2016-02-14T11:43:54-06:00 2015-06-30 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2014-07-01 530196577 THE BROOKINGS INSTITUTION BROO 2027976000 1775 MASSACHUSETTS AVE NW WASHINGTON DC 200362103 STEWART URETSKY VP, CFO, & TREASURER 2027976000 2016-02-14 1 WILLIAM E TURCO CPA P00369217 3012963600 2014 2016-08-17 19:52:53Z STROBE TALBOTT 1775 MASSACHUSETTS AVE NW WASHINGTON DC 200362103 387664877 0 X WWW.BROOKINGS.EDU X 1939 DC ANALYZE POLICY ISSUES AND PRODUCE PRACTICAL NEW IDEAS. 54 53 629 54 2857 0 89488748 76694383 0 0 13114207 25741998 3923623 3950809 106526578 106387190 839102 893434 0 0 55823892 59424307 0 0 3152110 42905991 47608362 99568985 107926103 6957593 -1538913 496001963 482069162 52763951 61160022 443238012 420909140 X THE BROOKINGS INSTITUTION (BROOKINGS) IS A PRIVATE, NON-PROFIT, INDEPENDENT PUBLIC POLICY RESEARCH ORGANIZATION. BROOKINGS'S MISSION IS TO CONDUCT HIGH-QUALITY INDEPENDENT RESEARCH AND, BASED ON THAT RESEARCH, TO ADVANCE INNOVATIVE, PRACTICAL RECOMMENDATIONS THAT ADVANCE THREE BROAD GOALS: STRENGTHEN AMERICAN DEMOCRACY; FOSTER THE ECONOMIC AND SOCIAL WELFARE, SECURITY AND OPPORTUNITY OF ALL AMERICANS, AND SECURE A MORE OPEN, SAFE, PROSPEROUS AND COOPERATIVE INTERNATIONAL SYSTEM. FOR ALMOST 100 YEARS, BROOKINGS HAS ANALYZED CURRENT AND EMERGING ISSUES AND PRODUCED NEW IDEAS THAT MATTER - FOR THE NATION AND THE WORLD. RESEARCH AT BROOKINGS IS CONDUCTED TO INFORM THE PUBLIC DEBATE AND PROVIDE HIGH-QUALITY, NON-PARTISAN ANALYSIS ON THE CHALLENGES FACING AN INCREASINGLY INTERDEPENDENT WORLD. 0 0 24399898 645426 FOREIGN POLICY STUDIES:THE FOREIGN POLICY PROGRAM'S RESEARCH INFORMS ACADEMICS, POLICYMAKERS, THE PUBLIC AND OTHER STAKEHOLDERS TO HELP ADDRESS THE GREAT CHALLENGES FACING THE UNITED STATES AND THE INTERNATIONAL COMMUNITY IN THE 21ST CENTURY. THE FOREIGN POLICY PROGRAM AIMS TO STRENGTHEN AMERICA'S FOREIGN AND NATIONAL SECURITY POLICIES, ENLIGHTEN THE PUBLIC POLICY DEBATE, AND HELP GUIDE THE EMERGING INTERNATIONAL ORDER TOWARDS PEACE, SECURITY AND HUMAN PROGRESS. IN THE PAST YEAR, FOREIGN POLICY EXPERTS BOTH IN WASHINGTON AND IN OUR OVERSEAS CENTERS IN BEIJING, DOHA AND NEW DELHI EXAMINED A WIDE RANGE OF TOPICS INCLUDING THE RAPIDLY CHANGING DEVELOPMENTS THROUGHOUT THE ARAB WORLD, THE EFFECT OF THE EUROZONE CRISIS, THE CONTINUING CONFLICTS IN AFGHANISTAN AND IRAQ, BETWEEN RUSSIA AND UKRAINE AND ISRAEL AND PALESTINE, ARMS CONTROL AND NUCLEAR NON-PROLIFERATION, ENERGY SECURITY, MILITARY TECHNOLOGY, IRAN, INDIA, SYRIA, LIBYA, THE EVOLVING TRANSATLANTIC RELATIONSHIPS, HUMANITARIAN AID AND THE CHANGING GLOBAL ROLE OF CHINA. IN ADDITION TO PUBLISHING NUMEROUS WORKS OF SCHOLARSHIP IN FY2015, SCHOLARS IN THE FOREIGN POLICY PROGRAM PROVIDED CONGRESSIONAL TESTIMONY AND PRESIDED OVER MORE THAN 325 PUBLIC AND PRIVATE EVENTS. 18044964 ECONOMIC STUDIES:THE ECONOMIC STUDIES PROGRAM ANALYZES CURRENT AND EMERGING ECONOMIC POLICY ISSUES IN THE UNITED STATES AND WORLDWIDE. ITS RESEARCH AIMS TO INCREASE THE PUBLIC'S UNDERSTANDING OF HOW THE ECONOMY WORKS AND WHAT CAN BE DONE TO MAKE IT WORK BETTER. IN THE PAST YEAR, ECONOMIC STUDIES EXPERTS EXAMINED THE FEDERAL BUDGET DEFICIT AND THE RISING NATIONAL DEBT, AND COMMENTED ON SUCH DIVERSE ISSUES AS THE LABOR MARKET AND JOB CREATION, FISCAL AND MONETARY POLICY, AND THE ROLE OF EDUCATION AND OPPORTUNITY IN ECONOMIC MOBILITY. ECONOMIC STUDIES ALSO PRODUCES THE BROOKINGS PAPERS ON ECONOMIC ACTIVITY, THE LEADING SOURCE OF POLICY-ORIENTED, EMPIRICAL RESEARCH ON MACROECONOMICS. IN ADDITION TO PUBLISHING NUMEROUS WORKS OF SCHOLARSHIP IN FY2015, ECONOMIC STUDIES HELD OVER 152 EVENTS BOTH PUBLIC AND PRIVATE, SCHOLARS ALSO SPOKE AT 90 EXTERNAL EVENTS, WROTE 633 OP-EDS AND BLOGS, PRODUCED 123 PAPERS AND BRIEFS, PUBLISHED 8 BOOKS, TESTIFIED ON CAPITOL HILL 15 TIMES, AND WERE CITED OR INTERVIEWED IN 27,389 MEDIA STORIES. WORK BY ES SCHOLARS WAS ALSO CITED 19 TIMES IN THE MOST RECENT ECONOMIC REPORT OF THE PRESIDENT. 11628527 METROPOLITAN POLICY:THE METROPOLITAN POLICY PROGRAM BELIEVES THAT CITIES AND METROPOLITAN AREAS ARE THE HUBS OF THE NATIONAL AND GLOBAL ECONOMY AND THE PRIMARY PLACES WHERE PEOPLE SEEK JOBS AND OPPORTUNITY. THEY ARE AT THE FOREFRONT OF THE MAJOR DEMOGRAPHIC AND SOCIAL CHANGES CONFRONTING THE NATION. OUR MISSION AT THE METROPOLITAN POLICY PROGRAM IS TO DELIVER RESEARCH AND SOLUTIONS THAT HELP METROPOLITAN LEADERS BUILD AN ADVANCED ECONOMY THAT WORKS FOR ALL. IN ORDER TO CREATE AN ADVANCED ECONOMY THAT WORKS FOR ALL, METROPOLITAN AREAS MUST IMPLEMENT POLICIES THAT (1) MAXIMIZE WORKERS' POTENTIAL, (2) FUEL ADVANCED INDUSTRIES, (3) ENGAGE THE GLOBAL MARKETPLACE, AND (4) SUPPORT INFRASTRUCTURE THAT PROTECTS THE ENVIRONMENT, FACILITATES ECONOMIC ACTIVITY, AND IMPROVES ACCESS TO OPPORTUNITY. 10273424 248008 GLOBAL ECONOMY AND DEVELOPMENT:THE GLOBAL ECONOMY AND DEVELOPMENT PROGRAM EXAMINES THE OPPORTUNITIES AND CHALLENGES PRESENTED BY GLOBALIZATION, WHICH HAS BECOME A CENTRAL CONCERN FOR INTERNATIONAL POLICYMAKERS, BUSINESS LEADERS, THE MEDIA AND CIVIL SOCIETY. GLOBAL ECONOMY AND DEVELOPMENT EXPERTS ADDRESS THE ISSUES SURROUNDING GLOBALIZATION WITHIN TWO KEY AREAS: STRENGTHENING THE DRIVERS OF SUSTAINABLE GROWTH AND ENDING EXTREME POVERTY BY 2030. IN THE PAST YEAR, THE RESEARCH AGENDA FOR THE PROGRAM EXAMINED THE GLOBAL AND REGIONAL RISKS SHAPING THE GLOBAL ECONOMY; HOW GLOBAL INSTITUTIONS CAN ACHIEVE BETTER ECONOMIC POLICY COORDINATION; POLICIES THAT STIMULATE GROWTH AND SOCIAL MOBILITY; THE KNOWLEDGE GAPS, PATHWAYS AND RISKS TO ENDING EXTREME POVERTY; HOW THE POST-2015 GOALS CAN BE EFFECTIVELY FINANCED, IMPLEMENTED, AND MEASURED; AND, POLICY INTERVENTIONS THAT FACILITATE OPPORTUNITIES FOR LIFE AND LIVELIHOOD. IN ADDITION TO PUBLISHING NUMEROUS WORKS OF SCHOLARSHIP IN FY 2015, GLOBAL ECONOMY AND DEVELOPMENT HELD NUMEROUS EVENTS OPEN TO THE GENERAL PUBLIC. 7336759 GOVERNANCE STUDIES:THE GOVERNANCE STUDIES PROGRAM BRINGS TOGETHER PEOPLE INTERESTED IN IMPROVING THE PERFORMANCE OF OUR NATIONAL GOVERNMENT AND BETTERING THE ECONOMIC SECURITY, SOCIAL WELFARE, AND OPPORTUNITY AVAILABLE TO ALL AMERICANS. IN THE PAST YEAR, GOVERNANCE STUDIES EXPERTS EXAMINED THE POLITICS BEHIND HEALTH CARE REFORM, AMERICA'S ECONOMIC RECOVERY, PARTISAN POLITICS AND COMMENTED ON OTHER TIMELY TOPICS, SUCH AS THE NATIONAL ELECTIONS, U.S. BUDGET CRISES, U.S. JOB POLICIES, CONGRESSIONAL PRIMARIES, STRENGTHENING U.S. DEMOCRACY, JUDICIAL SELECTION REFORM, THE U.S. EDUCATIONAL SYSTEM, PARTISAN GRIDLOCK IN LEGISLATION, MOBILE FINANCIAL INCLUSION AND THE USE OF ONLINE TOOLS AND INFORMATION TECHNOLOGY TO INCREASE GOVERNMENT EFFICIENCY. IN ADDITION TO PUBLISHING NUMEROUS WORKS OF SCHOLARSHIP IN FY 2015, GOVERNANCE STUDIES HELD 45 EVENTS OPEN TO THE GENERAL PUBLIC. 2159749 1709691 BROOKINGS PRESS:THE BROOKINGS PRESS PUBLISHES PUBLIC POLICY RESEARCH FROM BROOKINGS' OWN SCHOLARS AS WELL AS OTHER AUTHORS. THESE PUBLICATIONS PROVIDE EXTENSIVE BACKGROUND AND INSIGHT ON IMPORTANT PUBLIC POLICY ISSUES IN BUSINESS, ECONOMICS, GOVERNMENT AND INTERNATIONAL AFFAIRS. 2443840 COMMUNICATIONS AND WEB:THE COMMUNICATIONS DEPARTMENT DISSEMINATES INFORMATION ABOUT BROOKINGS, ITS SCHOLARS AND RESEARCH, AND THE ARRAY OF RESOURCES THAT BROOKINGS OFFERS. COMMUNICATIONS OVERSEES THE COMMENTARY AND ANALYSIS THAT APPEAR ON THE BROOKINGS' WEBSITE (WWW.BROOKINGS.EDU) AND THAT ARE DISTRIBUTED THROUGH BROOKINGS'S SOCIAL MEDIA CHANNELS AND OTHER DIGITAL COMPONENTS OF OUTREACH AND EDUCATION. THE DEPARTMENT SUPPORTS THE RESEARCH PROGRAMS BY PROVIDING VIDEO, GRAPHIC DESIGN AND OTHER MULTIMEDIA SERVICES, AND INTERACTS WITH MEDIA FOR THE PURPOSES OF ARRANGING INTERVIEWS AND REPUBLISHING CONTENT. IT ALSO HOUSES THE ORGANIZATION'S PUBLISHING HOUSE, BROOKINGS INSTITUTION PRESS. 9842 OTHER RESEARCH:INCLUDES RESEARCH INITIATIVES OF THE EXECUTIVE OFFICE AND BROOKINGS' EXECUTIVE EDUCATION PROGRAM, A PARTNERSHIP WITH WASHINGTON UNIVERSITY IN ST. LOUIS. 22223614 248008 1709691 76297003 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 1 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 X 451 0 1 629 1 1 0 1 QA UK IN 0 0 0 0 0 0 0 0 X 54 53 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CO CT FL GA IL KS KY MA MD ME MI MS NC ND NH NJ NM NY OH OK OR PA RI SC TN VA WA WI WV X X STEWART A URETSKY 2027976000 1775 MASSACHUSETTS AVE NW WASHINGTON DC 200362103 DAVID M RUBENSTEIN CO-CHAIR OF THE BOARD 4.00 X X 0 0 0 JOHN L THORNTON CO-CHAIR OF THE BOARD 4.00 X X 0 0 0 GLENN HUTCHINS VICE CHAIR, BOARD/CAMPAIGN CHAIR 3.50 X X 0 0 0 SUZANNE NORA JOHNSON VICE CHAIR, BOARD/CHAIR, INVESTMENT 3.50 X X 0 0 0 CHERYL COHEN EFFRON CHAIR, DEVELOPMENT COMMITTEE 3.00 X 0 0 0 BART FRIEDMAN CHAIR, AUDIT COMMITTEE 3.00 X 0 0 0 BENJAMIN R JACOBS CHAIR, BUDGET & FINANCE COMMITTEE 3.00 X 0 0 0 TRACY R WOLSTENCROFT CHAIR, NOMINATIONS & GOVERNANCE COMMITTEE 3.00 X 0 0 0 ROBERT J ABERNETHY TRUSTEE 2.00 X 0 0 0 PAUL M ACHLEITNER TRUSTEE 2.00 X 0 0 0 LIAQUAT AHAMED TRUSTEE 2.00 X 0 0 0 DOMINIC BARTON TRUSTEE 2.00 X 0 0 0 ROBERT M BASS TRUSTEE 2.00 X 0 0 0 ALAN R BATKIN TRUSTEE 2.00 X 0 0 0 CRANDALL BOWLES TRUSTEE 2.00 X 0 0 0 HANZADE DOGAN BOYNER TRUSTEE 2.00 X 0 0 0 PAUL L CEJAS TRUSTEE 2.00 X 0 0 0 W EDMUND CLARK TRUSTEE 2.00 X 0 0 0 ABBY JOSEPH COHEN TRUSTEE 2.00 X 0 0 0 BETSY Z COHEN TRUSTEE 2.00 X 0 0 0 ARTHUR R COLLINS TRUSTEE 2.00 X 0 0 0 HOWARD E COX TRUSTEE 2.00 X 0 0 0 ARTHUR B CULVAHOUSE JR TRUSTEE 2.00 X 0 0 0 ALAN M DACHS TRUSTEE 2.00 X 0 0 0 PAUL DESMARAIS JR TRUSTEE 2.00 X 0 0 0 KENNETH M DUBERSTEIN TRUSTEE 2.00 X 0 0 0 ALFONSO FANJUL TRUSTEE 2.00 X 0 0 0 ANN M FUDGE TRUSTEE 2.00 X 0 0 0 ELLEN V FUTTER TRUSTEE 2.00 X 0 0 0 BRIAN L GREENSPUN TRUSTEE 2.00 X 0 0 0 PETE HIGGINS TRUSTEE 2.00 X 0 0 0 SHIRLEY A JACKSON TRUSTEE 2.00 X 0 0 0 RICHARD A KIMBALL JR TRUSTEE 2.00 X 0 0 0 KLAUS KLEINFELD TRUSTEE 2.00 X 0 0 0 PHILIP H KNIGHT TRUSTEE 2.00 X 0 0 0 NIGEL MORRIS TRUSTEE 2.00 X 0 0 0 JAMES MURREN TRUSTEE 2.00 X 0 0 0 THOMAS C RAMEY TRUSTEE 2.00 X 0 0 0 EDGAR RIOS TRUSTEE 2.00 X 0 0 0 JAMES ROGERS TRUSTEE 2.00 X 0 0 0 WILBUR ROSS TRUSTEE 2.00 X 0 0 0 HAIM SABAN TRUSTEE 2.00 X 0 0 0 VICTORIA P SANT TRUSTEE 2.00 X 0 0 0 LEONARD D SCHAEFFER TRUSTEE 2.00 X 0 0 0 PETER SCHER TRUSTEE 2.00 X 0 0 0 AMY SCHULMAN TRUSTEE 2.00 X 0 0 0 LYNN THOMAN TRUSTEE 2.00 X 0 0 0 ANDREW H TISCH TRUSTEE 2.00 X 0 0 0 BEATRICE WELTERS TRUSTEE 2.00 X 0 0 0 JOHN H WHITE JR TRUSTEE 2.00 X 0 0 0 DANIEL YERGIN TRUSTEE 2.00 X 0 0 0 LEI ZHANG TRUSTEE 2.00 X 0 0 0 DANIEL B ZWIRN TRUSTEE 2.00 X 0 0 0 N STROBE TALBOTT PRESIDENT 40.00 X X 606140 0 158424 STEWART URETSKY VP, CFO, & TREASURER 40.00 X 325634 0 54438 DAVID PORTER ASSOC. VP & ASSISTANT TREASURER 40.00 X 198658 0 48610 AMANDA MAYS ASST. SECRETARY 40.00 X 54304 0 13323 LEIGH SLOANE SECRETARY 40.00 X 154933 0 43748 MARTIN S INDYK EXECUTIVE VICE PRESIDENT 40.00 X 340048 0 58187 TED GAYER VP & DIR OF ECONOMIC STUDIES 40.00 X 347617 0 39847 BRUCE J KATZ VP & CO-DIR, METROPOLITAN POLICY 40.00 X 347991 0 65905 DARRELL M WEST VP & DIR OF GOVERNANCE STUDIES 40.00 X 286814 0 52835 KEMAL DERVIS VP & DIR OF GLOBAL 40.00 X 314934 0 36074 STEVEN J BENNETT CHIEF OPERATIONS OFFICER 40.00 X 300670 0 33353 CATHERINE A PIEZ CHIEF INVESTMENT OFFICER 40.00 X 287176 0 44846 KIMBERLY CHURCHES VP FOR IAER 40.00 X 278159 0 39452 WILLIAM G GALE SR FELLOW & DIR, TAX POLICY CENTER 40.00 X 396442 0 47123 MARK B MCCLELLAN DIR, IIVH & SR FELLOW, ES 40.00 X 300575 0 46952 GROVER WHITEHURST SR. FELLOW & BROWN CENTER DIR 40.00 X 264663 0 31082 DAVID WESSEL SR FELLOW & DIR, HUTCHINS CENTER 40.00 X 289543 0 0 DAVID NASSAR VP FOR COMMUNICATIONS 40.00 X 266535 0 28955 WILLIAM J ANTHOLIS FORMER SECRETARY 40.00 X 309199 0 58056 5670035 0 901210 154 1 1 0 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606735723 IT/COMPUTER HARDWARE, SOFTWARE & MAINT. 1747144 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 FOOD SERVICES & CAFETERIA & FACILITIES M 1215050 DIVERSIFIED SYSTEMS 23475 ROCK HAVEN WAY BLDG D2 SUITE DULLES VA 20166 BROADCAST, AUDIO/VISUAL, RF AND IT INDU 1126817 HBW GROUP 1055 FIRST STREET ROCKVILLE MD 20850 CONSTRUCTION, COMMERCIAL REAL ESTATE, PR 1098478 ACCENTURE LLP PO BOX 70629 CHICAGO IL 60673 GLOBAL MGMT, CONSULTING & TECHNOLOGY SVC 996096 55 2474897 74219486 5333677 76694383 13894953 13894953 503843 323342 180501 180501 180501 292395502 280548457 11847045 11847045 11847045 1709692 405888 1303804 1300947 2857 CAFETERIA INCOME 900099 2280852 2280852 OTHER INCOME 900099 185652 185652 2466504 106387190 1300947 2857 28389003 X 538224 538224 355210 355210 4591824 1798258 2298915 494651 36512297 29025258 6529826 957213 4190771 207837 3982934 11041959 13863989 -3413163 591133 3087456 3087456 883860 47654 836206 215386 48319 167067 3720869 3720869 12118585 9831752 2210451 76382 447110 387656 5823 53631 1993991 1055272 874380 64339 2740793 1918938 776578 45277 2743210 7306867 -4908419 344762 4086439 3127371 777574 181494 39560 39560 4305597 3912662 71692 321243 1860060 1860060 5510169 943290 4566879 348385 348385 OTHER DIRECT COSTS 4889957 728482 4139490 21985 PUBLISHING 1142100 1130913 11187 REPAIR/MAINTENANCE 547981 45060 502921 BAD DEBT 33455 31980 1475 -19145 -47549 28404 107926103 76297003 28476990 3152110 19739962 17921029 25145539 33698595 90045932 73381988 375256 684880 277943 185795 858388 1324728 83825084 44370424 39714084 39454660 78272689 88494946 240604812 223335505 967358 3587036 496001963 482069162 8909205 9023314 209794 557449 39341663 1317063 48339270 2986226 3239989 52763951 61160022 X 212677352 202164069 148721246 135007845 81839414 83737226 443238012 420909140 496001963 482069162 X -1538913 -11483972 -9305987 X 0 1 X 1 1 1 X 86934790 114836670 80276594 89488748 76694383 448231185 86934790 114836670 80276594 89488748 76694383 448231185 23993628 424237557 3851328 4004951 7056159 3244431 14398796 32555665 504358 2135707 2141934 2039560 2466504 9288063 490074913 8780395 0.86570 0.88620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2010 AMOUNT: $ 504,358. 2011 AMOUNT: $ 2,135,707. 2012 AMOUNT: $ 2,141,934. 2013 AMOUNT: $ 2,039,560. 2014 AMOUNT: $ 2,466,504. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203875 X 0 441281539 66444006 11159614 92011199 1148693 425725267 404469002 6136117 45195854 13463737 1055697 441281539 381988094 3773990 32490567 12995750 787899 404469002 356490353 39783421 -583565 12787612 914503 381988094 302934775 15192166 51676961 12419859 893690 356490353 0.48620 0.19670 0.31710 0 0 4155620 4155620 52940550 25841583 27098967 20348890 13144521 7204369 6380024 5384320 995704 39454660 223335505 F 223335505 ACCRUED POST-RETIREMENT BENEFIT OBLIGATION 2107000 DEFERRED RENT EXPENSE PAYABLE 883658 DEFERRED COMPENSATION 249331 3239989 X 90775165 -11483972 47549 -532689 -11969112 102744277 4048801 -405888 3642913 106387190 104332431 47549 407579 455128 103877303 4048801 4048801 107926104 PART III, LINE 4: BROOKINGS PHOTOGRAPHY COLLECTION WAS DONATED TO ENHANCE THE FACILITIES WHERE BROOKINGS SCHOLARS MEET WITH OTHER KEY PEOPLE IN THE PUBLIC POLICY WORLD. THIS CONTRIBUTES TO AN ATMOSPHERE THAT PROMOTES CONVERSATION AND INTERACTION. PART V, LINE 4: BROOKINGS CAREFULLY BALANCES ITS FUNDING TO RESPOND TO CURRENT POLICY ISSUES AS WELL AS UNDERTAKE LONG-TERM RESEARCH PROJECTS. AS NEW CHALLENGES EMERGE, THE ENDOWMENT IS USED TO MAKE NEW RESEARCH PROJECTS POSSIBLE, SUPPORTING CORE ADMINISTRATIVE COSTS, AS WELL AS, SCHOLAR-DRIVEN RESEARCH. PART X, LINE 2: BROOKINGS IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND HAS BEEN DESIGNATED BY THE INTERNAL REVENUE SERVICE AS A "PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A)(1) OF THE CODE. BROOKINGS ENGAGES IN CERTAIN ACTIVITIES THAT PRODUCE UNRELATED BUSINESS INCOME, AS DEFINED BY FEDERAL INCOME TAX REGULATIONS. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING BALANCE SHEET, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. BROOKINGS FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF JUNE 30, 2015, AND FOR THE YEAR THEN ENDED, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. GENERALLY, BROOKINGS IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN/(LOSS) ON FOREIGN CURRENCY EXCHANGE -532,689. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON LINE 10B -405,888. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATE EXPENSES INCLUDED ON THE CONSOLIDATED FINANCIAL STATEMENT 1,691. COST OF GOODS SOLD REPORTED ON LINE 10B 405,888. 1 EAST ASIA AND THE PACIFIC 1 6 PROGRAM SERVICES, FUNDRAISING ACTIVITIES, MAINTAINING OFFICES PUBLIC POLICY RESEARCH 341903 MIDDLE EAST AND NORTH AFRICA 1 11 PROGRAM SERVICES, FUNDRAISING ACTIVITIES, MAINTAINING OFFICES PUBLIC POLICY RESEARCH 5460314 SOUTH ASIA 1 13 PROGRAM SERVICES, FUNDRAISING ACTIVITIES, MAINTAINING OFFICES PUBLIC POLICY RESEARCH 998033 EAST ASIA AND THE PACIFIC 0 0 GRANT TO RECIPIENTS LOCATED IN REGION 311911 MIDDLE EAST AND NORTH AFRICA 0 0 GRANT TO RECIPIENTS LOCATED IN REGION 43299 3 30 0 0 3 30 7155460 0 7155460 EAST ASIA AND THE PACIFIC RESEARCH 311911 WIRE TRANSFER 1 PROGRAM SERVICES MIDDLE EAST AND NORTH AFRICA 7 43299 WIRE TRANSFER 1 0 1 0 1 1 PART I, LINE 2: THE BROOKINGS INSTITUTION MAINTAINS RECORDS OF HOW GRANT FUNDS ARE USED AND VERIFIES THROUGH REGULAR REPORTS AND COMMUNICATIONS THAT GRANTS ARE USED IN A WAY CONSISTENT WITH THEIR ORIGINAL PURPOSE. 1 FELLOWSHIP STIPENDS 16 538224 PART I, LINE 2: BROOKINGS DOES NOT ISSUE GRANTS TO OTHER ORGANIZATIONS. BROOKINGS DOES ISSUE FELLOWSHIP STIPENDS TO INDIVIDUALS. THESE DISBURSEMENTS ARE MONITORED AS THE INDIVIDUALS ARE GENERALLY RESIDENTS AT BROOKINGS AND THEIR WORK IS SUPERVISED BY THEIR BROOKINGS ADVISOR. 1 X X X X X 0 1 0 0 0 0 0 1 0 N STROBE TALBOTT PRESIDENT 532255 0 56250 0 17635 0 147950 0 11728 0 765818 0 0 0 STEWART URETSKY VP, CFO, & TREASURER 283441 0 21500 0 20693 0 32658 0 25333 0 383625 0 0 0 DAVID PORTER ASSOC. VP & ASSISTANT TREASURER 190813 0 7500 0 345 0 24330 0 27508 0 250496 0 0 0 LEIGH SLOANE SECRETARY 154783 0 0 0 150 0 20543 0 31957 0 207433 0 0 0 MARTIN S INDYK EXECUTIVE VICE PRESIDENT 337397 0 0 0 2651 0 41227 0 18702 0 399977 0 0 0 TED GAYER VP & DIR OF ECONOMIC STUDIES 324416 0 23000 0 201 0 39847 0 5862 0 393326 0 0 0 BRUCE J KATZ VP & CO-DIR, METROPOLITAN POLICY 330346 0 17000 0 645 0 41227 0 28181 0 417399 0 0 0 DARRELL M WEST VP & DIR OF GOVERNANCE STUDIES 285824 0 0 0 990 0 34977 0 18721 0 340512 0 0 0 KEMAL DERVIS VP & DIR OF GLOBAL 298029 0 15000 0 1905 0 36074 0 3502 0 354510 0 0 0 STEVEN J BENNETT CHIEF OPERATIONS OFFICER 280945 0 19500 0 225 0 33353 0 607 0 334630 0 0 0 CATHERINE A PIEZ CHIEF INVESTMENT OFFICER 278804 0 5000 0 3372 0 31200 0 14704 0 333080 0 0 0 KIMBERLY CHURCHES VP FOR IAER 259509 0 18500 0 150 0 31629 0 10410 0 320198 0 0 0 WILLIAM G GALE SR FELLOW & DIR, TAX POLICY CENTER 358071 0 25175 0 13196 0 31200 0 16785 0 444427 0 0 0 MARK B MCCLELLAN DIR, IIVH & SR FELLOW, ES 286862 0 9125 0 4588 0 31200 0 19254 0 351029 0 0 0 GROVER WHITEHURST SR. FELLOW & BROWN CENTER DIR 259073 0 2500 0 3090 0 31082 0 862 0 296607 0 0 0 DAVID WESSEL SR FELLOW & DIR, HUTCHINS CENTER 288553 0 0 0 990 0 0 0 1142 0 290685 0 0 0 DAVID NASSAR VP FOR COMMUNICATIONS 254810 0 11500 0 225 0 11085 0 19657 0 297277 0 0 0 WILLIAM J ANTHOLIS FORMER SECRETARY 293974 0 15000 0 225 0 36107 0 22522 0 367828 0 0 0 PART I, LINE 4B STROBE TALBOTT PARTICIPATES IN A NONQUALIFIED RETIREMENT PLAN UNDER IRC 457(F). PLAN PARTICIPATION IS EXPECTED TO LAST UNTIL 06/30/2018. PART I, LINE 7 BONUSES ARE DISCRETIONARY AND ARE BASED ON INSTITUTIONAL AFFORDABILITY, AS DETERMINED ANNUALLY BY THE PRESIDENT. X 20 3519236 FMV X SOFTWARE/HARDWARE 1 1814441 FMV 0 1 0 FORM 990, PART V, LINE 3B THE BROOKINGS INSTITUTION IS AWAITING ADDITIONAL INFORMATION IN ORDER TO TIMELY FILE A COMPLETE AND ACCURATE FORM 990-T BY THE EXTENDED DEADLINE OF MAY 15, 2016. FORM 990, PART VI, SECTION A, LINE 2 JOHN THORNTON AND BRIAN GREENSPUN - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF TRUSTEES APPROVED AMENDING THE TERMS FOR COMMITTEE CHAIRS ELECTED FOR FY15 TO BE A TERM OF ONE YEAR; AND ALSO APPROVED THAT THE WORD "BUILDING" BE MADE PLURAL AND THAT THE WORDS AND 1780 MASSACHUSETTS AVENUE" BE ADDED TO SECTION 7.01(C) OF THE BYLAWS APPROVED ON 7 MARCH 2014. THIS AMENDMENT WAS ADOPTED THE 30TH DAY OF MAY, 2014. FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS APPOINTED THE AUDIT COMMITTEE OF THE BOARD AS THE RESPONSIBLE BOARD PARTY FOR REVIEWING THE FORM 990 AND 990T EACH YEAR STARTING WITH THE FISCAL YEAR ENDED JUNE 30, 2009. ONCE THE FORM HAS BEEN COMPLETED IT IS REVIEWED INTERNALLY BY THE PRESIDENT, THE CHIEF FINANCIAL OFFICER, THE CONTROLLER, THE GENERAL COUNSEL, AND OTHER MEMBERS OF THE SENIOR STAFF, ALONG WITH THE AUDIT COMMITTEE. ONCE THOSE REVIEWS ARE COMPLETED AND THE DOCUMENT HAS BEEN APPROVED, IT IS SENT TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BROOKINGS PERSONNEL AND CERTAIN AFFILIATES ARE REQUIRED TO COMPLETE A DISCLOSURE AND ACKNOWLEDGMENT FORM RELATED TO THE INSTITUTION'S CONFLICT OF INTEREST POLICY. SPECIFICALLY, ALL EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THAT THEY HAVE READ, UNDERSTOOD, AND ARE COMMITTED TO ABIDING BY THE INSTITUTION'S CONFLICT OF INTEREST POLICY AS WELL AS CERTAIN OTHER INSTITUTIONAL POLICIES AND ARE ADDITIONALLY ASKED TO MAKE CERTAIN DISCLOSURES ABOUT THEIR ACTIVITIES OUTSIDE OF WORK AND FINANCES TO HELP IDENTIFY POSSIBLE CONFLICTS OF INTEREST. ALL FORMS ARE SUBMITTED TO THE OFFICE OF THE GENERAL COUNSEL, WHICH REVIEWS THEM AND HAS DISCRETION TO MAKE RECOMMENDATIONS OR RAISE CONCERNS WITH AFFECTED INDIVIDUALS AS APPROPRIATE. MINOR ISSUES INVOLVING POTENTIAL OR APPARENT CONFLICTS OF INTEREST AND QUESTIONS ABOUT THE SAME ARE RESOLVED BY THE GENERAL COUNSEL IN CONSULTATION WITH OTHER MEMBERS OF SENIOR MANAGEMENT AS APPROPRIATE. MAJOR CONFLICT OF INTEREST ISSUES AND CONFLICT OF INTEREST ISSUES INVOLVING TRUSTEES HAVE BEEN REFERRED TO THE AUDIT COMMITTEE. THE GENERAL COUNSEL REGULARLY CONFERS WITH THE CHAIR OF THE AUDIT COMMITTEE REGARDING THE INSTITUTION'S CONFLICT OF INTEREST POLICY AND ANY CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTION'S BYLAWS PROVIDE FOR A COMPENSATION COMMITTEE CONSISTING OF THE CHAIR (OR CO-CHAIRS) OF THE BOARD OF TRUSTEES, THE VICE-CHAIRS, AND THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD (AUDIT, BUDGET AND FINANCE, NOMINATING AND GOVERNANCE, INVESTMENT AND DEVELOPMENT). THE CHAIR (OR CO-CHAIRS) DETERMINES THAT THE MEMBERS ARE FREE OF ANY CONTRACTUAL OR OTHER RELATIONSHIPS THAT WOULD PUT INTO QUESTION THE EXERCISE OF HIS OR HER INDEPENDENT JUDGMENT. THE COMPENSATION COMMITTEE HAS THE AUTHORITY TO SET THE SALARY OF THE PRESIDENT AND SUCH OTHER OFFICERS, DIRECTORS, MANAGERS, OR EMPLOYEES AS THE EXECUTIVE COMMITTEE OR AUDIT COMMITTEE RECOMMENDS BE SET BY THE COMPENSATION COMMITTEE. IN SETTING SUCH SALARIES, THE COMPENSATION COMMITTEE ASKS THE CHIEF OPERATING OFFICER AND THE CHIEF HUMAN RESOURCES OFFICER TO GATHER RELEVANT SALARY COMPARABILITY DATA AND RECORD COMMITTEE MINUTES WHICH CLEARLY DOCUMENT THE COMMITTEE'S DECISIONS AND THE RATIONALE UNDERLYING SUCH DECISIONS. THE COMMITTEE TENDS TO USE AN OUTSIDE CONSULTANT TO ESTABLISH SALARY COMPARABLES AND TO DETERMINE THE REASONABLENESS OF THE COMPENSATION RECEIVED BY ALL DISQUALIFIED PERSONNEL. FORM 990, PART VI, SECTION C, LINE 19 BROOKINGS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FORM 990 AVAILABLE UPON REQUEST. INQUIRIES COME TO THE ORGANIZATION'S ATTENTION VIA E-MAIL, PHONE, AND MAIL. WHENEVER POSSIBLE, BROOKINGS REPLIES BY PROVIDING AN ELECTRONIC COPY OR BY DIRECTING REQUESTORS TO GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G CONTACTS/PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 7,654,928. MANAGEMENT AND GENERAL EXPENSES 2,046,525. FUNDRAISING EXPENSES 76,382. TOTAL EXPENSES 9,777,835. QUALIFIED SUBCONTACTS: PROGRAM SERVICE EXPENSES 1,365,931. MANAGEMENT AND GENERAL EXPENSES 334. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,366,265. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 810,893. MANAGEMENT AND GENERAL EXPENSES 163,592. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 974,485. FORM 990, PART XI, LINE 9: GAIN/(LOSS) ON FOREIGN CURRENCY EXCHANGE -532,689. EFFECT OF ADOPTION PROVISIONS SFAS NO. 158 -23,000. INDIA PRIVATE EXPENSES NOT INCLUDED IN FORM 990 -1,691. FOREIGN CURRENCY -670. LOSS ON BOND REFINANCING -8,747,937. BROOKINGS CENTER - DOHA PO BOX 22694 DOHA QA ANALYSIS AND RESEARCH QA THE BROOKINGS INSTITUTION 1 INDIAN PRIVATE LIMITED 1568 CHURCH ROAD KASHMERE GATE NEW DELHI IN 110006 ANALYSIS AND RESEARCH IN THE BROOKINGS INSTITUTION C 3622 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0