2017-02-14T17:28:26-06:00 2016-09-30 946214841 Armanino LLP 12657 Alcosta Blvd Ste 500 San Ramon CA 945834600 990 2015-10-01 953298239 THE REASON FOUNDATION REAS 3103912245 5737 MESMER AVENUE LOS ANGELES CA 902306316 DAVID NOTT PRESIDENT AND CEO 3103912245 2017-02-14 1 Thomas Schulte P00637812 9257902600 2015 2021-01-29 14:40:06Z DAVID NOTT 5737 MESMER AVENUE LOS ANGELES CA 902306316 12347230 0 X WWW.REASON.ORG X 1978 CA Advance a free society by developing, applying, and promoting libertarian principles 22 20 79 19 120790 -9737 9363678 10198865 1113672 1284975 104581 160423 -108449 -159235 10473482 11485028 0 0 0 0 5762970 6261048 0 0 861370 3997305 4292516 9760275 10553564 713207 931464 8683450 9780910 1561870 1574197 7121580 8206713 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 3544696 140033 REASON FOUNDATION -- Research and analysis of issues relating to privatization, transportation, education, criminal justice, pension reform, and environment -- educational outreach from a libertarian perspective to policymakers, relevant stakeholders, and the general public. - 8,200 print articles citing reason experts- 33.500 online articles citing reason experts- 1.1 billion total circulation of articles- 1,070 media appearances by reason experts- 8 legislative testimonies- 29 policy studies(See Schedule O for continuation)- 71 commentaries and op-eds- 11 surface transportation innovations newsletters & air securityNewsletters- 11 air traffic control newsletters & 4 reason report newsletters 3606910 864875 REASON MAGAZINEPromoting "free minds and free markets" since 1968 - 11 Issues published - 47,600 Paid/requested copies and 1,000 newsstand copies sold per month - Average of 3.9 million user visits per month at reason.com 1781335 140034 REASON-TVProducing free market ideas through video journalism online. - 253 Videos produced - Average of 2,500,000 videos played each month 494571 140033 PUBLIC AFFAIRSReason works with motivated policymakers to implement market-based reforms that others can successfully copy. Our Pension Integrity Project is designed to educate policymakers and taxpayers on the urgency of the national need for pension reform. We are partnering with motivated policymakers at the state and local levels, with significant projects in Tulsa, Oklahoma, where we helped develop a legislative agenda and provided detailed analyses of the impacts of reforms; and in Arizona, where our plan to address the underfunded pension needs of Arizona's public safety workers was passed into law in 2016. We're also working in South Carolina, California, Michigan, Nebraska, and Connecticut.We are heavily involved in education reform efforts in Arizona, Georgia, South Carolina, and Nevada, and our research was used to craft the 2016 Every Student Succeeds Act ("ESSA"). Also embedded in ESSA is a "free range kids" provision, inspired by the work of Reason contributing editor Lenore Skenazy, that will make it harder to criminalize parents for letting their kids walk to school unsupervised. We continue working to advance a market-based paradigm for transportation reform at the regional and federal levels, and to advance sentencing reform at the state and federal levels. 494571 140033 9427512 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 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 45 0 1 79 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 20 0 0 1 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 THOMAS E BEACH Board Chair 1.00 X X 0 0 0 BARON BOND Trustee 1.00 X 0 0 0 DREW A CAREY Trustee 1.00 X 0 0 0 DERWOOD S CHASE JR Trustee 1.00 X 0 0 0 PETER P COPSES Trustee 1.00 X 0 0 0 JAMES R CURLEY Trustee 1.00 X 0 0 0 RICHARD J DENNIS Trustee 1.00 X 0 0 0 PETER FARRELL Trustee 1.00 X 0 0 0 DAVID FLEMING Trustee 1.00 X 0 0 0 C BOYDEN GRAY Trustee 1.00 X 0 0 0 JAMES D JAMESON Trustee 1.00 X 0 0 0 MANUEL S KLAUSNER Trustee 1.00 X 0 0 0 DAVID H KOCH Trustee 1.00 X 0 0 0 JAMES LINTOTT Trustee 1.00 X 0 0 0 STEPHEN MODZELEWSKI Trustee 1.00 X 0 0 0 GEORGE F OHRSTROM Trustee 1.00 X 0 0 0 CAROL SANDERS Trustee 1.00 X 0 0 0 RICHARD A WALLACE Trustee 1.00 X 0 0 0 KERRY WELSH Trustee 1.00 X 0 0 0 FRED M YOUNG JR Trustee 1.00 X 0 0 0 DAVID NOTT President & CEO 40.00 X X 345707 0 111422 ROBERT W POOLE JR Founder 40.00 X X 225000 0 303 MICHAEL ALISSI Vice President Operations 40.00 X 169730 0 9805 NICHOLAS GILLESPIE Vice President Reason Online 40.00 X 255827 0 4346 JONATHAN GRAFF Secretary/CFO/Treasurer 40.00 X 178730 0 11348 ADRIAN T MOORE Vice President Policy 40.00 X 184979 0 10128 JULIAN MORRIS Vice President Research 40.00 X 122651 0 9805 MATT WELCH Vice President Reason Magazine 40.00 X 163394 0 9830 MELISSA MANN Development Director 40.00 X 129530 0 7384 CHRISTOPHER MITCHELL Communications Director 40.00 X 112112 0 9539 1887660 0 183910 10 0 1 0 Ronald Bailey 517 Second St NE Charlottesville VA 22902 Science Correspondent 102000 1 10512 262193 9926160 565563 10198865 SUBSCRIPTION SALES 900099 744085 744085 CONFERENCE REVENUE 900099 420100 420100 ADVERTISING INCOME 511120 107645 107645 MAILING LIST RENTAL 511120 13145 13145 1284975 117912 117912 725842 683331 42511 42511 42511 15950 262193 178871 -162921 -162921 MISCELLANEOUS INCOME 900099 3686 3686 3686 11485028 1164185 120790 1188 1995344 1677657 129461 188226 3648767 3347798 29944 271025 262615 238175 913 23527 354322 321623 7209 25490 13182 13182 24824 24824 7253 7253 179746 149267 30479 294516 194831 12185 87500 253412 224820 7082 21510 558115 432023 2656 123436 106276 96190 10086 1544 1402 35 107 60020 53985 1292 4743 89772 80120 1976 7676 Contract Services 1179310 1140909 21567 16834 FOUNDATION EVENTS AND C 673467 673268 199 MAGAZINE PRINTING & DIS 510940 510248 692 ON-LINE SERVICES 131916 117234 3032 11650 208223 160709 9324 38190 10553564 9427512 264682 861370 285736 936536 395625 372522 982602 1190240 103427 147447 4125416 1243220 2933019 2882196 3890778 4168535 92263 83434 8683450 9780910 1130880 1270430 315447 303767 115543 1561870 1574197 X 5806509 6471529 1270792 1690905 44279 44279 7121580 8206713 8683450 9780910 931464 153669 0 X 0 1 1 0 X 8063133 8133170 10007790 9363678 10198865 45766636 8063133 8133170 10007790 9363678 10198865 45766636 11444248 34322388 83768 45331 51054 55022 117912 353087 758296 895556 1148266 1114346 3686 3920150 50039873 5150335 0.68590 0.72390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61265 61265 10492299 10553564 677678 169420 0 0 559097 650687 638014 677678 2525476 3788214 7870 28146 25103 61265 122384 139774 162672 159504 169420 631370 947055 63995 -117 63878 64112 -117 63995 55901 8211 64112 49184 6717 55901 40160 1000 8024 49184 0.69320 0.30680 0 0 1908473 1908473 1008828 97248 911580 1208115 1145972 62143 2882196 11801618 153669 162921 316590 11485028 0 11485028 10716485 162921 162921 10553564 0 10553564 Part V, Line 4: PROCEEDS FROM THE ENDOWMENT ARE MEANT TO SUPPORT THE ONGOING WORK OF THE REASON FOUNDATION. Part XI, Line 2d - Other Adjustments: EVENT EXPENSES 162,921. Part XII, Line 2d - Other Adjustments: EVENT EXPENSES 162,921. Cuba 0 0 Program Service Activity selpHeld a Conference in Cuba Providing Education and Promoting Libertarian P 161251 0 0 0 0 0 0 161251 0 161251 0 0 0 0 0 0 Reason Media Awards 2016 173134 158634 14500 32000 56384 14500 61220 Savas Privatization Awards 52509 51059 1450 9059 1450 4258 1 52500 52500 278143 262193 15950 32000 65443 15950 65478 178871 -162921 X X X X 0 1 0 0 0 0 0 0 0 DAVID NOTT President & CEO 270707 0 75000 0 0 0 100000 0 11422 0 457129 0 0 0 ROBERT W POOLE JR Founder 200000 0 25000 0 0 0 0 0 303 0 225303 0 0 0 MICHAEL ALISSI Vice President Operations 127730 0 42000 0 0 0 0 0 9805 0 179535 0 0 0 NICHOLAS GILLESPIE Vice President Reason Online 195827 0 60000 0 0 0 0 0 4346 0 260173 0 0 0 JONATHAN GRAFF Secretary/CFO/Treasurer 128730 0 50000 0 0 0 0 0 11348 0 190078 0 0 0 ADRIAN T MOORE Vice President Policy 144979 0 40000 0 0 0 0 0 10128 0 195107 0 0 0 MATT WELCH Vice President Reason Magazine 133394 0 30000 0 0 0 0 0 9830 0 173224 0 0 0 Part I, Line 4b The Organization has accrued $100,000 per year over the course of three years on behalf of David Nott, President & CEO, which was deposited into a newly formed IRC Section 457(f) nonqualified simplified employee retirement plan (the "Plan") during the year. In addition, investments of the Plan generated income totaling $13,301. Adrian Moore Officer 21186 Editing Services paid to Spouse of officer 0 Julian Morris Officer 20425 Communications to company owned by spouse of officer 0 X 21 479141 Quoted Price X Fdn Event Venue Costs 2 81393 List Price X Fdn Event Supples 2 2655 List Price X Fortinet Firewall 1 2374 List Price 0 0 0 Form 990, Part VI, Section A, line 4 During the year, the Foundation's Bylaws were amended to allow up to 25 Board Members. Form 990, Part VI, Section B, line 11 Line 11a explanation - 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.