2025-03-11T16:26:20-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 131628168 COUNCIL ON FOREIGN RELATIONS INC COUN 2124349400 58 EAST 68TH STREET NEW YORK NY 10065 JENNIFER PEREZ CFO 2124349400 2025-03-11 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2025-03-06 01:10:19Z MICHAEL FROMAN 58 EAST 68TH STREET NEW YORK NY 10065 173497100 0 X WWW.CFR.ORG X 1921 NY CFR IS AN INDEPENDENT, NON-PARTISAN FOREIGN POLICY MEMBERSHIP ORGANIZATION. (SEE SCHED O). 36 35 901 0 -188033 0 63113857 48522049 21849543 23166251 20382400 6367600 1584800 1098400 106930600 79154300 1482882 1983150 0 0 53243733 57616900 0 0 5632300 28439785 34713850 83166400 94313900 23764200 -15159600 719707600 755521700 65178900 63364600 654528700 692157100 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 31812700 1983150 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. 13836700 0 12220500 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." 5198700 0 0 PRODUCT, DESIGN, AND ENGINEERING (PDE) DESIGNS, DEVELOPS, AND MAINTAINS PRODUCTS THAT SERVE THE COUNCIL'S MISSION TO IMPART A BETTER UNDERSTANDING OF THE WORLD AMONG ITS MEMBERS AND OTHER INTERESTED CITIZENS. WE COLLABORATE WITH DEPARTMENTS ACROSS THE COUNCIL TO SET AND EXECUTE THE DIGITAL VISION FOR CFR.ORG, AS WELL AS FOR A ROBUST PORTFOLIO OF MICROSITES AND MEMBER SERVICES. WE ARE COMMITTED TO USER-CENTRICITY IN OUR APPROACH, ITERATION IN OUR IMPLEMENTATION, AND STABILITY IN OUR SITES AND SERVICES. CFR.ORG CONTINUES TO BE A LEADING SOURCE OF TIMELY ANALYSIS ON CRITICAL FOREIGN POLICY ISSUES. THE WEBSITE'S MOST POPULAR PRODUCTS ARE CFR BACKGROUNDERS, WHICH PROVIDE AUTHORITATIVE, ACCESSIBLE, AND REGULARLY UPDATED PRIMERS ON HUNDREDS OF FOREIGN POLICY TOPICS. (CONTINUED ON SCHEDULE O) THE WEBSITE'S SECOND MOST POPULAR PRODUCT, THE COUNCIL'S GLOBAL CONFLICT TRACKER (GCT), IS AN INTERACTIVE DASHBOARD CREATED AND MAINTAINED BY THE CENTER FOR PREVENTIVE ACTION, WHICH TRACKS AND ANALYZES ARMED CONFLICTS AROUND THE WORLD IN REAL TIME. 17589700 0 10945751 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 LITERACY, THE 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:EDUCATION - $4,817,000MEETINGS PROGRAM - $4,490,000 MEMBERSHIP - $2,562,700 OUTREACH - $2,278,900NATIONAL PROGRAM - $2,053,000 TERM MEMBER PROGRAM - $770,300 TASK FORCE - $520,000 GLOBAL BOARD OF ADVISORS - $96,900 TOTAL REVENUE ASSOCIATED WITH OTHER PROGRAM SERVICE ACTIVITIES ARE AS FOLLOWS:MEMBERSHIP DUES (NON-CONTRIBUTION) - $16,630,000 17589700 0 10945751 68437800 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 0 0 1 0 0 0 0 0 0 0 0 1 323 0 1 901 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 36 35 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 JENNIFER PEREZ 2124349400 58 EAST 68TH STREET NEW YORK NY 10065 RICHARD N HAASS NON-VOTING PRESIDENT EMERITUS (07/2023-12/2023) 35.00 0.00 X X 1439693 0 64337 MICHAEL FROMAN PRESIDENT (AS OF 07/2023) 35.00 0.00 X X 522185 0 17093 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 (THRU 06/13/2024) 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 1.00 0.00 X 0 0 0 SYLIVIA MATHEWS BURWELL DIRECTOR 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 MICHELE FLOURNOY DIRECTOR (AS OF 06/13/2024) 1.00 0.00 X 0 0 0 JANE FRASER DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN C FREIDHEIM DIRECTOR 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 WILLIAM HURD DIRECTOR (AS OF 06/13/2024) 1.00 0.00 X 0 0 0 JEH CHARLES JOHNSON DIRECTOR (THRU 06/13/2024) 1.00 0.00 X 0 0 0 CHARLES R KAYE DIRECTOR (AS OF 06/13/2024) 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 JUSTIN MUZINICH DIRECTOR (AS OF 07/2023) 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 MARIKO SILVER DIRECTOR (AS OF 07/2023) 1.00 0.00 X 0 0 0 JAMES TAICLET DIRECTOR (AS OF 07/2023) 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 (THRU 06/13/2024) 1.00 0.00 X 0 0 0 FAREED ZAKARIA DIRECTOR 1.00 0.00 X 0 0 0 AMY ZEGART DIRECTOR (AS OF 07/2023) 1.00 0.00 X 0 0 0 KEITH C OLSON - EXEC VP CFO & TREASURER (THRU 03/2024) 35.00 0.00 X 543199 0 64719 JAMES M LINDSAY SR. VP & DIRECTOR OF STUDIES 35.00 0.00 X 491938 0 67407 SUZANNE E HELM VP, PHILANTHROPY & RELATION 35.00 0.00 X 413879 0 64655 JAN MOWDER HUGHES VP & CHIEF HR OFFICER 35.00 0.00 X 343817 0 63369 SHANNON O'NEIL VP, DEPUTY DIR. OF STUDIES 35.00 0.00 X 343151 0 69264 CAROLINE NETCHVOLODOFF VP, EDUCATION 35.00 0.00 X 326717 0 62713 STEPHANIE SOLOMON VP, CHIEF REV OFF., FOREIGN AFFAIRS 35.00 0.00 X 323970 0 63353 NANCY D BODURTHA VP, MEETINGS & MEMBERSHIP 35.00 0.00 X 325053 0 59755 IRINA FASKIANOS VP, NATIONAL PROGRAM & OUTREACH 35.00 0.00 X 313938 0 67214 IVA ZORIC VP, GLOB COM & MEDIA RELATIONS 35.00 0.00 X 345152 0 60583 JEFFREY A REINKE SECRETARY (THRU 06/2024) 35.00 0.00 X 336051 0 59583 JENNIFER PEREZ CFO AND TREASURER (AS OF 03/2024) 35.00 0.00 X 292974 0 23553 CHRISTOPHER TUTTLE SECRETARY (AS OF 06/2024) 35.00 0.00 X 270872 0 19026 STEVEN BENNETT AS OF 032024 EXEC. VP & CHIEF. ADMIN. OFFICER 35.00 0.00 X 0 0 0 MILLIE TRAN AS OF 052024 VP & CHIEF DIGITAL CONTENT OFFICER 35.00 0.00 X 0 0 0 GIOVANNA M BAN CHIEF INVESTMENT OFFICER 35.00 0.00 X 564654 0 67407 DANIEL A KURTZ-PHELAN EDITOR 35.00 0.00 X 397034 0 67976 MIRIAM S HIGGINS GENERAL COUNSEL 35.00 0.00 X 350714 0 66115 MARTIN INDYK DISTINGUISHED FELLOW 35.00 0.00 X 293622 0 62480 FRANK ALVAREZ - MANAGING DIR., FACILITY, EVENT, & SECURITY MGMT 35.00 0.00 X 298359 0 37101 8536972 0 1127703 149 0 1 0 APPNOVATION USA INC 600-190 ALEXANDER STREET VANCOUVER BC CA V6A1B5 WEBSITE DEVELOPMENT 1354786 KALON EVENT FOOD DESIGN 4121 28TH ST STE 4G LONG ISLAND CITY NY 11101 CATERING SERVICES 958656 SUNSTATES SECURITY PO BOX 896583 CHARLOTTE NC 282896547 SECURITY PERSONNEL 879976 CLARITY INNOVATIONS 160 NE 6TH AVE SUITE 300 PORTLAND OR 97232 CONSULTING SERVICES 372600 BEACON HILL STAFFING GROUP LLC PO BOX 846193 BOSTON MA 028846193 TEMPORARY STAFFING 344160 21 5003281 43518768 356928 48522049 FOREIGN AFFAIRS 541800 12220500 12220500 INDIVIDUAL MEMBERSHIP 900099 9904500 9904500 CORPORATE MEMBERSHIP 900099 1041251 1041251 23166251 4221000 -130752 4351752 1306800 699900 606900 606900 -57281 664181 95784800 93638200 2146600 2146600 2146600 7000 4700 2300 2300 INSURANCE SETTLEMENT 900099 85000 85000 REIMBURSEMENTS 900099 55000 55000 349200 349200 489200 79154300 23166251 -188033 7654033 1983150 1983150 7555626 5698426 1332103 525097 39020174 29428874 6879497 2711803 2640000 1407000 1137600 95400 6457400 5813000 644400 1943700 1698100 130500 115100 144600 81400 58300 4900 257400 257400 4964900 4964900 6504194 5046261 1083297 374636 2056200 1529600 462400 64200 3119700 2318600 715800 85300 2526000 1666700 740600 118700 1893700 1456200 244700 192800 3666800 2984300 334100 348400 1607800 840800 721800 45200 2537500 1454700 976600 106200 PUBLICATION & PRINTING 3474600 3433700 40900 MISCELLANEOUS 1591900 1297700 150800 143400 HONORARIUMS 368556 299289 53403 15864 94313900 68437800 20243800 5632300 84576600 72705200 31566500 31517500 2110200 3215400 220100 450600 1288900 1541500 125289800 68252100 58834200 57037700 44733800 62757900 496377300 526295900 719707600 755521700 9100300 9978400 7296900 7456200 44430000 42205000 4351700 3725000 65178900 63364600 X 142196600 148302900 512332100 543854200 654528700 692157100 719707600 755521700 X -15159600 52197400 590600 X 0 1 X 1 0 X 42409775 36549230 28637329 63113857 48522049 219232240 42409775 36549230 28637329 63113857 48522049 219232240 27099205 192133035 6723700 9811800 5384850 5179600 5527800 32627750 152400 19300 22050 72700 496200 762650 252622640 101319360 0.76060 0.69300 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 152,400. 2020 AMOUNT: $ 19,300. 2021 AMOUNT: $ 22,050. 2022 AMOUNT: $ 63,500. 2023 AMOUNT: $ 349,200. MERCHANDISE SALES - 2022 AMOUNT: $ 9,200. 2023 AMOUNT: $ 7,000. INSURANCE SETTLEMENT - 2023 AMOUNT: $ 85,000. REIMBURSEMENTS - 2023 AMOUNT: $ 55,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 564417300 10022300 52794200 22510200 4964900 599758700 544085500 10641200 40316100 27381400 3244100 564417300 589309500 5987300 -31463700 16536300 3211300 544085500 479956700 8758400 123588500 19632900 3361200 589309500 475831751 13712849 14557800 22165800 1979900 479956700 0.23140 0.31750 0.45110 0 0 7252000 7252000 46358500 16727300 29631200 46887000 28048900 18838100 24476600 23475900 1000700 315700 315700 57037700 DIVERSIFIERS 135372000 F LONG ONLY EQUITIES 133301900 F PRIVATE EQUITY & VENTURE CAPITAL 131964400 F GROWTH-ORIENTED HEDGE FUNDS 69852000 F DEFLATION HEDGES 54639400 F PRIVATE HARD ASSETS 1166200 F 526295900 ACCRUED POSTRETIREMENT BENEFITS 3725000 3725000 X 127677300 52197400 590600 52788000 74889300 4964900 -699900 4265000 79154300 90048900 0 90048900 4964900 -699900 4265000 94313900 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 733,000. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS 55,000. OTHER CHANGES IN NET ASSETS -197,400. PART XI, LINE 4B - OTHER ADJUSTMENTS: RE-CLASS OF RENTAL EXPENSES TO OFFSET RENTAL INCOME -699,900. PART XII, LINE 4B - OTHER ADJUSTMENTS: RE-CLASS OF RENTAL EXPENSES TO OFFSET RENTAL INCOME -699,900. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 361520204 0 0 0 0 0 0 361520204 0 361520204 1 0 1 1 1 0 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 835416 IAF FELLOWSHIP IN JAPAN 8 300300 IAF FELLOWSHIP IN NATIONAL SECURITY 6 231250 IAF FELLOWSHIP FOR TENURED INT. RELATIONS SCHOLARS 4 219809 EDWARD R. MURROW PRESS FELLOWSHIP 1 100000 IAF FELLOWSHIP IN INDONESIA 1 91875 STANTON NUCLEAR SECURITY FELLOWSHIP 2 84500 IAF FELLOWSHIP IN INDIA 2 82500 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 NON-VOTING PRESIDENT EMERITUS (07/2023-12/2023) 494530 0 500000 0 445163 0 25380 0 38957 0 1504030 0 0 0 GIOVANNA M BAN CHIEF INVESTMENT OFFICER 464273 0 100000 0 381 0 25400 0 42007 0 632061 0 0 0 KEITH C OLSON - EXEC VP CFO & TREASURER (THRU 03/2024) 425136 0 117500 0 563 0 25395 0 39324 0 607918 0 0 0 JAMES M LINDSAY SR. VP & DIRECTOR OF STUDIES 358103 0 132160 0 1675 0 25400 0 42007 0 559345 0 0 0 MICHAEL FROMAN PRESIDENT (AS OF 07/2023) 421393 0 0 0 100792 0 0 0 17093 0 539278 0 0 0 SUZANNE E HELM VP, PHILANTHROPY & RELATION 325655 0 85000 0 3224 0 25400 0 39255 0 478534 0 0 0 DANIEL A KURTZ-PHELAN EDITOR 311789 0 85000 0 245 0 25200 0 42776 0 465010 0 0 0 MIRIAM S HIGGINS GENERAL COUNSEL 290130 0 59000 0 1584 0 24108 0 42007 0 416829 0 0 0 SHANNON O'NEIL VP, DEPUTY DIR. OF STUDIES 282588 0 60000 0 563 0 24036 0 45228 0 412415 0 0 0 JAN MOWDER HUGHES VP & CHIEF HR OFFICER 252203 0 90000 0 1614 0 21362 0 42007 0 407186 0 0 0 IVA ZORIC VP, GLOB COM & MEDIA RELATIONS 262153 0 70000 0 12999 0 21626 0 38957 0 405735 0 0 0 JEFFREY A REINKE SECRETARY (THRU 06/2024) 222653 0 100000 0 13398 0 18626 0 40957 0 395634 0 0 0 CAROLINE NETCHVOLODOFF VP, EDUCATION 247603 0 77500 0 1614 0 20706 0 42007 0 389430 0 0 0 STEPHANIE SOLOMON VP, CHIEF REV OFF., FOREIGN AFFAIRS 255603 0 68000 0 367 0 21346 0 42007 0 387323 0 0 0 NANCY D BODURTHA VP, MEETINGS & MEMBERSHIP 250479 0 72960 0 1614 0 20798 0 38957 0 384808 0 0 0 IRINA FASKIANOS VP, NATIONAL PROGRAM & OUTREACH 242266 0 70620 0 1052 0 20706 0 46508 0 381152 0 0 0 MARTIN INDYK DISTINGUISHED FELLOW 275483 0 13100 0 5039 0 22754 0 39726 0 356102 0 0 0 FRANK ALVAREZ - MANAGING DIR., FACILITY, EVENT, & SECURITY MG 244283 0 53050 0 1026 0 20026 0 17075 0 335460 0 0 0 JENNIFER PEREZ CFO AND TREASURER (AS OF 03/2024) 245616 0 47000 0 358 0 20026 0 3527 0 316527 0 0 0 CHRISTOPHER TUTTLE SECRETARY (AS OF 06/2024) 237823 0 32500 0 549 0 19026 0 0 0 289898 0 0 0 PART I, LINE 1A IN ACCORDANCE WITH THEIR EMPLOYMENT CONTRACTS, THE COUNCIL PROVIDES THE PRESIDENT AND PRESIDENT EMERITUS, A HOUSING ALLOWANCE WHICH IS GROSSED UP AND INCLUDED IN THEIR TAXABLE WAGES. THE HOUSING ALLOWANCES ARE 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 EMERITUS' 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 20475000 62680000 3297400 62680000 2010 1 0 1 1 A 0 0 0 0 0.01720 0.01720 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. X 9 356928 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; 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; PUBLISHING FOREIGN AFFAIRS, THE PREEMINENT JOURNAL ON INTERNATIONAL AFFAIRS AND U.S. FOREIGN POLICY; SPONSORING INDEPENDENT TASK FORCES; AND, PROVIDING UP-TO-DATE INFORMATION AND ANALYSIS ABOUT WORLD EVENTS AND AMERICAN FOREIGN POLICY ON ITS WEBSITE, CFR.ORG. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER, JAMES TAICLET HAS A BUSINESS RELATIONSHIP WITH BOARD MEMBER, JEH JOHNSON. BOARD MEMBER, STEPHEN FRIEDMAN HAS A BUSINESS RELATIONSHIP WITH PRESIDENT EMERITUS, RICHARD HAASS. 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 5,300 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. SOME CORPORATE MEMBERS HAVE ASKED THAT THEIR CONTRIBUTIONS FUND THE EXPENSES OD FELLOWS THAT STUDY A PARTICULAR COUNTRY OR REGION. BECAUSE ALL FELLOWS ARE AFFORDED THE FULL MEASURE OF ACADEMIC FREEDOM AND AE IN NO WAY ENCUMBERED BY DONOR'S WISHES, THIS CONTRIBUTION DESIGNATION IS ALLOWABLE BY CFR POLICY. 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 JUNE OF 2024 FOR THE EXECUTIVES. 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 733,000. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS 55,000. OTHER CHANGES IN NET ASSETS -197,400.