2025-11-15T10:55:02-06:00 2024-12-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2024-01-01 237327730 THE HERITAGE FOUNDATION HERI 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 KEVIN D ROBERTS PRESIDENT 2025464400 2025-11-15 1 0 KELLI PECK P01423033 3217516200 2025-11-14 2024 2025-03-06 01:10:19Z KEVIN D ROBERTS 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 147027845 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. 16 15 557 15 -104197 0 97801739 106031026 83247 69247 2593654 26888137 484710 879737 100963350 133868147 1660000 9046150 0 0 49494451 53061340 2174817 2448187 20208279 54409909 77644858 107739177 142200535 -6775827 -8332388 415053399 413819868 67369575 80258948 347683824 333560920 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 50089211 8665000 69247 EDUCATIONAL PROGRAMS AND COMMUNICATIONS:THE HERITAGE FOUNDATION (THE FOUNDATION) HOSTS EVENTS AND SPONSORS PROGRAMS TO EDUCATE POLICYMAKERS, GOVERNMENT OFFICIALS, THE ACADEMIC COMMUNITY, JOURNALISTS, AND THE GENERAL PUBLIC ON TOPICS RANGING FROM THE CONSTITUTION AND CIVIL SOCIETY TO POLITICAL PHILOSOPHY AND LEGAL JURISPRUDENCE.IN 2024, A STRATEGY FORUM WAS HELD THAT CONVENED 200 MOVEMENT LEADERS AND EXPERTS IN POLICY RESEARCH, STRATEGY, AND COMMUNICATION TO EXCHANGE ACTIONABLE INSIGHTS, DEVELOP STRATEGIC PLANS, AND STRENGTHEN COLLABORATION ON KEY PRIORITIES SHAPING THE CONSERVATIVE MOVEMENT.THE FOUNDATION'S EVENTS AND PROGRAMMING TEAM PRODUCED 56 PUBLIC EVENTS, ATTRACTING OVER 11,000 VIRTUAL AND IN-PERSON ATTENDEES. OVER 160 INDIVIDUALS IN AND OUTSIDE THE ORGANIZATION SPOKE ON OUR PUBLIC STAGE. SPEAKERS INCLUDED CURRENT AND FORMER GOVERNMENT OFFICIALS. PROGRAMS WERE FOCUSED ON A RANGE OF POLICY ISSUES INCLUDING FOREIGN POLICY, EDUCATION, MARRIAGE AND FAMILY, IMMIGRATION, ENERGY, AND MORE.THE INTERN PROGRAM HOSTED A TOTAL OF 167 INTERNS IN A FULLY IMMERSIVE WORK-STUDY EXPERIENCE THAT INCLUDED FIRST PRINCIPLES AND POLICY LECTURES, PROFESSIONAL DEVELOPMENT SESSIIONS, AND FIELD TRIPS.THE FOUNDATION'S PEOPLE PIPELINE TRAINED OVER 2,000 ACADEMY ENROLLEES FROM 50 STATES AND 40+ COUNTRIES, HOSTED 150+ COLLEGE INTERNS, AND WELCOMED 31 HIGH SCHOOL FELLOWS. 48914924 25150 PUBLIC POLICY RESEARCH:THE FOUNDATION PRODUCES RESEARCH PAPERS ANNUALLY, INCLUDING ISSUE BRIEFS, BLOG POSTS, FACT SHEETS, BACKGROUNDERS, GUIDES, AND BOOKS ADDRESSING A BROAD RANGE OF ECONOMIC, DOMESTIC, FOREIGN, NATIONAL SECURITY, AND LEGAL POLICY ISSUES. THE FOUNDATION PUBLISHED 33 ISSUE BRIEFS, 66 BACKGROUNDERS, 20 LEGAL MEMORANDA, 20 FACTSHEETS AND 27 SPECIAL REPORTS. THE FOUNDATION ALSO REGULARLY PUBLISHES CONTENT ACROSS SOCIAL MEDIA PLATFORMS AS THE PUBLIC HAS SHIFTED ITS CONTENT AND CONSUMPTION TO THOSE CHANNELS. THE SOCIAL MEDIA FOOTPRINT GREW TO 3.3 MILLION TOTAL FOLLOWERS, INCLUDING 1.9 MILLION ON FACEBOOK, 720,000 ON X, 424,000 YOUTUBE SUBSCRIBERS, AND 262,000 ON INSTAGRAM. THE ASIAN STUDIES CENTER PRODUCED 21 REPORTS, 40+ OP-EDS, AND HOSTED 22 EVENTS TO COUNTER CHINA'S INFLUENCE, WHILE THE TECH POLICY CENTER SUPPORTED MULTIPLE STATE-LEVEL BIG TECH INVESTIGATIONS.THE FOUNDATION'S PROJECT 2025 PRESIDENTIAL TRANSITION PROJECT GARNERED MILLIONS OF PAGE VIEWS AND DOWNLOADS OF THE MANDATE FOR LEADERSHIP, REPRESENTING OVER 100 CONSERVATIVE ORGANIZATIONS AND SPARKING 50 PLUS FACT CHECKS IN MAJOR MEDIA OUTLETS.DURING 2024, A PERSONAL INFLATION CALCULATOR WAS RELEASED THAT ATTRACTED 140,000 VISITS IN ITS FIRST MONTH, WITH MENTIONS REACHING NEARLY 900,000. THE ELECTION INTEGRITY SCORECARD DOCUMENTED 1,600 PROVEN CASES OF ELECTION FRAUD AND SAW 27 STATES IMPROVE THEIR ELECTION LAWS SINCE 2021. THE ELECTION FRAUD MAP GENERATED 145,000 PAGE VIEWS, ENHANCING PUBLIC ACCESS TO CRITICAL DATA. THE EDUCATION FREEDOM REPORT CARD NOTED 25 STATES ENHANCING THEIR RANKINGS SINCE 2022, WITH 11 STATES ACHIEVING UNIVERSAL EDUCATION CHOICE. 18343317 356000 MEDIA, GOVERNMENT RELATIONS, AND OUTREACH:THE 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 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 2024, THE GOVERNMENT RELATIONS TEAM HELD 194 MEETINGS WITH CONGRESSIONAL STAFF AND SAW 32 MEMBERS OF CONGRESS PARTICIPATE IN EVENTS, WHILE CONDUCTING 72 EDUCATIONAL MEETINGS WITH HILL STAFF AND 18 NONPARTISAN CANDIDATE BRIEFINGS.IN 2024, THE FOUNDATION AMPLIFIED ITS NATIONAL PRESENCE WITH 1,983 TV HITS, 2,325 RADIO HITS, 158 PODCAST APPEARANCES, AND 870 OP-EDS PLACED, SHAPING PUBLIC DISCOURSE COAST TO COAST.THE FOUNDATION REACHED 34 MILLION AMERICANS AND NON-PARTISAN VOTER REGISTRATION EFFORTS ENGAGED 85,000 HOMES AND 25,000 VOTERS.THE FOUNDATION HOSTED OR SPONSORED 128 EVENTS ACROSS 28 STATES AND 40 COUNTRIES, REACHING OVER 228,000 CONSERVATIVES IN-PERSON, AND INVESTED $1.1 MILLION IN 72 PARTNER ORGANIZATIONS.THE OVERSIGHT PROJECT WORKS FOR A U.S. GOVERNMENT THAT IS RESPONSIBLE, AND ACCOUNTABLE TO ITS CITIZENS. IN 2024, 65,000 FREEDOM OF INFORMATION ACT (FOIA) REQUESTS WERE FILED WITH THE CURRENT ADMINISTRATION IN ADDITION TO VARIOUS STATE GOVERNMENTS. IN ADDITION, A TOTAL OF 100 LAWSUITS WERE LAUNCHED NATIONWIDE, EXPOSING GOVERNMENT ACTIVITIES AND DRIVING ACCOUNTABILITY.ADDITIONAL INFORMATION IS AVAILABLE IN OUR 2024 ANNUAL REPORT, AVAILABLE ONLINE AT HTTPS://WWW.HERITAGE.ORG/ARTICLE/THE-HERITAGE-FOUNDATIONS-FINANCIAL-INFORMATION. 117347452 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 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 1 282 0 1 557 1 1 1 0 0 0 0 1 1 1 2 0 0 0 0 0 X 16 15 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 ND NH NJ NM NY OK OR PA RI SC TN UT VA WI WV X RIGG MOHLER 2025464400 214 MASSACHUSETTS AVE NE WASHINGTON DC 200024958 KEVIN ROBERTS PRESIDENT 32.00 8.00 X X 682571 170642 97332 BARB VAN ANDEL-GABY CHAIRMAN 2.00 0.00 X 0 0 0 MICHAEL W GLEBA VICE CHAIRMAN 2.00 0.00 X 0 0 0 LARRY P ARNN PHD TRUSTEE 1.00 0.00 X 0 0 0 JOHN COLEMAN TRUSTEE 1.00 0.00 X 0 0 0 EDWIN J FEULNER PHD TRUSTEE 1.00 0.00 X 0 0 0 ROBERT P GEORGE TRUSTEE 1.00 0.00 X 0 0 0 RYAN HAGGERTY TRUSTEE 1.00 0.00 X 0 0 0 PRICE HARDING TRUSTEE 1.00 0.00 X 0 0 0 VIRGINIA HECKMAN TRUSTEE 1.00 0.00 X 0 0 0 MARK A KOLOKOTRONES TRUSTEE 1.00 0.00 X 0 0 0 SHANE MCCULLAR TRUSTEE 1.00 0.00 X 0 0 0 EDWIN MEESE III TRUSTEE 2.00 0.00 X 36000 0 0 REBEKAH A MERCER TRUSTEE 1.00 1.00 X 0 0 0 ABBY SPENCER MOFFAT TRUSTEE 1.00 0.00 X 0 0 0 NERSI NAZARI PHD TRUSTEE 2.00 2.00 X 0 0 0 DARRYLE OWENS TRUSTEE 1.00 1.00 X 0 0 0 ANTHONY J SALIBA TRUSTEE 1.00 0.00 X 0 0 0 BRIAN TRACY TRUSTEE 1.00 0.00 X 0 0 0 DERRICK MORGAN EXECUTIVE VICE PRESIDENT 39.00 1.00 X 545991 0 103490 ERIC KORSVALL CHIEF OPERATING OFFICER 39.00 1.00 X 444117 0 88644 JOHN BACKIEL VP, FINANCE, ACCOUNTING & TREASURER 39.00 1.00 X 313985 0 78088 DAN MAULER GENERAL COUNSEL & SECRETARY 28.00 12.00 X 262036 112301 44500 ANDREW OLIVASTRO CHIEF ADVANCEMENT OFFICER 39.00 1.00 X 368437 0 86078 ROBERT BLUEY VP, COMMUNICATIONS 24.00 16.00 X 184576 124883 77658 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 40.00 0.00 X 310173 0 77082 ROGER SEVERINO VP, DOMESTIC POLICY 40.00 0.00 X 351528 0 71392 ROBERT BARRO DISTINGUISHED FELLOW 40.00 0.00 X 357723 0 17250 BRIDGETT WAGNER ED, THE FEULNER INSTITUTE 40.00 0.00 X 289760 0 69768 4146897 407826 811282 157 0 1 0 DPR CONSTRUCTION 1450 VETERANS BLVD REDWOOD CITY CA 94063 CONSTRUCTION 8916586 ASSOCIATED PROTECTIVE SERVICES 6400 SHAFER CT STE 200 ROSEMONT IL 60018 PROTECTION & SECURITY 1513065 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVE MESA AZ 85210 CONSULTANTS ON FUNDRAISING 1511048 ORACLE AMERICA INC 500 ORACLE PKWY REDWOOD CITY CA 94065 IT SERVICES 1438606 MOORE RESPONSE MANAGEMENT GROUP 100 JAMISON CT HAGERSTOWN MD 21740 MAILING CONTACT MGMT 1302266 98 106031026 2335513 106031026 MEDIA & PUBLICATION 513190 69247 69247 69247 3300992 -164221 3465213 51245 51245 739156 1734344 -995188 -995188 -995188 35012499 10936260 489094 24076239 -489094 23587145 23587145 OTHER INCOME 900099 1763656 1763656 PARKING LOTS 812930 51604 51604 ADVERTISING 541800 8420 8420 1823680 133868147 69247 -104197 27872071 X 8721150 8721150 325000 325000 5677021 4753869 119384 803768 37325719 31322927 706937 5295855 2222147 1835728 70831 315588 4840968 4028456 147039 665473 2995485 2474589 95479 425417 7468315 6543864 616301 308150 101734 84144 3280 14310 52817 52817 2448187 2448187 577213 476840 18398 81975 19229181 18022595 755041 451545 7526194 5480439 600311 1445444 14266534 11067844 46204 3152486 5070333 3558548 154576 1357209 5100774 4203470 548226 349078 2751497 2045857 60437 645203 29916 29916 8051250 6189921 317411 1543918 108310 89476 3452 15382 4901972 4072949 260393 568630 333770 286127 31762 15881 DUES & SUBSCRIPTIONS 1755326 1392276 81131 281919 BOOKS & PRODUCTS 158363 130232 6056 22075 HONORARIA/WRITER'S FEES 143810 143810 OTHER EXPENSES 17549 14608 2155 786 142200535 117347452 4644804 20208279 X 14283731 12187962 0 2095769 2742 1159 39404695 16449379 26864420 23503718 259911 45511 2443323 1553147 170530655 52854707 111328038 117675948 131617233 162568305 97351561 84920302 5781476 7102399 415053399 413819868 9690494 12041905 46815280 57377662 10863801 10839381 67369575 80258948 X 242621488 231014179 105062336 102546741 347683824 333560920 415053399 413819868 X -8332388 -6037075 246559 X X 0 1 X 1 0 X 65877330 75262071 95083025 97801739 106031026 440055191 65877330 75262071 95083025 97801739 106031026 440055191 41027072 399028119 1898026 3131192 2886962 3882323 4091393 15889896 1655442 1705646 2366466 2078058 1823680 9629292 465574379 372971 0.85710 0.78270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 52817 52817 143304848 143357665 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 52817 52817 250000 250000 250000 250000 1000000 1500000 204815269 159115 23733148 14539278 1279488 212888766 195290303 371135 24343309 14292156 897322 204815269 245933731 1301000 -38761532 12180535 1002361 195290303 216474428 448633 40285428 10230554 1044204 245933731 206439566 1345701 19609287 10119068 801058 216474428 0.63870 0.20450 0.15680 0 0 12828701 12828701 146566440 46807568 99758872 5430358 2508822 2921536 5705156 3538317 2166839 117675948 INVESTMENTS IN ALTERNATIVES & LP'S 70940127 F TRUSTS & ANNUITIES 13980175 F 84920302 DEFERRED COMPENSATION PLAN 2879084 SPLIT-INTEREST AGREEMENTS 7960297 10839381 X 129234760 -6037075 246557 -5790518 135025278 577213 -1734344 -1157131 133868147 143357666 1734344 1734344 141623322 577213 577213 142200535 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 FOUNDATION. THE INVESTMENTS IN THE FUND WILL BE MADE TO ADVANCE THE MISSION AND INTERESTS 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 DIRECTORS (THE BOARD), 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 FOUNDATION'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024: 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 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, 2024 AND 2023. 3RD STREET PROPERTIES, LLC, MASSACHUSETTS AVENUE PROPERTIES, LLC, INTERN HOUSING, LLC AND EDUCATION FREEDOM, LLC ARE LIMITED LIABILITY COMPANIES WHOSE SOLE MEMBER IS THE FOUNDATION. CONSEQUENTLY, 3RD STREET PROPERTIES, LLC, MASSACHUSETTS AVENUE PROPERTIES, LLC, INTERN HOUSING, LLC AND EDUCATION FREEDOM, LLC ARE DISREGARDED ENTITIES FOR FEDERAL AND STATE INCOME TAX PURPOSES. THE DAILY SIGNAL INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(A), AS AN ENTITY DESCRIBED IN 501(C)(3) OF THE INTERNAL REVENUE CODE. 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 703,608. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -457,051. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES REPORTED ON PART VIII LINE 6B -1,734,344. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RENTAL ACTIVITIES REPORTED ON PART VIII LINE 6B 1,734,344. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 23262 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 101657 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 12387 NORTH AMERICA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 2363 SOUTH AMERICA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 1972 SOUTH ASIA 0 0 PROGRAM SERVICE RESEARCH, MEDIA & GOVERNMENT RELATIONS, AND EDUCATION 821 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 23028753 0 1 0 0 0 1 23171215 0 23171215 1 0 0 1 1 0 X X X X 1 DICKERSON BAKKER & ASSOCIATES 7511 MOURNING DOVE ROAD STE 102 RALEIGH NC 27615 CONSULTANTS ON DIRECT MAIL PROGRAM 0 11564792 813349 10751443 NEXT AFTER LLC 5810 TENNYSON PARKWAY STE 102 PLANO TX 75024 CONSULTANTS ON DIRECT MAIL PROGRAM 0 7062735 481979 6580756 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVENUE MESA AZ 85210 CONSULTANTS ON FUNDRAISING 0 5841132 1511048 4330084 THREE CREATIVE INC 10211 WINCOPIN CIRCLE 100 COLUMBIA MD 21044 CONSULTANTS ON DIRECT MAIL PROGRAM 0 346907 123791 223116 24815566 2930167 21885399 AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN VA WA WI WV 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: DICKERSON, BAKKER & ASSOCIATES LLC POSTAGE: $8,683 PRINTING: $38,557 TRAVEL: $3,628 NAME OF FUNDRAISER: MDS COMMUNICATIONS CORPORATION POSTAGE: $9,286 LIST RENTAL: $12,618 PRINTING: $57,226 TRAVEL: $1,268 NAME OF FUNDRAISER: NEXT AFTER, LLC LIST RENTAL: $603,000 ADVERTISING: $309,300 1 170 FREEDOM MILWAUKEE 2024 HOST COMMITTEE INC 275 W WISCONSIN AVE SUITE 400 MILWAUKEE WI 53203 882051288 501(C)(3) 1000000 0 REPUBLICAN NATIONAL CONVENTION AMERICAN ACCOUNTABILITY FOUNDATION 300 INDEPENDENCE AVE SE WASHINGTON DC 20003 854391204 501(C)(3) 100000 0 INNOVATION PRIZE AMERICAN ASSOC OF PRO-LIFE OBSTETRICIANS & GYNECOLOGISTS 1025 WEST RUDISILL BLVD FT WAYNE IN 46807 237347367 501(C)(3) 100000 0 INNOVATION PRIZE AMERICAN MOVEMENT FOUNDATION 2340 DULLES CORNER BLVD SUITE 1000 HERNDON VA 20171 873862697 501(C)(3) 305000 0 GENERAL OPERATIONS CENTER FOR CHRISTIAN VIRTUE 62 E BROAD STREET COLUMBUS OH 43215 311075684 501(C)(3) 100000 0 INNOVATION PRIZE CLAREMONT INSTITUTE 1317 W FOOTHILL BLVD UPLAND CA 91486 953443202 501(C)(3) 100000 0 INNOVATION PRIZE CONCERNED WOMEN FOR AMERICA 1000 N PAYNE ST ALEXANDRIA VA 22314 953580834 501(C)(3) 150000 0 GENERAL OPERATIONS EDMUND BURKE FOUNDATION INC 300 INDEPENDENCE AVE SE WASHINGTON DC 20003 833008254 501(C)(3) 250000 0 GENERAL OPERATIONS ETHICS AND PUBLIC POLICY CENTER 1730 M STREET NW STE 910 WASHINGTON DC 20036 521162185 501(C)(3) 50000 0 INNOVATION PRIZE FEDS FOR FREEDOM 401 RYLAND ST RENO NV 89502 874126760 501(C)(3) 100000 0 INNOVATION PRIZE FORGE LEADERSHIP NETWORK 707 MIAMISBURG-CENTERVILLE RD 202 DAYTON OH 45459 472275305 501(C)(3) 100000 0 INNOVATION PRIZE HERITAGE ACTION FOR AMERICA 214 MASSACHUSETTS AVE NE STE 400 WASHINGTON DC 20002 272244700 501(C)(4) 200000 0 PUBLIC POLICY EDUCATION IMMIGRATION ACCOUNTABILITY PROJECT 611 PENNSYLVANIA AVE SE 121 WASHINGTON DC 20003 933772296 501(C)(3) 100000 0 INNOVATION PRIZE JOHN LOCKE FOUNDATION 4800 SIX FORKS RD RALIEGH NC 27609 561656943 501(C)(3) 100000 0 INNOVATION PRIZE NEVADA POLICY RESEARCH INSTITUTE 7130 PLACID ST LAS VEGAS NV 89119 880276314 501(C)(3) 25000 0 GENERAL OPERATIONS OKLAHOMA COUNCIL OF PUBLIC AFFAIRS 1401 N LINCOLN BLVD OKLAHOMA CITY OK 73104 731436375 501(C)(3) 100000 0 INNOVATION PRIZE PERSONNEL POLICY OPERATIONS INC 300 INDEPENDENCE AVE SE WASHINGTON DC 20003 881773001 501(C)(3) 500000 0 GENERAL OPERATIONS READY WILLING & WORKING 1451 PENNSYLVANIA AVE SE WASHINGTON DC 20003 262383012 501(C)(3) 40000 0 GENERAL OPERATIONS SAMARITANS PURSE 801 BAMBOO ROAD BOONE NC 28607 581437002 501(C)(3) 50000 0 HURRICANE RELIEF SAVE OUR ALLIES 1506 E FRANKLIN ST SUITE 102 CHAPEL HILL NC 27514 872799910 501(C)(3) 50000 0 HURRICANE RELIEF STATE GOVERNMENT LEADERSHIP FOUNDATION 1201 F ST NW STE 675 WASHINGTON DC 20004 200505849 501(C)(4) 50000 0 PUBLIC POLICY EDUCATION STUDENT FREE PRESS ASSOCIATION 4771 MECHANIC ROAD HILLSDALE MI 49242 272277658 501(C)(3) 100000 0 INNOVATION PRIZE THE DAILY SIGNAL INSTITUTE 20 F STREET NW STE 700 WASHNGTON DC 20001 992370652 501(C)(3) 3500000 0 GENERAL OPERATIONS THE INSTITUTE FOR FAMILY STUDIES 122 E MAIN ST UNIT A CHARLOTTESVILLE VA 22902 270950140 501(C)(3) 50000 0 INNOVATION PRIZE TRUMP VANCE INAUGURAL COMMITTEE INC 1601 FORUM PLACE STE 403 WEST PALM BEACH FL 33401 331881937 501(C)(4) 1000000 0 GENERAL SUPPORT FOR TRUMP INAUGURATION VOTE FOR AMERICA 6501 E BELLEVIEW AVE ENGLEWOOD CO 80111 991165384 501(C)(3) 500000 0 GENERAL OPERATIONS 23 3 ACADEMIC PRIZE 14 230000 SUPPORT FOR BUTLER, PENNSYLVANIA VICTIMS 1 50000 SALVATORI PRIZE FOR AMERICAN CITIZENSHIP 1 40000 SUPPORT FOR FAMILIES 1 5000 PART I, LINE 2: THE FOUNDATION AWARDS THE INNOVATION AND ACADEMIC PRIZES TO FINANCIALLY SUPPORT INNOVATIVE PUBLIC POLICY SOLUTIONS TO THE MOST PRESSING ISSUES FACING AMERICA. THE INNOVATION AND ACADEMIC PRIZES WERE ESTABLISHED TO RECOGNIZE AND ADVANCE INNOVATIVE PROJECTS, STRATEGIES, AND EFFORTS OF ORGANIZATIONS THAT ARE SEEKING TO ENSURE THE FUTURE OF AMERICAN SELF-GOVERNANCE. THE FOUNDATION IS NOT A GRANT-MAKING ORGANIZATION. IF ORGANIZATIONS OR SCHOLARS APPLY FOR PRIZES AND/OR GRANTS, THE REQUESTING ORGANIZATIONS ARE RESEARCHED AND REVIEWED BY STAFF TO DETERMINE IF THE PURPOSE OF THE PRIZES AND/OR GRANTS ALIGNS WITH THE FOUNDATION'S OBJECTIVES AND OVERALL MISSION. IF THE PRIZES AND/OR GRANTS ARE AWARDED, THEY MUST BE USED TO SUPPORT THOSE PURPOSES. AS A CONDITION OF THE PRIZES AND/OR GRANTS, ORGANIZATIONS AGREE TO SPECIFIC TERMS AND CONDITIONS AND UNDERSTANDINGS TO RECEIVE FUNDS. THOSE ORGANIZATIONS ARE SUBJECT TO PROVIDING PERIODIC REPORTS ON THE OPERATIONS, ACTIVITIES, AND ACCOMPLISHMENTS MADE POSSIBLE BY THE PRIZES AND/OR GRANTS. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 KEVIN ROBERTS PRESIDENT 408219 102055 254406 63601 19946 4986 55200 13800 31808 7951 769579 192393 0 0 DERRICK MORGAN EXECUTIVE VICE PRESIDENT 392424 0 152307 0 1260 0 69000 0 43355 0 658346 0 0 0 ERIC KORSVALL CHIEF OPERATING OFFICER 318550 0 124307 0 1260 0 54500 0 41859 0 540476 0 0 0 ANDREW OLIVASTRO CHIEF ADVANCEMENT OFFICER 291557 0 75307 0 1573 0 54500 0 37841 0 460778 0 0 0 ROGER SEVERINO VP, DOMESTIC POLICY 291159 0 59307 0 1062 0 44500 0 38822 0 434850 0 0 0 DAN MAULER GENERAL COUNSEL & SECRETARY 219341 94003 42215 18092 480 206 31150 13350 3264 1399 296450 127050 0 0 JOHN BACKIEL VP, FINANCE, ACCOUNTING & TREASURER 255966 0 55317 0 2702 0 43647 0 41941 0 399573 0 0 0 ROBERT BLUEY VP, COMMUNICATIONS 124055 124055 60000 307 521 521 5390 37776 22661 18893 212627 181552 0 0 JOHN MALCOLM VP, INST. FOR CONSTITUTIONAL GOV'T 253335 0 52307 0 4531 0 43026 0 37702 0 390901 0 0 0 ROBERT BARRO DISTINGUISHED FELLOW 350000 0 307 0 7416 0 17250 0 1563 0 376536 0 0 0 BRIDGETT WAGNER ED, THE FEULNER INSTITUTE 231224 0 50320 0 8216 0 40834 0 37996 0 368590 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: THE FOUNDATION ALLOWS FIRST CLASS TRAVEL OR CHARTER TRAVEL FOR CERTAIN APPROVED STAFF IN CERTAIN CIRCUMSTANCES, SUCH AS INTERNATIONAL TRAVEL, AND ONLY WHEN CONDUCTING OFFICIAL BUSINESS FOR THE FOUNDATION. IN ACCORDANCE WITH THE FOUNDATION'S TRAVEL POLICIES, ANY AMOUNT PAID BY THE FOUNDATION FOR ANY TRAVEL BY ANY EMPLOYEE THAT IS NOT BUSINESS RELATED IS REQUIRED TO BE REIMBURSED BY THE INDIVIDUAL TO THE FOUNDATION OR IT 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, THE FOUNDATION 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 THE FOUNDATION 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 GOALS AND OBJECTIVES AS WELL AS ON THEIR OWN PERFORMANCE AND ACHIEVEMENT OF ESTABLISHED GOALS. BONUSES ARE NOT BASED ON A FIXED FORMULA. GOALS ARE REVIEWED MID-YEAR AND ANNUALLY, AND MONTHLY REPORTS OF ORGANIZATON ACTIVITIES ARE PROVIDED TO THE BOARD. MELISSA BLUEY SPOUSE OF FORMER OFFICER: ROBERT BLUEY 95856 EMPLOYMENT 0 EMMA LAGARDE DAUGHTER OF THE PRESIDENT: KEVIN ROBERTS 24633 EMPLOYMENT 0 X 95 2335513 FAIR MARKET VALUE 1 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF ITEMS RECEIVED PART I, LINE 32B: IN AN EFFORT TO PROVIDE DONORS WITH ANOTHER GIVING OPTION, THE FOUNDATION HAS CONTRACTED WITH THE GIVING BLOCK ("TGB") TO PROCESS CRYPTO CURRENCY GIFTS RECEIVED BY THE ORGANIZATION FROM DONORS. TGB FACILITATES THE TRANSFER OF THE CRYPTO CURRENCY FROM THE DONOR, CONVERTS IT TO CASH, AND THEN SENDS THE CASH PROCEEDS DIRECTLY TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE & CONTROLLER COMPILES THE INFORMATION NECESSARY TO COMPLETE THE FORM 990. PAID TAX PREPARERS THEN ASSIST IN POPULATING THE FORM, WHICH IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ACCOUNTING. THE COMPLETED DRAFT IS THEN REVIEWED BY THE PRESIDENT, EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER, AND GENERAL COUNSEL. A COMPLETE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD FOR FINAL COMMENTS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW EMPLOYEES ARE REQUIRED TO FOLLOW ALL POLICIES CONTAINED WITHIN THE FOUNDATION'S EMPLOYEE HANDBOOK, INCLUDING THE FOUNDATION'S CONFLICT OF INTEREST POLICY. SEPARATELY, THE FOUNDATION HAS IN PLACE A FORMAL CONFLICT OF INTEREST POLICY THAT REQUIRES ALL MEMBERS OF THE BOARD TO DISCLOSE, ANNUALLY, ANY AND ALL FINANCIAL INTERESTS OR HOLDINGS THAT MAY BE 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, THE POLICY SETS FORTH A FORMAL PROCESS FOR THE BOARD TO EXAMINE THE POTENTIAL CONFLICT AND THEN APPROVE, DISAPPROVE, OR TAKE FURTHER APPROPRIATE ACTION. FURTHER, THE POLICY PROVIDES THE BOARD THE AUTHORITY TO IMPLEMENT AND ENFORCE ITS OVERSIGHT OF THESE ISSUES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION, INCLUDING SALARIES, BONUSES, AND BENEFITS, FOR THE FOUNDATION'S PRESIDENT, EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER, AND CERTAIN OTHER OFFICERS IS APPROVED BY THE BOARD, AND BASED ON THE RECOMMENDATION OF THE BOARD'S EXECUTIVE COMMITTEE. IN 2024, THE EXECUTIVE COMMITTEE WAS COMPRISED OF THREE INDEPENDENT, VOLUNTEER BOARD MEMBERS WHO WERE NOT, AND HAVE NEVER BEEN, EMPLOYEES OF THE FOUNDATION. EACH YEAR, THE EXECUTIVE 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, BECAUSE THE MANAGEMENT AND LEADERSHIP SKILLS OF THE FOUNDATION'S EXECUTIVES HAVE A SIGNIFICANT EFFECT ON THE ORGANIZATION'S SUCCESS, A SIGNIFICANT PORTION OF CASH COMPENSATION IS IN THE FORM OF A BONUS. BONUSES ARE CONTINGENT ON ACHIEVING THE ORGANIZATION'S STRATEGIC OBJECTIVES AS WELL AS THEIR OWN PERFORMANCE AND ACHIEVEMENT OF ESTABLISHED GOALS. GOALS ARE REVIEWED MID-YEAR AND ANNUALLY, AND MONTHLY REPORTS OF FOUNDATION ACTIVITIES ARE PROVIDED TO THE BOARD. IN CONSIDERING AND APPROVING TOTAL COMPENSATION FOR 2024, THE EXECUTIVE COMMITTEE AND THE BOARD 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 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 IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 10,414,287. MANAGEMENT AND GENERAL EXPENSES 534,300. FUNDRAISING EXPENSES 91,141. TOTAL EXPENSES 11,039,728. INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 6,159,671. MANAGEMENT AND GENERAL EXPENSES 96,248. FUNDRAISING EXPENSES 261,382. TOTAL EXPENSES 6,517,301. NON-CONSULTING SERVICE FEES: PROGRAM SERVICE EXPENSES 1,443,973. MANAGEMENT AND GENERAL EXPENSES 124,402. FUNDRAISING EXPENSES 98,984. TOTAL EXPENSES 1,667,359. OUTSIDE AUTHOR: PROGRAM SERVICE EXPENSES 4,664. MANAGEMENT AND GENERAL EXPENSES 91. FUNDRAISING EXPENSES 38. TOTAL EXPENSES 4,793. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 703,610. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -457,051. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. 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