2020-07-14T15:43:51-05:00 2019-12-31 521853933 JONES MARESCA & MCQUADE PA 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2019-01-01 521703065 TAX FOUNDATION TAXF 2024646200 1325 G STREET NW NO 950 WASHINGTON DC 20005 SCOTT HODGE PRESIDENT/SECRETARY 2024646200 2020-07-07 1 DAVID JONES P01361002 4108840220 2020-07-07 64.88.174.3 2020-07-07 09:15:53 ED P 3C3155FC485199F728C980AB5EC5DB38AD63B029 248F122C1CD98455D1EAD54961AB2A11B00DE755 2019 2021-01-29 14:40:06Z SCOTT HODGE 1325 G STREET NW NO 950 WASHINGTON DC 20005 7049996 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. 11 10 62 10 0 0 5427351 5128334 0 0 63256 439524 -175786 -204469 5314821 5363389 35439 9452 0 0 3154032 3800341 123906 0 1193010 1787262 2000896 5100639 5810689 214182 -447300 4251615 3940918 1089293 1053669 3162322 2887249 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 1531342 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 DYNAMIC SCORING MODEL, 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 2019, THE STAFF CONDUCTED MORE THAN 80 CAPITOL HILL MEETINGS AND BRIEFINGS, AND PRODUCED DOZENS ON REPORTS AND BLOG POSTS ON A VARIETY OF ISSUES THAT RECEIVED NEARLY 4,000 CITATIONS IN LEADING MEDIA OUTLETS. 1069027 STATE TAX POLICY PROGRAMS PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2019, THE FOUNDATION TESTIFIED OR PRESENTED TO OFFICIALS 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. IN 2019, THE STATE BUSINESS TAX CLIMATE INDEX WAS DOWNLOADED AND VIEWED NEARLY 200,000 TIMES. 648327 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 2019, THE FOUNDATION EARNED 18,494 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 WERE MENTIONED ON TV AND RADIO 2,091 TIMES; TAXFOUNDATION.ORG WAS VISITED 16.4 MILLION TIMES; ITS SOCIAL MEDIA ACCOUNTS EARNED 19 MILLION IMPRESSIONS; ITS DIGITAL ADVERTISING RESULTED IN 5.8 MILLION IMPRESSIONS; AND ITS REPORTS WERE DOWNLOADED 538,637 TIMES. 548061 9452 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 WAS CITED IN 93 COUNTRIES. 202548 LEGAL PROGRAM CULTIVATES, EXPLAINS, AND ADVOCATES FOR TAX LEGAL REFORM. WE DEVELOP INNOVATIVE PRO-GROWTH IDEAS IN TAX LAW WITH LEADING EXPERTS, EDUCATE THE LEGAL COMMUNITY AND THE PUBLIC ABOUT ECONOMICS AND TAXPAYER PROTECTIONS, AND ADVOCATE THAT JUDICIAL AND POLICY DECISIONS ON TAX LAW PROMOTE SIMPLE, NEUTRAL, TRANSPARENT, AND STABLE TAX POLICIES. 750609 9452 3999305 1 1 0 0 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 9 0 1 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 1 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 THE ORGANIZATION 2024646200 1325 G STREET NW NO 950 WASHINGTON DC 20005 SCOTT HODGE PRESIDENT AND BOARD SECRETARY 40.00 X X 297085 0 14770 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 DAVID NICHOLSON 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 JOSEPH HENCHMAN EXECUTIVE VICE PRESIDENT 40.00 X 345389 0 13240 MICHAEL VOGLER VICE PRESIDENT OF CORPORATE GIVING 40.00 X 161820 0 8795 NICOLE KAEDING DIR. OF FEDERAL PROJECTS 40.00 X 142508 0 13584 KYLE POMERLEAU VICE PRESIDENT FEDERAL TAX POLICY 40.00 X 116765 0 15187 MICHAEL LUCCI VICE PRESIDENT OF STATE PROJECTS 40.00 X 118769 0 1614 1182336 0 67190 9 0 1 0 V STUDIOS 8229 BOONE BLVD SUITE 420 VIENNA VA 22182 COMPUTER PROGRAMMING SUPPORT 103064 1 645378 4482956 54786 5128334 62219 62219 1690848 1313543 377305 377305 377305 149261 645378 373064 -223803 -223803 HONORARIA & REIMBURSEMENTS 900099 19334 19334 19334 5363389 0 0 235055 9452 9452 314770 234071 32697 48002 2980912 2216683 309643 454586 85315 63442 8863 13010 182466 135685 18955 27826 236878 176149 24605 36124 13192 13192 106471 106471 353346 224818 301 128227 26086 24756 1330 105898 76347 16379 13172 43049 31791 4440 6818 369241 274577 38355 56309 224657 188237 3912 32508 121142 105133 15546 463 137854 102511 14320 21023 20506 15249 2130 3127 DIRECT MAIL EXPENSES 327081 327081 DUES & SUBSCRIPTIONS 103539 85027 4821 13691 STAFF DEVELOPMENT 31410 20183 1510 9717 CHARITABLE REGISTRATION 10356 10356 7068 4838 904 1326 5810689 3999305 618374 1193010 323277 463264 298302 50890 304871 214198 79449 87684 1126792 644810 615720 481982 2553988 2563902 76008 78998 4251615 3940918 156369 195302 932924 858367 1089293 1053669 X 2963313 2546078 199009 341171 3162322 2887249 4251615 3940918 -447300 172227 0 X X 0 1 X 1 0 X 3577743 4274002 5115594 5222497 4904531 23094367 3577743 4274002 5115594 5222497 4904531 23094367 4982528 18111839 138044 97294 56570 63256 62219 417383 10082 56245 19128 29068 19334 133857 23645607 0.76600 0.77760 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 10,082. 2016 AMOUNT: $ 56,245. 2017 AMOUNT: $ 4,112. HONORARIA - 2017 AMOUNT: $ 15,016. 2018 AMOUNT: $ 29,068. 2019 AMOUNT: $ 19,334. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 645581 271042 374539 481211 373768 107443 481982 DEFERRED RENT & LEASE INCENTIVE 848524 CAPITAL LEASE LIABILITY 9843 858367 X 5535616 172227 172227 5363389 0 5363389 5810689 0 5810689 0 5810689 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. 0 0 0 0 0 0 0 0 0 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO HELP WITH THE RESEARCH, PREPARATION, AND PUBLICATION OF THE REGIONAL TAX COMPETITIVENESS INDEX. 6000 0 0 0 0 0 0 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 570407 84000 486407 AC FITZGERALD & ASSOCIATES LLC 300 N WASHINGTON ST STE 950 ALEXANDRIA VA 22314 ASSIST WITH FUNDRAISING CAMPAIGNS 0 0 29770 -29770 570407 113770 456637 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 794639 645378 149261 28500 119794 224770 794639 645378 149261 28500 119794 224770 373064 -223803 X X 1 0 0 0 0 0 0 1 0 SCOTT HODGE PRESIDENT AND BOARD SECRETARY 297085 0 0 0 0 0 14000 0 770 0 311855 0 0 0 JOSEPH HENCHMAN EXECUTIVE VICE PRESIDENT 125389 0 0 0 220000 0 6540 0 6700 0 358629 0 0 0 MICHAEL VOGLER VICE PRESIDENT OF CORPORATE GIVING 161820 0 0 0 0 0 8025 0 770 0 170615 0 0 0 NICOLE KAEDING DIR. OF FEDERAL PROJECTS 75008 0 0 0 67500 0 4084 0 9500 0 156092 0 0 0 PART I, LINE 3 THE TAX FOUNDATION PARTICIPATES IN THE ANNUAL THINK TANK COMPENSATION STUDY 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 STUDY 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 PERSONNEL. PART I, LINE 4A JOE HENCHMAN, EXECUTIVE VICE PRESIDENT, IS NO LONGER EMPLOYED BY THE TAX FOUNDATION AND RECEIVED A SEVERANCE PACKAGE TOTALING $220,000. NICOLE KEADING, DIR. OF FEDERAL PROJECTS, IS NO LONGER EMPLOYED BY THE TAX FOUNDATION AND RECEIVED A SEVERANCE PACKAGE TOTALING $67,500. 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. THE PRESIDENT DECLINED A BONUS FOR 2019. X 3 39404 SALE PRICE X WINE FOR ANNUAL EVENT 2 5382 FMV X 30 CASES LIQUOR 1 4000 FMV X 20 CASES OF BEER 1 3000 FMV X RIDE SHARE CREDITS 1 3000 FMV 0 0 0 PART I, COLUMN (B): TAX FOUNDATION REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION AMENDED ITS BY-LAWS AT THE END OF 2019. SIGNIFICANT CHANGES WERE MADE TO THE NUMBER OF BOARD OF DIRECTORS FROM 11 TO 13, AND INCREASING BOARD TERMS FROM 1 YEAR TO 3 YEARS, WITH UP TO 2 CONSECUTIVE TERMS, WITH STAGGERED TERMS BEGINNING IN 2020. 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 STUDY WHICH COLLECTS COMPENSATION AND BENEFITS DATA RELEVANT TO THINK TANKS AND OTHER RESEARCH ORGANIZATIONS IN THE U.S. 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 STUDY TO DETERMINE 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.