2012-11-09T07:18:06-06:00 2012-03-31 WATKINS MEEGAN LLC 6720-B ROCKLEDGE DRIVE SUITE 750 BETHESDA MD 20817 990 2011-04-01 237432162 CATO INSTITUTE % TRISHA LINE CATO 2028420200 1000 MASSACHUSETTS AVE NW WASHINGTON DC 200015403 WILLIAM ERICKSON 2012-08-01 true 3016547555 2011 2016-02-24 21:20:13Z WILLIAM ERICKSON 1000 MASSACHUSETTS AVE NW WASHINGTON DC 20001 36151944 false X WWW.CATO.ORG X 1977 KS THE CATO INSTITUTE BROADENS THE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF LIMITED GOVERNMENT, FREE MARKETS, INDIVIDUAL LIBERTY, AND PEACE. 20 19 200 0 0 0 39253053 31736230 643225 547548 16831 -34275 497618 847560 40410727 33097063 843602 246888 0 0 11370641 11506629 0 0 2101752 11433952 10591211 23648195 22344728 16762532 10752335 57206316 67083178 5236839 4364662 51969477 62718516 THE CATO INSTITUTE BROADENS THE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF LIMITED GOVERNMENT, FREE MARKETS, INDIVIDUAL LIBERTY, AND PEACE. false false 10400249 246888 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. 4965294 428188 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. 2339086 547548 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. 17704629 true true 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 false true 189 0 true 200 true false false false false false false false false false false X 20 19 true false false false true 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 X 0 0 0 RICHARD J DENNIS 2.5 X JOHN C MALONE 2.5 X DAVID H PADDEN 2.5 X LEWIS E RANDALL 2.5 X HOWARD S RICH 2.5 X JEFFREY S YASS 2.5 X FRED YOUNG 2.5 X EDWARD H CRANE 40.0 X X 466872 34248 ETHELMAE C HUMPHREYS 2.5 X DAVID H KOCH 2.5 X WILLIAM A NISKANEN 40.0 X 157225 12960 DONALD G SMITH 2.5 X ROBERT A LEVY 2.5 X X K TUCKER ANDERSEN 2.5 X WILLIAM DUNN 2.5 X KEVIN GENTRY 2.5 X NANCEY PFOTENHAUER 2.5 X CHARLES G KOCH 2.5 X PRESTON MARSHALL 2.5 X ANDREW NAPOLITANO 2.5 X THEODORE B OLSON 2.5 X KATHRYN WASHBURN 2.5 X DAVID BOAZ 40.0 X 259500 23506 WILLIAM ERICKSON 40.0 X 174048 23077 ANTHONY PRYOR 40.0 X 75550 4532 ROGER PILON 40.0 X 171272 24711 JAGADEESH GOKHALE 40.0 X 160049 21557 ANDREI ILLIARNOV 40.0 X 165975 14455 MARK CALABRIA 40.0 X 157875 17075 KHRISTINE BROOKES 40.0 X 151294 20373 1939660 0 196494 30 false true false 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 18 31736230 3601855 31736230 CONFERENCES 900099 547548 547548 547548 80804 0 80804 0 0 35835 0 35835 242355 0 242355 242355 0 242355 2766014 0 2778224 102869 -12210 -102869 -115079 0 -115079 0 0 0 0 388218 173788 214430 214430 0 INSURANCE SETTLEMENT INCOME 900099 350000 350000 MISCELLANEOUS 900099 805 805 MAILING LIST SALES 900004 4135 4135 354940 33097063 1112783 0 248050 388 388 0 0 246500 246500 0 1397127 762086 329968 305073 0 8133994 7022532 441019 670443 387193 323954 30018 33221 972327 715047 194712 62568 615988 512344 49090 54554 0 240272 2100 238172 54402 54402 0 0 100054 16372 83682 1922919 1591056 160958 170905 373933 365371 8562 3039015 2343718 295044 400253 0 0 1055754 836494 120989 98271 1119178 965700 6313 147165 0 781406 776234 4908 264 5150 5150 0 441881 351230 49361 41290 91716 -41 91762 -5 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 251803 180633 47532 23638 22344728 17704629 2538347 2101752 X 589434 440956 12555 135924 1000 1000 20064719 14387610 8825198 9039201 184098 46199 0 0 0 0 0 0 309085 151646 366496 336267 47930422 8651139 23839616 39279283 3520600 3756468 0 0 0 0 0 0 95504 85504 57206316 67083178 3372978 2657818 529416 19804 117999 106939 0 0 0 0 0 0 0 0 0 0 1216446 1580101 5236839 4364662 X 28437968 44993581 21521412 15714838 2010097 2010097 51969477 62718516 57206316 67083178 X 10752335 -3296 X false true true X X 22189765 19129916 29717643 39253053 31736230 142026607 22189765 19129916 29717643 39253053 31736230 142026607 15615824 126410783 873269 522010 726009 430432 358994 2910714 10126 7704 5530 2264 354940 380564 145317885 3649125 0.86989 0.85713 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 33853816 8108531 25745285 4420569 542608 3877961 39279283 0 CAPITAL LEASE OBLIGATION 275504 CHARITABLE GIFT ANNUITY 310497 DEFERRED COMPENSATION LIABILIT 994100 1580101 33097063 22344728 10752335 -3296 -3296 10749039 33343605 33343605 42325 -288867 -246542 33097063 22594566 292163 292163 22302403 42325 42325 22344728 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. Europe (Including Iceland and Greenland) 0 0 Grantmaking 51500 Russia and the Newly Independent States 0 0 Grantmaking 245000 South America 0 0 Grantmaking 20000 South America 0 2 Program Services CONFERENCES/WEBSITE 43870 0 2 0 2 360370 360370 Russia PROM LIBERTY 245000 WIRE N/A N/A 0 0 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 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 X STIPENDS FOR SENIOR FELLOWS/ADJUNCT SCHOLARS 11 301700 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, APPROVY PAYMENT AND PROVIDE AN ACCOUNTING OF FUNDS SPENT. X X X true true false false false false false false false 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 Deferred Compensation Plan Schedule J, Line 4b A $200,000 contribution was made to the President's deferred compensation plan during fiscal year 3/31/2012. X 64 3601855 FMV DATE OF RECEIPT 0 false false false 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