2024-11-27T11:36:06-06:00 2024-06-30 464108152 BURNS AND COMPANY CPAS LLC 1101 SISKIYOU BLVD ASHLAND OR 97520 990 2023-07-01 943008370 INDEPENDENT INSTITUTE INDE 5106321366 100 SWAN WAY OAKLAND CA 94621 MARY LG THEROUX CHIEF EXECUTIVE OFFICER 5106321366 2024-11-25 1 1 CHARLIE J BURNS P01315873 5414823711 2024-11-25 X 2023 2024-10-15 13:58:12Z MARY LG THEROUX 100 SWAN WAY OAKLAND CA 94621 11148343 0 X WWW.INDEPENDENT.ORG X 1986 CA ADVANCE PEACEFUL, PROSPEROUS, & FREE SOCIETIES GROUNDED IN A COMMITMENT TO HUMAN WORTH & DIGNITY. 8 6 25 0 0 0 3822104 8421321 58978 59636 96993 564143 92732 -3880 4070807 9041220 0 0 0 0 2145278 2688972 0 0 567342 2890469 2639269 5035747 5328241 -964940 3712979 8201976 12658115 547469 838450 7654507 11819665 X 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 1863879 54779 DISSEMINATING IDEAS: INDEPENDENT DEPLOYS BEST-IN-CLASS TRANSMEDIA CAMPAIGNS TO CONNECT ITS RIGOROUS RESEARCH TO TARGETED AUDIENCES, ENCOURAGING THE APPLICATION OF THESE IDEAS INTO THE CULTURE AND COMMUNITY IN WINNING THE BATTLE OF IDEAS. THESE ACTIVITIES INCLUDE PUBLISHING THE WORK IN VARIOUS FORMATS (BOOK, JOURNAL ARTICLE, OR OTHER PUBLICATION), AND THEN AGGRESSIVELY MARKETING THE RESULTS TO POSITION THE FINDINGS ACROSS MAJOR OPINION AUDIENCES. INDEPENDENT ORGANIZES CONFERENCES AND MEDIA PROGRAMS, AND REPACKAGES THE FINDINGS TO COMMUNICATE TO DIFFERENT KINDS AND LEVELS OF AUDIENCES. WE UTILIZE ONLINE PLATFORMS AND SOCIAL MEDIA IN TARGETING AUDIENCES ON THOSE MATTERS THAT WILL DIRECTLY AFFECT THEM. THESE ACTIVITIES ATTRACT OVER 1 MILLION WEBSITE VISITORS, HALF A MILLION SOCIAL MEDIA FOLLOWERS, AND 5.5 BILLION MEDIA IMPRESSIONS PER YEAR. 1075124 755 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. 855948 0 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. 457505 222 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. 457505 222 4252456 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 69 0 25 1 0 0 0 0 0 0 0 0 0 0 X 8 6 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 AZ CO DE ID IN IA LA ME MO MT NE NV NM NY NC ND OH OR OK PA SD TX VT WA WY X X X THE ORGANIZATION 5106321366 100 SWAN WAY OAKLAND CA 94621 GRAHAM WALKER PRESIDENT 40.00 X X 262930 0 13719 JOHN HAGEL III JD DIRECTOR 2.00 X 0 0 0 SALLY HARRIS 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 BRAD DEVOS COO 40.00 X 0 0 0 PHILLIP MAGNESS DJT CHAIR 40.00 X 0 0 0 WILLIAMSON EVERS SENIOR FELLOW 40.00 X 190911 0 15608 IVAN ELAND SENIOR FELLOW 40.00 X 150503 0 14490 LAWRENCE J MCQUILLAN SENIOR FELLOW 40.00 X 131726 0 13759 JACOB TURNROSE DIRECTOR OF DEVELOPMENT 40.00 X 100835 0 14490 836905 0 72066 5 0 1 0 AWARENESS ANALYTICS PARTNERS LLC 427 LOGAN LODGE ROAD KILMARNOCK VA 22482 DATA ANALYTICS 243500 STEPHEN HALBROOK 3925 CHAIN BRDGE RD FAIRFAX CA 22030 HONORARIUM 174612 SPENCE MEDIA 525-K EAST MARKET ST 293 LEESBURG VA 20176 PUBLICITY 160200 STRIKE EXCHANGE LLC 29398 NETWORK PLACE CHICAGO IL 60673 ADVERTISING 138790 COLLECTIVE IMPACT NETWORK LLC 2030 VALLEJO STREET SAN FRANCISCO CA 94123 CONSULTING 107250 5 8421321 1515486 8421321 SUBSCRIPTIONS & ROYALTIES 513130 59636 59636 59636 288729 288729 2278338 2002924 275414 275414 275414 100319 104199 -3880 -3880 9041220 55756 0 564143 X 441755 329285 62467 50003 1937447 1531297 246893 159257 146629 120453 11225 14951 163141 129854 18245 15042 151760 25903 118015 7842 1484770 1410143 24126 50501 436890 348224 2519 86147 29228 18719 2529 7980 11025 9057 844 1124 179383 138268 8823 32292 14994 12317 1148 1529 79438 65257 6081 8100 18162 14920 1390 1852 DIRECT MAILINGS 159454 45192 20 114242 SUBSCRIPTIONS & MEMBERS 30176 25060 1582 3534 VOICE & DATA LINES 14916 12377 1089 1450 REPAIRS & MAINTENANCE 11693 9606 895 1192 17380 6524 552 10304 5328241 4252456 508443 567342 106664 592102 2081301 4312964 190000 955000 218576 29418 195826 180800 55953 56094 286015 212948 71297 73067 5187472 6102858 94887 355812 8201976 12658115 452500 475954 94969 362496 547469 838450 X 6491710 7607347 1162797 4212318 7654507 11819665 8201976 12658115 3712979 452179 0 X 0 1 X 1 0 X 3814476 4112328 4744383 4275426 8421321 25367934 3814476 4112328 4744383 4275426 8421321 25367934 5512015 19855919 195447 246489 199591 154858 288729 1085114 66998 76419 94271 58978 59636 356302 26809350 0.74060 0.71700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 936609 1250000 838511 3025120 924181 12428 936609 1075149 -98056 52912 924181 947650 178926 51427 1075149 931576 63891 47817 947650 0.36000 0.64000 0 0 124691 82519 42172 114509 96466 18043 46815 33963 12852 73067 ASC842 LEASE LIABILITY 362496 362496 X 10062515 452179 464917 917096 9145419 -104199 -104199 9041220 5897357 464917 104199 569116 5328241 0 5328241 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, 2024. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -104,199 PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 104,199 X X 0 0 0 0 0 0 0 0 0 GRAHAM WALKER PRESIDENT 201885 0 61045 0 0 0 0 0 13719 0 276649 0 0 0 WILLIAMSON EVERS SENIOR FELLOW 190911 0 0 0 0 0 0 0 15608 0 206519 0 0 0 IVAN ELAND SENIOR FELLOW 150503 0 0 0 0 0 0 0 14490 0 164993 0 0 0 LIGHTNING VENTURES LP COMMON CONTROL 74025 RENTS PAID 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: LIGHTNING VENTURES, LP(D) DESCRIPTION OF TRANSACTION: PAYMENTS ON BUILDING LEASE HELD BY RELATED PARTY X 10 1515486 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 MARY L.G. THEROUX IS THE SOLE MEMBER. 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 AT 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 7,481. MANAGEMENT AND GENERAL EXPENSES 697. FUNDRAISING EXPENSES 929. TOTAL EXPENSES 9,107. HONORARIA: PROGRAM SERVICE EXPENSES 361,995. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 361,995. BOOK PREP: PROGRAM SERVICE EXPENSES 78,402. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 78,402. CONSULTING & OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 962,265. MANAGEMENT AND GENERAL EXPENSES 23,429. FUNDRAISING EXPENSES 49,572. TOTAL EXPENSES 1,035,266. 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