2024-03-12T12:37:41-05:00 2023-06-30 111986323 MARCUM LLP 1 RESEARCH COURT SUITE 400 ROCKVILLE MD 20850 990 2022-07-01 530218495 AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH AMER 2028625800 1789 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 KAZUKI KO CFO & TREASURER 2028625800 2024-03-12 1 KAZUKI KO 999009999 0 MATTHEW DUVALL CPA P01324790 3016913600 2024-03-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT DOAR 1789 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 71088414 0 X WWW.AEI.ORG X 1943 DC THE AMERICAN ENTERPRISE INSTITUTE IS A COMMUNITY OF SCHOLARS AND SUPPORTERS COMMITTED TO EXPANDING LIBERTY, INCREASING INDIVIDUAL OPPORTUNITY, AND STRENGTHENING FREE ENTERPRISE. AEI PURSUES THESE IDEALS THROUGH INDEPENDENT THINKING AND THE HIGHEST STANDARDS OF RESEARCH AND EXPOSITION. 30 29 354 29 0 0 59205945 48096841 1245117 1531939 8934902 4179425 0 0 69385964 53808205 571462 815014 0 0 35419844 38808814 60000 60000 5084599 24573236 27135246 60624542 66819074 8761422 -13010869 346443499 348427115 6297977 7438610 340145522 340988505 X THE AMERICAN ENTERPRISE INSTITUTE IS A COMMUNITY OF SCHOLARS AND SUPPORTERS COMMITTED TO EXPANDING LIBERTY, INCREASING INDIVIDUAL OPPORTUNITY, AND STRENGTHENING FREE ENTERPRISE. AEI PURSUES THESE IDEALS THROUGH INDEPENDENT THINKING AND THE HIGHEST STANDARDS OF RESEARCH AND EXPOSITION. 0 0 15031716 84850 DOMESTIC POLICY STUDIES:AEI'S DOMESTIC POLICY STUDIES SCHOLARS EXPLORE A BROAD RANGE OF TOPICSINCLUDING K-12 AND HIGHER EDUCATION REFORM, CITIZENSHIP, ETHICS,JUDICIARY ISSUES, EXECUTIVE AND LEGISLATIVE POLITICS, POLLS ANDELECTIONS, FEDERALISM, POVERTY, CIVIL RIGHTS, CRIME, AND OTHER PUBLICPOLICY ISSUES. AEI'S SCHOLARS ARE THOUGHT LEADERS IN THEIRFIELDS AND CONVENE CONFERENCES, IN-PERSON AND ONLINE EVENTS, AND PUBLICAND PRIVATE SEMINARS. IN ADDITION TO ITS MANY EVENTS AND SEMINARS, AEIPROMOTES ITS RESEARCH AND IDEAS THROUGH PRINT AND DIGITAL PUBLICATIONS,BLOG POSTS AND SOCIAL MEDIA, CONFERENCES, AND WORKING GROUPS. 11748621 213400 FOREIGN AND DEFENSE POLICY STUDIES:AEI'S FOREIGN AND DEFENSE POLICY STUDIES SCHOLARS SEEK TO UNDERSTANDHOW AMERICAN INTERESTS AND POLITICAL AND ECONOMIC FREEDOM CAN BEPROTECTED AND ADVANCED AROUND THE WORLD. THE PROGRAM'S RESEARCH AREASINCLUDE U.S. NATIONAL SECURITY AND DEFENSE, TERRORISM, INTERNATIONALSOVEREIGNTY, AND U.S. POLICY IN THE MIDDLE EAST, ASIA, RUSSIA, ANDNUMEROUS OTHER AREAS. AEI'S SCHOLARS FOCUS ON CURRENT POLICYISSUES AS WELL AS THOSE FURTHER OVER THE HORIZON. IN THE PROCESS, THEYEDUCATE POLICYMAKERS, BUSINESS LEADERS, ACADEMICS, JOURNALISTS,STUDENTS, AND ALL INTERESTED CITIZENS ON OUR NATION'S MOST CRITICALPOLICY ISSUES. 8732985 79500 SOCIAL, CULTURAL, AND CONSTITUTIONAL STUDIES:AEI'S SOCIAL CULTURAL AND CONSTITUTIONAL STUDIES SCHOLARS EXPLORE ISSUES RELATED TO THREE RESEARCH AREAS: 1.) LEGAL AND CONSTITUTIONAL TOPICS 2. POLITICS AND PUBLIC OPINION, AND 3. SOCIETY AND CULTURE. TOPICS STUDIED BY LEGAL AND CONSTITUTIONAL SCHOLARS INCLUDE CONGRESS, THE US PRESIDENCY, THE COURTS (INCLUDING THE SUPREME COURT OF THE UNITED STATES), THE ADMINISTRATIVE STATE, AND THE US CONSTITUTION. POLITICS AND PUBLIC OPINION SCHOLARS FOCUS ON POLLING, ELECTIONS, AND POLITICAL THEORY. SOCIETY AND CULTURE SCHOLARS STUDY AND COMMENT ON LIBERAL EDUCATION (SPECIFICALLY, THE HUMANITIES, HIGHER EDUCATION, AND CLASSICAL EDUCATION), CIVIL INSTITUTIONS, THE MEDIA, AMERICAN HISTORY, AND RELIGION. 17995166 437264 1458945 17995166 437264 1458945 53508488 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 331 0 1 354 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC NJ NY CA IL AL CT FL GA MD MI NC OR SC TN VA CO RI MS X THE ORGANIZATION 2028625800 1789 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 ROBERT DOAR PRESIDENT 40.00 X X 942680 0 119740 DANIEL A D'ANIELLO BD OF TRUSTEES - CHAIRMAN 2.00 X X 0 0 0 CLIFFORD S ASNESS BD OF TRUSTEES 1.00 X 0 0 0 THE HONORABLE RICHARD B CHENEY BD OF TRUSTEES 1.00 X 0 0 0 PETER H COORS BD OF TRUSTEES 1.00 X 0 0 0 HARLAN CROW BD OF TRUSTEES 1.00 X 0 0 0 RAVENEL B CURRY III BD OF TRUSTEES 1.00 X 0 0 0 KIMBERLY O DENNIS BD OF TRUSTEES 1.00 X 0 0 0 RICHARD DEVOS BD OF TRUSTEES 1.00 X 0 0 0 MARTIN C ELTRICH III BD OF TRUSTEES 1.00 X 0 0 0 TULLY M FRIEDMAN BD OF TRUSTEES 1.00 X 0 0 0 CHRISTOPHER B GALVIN BD OF TRUSTEES 1.00 X 0 0 0 HARVEY GOLUB BD OF TRUSTEES 1.00 X 0 0 0 ROBERT GREENHILL BD OF TRUSTEES 1.00 X 0 0 0 FRANK J HANNA BD OF TRUSTEES 1.00 X 0 0 0 JOHN K HURLEY BD OF TRUSTEES 1.00 X 0 0 0 JOANNA F JONSSON BD OF TRUSTEES 1.00 X 0 0 0 MARC S LIPSCHULTZ BD OF TRUSTEES 1.00 X 0 0 0 JOHN A LUKE JR BD OF TRUSTEES 1.00 X 0 0 0 PAT NEAL BD OF TRUSTEES 1.00 X 0 0 0 ROSS PEROT JR BD OF TRUSTEES 1.00 X 0 0 0 GEOFFREY S REHNERT BD OF TRUSTEES 1.00 X 0 0 0 KEVIN B ROLLINS BD OF TRUSTEES 1.00 X 0 0 0 MATTHEW K ROSE BD OF TRUSTEES 1.00 X 0 0 0 EDWARD B RUST JR BD OF TRUSTEES 1.00 X 0 0 0 WILSON H TAYLOR BD OF TRUSTEES 1.00 X 0 0 0 WILLIAM H WALTON BD OF TRUSTEES 1.00 X 0 0 0 BEHDAD EGHBALI BD OF TRUSTEES 1.00 X 0 0 0 DEEPA JAVERI BD OF TRUSTEES 1.00 X 0 0 0 WILL WEATHERFORD BD OF TRUSTEES 1.00 X 0 0 0 JASON W BERTSCH EXECUTIVE VICE PRESIDENT 40.00 X 494880 0 60740 KAZUKI KO CHIEF FINANCIAL OFFICER & TREASURER 40.00 X 205390 0 35760 YUVAL LEVIN DIRECTOR, SCCS 40.00 X 393849 0 60540 MICHAEL R STRAIN DIRECTOR, ECONOMIC POLICY 40.00 X 310260 0 68840 SUZANNE B GERSHOWITZ VP, ADMINISTRATION & COUNSEL 40.00 X 295245 0 57666 KORI SCHAKE DIRECTOR, FDP 40.00 X 356498 0 45496 RYAN STREETER DIRECTOR, DOMESTIC POLICY 40.00 X 277880 0 57248 JOHN CUSEY VP, COMMUNICATIONS AND GOV 40.00 X 242880 0 53379 NICHOLAS EBERSTADT HW CHAIR IN POLITICAL ECONOMY 40.00 X 300008 0 64813 JAMES C CAPRETTA SENIOR FELLOW 40.00 X 243450 0 58299 FREDERICK HESS DIRECTOR, ED POLICY STUDIES 40.00 X 244495 0 46077 ADAM WHITE SENIOR FELLOW 40.00 X 258880 0 54936 DANIELLE PLETKA DISTINGUISHED SENIOR FELLOW 40.00 X 254093 0 31126 4820488 0 814660 93 0 1 0 SEA ISLAND AQUISITION LLC PO BOX 30861 SEA ISLAND GA 31561 CONFERENCE EXPENSES 2857553 HARBINGER LLC 1301 K STREET NORTHWEST SUITE 300W WASHINGTON DC 20005 CONFERENCE EXPENSES 1388353 HALL CAPITAL PARTNERS LLC 1 MARITIME PLAZA 6TH FLOOR SAN FRANCISCO CA 94111 INVESTMENT ADVISORY AND FUND MANAGEMENT 553316 CORBETT TECHNOLOGY SOLUTIONS 4151 LAFAYETTE CENTER DRIVE SUITE CHANTILLY VA 20151 AV SYSTEM REDESIGN AND OTHER AV SERVICES 546924 NATIONAL FOOD ENTERPRISES INC 2659 SOUTH SHIRLINGTON ROAD ARLINGTON VA 22206 CATERING SERVICES FOR EVENTS 468543 25 48096841 1053502 48096841 EDU SEM/CONFERENCE 611430 1410846 1410846 ROYALTIES SALE PUB 812900 72994 72994 RESEARCH PUB/MATERIALS 541800 48099 48099 1531939 1306148 1306148 20153486 17280209 2873277 2873277 2873277 53808205 1458945 0 4252419 20000 20000 765764 765764 29250 29250 4122508 2710079 1071359 341070 27301076 22984269 2182032 2134775 2183469 1823764 204261 155444 3080243 2572803 288154 219286 2121518 1772019 198466 151033 138053 138053 70072 70072 60000 60000 526963 526963 1940940 1146516 583992 210432 371969 246382 88240 37347 2779939 1951656 717149 111134 5233603 3386708 1560774 286121 854897 797164 712 57021 8372120 7102215 62756 1207149 869917 562930 259429 47558 260732 168722 77756 14254 SCHOLAR FEE 2935256 2935256 RESEARCH AND PUBLICATIO 2174042 2140363 14874 18805 BUILDING MAINTENANCE 606743 392628 180945 33170 66819074 53508488 8225987 5084599 13915024 8803221 12579827 9222118 174262 74665 2484299 1027362 1056796 8227015 5311618 3402302 2915397 80163602 95061853 232072944 229958529 623877 1334536 346443499 348427115 3918246 4372612 2379731 3065998 6297977 7438610 X 284466906 288419760 55678616 52568745 340145522 340988505 346443499 348427115 X -13010869 14492425 -638573 X X 0 1 X 1 0 X 46622409 42381205 71846952 59205945 48096841 268153352 46622409 42381205 71846952 59205945 48096841 268153352 37157092 230996260 2039526 1669990 781585 5424492 1306148 11221741 279375093 5909618 0.82680 0.81820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96374818 3980000 9562083 7107579 102809322 123368287 1580000 -20862002 7711467 96374818 98930707 480000 31530743 7573163 123368287 109114336 648826 -3358750 7473705 98930707 113586513 643909 2102383 7218469 109114336 0.66565 0.14770 0.18665 0 0 1898196 1650874 247322 6328819 3660744 2668075 2915397 INVESTMENT IN AEI 1789 MASSACHUSETTS PROPERTY OWNER, LLC 116784949 F HALL AR FUND 9588231 F HCP PRIVATE EQUITY FUND 10238793 F TYBOURNE LONG OPPORTUNITIES OFFSHORE 8085638 F EMPYREAN CAPITAL OVERSEAS FUND, LTD. 9143967 F FINEPOINT 8420998 F CERVIAN CAPITAL II 9534840 F TACONIC OPPORTUNITY OFFSHORE 7552441 F VARDE INVESTMENTS PARTNERS 2189372 F STEADFAST INTERNATIONAL, LTD. 7029121 F AMANSA 6355164 F HCP PE IX 6178470 F LONE CEDAR, LTD. 5408476 F WESTWOOD GLOBAL INVESTMENT 4941115 F COREVIEW OFFSHORE FUND 3398506 F PRIME FINANCE LONG DURATION 2403345 F HCP PE X 3406233 F HCP REAL ESTATE FUND III 2390704 F M SQUARE 2313351 F PRIME FINANCE LONG DURATION B-PIECE III, LP 1174133 F FORTRESS INVESTMENTS 785292 F LUXOR CAPITAL 349501 F FARALLON 58605 F HCP PE IV 619004 F HCP PE XI 870641 F INVESTMENT IN AEI 1785 MASSACHUSETTS PROPERTY OWNER, LLC 737639 F 229958529 DEFERRED COMPENSATION OBLIGATION 766996 DEFERRED RENT 1732084 LEASE LIABILITY 566918 3065998 X PART V, LINE 4: THE ENDOWMENT FUNDS PROVIDE LONG-TERM FINANCIAL SUPPORT FOR AEI'S GENERAL OPERATIONS AND FOR PARTICULAR RESEARCH. THE ENDOWMENT FUNDS OFTEN TAKE THE FORM OF NAMED CHAIRS FOR SCHOLARS WORKING IN PARTICULAR FIELDS. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE (IRS) AS OTHER THAN A PRIVATE FOUNDATION. THE INSTITUTE, HOWEVER, IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME, TO THE IRS AND VARIOUS STATES. THE INSTITUTE HAD NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2023 AND JUNE 30, 2022. THE INCOME TAX POSITIONS TAKEN BY AEI FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE INSTITUTE CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THE INSTITUTE HAS PROPERLY REPORTED UNRELATED BUSINESS INCOME THAT IS SUBJECT TO INCOME TAXES. AEI BELIEVES THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE UNRECOGNIZED TAX LIABILITIES WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF AEI'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 TRAVEL STIPENDS TO RECIPIENTS LOCATED IN REGION 14250 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 TRAVEL STIPENDS TO RECIPIENTS LOCATED IN REGION 7500 NORTH AMERICA - CANADA AND MEXICO 0 0 TRAVEL STIPENDS TO RECIPIENTS LOCATED IN REGION 3000 SUB-SAHARAN AFRICA ANGOLA, BENIN, BOTSWANA, BURKINA FASO 0 0 TRAVEL STIPENDS TO RECIPIENTS LOCATED IN REGION 1500 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 TRAVEL STIPENDS TO RECIPIENTS LOCATED IN REGION 3000 0 0 0 0 0 0 29250 0 29250 TRAVEL STIPENDS EAST ASIA AND THE PACIFIC 8 14250 WIRE TRAVEL STIPENDS EUROPE (INCLUDING ICELAND & GREENLAND) 3 7500 WIRE TRAVEL STIPENDS NORTH AMERICA 1 3000 WIRE TRAVEL STIPENDS SUB-SAHARAN AFRICA 1 1500 WIRE TRAVEL STIPENDS SOUTH ASIA 1 3000 WIRE 0 0 0 0 0 0 PART I, LINE 2: OTHER ASSISTANCE PAID TO INDIVIDUALS OUTSIDE THE UNITED STATES IS SUPERVISED BY PROGRAM MANAGERS WHO PROVIDE OVERSIGHT, APPROVE PAYMENTS AND PROVIDE AN ACCOUNTING OF FUNDS SPENT. PART III ACCOUNTING METHOD: X X X X X 1 IETSO LLC 2907 BUTTERFIELD ROAD SUITE 150 OAK BROOK IL 60523 FUNDRAISING CONSULTANT 0 0 60000 0 60000 DC NY NJ IL CA CO CT FL GA OR AL NC VA MD MI SC TN MS RI ME PA 1 STATE POLICY NETWORK 1655 N FORT MYER DRIVE SUITE 360 ARLINGTON VA 22209 570952531 501(C)(3) 20000 0 GENERAL SUPPORT STIPENDS FOR VISITING SCHOLARS 355 376464 TRAVEL STIPENDS TO RECIPIENTS 201 389300 PART I, LINE 2: AEI REQUIRES THAT RECIPIENTS OF GRANTS SUBMIT REPORTS DETAILING THE OUTCOMES OF THE GRANT PROJECTS AND THE USE OF FUNDS. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ROBERT DOAR PRESIDENT 612180 0 310000 0 20500 0 91100 0 28640 0 1062420 0 0 0 JASON W BERTSCH EXECUTIVE VICE PRESIDENT 424380 0 50000 0 20500 0 36800 0 23940 0 555620 0 0 0 YUVAL LEVIN DIRECTOR, SCCS 336429 0 47250 0 10170 0 36600 0 23940 0 454389 0 0 0 KORI SCHAKE DIRECTOR, FDP 321540 0 32150 0 2808 0 36600 0 8896 0 401994 0 0 0 MICHAEL R STRAIN DIRECTOR, ECONOMIC POLICY 276680 0 31750 0 1830 0 36600 0 32240 0 379100 0 0 0 NICHOLAS EBERSTADT HW CHAIR IN POLITICAL ECONOMY 293055 0 6650 0 303 0 36600 0 28213 0 364821 0 0 0 SUZANNE B GERSHOWITZ VP, ADMINISTRATION & COUNSEL 275245 0 20000 0 0 0 35760 0 21906 0 352911 0 0 0 RYAN STREETER DIRECTOR, DOMESTIC POLICY 261630 0 16250 0 0 0 33720 0 23528 0 335128 0 0 0 ADAM WHITE SENIOR FELLOW 246880 0 12000 0 0 0 31440 0 23496 0 313816 0 0 0 JAMES C CAPRETTA SENIOR FELLOW 229700 0 13750 0 0 0 30150 0 28149 0 301749 0 0 0 JOHN CUSEY VP, COMMUNICATIONS AND GOV 229880 0 13000 0 0 0 29520 0 23859 0 296259 0 0 0 FREDERICK HESS DIRECTOR, ED POLICY STUDIES 232745 0 11750 0 0 0 30247 0 15830 0 290572 0 0 0 DANIELLE PLETKA DISTINGUISHED SENIOR FELLOW 252943 0 1150 0 0 0 30491 0 635 0 285219 0 0 0 KAZUKI KO CHIEF FINANCIAL OFFICER & TREASURER 201390 0 4000 0 0 0 24960 0 10800 0 241150 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: BOARD MEMBERS AND STAFF ARE PERMITTED TO BRING SPOUSES TO THE ANNUAL OFF-SITE MEETINGS, WORLD FORUM AND THE BOARD RETREAT. PART I, LINE 4B JASON BERTSCH AND ROBERT DOAR PARTICIPATED IN A DEFERRED COMPENSATION PLAN DURING THE YEAR ENDED JUNE 30, 2023. LYNNE CHENEY SPOUSE OF DIRECTOR 98000 EMPLOYEE COMPENSATION AND 403B EMPLOYER CONTRIBUTION 0 X 3 169992 X 21 626998 FAIR VALUE X EVENT EXPENSES 3 131923 FAIR VALUE X COMPUTER EQUIPMENT 168 124589 FAIR VALUE 0 0 1 PART I, LINE 32B: AEI HAS AN ACCOUNT WITH A SECURITIES BROKER TO ACCEPT STOCK DONATIONS. DONATIONS ARE SENT DIRECTLY TO THIS ACCOUNT AND ARE SOLD WITHIN A FEW BUSINESS DAYS OF RECEIPT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AEI REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE INSTITUTE'S CONFLICT OF INTEREST POLICY, WHICH IS POSTED ON AEI'S WEBSITE, WWW.AEI.ORG/ABOUT. AEI SCHOLARS, FELLOWS, AND OFFICERS ARE REQUIRED TO PROVIDE ANNUAL REPORTS TO AEI'S PRESIDENT LISTING ALL OF THEIR OUTSIDE ACTIVITIES. THE PRESIDENT THEN PROVIDES A SUMMARY REPORT TO THE NOMINATING AND GOVERNANCE COMMITTEE OF AEI'S BOARD OF TRUSTEES. THE PRESIDENT MAY BRING PARTICULAR ISSUES TO THE ATTENTION OF THIS COMMITTEE OR TO AN INTERNAL COMMITTEE OF SENIOR SCHOLARS AND FELLOWS FOR THEIR REVIEW AND COUNSEL. THE NOMINATING AND GOVERNANCE COMMITTEE ALSO REVIEWS THE COMMERCIAL, PROFESSIONAL, AND CIVIC ENGAGEMENTS OF INDIVIDUALS BEING CONSIDERED FOR ELECTION TO THE BOARD OF TRUSTEES. AEI SCHOLARS AND FELLOWS ARE ALSO REQUIRED TO DISCLOSE IN THEIR PUBLISHED WORK ANY AFFILIATIONS THEY MAY HAVE WITH ORGANIZATIONS WITH A DIRECT INTEREST IN THE SUBJECT OF THAT WORK. WHEN MAKING HIRING DECISIONS TO AEI'S STAFF OR WHEN NOMINATING NEW MEMBERS TO AEI'S BOARD, AEI'S EXECUTIVE TEAM AND BOARD OF TRUSTEES STRESS TO CANDIDATES THE IMPORTANCE OF HONESTY AND INTEGRITY IN THEIR WORK. NEW EMPLOYEES ARE GIVEN A COPY OF AEI'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A AEI FOLLOWS THE FOLLOWING PROCESS FOR DETERMINING COMPENSATION, AS STATED IN AEI'S BYLAWS: THE COMPENSATION OF AEI'S PRESIDENT SHALL BE RECOMMENDED BY THE EXECUTIVE COMMITTEE AND REVISED AT INTERVALS THE COMMITTEE DEEMS APPROPRIATE. THE LEVEL OF AND ANY ADJUSTMENTS TO THE PRESIDENT'S COMPENSATION SHALL BE GUIDED BY THE FOLLOWING FACTORS: (A) THE INTRINSIC QUALITY OF HIS/HER MANAGEMENT, INTELLECTUAL LEADERSHIP, AND PUBLIC REPRESENTATION OF THE INSTITUTE; (B) THE INTRINSIC QUALITY AND PUBLIC REPUTATION OF THE INSTITUTE'S RESEARCH, PUBLICATIONS, AND OTHER OUTPUTS AND THE QUANTITY AND EFFECTIVE DISSEMINATION OF THAT OUTPUT; (C) THE INSTITUTE'S FINANCIAL PERFORMANCE AND STABILITY; (D) THE COMPENSATION OF OTHER CHIEF EXECUTIVES WITH SIMILAR EXPERIENCE; (E) THE COMPENSATION OF CHIEF EXECUTIVES OF OTHER, SIMILAR ORGANIZATIONS; (F) COMPETITIVE CONSIDERATIONS RELEVANT TO THE RETENTION OF THE PRESIDENT AND HIS/HER LONG-TERM COMMITMENT TO THE INSTITUTE; (G) THE PRESIDENT'S SALARY HISTORY; AND (H) ADDITIONAL SIMILAR FACTORS THE EXECUTIVE COMMITTEE DEEMS APPROPRIATE. THE EXECUTIVE COMMITTEE SHALL MAINTAIN RECORDS OF ITS REVIEWS OF THE PRESIDENT'S COMPENSATION AND THE REASONS FOR ANY ADJUSTMENTS IT MAY RECOMMEND TO THAT COMPENSATION, AND SHALL INFORM THE BOARD OF TRUSTEES AT LEAST EVERY TWO YEARS OF ITS EVALUATION OF THE PRESIDENT'S PERFORMANCE AND ANY REVISIONS IT HAS MADE TO THE HIS/HER COMPENSATION FOR APPROVAL BY THE FULL BOARD OF TRUSTEES. SECTION 2. THE COMPENSATION OF AEI'S OFFICERS AND MANAGERS, SCHOLARS AND FELLOWS, RESEARCH AND ADMINISTRATIVE STAFF, AND ALL OTHER EMPLOYEES SHALL BE DETERMINED BY THE PRESIDENT AND REVIEWED AND REVISED AT INTERVALS THE PRESIDENT DEEMS APPROPRIATE. THE LEVEL OF AND ANY ADJUSTMENTS TO THE COMPENSATION OF THE AEI'S EMPLOYEES SHALL BE GUIDED BY FACTORS SIMILAR TO THOSE USED BY THE EXECUTIVE COMMITTEE IN DETERMINING THE PRESIDENT'S COMPENSATION, AS APPLIED TO THE PARTICULAR RESPONSIBILITIES OF EACH EMPLOYEE. THE PRESIDENT SHALL MAINTAIN RECORDS OF REVIEWS OF AND ANY ADJUSTMENTS TO THE COMPENSATION OF AEI'S EMPLOYEES AND SHALL PROVIDE TO THE EXECUTIVE COMMITTEE, AT LEAST EVERY TWO YEARS, A REPORT ON AEI'S COMPENSATION POLICIES AND STRUCTURE. FORM 990, PART VI, SECTION C, LINE 19 AEI'S ORGANIZATION AND PURPOSES AND STATEMENTS ON RESEARCH INTEGRITY, PUBLIC ADVOCACY, POLITICAL CAMPAIGNS AND OTHER PARTISAN ACTIVITIES, OUTSIDE ACTIVITIES, AND CONFLICTS OF INTERESTS ARE POSTED AND UPDATED REGULARLY ON AEI'S WEBSITE. AEI'S ANNUAL REPORT, AUDITED FINANCIALS, AND 990 ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS -638,573. PART XII, LINE 2C AEI DID NOT CHANGE EITHER ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. AEI 1785 MASSACHUSETTS AVENUE PROPERTY OWNER LLC 1789 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 300942628 COMMERCIAL REAL ESTATE DC 0 0 AEI 1789 MASSACHUSETTS PROPERTY OWNER LLC 1789 MASSACHUSETTS AVE NW WASHINGTON DC 20036 352565244 REAL ESTATE INVESTMENT DE AMERICAN ENTERPRISE INSITUTE FOR PUBLIC POLICY RESEARCH C 6128 101169425 1.00000 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 AEI 1785 MASSACHUSETTS AVENUE PROPERTY OWNER LLC K 4005842 FMV