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← RAND CORPORATION

Form 990 for tax year 2022

Filed by RAND CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 26 June 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$467,202,380
Total expenses
$413,015,979
Contributions and grants received
$438,159,245
Grants paid
$361,647
Program services expenses (Part IX)
$321,816,748
Management and general expenses
$86,032,454
Fundraising expenses
$5,166,777
Program service expenses (Part III)
$321,816,748

Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CARL O BILDT

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CHUCK HAGEL

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DAVID L PORGES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONALD B RICE

    TRUSTEE (Part Year)

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • FRANCIS FUKUYAMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GERALD L PARSKY

    TRUSTEE (PART YEAR)

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JANET NAPOLITANO

    TRUSTEE

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JOEL Z HYATT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAREN ELLIOTT HOUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KENNETH FEINBERG

    TRUSTEE (PART YEAR)

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LEONARD D SCHAEFFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LIONEL C JOHNSON

    TRUSTEE

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MALCOLM GLADWELL

    TRUSTEE (Part Year)

    Total calculated
    $0
    Hours/week
    1

  • MARY E PETERS

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MICHAEL E LEITER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL GOULD

    TRUSTEE (Part Year)

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MICHAEL LYNTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PEDRO JOSE GREER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER LOWY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PHILIP LADER

    TRUSTEE (Part Year)

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • RAYNARD S KINGTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD J DANZIG

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • SOLEDAD O'BRIEN

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • TERESA ROSEBOROUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW HOEHN

    SVP, RESEARCH AND ANALYSIS

    Total calculated
    $582,683
    From this org
    $529,129
    From related orgs
    $0
    Other
    $53,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,151
    Bonus
    $99,092
    Other
    $8,886
    Deferred
    $35,350
    Nontaxable benefits
    $18,204
    Filer's total
    $582,683

  • ERIC PELTZ

    SVP, Finance & Operations

    Total calculated
    $536,183
    From this org
    $464,635
    From related orgs
    $0
    Other
    $71,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,419
    Bonus
    $94,389
    Other
    $5,827
    Deferred
    $35,350
    Nontaxable benefits
    $36,198
    Filer's total
    $536,183

  • Jason Matheny

    President and CEO (Start 7/5/22)

    Total calculated
    $467,609
    From this org
    $426,335
    From related orgs
    $0
    Other
    $41,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,038
    Bonus
    $78,395
    Other
    $28,902
    Deferred
    $39,020
    Nontaxable benefits
    $2,254
    Filer's total
    $467,609

  • MICHAEL J JANUZIK

    VP, CHIEF FINANCIAL OFFICER

    Total calculated
    $479,169
    From this org
    $418,262
    From related orgs
    $0
    Other
    $60,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,271
    Bonus
    $37,380
    Other
    $10,611
    Deferred
    $35,350
    Nontaxable benefits
    $25,557
    Filer's total
    $479,169

  • Nancy Staudt

    Dean, Pardee RAND Graduate School

    Total calculated
    $491,989
    From this org
    $443,897
    From related orgs
    $0
    Other
    $48,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $367,796
    Bonus
    $69,039
    Other
    $7,062
    Deferred
    $35,350
    Nontaxable benefits
    $12,742
    Filer's total
    $491,989

  • ROBERT CASE

    VP, GENERAL CNSL & CORP SEC

    Total calculated
    $473,643
    From this org
    $403,263
    From related orgs
    $0
    Other
    $70,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,770
    Bonus
    $39,136
    Other
    $5,357
    Deferred
    $35,350
    Nontaxable benefits
    $35,030
    Filer's total
    $473,643

  • ALLISON E ELDER

    VP, HUMAN RESOURCES

    Total calculated
    $393,497
    From this org
    $330,146
    From related orgs
    $0
    Other
    $63,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,367
    Bonus
    $27,295
    Other
    $7,484
    Deferred
    $35,350
    Nontaxable benefits
    $28,001
    Filer's total
    $393,497

  • ANITA CHANDRA

    VP, SEW

    Total calculated
    $424,301
    From this org
    $376,971
    From related orgs
    $0
    Other
    $47,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,898
    Bonus
    $50,801
    Other
    $5,272
    Deferred
    $35,350
    Nontaxable benefits
    $11,980
    Filer's total
    $424,301

  • BRANDON BAKER

    VP, DEVELOPMENT

    Total calculated
    $487,013
    From this org
    $432,573
    From related orgs
    $0
    Other
    $54,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $377,459
    Bonus
    $50,075
    Other
    $5,039
    Deferred
    $29,250
    Nontaxable benefits
    $25,190
    Filer's total
    $487,013

  • CHERYL DAMBERG

    SR, ECONOMIST PRINCIPAL

    Total calculated
    $448,840
    From this org
    $376,220
    From related orgs
    $0
    Other
    $72,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,023
    Bonus
    $50,970
    Other
    $6,227
    Deferred
    $35,350
    Nontaxable benefits
    $37,270
    Filer's total
    $448,840

  • KEVIN JACK RILEY

    VP, HSRD

    Total calculated
    $464,073
    From this org
    $404,169
    From related orgs
    $0
    Other
    $59,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,854
    Bonus
    $57,496
    Other
    $6,819
    Deferred
    $35,350
    Nontaxable benefits
    $24,554
    Filer's total
    $464,073

  • MICHAEL WEITZENFELD

    VP, CIO

    Total calculated
    $469,286
    From this org
    $400,431
    From related orgs
    $0
    Other
    $68,855
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,062
    Bonus
    $43,134
    Other
    $5,235
    Deferred
    $35,350
    Nontaxable benefits
    $33,505
    Filer's total
    $469,286

  • JENNIFER GOULD

    FORMER OFFICER

    Total calculated
    $309,350
    From this org
    $248,333
    From related orgs
    $0
    Other
    $61,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,300
    Bonus
    $18,031
    Other
    $5,002
    Deferred
    $28,432
    Nontaxable benefits
    $32,585
    Filer's total
    $309,350

  • MICHAEL RICH

    PRESIDENT & CEO

    Total calculated
    $1,042,357
    From this org
    $988,848
    From related orgs
    $0
    Other
    $53,509
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $415,535
    Bonus
    $275,615
    Other
    $297,698
    Deferred
    $35,350
    Nontaxable benefits
    $18,159
    Filer's total
    $1,042,357

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 — 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 · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 1a First-class or charter travel
RAND'S TRAVEL POLICY PROHIBITS FIRST CLASS TRAVEL EXCEPT IN LIMITED CIRCUMSTANCES. IN ACCORDANCE WITH THIS POLICY, PART VII LISTED PERSONS WILL OCCASIONALLY TRAVEL FIRST CLASS.
Schedule J, Part I, Line 1a Travel for companions
EXCEPT UNDER VERY LIMITED CIRCUMSTANCES, TRAVEL EXPENSES FOR A TRAVELER'S SPOUSE AND/OR FAMILY ARE NOT REIMBURSABLE. ANY SUCH REQUESTS MUST BE APPROVED IN ADVANCE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
IN 2022, MICHAEL RICH AND JASON MATHENY RECEIVED PAYMENTS RELATED TO THE NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). THE ORGANIZATION'S SERP PROVIDES A BENEFIT DETERMINED BY A FORMULA DRIVEN BY COMPENSATION, CONTINIOUS SERVICE, AND AGE. THE BENEFIT IS PAID IMMEDIATELY AFTER THE END OF THE CALENDAR YEAR. THE MAXIMUM DEFERRAL AMOUNT UNDER SECTION 457 (B), $20,500 FOR CY2022, IS DEPOSITED INTO A RABBI TRUST HELD BY THE NEWPORT TRUST (CUSTODIAN), WHICH ALLOWS THE EXECUTIVE TO DIRECT HOW THE BENEFITS WILL BE INVESTED WITHIN THEIR NONQUALIFIED RETIREMENT ACCOUNTS. THE REMAINDER ACCOUNTS ARE PAID DIRECTLY TO THE PARTICIPANT AND ARE INCLUDED AS PART OF THE W-2 EARNINGS UNDER SECTION 457 (F). CY2022 PAYMENT RELATED TO SECTION 457 (B), INCLUDED IN SCHEDULE J, WERE $3,670 FOR JASON MATHENY. CY2022 PAYMENTS RELATED TO SECTION 457 (F), INCLUDED IN SCHEDULE J, WERE $95,119 FOR MICHAEL RICH.
Schedule J, Part I, Line 7 Non-fixed payments
AS NOTED IN SCHEDULE O, PART OF THE BONUS PROVIDED TO PARTICIPANTS OF THE VARIABLE COMPENSATION PROGRAM IS DISCRETIONARY. A PREDETERMINED PERCENTAGE OF THE VARIABLE PAY MAY BE AWARDED AT THE DISCRETION OF THE CEO. THE VARIABLE COMPENSATION PROGRAM IS CONTINGENT ON WHETHER CERTAIN GOALS ARE ACHIEVED, INCLUDING CORPORATE FINANCIAL AND STRATEGIC ACHIEVEMENTS, AS WELL AS INDIVIDUAL GOALS. THE CEO, CFO, DIVISION AND DEPARTMENT HEADS, AND OTHERS PARTICIPATE IN THE PROGRAM. AN ANNUAL REVIEW PROCESS, INCLUDING REVIEW BY THE EXECUTIVE COMMITTEE OR COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE, HELPS ENSURE THAT GOAL MEASUREMENT IS VALIDATED AND PAYOUTS ARE IN ACCORDANCE WITH THE PROGRAM.

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.

  • RAND EUROPE (UK)

    POLICY RSRCH · UK · controlled entity

    Directly controlled by RAND CORP

  • RAND EUROPE (EU) AISBL

    POLICY RSRCH · BE · controlled entity

    Directly controlled by RAND CORP

  • STICHTING RAND EUROPE NL

    POLICY RSRCH · NL · controlled entity

    Directly controlled by RAND CORP

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202442269349302569

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