2014-11-14T10:34:13-06:00 2014-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2013-07-01 131628168 Council on Foreign Relations Inc % KEITH OLSON COUN 2124349400 58 East 68th Street Suite New York NY 10065 keith olson exec vp, cfo & treasurer 2124349400 2014-11-13 true Scott Thompsett P00741490 2124349400 2013 2015-11-30 17:44:51Z RICHARD HAASS PRESIDENT 58 East 68th Street New York NY 10065 167606700 false X www.CFR.org X 1921 NY CFR is an independent, non-partisan membership organization, think tank, & publisher dedicated to under- standing the foreign policy choices facing the U.S. & other countries. 34 34 379 125 1915135 0 32692700 35395400 7992700 8213400 12379200 15887900 1136817 1553400 54201417 61050100 1465958 0 0 0 31025063 33701900 0 0 3880700 29139197 31021000 61630218 64722900 -7428801 -3672800 461885499 491869900 85000900 84993900 376884599 406876000 X THE COUNCIL ON FOREIGN RELATIONS (CFR) IS AN INDEPENDENT, NONPARTISAN MEMBERSHIP ORGANIZATION, THINK TANK, AND PUBLISHER DEDICATED TO BEING A RESOURCE FOR ITS MEMBERS, GOVERNMENT OFFICIALS, BUSINESS EXECUTIVES, JOURNALISTS, EDUCATORS AND STUDENTS, CIVIC AND RELIGIOUS LEADERS, AND OTHER INTERESTED CITIZENS IN ORDER TO HELP THEM BETTER UNDERSTAND THE WORLD AND THE FOREIGN POLICY CHOICES FACING THE UNITED STATES AND OTHER COUNTRIES. FOUNDED IN 1921, CFR TAKES NO INSTITUTIONAL POSITIONS ON MATTERS OF POLICY. CFR CARRIES OUT ITS MISSION BY MAINTAINING A DIVERSE MEMBERSHIP, INCLUDING SPECIAL PROGRAMS TO PROMOTE INTEREST AND DEVELOP EXPERTISE IN THE NEXT GENERATION OF FOREIGN POLICY LEADERS. CONVENING MEETINGS AT ITS HEADQUARTERS IN NEW YORK AND IN WASHINGTON, DC, AND OTHER CITIES WHERE SENIOR GOVERNMENT OFFICIALS, MEMBERS OF CONGRESS, GLOBAL LEADERS, AND PROMINENT THINKERS COME TOGETHER WITH CFR MEMBERS TO DISCUSS AND DEBATE MAJOR INTERNATIONAL ISSUES; supporting a Studies program that foste false false 22563900 The studies program - CFR's "Think Tank" - is composed of adjunct and full-time scholars and practitioners (called "fellows") as well in resident recipients of year-long fellowships who cover the major regions and significant issues shaping today's international agenda. These scholars contribute to the foreign policy debate by writing books, reports, articles, and op-eds on the most important challenges facing the United States and the world. The program focuses on the most significant foreign policy issues facing the United States and the international community today, including conflict in the Middle East, rising powers in Asia, and globalization. the fellows' work covers all major geographical regions of the world (Africa, Asia, Europe, Latin America, the Middle East, and the Polar regions) as well as the following program areas: energy security and climate change, global health, international institutions and global governance, national security and defense, science and technology and the U.S. foreign policy. 10561400 8213400 Foreign affairs has long been America's leading forum for serious discussion of foreign policy and international affairs. It presents clear thinking by knowledgeable observers on important issues, written to be read with ease and pleasure by professionals and general readers alike. Over the years, articles in foreign affairs have influenced U.S. policy both directly and indirectly, offering solutions for immediate problems while also focusing attention on broader questions of enduring importance. 1709300 The D.C. programs a nonpartisan forum for informed foreign policy debate in the nation's capital by bringing CFR members together with policymakers, world leaders, academic experts, and prominent thinkers to discuss a wide range of international issues. the congress and U.S. foreign policy program engages policymakers on capitol hill. The diplomatic program fosters exchange between foreign representatives and CFR members. Form 990, Part III, Line 4(d): ALL Other Programmatic Activities Website: CFR's Website, CFR.org, is one of the organization's primary communications channels to its various audiences. The site publishes a rich variety of types of content, including the Daily news Analysis, Backgrounders, interviews, podcasts, opinion pieces, full text of publications from the think tank, resources in support of the various outreach initiatives, videos and transcripts of on-the-record meetings and seminars and more. The site also provides a comprehensive account of the history and activities of CFR in New York and at its Washington D.C. Office. Monthly traffic averages around 545,000 visitors. Foreignaffairs.com is the website of CFR's flagship magazine, and offers access to a deep archive of articles and related resources monthly. Traffic averages around 504,000 visitors. CFR's additional programs are Task Force, NY Meetings, Term Member Program, Visiting Fellows, Special Events, Book Publications, National program, and an Outreach Program. For more information, please visit the organization's website. 334100 Task Force 1340600 NY Meetings 784600 Education 1147000 National Program 1268700 Outreach 341200 Term Member 3438000 Websites 8654200 43488800 true true false false false false false false false true true true false false true true true false false false true false false false false false false false false true true false false false false false false false false false false true false false false false false false false false true X 335 0 true 379 true true true false false false false false false false false false X 34 34 false false false false true true false true true false false true true true true true true true true false CA CT MA NJ NY X KEITH OLSON 2124349400 58 EAST 68TH STREET New York NY 10065 Richard N Haass President/Ex Officio Director 35.0 X X 1290249 0 37144 Carla A Hills co-chairman 1.0 X X 0 0 robert e rubin co-chairman 1.0 X X 0 0 David M Rubenstein vice chairman 1.0 X X 0 0 John P Abizaid director 1.0 X 0 0 Peter Ackerman Director 1.0 X 0 0 Zo Baird director 1.0 X 0 0 Alan S Blinder director 1.0 X 0 0 Mary mcinnis Boies director 1.0 X 0 0 David G Bradley director 1.0 X 0 0 Tom Brokaw director 1.0 X 0 0 R Nicholas Burns director 1.0 X 0 0 Steven A Denning director 1.0 X 0 0 Madeleine K Albright director 1.0 X 0 0 Martin S Feldstein director 1.0 X 0 0 Laurence D Fink director 1.0 X 0 0 Stephen Friedman director 1.0 X 0 0 Ann M Fudge director 1.0 X 0 0 Pamela brooks Gann director 1.0 X 0 0 Thomas H Glocer director 1.0 X 0 0 J Tomilson Hill director 1.0 X 0 0 James W Owens director 1.0 X 0 0 Donna J Hrinak director 1.0 X 0 0 Shirley Ann Jackson director 1.0 X 0 Jami Miscik director 1.0 X 0 0 Eduardo J Padrn director 1.0 X 0 0 Colin L Powell director 1.0 X 0 0 Frederick W Smith director 1.0 X 0 0 Fareed Zakaria director 1.0 X 0 0 Margaret g Warner director 1.0 X 0 0 Vin Weber director 1.0 X 0 0 Christine Todd Whitman director 1.0 X 0 0 Muhtar Kent Director 1.0 X 0 0 peter b henry director 1.0 X 0 0 ruth porat director 1.0 X 0 0 Keith C Olson Exec VP, CFO,& Treasurer 35.0 X 416563 0 37144 James M Lindsay senior vp/director of studies 35.0 X 371750 0 37144 Nancy D Bodurtha VP, Meetings and Membership 35.0 X 247500 0 16400 Irina Faskianos VP,National Program & Outreach 35.0 X 240000 0 22734 Suzanne E Helm VP,Philanthropy & Relations 35.0 X 266729 0 34053 Jan-Marie Hughes VP, HR and Administration 35.0 X 234000 0 31544 Lisa Shields VP,Glob Comm & Media Relations 35.0 X 146800 0 26664 Lydia C Massey VP Membership & Corporate 35.0 X 282500 0 26864 Lynda A Hammes Publisher, Foreign Affairs 35.0 X 212500 0 19925 Jeffrey A Reinke Secretary of the Corporation 35.0 X 170523 0 27535 Gideon G Rose Editor, Foreign Affairs 35.0 X 272278 0 34744 Leslie H Gelb President Emeritus 35.0 X 255000 0 41330 Robert B Kahn Sr. Fellow for Inter. Econ. 35.0 X 212225 0 33476 Paul B Stares Sr. Fellow and Director of CPA 35.0 X 218050 0 32584 Valerie B Post Director, Special Events 35.0 X 229490 0 25280 5066157 0 484565 73 false true false Neuman's Kitchen Inc 203 Chrystie St NEW YORK NY 10002 Catering 866800 Guardsmark LLC PO Box 11407 BIRMINGHAM AL 35246 Security 482406 Fry Communications Inc 800 West Church Rd MECHANICSBURG PA 17055 Printing 476278 Debevoise Plimpton LLP 919 Third Avenue 28th Fl NEW YORK NY 10022 Legal 365714 CNF Catering Inc 1225 19th Street NW WASHINGTON DC 20036 Catering 267376 24 13761941 21633459 423900 35395400 FOREIGN AFFAIRS PUBLICATION 541800 8213400 6631700 1581700 8213400 2459700 333435 2126265 0 376000 376000 2076800 1046100 1030700 0 1030700 1030700 118938700 105510500 13428200 13428200 13428200 0 0 0 MISCELLANEOUS 900099 146700 146700 146700 61050100 6631700 1915135 17107865 0 0 0 0 3949196 2909053 729103 311040 0 22667004 16696947 4184797 1785260 1671200 1175600 391300 104300 3657100 3025900 250800 380400 1757400 1322300 317800 117300 0 478300 22500 455800 188000 188000 0 0 4690500 4690500 4361900 3392600 887400 81900 0 2417100 1833300 482600 101200 1628700 1324500 276600 27600 0 2202700 1082000 1025000 95700 2228100 2027100 85300 115700 0 2549100 2110500 45800 392800 2677700 1313900 1247200 116600 0 3448100 1691900 1606100 150100 0 PUBLICATION & PRINTING 3028700 2656500 323400 48800 MISCELLANEOUS 1122100 904200 165900 52000 64722900 43488800 17353400 3880700 8000 8000 42121600 61780700 23149500 15681300 1799033 1655700 0 0 0 0 0 0 111400 158700 686566 607900 112368300 37058500 76313300 75309800 85054100 103560100 232642000 233107700 0 0 0 0 0 0 461885499 491869900 6327600 6295900 0 202300 3505100 4397100 62680000 61170000 0 0 0 0 0 0 0 0 12488200 12928600 85000900 84993900 X 135020099 135950700 75848400 102659300 166016100 168266000 376884599 406876000 461885499 491869900 X -3672800 34038600 1 -374400 X X false true X true false X 27885600 47654800 46650900 32692700 35395400 190279400 0 0 27885600 47654800 46650900 32692700 35395400 190279400 20042237 170237163 3241967 3508544 3146019 3998800 4912500 18807830 0 66200 69600 170984 82800 146700 536284 209623514 36905002 0.81211 0.81330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 333666100 5223400 45273000 6164900 8807000 369190600 301718400 6649000 44236300 13899300 5038300 333666100 303107500 12418800 1678700 12437400 3049400 301718200 262462000 17188500 39675700 12014600 4204100 303107500 230280700 9961300 36277400 10223200 3834200 262462000 0.39540 0.46000 0.14460 false false 7252000 7252000 50625400 10008600 40616800 38318900 14062500 24256400 16172000 12987400 3184600 75309800 GROWTH ORIENTED HEDGE FUNDS 67235200 F DIVERSIFIERS 128884600 F PRIVATE EQUITY FUNDS 29163100 F PRIVATE RE/NR FUNDS OF FUND 7824800 F 233107700 0 ACCRUED POSTRETIREMENT 5318000 INTEREST RATE SWAP AGREEMENT 7610600 12928600 X 91069900 34038600 -374400 33664200 57405700 4690500 -1046100 3644400 61050100 61078500 61078500 4690500 -1046100 3644400 64722900 schedule D part XI and XII Part XI, line 2d change in value of interest rate swap agreement - $188,600 Post Retirement Benefits -($563,000) Total Changes in Line 2(d) -($374,400) part XI line 4b and XII line 2b re-classification of rental expenses to offset Rental Income on part VIII of the Form 990 - (1,046,300) accounting for uncertaintiy in income taxes CFR has adopted the provisions of accounting standard codification ("ASC") 740 accounting for uncertainties in income taxes. Asc 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return including issues relating to financial statement recognition and measurement. This section provides that he tax effect from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. CFR is exempt from federal and new York state income taxation by virtue of being an organization described in section 501 (c)(3) of the IRC and similar provisions of the New York State tax code. Nevertheless, CFR may be subjected to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The tax years ending June 30, 2011, 2012, 2013 and 2014 are still open to audit for both federal and state purposes. CFR believes that there are no material uncertain tax positions within its financial statements. Form 990, Schedule D, Part V The Council holds a substantial endowment for the purposes of funding future programmatic activities, including seminars, publications, website activities and more. The Council's endowment principal shall be left untouched, with the earnings on the investments to be appropriated for expenditures consistent with the Council's tax-exempt mission. Central America and the Caribbean Investments 117852245 117852245 117852245 true false true true true false part iv CFR invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation, passive foreign investment company, or foreign partnership. Nevertheless, CFR's investment activities may not reach the thresholds required for filing the Forms 926, 5471, 8621 or 8865. To the extent such a form was completed, it has been filed with the Organization's Form 990-T. X X true true X X X X false false false false false false false true false Richard N Haass President/Ex Officio Director 392500 0 251000 0 646749 0 20400 0 17864 0 1328513 0 0 Keith C Olson Exec VP, CFO,& Treasurer 336563 0 80000 0 0 0 20400 0 17817 0 454780 0 0 James M Lindsay senior vp/director of studies 269250 0 102500 0 0 0 20400 0 17788 0 409938 0 0 Nancy D Bodurtha VP, Meetings and Membership 202500 0 45000 0 0 0 16400 0 960 0 264860 0 0 Irina Faskianos VP,National Program & Outreach 192500 0 47500 0 0 0 15600 0 8075 0 263675 0 0 Suzanne E Helm VP,Philanthropy & Relations 214229 0 52500 0 0 0 18692 0 16377 0 301798 0 0 Jan-Marie Hughes VP, HR and Administration 180000 0 54000 0 0 0 14800 0 17660 0 266460 0 0 Lisa Shields VP,Glob Comm & Media Relations 122800 0 24000 0 0 0 9920 0 17460 0 174180 0 0 Lydia C Massey VP Membership & Corporate 227500 0 55000 0 0 0 10120 0 17735 0 310355 0 0 Lynda A Hammes Publisher, Foreign Affairs 167500 0 45000 0 0 0 13600 0 7201 0 233301 0 0 Jeffrey A Reinke Secretary of the Corporation 127500 0 30000 0 13023 0 10791 0 17479 0 198793 0 0 Gideon G Rose Editor, Foreign Affairs 222278 0 50000 0 0 0 18000 0 17729 0 308007 0 0 Leslie H Gelb President Emeritus 255000 0 0 0 0 0 20400 0 21716 0 297116 0 0 Robert B Kahn Sr. Fellow for Inter. Econ. 207075 0 5150 0 0 0 16732 0 17368 0 246325 0 0 Paul B Stares Sr. Fellow and Director of CPA 196050 0 22000 0 0 0 15840 0 17530 0 251420 0 0 Valerie B Post Director, Special Events 105650 0 123840 0 0 0 8536 0 17391 0 255417 0 0 part i, line 1a Housing allowance or residence for personal use & Tax Gross Ups As a condition of his employment, the President is required by the Board of Trustees to reside in a home provided by the Council at its expense. Space provided IN THE RESIDENCE FOR PRIVATE USE IS REPORTED AS COMPENSATION ON FORM 990, Schedule J, Part II, Column (b)(Iii). The value of the employer provided housing is grossed up and included in the President's taxable wages and is, likewise, reported in Schedule J, part II, Column (b)(iii). The non-taxable portion of his housing allowance is reported in Schedule J, Part II, Column D. part I, line 7 non-fixed payments The Council provides discretionary bonuses to various individuals reported on the organization's form 990. The process for determining those bonuses has been described in Schedule O where the Council discusses its compensation process. The Council's compensation and bonuses are determined in the same process. A District of Columbia 536001131 25483VJU9 2012-09-04 62680000 Acquisition/Renovation Office Bldg false false false A 1510000 0 62680000 0 0 0 0 0 0 0 62680000 0 2010 true false true true A false false false false 0 true false false true A false true false false false false 0 false 0 true A true X 35 423900 Fair Market Value false false true line 32a To the extent that CFR receives any non-cash donations (usually in the form of securities, bonds, etc)., the organization employs its investment advisor to liquidate the investments. Form 990 Part VI, Line 6 The Council on Foreign Relations (CFR) is first and foremost a membership organization. CFR's membership represents a group unmatched in accomplishment and diversity in the field of international affairs. CFR has 4,900 members and term members, comprised of top government officials, renowned scholars, business executives, acclaimed journalists, prominent lawyers, and distinguished nonprofit professionals. The Council also has a corporate membership program that provides a unique forum for business leaders to interact with noted thinkers and practitioners in government, policy, academia, and business through invitations to exclusive events, direct engagement with CFR experts, and virtual access to our members-only website. Form 990, Part VI, Line 7 The Council's Board of Directors is divided into five equal classes, each class serves for a term of five years until their successors are elected and take office. Each class shall consist of three Directors elected directly by the membership at large (and four Directors appointed by the Board). form 990, part vi, line 11a process for reviewing form 990 The Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's senior management and audit committee of the Board of Trustees. A copy of the Draft Form 990 was presented to the Audit Committee of the Board of Trustees for discussion and comment. Once the Audit Committee approved the Form 990 for filing, a copy was circulated to the full Board of Trustees for their review. Each Board Member was provided opportunity to comment on the information contained in the Form 990 prior to its filing with the Internal Revenue Service. form 990, part vi, line 12c conflict of interest policy enforcement and monitoring Each officer, director, trustee and key employee of the organization is required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with the organization. The organization monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. form 990, part vi, line 15a & 15b process for determining compensation CFR undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees is reasonable, given the market in which the organization operates. In relevant part, the Board of Trustees has established a Compensation Committee of independent persons that have no personal interest in the proposed compensation. The Compensation committee contracts with a compensation consultant to complete a market assessment and competitive position analysis for the organization's top executives. The compensation consultant utilizes comparability and benchmarking surveys to ensure that the organization compensates its executives commensurate with the market. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the Committee when the decisions are made. Compensation for the Council's Officers is determined when the President makes recommendations on the annual salary increase and bonuses to an outside compensation consultant who then provide a written assessment report of the competitiveness of the recommended total compensation. The CFO provides the Compensation Committee of the Board of Directors with the recommendations for salary increase percentages and bonus amounts, along with the assessment report prepared by the compensation consultant. The Compensation Committee meets in the late spring each year to discuss the recommendations and those recommendations are subject to final approval by the full board of directors. Each officer receives a written confirmation of the salary increase and bonus from Human Resources. form 990, part VI, line 19 availability of documents to the public CFR makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 and audited financial statements are likewise published on CFR's website. The organization's governing documents and conflict of interest policy may be provided at management's discretion, if requested. Form 990, Part XI, Line 9 Other Changes in Net Assets Change in value of interest rate swap agreement: $188,600 Postretirement Changes : ($563,000) Total Changes in Net Assets -($374,400)