2022-03-30T19:40:02-05:00 2021-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2020-07-01 530196577 THE BROOKINGS INSTITUTION BROO 2027976000 1775 MASSACHUSETTS AVE NW WASHINGTON DC 20036 TED GAYER EXECUTIVE VICE PRESIDENT 2027976000 2022-03-23 1 TED GAYER XXX-XX-XXXX YONG ZHANG CPA P01249785 7033366400 2022-03-23 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN R ALLEN 1775 MASSACHUSETTS AVE NW WASHINGTON DC 20036 195226903 0 X WWW.BROOKINGS.EDU X 1939 DC TO CONDUCT IN-DEPTH, INDEPENDENT RESEARCH THAT LEADS TO NEW IDEAS FOR SOLVING PROBLEMS FACING SOCIETY AT THE LOCAL, NATIONAL, AND GLOBAL LEVEL. 52 52 565 55 -321001 0 63041977 47454002 1124071 738145 12315777 18624162 2913830 1085497 79395655 67901806 815987 516601 0 0 60960118 61534376 51600 0 2985904 33115761 23633401 94943466 85684378 -15547811 -17782572 492547778 568244186 56583614 61109184 435964164 507135002 X SEE SCHEDULE O 0 0 14715834 0 8350 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 THE AREAS OF SOUND MONETARY AND FISCAL POLICY, TAXATION, INCLUSIVE SOCIO-ECONOMIC POLICY, ECONOMIC OPPORTUNITY AND MOBILITY, HEALTH CARE AND SOCIAL INSURANCE ECONOMICS, COVID-19 RECOVERY, THE EFFICIENT WORKING OF MARKETS, AND CLIMATE-RESILIENT GROWTH. ECONOMIC STUDIES ALSO CONTINUED TO PRODUCE THE BROOKINGS PAPERS ON ECONOMIC ACTIVITY, THE LEADING SOURCE OF POLICY-ORIENTED, EMPIRICAL RESEARCH ON MACROECONOMICS. THE ECONOMIC STUDIES PROGRAM DISSEMINATED ITS FREQUENTLY CITED SCHOLARSHIP IN MORE THAN ONE HUNDRED PUBLISHED REPORTS AND RESEARCH PAPERS, WHILE ALSO PUBLISHING LONGER-FORM BOOKS AND JOURNALS AND SHORTER-FORM OP-EDS AND BLOG POSTS. THE PROGRAM HELD DOZENS OF EVENTS AND ITS SCHOLARS ALSO REGULARLY SPOKE AT EXTERNAL EVENTS AND TESTIFIED BEFORE THE U.S. CONGRESS. IMPORTANTLY, THE PROGRAM'S WORK INFORMED KEY POLICY INITIATIVES RANGING FROM NUTRITION ASSISTANCE AND EPIDEMIOLOGICAL RESPONSES DURING COVID-19, TO ADDRESSING SURPRISE MEDICAL BILLING IN THE NO SURPRISES ACT. 11842655 229375 523995 FOREIGN POLICY:THE FOREIGN POLICY PROGRAM CONDUCTS RESEARCH, ANALYSIS AND DIALOGUE IN ORDER TO INFORM PUBLIC UNDERSTANDING AND POLICY DECISIONS CONCERNING THE MOST PRESSING GEOPOLITICAL AND SECURITY ISSUES FACING THE U.S. POLICYMAKING COMMUNITY AND THE WORLD. IN THE PAST YEAR, FOREIGN POLICY SCHOLARS HAVE PUBLISHED A NUMBER OF REPORTS AND BOOKS, INCLUDING ON THE POLITICS OF THE PANDEMICS AND ITS IMPACT ON INTERNATIONAL ORDER, U.S. GRAND STRATEGY, AND U.S-CHINA RELATIONS. THE FOREIGN POLICY PROGRAM HAS CONVENED NUMEROUS EVENTS WITH LEADING U.S. AND INTERNATIONAL POLICY EXPERTS, FOREIGN POLICY SCHOLARS HAVE ALSO MADE APPEARANCES ON AND CONTRIBUTED TO ARTICLES IN MAJOR NEWS AND POLICY OUTLETS ACROSS THE POLITICAL SPECTRUM IN THE U.S. AND AROUND THE GLOBE. IN RECOGNITION OF THEIR LEADING SCHOLARSHIP, IN RECENT MONTHS OUR SCHOLARS HAVE PROVIDED TESTIMONY AND POLICY BRIEFINGS TO THE U.S. CONGRESS AND KEY STAKEHOLDERS AROUND THE WORLD. 11416293 12600 163445 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 FOSTER INTERNATIONAL COOPERATION IN FIVE MAJOR THEMATIC AREAS: 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 RENEWED 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 BRING ITS FINDINGS TO KEY POLICY STAKEHOLDERS BOTH WITHIN THE U.S. AND WORLDWIDE THROUGH DOZENS OF VIRTUAL PANELS AND EVENTS, POLICY ENGAGEMENTS (E.G., PUBLIC AND PRIVATE BRIEFINGS), WIDELY READ OP-EDS AND REPORTS, AND INTERACTIVE TOOLS THAT ARE INFORMING POLICYMAKERS ON TRENDS RELATED TO WELLBEING, LEARNING, WORKER MOBILITY, AND MORE. 9814711 91670 34958 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 POLICYMAKERS 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 HUNDREDS OF WORKS OF WRITTEN SCHOLARSHIP OVER THE YEAR, GOVERNANCE STUDIES HELD DOZENS OF EVENTS OPEN TO THE PUBLIC ON THESE AND OTHER, TIMELY TOPICS. 8914327 0 7398 METROPOLITAN POLICY:THE BROOKINGS METROPOLITAN POLICY PROGRAM'S (METRO) COLLABORATES 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. IN THE PAST YEAR, METRO PRODUCED HUNDREDS OF PUBLICATIONS, INCLUDING BLOG POSTS, RESEARCH BRIEFS, REPORTS, AND INTERACTIVE DATA VISUALIZATIONS, AND HOSTED A NUMBER OF PUBLIC EVENTS FOR THOUSANDS OF VIEWERS. THROUGH ROUNDTABLES, MEETINGS, PUBLIC FORUMS, CONFERENCES, WORKSHOPS, LABS AND COMMUNITIES OF PRACTICE, METRO ALSO CONTINUED TO WORK WITH NETWORKS OF LEADERS FROM DIFFERENT SECTORS TO TRANSLATE EVIDENCE AND IDEAS INTO TANGIBLE SOLUTIONS THAT ADDRESS THE UNPRECEDENTED CHALLENGES FACING THE NATION, STATES AND CITIES ALIKE. 3608652 182956 0 INSTITUTIONAL INITIATIVES:INCLUDES RESEARCH INITIATIVES UNDERTAKEN OR SUPERVISED BY THE EXECUTIVE OFFICE, AND CROSS-PROGRAM RESEARCH EFFORTS, INCLUDING THE ARTIFICIAL INTELLIGENCE AND EMERGING TECHNOLOGIES INITIATIVE, DAVID M. RUBENSTEIN FELLOWSHIP PROGRAM, OVERSEAS CENTERS, AND THE BROOKINGS MOUNTAIN WEST INITIATIVE.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. THESE INCLUDE AI GOVERNANCE, AI AND BIAS, AND AI AND NATIONAL SECURITY.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. THIS YEAR BROOKINGS GRADUATED ITS SECOND COHORT OF FELLOWS AND RECRUITED ITS THIRD COHORT TO BEGIN IN THE FALL OF 2021.BROOKINGS'S OVERSEAS CENTERS IN BEIJING, DOHA, AND DELHI WERE ESTABLISHED AS INSTITUTIONAL PLATFORMS FOR ENGAGEMENT IN THESE REGIONS, INCLUDING POLICY RESEARCH ON ECONOMIC, POLITICAL, AND SOCIAL ISSUES, AS WELL AS COLLABORATIVE EFFORTS WITH KEY SCHOLARS AND POLICYMAKERS. IN RECENT YEARS, BROOKINGS HAS EXPANDED THE INSTITUTION'S GLOBAL REACH BY CAPITALIZING ON ITS PARTNERSHIPS AND RELATIONSHIPS WITH PREEMINENT ORGANIZATIONS IN CRITICAL REGIONS TO FOSTER DIALOGUE AND IDEA EXCHANGE. IN ALIGNMENT WITH THIS STRATEGY AND IN RECOGNITION OF THEIR PLACE AS LEADERS IN THEIR RESPECTIVE REGIONS, BROOKINGS HAS WORKED TO TRANSITION ITS OVERSEAS CENTERS TO INFORMAL PARTNERSHIPS OR SEPARATE ORGANIZATIONS. ON SEPTEMBER 11, 2020, THE BROOKINGS INSTITUTION INDIA CENTER TRANSITIONED TO A SEPARATE CENTER NAMED THE CENTRE FOR SOCIAL AND ECONOMIC PROGRESS. THIS WAS PRECEDED BY A FINANCIAL SEPARATION FROM BROOKINGS EFFECTIVE MARCH 31, 2020. ON OCTOBER 1, 2020, BROOKINGS TRANSITIONED ITS BROOKINGS-TSINGHUA CENTER TO AN UPDATED INFORMAL PARTNERSHIP WITH TSINGHUA UNIVERSITY (BROOKINGS-TSINGHUA CHINA). THE BROOKINGS DOHA CENTER FINANCIALLY SEPARATED FROM BROOKINGS EFFECTIVE ON FEBRUARY 28, 2021, WITH PLANS TO LAUNCH THE MIDDLE EAST COUNCIL ON GLOBAL AFFAIRS, A NEWLY-NAMED SEPARATE CENTER IN LATE 2021. THE BROOKINGS MOUNTAIN WEST INITIATIVE IS A PARTNERSHIP BETWEEN BROOKINGS AND THE UNIVERSITY OF NEVADA, LAS VEGAS (UNLV), IN WHICH BROOKINGS SCHOLARS FROM ALL FIVE RESEARCH PROGRAMS ENGAGE WITH STUDENTS AND FACULTY TO WORK ON INNOVATIVE POLICY SOLUTIONS FOR THE CITY, REGION, NATION, AND BEYOND. THROUGH THE BROOKINGS CURRICULUM AT UNIVERSITY OF NEVADA, LAS VEGAS AND THE BROOKINGS MINOR, STUDENTS RECEIVE DETAILED INSTRUCTION ON HOW THE PUBLIC POLICY AGENDA IS SET, HOW MAJOR PUBLIC DEBATES ARE SHAPED, AND HOW POLICY DETAILS ARE DESIGNED AND IMPLEMENTED. THIS YEAR BROOKINGS SCHOLARS PRODUCED ORIGINAL RESEARCH ON MANY TOPICS RELATED TO THE RECOVERY FROM THE COVID-19 CRISIS, INCLUDING HOUSING DISTRESS, FOSTERING INCLUSIVENESS, AND THE IMPACTS ON HISPANIC AND LATINO POPULATIONS IN LAS VEGAS. 1463244 0 1373947 BROOKINGS PRESS:THE BROOKINGS INSTITUTION PRESS PUBLISHES PUBLIC POLICY RESEARCH FROM BROOKINGS'S OWN SCHOLARS AS WELL AS OTHER AUTHORS. THESE PUBLICATIONS PROVIDE EXTENSIVE BACKGROUND AND INSIGHT ON IMPORTANT PUBLIC POLICY ISSUES IN BUSINESS, ECONOMICS, GOVERNMENT, AND INTERNATIONAL AFFAIRS. 1317919 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. 25118853 274626 1416303 63093635 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 474 0 1 565 1 1 1 1 QA IN 0 0 0 0 0 0 0 0 0 0 X 52 52 1 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 MS MN NC NJ NH NM NY OR PA RI SC TN UT VA WI WV ND X X NIKKI BAGWELL AND ELIZABETH GROSS 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; VC OF NOMINATIONS & GOVERNANCE 3.00 X X 0 0 0 TRACY R WOLSTENCROFT SECRETARY; VC OF BUDGET & FINANCE ON 3/5/2021 3.00 X X 0 0 0 ROBERT J ABERNETHY TRUSTEE; VC OF DEVELOPMENT COMMITTEE 3.00 X 0 0 0 PAUL ACHLEITNER TRUSTEE TILL 06/4/2021 2.00 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 ELECTED 11/20/2020 2.00 X 0 0 0 DAVID C BOHNETT TRUSTEE 2.00 X 0 0 0 DAVID BOZEMAN TRUSTEE ELECTED 11/20/2020 2.00 X 0 0 0 W EDMUND CLARK TRUSTEE 2.00 X 0 0 0 ABBY JOSEPH COHEN TRUSTEE; CHAIR OF INVESTMENT COMMITTEE 3.00 X 0 0 0 BETSY Z COHEN TRUSTEE 2.00 X 0 0 0 CHERYL CRAZY BULL TRUSTEE ELECTED 11/20/2020 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 ALFONSO FANJUL TRUSTEE TILL 06/4/2021 2.00 X 0 0 0 BART FRIEDMAN TRUSTEE; CHAIR OF THE AUDIT COMMITTEE 3.00 X 0 0 0 ELLEN V FUTTER TRUSTEE; CHAIR OF 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 OF DEVELOPMENT COMMITTEE 3.00 X 0 0 0 VICTOR L HYMES CHAIR/BUDGET&FIN COMM EFF. 3/5/2021 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 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 OF THE AUDIT COMMITTEE 3.00 X 0 0 0 KEVIN MANDIA TRUSTEE ELECTED 3/5/2021 2.00 X 0 0 0 CATHY MINEHAN TRUSTEE; CHAIR OF COMPENSATION COMMITTEE 3.00 X 0 0 0 ADITYA MITTAL TRUSTEE 2.00 X 0 0 0 BETH MOONEY TRUSTEE ELECTED 3/5/2021 2.00 X 0 0 0 OSCAR MUNOZ TRUSTEE ELECTED 6/4/2021 2.00 X 0 0 0 LAXMAN NARASIMHAN TRUSTEE 2.00 X 0 0 0 BRIAN ROGERS TRUSTEE; VC OF INVESTMENT COMMITTEE 3.00 X 0 0 0 GINNI ROMETTY TRUSTEE ELECTED 6/4/2021 2.00 X 0 0 0 NICOLE PULLEN ROSS TRUSTEE 2.00 X 0 0 0 TIM RYAN TRUSTEE ELECTED 11/20/2020 2.00 X 0 0 0 JAMES SMITH TRUSTEE ELECTED 11/20/2020 2.00 X 0 0 0 KEVIN SNEADER TRUSTEE ELECTED 11/20/2020 2.00 X 0 0 0 ARNE M SORENSON CHAIR/BUDGET&FIN COMM THRU 2/15/21 3.00 X 0 0 0 DOUGLAS STEENLAND TRUSTEE ELECTED 11/20/2020 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 DAVID WEINBERG TRUSTEE 2.00 X 0 0 0 BEATRICE W WELTERS TRUSTEE 2.00 X 0 0 0 JOHN ALLEN PRESIDENT 40.00 X 893715 0 77951 IRENA BARISIC VP, CFO, ASST TREA. THRU 05/14/21 40.00 X 326785 0 40570 MICHAEL CAVADEL VP GEN COUNSEL/ASST SEC 40.00 X 253422 0 55632 TED GAYER EXECUTIVE VICE PRESIDENT 40.00 X 460767 0 53700 STEPHANIE R AARONSON VP, DIR. ECONOMIC STUDIES 40.00 X 318510 0 41289 JENNIFER BERLIN VP, STRATEGY AND OPERATION 40.00 X 230150 0 27600 BRAHIMA COULIBALY VP, DIR. GLOBAL 40.00 X 264069 0 58624 BRUCE JONES VP, DIR. FOREIGN POLICY TILL 1/31/2020 40.00 X 259806 0 33455 HOMI J KHARAS INTERIM VP. DIR. THRU 05/31/20 40.00 X 297523 0 34200 SUZANNE MALONEY VP, DIR. FOREIGN POLICY 40.00 X 269198 0 61203 CATHERINE A PIEZ CHIEF INVESTMENT OFFICER 40.00 X 348265 0 58332 DARRELL M WEST VP, DIR. GOVERNANCE STUDIES 40.00 X 357853 0 67109 AMY LIU WITMER VP, DIR. METROPOLITAN POLICY 40.00 X 360225 0 43200 WILLIAM G GALE SR FELLOW & DIR, TAX POLICY 40.00 X 448253 0 49262 DAVID WESSEL SR FELLOW & DIR, HUTCHINS 40.00 X 306868 0 61201 LUCY KIM VP, DEVELOPMENT 40.00 X 283705 0 59165 ANKUR BHATT CHIEF INFORMATION OFFICER 40.00 X 297806 0 19681 KEMAL DERVIS SENIOR FELLOW 40.00 X 275412 0 33024 N STROBE TALBOTT FORMER PRESIDENT, DIST. FELLOW 40.00 X 178925 0 32276 6431257 0 907474 181 1 1 0 APFS LLC (ADDISON GROUP) 7076 SOLUTIONS CENTER CHICAGO IL 60677 CONSULTING, STAFFING & RECRUITING, AND E 828821 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 FACILITIES MGMT 671984 AMERICAN MECHANICAL SERVICES OF MD LLC 13300 MID ATLANTIC BLVD LAUREL MD 20708 HEATING, VENTILATION & AIR CONDITIONING 627120 RESULTS FOR DEVELOPMENT INSTITUTE INC 1875 CONNECTICUT AVE NW WASHINGTON DC 20009 NON-PROFIT 596488 CITY SECURITY CONSULTANTS INC 2010 KENDALL STREET NE WASHINGTON DC 20002 SECURITY & SAFETY TRAINING 554144 33 875372 46578630 1216235 47454002 RESEARCH 900099 738145 738145 738145 2345253 -324646 2669899 143239718 126960716 93 16279002 -93 16278909 16278909 1373947 364288 1009659 1006014 3645 OTHER INCOME 900099 75838 75838 75838 67901806 1744159 -321001 19024646 X 358645 358645 157956 157956 5533852 2708457 2527648 297747 36822281 28010169 7579474 1232638 4696038 4696038 11296572 15025777 -4463863 734658 3185633 3185633 194525 7643 186882 208133 13957 194176 1448431 1448431 11113223 8600053 2250074 263096 164185 147750 16435 1112500 506831 522991 82678 2347810 826993 1507722 13095 1751178 5207453 -3750659 294384 97441 95206 2238 -3 103929 222931 -130730 11728 725798 725798 2348586 74208 2274378 389995 6557 383438 PUBLISHING 669938 669938 OTHER DIRECT COSTS 621637 380654 201535 39448 REPAIR/MAINTENANCE 246444 7869 238575 BAD DEBT 73148 64588 8560 16500 16500 85684378 63093635 19604839 2985904 24872409 37112020 74697770 58117303 63308682 32611204 156342 283818 102401 110133 1160402 1426173 72611445 46505240 27720193 26106205 185572781 172509557 113957384 238974082 999414 993691 492547778 568244186 7754671 8703927 1299419 5958890 44623945 43836739 2905579 2609628 56583614 61109184 X 207949947 272354569 228014217 234780433 435964164 507135002 492547778 568244186 X -17782572 88649826 303584 X 0 1 X 1 1 1 X 96843646 65378153 78430045 63041977 47454001 351147822 96843646 65378153 78430045 63041977 47454001 351147822 36254765 314893057 4282665 4379193 5024382 4246681 2345253 20278174 2277314 2618673 2599707 1899088 75838 9470620 380896616 11349670 0.82670 0.84950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CAFETERIA - 2016 AMOUNT: $ 2,167,186. 2017 AMOUNT: $ 2,350,662. 2018 AMOUNT: $ 2,358,488. 2019 AMOUNT: $ 1,621,213. 2020 AMOUNT: $ 0. OTHER INCOME - 2016 AMOUNT: $ 110,128. 2017 AMOUNT: $ 268,011. 2018 AMOUNT: $ 241,219. 2019 AMOUNT: $ 277,875. 2020 AMOUNT: $ 75,838. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 268418 X 0 433548030 45460966 106055864 82601969 1574898 500887993 471042888 61154047 -8233684 88918479 1496742 433548030 476093348 6715783 7360966 17596458 1530751 471042888 468522658 62516766 35621240 89209102 1358214 476093348 417895359 18324115 48993345 15341592 1348569 468522658 0.53130 0.19830 0.27040 0 0 4155620 4155620 52539513 33124727 19414786 11389249 10009408 1379841 4527063 3371105 1155958 26106205 238974082 F 238974082 ACCRUED POST-RETIREMENT BENEFIT OBLIGATION 982000 DEFERRED RENT EXPENSE PAYABLE 690447 DEFERRED COMPENSATION 937181 2609628 X 155046037 88649826 12500 -18413 88643913 66402124 1863970 -364288 1499682 67901806 84197196 12500 364288 376788 83820408 1863970 1863970 85684378 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, 2021, 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 -18,413. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B -364,288. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 364,288. 1 EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES, FUNDRAISING ACTIVITIES, MAINTAINING OFFICES PUBLIC POLICY RESEARCH 89401 MIDDLE EAST AND NORTH AFRICA 1 10 PROGRAM SERVICES, FUNDRAISING ACTIVITIES, MAINTAINING OFFICES PUBLIC POLICY RESEARCH 2997987 EAST ASIA AND THE PACIFIC 0 0 GRANT TO RECIPIENTS LOCATED IN REGION 6957 MIDDLE EAST AND NORTH AFRICA 0 0 GRANT TO RECIPIENTS LOCATED IN REGION 150999 2 11 0 0 2 11 3245344 0 3245344 EAST ASIA AND THE PACIFIC PROGRAM SERVICES 6957 WIRE TRANSFER 1 PROGRAM ASSISTANCE MIDDLE EAST AND NORTH AFRICA 8 90970 CHECK OR WIRE 60028 HOUSING ALLOWANCE BOOK 1 0 1 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: 1 FELLOWSHIP STIPENDS 11 358645 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 841105 0 0 0 52610 0 53700 0 25299 0 972714 0 0 0 TED GAYER EXECUTIVE VICE PRESIDENT 458960 0 0 0 1807 0 53700 0 1552 0 516019 0 0 0 WILLIAM G GALE SR FELLOW & DIR, TAX POLICY 429214 0 0 0 19039 0 34200 0 15895 0 498348 0 0 0 DARRELL M WEST VP, DIR. GOVERNANCE STUDIES 349533 0 7348 0 972 0 42858 0 25083 0 425794 0 0 0 CATHERINE A PIEZ CHIEF INVESTMENT OFFICER 340082 0 0 0 8183 0 34200 0 25204 0 407669 0 0 0 AMY LIU WITMER VP, DIR. METROPOLITAN POLICY 360000 0 0 0 225 0 43200 0 832 0 404257 0 0 0 IRENA BARISIC VP, CFO, ASST TREA. THRU 05/14/21 326482 0 0 0 303 0 39338 0 4001 0 370124 0 0 0 DAVID WESSEL SR FELLOW & DIR, HUTCHINS 295184 0 7348 0 4336 0 34200 0 27973 0 369041 0 0 0 STEPHANIE R AARONSON VP, DIR. ECONOMIC STUDIES 318165 0 0 0 345 0 38934 0 10103 0 367547 0 0 0 LUCY KIM VP, DEVELOPMENT 283388 0 0 0 317 0 34800 0 26247 0 344752 0 0 0 HOMI J KHARAS INTERIM VP. DIR. THRU 05/31/20 295236 0 0 0 2287 0 34200 0 1552 0 333275 0 0 0 SUZANNE MALONEY VP, DIR. FOREIGN POLICY 268853 0 0 0 345 0 33357 0 29398 0 331953 0 0 0 BRAHIMA COULIBALY VP, DIR. GLOBAL 263844 0 0 0 225 0 32692 0 27844 0 324605 0 0 0 ANKUR BHATT CHIEF INFORMATION OFFICER 272581 0 25000 0 225 0 0 0 21053 0 318859 0 0 0 MICHAEL CAVADEL VP GEN COUNSEL/ASST SEC 248072 0 0 0 5350 0 31200 0 25984 0 310606 0 0 0 KEMAL DERVIS SENIOR FELLOW 274485 0 0 0 927 0 33024 0 1552 0 309988 0 0 0 BRUCE JONES VP, DIR. FOREIGN POLICY TILL 1/31/20 259135 0 0 0 671 0 31800 0 7487 0 299093 0 0 0 JENNIFER BERLIN VP, STRATEGY AND OPERATION 230000 0 0 0 150 0 27600 0 832 0 258582 0 0 0 N STROBE TALBOTT FORMER PRESIDENT, DIST. FELLOW 164110 0 0 0 14815 0 20150 0 12539 0 211614 0 0 0 PART I, LINE 7 BONUSES ARE DISCRETIONARY AND ARE BASED ON INSTITUTIONAL AFFORDABILITY, AS DETERMINED ANNUALLY BY THE PRESIDENT. A DISTRICT OF COLUMBIA VARIABLE RATE REVENUE BONDS SERIES 2020 536001131 2020-05-21 44952570 MODIFICATION OF 2015 SERIES BOND 0 0 0 A 803706 44952570 330000 44622570 0 1 1 1 A 0 1 1 1 0 0.00900 0.00000 0.00900 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 X 25 1215936 FMV X HARDWARE 1 299 FMV 0 0 1 0 PART I, COLUMN (B): USING A COMBINATION OF THE TWO METHODS ABOVE 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). 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 BOARD PARTY FOR REVIEWING THE FORM 990 AND 990T EACH YEAR STARTING WITH THE FISCAL YEAR ENDED JUNE 30, 2009. ONCE THE FORM HAS BEEN COMPLETED IT IS REVIEWED INTERNALLY BY THE PRESIDENT, THE CONTROLLER, THE GENERAL COUNSEL, AND OTHER MEMBERS OF THE SENIOR STAFF, ALONG WITH THE AUDIT COMMITTEE. ONCE THOSE 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 OF THE PRESIDENT AND SUCH OTHER OFFICERS, MANAGERS, OR EMPLOYEES AS THE EXECUTIVE COMMITTEE OR AUDIT COMMITTEE RECOMMENDS BE SET BY THE COMPENSATION COMMITTEE AND IN ACCORDANCE WITH ANY BOARD-ADOPTED COMPENSATION POLICY. IN SETTING SUCH SALARIES, THE COMPENSATION COMMITTEE ASKS THE VICE PRESIDENT, CHIEF HUMAN RESOURCES OFFICER TO GATHER RELEVANT SALARY COMPARABILITY DATA AND RECORD COMMITTEE MINUTES WHICH CLEARLY DOCUMENT THE COMMITTEE'S DECISIONS AND THE RATIONALE UNDERLYING SUCH DECISIONS. THE COMMITTEE USES AN OUTSIDE CONSULTANT TO ESTABLISH SALARY COMPARABLES 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 IX, LINE 11G CONTACTS/PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 5,944,499. MANAGEMENT AND GENERAL EXPENSES 1,775,171. FUNDRAISING EXPENSES 199,705. TOTAL EXPENSES 7,919,375. QUALIFIED SUBCONTACTS: PROGRAM SERVICE EXPENSES 1,659,580. MANAGEMENT AND GENERAL EXPENSES 3,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,663,080. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 995,974. MANAGEMENT AND GENERAL EXPENSES 471,403. FUNDRAISING EXPENSES 63,391. TOTAL EXPENSES 1,530,768. FORM 990, PART XI, LINE 9: GAIN/(LOSS) ON FOREIGN CURRENCY EXCHANGE -18,413. EFFECT OF ADOPTION PROVISIONS SFAS NO. 158 322,000. ROUNDING VARIANCE -3. BROOKINGS CENTER - DOHA PO BOX 22694 DOHA QA ANALYSIS AND RESEARCH QA THE BROOKINGS INSTITUTION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0