Totals
- Total revenue
- $4,070,807
- Total expenses
- $5,035,747
- Contributions and grants received
- $3,822,104
- Grants paid
- $0
- Program service revenue
- $58,978
- Investment income
- $96,993
- Other revenue
- $92,732
- Total assets, end of year
- $8,201,976
- Total liabilities, end of year
- $547,469
- Net assets or fund balances, end of year
- $7,654,507
- Program services expenses (Part IX)
- $4,180,576
- Management and general expenses
- $385,355
- Fundraising expenses
- $469,816
- Program service expenses (Part III)
- $4,180,576
Program services were 83.0% 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
$3,822,104
-
1g · Noncash contributions included above
$433,446
-
2a · Program service revenue: SUBSCRIPTIONS & ROYALTIES
total $58,978 · related or exempt $58,978
-
3 · Investment income
total $154,858 · excluded $154,858
-
7a · Gross sales of assets other than inventory
securities $2,582,349
-
7b · Less cost or other basis and sales expenses
securities $2,640,214
-
7c · Gain or loss
securities -$57,865
-
7d · Net gain or loss
total -$57,865 · excluded -$57,865
-
10a · Gross sales of inventory
$302,685
-
10b · Cost of goods sold
$209,953
-
10c · Net income from sales of inventory
total $92,732 · related or exempt $92,732
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $658,068 · program services $473,809 · management and general $85,549 · fundraising $98,710
-
7 · Other salaries and wages
total $1,233,278 · program services $946,714 · management and general $178,730 · fundraising $107,834
-
9 · Other employee benefits
total $119,030 · program services $90,059 · management and general $13,426 · fundraising $15,545
-
10 · Payroll taxes
total $134,902 · program services $97,602 · management and general $22,888 · fundraising $14,412
-
11c · Fees: accounting
total $99,617 · program services $52,630 · management and general $34,534 · fundraising $12,453
-
11g · Fees: other
total $1,554,490 · program services $1,432,615 · management and general $21,235 · fundraising $100,640
-
12 · Advertising and promotion
total $864,114 · program services $806,348 · management and general $5,055 · fundraising $52,711
-
13 · Office expenses
total $29,802 · program services $19,389 · management and general $2,521 · fundraising $7,892
-
14 · Information technology
total $3,631 · program services $3,441 · management and general $88 · fundraising $102
-
16 · Occupancy
total $45,868 · program services $34,712 · management and general $5,165 · fundraising $5,991
-
17 · Travel
total $171,114 · program services $138,530 · management and general $4,849 · fundraising $27,735
-
22 · Depreciation, depletion and amortization
total $13,779 · program services $10,428 · management and general $1,551 · fundraising $1,800
-
23 · Insurance
total $39,409 · program services $29,824 · management and general $4,437 · fundraising $5,148
-
24a · Other expenses: SUBSCRIPTIONS & MEMBERS
total $26,211 · program services $20,325 · management and general $2,065 · fundraising $3,821
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $14,134 · program services $10,697 · management and general $1,591 · fundraising $1,846
-
24c · Other expenses: VOICE & DATA LINES
total $13,075 · program services $10,034 · management and general $1,408 · fundraising $1,633
-
24d · Other expenses: PROCESSING FEES
total $10,953 · program services $3,400 · management and general $263 · fundraising $7,290
-
24e · All other expenses
total $4,272 · program services $19 · fundraising $4,253
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $257,662 · end of year $106,664
-
2 · Savings and temporary cash investments
beginning of year $1,435,205 · end of year $2,081,301
-
3 · Pledges and grants receivable
beginning of year $186,484 · end of year $190,000
-
4 · Accounts receivable
beginning of year $84,887 · end of year $218,576
-
8 · Inventories for sale or use
beginning of year $133,938 · end of year $195,826
-
9 · Prepaid expenses and deferred charges
beginning of year $21,223 · end of year $55,953
-
10a · Land, buildings and equipment: cost or other basis
$267,597
-
10b · Land, buildings and equipment: accumulated depreciation
$196,300
-
10c · Land, buildings and equipment, net
beginning of year $81,326 · end of year $71,297
-
11 · Investments: publicly traded securities
beginning of year $6,863,287 · end of year $5,187,472
-
15 · Other assets
end of year $94,887
-
17 · Accounts payable and accrued expenses
beginning of year $701,106 · end of year $452,500
-
25 · Other liabilities
beginning of year $0 · end of year $94,969
-
27 · Net assets without donor restrictions
beginning of year $5,147,840 · end of year $6,491,710
-
28 · Net assets with donor restrictions
beginning of year $3,215,066 · end of year $1,162,797
Mission and programs · 2022
Mission
ESTABLISHED IN THE ENTREPRENEURIAL SPIRIT OF ITS HOME IN SILICON VALLEY, THE NON-PROFIT, NON-PARTISAN INDEPENDENT INSTITUTE EMPLOYS INNOVATIVE THINKING TO BOLDLY ADVANCE PEACEFUL, PROSPEROUS, AND FREE SOCIETIES GROUNDED IN A COMMITMENT TO HUMAN WORTH AND DIGNITY.
Activities or mission (Part I)
ADVANCE PEACEFUL, PROSPEROUS, & FREE SOCIETIES GROUNDED IN A COMMITMENT TO HUMAN WORTH & DIGNITY.
-
SPARKING ENTREPRENEURSHIP & INNOVATION: INDEPENDENT REVERSES GOVERNMENT GROWTH BY SPOTLIGHTING WRONGDOING AND OFFERING PRACTICAL, TECH-FORWARD SOLUTIONS GROUNDED IN NATURAL LAW. WE GENERATE SOLUTIONS IN BUSINESS, HOUSING, HEALTHCARE, ENTITLEMENTS, THE ENVIRONMENT, AND GLOBAL PROSPERITY. OUR CALIFORNIA GOLDEN FLEECE AWARDS, AWARD-WINNING BOOKS, STUDIES, SPANISH WEBSITE, AND MULTI-MEDIA CAMPAIGNS SHARE OUR SOLUTIONS WITH CIVIC LEADERS, THE MEDIA, AND THE PUBLIC. OUR WORK HAS BEEN INTRODUCED IN NATIONAL LEGISLATION, CONTRIBUTED TO THE ELIMINATION OF THE INDIVIDUAL HEALTHCARE MANDATE, MOTIVATED REFORM IN THE CALIFORNIA DEPARTMENT OF WATER RESOURCES AND DEPARTMENT OF FORESTRY AND FIREPREVENTION, AND HAS BEEN SIGNED INTO LAW IN CALIFORNIA.
Expenses $1,286,854 · Revenue $1,080
-
DEFENDING CIVIL LIBERTIES: INDEPENDENT REMINDS THE PUBLIC, MEDIA, AND CIVIC LEADERS ABOUT CONSTITUTIONAL LIMITS ON GOVERNMENT AND THE CIVIL LIBERTIES THOSE LIMITS PROTECT. OUR PRINCIPLED, PEER-REVIEWED RESEARCH CRITICALLY REVIEWS POLICIES AND APPROACHES TO TORT LIABILITY, CRIMINALJUSTICE, CONSTITUTIONAL LAW, PROPERTY RIGHTS, CIVIL LIBERTIES, FOREIGN POLICY, AND HUMAN MORALITY TO PRESERVE AND EXPAND INDIVIDUAL LIBERTY.OUR RESEARCH AND SOLUTIONS ARE DISSEMINATED THROUGH AWARD-WINNING BOOKS, STUDIES, EVENTS, REGIONAL AND NATIONAL MULTI-MEDIA CAMPAIGNS, AND HAVE INSPIRED LEGISLATIVE TESTIMONY BEFORE A U.S. HOUSE COMMITTEE, SENATE JUDICIARY COMMITTEE, AND HAVE BEEN CITED MULTIPLE TIMES BY THEU.S. SUPREME COURT.
Expenses $335,679 · Revenue $150,530
-
EDUCATING THE NEXT GENERATION: INDEPENDENT ENGAGES AND INSPIRES YOUNG PEOPLE AND PARENTS WITH THE PRINCIPLES OF LIBERTY, AND EMPOWERS PARENTS TO SELECT THE BEST EDUCATION FOR THEIR CHILDREN. OUR SATIRICAL YOUTUBE SERIES, LOVE GOV, APPLIES FREE-MARKET THINKING TO HOUSING, EMPLOYMENT, HEALTHCARE, EDUCATION, AND PRIVACY, AND HAS ACHIEVED WELL OVER 7.4 MILLION VIEWS PRIMARILY FROM MILLENNIALS. THIS YEAR, WE LAUNCH LOVE GOV SEASON TWO WITH A COMPLEMENTARY WEBSITE AND SOCIAL MEDIA PORTFOLIO. OUR INTERNSHIPS AND YOUTH-FOCUSED EVENTS OFFER HANDS-ON LEARNING, AND OUR EFFORTS TO BUILD AWARENESS FOR SCHOOL CHOICE, AFFORDABLE PRIVATE SCHOOLMODELS, AND HIGHER EDUCATION REFORMS ARE EXPANDING EDUCATIONAL OPPORTUNITY FOR ALL.
Expenses $1,329,786 · Revenue $100
-
Expenses $1,228,257
As filed on the 2022 return.
Listed in Part VII
-
John Hagel III JDJOHN HAGEL III JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sally HarrisSALLY HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary Schlarbaum PhD CFAGARY SCHLARBAUM PHD CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan SolinskySUSAN SOLINSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David Teece PhDDAVID TEECE PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mary TherouxMARY THEROUX
CHAIRMAN & CEO
- Total calculated
- $0
- Hours/week
- 40
-
Sarah O'DowdSARAH O'DOWD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael CasslingMICHAEL CASSLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Graham WalkerGRAHAM WALKER
PRESIDENT
- Total calculated
- $214,836
- From this org
- $214,836
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,836
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $214,836
-
Williamson EversWILLIAMSON EVERS
SENIOR FELLOW
- Total calculated
- $182,556
- From this org
- $182,556
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,556
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $182,556
-
Ivan ElandIVAN ELAND
SENIOR FELLOW
- Total calculated
- $134,652
- From this org
- $134,652
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lawrence J McQuillanLAWRENCE J MCQUILLAN
SENIOR FELLOW
- Total calculated
- $126,024
- From this org
- $126,024
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
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.
-
DAVID J & MARY LG THEROUX FOUNDATION
501 (C) (3) · GRANT-MAKING · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349312005
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.