2023-05-03T08:08:09-05:00 2022-06-30 420714325 RSM US LLP 920 5TH AVENUE SUITE 2800 SEATTLE WA 98104 990 2021-07-01 530196577 THE BROOKINGS INSTITUTION BROO 2027976000 1775 MASSACHUSETTS AVE NW WASHINGTON DC 20036 MITCHELL WEIN SENIOR VP, FINANCE & COO 2027976000 2023-04-06 1 MITCHELL WEIN XXX-XX-XXXX SUE ROBISON P00560072 2062814444 2023-04-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z AMY LIU WITMER 1775 MASSACHUSETTS AVE NW WASHINGTON DC 20036 309630330 0 X WWW.BROOKINGS.EDU X 1939 DC TO CONDUCT IN-DEPTH, INDEPENDENT RESEARCH THAT LEADS TO NEW IDEAS FOR SOLVING PROBLEMS FACING SOCIETY. 52 52 629 52 -833811 0 47454002 70762210 738145 747918 18624162 46842243 1085497 989580 67901806 119341951 516601 2370651 0 0 61534376 62907229 0 124750 3427018 23633401 22452603 85684378 87855233 -17782572 31486718 568244186 528999178 61109184 62523099 507135002 466476079 X SEE SCHEDULE O 0 0 14014024 25000 32500 ECONOMIC STUDIES:THE ECONOMIC STUDIES PROGRAM PROVIDES ANALYSIS OF CURRENT AND EMERGING ECONOMIC ISSUES TO INFORM PUBLIC POLICY THROUGH INNOVATIVE AND PRACTICAL POLICY SOLUTIONS. OVER THE PAST YEAR, ECONOMIC STUDIES SCHOLARS CONDUCTED RIGOROUS RESEARCH AND POLICY ANALYSIS IN AREAS INCLUDING BUT NOT LIMITED TO SOUND MONETARY AND FISCAL POLICY, TAXATION, INCLUSIVE SOCIO-ECONOMIC POLICY, ECONOMIC OPPORTUNITY AND MOBILITY, HEALTH CARE AND SOCIAL INSURANCE ECONOMICS, THE EFFICIENT WORKING OF MARKETS, AND CLIMATE-RESILIENT GROWTH. THE ECONOMIC STUDIES PROGRAM DISSEMINATED ITS FREQUENTLY CITED SCHOLARSHIP IN PUBLISHED REPORTS, RESEARCH PAPERS, JOURNALS, LONGER-FORM BOOKS AND SHORTER-FORM OP-EDS AND BLOG POSTS, AS WELL AS THROUGH EVENTS. 11950179 345061 108566 GLOBAL ECONOMY AND DEVELOPMENT:THE GLOBAL ECONOMY & DEVELOPMENT (GLOBAL) PROGRAM OFFERS INNOVATIVE POLICY SOLUTIONS AND TOOLS TO HELP GLOBAL, NATIONAL, AND LOCAL POLICYMAKERS BUILD MORE EQUITABLE AND SUSTAINABLE ECONOMIC SYSTEMS THAT DELIVER PROSPERITY AND WELL-BEING FOR ALL. GLOBAL'S INTERDISCIPLINARY TEAM OF EXPERTS PROVIDES THOUGHT LEADERSHIP, CUTTING-EDGE RESEARCH, AND INNOVATIVE SOLUTIONS THAT INFORM POLICY AND INTERNATIONAL COOPERATION IN THEMATIC AREAS INCLUDING HARNESSING TECHNOLOGY FOR INCLUSIVE GROWTH AND DEVELOPMENT; CLIMATE POLICY AND ACTION FOR SUSTAINABLE INCLUSIVE GROWTH AND DEVELOPMENT; GLOBAL EDUCATION AND SKILLS DEVELOPMENT; SUSTAINABLE DEVELOPMENT AND FINANCING FOR DEVELOPMENT; AND MULTILATERALISM AND INTERNATIONAL COOPERATION. THROUGH THIS WORK, GLOBAL EXPERTS HOPE TO INFORM AND FACILITATE PROGRESS TOWARD THE SUSTAINABLE DEVELOPMENT GOALS (SDGS), BUILD PARTNERSHIPS IN PURSUIT OF INCLUSIVE DEVELOPMENT, AND ULTIMATELY REDUCE GLOBAL POVERTY AND OTHER SOURCES OF SOCIAL STRESS. OVER THE PAST YEAR, GLOBAL CONTINUED TO SHARE ITS FINDINGS WITH AUDIENCES THROUGH VARIOUS EVENTS, WIDELY READ BOOKS, REPORTS AND OP-EDS, AND INTERACTIVE TOOLS. 10629633 308494 570340 FOREIGN POLICY:THE FOREIGN POLICY PROGRAM CONDUCTS RESEARCH, ANALYSIS AND CONVENING IN ORDER TO INFORM PUBLIC UNDERSTANDING AND POLICY DIALOGUE CONCERNING THE MOST PRESSING GEOPOLITICAL AND SECURITY ISSUES FACING THE U.S. AND THE WORLD. IN ADDITION TO THE PROGRAM REGULARLY HOSTING EVENTS, FOREIGN POLICY SCHOLARS HAVE PUBLISHED A NUMBER OF REPORTS AND BOOKS WHILE ALSO MAKING APPEARANCES ON THE PAGES AND AIRWAVES OF MAJOR NEWS AND POLICY OUTLETS ACROSS THE POLITICAL SPECTRUM IN THE U.S. AND AROUND THE GLOBE. 10123931 1389596 4462 GOVERNANCE STUDIES:THE GOVERNANCE STUDIES PROGRAM AT BROOKINGS IS DEDICATED TO ANALYZING POLICY ISSUES, POLITICAL INSTITUTIONS AND PROCESSES, AND CONTEMPORARY GOVERNANCE CHALLENGES. OUR SCHOLARSHIP IDENTIFIES AREAS IN NEED OF REFORM AND PROPOSES SPECIFIC SOLUTIONS WITH THE GOALS OF IMPROVING THE PERFORMANCE OF THE NATIONAL GOVERNMENT, INFORMING DEBATE, AND PROVIDING STAKEHOLDERS WITH EXPERT ANALYSIS AND IDEAS TO ENSURE BETTER INSTITUTIONAL GOVERNANCE. IN THE PAST YEAR, GOVERNANCE STUDIES EXPERTS FOCUSED ON AREAS RANGING FROM ELECTION PROCESSES, TO ARTIFICIAL INTELLIGENCE, TO ADDRESSING RACIAL JUSTICE IN AREAS OF LAW ENFORCEMENT, VOTING RIGHTS, AND ACCESS TO TECHNOLOGY AND HEALTHCARE. IN ADDITION TO PUBLISHING MYRIAD WORKS OF WRITTEN SCHOLARSHIP OVER THE YEAR, GOVERNANCE STUDIES HELD A NUMBER OF EVENTS OPEN TO THE PUBLIC ON THESE AND OTHER TIMELY TOPICS. 9381048 296250 32050 BROOKINGS METRO:THE BROOKINGS METROPOLITAN POLICY PROGRAM'S (METRO) WORKS WITH LOCAL LEADERS TO TRANSFORM ORIGINAL RESEARCH INSIGHTS INTO POLICY AND PRACTICAL SOLUTIONS THAT SCALE NATIONALLY IN SUPPORT OF EVERY COMMUNITY BECOMING PROSPEROUS, JUST, AND RESILIENT - NO MATTER ITS STARTING POINT. METRO PRODUCES A NUMBER OF DIFFERENT TYPES OF PUBLICATIONS, INCLUDING BLOG POSTS, RESEARCH BRIEFS, REPORTS, BOOKS AND INTERACTIVE DATA VISUALIZATIONS, AND IN THE PAST YEAR HOSTED A NUMBER OF PUBLIC EVENTS. THROUGH ROUNDTABLES, MEETINGS, PUBLIC FORUMS, CONFERENCES, WORKSHOPS, LABS AND COMMUNITIES OF PRACTICE, METRO ALSO CONTINUED TO WORK WITH NETWORKS OF EXPERTS FROM DIFFERENT SECTORS TO TRANSLATE EVIDENCE AND IDEAS INTO TANGIBLE SOLUTIONS THAT ADDRESS THE UNPRECEDENTED CHALLENGES FACING THE NATION, STATES AND CITIES ALIKE. 1463555 6250 INSTITUTIONAL INITIATIVES:INCLUDES RESEARCH INITIATIVES UNDERTAKEN OR SUPERVISED BY THE EXECUTIVE OFFICE AND CROSS-PROGRAM RESEARCH EFFORTS, SUCH AS THE ARTIFICIAL INTELLIGENCE AND EMERGING TECHNOLOGIES INITIATIVE AND THE DAVID M. RUBENSTEIN FELLOWSHIP PROGRAM.THE ARTIFICIAL INTELLIGENCE AND EMERGING TECHNOLOGY (AIET) INITIATIVE LOOKS TO ADVANCE GOOD GOVERNANCE OF TRANSFORMATIVE TECHNOLOGIES AT THE GLOBAL, NATIONAL, AND LOCAL LEVELS SO THAT MULTIPLE SECTORS OF SOCIETY CAN RESPONSIBLY SCALE AND MANAGE ITS FULL EFFECTS. THE INITIATIVE INCLUDES SEVERAL WORKSTREAMS EACH DESIGNED TO TRACK AND INFORM PRESSING QUESTIONS AT THE INTERSECTION OF TECHNOLOGY AND POLICY IN NEAR REAL-TIME. THE RUBENSTEIN FELLOWSHIP IS A TWO-YEAR FELLOWSHIP THAT BRINGS A DIVERSE GROUP OF RISING STARS TO THE BROOKINGS COMMUNITY, STRENGTHENING THE BREADTH OF OUR RESEARCH AND PERSPECTIVES IN KEY AREAS OF POLICY. 1415473 1529383 BROOKINGS PRESS:THE BROOKINGS INSTITUTION PRESS PUBLISHES LONGFORM PUBLIC POLICY RESEARCH AND ANALYSIS FROM BROOKINGS SCHOLARS AND OTHER EXPERTS. THE BROOKINGS INSTITUTION PRESS PUBLISHES BOOKS ON GOVERNANCE, POLITICAL SCIENCE, ECONOMICS, FOREIGN POLICY AND OTHER FIELDS THAT ARE WIDELY DISCUSSED IN THE MEDIA, ASSIGNED IN CLASSROOMS, REFERRED TO IN LIBRARIES, AND PICKED UP IN BOOKSTORES-BOOKS THAT INFORM WITH CLARITY AND PERSUADE WITH CONVICTION. 4597272 COMMUNICATIONS AND WEB:BROOKINGS'S COMMUNICATIONS DEPARTMENT DISSEMINATES INFORMATION ABOUT THE INSTITUTION, ITS SCHOLARS AND RESEARCH, AND THE ARRAY OF RESOURCES THAT BROOKINGS OFFERS. THE COMMUNICATIONS DEPARTMENT MANAGES BROOKINGS'S PRIMARY AVENUES FOR DISTRIBUTING ITS WORK - THE INSTITUTION'S WEBSITE (WWW.BROOKINGS.EDU), SOCIAL MEDIA CHANNELS, OTHER DIGITAL COMPONENTS OF OUTREACH AND EDUCATION, AS WELL AS HOUSING THE BROOKINGS INSTITUTION PRESS. 26981279 1692096 1565895 63575115 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 414 0 1 629 1 1 1 1 QA 0 0 0 0 0 0 0 0 1 0 X 52 52 1 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 MS MN NC NJ NH NM NY OR PA RI SC TN UT VA WI WV ND X X NIKKI BAGWELL CONTROLLER 2027976000 1775 MASSACHUSETTS AVE NW WASHINGTON DC 20036 GLENN H HUTCHINS CO-CHAIR OF THE BOARD 4.00 X X 0 0 0 SUZANNE NORA JOHNSON CO-CHAIR OF THE BOARD 4.00 X X 0 0 0 ARTHUR R COLLINS VICE CHAIR OF BOARD 3.00 X X 0 0 0 LEONARD D SCHAEFFER VICE CHAIR OF BOARD 3.00 X X 0 0 0 CHERYL COHEN EFFRON TREASURER THRU 6/3/22; VC NOMINATIONS & GOVERNANCE 3.00 X X 0 0 0 DAVID WEINBERG TREASURER OF THE BOARD ON 6/3/22 3.00 X X 0 0 0 TRACY R WOLSTENCROFT SECRETARY; VC BUDGET & FINANCE 3.00 X X 0 0 0 ROBERT J ABERNETHY TRUSTEE; VC DEVELOPMENT COMMITTEE 3.00 X 0 0 0 PETER BARRIS TRUSTEE 2.00 X 0 0 0 ROBERT M BASS TRUSTEE 2.00 X 0 0 0 JEFFREY L BEWKES TRUSTEE 2.00 X 0 0 0 DAVID C BOHNETT TRUSTEE 2.00 X 0 0 0 DAVID BOZEMAN TRUSTEE 2.00 X 0 0 0 ABBY JOSEPH COHEN TRUSTEE; CHAIR INVESTMENT COMMITTEE 3.00 X 0 0 0 BETSY Z COHEN TRUSTEE 2.00 X 0 0 0 CHERYL CRAZY BULL TRUSTEE; VC DEI COMMITTEE 6/3/22 2.00 X 0 0 0 SUSAN CROWN TRUSTEE 2.00 X 0 0 0 JASON CUMMINS TRUSTEE 2.00 X 0 0 0 PAUL DESMARAIS JR TRUSTEE 2.00 X 0 0 0 BART FRIEDMAN TRUSTEE; CHAIR AUDIT COMMITTEE 3.00 X 0 0 0 ELLEN V FUTTER TRUSTEE; CHAIR NOMINATIONS & GOVERNANCE 3.00 X 0 0 0 HELENE GAYLE TRUSTEE 2.00 X 0 0 0 DAVID J GRAIN TRUSTEE 2.00 X 0 0 0 PETE HIGGINS TRUSTEE; CHAIR DEVELOPMENT COMMITTEE 3.00 X 0 0 0 VICTOR L HYMES TRUSTEE; CHAIR BUDGET & FINANCE COMMITTEE 3.00 X 0 0 0 BENJAMIN R JACOBS TRUSTEE 2.00 X 0 0 0 KENNETH M JACOBS TRUSTEE 2.00 X 0 0 0 TOM KAPLAN TRUSTEE 2.00 X 0 0 0 LAURA KARET TRUSTEE 2.00 X 0 0 0 HOSEIN KHAJEH-HOSSEINY TRUSTEE 2.00 X 0 0 0 PHILIP M KNIGHT TRUSTEE 2.00 X 0 0 0 SARA GROOTWASSINK LEWIS TRUSTEE; VC AUDIT COMMITTEE 3.00 X 0 0 0 KEVIN MANDIA TRUSTEE 2.00 X 0 0 0 CATHY MINEHAN TRUSTEE; CHAIR COMPENSATION COMMITTEE 3.00 X 0 0 0 ADITYA MITTAL TRUSTEE 2.00 X 0 0 0 BETH MOONEY TRUSTEE 2.00 X 0 0 0 OSCAR MUNOZ TRUSTEE 2.00 X 0 0 0 LAXMAN NARASIMHAN TRUSTEE 2.00 X 0 0 0 BRIAN ROGERS TRUSTEE; VC INVESTMENT COMMITTEE 3.00 X 0 0 0 GINNI ROMETTY TRUSTEE 2.00 X 0 0 0 NICOLE PULLEN ROSS TRUSTEE 2.00 X 0 0 0 TIM RYAN TRUSTEE; CHAIR DEI COMMITTEE 6/3/22 2.00 X 0 0 0 JAMES SMITH TRUSTEE; CHAIR STRATEGIC PLANNING TASK FORCE 3.00 X 0 0 0 KEVIN SNEADER TRUSTEE 2.00 X 0 0 0 DOUGLAS STEENLAND TRUSTEE 2.00 X 0 0 0 JOE STRAUS III TRUSTEE 2.00 X 0 0 0 LEE J STYSLINGER III TRUSTEE 2.00 X 0 0 0 KRISHEN SUD TRUSTEE 2.00 X 0 0 0 ANDREW TISCH TRUSTEE 2.00 X 0 0 0 E ERIC TOKAT TRUSTEE 2.00 X 0 0 0 ANTOINE W VAN AGTMAEL TRUSTEE 2.00 X 0 0 0 BEATRICE W WELTERS TRUSTEE 2.00 X 0 0 0 JOHN ALLEN PRESIDENT UNTIL 6/12/2022 40.00 X 1090659 0 80772 TED GAYER INTERIM PRESIDENT 40.00 X 509652 0 44814 MICHAEL CAVADEL VP GEN COUNSEL/ASST SEC 40.00 X 275819 0 58924 AMY LIU WITMER VP & DIR, BROOKINGS METRO 40.00 X 384126 0 43794 STEPHANIE R AARONSON VP, DIR. ECONOMIC STUDIES 40.00 X 345015 0 41126 LUCY C KIM VP, DEVELOPMENT UNTIL 9/10/21 40.00 X 240938 0 45824 ANKUR BHATT CHIEF INFORMATION OFFICER 40.00 X 314474 0 28979 BRAHIMA COULIBALY VP, DIR. GLOBAL 40.00 X 294903 0 63287 SUZANNE MALONEY VP, DIR. FOREIGN POLICY 40.00 X 316241 0 67646 CATHERINE A PIEZ CHIEF INVESTMENT OFFICER 40.00 X 365753 0 61149 DARRELL M WEST VP, DIR. GOVERNANCE STUDIES 40.00 X 373259 0 69339 JACQUELINE BASILE VP & CHIEF HR OFFICER 40.00 X 287065 0 34792 KERRY GRANNIS DEPUTY EXECUTIVE VP 40.00 X 225476 0 26300 ANDREA RISOTTO CHIEF COMMUNICATIONS OFFICER 40.00 X 190669 0 33785 APRIL MCWILLIAMS VP & CHIEF HR OFFICER 40.00 X 207415 0 44989 WILLIAM G GALE SR FELLOW & DIR, TAX POLICY CENTER 40.00 X 478032 0 69787 DAVID WESSEL SR FELLOW & DIR, HUTCHINS 40.00 X 321602 0 64022 F MARK MURO SR FELLOW, BROOKINGS METRO 40.00 X 280222 0 69787 HOMI J KHARAS SR FELLOW, DAGI 40.00 X 287962 0 34400 ALAN M BERUBE SENIOR FELLOW & DEPUTY DIRECTOR 40.00 X 277555 0 33208 IRENA BARISIC FORMER VP, CFO, ASST TREA 40.00 X 172921 0 16905 7239758 0 1033629 172 1 1 0 APFS LLC (ADDISON GROUP) 7076 SOLUTIONS CENTER CHICAGO IL 60677 RECRUITER/STAFFING AGENCY 1163266 AJILON PROFESSIONAL STAFFING DEPT CH 14031 PALATINE IL 600554031 STAFFING AGENCY 570415 ACCENTURE LLP PO BOX 70629 CHICAGO IL 60673 CONSULTING 487577 CITY SECURITY CONSULTANTS INC 2010 KENDALL STREET NE WASHINGTON DC 20002 SECURITY GUARD SERVICES 480142 ALLEY INTERACTIVE LLC 228 PARK AVE S 85467 NEW YORK NY 100031502 WEB DEVELOPMENT 276325 22 1504587 69257623 1092063 70762210 RESEARCH 900099 747918 747918 747918 3373405 -833811 4207216 233161000 189692162 43468838 43468838 43468838 1529383 596217 933166 933166 OTHER INCOME 900099 56414 56414 56414 119341951 1681084 -833811 47732468 1866421 1866421 480288 480288 23942 23942 5528269 1965275 3118254 444740 45005679 35244376 8366938 1394365 4712474 3690383 876089 146002 4063820 2973380 880719 209721 3596987 2816835 668710 111442 284355 17775 266580 244025 15925 228100 124750 124750 988161 988161 8733651 5415130 3036858 281663 104812 104812 852594 347842 464876 39876 3602853 1261410 2270039 71404 2568488 5798684 -3563204 333008 444788 320985 76332 47471 461078 385785 -99353 174646 712432 712432 2122638 21528 2101110 261406 261406 PUBLISHING 746223 716375 4127 25721 OTHER DIRECT COSTS 308599 107964 178426 22209 BOND COST AMORTIZATION 16500 16500 87855233 63575115 20853100 3427018 866235 741706 94363088 94655995 32611204 29557173 283818 862768 110133 10043 1426173 1591987 74804129 48627879 26106205 26176250 172509557 137063700 238974082 237347135 993691 992421 568244186 528999178 8703927 9287217 5958890 7842303 43836739 43036334 2609628 2357245 61109184 62523099 X 272354569 241366010 234780433 225110069 507135002 466476079 568244186 528999178 X 31486718 -72362054 216413 X 0 1 X 1 1 1 X 65378153 78430045 63041977 47454001 70762210 325066386 65378153 78430045 63041977 47454001 70762210 325066386 37046909 288019477 4379193 5024382 4246681 2345253 3373405 19368914 2618673 2599707 1899088 75838 56414 7249720 351685020 11482938 0.81900 0.82670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CAFETERIA - 2017 AMOUNT: $ 2,350,662. 2018 AMOUNT: $ 2,358,488. 2019 AMOUNT: $ 1,621,213. OTHER INCOME - 2017 AMOUNT: $ 268,011. 2018 AMOUNT: $ 241,219. 2019 AMOUNT: $ 277,875. 2020 AMOUNT: $ 75,838. 2021 AMOUNT: $ 56,414. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 268418 X 0 428429220 5427043 -26119655 21628149 1514706 384593753 341759774 181240 106955864 18892759 1574899 428429220 360740018 8941900 -8433684 17991717 1496743 341759774 372092312 563949 7210966 17596458 1530751 360740018 352446768 940249 36101245 16037736 1358214 372092312 0.60300 0.27220 0.12480 0 0 4155620 4155620 52368270 34126509 18241761 13126179 10761653 2364526 5154060 3739717 1414343 26176250 237347135 F 237347135 ACCRUED POST-RETIREMENT BENEFIT OBLIGATION 768000 DEFERRED RENT EXPENSE PAYABLE 655210 DEFERRED COMPENSATION 934035 2357245 X 45555787 -72362054 6250 -1038415 -73394219 118950006 988162 -596217 391945 119341951 86428710 6250 596217 602467 85826243 988162 1040828 2028990 87855233 PART III, LINE 4: BROOKINGS PHOTOGRAPHY COLLECTION WAS DONATED TO ENHANCE THE FACILITIES WHERE BROOKINGS SCHOLARS WORK AND CONVENE PUBLIC POLICY AND EDUCATIONAL EVENTS. THE COLLECTION CONTRIBUTES TO AN ATMOSPHERE THAT PROMOTES BETTER ENGAGEMENT WITH OTHER PUBLIC POLICY STAKEHOLDERS THROUGH CONVERSATION AND INTERACTION. PART V, LINE 4: BROOKINGS CAREFULLY BALANCES ITS FUNDING TO RESPOND TO CURRENT POLICY ISSUES AS WELL AS UNDERTAKE LONG-TERM RESEARCH PROJECTS. AS NEW CHALLENGES EMERGE, THE ENDOWMENT IS USED TO MAKE NEW RESEARCH PROJECTS POSSIBLE, SUPPORTING CORE ADMINISTRATIVE COSTS, AS WELL AS SCHOLAR-DRIVEN RESEARCH. PART X, LINE 2: BROOKINGS IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND HAS BEEN DESIGNATED BY THE IRS AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A)(1) OF THE CODE. BROOKINGS ENGAGES IN CERTAIN ACTIVITIES THAT PRODUCE UNRELATED BUSINESS INCOME, AS DEFINED BY FEDERAL INCOME TAX REGULATIONS. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. BROOKINGS FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF JUNE 30, 2022, AND FOR THE YEAR THEN ENDED, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. GENERALLY, BROOKINGS IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN/(LOSS) ON FOREIGN CURRENCY EXCHANGE 2,413. OTHER EXPENSES RECLASS TO FUNCTIONAL EXPENSE -1,040,828. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B -596,217. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 596,217. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER EXPENSES RECLASS FROM STATEMENT OF REVENUE 1,040,828. 1 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 16968957 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 83107366 EAST ASIA AND THE PACIFIC 0 0 PROGRAMMATIC ACTIVITIES PUBLIC POLICY RESEARCH 117773 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAMMATIC ACTIVITIES PUBLIC POLICY RESEARCH 252706 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAMMATIC ACTIVITIES PUBLIC POLICY RESEARCH 5450 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO ORGANIZATIONS LOCATED IN THE REGION 18293 NORTH AMERICA 0 0 PROGRAMMATIC ACTIVITIES PUBLIC POLICY RESEARCH 100848 SOUTH AMERICA 0 0 PROGRAMMATIC ACTIVITIES PUBLIC POLICY RESEARCH 148677 SOUTH ASIA 0 0 PROGRAMMATIC ACTIVITIES PUBLIC POLICY RESEARCH 51445 SUB-SAHARAN AFRICA 0 0 PROGRAMMATIC ACTIVITIES PUBLIC POLICY RESEARCH 184463 SUB-SAHARAN AFRICA 0 0 GRANTS TO ORGANIZATIONS LOCATED IN THE REGION 5649 0 0 0 0 0 0 100720070 241557 100961627 MIDDLE EAST AND NORTH AFRICA RESEARCH COLLABORATION 18293 0 1 0 0 0 0 0 1 1 PART I, LINE 2: THE BROOKINGS INSTITUTION MAINTAINS RECORDS OF HOW ITS FUNDS ARE USED AND VERIFIES THROUGH REGULAR REPORTS AND COMMUNICATIONS THAT GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES ARE USED IN A MANNER CONSISTENT WITH THE PURPOSE OF THE SUPPORT AS WELL AS BROOKINGS'S CHARITABLE MISSION. PART III ACCOUNTING METHOD: X X X X X X 1 JENNY CHIANG EDUCATION CONSULTANTS 1404 ROMEO COURT MCLEAN VA 22102 CONSULTED ON DEVELOPMENT TEAM FUNDRAISING 0 0 124750 -124750 124750 -124750 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC 1 AMERICAN UNIVERSITY 4400 MASSACHUSETTS AVENUE NW WASHINGTON DC 20016 530196549 501(C)(3) 49378 0 RESEARCH COLLABORATION CHILD TRENDS INC 7315 WISCONSIN AVE STE 1200W BETHESDA MD 20814 132982969 501(C)(3) 15000 0 RESEARCH COLLABORATION RESULTS FOR DEVELOPMENT INSTITUTE INC 1111 19TH STREET NW SUITE 700 WASHINGTON DC 20036 208530747 501(C)(3) 1234592 0 RESEARCH COLLABORATION THE CATHOLIC UNIVERSITY OF AMERICA 620 MICHIGAN AVE NE WASHINGTON DC 20064 530196583 501(C)(3) 29433 0 RESEARCH COLLABORATION THE HOWARD UNIVERSITY 2244 10TH STREET ROOM 302 WASHINGTON DC 20059 530204707 501(C)(3) 55000 0 RESEARCH COLLABORATION THE NEW SCHOOL 66 WEST 12TH STREET NEW YORK NY 10011 133297197 501(C)(3) 281250 0 RESEARCH COLLABORATION THE URBAN INSTITUTE 500 LENFANT PLZ SW WASHINGTON DC 20024 520880375 501(C)(3) 25000 0 RESEARCH COLLABORATION UNIVERSITY OF CALIFORNIA BERKELEY 336 SPROUL HALL MAIL CODE 5940 BERKELEY CA 94720 946090626 501(C)(3) 41409 0 RESEARCH COLLABORATION GEORGE WASHINGTON UNIVERSITY 44983 KNOLL SQUARE SUITE 265 ASHBURN VA 20147 530196584 501(C)(3) 75000 0 RESEARCH COLLABORATION UNIVERSITY OF CALIFORNIA SAN DIEGO 9500 GILMAN DRIVE LA JOLLA CA 92093 956006144 501(C)(3) 40000 0 RESEARCH COLLABORATION YOUNG 1OVE FOUNDATION 2028 E BEN WHITE BLVD AUSTIN TX 78741 364803179 501(C)(3) 20359 0 RESEARCH COLLABORATION 11 0 FELLOWSHIP STIPENDS 12 480288 PART I, LINE 2: BROOKINGS DOES NOT GENERALLY ISSUE GRANTS TO OTHER ORGANIZATIONS, BUT AS A GRANT RECIPIENT, OCCASIONALLY ISSUES SUBGRANTS TO COLLABORATING INSTITUTIONS. SUBGRANTS ARE ISSUED PURSUANT TO WRITTEN AGREEMENTS SPECIFYING THE CHARITABLE PURPOSES FOR WHICH THE SUBGRANT IS MADE AND REQUIRING REGULAR REPORTING AND OTHER COMPLIANCE COVENANTS ON THE PART OF THE RECIPIENT. BROOKINGS ALSO ISSUES FELLOWSHIP STIPENDS AND/OR HONORARIA TO INDIVIDUALS, WHOSE WORK IS SUPERVISED BY A BROOKINGS COUNTERPART WITH FINANCES AND INDIVIDUALS. THESE DISBURSEMENTS ARE ISSUED AND MONITORED THROUGH STANDARD FINANCIAL MANAGEMENT PROCESSES AND THE CORRESPONDING BROOKINGS ACTIVITIES ARE SUPERVISED BY BROOKINGS SCHOLARS. X X X X X 0 0 0 0 0 0 0 1 0 JOHN ALLEN PRESIDENT UNTIL 6/12/2022 939606 0 150000 0 1053 0 54300 0 27304 0 1172263 0 0 0 TED GAYER INTERIM PRESIDENT 467621 0 32200 0 9831 0 44814 0 832 0 555298 0 0 0 WILLIAM G GALE SR FELLOW & DIR, TAX POLICY CENTER 454922 0 22120 0 990 0 34800 0 35819 0 548651 0 0 0 DARRELL M WEST VP, DIR. GOVERNANCE STUDIES 354388 0 17900 0 971 0 43447 0 26724 0 443430 0 0 0 AMY LIU WITMER VP & DIR, BROOKINGS METRO 365259 0 18000 0 867 0 43794 0 832 0 428752 0 0 0 CATHERINE A PIEZ CHIEF INVESTMENT OFFICER 358895 0 6000 0 858 0 34800 0 27179 0 427732 0 0 0 STEPHANIE R AARONSON VP, DIR. ECONOMIC STUDIES 328370 0 16300 0 345 0 39469 0 4685 0 389169 0 0 0 DAVID WESSEL SR FELLOW & DIR, HUTCHINS 315630 0 5000 0 972 0 34800 0 30054 0 386456 0 0 0 SUZANNE MALONEY VP, DIR. FOREIGN POLICY 300596 0 15300 0 345 0 37103 0 31375 0 384719 0 0 0 BRAHIMA COULIBALY VP, DIR. GLOBAL 294553 0 0 0 350 0 36165 0 27954 0 359022 0 0 0 F MARK MURO SR FELLOW, BROOKINGS METRO 279232 0 0 0 990 0 34800 0 35819 0 350841 0 0 0 ANKUR BHATT CHIEF INFORMATION OFFICER 263749 0 31000 0 19725 0 7513 0 22838 0 344825 0 0 0 MICHAEL CAVADEL VP GEN COUNSEL/ASST SEC 257282 0 13000 0 5537 0 32301 0 27455 0 335575 0 0 0 HOMI J KHARAS SR FELLOW, DAGI 286716 0 0 0 1246 0 34400 0 832 0 323194 0 0 0 JACQUELINE BASILE VP & CHIEF HR OFFICER 271268 0 15000 0 797 0 32792 0 2832 0 322689 0 0 0 ALAN M BERUBE SENIOR FELLOW & DEPUTY DIRECTOR 277330 0 0 0 225 0 33208 0 832 0 311595 0 0 0 LUCY C KIM VP, DEVELOPMENT UNTIL 9/10/21 211262 0 14500 0 15176 0 25910 0 20874 0 287722 0 0 0 APRIL MCWILLIAMS VP & CHIEF HR OFFICER 197761 0 6629 0 3025 0 24565 0 21255 0 253235 0 0 0 KERRY GRANNIS DEPUTY EXECUTIVE VP 219174 0 6000 0 302 0 26300 0 832 0 252608 0 0 0 ANDREA RISOTTO CHIEF COMMUNICATIONS OFFICER 181769 0 8750 0 150 0 22145 0 12712 0 225526 0 0 0 IRENA BARISIC FORMER VP, CFO, ASST TREA 136334 0 0 0 36587 0 16391 0 1160 0 190472 0 0 0 PART I, LINE 7 AMOUNT PRESENTED IN SCHEDULE J, PART II, COLUMN B(II) REPRESENTS PERFORMANCE BONUSES. A DISTRICT OF COLUMBIA VARIABLE RATE REVENUE BONDS SERIES 2020 536001131 2020-05-21 44952570 MODIFICATION OF 2015 SERIES BOND 0 0 0 A 1620611 44952570 330000 44622570 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 X 15 1092063 FMV 0 0 1 0 PART I, COLUMN (B): THIS FIGURE REFLECTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PAGE 2, PART III, MISSION STATEMENT THE BROOKINGS INSTITUTION (BROOKINGS) IS A NONPROFIT PUBLIC POLICY ORGANIZATION THAT CONDUCTS IN-DEPTH, INDEPENDENT RESEARCH THAT LEADS TO NEW IDEAS FOR SOLVING PROBLEMS FACING SOCIETY AT THE LOCAL, NATIONAL, AND GLOBAL LEVEL. HEADQUARTERED IN WASHINGTON, DC, BROOKINGS IS ORGANIZED INTO FIVE RESEARCH PROGRAMS THAT FOCUS ON DOMESTIC AND INTERNATIONAL ECONOMICS, FOREIGN POLICY, SUSTAINABLE DEVELOPMENT, GOVERNANCE, AND METROPOLITAN POLICY. BROOKINGS ACHIEVES IMPACT BY PROVIDING POLICY ANALYSIS AND RECOMMENDATIONS ON PRESSING POLICY CHALLENGES, WHICH ARE DISSEMINATED THROUGH REPORTS, BOOKS, MEDIA APPEARANCES, OP-EDS, BLOG POSTS, MEETINGS, EVENTS, CONGRESSIONAL TESTIMONY, AND BRIEFINGS. FORM 990, PART VI, SECTION A, LINE 2 - BROOKINGS TRUSTEES CHERYL COHEN EFFRON AND ELLEN FUTTER - BUSINESS RELATIONSHIP (AMERICAN MUSEUM OF NATURAL HISTORY). - BROOKINGS TRUSTEES GLENN HUTCHINS AND BETH MOONEY - BUSINESS RELATIONSHIP (AT&T BOARD). - BROOKINGS TRUSTEES HELENE GAYLE AND DAVID WEINBERG - BUSINESS RELATIONSHIP (COCA-COLA BOARD). - BROOKINGS TRUSTEES BART FRIEDMAN AND LAURA KARET - BUSINESS RELATIONSHIP (GIANT EAGLE). - BROOKINGS TRUSTEES SUZANNE NORA JOHNSON AND JAMES SMITH - BUSINESS RELATIONSHIP (PFIZER BOARD) FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE UPDATED TO REFLECT CHANGES REGARDING THE ELECTION AND TENURE OF TRUSTEES AND COMMITTEE MEMBERS; UPDATES TO BOARD COMMITTEE PROCEDURES AND REMIT, INCLUDING THE CREATION OF A DIVERSITY, EQUITY AND INCLUSION COMMITTEE; ADDITIONAL RESTRICTIONS WITH RESPECT TO ANY TRUSTEE COMPENSATION; AND AN UPDATE TO RULES REGARDING TRUSTEE INDEMNIFICATION CONSISTENT WITH APPLICABLE LAW. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS APPOINTED THE AUDIT COMMITTEE OF THE BOARD AS THE RESPONSIBLE PARTY FOR REVIEWING THE FORM 990 AND 990T EACH YEAR. THE 990 IS REVIEWED INTERNALLY BY THE SENIOR VICE PRESIDENT OF FINANCE AND CHIEF OPERATING OFFICER, THE CONTROLLER, THE GENERAL COUNSEL, AND OTHER MEMBERS OF THE SENIOR STAFF, ALONG WITH THE AUDIT COMMITTEE. ONCE THESE REVIEWS ARE COMPLETED AND THE DOCUMENT HAS BEEN APPROVED, IT IS SENT TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, BROOKINGS PERSONNEL ARE REQUIRED TO COMPLETE A DISCLOSURE AND ACKNOWLEDGMENT FORM RELATED TO THE INSTITUTION'S CONFLICT OF INTEREST POLICY. SPECIFICALLY, ALL EMPLOYEES AND RESIDENT AFFILIATES ARE REQUIRED TO: - ACKNOWLEDGE THAT THEY HAVE READ, UNDERSTOOD, AND ARE COMMITTED TO ABIDING BY THE INSTITUTION'S CONFLICT OF INTEREST POLICY AS WELL AS CERTAIN OTHER INSTITUTIONAL POLICIES; AND - MAKE CERTAIN DISCLOSURES ABOUT THEIR OUTSIDE ACTIVITIES AND FINANCES TO HELP IDENTIFY CONFLICTS OF INTEREST. FORMS ARE SUBMITTED TO THE OFFICE OF THE GENERAL COUNSEL, WHICH REVIEWS THEM AND HAS DISCRETION TO MAKE RECOMMENDATIONS OR RAISE CONCERNS WITH RELEVANT INDIVIDUALS AS APPROPRIATE. THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE AN ANNUAL QUESTIONNAIRE AND CONFLICT OF INTEREST AFFIRMATION THAT: - CONFIRMS THEIR RECEIPT, UNDERSTANDING, AND COMPLIANCE WITH THE INSTITUTION'S CONFLICT OF INTEREST POLICIES THAT RELATE TO BOARD MEMBERS AS WELL AS OTHER INSTITUTIONAL POLICIES; AND - DISCLOSES RELEVANT INFORMATION ABOUT THEIR FAMILY AND BUSINESS RELATIONSHIPS, TRANSACTIONS AND LOANS, AND OTHER RELEVANT RELATIONSHIPS WITH BROOKINGS. ISSUES INVOLVING CONFLICTS OF INTEREST ARE RESOLVED BY THE GENERAL COUNSEL, IN CONSULTATION WITH OTHER MEMBERS OF SENIOR MANAGEMENT, AS APPROPRIATE. THE GENERAL COUNSEL CONFERS WITH THE CHAIR OF THE AUDIT COMMITTEE, AS APPROPRIATE, REGARDING THE INSTITUTION'S CONFLICT OF INTEREST POLICY AND OTHER CONFLICT OF INTEREST ISSUES. CONFLICT OF INTEREST ISSUES INVOLVING TRUSTEES MAY BE REFERRED TO THE AUDIT COMMITTEE CHAIR, THE FULL AUDIT COMMITTEE, AND/OR THE BOARD CO-CHAIRS, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTION'S BYLAWS PROVIDE FOR A COMPENSATION COMMITTEE CONSISTING OF NOT FEWER THAN FIVE TRUSTEES, INCLUDING THE CHAIR (OR CO-CHAIRS) OF THE BOARD OF TRUSTEES AND AT LEAST THREE OTHER TRUSTEES WHO SHALL BE NOMINATED BY THE CHAIR (OR CO-CHAIRS) OF THE BOARD AND DETERMINED BY THE BOARD TO BE FREE OF ANY CONTRACTUAL OR OTHER RELATIONSHIPS THAT WOULD PUT INTO QUESTION THE EXERCISE OF HIS OR HER INDEPENDENT JUDGMENT. THE COMPENSATION COMMITTEE HAS THE AUTHORITY TO SET THE SALARY AND OTHER COMPENSATION OF THE PRESIDENT, AND REVIEWS THE COMPENSATION OF SUCH OTHER OFFICERS AND KEY EMPLOYEES AS MAY BE REPORTED ON BY THE PRESIDENT, OR RECOMMENDED BY THE EXECUTIVE COMMITTEE OR AUDIT COMMITTEE. WHEN SETTING OR REVIEWING SUCH SALARIES OR OTHER COMPENSATION, THE COMPENSATION COMMITTEE REVIEWS RELEVANT SALARY COMPARABILITY DATA AND SUBSEQUENTLY RECORDS COMMITTEE MINUTES THAT DOCUMENT THE COMMITTEE'S DECISIONS AND THE RATIONALE UNDERLYING SUCH DECISIONS. THE COMMITTEE REGULARLY USES AN OUTSIDE CONSULTANT TO ESTABLISH SALARY COMPARABLE AND TO DETERMINE THE REASONABLENESS OF THE COMPENSATION RECEIVED BY ALL DISQUALIFIED PERSONNEL. FORM 990, PART VI, SECTION C, LINE 19 BROOKINGS MAKES THE RELEVANT DOCUMENTS AVAILABLE TO THE PUBLIC AS FOLLOWS: - BROOKINGS'S CONFLICT OF INTEREST POLICY, AS WELL AS SUMMARIES OF OTHER KEY POLICIES ARE AVAILABLE ON ITS WEBSITE; - BROOKINGS'S AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON ITS WEBSITE; AND - BROOKINGS'S WEBSITE PROVIDES A LINK TO GUIDESTAR.ORG TO PROVIDE THE FORM 990. FORM 990, PART XI, LINE 9: GAIN/(LOSS) ON FOREIGN CURRENCY EXCHANGE 2,413. EFFECT OF ADOPTION PROVISIONS SFAS NO. 158 214,000.