Cato Institute
- Assets
- $116.8m
- Revenue
- $45.9m
- Investments
- $0.0
- Employees
- 283
- Location
- Washington, DC
- Founding
- 03/1975
- Data as of
- 03/2022
- EIN
- 23-7432162
Organization Overview
Cato Institute is located in Washington, DC. The organization was established in 1975. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 03/2022, Cato Institute employed 283 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cato Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Cato Institute generated $45.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $31.3m during the year ending 03/2022. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cato Institute has awarded 17 individual grants totaling $1,075,880. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY & RESEARCH - OUR VISION IS TO CREATE FREE, OPEN, AND CIVIL SOCIETIES FOUNDED ON LIBERTARIAN PRINCIPLES. TO THAT END, OUR SCHOLARS AND ANALYSTS CONDUCT AND PUBLISH INDEPENDENT, NONPARTISAN RESEARCH ON A WIDE RANGE OF POLICY ISSUES ACROSS MORE THAN 14 RESEARCH AREAS, INCLUDING LAW AND CIVIL LIBERTIES, TAX AND BUDGET POLICY, REGULATORY STUDIES, HEALTH CARE AND WELFARE, EDUCATION, FINANCE, BANKING AND MONETARY POLICY, FOREIGN POLICY AND NATIONAL SECURITY, TRADE POLICY, AND INTERNATIONAL DEVELOPMENT.
EDUCATIONAL PROGRAM - CATO HOSTS PUBLIC EVENTS AND CONFERENCES IN ORDER TO ENGAGE DIVERSE AUDIENCES ON OUR RESEARCH AND POLICY PRESCRIPTIONS, AND ALSO PROACTIVELY INVESTS IN THE NEXT GENERATION THROUGH ITS STUDENT PROGRAMS. THESE INCLUDE OUR CATO INTERNSHIP PROGRAM AND JOHN RUSSELL PASLAQUA INTERN SEMINAR SERIES, OUR WEEKEND LIBERTY SEMINARS FOR STUDENTS, AND OUR STUDENT BRIEFING PROGRAM, WHICH TEACHES HIGH SCHOOL AND COLLEGE STUDENTS FROM AROUND THE COUNTRY ABOUT AMERICA'S FOUNDING PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT AND FREE ENTERPRISE.
COMMUNICATIONS & EXTERNAL AFFAIRS - CATO SCHOLARS ENGAGE AND EDUCATE BROAD AUDIENCES ON OUR POLICY PRESCRIPTIONS BY DISSEMINATION OF OUR RESEARCH THROUGH SPEAKING ENGAGEMENTS, BRIEFINGS, OP-EDS AND BLOGS, PODCASTS, TELEVISION AND RADIO APPEARANCES, AND OUR WEBSITES, WHICH RECEIVE OVER 16 MILLION VISITS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Goettler President & CEO | OfficerTrustee | 40 | $515,648 |
David Boaz Executive VP | Officer | 40 | $319,856 |
Stephen Kurtz Vp, Chief Digital Officer | 40 | $306,182 | |
Lesley Albanese Sr Vp, Initiatives | 40 | $245,103 | |
George Selgin Sr Fellow, Director Emeritus | 40 | $227,116 | |
Marissa Delgado Secretary, Vp, Finance & CFO | Officer | 40 | $217,339 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kristi Kendall Co Inc Av Services | 3/30/22 | $107,500 |
Community Counselling Services Co Fundraising | 3/30/22 | $474,000 |
Professional Maintenance Corp Janitorial Services | 3/30/22 | $125,704 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,266,356 |
| Noncash contributions included in lines 1a–1f | $2,253,912 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,266,356 |
| Total Program Service Revenue | $253,090 |
| Investment income | $967,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $115,558 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,681 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,929,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $327,000 |
| Grants and other assistance to domestic individuals. | $547,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $211,508 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,188,016 |
| Compensation of current officers, directors, key employees. | $399,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,361,060 |
| Pension plan accruals and contributions | $771,087 |
| Other employee benefits | $1,373,160 |
| Payroll taxes | $1,125,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175,269 |
| Fees for services: Accounting | $77,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $474,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $761,461 |
| Advertising and promotion | $290,533 |
| Office expenses | $2,502,901 |
| Information technology | $1,095,910 |
| Royalties | $0 |
| Occupancy | $1,228,291 |
| Travel | $735,187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,431,099 |
| Interest | $3,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,289,654 |
| Insurance | $100,242 |
| All other expenses | $0 |
| Total functional expenses | $31,337,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,501,191 |
| Savings and temporary cash investments | $40,142,541 |
| Pledges and grants receivable | $2,584,077 |
| Accounts receivable, net | $11,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $254,069 |
| Prepaid expenses and deferred charges | $494,443 |
| Net Land, buildings, and equipment | $29,548,093 |
| Investments—publicly traded securities | $40,995,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,312,791 |
| Total assets | $116,844,158 |
| Accounts payable and accrued expenses | $1,950,640 |
| Grants payable | $0 |
| Deferred revenue | $550,741 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $182,427 |
| Total liabilities | $2,683,808 |
| Net assets without donor restrictions | $103,347,362 |
| Net assets with donor restrictions | $10,812,988 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $116,844,158 |
Grants Awarded
Over the last fiscal year, Cato Institute has awarded $320,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: General Support | $250,000 |
Brooklyn, NY PURPOSE: General Support | $30,000 |
Washington, DC PURPOSE: COLLABORATION ON SPHERE EVENT | $25,000 |
Arlington, VA PURPOSE: General Support | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Cato Institute has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Offerdahl Family Foundation Incline Village, NV PURPOSE: WORKS TO INCREASE THE UNDERSTANDING OF PUBLIC POLICIES BASED ON THE PRINCIPLES OF LIMITED GOVERNMENT, FREE MARKETS, INDIVIDUAL LIBERTY, AND PEACE. | $60,000 |
The Rogers Foundation Inc Morristown, TN PURPOSE: DONATION | $5,000 |
Clover Foundation Inc Bogart, GA PURPOSE: GENERAL FUNDS | $2,400 |
A S And Elsie Hirshman Charitable Foundation Ui 091796 Boston, MA PURPOSE: GEN. CHARITABLE | $2,000 |
Quentin J Kennedy Foundation Tenafly, NJ PURPOSE: CHARITABLECHARITABLE | $2,000 |
Liddy Fam Foundation Tr Westport, CT PURPOSE: UNRESTRICTEDGRANT | $1,500 |
Endowment Analysis
| Beg. Balance | $3,252,347 |
| Earnings | $31,036 |
| Other Expense | $42,344 |
| Ending Balance | $3,241,039 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Motor Vehicle Administrators Arlington, VA | $113,853,156 | $49,031,814 |
Metropolitan Washington Council Of Governments Washington, DC | $68,812,642 | $44,555,929 |
North Fund Washington, DC | $43,517,343 | $42,926,545 |
Cato Institute Washington, DC | $116,844,158 | $45,929,682 |
National Committee To Preserve Social Security And Medicare Washington, DC | $5,447,556 | $14,990,578 |
Reston Association Reston, VA | $43,721,869 | $19,863,227 |
Center Forward Mc Lean, VA | $3,661,131 | $18,823,440 |
Common Cause Education Fund Washington, DC | $24,182,815 | $19,591,561 |
Union Station Redevelopment Corp Washington, DC | $149,911,473 | $10,837,768 |
Club For Growth Washington, DC | $13,409,815 | $18,704,644 |
American Legislative Exchange Council Arlington, VA | $8,013,515 | $9,832,106 |
The Project On Government Oversight Inc Washington, DC | $10,347,584 | $8,659,768 |