2012-12-10T13:58:43-06:00 2012-06-30 260794367 UHY ADVISORS MID-ATLANTIC MD INC 6851 OAK HALL LANE STE 300 COLUMBIA MD 21045 990 2011-07-01 530218495 AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH AMER 2028625800 1150 17TH STREET NW WASHINGTON DC 200364670 DAVID GERSON 2028625800 2012-12-10 1 B JENNINE ANDERSON P00042998 4107205220 2011 2016-02-24 21:20:13Z ARTHUR C BROOKS 1150 17TH ST NW WASHINGTON DC 20036 61546206 0 X WWW.AEI.ORG X 1943 DC THE AMERICAN ENTERPRISE INSTITUTE IS A COMMUNITY OF SCHOLARS AND SUPPORTERS COMMITTED TO EXPANDING LIBERTY, INCREASING INDIVIDUAL OPPORTUNITY, AND STRENGTHENING FREE ENTERPRISE. AEI PURSUES THESE UNCHANGING IDEALS THROUGH INDEPENDENT THINKING, OPEN DEBATE, REASONED ARGUMENT, FACTS, AND THE HIGHEST STANDARDS OF RESEARCH AND EXPOSITION. WITHOUT REGARD FOR POLITICS OR PREVAILING FASHION, WE DEDICATE OUR WORK TO A MORE PROSPEROUS, SAFER, AND DEMOCRATIC NATION AND WORLD. 28 26 201 129 305883 248929 31138309 36460964 733606 813206 2705278 1557626 0 0 34577193 38831796 0 0 0 0 16926566 18106696 0 0 3045340 12103993 14129157 29030559 32235853 5546634 6595943 153771226 154989249 3674599 4435862 150096627 150553387 X THE AMERICAN ENTERPRISE INSTITUTE IS A COMMUNITY OF SCHOLARS AND SUPPORTERS COMMITTED TO EXPANDING LIBERTY, INCREASING INDIVIDUAL OPPORTUNITY, AND STRENGTHENING FREE ENTERPRISE. AEI PURSUES THESE UNCHANGING IDEALS THROUGH INDEPENDENT THINKING, OPEN DEBATE, REASONED ARGUMENT, FACTS, AND THE HIGHEST STANDARDS OF RESEARCH AND EXPOSITION. WITHOUT REGARD FOR POLITICS OR PREVAILING FASHION, WE DEDICATE OUR WORK TO A MORE PROSPEROUS, SAFER, AND MORE DEMOCRATIC NATION AND WORLD. 0 0 598449 THE AMERICAN.COM IS A DYNAMIC ONLINE JOURNAL FEATURING FRESH ESSAYS AND COMMENTARY ON PUBLIC POLICY, INCLUDING DEVELOPMENTS IN ECONOMICS, CULTURE, SCIENCE, SCHOLARSHIP AND GOVERNMENT POLICY. 9127422 AEI'S ECONOMIC POLICY STUDIES PROGRAM ALLOWS SCHOLARS TO EXAMINE AREAS OF GENERAL ECONOMICS, FISCAL POLICY AND TAXES, MONETARY POLICY, ENERGY AND THE ENVIRONMENT, INTERNATIONAL TRADE, FINANCIAL SERVICES, REGULATION, RETIREMENT AND SOCIAL SECURITY, AND HEALTH POLICY. THE PROGRAM'S SCHOLARSHIP IS DISSEMINATED THROUGH PUBLICATIONS, CONFERENCES, AND WORKING GROUPS AND SERVES TO EDUCATE THE PUBLIC ABOUT THE FUNCTIONING OF FREE ECONOMIES, HOW TO PRESERVE THEM, HOW TO SOLVE THE PROBLEMS THAT ARISE IN THEM, AND HOW TO CAPITALIZE ON THEIR STRENGTHS. 7023571 THE INSTITUTE'S FOREIGN AND DEFENSE POLICY STUDIES TEAM SEEKS TO UNDERSTAND HOW AMERICAN INTERESTS AND POLITICAL AND ECONOMIC FREEDOM CAN BE PROTECTED AND ADVANCED AROUND THE WORLD. THE PROGRAM'S RESEARCH AREAS INCLUDE AFRICA, THE ASIA-PACIFIC, EUROPE AND RUSSIA, LATIN AMERICA, THE MIDDLE EAST, SOUTH ASIA, AND U.S. NATIONAL SECURITY AND FOREIGN POLICY. THE PROGRAM EDUCATES THE PUBLIC THROUGH PUBLICATIONS, CONFERENCES, AND WORKING GROUPS. 6992985 646178 AEI'S SOCIAL AND POLITICAL STUDIES SCHOLARS STRIVE TO ADVANCE A CULTURE IN WHICH VIRTUE FLOURISHES IN TANDEM WITH FREEDOM AND MATERIAL PROGRESS. THROUGH PUBLICATIONS, CONFERENCES, AND WORKING GROUPS, THE PROGRAM'S SCHOLARS EXAMINE SUCH ISSUES AS DEMOGRAPHICS, EDUCATION, POVERTY AND WELFARE, RELIGION, CONSTITUTIONAL LAW, LIABILITY AND TORT REFORM, ELECTIONS, AND PUBLIC OPINION POLLS. LAUNCHED IN 2002, THE NATIONAL RESEARCH INITIATIVE (NRI) ADVANCES AEI'S MISSION BY ENGAGING OUTSIDE ACADEMICS AND INDEPENDENT SCHOLARS ON PRESSING DOMESTIC POLICY ISSUES. 6992985 646178 23742427 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 211 0 1 201 1 1 1 1 CJ EI 0 0 0 1 1 0 0 X 28 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC NJ NY CA CT X LORENA LOPEZ 2028625857 1150 SEVENTEENTH STREET NW WASHINGTON DC 200364670 KEVIN ROLLINS 2.00 X X 0 0 0 TULLY FRIEDMAN 2.00 X X 0 0 0 ARTHUR BROOKS 55.00 X X 565772 0 79056 GORDON BINDER 1.00 X 0 0 0 RICHARD CHENEY 1.00 X 149829 0 0 HARLAN CROW 1.00 X 0 0 0 DAN D'ANIELLO 1.00 X 0 0 0 JOHN FARACI 1.00 X 0 0 0 CHRIS GALVIN 1.00 X 0 0 0 RAY GILMARTIN 1.00 X 0 0 0 HARVEY GOLUB 1.00 X 0 0 0 ROBERT GREENHILL 1.00 X 0 0 0 BRUCE KOVNER 1.00 X 0 0 0 MARC LIPSCHULTZ 1.00 X 0 0 0 JOHN LUKE 1.00 X 0 0 0 PETE RICKETTS 1.00 X 0 0 0 ED RUST 1.00 X 0 0 0 GIDEON SEARLE 1.00 X 0 0 0 MEL SEMBLER 1.00 X 0 0 0 WILSON TAYLOR 1.00 X 0 0 0 WILLIAM H WALTON 1.00 X 0 0 0 WILLIAM L WALTON 1.00 X 0 0 0 CLIFFORD ASNESS 1.00 X 0 0 0 RAVENEL CURRY III 1.00 X 0 0 0 FRANK HANNA 1.00 X 0 0 0 GEORGE PRIEST 1.00 X 0 0 0 MATTHEW ROSE 1.00 X 0 0 0 MARILYN WARE 1.00 X 0 0 0 ROGER HERTOG 1.00 X 0 0 0 ROBERT PRIZKER 1.00 X 0 0 0 JIM WILSON 1.00 X 0 0 0 ERIN COVINGTON 40.00 X 155180 0 2706 JASON BERTSCH 40.00 X 221820 0 30306 HENRY OLSEN 40.00 X 229967 0 31080 DAVID GERSON 55.00 X 386922 0 39906 DANIELLE PLETKA 40.00 X 213255 0 29706 ELIZABETH BOWEN 40.00 X 57380 0 11106 KARLYN BOWMAN 40.00 X 171584 0 24006 CHRISTOPHER DEMUTH 40.00 X 803247 0 673275 KEVIN HASSETT 40.00 X 210770 0 29106 GARY SCHMITT 40.00 X 170495 0 23563 JOHN BOLTON 40.00 X 166460 0 24044 CHARLES MURRAY 40.00 X 173444 0 27353 ANDREW BIGGS 40.00 X 176620 0 25026 TOBY STOCK 40.00 X 180050 0 19506 DAVID ADAMS 40.00 X 150200 0 2706 4182995 0 1072451 31 0 1 0 GILBANE 7901 SANDY SPRING STE 500 LAUREL MD 20707 CONTRACTOR 1060408 CODE & THEORY LLC 110 GREEN ST STE 201 NEW YORK NY 10012 WEBSITE DEVELOPMENT 518388 WOODLAWN SECURITY INC 137 EAST 238TH ST BRONX NY 10470 SECURITY 386694 GAM CARPET CLEANING 8009 ALLOWAY LANE BELTSVILLE MD 20705 CLEANING & MAINTENANCE 338786 KROSS MEDIA LLC 1908 BELMONT ROAD NW WASHINGTON DC 20009 CONSULTING 177308 7 36460964 36460964 EDU SEM/CONFERENCE 900099 615996 615996 ROYALTIES SALE PUB 900099 138728 138728 RESEARCH PUB/MATERIALS 541800 58482 30182 28300 813206 1025989 1025989 23246047 22714410 531637 531637 277583 254054 38831796 646178 305883 1418771 3372626 1795113 1321002 256511 11698491 6731656 3796448 1170387 847949 544883 218609 84457 1276584 785362 359254 131968 911046 534147 287001 89898 55066 5000 50066 90555 90555 132176 132176 1876727 1232904 507498 136325 1698201 439066 1146006 113129 2629657 1404661 918824 306172 985259 698696 173120 113443 2835817 1263336 1525162 47319 1823730 853327 795844 174559 78890 78890 PUBLICATIONS 880376 729522 134391 16463 SCHOLAR FEES 478283 446200 32083 BUILDING MAINTENANCE 399463 9479 389984 SERVICE FEES 164957 122239 35227 7491 6146836 -6544054 397218 32235853 23742427 5448086 3045340 500 8354383 13717866 0 26618065 18976690 324106 7183 121011 91704 411710 408137 11263839 8217028 2853162 3046811 60975536 69650569 48064750 54137866 684520 315906 153771226 154989249 2252953 2041511 1421646 2394351 3674599 4435862 X 12631162 16028318 55203021 50857002 82262444 83668067 150096627 150553387 153771226 154989249 X 6595943 -6139183 X 0 1 1 X 0 X 34063743 58988984 59729074 31138309 36460964 220381074 34063743 58988984 59729074 31138309 36460964 220381074 22367196 198013878 753621 861930 1804552 1247392 1164717 5832212 731757 154529 60097 37656 28300 1012339 227225625 3977289 0.87140 0.86520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90273350 1405623 -2475276 2056622 87147075 83263776 2370886 5965342 1326654 90273350 57621121 22246358 4474278 1077981 83263776 20243499 41012282 -3146473 488187 57621121 0 0 3791993 2476756 1315237 7471846 5740272 1731574 3046811 OFFIT HALL ABSOLUTE RTN FD OFFSHORE FEEDER 15943000 F VALUEACT CAPITAL PTRS II 6808086 F FARALLON FUNDS 625094 F ETON PARK OVERSEAS FUND LTD 4189254 F CAXTON SELECT LLC 1649100 F GOLDEN TREE 1574401 F HIGHLINE CAPITAL INT. 2186521 F CONATUS CAPITAL OVERSEAS 2351105 F BRIGADE LEVERAGED CAPITAL SECURITIES 4742768 F AURELIUS 4560528 F CAPITAL INTERNATIONAL 4737187 F LUXOR CAPITAL 4770822 F 54137866 DEFERRED RENT 2032759 NONQUALIFIED EMPLOYEE BENEFIT PLANS 361592 2394351 38831796 32235853 6595943 -6139183 -6139183 456760 32782603 -6139183 89990 -6049193 38831796 0 38831796 32325843 89990 89990 32235853 0 32235853 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE LONG-TERM FINANCIAL SUPPORT FOR THE INSTITUTE'S GENERAL OPERATIONS OR FOR PARTICULAR RESEARCH AREAS; THEY OFTEN TAKE THE FORM OF NAMED CHAIRS FOR SCHOLARS WORKING IN PARTICULAR FIELDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INCOME TAX POSITIONS TAKEN BY AEI FOR ANY YEAR OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT AEI CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT AEI HAS PROPERLY REPORTED UNRELATED BUSINESS INCOME THAT IS SUBJECT TO INCOME TAXES. AEI BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF AEI'S INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION. HOWEVER, FISCAL YEARS 2009 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE IRS AND STATE AUTHORITIES. X 1 1 X X X X 1 1 0 0 0 0 0 0 0 ARTHUR BROOKS 565772 0 0 0 0 0 76350 0 2706 0 644828 0 0 0 ERIN COVINGTON 152180 0 3000 0 0 0 0 0 2706 0 157886 0 0 0 JASON BERTSCH 206820 0 15000 0 0 0 27600 0 2706 0 252126 0 0 0 HENRY OLSEN 200517 0 29450 0 0 0 28374 0 2706 0 261047 0 0 0 DAVID GERSON 386922 0 0 0 0 0 37200 0 2706 0 426828 0 0 0 DANIELLE PLETKA 203255 0 10000 0 0 0 27000 0 2706 0 242961 0 0 0 KARLYN BOWMAN 166584 0 5000 0 0 0 21300 0 2706 0 195590 0 0 0 CHRISTOPHER DEMUTH 303247 0 0 0 500000 0 670829 0 2446 0 1476522 0 550572 0 KEVIN HASSETT 195770 0 15000 0 0 0 26400 0 2706 0 239876 0 0 0 GARY SCHMITT 151520 0 18975 0 0 0 20877 0 2686 0 194058 0 0 0 JOHN BOLTON 166460 0 0 0 0 0 21000 0 3044 0 190504 0 0 0 CHARLES MURRAY 171444 0 2000 0 0 0 20940 0 6413 0 200797 0 0 0 ANDREW BIGGS 149120 0 27500 0 0 0 21780 0 3246 0 201646 0 0 0 TOBY STOCK 150700 0 29350 0 0 0 16900 0 2606 0 199556 0 0 0 DAVID ADAMS 147200 0 3000 0 0 0 0 0 2706 0 152906 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: BOARD MEMBERS AND STAFF ARE PERMITTED TO BRING SPOUSES TO THE ANNUAL OFF-SITE MEETINGS, WORLD FORUM AND THE BOARD RETREAT. PART I, LINES 4A-B PAYMENTS WERE MADE IN CALENDAR YEAR 2011 TO CHRISTOPHER DEMUTH AS FOLLOWS: SEVERANCE: $500,000 SUPPLEMENTAL NON-QUALIFIED RETIREMENT 457(F) PLAN: $606,075 457(B) DEFERRED COMPENSATION PLAN: $56,954 X 3 123729 FAIR VALUE X ELECTRONIC EQUIPMENT 1 12942 FAIR VALUE X SOFTWARE 1 81672 FAIR VALUE 0 0 0 NON REPORTING OF REVENUE: PART I, LINE 33: DURING FISCAL 2012, AEI RECEIVED STOCK VALUED AT $121,032 IN FULFULLMENT OF A PLEDGE REPORTED IN A PRIOR YEAR ON PART VIII OF FORM 990. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE 990 AND 990T PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AEI REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE INSTITUTE'S CONFLICT OF INTEREST POLICY, WHICH IS POSTED ON AEI'S WEBSITE, WWW.AEI.ORG/ABOUT. AEI SCHOLARS, FELLOWS, AND OFFICERS ARE REQUIRED TO PROVIDE ANNUAL REPORTS EACH MARCH TO AEI'S PRESIDENT LISTING ALL OF THEIR OUTSIDE ACTIVITIES. THE PRESIDENT THEN PROVIDES A SUMMARY REPORT TO THE NOMINATING AND GOVERNANCE COMMITTEE OF AEI'S BOARD OF TRUSTEES. THE PRESIDENT MAY BRING PARTICULAR ISSUES TO THE ATTENTION OF THIS COMMITTEE OR TO AN INTERNAL COMMITTEE OF SENIOR SCHOLARS AND FELLOWS FOR THEIR REVIEW AND COUNSEL. THE NOMINATING AND GOVERNANCE COMMITTEE ALSO REVIEWS THE COMMERCIAL, PROFESSIONAL, AND CIVIC ENGAGEMENTS OF INDIVIDUALS BEING CONSIDERED FOR ELECTION TO THE BOARD OF TRUSTEES. AEI SCHOLARS AND FELLOWS ARE ALSO REQUIRED TO DISCLOSE IN THEIR PUBLISHED WORK ANY AFFILIATIONS THEY MAY HAVE WITH ORGANIZATIONS WITH A DIRECT INTEREST IN THE SUBJECT OF THAT WORK. WHEN MAKING HIRING DECISIONS TO AEI'S STAFF OR WHEN NOMINATING NEW MEMBERS TO AEI'S BOARD, AEI'S EXECUTIVE TEAM AND BOARD OF TRUSTEES STRESS TO CANDIDATES THE IMPORTANCE OF HONESTY AND INTEGRITY IN THEIR WORK. NEW EMPLOYEES ARE GIVEN A COPY OF AEI'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A AEI FOLLOWS THE FOLLOWING PROCESS FOR DETERMINING COMPENSATION, AS STATED IN THE INSTITUTE'S BYLAWS: THE COMPENSATION OF THE INSTITUTE'S PRESIDENT AND SECOND SENIOR OFFICER SHALL BE RECOMMENDED BY THE EXECUTIVE COMMITTEE AND REVIEWED AND REVISED AT INTERVALS THE COMMITTEE DEEMS APPROPRIATE. THE LEVEL OF AND ANY ADJUSTMENTS TO THE PRESIDENT AND SECOND SENIOR OFFICER'S COMPENSATION SHALL BE GUIDED BY THE FOLLOWING FACTORS: (A) THE INTRINSIC QUALITY OF THEIR MANAGEMENT, INTELLECTUAL LEADERSHIP, AND PUBLIC REPRESENTATION OF THE INSTITUTE; (B) THE INTRINSIC QUALITY AND PUBLIC REPUTATION OF THE INSTITUTE'S RESEARCH, PUBLICATIONS, AND OTHER OUTPUTS AND THE QUANTITY AND EFFECTIVE DISSEMINATION OF THAT OUTPUT; (C) THE INSTITUTE'S FINANCIAL PERFORMANCE AND STABILITY; (D) THE COMPENSATION OF OTHER CHIEF EXECUTIVES WITH SIMILAR EXPERIENCE; (E) THE COMPENSATION OF CHIEF EXECUTIVES OF OTHER, SIMILAR ORGANIZATIONS; (F) COMPETITIVE CONSIDERATIONS RELEVANT TO THE RETENTION OF THE PRESIDENT AND SECOND SENIOR OFFICER AND THEIR LONG-TERM COMMITMENT TO THE INSTITUTE; (G) THE PRESIDENT AND SECOND SENIOR OFFICER'S SALARY HISTORY; AND (H) ADDITIONAL, SIMILAR FACTORS THE EXECUTIVE COMMITTEE DEEMS APPROPRIATE. THE EXECUTIVE COMMITTEE SHALL MAINTAIN RECORDS OF ITS REVIEWS OF THE PRESIDENT AND SECOND SENIOR OFFICER'S COMPENSATION AND THE REASONS FOR ANY ADJUSTMENTS IT MAY RECOMMEND TO THAT COMPENSATION, AND SHALL INFORM THE BOARD OF TRUSTEES AT LEAST EVERY TWO YEARS OF ITS EVALUATION OF THE PRESIDENT AND SECOND SENIOR OFFICER'S PERFORMANCE AND ANY REVISIONS IT HAS MADE TO THE THEIR COMPENSATION FOR APPROVAL BY THE FULL BOARD OF TRUSTEES. SECTION 2. THE COMPENSATION OF THE INSTITUTE'S OFFICERS AND MANAGERS, SCHOLARS AND FELLOWS, RESEARCH AND ADMINISTRATIVE STAFF, AND ALL OTHER EMPLOYEES SHALL BE DETERMINED BY THE PRESIDENT AND REVIEWED AND REVISED AT INTERVALS THE PRESIDENT DEEMS APPROPRIATE. THE LEVEL OF AND ANY ADJUSTMENTS TO THE COMPENSATION OF THE INSTITUTE'S EMPLOYEES SHALL BE GUIDED BY FACTORS SIMILAR TO THOSE USED BY THE EXECUTIVE COMMITTEE IN DETERMINING THE PRESIDENT'S COMPENSATION, AS APPLIED TO THE PARTICULAR RESPONSIBILITIES OF EACH EMPLOYEE. THE PRESIDENT SHALL MAINTAIN RECORDS OF REVIEWS OF AND ANY ADJUSTMENTS TO THE COMPENSATION OF THE INSTITUTE'S EMPLOYEES AND SHALL PROVIDE TO THE EXECUTIVE COMMITTEE, AT LEAST EVERY TWO YEARS, A REPORT ON THE INSTITUTE'S COMPENSATION POLICIES AND STRUCTURE. FORM 990, PART VI, SECTION C, LINE 19 AEI'S ORGANIZATION AND PURPOSES AND STATEMENTS ON RESEARCH INTEGRITY, PUBLIC ADVOCACY, POLITICAL CAMPAIGNS AND OTHER PARTISAN ACTIVITIES, OUTSIDE ACTIVITIES, AND CONFLICTS OF INTERESTS ARE POSTED AND UPDATED REGULARLY ON THE INSTITUTE'S WEBSITE. AEI'S ANNUAL REPORT, AUDITED FINANCIALS, AND 990 ARE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,139,183.