2025-11-17T17:31:44-06:00 2024-12-31 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2024-01-01 231731998 FOREIGN POLICY RESEARCH INSTITUTE FORE 2157323774 123 S BROAD STREET 1920 PHILADELPHIA PA 19109 JANICE SALERNO DIRECTOR OF FINANCE 2157323774 2025-11-17 1 0 HARRISON PEREIRA P00746867 2159798800 2025-11-17 2024 2025-03-06 01:10:19Z AARON STEIN 123 S BROAD STREET 1920 PHILADELPHIA PA 19109 2396521 0 X WWW.FPRI.ORG X 1970 DE HIGHEST QUALITY SCHOLARSHIP AND NONPARTISAN POLICY ANALYSIS FOCUSED ON U.S. FOREIGN POLICY 39 39 16 28 0 0 2182426 2186616 190055 99899 32941 46171 -1275 43520 2404147 2376206 0 0 0 0 1618115 1322398 0 0 401865 1396939 957460 3015054 2279858 -610907 96348 3323120 3324824 1410170 1315633 1912950 2009191 X THE FOREIGN POLICY RESEARCH INSTITUTE (FRPI) IS DEDICATED TO PRODUCING THE HIGHEST QUALITY SCHOLARSHIP AND NONPARTISAN POLICY ANALYSIS FOCUSED ON CRUCIAL FOREIGN POLICY AND NATIONAL SECURITY CHALLENGES FACING THE UNITED STATES. WE EDUCATE THOSE WHO MAKE AND INFLUENCE POLICY, AS WELL AS THE PUBLIC AT LARGE, THROUGH THE LENS OF HISTORY, GEOGRAPHY AND CULTURE. 0 0 1713432 99899 RESEARCH: FRPI IS DEDICATED TO PRODUCING THE HIGHEST QUALITY SCHOLARSHIP AND NONPARTISAN POLICY ANALYSIS FOCUSED ON CRUCIAL FOREIGN POLICY AND NATIONAL SECURITY CHALLENGES FACING THE UNITED STATES. WE EDUCATE THOS E WHO MAKE INFLUENCE POLICY, AS WELL AS THE PUBLIC AT LARGE. THROUGH THE LENS OF HISTORY, GEOGRAPHY AND CULTURE, FPRI HAS SIX MAIN RESEARCH PROGRAMS: AMERICA AND THE WEST, EAST ASIA, EURASIA, THE MIDDLE EAST, NATIONAL SECURITY AND AFRICA. MISCELLANEOUS EDUCATION 1713432 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 16 1 0 0 0 0 0 1 0 0 0 0 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X JANICE SALERNO 2157323774 123 S BROAD STREET SUITE 1920 PHILADELPHIA PA 19109 ROBERT L FREEDMAN CHAIRMAN 2.00 X X 0 0 0 DEVON CROSS VICE CHAIR 2.00 X X 0 0 0 HON DOV S ZAKHEIM VICE CHAIR 2.00 X X 0 0 0 MARSHALL W PAGON TREASURER 2.00 X X 0 0 0 JAMES H AVERILL TRUSTEE 2.00 X 0 0 0 MOHAMED AMERSI TRUSTEE 2.00 X 0 0 0 J MICHAEL BARRON TRUSTEE 2.00 X 0 0 0 AMB ADRIAN A BASORA TRUSTEE 2.00 X 0 0 0 EDWARD BISHOP TRUSTEE 2.00 X 0 0 0 GWEN BOROWSKY TRUSTEE 2.00 X 0 0 0 RUTH BRAMSON TRUSTEE 2.00 X 0 0 0 ROBERT E CARR TRUSTEE 2.00 X 0 0 0 AHMED CHARAI TRUSTEE 2.00 X 0 0 0 GERARD CUDDY TRUSTEE 2.00 X 0 0 0 PETER DACHOWSKI TRUSTEE 2.00 X 0 0 0 JOSEPH FIELD TRUSTEE 2.00 X 0 0 0 JAMES GATELY TRUSTEE 2.00 X 0 0 0 SUSAN GOLDBERG TRUSTEE 2.00 X 0 0 0 HON JOHN HILLEN TRUSTEE 2.00 X 0 0 0 JAMES HITCH III TRUSTEE 2.00 X 0 0 0 DAVID HUNT TRUSTEE 2.00 X 0 0 0 DONALD KARDON TRUSTEE 2.00 X 0 0 0 MARINA KATS TRUSTEE 2.00 X 0 0 0 EILEEN KENNEDY TRUSTEE 2.00 X 0 0 0 LAURA LAROSA TRUSTEE 2.00 X 0 0 0 MURRAY LEVIN TRUSTEE 2.00 X 0 0 0 DAVID MARSHALL TRUSTEE 2.00 X 0 0 0 JAMES MEYER TRUSTEE 2.00 X 0 0 0 RONALD J NAPLES TRUSTEE 2.00 X 0 0 0 EDWARD W O'CONNOR TRUSTEE 2.00 X 0 0 0 JAMES PAPADA III TRUSTEE 2.00 X 0 0 0 STEPHEN PHILLIPS TRUSTEE 2.00 X 0 0 0 JOHN PIASECKI TRUSTEE 2.00 X 0 0 0 AMB CHARLES RAY TRUSTEE 2.00 X 0 0 0 EILEEN ROSENAU TRUSTEE 2.00 X 0 0 0 ADELE K SCHAEFFER TRUSTEE 2.00 X 0 0 0 ERIC L STERN TRUSTEE 2.00 X 0 0 0 HILLARD TORGERSON TRUSTEE 2.00 X 0 0 0 LEE WOOLLEY TRUSTEE 2.00 X 0 0 0 CAROL FLYNN PRESIDENT - UNTIL APRIL 24 35.00 X 131000 0 14888 AARON M STEIN PRESIDENT - CURRENT 35.00 X 178205 0 0 JANICE SALERNO DIRECTOR OF FINANCE 35.00 X 94202 0 7958 ROBERT KAPLAN CHAIR OF GEOPOLITICS 35.00 X 146250 0 5813 MAIA OTARASHVILI EURASIA PROGRAM DIRECTOR 35.00 X 105000 0 12136 654657 0 40795 4 0 1 0 0 66970 2119646 2186616 PUBLICATIONS 513110 50000 50000 MEMBERSHIPS AND PARTNE 900099 49899 49899 99899 46171 46171 13609 13609 5100 66970 20315 -15215 -15215 OTHER INCOME 900099 45126 45126 45126 2376206 145025 0 44565 426252 181885 81185 163182 754683 614111 35841 104731 16219 15406 813 42014 33342 2497 6175 83230 56596 8323 18311 37828 25723 3783 8322 12905 8787 1287 2831 8418 8261 37 120 42936 28955 4097 9884 76359 51336 7549 17474 145068 98646 14507 31915 56692 46113 10579 38294 22281 16013 13621 9262 1362 2997 22860 15545 2286 5029 HONORARIA AND STIPENDS 487449 487449 SUBSCRIPTIONS AND MEMBE 4232 2116 2116 FINANCE CHARGES 430 430 10368 7188 994 2186 2279858 1713432 164561 401865 1037007 1242257 678536 766627 250208 141929 66370 13742 23750 13316 260988 188134 86475 72854 14714 16861 1166060 1057238 3323120 3324824 70043 91166 36921 25041 1303206 1199426 1410170 1315633 X 794267 886161 1118683 1123030 1912950 2009191 3323120 3324824 96348 -107 0 X 0 1 X 1 0 X 2104246 3013206 2703074 2182426 2186616 12189568 2104246 3013206 2703074 2182426 2186616 12189568 5450995 6738573 1068 519 3086 32941 59780 97394 2992 264 34619 16534 45126 99535 12386497 0.54400 0.56990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 2,992. 2021 AMOUNT: $ 264. 2022 AMOUNT: $ 34,619. 2023 AMOUNT: $ 16,534. 2024 AMOUNT: $ 45,126. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14714 2147 16861 12515 2199 14714 15059 -2544 12515 13185 1874 15059 11327 1858 13185 1.00000 0 0 260988 188134 72854 72854 OFFICE LEASE SECURITY DEPOSIT 40043 RIGHT OF USE LEASE ASSET 1017195 1057238 LEASE LIABILITY 1120318 OTHER 79108 1199426 X 2396414 -107 20315 20208 2376206 0 2376206 2300173 20315 20315 2279858 0 2279858 PART V, LINE 4: THE ENDOWMENT IS INTENDED TO BE USED FOR SCHOLARSHIPS AND TO SUPPORT GENERAL OPERATIONS OF THE INSTITUTE PART X, LINE 2: FPRI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND APPLICABLE STATE LAW. ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES. FPRI IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS, NOR IS IT AWARE OF ANY OF ITS ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME TAXES. FPRI FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON FPRI'S FINANCIAL STATEMENTS, AS MANAGEMENT HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS IN 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 20,315. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 20,315. BEN FRANKLIN AWARDS 72070 66970 5100 20315 72070 66970 5100 20315 20315 -15215 X X X X X 0 0 0 0 0 0 0 0 0 AARON M STEIN PRESIDENT - CURRENT 178205 0 0 0 0 0 0 0 0 0 178205 0 0 0 ROBERT KAPLAN CHAIR OF GEOPOLITICS 116250 0 0 0 30000 0 5813 0 0 0 152063 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. A DRAFT OF THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENTARY. THE VERSION OF THE FORM 990 PREPARED FOR ELECTRONIC FILING IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR FINAL REVIEW BEFORE E-FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST CERTIFICATIONS ARE REQUESTED FROM TRUSTEES AND OTHER OFFICERS AT THE BEGINNING OF EACH CALENDAR YEAR. MANAGEMENT PROVIDES COPIES OF 1) THE CONFLICT OF INTEREST POLICY; 2) A LIST OF VENDORS, FINANCIAL INSTITUTIONS, EMPLOYEES AND INDEPENDENT CONTRACTORS WITH WHICH THE ORGANIZATION DOES BUSINESS; AND 3) A CERTIFICATION FORM TO BE RETURNED, CERTIFYING THAT:1) THE INDIVIDUAL HAS RECEIVED COPY OF THE CONFILICT OF INTEREST POLICY AND 2) SPECIFYING THE INDIVIDUAL'S CONFLICTS OF INTEREST, IF ANY, OR SPECIFIYING THAT THE INDIVIDUAL HAS NO CONFLICTS. INTERIM CERTIFICATION REQUESTS ARE SUBMITTED TO INDIVIDUALS FOR ACTUAL OR POTENTIAL CONFLICTS THAT ARISE BETWEEN ANNUAL CERTIFICATIONS. POTENTIAL CONFLICTS THAT ARE DISCLOSED ARE DISCUSSED AND ACTED UPON BY THE FULL BOARD OF TRUSTEES. BOARD ACTIONS MAY INCLUDE: DETERMINATION THAT NO ACTUAL CONFLICT EXISTS AND THAT NO FURTHER ACTION IS REQUIRED BASED ON ANY REASONABLE GROUNDS, INCLUDING THE NOMINAL NATURE OF ANY INTEREST INVOLVED. IF AN ACTUAL CONFLICT IS DETERMINED TO EXIST, NEITHER FPRI OR NOR THE INTERESTED PERSON SHALL ENTER INTO OR CONTINUE THE TRANSACTION OR ARRANGEMENT PRESENTING THE CONFLICT, UNLESS IT IS APPROVED BY THE BOARD. IN APPROVING A TRANSACTION OR RELATIONSHIP WHERE THERE IS A CONFLICT, THE BOARD SHALL CONSIDER WHETHER A MORE FAVORABLE ALTERNATIVE TRANSACTION OR ARRANGEMENT IS AVAILABLE WITH A PARTY THAT DOES NOT PRESENT A CONFLICT. IF A MORE ADVANTAGEOUS NON-CONFLICT TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER THE CIRCUMSTANCES, THE BOARD SHALL DETERMINE, BY A MAJORITY OF THE DISINTERESTED TRUSTEES, WHETHER TO APPROVE A CONFLICT BY CONSIDERING WHETHER SUCH CONFLICT IS IN THE ORGANIZATION'S BEST INTEREST AND WHETHER IT IS FAIR AND REASONABLE. INDIVIDUALS WHO HAVE CONFLICTS ARE NOT PERMITTED TO PARTICIPATE IN THE DISCUSSIONS OR DECISIONS CONCERNING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT IS REVIEWED AND RECOMMENDED TO THE BOARD OF TRUSTEES BY THE BOARD'S COMPENSATION COMMITTEE AS PART OF THE PROCESS OF APPROVING THE ANNUAL BUDGET. CRITERIA USED IN THE COMMITTEE'S DELIBERATIONS INCLUDE: COMPENSATION PAID BY SIMILAR ORGANIZATIONS IN TERMS OF FOCUS/SIZE. THE BOARD OF TRUSTEES REVIEWS THE COMMITTEE'S RECOMMENDATION AND EITHER APPROVES THE RECOMMENDATION OR APPROVES A REVISED AMOUNT COMPENSATION. COMPENSATION OF OTHER OFFICERS IS DETERMINED BY SENIOR MANAGEMENT, IN CONSULTATION WITH THE COMPENSATION COMMITTEE, WITH REFERENCE TO COMPENSATION LEVELS FOR SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS. DELIBERATIONS AND FINAL DETERMINATION OF COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS ARE TIMELY DOCUMENTED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S RECENT FINANCIAL STATEMENTS ARE PUBLISHED ON THE WEBSITE; PRIOR YEARS ARE AVAILABLE UPON REQUEST.