2015-02-13T15:14:50-06:00 2014-03-31 COHNREZNICK LLP 6720B ROCKLEDGE DRIVE SUITE 750 BETHESDA MD 20817 990 2013-04-01 237432162 CATO INSTITUTE % VALERIE USHER CATO 2028420200 1000 MASSACHUSETTS AVE NW Suite WASHINGTON DC 200015403 JON HEIMERMAN VP FOR FINANCE & ADMIN. 2028420200 2015-02-13 true DANIEL D O'SHEA P00957510 2028420200 2013 2016-02-25 16:41:14Z JOHN ALLISON 1000 MASSACHUSETTS AVE NW WASHINGTON DC 20001 29121823 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. 18 17 233 17 0 20782297 27386455 789744 661801 82622 86264 351702 215590 22006365 28350110 873596 708851 0 0 12960835 13172134 0 0 3521956 12194414 10657580 26028845 24538565 -4022480 3811545 60639117 64520251 1907422 2065271 58731695 62454980 TO ORIGINATE, DISSEMINATE, AND INCREASE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE. false false 10990726 708851 POLICY ANALYSIS AND RESEARCH - STUDY AND EXAMINATION OF AREAS SUCH AS HEALTH CARE, INTERNATIONAL ECONOMICS AND DEVELOPMENT, TRADE POLICY, REGULATORY STUDIES, ENVIRONMENT, FOREIGN POLICY AND DEFENSE, EDUCATION, CONSTITUTIONAL STUDIES, FISCAL POLICY, AND DOMESTIC ISSUES IN ORDER TO PROMOTE AND DISSEMINATE LIBERTARIAN PHILOSOPHY AND IDEAS. 4922963 380566 PUBLICATIONS AND MEDIA - INCLUDES 22 POLICY ANALYSES, 4 DEVELOPMENT POLICY PAPERS, 8 TRADE POLICY PAPERS AND 4 TAX AND BUDGET BULLETINS. ALSO 4 ISSUES OF REGULATION MAGAZINE, 3 ISSUES OF CATO JOURNAL, 12 AUDIO CD'S AND 10 PUBLISHED BOOKS. 2527444 661801 CONFERENCES AND FORUMS/SEMINARS - CATO SPONSORED 513 FORUMS AND SEMINARS WITH TOPICS INCLUDING CONSTITUTIONAL STUDIES, MONETARY POLICY, LIMITED GOVERNMENT, HEALTH CARE, INTERNATIONAL TRADE AND ECONOMICS, TECHNOLOGY, FREE MARKETS, ENVIRONMENT, TERRORISM AND DEFENSE. 18441133 true true false false false false false false false true true false false false true true true false false true true true 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 163 0 233 true false false false false false true true false false false false X 18 17 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 VALERIE USHER 2028420200 1000 MASSACHUSETTS AVENUE NW WASHINGTON DC 200015403 X RICHARD J DENNIS DIRECTOR 2.5 X 0 0 0 JOHN C MALONE DIRECTOR 2.5 X LEWIS E RANDALL DIRECTOR 2.5 X HOWARD S RICH DIRECTOR 2.5 X JEFFREY S YASS DIRECTOR 2.5 X FRED YOUNG DIRECTOR 2.5 X ETHELMAE C HUMPHREYS DIRECTOR 2.5 X DAVID H KOCH DIRECTOR 2.5 X DONALD G SMITH DIRECTOR 2.5 X ROBERT A LEVY CHAIRMAN 2.5 X X K TUCKER ANDERSEN DIRECTOR 2.5 X NANCY PFOTENHAUER DIRECTOR 2.5 X PRESTON MARSHALL DIRECTOR 2.5 X JOHN A ALLISON PRESIDENT 40.0 X X 513846 730 NESTOR WEIGAND JR DIRECTOR 2.5 X BARON BOND DIRECTOR 2.5 X JAMES M KILTS DIRECTOR 2.5 X JAMES M LAPEYRE JR DIRECTOR 2.5 X WILLIAM DUNN THROUGH 92013 DIRECTOR 2.5 X DAVID BOAZ EXECUTIVE VICE PRESIDENT 40.0 X 260520 25410 WILLIAM ERICKSON VP OF FINANCE & ADMINISTRATION 40.0 X 179209 30015 ANTHONY PRYOR SECRETARY 40.0 X 79375 3001 TERRY BROWN CHIEF ADMINISTRATIVE OFFICER 40.0 X 81826 4148 GAYLLIS WARD SECRETARY 40.0 X 60000 0 ROGER PILON VP for Legal Affairs 40.0 X 175447 31673 ANDREI ILLARIONOV 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ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, QUESTION 4 TO SUPPORT THE OPERATIONAL COSTS OF CATO'S CONSTITUTIONAL STUDIES and student PROGRAMs THROUGH THE ANNUAL EARNINGS OF THE ENDOWMENT NET ASSETS. OTHER REVENUE INCLUDED ON RETURN NOT ON BOOKS SCHEDULE D, PART XI, LINE 4B COST OF GOODS SOLD: (164,976) OTHER EXPENSES INCLUDED ON BOOKS NOT ON FORM 990 SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD: 164,976 ALLOWANCE FOR UNCOLLECTIBLE PLEDGE: 105,000 ------- 269,976 FIN 48 FINANCIAL STATEMENT DISCLOSURE SCHEDULE D, PART X, LINE 2 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, 2014 and 2013; 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, 2014 and 2013. Tax years prior to 2010 are no longer subject to examination by the Internal Revenue Service or the tax jurisdictions of Kansas and the District of Columbia. OTHER REVENUE INCLUDED ON BOOKS NOT ON RETURN SCHEDULE D, PART XI, LINE 2D OTHER INCOME (DEBIT): -34,543 OTHER EXPENSES INCLUDED ON FORM 990 NOT ON BOOKS SCHEDULE D, PART XII, LINE 4B OTHER INCOME (DEBIT): 34,543 true Europe (Including Iceland and Greenland) 2 Grantmaking SCHOLARS 123334 Russia and the Newly Independent States Grantmaking 200000 South America 1 Grantmaking SCHOLARS 16667 South America 1 Program Services CONFERENCES/WEBSITE 7905 4 4 347906 347906 Russia and the Newly Independent States PROM LIBERTY 200000 WIRE N/A N/A 1 STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS Europe (Including Iceland and Greenland) 2 123334 WIRE N/A N/A STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS South America 1 16667 WIRE N/A N/A false false false false false false PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES 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 REGENTS OF THE UNIVERSITY OF CALIFORNIA One Shields Avenue Davis CA 95616 946036494 501(c)(3) 20000 1 STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS 10 348850 N/A N/A PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES SCHEDULE I, PART 1, LINE 2 PROGRAMS ARE SUPERVISED BY PROJECT MANAGERS WHO PROVIDE OVERSIGHT, APPROVE PAYMENTS, AND PROVIDE AN ACCOUNTING OF FUNDS SPENT. X false false X X X true false false false false false false false false EDWARD H CRANE FORMER PRESIDENT 400000 22500 422500 22500 DAVID BOAZ EXECUTIVE VICE PRESIDENT 260520 0 0 16513 8897 285930 0 WILLIAM ERICKSON VP OF FINANCE & ADMINISTRATION 176209 3000 0 12786 17229 209224 0 ROGER PILON VP for Legal Affairs 175447 0 0 12660 19013 207120 0 ANDREI ILLARIONOV SENIOR FELLOW 169300 0 0 9210 6123 184633 0 JOHN A ALLISON PRESIDENT 513846 0 0 0 730 514576 0 WILLIAM LINDSEY VICE PRESIDENT FOR RESEARCH 194534 0 0 7125 14575 216234 0 JEROME TAYLOR VP OF DEVELOPMENT 175403 0 0 6540 5568 187511 0 PATRICK MICHAELS DIR., Ctr for the Stdy of Sci. 174348 0 0 0 6123 180471 0 WRITTEN POLICY REGARDING REIMBURSEMENT SCHEDULE J, LINE 1B THE BOARD APPROVED THE PRESIDENT'S HOUSING ALLOWANCE AS PART OF HIS EMPLOYMENT AGREEMENT. SEVERANCE PAYMENT SCHEDULE J, LINE 4A EDWARD CRANE RECEIVED A SEVERANCE PAYMENT OF $250,000. X 52 2130134 FMV DATE OF RECEIPT false false false PROCESS USED TO REVIEW FORM 990 PART VI, SECTION A, QUESTION 11B A DRAFT 990 IS PROVIDED TO EACH MEMBER FOR REVIEW AND COMMENT PRIOR TO FINALIZATION. MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY PART VI, SECTION B, QUESTION 12C 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. PROCESS FOR DETERMINING COMPENSATION PART VI, SECTION B, QUESTION 15A INDEPENDENT CONTRACTOR REVIEWS COMPENSATION/BENEFITS. THE BOARD DISCUSSES AND APPROVES EXECUTIVE COMPENSATION/BENEFITS BASED ON RESULTS OF THE INDEPENDENT STUDY. MEMBERS, STOCKHOLDERS OR OTHER PERSONS WHO MAY ELECT THE GOVERNING BODY PART VI, SECTION A, QUESTION 7A MEMBERS OF THE BOARD VOTE TO APPROVE AND REMOVE MEMBERS. DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL PART VI, SECTION A, QUESTION 7B MEMBERS ELECT THE BOARD OF DIRECTORS AND MAY REMOVE DIRECTORS WITH A MAJORITY VOTE. HOW THE ORGANIZATION MAKES ORGANIZING DOCUMENTS AVAILABLE TO THE PUBLIC PART VI, SECTION C, QUESTION 19 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. OTHER CHANGES IN NET ASSETS PART XI, LINE 9 AN ALLOWANCE TOTALING $105,000 WAS RECORDED DURING THE YEAR ENDED MARCH 31, 2014 FOR THE POTENTIAL UNCOLLECTIBILITY OF A PLEDGE RECEIVABLE.