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← FAITH AND REASON INSTITUTE

Form 990 for tax year 2024

Filed by FAITH AND REASON INSTITUTE.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 7 February 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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.

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

Totals

Total revenue
$975,070
Total expenses
$1,001,805
Contributions and grants received
$914,724
Grants paid
$8,252
Program service revenue
$0
Investment income
$60,346
Other revenue
$0
Total assets, end of year
$2,294,546
Total liabilities, end of year
-$12,222
Net assets or fund balances, end of year
$2,306,768
Program services expenses (Part IX)
$932,980
Management and general expenses
$68,825
Fundraising expenses
$0
Program service expenses (Part III)
$932,980

Program services were 93.1% 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

    $914,724

  • 3 · Investment income

    total $52,605 · related or exempt $52,605

  • 7a · Gross sales of assets other than inventory

    securities $40,000

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

    securities $32,259

  • 7c · Gain or loss

    securities $7,741

  • 7d · Net gain or loss

    total $7,741 · related or exempt $7,741

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,252 · program services $8,252

  • 5 · Compensation of officers, directors and key employees

    total $179,500 · program services $161,550 · management and general $17,950

  • 7 · Other salaries and wages

    total $113,000 · program services $90,303 · management and general $22,697

  • 8 · Pension plan contributions

    total $22,080 · program services $18,927 · management and general $3,153

  • 10 · Payroll taxes

    total $20,772 · program services $17,731 · management and general $3,041

  • 11a · Fees: management

    total $9,090 · program services $9,090

  • 11b · Fees: legal

    total $225 · management and general $225

  • 11c · Fees: accounting

    total $4,486 · program services $628 · management and general $3,858

  • 11f · Fees: investment management

    total $11,837 · program services $10,180 · management and general $1,657

  • 13 · Office expenses

    total $29,717 · program services $25,557 · management and general $4,160

  • 16 · Occupancy

    total $10,340 · program services $8,892 · management and general $1,448

  • 17 · Travel

    total $35,023 · program services $35,023

  • 22 · Depreciation, depletion and amortization

    total $540 · management and general $540

  • 24a · Other expenses: CONTRACT LABOR

    total $309,967 · program services $309,967

  • 24b · Other expenses: BOOKS AND PUBLICATIONS

    total $9,338 · program services $9,338

  • 24c · Other expenses: PROGRAM EXPENSES

    total $170,986 · program services $170,986

  • 24d · Other expenses: PRINTING AND POSTAGE

    total $20,165 · program services $17,342 · management and general $2,823

  • 24e · All other expenses

    total $46,487 · program services $39,214 · management and general $7,273

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $550,940 · end of year $317,354

  • 2 · Savings and temporary cash investments

    beginning of year $438,506 · end of year $88,918

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

    $14,038

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

    $13,227

  • 10c · Land, buildings and equipment, net

    beginning of year $1,352 · end of year $811

  • 11 · Investments: publicly traded securities

    beginning of year $1,116,253 · end of year $1,887,463

  • 25 · Other liabilities

    beginning of year -$1,182 · end of year -$12,222

  • 27 · Net assets without donor restrictions

    beginning of year $2,108,233 · end of year $2,306,768

Mission and programs · 2024

Mission

FAITH & REASON INSTITUTE IS AN EDUCATIONAL AND CULTURAL ORGANIZATION THAT STUDIES THE RELATIONS BETWEEN RELIGIOUS, EHTICAL, AND PUBLIC QUESTIONS, AND DISSEMINATES FINDINGS THROUGH CONFERENCES, PUBLICATIONS, AND OTHER MEANS.

  • OUR EXPENSES GO TO THE PUBLICATION OF A DAILY ONLINE COMMENTARY, ALONG WITH LINKS TO NEWS AND OTHER ITEMS OF INTEREST; PRODUCTION OF PODCASTS ABOUT RELIGION AND THE PUBLIC SQUARE; COVERAGE OF SIGNIFICANT CATHOLIC EVENTS IN ROME; DEVELOPMENT OF ONLINE COURSES; SPONSORSHIP OF SEMINARS AND CONFERENCES IN THE U.S. AND ABROAD; AND THE WRITING OF BOOKS CONNECTED WITH SUBJECTS CRUCIAL TO FAITH AND REASON.

    Expenses $932,980

As filed on the 2024 return.

Listed in Part VII

  • Robert Royal

    PRESIDENT AND CEO

    Total calculated
    $179,500
    From this org
    $179,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,500
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $179,500

  • James Lucier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Michael G Crofton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Fr Gerald Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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

None.

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 February 2026
IRS schema version
2024v5.2
Source object
202630429349301668

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