2022-08-11T14:10:32-05:00 2021-09-30 ERNST & YOUNG US LLP 18101 VON KARMAN AVE STE 1700 IRVINE CA 92612 990 2020-10-01 951958142 THE RAND CORPORATION % MICHAEL JANUZIK RAND 3103930411 1776 MAIN STREET PO BOX 2138 SANTA MONICA CA 904072138 Michael Januzik VP & CFO 3103930411 2022-08-08 Michael Januzik 999009999 KARA ADAMS P00023315 9497942300 2 2020 2022-09-23 18:48:47Z Jason Matheny 1776 MAIN ST PO BOX 2138 SANTA MONICA CA 90407 411076694 false X WWW.RAND.ORG X 1948 CA HELP IMPROVE POLICY AND DECISION MAKING THROUGH RESEARCH AND ANALYSIS. 24 23 2225 23 57241 0 359891413 354327962 9753092 9961736 13512548 16900207 833 12502 383157886 381202407 166445 320194 0 0 272092940 266117911 0 0 5002842 95404176 90768926 367663561 357207031 15494325 23995376 552267845 605646656 217192624 198059424 335075221 407587232 X HELP IMPROVE POLICY AND DECISION MAKING THROUGH RESEARCH AND ANALYSIS. false false 272756314 320194 9961736 PUBLIC POLICY RESEARCH ALL IN THE FURTHERANCE OF OUR CHARTER 'TO FURTHER AND PROMOTE SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES ALL FOR THE PUBLIC WELFARE AND SECURITY OF THE UNITED STATESTHE OPERATION OF DOCTORAL AND DEGREE PROGRAMS. 272756314 true true false true false false false true true true true true false true false false false true false true true false false false false false false false true true true false false false false false false false false false false true false false false true true true true true false true 708 0 true 2225 true true true true AS UK false false false true true false false false false false false X 24 23 true false false false false false false true true false false false true true true true true true true false AL CA MA MS NJ NY OR PA VA X X MICHAEL JANUZIK 3103930411 1776 MAIN STREET SANTA MONICA CA 90401 MICHAEL D RICH PRESIDENT & CEO 40.0 0.0 X X 1022057 0 79236 ANDREW HOEHN SVP, Research and Analysis 40.0 0.0 X 449305 0 50446 ERIC PELTZ VP, Finance & Operations 40.0 0.0 X 380400 0 66972 CHERYL DAMBERG ECONOMIST PRINCIPAL, SR 40.0 0.0 X 371166 0 68208 MICHAEL J JANUZIK VP, Chief Financial Officer 40.0 0.0 X 368341 0 64580 SUSAN L MARQUIS DEAN, PRG & VP, INNOVA (PT YR) 40.0 0.0 X 373138 0 57114 KEVIN JACK RILEY VP, HSRD 40.0 0.0 X 367391 0 54703 BRANDON BAKER VP, DEVELOPMENT 40.0 0.0 X 370133 0 51003 ROBERT CASE VP, GENERAL CNSL & CORP SEC 40.0 0.0 X 341573 0 71061 EDWARD R HARSHBERGER VP, PROJECT AIR FORCE 40.0 0.0 X 342391 0 69832 CARL RHODES DIR, RAND AUSTRALIA 40.0 0.0 X 317801 0 38625 ALLISON E ELDER VP, Human Resources 40.0 0.0 X 292265 0 59543 TIMOTHY BONDS VICE PRESIDENT (FRMR OFFICER) 40.0 0.0 X 290776 0 56058 JENNIFER GOULD COS & INTERIM SEC. (FRMR OFCR) 40.0 0.0 X 218908 0 50118 PEDRO JOSE GREER JR TRUSTEE (PART YEAR) 1.0 0.0 X 1400 0 0 PHILIP LADER TRUSTEE 1.0 0.0 X 1400 0 0 DAVID L PORGES TRUSTEE 1.0 0.0 X 1400 0 0 DONALD B RICE TRUSTEE 1.0 0.0 X 700 0 0 CARL O BILDT TRUSTEE 1.0 0.0 X 0 0 0 RICHARD J DANZIG TRUSTEE 1.0 0.0 X 0 0 0 KAREN ELLIOTT HOUSE TRUSTEE (PART YEAR) 1.0 0.0 X 0 0 0 KENNETH FEINBERG TRUSTEE 1.0 0.0 X 0 0 0 MALA GAONKAR TRUSTEE 1.0 0.0 X 0 0 0 MALCOLM GLADWELL TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL GOULD TRUSTEE 1.0 0.0 X 0 0 0 CHUCK HAGEL TRUSTEE 1.0 0.0 X 0 0 0 BONNIE HILL TRUSTEE (PART YEAR) 1.0 0.0 X 0 0 0 JOEL Z HYATT TRUSTEE 1.0 0.0 X 0 0 0 LIONEL C JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL E LEITER TRUSTEE 1.0 0.0 X 0 0 0 PETER LOWY TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL LYNTON TRUSTEE 1.0 0.0 X 0 0 0 VIVEK H MURTHY TRUSTEE (PART YEAR) 1.0 0.0 X 0 0 0 SOLEDAD O'BRIEN TRUSTEE 1.0 0.0 X 0 0 0 GERALD L PARSKY TRUSTEE 1.0 0.0 X 0 0 0 MARY E PETERS TRUSTEE 1.0 0.0 X 0 0 0 LEONARD D SCHAEFFER TRUSTEE 1.0 0.0 X 0 0 0 FRANCIS FUKUYAMA TRUSTEE 1.0 0.0 X 0 0 0 RAYNARD S KINGSTON TRUSTEE 1.0 0.0 X 0 0 0 JANET NAPOLITANO TRUSTEE 1.0 0.0 X 0 0 0 TERESA ROSEBOROUGH TRUSTEE 1.0 0.0 X 0 0 0 5510545 0 837499 939 true true false UNIVERSAL PROTECTION SERVICE LP 161 WASHINGTON STREET SUITE 600 CONSHOHOCKEN PA 194282083 SECURITY SERVICES 2057406 ERNST YOUNG LLP FIVE TIMES SQUARE NEW YORK NEW YORK NY 100366530 CONSULTING SERVICES 1298100 JOHNSON CONTROLS BUILDING AUTOMATIO 5757 N GREEN BAY AVE PO BOX 591 MILWAUKEE WI 53201 BUILDING MAINTENANCE 1129328 COLLABORATIVE SOLUTIONS LLC 11190 SUNRISE VALLEY DRIVE SUITE 11 RESTON VA 20191 CONSULTING SERVICES 879473 PRICEWATERHOUSECOOPERS LLP PO BOX 514038 LOS ANGELES CA 900514038 CONSULTING SERVICES 654537 40 280962728 73365234 11952444 354327962 FEE REVENUE 900099 9894214 9894214 RENTAL INCOME 900099 67522 67522 9961736 5302374 57241 5245133 0 0 8477 8477 0 8477 8477 41471918 29874085 11597833 11597833 11597833 0 0 0 0 0 0 4227 202 4025 4025 0 381202407 9961736 57241 16855468 0 320194 320194 0 0 3358527 1229355 2009205 119967 533385 253091 253251 27043 176039934 145466817 27570445 3002672 14783319 12062258 2439816 281245 57169212 46211645 9860462 1097105 14233534 11600659 2360745 272130 0 1316208 47778 1283329 -14899 2287260 2287260 2570 2570 0 628889 628889 4521533 2226003 2295491 39 0 12469617 7581710 4783837 104070 14332968 10698080 3586661 48227 0 8380748 4954972 3425776 1065415 994970 36388 34057 0 79015 60280 15471 3264 3233255 3233255 0 10285696 1827213 8458483 2121784 800857 1320927 SUBCONTRACTS 23268465 23196556 71909 GIFT CARDS 1845130 1834880 10250 LETTER AGREEMENTS 1341820 1332070 9500 250 TAXES AND LICENSES 470725 39479 429680 1566 3117828 17447 3074275 26106 357207031 272756314 79447875 5002842 20413194 29617914 19515360 12812209 15411421 20728620 74903087 63083517 0 0 0 0 4087088 5233623 7084 6406 9498249 10367727 246669512 142363523 98488999 104305989 171598616 189886257 108738447 138045558 0 0 0 0 29606300 31558836 552267845 605646656 97312240 87445405 0 0 14480147 12801630 105341394 97812389 0 0 0 0 0 0 0 0 58843 0 217192624 198059424 X 195374052 242960332 139701169 164626900 335075221 407587232 552267845 605646656 X 23995376 42568498 5948137 X X false true X true true true X 321419709 351104724 366714456 359891413 354327962 1753458264 0 0 0 0 0 0 0 0 0 0 0 0 321419709 351104724 366714456 359891413 354327962 1753458264 0 1753458264 6047605 7203431 9758353 5090548 5302374 33402311 0 0 0 0 0 0 0 0 0 0 0 0 1786860575 51904066 0.98131 0.97990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2570 2570 357204461 357207031 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 3590 78 5385 2570 11623 250000 250000 250000 250000 1000000 1500000 0 0 0 221825 X false true 24390559 5052394 1207393 28235560 false 280337568 1898523 58724561 13028979 327931673 272114018 18235359 2392203 12404012 280337568 278994080 2069950 3277731 12227743 272114018 264032415 1897304 24452110 11387749 278994080 236334152 1913341 37150933 11366011 264032415 0.62620 0.21020 0.16360 false false 8804060 8804060 122078974 50515703 71563271 24330108 17511763 6818345 86965908 74288173 12677735 4490462 47884 4442578 104305989 ALTERNATIVE INVESTMENTS 138045558 F 138045558 CONTRIBUTION RECEIVABLE 9054756 INTERCOMPANY RECEIVABLE 16225790 OTHER ASSETS 6278290 31558836 435711739 42568498 12572407 55140905 380570834 628889 2684 631573 381202407 369651906 13077788 13077788 356574118 628889 4024 632913 357207031 SCHEDULE D, PART III, LINE 4 COLLECTIONS AND HOW THEY FURTHER THE ORGANIZATION'S EXEMPT PURPOSE THE DONATED ARTWORK ASSISTS RAND IN ITS MISSION AS IT ALLOWS RAND TO OFFER COLLECTION TOURS AS PART OF DONOR CULTIVATION AND CONTINUES TO BE A FEATURED PART OF RAND'S ART AND ARCHITECTURE TOURS FOR THE COMMUNITY. SCHEDULE D, PART IV, LINE 1B TRUST ESCROW AND CUSTODIAL ARRANGEMENTS RAND CONTRIBUTES TO, AND IS THE SOLE TRUSTEE OF, A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION IRREVOCABLE TRUST THAT IS USED TO PARTIALLY FUND HEALTH CARE BENEFITS FOR RETIREES AND THEIR ELIGIBLE DEPENDENTS. BENEFICIARIES SHARE SUBSTANTIALLY IN THE COST OF COVERAGE. SCHEDULE D, PART V, LINE 4 USES OF ENDOWMENT FUNDS RAND'S ENDOWMENT CONSISTS OF APPROXIMATELY 54 INDIVIDUAL INVESTMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT HAS BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT FUNDS. RAND HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. SCHEDULE D, PART XI, LINE 2D RAND EUROPE REVENUE $ 13,221,634 RAND AUSTRALIA REVENUE $ 1,949,316 ELIMINATION REVENUE $ (2,598,543) --------------- TOTAL $ 12,572,407 SCHEDULE D, PART XI, LINE 4B RAND STORE REVENUE $ 4,025 ROUNDING $ (1,341) ---------- TOTAL $ 2,684 SCHEDULE D, PART XII, LINE 2D RAND EUROPE EXPENSES $ 13,221,634 RAND AUSTRALIA EXPENSES $ 2,454,696 ELIMINATION EXPENSES $ (2,598,542) --------------- TOTAL $ 13,077,788 SCHEDULE D, PART XII, LINE 4B RAND STORE REVENUE $ 4,024 ---------- TOTAL $ 4,024 Russia and the Newly Independent States Program Services PUBLIC POLICY RESEARCH 3000 Europe (Including Iceland and Greenland) Program Services PUBLIC POLICY RESEARCH 2250 Central America and the Caribbean Investments 36646327 36651577 36651577 true false true true true false SCHEDULE F, PART I, LINE 3 COLUMN F Accounting Method CONSISTENT WITH OTHER EXPENDITURES DISCLOSED IN THIS 990 FORM, THE PROGRAM SERVICE EXPENDITURES LISTED IN SCHEDULE F, PART I ARE SHOWN USING AN ACCRUAL BASIS OF ACCOUNTING. true FELLOWSHIP GRANTS 6 320194 SCHEDULE I, PART I, LINE 2 DESCRIPTION OF ORGANIZATION'S PROCEDURE FOR MONITORING THE USE OF FUNDS TO ENHANCE ITS RESEARCH AGENDA AND PROVIDE VALUABLE TRAINING IN POLICY ANALYSIS, RAND PARTICIPATES IN A NUMBER OF PROGRAMS THAT PROVIDE FUNDING FOR FELLOWSHIPS. OUTSIDE ORGANIZATIONS, AGENCIES, AND FOUNDATIONS OCCASIONALLY MAKE FELLOWSHIPS AVAILABLE THROUGH GRANTS AWARDED TO RAND. SUCH OPPORTUNITIES ARE GENERALLY WIDELY ADVERTISED, AND A COMPETITIVE APPLICATION PROCESS DETERMINES THE FELLOWSHIP RECIPIENT. FELLOWSHIP FUNDS ARE SEGREGATED AND MANAGEMENT ACTIVELY MONITORS SPENDING TO ENSURE ANY AND ALL REQUIREMENTS ARE MET, WHICH INCLUDES SUBMITTING PROGRESS REPORTS ATTESTING TO THE WORK COMPLETED BY THESE FELLOWS. X X X true true X X X X X false true false false false false false true false MICHAEL D RICH PRESIDENT & CEO 707326 0 204585 0 110146 0 52515 0 26721 0 1101293 0 0 0 ANDREW HOEHN SVP, Research and Analysis 393751 0 51465 0 4089 0 33015 0 17431 0 499751 0 0 0 MICHAEL J JANUZIK VP, Chief Financial Officer 347993 0 16668 0 3680 0 33015 0 31565 0 432921 0 0 0 SUSAN L MARQUIS DEAN, PRG & VP, INNOVA (PT YR) 350665 0 18878 0 3595 0 33015 0 24099 0 430252 0 0 0 ROBERT CASE VP, GENERAL CNSL & CORP SEC 324692 0 16086 0 795 0 33015 0 38046 0 412634 0 0 0 JENNIFER GOULD COS & INTERIM SEC. (FRMR OFCR) 210710 0 7891 0 307 0 19384 0 30734 0 269026 0 0 0 ALLISON E ELDER VP, Human Resources 268935 0 21528 0 1802 0 33015 0 26528 0 351808 0 0 0 ERIC PELTZ VP, Finance & Operations 342843 0 36354 0 1203 0 33015 0 33957 0 447372 0 0 0 KEVIN JACK RILEY VP, HSRD 330528 0 25457 0 11406 0 33015 0 21688 0 422094 0 0 0 TIMOTHY BONDS VICE PRESIDENT (FRMR OFFICER) 289156 0 0 0 1620 0 33015 0 23043 0 346834 0 0 0 EDWARD R HARSHBERGER VP, PROJECT AIR FORCE 306013 0 34316 0 2062 0 33015 0 36817 0 412223 0 0 0 CHERYL DAMBERG ECONOMIST PRINCIPAL, SR 305777 0 62197 0 3192 0 33015 0 35193 0 439374 0 0 0 BRANDON BAKER VP, DEVELOPMENT 341535 0 28128 0 470 0 27315 0 23688 0 421136 0 0 0 CARL RHODES DIR, RAND AUSTRALIA 214980 0 22395 0 80426 0 26684 0 11941 0 356426 0 0 0 SCHEDULE J, PART I, LINE 1A SUPPLEMENTAL COMPENSATION INFORMATION RAND PROVIDES ADDITIONAL BENEFITS TO EMPLOYEES IN CONSIDERATION OF CERTAIN INTERNATIONAL ASSIGNMENTS, SUCH AS TAX INDEMNIFICATIONS, AND TRANSPORTATION ALLOWANCES. BENEFITS ARE TAXABLE AND THUS REPORTED AS INCOME BY THE INDIVIDUAL. THESE BENEFITS ARE DETAILED IN AN EXPATRIATE AGREEMENT SIGNED BY THE INDIVIDUALS. RAND'S TRAVEL POLICY PROHIBITS FIRST CLASS TRAVEL EXCEPT IN LIMITED CIRCUMSTANCES. IN ACCORDANCE WITH THIS POLICY, PART VII LISTED PERSONS WILL OCCASIONALLY TRAVEL FIRST CLASS. SCHEDULE J, PART I, LINE 4B IN 2020, MICHAEL RICH RECEIVED PAYMENTS RELATED TO NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). THE ORGANIZATION'S SERP PROVIDES A BENEFIT DETERMINED BY A FORMULA DRIVEN BY COMPENSATION, CONTINIOUS SERVICE, AND AGE. THE BENEFIT IS PAID IMMEDIATELY AFTER THE END OF THE CALENDAR YEAR. THE MAXIMUM DEFERRAL AMOUNT UNDER SECTION 457 (B), $19,500 FOR CY2020, IS DEPOSITED INTO A RABBI TRUST HELD BY THE NEWPORT TRUST (CUSTODIAN), WHICH ALLOWS THE EXECUTIVE TO DIRECT HOW THE BENEFITS WILL BE INVESTED WITHIN THEIR NONQUALIFIED RETIREMENT ACCOUNTS. THE REMAINDER ACCOUNTS ARE PAID DIRECTLY TO THE PARTICIPANT AND ARE INCLUDED AS PART OF THE W-2 EARNINGS UNDER SECTION 457 (F). CY2020 PAYMENTS RELATED TO SECTION 457 (F), INCLUDED IN SCHEDULE J, WERE $98,236 FOR MICHAEL RICH. SCHEDULE J, PART I, LINE 7 AS NOTED IN SCHEDULE O, PART OF THE BONUS PROVIDED TO PARTICIPANTS OF THE VARIABLE COMPENSATION PROGRAM IS DISCRETIONARY. A PREDETERMINED PERCENTAGE OF THE VARIABLE PAY MAY BE AWARDED AT THE DISCRETION OF THE CEO. THE VARIABLE COMPENSATION PROGRAM IS CONTINGENT ON WHETHER CERTAIN GOALS ARE ACHIEVED, INCLUDING CORPORATE FINANCIAL AND STRATEGIC ACHIEVEMENTS, AS WELL AS INDIVIDUAL GOALS. THE CEO, CFO, DIVISION AND DEPARTMENT HEADS, AND OTHER PARTICIPATE IN THE PROGRAM. AN ANNUAL REVIEW PROCESS, INCLUDING REVIEW BY THE EXECUTIVE COMMITTEE OR COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE, HELPS ENSURE THAT GOAL MEASUREMENT IS VALIDATED AND PAYOUTS ARE IN ACCORDANCE WITH THE PROGRAM. A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT PLAN 630304653 2021-04-01 98225000 SEE PART VI false false false A 0 0 98225000 0 0 0 0 0 0 0 0 0 2004 true false true true A 0 A false false false true true false 0 false 0 false true A true SCHEDULE K, PART I, LINE C, COLUMN (F) PURPOSE OF BOND ISSUES SERIES 2021 BONDS WERE ISSUED ON 4/1/2021 TO REFUND SERIES 2008A ISSUED ON 5/13/2008 AND SERIES 2008B BONDS ISSUED ON 6/8/2008. SCHEDULE K, PART III PER IRS GUIDANCE CONTAINED IN THE FORM 990 SCHEDULE K INSTRUCTIONS, ORGANIZATIONS WHO HAVE OUTSTANDING BONDS (OVER $100,000) ISSUED AFTER 12/31/2002 MUST FILE A SCHEDULE K. RAND THEREFORE FILES A SCHEDULE K DUE TO ITS OUTSTANDING 2021 BONDS. HOWEVER, ALSO PER IRS GUIDANCE CONTAINED IN THE FORM 990 SCHEDULE K INSTRUCTIONS, ORGANIZATIONS REPORTING ON BONDS ISSUED AFTER 12/31/2002 BUT WHICH REFUNDED BONDS ISSUED PRIOR TO 12/31/2002 (WHETHER DIRECTLY OR THROUGH A SERIES OF REFUNDINGS) DO NOT REPORT INFORMATION IN PART III (PRIVATE BUSINESS USE) OF SCHEDULE K. RAND THEREFORE DOES NOT REPORT INFORMATION IN PART III OF SCHEDULE K. SCHEDULE K, PART IV, LINE 2 THE LAST REBATE COMPUTATIONS WERE PERFORMED ON NOVEMBER 9, 2021. X 24 1992444 FMV X 2 9960000 Appraisal 0 false true false SCHEDULE M, PART I, COLUMN (B) THE AMOUNTS REPORTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. SCHEDULE M, PART I, LINE 17 ON DECEMBER 30, 2020, RAND WAS GIFTED TWO, NINE-UNIT APARTMENT BUILDINGS IN LOS ANGELES APPRAISED AT $9,960,000 THAT ARE INTENDED TO BE USED TO SUPPORT THE PARDEE RAND GRADUATE SCHOOL AND ITS GRADUATE STUDENTS AND/OR FACULTY HOUSING OR RELATED USES (SUCH AS VISITING SCHOLARS AND COMMON SPACES FOR THE PARDEE RAND COMMUNITY). FORM 990, PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS THE RAND CORPORATION IS A PUBLIC CHARITY AND AS SUCH RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM THE GOVERNMENT AND THE GENERAL PUBLIC (SEE ALSO SCHEDULE A). THIS SUPPORT IS NOT CONSIDERED PROGRAM SERVICE REVENUE AS DEFINED BY THE IRS AND THUS NOT REPORTED ON PART III, LINE 4A. HOWEVER, LIKE ALL PUBLIC CHARITIES, THIS SUPPORT IS USED TO FUND RAND'S PROGRAM SERVICES EXPENSES WHICH ARE REPORTED ON PART III, LINE 4A. FORM 990, PART VI, SECTION A, LINE 2 MALA GAONKAR AND MALCOLM GLADWELL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S GOVERNING BODY PROCEDURES FOR FORM 990 REVIEW RAND SUMMARIZES THE INFORMATION TO BE INCLUDED ON THE FORM 990 AND PROVIDES THE SUPPORT TO A THIRD-PARTY TAX FIRM SO THAT A DRAFT RETURN CAN BE COMPILED. THIS FIRM PROVIDES TAX GUIDANCE THROUGHOUT THE YEAR IN ADDITION TO PROVIDING GUIDANCE ON RETURN PREPARATION. ONCE THE DRAFT FORM 990 IS COMPILED, IT IS REVIEWED BY VARIOUS LEVELS OF MANAGEMENT WITHIN RAND, INCLUDING THE CFO. THE RAND BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT AND RISK COMMITTEE THE RESPONSIBILITY FOR THE OVERSIGHT OF THE FORM 990. THEREFORE, ONCE THE FORM 990 IS FINALIZED, IT IS THOROUGHLY REVIEWED BY THE AUDIT AND RISK COMMITTEE (ALONG WITH THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS) AND APPROVED FOR RELEASE. THE FORM 990 IS THEN SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12A WRITTEN CONFLICT OF INTEREST POLICY ENFORCEMENT NEW STAFF MEMBERS RECEIVE COPIES OF SEVERAL KEY POLICIES, INCLUDING INSTITUTIONAL PRINCIPLES, CONFLICT OF INTEREST, QUALITY ASSURANCE, AND OTHER ESSENTIAL POLICIES. CONFLICT OF INTEREST, CORPORATE INTEGRITY, INSTITUTIONAL PRINCIPLES, AND ETHICS POLICIES ARE POSTED PROMINENTLY ON RAND'S INTRANET. ALL EMPLOYEES ARE REQUIRED TO DISCLOSE OUTSIDE PROFESSIONAL ACTIVITIES, AND ALL OFFICERS, KEY STAFF MEMBERS AND STAFF WHO WORK ON RESEARCH PROJECTS ARE REQUIRED TO DISCLOSE RELATIONSHIPS AND FINANCIAL INTERESTS: (I) THAT ARE RELATED TO THEIR RESEARCH RESPONSIBILITIES, OR (II) THAT COULD BRING INTO QUESTION THE OBJECTIVITY OF THE RESEARCH. SUCH DISCLOSURES MUST BE MADE AT LEAST ANNUALLY, AND STAFF ALSO MUST REVIEW AND ACKNOWLEDGE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND COMPLETE RELEVANT TRAINING. PROSPECTIVE TRUSTEES ADVISE KEY MANAGEMENT OF ANY POSSIBLE CONFLICTS OF INTEREST BEFORE JOINING THE BOARD OF TRUSTEES. MOREOVER, ON AN ANNUAL BASIS EACH TRUSTEE IS ASKED BY THE VICE PRESIDENT, GENERAL COUNSEL, AND CORPORATE SECRETARY TO PROVIDE A LIST OF AFFILIATIONS IN WRITING THAT MAY RAISE A CONFLICT OF INTEREST ISSUE AND SIGN THE PRINCIPLES OF CONDUCT STATEMENT WHICH ASSERTS THAT THEY WOULD DISQUALIFY THEMSELVES FROM PARTICIPATING IN ANY RAND MATTERS WHICH THEY BELIEVE MAY GIVE RISE TO A POSSIBLE CONFLICT OF INTEREST. RAND MAINTAINS A FORMAL RECORD OF ALL INSTANCES WHERE TRUSTEES RECUSE THEMSELVES BECAUSE OF A POSSIBLE CONFLICT OF INTEREST. FINALLY, ALL RAND OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE ASKED TO COMPLETE AN ANNUAL RELATED PARTY QUESTIONNAIRE, SENT BY RAND'S CFO ORGANIZATION, TO SUPPORT RAND'S RESPONSES TO CERTAIN QUESTIONS ON THE FORM 990. THIS QUESTIONNAIRE, WHICH IS REVIEWED BY VARIOUS LEVELS OF MANAGEMENT, SEEKS TO IDENTIFY FAMILY AND BUSINESS RELATIONSHIPS AMONGST THE TRUSTEES AND OFFICERS AND REPRESENTS ANOTHER OPPORTUNITY OTHER THAN THE ABOVE FOR POTENTIAL CONFLICTS TO BE IDENTIFIED. PER THE AUDIT AND RISK COMMITTEE CHARTER, THE ETHICS AND COMPLIANCE OFFICER REPORTS REGULARLY TO THE AUDIT AND RISK COMMITTEE. THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE AUDIT AND RISK COMMITTEE. WHEN MANAGEMENT PROPOSES MATERIAL CHANGES. THE POLICY WAS LAST UPDATED AND APPROVED BY THE AUDIT AND RISK COMMITTEE IN MAY 2019. FORM 990, PART VI, SECTION B, LINE 15A DETERMINATION OF COMPENSATION FOR CEO THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE CONDUCTS ANNUAL PERFORMANCE REVIEWS FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. AS PART OF THE YEARLY EVALUATION, THE COMMITTEE REVIEWS MARKET DATA FROM SEVERAL SALARY SURVEYS AND EMPLOYS AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW FOR REASONABLENESS. THE COMMITTEE RECOMMENDS SALARY INCREASES AND DISCRETIONARY AMOUNTS OF THE VARIABLE COMPENSATION PROGRAM FOR THE UPCOMING YEAR TO THE BOARD OF TRUSTEES WHO MAKES THE FINAL DECISION FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION. THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE CONDUCTS THE REVIEW IN THE FALL AND DOCUMENTS THE REVIEW IN THE COMMITTEE MINUTES WHICH ARE THEN APPROVED AT THE NEXT MEETING. RAISES ARE EFFECTIVE IN FEBRUARY. WRITTEN CONFLICT OF INTEREST POLICY ENFORCEMENT NEW STAFF MEMBERS RECEIVE COPIES OF SEVERAL KEY POLICIES, INCLUDING INSTITUTIONAL PRINCIPLES, CONFLICT OF INTEREST, QUALITY ASSURANCE, AND OTHER ESSENTIAL POLICIES. CONFLICT OF INTEREST, CORPORATE INTEGRITY, INSTITUTIONAL PRINCIPLES, AND ETHICS POLICIES ARE POSTED PROMINENTLY ON RAND'S INTRANET. ALL EMPLOYEES ARE REQUIRED TO DISCLOSE OUTSIDE PROFESSIONAL ACTIVITIES, AND ALL OFFICERS, KEY STAFF MEMBERS AND STAFF WHO WORK ON RESEARCH PROJECTS ARE REQUIRED TO DISCLOSE RELATIONSHIPS AND FINANCIAL INTERESTS: (I) THAT ARE RELATED TO THEIR RESEARCH RESPONSIBILITIES, OR (II) THAT COULD BRING INTO QUESTION THE OBJECTIVITY OF THE RESEARCH. SUCH DISCLOSURES MUST BE MADE AT LEAST ANNUALLY, AND STAFF ALSO MUST REVIEW AND ACKNOWLEDGE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND COMPLETE RELEVANT TRAINING. PROSPECTIVE TRUSTEES ADVISE KEY MANAGEMENT OF ANY POSSIBLE CONFLICTS OF INTEREST BEFORE JOINING THE BOARD OF TRUSTEES. MOREOVER, ON AN ANNUAL BASIS EACH TRUSTEE IS ASKED BY THE VICE PRESIDENT, GENERAL COUNSEL, AND CORPORATE SECRETARY TO PROVIDE A LIST OF AFFILIATIONS IN WRITING THAT MAY RAISE A CONFLICT OF INTEREST ISSUE AND SIGN THE PRINCIPLES OF CONDUCT STATEMENT WHICH ASSERTS THAT THEY WOULD DISQUALIFY THEMSELVES FROM PARTICIPATING IN ANY RAND MATTERS WHICH THEY BELIEVE MAY GIVE RISE TO A POSSIBLE CONFLICT OF INTEREST. RAND MAINTAINS A FORMAL RECORD OF ALL INSTANCES WHERE TRUSTEES RECUSE THEMSELVES BECAUSE OF A POSSIBLE CONFLICT OF INTEREST. FINALLY, ALL RAND OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE ASKED TO COMPLETE AN ANNUAL RELATED PARTY QUESTIONNAIRE, SENT BY RAND'S CFO ORGANIZATION, TO SUPPORT RAND'S RESPONSES TO CERTAIN QUESTIONS ON THE FORM 990. THIS QUESTIONNAIRE, WHICH IS REVIEWED BY VARIOUS LEVELS OF MANAGEMENT, SEEKS TO IDENTIFY FAMILY AND BUSINESS RELATIONSHIPS AMONGST THE TRUSTEES AND OFFICERS AND REPRESENTS ANOTHER OPPORTUNITY OTHER THAN THE ABOVE FOR POTENTIAL CONFLICTS TO BE IDENTIFIED. PER THE AUDIT AND RISK COMMITTEE CHARTER, THE ETHICS AND COMPLIANCE OFFICER REPORTS REGULARLY TO THE AUDIT AND RISK COMMITTE. THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE AUDIT AND RISK COMITTEE WHEN MANAGEMENT PROPOSES MATERIAL CHANGES. THE POLICY WAS LAST UPDATED AND APPROVED BY THE AUDIT AND RISK COMMITTEE IN MAY 2019. FORM 990, PART VI, SECTION B, LINE 15B DETERMINATION OF COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES THE PRESIDENT AND CHIEF EXECUTIVE OFFICER REVIEWS THE COMPENSATION FOR OFFICERS AND OTHER RESEARCH HEADS. HE PUTS FORTH SALARY INCREASE SUGGESTIONS AFTER EXAMINING PERFORMANCE, SALARY SURVEYS, AND BENCHMARK STUDIES. THE SALARY INCREASES FOR KEY EMPLOYEES WITHIN THE RESEARCH GROUP ARE SUGGESTED BY THE GLOBAL RESEARCH TALENT VICE PRESIDENT. BOTH SETS OF RECOMMENDATIONS ARE GIVEN TO THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE, WHICH ULTIMATELY DECIDES ON THE SALARY INCREASES EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS AND POLICIES THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON RAND'S EXTERNAL WEBSITE: WWW.RAND.ORG. MOREOVER, THIS INFORMATION, AS WELL AS RAND'S GOVERNING DOCUMENTS AND FORM 990, IS AVAILABLE UPON REQUEST AND AT THE SANTA MONICA OFFICE. FURTHER, THIS INFORMATION HAS BEEN SUBMITTED TO SEVERAL STATES AND GOVERNMENT AGENCIES AS PART OF VARIOUS REGISTRATION PROCESSES AND IS AVAILABLE ON THOSE ORGANIZATIONS' WEBSITES. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS $ 6,047,503 OTHER COMPONENTS OF NET PERIODIC POST RETIREMENT BENEFIT COSTS $ 2,151,092 ADJUSTMENT TO ACCRUED POSTRETIREMENT BENEFIT $ (2,574,451) FOREIGN EXCHANGE GAIN ON REVALUATION $ 321,720 MISC TO TIE $ 2,273 ------------- TOTAL $ 5,948,137 GOSHEN AVENUE HOUSING LLC 1776 MAIN STREET PO BOX 2138 SANTA MONICA CA 90407 852900416 TITLE HOLDING CA 10495499 11063953 RAND CORP RAND EUROPE (UK) WESTBROOK CENTRE MILTON ROAD CAMBRIDGE UK CB4 1YG POLICY RSRCH UK N/A N/A RAND CORP true RAND EUROPE (EU) AISBL RUE DE LOI 82 BRUSSELS BE 1040 POLICY RSRCH BE N/A N/A RAND CORP true RAND EUROPE COMMUNITY INTEREST COMPANY WESTBROOK CENTRE MILTON ROAD CAMBRIDGE UK CONSULTANCY SVCS UK RAND CORP C Corp 13221634 5816710 1.00000 true THE RAND CORPORATION (AUSTRALIA) PTY LTD STE 24 2 ENDEAVOUR HSE CPT COOK CRT MANUKA AS ACT 2603 POLICY RESEARCH AS RAND CORP C Corp 1949316 629981 1.00000 true false false false false false false false false false false false false false false false false false true true THE RAND CORPORATION (AUSTRALIA) PTY LTD R 152559 ACCRUAL METHOD THE RAND CORPORATION (AUSTRALIA) PTY LTD S 984628 ACCRUAL METHOD SCHEDULE R, PART IV, ROWS 1 & 2 END-OF-YEAR ASSETS OF RELATED ORGANIZATIONS THE END-OF-YEAR ASSET BALANCES FOR BOTH ENTITIES ARE EXCLUSIVE OF INTERCOMPANY PAYABLES. IF INTERCOMPANY PAYABLES WERE INCLUDED, THE ASSET BALANCES WOULD BE AS FOLLOWS: RAND EUROPE COMMUNITY INTEREST COMPANY $ 1,055,697 THE RAND CORPORATION (AUSTRALIA) PTY LTD $ (5,233,505)