Civic Intelligence

The Reason Foundation

990 • Fiscal year 2015 • EIN 95-3298239

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 10, 2016

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5737 Mesmer AvenueLos Angeles, CA 90230

(310) 391-2245

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$8,683,450

Flat from 2015

Net Assets

Flat

$7,121,580

Flat from 2015

Liabilities

Flat

$1,561,870

Flat from 2015

Revenue And Expenses

Revenue

Flat

$10,473,482

Flat from 2015

Expenses

Flat

$9,760,275

Flat from 2015

Net Income

Flat

$713,207

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $5,344,900Liabilities 2011: $1,091,966Net Assets 2011: $4,252,9342011Assets 2012: $7,352,487Liabilities 2012: $2,474,484Net Assets 2012: $4,878,0032012Assets 2013: $7,273,642Liabilities 2013: $2,101,322Net Assets 2013: $5,172,3202013Assets 2014: $8,172,427Liabilities 2014: $1,723,654Net Assets 2014: $6,448,7732014Assets 2015: $8,683,450Liabilities 2015: $1,561,870Net Assets 2015: $7,121,5802015Assets 2015: $8,683,450Liabilities 2015: $1,561,870Net Assets 2015: $7,121,5802015Assets 2016: $9,780,910Liabilities 2016: $1,574,197Net Assets 2016: $8,206,7132016Assets 2017: $10,605,928Liabilities 2017: $1,685,083Net Assets 2017: $8,920,8452017Assets 2018: $10,773,512Liabilities 2018: $1,918,200Net Assets 2018: $8,855,3122018Assets 2019: $11,377,930Liabilities 2019: $2,005,730Net Assets 2019: $9,372,2002019Assets 2020: $15,187,245Liabilities 2020: $2,110,164Net Assets 2020: $13,077,0812020Assets 2021: $19,282,371Liabilities 2021: $2,631,109Net Assets 2021: $16,651,2622021Assets 2022: $17,225,914Liabilities 2022: $2,590,843Net Assets 2022: $14,635,0712022Assets 2023: $19,398,270Liabilities 2023: $5,953,024Net Assets 2023: $13,445,2462023Assets 2025: $29,097,754Liabilities 2025: $7,131,217Net Assets 2025: $21,966,5372025

Highlighted filing

2015

Assets$8,683,450
Liabilities$1,561,870
Net Assets$7,121,580

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $8,078,062Expenses 2011: $7,786,662Net Income 2011: $291,4002011Expenses 2012: $8,784,8622012Revenue 2013: $9,066,823Expenses 2013: $8,952,656Net Income 2013: $114,1672013Revenue 2014: $11,101,761Expenses 2014: $10,013,738Net Income 2014: $1,088,0232014Revenue 2015: $10,473,482Expenses 2015: $9,760,275Net Income 2015: $713,2072015Revenue 2015: $10,473,482Expenses 2015: $9,760,275Net Income 2015: $713,2072015Revenue 2016: $11,485,028Expenses 2016: $10,553,564Net Income 2016: $931,4642016Revenue 2017: $12,708,165Expenses 2017: $12,379,098Net Income 2017: $329,0672017Revenue 2018: $12,099,789Expenses 2018: $12,690,715Net Income 2018: -$590,9262018Revenue 2019: $13,905,315Expenses 2019: $13,467,708Net Income 2019: $437,6072019Revenue 2020: $16,170,727Expenses 2020: $13,074,096Net Income 2020: $3,096,6312020Revenue 2021: $15,534,857Expenses 2021: $13,413,869Net Income 2021: $2,120,9882021Revenue 2022: $15,233,016Expenses 2022: $14,980,930Net Income 2022: $252,0862022Revenue 2023: $15,456,947Expenses 2023: $17,507,487Net Income 2023: -$2,050,5402023Revenue 2025: $22,810,664Expenses 2025: $21,964,556Net Income 2025: $846,1082025

Highlighted filing

2015

Revenue$10,473,482
Expenses$9,760,275
Net Income$713,207
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$11,444,474
Mission and Program Overview

Mission

To advance 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 and the public.

Advance a free society by developing, applying, & promoting libertarian principles, including individual liberty, free markets, & the rule of law, using journalism & public policy research to influence the frameworks & actions of policymakers, journalists, & opinion leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,658,817$3,890,778▲ $231,961
Land, Buildings, and Equipment, Net$3,022,098$2,933,019▼ $89,079
Pledges and Grants Receivable$344,029$982,602▲ $638,573
Savings and Temporary Cash Investments$216,078$395,625▲ $179,547
Cash and Non-Interest-Bearing Accounts$745,470$285,736▼ $459,734
Accounts Receivable$100,201$103,427▲ $3,226
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$8,172,427$8,683,450▲ $511,023
Other Assets Total$85,734$92,263▲ $6,529
Liabilities
Accounts Payable and Accrued Expenses$1,095,730$1,130,880▲ $35,150
Deferred Revenue$375,213$315,447▼ $59,766
Mortgage Notes Payable Secured by Investment Property$252,711$115,543▼ $137,168
Total Liabilities$1,723,654$1,561,870▼ $161,784
Net Assets / Fund Balance
Unrestricted Net Assets$5,739,879$5,806,509▲ $66,630
Temporarily Rstr Net Assets$664,615$1,270,792▲ $606,177
Permanently Rstr Net Assets$44,279$44,279→ $0
Total Net Assets Fund Balance$6,448,773$7,121,580▲ $672,807
Total Liabilities and Net Assets / Fund Balance$8,172,427$8,683,450▲ $511,023

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,908,473-$1,908,473
Equipment$88,958$1,109,960$1,198,918
Buildings$935,588$73,240$1,008,828

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$64,112-▼ $117-$63,995
2013$55,901-▲ $8,211-$64,112
2012$49,184-▲ $6,717-$55,901
2011$40,160$1,000▲ $8,024-$49,184
2010$39,682$1,000▼ $522-$40,160
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David NottPresident & CEOFT$246,497$110,406$356,903
Nicholas GillespieVP Reason OnlinFT$166,726$63,982$230,708
Robert W Poole JrFounderFT$199,999$25,312$225,311
Adrian T MooreVP PolicyFT$147,364$50,361$197,725
Jonathan GraffSEC'Y/CFO/TREASFT$128,892$59,832$188,724
Michael AlissiVP OperationsFT$128,441$48,933$177,374
Matt WelchVP MagazineFT$133,408$38,958$172,366
Julian MorrisVP ResearchFT$123,471$38,933$162,404
Melissa MannDevelopment DirectFT$134,818$6,522$141,340
Amy PelletierOrg DevelopmentFT$126,873$4,238$131,111
Christopher MitchellCommunications DirectorFT$115,193$8,665$123,858
Revenue and Support

Revenue Composition

Contributions and Grants
$9,363,678
Program Service Revenue
$1,113,672
Investment Income
$104,581
Other Revenue
$-108,449
All Other Contributions
$9,185,812
Change in Net Assets
$713,207

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$368,502Quoted Price
Other Non Cash Contri Table1$59,916List Price
Total Noncash Contributions8$428,418-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,473,482
Revenue Not Reported on Form 990
$68,723
Total Revenue per Audited Statements
$10,542,205
Total Revenue per Form 990
$10,473,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,762,970
Other Expenses$3,997,305
Total Fundraising Expense$784,423
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,178,236$53,439$236,131$3,467,806
Current Officers, Directors, Trustees, and Key Employees$1,487,442$115,954$147,762$1,751,158
Fees for Services Other$1,040,885$24,224$15,149$1,080,258
Travel$375,808$1,820$113,062$490,690
All Other Expenses$287,343$4,399$104,584$396,326
Payroll Taxes$314,162$8,691$23,118$345,971
Office Expenses$161,153$9,705$29,612$200,470
Advertising$188,313-$12,139$200,452
Other Employee Benefits$185,026$1,747$11,262$198,035
Other Expenses$139,886$2,564$16,492$158,942
Depreciation Depletion$88,523$2,900$6,659$98,082
Conferences and Meetings$86,463-$9,278$95,741
Insurance$83,703$3,675$6,607$93,985
Fees for Services Legal$17,588$44,986$1,314$63,888
Fees for Services Accounting-$22,531-$22,531
Interest$5,447$182$412$6,041
Total Functional Expenses$8,670,033$305,819$784,423$9,760,275

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,869,398
Expenses per Audited Statements$9,760,275
Total Expenses per Form 990$9,760,275
Expenses Not Reported on Form 990$109,123
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$119,673
Fundraising Gross Income$10,550
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Reason Media Awards$188,416$10,550$27,757$-17,207
Total Events$188,416$10,550$119,673$-109,123
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Teri MooreWife-officerEditing ServicesNo$15,924

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Trustees and officers of thefoundation will complete a form to certify that there are no existingconflicts. If there are any changes to that status they will complete andsubmit another form.other employees have certified that they are aware of the policy and willdiscuss and potential conflicts with their immediate supervisor.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Comparable data was assembled from public 990 filings for similar positions within other nonprofit organizations and presented to the finance committee of the board oftrustees with recommendations for compensation. The finance committee then discussed and approved compensation in an executive committee meeting of the full board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request the documents will be mailed or e-mailed to the requesting party.

Filing and Contact Details

Filer

Filer Name
The Reason Foundation
EIN
95-3298239
Phone
3103912245
Address
5737 MESMER AVENUE, LOS ANGELES, CA 90230

Signing Officer

Name
David Nott
Title
President and CEO
Signed
2016-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Nott
Formed
1978
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
19
Employees
92
Volunteers
19

Preparer

Firm
Armanino Llp
Address
11766 WILSHIRE BLVD NINTH FL, LOS ANGELES, CA 90025
Preparer
Michael W Cantrill
Phone
3104784148
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

During the year, the reason foundation ceased the reason-rupe poll.

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4:

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Proceeds from the endowment are meant to support the ongoing work of the reason foundation.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

EVENT EXPENSES $109123

Part XII, Line 2D: Other expenses and losses per audited F/S

EVENT EXPENSES $109123

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IRS990/Form990PartVIISectionAGrp/PersonNm2DREW A CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm3DERWOOD S CHASE JR
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES R CURLEY
IRS990/Form990PartVIISectionAGrp/PersonNm5RICHARD J DENNIS
IRS990/Form990PartVIISectionAGrp/PersonNm6PETER FARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID FLEMING
IRS990/Form990PartVIISectionAGrp/PersonNm8C BOYDEN GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMES D JAMESON
IRS990/Form990PartVIISectionAGrp/PersonNm10MANUEL S KLAUSNER
IRS990/Form990PartVIISectionAGrp/PersonNm11DAVID H KOCH
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IRS990/Form990PartVIISectionAGrp/PersonNm14GEORGE F OHRSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm15CAROL SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm16RICHARD A WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm17KERRY WELSH
IRS990/Form990PartVIISectionAGrp/PersonNm18FRED M YOUNG JR
IRS990/Form990PartVIISectionAGrp/PersonNm19DAVID NOTT
IRS990/Form990PartVIISectionAGrp/PersonNm20ROBERT W POOLE JR
IRS990/Form990PartVIISectionAGrp/PersonNm21MICHAEL ALISSI
IRS990/Form990PartVIISectionAGrp/PersonNm22NICHOLAS GILLESPIE
IRS990/Form990PartVIISectionAGrp/PersonNm23JONATHAN GRAFF
IRS990/Form990PartVIISectionAGrp/PersonNm24ADRIAN T MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm25JULIAN MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm26MATT WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm27MELISSA MANN
IRS990/Form990PartVIISectionAGrp/PersonNm28AMY PELLETIER
IRS990/Form990PartVIISectionAGrp/PersonNm29CHRISTOPHER MITCHELL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt20FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP REASON ONLIN
IRS990/Form990PartVIISectionAGrp/TitleTxt23SEC'Y/CFO/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP POLICY
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP MAGAZINE
IRS990/Form990PartVIISectionAGrp/TitleTxt27DEVELOPMENT DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt28ORG DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt29COMMUNICATIONS DIR
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$7.13$22.0$22.8$22.0$0.85
2023Summary only. Only limited summary data is available for this year.$19.4$5.95$13.4$15.5$17.5$2.05
2022Summary only. Only limited summary data is available for this year.$17.2$2.59$14.6$15.2$15.0$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$2.63$16.7$15.5$13.4$2.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$2.11$13.1$16.2$13.1$3.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$2.01$9.37$13.9$13.5$0.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$1.92$8.86$12.1$12.7$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$1.69$8.92$12.7$12.4$0.33
2016Detailed filing. Detailed filing data is available for this year.$9.78$1.57$8.21$11.5$10.6$0.93
2015Detailed filing. Detailed filing data is available for this year.$8.68$1.56$7.12$10.5$9.76$0.71
2015Summary only. Only limited summary data is available for this year.$8.68$1.56$7.12$10.5$9.76$0.71
2014Detailed filing. Detailed filing data is available for this year.$8.17$1.72$6.45$11.1$10.0$1.09
2013Summary only. Only limited summary data is available for this year.$7.27$2.10$5.17$9.07$8.95$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.35$2.47$4.88$8.78
2011Summary only. Only limited summary data is available for this year.$5.34$1.09$4.25$8.08$7.79$0.29