2024-01-16T08:53:43-06:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 131628168 COUNCIL ON FOREIGN RELATIONS INC COUN 2124349400 58 EAST 68TH STREET NEW YORK NY 10065 KEITH C OLSON EXEC. VP & CFO & TREASURER 2124349400 2024-01-16 1 KEITH OLSON XXX-XX-XXXX 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL FROMAN 58 EAST 68TH STREET NEW YORK NY 10065 220784400 0 X WWW.CFR.ORG X 1921 NY CFR IS AN INDEPENDENT, NON-PARTISAN FOREIGN POLICY MEMBERSHIP ORGANIZATION. (SEE SCHED O). 34 33 711 0 1393355 72860 28637329 63113857 20360271 21849543 53097150 20382400 510250 1584800 102605000 106930600 1354409 1482882 0 0 50617400 53243733 0 0 5220500 27101291 28439785 79073100 83166400 23531900 23764200 674171200 719707600 69247700 65178900 604923500 654528700 X THE COUNCIL ON FOREIGN RELATIONS (CFR) IS AN INDEPENDENT, NONPARTISAN MEMBERSHIP ORGANIZATION, THINK TANK, AND PUBLISHER DEDICATED TO BEING A RESOURCE FOR ITS MEMBERS, GOVERNMENT OFFICIALS, BUSINESS EXECUTIVES, JOURNALISTS, EDUCATORS AND (CONTINUED ON SCHEDULE O) 0 0 29132500 1482882 0 THE DAVID ROCKEFELLER STUDIES PROGRAM: CFR'S THINK TANK ANALYZES PRESSING GLOBAL CHALLENGES AND OFFERS ACTIONABLE STEPS THAT POLICYMAKERS AND CITIZENS CAN TAKE TO ADDRESS THEM. THE MORE THAN SEVENTY FULL-TIME AND ADJUNCT FELLOWS IN STUDIES COVER ALL THE WORLD'S MAJOR REGIONS AND SIGNIFICANT FOREIGN POLICY ISSUES. IN ADDITION TO PRODUCING BOOKS, ARTICLES, OP-EDS, BLOGS, PODCASTS, AND INTERACTIVES, THE STUDIES PROGRAM ADMINISTERS ELEVEN FELLOWSHIP PROGRAMS. 13151600 0 11709500 FOR OVER 100 YEARS, FOREIGN AFFAIRS HAS BEEN THE LEADING FORUM FOR SERIOUS DISCUSSION OF AMERICAN FOREIGN POLICY AND GLOBAL AFFAIRS. IT IS NOW A MULTIPLATFORM MEDIA ORGANIZATION WITH A PRINT MAGAZINE, A WEBSITE, A MOBILE SITE, A PODCAST, APPS AND SOCIAL MEDIA FEEDS. THROUGHOUT ITS HISTORY, FOREIGN AFFAIRS HAS STAYED TRUE TO ITS MISSION PUBLISHED IN THE FIRST ISSUE OF THE MAGAZINE IN 1922: "FOREIGN AFFAIRS WILL DEAL WITH QUESTIONS OF INTERNATIONAL INTEREST TODAY. THEY WILL COVER A BROAD RANGE OF SUBJECTS, NOT ONLY POLITICAL BUT HISTORICAL AND ECONOMIC. IN PURSUANCE OF ITS IDEALS FOREIGN AFFAIRS WILL NOT DEVOTE ITSELF TO THE SUPPORT OF ANY ONE CAUSE, HOWEVER WORTHY. LIKE THE COUNCIL ON FOREIGN RELATIONS FROM WHICH IT HAS SPRUNG IT WILL TOLERATE WIDE DIFFERENCES OF OPINION. (CONTINUED ON SCHEDULE O) ITS ARTICLES WILL NOT REPRESENT ANY CONSENSUS OF BELIEFS. WHAT IS DEMANDED OF THEM IS THAT THEY SHALL BE COMPETENT AND WELL INFORMED, REPRESENTING HONEST OPINIONS SERIOUSLY HELD AND CONVINCINGLY EXPRESSED." 4112400 0 0 CFR'S WEBSITE, CFR.ORG, IS ONE OF THE ORGANIZATION'S PRIMARY COMMUNICATIONS CHANNELS TO ITS VARIOUS AUDIENCES. THE SITE PUBLISHES A RICH VARIETY OF TYPES OF CONTENT, INCLUDING THE DAILY NEWS ANALYSIS, BACKGROUNDERS, INTERVIEWS, PODCASTS, OPINION PIECES, FULL TEXT OF PUBLICATIONS FROM THE THINK TANK, RESOURCES IN SUPPORT OF THE VARIOUS OUTREACH INITIATIVES, VIDEOS AND TRANSCRIPTS OF ON-THE-RECORD MEETINGS AND SEMINARS AND MORE. THE SITE ALSO PROVIDES A COMPREHENSIVE ACCOUNT OF THE HISTORY AND ACTIVITIES OF CFR IN NEW YORK AND AT ITS WASHINGTON D.C. OFFICE. 14217100 0 10140043 ALL OTHER PROGRAMMATIC ACTIVITIESCFR'S WEBSITE, CFR.ORG, IS ONE OF THE ORGANIZATION'S PRIMARY COMMUNICATIONS CHANNELS TO ITS VARIOUS AUDIENCES. THE SITE PUBLISHES A RICH VARIETY OF TYPES OF CONTENT, INCLUDING THE DAILY NEWS ANALYSIS, BACKGROUNDERS, INTERVIEWS, PODCASTS, OPINION PIECES, FULL TEXT OF PUBLICATIONS FROM THE THINK TANK, RESOURCES IN SUPPORT OF THE VARIOUS OUTREACH INITIATIVES, VIDEOS AND TRANSCRIPTS OF ON-THE-RECORD MEETINGS AND SEMINARS AND MORE. THE SITE ALSO PROVIDES A COMPREHENSIVE ACCOUNT OF THE HISTORY AND ACTIVITIES OF CFR IN NEW YORK AND AT ITS WASHINGTON D.C. OFFICE. THE STEPHEN M. KELLEN TERM MEMBER PROGRAM ENCOURAGES PROMISING YOUNG LEADERS IN GOVERNMENT, MEDIA, NONGOVERNMENTAL ORGANIZATIONS, LAW, BUSINESS, FINANCE, AND ACADEMIA TO ENGAGE IN A SUSTAINED CONVERSATION ON INTERNATIONAL AFFAIRS AND U.S. FOREIGN POLICY. THE PROGRAM ALLOWS THESE YOUNGER MEMBERS TO INTERACT WITH SEASONED FOREIGN-POLICY EXPERTS AND PARTICIPATE IN A WIDE VARIETY OF EVENTS DESIGNED ESPECIALLY FOR THEM. EACH YEAR A NEW CLASS OF TERM MEMBERS, BETWEEN THE AGES OF 30 AND 36, IS ELECTED TO A FIVE-YEAR MEMBERSHIP TERM. THE COUNCIL ON FOREIGN RELATIONS SPONSORS INDEPENDENT TASK FORCES TO ASSESS ISSUES OF CRITICAL IMPORTANCE TO U.S. FOREIGN POLICY. DIVERSE IN BACKGROUNDS AND PERSPECTIVES, TASK FORCE MEMBERS WORK TO REACH MEANINGFUL CONSENSUS ACROSS PARTISAN LINES ON MATTERS OF POLICY. SINCE THE PROGRAM'S INCEPTION IN 1995, TASK FORCES HAVE BECOME A TRADEMARK OF THE COUNCIL.STUDENTS TODAY LIVE IN A WORLD MORE CONNECTED THAN AT ANY POINT IN HISTORY, WHERE FAST-SPREADING VIRUSES, CARBON EMISSIONS, AND SCIENTIFIC BREAKTHROUGHS TRANSCEND BORDERS. TO SUCCESSFULLY NAVIGATE THE CHALLENGES AND OPPORTUNITIES AHEAD REQUIRES THAT THEY DEVELOP GLOBAL LITERACYTHE ESSENTIAL KNOWLEDGE, SKILLS, AND PERSPECTIVE NEEDED TO UNDERSTAND HOW OUR COMPLICATED AND FASCINATING WORLD WORKS. STUDENTS TODAY LIVE IN A WORLD MORE CONNECTED THAN AT ANY POINT IN HISTORY, WHERE FAST-SPREADING VIRUSES, CARBON EMISSIONS, AND SCIENTIFIC BREAKTHROUGHS TRANSCEND BORDERS. TO SUCCESSFULLY NAVIGATE THE CHALLENGES AND OPPORTUNITIES AHEAD REQUIRES THAT THEY DEVELOP GLOBAL LITERACYTHE ESSENTIAL KNOWLEDGE, SKILLS, AND PERSPECTIVE NEEDED TO UNDERSTAND HOW OUR COMPLICATED AND FASCINATING WORLD WORKS. SINCE 2015, CFR EDUCATION HAS DEVOTED ITSELF TO THIS VITAL WORK, DEVELOPING AWARD-WINNING CLASSROOM PRODUCTS DESIGNED TO INTRODUCE STUDENTS IN MIDDLE SCHOOL ALL THE WAY THROUGH GRADUATE SCHOOL TO THE FUNDAMENTALS OF FOREIGN POLICY AND INTERNATIONAL RELATIONS IN ORDER TO MAKE SENSE OF THE WORLD AROUND THEM.IN REGARDS TO OUTREACH INITIATIVES, THE COUNCIL IS COMMITTED TO REACHING OUT TO DIFFERENT CONSTITUENCIES SO THAT THEY BETTER UNDERSTAND THE WORLD AND THE FOREIGN POLICY CHOICES FACING THE UNITED STATES AND OTHER GOVERNMENTS. CFR IS DEVOTING MORE TIME AND ENERGY TO CONNECTING WITH AND SERVING AS A RESOURCE FOR GROUPS OF INTERESTED CITIZENS WHOSE VOICES ARE INCREASINGLY IMPORTANT TO THE NATIONAL FOREIGN POLICY DEBATE. THESE CONSTITUENCIES INCLUDE EDUCATORS AND STUDENTS; RELIGIOUS AND CONGREGATIONAL LEADERS; AND STATE AND LOCAL OFFICIALS; AND LOCAL JOURNALISTS. CFR'S ADDITIONAL PROGRAMS ARE EDUCATION, A NATIONAL PROGRAM AND A GLOBAL BOARD OF ADVISORS. FOR MORE INFORMATION, PLEASE VISIT THE ORGANIZATION'S WEBSITE, WWW.CFR.ORG.TOTAL EXPENSES ASSOCIATED WITH OTHER PROGRAM SERVICE ACTIVITIES ARE AS FOLLOWS:MEETINGS PROGRAM - $3,609,700 EDUCATION - $3,443,100 OUTREACH - $2,152,400 MEMBERSHIP - $2,119,600NATIONAL PROGRAM - $1,560,200 TERM MEMBER PROGRAM - $643,100 TASK FORCE - $587,800 GLOBAL BOARD OF ADVISORS - $101,200 TOTAL REVENUE ASSOCIATED WITH OTHER PROGRAM SERVICE ACTIVITIES ARE AS FOLLOWS:MEMBERSHIP DUES (NON-CONTRIBUTION) - $10,140,043 14217100 0 10140043 60613600 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 325 0 1 711 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 34 33 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X KEITH OLSON 2124349400 58 EAST 68TH STREET NEW YORK NY 10065 RICHARD N HAASS PRESIDENT (THRU 06/30/2023) 35.00 0.00 X X 1868393 0 59851 DAVID M RUBENSTEIN CHAIRMAN 1.00 0.00 X 0 0 0 BLAIR EFFRON VICE CHAIRMAN 1.00 0.00 X 0 0 0 JAMI MISCIK VICE CHAIRMAN 1.00 0.00 X 0 0 0 THAD ALLEN DIRECTOR 1.00 0.00 X 0 0 0 NICHOLAS BEIM DIRECTOR 1.00 0.00 X 0 0 0 AFSANEH MASHAYEKHI BESCHLOSS DIRECTOR 1.00 0.00 X 0 0 0 MARGARET BRENNAN DIRECTOR (AS OF 07/2022) 1.00 0.00 X 0 0 0 SYLIVIA MATHEWS BURWELL DIRECTOR 1.00 0.00 X 0 0 0 ASHTON B CARTER DIRECTOR (THRU 10/2022) 1.00 0.00 X 0 0 0 KENNETH I CHENAULT DIRECTOR 1.00 0.00 X 0 0 0 TONY COLES DIRECTOR 1.00 0.00 X 0 0 0 CESAR CONDE DIRECTOR 1.00 0.00 X 0 0 0 NATHANIEL FICK DIRECTOR (THRU 09/2022) 1.00 0.00 X 0 0 0 LAURENCE D FINK DIRECTOR (THRU 06/30/2023) 1.00 0.00 X 0 0 0 JANE FRASER DIRECTOR (AS OF 07/2022) 1.00 0.00 X 0 0 0 STEPHEN C FREIDHEIM DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY F GEITHNER DIRECTOR (THRU 06/30/2023) 1.00 0.00 X 0 0 0 JAMES P GORMAN DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN J HADLEY DIRECTOR 1.00 0.00 X 0 0 0 MARGARET PEGGY HAMBURG DIRECTOR 1.00 0.00 X 0 0 0 JEH CHARLES JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 JAMES MANYIKA DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM H MCRAVEN DIRECTOR 1.00 0.00 X 0 0 0 JANET A NAPOLITANO DIRECTOR 1.00 0.00 X 0 0 0 MEGHAN O'SULLIVAN DIRECTOR 1.00 0.00 X 0 0 0 DEVEN J PAREKH DIRECTOR 1.00 0.00 X 0 0 0 CHARLES PHILLIPS DIRECTOR 1.00 0.00 X 0 0 0 RICHARD L PLEPLER DIRECTOR 1.00 0.00 X 0 0 0 RUTH PORAT DIRECTOR 1.00 0.00 X 0 0 0 LAURENE POWELL JOBS DIRECTOR 1.00 0.00 X 0 0 0 L RAFAEL REIF DIRECTOR 1.00 0.00 X 0 0 0 FRANCES F TOWNSEND DIRECTOR 1.00 0.00 X 0 0 0 TRACEY T TRAVIS DIRECTOR 1.00 0.00 X 0 0 0 DANIEL H YERGIN DIRECTOR 1.00 0.00 X 0 0 0 FAREED ZAKARIA DIRECTOR 1.00 0.00 X 0 0 0 KEITH C OLSON EXEC. VP & CFO & TREASURER 35.00 0.00 X 519740 0 61457 JAMES M LINDSAY SR. VP & DIRECTOR OF STUDIES 35.00 0.00 X 459793 0 63578 SUZANNE E HELM VP, PHILANTHROPY & RELATION 35.00 0.00 X 393925 0 60048 JAN MOWDER HUGHES VP & CHIEF HR OFFICER 35.00 0.00 X 325684 0 59953 SHANNON O'NEIL VP, DEPUTY DIR. OF STUDIES 35.00 0.00 X 314884 0 64551 CAROLINE N MCCALL VP, EDUCATION 35.00 0.00 X 311439 0 59457 STEPHANIE SOLOMON VP, CHIEF REV OFF., FOREIGN 35.00 0.00 X 310152 0 57128 NANCY D BODURTHA VP, MEETINGS & MEMBERSHIP 35.00 0.00 X 309198 0 56711 IRINA FASKIANOS VP, NATIONAL PROGRAM & OUT 35.00 0.00 X 299587 0 63143 IVA ZORIC VP,GLOB COM & MEDIA RELATIONS 35.00 0.00 X 300806 0 57009 JEFFREY A REINKE SECRETARY OF THE CORPORATION 35.00 0.00 X 285694 0 56328 LISA K SHIELDS - VP GLOB COM MEDIA REL. (THRU 05/2022) 35.00 0.00 X 182239 0 9153 GIOVANNA M BAN CHIEF INVESTMENT OFFICER 35.00 0.00 X 524534 0 63578 DANIEL A KURTZ-PHELAN EDITOR 35.00 0.00 X 330419 0 59667 MIRIAM S HIGGINS GENERAL COUNSEL 35.00 0.00 X 329475 0 62737 RAQUEL L CHMIELEWSKI DIRECTOR, INVESTMENTS 35.00 0.00 X 309342 0 28914 MARTIN INDYK DISTINGUISHED FELLOW 35.00 0.00 X 280205 0 59300 7655509 0 1002563 138 0 1 0 GOODFOLK INC (DBA ROCKSTAR CODERS) 142 TEMPLE ST THIRD FL NEW HAVEN CT 06510 WEBSITE DEVELOPMENT 1010130 SUNSTATES SECURITY 801 CORPORATE CENTER DRIVE SUITE 3 RALEIGH NC 27607 SECURITY PERSONNEL 801908 PRESERV BUILDING RESTORATION MANAGEMENT 96 14TH STREET BROOKLYN NY 11215 CONSTRUCTION SERVICES 718854 APPNOVATION USA INC 600-190 ALEXANDER STREET VANCOUVER BC CA V6A1B5 WEBSITE DEVELOPMENT 512500 NEUMAN'S KITCHEN INC 35-02 48TH AVENUE LONG ISLAND CITY NY 11101 CATERING SERVICES 293226 19 5044543 58069314 561890 63113857 FOREIGN AFFAIRS 541800 11709500 10739200 970300 INDIVIDUAL MEMBERSHIP 900099 9036200 9036200 CORPORATE MEMBERSHIP 900099 1103843 1103843 21849543 3202500 474895 2727605 1977100 459200 1517900 1517900 -51840 1569740 130568700 113388800 17179900 17179900 17179900 9200 5800 3400 3400 MISCELLANEOUS 900099 63500 63500 63500 106930600 20879243 1393355 21544145 1482882 1482882 5990422 4544740 1016474 429208 37395778 28321327 6380340 2694111 2306500 1891330 230650 184520 4810137 3934646 486384 389107 2740896 2247534 274090 219272 266049 215500 42568 7981 3244100 3244100 5466313 4124781 1129711 211821 1835796 1468637 312085 55074 2578329 1260780 1265880 51669 2331886 1546895 669551 115440 1250800 1072800 87400 90600 2561200 2115700 109600 335900 1709200 887400 767400 54400 2946400 1829900 995700 120800 PUBLICATION & PRINTING 3178300 3153700 -12900 37500 MISCELLANEOUS 1071412 515048 333267 223097 83166400 60613600 17332300 5220500 70081600 84576600 18382100 31566500 2042000 2110200 242900 220100 1310500 1288900 124672600 65838400 60512800 58834200 157557300 44733800 364042000 496377300 674171200 719707600 9077500 9100300 7283000 7296900 46570000 44430000 6317200 4351700 69247700 65178900 X 135316200 142196600 469607300 512332100 604923500 654528700 674171200 719707600 X 23764200 23875500 1965500 X 0 1 X 1 0 X 72864369 42409775 36549230 28637329 63113857 243574560 72864369 42409775 36549230 28637329 63113857 243574560 49953668 193620892 7883760 6723700 9811800 5384850 5179600 34983710 561139 152400 19300 22050 72700 827589 279385859 95751341 0.69300 0.66620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 561,139. 2019 AMOUNT: $ 152,400. 2020 AMOUNT: $ 19,300. 2021 AMOUNT: $ 22,050. 2022 AMOUNT: $ 63,500. MERCHANDISE SALES - 2022 AMOUNT: $ 9,200. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 544085500 10641200 40316100 27381400 3244100 564417300 589309500 5987300 -31463700 16536300 3211300 544085500 479956700 8758400 123588500 19632900 3361200 589309500 475831751 13712849 14557800 22165800 1979900 479956700 429270151 58911500 10195100 20584700 1960300 475831751 0.23320 0.30090 0.46590 0 0 7252000 7252000 46356600 15888033 30468567 46185200 26831363 19353837 24052800 23119004 933796 826000 826000 58834200 LONG TERM EQUITIES 136793600 F DIVERSIFIERS 118630400 F PRIVATE EQUITY FUNDS & VENTURE CAP. 117772800 F GROWTH-ORIENTED HEDGE FUNDS 64759600 F DEFLATION HEDGES AND FIXED INCOME 55195200 F PRIVATE HARD ASSETS 3225700 F 496377300 ACCRUED POSTRETIREMENT BENEFITS 3780000 INTEREST-RATE SWAP AGREEMENT 571700 4351700 X 129986700 23875500 1965500 25841000 104145700 3244100 -459200 2784900 106930600 80381500 0 80381500 3244100 -459200 2784900 83166400 PART V, LINE 4: THE COUNCIL HOLDS A SUBSTANTIAL ENDOWMENT FOR THE PURPOSES OF FUNDING FUTURE PROGRAMMATIC ACTIVITIES, INCLUDING SEMINARS, PUBLICATIONS, WEBSITE ACTIVITIES AND MORE. THE COUNCIL'S ENDOWMENT PRINCIPAL SHALL BE LEFT UNTOUCHED, WITH THE EARNINGS ON THE INVESTMENTS TO BE APPROPRIATED FOR EXPENDITURES CONSISTENT WITH THE COUNCIL'S TAX-EXEMPT MISSION. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CFR HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS SECTION PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. CFR IS EXEMPT FROM FEDERAL AND NEW YORK STATE INCOME TAXATION BY VIRTUE OF BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC AND SIMILAR PROVISIONS OF THE NEW YORK STATE TAX CODE. NEVERTHELESS, CFR MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. CFR BELIEVES THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST-RATE SWAP AGREEMENT 2,032,500. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS -67,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RE-CLASS OF RENTAL EXPENSES TO OFFSET RENTAL INCOME -459,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: RE-CLASS OF RENTAL EXPENSES TO OFFSET RENTAL INCOME -459,200. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 337804633 0 0 0 0 0 0 337804633 0 337804633 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART IV THE COUNCIL ON FOREIGN RELATIONS INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. THE COUNCIL, LIKEWISE, MAKES DIRECT INVESTMENTS INTO CORPORATIONS DOMICILED OUTSIDE THE UNITED STATES. NEVERTHELESS, CFR'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. 1 IAF FELLOWSHIP 9 596458 IAF FELLOWSHIP IN NATIONAL SECURITY 4 288750 IAF FELLOWSHIP IN JAPAN 6 119350 EDWARD R. MURROW PRESS FELLOWSHIP 1 100000 IAF FELLOWSHIP FOR TENURED INT. RELATIONS SCHOLARS 10 89634 STANTON NUCLEAR SECURITY FELLOWSHIP 1 80000 IAF FELLOWSHIP IN CANADA 1 71250 SMITH RICHARDSON FOUNDATION GRANT 1 54940 IAF FELLOWSHIP IN INDIA 2 45000 THE DAVID ROCKEFELLER STUDIES PROGRAM 1 20000 ARTHUR ROSS BOOK AWARD GOLD PRIZE RECIPIENT 1 10000 ARTHUR ROSS BOOK AWARD SILVER PRIZE RECIPIENT 1 5000 ARTHUR ROSS BOOK AWARD BRONZE PRIZE RECIPIENT 1 2500 FORM 990, SCHEDULE I THE COUNCIL ON FOREIGN RELATIONS FELLOWSHIP PROGRAM OFFERS UNIQUE OPPORTUNITIES FOR MID AND SENIOR CAREER PROFESSIONALS FOCUSING ON INTERNATIONAL RELATIONS. SELECTED FELLOWS HAVE THE OPPORTUNITY TO BROADEN THEIR PERSPECTIVE OF FOREIGN AFFAIRS EITHER BY PURSUING RESEARCH OR WORKING IN A POLICY-ORIENTED SETTING. THE INTERNATIONAL AFFAIRS FELLOWSHIP (IAF) IS THE HALLMARK FELLOWSHIP PROGRAM OF CFR THAT AIMS TO BRIDGE THE GAP BETWEEN THE STUDY AND MAKING OF U.S. FOREIGN POLICY BY CREATING THE NEXT GENERATION OF SCHOLAR-PRACTITIONERS. THE PROGRAM OFFERS ITS FELLOWS THE UNIQUE CHANCE TO EXPERIENCE A NEW FIELD AND GAIN A DIFFERENT PERSPECTIVE AT A PIVOTAL MOMENT IN THEIR CAREERS.THE FELLOWSHIP TERM IS USUALLY TWELVE MONTHS; THE FELLOWS ARE PAID IN EQUAL MONTHLY INSTALLMENTS DURING THE YEAR. THE COUNCIL DOES NOT MONITOR THE USE OF THE GRANT FUNDS AS AN INDIVIDUAL WILL ONLY RECEIVE HIS OR HER MONTHLY INSTALLMENT SO LONG AS THEY DEMONSTRATE COMPLIANCE WITH THE TERMS OF THE FELLOWSHIP PROGRAM. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 RICHARD N HAASS PRESIDENT (THRU 06/30/2023) 483032 0 451000 0 934361 0 22928 0 36923 0 1928244 0 0 0 GIOVANNA M BAN CHIEF INVESTMENT OFFICER 442174 0 82000 0 360 0 23805 0 39773 0 588112 0 0 0 KEITH C OLSON EXEC. VP & CFO & TREASURER 404188 0 115000 0 552 0 23805 0 37652 0 581197 0 0 0 JAMES M LINDSAY SR. VP & DIRECTOR OF STUDIES 337779 0 120200 0 1814 0 23805 0 39773 0 523371 0 0 0 SUZANNE E HELM VP, PHILANTHROPY & RELATION 309841 0 82500 0 1584 0 22866 0 37182 0 453973 0 0 0 MIRIAM S HIGGINS GENERAL COUNSEL 276443 0 52000 0 1032 0 22964 0 39773 0 392212 0 0 0 DANIEL A KURTZ-PHELAN EDITOR 265179 0 65000 0 240 0 22015 0 37652 0 390086 0 0 0 JAN MOWDER HUGHES VP & CHIEF HR OFFICER 239117 0 85000 0 1567 0 20180 0 39773 0 385637 0 0 0 SHANNON O'NEIL VP, DEPUTY DIR. OF STUDIES 257182 0 57150 0 552 0 21785 0 42766 0 379435 0 0 0 CAROLINE N MCCALL VP, EDUCATION 235435 0 75000 0 1004 0 19684 0 39773 0 370896 0 0 0 STEPHANIE SOLOMON VP, CHIEF REV OFF., FOREIGN 244797 0 65000 0 355 0 20205 0 36923 0 367280 0 0 0 NANCY D BODURTHA VP, MEETINGS & MEMBERSHIP 238061 0 70000 0 1137 0 19788 0 36923 0 365909 0 0 0 IRINA FASKIANOS VP, NATIONAL PROGRAM & OUT 231550 0 67500 0 537 0 19684 0 43459 0 362730 0 0 0 IVA ZORIC VP,GLOB COM & MEDIA RELATIONS 243309 0 45000 0 12497 0 20086 0 36923 0 357815 0 0 0 JEFFREY A REINKE SECRETARY OF THE CORPORATION 207797 0 65000 0 12897 0 17405 0 38923 0 342022 0 0 0 MARTIN INDYK DISTINGUISHED FELLOW 262111 0 13150 0 4944 0 21648 0 37652 0 339505 0 0 0 RAQUEL L CHMIELEWSKI DIRECTOR, INVESTMENTS 267602 0 41500 0 240 0 21964 0 6950 0 338256 0 0 0 LISA K SHIELDS - VP GLOB COM MEDIA REL. (THRU 05/2022) 97518 0 75000 0 9721 0 7902 0 1251 0 191392 0 0 0 PART I, LINE 1A IN ACCORDANCE WITH HIS EMPLOYMENT CONTRACT, THE COUNCIL PROVIDES THE PRESIDENT A HOUSING ALLOWANCE WHICH IS GROSSED UP AND INCLUDED IN HIS TAXABLE WAGES. THAT HOUSING ALLOWANCE IS REFLECTED ON SCHEDULE J, PART II, COLUMN (B)(III). SCHEDULE J, PART II, COLUMN (B)(III) ALSO REFLECTS TAX GROSS UP PAYMENTS ON A PORTION OF THE PRESIDENT'S COMPENSATION PAID IN LIGHT OF IRS LIMITS ON RETIREMENT PLAN COMPENSATION. PART I, LINE 7 NON-FIXED PAYMENTS THE COUNCIL ON FOREIGN RELATIONS PROVIDES DISCRETIONARY BONUSES TO OFFICERS AND KEY EMPLOYEES REPORTED ON THE ORGANIZATION'S FORM 990. THE PROCESS FOR DETERMINING THOSE BONUSES HAS BEEN DESCRIBED IN SCHEDULE O WHERE THE COUNCIL DISCUSSES ITS COMPENSATION PROCESS. THE COUNCIL'S COMPENSATION AND BONUSES ARE DETERMINED IN THE SAME PROCESS. A DISTRICT OF COLUMBIA 536001131 25483VJU9 2012-09-04 62680000 ACQUISITION/RENOVATION OFFICE BUILDING 0 0 0 A 18250000 62680000 3297400 62680000 2010 1 0 1 1 A 0 0 0 0 0.01860 0.01860 1 0 1 A 0 0 0 1 1 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 2C THE COUNCIL ON FOREIGN RELATIONS COMMISSIONED AN ARBITRAGE REBATE CALCULATION FROM AN INDEPENDENT THIRD PARTY CONSULTANT IN SEPTEMBER OF 2019. THE REPORT CONCLUDED THAT THERE IS NO REBATE DUE ON THE EXISTING BOND. JANINE HILL FAMILY OF FORM. TR. 129817 EMPLOYMENT 0 FORM 990, PART VII JANINE HILL IS AN EMPLOYEE OF THE COUNCIL ON FOREIGN RELATIONS AND RECEIVED W-2 COMPENSATION OF $129,817. MS. HILL IS THE SPOUSE OF A FORMER COUNCIL BOARD MEMBER. X 17 561890 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: TO THE EXTENT THAT THE COUNCIL ON FOREIGN RELATIONS RECEIVES ANY NON-CASH DONATIONS (USUALLY IN THE FORM OF SECURITIES, BONDS, ETC.), THE ORGANIZATION EMPLOYS ITS INVESTMENT ADVISOR TO LIQUIDATE THE INVESTMENTS. COLUMN B, NUMBER OF CONTRIBUTIONS OR ITEMS RECEIVED THE COUNCIL ON FOREIGN RELATIONS IS REPORTING THE AMOUNT OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION (CONTINUED) STUDENTS, CIVIC AND RELIGIOUS LEADERS, AND OTHER INTERESTED CITIZENS IN ORDER TO HELP THEM BETTER UNDERSTAND THE WORLD AND THE FOREIGN POLICY CHOICES FACING THE UNITED STATES AND OTHER COUNTRIES. FOUNDED IN 1921, CFR TAKES NO INSTITUTIONAL POSITIONS ON MATTERS OF POLICY. CFR CARRIES OUT ITS MISSION BY MAINTAINING A DIVERSE MEMBERSHIP, INCLUDING SPECIAL PROGRAMS TO PROMOTE INTEREST AND DEVELOP EXPERTISE IN THE NEXT GENERATION OF FOREIGN POLICY LEADERS. CONVENING MEETINGS AT ITS HEADQUARTERS IN NEW YORK AND IN WASHINGTON, D.C., AND OTHER CITIES WHERE SENIOR GOVERNMENT OFFICIALS, MEMBERS OF CONGRESS, GLOBAL LEADERS, AND PROMINENT THINKERS COME TOGETHER WITH CFR MEMBERS TO DISCUSS AND DEBATE MAJOR INTERNATIONAL ISSUES. SUPPORTING A STUDIES PROGRAM THAT FOSTERS INDEPENDENT RESEARCH, ENABLING CFR SCHOLARS TO PRODUCE ARTICLES, REPORTS, AND BOOKS AND HOLD ROUNDTABLES THAT ANALYZE FOREIGN POLICY ISSUES AND MAKE CONCRETE POLICY RECOMMENDATIONS. PUBLISHING FOREIGN AFFAIRS, THE PREEMINENT JOURNAL ON INTERNATIONAL AFFAIRS AND U.S. FOREIGN POLICY. SPONSORING INDEPENDENT TASK FORCES THAT PRODUCE REPORTS WITH BOTH FINDINGS AND POLICY PRESCRIPTIONS ON THE MOST IMPORTANT FOREIGN POLICY TOPICS. PROVIDING UP TO DATE INFORMATION AND ANALYSIS ABOUT WORLD EVENTS AND U.S. FOREIGN POLICY ON ITS WEBSITE, CFR.ORG FORM 990, PART VI, SECTION A, LINE 2 PRESIDENT, RICHARD N. HAASS AND VICE CHAIRMAN, BLAIR EFFRON HAVE A BUSINESS RELATIONSHIP. PRESIDENT, RICHARD N. HAASS AND DIRECTOR, STEPHEN C. FREIDHEIM HAVE A BUSINESS RELATIONSHIP. PRESIDENT, RICHARD N. HAASS AND BOARD OF DIRECTOR MEMBER, NICHOLAS BEIM HAVE A BUSINESS RELATIONSHIP. CHAIRMAN, DAVID M. RUBENSTEIN AND BOARD OF DIRECTOR MEMBER, ASHTON B. CARTER HAVE A BUSINESS RELATIONSHIP. CHAIRMAN, DAVID M. RUBENSTEIN AND BOARD OF DIRECTOR MEMBER, DANIEL H. YERGIN HAVE A BUSINESS RELATIONSHIP. VICE CHAIRMAN, JAMI MISCIK AND BOARD OF DIRECTOR MEMBER, JAMES P. GORMAN HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTOR MEMBERS, JAMES MANYIKA AND RUTH PORAT HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS THE COUNCIL ON FOREIGN RELATIONS IS FIRST AND FOREMOST A MEMBERSHIP ORGANIZATION. THE COUNCIL'S MEMBERSHIP REPRESENTS A GROUP UNMATCHED IN ACCOMPLISHMENT AND DIVERSITY IN THE FIELD OF INTERNATIONAL AFFAIRS. BASED THROUGHOUT THE COUNTRY AND AROUND THE WORLD, CFR MEMBERS ARE EXPOSED TO TOP TALENT AND EXPERTISE BROUGHT TOGETHER TO GENERATE INTELLECTUAL CONVERSATION REGARDING THE MOST RELEVANT TOPICS IN FOREIGN POLICY AND INTERNATIONAL RELATIONS. WITH OVER 5,000 MEMBERS, THE INSTITUTION'S RANKS INCLUDE TOP GOVERNMENT OFFICIALS, SCHOLARS, LAWYERS, NONPROFIT PROFESSIONALS, JOURNALISTS, EDUCATORS, RELIGIOUS LEADERS, AND BUSINESS EXECUTIVES. THE COUNCIL ALSO HAS A CORPORATE PROGRAM THAT PROVIDES A UNIQUE FORUM FOR PROFESSIONALS IN THE PRIVATE SECTOR TO INTERACT WITH LEADERS IN GOVERNMENT, ACADEMIA, CIVIL SOCIETY, AND THE MEDIA ON ISSUES AT THE INTERSECTION OF BUSINESS AND POLICY. CORPORATE MEMBERS HAVE ACCESS TO BRIEFINGS WITH CFR'S REGIONAL AND TOPICAL EXPERTS, MEMBERS-ONLY ACCESS TO CFR AND FOREIGN AFFAIRS ANALYSIS AND PUBLICATIONS, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR RISING YOUNGER AND EARLY-CAREER EXECUTIVES. FORM 990, PART VI, SECTION A, LINE 7A GOVERNANCE DECISIONS SUBJECT TO APPROVAL THE MEMBERSHIP OF THE COUNCIL ON FOREIGN RELATIONS ELECTS ALL OF THE VOTING MEMBERS OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE ARTICLES OF INCORPORATION MUST BE APPROVED BY A MAJORITY OF MEMBERS OF THE COUNCIL ON FOREIGN RELATIONS. FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE ON FORM 990, PART VI, SECTION A, LINE 7A FORM 990, PART VI, SECTION B, LINE 11B PROCESS FOR REVIEWING FORM 990 THE COUNCIL ON FOREIGN RELATION'S FORM 990 WAS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S SENIOR MANAGEMENT AND AUDIT COMMITTEE OF THE BOARD. A DRAFT COPY OF THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD AND REVISED AS NECESSARY WITH THEIR INPUT. ONCE THE AUDIT COMMITTEE APPROVES THE FORM 990 FOR FILING, A COPY IS CIRCULATED TO THE FULL BOARD FOR THEIR REVIEW AND APPROVAL. EACH DIRECTOR OF THE BOARD IS GIVEN THE OPPORTUNITY TO COMMENT ON THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT AND MONITORING EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE OF THE COUNCIL ON FOREIGN RELATIONS IS REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THE AUDIT COMMITTEE OF THE BOARD. THE AUDIT COMMITTEE REVIEWS EACH REPORTED POTENTIAL CONFLICT OF INTEREST AND REPORTS IT RECOMMENDATIONS REGARDING THE REPORTED MATTERS TO THE FULL BOARD FOR APPROVAL. THE COUNCIL'S CONFLICT OF INTEREST POLICY REQUIRES ANY PARTY WITH A POTENTIAL CONFLICT TO RECUSE THEMSELVES FROM THE BOARD'S DELIBERATIONS AND ALSO REQUIRES THAT POTENTIAL CONFLICTS BE REPORTED AS SOON AS THEY ARISE. POTENTIAL CONFLICTS OF INTEREST ARE ADDRESSED IMMEDIATELY UPON REPORTING. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE COUNCIL ON FOREIGN RELATIONS UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION PAID TO ITS OFFICERS AND KEY EMPLOYEES, INCLUDING THE PRESIDENT, IS REASONABLE, GIVEN THE MARKET IN WHICH THE ORGANIZATION OPERATES. THE COMPENSATION COMMITTEE OF THE BOARD, WHICH IS COMPOSED OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION, UNDERTAKES AN ANNUAL REVIEW AND APPROVAL OF COMPENSATION. TO ASSIST THEIR DELIBERATIONS, THE COMPENSATION COMMITTEE REGULARLY ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO COMPLETE A MARKET ASSESSMENT AND COMPETITIVE POSITION ANALYSIS FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE PRESIDENT. THE COMPENSATION CONSULTANT UTILIZES COMPARABILITY AND BENCHMARKING SURVEYS, AS WELL AS FORM 990S OF COMPARABLE ORGANIZATIONS, TO ENSURE THAT THE COUNCIL COMPENSATES ITS EXECUTIVES COMMENSURATE WITH THE MARKET. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE MEETING OF THE COMPENSATION COMMITTEE. THE MOST RECENT COMPENSATION STUDY WAS COMMISSIONED IN MAY OF 2023. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE COUNCIL ON FOREIGN RELATIONS' FORM 990, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE COUNCIL'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE, WWW.CFR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST-RATE SWAP AGREEMENT 2,032,500. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS -67,000.