CATO INSTITUTE: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CATO INSTITUTE (EIN 23-7432162)
Tax period: 2011-04-01 to 2012-03-31
Filed: 2012-11-09
IRS object ID: 201213149349300006
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule I
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-09T07:18:06-06:00	Timestamp
Tax Period End Date	2012-03-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WATKINS MEEGAN LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	6720-B ROCKLEDGE DRIVE SUITE 750	AddressLine1
City	BETHESDA	City
State	MD	State
ZIP Code	20817	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-04-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	237432162	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CATO INSTITUTE	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% TRISHA LINE	InCareOfName
Name Control	CATO	NameControl
Phone	2028420200	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 MASSACHUSETTS AVE NW	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	200015403	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	WILLIAM ERICKSON	Name
Title	V.P. FINANCE AND ADMINISTRATION	Title
Date Signed	2012-08-01	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	3016547555	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	WILLIAM ERICKSON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1000 MASSACHUSETTS AVE NW	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20001	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	36151944	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.CATO.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1977	YearFormation
State Legal Domicile	KS	StateLegalDomicile
Activity Or Mission Description	THE CATO INSTITUTE BROADENS THE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF LIMITED GOVERNMENT, FREE MARKETS, INDIVIDUAL LIBERTY, AND PEACE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	20	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	19	NbrIndependentVotingMembers
Total Nbr Employees	200	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	39253053	ContributionsGrantsPriorYear
Contributions Grants Current Year	31736230	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	643225	ProgramServiceRevenuePriorYear
Program Service Revenue CY	547548	ProgramServiceRevenueCY
Investment Income Prior Year	16831	InvestmentIncomePriorYear
Investment Income Current Year	-34275	InvestmentIncomeCurrentYear
Other Revenue Prior Year	497618	OtherRevenuePriorYear
Other Revenue Current Year	847560	OtherRevenueCurrentYear
Total Revenue Prior Year	40410727	TotalRevenuePriorYear
Total Revenue Current Year	33097063	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	843602	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	246888	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	11370641	SalariesEtcPriorYear
Salaries Etc Current Year	11506629	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	2101752	TotalFundrsngExpCurrentYear
Other Expense Prior Year	11433952	OtherExpensePriorYear
Other Expenses Current Year	10591211	OtherExpensesCurrentYear
Total Expenses Prior Year	23648195	TotalExpensesPriorYear
Total Expenses Current Year	22344728	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	16762532	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	10752335	RevenuesLessExpensesCY
Total Assets BOY	57206316	TotalAssetsBOY
Total Assets EOY	67083178	TotalAssetsEOY
Total Liabilities BOY	5236839	TotalLiabilitiesBOY
Total Liabilities EOY	4364662	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	51969477	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	62718516	NetAssetsOrFundBalancesEOY
Mission Description	THE CATO INSTITUTE BROADENS THE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF LIMITED GOVERNMENT, FREE MARKETS, INDIVIDUAL LIBERTY, AND PEACE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	10400249	Expense
Grants	246888	Grants
Description	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.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	4965294	Expense
Revenue	428188	Revenue
Description	PUBLICATIONS AND MEDIA - INCLUDES 27 POLICY ANALYSES, 1 DEVELOPMENT POLICY PAPER, 7 TRADE POLICY PAPERS, 5 BRIEFING PAPERS. ALSO 4 ISSUES OF REGULATION MAGAZINE, 3 ISSUES OF CATO JOURNAL, 12 AUDIO CD'S AND 6 BOOKS.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	2339086	Expense
Revenue	547548	Revenue
Description	CONFERENCES AND FORUMS/SEMINARS - CATO SPONSORED 427 FORUMS AND SEMINARS WITH TOPICS INCLUDING CONSTITUTIONAL STUDIES, LIMITED GOVERNMENT, HEALTH CARE, INTERNATIONAL TRADE AND ECONOMICS, TECHNOLOGY, FREE MARKETS, ENVIRONMENT, TERRORISM, AND DEFENSE.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	17704629	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	true	ForeignOffice
Foreign Activities	true	ForeignActivities
More Than5000 K To Organizations	true	MoreThan5000KToOrganizations
More Than5000 K To Individuals	true	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	189	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	200	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	20	NbrVotingGoverningBodyMembers
Number Independent Voting Members	19	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	AL	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	AK	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	AZ	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	AR	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	CA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	CO	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	CT	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	DC	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	FL	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	GA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	HI	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	IL	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	KS	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	KY	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	ME	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MD	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MI	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MN	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MS	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MO	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NH	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NJ	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NM	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NC	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	ND	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	OH	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	OK	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	OR	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	PA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	RI	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	SC	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	TN	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	UT	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	VA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	WA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	WV	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	WI	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	TRISHA LINE	NamePerson
Telephone Number	2028420200	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1000 MASSACHUSETTS AVENUE NW	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	200015403	ZIPCode

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	X	InfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (31 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
FRANK BOND
DIRECTOR EMERITUS	2.5	X	0	0	0
RICHARD J DENNIS
DIRECTOR	2.5	X
JOHN C MALONE
DIRECTOR	2.5	X
DAVID H PADDEN
DIRECTOR EMERITUS	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
EDWARD H CRANE
PRESIDENT	40.0	X	466872		34248	X
ETHELMAE C HUMPHREYS
DIRECTOR	2.5	X
DAVID H KOCH
DIRECTOR	2.5	X
WILLIAM A NISKANEN
CHAIRMAN EMERITUS	40.0	X	157225		12960
DONALD G SMITH
DIRECTOR	2.5	X
ROBERT A LEVY
CHAIRMAN	2.5	X				X
K TUCKER ANDERSEN
DIRECTOR	2.5	X
WILLIAM DUNN
DIRECTOR	2.5	X
KEVIN GENTRY
DIRECTOR	2.5	X
NANCEY PFOTENHAUER
DIRECTOR	2.5	X
CHARLES G KOCH
DIRECTOR	2.5	X
PRESTON MARSHALL
DIRECTOR	2.5	X
ANDREW NAPOLITANO
DIRECTOR	2.5	X
THEODORE B OLSON
DIRECTOR	2.5	X
KATHRYN WASHBURN
DIRECTOR	2.5	X
DAVID BOAZ
EXECUTIVE VICE PRESIDENT	40.0		259500		23506	X
WILLIAM ERICKSON
VP OF FINANCE & ADMINISTRATION	40.0		174048		23077	X
ANTHONY PRYOR
SECRETARY	40.0		75550		4532	X
ROGER PILON
VP for Legal Affairs	40.0		171272		24711		X
JAGADEESH GOKHALE
SENIOR FELLOW	40.0		160049		21557		X
ANDREI ILLIARNOV
SENIOR FELLOW	40.0		165975		14455		X
MARK CALABRIA
SENIOR FELLOW	40.0		157875		17075		X
KHRISTINE BROOKES
VP FOR COMMUNICATIONS	40.0		151294		20373		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1939660	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	196494	TotalOtherCompensation
Number Individuals GT100 K	30	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
NETWORK ALLIANCE INC
11130 SUNRISE VALLEY DRIVE	RESTON	VA	20191	OUTSOURCED IT	416839
RST MARKETING
1272 Corporate Park Road	FOREST	VA	24551	PRINTING AND MAILING	203065
NEW HOPE ENVIRONMENTAL SERVICES IN
536 PANTOPS CENTER 402	CHARLOTTESVILLE	VA	22911	CONSULTING SERVICES	158438
MARKER PRINTING AND GRAPHICS
38834 WILSON AVENUE	SELBYVILLE	DE	19975	PRINTING AND MAILING	242593
PBD WORLDWIDE FULFILLMENT SERVICES
PO BOX 930108	ATLANTA	GA	31193	FULFILLMENT	178370

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	18	NumberOfContractorsGT100K
All Other Contributions	31736230	AllOtherContributions
Noncash Contributions	3601855	NoncashContributions
Total Contributions	31736230	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	CONFERENCES	Description
Business Code	900099	BusinessCode
Total Revenue Column	547548	TotalRevenueColumn
Related Or Exempt Function Income	547548	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	547548	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	80804	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$80,804	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	35835	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$35,835	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	242355	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	0	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	242355	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	242355	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$242,355	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	2766014	Securities
Other	0	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	2778224	Securities
Other	102869	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-12210	Securities
Other	-102869	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-115079	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	-$115,079	ExclusionAmount

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	388218	GrossSalesOfInventory
Cost Of Goods Sold	173788	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	214430	TotalRevenueColumn
Related Or Exempt Function Income	214430	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
INSURANCE SETTLEMENT INCOME	900099	350000	350000
MISCELLANEOUS	900099	805	805
MAILING LIST SALES	900004	4135		$4,135

Field	Value	IRS element (for citing)
Total Other Revenue	354940	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	33097063	TotalRevenueColumn
Related Or Exempt Function Income	1112783	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$248,050	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	388	Total
Program Services	388	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	246500	Total
Program Services	246500	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1397127	Total
Program Services	762086	ProgramServices
Management And General	329968	ManagementAndGeneral
Fundraising	305073	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	8133994	Total
Program Services	7022532	ProgramServices
Management And General	441019	ManagementAndGeneral
Fundraising	670443	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	387193	Total
Program Services	323954	ProgramServices
Management And General	30018	ManagementAndGeneral
Fundraising	33221	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	972327	Total
Program Services	715047	ProgramServices
Management And General	194712	ManagementAndGeneral
Fundraising	62568	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	615988	Total
Program Services	512344	ProgramServices
Management And General	49090	ManagementAndGeneral
Fundraising	54554	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	240272	Total
Program Services	2100	ProgramServices
Management And General	238172	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	54402	Total
Management And General	54402	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	100054	Total
Program Services	16372	ProgramServices
Management And General	83682	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	1922919	Total
Program Services	1591056	ProgramServices
Management And General	160958	ManagementAndGeneral
Fundraising	170905	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	373933	Total
Program Services	365371	ProgramServices
Fundraising	8562	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	3039015	Total
Program Services	2343718	ProgramServices
Management And General	295044	ManagementAndGeneral
Fundraising	400253	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	1055754	Total
Program Services	836494	ProgramServices
Management And General	120989	ManagementAndGeneral
Fundraising	98271	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	1119178	Total
Program Services	965700	ProgramServices
Management And General	6313	ManagementAndGeneral
Fundraising	147165	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	781406	Total
Program Services	776234	ProgramServices
Management And General	4908	ManagementAndGeneral
Fundraising	264	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	5150	Total
Management And General	5150	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	441881	Total
Program Services	351230	ProgramServices
Management And General	49361	ManagementAndGeneral
Fundraising	41290	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	91716	Total
Program Services	-41	ProgramServices
Management And General	91762	ManagementAndGeneral
Fundraising	-5	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
MAILING LIST EXPENSE	162654	109497	2045	51112
TAXES & LICENSES	323441	3478	318850	1113
HONORARIUM	398167	397911	256	0
DUES/SUBSCRIPTIONS/BOOKS	229466	182025	14116	33325

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	251803	Total
Program Services	180633	ProgramServices
Management And General	47532	ManagementAndGeneral
Fundraising	23638	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	22344728	Total
Program Services	17704629	ProgramServices
Management And General	2538347	ManagementAndGeneral
Fundraising	2101752	Fundraising

Field	Value	IRS element (for citing)
Joint Costs	X	JointCosts

Total Joint Costs TotalJointCosts

Field	Value	IRS element (for citing)
Total	589434	Total
Program Services	440956	ProgramServices
Management And General	12555	ManagementAndGeneral
Fundraising	135924	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1000	BOY
EOY	1000	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	20064719	BOY
EOY	14387610	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	8825198	BOY
EOY	9039201	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	184098	BOY
EOY	46199	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	309085	BOY
EOY	151646	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	366496	BOY
EOY	336267	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	47930422	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	8651139	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	23839616	BOY
EOY	39279283	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	3520600	BOY
EOY	3756468	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	95504	BOY
EOY	85504	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	57206316	BOY
EOY	67083178	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	3372978	BOY
EOY	2657818	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	529416	BOY
EOY	19804	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	117999	BOY
EOY	106939	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1216446	BOY
EOY	1580101	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	5236839	BOY
EOY	4364662	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	28437968	BOY
EOY	44993581	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	21521412	BOY
EOY	15714838	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2010097	BOY
EOY	2010097	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	51969477	BOY
EOY	62718516	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	57206316	BOY
EOY	67083178	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	10752335	ReconcilationRevenueExpenses
Reconcilation Other Changes	-3296	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	22189765	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	19129916	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	29717643	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	39253053	CurrentTaxYearMinus1Year
Current Tax Year	31736230	CurrentTaxYear
Total	142026607	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	22189765	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	19129916	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	29717643	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	39253053	CurrentTaxYearMinus1Year
Current Tax Year	31736230	CurrentTaxYear
Total	142026607	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	15615824	AmountsSubstContributorsTotal
Public Support Total170	126410783	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	873269	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	522010	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	726009	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	430432	CurrentTaxYearMinus1Year
Current Tax Year	358994	CurrentTaxYear
Total	2910714	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	10126	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	7704	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	5530	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2264	CurrentTaxYearMinus1Year
Current Tax Year	354940	CurrentTaxYear
Total	380564	Total

Field	Value	IRS element (for citing)
Total Support	145317885	TotalSupport
Gross Receipts From Admissions Etc	3649125	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.86989	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.85713	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	2010097	BeginningOfYearBalance
Contributions	0	Contributions
Investment Earnings Or Losses	61866	InvestmentEarningsOrLosses
Grants Or Scholarships	0	GrantsOrScholarships
Other Expenditures	61866	OtherExpenditures
Administrative Expenses	0	AdministrativeExpenses
End Of Year Balance	2010097	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	2010097	BeginningOfYearBalance
Contributions	0	Contributions
Investment Earnings Or Losses	66530	InvestmentEarningsOrLosses
Grants Or Scholarships	0	GrantsOrScholarships
Other Expenditures	66530	OtherExpenditures
Administrative Expenses	0	AdministrativeExpenses
End Of Year Balance	2010097	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	2010097	BeginningOfYearBalance
Contributions	0	Contributions
Investment Earnings Or Losses	4536	InvestmentEarningsOrLosses
Grants Or Scholarships	0	GrantsOrScholarships
Other Expenditures	4536	OtherExpenditures
Administrative Expenses	0	AdministrativeExpenses
End Of Year Balance	2010097	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	2010097	BeginningOfYearBalance
Contributions	0	Contributions
Investment Earnings Or Losses	42254	InvestmentEarningsOrLosses
Grants Or Scholarships	0	GrantsOrScholarships
Other Expenditures	42254	OtherExpenditures
Administrative Expenses	0	AdministrativeExpenses
End Of Year Balance	2010097	EndOfYearBalance

Field	Value	IRS element (for citing)
Permanent Endowment EOY Balance	1.00000	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	9656037	OtherCostOrOtherBasis
Book Value	9656037	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	33853816	OtherCostOrOtherBasis
Depreciation	8108531	Depreciation
Book Value	25745285	BookValue

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovements
Equipment		Equipment

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4420569	OtherCostOrOtherBasis
Depreciation	542608	Depreciation
Book Value	3877961	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	39279283	TotalOfBookValueLandBuildings
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
CAPITAL LEASE OBLIGATION	$275,504
CHARITABLE GIFT ANNUITY	$310,497
DEFERRED COMPENSATION LIABILIT	$994,100

Field	Value	IRS element (for citing)
Total Of Amounts	1580101	TotalOfAmounts
Total Revenue	33097063	TotalRevenue
Total Expenses	22344728	TotalExpenses
Excess Or Deficit For Year	10752335	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-3296	NetUnrealizedGLOnInvestments
Total Adjustments	-3296	TotalAdjustments
Excess Or Deficit Per FS	10749039	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	33343605	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	33343605	RevenueSubtotal
Investment Expenses Not Included	42325	InvestmentExpensesNotIncluded
Other Revenues Not Included	-288867	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-246542	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	33097063	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	22594566	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	292163	OtherExpensesIncluded
Expenses Not Rptd F990	292163	ExpensesNotRptdF990
Expenses Subtotal	22302403	ExpensesSubtotal
Investment Expenses Not Included2	42325	InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt	42325	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	22344728	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS	SCHEDULE D, PART V, QUESTION 4	TO SUPPORT THE OPERATIONAL COSTS OF CATO'S CONSTITUTIONAL STUDIES PROGRAM THROUGH THE ANNUAL EARNINGS OF THE ENDOWMENT NET ASSETS.
OTHER REVENUE INCLUDED ON RETURN NOT ON BOOKS	SCHEDULE D, PART XII, LINE 4B	REALIZED LOSS ON INVESTMENTS (12,210) COST OF GOODS SOLD (173,788) LOSS ON DISPOSAL OF ASSETS (102,869) ---------- $(288,867)
OTHER EXPENSES INCLUDED ON LINE 1, NOT ON FORM 990	SCHEDULE D, PART XIII, LINE 2D	REALIZED LOSS ON INVESTMENTS (12,210) COST OF GOODS SOLD (173,788) LOSS ON DISPOSAL OF ASSETS (102,869) UNREALIZED LOSS ON INVESTMENTS (3,296) ---------- $292,163
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. Cato has been classified by the Internal Revenue Service as a public charity. 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, 2012 and 2011; 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 changes in net assets. Tax years prior to 2008 are no longer subject to examination by the IRS and the tax jurisdictions of Kansas and the District of Columbia.

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable (4 entries)

RegionRegion	Number Of EmployeesNumberOfEmployees	Type Of Activities ConductedTypeOfActivitiesConducted	Total ExpendituresTotalExpenditures	Specific Services ProvidedSpecificServicesProvided
Europe (Including Iceland and Greenland)	0	Grantmaking	51500
Russia and the Newly Independent States	0	Grantmaking	245000
South America	0	Grantmaking	20000
South America	2	Program Services	43870	CONFERENCES/WEBSITE

Field	Value	IRS element (for citing)
Subtotal Number Of Offices	0	SubtotalNumberOfOffices
Subtotal Number Of Employees	2	SubtotalNumberOfEmployees
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	2	TotalNumberOfEmployees
Subtotal Amount Spent	360370	SubtotalAmountSpent
Total Amount Spent	360370	TotalAmountSpent

Grants To Orgs Outside US GrantsToOrgsOutsideUS

Field	Value	IRS element (for citing)
Region	Russia	Region
Purpose Of Grant	PROM LIBERTY	PurposeOfGrant
Amount Of Cash Grant	245000	AmountOfCashGrant
Manner Of Cash Disbursement	WIRE	MannerOfCashDisbursement
Description Of Non Cash Assistance	N/A	DescriptionOfNonCashAssistance
Method Of Valuation	N/A	MethodOfValuation

Field	Value	IRS element (for citing)
Total Number Of501c3 Orgs	0	TotalNumberOf501c3Orgs
Total Number Of Other Orgs	0	TotalNumberOfOtherOrgs

Grants To Ind Outside US GrantsToIndOutsideUS (2 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance	Method Of ValuationMethodOfValuation
STIPENDS FOR SENIOR FELLOWS	Europe/Iceland/Greenland	1	50000	WIRE	N/A	N/A
STIPENDS FOR SENIOR FELLOWS	South America	1	20000	WIRE	N/A	N/A

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	false	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	false	PassiveForeignInvestCo
Foreign Partnership	false	ForeignPartnership
Boycott Countries	false	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

Field	Value	IRS element (for citing)
Identifier	PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES	Identifier
Return Reference	SCHEDULE F, PART I, LINE 2	ReturnReference
Explanation	PROGRAMS ARE SUPERVISED BY PROJECT MANAGERS WHO PROVIDE OVERSIGHT, APPROVE PAYMENTS, AND PROVIDE AN ACCOUNTING OF FUNDS SPENT.	Explanation

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained
No Grant More Than5000	X	NoGrantMoreThan5000

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS	TypeOfGrant
Number Of Recipients	11	NumberOfRecipients
Amount Of Cash Grant	301700	AmountOfCashGrant
Method Of Valuation	N/A	MethodOfValuation
Description Of Non Cash Assistance	N/A	DescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES	Identifier
Return Reference	SCHEDULE I, PART 1, LINE 2	ReturnReference
Explanation	PROGRAMS ARE SUPERVISED BY PROJECT MANAGERS WHO PROVIDE OVERSIGHT, APPROVY PAYMENT AND PROVIDE AN ACCOUNTING OF FUNDS SPENT.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Independent Consultant	X	IndependentConsultant
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	true	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
EDWARD H CRANE
466872	22050	12198	501120
WILLIAM A NISKANEN
157225	10925	2035	170185
DAVID BOAZ
259500	17350	6156	283006
WILLIAM ERICKSON
174048	12669	10408	197125
ROGER PILON
171272	12513	12198	195983
JAGADEESH GOKHALE
160049	11618	9939	181606
ANDREI ILLIARNOV
165975	8299	6156	180430
MARK CALABRIA
157875	10919	6156	174950
KHRISTINE BROOKES
151294	10914	9459	171667

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	Deferred Compensation Plan	Identifier
Return Reference	Schedule J, Line 4b	ReturnReference
Explanation	A $200,000 contribution was made to the President's deferred compensation plan during fiscal year 3/31/2012.	Explanation

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArt
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest
Books And Publications		BooksAndPublications
Clothing And Household Goods		ClothingAndHouseholdGoods
Cars And Other Vehicles		CarsAndOtherVehicles
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	64	NumberOfContributions
Noncash Contribs Rptd F990	3601855	NoncashContribsRptdF990
Method Of Determining Revenues	FMV DATE OF RECEIPT	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStock
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther
Collectibles		Collectibles
Food Inventory		FoodInventory
Drugs And Medical Supplies		DrugsAndMedicalSupplies
Taxidermy		Taxidermy
Historical Artifacts		HistoricalArtifacts
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts
Number Of8283 Received	0	NumberOf8283Received
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
PROCESS USED TO REVIEW FORM 990	PART VI, SECTION A, QUESTION 11B	DRAFT DISTRIBUTED 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 WITH THE CONFLICT IS REQUIRED TO CORRECT THE SITUATION OR STEP DOWN FROM THE BOARD.
PROCESS FOR DETERMINING COMPENSATION	PART VI, SECTION B, QUESTION 15B	INDEPENDENT CONTRACTOR REVIEWS COMPENSATION/BENEFITS. THE BOARD DISCUSSES AND APPROVES EXECUTIVE COMPENSATION/BENEFITS BASED ON RESULTS OF THE INDEPENDENT STUDY.
DOES THE ORGANIZATION HAVE MEMBERS OR STOCKHOLDERS?	PART VI, SECTION A, LINE 6	CATO INSTITUTE WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF KANSAS AND HAS FOUR SHAREHOLDERS. EACH SHAREHOLDER HOLDS 16 SHARES, WHICH TOTAL 64 SHARES OF THE 1,000 SHARES AUTHORIZED.
MEMBERS, STOCKHOLDERS OR OTHER PERSONS WHO MAY ELECT THE GOVERNING BODY	PART VI, SECTION A, QUESTION 7A	CATO INSTITUTE'S SHAREHOLDERS ELECT THE BOARD OF DIRECTORS, AND THE BOARD DETERMINES THE GOVERNING COMMITTEES.
DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL	PART VI, SECTION A, QUESTION 7B	SHAREHOLDERS 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 5	OTHER CHANGES IN NET ASSETS REPRESENTS AN UNREALIZED LOSS ON INVESTMENTS