2021-11-15T13:29:45-06:00 2021-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-07-01 131628168 COUNCIL ON FOREIGN RELATIONS INC COUN 2124349400 58 EAST 68TH STREET NEW YORK NY 10065 KEITH C OLSON EXEC. VP & CFO & TREASURER 2124349400 2021-09-30 1 KEITH OLSON XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z RICHARD HAASS 58 EAST 68TH STREET NEW YORK NY 10065 220021500 0 X WWW.CFR.ORG X 1921 NY CFR IS AN INDEPENDENT, NON-PARTISAN FOREIGN POLICY MEMBERSHIP ORGANIZATION. (SEE SCHED O). 35 34 380 0 1276174 0 42409775 36549230 17465425 18477870 21570100 50720100 560400 -430200 82005700 105317000 0 1270776 0 0 47086300 46531000 0 0 3854800 29815400 24069324 76901700 71871100 5104000 33445900 624235700 732861700 81637100 76478900 542598600 656382800 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 22565700 1270776 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. 9772700 0 9298200 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, VARIOUS APPS AND SOCIAL MEDIA FEEDS, AN EVENT BUSINESS, AND MORE. FOREIGN AFFAIRS IS PUBLISHED BY THE COUNCIL ON FOREIGN RELATIONS (CFR). 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. ITS ARTICLES WILL NOT REPRESENT ANY CONSENSUS OF BELIEFS. (CONTINUED ON SCHEDULE O) WHAT IS DEMANDED OF THEM IS THAT THEY SHALL BE COMPETENT AND WELL INFORMED, REPRESENTING HONEST OPINIONS SERIOUSLY HELD AND CONVINCINGLY EXPRESSED. 2341500 0 0 THE MEETINGS PROGRAM PROVIDES MEMBERS WITH IN-PERSON ACCESS IN NEW YORK AND WASHINGTON, DC, TO WORLD LEADERS, SENIOR GOVERNMENT OFFICIALS, MEMBERS OF CONGRESS, AND PROMINENT THINKERS AND PRACTITIONERS IN ACADEMIA, POLICY, AND BUSINESS, MANY OF WHOM ARE MEMBERS THEMSELVES. CONVENING NEARLY ONE THOUSAND EVENTS ANNUALLY, CFR IS DEDICATED TO FACILITATING AN INTELLECTUAL EXCHANGE OF IDEAS THROUGH EXPERT PANEL DISCUSSIONS, SYMPOSIA, TOWN HALLS, LIVESTREAMS, AND CEO FORUMS EXCLUSIVELY FOR MEMBERS. 13573800 0 0 ALL OTHER PROGRAMMATIC ACTIVITIES WEBSITECFR'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. FOREIGNAFFAIRS.COM IS THE WEBSITE OF CFR'S FLAGSHIP MAGAZINE, AND OFFERS ACCESS TO A DEEP ARCHIVE OF ARTICLES AND RELATED RESOURCES MONTHLY. 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 LAUNCHED THE INDEPENDENT TASK FORCE PROGRAM IN 1995 WITH A TASK FORCE ON NUCLEAR NONPROLIFERATION, CHAIRED BY STEPHEN J. HADLEY, WHO MOST RECENTLY SERVED AS THE NATIONAL SECURITY ADVISER IN THE GEORGE W. BUSH ADMINISTRATION. MORE THAN SEVENTY REPORTS LATER, TASK FORCES HAVE BECOME A TRADEMARK OF THE COUNCIL. THE COUNCILSPONSORS AN INDEPENDENT TASK FORCE WHEN AN ISSUE OF CURRENT AND CRITICAL IMPORTANCE TO U.S. FOREIGN POLICY ARISES, AND IT SEEMS THAT A GROUP DIVERSE IN BACKGROUNDS AND PERSPECTIVES MAY NONETHELESS BE ABLE TO REACH A MEANINGFUL CONSENSUS ON A POLICY THROUGH PRIVATE AND NONPARTISAN DELIBERATIONS. CFR EDUCATION PROGRAM PROVIDES A FORUM FOR THE EDUCATIONAL COMMUNITY TO INTERACT WITH CFR EXPERTS AND JOIN THE DEBATE ON FOREIGN POLICY. ACTIVITIES INCLUDE THE ACADEMIC WEBINAR SERIES FOR STUDENTS; HIGHER EDUCATION WEBINAR SERIES; COLLEGE AND UNIVERSITY EDUCATORS WORKSHOPS;BRIEFINGS FOR STUDENTS; EXHIBITIONS AND EVENTS AT CONFERENCES ACROSS THE COUNTRY; LIVESTREAMING OF CFR MEETINGS; AND SHARING THE VAST ARRAY OF CFR RESOURCES AND PRODUCTS FOR TEACHING AND LEARNING ABOUT INTERNATIONAL RELATIONS AND THE ROLE OF THE UNITED STATES IN THE WORLD.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. 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:CFR DIGITAL - $5,524,100EDUCATION - $4,898,700OUTREACH - $1,471,000NATIONAL PROGRAM - $855,400TASK FORCE - $446,100TERM MEMBER PROGRAM - $351,700GLOBAL BOARD OF ADVISORS - $26,800 13573800 0 0 48253700 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 1 302 0 1 380 1 1 1 1 JA 0 0 0 1 1 0 0 0 0 1 0 X 35 34 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 35.00 0.00 X X 1764730 0 52658 DAVID M RUBENSTEIN CHAIRMAN 1.00 0.00 X X 0 0 0 JAMI MISCIK VICE CHAIRMAN 1.00 0.00 X X 0 0 0 BLAIR EFFRON VICE CHAIRMAN 1.00 0.00 X X 0 0 0 STEVEN A DENNING DIRECTOR (THRU 06/30/21) 1.00 0.00 X 0 0 0 LAURENCE D FINK DIRECTOR 1.00 0.00 X 0 0 0 EDUARDO J PADRON DIRECTOR (THRU 06/30/21) 1.00 0.00 X 0 0 0 JOHN PAULSON DIRECTOR (THRU 06/30/21) 1.00 0.00 X 0 0 0 MARGARET G WARNER DIRECTOR 1.00 0.00 X 0 0 0 DANIEL H YERGIN DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY F GEITHNER DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN J HADLEY DIRECTOR 1.00 0.00 X 0 0 0 JAMES MANYIKA DIRECTOR 1.00 0.00 X 0 0 0 RICHARD L PLEPLER DIRECTOR 1.00 0.00 X 0 0 0 TONY COLES DIRECTOR 1.00 0.00 X 0 0 0 DAVID M COTE DIRECTOR (THRU 06/30/21) 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 SYLIVIA MATHEWS BURWELL DIRECTOR 1.00 0.00 X 0 0 0 ASHTON B CARTER DIRECTOR 1.00 0.00 X 0 0 0 JAMES P GORMAN DIRECTOR 1.00 0.00 X 0 0 0 LAURENE POWELL JOBS DIRECTOR 1.00 0.00 X 0 0 0 FAREED ZAKARIA DIRECTOR 1.00 0.00 X 0 0 0 KENNETH I CHENAULT DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN C FREIDHEIM DIRECTOR 1.00 0.00 X 0 0 0 MARGARET PEGGY HAMBURG DIRECTOR 1.00 0.00 X 0 0 0 CHARLES PHILLIPS DIRECTOR 1.00 0.00 X 0 0 0 CECILIA ELENA ROUSE DIRECTOR (THRU 03/21) 1.00 0.00 X 0 0 0 FRANCES F TOWNSEND DIRECTOR 1.00 0.00 X 0 0 0 THAD ALLEN DIRECTOR 1.00 0.00 X 0 0 0 AFSANEH MASHAYEKHI BESCHLOSS DIRECTOR 1.00 0.00 X 0 0 0 JEH CHARLES JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 MEGHAN O' SULLIVAN DIRECTOR 1.00 0.00 X 0 0 0 L RAFAEL REIF DIRECTOR 1.00 0.00 X 0 0 0 NICHOLAS BEIM DIRECTOR (AS OF 07/01/20) 1.00 0.00 X 0 0 0 RUTH PORAT DIRECTOR (AS OF 07/01/20) 1.00 0.00 X 0 0 0 KEITH C OLSON EXEC. VP & CFO & TREASURER 35.00 0.00 X 493096 0 52658 JAMES M LINDSAY SR. VP & DIRECTOR OF STUDIES 35.00 0.00 X 444162 0 55396 SUZANNE E HELM VP, PHILANTHROPY & RELATIONS 35.00 0.00 X 377563 0 52720 JAN MOWDER HUGHES VP & CHIEF HR OFFICER 35.00 0.00 X 314104 0 52324 NANCY D BODURTHA VP, MEETINGS & MEMBERSHIP 35.00 0.00 X 299451 0 49181 CAROLINE N NETCHVOLODOFF VP, EDUCATION 35.00 0.00 X 291701 0 51470 IRINA FASKIANOS VP, NATIONAL PROGRAM & OUTREACH 35.00 0.00 X 295387 0 34364 SHANNON O'NEIL VP, DEPUTY DIR. OF STUDIES 35.00 0.00 X 265184 0 49822 JEFFREY A REINKE SECRETARY OF THE CORPORATION 35.00 0.00 X 252238 0 47279 LISA K SHIELDS VP, GLOB COMM & MEDIA RELATIONS 35.00 0.00 X 292155 0 32264 STEPHANIE SOLOMONAS OF 0120 VP, CHIEF REV OFF., FOREIGN AFFAIRS 35.00 0.00 X 255562 0 48394 GIOVANNA BAN CHIEF INVESTMENT OFFICER 35.00 0.00 X 509185 0 54782 MARTIN INDYK DISTINGUISHED FELLOW 35.00 0.00 X 300619 0 51632 MIRIAM HIGGINS GENERAL COUNSEL 35.00 0.00 X 319501 0 53562 GIDEON G ROSE EDITOR, FOREIGN AFFAIRS 35.00 0.00 X 316490 0 51095 RAQUEL L CHMIELEWSKI DIRECTOR, INVESTMENTS 35.00 0.00 X 300048 0 22330 7091176 0 811931 115 0 1 0 ROCKSTAR CODERS 125 S CLARK STREET 17TH FLOOR CHICAGO IL 60603 WEBSITE DEVELOPMENT 1418490 ALLIED UNIVERSAL PO BOX 828854 PHILADELPHIA PA 19182 SECURITY PERSONNEL 495401 PRESERV BUILDING RESTORATION 96 14TH STREET BROOKLYN NY 11215 CONTRACTING SERVICES 401741 TECHNICAL OPERATIONS 454 41ST ST NEW YORK NY 10036 AUDIO/VISUAL SVCS 346813 OSMOSIS FILMS LLC 15 EAST 62ND STREET NEW YORK NY 10065 FILM PRODUCTION 290321 14 5308006 31241224 865159 36549230 FOREIGN AFFAIRS PUBLIC 541800 9298200 8174581 1123619 INDIVIDUAL MEMBERSHIP 900099 8052200 8052200 CORPORATE MEMBERSHIP D 900099 1127470 1127470 18477870 9660500 4330 9656170 151300 600800 -449500 -449500 148225 -597725 155163300 114103700 41059600 41059600 41059600 MISCELLANEOUS 900099 19300 19300 19300 105317000 17354251 1276174 50137345 1270776 1270776 5306149 1852417 3079332 374400 31913351 24397783 5352968 2162600 2342400 1207400 1050400 84600 4642300 4517900 -408900 533300 2326800 1508600 712500 105700 68600 37900 28400 2300 223100 115100 100000 8000 3361200 3361200 3415224 2670124 682000 63100 2225400 641800 1537500 46100 3071800 2411100 559500 101200 1679600 1229200 362600 87800 74800 25100 42600 7100 91600 56800 30800 4000 1859600 972400 834900 52300 3917400 2128500 1648500 140400 PUBLICATION & PRINTING 3041800 2666100 351600 24100 MISCELLANEOUS 1039200 544700 436700 57800 71871100 48253700 19762600 3854800 8000 8000 52959000 61010500 37239600 27531400 2117200 1955900 0 0 0 0 0 0 121400 167200 1363100 1181200 123420800 60490500 66242100 62930300 184238400 231557300 279946900 346519900 0 0 0 0 0 0 624235700 732861700 8087800 8989700 0 0 6183300 6251100 50599100 48630000 0 0 0 0 0 0 0 0 16766900 12608100 81637100 76478900 X 113484900 142857100 429113700 513525700 542598600 656382800 624235700 732861700 X 33445900 76484500 3853800 X 0 1 X 1 0 X 63941200 66764100 72864369 42409775 36549230 282528674 63941200 66764100 72864369 42409775 36549230 282528674 58994981 223533693 4840700 6201271 7883760 6723700 9811800 35461231 269700 1301729 561139 152400 19300 2304268 320294173 69545480 0.69790 0.69930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 269,700. 2017 AMOUNT: $ 1,301,729. 2018 AMOUNT: $ 561,139. 2019 AMOUNT: $ 152,400. 2020 AMOUNT: $ 19,300. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 479956700 8758400 123788600 19632900 3361200 589509600 475831751 13712849 14557800 22165800 1979900 479956700 429270151 58911500 10195100 20584700 1960300 475831751 404968400 12492100 33401051 19415100 2176300 429270151 354033000 21381800 50155900 17813200 2789100 404968400 0.24430 0.41830 0.33740 0 0 7252000 7252000 46358300 14209537 32148763 45080400 24037683 21042717 24705000 22243280 2461720 25100 25100 62930300 GROWTH ORIENTED FUNDS 76131400 F DIVERSIFIERS 139679000 F PRIVATE EQUITY FUNDS 73663400 F PRIVATE HARD ASSETS 2704900 F DEFLATION HEDGES 54341200 F 346519900 INTEREST-RATE SWAP AGREEMENT 7659100 ACCRUED POSTRETIREMENT BENEFITS 4949000 12608100 X 182894900 76484500 3853800 80338300 102556600 3361200 -600800 2760400 105317000 69110700 0 69110700 3361200 -600800 2760400 71871100 PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE COUNCIL ON FOREIGN RELATIONS HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARD 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 EFFECT 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 3,259,800. PLEDGE WRITEOFFS -305,000. POST-RETIREMENT BENEFITS OTHER THAN NET PERIODIC COSTS 899,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RE-CLASS OF RENTAL EXPENSES TO OFFSET RENTAL INCOME -600,800. PART XII, LINE 4B - OTHER ADJUSTMENTS: RE-CLASS OF RENTAL EXPENSES TO OFFSET RENTAL INCOME -600,800. FORM 990, SCHEDULE D, PART V 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 306645197 0 0 0 0 0 0 306645197 0 306645197 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 12 487500 IAF FELLOWSHIP IN INTERNATIONAL ECONOMICS 1 180000 IAF FELLOWSHIP IN CANADA 3 110833 IAF FELLOWSHIP IN NATIONAL SECURITY 1 87500 IAF FELLOWSHIP FOR TENURED INT. RELATIONS SCHOLARS 2 43648 IAF FELLOWSHIP IN JAPAN 3 33795 STUDIES FELLOWSHIP ON SECURITY LAW 1 20000 EDWARD R. MURROW PRESS FELLOWSHIP 1 75000 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 STANTON NUCLEAR SECURITY FELLOWSHIP 4 215000 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 480268 0 374960 0 909502 0 22800 0 29858 0 1817388 0 0 0 GIOVANNA BAN CHIEF INVESTMENT OFFICER 437185 0 72000 0 0 0 22800 0 31982 0 563967 0 0 0 KEITH C OLSON EXEC. VP & CFO & TREASURER 398596 0 94500 0 0 0 22800 0 29858 0 545754 0 0 0 JAMES M LINDSAY SR. VP & DIRECTOR OF STUDIES 331962 0 97200 0 15000 0 22800 0 32596 0 499558 0 0 0 SUZANNE E HELM VP, PHILANTHROPY & RELATIONS 305563 0 72000 0 0 0 22800 0 29920 0 430283 0 0 0 MIRIAM HIGGINS GENERAL COUNSEL 274501 0 45000 0 0 0 22638 0 30924 0 373063 0 0 0 GIDEON G ROSE EDITOR, FOREIGN AFFAIRS 260190 0 56300 0 0 0 21417 0 29678 0 367585 0 0 0 JAN MOWDER HUGHES VP & CHIEF HR OFFICER 239104 0 75000 0 0 0 19938 0 32386 0 366428 0 0 0 MARTIN INDYK DISTINGUISHED FELLOW 278319 0 12000 0 10300 0 22400 0 29232 0 352251 0 0 0 NANCY D BODURTHA VP, MEETINGS & MEMBERSHIP 236951 0 62500 0 0 0 19556 0 29625 0 348632 0 0 0 CAROLINE N NETCHVOLODOFF VP, EDUCATION 229201 0 62500 0 0 0 19108 0 32362 0 343171 0 0 0 IRINA FASKIANOS VP, NATIONAL PROGRAM & OUTREACH 232887 0 62500 0 0 0 19108 0 15256 0 329751 0 0 0 LISA K SHIELDS VP, GLOB COMM & MEDIA RELATIONS 235855 0 56300 0 0 0 19108 0 13156 0 324419 0 0 0 RAQUEL L CHMIELEWSKI DIRECTOR, INVESTMENTS 264048 0 36000 0 0 0 21704 0 626 0 322378 0 0 0 SHANNON O'NEIL VP, DEPUTY DIR. OF STUDIES 230034 0 35000 0 150 0 19207 0 30615 0 315006 0 0 0 STEPHANIE SOLOMONAS OF 0120 VP, CHIEF REV OFF., FOREIGN AFFAIRS 230562 0 25000 0 0 0 19162 0 29232 0 303956 0 0 0 JEFFREY A REINKE SECRETARY OF THE CORPORATION 199638 0 52600 0 0 0 15785 0 31494 0 299517 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 BLDG 0 0 0 A 14050000 62680000 3297400 62680000 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 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. 199102 EMPLOYMENT 0 FORM 990, PART VII JANINE HILL IS AN EMPLOYEE OF THE COUNCIL ON FOREIGN RELATIONS AND RECEIVED W-2 COMPENSATION OF $199,102. MS. HILL IS THE SPOUSE OF A FORMER COUNCIL BOARD MEMBER. X 31 865159 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. IMPACT OF COVID-19 PANDEMIC ON THE ORGANIZATION THE COVID-19 PANDEMIC, THE EFFECTS OF WHICH FIRST BECAME KNOWN IN JANUARY 2020, IS HAVING A BROAD AND PROFOUND IMPACT ON COMMERCE AND FINANCIAL MARKETS AROUND THE WORLD. DESPITE THE OPERATING CHALLENGES THE PANDEMIC HAS PRESENTED, CFR REMAINS FOCUSED ON DELIVERING ON ITS CORE MISSION. IN EARLY MARCH 2020, THE PANDEMIC CAUSED CFR TO CLOSE BOTH ITS OFFICES, IN NEW YORK CITY AND DC, AND SHIFT ITS OPERATIONS AND EVENTS TO A REMOTE STATUS, WHICH HAS REMAINED IN EFFECT. WHILE CFR'S DONOR- AND MEMBER-BASED REVENUES HAVE NOT BEEN MATERIALLY IMPACTED, ITS OUTSIDE-EVENTS RENTAL AND FOREIGN AFFAIRS NEWSSTAND REVENUES HAVE EXPERIENCED SIGNIFICANT DECLINES. FORTUNATELY, THESE ARE CFR'S ONLY LOCATION-RELIANT REVENUE STREAMS, REPRESENTING APPROXIMATELY 2% OF TOTAL REVENUES. THE SHIFT TO A REMOTE-WORK AND MEETING ENVIRONMENT ALSO LOWERED SOME OPERATING EXPENSES AS BUSINESS TRAVEL HAS BEEN SUSPENDED, FACILITIES OPERATING COSTS REDUCED DUE TO PHYSICAL OFFICE CLOSURES, AND MEETING EXPENSES LESSENED WITH THE SHIFT TO VIRTUAL EVENTS. CFR CONTINUES TO CLOSELY MONITOR THE ONGOING IMPACTS OF THE PANDEMIC AND IS FOCUSED ON ENSURING A CAREFUL BALANCE BETWEEN DELIVERING ON ITS MISSION AND MAINTAINING A STRONG FINANCIAL POSITION. FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION (CONTINUED) CFR IS AN INDEPENDENT, NON-PARTISAN MEMBERSHIP ORGANIZATION, THINK TANK, & PUBLISHER DEDICATED TO UNDER-STANDING THE FOREIGN POLICY CHOICES FACING THE U.S. & OTHER COUNTRIES. 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 WEBSITES, CFR.ORG AND FOREIGNAFFAIRS.COM. FORM 990, PART VI, SECTION A, LINE 2 BOARD OF DIRECTORS MEMBERS, STEVEN DENNING AND BLAIR EFFRON, HAVE A BUSINESS RELATIONSHIP. PRESIDENT, RICHARD HAASS AND BOARD OF DIRECTOR MEMBER, BLAIR EFFRON HAVE A BUSINESS RELATIONSHIP. PRESIDENT, RICHARD HAASS AND BOARD OF DIRECTOR MEMBER, STEVEN FREIDHEIM HAVE A BUSINESS RELATIONSHIP. VICE CHAIRMAN, JAMI MISCIK AND BOARD OF DIRECTOR MEMBER, JAMES GORMAN HAVE A BUSINESS RELATIONSHIP. CHAIRMAN, DAVID RUBENSTEIN AND BOARD OF DIRECTOR MEMBER, DAN YERGIN 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. THE COUNCIL HAS 5,099 MEMBERS AND TERM MEMBERS, COMPRISED OF TOP GOVERNMENT OFFICIALS, RENOWNED SCHOLARS, BUSINESS EXECUTIVES, ACCLAIMED JOURNALISTS, PROMINENT LAWYERS, AND DISTINGUISHED NONPROFIT PROFESSIONALS. THE COUNCIL ALSO HAS A CORPORATE MEMBERSHIP PROGRAM THAT PROVIDES A UNIQUE FORUM FOR BUSINESS LEADERS TO INTERACT WITH NOTED THINKERS AND PRACTITIONERS IN GOVERNMENT, POLICY, ACADEMIA, AND BUSINESS THROUGH INVITATIONS TO EXCLUSIVE EVENTS, DIRECT ENGAGEMENT WITH CFR EXPERTS, AND VIRTUAL ACCESS TO OUR MEMBERS-ONLY WEBSITE. 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. 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 3,259,800. PLEDGE WRITEOFFS -305,000. POST-RETIREMENT BENEFITS OTHER THAN NET PERIODIC COSTS 899,000.