2022-07-07T08:39:11-05:00 2021-12-31 521853933 JM&M 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2021-01-01 521703065 TAX FOUNDATION TAXF 2024646200 1325 G STREET NW 950 WASHINGTON DC 20005 SCOTT HODGE PRESIDENT/SECRETARY 2024646200 2022-07-06 1 SCOTT HODGE 999009999 MEENA BISHNOI P01480769 4108840220 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SCOTT HODGE 1325 G STREET NW 950 WASHINGTON DC 20005 6898594 0 X WWW.TAXFOUNDATION.ORG X 1990 DC THE TAX FOUNDATION IS THE NATION'S LEADING INDEPENDENT TAX POLICY NONPROFIT. SINCE 1937, OUR PRINCIPLED RESEARCH, INSIGHTFUL ANALYSIS, AND ENGAGED EXPERTS HAVE INFORMED SMARTER TAX POLICY AT THE FEDERAL, STATE, AND GLOBAL LEVELS. FOR OVER 80 YEARS, OUR GOAL HAS REMAINED THE SAME: TO IMPROVE LIVES THROUGH TAX POLICIES THAT LEAD TO GREATER ECONOMIC GROWTH AND OPPORTUNITY. 10 9 47 9 0 0 5613410 6658660 0 0 61478 142673 -41206 -287251 5633682 6514082 7500 9500 0 0 3154368 3590261 0 16398 933179 1586093 2086318 4747961 5702477 885721 811605 5116395 6089846 1035292 959052 4081103 5130794 X TO ACHIEVE SIMPLE, SENSIBLE TAX POLICY AT THE FEDERAL AND STATE LEVELS BY PRODUCING AND DISSEMINATING BASIC INFORMATION AND ECONOMICALLY PRINCIPLED ANALYSIS OF TAX POLICY ISSUES AND THE SIZE OF THE TAX BURDEN BORNE BY AMERICANS AT ALL LEVELS OF GOVERNMENT. 0 0 1564173 FEDERAL TAX POLICY - THIS PROGRAM PROMOTES SOUND TAX POLICIES IN WASHINGTON D.C. THE FOUNDATION PROVIDES OBJECTIVE DATA AND ANALYSIS ON TAX POLICIES, USING SEVERAL TOOLS, INCLUDING MODELING OF ECONOMIC AND BUDGETARY EFFECTS, RESEARCH AND WRITING, CAPITOL HILL BRIEFINGS, AND CONGRESSIONAL TESTIMONIES. THE FOUNDATION ESTABLISHED ITSELF AS THE GO-TO RESOURCE ON FEDERAL TAX ISSUES FOR POLICYMAKERS. IN 2021, DESPITE IN-PERSON LIMITATIONS, THE STAFF CONDUCTED MORE THAN 70 CAPITOL HILL MEETINGS AND BRIEFINGS, TESTIFIED THREE TIMES, AND PRODUCED DOZENS OF REPORTS AND BLOG POSTS ON A VARIETY OF ISSUES THAT RECEIVED 14,900 CITATIONS IN LEADING MEDIA OUTLETS. 1072159 MARKETING AND COMMUNICATION - THE FOUNDATION'S MARKETING TEAM MAKES TAX POLICIES ENGAGING AND ACCESSIBLE TO TAXPAYERS, LEGISLATORS, AND THE MEDIA THROUGH INNOVATIVE, MULTI-CHANNEL CAMPAIGNS. THE FOUNDATION'S TEAM DELIVERS HIGH-QUALITY CONTENT TO THE RIGHT PEOPLE, AT THE RIGHT TIME, IN A FORMAT THAT PROMOTES DEEPER UNDERSTANDING USING TOOLS LIKE SOCIAL MEDIA, DIGITAL ADVERTISING, INTERACTIVE WEB EXPERIENCES, AND EMAIL. IN 2021, THE FOUNDATION EARNED 30,725 MEDIA CITATIONS IN THE WORLD'S TOP NEWS OUTLETS, INCLUDING THE WALL STREET JOURNAL, THE WASHINGTON POST, THE NEW YORK TIMES, NBC NEWS, FOX NEWS, AND NPR-A 51 PERCENT INCREASE OVER 2020; ITS EXPERTS CONDUCTED 112 RADIO AND TV INTERVIEWS AND PLACED 22 OP-EDS; TAXFOUNDATION.ORG WAS VISITED 23.1 MILLION TIMES; ITS SOCIAL MEDIA ACCOUNTS EARNED 28 MILLION IMPRESSIONS AND GREW TO 89,347 TOTAL FOLLOWERS; ITS DIGITAL ADVERTISING RESULTED IN 22.2 MILLION IMPRESSIONS AND DROVE 1.9 MILLION VIDEO VIEWS; AND ITS EMAIL NEWSLETTER GREW TO 53,839 SUBSCRIBERS. 789951 STATE TAX POLICY - THIS PROGRAM PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2021, THE FOUNDATION TESTIFIED OR PRESENTED TO OFFICIALS-MOSTLY VIRTUALLY-79 TIMES IN 28 STATES AND THE DISTRICT OF COLUMBIA. THE FOUNDATION IS OFTEN LOOKED TO BY LEGISLATORS, TAXPAYERS, AND THE MEDIA TO RECOMMEND TAX REFORM OPTIONS OR PROVIDE ANALYSIS OF TAX PLANS. THE FOUNDATION'S ANALYSIS AND STUDIES, SUCH AS THE STATE BUSINESS TAX CLIMATE INDEX, INFORM THE TAX REFORM DEBATE ACROSS THE COUNTRY AND HAVE BEEN CRUCIAL TO MAJOR TAX CHANGES IN MANY STATES. FOUNDATION EXPERTS WERE A VITAL RESOURCE TO POLICYMAKERS AND JOURNALISTS AS STATES NAVIGATED TAX POLICIES DURING THE PANDEMIC. 458861 9500 GLOBAL TAX REFORM - THIS PROGRAM WAS LAUNCHED IN 2018 IN ORDER TO PROMOTE PRO-GROWTH TAX POLICIES THROUGHOUT THE WORLD WITH A PRIMARY FOCUS ON EUROPE. THE GLOBAL TAX REFORM PRODUCES IN-DEPTH STUDIES OF ECONOMIC DATA AND USES A VARIETY OF MEASURES, SUCH AS THE INTERNATIONAL TAX COMPETITIVENESS INDEX, TO COMPARE TAX SYSTEMS. THE FOUNDATION'S EXPERTS HAVE PROVIDED BRIEFINGS IN COUNTRIES THROUGHOUT EUROPE AND ARE RELIED UPON BY MEDIA, POLICY MAKERS, AND OTHER POLICY GROUPS TO PROVIDE ANALYSIS OF TAX PROPOSALS THROUGHOUT THE WORLD. IN 2021, THE FOUNDATION'S WORK WAS CITED IN 107 COUNTRIES AND RECEIVED 5,800 INTERNATIONAL MEDIA CITATIONS. 458861 9500 3885144 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 47 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 DC AL AK NV CA CO CT FL AR KS KY IL ME MD MA MI MN MS NH NJ NM NY NC OH OK OR RI SC TN VA WV WI PA ND UT HI GA WA X X SCOTT HODGE 2024646200 1325 G STREET NW 950 WASHINGTON DC 20005 SCOTT HODGE PRESIDENT/SECRETARY 40.00 X X 376760 0 17279 DAVID P LEWIS CHAIRMAN 1.00 X X 0 0 0 JAMES W LINTOTT TREASURER 1.00 X X 0 0 0 DOUGLAS HOLTZ-EAKIN DIRECTOR 1.00 X 0 0 0 THE HONORABLE PHILIP ENGLISH DIRECTOR 1.00 X 0 0 0 SARAH MCGILL DIRECTOR 1.00 X 0 0 0 STEPHEN KRANZ DIRECTOR 1.00 X 0 0 0 TOM ROESSER DIRECTOR 1.00 X 0 0 0 PAMELA OLSON DIRECTOR 1.00 X 0 0 0 DENNIS GROTH DIRECTOR 1.00 X 0 0 0 MICHAEL VOGLER SR. OFFICER, DEVELOPMENT & PARTNERSHIPS 40.00 X 178000 0 9442 DANIEL D BUNN VP OF GLOBAL PROGRAMS 40.00 X 135127 0 27162 JARED M WALCZAK VP OF STATE PROJECTS 40.00 X 129945 0 12539 COLBY PASTRE VP OF MARKETING & COMMUNICATIONS 40.00 X 129802 0 12124 WILLIAM MCBRIDE VP OF FEDERAL TAX POLICY 40.00 X 167506 0 27109 1117140 0 105655 9 0 1 0 MVP PRESS LLC 43720 TRADE CENTER PLACE SUITE 135 STERLING VA 20166 DIRECT MAIL & PRINTING SERVICES 220661 KPMG LLP 3 CHESTNUT RIDGE ROAD MONTVALE NJ 07645 RESEARCH 125000 2 844424 5814236 90817 6658660 68470 68470 1428 1428 79756 5553 74203 74203 74203 87326 844424 378959 -291633 -291633 MISCELLANEOUS INCOME 900099 2954 2954 2954 6514082 0 0 -144578 9500 9500 394039 287296 54893 51850 2719479 1986098 375009 358372 96746 70422 13623 12701 149382 124719 24663 230615 169083 30952 30580 4529 3495 230 804 101439 101439 16398 16398 406596 312128 94468 293691 226741 14772 52178 143778 61437 68019 14322 44319 34215 2230 7874 369249 285076 18572 65601 36923 24738 5539 6646 8416 5638 1263 1515 97318 75133 4895 17290 21004 14072 3467 3465 DIRECT MAIL EXPENSES 399031 74180 77543 247308 DUES & SUBSCRIPTIONS 97774 73111 9970 14693 STAFF DEVELOPMENT 38942 30064 1959 6919 MISCELLANEOUS 12798 9884 2914 10511 8114 2397 5702477 3885144 884154 933179 957537 695822 603089 603652 37372 443000 118000 127657 55755 1138719 847537 388500 291182 2919493 3795939 82747 86496 5116395 6089846 265996 291442 769296 667610 1035292 959052 X 3328619 4579233 752484 551561 4081103 5130794 5116395 6089846 811605 238086 0 X X 0 1 X 1 0 X 5115594 5222497 4904531 5613410 6658660 27514692 5115594 5222497 4904531 5613410 6658660 27514692 5747665 21767027 56570 63256 62219 56135 69898 308078 19128 29068 19334 1987 2954 72471 27895241 87326 0.78030 0.75410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 4,112. 2021 AMOUNT: $ 2,954. HONORARIA - 2017 AMOUNT: $ 15,016. 2018 AMOUNT: $ 29,068. 2019 AMOUNT: $ 19,334. 2020 AMOUNT: $ 1,987. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4759798 4759798 387990 96998 0 0 387990 387990 581985 96998 96998 145497 645581 379189 266392 493138 468348 24790 291182 DEFERRED RENT & LEASE INCENTIVE 664021 CAPITAL LEASE LIABILITY 3589 667610 X 6752168 238086 238086 6514082 0 6514082 5702477 0 5702477 0 5702477 PART X, LINE 2: THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. 1 0 0 0 0 0 0 0 0 0 EUROPE (INCLUDING ICELAND & GREENLAND) PUBLICATION AND PRESENTATION OF THE 2021 INTERNATIONAL TAX COMPETITIVENESS INDEX 5500 WIRE 0 0 1 0 0 0 0 0 0 PART I, LINE 2: TAX FOUNDATION IDENTIFIES POTENTIAL GRANTEES AND CONDUCTS INTERVIEWS OF THOSE POTENTIAL GRANTEES TO ASSESS CAPACITY FOR PERFORMING A PROJECT. TAX FOUNDATION THEN OUTLINES A TIMELINE FOR PROJECT COMPLETION AND REQUESTS A LINE ITEM BUDGET FOR THE PROJECT AND AN INTERNAL REVIEW OF THE POTENTIAL GRANTEE'S BUDGET IS THEN PERFORMED. AFTER INTERNAL APPROVAL A GRANT IS AWARDED. A CHECK-IN INTERVIEW IS PERFORMED WITH THE GRANTEE PRIOR TO COMPLETION OF THE PROJECT. TAX FOUNDATION REVIEWS OUTPUT FROM THE PROJECT INCLUDING COMPLETION OF PROJECT DELIVERABLES, RELATED EVENTS, MEDIA IMPACT, AND POTENTIAL FOLLOW-UP OPPORTUNITIES. LASTLY, A POST-PROJECT INTERVIEW IS PERFORMED WITH THE GRANTEE TO ENSURE THAT ALL WORK WAS COMPLETED AND PERFORMANCE METRICS WERE APPROPRIATELY REPORTED. PART III ACCOUNTING METHOD: X X X X X X 1 DAVIDSON & CO DONOR ACQUISITION & DEV STRATEGIES LLC 2127 CALIFORNIA ST NW 104 WASHINGTON DC 20008 ASSIST WITH DIRECT MAIL CAMPAIGN & FOUNDATION GRANT PROPOSAL 0 0 87002 742795 GREYSTONE STRATEGIES LLC 50 WOODSIDE PLAZA SUITE 204 REDWOOD CITY CA 94061 GRANTS STRATEGY AND WRITING 0 0 6000 0 93002 742795 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL DINNER 931750 844424 87326 378959 931750 844424 87326 378959 378959 -291633 X X 0 0 0 0 0 0 0 1 0 SCOTT HODGE PRESIDENT/SECRETARY 326760 0 50000 0 0 0 16500 0 779 0 394039 0 0 0 WILLIAM MCBRIDE VP OF FEDERAL TAX POLICY 161506 0 6000 0 0 0 8663 0 18446 0 194615 0 0 0 MICHAEL VOGLER SR. OFFICER, DEVELOPMENT & PARTNERSH 165000 0 13000 0 0 0 8663 0 779 0 187442 0 0 0 DANIEL D BUNN VP OF GLOBAL PROGRAMS 129127 0 6000 0 0 0 7245 0 19917 0 162289 0 0 0 PART I, LINE 3 THE TAX FOUNDATION PARTICIPATES IN THE ANNUAL THINK TANK COMPENSATION SURVEY WHICH COLLECTS COMPENSATION AND BENEFITS DATA RELEVANT TO THINK TANKS AND OTHER RESEARCH ORGANIZATIONS IN THE UNITED STATES THAT CONDUCT RESEARCH IN THE PUBLIC POLICY, FOREIGN POLICY, AND INTERNATIONAL RELATIONS ARENAS. THE BOARD OF DIRECTORS UTILIZES ITS EXPERIENCE AND EXPERTISE IN CONJUNCTION WITH THE SURVEY RESULTS IN DETERMINING THE APPROPRIATE SALARY LEVEL ANNUALLY. THE CHAIRPERSON OF THE BOARD OF DIRECTORS COMMUNICATES IN WRITING THE SALARY APPROVED BY THE BOARD TO THE APPROPRIATE ACCOUNTING AND HUMAN RESOURCES PERSONNEL. PART I, LINE 7 THE TAX FOUNDATION AWARDED PERFORMANCE BASED BONUSES TO SEVERAL EMPLOYEES, INCLUDING ALL OF THE HIGHEST COMPENSATED EMPLOYEES LISTED ON FORM 990, PART VII. THESE BONUSES ARE INCLUDED IN THE AMOUNTS REPORTED ON FORM 990, PART VII, SECTION A, COLUMN D - REPORTABLE COMPENSATION. X 6 79817 FMV X 3 11000 COST 0 0 0 PART I, COLUMN (B): TAX FOUNDATION REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS REVIEWED BY THE ACCOUNTING PERSONNEL AND THE PRESIDENT OF THE TAX FOUNDATION BEFORE BEING SIGNED BY THE PRESIDENT. A COPY OF THE 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS ELECTRONICALLY PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C AS A GENERAL POLICY MATTER THE TAX FOUNDATION DOES NOT PERMIT MEMBERS OF THE BOARD OF DIRECTORS TO ENTER INTO FINANCIAL ARRANGEMENTS, PROVIDE SERVICES, OR OTHERWISE BE COMPENSATED IN ANY MANNER, INCLUDING ANY COMPANY WITH WHICH SUCH BOARD MEMBER MAY BE ASSOCIATED. BIANNUALLY, ALL OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS MUST REVIEW AND SIGN A CONFLICT OF INTEREST POLICY STATEMENT. THE MONITORING OF COMPLIANCE IS HANDLED INFORMALLY AT REGULARLY SCHEDULED BOARD MEETINGS. FOR EMPLOYEES, THE CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN THEIR EMPLOYEE MANUAL. THEY SIGN THE MANUAL WHEN THEY ARE HIRED OR WHEN CHANGES ARE MADE TO THE MANUAL. FORM 990, PART VI, SECTION B, LINE 15 THE TAX FOUNDATION PARTICIPATES IN THE ANNUAL THINK TANK COMPENSATION SURVEY WHICH COLLECTS COMPENSATION AND BENEFITS DATA RELEVANT TO THINK TANKS AND OTHER RESEARCH ORGANIZATIONS IN THE UNITED STATES THAT CONDUCT RESEARCH IN THE PUBLIC POLICY, FOREIGN POLICY, AND INTERNATIONAL RELATIONS ARENAS. THE BOARD OF DIRECTORS UTILIZES ITS EXPERIENCE AND EXPERTISE IN CONJUNCTION WITH THE SURVEY RESULTS IN DETERMINING THE APPROPRIATE SALARY LEVEL ANNUALLY FOR THE PRESIDENT. THE LAST TIME THIS WAS DONE WAS IN NOVEMBER 2020. THE CHAIRPERSON OF THE BOARD OF DIRECTORS COMMUNICATES IN WRITING THE SALARY APPROVED BY THE BOARD TO THE APPROPRIATE ACCOUNTING AND HUMAN RESOURCES PERSONNEL IN DETERMINING THE APPROPRIATE SALARY LEVEL FOR THE PRESIDENT AND ALL STAFF MEMBERS. THE ORGANIZATION CURRENTLY HAS NO OTHER PAID OFFICERS OR STAFF MEMBERS CLASSIFIED AS "KEY EMPLOYEES" AS DEFINED BY THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES GOVERNING DOCUMENTS, THE FEDERAL FORM 990 AND APPLICATION FOR EXEMPTION (FEDERAL FORM 1023) TO INTERESTED PARTIES UPON REQUEST. COPIES OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE WEBSITE. THE ORGANIZATION HAS NOT BEEN ASKED TO AND CURRENTLY DOES NOT HAVE A POLICY OF PROVIDING A COPY OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION OF AN INDEPENDENT AUDITOR PROCESS DURING THE YEAR.