2024-05-15T14:25:14-05:00 2023-06-30 464108152 BURNS AND COMPANY CPAS LLC 1101 SISKIYOU BLVD ASHLAND OR 97520 990 2022-07-01 943008370 INDEPENDENT INSTITUTE INDE 5106321366 100 SWAN WAY OAKLAND CA 94621 MARY LG THEROUX CHIEF EXECUTIVE OFFICER 5106321366 2024-05-15 1 MARY LG THEROUX 999009999 1 CHARLIE J BURNS P01315873 5414823711 2024-05-15 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARY LG THEROUX 100 SWAN WAY OAKLAND CA 94621 6920974 0 X WWW.INDEPENDENT.ORG X 1986 CA ADVANCE PEACEFUL, PROSPEROUS, & FREE SOCIETIES GROUNDED IN A COMMITMENT TO HUMAN WORTH & DIGNITY. 11 9 26 0 0 0 4744383 3822104 94271 58978 480094 96993 130392 92732 5449140 4070807 0 0 0 0 2159998 2145278 0 0 469816 2725558 2890469 4885556 5035747 563584 -964940 9064012 8201976 701106 547469 8362906 7654507 ESTABLISHED IN THE ENTREPRENEURIAL SPIRIT OF ITS HOME IN SILICON VALLEY, THE NON-PROFIT, NON-PARTISAN INDEPENDENT INSTITUTE EMPLOYS INNOVATIVE THINKING TO BOLDLY ADVANCE PEACEFUL, PROSPEROUS, AND FREE SOCIETIES GROUNDED IN A COMMITMENT TO HUMAN WORTH AND DIGNITY. 0 0 1286854 1080 SPARKING ENTREPRENEURSHIP & INNOVATION: INDEPENDENT REVERSES GOVERNMENT GROWTH BY SPOTLIGHTING WRONGDOING AND OFFERING PRACTICAL, TECH-FORWARD SOLUTIONS GROUNDED IN NATURAL LAW. WE GENERATE SOLUTIONS IN BUSINESS, HOUSING, HEALTHCARE, ENTITLEMENTS, THE ENVIRONMENT, AND GLOBAL PROSPERITY. OUR CALIFORNIA GOLDEN FLEECE AWARDS, AWARD-WINNING BOOKS, STUDIES, SPANISH WEBSITE, AND MULTI-MEDIA CAMPAIGNS SHARE OUR SOLUTIONS WITH CIVIC LEADERS, THE MEDIA, AND THE PUBLIC. OUR WORK HAS BEEN INTRODUCED IN NATIONAL LEGISLATION, CONTRIBUTED TO THE ELIMINATION OF THE INDIVIDUAL HEALTHCARE MANDATE, MOTIVATED REFORM IN THE CALIFORNIA DEPARTMENT OF WATER RESOURCES AND DEPARTMENT OF FORESTRY AND FIREPREVENTION, AND HAS BEEN SIGNED INTO LAW IN CALIFORNIA. 335679 150530 DEFENDING CIVIL LIBERTIES: INDEPENDENT REMINDS THE PUBLIC, MEDIA, AND CIVIC LEADERS ABOUT CONSTITUTIONAL LIMITS ON GOVERNMENT AND THE CIVIL LIBERTIES THOSE LIMITS PROTECT. OUR PRINCIPLED, PEER-REVIEWED RESEARCH CRITICALLY REVIEWS POLICIES AND APPROACHES TO TORT LIABILITY, CRIMINALJUSTICE, CONSTITUTIONAL LAW, PROPERTY RIGHTS, CIVIL LIBERTIES, FOREIGN POLICY, AND HUMAN MORALITY TO PRESERVE AND EXPAND INDIVIDUAL LIBERTY.OUR RESEARCH AND SOLUTIONS ARE DISSEMINATED THROUGH AWARD-WINNING BOOKS, STUDIES, EVENTS, REGIONAL AND NATIONAL MULTI-MEDIA CAMPAIGNS, AND HAVE INSPIRED LEGISLATIVE TESTIMONY BEFORE A U.S. HOUSE COMMITTEE, SENATE JUDICIARY COMMITTEE, AND HAVE BEEN CITED MULTIPLE TIMES BY THEU.S. SUPREME COURT. 1329786 100 EDUCATING THE NEXT GENERATION: INDEPENDENT ENGAGES AND INSPIRES YOUNG PEOPLE AND PARENTS WITH THE PRINCIPLES OF LIBERTY, AND EMPOWERS PARENTS TO SELECT THE BEST EDUCATION FOR THEIR CHILDREN. OUR SATIRICAL YOUTUBE SERIES, LOVE GOV, APPLIES FREE-MARKET THINKING TO HOUSING, EMPLOYMENT, HEALTHCARE, EDUCATION, AND PRIVACY, AND HAS ACHIEVED WELL OVER 7.4 MILLION VIEWS PRIMARILY FROM MILLENNIALS. THIS YEAR, WE LAUNCH LOVE GOV SEASON TWO WITH A COMPLEMENTARY WEBSITE AND SOCIAL MEDIA PORTFOLIO. OUR INTERNSHIPS AND YOUTH-FOCUSED EVENTS OFFER HANDS-ON LEARNING, AND OUR EFFORTS TO BUILD AWARENESS FOR SCHOOL CHOICE, AFFORDABLE PRIVATE SCHOOLMODELS, AND HIGHER EDUCATION REFORMS ARE EXPANDING EDUCATIONAL OPPORTUNITY FOR ALL. 1228257 1228257 4180576 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 51 0 26 1 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AL AK AR CT FL GA HI IL KS KY MD MA MI MN MS NH NJ RI SC TN UT VA WV WI X X X THE ORGANIZATION 5106321366 100 SWAN WAY OAKLAND CA 94621 JOHN HAGEL III JD DIRECTOR 2.00 X 0 0 0 SALLY HARRIS DIRECTOR 2.00 X 0 0 0 GARY SCHLARBAUM PHD CFA DIRECTOR 2.00 X 0 0 0 SUSAN SOLINSKY DIRECTOR 2.00 X 0 0 0 DAVID TEECE PHD DIRECTOR 2.00 X 0 0 0 MARY THEROUX CHAIRMAN & CEO 40.00 X X 0 0 0 SARAH O'DOWD DIRECTOR 2.00 X 0 0 0 MICHAEL CASSLING DIRECTOR 2.00 X 0 0 0 GRAHAM WALKER PRESIDENT 40.00 X 214836 0 0 WILLIAMSON EVERS SENIOR FELLOW 40.00 X 182556 0 0 IVAN ELAND SENIOR FELLOW 40.00 X 134652 0 0 LAWRENCE J MCQUILLAN SENIOR FELLOW 40.00 X 126024 0 0 658068 0 0 4 0 1 0 STEPHEN HALBROOK 3925 CHAIN BRDGE RD FAIRFAX CA 22030 HONORARIUM 375000 COIT WILSON LLC PO BOX 99 WALPOLE NH 03608 CONSULTING 300000 STRIKE EXCHANGE LLC 29398 NETWORK PLACE CHICAGO IL 60673 ADVERTISING 261210 SPENCE MEDIA 525-K EAST MARKET ST 293 LEESBURG VA 20176 PUBLICITY 160200 4 3822104 433446 3822104 SUBSCRIPTIONS & ROYALTIES 513130 58978 58978 58978 154858 154858 2582349 2640214 -57865 -57865 -57865 302685 209953 92732 92732 4070807 151710 0 96993 X 658068 473809 85549 98710 1233278 946714 178730 107834 119030 90059 13426 15545 134902 97602 22888 14412 99617 52630 34534 12453 1554490 1432615 21235 100640 864114 806348 5055 52711 29802 19389 2521 7892 3631 3441 88 102 45868 34712 5165 5991 171114 138530 4849 27735 13779 10428 1551 1800 39409 29824 4437 5148 SUBSCRIPTIONS & MEMBERS 26211 20325 2065 3821 REPAIRS & MAINTENANCE 14134 10697 1591 1846 VOICE & DATA LINES 13075 10034 1408 1633 PROCESSING FEES 10953 3400 263 7290 4272 19 4253 5035747 4180576 385355 469816 257662 106664 1435205 2081301 186484 190000 84887 218576 133938 195826 21223 55953 267597 196300 81326 71297 6863287 5187472 94887 9064012 8201976 701106 452500 0 94969 701106 547469 X 5147840 6491710 3215066 1162797 8362906 7654507 9064012 8201976 X -964940 254790 1751 X 0 1 X 1 0 X 3590505 3814476 4112328 4744383 4275426 20537118 3590505 3814476 4112328 4744383 4275426 20537118 4789193 15747925 219305 195447 246489 199591 154858 1015690 114009 66998 76419 94271 58978 410675 21963483 0.71700 0.69520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 924181 12428 936609 1075149 -98056 52912 924181 947650 178926 51427 1075149 931576 63891 47817 947650 940650 36551 45625 931576 0 0 124691 73781 50910 96091 92617 3474 46815 29902 16913 71297 ASC842 LEASE LIABILITY 94969 94969 X 4988872 254790 453322 708112 4280760 -209953 -209953 4070807 5699022 453322 209953 663275 5035747 0 5035747 PART V, LINE 4: THE FUND SHALL BE USED FOR SUPPORT OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE INDEPENDENT INSTITUTE. PART X, LINE 2: THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -209,953 PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 209,953 X X 0 0 0 0 0 0 0 0 0 GRAHAM WALKER PRESIDENT 214836 0 0 0 0 0 0 0 0 0 214836 0 0 0 WILLIAMSON EVERS SENIOR FELLOW 182556 0 0 0 0 0 0 0 0 0 182556 0 0 0 LIGHTNING VENTURES LP COMMON CONTROL 45868 RENTS PAID 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: LIGHTNING VENTURES, LP(D) DESCRIPTION OF TRANSACTION: RENTS PAID TO RELATED PARTY X 3 433446 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 MARY L.G. THEROUX IS THE SOLE STOCKHOLDER. THERE ARE NO MEMBERS IN THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND BOARD FINANCE COMMITTEE AND IS OPEN TO DISCUSSION AND THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT THEY HAVE READ THE ORGANIZATION'S POLICY, THEY UNDERSTAND IT, AND AGREE TO COMPLY WITH IT. FORM 990, PART VI, SECTION B, LINE 15 USING SURVEY DATA FOR REGIONAL NON-PROFITS AND NATIONAL THINK TANKS, THE COMPENSATION COMMITTEE, COMPRISED OF INDEPENDENT BOARD MEMBERS, REVIEW AND APPROVE THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND PROVIDES CONTEMPORANEOUS SUBSTANTIATION OF THEIR DECISION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION WILL PROVIDE ITS FORM 1023 FOR PUBLIC INSPECTION UPON REQUEST AT ITS LOCAL OFFICE. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 4,469. MANAGEMENT AND GENERAL EXPENSES 665. FUNDRAISING EXPENSES 771. TOTAL EXPENSES 5,905. HONORARIA: PROGRAM SERVICE EXPENSES 223,550. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 223,550. BOOK PREP: PROGRAM SERVICE EXPENSES 72,995. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,995. CONSULTING & OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,131,601. MANAGEMENT AND GENERAL EXPENSES 20,570. FUNDRAISING EXPENSES 99,869. TOTAL EXPENSES 1,252,040. FORM 990, PART XI, LINE 9: RETAINED EARNINGS RECONCILIATION 1,751. DAVID J & MARY LG THEROUX FOUNDATION 100 SWAN WAY OAKLAND CA 94621 943180069 GRANT-MAKING CA 501 (C) (3) PF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0