2020-07-29T08:45:30-05:00 2019-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2019-01-01 237327730 THE HERITAGE FOUNDATION HERI 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 20002 KAY COLES JAMES PRESIDENT 2025464400 2020-07-29 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.9 2020-07-29 08:43:07 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2019 2021-01-29 14:40:06Z KAY COLES JAMES 214 MASSACHUSETTS AVE NE WASHINGTON DC 20002 132836267 0 X WWW.HERITAGE.ORG X 1973 DC TO FORMULATE AND PROMOTE CONSERVATIVE PUBLIC POLICIES BASED ON THE PRINCIPLES OF FREE ENTERPRISE, LIMITED GOVERNMENT, INDIVIDUAL FREEDOM, TRADITIONAL AMERICAN VALUES, AND A STRONG NATIONAL DEFENSE. 21 18 528 30 0 0 75564341 116992003 537305 561668 4395020 4863711 560210 443820 81056876 122861202 67695 210737 0 0 37858772 38362575 2186315 2408014 13877513 39815398 36991424 79928180 77972750 1128696 44888452 294687214 365763848 44062144 44267015 250625070 321496833 X TO FORMULATE AND PROMOTE CONSERVATIVE PUBLIC POLICIES BASED ON THE PRINCIPLES OF FREE ENTERPRISE, LIMITED GOVERNMENT, INDIVIDUAL FREEDOM, TRADITIONAL AMERICAN VALUES, AND A STRONG NATIONAL DEFENSE. 0 0 27708470 25000 (SEE SCHEDULE O)PUBLIC POLICY RESEARCH:THE HERITAGE FOUNDATION PRODUCES HUNDREDS OF RESEARCH PAPERS ANNUALLY, INCLUDING ISSUE BRIEFS, BLOG POSTS, FACT SHEETS, BACKGROUNDERS, GUIDES, AND BOOKS ADDRESSING A BROAD RANGE OF ECONOMIC, DOMESTIC, DEFENSE, FOREIGN, AND SOCIAL POLICY ISSUES. THESE PUBLICATIONS ANALYZE BOTH CURRENT PUBLIC POLICIES AND ALTERNATIVE POLICY RECOMMENDATIONS FOR SUBSTANCE AND MERIT. THE RESULTS OF OUR RESEARCH ARE AVAILABLE IN PRINT FORMAT AND AT NO CHARGE THROUGH OUR WEBSITE, WHICH IS VISITED BY MILLIONS. ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2019 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 25653823 150000 561668 (SEE SCHEDULE O)EDUCATIONAL PROGRAMS:THE HERITAGE FOUNDATION ("THF OR "THE FOUNDATION") HOSTS EVENTS AND SPONSORS PROGRAMS TO EDUCATE GOVERNMENT OFFICIALS, THE ACADEMIC COMMUNITY, JOURNALISTS, AND THE GENERAL PUBLIC ON TOPICS RANGING FROM THE FOUNDING FATHERS AND CIVIL SOCIETY TO POLITICAL PHILOSOPHY AND LEGAL PRINCIPLES. IN 2019, THF'S LECTURES AND SEMINARS PROGRAM PRODUCED 159 PUBLIC EVENTS ATTRACTING 9,624 ATTENDEES. THF'S RESOURCE BANK CONFERENCE DRAWS OVER 400 CONSERVATIVE MOVEMENT LEADERS, POLICY EXPERTS, ACTIVISTS, AND DONORS FOR THREE DAYS OF WORKSHOPS AND DISCUSSIONS. THF'S INTERN PROGRAM PROVIDED 189 YOUNG PEOPLE AN INVALUABLE WORK-STUDY EXPERIENCE IN WASHINGTON, DC. THF'S GOVERNMENT RELATIONS HOSTED OVER 129 POLICY BRIEFING EVENTS IN 2019 WITH PARTICIPATION FROM 279 UNIQUE CONGRESSIONAL OFFICES. PARTICIPANTS INCLUDED MEMBERS OF CONGRESS LEGISLATIVE STAFFERS, COMMUNICATIONS DIRECTORS, AND CHIEFS OF STAFF. ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2019 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 9124709 35737 (SEE SCHEDULE O)MEDIA AND GOVERNMENT RELATIONS:THE HERITAGE FOUNDATION DISTRIBUTES ITS RESEARCH PRODUCTS TO MEMBERS OF CONGRESS, CONGRESSIONAL STAFF, POLICYMAKERS IN THE EXECUTIVE BRANCH OF THE FEDERAL GOVERNMENT, STATE OFFICIALS, JOURNALISTS, MEMBERS OF THE ACADEMIC COMMUNITY, OTHER NON-PROFIT ORGANIZATIONS, THE GENERAL PUBLIC, AND DONORS. THE HERITAGE FOUNDATION CONDUCTS HUNDREDS OF BRIEFINGS FOR DOMESTIC AND INTERNATIONAL OFFICIALS, POLICYMAKERS, EXPERTS, AND LAWMAKERS AND THEIR STAFF ON ISSUES RANGING FROM FEDERAL SPENDING AND UNFUNDED LIABILITIES TO HOMELAND SECURITY, TAX, AND HEALTH POLICY. IN 2019, THF PUBLISHED 93 ISSUE BRIEFS, 83 BACKGROUNDERS, 17 LEGAL MEMORANDA, AND 12 SPECIAL REPORTS. THF DELIVERED 33 CONGRESSIONAL TESTIMONIES. THF'S ANALYSTS MADE OVER 4,800 RADIO AND TELEVISION APPEARANCES IN 2019, AND EARNED OVER 1,800 OP-ED PLACEMENTS IN MAJOR PRINT AND ONLINE MEDIA OUTLETS. THF SENT OUT A DAILY NEWSLETTER, "THE MORNING BELL," TO 405,000 SUBSCRIBERS, A NEWSLETTER, "THE AGENDA" TO 303,000 SUBSCRIBERS, AND PUBLISHED HUNDREDS OF ARTICLES THROUGH THE FOUNDATION'S DIGITAL NEWS PUBLICATIONS. THF HELD 21 REGIONAL DONOR EVENTS. THF'S SOCIAL MEDIA PLATFORMS HAD 3.8 MILLION FANS AND FOLLOWERS AND ITS WEBSITES HERITAGE.ORG AND DAILYSIGNAL.COM HAD 45 MILLION TOTAL VISITOR SESSIONS. HERITAGE AND DAILY SIGNAL VIDEOS RECEIVED 70.9 MILLION VIEWS.ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2019 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION 62487002 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 1 X 211 0 1 528 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OH OK OR PA RI SC TN UT VA WI WV X KIM HOLMES 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 20002 BARB VAN ANDEL-GABY CHAIRMAN 2.00 X 0 0 0 MICHAEL W GLEBA VICE CHAIRMAN 2.00 X 0 0 0 KAY COLES JAMES PRESIDENT 40.00 X X 868411 0 87983 LARRY P ARNN PHD TRUSTEE 2.00 X 0 0 0 EDWIN J FEULNER TRUSTEE 8.00 X 195693 0 0 MALCOLM STEVENSON FORBES JR TRUSTEE 2.00 X 0 0 0 ROBERT P GEORGE TRUSTEE 2.00 X 0 0 0 RYAN HAGGERTY TRUSTEE 2.00 X 0 0 0 VIRGINIA HECKMAN TRUSTEE 2.00 X 0 0 0 WILLIAM J HUME TRUSTEE 2.00 2.00 X 0 0 0 MARK A KOLOKOTRONES TRUSTEE 2.00 X 0 0 0 EDWIN MEESE III TRUSTEE 4.00 X 32100 0 0 REBEKAH MERCER TRUSTEE 2.00 2.00 X 0 0 0 HON J WILLIAM MIDDENDORF II TRUSTEE 2.00 X 0 0 0 ABBY MOFFAT TRUSTEE 2.00 X 0 0 0 NERSI NAZARI PHD TRUSTEE 2.00 2.00 X 0 0 0 ROBERT PENNINGTON TRUSTEE 2.00 X 0 0 0 ANTHONY J SALIBA TRUSTEE 2.00 X 0 0 0 THOMAS A SAUNDERS III TRUSTEE 2.00 X 0 0 0 BRIAN TRACY TRUSTEE 2.00 X 0 0 0 WILLIAM L WALTON TRUSTEE 2.00 X 0 0 0 JOHN BACKIEL VP, FINANCE AND ACCOUNTING 40.00 X 239195 0 64073 THOMAS BINION VP, GOVERNMENT RELATIONS 40.00 X 213816 0 58701 ROBERT BLUEY VP, COMMUNICATIONS 40.00 X 259867 0 66503 CHRISTOPHER BYRNES GENERAL COUNSEL AND SECRETARY 40.00 X 201450 0 38241 JAMES CARAFANO VP, DAVIS INST. FOR NAT'L SECURITY 40.00 X 290835 0 39415 WESLEY DYCK VP, PERSONNEL 40.00 X 256192 0 64124 KIM HOLMES EXECUTIVE VICE PRESIDENT 40.00 X 410020 0 70952 ERIC KORSVALL VP, OPERATIONS 40.00 X 237522 0 64917 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 40.00 X 250788 0 67650 ANDREW MCINDOE VP, DEVELOPMENT 40.00 X 215409 0 56174 JENNIFER PATTERSON SENIOR VISITING FELLOW 10.00 X 127562 0 7003 ANGELA SAILOR VP, THE FEULNER INSTITUTE 40.00 X 231605 0 48366 JACK SPENCER VP, INST. FOR ECONOMIC FREEDOM 40.00 X 258462 0 67386 BRIDGETT WAGNER VP, POLICY PROMOTION 40.00 X 247113 0 65169 CHARMAINE YOEST VP, INST. FOR FAMILY, COMM., & OPP. 40.00 X 166141 0 2192 BECKY NORTON DUNLOP RONALD REAGAN DISTINGUISHED FELLOW 40.00 X 268241 0 51400 GENEVIEVE WOOD DIR., DONOR COMMS. & SPOKESPERSON 40.00 X 260475 0 48510 MIGUEL M GONZALEZ SENIOR FELLOW 40.00 X 246952 0 66581 CARSTEN WALTER SR. DIR., DEVELOPMENT OPERATIONS 40.00 X 246779 0 64833 PAUL WINFREE DIRECTOR, THOMAS A. ROE INSTITUTE 40.00 X 245683 0 45381 5970311 0 1145554 106 0 1 0 BOGNET CONSTRUCTION ASSOCIATES INC 8224 OLD COURTHOUSE ROAD VIENNA VA 22182 CONSTRUCTION 2927580 GIVE RIGHT INC 1200 WILSHIRE BLVD SUITE 650 LOS ANGELES CA 90017 MARKETING & FUNDRAISING 1303585 CONRAD DIRECT INC 300 KNICKERBOCKER RD CRESSKILL NJ 07626 MAILING CONTACT MGMT 1292867 MERKLE RESPONSE SERVICES INC 100 JAMISON COURT HAGERSTOWN MD 21740 MAILING CONTACT MGMT 1273155 RUSSELL INVESTMENT TRUST COMPANY 1301 2ND AVENUE SEATTLE WA 98101 INVESTMENT MANAGEMENT 873546 38 116992003 1326834 116992003 INTERN HOUSING REVENUE 531110 528652 528652 MEDIA & PUBLICATION 511190 33016 33016 561668 177710 177710 15131 15131 276869 1289348 -1012479 -1012479 -1012479 13351874 19844 8685717 0 4666157 19844 4686001 4686001 OTHER INCOME 900099 1441168 1441168 1441168 122861202 561668 0 5307531 185737 185737 25000 25000 5571030 4714928 98774 757328 25698479 21842582 451227 3404670 1358341 1088691 28736 240914 3629402 3111775 56706 460921 2105323 1687388 44536 373399 178638 141002 29352 8284 98591 81954 1773 14864 2408014 2408014 1043789 836808 22057 184924 6072408 5804383 108119 159906 1172273 501758 28 670487 11415027 8903401 37864 2473762 3199362 2366029 46109 787224 2506250 2049463 332522 124265 1550272 1132974 23688 393610 5060882 4234494 196808 629580 336295 269536 7114 59645 3413013 2735483 72200 605330 278350 227761 38440 12149 DUES & SUBSCRIPTIONS 362147 302474 6240 53433 BOOKS & PRODUCTS 185000 134056 4942 46002 HONORARIA/WRITER'S FEES 94505 92205 2300 OTHER EXPENSES 24622 17120 1000 6502 77972750 62487002 1608235 13877513 X 11607017 10140445 0 1466572 442 1885 13928240 59407704 15679382 9415860 764700 156628 248380 422416 130572534 44418560 84630621 86153974 1755686 2759256 176638985 207179107 1040778 267018 294687214 365763848 8205142 9257260 21725330 21350203 14131672 13659552 44062144 44267015 X 191590585 232176281 59034485 89320552 250625070 321496833 294687214 365763848 X 44888452 26833929 -850618 X 0 1 X 1 0 X 88804116 79079189 76582930 75564341 116992003 437022579 88804116 79079189 76582930 75564341 116992003 437022579 47469911 389552668 488278 377220 367469 764570 469710 2467247 1725823 1614658 1693513 1517838 1441168 7993000 447482826 2897280 0.87050 0.97010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 65384585 65384585 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 160512607 29295514 28302761 10503428 1167888 206439566 173622149 6850506 -11617790 7595806 746452 160512607 151164944 2387800 28290192 7295013 925774 173622149 142750132 2883251 13082409 6626765 924083 151164944 145231705 3206043 1394522 6168896 913242 142750132 0.65990 0.14060 0.19950 0 0 12828700 12828700 106515013 34516993 71998020 8226143 7117540 1108603 3002678 2784027 218651 86153974 INVESTMENTS IN MUTUAL FUNDS & LP'S 191299105 F TRUSTS & ANNUITIES 15880002 F 207179107 DEFERRED COMPENSATION PLANS 2902306 SPLIT-INTEREST AGREEMENTS 9807873 INTEREST RATE SWAP 949373 13659552 X 149090072 26833929 -850618 25983311 123106761 1043789 -1289348 -245559 122861202 78218309 1289348 1289348 76928961 1043789 1043789 77972750 PART V, LINE 4: THE LONG-TERM INVESTMENT FUND, CONSISTING OF MULTIPLE FUNDED PROGRAMS, GENERAL BOARD DESIGNATED FUNDS, AND OPERATING RESERVES, HAS BEEN ESTABLISHED IN ORDER TO SUPPORT THE GROWTH AND OPERATIONS OF THE HERITAGE FOUNDATION ("THE FOUNDATION"). THE INVESTMENTS IN THE FUND WILL BE MADE FOR THE EXCLUSIVE BENEFIT OF THE FOUNDATION. INDIVIDUAL DONOR-RESTRICTED FUNDS WILL BE GOVERNED BY THE TERMS OF THEIR GOVERNING PLAN DOCUMENTS. SEPARATE ACCOUNTING IS MAINTAINED FOR EACH FUND. FUNDS ARE USED ANNUALLY TO SUPPORT PROGRAMS IN ACCORDANCE WITH THE FOUNDATION'S SPENDING POLICY OR AS STIPULATED BY THE DONOR(S). THE LONG-TERM FUND INCLUDES A PERMANENT FUND, ESTABLISHED BY THE BOARD OF TRUSTEES, WITH THE MAIN OBJECTIVE OF LONG-TERM GROWTH OF CAPITAL IN ACCORDANCE WITH DONOR WISHES. THE PERMANENT FUND IS INCLUDED IN THE CALCULATION OF ANNUAL DRAWS USED TO SUPPORT THE OPERATIONS OF THE FOUNDATION. PART X, LINE 2: THE FOLLOWING IS THE FIN 48 (ASC 740) FOOTNOTE CONTAINED IN THE HERITAGE FOUNDATION'S ("THE FOUNDATION") CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019: THE HERITAGE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A), AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE HERITAGE FOUNDATION HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY AND IS NOT A PRIVATE FOUNDATION. CONTRIBUTIONS TO THE HERITAGE FOUNDATION ARE DEDUCTIBLE FOR FEDERAL INCOME, ESTATE AND GIFT TAX PURPOSES. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES IS SUBJECT TO TAX. THERE WAS NO SIGNIFICANT NET UNRELATED INCOME TAX DURING THE YEARS ENDED DECEMBER 31, 2019 AND 2018, RESPECTIVELY. 3RD STREET PROPERTIES, LLC, MASSACHUSETTS AVENUE PROPERTIES, LLC AND INTERN HOUSING, LLC ARE LIMITED LIABILITY COMPANIES WHOSE SOLE MEMBER IS THE HERITAGE FOUNDATION. CONSEQUENTLY, 3RD STREET PROPERTIES, LLC, MASSACHUSETTS AVENUE PROPERTIES, LLC AND INTERN HOUSING, LLC ARE DISREGARDED ENTITIES FOR FEDERAL AND STATE INCOME TAX PURPOSES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAPS -417,870. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -432,748. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES -1,289,348. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES 1,289,348. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 1310 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 134367 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 237823 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 15193 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 7202 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 18130 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 20092 SOUTH ASIA 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 12653 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 1850 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5191514 0 0 0 0 0 0 446770 5193364 5640134 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X 1 ODELL SIMMS & LYNCH INC 1593 SPRING HILL ROAD SUITE 450 TYSONS CORNER VA 22182 CONSULTANTS ON DIRECT MAIL PROGRAM 0 11040097 607958 10432139 GIVE RIGHT INC 1200 WILSHIRE BLVD SUITE 650 LOS ANGELES CA 90017 TELEMARKETING PROGRAMS & THANK YOU FOLLOW UPS 0 3941210 1303585 2637625 WARFIELD & WALSH INC 601 S WASHINGTON STREET ALEXANDRIA VA 223143004 CONSULTANTS ON DIRECT MAIL PROGRAM 0 2403169 315185 2087984 THREE CREATIVE INC 10211 WINCOPIN CIRCLE 100 COLUMBIA MD 21044 MARKETING & FUNDRAISING 0 1104319 155042 949277 HSP DIRECT 20130 LAKEVIEW CENTER PLAZA SUITE ASHBURN VA 20147 CONSULTANTS ON DIRECT MAIL PROGRAM 0 158900 26244 132656 18647695 2408014 16239681 AK AL AR CO CT DC FL HI IL KS KY LA MA MD ME MI MS MO NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV MN GA CA NV SCHEDULE G, PART I, LINE 2B, COLUMN (V) PROFESSIONAL FUNDRAISING PAYMENTS ARE DISTINGUISHED FROM EXPENSE PAYMENTS OR REIMBURSEMENTS PER THE INVOICES PROVIDED BY THE FUNDRAISER. NAME OF FUNDRAISER: WARFIELD & WALSH, INC. POSTAGE: $37,149 NAME OF FUNDRAISER: GIVE RIGHT, INC. POSTAGE: $43,827 PRINTING: $2,134 NAME OF FUNDRAISER: HSP DIRECT LIST RENTAL: $73,318 NAME OF FUNDRAISER: THREE CREATIVE, INC. PAYMENT PROCESSING: $8,200 NAME OF FUNDRAISER: ODELL SIMMS (SWA) POSTAGE: $30,635 PRINTING: $65,299 1 CAPITOL HILL BUSINESS IMPROVEMENT DISTRICT 30 MASSACHUSETTS AVE NE WASHINGTON DC 20002 522232461 501(C)(6) 29544 CLEANING, SAFETY, AND BEAUTIFICATION PROGRAMS IN THE CAPITOL HILL COMMUNITY CONCERNED WOMEN FOR AMERICA 1000 N PAYNE ST ALEXANDRIA VA 22314 953580834 501(C)(3) 150000 THE NATION'S LARGEST PUBLIC POLICY WOMEN'S ORGANIZATION, BRINGING BIBLICAL PRINCIPLES INTO ALL LEVELS OF PUBLIC POLICY 1 1 SALVATORI PRIZE FOR CITIZENSHIP 1 25000 PART I, LINE 2: THE HERITAGE FOUNDATION ("THF") MAKES PERIODIC CONTRIBUTIONS, BUT IS NOT A GRANT-MAKING ORGANIZATION. THF'S CONTRIBUTIONS TO OTHER QUALIFYING ORGANIZATIONS IN 2019 COMPRISED APPROXIMATELY THREE TENTHS OF A PERCENT OF TOTAL ANNUAL EXPENSES. IF AN ORGANIZATION MAKES A GRANT REQUEST, THE REQUESTING ORGANIZATION IS RESEARCHED AND REVIEWED BY STAFF TO DETERMINE IF A GRANT ALIGNS WITH THF'S OBJECTIVES AND OVERALL MISSION. IF A GRANT IS AWARDED, IT MUST BE USED TO SUPPORT THOSE PURPOSES. THE GRANT AMOUNT IS THEN DETERMINED BY THE RELEVANT MANAGER AND AWARDED TO THE REQUESTING ORGANIZATION. PERIODIC REPORTS OF THE USE OF THE GRANT FUNDS BY THE GRANTEE ORGANIZATION ARE REQUIRED AS A CONDITION OF THE AWARD. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 KAY COLES JAMES PRESIDENT 511316 0 344200 0 12895 0 56000 0 31983 0 956394 0 0 0 EDWIN J FEULNER TRUSTEE 193829 0 0 0 1864 0 0 0 0 0 195693 0 0 0 JOHN BACKIEL VP, FINANCE AND ACCOUNTING 193436 0 45300 0 459 0 30879 0 33194 0 303268 0 0 0 THOMAS BINION VP, GOVERNMENT RELATIONS 178170 0 35300 0 346 0 27476 0 31225 0 272517 0 0 0 ROBERT BLUEY VP, COMMUNICATIONS 208011 0 51300 0 556 0 33704 0 32799 0 326370 0 0 0 CHRISTOPHER BYRNES GENERAL COUNSEL AND SECRETARY 180883 0 20200 0 367 0 23418 0 14823 0 239691 0 0 0 JAMES CARAFANO VP, DAVIS INST. FOR NAT'L SECURITY 236541 0 50300 0 3994 0 37200 0 2215 0 330250 0 0 0 WESLEY DYCK VP, PERSONNEL 205577 0 49300 0 1315 0 33241 0 30883 0 320316 0 0 0 KIM HOLMES EXECUTIVE VICE PRESIDENT 319624 0 80300 0 10096 0 56000 0 14952 0 480972 0 0 0 ERIC KORSVALL VP, OPERATIONS 190713 0 46300 0 509 0 31728 0 33189 0 302439 0 0 0 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 204239 0 44300 0 2249 0 32546 0 35104 0 318438 0 0 0 ANDREW MCINDOE VP, DEVELOPMENT 186781 0 28300 0 328 0 27345 0 28829 0 271583 0 0 0 ANGELA SAILOR VP, THE FEULNER INSTITUTE 198606 0 32200 0 799 0 21200 0 27166 0 279971 0 0 0 JACK SPENCER VP, INST. FOR ECONOMIC FREEDOM 207344 0 50300 0 818 0 34113 0 33273 0 325848 0 0 0 BRIDGETT WAGNER VP, POLICY PROMOTION 200291 0 43300 0 3522 0 32064 0 33105 0 312282 0 0 0 CHARMAINE YOEST VP, INST. FOR FAMILY, COMM., & OPP. 164537 0 100 0 1504 0 0 0 2192 0 168333 0 0 0 BECKY NORTON DUNLOP RONALD REAGAN DISTINGUISHED FELLOW 223747 0 37300 0 7194 0 37418 0 13982 0 319641 0 0 0 GENEVIEVE WOOD DIR., DONOR COMMS. & SPOKESPERSON 218928 0 40300 0 1247 0 36506 0 12004 0 308985 0 0 0 MIGUEL M GONZALEZ SENIOR FELLOW 206400 0 38300 0 2252 0 34958 0 31623 0 313533 0 0 0 CARSTEN WALTER SR. DIR., DEVELOPMENT OPERATIONS 204100 0 40300 0 2379 0 31150 0 33683 0 311612 0 0 0 PAUL WINFREE DIRECTOR, THOMAS A. ROE INSTITUTE 211970 0 33300 0 413 0 14446 0 30935 0 291064 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: THE HERITAGE FOUNDATION (THF) ALLOWS FIRST CLASS TRAVEL OR CHARTER TRAVEL FOR THE PRESIDENT AND CERTAIN APPROVED STAFF IN CERTAIN CIRCUMSTANCES, SUCH AS INTERNATIONAL TRAVEL, AND ONLY WHEN CONDUCTING OFFICIAL BUSINESS FOR THF. IN ACCORDANCE WITH THF'S TRAVEL POLICIES, ANY AMOUNT PAID BY THF FOR ANY TRAVEL BY ANY EMPLOYEE THAT IS NOT BUSINESS RELATED IS REQUIRED TO BE REIMBURSED BY THE INDIVIDUAL TO THF OR IS INCLUDED IN THE INDIVIDUAL'S REPORTABLE COMPENSATION ON FORM W-2, BOX 5, AND INCLUDED IN PART VII OF THE FORM 990 AND SCHEDULE J, PART II. TRAVEL FOR COMPANIONS: FROM TIME TO TIME, THF ALLOWS TRAVEL FOR SPOUSES OF CERTAIN OFFICERS OF THE ORGANIZATION. AMOUNTS PAID FOR TRAVEL FOR COMPANIONS THAT ARE NOT BUSINESS RELATED ARE EITHER REIMBURSED BY THE OFFICER TO THF OR ARE INCLUDED IN THE OFFICER'S REPORTABLE COMPENSATION ON FORM W-2, BOX 5, AND INCLUDED IN PART VII OF THE FORM 990 AND SCHEDULE J, PART II. PART I, LINE 7 A PORTION OF MANAGEMENT COMPENSATION IS IN THE FORM OF AN ANNUAL BONUS. MANAGEMENT BONUSES ARE CONTINGENT ON ACHIEVING THE ORGANIZATION'S MISSION AS WELL AS ON THEIR OWN PERFORMANCE AND ACHIEVEMENT OF ESTABLISHED GOALS. GOALS ARE REVIEWED MID-YEAR AND ANNUALLY, AND QUARTERLY REPORTS OF ORGANIZATION ACTIVITIES ARE PROVIDED TO THE BOARD OF TRUSTEES. MELISSA BLUEY SPOUSE OF OFFICER: ROBERT BLUEY 70232 EMPLOYMENT 0 X 80 1326834 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNTS REPORTED IN COLUMN (B) REPRESENT THE NUMBER OF INDIVIDUAL CONTRIBUTIONS. FORM 990, PART V, LINE 3B THF IS AWAITING ADDITIONAL INFORMATION IN ORDER TO TIMELY FILE A COMPLETE AND ACCURATE FORM 990-T BY THE EXTENDED DEADLINE OF NOVEMBER 15, 2020. FORM 990, PART VI, SECTION B, LINE 11B THE VICE PRESIDENT OF FINANCE AND ACCOUNTING COMPILES NECESSARY INFORMATION TO COMPLETE THE FORM 990. PAID TAX PREPARERS THEN ASSIST IN COMPLETING THE FORM, WHICH IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ACCOUNTING. THE COMPLETED DRAFT IS THEN REVIEWED BY THE PRESIDENT AND EXECUTIVE VICE PRESIDENT. A COMPLETE FINAL DRAFT OF THE FORM 990 IS GIVEN TO THE BOARD OF TRUSTEES FOR FINAL COMMENTS AND APPROVAL BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW HERITAGE EMPLOYEES ARE REQUIRED TO SIGN AND ACKNOLWEDGE THAT THEY HAVE RECEIVED AND WILL ADHERE TO ALL POLICIES CONTAINED WITHIN THE FOUNDATION'S EMPLOYEE HANDBOOK, INCLUDING THE FOUNDATION'S CONFLICT OF INTEREST POLICY. SEPARATELY, THE FOUNDATION REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES TO DISCLOSE, ANNUALLY, ANY AND ALL FINANCIAL INTEREST OR HOLDINGS THAT MAY BE CONSIDERED A CONFLICT OF INTEREST TO HIS/HER DUTIES AS A TRUSTEE OF THE ORGANIZATION. ADDITIONAL DISCLOSURES ARE REQUIRED PROMPTLY WHEN A PREVIOUSLY UNKNOWN CONFLICT ARISES OR IS DISCOVERED. IN THE CASE OF A POTENTIAL CONFLICT, AFTER A MEMBER OF THE BOARD DISCLOSES SUCH FINANCIAL OR ADVERSE ORGANIZATIONAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE MEMBER, HE/SHE IS REQUIRED TO LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING(S) WHILE THE POTENTIAL CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING MEMBERS TO DETERMINE WHETHER A CONFLICT EXISTS AND WHAT ACTION SHOULD BE TAKEN. IF APPROPRIATE, THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT GIVING RISE TO THE POTENTIAL CONFLICT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE VOTES ON WHETHER THE TRANSACTION IN QUESTION IS IN THE BEST INTEREST OF THE FOUNDATION. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT IS REQUIRED TO INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN. IF THE BOARD OR COMMITTEE DETERMINES THE PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION, INCLUDING SALARIES, BONUSES, AND BENEFITS, FOR THF'S PRESIDENT, EXECUTIVE VICE PRESIDENT, AND CERTAIN OTHER OFFICERS IS APPROVED BY THE HERITAGE FOUNDATION'S INDEPENDENT BOARD OF TRUSTEES, AND BASED ON THE RECOMMENDATION OF THE BOARD'S COMPENSATION COMMITTEE. IN 2019, THE COMPENSATION COMMITTEE WAS COMPRISED OF FOUR INDEPENDENT, VOLUNTEER BOARD MEMBERS AND ONE EX-OFFICIO MEMBER WHO WERE NOT, AND HAVE NEVER BEEN, EMPLOYEES OF THE FOUNDATION. EACH YEAR, THE COMPENSATION COMMITTEE MEETS TO DEVELOP COMPENSATION RECOMMENDATIONS TO THE FULL BOARD AND ITS MEETINGS ARE DOCUMENTED CONTEMPORANEOUSLY. IN DEVELOPING ITS RECOMMENDATIONS, THE COMMITTEE CONSIDERS MARKET DATA AND OTHER SALARY AND BENEFIT SURVEY INFORMATION REGARDING THE COMPENSATION OF SIMILARLY SITUATED EXECUTIVES, WHICH IS PREPARED FOR THE COMMITTEE BY AN OUTSIDE COMPENSATION EXPERT FOR SELECTED POSITIONS. BECAUSE THE MANAGEMENT AND LEADERSHIP SKILLS OF HERITAGE EXECUTIVES HAVE A SIGNIFICANT EFFECT ON THE FOUNDATION'S SUCCESS, A SIGNIFICANT PORTION OF CASH COMPENSATION IS IN THE FORM OF A BONUS. BONUSES ARE CONTINGENT ON ACHIEVING THE ORGANIZATION'S MISSION AS WELL AS THEIR OWN PERFORMANCE AND ACHIEVEMENT OF ESTABLISHED GOALS. GOALS ARE REVIEWED MID-YEAR AND ANNUALLY, AND QUARTERLY REPORTS OF FOUNDATION ACTIVITIES ARE PROVIDED TO THE BOARD. IN CONSIDERING AND APPROVING TOTAL COMPENSATION FOR 2019, THE COMPENSATION COMMITTEE AND THE FULL BOARD OF TRUSTEES ALSO APPROVED BENEFITS PROVIDED UNDER AN EMPLOYER-FUNDED QUALIFIED RETIREMENT PLAN, GROUP HEALTH, LIFE, AND LONG-TERM DISABILITY AND LONG-TERM CARE INSURANCE PLANS, AND OTHER BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE HERITAGE FOUNDATION MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST IN COMPLIANCE FOR THE PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS -417,870. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -432,748. 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