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Nonprofiteer
← CATO INSTITUTE

Form 990 for tax year 2023

Filed by CATO INSTITUTE.

Totals

Total revenue
$71,927,807
Total expenses
$41,834,120
Contributions and grants received
$67,085,826
Grants paid
$200,000
Program service revenue
$233,514
Investment income
$4,191,898
Other revenue
$416,569
Total assets, end of year
$172,218,520
Total liabilities, end of year
$2,142,731
Net assets or fund balances, end of year
$170,075,789
Program services expenses (Part IX)
$31,958,365
Management and general expenses
$4,155,168
Fundraising expenses
$5,720,587
Program service expenses (Part III)
$31,958,365

Program services were 76.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PETER GOETTLER

    PRESIDENT & CEO

    Total calculated
    $681,643
    From this org
    $629,856
    From related orgs
    $0
    Other
    $51,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $629,856
    Bonus
    $0
    Other
    $0
    Deferred
    $36,300
    Nontaxable benefits
    $15,487
    Filer's total
    $681,643

  • STEPHEN KURTZ

    VP, CHIEF DIGITAL OFFICER

    Total calculated
    $342,939
    From this org
    $304,008
    From related orgs
    $0
    Other
    $38,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,008
    Bonus
    $2,000
    Other
    $0
    Deferred
    $18,405
    Nontaxable benefits
    $20,526
    Filer's total
    $342,939

  • LESLEY ALBANESE

    SR VP, INITIATIVES

    Total calculated
    $300,182
    From this org
    $272,595
    From related orgs
    $0
    Other
    $27,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,595
    Bonus
    $12,000
    Other
    $0
    Deferred
    $19,328
    Nontaxable benefits
    $8,259
    Filer's total
    $300,182

  • SCOTT LINCICOME

    VP, GENERAL ECONOMICS & TRADE

    Total calculated
    $274,277
    From this org
    $236,350
    From related orgs
    $0
    Other
    $37,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,350
    Bonus
    $11,000
    Other
    $0
    Deferred
    $16,625
    Nontaxable benefits
    $21,302
    Filer's total
    $274,277

  • NORBERT MICHEL

    VP,DIRECTOR,MONETARY&FINANCIAL

    Total calculated
    $265,948
    From this org
    $227,711
    From related orgs
    $0
    Other
    $38,237
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,711
    Bonus
    $0
    Other
    $0
    Deferred
    $16,722
    Nontaxable benefits
    $21,515
    Filer's total
    $265,948

  • CLARK NEILY

    SR VP FOR LEGAL STUDIES

    Total calculated
    $265,804
    From this org
    $226,692
    From related orgs
    $0
    Other
    $39,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,692
    Bonus
    $0
    Other
    $0
    Deferred
    $17,597
    Nontaxable benefits
    $21,515
    Filer's total
    $265,804

  • MARISSA DELGADO

    SECRETARY, VP, FINANCE & CFO

    Total calculated
    $252,087
    From this org
    $214,892
    From related orgs
    $0
    Other
    $37,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,892
    Bonus
    $10,000
    Other
    $0
    Deferred
    $15,912
    Nontaxable benefits
    $21,283
    Filer's total
    $252,087

  • HARRISON MOAR

    VP FOR DEVELOPMENT

    Total calculated
    $239,840
    From this org
    $215,474
    From related orgs
    $0
    Other
    $24,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,474
    Bonus
    $13,000
    Other
    $0
    Deferred
    $15,503
    Nontaxable benefits
    $8,863
    Filer's total
    $239,840

  • MICHAEL CANNON

    DIRECTOR OF HEALTH POLICY

    Total calculated
    $239,518
    From this org
    $215,820
    From related orgs
    $0
    Other
    $23,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,820
    Bonus
    $0
    Other
    $0
    Deferred
    $15,163
    Nontaxable benefits
    $8,535
    Filer's total
    $239,518

  • JOHN A ALLISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • BARON BOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • KENNETH R FRENCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • ROBERT GELFOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • DAVID C HUMPHREYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • LAURA HOLMES JOST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • JAMES M KILTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • JAMES M LAPEYRE JR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2.5

  • EILEEN S LEECH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • KENNETH LEVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • JOHN P MACKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • HOWARD S RICH

    DIR., VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • ROBERT A TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • FRED YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

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
  • 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 · 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1:
Cato Institute has established a travel policy that sometimes permits first class travel and companion travel for select employees and executives. First class travel may be allowed depending upon factors such as distance, frequency and length of travel, time of day (e.g. overnight flights), and other considerations relevant to ensuring that these individuals can travel in a manner that allows them to perform their duties effectively and efficiently. The Institute allows companion travel for spouses of certain officers of the Institute when the presence of a companion is necessary for the business purpose of the trip. All such travel is documented to ensure compliance with Cato's policies and procedures.

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

Provenance

Return type
form_990
Tax year
2023
Filed
9 August 2024
IRS schema version
2023v5.1
Source object
202422229349301752

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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