Civic Intelligence

World Resources Institute

990 • Fiscal year 2014 • EIN 52-1257057

Oct 01, 2013 to Sep 30, 2014 • Filed on Feb 11, 2015

10 G Street NESuite20002

(202) 729-7600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.08x

Higher debt load relative to assets than 23% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

15th percentile

0.09x

Higher debt load relative to revenue than 15% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

61st percentile

$394,950

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

86th percentile

20%

Faster asset growth than 86% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$96,765,491

Up $15,980,753 (+20%) from 2013

Net Assets

Up

$89,308,795

Up $19,294,531 (+28%) from 2013

Liabilities

Down

$7,456,696

Down $3,313,778 (-31%) from 2013

Revenue

$84,401,990

No earlier filing loaded for comparison.

Expenses

Up

$65,763,955

Up $17,752,600 (+37%) from 2013

Net Income

$18,638,035

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2010: $57,805,357Liabilities 2010: $4,370,307Net Assets 2010: $53,435,0502010Assets 2011: $65,224,571Liabilities 2011: $5,322,724Net Assets 2011: $59,901,8472011Assets 2012: $73,015,976Liabilities 2012: $8,159,199Net Assets 2012: $64,856,7772012Assets 2013: $80,784,738Liabilities 2013: $10,770,474Net Assets 2013: $70,014,2642013Assets 2014: $96,765,491Liabilities 2014: $7,456,696Net Assets 2014: $89,308,7952014Assets 2015: $97,500,992Liabilities 2015: $16,487,491Net Assets 2015: $81,013,5012015Assets 2016: $108,201,902Liabilities 2016: $17,455,768Net Assets 2016: $90,746,1342016Assets 2017: $105,616,805Liabilities 2017: $18,657,526Net Assets 2017: $86,959,2792017Assets 2018: $150,139,401Liabilities 2018: $26,909,207Net Assets 2018: $123,230,1942018Assets 2019: $183,559,255Liabilities 2019: $21,165,429Net Assets 2019: $162,393,8262019Assets 2020: $282,384,920Liabilities 2020: $18,518,992Net Assets 2020: $263,865,9282020Assets 2021: $419,325,566Liabilities 2021: $16,479,803Net Assets 2021: $402,845,7632021Assets 2022: $427,715,503Liabilities 2022: $20,036,722Net Assets 2022: $407,678,7812022Assets 2023: $595,261,608Liabilities 2023: $40,692,414Net Assets 2023: $554,569,1942023Assets 2024: $630,309,050Liabilities 2024: $45,403,949Net Assets 2024: $584,905,1012024

Highlighted filing

2014

Assets$96,765,491
Liabilities$7,456,696
Net Assets$89,308,795

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$300M$200M$100M$0-$100MExpenses 2010: $37,145,0822010Expenses 2011: $40,533,0122011Expenses 2012: $43,950,9602012Expenses 2013: $48,011,3552013Revenue 2014: $84,401,990Expenses 2014: $65,763,955Net Income 2014: $18,638,0352014Revenue 2015: $72,688,357Expenses 2015: $77,539,897Net Income 2015: -$4,851,5402015Revenue 2016: $99,339,072Expenses 2016: $89,823,844Net Income 2016: $9,515,2282016Revenue 2017: $93,460,265Expenses 2017: $94,564,842Net Income 2017: -$1,104,5772017Revenue 2018: $140,234,162Expenses 2018: $104,038,407Net Income 2018: $36,195,7552018Revenue 2019: $159,318,068Expenses 2019: $120,793,841Net Income 2019: $38,524,2272019Revenue 2020: $233,076,503Expenses 2020: $134,311,980Net Income 2020: $98,764,5232020Revenue 2021: $289,669,226Expenses 2021: $151,998,641Net Income 2021: $137,670,5852021Revenue 2022: $193,968,394Expenses 2022: $183,476,237Net Income 2022: $10,492,1572022Revenue 2023: $357,780,993Expenses 2023: $211,894,739Net Income 2023: $145,886,2542023Revenue 2024: $267,358,799Expenses 2024: $240,843,544Net Income 2024: $26,515,2552024

Highlighted filing

2014

Revenue$84,401,990
Expenses$65,763,955
Net Income$18,638,035
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Feb 11, 2015
Return Version
2013v4.0
Gross Receipts
$87,451,641
Mission and Program Overview

Mission

Wri is committed to creating change that improves people's lives and ensures the natural world can thrive. (see schedule o)

WRI focuses on the intersection of the environment and socio-economic development. We work with governments, business, and civil society to build solutions- going beyond research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$33,384,465$43,514,960▲ $10,130,495
Investments Other Securities$23,233,057$23,675,233▲ $442,176
Investments in Publicly Traded Securities$16,007,694$16,615,006▲ $607,312
Savings and Temporary Cash Investments$5,882,387$10,263,420▲ $4,381,033
Land, Buildings, and Equipment, Net$1,600,999$1,869,618▲ $268,619
Prepaid Expenses and Deferred Charges$673,636$824,754▲ $151,118
Cash and Non-Interest-Bearing Accounts$2,500$2,500→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$80,784,738$96,765,491▲ $15,980,753
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,339,169$6,571,124▲ $1,231,955
Deferred Revenue$220,997$688,079▲ $467,082
Other Liabilities$5,188,137$171,604▼ $5,016,533
Escrow Account Liability$22,171$25,889▲ $3,718
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,770,474$7,456,696▼ $3,313,778
Net Assets / Fund Balance
Temporarily Rstr Net Assets$41,152,306$60,418,673▲ $19,266,367
Permanently Rstr Net Assets$25,100,000$25,100,000→ $0
Unrestricted Net Assets$3,761,958$3,790,122▲ $28,164
Total Net Assets Fund Balance$70,014,264$89,308,795▲ $19,294,531
Total Liabilities and Net Assets / Fund Balance$80,784,738$96,765,491▲ $15,980,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,454,024$2,993,637$4,447,661
Leasehold Improvements$320,398$1,099,500$1,419,898
Other Land Buildings$95,196$1,055,076$1,150,270
Other Securities$23,675,233--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$31,758,444-▲ $2,949,487$1,872,136$32,835,795
2012$30,715,424-▲ $3,172,044$2,129,024$31,758,444
2011$28,422,753-▲ $4,086,295$1,793,624$30,715,424
2010$31,225,909-▼ $589,847$2,213,309$28,422,753
2009$30,039,015-▲ $2,566,301$1,379,407$31,225,909
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew SteerPresident & CEOFT$352,665$42,285$394,950
Manish BapnaExec VP/Managing DirectorFT$237,452$40,345$277,797
Steven BarkerCFO, VP Finance AdministrationFT$206,929$32,631$239,560
Elizabeth CookVP for InstitutionalFT$199,929$30,366$230,295
Robert MurphyVP for External RelationFT$193,767$35,063$228,830
Janet RanganathanVP for ScienceFT$201,905$23,237$225,142
Jennifer MorganClimate,energy & PollutionFT$192,982$25,021$218,003
Craig HansonDirector People And EcosystemsFT$162,769$31,643$194,412
Pankaj BhatiaDirector GHG ProtocolFT$164,831$22,563$187,394
Nigel SizerDirector, Global ForestFT$150,352$36,224$186,576
Holger DalkmanDirector EmbarqFT$165,661$13,668$179,329
Peter VeitDirector for Institutions & Gov.FT$147,647$30,588$178,235
Clayton LaneCOO for EMBARQFT$141,110$33,283$174,393
Robert WinterbottomDirector EcosystemFT$146,439$21,290$167,729
Christina DeconciniDirector, Legislative AffairsFT$152,692$14,822$167,514
Maria Athena BallesterosObjective Director IIFT$123,781$30,237$154,018
Arthur DroeControllerFT$122,942$25,293$148,235
Kristy JenkinsonDirector Markets EnterpriseFT$113,869$13,325$127,194
Renee Jones-BosDirector--$31,362$31,362
Caio Koch-WeserDirector--$25,642$25,642

Highest Paid Contractors

ContractorServicesLocationCompensation
APA Ten G LLCRent-$2,574,470
SimbioticaWebsite Development-$638,844
Blue Raster LLCWebsite Development-$620,751
Mindshift TechnologiesIT Support-$522,644
Aten Design GroupWebsite Hosting-$323,230
Revenue and Support

Revenue Composition

Contributions and Grants
$81,917,245
Program Service Revenue
$0
Investment Income
$2,437,143
Other Revenue
$47,602
All Other Contributions
$76,421,694
Change in Net Assets
$18,638,035

Audited Revenue Reconciliation

Revenue per Audited Statements
$84,637,382
Revenue Not Reported on Financial Statements
$-235,392
Revenue Not Reported on Form 990
$656,496
Other Revenue Adjustments
$-390,179
Total Revenue per Audited Statements
$85,293,878
Total Revenue per Form 990
$84,401,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$26,449,452
Other Expenses$21,358,705
Grants and Similar Amounts Paid$17,955,798
Total Fundraising Expense$1,977,437
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,326,265$1,954,161$871,443$16,151,869
Foreign Grants$14,090,133--$14,090,133
Other Employee Benefits$4,123,517$615,615$282,940$5,022,072
All Other Expenses$4,791,506-$128,840$4,920,346
Grants to Domestic Orgs$3,865,665--$3,865,665
Occupancy$2,749,574-$160,023$2,909,597
Travel$2,538,080$149,080$74,799$2,761,959
Current Officers, Directors, Trustees, and Key Employees$2,245,703$329,310$155,782$2,730,795
Payroll Taxes$1,089,439$162,647$74,753$1,326,839
Pension Plan Contributions$999,973$149,290$68,614$1,217,877
Conferences and Meetings$1,085,169$50,932$30,889$1,166,990
Other Expenses$917,886$15,492$53,420$971,306
Depreciation Depletion$833,847-$48,529$882,376
Fees for Services Accounting-$313,099-$313,099
Fees for Service Investment Mgmnt Fees-$154,787-$154,787
Office Expenses$142,676-$6,757$149,433
Fees for Services Legal-$91,118-$91,118
Fees for Services Lobbying$44,302--$44,302
Total Functional Expenses$58,698,411$5,088,107$1,977,437$65,763,955

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$65,999,347
Total Expenses per Form 990$65,763,955
Expenses per Audited Statements$65,609,168
Expenses Not Reported on Form 990$390,179
Expenses Not Reported on Financial Statements$154,787
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
26-4129153-501(c)(3)Program$1,719,639
13-3377893-501(c)(3)Reverse rapid$432,095
52-6002033-501(c)(3)Reverse rapid$320,360
52-1654284-501(c)(3)Reverse rapid$300,000
94-2474731-501(c)(3)Reverse rapid$258,784
04-3005094-501(c)(3)Reverse rapid$167,351
52-1841035-501(c)(3)Reverse rapid$126,000
91-1158970-501(c)(3)Support envir and$100,000
75-6001870-501(c)(3)Reverse rapid$90,296
56-0532129-501(c)(3)Protect climate from$63,744
46-6000364-501(c)(3)Reverse rapid$55,431
94-3292116-501(c)(3)Support envir and$54,286
45-3714703-501(c)(3)Reverse rapid$45,563
45-4842260-501(c)(3)Reverse rapid$29,112
52-2211305-501(c)(3)Reverse rapid$25,650
23-7391766-501(c)(3)Support envir and$25,060
33-1103430-501(c)(3)Reverse rapid$19,860
94-6002123-501(c)(3)Promote envir$15,218
52-1693387-501(c)(3)Reverse rapid$9,714
53-0183181-501(c)(3)Reverse rapid$7,500

International Summary

Spending
$14,090,133

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Grantmaking---$3,344,820
East Asia and the PacificGrantmaking---$2,958,597
South AmericaGrantmaking---$2,869,666
Sub-Saharan AfricaGrantmaking---$2,166,486
North AmericaGrantmaking---$1,559,888
South AsiaGrantmaking---$524,521
Russia and the Newly Independent StatesGrantmaking---$479,841
Central America and the CaribbeanGrantmaking---$186,314
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$614,500
Fundraising Direct Expenses$390,179
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$633,800$614,500$390,179$224,321
Total Events$633,800$614,500$390,179$224,321
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent Abatement$168,188
Capital Lease Obligation-long Term$3,416
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
52-1257057
In Care Of
% ARTHUR K DROE
Phone
2027297600

Signing Officer

Name
Steve Barker
Title
CFO, VP Admin
Phone
2027297600
Signed
2015-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Steer
Formed
1982
Legal Domicile
De
Voting Board Members
35
Independent Board Members
34
Employees
400
Volunteers
0

Preparer

Preparer
Mary Torretta
Phone
2027297600
Supplemental Narrative

Additional Explanations

Organization'S Mission

Form 990, Part III, Line 1 TO MOVE HUMAN SOCIETY TO LIVE IN WAYS THAT PROTECT EARTH'S ENVIRONMENT AND ITS CAPACITY TO PROVIDE FOR THE NEEDS AND ASPIRATIONS OF CURRENT AND FUTURE GENERATIONS.

Program Services

Form 990, Part III The World Resources Institute (WRI) is an environmental think tank that goes beyond research to find practical ways to protect the earth and improve people's lives. With a staff of over 350 scientists, economists, policy experts, business analysts, statisticians, lawyers, and mapmakers, and nearly 400 partner organizations around the world, WRI administers its activities through the seven programs described below. Every project undertaken by WRI contributes to one or more of the following goals: - People and Ecosystems: Reverse rapid degradation of ecosystems and assure their capacity to provide humans with needed goods and services. - Market and Enterprise: Harness markets and enterprise to expand economic opportunity and protect the environment. - Climate Protection: Protect the global climate system from further harm due to emissions of greenhouse gases and help humanity and the natural world adapt to unavoidable climate change. - Governance: Empower people and support institutions to foster environmentally sound and socially equitable decision-making.

Program Service Activity 1

Form 990, Part III, Line 4a CLIMATE, ENERGY AND POLLUTION PROGRAM: Focuses on reducing the risk of climate change in ways that drive sustainable development. Projects include developing approaches for global agreements to reduce greenhouse gas emissions and adapt to climate change; US climate policy efforts at the local, State and national level; and active engagement with the business community. The program develops and maintains tools and databases, designs business models, and convenes stakeholder groups to provide advice to all levels of government and civil society.

Program Service Activity 2

Form 990, Part III, Line 4b EMBARQ-WRI'S CENTER FOR SUSTAINABLE TRANSPORT: EMBARQ catalyzes and helps implement socially, financially, and environmentally sustainable transport solutions to improve quality of life in cities. Working through public-private partnerships with politically and financially empowered decision makers in major cities around the world, EMBARQ reduces the cost, risk, time, and complexity of finding and implementing sustainable transport solutions. EMBARQ has created Centers for Sustainable Transport in Mexico, Brazil, and the Andean Region, which manage its day to day interactions with leadership of cities in those regions, and has significant project activities in India and Turkey. Typical solutions which EMBARQ helps cities achieve include: clean fuels/clean vehicles strategies; improved transit services such as Bus Rapid Transit, demand management and non-motorized transport.

Program Service Activity 3

Form 990, Part III, Line 4c PEOPLE AND ECOSYSTEMS PROGRAM: Works to develop and promote strategies to reverse rapid degradation of ecosystems and assure their capacity to provide humans with needed goods and services. These strategies emphasize multi-scale approaches to managing ecosystems, stress the importance of ecosystem benefits to people, and rely on partnerships to create lasting solutions. Staff work in two focal areas: (1) mainstreaming ecosystem services (the benefits people obtain from nature) and (2) forest landscape information. The first works toward a world in which governments and businesses value and invest in ecosystems-forests, wetlands, coral reefs, etc.-in order to secure economic growth and people's well being. The forest team works to enable governments, businesses, and civil society to act upon better and more widely shared information to strengthen the management of working forests, reduce deforestation, and safeguard primary forest in forest-rich regions.

Other Program Service Activities

Form 990, Part III, Line 4d INSTITUTIONS AND GOVERNANCE PROGRAM: By partnering with governmental and non-governmental organizations in more than 50 countries, IGP promotes greater transparency, inclusiveness, and accountability in decisions regarding natural resources and the environment. IGP's current projects promote systemic improvements in access to information, public participation and access to justice; improve governance in the electricity sector and in forest management in the context of low carbon development; strengthen the environmental and social standards and safeguards of international financial institutions, including those based in emerging economies; and promote the sound management and equitable distribution of benefits derived from natural resources, particularly in Africa. MARKET & ENTERPRISE PROGRAM: WRI's Markets and Enterprise Group produces economically sound policies, bold vision, and practical solutions in collaboration with the business community. To channel the private sector to incorporate environmental and social opportunities into core business strategies, we employ the following approaches: -Build Market Demand: Expand the market for goods and services that protect the climate and ecosystems -- such as green power, certified forest products, and responsibly mined metals -- by enabling the environment for these products to grow and by developing cost-competitive procurement strategies. - Create Sustainable Enterprises: Demonstrate not only a new way of doing business, but also the power of the private sector to reduce poverty and protect the environment. Enable entrepreneurs and corporations to develop profitable business approaches to climate change, ecosystem degradation, and improving people's lives. - Tools and Analysis: WRI has developed tools and databases to give corporations, NGOs, and entrepreneurs from across the globe access to the models and ideas they need for success. For example, WRI has developed a global water risk atlas, called Aqueduct. - Promote Green Investing: Change how financial markets value companies by making the incorporation of environmental value and risk into investment decisions standard practice as a means to influence corporate performance and strategy. SPECIAL STUDIES AND INNOVATION PROGRAM: Undertakes or mentors new activities designed to foster innovation across the institute. Activities focus on new projects or objectives, and on new tools and capacities in areas such as modeling and communications. EXTERNAL RELATIONS PROGRAM: Manages WRI's efforts to communicate its work to diverse audiences, including governments, corporations, and international organizations to support the accomplishment of the objectives outlined in program plans. In addition, we seek ways of enhancing WRI's overall profile through continued attention to communication opportunities. We utilize a wide variety of mechanisms to communicate WRI's work appropriate to the goals of each program; we are constantly exploring new means of communicating our work more effectively to key audiences. Program Description Grants Expenses BUSINESS CENTER $5,000 $611,292 ENERGY $39,487 $641,186 FINANCE CENTER $100,110 $1,810,419 GOVERNANCE CENTER $1,279,334 $4,846,147 SPECIAL PROJECTS $5,606,253 $11,010,856 COMMUNICATIONS $1,247,555 Total $7,030,184 $20,167,455

Form 990 Review Process

Form 990, Part VI, Line 11A The institute's Management reviewed a draft of the Form 990 which was prepared by WRI's external accounting advisors. The organization shared a copy of the Form 990 with its board of directors before filing the return with the IRS. Comments from board members are sent to the CFO or Controller. A deadline is given for board members to respond. If the draft is available before a board meeting, it is also given out at the meeting.

Conflict of Interest Policy

Form 990, Part VI, Line 12c Board Members: A copy of conflict of interest form is given to board members annually with list of vendors that WRI does business with. Each board member signs the form letting the organization know if there are any conflicts. Those with conflicts are not permitted to participate in any deliberations and decisions affecting the source of the conflict. Employees/Officers: Every staff member signs off on a conflict of interest form. Officers and management team are supposed to re-sign conflict of interest forms each calendar year. Staff members are directed to raise questions to their immediate supervisors or Program Directors/VPs if they have a question on an activity which they think might pose a conflict of interest. Human resources staff is available to assist with questions. Any Program Director or VP can determine that there is a conflict of interest and request that the activities stop. The conflict of interest policy specifies that the staff member is prohibited from participating in the deliberations process if their activity is in question. Human resources staff inform staff when there is a conflict of interest and assist with ensuring copmliance.

Compensation Determination

Form 990, Part VI, Lines 15a & 15b The organization brings in independent consultants periodically to do a comparative review of its salary structure and also reviews salary surveys. The Managing Director sets pay increases for all department heads; the President does the same for the Managing Director, CFO, and all Vice-Presidents; the board of directors does the same for the President. The Executive Committee of the Board of Directors determines the President's annual salary increases and bonuses as appropriate. The Human resources Director makes a recommendation on the percentage increase and bonus amount, and participates in the Executive Committee of the Board meeting which evaluates the President's performance. The Human resources Director takes notes/minutes of this portion of the meeting to document the decision made regarding the President's annual salary.

How Documents are Made Available to the Public

Form 990, Part VI, Line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public to the extent required by law.

Financial Statement Notes

Escrow or Custodial Account Liability

Schedule D, Part IV, Line 2b The Institute held $25,889 of earned interest on the bloomberg family foundation grant. The funds will be used under the directives of the bloomberg family foundation. INTENDED USE OF ENDOWMENT FUNDS Schedule D, Part V, Line 4 Proceeds from the endowments are to be used to fund the operations. The organization has three endowments. The largest is $25,000,000 from the macarthur foundation. The two smaller endowments are to fund internships at the organization.

FIN 48 (ASC 740) Footnote

Schedule D, Part X, Line 2 The Institute follows the accounting guidance that creates a single model to address uncertainty in tax positions and clarifies accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in its consolidated financial statements. Under the requirements of this guidance, organizations could now be required to record an obligation as the result of tax positions they have historically taken on various tax exposure items. The Institute is not required to record such an obligation.

Other Revenue Included on Form 990

Schedule D, Part XI, Line 4B Other Direct Expenses for Fundraising Events ($390,179)

Other Expenses Not Included on Form 990

Schedule D, Part XII, Line 2D Other Direct Expenses for Fundraising Events $390,179

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$630$45.4$585$267$241$26.5
2023Detailed filing. Detailed filing data is available for this year.$595$40.7$555$358$212$146
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$428$20.0$408$194$183$10.5
2021Detailed filing. Detailed filing data is available for this year.$419$16.5$403$290$152$138
2020Detailed filing. Detailed filing data is available for this year.$282$18.5$264$233$134$98.8
2019Detailed filing. Detailed filing data is available for this year.$184$21.2$162$159$121$38.5
2018Detailed filing. Detailed filing data is available for this year.$150$26.9$123$140$104$36.2
2017Detailed filing. Detailed filing data is available for this year.$106$18.7$87.0$93.5$94.6$1.10
2016Detailed filing. Detailed filing data is available for this year.$108$17.5$90.7$99.3$89.8$9.52
2015Detailed filing. Detailed filing data is available for this year.$97.5$16.5$81.0$72.7$77.5$4.85
2014Detailed filing. Detailed filing data is available for this year.$96.8$7.46$89.3$84.4$65.8$18.6
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.8$10.8$70.0$48.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.0$8.16$64.9$44.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.2$5.32$59.9$40.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.8$4.37$53.4$37.1