2013-12-18T09:27:30-06:00 2013-06-30 260794367 UHY ADVISORS MID-ATLANTIC MD INC 8601 ROBERT FULTON DRIVE SUITE 210 COLUMBIA MD 21046 990 2012-07-01 530218495 AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH AMER 2028625800 1150 17TH STREET NW WASHINGTON DC 200364670 DAVID GERSON 2028625800 2013-12-18 1 B JENNINE ANDERSON P00042998 4107205220 2012 2016-02-25 16:41:14Z ARTHUR C BROOKS 1150 17TH ST NW WASHINGTON DC 20036 70828122 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. 28 26 211 190 39465 34528 36460964 43305253 813206 936305 1557626 1539150 0 0 38831796 45780708 0 0 0 0 18106696 18895202 0 25000 3410090 14129157 12877736 32235853 31797938 6595943 13982770 154989249 199952163 4435862 22131731 150553387 177820432 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 7796197 ECONOMIC POLICY STUDIESAEI'S ECONOMIC POLICY STUDIES TEAM EXAMINES A RANGE OF SPECIFIC ECONOMIC ISSUES INCLUDING FISCAL POLICY AND TAXES, MONETARY POLICY, ENERGY AND THE ENVIRONMENT, INTERNATIONAL ECONOMY, FINANCIAL SERVICES, REGULATION, RETIREMENT AND SOCIAL SECURITY, AND HEALTH POLICY. THEIR RESEARCH EDUCATES THE PUBLIC ABOUT THE FUNCTIONING OF FREE ECONOMIES, HOW TO PRESERVE THEM, HOW TO SOLVE THE PROBLEMS THAT ARISE IN THEM, AND HOW TO CAPITALIZE ON THEIR STRENGTHS. AEI'S RESEARCH IS HIGHLY INFLUENTIAL AND WIDELY DISSEMINATED THROUGH CONGRESSIONAL TESTIMONIES, TELEVISION AND RADIO INTERVIEWS, JOURNAL ARTICLES, AND NUMEROUS ARTICLES, WHITE PAPERS, AND OP-EDS IN THE POPULAR PRESS. 6627220 FOREIGN AND DEFENSE POLICYAEI'S FOREIGN AND DEFENSE POLICY STUDIES SCHOLARS SEEK TO UNDERSTAND HOW AMERICAN INTERESTS AND POLITICAL AND ECONOMIC FREEDOM CAN BE PROTECTED AND ADVANCED AROUND THE WORLD. THE PROGRAM'S RESEARCH AREAS INCLUDE U.S. NATIONAL SECURITY AND DEFENSE, TERRORISM, INTERNATIONAL SOVEREIGNTY, AND U.S. POLICY IN THE MIDDLE EAST, ASIA, RUSSIA, AND NUMEROUS OTHER AREAS. THE INSTITUTE'S SCHOLARS FOCUS ON CURRENT POLICY ISSUES AS WELL AS THOSE FURTHER OVER THE HORIZON. IN THE PROCESS, THEY EDUCATE POLICYMAKERS, BUSINESS LEADERS, ACADEMICS, JOURNALISTS, STUDENTS, AND ALL INTERESTED CITIZENS ON OUR NATION'S MOST CRITICAL POLICY ISSUES. 7599853 SOCIAL AND POLITICAL STUDIESAEI'S SOCIAL AND POLITICAL STUDIES SCHOLARS EXPLORE A BROAD RANGE OF TOPICS INCLUDING K-12 AND HIGHER EDUCATION REFORM, CITIZENSHIP, ETHICS, JUDICIARY ISSUES, EXECUTIVE AND LEGISLATIVE POLITICS, POLLS AND ELECTIONS, FEDERALISM, POVERTY, CIVIL RIGHTS, CRIME, AND OTHER PUBLIC POLICY ISSUES. THE INSTITUTE'S SCHOLARS ARE THOUGHT LEADERS IN THEIR FIELDS AND CONVENE CONFERENCES, IN-PERSON AND ONLINE EVENTS, AND PUBLIC AND PRIVATE SEMINARS. IN ADDITION TO ITS MANY EVENTS AND SEMINARS, AEI PROMOTES ITS RESEARCH AND IDEAS THROUGH PRINT AND DIGITAL PUBLICATIONS, BLOG POSTS AND SOCIAL MEDIA, CONFERENCES, AND WORKING GROUPS. 3098915 843295 CONFERENCESAEI'S CONFERENCES PROVIDE A PUBLIC FORUM FOR OUR SCHOLARS AND SUPPORTERS, DISTINGUISHED POLICYMAKERS, FOREIGN DIGNITARIES, NOTED ACADEMICS, AND OTHER LEADERS TO DISCUSS PRESSING POLICY ISSUES AND TO INVOLVE THE PUBLIC IN AEI IDEAS AND RESEARCH. AEI HOSTS MORE THAN 400 EVENTS EVERY YEAR. FOR MOST OF OUR CONFERENCES, WE OFFER LIVE VIDEO STREAMING SO THAT AUDIENCES AROUND THE WORLD CAN PARTICIPATE IN THESE EVENTS. WE ALSO ARCHIVE THE EVENT VIDEOS ON OUR WEBSITE FOR AFTER-THE-FACT ACCESS.COMMUNICATIONSAEI'S COMMUNICATIONS EFFORT COMBINES AEI'S MARKETING, MEDIA, AND OUTREACH EFFORTS. WE LEVERAGE EACH OF THESE THREE PRACTICE AREAS TO ENSURE THAT OUR WORK IS WIDELY DISSEMINATED AMONG POLICYMAKERS, OPINION-LEADERS, BUSINESS LEADERS, STUDENTS, AND ALL INTERESTED CITIZENS, THROUGH PRINT, BROADCAST, ONLINE MEDIA, AND COALITION PARTNERSHIPS. WE STRIVE TO MAKE SURE THAT OUR CUTTING-EDGE SCHOLARSHIP IS ARTICULATED IN A VARIETY OF ENGAGING FORMATS TO A DIVERSE AUDIENCE. LAUNCHED IN 2002, THE NATIONAL RESEARCH INITIATIVE (NRI) ADVANCES AEI'S MISSION BY ENGAGING OUTSIDE ACADEMICS AND INDEPENDENT SCHOLARS ON PRESSING DOMESTIC POLICY ISSUES. 3098915 843295 25122185 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 259 0 1 211 1 1 1 1 CJ EI 0 0 0 1 1 0 0 0 0 X 28 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC NJ NY CA CT X HASSAN SULTAN 2028625857 1150 SEVENTEENTH STREET NW WASHINGTON DC 200364670 TULLY FRIEDMAN 2.00 X X 0 0 0 DANIEL D'ANIELLO 2.00 X X 0 0 0 ARTHUR BROOKS 55.00 X X 637500 0 79408 CLIFFORD ASNESS 1.00 X 0 0 0 GORDON BINDER 1.00 X 0 0 0 RICHARD CHENEY 1.00 X 0 0 0 RAVENEL CURRY III 1.00 X 0 0 0 JOHN FARACI 1.00 X 0 0 0 PETER COORS 1.00 X 0 0 0 CHRISTOPHER GALVIN 1.00 X 0 0 0 RAYMOND GILMARTIN 1.00 X 0 0 0 HARVEY GOLUB 1.00 X 0 0 0 ROBERT GREENHILL 1.00 X 0 0 0 FRANK HANNA 1.00 X 0 0 0 BRUCE KOVNER 1.00 X 0 0 0 MARC LIPSCHULTZ 1.00 X 0 0 0 JOHN LUKE JR 1.00 X 0 0 0 GEORGE PRIEST 1.00 X 0 0 0 PETER RICKETTS 1.00 X 0 0 0 KEVIN ROLLINS 1.00 X 0 0 0 MATTHEW ROSE 1.00 X 0 0 0 EDWARD RUST JR 1.00 X 0 0 0 GIDEON SEARLE 1.00 X 0 0 0 MEL SEMBLER 1.00 X 0 0 0 WILSON TAYLOR 1.00 X 0 0 0 WILLIAM WALTON 1.00 X 0 0 0 MARILYN WARE 1.00 X 0 0 0 HARLAN CROW 1.00 X 0 0 0 JASON BERTSCH 40.00 X 230000 0 30508 HENRY OLSEN 40.00 X 213500 0 28528 DAVID GERSON 55.00 X 420000 0 53308 DANIELLE PLETKA 40.00 X 230000 0 30508 ELIZABETH BOWEN 40.00 X 75000 0 11908 KARLYN BOWMAN 40.00 X 180000 0 25318 KEVIN HASSETT 40.00 X 226000 0 30028 GARY SCHMITT 40.00 X 171500 0 23468 JOHN BOLTON 40.00 X 177500 0 24546 CHARLES MURRAY 40.00 X 178500 0 28237 THOMAS DONNELLY 40.00 X 170500 0 23368 FREDERICK HESS 40.00 X 172000 0 24088 CHRISTOPHER DEMUTH 40.00 X 606075 0 0 3688075 0 413221 29 1 1 0 GAM CARPET CLEANING 8009 ALLOWAY LANE BELTSVILLE MD 20705 CLEANING & MAINTENANCE 291532 GILBANE 7901 SANDY SPRING STE 500 LAUREL MD 20707 CONTRACTOR 200955 DESIGN CUISINE 2659 S SHIRLINGTON RD ARLINGTON VA 22206 CATERING ANNUAL DINNER 196573 GRENZEBACH GLIER & ASSOCIATES INC 401 N MICHIGAN AVE STE 2800 CHICAGO IL 60611 CAMPAIGN FEASIBILITY STUDY 162510 HALL CAPITAL PARTNERS LLC 850 THIRD AVE 19TH FL NEW YORK NY 10022 INVESTMENT ADVISORS 133270 7 43305253 43305253 EDU SEM/CONFERENCE 900099 810643 810643 ROYALTIES SALE PUB 900099 93010 93010 RESEARCH PUB/MATERIALS 541800 32652 32652 936305 116202 116202 26470362 25047414 1422948 1422948 39465 1383483 45780708 843295 39465 1592695 2602316 964810 1370954 266552 12850103 9546668 2146257 1157178 892715 680905 135636 76174 1580406 1063643 376853 139910 969662 649724 233452 86486 26711 25961 750 100684 100684 25000 25000 145725 145725 1440594 1178968 220497 41129 1046282 647062 357041 42179 284337 144266 112901 27170 2378695 1639940 506599 232156 828647 599725 52348 176574 3531127 3260846 172846 97435 1221326 617045 516870 87411 85214 85214 PUBLICATIONS 822316 791701 12355 18260 SCHOLAR FEES 523157 523157 BUILDING MAINTENANCE 347533 9286 338247 SERVICE FEES 95389 64494 16142 14753 -1 2739945 -3660919 920973 31797938 25122185 3265663 3410090 8354383 4226581 18976690 15085701 7183 217857 91704 119805 408137 568034 50962015 9434943 3046811 41527072 69650569 69003735 54137866 68722629 315906 480749 154989249 199952163 2041511 2463391 17553752 2394351 2114588 4435862 22131731 X 16028318 98916954 50857002 59686510 83668067 19216968 150553387 177820432 154989249 199952163 X 13982770 14534275 -1250000 X 0 1 X 1 0 X 58988984 59729074 31138309 36460964 43305253 229622584 58988984 59729074 31138309 36460964 43305253 229622584 19617309 210005275 861930 1804552 1247392 1164717 209211 5287802 154529 60097 37656 28300 280582 235190968 3961999 0.89290 0.87140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 0 0 1 1 0.00 0 110450173 2517384 13002234 7207225 118762566 118041183 2425623 -3709155 6307478 110450173 112203123 2870885 9135064 6167889 118041183 111498698 1252837 1994786 2543198 112203123 88059350 22260834 6778708 5600194 111498698 0.55000 0.16000 0.29000 0 0 3648960 3648960 35933222 35933222 3856940 2868774 988166 7522893 6566169 956724 41527072 OFFIT HALL ABSOLUTE RTN FD OFFSHORE FEEDER 17761000 F VALUEACT CAPITAL PTRS II 11156018 F FARALLON FUNDS 566338 F ETON PARK OVERSEAS FUND LTD 4668799 F CAXTON SELECT LLC 841295 F GOLDEN TREE 1736162 F HIGHLINE CAPITAL INT. 2435462 F CONATUS CAPITAL OVERSEAS 2609935 F BRIGADE LEVERAGED CAPITAL SECURITIES 4970781 F AURELIUS 5558806 F CAPITAL INTERNATIONAL 6842106 F LUXOR CAPITAL 5367687 F CEVIAN CAPITAL 4208240 F 68722629 DEFERRED RENT 1611921 NONQUALIFIED EMPLOYEE BENEFIT PLANS 502667 2114588 X 59180127 14534275 115144 -1250000 13399419 45780708 0 45780708 31913082 115144 115144 31797938 0 31797938 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: AEI PURCHASED AN OFFICE BUILDING IN FISCAL YEAR 2013 THAT IS A CERTIFIED HISTORIC STRUCTURE. THE BUILDING IS INCLUDED IN PROPERTY AND EQUIPMENT ON AEI'S STATEMENT OF FINANCIAL POSITION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE LONG-TERM FINANCIAL SUPPORT FOR THE INSTITUTE'S GENERAL OPERATIONS OR FOR PARTICULAR RESEARCH AREAS; THEY OFTEN TAKE THE FORM OF NAMED CHAIRS FOR SCHOLARS WORKING IN PARTICULAR FIELDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE INCOME TAX POSITIONS TAKEN BY AEI FOR ANY YEAR OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT AEI CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT AEI HAS PROPERLY REPORTED UNRELATED BUSINESS INCOME THAT IS SUBJECT TO INCOME TAXES. AEI BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF AEI'S INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION. HOWEVER, FISCAL YEARS 2010 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE IRS AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ESTIMATE OF COLLECTIBILITY -1,250,000. X X X X X X 1 LISA WAGNER 102 N CROSS ST 6 WHEATON IL 60187 FUNDRAISING CONSULTANT 0 0 25000 -25000 25000 -25000 DC X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ARTHUR BROOKS 637500 0 0 0 0 0 76500 0 2908 0 716908 0 0 0 JASON BERTSCH 225000 0 5000 0 0 0 27600 0 2908 0 260508 0 0 0 HENRY OLSEN 213500 0 0 0 0 0 25620 0 2908 0 242028 0 0 0 DAVID GERSON 420000 0 0 0 0 0 50400 0 2908 0 473308 0 0 0 DANIELLE PLETKA 225000 0 5000 0 0 0 27600 0 2908 0 260508 0 0 0 KARLYN BOWMAN 175000 0 5000 0 0 0 22410 0 2908 0 205318 0 0 0 KEVIN HASSETT 214000 0 12000 0 0 0 27120 0 2908 0 256028 0 0 0 GARY SCHMITT 160500 0 11000 0 0 0 20580 0 2888 0 194968 0 0 0 JOHN BOLTON 177500 0 0 0 0 0 21300 0 3246 0 202046 0 0 0 CHARLES MURRAY 177500 0 1000 0 0 0 21420 0 6817 0 206737 0 0 0 THOMAS DONNELLY 159500 0 11000 0 0 0 20460 0 2908 0 193868 0 0 0 FREDERICK HESS 163000 0 9000 0 0 0 20640 0 3448 0 196088 0 0 0 CHRISTOPHER DEMUTH 0 0 0 0 606075 0 0 0 0 0 606075 0 606075 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 PAYMENT WAS MADE IN CALENDAR YEAR 2012 TO CHRISTOPHER DEMUTH FOR $606,075 UNDER A SUPPLEMENTAL NON-QUALIFIED RETIREMENT 457(F) PLAN. LYNNE CHENEY SPOUSE OF DIRECTOR 89805 EMPLOYEE COMPENSATION 0 X 15 1375688 FAIR VALUE X OFFICE SUPPLIES 1 21427 FAIR VALUE X FOOD ITEMS 1 3715 FAIR VALUE 0 0 1 THIRD PARTY USE: 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 11 THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE 990 AND 990T 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 EACH MARCH 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 THE INSTITUTE'S BYLAWS: THE COMPENSATION OF THE INSTITUTE'S PRESIDENT AND SECOND SENIOR OFFICER SHALL BE RECOMMENDED BY THE EXECUTIVE COMMITTEE AND REVIEWED AND REVISED AT INTERVALS THE COMMITTEE DEEMS APPROPRIATE. THE LEVEL OF AND ANY ADJUSTMENTS TO THE PRESIDENT AND SECOND SENIOR OFFICER'S COMPENSATION SHALL BE GUIDED BY THE FOLLOWING FACTORS: (A) THE INTRINSIC QUALITY OF THEIR 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 SECOND SENIOR OFFICER AND THEIR LONG-TERM COMMITMENT TO THE INSTITUTE; (G) THE PRESIDENT AND SECOND SENIOR OFFICER'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 AND SECOND SENIOR OFFICER'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 AND SECOND SENIOR OFFICER'S PERFORMANCE AND ANY REVISIONS IT HAS MADE TO THE THEIR COMPENSATION FOR APPROVAL BY THE FULL BOARD OF TRUSTEES. SECTION 2. THE COMPENSATION OF THE INSTITUTE'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 INSTITUTE'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 THE INSTITUTE'S EMPLOYEES AND SHALL PROVIDE TO THE EXECUTIVE COMMITTEE, AT LEAST EVERY TWO YEARS, A REPORT ON THE INSTITUTE'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 THE INSTITUTE'S WEBSITE. AEI'S ANNUAL REPORT, AUDITED FINANCIALS, AND 990 ARE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN ESTIMATE OF COLLECTIBILITY -1,250,000. AEI 1785 MASSACHUSETTS AVENUE PROPERTY OWNER LLC 1150 17TH STREET NW WASHINGTON DC 20036 REAL ESTATE DC 39582182 AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH