2018-10-02T10:25:09-05:00 2018-03-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2017-04-01 237432162 CATO INSTITUTE CATO 2028420200 1000 Massachusetts Ave NW Washington DC 200015403 JON HEIMERMAN VP/CAO 2028420200 2018-10-02 1 Daniel O'Shea P00957510 3016529100 209.3.217.20 2018-10-02 10:24:02 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 06A4BC6A02C072216FB46903976AAF3AD31DC28E 2017 2018-06-14 16:35:46Z PETER GOETTLER 1000 MASS AVE NW WASHINGTON DC 20001 37214404 0 X WWW.CATO.ORG X 1974 KS To promote the principles of individual liberty, limited government, free markets, and peace. 19 18 279 19 0 0 35507748 34961513 586846 638963 398629 659619 396422 419707 36889645 36679802 636651 644050 0 0 17198008 17586197 0 0 4418318 12315446 12151426 30150105 30381673 6739540 6298129 78534414 84854531 2819813 3434041 75714601 81420490 X To originate, disseminate, and increase understanding of public policies based on the principles of individual liberty, limited government, free markets, and peace. 0 0 1868835 91050 See Form 990, Part III, Line 4a in Schedule O. 1840325 80678 See Form 990, Part III, Line 4b in Schedule O. 1718834 21865 See Form 990, Part III, Line 4c in Schedule O. 1446470 9150 ROBERT A. LEVY CENTER FOR CONSTITUTIONAL STUDIES:Cato's Center for Constitutional Studies and its scholars aim to secure liberty through constitutionally limited government. The Center's scholars address a wide range of constitutional and legal issues, especially by encouraging the judiciary to neither make nor ignore the law but rather to interpret and apply it through the natural rights tradition inherited from the founders. Cato remains one of the biggest and most effective filers of amicus curiae briefs in the Supreme Court - in the 2016-17 term they achieved a 9-4 showing at the Supreme Court and were cited by both the Supreme Court and the Third Circuit. The Institute has also distributed more than 6 million pocket copies of the Declaration of Independence and the Constitution. 1221328 5000 24705 CENTER FOR MONETARY AND FINANCIAL ALTERNATIVES:Cato's Center for Monetary and Financial Alternatives seeks to restore an understanding of the free market's 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 fourth year of operation, the Center 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 world's leading monetary economists. The scholars produce rigorous research on everything from the gold standard to cryptocurrencies to bank regulation, and they regularly draw hundreds of distinguished experts, hill staffers, journalists, financial industry members, and members of the public to their events. In 2017, the Center held the Institute's 35th Annual Monetary Conference, which featured prominent speakers, such as Loretta J. Mester of the Federal Reserve Bank of Cleveland, John B. Taylor of Stanford, and George Tavlas of the Bank of Greece. 934012 27084 HERBERT A. STIEFEL CENTER FOR TRADE POLICY STUDIES:At Cato's Center for Trade Policy Studies, scholars study a range of trade policy issues, including agriculture, manufacturing, and trade agreements. They challenge the view that trade is "us" vs. "them," instead demonstrating that free trade expands freedom and opportunities for Americans and improves economic growth. In the past year, the Center has published studies on the history of U.S. protectionism and reforming the U.S.China trade relationship and held a major conference on the future of the North American Free Trade Agreement. 1460697 2000 CONFERENCES:Cato events around the country helped increase the visibility of Cato's ideas and inspired journalists, policymakers, students, academics, activists, philanthropists, and others in 2017. Cato events regularly draw hundreds of attendees and many more online viewers - a 2017 event on stingray surveillance, for example, drew nearly 10,000 live online viewers. 13197230 416373 605108 OTHER CATO PROGRAMS: 18259737 450457 638963 23687731 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 194 0 1 279 1 1 0 0 0 0 0 1 1 1 1 0 0 0 X 19 18 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OK OR PA RI SC TN UT VA WV WI X X Marissa Delgado 2028420200 1000 Massachusetts Ave NW Washington DC 200015403 Baron Bond Director 2.50 X 0 0 0 Carl Barney Director 2.50 X 0 0 0 David Humphreys Director 2.50 X 0 0 0 Donald Smith Director 2.50 X 0 0 0 Fred Young Director 2.50 X 0 0 0 Howard Rich Director 2.50 X 0 0 0 James Kilts Director 2.50 X 0 0 0 James Lapeyre Director 2.50 X 0 0 0 Jeffrey Yass Director 2.50 X 0 0 0 John Allison Director 2.50 X 0 0 0 Kenneth N Levy Director 2.50 X 0 0 0 Lewis Randall Director 2.50 X 0 0 0 Nancy Pfotenhauer Director 2.50 X 0 0 0 Nestor Weigand Director 2.50 X 0 0 0 Peter Goettler President and CEO 40.00 X X 515330 0 25546 Preston Marshall Director 2.50 X 0 0 0 Rebecca Dunn Director 2.50 X 0 0 0 Robert A Levy Director 2.50 X 0 0 0 Robert Gelfond Director 2.50 X 0 0 0 K Tucker Andersen Director (Through 10/17) 2.50 X 0 0 0 Richard J Dennis Director (Through 10/17) 2.50 X 0 0 0 Ethelmae Humphreys Director (Through 10/17) 2.50 X 0 0 0 David Boaz Executive Vice President 40.00 X 298851 0 21935 Elizabeth Santos Secretary 40.00 X 83195 0 2589 Jon Heimerman VP/Chief Admin. Officer 40.00 X 215523 0 27565 George Selgin Dir., Center for Fin. Alternatives 40.00 X 218718 0 19637 Khristine Brookes VP of Communications 40.00 X 175780 0 28575 Michael Cannon Director, Health Policy Studies 40.00 X 178235 0 29200 Patrick Michaels Dir., Center for Study of Science 40.00 X 189912 0 18170 Roger Pilon VP, Director of Const. Studies 40.00 X 191871 0 26469 Edward Crane Former President 0.00 X 300000 0 0 2367415 0 199686 39 1 1 0 Palm Facility LLC 10401 Connecticut Avenue Kensington MD 20895 Building repairs and maintenance 137157 Publications Professional LLC 3603 Chain Bridge Road Fairfax VA 22030 Copy editing & proofreading 105430 KNS Contracting LLC 4022 Blackburn Lane Burtonsville MD 20866 Janitorial services 103825 3 34961513 689058 34961513 Conferences 900099 638963 638963 638963 647270 647270 62762 62762 429311 416962 12349 12349 12349 219724 117640 102084 102084 Other Income 900099 259387 259387 Split Interest Income 900099 -4526 -4526 254861 36679802 741047 0 977242 112000 112000 276732 276732 255318 255318 1200462 488224 390314 321924 13173906 11347191 756620 1070095 681399 584923 40072 56404 1542354 1206132 195416 140806 988076 815913 77004 95159 113583 425 113158 55774 55774 138165 138165 1207205 856697 18366 332142 201707 196686 5021 3280292 2177694 88085 1014513 772455 600649 51316 120490 930409 712988 67736 149685 1108770 810195 9467 289108 1769998 1252830 64955 452213 5770 3 5767 1184392 907008 86342 191042 89058 68201 6492 14365 Dues and subscriptions 392502 305547 24682 62273 Honorarium 383025 369610 13415 Other expenses 329246 192320 84678 52248 Mailing list expenses 189075 150445 1215 37415 30381673 23687731 2275624 4418318 X 806652 550296 0 256356 8335799 12168716 5027024 5082234 3119706 7222356 523161 30953 258707 163197 699428 551832 50373884 16799003 34332073 33574881 26236684 26058487 1832 1875 78534414 84854531 2006460 1503941 83166 512536 730187 1417564 2819813 3434041 X 65617999 71563865 7086505 6846528 3010097 3010097 75714601 81420490 78534414 84854531 X 6298129 -367240 -225000 X 0 1 X 1 0 X 27386455 34969047 26698458 35507748 34961513 159523221 27386455 34969047 26698458 35507748 34961513 159523221 28361544 131161677 129907 133511 311472 435551 710032 1720473 704 2336 75540 258025 254861 591466 161835160 4920000 0.81050 0.81690 X Schedule A, Part II, Line 10, Explanation for Other Income: Miscellaneous Income 2014: $ 1,939 2015: $ 12,137 2016: $ 276,904 2017: $ 259,387 Mailing List 2013: $ 704 2014: $ 397 Split Interest Income 2015: $ 63,403 2016: $ -18,879 2017: $ -4,526 Total Amounts by Year: 2013: $ 704 2014: $ 2,336 2015: $ 75,540 2016: $ 258,025 2017: $ 254,861 3029956 28716 48575 3010097 3020910 83119 74073 3029956 3015918 67611 62619 3020910 3010097 77101 71280 3015918 3010097 51086 51086 3010097 0.00000 1.00000 0.00000 0 0 9656037 9656037 35127318 12610588 22516730 5590529 4188415 1402114 33574881 Capital Lease Obligation 357155 Charitable Gift Annuity 102213 Other 958196 1417564 X 36711522 -367240 506320 -225000 -85920 36797442 -117640 -117640 36679802 31005633 506320 117640 623960 30381673 0 30381673 Part V, Line 4: To support the operational costs of Cato's Constitutional Studies Program and Defense & Foreign Policy Studies through the annual earnings of the endowment net assets. 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Part XII, Line 2d - Other Adjustments: Cost of sales 117,640. 1 Europe 0 16 GRANTMAKING 156300 South America 0 2 GRANTMAKING 65678 Central America and the Caribbean 0 1 GRANTMAKING 1000 East Asia and the Pacific 0 2 GRANTMAKING 2000 South Asia 0 1 GRANTMAKING 500 Middle East and North Africa 0 1 GRANTMAKING 2840 North America 0 6 GRANTMAKING 27000 0 29 0 0 0 29 255318 0 255318 Stipends for Senior Fellows/Adjunct Scholars Europe 2 125000 Wire transfer 0 N/A FMV Stipends for Senior Fellows/Adjunct Scholars South America 1 55678 Wire transfer 0 N/A FMV Stipends for Research, Consulting & Writing North America 6 27000 Wire transfer 0 N/A FMV Stipends for Research, Consulting & Writing Europe 12 27300 Wire transfer 0 N/A FMV Stipends for Research, Consulting & Writing East Asia & the Pacific 2 2000 Wire transfer 0 N/A FMV Stipends for Research, Consulting & Writing Middle East & North Africa 1 2840 Wire transfer 0 N/A FMV Stipends for Research, Consulting & Writing South Asia 1 500 Wire transfer 0 N/A FMV Stipends for Research, Consulting & Writing Central America & the Caribbean 1 1000 Wire transfer 0 N/A FMV Stipends for Speaking Europe 2 4000 Wire transfer 0 N/A FMV Stipends for Speaking South America 1 10000 Wire transfer 0 N/A FMV 0 0 0 0 0 0 Part I, Line 2: Programs are supervised by project managers who provide oversight, approve payments, and provide an accounting of funds spent. 1 Free to choose network 2002 Filmore Avenue Erie PA 16506 521455677 501(c)(3) 80000 N/A N/A Production of documentary on school choice Internet education foundation 740 15th St NW 900 Washington DC 20005 311577362 501(c)(3) 10000 N/A N/A Sponsorship of conference Students for liberty PO box 97246 Washington DC 20090 943435899 501(c)(3) 10000 N/A N/A Sponsorship of conference Young americans for liberty foundation PO box 17560 Arlington VA 22216 453503672 501(c)(3) 12000 N/A N/A Sponsorship of conference 4 stipends for senior fellows/adjunct Scholars 12 276732 Part I, Line 2: Programs are supervised by project managers who provide oversight, approve payments, and provide an accounting of funds spent. 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Form 990, Part III, Line 4a CENTER FOR EDUCATIONAL FREEDOM, LIBERTARIANISM.ORG, AND PROJECT ON CRIMINAL JUSTICE: Cato's Center for Educational Freedom is a powerful voice for school choice. In 2017, Cato brought the arguments for free markets in education to even wider audiences, as Andrew Coulson's three-part documentary School Inc. aired on public television stations across the country. Cato's Libertarianism.org is a rich resource to promote the ideas of liberty, publishing books, podcasts, and articles on both current events and classics of libertarian philosophy, from ancient Greek philosophers to Ludwig von Mises, Adam Smith, and Frederick Douglass. With more than 2 million visitors in 2017, the site is an indispensable resource for those interested in pursuing libertarian ideas. Cato's Project on Criminal Justice has launched strategic policy initiatives to remedy systemic defects in our criminal justice system. These include unconstitutional overcriminalization of conduct, mistargeted police efforts, the decline of the jury trial, and a policy of near-zero accountability for police and prosecutors. In 2018, the project launched a campaign to challenge and roll back qualified immunity. Form 990, Part III, Line 4b 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 2017, the Center collaborated with the Fraser Institute and the Liberales Institut 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. Form 990, Part III, Line 4c DEFENSE AND FOREIGN POLICY STUDIES: Although 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. Recently, foreign policy scholars published a book on aviation security and studies on counterterrorism, arms sales, and U.S.-Iran relations. They also published a report on one scholar's trip to North Korea and organized a project to assess the Iran nuclear accord. Form 990, Part V, line 3b The filing date of the Form 990-T has been extended, and that return will be filed by its extended due date. Form 990, 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. Form 990, 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. Form 990, Part VI, Section B, line 11b Process used to review form 990: A draft 990 is provided to each member for review and comment prior to finalization. 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Form 990, Part XI, line 9: Loss on write-off of pledge receivable -225,000.