2013-11-13T15:22:08-06:00 2013-03-31 WATKINS MEEGAN LLC 6720B ROCKLEDGE DRIVE SUITE 750 BETHESDA MD 20817 990 2012-04-01 237432162 CATO INSTITUTE % TRISHA LINE CATO 2028420200 1000 MASSACHUSETTS AVE NW Suite WASHINGTON DC 200015403 JOHN ALLISON 2028420200 2013-11-12 true 3016547555 2012 2016-02-24 21:20:13Z JOHN ALLISON 1000 MASSACHUSETTS AVE NW WASHINGTON DC 20001 24655023 false X WWW.CATO.ORG X 1977 KS TO ORIGINATE, DISSEMINATE, AND INCREASE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE. 16 15 224 0 0 31736230 20782297 547548 789744 -34275 82622 847560 351702 33097063 22006365 618588 873596 0 0 11506629 12960835 0 0 2929889 10219511 12194414 22344728 26028845 10752335 -4022480 67083178 60639117 4364662 1907422 62718516 58731695 TO ORIGINATE, DISSEMINATE, AND INCREASE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE. false false 11426053 623596 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. 4990723 367509 PUBLICATIONS AND MEDIA - INCLUDES 29 POLICY ANALYSES, 2 DEVELOPMENT POLICY PAPERS, 3 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 6 BOOKS. 3325014 250000 789744 CONFERENCES AND FORUMS/SEMINARS - CATO SPONSORED 522 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. 19741790 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 false true true false false false false false false false false true false false false false false false false false true 196 0 224 true false false false false false true true false false false false X 16 15 true false true false false true true true true false false true true true true true true true false false AL AK AZ AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X TRISHA LINE 2028420200 1000 MASSACHUSETTS AVENUE NW WASHINGTON DC 200015403 X FRANK BOND 2.5 0.0 X 0 0 0 RICHARD J DENNIS 2.5 X 0 0 0 JOHN C MALONE 2.5 X 0 0 0 LEWIS E RANDALL 2.5 X 0 0 0 HOWARD S RICH 2.5 X 0 0 0 JEFFREY S YASS 2.5 X 0 0 0 FRED YOUNG 2.5 X 0 0 0 EDWARD H CRANE 40.0 X X 1661010 37227 ETHELMAE C HUMPHREYS 2.5 X 0 0 0 DAVID H KOCH 2.5 X 0 0 0 DONALD G SMITH 2.5 X 0 0 0 ROBERT A LEVY 2.5 X X 0 0 0 K TUCKER ANDERSEN 2.5 X 0 0 0 WILLIAM DUNN 2.5 X 0 0 0 KEVIN GENTRY 2.5 X 0 0 0 NANCY PFOTENHAUER 2.5 X 0 0 0 CHARLES G KOCH 2.5 X 0 0 0 PRESTON MARSHALL 2.5 X 0 0 0 ANDREW NAPOLITANO 2.5 X 0 0 0 THEODORE B OLSON 2.5 X 0 0 0 KATHRYN WASHBURN 2.5 X 0 0 0 JOHN A ALLISON 40.0 X X 128349 0 9000 NESTOR WEIGAND JR 2.5 X 0 0 0 DAVID BOAZ 40.0 X 259712 0 23303 WILLIAM ERICKSON 40.0 X 177343 0 24892 ANTHONY PRYOR 40.0 X 77672 0 2583 ROGER PILON 40.0 X 174659 0 27321 JAGADEESH GOKHALE 40.0 X 163346 0 23341 ANDREI ILLIARNOV 40.0 X 171420 0 14455 MARK CALABRIA 40.0 X 161193 0 16837 KHRISTINE BROOKES 40.0 X 154621 0 21595 3129325 0 200554 29 false true false NETWORK ALLIANCE INC 11130 SUNRISE VALLEY DRIVE RESTON VA 20191 OUTSOURCED IT 427690 RST MARKETING 1272 CORPORATE PARK ROAD FOREST VA 24551 PRINTING AND MAILING 304293 LEVEL 3 COMMUNICATIONS LLC PO BOX 910182 DENVER CO 80291 INTERNET AND HOSTING 166668 MARKER PRINTING AND GRAPHICS 38834 WILSON AVENUE SELBYVILLE DE 19975 PRINTING AND MAILING 179468 POLISINELLI SHUGHART PC 700 WEST 47TH STREET SUITE 1000 KANSAS CITY MO 64112 LEGAL SERVICES 782359 17 X 20782297 1689596 20782297 CONFERENCES 900099 789744 789744 789744 75050 75050 0 28741 28741 90434 90434 0 90434 90434 2512324 2494531 10221 17793 -10221 7572 7572 0 0 367509 143906 223603 223603 MISCELLANEOUS 900099 6631 6631 MAILING LIST SALES 900004 2293 2293 8924 22006365 1019978 204090 196 196 308400 308400 565000 565000 0 1995158 998996 407967 588195 0 8810732 7573801 603611 633320 582776 441523 31978 109275 864267 708071 100347 55849 707902 575751 59683 72468 0 542072 30070 508836 3166 45843 45843 0 0 121992 21091 100901 1911120 1378648 293373 239099 372635 364302 8333 2890995 2024515 365616 500864 50467 39179 5496 5792 0 731557 549608 100785 81164 1282428 1107055 40738 134635 0 1145876 1123130 12738 10008 6435 6435 0 1480503 1128243 185985 166275 111854 111854 BAD DEBT EXPENSE 265912 265912 TAXES & LICENSES 310919 310888 31 HONORARIUM 355170 354170 1000 DUES/SUBSCRIPTIONS/BOOKS 241926 192977 18559 30390 326710 257064 45533 24113 26028845 19741790 3357166 2929889 X 244782 192731 4924 47128 1000 300 14387610 12233650 9039201 5882737 46199 28062 0 0 0 0 0 0 151646 230809 336267 163753 49011029 10032965 39279283 38978064 2762368 3036238 0 0 0 0 0 0 1079604 85504 67083178 60639117 2657818 1048087 19804 10000 106939 46643 0 0 0 0 0 0 0 0 0 0 1580101 802692 4364662 1907422 X 44993581 45016738 15714838 10704860 2010097 3010097 62718516 58731695 67083178 60639117 -4022480 35659 X false true X true X 19129916 29717643 39253053 31736230 20782297 140619139 0 0 19129916 29717643 39253053 31736230 20782297 140619139 15102885 125516254 522010 726009 430432 358994 194225 2231670 0 7704 5530 2264 354940 8924 379362 143230171 5342603 0.87633 0.88850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2010097 1000000 80912 0 80912 0 3010097 2010097 0 61866 0 61866 0 2010097 2010097 0 66530 0 66530 0 2010097 2010097 0 4536 0 4536 0 2010097 2010097 0 42254 0 42254 0 2010097 1.00000 false false 9656037 9656037 34611397 8771173 25840224 4743595 1261792 3481803 38978064 0 CAPITAL LEASE OBLIGATION 233068 CHARITABLE GIFT ANNUITY 288374 LONG-TERM ACCRUED EXPENSES 281250 802692 X 22161357 35659 35659 22125698 34794 -154127 -119333 22006365 26148178 154127 154127 25994051 34794 34794 26028845 INTENDED USE OF THE 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 (143,906) LOSS ON DISPOSAL OF ASSETS (10,221) ---------- $(154,127) OTHER EXPENSES INCLUDED ON LINE 1, NOT ON FORM 990 SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD (143,906) LOSS ON DISPOSAL OF ASSETS (10,221) ---------- $154,127 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. ALTHOUGH THE ORGANIZATION IS GENERALLY EXEMPT FROM INCOME TAX, IT IS SUBJECT TO TAX ON CERTAIN UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MARCH 31, 2013 AND 2012; 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 ON ITS 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. TAX YEARS PRIOR TO 2009 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR THE TAX JURISDICTIONS OF KANSAS AND THE DISTRICT OF COLUMBIA. true Europe (Including Iceland and Greenland) Grantmaking 50000 Russia and the Newly Independent States Grantmaking 245000 East Asia and the Pacific Grantmaking 250000 South America Grantmaking 20000 South America 2 Program Services CONFERENCES/WEBSITE 49753 2 2 614753 614753 Russia and the Newly Independent States PROM LIBERTY 245000 WIRE N/A N/A 1 STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS Europe (Including Iceland and Greenland) 1 50000 WIRE N/A N/A STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS South America 1 20000 WIRE N/A N/A FRIEDMAN PRIZE East Asia and the Pacific 1 250000 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 STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS 8 308400 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 false true false false false false false false false EDWARD H CRANE 470273 2212 1188525 22500 14727 1698237 1000000 DAVID BOAZ 257500 0 2212 0 0 0 17650 0 5653 0 283015 0 0 0 WILLIAM ERICKSON 175233 0 2110 0 0 0 12761 0 12131 0 202235 0 0 0 ROGER PILON 172447 0 2212 0 0 0 12600 0 14721 0 201980 0 0 0 JAGADEESH GOKHALE 161134 0 2212 0 0 0 11704 0 11637 0 186687 0 0 0 ANDREI ILLIARNOV 167200 0 2220 0 2000 0 8299 0 6156 0 185875 0 0 0 MARK CALABRIA 159000 0 2193 0 0 0 11057 0 5780 0 178030 0 0 0 KHRISTINE BROOKES 152409 0 2212 0 0 0 11137 0 15458 0 181216 0 0 0 Deferred Compensation Plan Schedule J, Line 4b A $200,000 contribution was made to EDWARD CRANE'S deferred compensation plan during fiscal year 3/31/2013. EDWARD CRANE WAS PAID HIS VESTED PORTION OF DEFERRED COMPENSAION UPON LEAVING CATO. WRITTEN POLICY REGARDING REIMBURSEMENT SCHEDULE J, LINE 1B THE BOARD APPROVED THE NEW PRESIDENT'S HOUSING ALLOWANCE AS PART OF HIS EMPLOYMENT AGREEMENT. X 52 1689596 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 DURING FISCAL YEAR END 2013, CATO CONVERTED FROM A STOCK CORPORATION TO A KANSAS NONSTOCK CORPORATION WITH MEMBERS OF THE BOARD VOTING 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. DIRECTOR RELATIONSHIPS PART VI, LINE 2 DIRECTOR DAVID H. KOCH AND FORMER DIRECTOR CHARLES G. KOCH ARE BROTHERS. FORMER DIRECTOR KEVIN GENTRY IS EMPLOYED BY DAVID AND CHARLES KOCH. SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS PART VI, SECTION A, LINE 4 DURING FISCAL YEAR END 2013, CATO CONVERTED FROM A STOCK CORPORATION TO A KANSAS NONSTOCK CORPORATION WITH MEMBERS. AS A RESULT, CATO RESTATED ITS ARTICLES OF INCORPORATION AND BY-LAWS.