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← FOUNDATION FOR THE DEFENSE OF DEMOCRACIES INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR THE DEFENSE OF DEMOCRACIES INC.

Totals

Total revenue
$18,424,072
Total expenses
$19,996,565
Contributions and grants received
$17,850,316
Grants paid
$4,500
Program service revenue
$331,347
Investment income
$114,379
Other revenue
$128,030
Total assets, end of year
$33,154,261
Total liabilities, end of year
$6,352,392
Net assets or fund balances, end of year
$26,801,869
Program services expenses (Part IX)
$14,922,388
Management and general expenses
$2,952,006
Fundraising expenses
$2,122,171
Program service expenses (Part III)
$14,922,388

Program services were 74.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $17,850,316

  • 1g · Noncash contributions included above

    $68,328

  • 2a · Program service revenue: Registration revenue

    total $194,675 · related or exempt $194,675

  • 2b · Program service revenue: Consulting Revenue

    total $136,672 · related or exempt $136,672

  • 3 · Investment income

    total $114,262 · excluded $114,262

  • 6a · Gross rents

    real property $121,893

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $121,893

  • 6d · Net rental income or loss

    total $121,893 · excluded $121,893

  • 7a · Gross sales of assets other than inventory

    securities $68,445

  • 7b · Less cost or other basis and sales expenses

    securities $68,328

  • 7c · Gain or loss

    securities $117

  • 7d · Net gain or loss

    total $117 · excluded $117

  • 11a · Other revenue: Other revenue

    total $6,137 · excluded $6,137

  • 11e · Other revenue, total

    $6,137

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $4,500 · program services $4,500

  • 5 · Compensation of officers, directors and key employees

    total $3,912,675 · program services $2,444,437 · management and general $455,140 · fundraising $1,013,098

  • 7 · Other salaries and wages

    total $5,584,831 · program services $4,712,991 · management and general $590,433 · fundraising $281,407

  • 8 · Pension plan contributions

    total $57,422 · program services $51,484 · management and general $4,934 · fundraising $1,004

  • 9 · Other employee benefits

    total $600,487 · program services $469,861 · management and general $85,250 · fundraising $45,376

  • 10 · Payroll taxes

    total $525,694 · program services $398,340 · management and general $58,716 · fundraising $68,638

  • 11b · Fees: legal

    total $564,824 · program services $476,497 · management and general $83,172 · fundraising $5,155

  • 11c · Fees: accounting

    total $27,384 · program services $2,056 · management and general $25,328

  • 11f · Fees: investment management

    total $780 · management and general $780

  • 11g · Fees: other

    total $5,316,467 · program services $3,982,414 · management and general $1,245,810 · fundraising $88,243

  • 13 · Office expenses

    total $390,551 · program services $278,298 · management and general $59,656 · fundraising $52,597

  • 14 · Information technology

    total $504,119 · program services $321,326 · management and general $132,589 · fundraising $50,204

  • 16 · Occupancy

    total $958,887 · program services $726,689 · management and general $106,982 · fundraising $125,216

  • 17 · Travel

    total $946,440 · program services $570,995 · management and general $63,706 · fundraising $311,739

  • 19 · Conferences, conventions and meetings

    total $208,725 · program services $169,740 · management and general $2,564 · fundraising $36,421

  • 22 · Depreciation, depletion and amortization

    total $258,727 · program services $196,608 · management and general $28,621 · fundraising $33,498

  • 23 · Insurance

    total $134,052 · program services $116,152 · management and general $8,325 · fundraising $9,575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,275,621 · end of year $11,258,588

  • 3 · Pledges and grants receivable

    beginning of year $14,186,320 · end of year $9,794,161

  • 4 · Accounts receivable

    beginning of year $277,611 · end of year $676,505

  • 9 · Prepaid expenses and deferred charges

    beginning of year $400,759 · end of year $510,419

  • 10a · Land, buildings and equipment: cost or other basis

    $2,848,588

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,921,090

  • 10c · Land, buildings and equipment, net

    beginning of year $1,161,517 · end of year $927,498

  • 11 · Investments: publicly traded securities

    beginning of year $5,333,135 · end of year $5,347,534

  • 15 · Other assets

    beginning of year $1,120,452 · end of year $4,639,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $890,887 · end of year $943,619

  • 25 · Other liabilities

    beginning of year $2,253,019 · end of year $5,408,773

  • 27 · Net assets without donor restrictions

    beginning of year $12,181,100 · end of year $13,443,555

  • 28 · Net assets with donor restrictions

    beginning of year $16,430,409 · end of year $13,358,314

Mission and programs · 2022

Mission

To conduct research and provide education on national security and on international terrorism. See Schedule O for full mission

Activities or mission (Part I)

Research institute focusing on foreign policy and national security- See Schedule O

  • Research: Provides research on national security, international relations, terrorism, and related issues on a timely basis and in response to the political and societal environment.

    Expenses $4,375,011 · Grants $4,500

  • Communications and Government Relations: Educates the general public and policy audiences on issues related to national security, international relations, terrorism, and other issues related to the defense of democratic societies and institutions.

    Expenses $2,240,375

  • Iran Threat: Provides policy research, analysis, and education addressing Iran's support for terrorism and the pursuit of nuclear weapons.

    Expenses $2,182,372 · Revenue $194,675

  • Center on Economic and Financial Power: Examines how democracies can use sanctions as economic coercion, deter illicit finance, and defend themselves against economic warfare.

    Expenses $1,968,574

  • Center on Military and Political Power: Promotes understanding of the defense strategies, policies, and capabilities necessary to deter and defeat threats to the freedom, security, and prosperity of Americans and our allies by providing rigorous, timely, and relevant research and analysis.

    Expenses $1,651,242

  • Center on Cyber and Technology Innovation: Aims to promote a greater understanding of the threats and opportunities to national security posed by the rapidly expanding technological environment.

    Expenses $1,406,754 · Revenue $136,672

  • Conducts research: Conduct research and analysis of certain groups and nations that may cause harm to the US or other democratic allies.

    Expenses $641,804

  • Education and Training Programs: Provide mentoring, skill-building workshops, roundtables, and travel opportunities to mid-career professionals working in various aspects of national security and public policy.

    Expenses $456,256

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Timothy Gordon

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Bernard Marcus

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Bilzin

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Arditi

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Barish

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Naftaly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Dezenhall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gil Tenzer

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Litinsky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Schwartz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Larry Hochberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lennert Leader

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leonard Abramson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Pelson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Pruzanksi

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Cohen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Natty Nashman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Kargman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tina Snider

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Dubowitz

    CEO

    Total calculated
    $817,725
    From this org
    $771,682
    From related orgs
    $0
    Other
    $46,043
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $419,595
    Bonus
    $240,000
    Other
    $112,087
    Deferred
    $9,150
    Nontaxable benefits
    $36,893
    Filer's total
    $817,725

  • Clifford May

    President

    Total calculated
    $717,088
    From this org
    $678,184
    From related orgs
    $163
    Other
    $38,741
    Hours/week
    60 + 2 related

    Schedule J breakdown matched by us

    Base
    $408,132 + $163 related
    Bonus
    $240,000
    Other
    $30,052
    Deferred
    $9,150
    Nontaxable benefits
    $29,591
    Filer's total
    $716,925 + $163 related

  • Jonathan J Schanzer

    Senior Vice President

    Total calculated
    $606,660
    From this org
    $560,617
    From related orgs
    $0
    Other
    $46,043
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $350,243
    Bonus
    $187,500
    Other
    $22,874
    Deferred
    $9,150
    Nontaxable benefits
    $36,893
    Filer's total
    $606,660

  • William McCarthy

    COO

    Total calculated
    $551,522
    From this org
    $537,597
    From related orgs
    $4,468
    Other
    $9,457
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $364,763 + $4,468 related
    Bonus
    $150,000
    Other
    $22,834
    Deferred
    $9,150
    Nontaxable benefits
    $307
    Filer's total
    $547,054 + $4,468 related

  • Lawrence Muscant

    Senior Vice President

    Total calculated
    $656,667
    From this org
    $610,624
    From related orgs
    $0
    Other
    $46,043
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $402,324
    Bonus
    $187,500
    Other
    $20,800
    Deferred
    $9,150
    Nontaxable benefits
    $36,893
    Filer's total
    $656,667

  • Toby R Dershowitz

    Senior Vice President

    Total calculated
    $624,267
    From this org
    $566,129
    From related orgs
    $36,000
    Other
    $22,138
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $356,149 + $36,000 related
    Bonus
    $187,500
    Other
    $22,480
    Deferred
    $9,150
    Nontaxable benefits
    $12,988
    Filer's total
    $588,267 + $36,000 related

  • Mart Montgomery

    Senior Director / Senior Fellow

    Total calculated
    $266,251
    From this org
    $255,713
    From related orgs
    $0
    Other
    $10,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,423
    Bonus
    $20,000
    Other
    $1,290
    Deferred
    $7,633
    Nontaxable benefits
    $2,905
    Filer's total
    $266,251

  • Georgianna Shea

    Chief Technologist

    Total calculated
    $262,734
    From this org
    $242,413
    From related orgs
    $0
    Other
    $20,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,963
    Bonus
    $15,000
    Other
    $450
    Deferred
    $7,333
    Nontaxable benefits
    $12,988
    Filer's total
    $262,734

  • Bradley L Bowman

    Senior Director

    Total calculated
    $251,809
    From this org
    $215,498
    From related orgs
    $0
    Other
    $36,311
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,808
    Bonus
    $30,000
    Other
    $690
    Deferred
    $6,444
    Nontaxable benefits
    $29,867
    Filer's total
    $251,809

  • Kathryn E Helman

    Vice President

    Total calculated
    $225,410
    From this org
    $200,910
    From related orgs
    $7,699
    Other
    $16,801
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $181,470 + $7,699 related
    Bonus
    $18,750
    Other
    $690
    Deferred
    $6,323
    Nontaxable benefits
    $10,478
    Filer's total
    $217,711 + $7,699 related

  • John Leavey

    Vice President

    Total calculated
    $212,900
    From this org
    $205,230
    From related orgs
    $0
    Other
    $7,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,500
    Bonus
    $18,750
    Other
    $1,980
    Deferred
    $6,098
    Nontaxable benefits
    $1,572
    Filer's total
    $212,900

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
FDD grosses up the reimbursement of the Chief Executive Officer's supplemental life insurance so that the net amount covers the cost of the policy. This insurance is provided as a result of an enhanced security risk to the CEO and is included in his taxable compensation.to the CEO and is included in his taxable compensation. Additionally, during 2022 and into 2023, the CEO was on an overseas assignment. Certain costs related to this assignment were taxable to the CEO and were grossed-up to cover the taxable costs of these expenses.
Part I, Line 1b
While there is no written policy for these expenses, the reimbursements were approved by the Compensation Committee.
Part I, Line 7
Bonus targets are set annually by management and the Compensation Committee. Bonuses are paid to staff based on performance and accomplishments. Regular employee bonuses are approved by management. Bonuses to the President, CEO, and officers are set and approved by the Compensation Committee.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • FDD Action

    501(c)(4) · Advocate for effective policies to promote U.S. national security · DC · controlled entity

    Directly controlled by Foundation for the Defense of Democracies Inc

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202333009349301453

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