2023-06-27T13:51:50-05:00 2022-12-31 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2022-01-01 237327730 THE HERITAGE FOUNDATION HERI 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 KEVIN ROBERTS PRESIDENT 2025464400 2023-11-15 1 KEVIN ROBERTS XXX-XX-XXXX 0 KRISTEN BARNETT P01234578 8133162300 2023-06-26 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN ROBERTS 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 140097984 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 15 499 10 0 0 75262071 95083025 33811 33862 25519589 9482864 967561 1729773 101783032 106329524 174813 1676750 0 0 41277344 44116435 2438710 2385370 16378589 41918216 45489561 85809083 93668116 15973949 12661408 421262128 387665165 53989966 55677294 367272162 331987871 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. 1 0 32618988 1575000 33862 EDUCATIONAL PROGRAMS AND COMMUNICATIONS:THE HERITAGE FOUNDATION ("THF OR "THE FOUNDATION") HOSTS EVENTS AND SPONSORS PROGRAMS TO EDUCATE GOVERNMENT OFFICIALS, THE ACADEMIC COMMUNITY, JOURNALISTS, AND THE GENERAL PUBLIC ON TOPICS RANGING FROM THE FOUNDING FATHERS AND CIVIL SOCIETY TO POLITICAL PHILOSOPHY AND LEGAL PRINCIPLES. IN 2022, THF'S EVENTS & PUBLIC PROGRAMING TEAM PRODUCED 89 LIVE AND VIRTUAL PUBLIC EVENTS, ATTRACTING 15,974 VIRTUAL AND IN-PERSON ATTENDEES. HERITAGE'S RESOURCE BANK MEETING CONVENED OVER 400 CONSERVATIVE MOVEMENT LEADERS, DONORS, AND EXPERTS IN POLICY RESEARCH, CIVIC ENGAGEMENT, AND COMMUNICATION FOR THREE DAYS OF STRATEGY SESSIONS, COLLABORATION, AND EDUCATIONAL PROGRAMMING. (CONTINUED ON SCHEDULE O)THF'S INTERN PROGRAM HOSTED A TOTAL OF 161 INTERNS IN A FULLY IMMERSIVE WORK-STUDY EXPERIENCE. 199 YOUNG PROFESSIONALS PARTICIPATED IN THF'S ONLINE EDUCATIONAL SERIES, THE ACADEMY. THERE WERE 202 TOTAL PARTICIPANTS IN THE SPRING AND SUMMER ACADAMY CLASSES. THF'S GOVERNMENT RELATIONS HOSTED 174 POLICY BRIEFING EVENTS IN 2022 WITH PARTICIPATION FROM MULTIPLE CONGRESSIONAL OFFICES. PARTICIPANTS INCLUDED MEMBERS OF CONGRESS LEGISLATIVE STAFFERS, COMMUNICATIONS DIRECTORS, AND CHIEFS OF STAFF. ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2022 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 31538915 30000 PUBLIC POLICY RESEARCH:THE HERITAGE FOUNDATION PRODUCES RESEARCH PAPERS ANNUALLY, INCLUDING ISSUE BRIEFS, BLOG POSTS, FACT SHEETS, BACKGROUNDERS, GUIDES, AND BOOKS ADDRESSING A BROAD RANGE OF ECONOMIC, DOMESTIC, DEFENSE, FOREIGN, AND SOCIAL POLICY ISSUES. THF PUBLISHED 58 ISSUE BRIEFS, 66 BACKGROUNDERS, 27 LEGAL MEMORANDA, 15 FACTSHEETS AND 12 SPECIAL REPORTS. THESE PUBLICATIONS ANALYZE BOTH 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, WHICH IS VISITED BY MILLIONS. (CONTINUED ON SCHEDULE O)ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2022 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 11284598 71750 MEDIA. GOVERNMENT RELATIONS, AND OUTREACH:THE HERITAGE 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 HERITAGE 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. THF DELIVERED 25 CONGRESSIONAL TESTIMONIES AND 9 STATE LEGISLATIVE TESTIMONIES. (CONTINUED ON SCHEDULE O) THF'S ANALYSTS MADE OVER 6,400 RADIO, PODCAST, AND TELEVISION APPEARANCES IN 2022 AND EARNED OVER 1,200 OP-ED PLACEMENTS IN MAJOR PRINT AND ONLINE MEDIA OUTLETS. THF EXPERTS WERE QUOTED OR MENTIONED OVER 5000 TIMES IN MAJOR PUBLICATIONS. THF CONDUCTED A NEW HOUSE MEMBER ORIENTATION WHICH HAD 19 ATTENDEES AND CONDUCTED 67 CANDIDATE BRIEFINGS. WITH INPUT FROM OUR IN-HOUSE EXPERTS, ALLIES IN THE MOVEMENT, AND OUR DONORS, THF ANNOUNCED SEVEN POLICY PRIORITIES: 1-EMPOWER PARENTS TO MAKE EDUCATION CHOICES 2-REVERSE THE GROWTH OF SPENDING AND INFLATION 3-MARGINALIZE BIG TECH'S INFLUENCE 4- PROTECT UNBORN LIFE AND FAMILY FORMATION 5-SECURE AMERICA'S BORDERS AND REDUCE CRIME 6-ENSURE FREE AND FAIR ELECTIONS 7-COUNTER THE THREAT OF COMMUNIST CHINA.ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2022 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 75442501 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 1 1 0 1 0 0 0 1 1 1 0 1 0 1 X 196 0 1 499 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 15 0 0 0 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 X 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 J FEULNER PHD CONSULTANT & TRUSTEE 8.00 0.00 X 0 0 0 EDWIN MEESE III CONSULTANT & TRUSTEE 6.00 0.00 X 76000 0 0 LARRY P ARNN PHD TRUSTEE 2.00 0.00 X 0 0 0 JOHN COLEMAN TRUSTEE 2.00 0.00 X 0 0 0 MALCOLM STEVENSON FORBES JR TRUSTEE 2.00 0.00 X 0 0 0 ROBERT P GEORGE TRUSTEE 2.00 0.00 X 0 0 0 RYAN HAGGERTY TRUSTEE 2.00 0.00 X 0 0 0 PRICE HARDING TRUSTEE 2.00 0.00 X 0 0 0 VIRGINIA HECKMAN TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM J HUME TRUSTEE 2.00 2.00 X 0 0 0 KAY COLES JAMES TRUSTEE; FORMER PRESIDENT 2.00 0.00 X 464609 0 15250 MARK A KOLOKOTRONES TRUSTEE 2.00 0.00 X 0 0 0 REBEKAH A MERCER TRUSTEE 2.00 2.00 X 0 0 0 HON J WILLIAM MIDDENDORF II TRUSTEE 2.00 0.00 X 0 0 0 ABBY SPENCER MOFFAT TRUSTEE 2.00 0.00 X 0 0 0 NERSI NAZARI PHD TRUSTEE 2.00 2.00 X 0 0 0 ROBERT PENNINGTON TRUSTEE 2.00 0.00 X 0 0 0 ANTHONY J SALIBA TRUSTEE 2.00 0.00 X 0 0 0 THOMAS A SAUNDERS III TRUSTEE 2.00 0.00 X 0 0 0 BRIAN TRACY TRUSTEE 2.00 0.00 X 0 0 0 DERRICK MORGAN EXECUTIVE VICE PRESIDENT 40.00 0.00 X 286062 0 39203 ERIC KORSVALL CHIEF OPERATING OFFICER 40.00 0.00 X 336050 0 67027 JOHN BACKIEL VP, FINANCE & ACCOUNTING 40.00 0.00 X 278763 0 64833 THOMAS BINION VP, GOV'T RELATIONS 40.00 0.00 X 218622 0 55535 ROBERT BLUEY VP, COMMUNICATIONS 40.00 0.00 X 289797 0 66312 CHRISTOPHER BYRNES GENERAL COUNSEL & SECRETARY 40.00 0.00 X 265356 0 62063 JAMES CARAFANO VP, DAVIS INST. FOR NAT'L SECURITY 40.00 0.00 X 313765 0 37450 WESLEY DYCK VP, PERSONNEL 40.00 0.00 X 234656 0 13455 KEVIN ROBERTS PRESIDENT 40.00 0.00 X 622489 0 46391 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 40.00 0.00 X 289782 0 56269 ANDREW OLIVASTRO VP, OUTREACH 40.00 0.00 X 212985 0 49700 ANGELA SAILOR VP, FEULNER INSTITUTE 40.00 0.00 X 52370 0 16105 ROGER SEVERINO VP, DOMESTIC POLICY 40.00 0.00 X 196731 0 33757 JACK SPENCER SR. RESEARCH FELLOW 40.00 0.00 X 254162 0 49532 BRIDGETT WAGNER EXEC. DIR., FEULNER INSTITUTE 40.00 0.00 X 274433 0 49271 ANDREW MCINDOE VP, DEVELOPMENT 40.00 0.00 X 337269 0 52956 CHAD BAREFOOT DIRECTOR, DONOR RELATIONS 40.00 0.00 X 263346 0 43130 PAUL WINFREE DISTINGUISHED FELLOW IN ECONOMIC POLICY 40.00 0.00 X 309979 0 59466 CHARLES STIMSON DEPUTY DIR, EDWIN MEESE CENTER 40.00 0.00 X 285939 0 58623 GENEVIEVE WOOD COUNSELOR & SPOKESPERSON 40.00 0.00 X 275750 0 47282 CARSTEN WALTER SR. DIR, DEVELOPMENT OPERATIONS 40.00 0.00 X 266896 0 66941 6405811 0 1050551 150 0 1 0 DPR CONSTRUCTION 1450 VETERANS BLVD REDWOOD CITY CA 94063 CONSTRUCTION 4406545 BOGNET CONSTRUCTION ASSOCIATES INC 8224 OLD COURTHOUSE ROAD VIENNA VA 22182 CONSTRUCTION 1752790 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVENUE MESA AZ 85210 CONSULTANTS ON FUNDRAISING 1534979 CONRAD DIRECT INC 300 KNICKERBOCKER RD CRESSKILL NJ 07626 MAILING CONTACT MGMT 1066586 MERKLE RESPONSE SERVICES INC 100 JAMISON COURT HAGERSTOWN MD 21740 MAILING CONTACT MGMT 1055352 49 95083025 2483456 95083025 MEDIA & PUBLICATION 513190 33862 33862 33862 2089703 2089703 18470 18470 778789 1433952 -655163 -655163 -655163 39727669 32295762 38746 7431907 -38746 7393161 7393161 OTHER INCOME 900099 2366466 2366466 2366466 106329524 33862 0 11212637 1676750 1676750 5944854 5014241 99314 831299 29817239 25145563 497209 4174467 1765782 1418808 35816 311158 4065110 3566985 53086 445039 2523450 2032752 51183 439515 302255 252225 35449 14581 101379 84589 1751 15039 2385370 2385370 839546 676443 17012 146091 7373204 6815275 70096 487833 3172988 2411710 104919 656359 13623460 10508571 25246 3089643 3579409 2429964 52792 1096653 3805992 3111205 434691 260096 1776282 1305176 39020 432086 5514066 4568522 174840 770704 397273 320021 8058 69194 3199477 2577322 64895 557260 199429 156826 34617 7986 DUES & SUBSCRIPTIONS 1114137 956049 41133 116955 BOOKS & PRODUCTS 330204 262400 4178 63626 HONORARIA/WRITER'S FEES 86943 85443 1500 OTHER EXPENSES 73517 65661 1721 6135 93668116 75442501 1847026 16378589 X 13688327 12082930 0 1605397 1099 2324 25688310 31156430 6067721 28322751 232618 145225 1145824 2361949 153216825 51976256 96132451 101240569 193610757 134208492 96993081 83594147 1390267 6633278 421262128 387665165 9373658 9351311 32044866 35211409 12571442 11114574 53989966 55677294 X 273388431 227926925 93883731 104060946 367272162 331987871 421262128 387665165 X 12661408 -53294859 5349160 X X 0 1 X 1 0 X 75564341 116941941 65877330 75262071 95083025 428728708 75564341 116941941 65877330 75262071 95083025 428728708 68981477 359747231 764570 469710 1898026 3131192 2886962 9150460 1517838 1441168 1655442 1705646 2366466 8686560 446565728 1319450 0.80560 0.85320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 94262522 94262522 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 245933731 1301000 -38761532 12180535 1002361 195290303 216474428 448633 40285428 10230554 1044204 245933731 206439566 1345701 19609287 10119068 801058 216474428 160512607 29295514 28302761 10503428 1167888 206439566 173622149 6850506 -11617790 7595806 746452 160512607 0.63400 0.22030 0.14570 0 0 12828701 12828701 129335075 42150725 87184350 7635345 7171261 464084 3417704 2654270 763434 101240569 INVESTMENTS IN ALTERNATIVES & LP'S 70474948 F TRUSTS & ANNUITIES 13119199 F 83594147 DEFERRED COMPENSATION PLAN 2708356 SPLIT-INTEREST AGREEMENTS 8406218 11114574 X 58978231 -53294859 5349160 -47945699 106923930 839546 -1433952 -594406 106329524 94262522 1433952 1433952 92828570 839546 839546 93668116 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 HERITAGE FOUNDATION ("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 OF TRUSTEES, 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 HERITAGE FOUNDATION'S ("THE FOUNDATION") CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022: THE HERITAGE 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 HERITAGE FOUNDATION HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY AND IS NOT A PRIVATE FOUNDATION. CONTRIBUTIONS TO THE HERITAGE 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, 2022 AND 2021. 3RD STREET PROPERTIES, LLC, MASSACHUSETTS AVENUE PROPERTIES, LLC AND INTERN HOUSING, LLC ARE LIMITED LIABILITY COMPANIES WHOSE SOLE MEMBER IS THE HERITAGE 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 5,462,412. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -70,748. CONTRIBUTION RESCINDED -42,504. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES -1,433,952. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES 1,433,952. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 979 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 1791 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 158090 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 4344 NORTH AMERICA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 3611 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 1398 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 18382454 0 0 0 0 0 0 18552667 0 18552667 1 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X 1 ODELL SIMMS & LYNCH INC 1593 SPRING HILL ROAD SUITE 450 TYSONS CORNER VA 22182 CONSULTANTS ON DIRECT MAIL PROGRAM 0 10310126 555464 9754662 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVENUE MESA AZ 85210 CONSULTANTS ON FUNDRAISING 0 6047493 1255128 4792365 WARFIELD & WALSH INC 601 S WASHINGTON STREET ALEXANDRIA VA 223143004 CONSULTANTS ON DIRECT MAIL PROGRAM 0 2257296 404559 1852737 THREE CREATIVE INC 10211 WINCOPIN CIRCLE 100 COLUMBIA MD 21044 CONSULTANTS ON DIRECT MAIL PROGRAM 0 976430 159956 816474 HSP DIRECT 20130 LAKEVIEW CENTER PLAZA SUITE ASHBURN VA 20147 CONSULTANTS ON DIRECT MAIL PROGRAM 0 40726 10263 30463 19632071 2385370 17246701 AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT 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: MDS COMMUNICATIONS CORPORATION PRINTING: $124,886 POSTAGE: $23,657 LIST RENTAL: $14,803 TRAVEL: $1,044 CONSULTING (NON-FUNDRAISING): $265,048 NAME OF FUNDRAISER: ODELL, SIMMS & LYNCH, INC. PRINTING: $55,772 NAME OF FUNDRAISER: WARFIELD & WALSH, INC. PRINTING: $8,074 1 HERITAGE ACTION FOR AMERICA 214 MASSACHUSETTS AVE NE STE 400 WASHINGTON DC 20002 272244700 501(C)(4) 400000 0 PUBLIC POLICY EDUCATION THOMAS JEFFERSON INSTITUTE 7011 DREAMS WAY COURT ALEXANDRIA VA 22315 510280185 501(C)(3) 150000 0 INNOVATION PRIZE VICTIMS OF COMMUNISM MEMORIAL 900 15TH STREET NW WASHINGTON DC 20005 521920858 501(C)(3) 150000 0 INNOVATION PRIZE INDEPENDENT WOMEN'S FORUM 4 WEEMS LAN 312 WINCHESTER VA 22601 541670627 501(C)(3) 100000 0 INNOVATION PRIZE STATE FINANCIAL OFFICERS FOUNDATION 13851 WEST 63RD STREET STE 405 SHAWNEE KS 66216 462604771 501(C)(3) 100000 0 INNOVATION PRIZE ALLIANCE DEFENDING FREEDOM 15100 NORTH 90TH STREET SCOTTSDALE AZ 85260 541660549 501(C)(3) 100000 0 INNOVATION PRIZE FORGE LEADERSHIP NETWORK 707 MIAMISBURG-CENTREVILLE RD 202 DAYTON OH 45459 472275305 501(C)(3) 100000 0 INNOVATION PRIZE DEFENSE OF FREEDOM INSTITUTE 1765 DUKE STREET ALEXANDRIA VA 22314 871196853 501(C)(3) 100000 0 INNOVATION PRIZE TEXAS PUBLIC POLICY FOUNDATION 901 CONGRESS AVENUE AUSTIN TX 78701 742524057 501(C)(3) 75000 0 INNOVATION PRIZE GEORGIA CENTER FOR OPPORTUNITY 333 RESEARCH COURT STE 210 PEACHTREE CORNERS GA 30092 581928520 501(C)(3) 75000 0 INNOVATION PRIZE PELICAN INSTITUTE FOR PUBLIC POLICY 400 POYDRAS STREET STE 900 NEW ORLEANS LA 70130 261704791 501(C)(3) 75000 0 INNOVATION PRIZE SUSAN B ANTHONY LIST INC 2800 SHIRLINGTON ROAD STE 1200 ARLINGTON VA 22206 541850126 501(C)(3) 65000 0 INNOVATION PRIZE AMERICANS UNITED FOR LIFE 1150 CONNECTICUT AVE NW STE 500 WASHINGTON DC 20036 363906065 501(C)(3) 60000 0 INNOVATION PRIZE READY WILLING & WORKING 1451 PENNSYLVANIA AVENUE SE WASHINGTON DC 20003 262383012 501(C)(3) 41000 0 GENERAL OPERATIONS MOMS FOR LIBERTY 981 EAST EAU GALLIE BLVD STE E BOX 13123 MELBOURNE FL 32937 854331724 501(C)(4) 25000 0 SALVATORI PRIZE FOR CITIZENSHIP STATE GOVERNMENT LEADERSHIP FOUNDATION 1201 F STREET NW STE 675 WASHINGTON DC 20004 200505849 501(C)(4) 25000 0 PUBLIC POLICY EDUCATION 13 3 PART I, LINE 2: THE HERITAGE FOUNDATION ("THF") 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. THF IS NOT A GRANT-MAKING ORGANIZATION. THE PRIZES AND/OR GRANTS THAT WERE AWARDED TO QUALIFYING ORGANIZATIONS IN 2022 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 THF'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 1 0 0 0 0 0 0 1 0 KEVIN ROBERTS PRESIDENT 510050 0 102425 0 10014 0 15250 0 37732 0 675471 0 0 0 KAY COLES JAMES TRUSTEE; FORMER PRESIDENT 0 0 464609 0 0 0 15250 0 0 0 479859 0 0 0 ERIC KORSVALL CHIEF OPERATING OFFICER 284510 0 50425 0 1115 0 37450 0 36699 0 410199 0 0 0 ANDREW MCINDOE VP, DEVELOPMENT 264278 0 72425 0 566 0 36950 0 20468 0 394687 0 0 0 PAUL WINFREE DISTINGUISHED FELLOW IN ECONOMIC POL 273922 0 35425 0 632 0 27497 0 34416 0 371892 0 0 0 ROBERT BLUEY VP, COMMUNICATIONS 233718 0 55425 0 654 0 36669 0 36565 0 363031 0 0 0 JAMES CARAFANO VP, DAVIS INST. FOR NAT'L SECURITY 254800 0 50425 0 8540 0 37450 0 1695 0 352910 0 0 0 JOHN BACKIEL VP, FINANCE & ACCOUNTING 227218 0 50425 0 1120 0 35191 0 36769 0 350723 0 0 0 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 235110 0 50425 0 4247 0 36545 0 22827 0 349154 0 0 0 CHARLES STIMSON DEPUTY DIR, EDWIN MEESE CENTER 173129 0 110425 0 2385 0 26654 0 34239 0 346832 0 0 0 CARSTEN WALTER SR. DIR, DEVELOPMENT OPERATIONS 218861 0 45425 0 2610 0 34972 0 34161 0 336029 0 0 0 CHRISTOPHER BYRNES GENERAL COUNSEL & SECRETARY 198590 0 45425 0 21341 0 33773 0 34670 0 333799 0 0 0 DERRICK MORGAN EXECUTIVE VICE PRESIDENT 285637 0 425 0 0 0 14805 0 29210 0 330077 0 0 0 GENEVIEVE WOOD COUNSELOR & SPOKESPERSON 229096 0 45300 0 1354 0 35045 0 15119 0 325914 0 0 0 BRIDGETT WAGNER EXEC. DIR., FEULNER INSTITUTE 224928 0 45425 0 4080 0 33265 0 16937 0 324635 0 0 0 CHAD BAREFOOT DIRECTOR, DONOR RELATIONS 217528 0 45300 0 518 0 13553 0 35032 0 311931 0 0 0 JACK SPENCER SR. RESEARCH FELLOW 199893 0 53425 0 844 0 33526 0 18497 0 306185 0 0 0 THOMAS BINION VP, GOV'T RELATIONS 173194 0 45000 0 428 0 29295 0 28157 0 276074 0 0 0 ANDREW OLIVASTRO VP, OUTREACH 196864 0 15425 0 696 0 20123 0 35283 0 268391 0 0 0 WESLEY DYCK VP, PERSONNEL 12539 0 0 0 222117 0 11118 0 7377 0 253151 0 0 0 ROGER SEVERINO VP, DOMESTIC POLICY 176306 0 20425 0 0 0 10493 0 33349 0 240573 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: THE HERITAGE FOUNDATION (THF) 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 THF. IN ACCORDANCE WITH THF'S TRAVEL POLICIES, ANY AMOUNT PAID BY THF FOR ANY TRAVEL BY ANY EMPLOYEE THAT IS NOT BUSINESS RELATED IS REQUIRED TO BE REIMBURSED BY THE INDIVIDUAL TO THF OR 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, THF 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 THF 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 4A WESLEY DYCK RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $221,906. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN B(III). 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 MISSION AS WELL AS ON THEIR OWN PERFORMANCE AND ACHIEVEMENT OF ESTABLISHED GOALS. GOALS ARE REVIEWED MID-YEAR AND ANNUALLY, AND QUARTERLY REPORTS OF ORGANIZATION ACTIVITIES ARE PROVIDED TO THE BOARD OF TRUSTEES. MELISSA BLUEY SPOUSE OF OFFICER: ROBERT BLUEY 80069 EMPLOYMENT 0 FEULNER & ASSOCIATES LLC 35% CONTROLLED ENTITY OF BOARD MEMBER 145438 CONSULTING SERVICES 0 X 139 2483393 FAIR MARKET VALUE X CRYPTOCURRENCY 1 63 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE AMOUNTS REPORTED IN COLUMN (B) REPRESENT THE NUMBER OF INDIVIDUAL CONTRIBUTIONS. PART I, LINE 32B: IN AN EFFORT TO PROVIDE DONORS WITH ANOTHER GIVING OPTION, THE HERITAGE FOUNDATION ("THF") ENGAGED THE GIVING BLOCK ("TGB") IN 2022 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 THF. FORM 990, PART III, LINE 2 DURING 2022, THE HERITAGE FOUNDATION CREATED THE INNOVATION AND ACADEMIC PRIZES (COLLECTIVELY THE "PRIZES") TO FINANCIALLY SUPPORT INNOVATIVE SOLUTIONS TO THE MOST PRESSING ISSUES FACING AMERICA. THE PRIZES RECOGNIZE AND PROVIDE SUBSTANTIVE FINANCIAL SUPPORT THAT, IN TOTAL, AMOUNTS TO $1 MILLION OR MORE ANNUALLY TO ORGANIZATIONS AND SCHOLARS FOR PROJECTS INVOLVING RESEARCH, LITIGATION, EDUCATION, OUTREACH, OR COMMUNICATIONS. APPLICANTS ARE EITHER 501(C)(3) ORGANIZATIONS IN GOOD STANDING AND OPERATING AT THE STATE OR NATIONAL LEVEL, OR FACULTY MEMBERS AT HIGHER EDUCATION INSTITUTIONS THAT WRITE AND DISSEMINATE ORIGINAL RESEARCH AND DEVELOP PROJECTS AND PROGRAMS THAT EXPLORE TOPICS RELATED TO THE HERITAGE FOUNDATION'S CURRENT PRIORITY ISSUE AREAS AND BROADER ISSUES AROUND FREEDOM AND OPPORTUNITY. FORM 990, PART V, LINE 3B THF IS AWAITING ADDITIONAL INFORMATION IN ORDER TO TIMELY FILE A COMPLETE AND ACCURATE FORM 990-T BY THE EXTENDED DEADLINE OF NOVEMBER 15, 2023. FORM 990, PART VI, SECTION B, LINE 11B THE VICE PRESIDENT OF FINANCE AND ACCOUNTING COMPILES NECESSARY INFORMATION TO COMPLETE THE FORM 990. PAID TAX PREPARERS THEN ASSIST IN COMPLETING 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, AND THE CHIEF OPERATING OFFICER. 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 HERITAGE EMPLOYEES ARE REQUIRED TO SIGN AND ACKNOLWEDGE THAT THEY HAVE RECEIVED AND WILL ADHERE TO ALL POLICIES CONTAINED WITHIN THE FOUNDATION'S EMPLOYEE HANDBOOK, INCLUDING THE FOUNDATION'S CONFLICT OF INTEREST POLICY. SEPARATELY, THE FOUNDATION REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES TO DISCLOSE, ANNUALLY, ANY AND ALL FINANCIAL INTEREST OR HOLDINGS THAT MAY BE CONSIDERED 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, AFTER A MEMBER OF THE BOARD DISCLOSES SUCH FINANCIAL OR ADVERSE ORGANIZATIONAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE MEMBER, HE/SHE IS REQUIRED TO LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING(S) WHILE THE POTENTIAL CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING MEMBERS TO DETERMINE WHETHER A CONFLICT EXISTS AND WHAT ACTION SHOULD BE TAKEN. IF APPROPRIATE, THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT GIVING RISE TO THE POTENTIAL CONFLICT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE VOTES ON WHETHER THE TRANSACTION IN QUESTION IS IN THE BEST INTEREST OF THE FOUNDATION. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT IS REQUIRED TO INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN. IF THE BOARD OR COMMITTEE DETERMINES THE PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION, INCLUDING SALARIES, BONUSES, AND BENEFITS, FOR THF'S PRESIDENT, EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER, AND CERTAIN OTHER OFFICERS IS APPROVED BY THE HERITAGE FOUNDATION'S INDEPENDENT BOARD OF TRUSTEES, AND BASED ON THE RECOMMENDATION OF THE BOARD'S COMPENSATION COMMITTEE. IN 2022, 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, WHICH IS PREPARED FOR THE COMMITTEE BY AN OUTSIDE COMPENSATION EXPERT FOR SELECTED POSITIONS. 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 MISSION AS WELL AS THEIR OWN PERFORMANCE AND ACHIEVEMENT OF ESTABLISHED GOALS. GOALS ARE REVIEWED MID-YEAR AND ANNUALLY, AND QUARTERLY REPORTS OF FOUNDATION ACTIVITIES ARE PROVIDED TO THE BOARD. IN CONSIDERING AND APPROVING TOTAL COMPENSATION FOR 2022, THE COMPENSATION COMMITTEE AND THE FULL BOARD OF TRUSTEES 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 HERITAGE 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 VII, LINE 1B: KAY COLES JAMES RESIGNED HER POSITION AS PRESIDENT OF THE HERITAGE FOUNDATION EFFECTIVE DECEMBER 2021. IN EARLY 2022, SHE RECEIVED HER INCENTIVE BONUS IN CONNECTION WITH HER PERFORMANCE DURING HER TENURE AS FOUNDATION PRESIDENT DURING 2021. THAT AMOUNT IS INCLUDED IN HER REPORTABLE COMPENSATION FROM THE ORGANIZATION IN COLUMN "D" OF PART VII. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 5,462,412. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -70,748. CONTRIBUTION RESCINDED -42,504. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. 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