2019-10-18T14:51:59-05:00 2018-12-31 521853933 JONES MARESCA & MCQUADE PA 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2018-01-01 521703065 TAX FOUNDATION TAXF 2024646200 1325 G STREET NW NO 950 WASHINGTON DC 20005 SCOTT HODGE PRESIDENT/SECRETARY 2024646200 2019-10-17 1 DAVID JONES P01361002 4108840220 64.88.174.3 2019-10-17 15:59:25 ED P 8135A10533E138772E75B7028466B6AE3A842BF5 8ACB69A3B5645F8543B25487A9D884FE7478624C 2018 2020-03-31 21:24:44Z SCOTT HODGE 1325 G STREET NW NO 950 WASHINGTON DC 20005 5650911 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 49 11 0 24449 5115594 5427351 0 0 55129 63256 -164440 -175786 5006283 5314821 0 35439 0 0 2790143 3154032 60000 123906 1047225 1697949 1787262 4548092 5100639 458191 214182 4362545 4251615 1122980 1089293 3239565 3162322 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 1382004 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 2018, IT'S FEDERAL POLICY WORK WAS CITED 11,632 TIMES, AND HAD MORE THAN 30 CAPITOL HILL MEETINGS, AND PRODUCED DOZENS ON REPORTS AND BLOG POSTS ON A VARIETY OF ISSUES. 1016779 STATE TAX POLICY PROGRAMS PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2018, 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 2018, THEIR STATE RANKINGS, RESEARCH, AND EXPERTS WERE CITED IN THE MEDIA 9,213 TIMES. 446465 RESEARCH AND COMMUNICATION-THE FOUNDATION'S MARKETING TEAM MAKES TAX POLICY ENGAGING AND ACCESSIBLE TO TAXPAYERS, LEGISLATORS, AND THE MEDIA THROUGH INNOVATIVE, MULTI-CHANNEL 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 2018, THE FOUNDATION EARNED 20,845 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; IT'S EXPERTS CONDUCTED 114 RADIO AND TV INTERVIEWS; TAXFOUNDATION.ORG WAS VISITED 18.2 MILLION TIMES; IT'S SOCIAL MEDIA ACCOUNTS EARNED 10 MILLION IMPRESSIONS; IT'S DIGITAL ADVERTISING RESULTED IN 5.8 MILLION IMPRESSIONS; AND IT'S REPORTS WERE DOWNLOADED 433,794 TIMES. 369058 35439 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. 185502 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. 554560 35439 3399808 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 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 1 0 1 49 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 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 THE ORGANIZATION 2024646200 1325 G STREET NW NO 950 WASHINGTON DC 20005 SCOTT HODGE PRESIDENT AND BOARD SECRETARY 40.00 X X 281583 0 8150 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 194724 0 15520 MICHAEL VOGLER VICE PRESIDENT OF CORPORATE GIVING 40.00 X 157775 0 6120 NICOLE KAEDING DIR. OF FEDERAL PROJECTS 40.00 X 111810 0 17140 KYLE POMERLEAU DIR OF CENTER FOR QUANTITATIVE ANALYSIS 40.00 X 111921 0 8300 DAVE MESSICS VICE PRESIDENT OF INDIVIDUAL & FOUNDATION GIVING 40.00 X 121716 0 3763 979529 0 58993 8 0 1 0 V STUDIOS 8229 BOONE BLVD SUITE 420 VIENNA VA 22182 COMPUTER PROGRAMMING SUPPORT 150153 1 737274 4690077 52884 5427351 63256 63256 131236 737274 336090 -204854 -204854 HONORARIA & REIMBURSEMENTS 900099 29068 29068 29068 5314821 0 0 -112530 35439 35439 293150 202495 43768 46887 2434549 1683126 362043 389380 60170 40314 10229 9627 174312 116788 29634 27890 191851 128540 32615 30696 465 465 15537 15537 123906 123906 328157 328157 32149 27258 98 4793 388680 77876 38192 272612 30574 22765 3319 4490 361964 242516 61534 57914 202519 168928 1414 32177 82231 76582 5649 122423 82023 20812 19588 25771 17267 4381 4123 DUES & SUBSCRIPTIONS 123619 106404 17215 STAFF DEVELOPMENT 35236 24442 4931 5863 MISCELLANEOUS 23161 18423 4674 64 BAD DEBT 14776 14776 5100639 3399808 653606 1047225 9477 323277 605854 298302 141358 304871 91289 79449 1151056 535336 674127 615720 2767422 2553988 73018 76008 4362545 4251615 177945 156369 945035 932924 1122980 1089293 X 2930147 2963313 309418 199009 3239565 3162322 4362545 4251615 214182 -291425 0 X X 0 1 X 1 0 X 3839683 3577743 4274002 5115594 5222497 22029519 3839683 3577743 4274002 5115594 5222497 22029519 4499672 17529847 32342 138044 97294 56570 63256 387506 12864 10082 56245 19128 29068 127387 22544412 0.77760 0.76290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 12,864. 2015 AMOUNT: $ 10,082. 2016 AMOUNT: $ 56,245. 2017 AMOUNT: $ 4,112. REIMBURSEMENTS - 2017 AMOUNT: $ 15,016. 2018 AMOUNT: $ 29,068. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 645581 216987 428594 505475 318349 187126 615720 DEFERRED RENT & LEASE INCENTIVE 919229 CAPITAL LEASE LIABILITY 13695 932924 X 5023396 -291425 -291425 5314821 0 5314821 5100639 0 5100639 0 5100639 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. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES GRANTS TO RECIPIENT LOCATED IN REGION. 35439 0 0 0 0 0 0 35439 0 35439 EUROPE (INCLUDING ICELAND & GREENLAND) TO HELP WITH THE RESEARCH, PREPARATION, AND PUBLICATION OF THE REGIONAL TAX COMPETITIVENESS INDEX. 35439 1 0 0 0 0 0 0 PART I, LINE 2: THE PRESIDENT OF THE GRANTEE REPORTS PERIODICALLY ON THE STUDY'S PROGRESS. THE TAX FOUNDATION'S PRESIDENT TRAVELS TO MADRID TO TAKE PART IN THE RELEASE OF THE STUDY. 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 562230 70667 491563 AC FITZGERALD & ASSOCIATES LLC 300 N WASHINGTON ST STE 950 ALEXANDRIA VA 22314 ASSIST WITH FUNDRAISING CAMPAIGNS 0 0 53239 -53239 562230 123906 438324 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 868510 737274 131236 27000 120300 188790 868510 737274 131236 27000 120300 188790 336090 -204854 X X 0 0 0 0 0 0 0 1 0 SCOTT HODGE PRESIDENT AND BOARD SECRETARY 281583 0 0 0 0 0 8150 0 0 0 289733 0 0 0 JOSEPH HENCHMAN EXECUTIVE VICE PRESIDENT 179724 0 15000 0 0 0 7420 0 8100 0 210244 0 0 0 MICHAEL VOGLER VICE PRESIDENT OF CORPORATE GIVING 147775 0 10000 0 0 0 6120 0 0 0 163895 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 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 2018. X 4 43502 FMV X WINE FOR ANNUAL EVENT 3 9382 FMV 0 0 0 PART I, COLUMN (B): TAX FOUNDATION REPORTS THE NUMBER OF CONTRIBUTIONS. 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 (THERE WERE NO CHANGES IN 2018). 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. WE HAVE NOT BEEN ASKED TO AND CURRENTLY DO 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.