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Heritage Foundation Organization Name provided in the GuideStar Exchange* as of 07/07/2014: Heritage Foundation

Organization Name as listed in the IRS Business Master File as of 10/17/2014: HERITAGE FOUNDATION

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AKA  THF
Washington, DC

GuideStar Summary

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2012, 2011, and 2010 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is available
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Basic Organization Information

Heritage Foundation Organization Name provided in the GuideStar Exchange* as of 07/07/2014: Heritage Foundation

Organization Name as listed in the IRS Business Master File as of 10/17/2014: HERITAGE FOUNDATION

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: THF
Physical Address: Washington, DC 20002 4958
EIN: 23-7327730
Web URL: www.heritage.org 
Blog URL: www.foundry.org/ 
NTEE Category: W Public, Society Benefit
W22 Public Finance, Taxation, Monetary Policy
W Public, Society Benefit
W24 Citizen Participation
W Public, Society Benefit
W99 Public, Society Benefit - Multipurpose and Other N.E.C.
Year Founded: 1973 
Ruling Year: 1973 


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Mission Statement

The Heritage Foundation is a research and educational institution whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.   As policy entrepreneurs, we believe the most effective solutions are consistent with the principles and ideas of the American Founding. Our vision is to build an America where freedom, opportunity, prosperity, and civil society flourish.   Heritage’s staff pursues this mission by performing timely, accurate research on key policy issues and effectively marketing these findings to our primary audiences: members of Congress, key congressional staff members, policymakers in the executive branch, the nation’s news media, and the academic and policy communities.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

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Annual Revenue & Expenses

(GuideStar Exchange,
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July 2014)

Fiscal Year Starting: January 1, 2013
Fiscal Year Ending: December 31, 2013

Total Revenue $112,690,147
Total Expenses $77,128,395

Revenue & Expenses

(GuideStar Exchange,
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July 2014)

Fiscal Year Starting: January 1, 2013
Fiscal Year Ending: December 31, 2013

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Balance Sheet (IRS Form 990)

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Leadership

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July 2014)

Hon. Jim DeMint

Profile:

On April 4, 2013, DeMint succeeded Edwin J. Feulner as president of the leading think tank. After stepping down from the Senate seat to which South Carolinians twice elected him, DeMint functioned as president-elect of Heritage in a three-month transition. Feulner, president since 1977, was a founding trustee in 1974. “I’m humbled to follow in the footsteps of Ed Feulner, who built the most important conservative institution in the nation,” DeMint said during the transition. “He has been a friend and mentor for years and I am honored to carry on his legacy of fighting for freedom. “Heritage will remain, first and foremost, a research institute dedicated to impeccable research and data-driven policy analysis,” DeMint added. “Our policy recommendations carry weight because they are informed by that research and grounded in the principles laid out by the Founding Fathers—principles that have been proven sound time and time again during this great American Experiment.” DeMint has said that a primary goal for Heritage is to help the conservative movement understand how Americans from all walks of life perceive public policy issues -- and to better communicate conservative ideas and solutions. DeMint was born James Warren DeMint on Sept. 2, 1951, in Greenville, S.C. “Jim” and three siblings were raised by a single mother who taught him the value of hard work and perseverance. He attended public schools in Greenville, graduating from Wade Hampton High School. He married his high school sweetheart, Debbi

Board Chair (GuideStar Exchange,
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July 2014)

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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Board Leadership Practices (GuideStar Exchange,
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July 2014)
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Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in July 2014

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Programs

Program: (GuideStar Exchange,
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July 2014)

Budget:
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Program Description:

DOMESTIC POLICY: Heritage is working towards the following—tax reform (preferably a flat tax); elimination of unreasonable and contradictory regulation of business; Social Security reform (through privately owned and invested retirement accounts); health care reform (increased competition and consumer choice); school choice; and increased state and local control over programs now administered at the federal level. FOREIGN AND DEFENSE POLICY: Heritage supports the following—defense of our homeland and citizens in ways consistent with the Constitution; an effective war against terrorists; deployment of a missile defense system; free trade; a strong U.S. military; foreign aid reform (especially an end to U.S. appropriations to the International Monetary Fund).

Program Long-Term Success:

Heritage’s research and on-line tax calculator helped President Bush win approval of the first across-the-board tax cut in two decades.

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Program: Young Leaders Program (GuideStar Exchange,
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July 2014)

Budget:
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Young Adults (20-25 years) -- currently not in use
Youth/Adolescents only (14 - 19 years)

Program Description:

The Young Leaders Program promotes the mission of The Heritage Foundation to the next generation by developing and implementing outreach to the next generation of conservatives. We offer young conservatives from around the country Washington, D.C.’s best internship program. And our Young Leaders Facebook Page and our Student Virtual Think Tank make sure that the ability to interact with The Heritage Foundation isn’t limited by the boundaries of Washington, D.C. Young conservatives can have access to Heritage policy experts through a series of video web-chats. With interactive polling, chat rooms, and live streaming video, the Young Leaders Program Facebook Page offers an exciting educational tool and a place to meet fellow conservatives.

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Program: Institute for Family, Community, and Opportunity (GuideStar Exchange,
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July 2014)

Budget:
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Category:
Animal Control
Population Served:
None
None
None

Program Description:

Promotes a stronger society and consists of the DeVos Center for Religion and Civil Society, the B. Kenneth Simon Center for Principles and Politics, the Center for Health Policy Studies, and the Domestic Policy Studies staff.

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Program: Kathryn and Shelby Cullom Davis Institute for National Security and Foreign Policy (GuideStar Exchange,
The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
July 2014)

Budget:
--
Category:
Animal Control
Population Served:
None
None
None

Program Description:

Promotes a stronger America and consists of the Douglas and Sarah Allison Center for Foreign and National Security Policy, the Margaret Thatcher Center for Freedom, the Asian Studies Center, the International Studies staff.

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Program: Institute for Economic Freedom and Opportunity (GuideStar Exchange,
The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
July 2014)

Budget:
--
Category:
Animal Control
Population Served:
None
None
None

Program Description:

Seeks to promote a stronger economy and consists of the Thomas A. Roe Institute for Economic Policy Studies, the Chief Economist's Office, the Center for Trade and Economics, and the Center for Data Analysis.

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Impact Summary from the Nonprofit

It is the work of freedom to perpetually renew the dedication to principles of liberty and constitutional government and to make these ever manifest in the politics and public life of our nation. However, while the American people increasingly want better answers and solutions they are getting more slogans and promises. Recognizing this need, in April 2007, The Heritage Foundation undertook a 10-year campaign that is the boldest since our founding in 1973. The Leadership for America campaign focuses Heritage’s research and communication efforts to rediscover and revive the first principles of liberty; restore the primary institutions of civil society; expand economic opportunity and prosperity; and ensure America’s national security and its respect as a world leader. The Heritage Foundation strategy integrates research, communications, and marketing to produce concrete results. In the House, Rea key facet of Leadership for America which aims to our balance the budget permanently in 10 years, reform entitlements, overhaul the tax code, and revive the economy. In May 2012, Sen. Mike Lee of Utah introduced a budget resolution based on Saving the American Dream. This is the greatest level of influence a think tank can have. To raise awareness and grassroots support for Saving the American Dream, The Heritage Foundation teamed up with the Family Research Council and embarked on a nationwide bus tour to tell Americans about our plan. Heritage is dedicated to turning America back in the direction of her founding principles in the U.S. Constitution and Declaration of Independence. We will continue to build on our accomplishments, complete the unfinished work of the day and confront the expanding challenges before us.

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