2022-06-13T10:14:02-05:00 2021-12-31 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2021-01-01 237327730 THE HERITAGE FOUNDATION HERI 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 KEVIN ROBERTS PRESIDENT 2025464400 2022-06-08 1 KEVIN ROBERTS XXX-XX-XXXX YONG ZHANG CPA P01249785 7033366400 2022-06-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KEVIN ROBERTS 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 106052812 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. 22 19 465 30 0 0 65877330 75262071 152804 33811 52493822 25519589 610523 967561 119134479 101783032 717386 174813 0 0 39785050 41277344 2255780 2438710 15319573 35995323 41918216 78753539 85809083 40380940 15973949 381332869 421262128 49578721 53989966 331754148 367272162 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. 0 0 31177210 5000 33811 (SEE SCHEDULE O)EDUCATIONAL PROGRAMS: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 2021, THF'S PUBLIC PROGRAMS PRODUCED 133 LIVE AND VIRTUAL EVENTS, ATTRACTING 20,514 ATTENDEES." HERITAGE'S RESOURCE BANK MEETING CONVENED OVER 300 CONSERVATIVE MOVEMENT LEADERS, DONORS, AND EXPERTS IN POLICY RESEARCH, CIVIC ENGAGEMENT, AND COMMUNICATION FOR THREE DAYS OF STRATEGIC DISCUSSIONS, WORKSHOPS, AND EDUCATIONAL PROGRAMMING. THF'S INTERN PROGRAM HOSTED A TOTAL OF 171 INTERNS, 75 OF WHICH WERE IN PERSON AND 96 IN A FULLY REMOTE WORK-STUDY EXPERIENCE. 480 YOUNG PROFESSIONALS PARTICIPATED IN THF'S ONLINE EDUCATIONAL SERIES, THE ACADEMY. THF'S GOVERNMENT RELATIONS HOSTED 146 POLICY BRIEFING EVENTS IN 2021 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 2021 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 28903051 32813 (SEE SCHEDULE O)PUBLIC POLICY RESEARCH:THE HERITAGE FOUNDATION PRODUCES HUNDREDS OF 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. 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. ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2021 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION. 8896014 137000 (SEE SCHEDULE O)MEDIA AND GOVERNMENT RELATIONS: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. IN 2021, THF PUBLISHED 106 ISSUE BRIEFS, 107 BACKGROUNDERS, 19 LEGAL MEMORANDA, AND 8 SPECIAL REPORTS. THF DELIVERED 30 CONGRESSIONAL TESTIMONIES. THF'S ANALYSTS MADE OVER 5,300 RADIO AND TELEVISION APPEARANCES IN 2021 AND EARNED OVER 1,900 OP-ED PLACEMENTS IN MAJOR PRINT AND ONLINE MEDIA OUTLETS. THF SENT OUT A DAILY NEWSLETTER, "THE MORNING BELL," TO OVER 444,000 SUBSCRIBERS, A NEWSLETTER, "THE AGENDA" TO OVER 223,000 SUBSCRIBERS, AND PUBLISHED HUNDREDS OF ARTICLES THROUGH THE FOUNDATION'S DIGITAL NEWS PUBLICATIONS. THF'S SOCIAL MEDIA PLATFORMS HAD 4 MILLION FANS AND FOLLOWERS AND ITS WEBSITES HERITAGE.ORG AND DAILYSIGNAL.COM HAD 71.1 MILLION TOTAL VISITOR SESSIONS. HERITAGE AND DAILY SIGNAL VIDEOS RECEIVED 36.4 MILLION VIEWS AND THEIR PODCASTS HAD OVER 3 MILLION LISTENS.ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2021 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 68976275 1 0 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 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 1 X 203 0 1 465 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 19 0 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 MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WI WV X JOHN BACKIEL VP FINANCE & ACCOUNTING 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 BARB VAN ANDEL-GABY CHAIRMAN 2.00 X 0 0 0 MICHAEL W GLEBA VICE CHAIRMAN 2.00 X 0 0 0 KAY COLES JAMES PRESIDENT 40.00 X X 930249 0 31909 LARRY P ARNN PHD TRUSTEE 2.00 X 0 0 0 EDWIN J FEULNER PHD DIST. VISITING FELLOW & TRUSTEE 8.00 X 148055 0 0 MALCOLM STEVENSON FORBES JR TRUSTEE 2.00 X 0 0 0 ROBERT P GEORGE TRUSTEE 2.00 X 0 0 0 RYAN HAGGERTY TRUSTEE 2.00 X 0 0 0 PRICE HARDING TRUSTEE 2.00 X 0 0 0 VIRGINIA HECKMAN TRUSTEE 2.00 X 0 0 0 WILLIAM J HUME TRUSTEE 2.00 2.00 X 0 0 0 MARK A KOLOKOTRONES TRUSTEE 2.00 X 0 0 0 EDWIN MEESE III REAGAN DIST. FELLOW EMER. & TRUSTEE 6.00 X 33077 0 0 REBEKAH A MERCER TRUSTEE 2.00 2.00 X 0 0 0 HON J WILLIAM MIDDENDORF II TRUSTEE 2.00 X 0 0 0 ABBY SPENCER MOFFAT TRUSTEE 2.00 X 0 0 0 NERSI NAZARI PHD TRUSTEE 2.00 2.00 X 0 0 0 ROBERT PENNINGTON TRUSTEE 2.00 X 0 0 0 ANTHONY J SALIBA TRUSTEE 2.00 X 0 0 0 THOMAS A SAUNDERS III TRUSTEE 2.00 X 0 0 0 BRIAN TRACY TRUSTEE 2.00 X 0 0 0 WILLIAM L WALTON TRUSTEE 2.00 X 0 0 0 KEVIN ROBERTS PRESIDENT 40.00 X 34511 0 2308 JOHN BACKIEL VP, FINANCE AND ACCOUNTING 40.00 X 258822 0 65042 THOMAS BINION VP, GOVERNMENT RELATIONS 40.00 X 244927 0 61745 ROBERT BLUEY VP, COMMUNICATIONS 40.00 X 279775 0 67309 CHRISTOPHER BYRNES GENERAL COUNSEL & SECRETARY 40.00 X 229680 0 60556 JAMES CARAFANO VP, DAVIS INST. FOR NAT'L SECURITY 40.00 X 310701 0 37869 WESLEY DYCK VP, PERSONNEL 40.00 X 275740 0 66328 KIM HOLMES EXECUTIVE VICE PRESIDENT 40.00 X 215436 0 4011 ERIC KORSVALL VP, OPERATIONS 40.00 X 256003 0 65779 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 40.00 X 277768 0 68787 ANDREW MCINDOE VP, DEVELOPMENT 40.00 X 263378 0 65942 ANGELA SAILOR VP, THE FEULNER INSTITUTE 40.00 X 253273 0 62962 JACK SPENCER VP, INST. FOR ECONOMIC FREEDOM 40.00 X 280285 0 68060 BRIDGETT WAGNER VP, POLICY PROMOTION 40.00 X 266684 0 60010 CHARMAINE YOEST VP, INST. FOR FAMILY, COMM., & OPP. 40.00 X 228417 0 1307 PAUL WINFREE DIRECTOR, ROE INSTITUTE 40.00 X 274928 0 44229 GENEVIEVE WOOD DIRECTOR, DONOR COMMUNICATIONS 40.00 X 269007 0 46554 MIGUEL M GONZALEZ SENIOR FELLOW 40.00 X 261190 0 64593 CARSTEN WALTER SR. DIRECTOR, DEVELOPMENT OPERATIONS 40.00 X 260126 0 64238 CHARLES STIMSON DEP. DIRECT. & ACTING CHIEF OF STAFF 40.00 X 256050 0 52922 6108082 0 1062460 127 0 1 0 BOGNET CONSTRUCTION ASSOCIATES INC 8224 OLD COURTHOUSE ROAD VIENNA VA 22182 CONSTRUCTION 2120542 CONRAD DIRECT INC 300 KNICKERBOCKER RD CRESSKILL NJ 07626 MAILING CONTACT MGMT 1883480 MERKLE RESPONSE SERVICES INC 100 JAMISON COURT HAGERSTOWN MD 21740 MAILING CONTACT MGMT 1470573 NEXT AFTER LLC 5810 TENNYSON PARKWAY SUITE 102 PLANO TX 75024 MAILING CONTACT MGMT 1249259 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVENUE MESA AZ 85210 FUNDRAISING, CUSTOMER SERVICE 1197550 44 75262071 3028024 75262071 MEDIA & PUBLICATION 511190 33811 33811 33811 2482072 2482072 19023 19023 630097 1387205 -757108 -757108 -757108 25920092 2714851 167724 23205241 -167724 23037517 23037517 OTHER INCOME 900099 1705646 1705646 1705646 101783032 33811 0 26487150 149813 149813 25000 25000 5576706 4746252 86702 743752 27666519 23607565 422998 3635956 1443605 1160646 26250 256709 4197953 3665948 67068 464937 2392561 1923599 43504 425458 128302 109192 12740 6370 114764 94382 1948 18434 2438710 2438710 916553 737030 16654 162869 7431574 6938877 142890 349807 998847 754542 219 244086 15457712 12141579 20810 3295323 4551900 3024657 48222 1479021 3442496 2813112 399335 230049 955973 691054 11231 253688 3728518 2953679 101667 673172 314517 252869 5719 55929 2688567 2161585 48887 478095 114466 84609 26124 3733 DUES & SUBSCRIPTIONS 742502 656280 24908 61314 BOOKS & PRODUCTS 219494 180658 4273 34563 HONORARIA/WRITER'S FEES 89636 84114 5522 OTHER EXPENSES 22395 19233 1086 2076 85809083 68976275 1513235 15319573 X 15344603 13476725 0 1867878 2423 1099 16653287 25688310 8586648 6067721 233787 232618 766537 1145824 145447549 49315098 92825388 96132451 176968519 193610757 84287111 96993081 1009169 1390267 381332869 421262128 9526479 9373658 26957136 32044866 13095106 12571442 49578721 53989966 X 242678801 273388431 89075347 93883731 331754148 367272162 381332869 421262128 X 15973949 18965844 578221 X 0 1 X 1 0 X 76582930 75564341 116941941 65877330 75262071 410228613 76582930 75564341 116941941 65877330 75262071 410228613 47714263 362514350 367469 764570 469710 1898026 3131192 6630967 1693513 1517838 1441168 1655442 1705646 8013607 424873187 1922611 0.85320 0.86000 X 0 71876718 71876718 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 216474428 448633 40285428 10230554 1044204 245933731 206439566 1345701 19609287 10119068 801058 216474428 160512607 29295514 28302761 10503428 1167888 206439566 173622149 6850506 -11617790 7595806 746452 160512607 151164944 2387800 28290192 7295013 925774 173622149 0.67050 0.16960 0.15990 0 0 12828701 12828701 121145046 39241243 81903803 8249217 7507278 741939 3224585 2566577 658008 96132451 INVESTMENTS IN ALTERNATIVES & LP'S 80406995 F TRUSTS & ANNUITIES 16586086 F 96993081 DEFERRED COMPENSATION PLAN 3325172 SPLIT-INTEREST AGREEMENTS 9246270 12571442 X 121797750 18965844 578221 19544065 102253685 916552 -1387205 -470653 101783032 86279736 1387205 1387205 84892531 916552 916552 85809083 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 FOR THE EXCLUSIVE BENEFIT 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, 2021: 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 OF 1986. 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, 2021 AND 2020, RESPECTIVELY. 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 1,768,290. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -585,316. PLEDGES RESCINDED -604,753. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES -1,387,205. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES 1,387,205. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 712 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 4714 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 176449 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 8829 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 184 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17165769 0 0 0 0 0 0 17356657 0 17356657 0 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 12806307 791454 12014853 WARFIELD & WALSH INC 601 S WASHINGTON STREET ALEXANDRIA VA 223143004 CONSULTANTS ON DIRECT MAIL PROGRAM 0 3139336 477343 2661993 THREE CREATIVE INC 10211 WINCOPIN CIRCLE 100 COLUMBIA MD 21044 CONSULTANTS ON DIRECT MAIL PROGRAM 0 1726699 197766 1528933 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVENUE MESA AZ 85210 CONSULTANTS ON FUNDRAISING 0 1009855 949436 60419 HSP DIRECT 20130 LAKEVIEW CENTER PLAZA SUITE ASHBURN VA 20147 CONSULTANTS ON DIRECT MAIL PROGRAM 0 165944 22711 143233 18848141 2438710 16409431 AK AL AR CO CT DC FL HI IL KS KY LA MA MD ME MI MS MO NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV MN GA CA NV 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: ODELL, SIMMS & LYNCH, INC. PRINTING: $32,877 NAME OF FUNDRAISER: WARFIELD & WALSH, INC. PRINTING: $34,367 NAME OF FUNDRAISER: MDS COMMUNICATIONS CORPORATION PRINTING: $86,678 POSTAGE: $959 SPEAKER/PARTICIPANT/CONSULTANT TRAVEL: $1,044 CONSULTING (NON-FUNDRAISING): $247,912 1 CONCERNED WOMEN FOR AMERICA 1000 N PAYNE ST ALEXANDRIA VA 22314 953580834 501(C)(3) 75000 0 GENERAL OPERATIONS READY WILLING & WORKING 1451 PENNSYLVANIA AVE SE WASHINGTON DC 20003 262383012 501(C)(3) 40000 0 GENERAL OPERATIONS 2 SALVATORI PRIZE FOR CITIZENSHIP 1 25000 PART I, LINE 2: THE HERITAGE FOUNDATION ("THF") MAKES PERIODIC CONTRIBUTIONS, BUT IS NOT A GRANT-MAKING ORGANIZATION. THF'S CONTRIBUTIONS TO OTHER QUALIFYING ORGANIZATIONS IN 2021 COMPRISED APPROXIMATELY TWO TENTHS OF A PERCENT OF TOTAL ANNUAL EXPENSES. IF AN ORGANIZATION MAKES A GRANT REQUEST, THE REQUESTING ORGANIZATION IS RESEARCHED AND REVIEWED BY STAFF TO DETERMINE IF A GRANT ALIGNS WITH THF'S OBJECTIVES AND OVERALL MISSION. IF A GRANT IS AWARDED, IT MUST BE USED TO SUPPORT THOSE PURPOSES. THE GRANT AMOUNT IS THEN DETERMINED BY THE RELEVANT MANAGER AND AWARDED TO THE REQUESTING ORGANIZATION. PERIODIC REPORTS OF THE USE OF THE GRANT FUNDS BY THE GRANTEE ORGANIZATION ARE REQUIRED AS A CONDITION OF THE AWARD. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 KAY COLES JAMES PRESIDENT 534350 0 366000 0 29899 0 0 0 31909 0 962158 0 0 0 JAMES CARAFANO VP, DAVIS INST. FOR NAT'L SECURITY 251954 0 50300 0 8447 0 36100 0 1769 0 348570 0 0 0 JACK SPENCER VP, INST. FOR ECONOMIC FREEDOM 225752 0 53600 0 933 0 35980 0 32080 0 348345 0 0 0 ROBERT BLUEY VP, COMMUNICATIONS 224853 0 34800 0 20122 0 35425 0 31884 0 347084 0 0 0 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 223477 0 50300 0 3991 0 35360 0 33427 0 346555 0 0 0 WESLEY DYCK VP, PERSONNEL 222713 0 50300 0 2727 0 34993 0 31335 0 342068 0 0 0 ANDREW MCINDOE VP, DEVELOPMENT 208656 0 54300 0 422 0 33958 0 31984 0 329320 0 0 0 BRIDGETT WAGNER VP, POLICY PROMOTION 219409 0 43300 0 3975 0 32346 0 27664 0 326694 0 0 0 MIGUEL M GONZALEZ SENIOR FELLOW 214188 0 43300 0 3702 0 34120 0 30473 0 325783 0 0 0 CARSTEN WALTER SR. DIRECTOR, DEVELOPMENT OPERATIONS 217255 0 40300 0 2571 0 34024 0 30214 0 324364 0 0 0 JOHN BACKIEL VP, FINANCE AND ACCOUNTING 211945 0 46300 0 577 0 33048 0 31994 0 323864 0 0 0 ERIC KORSVALL VP, OPERATIONS 207849 0 47300 0 854 0 33795 0 31984 0 321782 0 0 0 PAUL WINFREE DIRECTOR, ROE INSTITUTE 238784 0 35600 0 544 0 14087 0 30142 0 319157 0 0 0 ANGELA SAILOR VP, THE FEULNER INSTITUTE 215809 0 36200 0 1264 0 32373 0 30589 0 316235 0 0 0 GENEVIEVE WOOD DIRECTOR, DONOR COMMUNICATIONS 227365 0 40300 0 1342 0 34274 0 12280 0 315561 0 0 0 CHARLES STIMSON DEP. DIRECT. & ACTING CHIEF OF STAFF 169188 0 85300 0 1562 0 23001 0 29921 0 308972 0 0 0 THOMAS BINION VP, GOVERNMENT RELATIONS 202227 0 42300 0 400 0 31656 0 30089 0 306672 0 0 0 CHRISTOPHER BYRNES GENERAL COUNSEL & SECRETARY 194909 0 34300 0 471 0 30249 0 30307 0 290236 0 0 0 CHARMAINE YOEST VP, INST. FOR FAMILY, COMM., & OPP. 192731 0 34000 0 1686 0 0 0 1307 0 229724 0 0 0 KIM HOLMES EXECUTIVE VICE PRESIDENT 107154 0 85500 0 22782 0 0 0 4011 0 219447 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: THE HERITAGE FOUNDATION (THF) ALLOWS FIRST CLASS TRAVEL OR CHARTER TRAVEL FOR THE PRESIDENT AND 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 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 74245 EMPLOYMENT 0 X 168 3028024 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNTS REPORTED IN COLUMN (B) REPRESENT THE NUMBER OF INDIVIDUAL CONTRIBUTIONS. 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, 2022. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD AMENDED THE BYLAWS IN 2021 TO ALLOW FOR INDEMNIFICATION OF TRUSTEES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW. THE BOARD ALSO ADDED AN ARTICLE TO THE FOUNDATION'S ARTICLES OF INCORPORATION IN 2021 TO LIMIT THE PERSONAL LIABILITY OF TRUSTEES OR OFFICERS OF THE FOUNDATION TO THE FULLEST EXTENT PERMITTED BY THE LAWS OF THE DISTRICT OF COLUMBIA. 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 CHIEF OPERATING OFFICER. A COMPLETE FINAL DRAFT OF THE FORM 990 IS GIVEN TO THE BOARD OF TRUSTEES FOR FINAL COMMENTS AND APPROVAL BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW HERITAGE EMPLOYEES ARE REQUIRED TO SIGN AND ACKNOWLEDGE 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, 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 2021, 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 2021, 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 XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 1,768,290. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -585,316. PLEDGES RESCINDED -604,753. 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