2017-11-17T12:39:10-06:00 2017-03-31 COHNREZNICK LLP 7501 WISCONSIN AVENUE 400E BETHESDA MD 208146583 990 2016-04-01 237432162 CATO INSTITUTE % MARISSA DELGADO CATO 2028420200 1000 MASSACHUSETTS AVE NW WASHINGTON DC 200015403 JON HEIMERMAN VP/CAO 2028420200 2017-11-16 true DANIEL O'SHEA P00957510 3016529100 2016 2022-09-23 18:48:47Z PETER GOETTLER 1000 MASSACHUSETTS AVE NW WASHINGTON DC 20001 37835882 false X WWW.CATO.ORG X 1974 KS TO ORIGINATE, DISSEMINATE, AND INCREASE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE. 20 19 266 19 0 26698458 35507748 704032 586846 274369 398629 192434 396422 27869293 36889645 874484 636651 0 0 16347238 17198008 0 0 4465628 11940392 12315446 29162114 30150105 -1292821 6739540 71182786 78534414 2208095 2819813 68974691 75714601 X TO ORIGINATE, DISSEMINATE, AND INCREASE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE. false false 1766904 52734 1160 CENTER FOR GLOBAL LIBERTY AND PROSPERITY: THE CENTER FOR GLOBAL LIBERTY AND PROSPERITY WAS ESTABLISHED TO PROMOTE A BETTER UNDERSTANDING AROUND THE WORLD OF HOW FREE MARKETS CAN COMBAT SOME OF THE MOST PRESSING PROBLEMS FACED BY DEVELOPING NATIONS. IN PARTICULAR, THE CENTER SEEKS TO ADVANCE POLICIES THAT PROTECT HUMAN RIGHTS, EXTEND THE RANGE OF PERSONAL CHOICE, AND SUPPORT THE CENTRAL ROLE OF ECONOMIC FREEDOM IN ENDING WORLD POVERTY. IN 2016 THEY COLLABORATED WITH THE FRASER INSTITUTE AND THE LIBERALES INSTITUT AT THE FRIEDRICH NAUMANN FOUNDATION FOR FREEDOM TO PRODUCE THE HUMAN FREEDOM INDEX, WHICH PRESENTS THE STATE OF HUMAN FREEDOM IN THE WORLD BASED ON A BROAD MEASURE THAT ENCOMPASSES PERSONAL, CIVIL, AND ECONOMIC FREEDOM. HUMANPROGRESS.ORG, ANOTHER PROJECT OF THE CENTER, PROVIDES AN INTERACTIVE RESOURCE FOR RELIABLE DATA ON HOW THE WORLD IS GETTING BETTER, THANKS TO INCREASING PERSONAL AND ECONOMIC LIBERTY. IT IS AN INVALUABLE SOURCE FOR JOURNALISTS, ACADEMICS, CONGRESSIONAL STAFF, AND RESEARCHERS-WEBSITE TRAFFIC TRIPLED IN 2016 TO 462,780 VISITS. 1611861 250 DEFENSE AND FOREIGN POLICY STUDIES: WHILE OTHER ORGANIZATIONS ON BOTH THE LEFT AND RIGHT CALL FOR THE UNITED STATES TO PERPETUATE THE INTERVENTIONIST POLICIES OF THE PAST, CATO INSTEAD PIONEERS IDEAS FOR A SENSIBLE AND PEACEFUL FOREIGN POLICY. DEFENSE AND FOREIGN POLICY SCHOLARS PRODUCE EXTENSIVE RESEARCH INTO THE ACTUAL COSTS AND BENEFITS OF U.S. DEFENSE AND COUNTERTERRORISM OPERATIONS. OUR FOREIGN POLICY CHOICES, A NEW GUIDE TO FOREIGN POLICY EDITED BY CATOS CHRISTOPHER PREBLE, EMMA ASHFORD, AND TRAVIS EVANS, CHALLENGES THE BIPARTISAN CONSENSUS ON FOREIGN POLICY AND OFFERS AN ALTERNATIVE policy of restraint - ONE THAT EMPHASIZES THAT AMERICAS GLOBAL INFLUENCE IS STRONGEST WHEN SPREAD BY PEACEFUL RATHER THAN MILITARY MEANS. 1504968 0 20515 CENTER FOR MONETARY AND FINANCIAL ALTERNATIVES (CMFA): CATOS CENTER FOR MONETARY AND FINANCIAL ALTERNATIVES SEEKS TO RESTORE THE LOST UNDERSTANDING OF THE FREE MARKETS CAPACITY TO ACHIEVE LASTING FINANCIAL STABILITY AND, BY SO DOING, TO REPEL THE FORCES PRESENTLY FAVORING INCREASED GOVERNMENT CENTRALIZATION AND NATIONALIZATION OF MONEY AND FINANCIAL MARKETS. NOW IN ITS SECOND YEAR OF OPERATION, THE CENTER FOR MONETARY AND FINANCIAL ALTERNATIVES BOASTS AN ARRAY OF HIGHLY RESPECTED SCHOLARS, INCLUDING DIRECTOR GEORGE SELGIN, ONE OF THE FOREMOST AUTHORITIES ON BANKING HISTORY AND MONETARY THEORY, AS WELL AS AN ACADEMIC ADVISORY COUNCIL THAT INCLUDES MANY OF THE WORLDS LEADING MONETARY ECONOMISTS. THE SCHOLARS PRODUCE RIGOROUS RESEARCH ON EVERYTHING FROM THE GOLD STANDARD TO CRYPTO-CURRENCIES TO BANK REGULATION, AND REGULARLY DRAW CROWDS OF HUNDREDS OF DISTINGUISHED EXPERTS, HILL STAFFERS, JOURNALISTS, FINANCIAL INDUSTRY MEMBERS, AND MEMBERS OF THE PUBLIC TO THEIR EVENTS. THE INSTITUTES 34TH ANNUAL MONETARY CONFERENCE, WHICH FOCUSED ON CENTRAL BANKS AND FINANCIAL TURMOIL DREW OVER 200 ATTENDEES AND FEATURED PROMINENT SPEAKERS SUCH AS THOMAS M. HOENIG, VICE CHAIRMAN, FDIC, AND THE HONORABLE PHIL GRAMM, FORMER CHAIRMAN OF THE SENATE BANKING COMMITTEE. 1281798 0 6500 CENTER FOR CONSTITUTIONAL STUDIES 903131 0 0 HERBERT A.STIEFEL CNTR. FOR TRADE POLICY STUDIES 16376042 583667 558671 OTHER CATO PROGRAMS 18560971 583667 565171 23444704 true true false false false false false false false true true false false false true true true false false true true false true false false false false true true true false false false false false false false false true false false false false false false false false true 249 0 true 266 true false false false false false true true false false false false X 20 19 false false false false false true true true true false false true true true true true true true false false AL AK AR CA CO CT DC FL GA HI IL KS ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X MARISSA DELGADO 2028420200 1000 MASSACHUSETTS AVE NW washington DC 200015403 RICHARD J DENNIS DIRECTOR 2.5 0.0 X 0 0 0 Ken Levy DIRECTOR (Beginning 10/16) 2.5 0.0 X 0 0 0 LEWIS E RANDALL DIRECTOR 2.5 0.0 X 0 0 0 HOWARD S RICH DIRECTOR 2.5 0.0 X 0 0 0 JEFFREY S YASS DIRECTOR 2.5 0.0 X 0 0 0 FRED YOUNG DIRECTOR 2.5 0.0 X 0 0 0 ETHELMAE C HUMPHREYS DIRECTOR 2.5 0.0 X 0 0 0 DAVID H KOCH DIRECTOR (Resigned 10/16) 2.5 0.0 X 0 0 0 DONALD G SMITH DIRECTOR 2.5 0.0 X 0 0 0 ROBERT A LEVY Chairman 2.5 0.0 X X 0 0 0 K TUCKER ANDERSEN DIRECTOR 2.5 0.0 X 0 0 0 NANCY PFOTENHAUER DIRECTOR 2.5 0.0 X 0 0 0 PRESTON MARSHALL DIRECTOR 2.5 0.0 X 0 0 0 JOHN A ALLISON DIRECTOR 2.5 0.0 X 0 0 0 NESTOR WEIGAND JR DIRECTOR 2.5 0.0 X 0 0 0 BARON BOND DIRECTOR 2.5 0.0 X 0 0 0 JAMES M KILTS DIRECTOR 2.5 0.0 X 0 0 0 JAMES M LAPEYRE JR DIRECTOR 2.5 0.0 X 0 0 0 CARL BARNEY DIRECTOR 2.5 0.0 X 0 0 0 ROBERT GELFOND DIRECTOR 2.5 0.0 X 0 0 0 PETER GOETTLER President 40.0 0.0 X X 511691 0 1629 DAVID BOAZ EXECUTIVE VICE PRESIDENT 40.0 0.0 X 293876 0 21498 Elizabeth Santos Secretary 40.0 0.0 X 80850 0 2526 JON HEIMERMAN VP/Chief Admin. 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SCHEDULE D, PART X, LINE 2 FIN 48 FINANCIAL STATEMENT DISCLOSURE: Cato has been granted tax-exempt status as a public charity within the meaning of Section 501(c)(3) of the Internal Revenue Code ("IRC"). Although the organization is generally exempt from income tax, Cato is subject to unrelated business income taxes under Section 512 of the IRC, as well as subject to excise tax on excess lobbying expenses. There was no unrelated business income or excess lobbying expenses for the years ended March 31, 2017 and 2016; therefore, no provision for income tax has been recorded in the financial statements. Cato believes it has appropriate support for any tax position taken and, as such, does not have any uncertain tax positions that are material to the financial statements. Cato recognizes interest expense and penalties related to income taxes on uncertain tax positions in management and general expenses on the statements of activities and change in net assets and accounts payable and accrued expenses in the statements of financial position. No interest expense and penalties related to income taxes on uncertain tax positions were recognized for the years ended March 31, 2017 and 2016. Tax years prior to 2013 are no longer subject to examination by the Internal Revenue Service or the tax jurisdictions of Kansas and the District of Columbia. SCHEDULE D, PART XI, LINE 4B Other Revenue Included on Return Not on Books: COST OF GOODS SOLD: ($267,177) SCHEDULE D, PART XII, LINE 2D OTHER EXPENSES INCLUDED ON BOOKS NOT ON FORM 990: COST OF GOODS SOLD: $267,177 true Europe (Including Iceland and Greenland) 3 Grantmaking 329417 South America 1 Grantmaking 52734 North America 1 Grantmaking 4500 5 5 386651 386651 STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS South America 1 52734 wire N/A N/A STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS Europe (Including Iceland and Greenland) 3 75417 wire N/A N/A 2016 Friedman Prize Winner Europe (Including Iceland and Greenland) 250000 wire N/A N/A Libertarianism.org Video Contest winner Europe (Including Iceland and Greenland) 1 4000 wire N/A N/A Stipends for Research, Consulting, & Writing North America 1 4500 wire N/A N/A false false false false false false SCHEDULE F, PART I, LINE 2 PROGRAMS ARE SUPERVISED BY PROJECT MANAGERS WHO PROVIDE OVERSIGHT, APPROVE PAYMENTS, AND PROVIDE AN ACCOUNTING OF FUNDS SPENT. true Free To Choose Network 2002 Filmore Avenue Erie PA 16506 521455677 501(c)(3) 75000 N/A N/A documentaries 1 STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS 6 170000 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES PROGRAMS ARE SUPERVISED BY PROJECT MANAGERS WHO PROVIDE OVERSIGHT, APPROVE PAYMENTS, AND PROVIDE AN ACCOUNTING OF FUNDS SPENT. 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X 78 3493562 FMV DATE OF RECEIPT false true false PART VI, SECTION A, Line 7A MEMBERS, STOCKHOLDERS OR OTHER PERSONS WHO MAY ELECT THE GOVERNING BODY: MEMBERS OF THE BOARD VOTE TO APPROVE AND REMOVE MEMBERS. PART VI, SECTION A, Line 7B DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL: MEMBERS ELECT THE BOARD OF DIRECTORS AND MAY REMOVE DIRECTORS WITH A MAJORITY VOTE. PART VI, SECTION A, Line 11B PROCESS USED TO REVIEW FORM 990: A DRAFT 990 IS PROVIDED TO EACH MEMBER FOR REVIEW AND COMMENT PRIOR TO FINALIZATION. PART VI, SECTION B, Line 12C MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY: CATO REVIEWS CONFLICT OF INTEREST DISCLOSURES. IF A POTENTIAL CONFLICT OF INTEREST ARISES, THE DIRECTOR, OFFICER OR KEY EMPLOYEE WITH THE CONFLICT IS REQUIRED TO CORRECT THE SITUATION OR EITHER STEP DOWN FROM THE BOARD OR FACE TERMINATION FROM EMPLOYMENT. PART VI, SECTION B, Line 15A PROCESS FOR DETERMINING COMPENSATION: INDEPENDENT CONTRACTOR REVIEWS COMPENSATION/BENEFITS. THE BOARD DISCUSSES AND APPROVES EXECUTIVE COMPENSATION/BENEFITS BASED ON RESULTS OF THE INDEPENDENT STUDY. PART VI, SECTION C, Line 19 HOW THE ORGANIZATION MAKES ORGANIZING DOCUMENTS AVAILABLE TO THE Public: Cato's bylaws, articles of incorporation, and conflict of interest policy are available to anyone who requests them. Further, Cato has always complied, and will continue to comply, with the mandate that form 990 be made publicly available. Part XI, Line 9 Other Changes in Net Assets: Gain on Pledge that was previously written-off $7,769