The Reason Foundation
- Assets
- $15.2m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 96
- Location
- Los Angeles, CA
- Founding
- 03/1979
- Data as of
- 09/2020
- EIN
- 95-3298239
Organization Overview
The Reason Foundation is located in Los Angeles, CA. The organization was established in 1979. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2022, Reason Foundation employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reason Foundation 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, Reason Foundation generated $16.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $13.1m during the year ending 09/2020. While expenses have increased by 3.6% 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
ADVANCE A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING FREE MINDS AND FREE MARKETS SINCE 1968- 11 ISSUES PUBLISHED- 52,000 PAID/REQUESTED COPIES AND 4,000 NEWSSTAND COPIES SOLD PER MONTH- AVERAGE OF 3.8 MILLION USER VISITS PER MONTH AT REASON.COM AND 2.8 MILLION VISITS TO REASONTV
REASON WORKS WITH MOTIVATED POLICYMAKERS TO DEVELOP AND IMPLEMENT MARKET-BASED REFORMS THAT ARE A MODEL FOR REFORM-MINDED POLICYMAKERS AT ALL LEVELS OF GOVERNMENT. OUR PENSION INTEGRITY PROJECT EDUCATES POLICYMAKERS AND TAXPAYERS ON PENSION REFORM. WE PRODUCED FIVE MAJOR TECHNICAL ANALYSES THAT FOCUS ON THE SOLVENCY OF PUBLIC EMPLOYEE RETIREMENT SYSTEMS IN ARIZONA, NORTH CAROLINA, NEW MEXICO, MISSISSIPPI, AND ARKANSAS, AS WELL AS POLICY BRIEFS THAT ADDRESS REDUCED PUBLIC SAFETY BUDGETS, VOLATILE INVESTMENT RETURNS, AND THE IMPACT OF COVID-19 ON PUBLIC PENSIONS, AND EDUCATED LEGISLATORS IN THOSE STATES VIA STUDIES, DIRECT OUTREACH, AND MORE 70 TOPICAL COMMENTARIES. DRAWING FROM DECADES OF RESEARCH ON THE BENEFITS OF SCHOOL CHOICE, REASON'S EDUCATION TEAM IS A LEADING VOICE IN PROMOTING NEW MODELS SUCH AS PANDEMIC PODS, ONLINE CHARTERS, BACKPACK FUNDING, AND OTHER OPTIONS THAT ENCOURAGE STUDENT ACHIEVEMENT AND ADVANCE THE FREEDOM TO INNOVATE IN EDUCATION. WE ARE ADVISING POLICYMAKERS AND ALLIES IN MORE THAN 20 STATES ON VIRTUAL SCHOOLING, SCHOOL FINANCE, AND SAFETY. OUR TRANSPORTATION TEAM IS ASSESSING THE CHANGES THAT THE PANDEMIC HAS MADE IN TRANSPORTATION USAGE, CALLING FOR GREATER DECENTRALIZATION AND A REEVALUATION OF HEAVILY SUBSIDIZED TRANSIT PROJECTS. REASON'S DRUG POLICY TEAM IS HELPING STATES BETTER UNDERSTAND POTENTIAL PITFALLS IN REGULATING LEGAL RECREATIONAL CANNABIS MARKETS AND PROVIDING SUPPORT TO POLICYMAKERS SEEKING TO FIX THE CHALLENGES OF LEGALIZATION.
"PROMOTING FREE MINDS AND FREE MARKETS THROUGH ONLINE VIDEO JOURNALISM.- 162 VIDEOS PRODUCED- AVERAGE OF 2,800,000 VIDEOS PLAYED EACH MONTHPODCASTSREASON PRODUCES 3 PODCASTS: THE REASON ROUNDTABLE, A WEEKLY DISCUSSION OF THE WEEK'S BIGGEST STORIES AND THEIR CONNECTION TO THE IDEAS OF FREE MINDS AND FREE MARKETS; THE REASON INTERVIEW WITH NICK GILLESPIE, A WEEKLY CONVERSATION WITH INNOVATIVE AND INTERESTING THINKERS FROM A VARIETY OF DISCIPLINES; AND THE MONTHLY SOHO FORUM DEBATES, FEATURING PUBLIC INTELLECTUALS FACING OFF OVER CONTROVERSIAL ISSUES.- AVERAGE OF 304,000 DOWNLOADS PER MONTH"
REASON FOUNDATION PUBLISHES RESEARCH AND JOURNALISM AND ENGAGES IN EDUCATIONAL OUTREACH FROM A LIBERTARIAN PERSPECTIVE TO POLICYMAKERS, RELEVANT STAKEHOLDERS, AND THE GENERAL PUBLIC.- 20,000 ARTICLES CITING REASON EXPERTS- 3,200 MEDIA APPEARANCES BY REASON EXPERTS- 57 LEGISLATIVE TESTIMONIES- 31 POLICY STUDIES- 300 POLICY COMMENTARIES AND OP-EDS- 11 SURFACE TRANSPORTATION INNOVATIONS NEWSLETTERS & AIR SECURITY NEWSLETTERS- 11 AIR TRAFFIC CONTROL NEWSLETTERS- 4 REASON REPORT DONOR NEWSLETTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Nott President, CEO | OfficerTrustee | 40 | $411,628 |
Robert Poole Founder, Dir Of Transportation Policy | OfficerTrustee | 40 | $230,000 |
Nicholas Gillespie Editor At Large | 40 | $227,417 | |
Adrian T Moore Vice President Policy | Officer | 40 | $211,956 |
Leonard Gilroy Vice President Government Reform | Officer | 40 | $202,500 |
Katherine Mangu-Ward Vice President/editor-In-Chief | Officer | 40 | $202,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sound Science Explorations Llc Film Production | 9/29/22 | $279,390 |
H-garb Informatix Data Validation | 9/29/22 | $179,825 |
Iron Light Inc Marketing | 9/29/22 | $105,500 |
Ronald Bailey Journalism | 9/29/22 | $102,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,019,750 |
| Investment income | $227,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,170,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,755,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,713,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $466,421 |
| Payroll taxes | $495,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,470 |
| Fees for services: Accounting | $27,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,002,104 |
| Advertising and promotion | $230,642 |
| Office expenses | $262,841 |
| Information technology | $151,280 |
| Royalties | $0 |
| Occupancy | $378,228 |
| Travel | $266,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,771 |
| Insurance | $148,464 |
| All other expenses | $0 |
| Total functional expenses | $13,074,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,472,812 |
| Savings and temporary cash investments | $56,485 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $120,531 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $10,604,451 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,135 |
| Total assets | $15,187,245 |
| Accounts payable and accrued expenses | $1,084,623 |
| Grants payable | $0 |
| Deferred revenue | $282,226 |
| Tax-exempt bond liabilities | $0 |
| 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 | $743,315 |
| Total liabilities | $2,110,164 |
| 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 | $13,077,081 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Reason Foundation has recieved totaling $73,550.
| Awarding Organization | Amount |
|---|---|
Offerdahl Family Foundation Incline Village, NV PURPOSE: ADVANCES A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES, INCLUDING INDIVIDUAL LIBERTY, FREE MARKETS, AND THE RULE OF LAW. | $60,000 |
Millennium Evergreen Charitable Fund Owings Mills, MD PURPOSE: GENERAL SUPPORT | $7,500 |
James Deering Danielson Foundation Chicago, IL PURPOSE: SOCIAL SERVICES | $5,000 |
Lff Foundation Milwaukee, WI PURPOSE: OPERATING EXPENSES | $500 |
Strauss Foundation Incorporated Owings Mills, MD PURPOSE: EDUCATION | $300 |
Crawford Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $250 |
Endowment Analysis
| Beg. Balance | $81,703 |
| Other Expense | $30,424 |
| Ending Balance | $51,279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |
Teach-Org Inc San Francisco, CA | $5,801,007 | $13,162,873 |
The Reason Foundation Los Angeles, CA | $15,187,245 | $16,170,727 |
San Francisco Study Center Inc San Francisco, CA | $5,230,719 | $12,852,895 |