Form 990 for tax year 2024

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $412,000,000 · program services $412,000,000

• 5 · Compensation of officers, directors and key employees

  total $22,600 · management and general $22,600

• 11b · Fees: legal

  total $144,375 · management and general $144,375

• 11c · Fees: accounting

  total $89,850 · management and general $89,850

• 11g · Fees: other

  total $15,599 · management and general $15,599

• 20 · Interest

  total $157,181 · management and general $157,181

• 23 · Insurance

  total $87,341 · management and general $87,341

• 24a · Other expenses: POLITICAL CONTRIBUTIONS

  total $70,000,000 · program services $70,000,000

• 24b · Other expenses: REIMBURSE TO OSI

  total $222,918 · program services $205,300 · management and general $17,618

• 24c · Other expenses: REIMBURSE TO FPRI

  total $11,503 · management and general $11,503

• 24d · Other expenses: FILING FEES

  total $793 · management and general $793

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $62,328,456 · end of year $1,905,668

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,313,050 · end of year $1,109,192

• 12 · Investments: other securities

  beginning of year $3,193,239,813 · end of year $3,254,605,005

• 17 · Accounts payable and accrued expenses

  beginning of year $181,635 · end of year $272,781

• 18 · Grants payable

  beginning of year $15,000,000 · end of year $217,000,000

• 24 · Unsecured notes and loans payable

  end of year $10,000,000

• 25 · Other liabilities

  beginning of year $83,537 · end of year $217,904

• 27 · Net assets without donor restrictions

  beginning of year $3,241,616,147 · end of year $3,030,129,180

The filer's explanations (Part III)

PART I, LINE 4B

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SECTION 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ("THE PLAN") SPONSORED BY THE FILING ORGANIZATION OR A RELATED ORGANIZATION: BINAIFER NOWROJEE, LEONARD BENARDO, AND DEBBIE FINE. THE FOLLOWING 457(F) AMOUNTS WERE DEFERRED DURING YEAR AND REPORTED ON SCHEDULE J, PART II, COLUMN (C): BINAIFER NOWROJEE $57,433, LEONARD BENARDO $40,571, AND DEBBIE FINE $2,834.

SCHEDULE J, PART I, LINE 3

FPR HAS NO EMPLOYEES. EMPLOYEES OF OPEN SOCIETY INSTITUTE, A RELATED SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, PERFORM SERVICES FOR FPR. OPEN SOCIETY INSTITUTE IS REIMBURSED BY FPR INDIRECTLY THROUGH FUND FOR POLICY REFORM, INC., A RELATED 501(C)(4) TAX-EXEMPT ORGRANIZATION, FOR THEIR SERVICES BASED ON THE TIME THEY SPEND ON FPR MATTERS. THEIR COMPENSATION IS DETERMINED BY OPEN SOCIETY INSTITUTE, AND IS BASED ON MARKET COMPARABILITY DATA AND IS DOCUMENTED IN OPEN SOCIETY INSTITUTE'S RECORDS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• FPR MANAGER LLC

  INVESTMENT · DE · income $0 · assets $0

  Directly controlled by FPR

• FPR CAPITAL HOLDINGS LLC

  INVESTMENT · DE · income $0 · assets $5,107,429

  Directly controlled by FPR

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• QUANTUM ENDOWMENT CAYMAN FUND LIMITED

  C · INVESTMENT · CJ · 61.1% owned · share of income $149,084,623 · share of assets $1,444,678,415 · controlled entity

  Directly controlled by FPR

• QUANTUM ENDOWMENT CAYMAN LIMITED

  C · INVESTMENT · CJ · 100% owned · share of income $143,472,083 · share of assets $1,366,034,685 · controlled entity

  Directly controlled by FPR

• FPR INVESTMENT LTD

  C · INVESTMENT · CJ · 100% owned · share of assets $464,272,722 · controlled entity

  Directly controlled by FPR

• OPEN SOCIETY INSTITUTE MGMT SVCS LTD

  C · REAL ESTATE · CY

• BULGARIAN BUILDING FUND EOOD

  C · REAL ESTATE · BU

• QFPOS LLC

  C · INVESTMENT · CJ

• OPEN SOCIETY INSTITUTE COMPANY LTD

  C · CHARITABLE · KE