00 X 202500 0 7752 KATHERINE MANGU-WARD VICE PRESIDENT/EDITOR-IN-CHIEF 40.00 0.00 X 202500 0 384 JONATHAN GRAFF CFO, SECRETARY & TREASURER 40.00 0.00 X 202461 0 17733 MICHAEL ALISSI VICE PRESIDENT OPERATIONS 40.00 0.00 X 182835 0 17704 MATTHEW WELCH EDITOR AT LARGE 40.00 0.00 X 168544 0 17609 JACQUELINE PYKE DIRECTOR OF DEVELOPMENT 40.00 0.00 X 144167 0 308 MELISSA MANN DIR OF DONOR COMMUNICATIONS 40.00 0.00 X 138385 0 7698 JAMES EPSTEIN EXECUTIVE EDITOR 40.00 0.00 X 122565 0 308 STEPHEN MODZELEWSKI BOARD CHAIR 1.00 0.00 X X 0 0 0 THEODORE BARNETT TRUSTEE 1.00 0.00 X 0 0 0 THOMAS E BEACH TRUSTEE 1.00 0.00 X 0 0 0 BARON BOND TRUSTEE 1.00 0.00 X 0 0 0 DREW A CAREY TRUSTEE 1.00 0.00 X 0 0 0 JIM CARUSO TRUSTEE (LEFT APR 2022) 1.00 0.00 X 0 0 0 DERWOOD S CHASE JR TRUSTEE 1.00 0.00 X 0 0 0 REBECCA DUNN TRUSTEE 1.00 0.00 X 0 0 0 LINDA EDWARDS TRUSTEE 1.00 0.00 X 0 0 0 PETER FARRELL TRUSTEE 1.00 0.00 X 0 0 0 C BOYDEN GRAY TRUSTEE 1.00 0.00 X 0 0 0 BRIAN HOOKS TRUSTEE 1.00 0.00 X 0 0 0 JAMES D JAMESON TRUSTEE 1.00 0.00 X 0 0 0 MANUEL S KLAUSNER TRUSTEE 1.00 0.00 X 0 0 0 JAMES LINTOTT TRUSTEE 1.00 0.00 X 0 0 0 TRAVIS MAY TRUSTEE 1.00 0.00 X 0 0 0 GEORGE F OHRSTROM TRUSTEE 1.00 0.00 X 0 0 0 CHRIS J RUFER TRUSTEE 1.00 0.00 X 0 0 0 RICHARD A WALLACE TRUSTEE 1.00 0.00 X 0 0 0 KERRY WELSH TRUSTEE 1.00 0.00 X 0 0 0 FRED M YOUNG JR TRUSTEE 1.00 0.00 X 0 0 0 2444958 0 218050 20 0 1 0 SOUND SCIENCE EXPLORATIONS LLC 2521 FORK HOUSE COURT COOL CA 95614 FILM PRODUCTION 279390 H-GARB INFORMATIX REG OFF 15 MURRAYS GATE RD ALWARPET IN DATA VALIDATION 179825 IRON LIGHT INC 300 S RIVERSIDE PLAZA CHICAGO IL 60606 MARKETING 105500 RONALD BAILEY 517 SECOND STREET NE CHARLOTTESVILLE VA 22902 JOURNALISM 102000 4 14101 13784277 556300 13798378 SUBSCRIPTION SALES 519100 884391 884391 CONFERENCE REVENUE 900003 240426 240426 1124817 181294 181294 3030112 3028308 1804 1804 1804 0 14101 2750 -2750 -2750 ADVERTISING INCOME 511120 114254 114254 MAILING LIST RENTAL 511120 8286 797 7489 OTHER INCOME 900003 6933 6933 129473 15233016 1124817 115051 194770 X 80000 80000 1910889 1652723 76043 182123 6291449 5442946 257943 590560 404501 348847 10987 44667 542474 451694 20513 70267 54664 54664 35750 35750 2049914 2003781 31407 14726 344500 310403 2185 31912 348291 243111 7786 97394 199889 194900 2322 2667 344382 293530 18067 32785 517476 350569 2281 164626 211123 162369 48754 38314 33147 1571 3596 121438 105060 4979 11399 MAGAZINE PRINTING AND D 611391 609126 2265 FOUNDATION-HOSTED EVENT 502432 470518 31914 DUES AND SUBSCRIPTIONS 134591 112514 91 21986 PRINTED MATERIAL 133445 26393 978 106074 104017 98172 3426 2419 14980930 12989803 530993 1460134 1894970 1687740 485376 353724 350000 875000 114971 133375 3361182 678428 2709782 2682754 13455801 11155392 70014 49354 201457 288575 19282371 17225914 1267423 1260783 330563 309432 1033123 1020628 2631109 2590843 X 15156735 13144807 1494527 1490264 16651262 14635071 19282371 17225914 X 252086 -2238059 -30218 X 0 1 X 1 0 X 11345241 12629680 15019750 13980606 13798378 66773655 11345241 12629680 15019750 13980606 13798378 66773655 17449820 49323835 117547 133967 227918 268961 181294 929687 233 6183 7225 48930 14422 76993 67780335 4983801 0.72770 0.74760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 85653 85653 13435143 13520796 826040 206510 0 0 742761 758755 826040 2327556 3491334 32330 59600 85653 177583 185690 189689 206510 581889 872834 81703 0 30424 51279 65305 30424 14026 81703 55571 14025 4291 65305 61378 2000 4291 12098 55571 54867 11065 6034 10588 61378 0.00000 1.00000 0.00000 0 0 1908473 1908473 1018670 379404 639266 16850 16850 0 417189 282174 135015 2682754 DEFERRED COMPENSATION 1020628 1020628 X 12994957 -2238059 -2238059 15233016 0 15233016 15011148 30218 30218 14980930 0 14980930 PART V, LINE 4: THE ENDOWMENT FUND WILL BE USED TO SUPPORT OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB'S) ACCOUNTING STANDARDS CODIFICATION TOPIC NO. 740, UNCERTAINTY IN INCOME TAXES, THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED SEPTEMBER 30, 2022, THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XII, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT EXPENSE 30,218. SAVAS AWARDS 11401 11401 FALL OF COMMUNISM DINNER 2700 2700 2750 14101 14101 2750 2750 -2750 1 EQUABLE 2807 JACKSON AVE LONG ISLAND CITY NY 11101 823988188 501(C)(3) 80000 0 JOINT WORK ON PROJECTS RELATED TO PUBLIC SECTOR DEBT 1 PART I, LINE 2: EQUABLE IS A SUBAWARDEE AS SPECIFIED IN OUR GRANT AGREEMENT WITH THE BILL AND MELINDA GATES FOUNDATION. THE SUBAWARDEE (EQUABLE) FREQUENTLY COORDINATES AND DOES JOINT WORK WITH REASON ON PROJECTS RELATED ON PUBLIC SECTOR DEBT. EQUABLE'S SCOPE OF WORK WILL LEVERAGE THEIR COMPARATIVE ADVANTAGE RELATED TO EDUCATION RESOURCE AND STATEHOLDER ENGAGEMENT WHILE REASON'S SHARE OF THE "OFFICE HOURS" WORK WILL LEAD INTO OUR COMPARATIVE ADVANTAGE IN TECHNICAL ANALYSIS AND ENGAGING STATE LEADERS AND STAKEHOLDERS TO MOTIVATE CHANGE. X X X X 0 1 0 0 0 0 0 1 0 DAVID NOTT PRESIDENT, CEO 336628 0 75000 0 0 0 115000 0 7800 0 534428 0 0 0 ROBERT POOLE FOUNDER, DIR OF TRANSPORTATION POLIC 210000 0 20000 0 0 0 0 0 393 0 230393 0 0 0 NICHOLAS GILLESPIE EDITOR AT LARGE 207417 0 20000 0 0 0 0 0 7800 0 235217 0 0 0 ADRIAN T MOORE VICE PRESIDENT POLICY 156956 0 55000 0 0 0 0 0 17561 0 229517 0 0 0 LEONARD GILROY VICE PRESIDENT GOVERNMENT REFORM 142500 0 60000 0 0 0 0 0 7752 0 210252 0 0 0 KATHERINE MANGU-WARD VICE PRESIDENT/EDITOR-IN-CHIEF 162500 0 40000 0 0 0 0 0 384 0 202884 0 0 0 JONATHAN GRAFF CFO, SECRETARY & TREASURER 147461 0 55000 0 0 0 0 0 17733 0 220194 0 0 0 MICHAEL ALISSI VICE PRESIDENT OPERATIONS 132835 0 50000 0 0 0 0 0 17704 0 200539 0 0 0 MATTHEW WELCH EDITOR AT LARGE 143544 0 25000 0 0 0 0 0 17609 0 186153 0 0 0 PART I, LINE 4B DAVID NOTT, PRESIDENT AND CEO, PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. DURING THE YEAR ENDED SEPTEMBER 30, 2022, THE FOUNDATION DEPOSITED $115,000 INTO THE 457(F) PLAN. PART I, LINE 7 OFFICERS BONUSES ARE DETERMINED BY THE FINANCE COMMITTEE AS PART OF THE TOTAL COMPENSATION REVIEW THAT THEY DO BY REVIEWING A REPORT OF 990S FROM A SELECT GROUP OF OTHER CHARITIES. ADRIAN T MOORE SPOUSE OF OFFICER, ADRIAN T. MOORE 35373 SPOUSE OF OFFICER WAS PAID $35,373 DURING FY 2022 0 X 24 443825 FMV X CRYPTOCURRENCY 11 104096 DONATED VALUE X MISC. ITEMS 1 8379 FMV 1 0 0 0 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF DONOR CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING WITH THE IRS THE DRAFT 990 WILL BE EMAILED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW, FEEDBACK WILL BE PROVIDED TO THE CFO. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS OF THE FOUNDATION WILL COMPLETE A FORM TO CERTIFY THAT THERE ARE NO EXISTING CONFLICTS. IF THERE ARE ANY CHANGES TO THAT STATUS THEY WILL COMPLETE AND SUBMIT ANOTHER FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA WAS ASSEMBLED FROM PUBLIC 990 FILINGS FOR SIMILAR POSITIONS WITHIN OTHER NONPROFIT ORGANIZATIONS AND PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WITH RECOMMENDATIONS FOR COMPENSATION. THE FINANCE COMMITTEE THEN DISCUSSED AND APPROVED COMPENSATION IN AN EXECUTIVE COMMITTEE MEETING OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST THE DOCUMENTS WILL BE MAILED OR E-MAILED TO THE REQUESTING PARTY. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,527,201. MANAGEMENT AND GENERAL EXPENSES 31,407. FUNDRAISING EXPENSES 14,726. TOTAL EXPENSES 1,573,334. MARKETING CONTRACTORS: PROGRAM SERVICE EXPENSES 476,580. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 476,580. FORM 990, PART XI, LINE 9: IMPAIRMENT EXPENSE -30,218.