2020-02-13T09:18:10-06:00 2019-09-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2018-10-01 953298239 THE REASON FOUNDATION REAS 3103912245 5737 MESMER AVENUE LOS ANGELES CA 90230 DAVID NOTT PRESIDENT & CEO 3103912245 2020-02-11 1 LIZBETH G NEVAREZ P01399868 3108731600 38.186.35.254 2020-02-11 14:40:28 PS P C17A68E60ED71390DFC2B5991AA8F3310AE1F619 1E5C2E37194314C3A47C760AEAFDC059525B6175 2018 2020-09-23 17:36:50Z DAVID NOTT 5737 MESMER AVENUE LOS ANGELES CA 90230 15444066 0 X WWW.REASON.ORG X 1978 CA ADVANCE A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES. 26 24 97 24 112444 0 11345241 12629680 984910 985041 116591 171967 -346953 118627 12099789 13905315 0 0 0 0 7125121 7647424 0 0 1375530 5565594 5820284 12690715 13467708 -590926 437607 10773512 11377930 1918200 2005730 8855312 9372200 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 4479195 776644 REASON MAGAZINEPROMOTING "FREE MINDS AND FREE MARKETS" SINCE 1968 - 11 ISSUES PUBLISHED - 46,300 PAID/REQUESTED COPIES AND 1,000 NEWSSTAND COPIES SOLD PER MONTH - AVERAGE OF 4.1 MILLION USER VISITS PER MONTH AT REASON.COM. 4042605 RESEARCH AND ANALYSIS OF ISSUES RELATING TO REFORM, AND ENVIRONMENT -- EDUCATIONAL OUTREACH FROM A LIBERTARIAN PERSPECTIVE TO POLICYMAKERS, RELEVANT STAKEHOLDERS, AND THE GENERAL PUBLIC - 9,000 PRINT ARTICLES CITING REASON EXPERTS - 25,600 ONLINE ARTICLES CITING REASON EXPERTS - 870 MILLION TOTAL CIRCULATION OF ARTICLES - 1,300 MEDIA APPEARANCES BY REASON EXPERTS - 10 LEGISLATIVE TESTIMONIES - 34 POLICY STUDIES- 13 AMICUS BRIEFS. 1714351 REASON-TVPRODUCING FREE MARKET IDEAS THROUGH VIDEO JOURNALISM ONLINE - 155 VIDEOS PRODUCED - AVERAGE OF 3,900,000 VIDEOS PLAYED EACH MONTH. 1017346 STOSSEL ON REASONSINCE ITS LAUNCH IN 2017, REASON'S VIDEO COLLABORATION WITH BROADCASTING LEGEND AND 19-TIME EMMY WINNER JOHN STOSSEL DEBUTED HAS PRODUCED OVER 110 VIDEOS, RANGING FROM DOCUMENTARY AND INVESTIGATIVE SEGMENTS TO INTERVIEWS WITH HIGH-PROFILE INDIVIDUALS, MAN-ON-THE-STREET EXCHANGES, AND VIDEO OP-EDS. 412684 208397 PUBLIC AFFAIRSREASON WORKS WITH MOTIVATED POLICYMAKERS TO IMPLEMENT MARKET-BASED REFORMS THAT OTHERS CAN SUCCESSFULLY COPY. REASON'S PENSION INTEGRITY TEAM PROVIDES STATES AND LOCALITIES WITH THE KNOWLEDGE AND EXPERTISE TO IMPLEMENT FINANCIALLY SOUND RETIREMENT REFORMS, WHICH HAS LED TO OVER 43 POLICY VICTORIES IN FIVE STATES SO FAR. IN ONE STATE, OUR TECHNICAL ASSISTANCE TO LEGISLATORS AND PUBLIC SAFETY ASSOCIATIONS LED TO THE BIPARTISAN PASSAGE OF AN INITIAL PACKAGE OF SEVEN BILLS TO RESTORE SOLVENCY TO THE MICHIGAN'S STATE POLICE RETIREMENT SYSTEM. REASON'S TRANSPORTATION POLICY EXPERTS MEET WITH THE U.S. DEPARTMENT OF TRANSPORTATION (DOT) STAFF MONTHLY AND SIT ON AN AUTOMATED VEHICLE ADVISORY BOARD. AS A RESULT, THE WHITE HOUSE HAS ADOPTED AS OFFICIAL POLICY OUR RECOMMENDATION TO REPLACE THE FEDERAL GAS EXCISE TAX WITH TOLLS AND MILEAGE-BASED USER FEES, ALONG WITH OUR RECOMMENDATIONS TO REQUIRE COST/BENEFIT ANALYSIS FOR TRANSIT GRANTS. AT THE STATE LEVEL, REASON'S EXPERTS WORKED WITH MARYLAND TO CREATE A TOLL-CONCESSION PUBLIC-PRIVATE PARTNERSHIP IN WHICH THE PRIVATE PARTNER DESIGNS, BUILDS, FINANCES, OPERATES, AND MAINTAINS THE ROADWAY USING TOLLS. IN THE DAYS AFTER ITS AUGUST RELEASE, REASON'S "ANNUAL HIGHWAY REPORT" GENERATED CITATIONS IN 250 PRINT AND ONLINE NEWS STORIES AND 200 TELEVISION AND RADIO SEGMENTS IN NATIONAL AND LOCAL OUTLETS. REASON'S RESEARCH ON SCHOOL CHOICE AND STATE-BY-STATE EFFORTS TO IMPLEMENT SCHOOL FINANCE REFORMS ARE HELPING TO ENSURE THAT EDUCATION DOLLARS ARE SPENT MORE EFFICIENTLY AND EFFECTIVELY. SEVERAL OF OUR RECOMMENDATIONS ISSUED IN OUR BRIEFS AND TESTIMONY WERE ADOPTED BY THE ARIZONA STATE BOARD FOR CHARTER SCHOOLS, PROVIDING BETTER ACCOUNTABILITY WHILE ENSURING THAT FEWER CHARTERS WILL BE FALSELY LABELED AS FINANCIALLY UNSTABLE. THE DRUG POLICY CENTER PURSUES A COMBINATION OF LEGISLATIVE ENGAGEMENT, RESEARCH, AND MEDIA OUTREACH TO REPLACE PROHIBITION WITH A WELL-FUNCTIONING, LEGAL AND COMPETITIVE MARKET, WHILE EMPHASIZING PERSONAL RESPONSIBILITY, HARM REDUCTION, AND PRIVATE SOCIAL SERVICES TO HELP WITH ADDICTION. FOR INSTANCE, FOLLOWING MICHIGAN'S SUCCESSFUL BALLOT INITIATIVE TO LEGALIZE MARIJUANA, REASON'S POLICY SPECIALISTS HELD 38 IN-PERSON MEETINGS WITH LEGISLATORS, REGULATORS, AND STAFF, INCLUDING WITH THE GOVERNOR'S SENIOR POLICY ADVISORS AND OTHER LEGISLATIVE LEADERS, TO HELP ACHIEVE SOME OF THE MOST MARKET-FRIENDLY RULES SEEN IN THE NATION TODAY. TO ADDRESS THE OPIOID CRISIS AND PROVIDE A COUNTERWEIGHT TO THE MISINFORMATION THAT IS HARMING LEGITIMATE PAIN SUFFERERS, REASON COMPILED A COMPREHENSIVE COUNTY-LEVEL DATABASE TO SHARE WITH OTHER RESEARCHERS IN THE FIELD. REASON'S WORK IS DIRECTLY CONFRONTING IRRATIONAL POLICYMAKING AND THE GROWING MORAL PANIC AROUND VAPING PRODUCTS. WE HAVE PROVIDED LEGISLATIVE TESTIMONY ON MICHIGAN'S FIRST-IN-THE-NATION STATEWIDE BAN ON FLAVORED E-CIGARETTE PRODUCTS AND ARE WORKING WITH LEGISLATORS TO DESIGN DEREGULATION POLICIES TO AVOID THE DETRIMENTAL PUBLIC HEALTH EFFECTS OF PROHIBITION. WE HELPED DEFEAT TAX HIKES ON E-CIGARETTES IN UTAH AND RHODE ISLAND AND PREVENTING AN E-CIGARETTE FLAVOR BAN IN ALBANY COUNTY, NY. OVERALL, IN 2019, REASON PRODUCED 35 POLICY PAPERS, ALONG WITH THE 32ND EDITION OF OUR "ANNUAL PRIVATIZATION REPORT AND DOZENS OF OP-ED PIECES PUBLISHED IN NATIONAL AND REGIONAL NEWS OUTLETS. REASON ALSO FILED MORE THAN A DOZEN AMICUS BRIEFS IN 2019 IN CASES THAT TOUCH ON SCHOOL CHOICE, FREE SPEECH, AND DUE PROCESS OF LAW. 1430030 208397 11666181 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 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 89 0 1 97 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JONATHAN GRAFF 3103912245 5737 MESMER AVENUE LOS ANGELES CA 90230 STEPHEN MODZELEWSKI BOARD CHAIR 1.00 0.00 X 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 JOAN CARTER 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 PETER P COPSES TRUSTEE 1.00 0.00 X 0 0 0 JAMES R CURLEY 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 DAVID FLEMING TRUSTEE 1.00 0.00 X 0 0 0 C BOYDEN GRAY TRUSTEE 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 DAVID H KOCH 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 CAROL SANDERS 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 DAVID NOTT PRESIDENT, CEO 40.00 0.00 X X 382357 0 58214 ROBERT POOLE FOUNDER, DIRECTOR OF TRANSPORTATION POLICY 40.00 0.00 X X 230000 0 368 JONATHAN GRAFF CHIEF FINANCIAL OFFICER 40.00 0.00 X 183523 0 10667 ADRIAN T MOORE VICE PRESIDENT POLICY 40.00 0.00 X 198162 0 10534 LEONARD GILROY VICE PRESIDENT GOVERNMENT REFORM 40.00 0.00 X 139935 0 4665 MICHAEL ALISSI VICE PRESIDENT, OPERATIONS 40.00 0.00 X 170693 0 10648 KATHERINE MANGU-WARD VICE PRESIDENT/EDITOR-IN-CHIEF 40.00 0.00 X 161515 0 0 NICHOLAS GILLESPIE EDITOR AT LARGE 40.00 0.00 X 225441 0 4804 MATTHEW WELCH EDITOR AT LARGE 40.00 0.00 X 157007 0 10648 MAXIM LOTT SENIOR PRODUCER, STOSSEL ON REASON 40.00 0.00 X 129210 0 4627 JACQUELINE PYKE DIRECTOR OF DEVELOPMENT 40.00 0.00 X 118333 0 260 CHRISTOPHER MITCHELL DIRECTOR OF COMMUNICATIONS 40.00 0.00 X 115973 0 6742 2212149 0 122177 18 0 1 0 JFS PRODUCTIONS INC 250 W 57TH STREET 1723 NEW YORK NY 10107 TV PRODUCTION 500639 1 500084 12129596 447316 12629680 SUBSCRIPTION SALES 900099 776644 776644 CONFERENCE REVENUE 900099 208397 208397 985041 133967 133967 1543901 1505901 38000 38000 38000 32850 500084 32850 0 ADVERTISING INCOME 511120 109558 109558 MAILING LIST RENTAL 511120 7388 2886 4502 OTHER INCOME 900099 1681 1681 118627 13905315 985041 112444 178150 X 1771522 1560733 67073 143716 5083326 4490696 191205 401425 345894 294364 14166 37364 446682 380180 15943 50559 59134 59134 32262 32262 2165747 2156931 3399 5417 244964 193543 858 50563 216936 157850 6601 52485 137586 129737 3152 4697 402635 353776 21929 26930 491239 394538 365 96336 158591 149358 9233 75728 68110 2454 5164 118330 104860 4313 9157 FOUNDATION-HOSTED EVENT 730095 361942 0 368153 MAGAZINE PRINTING & DIS 636711 636711 0 0 PRINTED MATERIAL 153078 41683 1358 110037 DUES & SUBSCRIPTIONS 104045 102786 0 1259 93203 88383 1785 3035 13467708 11666181 425997 1375530 1299847 1680890 467663 366384 156866 259593 179311 87601 4223758 1449156 2839036 2774602 5654946 6105945 175843 102915 10773512 11377930 1640513 1113660 277687 301016 0 591054 1918200 2005730 X 7007719 7551786 1798314 1769134 49279 51280 8855312 9372200 10773512 11377930 X 437607 79281 X 0 1 X 1 0 X 9363678 10198865 11684317 11345241 12629680 55221781 9363678 10198865 11684317 11345241 12629680 55221781 12877040 42344741 55022 117912 95961 117547 133967 520409 674 3686 94 233 6183 10870 55753060 5377492 0.75950 0.77550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30532 30532 12050109 12080641 754032 188508 0 0 677678 768955 784536 754032 2985201 4477802 61265 95062 92000 30532 278859 169420 192239 196134 188508 746301 1119452 61378 2000 4291 12098 55571 54867 11065 6034 10588 61378 63878 3233 7355 19599 54867 63995 0 -117 0 63878 64112 0 -117 0 63995 0.92280 0.07720 0 0 1908473 1908473 1018670 277334 741336 16850 16850 0 1279765 1154972 124793 2774602 DEFERRED COMPENSATION 591054 591054 14069230 163915 163915 13905315 0 13905315 13552342 84634 84634 13467708 0 13467708 PART V, LINE 4: THE ENDOWMENT FUND WILL BE USED TO SUPPORT OPERATIONS OF THE ORGANIZATION. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 84,634. 50TH ANNIVERSARY 348178 333578 14600 14600 REASON IN GUATEMALA 130112 130112 1 54644 36394 18250 18250 532934 500084 32850 32850 32850 0 X X X X 0 1 0 0 0 0 0 1 0 DAVID NOTT PRESIDENT, CEO 332357 0 50000 0 0 0 47500 0 10714 0 440571 0 0 0 ROBERT POOLE FOUNDER, DIRECTOR OF TRANSPORTATION 200000 0 30000 0 0 0 0 0 368 0 230368 0 0 0 JONATHAN GRAFF CHIEF FINANCIAL OFFICER 143523 0 40000 0 0 0 0 0 10667 0 194190 0 0 0 ADRIAN T MOORE VICE PRESIDENT POLICY 158162 0 40000 0 0 0 0 0 10534 0 208696 0 0 0 MICHAEL ALISSI VICE PRESIDENT, OPERATIONS 135693 0 35000 0 0 0 0 0 10648 0 181341 0 0 0 KATHERINE MANGU-WARD VICE PRESIDENT/EDITOR-IN-CHIEF 131515 0 30000 0 0 0 0 0 0 0 161515 0 0 0 NICHOLAS GILLESPIE EDITOR AT LARGE 205441 0 20000 0 0 0 0 0 4804 0 230245 0 0 0 MATTHEW WELCH EDITOR AT LARGE 137007 0 20000 0 0 0 0 0 10648 0 167655 0 0 0 PART I, LINE 4B THE ORGANIZATION ACCRUED $75,000 THIS YEAR ON BEHALF OF DAVID NOTT, PRESIDENT & CEO, WHICH WILL BE DEPOSITED INTO AN IRC SECTION 457(F) NONQUALIFIED SIMPLIFIED EMPLOYEE RETIREMENT PLAN (THE "PLAN"). IN ADDITION, INVESTMENTS OF THE PLAN GENERATED INCOME TOTALING $12,326. 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 34008 SPOUSE OF OFFICER WAS PAID $34,008 DURING FY 2019 FOR EDITING, RESEARCH AND WRITING AS A PART-TIME STAFF MEMBER FOR THE FOUNDATION 0 X 11 447316 FMV 0 0 0 PART I, COLUMN (B): NONCASH DONATIONS 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 2,156,931. MANAGEMENT AND GENERAL EXPENSES 3,399. FUNDRAISING EXPENSES 5,417. TOTAL EXPENSES 2,165,747. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -84,634. UNREALIZED GAIN ON INVESTMENTS 163,915.