Civic Intelligence

The Reason Foundation

990 • Fiscal year 2016 • EIN 95-3298239

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 14, 2017

5737 Mesmer AvenueLos Angeles, CA 90230-6316

(310) 391-2245

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.16x

Higher debt load relative to assets than 42% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.14x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

67th percentile

8.1%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$457,129

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

79th percentile

13%

Faster asset growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

9.7%

Faster revenue growth than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$9,780,910

Up $1,097,460 (+13%) from 2015

Net Assets

Up

$8,206,713

Up $1,085,133 (+15%) from 2015

Liabilities

Up

$1,574,197

Up $12,327 (+0.8%) from 2015

Revenue

Up

$11,485,028

Up $1,011,546 (+9.7%) from 2015

Expenses

Up

$10,553,564

Up $793,289 (+8.1%) from 2015

Net Income

Up

$931,464

Up $218,257 (+31%) 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 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

2016

Assets$9,780,910
Liabilities$1,574,197
Net Assets$8,206,713

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 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

2016

Revenue$11,485,028
Expenses$10,553,564
Net Income$931,464
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$12,347,230
Mission and Program Overview

Mission

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.

Advance a free society by developing, applying, and promoting libertarian principles

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,890,778$4,168,535▲ $277,757
Land, Buildings, and Equipment, Net$2,933,019$2,882,196▼ $50,823
Pledges and Grants Receivable$982,602$1,190,240▲ $207,638
Cash and Non-Interest-Bearing Accounts$285,736$936,536▲ $650,800
Savings and Temporary Cash Investments$395,625$372,522▼ $23,103
Accounts Receivable$103,427$147,447▲ $44,020
Total Assets$8,683,450$9,780,910▲ $1,097,460
Other Assets Total$92,263$83,434▼ $8,829
Liabilities
Accounts Payable and Accrued Expenses$1,130,880$1,270,430▲ $139,550
Deferred Revenue$315,447$303,767▼ $11,680
Mortgage Notes Payable Secured by Investment Property$115,543--
Total Liabilities$1,561,870$1,574,197▲ $12,327
Net Assets / Fund Balance
Unrestricted Net Assets$5,806,509$6,471,529▲ $665,020
Temporarily Rstr Net Assets$1,270,792$1,690,905▲ $420,113
Permanently Rstr Net Assets$44,279$44,279→ $0
Total Net Assets Fund Balance$7,121,580$8,206,713▲ $1,085,133
Total Liabilities and Net Assets / Fund Balance$8,683,450$9,780,910▲ $1,097,460

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,908,473-$1,908,473
Equipment$62,143$1,145,972$1,208,115
Buildings$911,580$97,248$1,008,828

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$63,995-▼ $117-$63,878
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David NottPresident & CEOFT$270,707$186,422$457,129
Nicholas GillespieVice President Reason OnlineFT$195,827$64,346$260,173
Robert W Poole JrFounderFT$200,000$25,303$225,303
Adrian T MooreVice President PolicyFT$144,979$50,128$195,107
Jonathan GraffSecretary/CFO/TreasurerFT$128,730$61,348$190,078
Michael AlissiVice President OperationsFT$127,730$51,805$179,535
Matt WelchVice President Reason MagazineFT$133,394$39,830$173,224
Melissa MannDevelopment DirectorFT$129,530$7,384$136,914
Julian MorrisVice President ResearchFT$122,651$9,805$132,456
Christopher MitchellCommunications DirectorFT$112,112$9,539$121,651

Highest Paid Contractors

ContractorServicesLocationCompensation
Ronald BaileyScience Correspondent517 Second St NE, Charlottesville, VA 22902$102,000
Revenue and Support

Revenue Composition

Contributions and Grants
$10,198,865
Program Service Revenue
$1,284,975
Investment Income
$160,423
Other Revenue
$-159,235
All Other Contributions
$9,926,160
Change in Net Assets
$931,464

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 Traded21$479,141Quoted Price
Other Non Cash Contri Table2$81,393List Price
Other Non Cash Contri Table2$2,655List Price
Other Non Cash Contri Table1$2,374List Price
Total Noncash Contributions26$565,563-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,485,028
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$316,590
Total Revenue per Audited Statements
$11,801,618
Total Revenue per Form 990
$11,485,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,261,048
Other Expenses$4,292,516
Total Fundraising Expense$861,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,347,798$29,944$271,025$3,648,767
Current Officers, Directors, Trustees, and Key Employees$1,677,657$129,461$188,226$1,995,344
Travel$432,023$2,656$123,436$558,115
Payroll Taxes$321,623$7,209$25,490$354,322
Office Expenses$194,831$12,185$87,500$294,516
Other Employee Benefits$238,175$913$23,527$262,615
Occupancy$224,820$7,082$21,510$253,412
All Other Expenses$160,709$9,324$38,190$208,223
Advertising$149,267-$30,479$179,746
Other Expenses$117,234$3,032$11,650$131,916
Conferences and Meetings$96,190-$10,086$106,276
Insurance$80,120$1,976$7,676$89,772
Depreciation Depletion$53,985$1,292$4,743$60,020
Fees for Services Accounting-$24,824-$24,824
Fees for Services Legal-$13,182-$13,182
Fees for Services Other$7,253--$7,253
Interest$1,402$35$107$1,544
Total Functional Expenses$9,427,512$264,682$861,370$10,553,564

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,716,485
Expenses per Audited Statements$10,553,564
Total Expenses per Form 990$10,553,564
Expenses Not Reported on Form 990$162,921
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$161,251

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
CubaProgram Service ActivityselpHeld a Conference in Cuba Providing Education and Promoting Libertarian P00$161,251
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$178,871
Fundraising Gross Income$15,950
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Reason Media Awards 2016$173,134$14,500$61,220$-46,720
Savas Privatization Awards$52,509$1,450$4,258$-2,808
Total Events$278,143$15,950$178,871$-162,921
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
Adrian MooreOfficerEditing Services paid to Spouse of officerNo$21,186
Julian MorrisOfficerCommunications to company owned by spouse of officerNo$20,425
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
Yes
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, Section A, line 4

During the year, the Foundation's Bylaws were amended to allow up to 25 Board Members.

Form 990, Part VI, Section B, line 11

Line 11a explanation - 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.

Filing and Contact Details

Filer

Filer Name
The Reason Foundation
EIN
95-3298239
Phone
3103912245
Address
5737 MESMER AVENUE, LOS ANGELES, CA 90230-6316

Signing Officer

Name
David Nott
Title
President and CEO
Phone
3103912245
Signed
2017-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Nott
Formed
1978
Legal Domicile
CA
Voting Board Members
22
Independent Board Members
20
Employees
79
Volunteers
19

Preparer

Firm
Armanino LLP
Address
12657 Alcosta Blvd Ste 500, San Ramon, CA 94583-4600
Preparer
Thomas Schulte
Phone
9257902600
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

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

Part XI, Line 2D - Other Adjustments:

EVENT EXPENSES 162,921.

Part XII, Line 2D - Other Adjustments:

EVENT EXPENSES 162,921.

Raw XML AppendixShowing 400 of 916 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0REASON FOUNDATION -- Research and analysis of issues relating to privatization, transportation, education, criminal justice, pension reform, and environment -- educational outreach from a libertarian perspective to policymakers, relevant stakeholders, and the general public. - 8,200 print articles citing reason experts- 33.500 online articles citing reason experts- 1.1 billion total circulation of articles- 1,070 media appearances by reason experts- 8 legislative testimonies- 29 policy studies(See Schedule O for continuation)- 71 commentaries and op-eds- 11 surface transportation innovations newsletters & air securityNewsletters- 11 air traffic control newsletters & 4 reason report newsletters
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20111422
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt21303
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt229805
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt234346
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2411348
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2510128
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt269805
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt279830
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt287384
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IRS990/Form990PartVIISectionAGrp/PersonNm1BARON BOND
IRS990/Form990PartVIISectionAGrp/PersonNm2DREW A CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm3DERWOOD S CHASE JR
IRS990/Form990PartVIISectionAGrp/PersonNm4PETER P COPSES
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES R CURLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6RICHARD J DENNIS
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER FARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID FLEMING
IRS990/Form990PartVIISectionAGrp/PersonNm9C BOYDEN GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES D JAMESON
IRS990/Form990PartVIISectionAGrp/PersonNm11MANUEL S KLAUSNER
IRS990/Form990PartVIISectionAGrp/PersonNm12DAVID H KOCH
IRS990/Form990PartVIISectionAGrp/PersonNm13JAMES LINTOTT
IRS990/Form990PartVIISectionAGrp/PersonNm14STEPHEN MODZELEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm15GEORGE F OHRSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm16CAROL SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm17RICHARD A WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm18KERRY WELSH
IRS990/Form990PartVIISectionAGrp/PersonNm19FRED M YOUNG JR
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID NOTT
IRS990/Form990PartVIISectionAGrp/PersonNm21ROBERT W POOLE JR
IRS990/Form990PartVIISectionAGrp/PersonNm22MICHAEL ALISSI
IRS990/Form990PartVIISectionAGrp/PersonNm23NICHOLAS GILLESPIE
IRS990/Form990PartVIISectionAGrp/PersonNm24JONATHAN GRAFF
IRS990/Form990PartVIISectionAGrp/PersonNm25ADRIAN T MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm26JULIAN MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm27MATT WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm28MELISSA MANN
IRS990/Form990PartVIISectionAGrp/PersonNm29CHRISTOPHER MITCHELL
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20345707
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23255827
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24178730
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25184979
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27163394
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28129530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt29112112
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
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/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt21Founder
IRS990/Form990PartVIISectionAGrp/TitleTxt22Vice President Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President Reason Online
IRS990/Form990PartVIISectionAGrp/TitleTxt24Secretary/CFO/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt25Vice President Policy
IRS990/Form990PartVIISectionAGrp/TitleTxt26Vice President Research
IRS990/Form990PartVIISectionAGrp/TitleTxt27Vice President Reason Magazine
IRS990/Form990PartVIISectionAGrp/TitleTxt28Development Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29Communications Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0262193
IRS990/FundraisingDirectExpensesAmt0178871
IRS990/FundraisingGrossIncomeAmt015950
IRS990/GainOrLossGrp/SecuritiesAmt042511
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0725842
IRS990/GrossReceiptsAmt012347230
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt010
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt07676
IRS990/InsuranceGrp/ManagementAndGeneralAmt01976
IRS990/InsuranceGrp/ProgramServicesAmt080120
IRS990/InsuranceGrp/TotalAmt089772
IRS990/InterestGrp/FundraisingAmt0107
IRS990/InterestGrp/ManagementAndGeneralAmt035
IRS990/InterestGrp/ProgramServicesAmt01402
IRS990/InterestGrp/TotalAmt01544
IRS990/InvestmentIncomeGrp/ExclusionAmt0117912
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0117912
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03890778
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04168535
IRS990/IRPDocumentCnt045
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01243220
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02933019
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02882196
IRS990/LandBldgEquipCostOrOtherBssAmt04125416
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0683331
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt08206713
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt042511
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-162921
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-162921
IRS990/NetUnrelatedBusTxblIncmAmt0-9737
IRS990/NetUnrlzdGainsLossesInvstAmt0153669
IRS990/NoncashContributionsAmt0565563
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt021510
IRS990/OccupancyGrp/ManagementAndGeneralAmt07082
IRS990/OccupancyGrp/ProgramServicesAmt0224820
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IRS990/OfficeExpensesGrp/FundraisingAmt087500
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012185
IRS990/OfficeExpensesGrp/ProgramServicesAmt0194831
IRS990/OfficeExpensesGrp/TotalAmt0294516
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt083434
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0913
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0238175
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0262615

Document Assets

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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
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