2023-12-11T15:17:02-06:00 2023-03-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2022-04-01 237432162 CATO INSTITUTE % MARISSA DELGADO CATO 2028420200 1000 MASSACHUSETTS AVE NW WASHINGTON DC 20001 MARISSA DELGADO VP, Finance & CFO 2028420200 2023-12-09 true MARISSA DELGADO 999009999 Marc Berger P01871563 7038930600 2023-12-07 2 2022 2023-04-26 12:10:37Z MARISSA DELGADO 1000 MASSACHUSETTS AVE NW WASHINGTON DC 20001 57953769 false X WWW.CATO.ORG X 1974 KS TO PROMOTE THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE. 15 14 289 14 0 0 44266356 55743874 253090 45784 1002671 1490354 407565 386547 45929682 57666559 1085958 133754 0 0 18818859 20820455 474000 494000 4572577 10959130 16269806 31337947 37718015 14591735 19948544 116844158 135047209 2683808 2306004 114160350 132741205 TO ORIGINATE, DISSEMINATE, AND INCREASE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE. false false 19836480 120454 55240 PUBLIC POLICY & RESEARCH - OUR VISION IS TO CREATE FREE, OPEN, AND CIVIL SOCIETIES FOUNDED ON LIBERTARIAN PRINCIPLES. TO THAT END, OUR SCHOLARS AND ANALYSTS CONDUCT AND PUBLISH INDEPENDENT, NONPARTISAN RESEARCH ON A WIDE RANGE OF POLICY ISSUES ACROSS MORE THAN 14 RESEARCH AREAS, INCLUDING LAW AND CIVIL LIBERTIES, TAX AND BUDGET POLICY, REGULATORY STUDIES, HEALTH CARE AND WELFARE, EDUCATION, FINANCE, BANKING AND MONETARY POLICY, FOREIGN POLICY AND NATIONAL SECURITY, TRADE POLICY, AND INTERNATIONAL DEVELOPMENT. 5179966 43090 45784 EDUCATIONAL PROGRAM - CATO HOSTS PUBLIC EVENTS AND CONFERENCES IN ORDER TO ENGAGE DIVERSE AUDIENCES ON OUR RESEARCH AND POLICY PRESCRIPTIONS, AND ALSO PROACTIVELY INVESTS IN THE NEXT GENERATION THROUGH ITS STUDENT PROGRAMS. THESE INCLUDE OUR CATO INTERNSHIP PROGRAM AND JOHN RUSSELL PASLAQUA INTERN SEMINAR SERIES, OUR WEEKEND LIBERTY SEMINARS FOR STUDENTS, AND OUR STUDENT BRIEFING PROGRAM, WHICH TEACHES HIGH SCHOOL AND COLLEGE STUDENTS FROM AROUND THE COUNTRY ABOUT AMERICA'S FOUNDING PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT AND FREE ENTERPRISE. 2365469 COMMUNICATIONS & EXTERNAL AFFAIRS - CATO SCHOLARS ENGAGE AND EDUCATE BROAD AUDIENCES ON OUR POLICY PRESCRIPTIONS BY DISSEMINATION OF OUR RESEARCH THROUGH SPEAKING ENGAGEMENTS, BRIEFINGS, OP-EDS AND BLOGS, PODCASTS, TELEVISION AND RADIO APPEARANCES, AND OUR WEBSITES, WHICH RECEIVE OVER 11 MILLION VISITS ANNUALLY. 27381915 true true false false false false false false false true true false false false true true true false false true true false true true false false false true false true false false false false false false false false true false false false false false false false false true 205 0 true 289 true false false false false false true true false false false false false false X 15 14 false false false false false false false true true false false true true true true true true true false false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X MARISSA DELGADO 2028420200 1000 MASSACHUSETTS AVE NW WASHINGTON DC 20001 X PETER GOETTLER PRESIDENT & CEO 40.0 0.0 X X 568571 0 34460 STEPHEN KURTZ VP, CHIEF DIGITAL OFFICER 40.0 0.0 X 287426 0 36794 LESLEY ALBANESE SR VP, INITIATIVES 40.0 0.0 X 246641 0 24874 NORBERT MICHEL VP,DIRECTOR,MONETARY&FINANCIAL 40.0 0.0 X 227381 0 35458 CLARK NEILY SR VP FOR LEGAL STUDIES 40.0 0.0 X 221208 0 31867 SCOTT LINCICOME VP, GENERAL ECONOMICS & TRADE 40.0 0.0 X 213607 0 34209 MARISSA DELGADO SECRETARY, VP, FINANCE & CFO 40.0 0.0 X 211839 0 34530 DAVID BOAZ EXECUTIVE VP (THRU 04/18/22) 20.0 0.0 X 211060 0 23088 JOHN A ALLISON DIRECTOR 2.5 0.0 X 0 0 0 BARON BOND DIRECTOR 2.5 0.0 X 0 0 0 KENNETH R FRENCH DIRECTOR (AS OF 5/7/22) 2.5 0.0 X 0 0 0 ROBERT GELFOND DIRECTOR 2.5 0.0 X 0 0 0 DAVID C HUMPHREYS DIRECTOR 2.5 0.0 X 0 0 0 LAURA HOLMES JOST DIRECTOR (AS OF 5/7/22) 2.5 0.0 X 0 0 0 JAMES M KILTS DIRECTOR 2.5 0.0 X 0 0 0 JAMES M LAPEYRE JR CHAIRMAN (AS OF 10/2/22) 2.5 0.0 X 0 0 0 EILEEN S LEECH DIRECTOR (AS OF 5/7/22) 2.5 0.0 X 0 0 0 KENNETH LEVY DIRECTOR 2.5 0.0 X 0 0 0 ROBERT A LEVY CHAIRMAN (THRU 10/1/22) 2.5 0.0 X 0 0 0 JOHN P MACKEY DIRECTOR (AS OF 10/1/22) 2.5 0.0 X 0 0 0 NANCY M PFOTENHAUER DIRECTOR (THRU 10/1/22) 2.5 0.0 X 0 0 0 LEWIS E RANDALL DIRECTOR (THRU 10/1/22) 2.5 0.0 X 0 0 0 HOWARD S RICH DIR.,VICE CHAIR(AS OF 10/2/22) 2.5 0.0 X 0 0 0 ROBERT A TAYLOR DIRECTOR 2.5 0.0 X 0 0 0 NESTER R WEIGAND JR DIRECTOR (THRU 10/1/22) 2.5 0.0 X 0 0 0 JEFFREY S YASS DIRECTOR (THRU 10/1/22) 2.5 0.0 X 0 0 0 FRED YOUNG DIRECTOR 2.5 0.0 X 0 0 0 2187733 0 255280 55 false true false KNS CONTRACTING LLC 4018 BLACKBURN LANE BURTONSVILLE MD 20866 BUILDING RENOVATION 1119078 COMMUNITY COUNSELLING SERVICES CO 527 MADISON AVE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING 486500 SCHEMA DESIGN LLC 1620 12TH AVE 201 SEATTLE WA 98122 DESIGN SERVICES 299213 PROVOST STUDIO INC 2054 KILDAIRE FARM RD CARY NC 27518 AUDITORIUM DESIGN 238202 KRISTI KENDALL CO INC 135 EASTERN PARKWAY 6G BROOKLYN NY 11238 CONSULTING SERVICES 184000 7 55743874 7333890 55743874 CONFERENCES 900099 45784 45784 45784 1483765 1483765 0 18331 18331 0 0 0 45026 38437 6589 6589 6589 0 0 0 0 0 0 304013 248773 55240 55240 OTHER INCOME 900099 311249 0 311249 SPLIT INTEREST 900099 1727 0 1727 312976 57666559 101024 0 1821661 82800 82800 0 50954 50954 0 914286 175799 413274 325213 0 16480038 14066830 908205 1505003 883889 754658 46821 82410 1308122 1095826 76623 135673 1234120 1010159 92604 131357 0 205936 75800 130136 51155 51155 0 494000 494000 0 1716379 1425291 199283 91805 282861 266333 6046 10482 2752318 1831595 51615 869108 1224266 994108 116947 113211 0 1418811 1040025 210657 168129 1390430 1102710 41703 246017 0 1649226 1365479 149798 133949 1216 962 97 157 0 981779 776781 78516 126482 140137 110876 11207 18054 IMPAIRMENT OF ASSET FOR SALE 2925000 0 2925000 0 HONORARIUM 555527 555527 0 0 MISCELLANEOUS 417075 218127 188144 10804 DUES AND SUBSCRIPTIONS 329088 239653 65692 23743 228602 141622 86980 37718015 27381915 5763523 4572577 X 1283517 815576 0 467941 1501191 227925 40142541 44068161 2584077 4903588 11462 9902 0 0 0 0 0 0 254069 484716 494443 480593 53809976 21569164 29548093 32240812 40995491 50094738 0 0 0 0 0 0 1312791 2536774 116844158 135047209 1950640 2129344 0 0 550741 110822 0 0 0 0 0 0 0 0 0 0 182427 65838 2683808 2306004 X 103347362 123630123 10812988 9111082 114160350 132741205 116844158 135047209 19948544 -1367689 X false true X true false X 28389412 30481359 41647052 44266356 55743874 200528053 0 0 28389412 30481359 41647052 44266356 55743874 200528053 30377352 170150701 1004443 1202987 912951 1082623 1502096 5705100 0 294907 122653 151176 156326 312976 1038038 207271191 2755754 0.82091 0.80931 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3241039 -188046 40242 3012751 3252347 31036 42344 3241039 3028158 264512 40298 25 3252347 3019180 125240 116262 3028158 3000079 133831 114730 3019180 1.00000 false false 9656037 9656037 38930737 16539082 22391655 0 0 2645142 2495678 149464 2578060 2534404 43656 32240812 0 CAPITAL LEASE OBLIGATION 30263 CHARITABLE GIFT ANNUITY 35575 65838 X 56999208 -1367689 451565 -916124 57915332 -248773 -248773 57666559 38418353 451565 248773 700338 37718015 37718015 SCHEDULE D, PART V, LINE 4: To support the operational costs of Cato's Robert A. Levy Center for Constitutional Studies and Cato's Center for Monetary and Financial Alternatives through the annual earnings of the endowment net assets. SCHEDULE D, PART X, LINE 2: CATO IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND HAS BEEN DESIGNATED BY THE INTERNAL REVENUE SERVICE AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A)(1) OF THE CODE. ALTHOUGH CATO IS GENERALLY EXEMPT FROM INCOME TAX, CATO IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES UNDER SECTION 512 OF THE CODE, AS WELL AS SUBJECT TO EXCISE TAX ON EXCESS LOBBYING EXPENSES. 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 RELATED TO INCOME TAXES ON UNCERTAIN TAX POSITIONS IN MANAGEMENT AND GENERAL EXPENSES ON THE STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS AND ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. NO INTEREST EXPENSE AND PENALTIES RELATED TO INCOME TAXES ON UNCERTAIN TAX POSITIONS WERE RECOGNIZED FOR THE YEARS ENDED MARCH 31, 2023 AND 2022. CATO FILES INCOME TAX RETURNS IN THE U.S FEDERAL JURISDICTION. IN ACCORDANCE WITH FASB ASC 740 INCOME TAXES, CATO RECOGNIZES TAX LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL NOT BE SUSTAINED UPON EXAMINATION AND SETTLEMENT WITH VARIOUS TAXING AUTHORITIES. LIABILITIES FOR UNCERTAIN TAX POSITIONS ARE MEASURED BASED UPON THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. WITH A FEW EXCEPTIONS, CATO IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE FISCAL YEAR 2020. MANAGEMENT HAS EVALUATED CATO'S TAX POSITIONS AND HAS CONCLUDED THAT CATO HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. SCHEDULE D, PART XI, LINE 4D - OTHER ADJUSTMENTS: COST OF SALES -248,773 SCHEDULE D, PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 248,773 true Central America and the Caribbean 0 0 Program Services Comm & External Affair 6900 Central America and the Caribbean 0 0 Program Services Educational Programs 1254 East Asia and the Pacific 0 0 Program Services Public Pol & Research 2750 Europe (Including Iceland and Greenland) 0 0 Program Services Educational Programs 9295 Europe (Including Iceland and Greenland) 0 3 Program Services Public Pol & Research 256438 Middle East and North Africa 0 0 Program Services Educational Programs 6733 North America 0 0 Program Services Public Pol & Research 2150 Russia and the Newly Independent States 0 0 Program Services Educational Programs 9509 Russia and the Newly Independent States 0 0 Grantmaking 50954 South America 0 0 Program Services Public Pol & Research 64046 South America 0 0 Program Services Educational Programs 1391 South Asia 0 0 Program Services Public Pol & Research 3250 South Asia 0 0 Program Services Educational Programs 2607 Sub-Saharan Africa 0 0 Program Services Educational Programs 500 0 3 0 3 417777 417777 FELLOWSHIP Russia and the Newly Independent States 1 50954 WIRE TRANSFR FMV false false false false false true SCHEDULE F, PART I, LINE 2: PROGRAMS ARE SUPERVISED BY PROJECT MANAGERS WHO PROVIDE OVERSIGHT, APPROVE PAYMENTS, AND PROVIDE AN ACCOUNTING OF FUNDS SPENT. Schedule F, Part IV, Line 6: A Lebanese college student, who attended school in the U.S., participated remotely in our Summer 2022 internship program. X X X X true COMMUNITY COUNSELLING SERVICES CO 527 MADISON AVENUE NEW YORK NY 10022 FUNDRAISING CONSULTING false 0 494000 0 0 494000 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI true AMERICAN INSTITUTE FOR ECONOMIC RESEARCH 250 DIVISION ST GREAT BARRINGTON MA 01230 042121305 501(C)(3) 20000 N/A N/A EVENT SUPPORT AMERICAN LEGISLATIVE EXCHANGE COUNCIL 2900 CRYSTAL DR 6TH FL ARLINGTON VA 22202 520140979 501(C)(3) 12000 N/A N/A GENERAL SUPPORT AMERICA'S FUTURE FOUNDATION 1633 CT AVE STE 300 WASHINGTON DC 20009 521928321 501(C)(3) 17500 N/A N/A GENERAL SUPPORT STUDENTS FOR LIBERTY 1750 TYSONS BLVD STE 1500 MCLEAN VA 22102 943435899 501(C)(3) 13300 N/A N/A EVENT SUPPORT YORK COLLEGE OF PENNSYLVANIA 441 COUNRTY CLUB ROAD YORK PA 17403 231352698 501(C)(3) 20000 N/A N/A GENERAL SUPPORT 5 SCHEDULE I, PART I, LINE 2: PROGRAMS ARE SUPERVISED BY PROJECT MANAGERS WHO PROVIDE OVERSIGHT, APPROVE PAYMENTS, AND PROVIDE AN ACCOUNTING OF FUNDS SPENT. X X X X false false false false false false false false false PETER GOETTLER PRESIDENT & CEO 568571 0 0 0 0 0 33550 0 910 0 603031 0 0 0 MARISSA DELGADO SECRETARY, VP, FINANCE & CFO 196839 0 15000 0 0 0 15564 0 18966 0 246369 0 0 0 DAVID BOAZ EXECUTIVE VP (THRU 04/18/22) 211060 0 0 0 0 0 15075 0 8013 0 234148 0 0 0 STEPHEN KURTZ VP, CHIEF DIGITAL OFFICER 287426 0 0 0 0 0 18902 0 17892 0 324220 0 0 0 LESLEY ALBANESE SR VP, INITIATIVES 246641 0 0 0 0 0 17487 0 7387 0 271515 0 0 0 NORBERT MICHEL VP,DIRECTOR,MONETARY&FINANCIAL 219881 0 7500 0 0 0 16625 0 18833 0 262839 0 0 0 SCOTT LINCICOME VP, GENERAL ECONOMICS & TRADE 213607 0 0 0 0 0 15256 0 18953 0 247816 0 0 0 CLARK NEILY SR VP FOR LEGAL STUDIES 219208 0 2000 0 0 0 13034 0 18833 0 253075 0 0 0 X 48 2033890 FMV X 1 5300000 Appraisal 1 false true true SCHEDULE M, PART I, COLUMN(B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 32B: THE ORGANIZATION COMMISSIONED A REAL ESTATE FIRM TO ASSIST IN SALE OF DONATED REAL PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B: PROCESS USED TO REVIEW FORM 990: A DRAFT 990 IS PROVIDED TO EACH MEMBER FOR REVIEW AND COMMENT PRIOR TO FINALIZATION. FORM 990, PART VI, SECTION B, LINE 12C: MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY: CATO ANNUALLY REVIEWS CONFLICT OF INTEREST DISCLOSURES. IF A POTENTIAL CONFLICT OF INTEREST ARISES, THE CONFLICTS PANEL WILL PERFORM AN INVESTIGATION. THE CONFLICTS PANEL DETERMINES IF IN FACT A FAILURE TO DISCLOSE A CONFLICT HAS OCCURRED AND THE PANEL WILL TAKE APPROPRIATE AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A: PROCESS FOR DETERMINING COMPENSATION: AN INDEPENDENT CONTRACTOR REVIEWS THE COMPENSATION/BENEFITS OF THE PRESIDENT. THE BOARD DISCUSSES AND APPROVES EXECUTIVE COMPENSATION/BENEFITS BASED ON RESULTS OF THE INDEPENDENT STUDY. FORM 990, PART VI, SECTION C, LINE 19: HOW THE ORGANIZATION MAKES ORGANIZING DOCUMENTS AVAILABLE TO THE PUBLIC: CATO'S BYLAWS, ARTICLES OF INCORPORATION, FINANCIAL STATEMENTS 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.