2021-08-05T08:24:28-05:00 2020-12-31 521853933 JONES MARESCA & MCQUADE PA 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2020-01-01 521703065 TAX FOUNDATION TAXF 2024646200 1325 G STREET NW NO 950 WASHINGTON DC 20005 SCOTT HODGE PRESIDENT/SECRETARY 2024646200 2021-08-04 1 SCOTT HODGE 999009999 MEENA BISHNOI P01480769 4108840220 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SCOTT HODGE 1325 G STREET NW NO 950 WASHINGTON DC 20005 5701531 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 37 9 0 0 5128334 5613410 0 0 439524 61478 -204469 -41206 5363389 5633682 9452 7500 0 0 3800341 3154368 0 0 685755 2000896 1586093 5810689 4747961 -447300 885721 3940918 5116395 1053669 1035292 2887249 4081103 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 1 1305296 FEDERAL TAX POLICY PROGRAMS PROMOTES SOUND TAX POLICY IN WASHINGTON D.C. THE FOUNDATION PROVIDES OBJECTIVE DATA AND ANALYSIS ON TAX POLICY, USING SEVERAL TOOLS, INCLUDING MODELING OF ECONOMIC AND BUDGETARY EFFECTS, RESEARCH AND WRITING, CAPITOL HILL BRIEFINGS, AND CONGRESSIONAL TESTIMONY. THE FOUNDATION ESTABLISHED ITSELF AS THE GO-TO RESOURCE ON FEDERAL TAX ISSUES FOR POLICYMAKERS. IN 2020, DESPITE IN-PERSON LIMITATIONS, THE STAFF CONDUCTED MORE THAN 45 CAPITOL HILL MEETINGS AND BRIEFINGS AND PRODUCED DOZENS ON REPORTS AND BLOG POSTS ON A VARIETY OF ISSUES THAT RECEIVED 9,060 CITATIONS IN LEADING MEDIA OUTLETS. 1049296 RESEARCH AND COMMUNICATION - THE FOUNDATION'S MARKETING TEAM MAKES TAX POLICY ENGAGING AND ACCESSIBLE TO TAXPAYERS, LEGISLATORS, AND THE MEDIA THROUGH INNOVATIVE, MULTICHANNEL 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 2020, THE FOUNDATION EARNED 20,370 MEDIA CITATIONS IN THE WORLD'S TOP NEWS OUTLETS, INCLUDING THE WALL STREET JOURNAL, THE WASHINGTON POST, THE NEW YORK TIMES, NBC, FOX NEWS, AND NPR; ITS EXPERTS CONDUCTED 104 RADIO AND TV INTERVIEWS; TAXFOUNDATION.ORG WAS VISITED 26.7 MILLION TIMES, LEADING TO 486,852 REPORT DOWNLOADS; ITS SOCIAL MEDIA ACCOUNTS EARNED 27 MILLION IMPRESSIONS; ITS DIGITAL ADVERTISING RESULTED IN 12.8 MILLION IMPRESSIONS; AND ITS EMAIL NEWSLETTER GREW TO 47,508 SUBSCRIBERS. 706371 STATE TAX POLICY PROGRAMS PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2020, THE FOUNDATION TESTIFIED OR PRESENTED TO OFFICIALS--MOSTLY VIRTUALLY--IN 35 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, AND THE FOUNDATION EXPERTS WERE A VITAL RESOURCE TO POLICYMAKERS AND JOURNALISTS AS STATES NAVIGATED TAX POLICY DURING THE PANDEMIC. 399389 7500 GLOBAL TAX REFORM PROGRAM WAS LAUNCHED IN 2018 IN ORDER TO PROMOTE PRO-GROWTH TAX POLICIES THROUGHOUT THE WORLD WITH A PRIMARY FOCUS ON EUROPE. THE GLOBAL PROGRAM 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. THE TAX FOUNDATION'S WORK RECEIVED 3,730 INTERNATIONAL MEDIA CITATIONS. 399389 7500 3460352 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 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 15 0 1 37 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 1 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 NO 950 WASHINGTON DC 20005 SCOTT HODGE PRESIDENT/SECRETARY 40.00 X X 347300 0 15779 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 T RESSEGUE VP OF DEVELOPMENT 40.00 X 114245 0 10399 MICHAEL VOGLER MAJOR GIFTS OFFICER 40.00 X 172880 0 9029 DANIEL D BUNN VP OF GLOBAL PROJECTS 40.00 X 128486 0 24255 JARED M WALCZAK VP OF STATE PROJECTS 40.00 X 122007 0 11168 COLBY PASTRE VP OF MARKETING & COMMUNICATIONS 40.00 X 121677 0 10817 1006595 0 81447 8 0 1 0 MVP PRESS LLC 43720 TRADE CENTER PLACE SUITE 145 STERLING VA 20166 DIRECT MAIL & PRINTING SERVICES 116483 1 298000 5315410 40077 5613410 55632 55632 503 503 29999 24153 5846 5846 5846 0 298000 43696 -43696 -43696 HONORARIA & REIMBURSEM 900099 1987 1987 1987 5633682 0 0 20272 7500 7500 363078 286266 21759 55053 2343471 1847326 140873 355272 82581 65399 4600 12582 164525 129975 9871 24679 200713 158951 11182 30580 1483 1483 108727 108727 370049 256118 73931 40000 23189 19687 3502 77992 57730 10704 9558 37334 14276 21562 1496 367484 289682 22090 55712 22720 12879 1135 8706 8551 8551 105408 83273 6324 15811 21753 17147 1308 3298 DIRECT MAIL EXPENSES 336652 141018 137319 58315 DUES & SUBSCRIPTIONS 84564 69222 649 14693 CHARITABLE REGISTRATION 12529 2430 10099 STAFF DEVELOPMENT 7391 1285 6106 267 188 79 4747961 3460352 601854 685755 463264 957537 50890 603089 214198 37372 87684 127657 1138719 750219 481982 388500 2563902 2919493 78998 82747 3940918 5116395 195302 265996 858367 769296 1053669 1035292 X 2546078 3328619 341171 752484 2887249 4081103 3940918 5116395 885721 308133 0 X X 0 1 X 1 0 X 4274002 5115594 5222497 4904531 5613410 25130034 4274002 5115594 5222497 4904531 5613410 25130034 5831400 19298634 97294 56570 63256 62219 56135 335474 56245 19128 29068 19334 1987 125762 25591270 0.75410 0.76600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 56,245. 2017 AMOUNT: $ 4,112. 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 645581 325133 320448 493138 425086 68052 388500 DEFERRED RENT & LEASE INCENTIVE 761783 CAPITAL LEASE LIABILITY 7513 769296 X 5941815 308133 308133 5633682 0 5633682 4747961 0 4747961 0 4747961 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. 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 671281 86531 584750 GREYSTONE STRATEGIES LLC 50 WOODSIDE PLAZA SUITE 204 REDWOOD CITY CA 94061 GRANTS STRATEGY AND WRITING 0 520000 40000 480000 1191281 126531 1064750 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 298000 298000 43696 298000 298000 43696 43696 -43696 X X 0 0 0 0 0 0 0 1 0 SCOTT HODGE PRESIDENT/SECRETARY 347300 0 0 0 0 0 15000 0 779 0 363079 0 0 0 MICHAEL VOGLER MAJOR GIFTS OFFICER 172880 0 0 0 0 0 8250 0 779 0 181909 0 0 0 DANIEL D BUNN VP OF GLOBAL PROJECTS 128486 0 0 0 0 0 6500 0 17755 0 152741 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 5 40077 FMV 0 0 0 PART I, COLUMN (B): TAX FOUNDATION REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 3 THE TAX FOUNDATION ENDED ITS LEGAL PROGRAM AS OF DECEMBER 31, 2019. LEGAL PROGRAM CULTIVATED, EXPLAINED, AND ADVOCATED FOR TAX LEGAL REFORM. WE DEVELOPED INNOVATIVE PRO-GROWTH IDEAS IN TAX LAW WITH LEADING EXPERTS, EDUCATED THE LEGAL COMMUNITY AND THE PUBLIC ABOUT ECONOMICS AND TAXPAYER PROTECTIONS, AND ADVOCATED THAT JUDICIAL AND POLICY DECISIONS ON TAX LAW PROMOTE SIMPLE, NEUTRAL, TRANSPARENT, AND STABLE TAX POLICIES. 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 15A 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 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.