Civic Intelligence

The Reason Foundation

990 • Fiscal year 2017 • EIN 95-3298239

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 30, 2018

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

44th percentile

0.16x

Higher debt load relative to assets than 44% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.13x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$498,625

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

63rd percentile

8.4%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$10,605,928

Up $825,018 (+8.4%) from 2016

Net Assets

Up

$8,920,845

Up $714,132 (+8.7%) from 2016

Liabilities

Up

$1,685,083

Up $110,886 (+7.0%) from 2016

Revenue

Up

$12,708,165

Up $1,223,137 (+11%) from 2016

Expenses

Up

$12,379,098

Up $1,825,534 (+17%) from 2016

Net Income

Down

$329,067

Down $602,397 (-65%) from 2016

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

2017

Assets$10,605,928
Liabilities$1,685,083
Net Assets$8,920,845

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

2017

Revenue$12,708,165
Expenses$12,379,098
Net Income$329,067
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 30, 2018
Return Version
2016v3.0
Gross Receipts
$13,493,073
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$4,168,535$5,846,505▲ $1,677,970
Land, Buildings, and Equipment, Net$2,882,196$2,882,264▲ $68
Cash and Non-Interest-Bearing Accounts$936,536$863,706▼ $72,830
Pledges and Grants Receivable$1,190,240$387,015▼ $803,225
Savings and Temporary Cash Investments$372,522$352,111▼ $20,411
Accounts Receivable$147,447$134,499▼ $12,948
Total Assets$9,780,910$10,605,928▲ $825,018
Other Assets Total$83,434$139,828▲ $56,394
Liabilities
Accounts Payable and Accrued Expenses$1,270,430$1,407,230▲ $136,800
Deferred Revenue$303,767$277,853▼ $25,914
Total Liabilities$1,574,197$1,685,083▲ $110,886
Net Assets / Fund Balance
Unrestricted Net Assets$6,471,529$6,533,725▲ $62,196
Temporarily Rstr Net Assets$1,690,905$2,342,841▲ $651,936
Permanently Rstr Net Assets$44,279$44,279→ $0
Total Net Assets Fund Balance$8,206,713$8,920,845▲ $714,132
Total Liabilities and Net Assets / Fund Balance$9,780,910$10,605,928▲ $825,018

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,908,473-$1,908,473
Equipment$107,374$1,145,972$1,253,346
Buildings$857,622$151,206$1,008,828
Leasehold Improvements$8,795$1,590$10,385

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$63,878$3,233▲ $7,355$19,599$54,867
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David NottPresident, CEOFT$295,405$203,220$498,625
Nicholas GillespieVice President OnlineFT$205,799$52,537$258,336
Adrian T MooreVice President PolicyFT$152,922$80,434$233,356
Robert PooleFounder; Director of Transportation PolicyFT$230,000-$230,000
Robert PooleFounder; Director of Transportation-$200,000$30,000$230,000
Julian MorrisVice President ResearchFT$121,425$75,487$196,912
Jonathan GraffChief Financial Officer, TreasurerFT$129,872$56,349$186,221
Matt L WelchEditor-at-largeFT$135,591$45,505$181,096
Michael AlissiVice President, Operations/PublisherFT$127,791$48,496$176,287
Melissa MannDevelopment DirectorFT$142,225$2,750$144,975
Christopher MitchellCommunications DirectorFT$111,546$5,335$116,881
Leonard C GilroyDirector of Government ReformFT$108,542$2,366$110,908
Katherine Mangu-WardVice President/Editor-in-Chief Reason MagazineFT$100,670$5,295$105,965
Peter SudermanFeatures Editor, Reason.COMFT$102,292$206$102,498

Highest Paid Contractors

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

Revenue Composition

Contributions and Grants
$11,684,317
Program Service Revenue
$1,008,894
Investment Income
$158,745
Other Revenue
$-143,791
All Other Contributions
$11,463,036
Change in Net Assets
$329,067

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 Traded25$278,252Quoted Price
Total Noncash Contributions25$278,252-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,708,165
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$528,950
Total Revenue per Audited Statements
$13,237,115
Total Revenue per Form 990
$12,708,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,073,469
Other Expenses$5,305,629
Total Fundraising Expense$956,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,979,579$27,040$342,063$4,348,682
Current Officers, Directors, Trustees, and Key Employees$1,675,921$138,509$161,376$1,975,806
Travel$525,451$2,057$95,643$623,151
Payroll Taxes$353,438$11,570$40,425$405,433
Other Employee Benefits$318,321$3,920$21,307$343,548
Occupancy$283,097$11,252$21,974$316,323
All Other Expenses$231,642$11,802$56,402$299,846
Office Expenses$181,757$11,373$62,791$255,921
Advertising$167,722-$40,589$208,311
Conferences and Meetings$151,433$151$14,224$165,808
Other Expenses$108,623$5,782$7,538$121,943
Insurance$75,423$2,321$6,585$84,329
Depreciation Depletion$49,710$1,423$4,415$55,548
Fees for Services Legal$7,397$23,664-$31,061
Fees for Services Accounting-$25,206-$25,206
Total Functional Expenses$11,128,554$293,876$956,668$12,379,098

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,522,983
Expenses per Audited Statements$12,379,098
Total Expenses per Form 990$12,379,098
Expenses Not Reported on Form 990$143,885
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$159,435
Fundraising Gross Income$15,550
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Reason Media Awards 2017$218,352$15,550$61,220$-45,670
Total Events$218,352$15,550$159,435$-143,885
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 officer as an independent contractorNo$13,050
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, Section B, line 11B

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 & CEO
Phone
3103912245
Signed
2018-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Nott
Formed
1978
Legal Domicile
CA
Voting Board Members
23
Independent Board Members
21
Employees
85
Volunteers
21

Preparer

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

Additional Explanations

Form 990, Part III, line 2

Stossel on reason reason's video collaboration with broadcasting legend and 19-time emmy winner john stossel debuted in summer 2017. The stossel unit produced 8 videos, ranging from documentary and investigative segments to interviews with high-profile individuals, man-on-the-street exchanges, and video op-eds. Early hits include "palace in the park," an expos of a new york city public bathroom that cost an amazing $2 million to construct; "nyc traumatizes gun owners," which details how law enforcement attacks legal gun owners who follow all laws to the fullest; and "john stossel vs. Noam chomsky on venezuela," which features a discussion of socialism's role in the collapse of the once-richest nation in latin america.

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 143,885.

Part XII, Line 2D - Other Adjustments:

EVENT EXPENSES 143,885.

Raw XML AppendixShowing 400 of 917 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/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt21128220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt232537
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt245434
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt255487
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt266349
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt275496
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt285295
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt295505
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt302750
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt315335
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt322366
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt33206
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHEN MODZELEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS E BEACH
IRS990/Form990PartVIISectionAGrp/PersonNm2BARON BOND
IRS990/Form990PartVIISectionAGrp/PersonNm3JOAN CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm4DREW A CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm5DERWOOD S CHASE JR
IRS990/Form990PartVIISectionAGrp/PersonNm6PETER P COPSES
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES R CURLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8RICHARD J DENNIS
IRS990/Form990PartVIISectionAGrp/PersonNm9PETER FARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID FLEMING
IRS990/Form990PartVIISectionAGrp/PersonNm11C BOYDEN GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm12JAMES D JAMESON
IRS990/Form990PartVIISectionAGrp/PersonNm13MANUEL S KLAUSNER
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID H KOCH
IRS990/Form990PartVIISectionAGrp/PersonNm15JAMES LINTOTT
IRS990/Form990PartVIISectionAGrp/PersonNm16GEORGE F OHRSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm17CAROL SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm18RICHARD A WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm19KERRY WELSH
IRS990/Form990PartVIISectionAGrp/PersonNm20FRED M YOUNG JR
IRS990/Form990PartVIISectionAGrp/PersonNm21David Nott
IRS990/Form990PartVIISectionAGrp/PersonNm22Robert Poole
IRS990/Form990PartVIISectionAGrp/PersonNm23Nicholas Gillespie
IRS990/Form990PartVIISectionAGrp/PersonNm24Adrian T Moore
IRS990/Form990PartVIISectionAGrp/PersonNm25Julian Morris
IRS990/Form990PartVIISectionAGrp/PersonNm26Jonathan Graff
IRS990/Form990PartVIISectionAGrp/PersonNm27Michael Alissi
IRS990/Form990PartVIISectionAGrp/PersonNm28Katherine Mangu-Ward
IRS990/Form990PartVIISectionAGrp/PersonNm29Matt L Welch
IRS990/Form990PartVIISectionAGrp/PersonNm30Melissa Mann
IRS990/Form990PartVIISectionAGrp/PersonNm31Christopher Mitchell
IRS990/Form990PartVIISectionAGrp/PersonNm32Leonard C Gilroy
IRS990/Form990PartVIISectionAGrp/PersonNm33Peter Suderman
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21370405
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22230000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23255799
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24227922
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25191425
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt26179872
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27170791
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28100670
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt29175591
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30142225
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31111546
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt32108542
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt33102292
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
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/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21President, CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22Founder; Director of Transportation Policy
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President Online
IRS990/Form990PartVIISectionAGrp/TitleTxt24Vice President Policy
IRS990/Form990PartVIISectionAGrp/TitleTxt25Vice President Research
IRS990/Form990PartVIISectionAGrp/TitleTxt26Chief Financial Officer, Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt27Vice President, Operations/Publisher
IRS990/Form990PartVIISectionAGrp/TitleTxt28Vice President/Editor-in-Chief Reason Magazine
IRS990/Form990PartVIISectionAGrp/TitleTxt29Editor-at-large
IRS990/Form990PartVIISectionAGrp/TitleTxt30Development Director
IRS990/Form990PartVIISectionAGrp/TitleTxt31Communications Director
IRS990/Form990PartVIISectionAGrp/TitleTxt32Director of Government Reform
IRS990/Form990PartVIISectionAGrp/TitleTxt33Features Editor, Reason.com
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0202802
IRS990/FundraisingDirectExpensesAmt0159435
IRS990/FundraisingGrossIncomeAmt015550
IRS990/GainOrLossGrp/SecuritiesAmt062784
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0688257
IRS990/GrossReceiptsAmt013493073
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt013
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt06585
IRS990/InsuranceGrp/ManagementAndGeneralAmt02321
IRS990/InsuranceGrp/ProgramServicesAmt075423
IRS990/InsuranceGrp/TotalAmt084329
IRS990/InvestmentIncomeGrp/ExclusionAmt095961
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt095961
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04168535
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05846505
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01298768
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02882196
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02882264
IRS990/LandBldgEquipCostOrOtherBssAmt04181032
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0625473
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
IRS990/NetAssetsOrFundBalancesBOYAmt08206713
IRS990/NetAssetsOrFundBalancesEOYAmt08920845
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt062784
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt062784
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-143885

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
2017Detailed filing. Detailed filing data is available for this year.$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