Totals
- Total revenue
- $7,961,604
- Total expenses
- $8,922,120
- Contributions and grants received
- $7,927,485
- Grants paid
- $31,437
- Program service revenue
- $30,000
- Investment income
- $291,916
- Other revenue
- -$287,797
- Total assets, end of year
- $7,097,425
- Total liabilities, end of year
- $1,433,284
- Net assets or fund balances, end of year
- $5,664,141
- Program services expenses (Part IX)
- $5,875,185
- Management and general expenses
- $1,669,926
- Fundraising expenses
- $1,377,009
- Program service expenses (Part III)
- $5,875,185
Program services were 65.8% 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.
-
1c · Fundraising events
$1,052,349
-
1f · All other contributions, gifts and grants
$6,875,136
-
1g · Noncash contributions included above
$173,090
-
2a · Program service revenue: PROGRAM REVENUE
total $30,000 · related or exempt $30,000
-
3 · Investment income
total $144,747 · excluded $144,747
-
5 · Royalties
total $733 · excluded $733
-
7a · Gross sales of assets other than inventory
securities $239,836
-
7b · Less cost or other basis and sales expenses
securities $92,667
-
7c · Gain or loss
securities $147,169
-
7d · Net gain or loss
total $147,169 · excluded $147,169
-
8a · Fundraising events: gross income
$119,350
-
8a · Fundraising events: contributions included on line 1c
$1,052,349
-
8b · Fundraising events: direct expenses
$411,626
-
8c · Net income from fundraising events
total -$292,276 · excluded -$292,276
-
11a · Other revenue: MISCELLANEOUS
total $3,746 · excluded $3,746
-
11e · Other revenue, total
$3,746
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,000 · program services $10,000
-
3 · Grants to foreign organizations and individuals
total $21,437 · program services $21,437
-
5 · Compensation of officers, directors and key employees
total $693,906 · program services $516,611 · management and general $84,815 · fundraising $92,480
-
7 · Other salaries and wages
total $4,360,987 · program services $3,316,591 · management and general $444,815 · fundraising $599,581
-
8 · Pension plan contributions
total $199,468 · program services $138,526 · management and general $44,724 · fundraising $16,218
-
9 · Other employee benefits
total $248,668 · program services $82,926 · management and general $146,492 · fundraising $19,250
-
10 · Payroll taxes
total $373,569 · program services $273,639 · management and general $44,816 · fundraising $55,114
-
11b · Fees: legal
total $27,514 · program services $18,858 · management and general $5,079 · fundraising $3,577
-
11c · Fees: accounting
total $151,753 · management and general $151,753
-
11e · Fees: professional fundraising services
total $62,421 · fundraising $62,421
-
11f · Fees: investment management
total $3,315 · management and general $3,315
-
11g · Fees: other
total $539,940 · program services $271,892 · management and general $89,728 · fundraising $178,320
-
12 · Advertising and promotion
total $221,632 · program services $146,277 · management and general $46,543 · fundraising $28,812
-
13 · Office expenses
total $98,357 · program services $24,137 · management and general $67,579 · fundraising $6,641
-
14 · Information technology
total $235,337 · program services $56,486 · management and general $176,750 · fundraising $2,101
-
16 · Occupancy
total $363,285 · program services $266,921 · management and general $49,980 · fundraising $46,384
-
17 · Travel
total $213,065 · program services $123,614 · management and general $38,696 · fundraising $50,755
-
19 · Conferences, conventions and meetings
total $285,664 · program services $171,016 · management and general $54,414 · fundraising $60,234
-
22 · Depreciation, depletion and amortization
total $212,316 · program services $155,234 · management and general $29,607 · fundraising $27,475
-
23 · Insurance
total $21,909 · program services $16,020 · management and general $3,054 · fundraising $2,835
-
24a · Other expenses: DIRECT MAIL EXPENSES
total $396,981 · program services $158,813 · management and general $154,448 · fundraising $83,720
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $121,060 · program services $79,594 · management and general $19,480 · fundraising $21,986
-
24c · Other expenses: CHARITABLE REGISTRATION
total $24,989 · program services $16,493 · management and general $5,247 · fundraising $3,249
-
24d · Other expenses: STAFF DEVELOPMENT
total $22,486 · program services $8,739 · management and general $8,159 · fundraising $5,588
-
24e · All other expenses
total $12,061 · program services $1,361 · management and general $432 · fundraising $10,268
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,356,485 · end of year $700,899
-
2 · Savings and temporary cash investments
beginning of year $1,321,552 · end of year $173,182
-
3 · Pledges and grants receivable
beginning of year $168,333 · end of year $940,750
-
4 · Accounts receivable
beginning of year $23,000 · end of year $152,992
-
9 · Prepaid expenses and deferred charges
beginning of year $87,666 · end of year $83,402
-
10a · Land, buildings and equipment: cost or other basis
$1,617,902
-
10b · Land, buildings and equipment: accumulated depreciation
$1,203,429
-
10c · Land, buildings and equipment, net
beginning of year $493,163 · end of year $414,473
-
11 · Investments: publicly traded securities
beginning of year $3,670,257 · end of year $3,832,537
-
15 · Other assets
beginning of year $1,147,648 · end of year $799,190
-
17 · Accounts payable and accrued expenses
beginning of year $276,750 · end of year $452,524
-
19 · Deferred revenue
beginning of year $0 · end of year $20,000
-
25 · Other liabilities
beginning of year $1,487,075 · end of year $960,760
-
27 · Net assets without donor restrictions
beginning of year $5,905,477 · end of year $4,701,564
-
28 · Net assets with donor restrictions
beginning of year $598,802 · end of year $962,577
Mission and programs · 2024
Mission
TO ACHIEVE SIMPLE, SENSIBLE TAX POLICY AT THE FEDERAL AND STATE LEVELS BY PRODUCING AND DISSEMINATING BASIC INFORMATION AND ECONOMICALLY PRINCIPLED ANALYSIS OF TAX POLICY ISSUES AND THE SIZE OF THE TAX BURDEN BORNE BY AMERICANS AT ALL LEVELS OF GOVERNMENT.
Activities or mission (Part I)
THE TAX FOUNDATION IS THE NATION'S LEADING INDEPENDENT TAX POLICY NONPROFIT. SINCE 1937, OUR PRINCIPLED RESEARCH, INSIGHTFUL ANALYSIS, AND ENGAGED EXPERTS HAVE INFORMED SMARTER TAX POLICY AT THE FEDERAL, STATE, AND GLOBAL LEVELS. FOR OVER 80 YEARS, OUR GOAL HAS REMAINED THE SAME: TO IMPROVE LIVES THROUGH TAX POLICIES THAT LEAD TO GREATER ECONOMIC GROWTH AND OPPORTUNITY.
-
FEDERAL TAX POLICY - THIS PROGRAM PROMOTES SOUND TAX POLICY IN WASHINGTON D.C. THE FOUNDATION PROVIDES OBJECTIVE DATA AND ANALYSIS ON TAX POLICY, USING SEVERAL TOOLS, INCLUDING MODELING OF ECONOMIC AND BUDGETARY EFFECTS, RESEARCH AND WRITING, CAPITOL HILL BRIEFINGS, AND CONGRESSIONAL TESTIMONY. THE FOUNDATION HAS ESTABLISHED ITSELF AS THE GO-TO RESOURCE ON FEDERAL TAX ISSUES FOR POLICYMAKERS. IN 2024, THE STAFF CONDUCTED MORE THAN 76 CAPITOL HILL MEETINGS, BRIEFINGS, AND PRESENTATIONS TO VARIOUS PUBLIC AUDIENCES, TESTIFIED SEVEN TIMES BEFORE CONGRESSIONAL COMMITTEES, AND PRODUCED DOZENS OF REPORTS AND BLOG POSTS ON A VARIETY OF ISSUES THAT RECEIVED MORE THAN 25,800 CITATIONS IN LEADING MEDIA OUTLETS.
Expenses $2,059,629 · Revenue $30,000
-
MARKETING AND COMMUNICATION - THE FOUNDATION'S MARKETING TEAM MAKES TAX POLICY ENGAGING AND ACCESSIBLE TO TAXPAYERS, LEGISLATORS, AND THE MEDIA THROUGH INNOVATIVE, MULTI-CHANNEL CAMPAIGNS. THE FOUNDATION'S TEAM DELIVERS HIGH-QUALITY CONTENT TO THE RIGHT PEOPLE, AT THE RIGHT TIME, IN A FORMAT THAT PROMOTES DEEPER UNDERSTANDING USING TOOLS LIKE SOCIAL MEDIA, DIGITAL ADVERTISING, INTERACTIVE WEB EXPERIENCES, AND EMAIL. IN 2024, THE FOUNDATION EARNED 37,410 MEDIA CITATIONS IN THE WORLD'S TOP NEWS OUTLETS, INCLUDING THE WALL STREET JOURNAL, THE WASHINGTON POST, THE NEW YORK TIMES, NBC NEWS, FOX NEWS, AND NPR; ITS EXPERTS CONDUCTED 61 RADIO AND TV INTERVIEWS AND PLACED 47 OP-EDS; TAXFOUNDATION.ORG WAS VISITED 22 MILLION TIMES; ITS SOCIAL MEDIA AUDIENCE GREW 11 PERCENT TO 121,371 TOTAL FOLLOWERS; ITS PODCAST LISTENERSHIP GREW BY 340 PERCENT, RESULTING IN 192,460 LISTENS; AND ITS EMAIL NEWSLETTER GREW 24 PERCENT TO 76,400 SUBSCRIBERS.
Expenses $1,639,894
-
STATE TAX POLICY - THIS PROGRAM PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2024, THE FOUNDATION TESTIFIED OR PRESENTED TO OFFICIALS-VIRTUALLY AND IN-PERSON-IN 32 STATES, MET WITH IN STATE GROUPS OR AUDIENCES IN ALL 50 STATES AND THE DISTRICT OF COLUMBIA, AND PUBLISHED SEVEN FORWARD LOOKING BLUEPRINTS FOR STATE TAX REFORM.THE FOUNDATION IS OFTEN LOOKED TO BY LEGISLATORS, TAXPAYERS, AND THE MEDIA (WITH 11,900 MEDIA CITATIONS IN 2024) TO RECOMMEND TAX REFORM OPTIONS OR PROVIDE ANALYSIS OF TAX PLANS. THE FOUNDATION'S ANALYSIS, AND STUDIES SUCH AS THE STATE BUSINESS TAX CLIMATE INDEX, INFORM THE TAX REFORM DEBATE ACROSS THE COUNTRY AND HAVE BEEN CRUCIAL TO MAJOR TAX CHANGES IN MANY STATES, AND FOUNDATION EXPERTS HAVE BEEN A VITAL RESOURCE TO POLICYMAKERS AND JOURNALISTS AS STATES NAVIGATE AN INCREASINGLY MOBILE ECONOMY CHARACTERIZED BY A GREATER FOCUS ON TAX COMPETITIVENESS.
Expenses $1,095,457
-
GLOBAL TAX REFORM - WAS LAUNCHED TO PROMOTE PRO-GROWTH TAX POLICIES THROUGHOUT THE WORLD WITH A PRIMARY FOCUS ON EUROPE. THE GLOBAL PROGRAM PRODUCES IN-DEPTH STUDIES OF ECONOMIC DATA AND USES A VARIETY OF MEASURES, SUCH AS THE INTERNATIONAL TAX COMPETITIVENESS INDEX, TO COMPARE TAX SYSTEMS. THE FOUNDATION'S EXPERTS HAVE PROVIDED BRIEFINGS IN COUNTRIES THROUGHOUT EUROPE AND ARE RELIED UPON BY MEDIA, POLICY MAKERS, AND OTHER POLICY GROUPS TO PROVIDE ANALYSIS OF TAX PROPOSALS THROUGHOUT THE WORLD. IN 2024, THE TAX FOUNDATION'S WORK WAS CITED IN 114 COUNTRIES AND RECEIVED NEARLY 10,000 INTERNATIONAL MEDIA CITATIONS.
Expenses $1,080,205 · Grants $31,437
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David P LewisDAVID P LEWIS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
James W LintottJAMES W LINTOTT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Philip EnglishTHE HONORABLE PHILIP ENGLISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis GrothDENNIS GROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas Holtz-EakinDOUGLAS HOLTZ-EAKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen KranzSTEPHEN KRANZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pamela OlsonPAMELA OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom RoesserTOM ROESSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kurt LampKURT LAMP
DIRECTOR AS OF 04/2024
- Total calculated
- $0
- Hours/week
- 1
-
Loren PondsLOREN PONDS
DIRECTOR AS OF 04/2024
- Total calculated
- $0
- Hours/week
- 1
-
Phil BullockPHIL BULLOCK
DIRECTOR AS OF 04/2024
- Total calculated
- $0
- Hours/week
- 1
-
Tadd FowlerTADD FOWLER
DIRECTOR AS OF 04/2024
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Kevin BradyTHE HONORABLE KEVIN BRADY
DIRECTOR AS OF 04/2024
- Total calculated
- $0
- Hours/week
- 1
-
Daniel D BunnDANIEL D BUNN
PRESIDENT, CEO, BOARD SECRETARY
- Total calculated
- $318,720
- From this org
- $286,595
- From related orgs
- $0
- Other
- $32,125
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,595
- Bonus
- $75,000
- Other
- $0
- Deferred
- $11,747
- Nontaxable benefits
- $20,378
- Filer's total
- $318,720
-
Scott Hodge PresidentSCOTT HODGE PRESIDENT
EMERITUS & SR. POLICY ADVISOR
- Total calculated
- $375,186
- From this org
- $356,771
- From related orgs
- $0
- Other
- $18,415
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $356,771
- Bonus
- $0
- Other
- $0
- Deferred
- $17,250
- Nontaxable benefits
- $1,165
- Filer's total
- $375,186
-
William McBride Vp OfWILLIAM MCBRIDE VP OF
FEDERAL TAX AND ECONOMIC POLICY
- Total calculated
- $219,911
- From this org
- $200,495
- From related orgs
- $0
- Other
- $19,416
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,245
- Bonus
- $7,250
- Other
- $0
- Deferred
- $10,079
- Nontaxable benefits
- $9,337
- Filer's total
- $219,911
-
Michael RessegueMICHAEL RESSEGUE
CHIEF OF STAFF
- Total calculated
- $180,884
- From this org
- $174,936
- From related orgs
- $0
- Other
- $5,948
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,936
- Bonus
- $0
- Other
- $0
- Deferred
- $3,051
- Nontaxable benefits
- $2,897
- Filer's total
- $180,884
-
Alan M ColeALAN M COLE
SENIOR ECONOMIST
- Total calculated
- $174,786
- From this org
- $161,574
- From related orgs
- $0
- Other
- $13,212
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,024
- Bonus
- $2,550
- Other
- $0
- Deferred
- $7,425
- Nontaxable benefits
- $5,787
- Filer's total
- $174,786
-
Colby PastreCOLBY PASTRE
VP OF MARKETING AND COMMUNICATIONS
- Total calculated
- $168,654
- From this org
- $159,627
- From related orgs
- $0
- Other
- $9,027
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,627
- Bonus
- $7,000
- Other
- $0
- Deferred
- $8,002
- Nontaxable benefits
- $1,025
- Filer's total
- $168,654
-
Jared M WalczakJARED M WALCZAK
VP OF STATE POLICY
- Total calculated
- $167,471
- From this org
- $154,224
- From related orgs
- $0
- Other
- $13,247
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,974
- Bonus
- $2,250
- Other
- $0
- Deferred
- $7,764
- Nontaxable benefits
- $5,483
- Filer's total
- $167,471
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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE TAX FOUNDATION PARTICIPATES IN THE ANNUAL THINK TANK COMPENSATION SURVEY WHICH COLLECTS COMPENSATION AND BENEFITS DATA RELEVANT TO THINK TANKS AND OTHER RESEARCH ORGANIZATIONS IN THE UNITED STATES THAT CONDUCT RESEARCH IN THE PUBLIC POLICY, FOREIGN POLICY, AND INTERNATIONAL RELATIONS ARENAS. THE BOARD OF DIRECTORS UTILIZES ITS EXPERIENCE AND EXPERTISE IN CONJUNCTION WITH THE SURVEY RESULTS IN DETERMINING THE APPROPRIATE SALARY LEVEL ANNUALLY. THE CHAIRPERSON OF THE BOARD OF DIRECTORS COMMUNICATES IN WRITING THE SALARY APPROVED BY THE BOARD TO THE APPROPRIATE ACCOUNTING AND HUMAN RESOURCES PERSONNEL.
- PART I, LINE 7
- THE TAX FOUNDATION AWARDED PERFORMANCE BASED BONUSES TO SEVERAL EMPLOYEES, INCLUDING MOST OF THE HIGHEST COMPENSATED EMPLOYEES LISTED ON FORM 990, PART VII. THESE BONUSES ARE INCLUDED IN THE AMOUNTS REPORTED ON FORM 990, PART VII, SECTION A, COLUMN D - REPORTABLE COMPENSATION.
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
-
$10,000
GARY AND ALDONA ROBBINS SCHOLARSHIP FOR ECONOMIC EDUCATION.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542109349300224
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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