2022-02-14T12:23:08-06:00 2021-09-30 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2020-10-01 953298239 THE REASON FOUNDATION REAS 3107408579 5737 MESMER AVENUE LOS ANGELES CA 90230 DAVID NOTT PRESIDENT & CEO 3107408579 2022-02-08 1 DAVID NOTT 999009999 LIZBETH G NEVAREZ P01399868 3108731600 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID NOTT 5737 MESMER AVENUE LOS ANGELES CA 90230 18535374 0 X WWW.REASON.ORG X 1978 CA ADVANCE A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES. 22 20 95 20 110381 0 15019750 13980606 845445 1043588 227399 351352 78133 159311 16170727 15534857 0 0 0 0 8431631 8625174 0 0 1238768 4642465 4788695 13074096 13413869 3096631 2120988 15187245 19282371 2110164 2631109 13077081 16651262 X TO ADVANCE A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES, INCLUDING INDIVIDUAL LIBERTY, FREE MARKETS, AND THE RULE OF LAW. WE USE JOURNALISM AND PUBLIC POLICY RESEARCH TO INFLUENCE THE FRAMEWORKS AND ACTIONS OF POLICYMAKERS AND THE PUBLIC. 0 0 5123415 1037548 PROMOTING FREE MINDS AND FREE MARKETS SINCE 1968- 11 ISSUES PUBLISHED- 52,000 PAID/REQUESTED COPIES AND 4,000 NEWSSTAND COPIES SOLD PER MONTH- AVERAGE OF 4.9 MILLION USER VISITS PER MONTH AT REASON.COM AND 5.1 MILLION VISITS TO REASONTV 4301657 6040 REASON WORKS WITH MOTIVATED POLICYMAKERS TO DEVELOP AND IMPLEMENT MARKET-BASED REFORMS THAT ARE A MODEL FOR REFORM-MINDED POLICYMAKERS AT ALL LEVELS OF GOVERNMENT. OUR PENSION INTEGRITY PROJECT EDUCATES POLICYMAKERS AND TAXPAYERS ON PENSION REFORM. WE PRODUCED FIVE MAJOR TECHNICAL ANALYSES THAT FOCUS ON THE SOLVENCY OF PUBLIC EMPLOYEE RETIREMENT SYSTEMS IN ARIZONA, NORTH CAROLINA, NEW MEXICO, MISSISSIPPI, AND ARKANSAS, AS WELL AS POLICY BRIEFS THAT ADDRESS REDUCED PUBLIC SAFETY BUDGETS, VOLATILE INVESTMENT RETURNS, AND THE IMPACT OF COVID-19 ON PUBLIC PENSIONS, AND EDUCATED LEGISLATORS IN THOSE STATES VIA STUDIES, DIRECT OUTREACH, AND MORE 70 TOPICAL COMMENTARIES. DRAWING FROM DECADES OF RESEARCH ON THE BENEFITS OF SCHOOL CHOICE, REASON'S EDUCATION TEAM IS A LEADING VOICE IN PROMOTING NEW MODELS SUCH AS PANDEMIC PODS, ONLINE CHARTERS, BACKPACK FUNDING, AND OTHER OPTIONS THAT ENCOURAGE STUDENT ACHIEVEMENT AND ADVANCE THE FREEDOM TO INNOVATE IN EDUCATION. WE ARE ADVISING POLICYMAKERS AND ALLIES IN MORE THAN 20 STATES ON VIRTUAL SCHOOLING, SCHOOL FINANCE, AND SAFETY. OUR TRANSPORTATION TEAM IS ASSESSING THE CHANGES THAT THE PANDEMIC HAS MADE IN TRANSPORTATION USAGE, CALLING FOR GREATER DECENTRALIZATION AND A REEVALUATION OF HEAVILY SUBSIDIZED TRANSIT PROJECTS. REASON'S DRUG POLICY TEAM IS HELPING STATES BETTER UNDERSTAND POTENTIAL PITFALLS IN REGULATING LEGAL RECREATIONAL CANNABIS MARKETS AND PROVIDING SUPPORT TO POLICYMAKERS SEEKING TO FIX THE CHALLENGES OF LEGALIZATION. 1790527 "PROMOTING FREE MINDS AND FREE MARKETS THROUGH ONLINE VIDEO JOURNALISM.- 142 VIDEOS PRODUCED- AVERAGE OF 5,100,000 VIDEOS PLAYED EACH MONTHPODCASTSREASON PRODUCES 3 PODCASTS: THE REASON ROUNDTABLE, A WEEKLY DISCUSSION OF THE WEEK'S BIGGEST STORIES AND THEIR CONNECTION TO THE IDEAS OF FREE MINDS AND FREE MARKETS; THE REASON INTERVIEW WITH NICK GILLESPIE, A WEEKLY CONVERSATION WITH INNOVATIVE AND INTERESTING THINKERS FROM A VARIETY OF DISCIPLINES; AND THE MONTHLY SOHO FORUM DEBATES, FEATURING PUBLIC INTELLECTUALS FACING OFF OVER CONTROVERSIAL ISSUES.- AVERAGE OF 245,000 DOWNLOADS PER MONTH" 452111 REASON FOUNDATION PUBLISHES RESEARCH AND JOURNALISM AND ENGAGES IN EDUCATIONAL OUTREACH FROM A LIBERTARIAN PERSPECTIVE TO POLICYMAKERS, RELEVANT STAKEHOLDERS, AND THE GENERAL PUBLIC.- 18,000 ARTICLES CITING REASON EXPERTS- 3,300 MEDIA APPEARANCES BY REASON EXPERTS- 35 LEGISLATIVE TESTIMONIES- 40 POLICY STUDIES- 300 POLICY COMMENTARIES AND OP-EDS- 11 SURFACE TRANSPORTATION INNOVATIONS NEWSLETTERS & AIR SECURITY NEWSLETTERS- 11 AIR TRAFFIC CONTROL NEWSLETTERS- 4 REASON REPORT DONOR NEWSLETTERS 452111 11667710 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 86 0 95 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AR FL GA HI IL KS KY ME MD MA MI MN MS NH NM NY NC ND OK OR PA RI SC TN UT VA WV WI X X JONATHAN GRAFF 3103912245 5737 MESMER AVENUE LOS ANGELES CA 90230 DAVID NOTT PRESIDENT, CEO 40.00 0.00 X X 409134 0 91496 ROBERT POOLE FOUNDER, DIR OF TRANSPORTATION POLICY 40.00 0.00 X X 230000 0 360 NICHOLAS GILLESPIE EDITOR AT LARGE 40.00 0.00 X 227265 0 7255 ADRIAN T MOORE VICE PRESIDENT POLICY 40.00 0.00 X 202179 0 16496 KATHERINE MANGU-WARD VICE PRESIDENT/EDITOR-IN-CHIEF 40.00 0.00 X 195000 0 384 JONATHAN GRAFF CHIEF FINANCIAL OFFICER 40.00 0.00 X 194134 0 16486 LEONARD GILROY VICE PRESIDENT GOVERNMENT REFORM 40.00 0.00 X 188982 0 7207 MICHAEL ALISSI VICE PRESIDENT, OPERATIONS 40.00 0.00 X 175591 0 16458 MATTHEW WELCH EDITOR AT LARGE 40.00 0.00 X 166884 0 16458 CHRISTOPHER MITCHELL DIRECTOR OF COMMUNICATIONS 40.00 0.00 X 129639 0 10431 JACOB SULLUM SENIOR EDITOR 40.00 0.00 X 126384 0 16382 JACQUELINE PYKE DIRECTOR OF DEVELOPMENT 40.00 0.00 X 129500 0 308 STEPHEN MODZELEWSKI BOARD CHAIR 1.00 0.00 X X 0 0 0 THEODORE BARNETT TRUSTEE 1.00 0.00 X 0 0 0 THOMAS E BEACH TRUSTEE 1.00 0.00 X 0 0 0 BARON BOND TRUSTEE 1.00 0.00 X 0 0 0 DREW A CAREY TRUSTEE 1.00 0.00 X 0 0 0 JIM CARUSO TRUSTEE 1.00 0.00 X 0 0 0 DERWOOD S CHASE JR TRUSTEE 1.00 0.00 X 0 0 0 REBECCA DUNN TRUSTEE 1.00 0.00 X 0 0 0 PETER FARRELL TRUSTEE 1.00 0.00 X 0 0 0 C BOYDEN GRAY TRUSTEE 1.00 0.00 X 0 0 0 BRIAN HOOKS TRUSTEE (BEGAN MARCH 2021) 1.00 0.00 X 0 0 0 JAMES D JAMESON TRUSTEE 1.00 0.00 X 0 0 0 MANUEL S KLAUSNER TRUSTEE 1.00 0.00 X 0 0 0 JAMES LINTOTT TRUSTEE 1.00 0.00 X 0 0 0 TRAVIS MAY TRUSTEE 1.00 0.00 X 0 0 0 GEORGE F OHRSTROM TRUSTEE 1.00 0.00 X 0 0 0 CHRIS J RUFER TRUSTEE 1.00 0.00 X 0 0 0 RICHARD A WALLACE TRUSTEE 1.00 0.00 X 0 0 0 KERRY WELSH TRUSTEE 1.00 0.00 X 0 0 0 FRED M YOUNG JR TRUSTEE 1.00 0.00 X 0 0 0 2374692 0 199721 21 0 1 0 THE TERRY GROUP 130 EAST RANDOLPH STREET CHICAGO IL 60601 ACTUARIAL SERVICES 189450 RONALD BAILEY 517 SECOND STREET NE CHARLOTTESVILLE VA 22902 JOURNALISM 102000 2 133802 13846804 923660 13980606 SUBSCRIPTION SALES 900099 1037548 1037548 CONFERENCE REVENUE 900099 6040 6040 1043588 268961 268961 3052493 2970102 82391 82391 82391 30415 133802 30415 0 ADVERTISING INCOME 511120 110135 110135 OTHER INCOME 900099 40254 40254 MAILING LIST RENTAL 511120 8922 246 8676 159311 15534857 1043588 110381 400282 X 1883769 1632918 69258 181593 5692606 4953489 211073 528044 317689 265894 10789 41006 731110 566612 41935 122563 103381 103381 30450 1933 28517 1762840 1705218 57622 387355 383081 2463 1811 295936 179555 7149 109232 162560 151205 1523 9832 364699 314316 19495 30888 127776 92103 1568 34105 149679 143760 5919 37046 32236 1374 3436 144099 125992 5171 12936 MAGAZINE PRINTING AND D 511495 508452 3043 FOUNDATION-HOSTED EVENT 334852 334852 DUES AND SUBSCRIPTIONS 163751 161639 64 2048 PRINTED MATERIAL 116325 26914 162 89249 96451 87541 3469 5441 13413869 11667710 507391 1238768 1472812 1894970 56485 485376 20000 350000 120531 114971 3383545 673763 2735831 2709782 10604451 13455801 70014 177135 201457 15187245 19282371 1084623 1267423 282226 330563 743315 1033123 2110164 2631109 X 11113553 15156735 1963528 1494527 13077081 16651262 15187245 19282371 2120988 1453193 0 X 0 1 X 1 0 X 11684317 11345241 12629680 15019750 13980606 64659594 11684317 11345241 12629680 15019750 13980606 64659594 15641389 49018205 95961 117547 133967 227918 268961 844354 94 233 6183 7225 48930 62665 65566613 4867878 0.74760 0.76820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 59600 59600 12115501 12175101 758755 189689 0 0 784536 742761 758755 2286052 3429078 92000 32330 59600 183930 196134 185690 189689 571513 857270 65305 30424 14026 81703 55571 14025 4291 65305 61378 2000 4291 12098 55571 54867 11065 6034 10588 61378 63878 3233 7355 19599 54867 0.00000 0.62760 0.37240 0 0 1908473 1908473 1018670 353284 665386 16850 16850 0 439552 303629 135923 2709782 DEFERRED COMPENSATION 1033123 1033123 X 16971936 1453193 1453193 15518743 16114 16114 15534857 13397755 0 13397755 16114 16114 13413869 PART V, LINE 4: THE ENDOWMENT FUND WILL BE USED TO SUPPORT OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB'S) ACCOUNTING STANDARDS CODIFICATION TOPIC NO. 740, UNCERTAINTY IN INCOME TAXES, THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED SEPTEMBER 30, 2021, THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOUNDATION-HOSTED EVENTS AND CONFERENCES CREDIT 16,114. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOUNDATION-HOSTED EVENTS AND CONFERENCES CREDIT 16,114. CAMP REASON 152897 122482 30415 22904 7511 SAVAS AWARDS 11320 11320 164217 133802 30415 22904 7511 30415 0 X X X X 0 1 0 0 0 0 0 1 0 DAVID NOTT PRESIDENT, CEO 334134 0 75000 0 0 0 75000 0 16496 0 500630 0 0 0 ROBERT POOLE FOUNDER, DIR OF TRANSPORTATION POLIC 210000 0 20000 0 0 0 0 0 360 0 230360 0 0 0 NICHOLAS GILLESPIE EDITOR AT LARGE 207265 0 20000 0 0 0 0 0 7255 0 234520 0 0 0 ADRIAN T MOORE VICE PRESIDENT POLICY 152179 0 50000 0 0 0 0 0 16496 0 218675 0 0 0 KATHERINE MANGU-WARD VICE PRESIDENT/EDITOR-IN-CHIEF 160000 0 35000 0 0 0 0 0 384 0 195384 0 0 0 JONATHAN GRAFF CHIEF FINANCIAL OFFICER 144134 0 50000 0 0 0 0 0 16486 0 210620 0 0 0 LEONARD GILROY VICE PRESIDENT GOVERNMENT REFORM 133982 0 55000 0 0 0 0 0 7207 0 196189 0 0 0 MICHAEL ALISSI VICE PRESIDENT, OPERATIONS 130591 0 45000 0 0 0 0 0 16458 0 192049 0 0 0 MATTHEW WELCH EDITOR AT LARGE 141884 0 25000 0 0 0 0 0 16458 0 183342 0 0 0 PART I, LINE 4B DAVID NOTT, PRESIDENT AND CEO, PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. DURING THE YEAR ENDED SEPTEMBER 30, 2021, THE FOUNDATION DEPOSITED $75,000 INTO THE 457(F) PLAN. PART I, LINE 7 OFFICERS BONUSES ARE DETERMINED BY THE FINANCE COMMITTEE AS PART OF THE TOTAL COMPENSATION REVIEW THAT THEY DO BY REVIEWING A REPORT OF 990S FROM A SELECT GROUP OF OTHER CHARITIES. ADRIAN T MOORE SPOUSE OF OFFICER, ADRIAN T. MOORE 44250 SPOUSE OF OFFICER WAS PAID $44,250 DURING FY 2021 0 X 21 715650 FMV X MISC. ITEMS 14 227599 FMV 1 0 0 0 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF DONOR CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING WITH THE IRS THE DRAFT 990 WILL BE EMAILED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW, FEEDBACK WILL BE PROVIDED TO THE CFO. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS OF THE FOUNDATION WILL COMPLETE A FORM TO CERTIFY THAT THERE ARE NO EXISTING CONFLICTS. IF THERE ARE ANY CHANGES TO THAT STATUS THEY WILL COMPLETE AND SUBMIT ANOTHER FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA WAS ASSEMBLED FROM PUBLIC 990 FILINGS FOR SIMILAR POSITIONS WITHIN OTHER NONPROFIT ORGANIZATIONS AND PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WITH RECOMMENDATIONS FOR COMPENSATION. THE FINANCE COMMITTEE THEN DISCUSSED AND APPROVED COMPENSATION IN AN EXECUTIVE COMMITTEE MEETING OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST THE DOCUMENTS WILL BE MAILED OR E-MAILED TO THE REQUESTING PARTY. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,332,453. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 57,622. TOTAL EXPENSES 1,390,075. MARKETING CONTRACTORS: PROGRAM SERVICE EXPENSES 372,765. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 372,765.