Rand Corporation
- Assets
- $552.3m
- Revenue
- $383.2m
- Investments
- $108.7m
- Employees
- 2,225
- Location
- Santa Monica, CA
- Founding
- 04/1950
- Data as of
- 09/2020
- EIN
- 95-1958142
Organization Overview
Rand Corporation is located in Santa Monica, CA. The organization was established in 1950. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2021, Rand Corporation employed 2,225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rand Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Rand Corporation generated $383.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $367.7m during the year ending 09/2020. While expenses have increased by 2.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
HELP IMPROVE POLICY AND DECISION MAKING THROUGH RESEARCH AND ANALYSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY RESEARCH ALL IN THE FURTHERANCE OF OUR CHARTER 'TO FURTHER AND PROMOTE SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES ALL FOR THE PUBLIC WELFARE AND SECURITY OF THE UNITED STATESTHE OPERATION OF DOCTORAL AND DEGREE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Rich President & CEO | OfficerTrustee | 40 | $1,022,057 |
Andrew Hoehn Svp, Research And Analysis | Officer | 40 | $449,305 |
Eric Peltz Vp, Finance & Operations | Officer | 40 | $380,400 |
Susan L Marquis Dean, Prg & Vp, Innova (pt Yr) | Officer | 40 | $373,138 |
Cheryl Damberg Economist Principal, Sr | 40 | $371,166 | |
Brandon Baker Vp, Development | 40 | $370,133 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Service Lp Security Services | 9/29/21 | $2,057,406 |
Ernst Young Llp Consulting Services | 9/29/21 | $1,298,100 |
Johnson Controls Building Automatio Building Maintenance | 9/29/21 | $1,129,328 |
Collaborative Solutions Llc Consulting Services | 9/29/21 | $879,473 |
Pricewaterhousecoopers Llp Consulting Services | 9/29/21 | $654,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,891,413 |
| Investment income | $5,090,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,422,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $833 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,157,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $166,445 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,258,624 |
| Compensation to disqualified persons | $695,163 |
| Other salaries and wages | $182,625,005 |
| Pension plan accruals and contributions | $15,908,371 |
| Other employee benefits | $54,892,212 |
| Payroll taxes | $14,713,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,016,089 |
| Fees for services: Accounting | $2,124,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $259,544 |
| Fees for services: Other | $5,368,429 |
| Advertising and promotion | $0 |
| Office expenses | $11,202,788 |
| Information technology | $12,643,738 |
| Royalties | $0 |
| Occupancy | $8,366,565 |
| Travel | $6,452,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230,734 |
| Interest | $3,487,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,336,566 |
| Insurance | $1,998,211 |
| All other expenses | $0 |
| Total functional expenses | $367,663,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,413,194 |
| Savings and temporary cash investments | $19,515,360 |
| Pledges and grants receivable | $15,411,421 |
| Accounts receivable, net | $74,903,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,087,088 |
| Inventories for sale or use | $7,084 |
| Prepaid expenses and deferred charges | $9,498,249 |
| Investments—publicly traded securities | $171,598,616 |
| Investments—other securities | $108,738,447 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,606,300 |
| Total assets | $552,267,845 |
| Accounts payable and accrued expenses | $97,312,240 |
| Grants payable | $0 |
| Deferred revenue | $14,480,147 |
| Tax-exempt bond liabilities | $105,341,394 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,843 |
| Total liabilities | $217,192,624 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $335,075,221 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rand Corporation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Gordon Charitable Foundation Santa Monica, CA PURPOSE: DONATION | $15,000 |
Endowment Analysis
| Beg. Balance | $280,337,568 |
| Earnings | $58,724,561 |
| Net Contributions | $1,898,523 |
| Other Expense | $13,028,979 |
| Ending Balance | $327,931,673 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Electric Power Research Institute Inc Palo Alto, CA | $430,915,185 | $431,066,983 |
Rand Corporation Santa Monica, CA | $552,267,845 | $383,157,886 |
Future Forward USA Action Palo Alto, CA | $3,267,542 | $13,185,535 |
National Assn Of Latino Elected Officials Naleo Education Fund Los Angeles, CA | $12,943,272 | $12,556,474 |
Barry Goldwater Institute For Public Policy Research Phoenix, AZ | $12,275,387 | $6,173,408 |
Independent Institute Oakland, CA | $9,389,150 | $4,554,919 |
Hawaii Health Information Exchange Honolulu, HI | $1,431,144 | $3,117,327 |
Neighbors For A Better San Francisco San Rafael, CA | $447,090 | $1,822,159 |
East Bay Alliance For A Sustainable Economy Oakland, CA | $3,976,176 | $2,906,453 |
Livable City San Francisco, CA | $814,657 | $1,275,639 |
Grassroot Institute Of Hawaii Inc Honolulu, HI | $448,367 | $1,217,027 |
Zebras Unite Portland, OR | $2,148,689 | $2,812,826 |