2024-02-08T17:16:41-06:00 2023-09-30 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2022-10-01 953298239 THE REASON FOUNDATION REAS 3107408579 5737 MESMER AVENUE LOS ANGELES CA 90230 DAVID NOTT PRESIDENT & CEO 3107408579 2024-02-07 1 DAVID NOTT 999009999 1 LIZBETH G NEVAREZ P01399868 3108731600 2024-02-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID NOTT 5737 MESMER AVENUE LOS ANGELES CA 90230 16923865 0 X WWW.REASON.ORG X 1978 CA ADVANCE A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES. 20 18 103 20 103652 0 13798378 13818095 1124817 1003629 183098 514953 126723 120270 15233016 15456947 80000 355602 0 0 9149313 10529882 0 0 1536409 5751617 6622003 14980930 17507487 252086 -2050540 17225914 19398270 2590843 5953024 14635071 13445246 X REASON FOUNDATION ADVANCES A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES, INCLUDING INDIVIDUAL LIBERTY, FREE MARKETS, AND THE RULE OF LAW. WE USE JOURNALISM AND PUBLIC POLICY RESEARCH TO INFLUENCE THE FRAMEWORKS AND ACTIONS OF POLICYMAKERS, JOURNALISTS, AND OPINION LEADERS. 0 0 6049934 741214 PROMOTING FREE MINDS AND FREE MARKETS SINCE 1968- 11 ISSUES PUBLISHED ONLINE AND IN PRINT- MORE THAN 1,500 ONLINE EXCLUSIVE ARTICLES - 52,000 PAID/REQUESTED COPIES - AVERAGE OF 3 MILLION USER VISITS PER MONTH AT REASON.COM - SPECIALIZED ONLINE NEWSLETTERS ON GOVERNMENT OVERREACH, ECONOMICS, URBAN POLICY, MEDIA, AND BREAKING NEWS 5948077 355602 262415 REASON WORKS WITH MOTIVATED POLICYMAKERS TO DEVELOP AND IMPLEMENT MARKET-BASED REFORMS THAT ARE A MODEL FOR REFORM-MINDED POLICYMAKERS AT ALL LEVELS OF GOVERNMENT. OUR PENSION INTEGRITY PROJECT EDUCATES POLICYMAKERS AND TAXPAYERS ON PENSION REFORM. WE PRODUCED FIVE MAJOR TECHNICAL ANALYSES THAT FOCUS ON THE SOLVENCY OF PUBLIC EMPLOYEE RETIREMENT SYSTEMS IN ARIZONA, NORTH CAROLINA, NEW MEXICO, MISSISSIPPI, AND ARKANSAS, AS WELL AS POLICY BRIEFS THAT ADDRESS REDUCED PUBLIC SAFETY BUDGETS, VOLATILE INVESTMENT RETURNS, AND THE IMPACT OF COVID-19 ON PUBLIC PENSIONS. WE EDUCATED LEGISLATORS IN THOSE STATES VIA STUDIES, DIRECT OUTREACH, AND MORE THAN 70 TOPICAL COMMENTARIES. DRAWING ON DECADES OF RESEARCH ON THE BENEFITS OF SCHOOL CHOICE, REASON'S EDUCATION TEAM IS A LEADING VOICE IN PROMOTING NEW MODELS SUCH AS MICROSCHOOLS, ONLINE CHARTERS, BACKPACK FUNDING, AND OTHER OPTIONS THAT ENCOURAGE STUDENT ACHIEVEMENT AND ADVANCE THE FREEDOM TO INNOVATE IN EDUCATION. WE ARE ADVISING POLICYMAKERS AND ALLIES IN MORE THAN 20 STATES ON VIRTUAL SCHOOLING, SCHOOL FINANCE, AND SAFETY. OUR TRANSPORTATION TEAM IS ASSESSING THE CHANGES THAT THE PANDEMIC HAS MADE IN TRANSPORTATION USAGE, CALLING FOR GREATER DECENTRALIZATION AND A REEVALUATION OF HEAVILY SUBSIDIZED TRANSIT PROJECTS. REASON'S DRUG POLICY TEAM IS HELPING STATES BETTER UNDERSTAND POTENTIAL PITFALLS IN REGULATING LEGAL RECREATIONAL CANNABIS MARKETS AND PROVIDING SUPPORT TO POLICYMAKERS SEEKING TO FIX THE CHALLENGES OF LEGALIZATION. 2816621 "PROMOTING FREE MINDS AND FREE MARKETS THROUGH ONLINE VIDEO JOURNALISM.- 466 VIDEOS PRODUCED- AVERAGE OF 5,120,000 VIDEOS PLAYED EACH MONTHPODCASTSREASON PRODUCES MULTIPLE PODCASTS INCLUDING; THE REASON ROUNDTABLE, A WEEKLY DISCUSSION OF THE WEEK'S BIGGEST STORIES AND THEIR CONNECTION TO THE IDEAS OF FREE MINDS AND FREE MARKETS; THE REASON INTERVIEW WITH NICK GILLESPIE, A WEEKLY CONVERSATION WITH INNOVATIVE AND INTERESTING THINKERS FROM A VARIETY OF DISCIPLINES; AND THE MONTHLY SOHO FORUM DEBATES, FEATURING PUBLIC INTELLECTUALS FACING OFF OVER CONTROVERSIAL ISSUES. A NEWLY ADDED PODCAST, THE BEST OF REASON MAGAZINE, USES AI TO SIMULATE EDITOR-IN-CHIEF KATHERINE MANGU-WARD READING A WEEKLY SELECTION FROM REASON - AVERAGE OF 530,000 DOWNLOADS PER MONTH 556432 REASON FOUNDATION PUBLISHES RESEARCH AND JOURNALISM AND ENGAGES IN EDUCATIONAL OUTREACH FROM A LIBERTARIAN PERSPECTIVE TO POLICYMAKERS, RELEVANT STAKEHOLDERS, AND THE GENERAL PUBLIC.- 21,000 ARTICLES CITING REASON EXPERTS- 3,200 MEDIA APPEARANCES BY REASON EXPERTS- 77 LEGISLATIVE TESTIMONIES- 33 POLICY STUDIES- 200 POLICY COMMENTARIES AND OP-EDS- 11 SURFACE TRANSPORTATION INNOVATIONS NEWSLETTERS & AIR SECURITY NEWSLETTERS- 11 AIR TRAFFIC CONTROL NEWSLETTERS- 12 PENSION REFORM NEWSLETTERS- 12 FUNDING EDUCATION OPPORTUNITY NEWSLETTERS- 4 REASON REPORT DONOR NEWSLETTERS 556432 15371064 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 80 0 1 103 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AR FL GA HI IL KS KY ME MD 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819028 1228542 51279 0 0 51279 81703 30424 51279 65305 30424 14026 81703 55571 14025 4291 65305 61378 2000 4291 12098 55571 0.00000 1.00000 0.00000 0 0 1908473 1908473 1018670 405523 613147 255574 1049 254525 436686 287468 149218 2925363 DEFERRED COMPENSATION 1207874 OPERATING LEASE LIABILITY 2945328 4153202 X 16425515 860715 107853 968568 15456947 0 15456947 17615340 107853 107853 17507487 0 17507487 PART V, LINE 4: THE ENDOWMENT FUND WILL BE USED TO SUPPORT OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB'S) ACCOUNTING STANDARDS CODIFICATION TOPIC NO. 740, UNCERTAINTY IN INCOME TAXES, THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED SEPTEMBER 30, 2023, THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. 1 EQUABLE 2807 JACKSON AVE LONG ISLAND CITY NY 11101 823988188 501(C)(3) 280000 0 JOINT WORK ON PROJECTS RELATED TO PUBLIC SECTOR DEBT FLORIDA POLICY PROJECT 9800 4TH STREET SUITE 200 ST PETERSBURG FL 33702 883665324 501(C)(3) 75602 0 FISCALLY SPONSORED PROJECT ACHIEVED 501C3 STATUS 2 0 PART I, LINE 2: EQUABLE IS A SUBAWARDEE AS SPECIFIED IN OUR GRANT AGREEMENT WITH THE BILL AND MELINDA GATES FOUNDATION. THE SUBAWARDEE (EQUABLE) FREQUENTLY COORDINATES AND DOES JOINT WORK WITH REASON ON PROJECTS RELATED ON PUBLIC SECTOR DEBT. EQUABLE'S SCOPE OF WORK WILL LEVERAGE THEIR COMPARATIVE ADVANTAGE RELATED TO EDUCATION RESOURCE AND STATEHOLDER ENGAGEMENT WHILE REASON'S SHARE OF THE "OFFICE HOURS" WORK WILL LEAD INTO OUR COMPARATIVE ADVANTAGE IN TECHNICAL ANALYSIS AND ENGAGING STATE LEADERS AND STAKEHOLDERS TO MOTIVATE CHANGE. X X X X 0 1 0 0 0 0 0 1 0 DAVID NOTT PRESIDENT, CEO 337948 0 75000 0 0 0 105000 0 7709 0 525657 0 0 0 ROBERT POOLE FOUNDER, DIRECTOR OF TRANSPORTATION 210833 0 20000 0 0 0 0 0 360 0 231193 0 0 0 NICHOLAS GILLESPIE EDITOR AT LARGE 207014 0 20000 0 0 0 0 0 7709 0 234723 0 0 0 ADRIAN T MOORE VICE PRESIDENT POLICY 166122 0 55000 0 0 0 0 0 17562 0 238684 0 0 0 KATHERINE MANGU-WARD VICE PRESIDENT/EDITOR-IN-CHIEF 176667 0 40000 0 0 0 0 0 393 0 217060 0 0 0 JONATHAN GRAFF CHIEF FINANCIAL OFFICER 158402 0 55000 0 0 0 0 0 17562 0 230964 0 0 0 LEONARD GILROY VICE PRESIDENT GOVERNMENT REFORM 151454 0 60000 0 0 0 0 0 7680 0 219134 0 0 0 MICHAEL ALISSI VICE PRESIDENT, OPERATIONS 143356 0 50000 0 0 0 0 0 17543 0 210899 0 0 0 JACQUELINE PYKE DIRECTOR OF DEVELOPMENT 136000 0 20000 0 0 0 0 0 319 0 156319 0 0 0 MELISSA MANN DIRECTOR OF DONOR COMMUNICATIONS 124163 0 20000 0 0 0 0 0 7618 0 151781 0 0 0 MATTHEW WELCH EDITOR AT LARGE 112291 0 25000 0 0 0 0 0 17429 0 154720 0 0 0 PART I, LINE 4B DAVID NOTT, PRESIDENT AND CEO, PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. DURING THE YEAR ENDED SEPTEMBER 30, 2023, THE FOUNDATION DEPOSITED $105,000 INTO THE 457(F) PLAN. PART I, LINE 7 OFFICERS BONUSES ARE DETERMINED BY THE FINANCE COMMITTEE AS PART OF THE TOTAL COMPENSATION REVIEW THAT THEY DO BY REVIEWING A REPORT OF 990S FROM A SELECT GROUP OF OTHER CHARITIES. X 13 254466 FMV X FURNITURE 1 7500 FMV X CRYPTOCURRENCY 1 2153 DONATED VALUE 1 0 0 0 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF DONOR CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING WITH THE IRS THE DRAFT 990 WILL BE EMAILED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW, FEEDBACK WILL BE PROVIDED TO THE CFO. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS OF THE FOUNDATION WILL COMPLETE A FORM TO CERTIFY THAT THERE ARE NO EXISTING CONFLICTS. IF THERE ARE ANY CHANGES TO THAT STATUS THEY WILL COMPLETE AND SUBMIT ANOTHER FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA WAS ASSEMBLED FROM PUBLIC 990 FILINGS FOR SIMILAR POSITIONS WITHIN OTHER NONPROFIT ORGANIZATIONS AND PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WITH RECOMMENDATIONS FOR COMPENSATION. THE FINANCE COMMITTEE THEN DISCUSSED AND APPROVED COMPENSATION IN AN EXECUTIVE COMMITTEE MEETING OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST THE DOCUMENTS WILL BE MAILED OR E-MAILED TO THE REQUESTING PARTY. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 2,279,614. MANAGEMENT AND GENERAL EXPENSES 907. FUNDRAISING EXPENSES 15,131. TOTAL EXPENSES 2,295,652. MARKETING CONTRACTORS: PROGRAM SERVICE EXPENSES 393,017. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 393,017.