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← FOUNDATION FOR THE DEFENSE OF DEMOCRACIES INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR THE DEFENSE OF DEMOCRACIES INC.

Totals

Total revenue
$23,924,041
Total expenses
$25,394,541
Contributions and grants received
$23,209,636
Grants paid
$500,000
Program service revenue
$189,961
Investment income
$395,972
Other revenue
$128,472
Total assets, end of year
$31,722,831
Total liabilities, end of year
$6,211,205
Net assets or fund balances, end of year
$25,511,626
Program services expenses (Part IX)
$19,243,192
Management and general expenses
$3,784,005
Fundraising expenses
$2,367,344
Program service expenses (Part III)
$19,243,192

Program services were 75.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Timothy Gordon

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Leonard Abramson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Isaac Applbaum started 52323

    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

  • Brian Bilzin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Cohen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Dezenhall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Larry Hochberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Horowitz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Kargman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lennert Leader

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Litinsky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bernard Marcus

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Naftaly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Natty Nashman

    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

  • Kenneth Schwartz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tina Snider

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Sterling

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gil Tenzer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Dubowitz

    CEO

    Total calculated
    $909,838
    From this org
    $860,629
    From related orgs
    $0
    Other
    $49,209
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $404,484
    Bonus
    $320,000
    Other
    $136,145
    Deferred
    $9,900
    Nontaxable benefits
    $39,309
    Filer's total
    $909,838

  • Clifford May

    President

    Total calculated
    $800,542
    From this org
    $758,588
    From related orgs
    $488
    Other
    $41,466
    Hours/week
    60 + 2 related

    Schedule J breakdown matched by us

    Base
    $406,371 + $488 related
    Bonus
    $320,000
    Other
    $32,217
    Deferred
    $9,900
    Nontaxable benefits
    $31,566
    Filer's total
    $800,054 + $488 related

  • Jonathan J Schanzer

    Senior Vice President

    Total calculated
    $673,707
    From this org
    $624,498
    From related orgs
    $0
    Other
    $49,209
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $349,483
    Bonus
    $250,000
    Other
    $25,015
    Deferred
    $9,900
    Nontaxable benefits
    $39,309
    Filer's total
    $673,707

  • William McCarthy

    COO

    Total calculated
    $604,927
    From this org
    $588,311
    From related orgs
    $6,660
    Other
    $9,956
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $363,340 + $6,660 related
    Bonus
    $200,000
    Other
    $24,971
    Deferred
    $9,900
    Nontaxable benefits
    $56
    Filer's total
    $598,267 + $6,660 related

  • Lawrence Muscant

    Senior Vice President

    Total calculated
    $825,654
    From this org
    $776,445
    From related orgs
    $0
    Other
    $49,209
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $453,495
    Bonus
    $300,000
    Other
    $22,950
    Deferred
    $9,900
    Nontaxable benefits
    $39,309
    Filer's total
    $825,654

  • Toby R Dershowitz

    Senior Vice President

    Total calculated
    $693,288
    From this org
    $508,420
    From related orgs
    $154,276
    Other
    $30,592
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $302,370 + $85,846 related
    Bonus
    $187,500 + $62,500 related
    Other
    $18,550 + $5,930 related
    Deferred
    $7,425 + $2,475 related
    Nontaxable benefits
    $13,848 + $6,844 related
    Filer's total
    $529,693 + $163,595 related

  • Elaine K Dezenski

    Senior Director

    Total calculated
    $324,840
    From this org
    $284,553
    From related orgs
    $0
    Other
    $40,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,863
    Bonus
    $25,000
    Other
    $690
    Deferred
    $8,721
    Nontaxable benefits
    $31,566
    Filer's total
    $324,840

  • Elizabeth L Robbins

    Vice President

    Total calculated
    $322,951
    From this org
    $310,690
    From related orgs
    $0
    Other
    $12,261
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $60,000
    Other
    $690
    Deferred
    $9,321
    Nontaxable benefits
    $2,940
    Filer's total
    $322,951

  • Mark Montgomery

    Senior Director / Senior Fellow

    Total calculated
    $304,320
    From this org
    $275,713
    From related orgs
    $0
    Other
    $28,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,423
    Bonus
    $25,000
    Other
    $1,290
    Deferred
    $8,271
    Nontaxable benefits
    $20,336
    Filer's total
    $304,320

  • Georgianna Shea

    Chief Technologist

    Total calculated
    $277,761
    From this org
    $256,149
    From related orgs
    $0
    Other
    $21,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,949
    Bonus
    $18,750
    Other
    $450
    Deferred
    $7,764
    Nontaxable benefits
    $13,848
    Filer's total
    $277,761

  • Bradley L Bowman

    Senior Director

    Total calculated
    $293,617
    From this org
    $254,152
    From related orgs
    $0
    Other
    $39,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,462
    Bonus
    $30,000
    Other
    $690
    Deferred
    $7,625
    Nontaxable benefits
    $31,840
    Filer's total
    $293,617

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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 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. 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. As Outlined in FDD's Travel policy, First-Class/Business Class travel is offered for travel over a certain length of time. Also housing allowance is offered for International Assignments.
Part I, Line 1b
While there is no written policy for these expenses, the reimbursements were approved by the Compensation Committee. Additionally, First-Class/Bussiness Class travel is included in FDD's travel policy. All other items are at the descretion of Senior Management and/or FDD's 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

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
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202413129349300241

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