Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - Form990 ?El Department of the Trensun Internal Rex enue Sen 106 A For the 2019 calendar year, or tax year beginning 11-01-2017 and ending 10-31-2018 Check if applicable El Address change Name change Initial return l:l Final El Amended return El Appl Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) Do not enter security numbers on this form as it may be made public Go to for instructions and the latest information. OMB No 1545-0047 2018 Open to Public Inspection Name of organization THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC 59-2811908 D0ing business as return/terminated Employer identification number Number and street (or 0 box if mail is not delivered to street address) PO BOX 10150 ication pendingl Room/SUIte Telephone number (850) 386-3131 City or town, state or provmce, country, and ZIP or foreign postal code TALLAHASSEE, FL 32302 Gross receipts 1, 625,255 Name and address of prinCIpal officer ROBERT MCCLURE 100 NORTH DUVAL STREET TALLAHASSEE, FL 32301 I Tax- .501(c)(3) l:l 501(c)( )<(insertno) l:l 527 bsite: JAMESMADISON ORG H(a) Is this a group return for subordinates? H(b) Are all subordinates included? If attach a list (see l:lYes .No l:lYeS l:lNo instructions) Group exemption number Form of organization Corporation l:l Trust l:l AssOCIation l:l Other? Year of formation 1987 State of legal domICIle FL Summary ACIIWUGS oi. 1 Briefly describe the organization?s mISSion or most Significant actiwties THE MISSION OF THE JAMES MADISON INSTITUTE IS TO INFORM THE CITIZENS OF FLORIDA ABOUT THEIR GOVERNMENT AND TO ENSURE THE FUTURE OF THE STATE BY ADVANCING FREE-MARKET IDEAS PERTAINING TO THE ISSUES OF PUBLIC POLICY 2 Check this box l:l if the organization discontinued its operations or disposed of more than 25% of its net assets 3 Number of voting members of the governing body (Part VI, line 1a) 3 10 4 Number of independent voting members of the governing body (Part VI, line 1b) 4 10 5 Total number of indiViduaIS employed in calendar year 2018 (Part V, line 2a) 5 19 6 Total number of volunteers (estimate if necessary) 6 10 7a Total unrelated busmess revenue from Part column (C), line 12 7a 0 Net unrelated busmess taxable income from Form 990-T, line 34 7b Prior Year Current Year 0- 8 Contributions and grants (Part line 1h) 1,117,269 1,469,783 9 Program serVIce revenue (Part line 29) 5,122 46,051 10 Investment income (Part column (A), lines Other revenue (Part column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 22,996 15 12 Total revenue?add lines 8 through 11 (must equal Part column (A), line 12) 1,145.430 1,515,885 13 Grants and Similar amounts paid (Part IX, column (A), lines 1?3) 0 14 Benefits paid to or for members (Part IX, column (A), line 4) 0 33 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5?10) 968,352 968,630 16a Profe55ional fundraismg fees (Part IX, column (A), line 11e) 0 g. Total fundraismg expenses (Part IX, column (D), line 25) '1 17 Other expenses (Part IX, column (A), lines 11a?11d, 11f?24e) 485,872 642,945 18 Total expenses Add lines 13?17 (must equal Part IX, column (A), line 25) 1,454,224 1,611,575 19 Revenue less expenses Subtract line 18 from line 12 -308,794 -95,690 3 3 Beginning of Current Year End of Year as 20 Total assets (Part X, line 16) 1,637,118 1,622,185 :2 21 Total liabilities (Part X, line 26) 1,086,702 1,167,459 22 Net assets or fund balances Subtract line 21 from line 20 550,416 454,726 m-wture Block Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge 2019-08-28 Signature of officer Date Sign Here ROBERT MCCLURE PRESIDENT CEO Type or print name and title Print/Type preparer's name Preparer's Signature Date l:l PTIN 2019-09-04 Check It P00273516 Pald self-employed Preparer Firm's name THOMSON BROCK LUGER COMPANY Firm's EIN 20-2259573 U59 Only Firm's address 33756 CAPITAL CIR NE Phone no (850) 385?7444 TALLAHASSEE, FL 323083736 May the IRS discuss this return With the preparer Shown above? (see instructions) .Yes l:l No For Paperwork Reduction Act Notice, see the separate instructions. Cat No 11282Y Form 990 (2018) Form 990 (2018) Page 2 Part Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part . . . . . . . . . . . . . . 1 Briefly describe the organization's missmn THE MISSION OF THE JAMES MADISON INSTITUTE IS TO INFORM THE CITIZENS OF FLORIDA ABOUT THEIR GOVERNMENT AND TO ENSURE THE FUTURE OF THE STATE BY ADVANCING FREE-MARKET IDEAS PERTAINING TO THE ISSUES OF PUBLIC POLICY 2 Did the organization undertake any Significant program serVIces during the year which were not listed on thepriorForm9900r990-EZ7 . . . . . . . . . . . . . . . . . . . . . DYes .No If "Yes," describe these new serVIces on Schedule 0 3 Did the organization cease conducting, or make Significant changes in how it conducts, any program DYes-No If "Yes," describe these changes on Schedule 4 Describe the organization's program serVIce accomplishments for each of its three largest program serVIces, as measured by expenses Section 501(c)(3) and 501(c)(4) organizations are reqUIred to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program serVIce reported 4a (Code (Expenses 1,204,483 including grants of (Revenue See Additional Data 4b (Code (Expenses 17,695 including grants of (Revenue 46,051 See Additional Data 4c (Code (Expenses including grants of (Revenue 4d Other program serVIces (Describe in Schedule 0 (Expenses including grants of (Revenue 4e Total program service expenses? 1,222,178 Form 990 (2018i Form 990 (2018Page 3 Part IV Checklist of Required Schedules Yes No Is the organization described In section 501(c)(3) or 4947(a)(1) (other than a prIvate foundation)? If "Yes,? complete Yes Schedule A 93' . . 1 Is the organization reqUIred to complete Schedule 5, Schedule of Contributors (see Instructions)? . 2 YES Did the organization engage In dIrect or Indirect politIcaI campaign actIVItIes on behalf of or In oppOSItIon to candIdates No for public of?ce? If ?Yes," complete Schedule C, Panfl 3 Section 501(c)(3) organizations. Did the organizatIon engage In lobbyIng actIVIties, or have a section 501(h) electIon In effect during the tax year? If ?Yes, complete Schedule C, Part ll . . 4 N0 Is the organization a sectIon 501(c)(4), 501(c)(5), or 501(c)(6) organizatIon that receives membershIp clues, assessments, or amounts as defined In Revenue Procedure 98-19? If ?Yes, complete Schedule C, Part 5 N0 Did the organizatIon maIntaIn any donor adVIsed funds or any funds or accounts for donors have the rIght to prOVIde adVIce on the dIstrIbutIon or Investment of amounts In such funds or accounts? If ?Yes, complete Schedule D, Pan? 6 0 Did the organizatIon receive or hold a conservatIon easement, IncludIng easements to preserve open space, the enVIronment, hIstoric land areas, or historic structures? If ?Yes, complete Schedule D, Part ll 7 0 Did the organizatIon maIntaIn collections of works of art, historIcal treasures, or other assets? If ?Yes, complete Schedule D, Pan? 3 0 Did the organizatIon report an amount In Part X, IIne 21 for escrow or custodIal account lIabIlIty, serve as a custodian for amounts not listed In Part X, or prowde credit counseIIng, debt management, credit repair, or debt negotIatIon serVIces?If "Yes, complete Schedule D, Part IV 9 0 Did the organizatIon, directly or through a related organIzation, hold assets In temporarily restrIcted endowments, 10 No permanent endowments, or quasI-endowments? If ?Yes," complete Schedule D, Pan? If the organization?s answer to any of the followmg questIons Is "Yes," then complete Schedule D, Parts VI, VII, IX, or as applicable Did the organizatIon report an amount for land, bUIldIngs, and eqUIpment In Part X, line 10? If ?Yes, complete Schedule D, Pan11-3 es Did the organizatIon report an amount for Investments?other securIties In Part X, IIne 12 that Is 5% or more of Its total assets reported In Part X, line 16? If "Yes," complete Schedule D, Part VII . 11b 0 Did the organizatIon report an amount for Investments?program related In Part X, IIne 13 that Is 5% or more of Its total assets reported In Part X, IIne 16? If ?Yes, complete Schedule D, Part 93' . . 11C 0 Did the organizatIon report an amount for other assets In Part X, IIne 15 that Is 5% or more of Its total assets reported In PartX, line 16? If ?Yes complete Schedule D, Part Did the organizatIon report an amount for other lIabilitIes In Part X, IIne 25? If ?Yes,? complete Schedule D, PartX lie No Did the organizatIon?s separate or consolidated finanCIal statements for the tax year Include a footnote that addresses 11f Yes the organizatIon's lIabIlIty for uncertaIn tax p05Itions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, PartX Did the organizatIon obtaIn separate, Independent audited fInanCIal statements for the tax year? If "Yes, complete Schedule D, Parts XI and XII SJ . 128 Yes Was the organization Included In consolidated, Independent audIted finanCIal statements for the tax year? 12b No If "Yes, and If the organizatron answered "No? to lIne 12a, then completmg Schedule D, Parts XI and XII Is optional Is the organization a school descrIbed In section If ?Yes," complete Schedule 13 0 Did the organizatIon maIntaIn an of?ce, employees, or agents outSIde of the UnIted States? 14a No Did the organizatIon have aggregate revenues or expenses of more than $10,000 from grantmakIng, fundraismg, busmess, Investment, and program serVIce actIVIties the United States, or aggregate foreign Investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts Did the organizatIon report on Part IX, column (A), line 3, more than $5,000 of grants or other a55Istance to or for any foreIgn organizatIon? If ?Yes, complete Schedule F, Part5 II and IV . 15 N0 Did the organizatIon report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign IndIVIduals? If ?Yes, complete Schedule F, Parts and IV . 16 N0 Did the organizatIon report a total of more than $15,000 of expenses for profeSSIonal fundraISIng serVIces on Part IX, 17 No column (A), lines 6 and 11e? If ?Yes," complete Schedule G, Part l(see InstructIons) Did the organizatIon report more than $15,000 total of fundraISIng event gross Income and contrIbutIons on Part IInes 1c and 8a? If "Yes," complete Schedule G, Partll . 13 Yes Did the organizatIon report more than $15,000 of gross Income from gamIng actIVItIes on Part line 9a? If ?Yes," 19 complete Schedule G, Part . . . . . . . . . . 0 Did the organizatIon operate one or more hospital faCIlitIes? If ?Yes,? complete Schedule . 20a No If "Yes" to line 20a, dId the organIzatIon attach a copy of Its audited finanCIal statements to thIs return? 20b Did the organizatIon report more than $5,000 of grants or other assIstance to any domestIc organizatIon or domestic 21 No government on Part IX, column (A), IIne 1? If "Yes,? complete Schedule I, Parts I and II . Did the organizatIon report more than $5,000 of grants or other aSSIstance to or for domestic IndiVIduaIs on Part IX, 22 0 column (A), line 2? If "Yes, complete Schedule I, Parts I and . Form 990 (2018) Form 990 (2018) Page 4 Part IV Checklist of Required Schedules (continued) Yes No 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete 23 Yes Schedule] . 24a Did the organization have a tax- -exempt bond issue With an outstanding prinCIpal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 20027 If "Yes,? answer lines 24b through 24d and complete Schedule If "No, go to line 25a . . . . . 24a No Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? . 24b Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? 24c Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? 24d 25a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction With a disqualified person during the year? If "Yes," 25 complete Schedule L, Partl . . . . a Is the organization aware that it engaged in an excess benefit transaction With a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 25b No If"Yes,"complete Schedule L, PanDid the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? 26 Yes Ii If Yes, complete Schedule L, Part ll . 27 Did the organization prowde a grant or other a55istance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member 27 No of any of these persons? If "Yes, complete Schedule L, Part . 28 Was the organization a party to a busmess transaction With one of the fo 0Wing parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions) a A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, a- Part family member of a current or former officer, director, trustee, or key employee? If "Yes, complete Schedule L, Parth . 28b No An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes, complete Schedule L, Part IV . 23C 0 29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes,? complete Schedule . 29 No 30 Did the organization receive contributions of art, historical treasures, or other Similar assets, or qualified conservation contributions? If "Yes, complete Schedule 30 N0 31 Did the organization liqUIdate, terminate, or dissolve and cease operations? If ?Yes," complete Schedule N, Pan?l . 31 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If ?Yes, complete Schedule N, Part ll . 32 N0 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3? If ?Yes," complete Schedule R, Partl . 33 N0 34 Was the organization related to any tax-exempt or taxable entity? If "Yes, complete Schedule R, PanPartV,line1 35a Did the organization have a controlled entity Within the meaning of section 512(b)(13)? 35a N0 If ?Yes' to line 35a, did the organization receive any payment from or engage in any transaction With a controlled entity Within the meaning of section 512(b)(13)7 If "Yes," complete Schedule R, Part V, line 2 35b 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes, complete Schedule R, Part V, line 2 . . 36 N0 37 Did the organization conduct more than 5% of its actIVIties through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes, complete Schedule R, Pan? VI 37 N0 38 Did the organization complete Schedule 0 and prowde explanations in Schedule 0 for Part VI, lines 11b and 19? Note. All Form 990 filers are reqUIred to complete Schedule 0 . 38 Yes Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule 0 contains a response or note to any line in this PartV . l:l Yes No 1a Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable . . 1a 25 Enter the number of Forms W-ZG included in line 1a Enter -0- if not applicable 1b 0 Did the organization comply With backup Withholding rules for reportable payments to vendors and reportable gaming (gambling) Winnings to prize WinnersYes Form 990 (2018) Form 990 (2018) Page 5 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, ?led for the calendar year ending With or Within the year covered by 2a 19 If at least one is reported on line 2a, did the organization file all reqUIred federal employment tax returns? 2b Yes Note.If the sum of lines 1a and 2a is greater than 250, you may be reqUIred to e-file (see instructions) 3a Did the organization have unrelated busmess gross income of $1,000 or more during the year? 3a No If ?Yes," has it Filed a Form 990-T for this year7If "No? to line 3b, prowcle an explanation in Schedule 0 3b 4a At any time during the calendar year, did the organization have an interest in, or a Signature or other authority over, a 4a No finanCIal account in a foreign country (such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign country See instructions for filing reqUIrements for Form 114, Report of Foreign Bank and FinanCIal Accounts (FBAR) 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? 5a No Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b No If "Yes," to line 5a or 5b, did the organization file Form 8886-T7 5c 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization 6a No what any contributions that were not tax deductible as charitable contributions? If "Yes," did the organization include With every SOIICItation an express statement that such contributions or gifts were not tax deductible? 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization recewe a payment in excess of $75 made partly as a contribution and partly for goods and serVIces 7a Yes provided to the payor7 If "Yes," did the organization notify the donor of the value of the goods or serVIces prowded" 7b Yes Did the organization sell, exchange, or otherWIse dispose of tangible personal property for which it was reqUIred to file Form82827 7c No (I If "Yes," indicate the number of Forms 8282 filed during the year . . . . 7d Did the organization recewe any funds, directly or indirectly, to pay premiums on a personal benefit contract? 7e No Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 7f No 9 If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as reqUIred7 79 If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form . 7h 8 Sponsoring organizations maintaining donor advised funds. Did a donor adVIsed fund maintained by the sponsoring organization have excess busmess holdings at any time during the year? 8 9a Did the sponsoring organization make any taxable distributions under section 4966? 9a Did the sponsoring organization make a distribution to a donor, donor adVIsor, or related person? 9b 10 Section 501(c)(7) organizations. Enter a Initiation fees and capital contributions included on Part line 12 . . . 10a Gross receipts, included on Form 990, Part line 12, for public use of club faCIlities 10b 11 Section 501(c)(12) organizations. Enter a Gross income from members or shareholders . . . . . . . . . 11a Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them . . . . . . . . . . 11b 12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? 12a If "Yes," enter the amount of tax-exempt interest received or accrued during the year 12 13 Section 501(c)(29) qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state? Note. See the instructions for additional information the organization must report on Schedule 0 13a Enter the amount of reserves the organization is reqUIred to maintain by the states in which the organization is licensed to issue qualified health plans . . . . 13b Enter the amount of reserves on hand . . . . . . . . . . . . 13c 14a Did the organization receive any payments for indoor tanning serVIces during the tax year? 14a No If "Yes," has it filed a Form 720 to report these paymentsUf prowde an explanation in Schedule 0 . 14b 15 Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? If "Yes," see instructions and file Form 4720, Schedule . . 15 N0 16 Is the organization an educational institution subject to the section 4968 eXCIse tax on net investment income? 16 If "Yes," complete Form 4720, Schedule 0 . Form 990 (2018) Form 990 (2018) Page 6 Part VI Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the Circumstances, processes, or changes in Schedule 0 See instructions Check if Schedule 0 contains a response or note to any line In this Part Section A. Governing Body and Management Yes No 1a Enter the number of voting members of the governing body at the end of the tax year 1a 10 If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or Similar committee, explain in Schedule 0 Enter the number of voting members included in line 1a, above, who are independent 1b 10 2 Did any officer, director, trustee, or key employee have a family relationship or a bu5ineSS relationship With any other officer, director, trustee, or key employeeDid the organization delegate control over management duties customarily performed by or under the direct superVISion 3 No of officers, directors or trustees, or key employees to a management company or other person? 4 Did the organization make any Significant changes to itS governing documents Since the prior Form 990 was filed? . 4 N0 5 Did the organization become aware during the year of a Significant diverSion of the organization's assets? 5 No Did the organization have members or stockholders? 6 No 7a Did the organization have members, stockholders, or other persons who had the power to elect or appomt one or more membersofthegoverningbodyAre any governance deCISionS of the organization reserved to (or subject to approval by) members, stockholders, or 7b No persons other than the governing bodyDid the organization contemporaneously document the meetings held or written actions undertaken during the year by the followmg 8aYes Each committee With authority to act on behalf of the governing bodythere any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization?s mailing address? If ?Yes," prowde the names and addresses in Schedule Section B. Policies (This Section requests information about poliCies not reqUired by the Internal Revenue Code.) Yes No 10a Did the organization have local chapters, branches, or affiliates"Yes," did the organization have written pOl C es and procedures governing the actIVIties of such chapters, affiliates, and branches to ensure thalr operations are conSistent With the organization's exempt purposes? 10b 11a Has the organization prowded a complete copy of this Form 990 to all members of its governing body before filing the No Describe in Schedule 0 the process, if any, used by the organization to reVIew this Form 990 12a Did the organization have a written conflict of interest policy? If "No, go to line 12a Yes Were officers, directors, or trustees, and key employees reqUIred to disclose annually interests that could give rise to 12bYes Did the organization regularly and conSistently monitor and enforce compliance With the policy? If ?Yes," describe in ScheduleOhowthiswasdone . . . . . . . . . . . . . . . . . . . 12: Yes 13 Did the organization have a written Whistleblower policyDid the organization have a written document retention and destruction policyDid the process for determining compensation of the followmg persons include a reweW and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and deCISion7 The organization?s CEO, Executive Director, or top management offICIal . . . . . . . . . . . 15a Yes Other officers or key employees of the organization . . . . . . . . . . . . . . . . 15b No If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions) 16a Did the organization invest in, contribute assets to, or partICIpate in a pint venture or Similar arrangement With a taxableentityduringtheyear"Yes," did the organization follow a written policy or procedure reqUIring the organization to evaluate itS participation in mint venture arrangements under applicable federal tax law, and take steps to safeguard the organization?s exempt status With respect to such arrangements16b Section C. Disclosure 17 List the States With which a copy of this Form 990 iS reqUIred to be filed? 18 Section 6104 reqUIres an organization to make itS Form 1023 (or 1024-A if applicable), 990, and 990-T (501(c)(3)S only) available for public inspection Indicate how you made these available Check all that apply l:l Own webSite l:l Another's webSite Upon request l:l Other (explain in Schedule O) 19 Describe in Schedule 0 Whether (and if so, how) the organization made its governing documents, conflict of interest policy, and finanCIal statements available to the public during the tax year 20 State the name, address, and telephone number of the person who possesses the organization's books and records PJ ROBERT MCCLURE 100 DUVAL STREET TALLAHASSEE, FL 32301 (850) 386-3131 Form 990 (2018) Form 990 (2018) Page 7 Part VII Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check If Schedule 0 contains a response or note to any line In this Part VII . . . . . . . . Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this table for all persons reqUIred to be listed Report compensation for the calendar year ending or WIthIn the organization?s tax year 0 LIst all of the organization's current officers, directors, trustees (whether indIViduals or organizations), regardless of amount of compensation Enter -0- in columns (D), (E), and (F) if no compensation was paid 0 List all of the organization?s current key employees, If any See instructions for definition of "key employee 0 List the organization's five current highest compensated employees (other than an officer, director, trustee or key employee) who recewed reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations 0 List all of the organization?s former officers, key employees, or highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations 0 List all of the organization's former directors or trustees that received, In the capaCIty as a former director or trustee of the organization, more than $10,000 of reportable compensation From the organization and any related organizations List persons in the followmg order IndIVIdual trustees or directors, institutional trustees, officers, key employees, highest compensated employees, and former such persons l:l Check this box if neither the organization nor any related organization compensated any current of?cer, director, or trustee (A) (B) (C) (D) (E) (F) Name and Title Average POSItion (do not check more Reportable Reportable Estimated hours per than one box, unless person compensation compensation amount of other week (list is both an of?cer and a from the from related compensation any hours director/trustee) organization organizations from the for related - (W- 2/1099- (W- 2/1099- organization and I at :1 organizations ,1 3 MISC) MISC) related below dotted 1?5 E7 3 organizations IIne) LEE 5 ?3?.1. (1) ALLAN BENSE 100 0 0 0 CHAIRMAN EME (2) TIMOTHY 1 00 0 0 DIRECTOR (3) ROBERT MCCLURE 40 00 244,631 0 19,528 PRESIDENT (4) JF BRYAN 1v 1 00 0 0 DIRECTOR (5) GLEN BLAUCH JR 1 00 0 0 VICE CHAIR (6) CHARLES HILTON JR 1 00 0 0 0 CHAIRMAN EME (7) JOHN KIRTLEY 1 00 0 0 DIRECTOR (8) LISA SCHULTZ 1 00 0 0 DIRECTOR (9) ROBERT GIDEL SR 1 00 0 0 DIRECTOR (10) JEFFREY SWAIN 1 00 0 0 0 CHAIRMAN 100 0 0 DIRECTOR Form 990 (2018) Form 990 (2018) Page 8 Part VII Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) (A) (B) (C) (D) (E) (F) Name and Title Average P05ition (do not check more Reportable Reportable Estimated hours per than one box, unless person compensation compensation amount of other week (list is both an officer and a from the from related compensation any hours director/trustee) organization (W- organizations (W- from the for related C: 3 7: I 'n organization and organizations :1 3 .3 3 ,5 related below dotted g: 3 organizations lineis} 1bSub-Total . . . . . . . . . Total from continuation sheets to Part VII, Section A . dTotal (add lines 1b and 1c) . 244,631 19,528 2 Total number of ihdiViduals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 1 Yes No 3 Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes, complete Schedule for such indiwcluai? . 3 No 4 For any indiVidual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If ?Yes, complete Schedule for such incliwcluai' . 4 Yes 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or indiVidual for serVIces rendered to the organization'PIir ?Yes, complete Schedule for such person 5 No Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization Report compensation for the calendar year ending With or Within the organization?s tax year (A) Name and busmess address (B) Description of serwces (C) Compensation 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization Form 990 (2018) Form 990 (2018) Part Statement of Revenue Check if Schedule 0 contains a response or note to any line In this Part Page 9 El (A) (B) (C) (D) Total revenue Related or Unrelated Revenue exempt busmess excluded from Function revenue tax under sections revenue 512 - 514 lar Amounts Imi Contributions, Gifts, Grants and Other 1a Federated campaigns Membership dues Fundraismg events . Related organizations All other contributions, gifts, grants, and Similar amounts not included 1f above 9 Noncash contributions included in lines 1a - if Total. Add lines 1a-1f . Governmentgrants (contributions) 1e 1,469,783 1,469,783 Program Serwce Revenue- 23 EVENT PROGRAMS Busmess Code 900099 46,051 46,051 All other program serVIce revenue 9Total. Add lines 2a?2f . . . . 46,051 Other Revenue 103Gross sales of inventory, less 3 Investment income (including diVidends, interest, and other Similar amounts) 4 Income from investment of tax-exempt bond proceeds 5 Royalties 36 36 Real (ii) Personal 6a Gross rents Less rental expenses Rental income or (loss) Net rental income or (loss) Securities (ii) Other 7a Gross amount from sales of assets other than inventory Less cost or other basis and sales expenses Gain or (loss) Net gain or (loss) . 3&1 Gross income from Fundraismg events (not including of contributions reported on line 1c) See Part IV, line 18 . . . . a 109,370 bLess directexpenses . . . 109,370 Net income or (loss) from fundraismg events . . 9a Gross income from gaming actIVIties See Part IV, line 19 bLess directexpenses . . . (3 Net income or (loss) from gaming actIVIties . returns and allowances a Less cost of goods sold . . Net income or (loss) from sales of inventory . . Miscellaneous Revenue Busmess Code REVENUE 15 15 All other revenue eTotal. Add lines 11a?11d 12 Total revenue. See Instructions 15 1,515,885 46,066 36 Form 990 (2018) Form 990 (2018) Page 10 Panlx Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns All other organizations must complete column (A) Check if Schedule 0 contains a response or note to an line in this Part not include amounts reported on lines 6b, (A) Pro raglemce Mana ?rfant and (Part Total expenses Expenses general expenses Fundraismgexpenses 1 Grants and other a55istance to domestic organizations and domestic governments See Part IV, line 21 2 Grants and other a55istance to domestic indIVIduals See Part IV, line 22 3 Grants and other a55istance to forEIgn organizations, forEIgn governments, and foreign indIVIduals See Part IV, line 15 and 16 4 Benefits paid to or for members 5 Compensation of current officers, directors, trustees, and 200,213 140,149 50.064 key employees 6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) . . 7 Other salaries and wages 609,617 426,732 182,885 8 Pen5ion plan accruals and contributions (include section 401 24,604 17,223 7.331 and 403(b) employer contributions) 9 Other employee benefits . . . . . . . 73,381 51,357 22,014 10 Payroll taxes . . . . . . . . . . . 60,815 42,570 18,245 11 Fees for serVIces (non-employees) a Management bLegaI . . . . . . . . . 500 350 150 Accounting . . . . . . . . . . . 13,047 9,133 3.914 Lobbying Professwnal fundraismg serVIces See Part IV, line 17 Investment management fees 9 Other (If line 119 amount exceeds 10% of line 25, column (A) amount, list line 119 expenses on Schedule O) 12 Adverti5ing and promotion . . . . 7,160 5,012 2,148 13 Office expenses . . . . . . . 27,373 19,151 8,212 14 Information technology . . . . . . 25,793 18,055 7.738 15 Royalties 16 Occupancy . . . . . . . . . . . 44,835 31,384 13.451 17 Travel . . . . . . . . . . . . 31,780 31,780 18 Payments of travel or entertainment expenses for any federal, state, or local public offICIals 19 Conferences, conventions, and meetings . . . . 1,679 1,175 504 20 Interest . . . . . . . . . . . 57,394 40,175 17,218 21 Payments to affiliates 22 DepreCIation, depletion, and amortization . . 48,474 33,932 14.542 23 Insurance . . . 18,643 13,050 5,593 24 Other expenses Itemize expenses not covered above (List miscellaneous expenses in line 24a If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0 a SUBCONTRACTORS 113,800 113,800 PRINTING PUBLICATION 96,253 96,253 CAMPUS REP PROGRAM 30,668 30,668 OTHER EXPENSES 24,312 17,021 7.291 All other expenses 101,234 83,187 4,600 13,447 25 Total functional expenses. Add lines 1 through 24e 1,611,575 1,222,178 375.950 13.447 26 Joint costs. Complete this line only if the organization reported in column (B) costs from a combined educational campaign and fundraismg soIICItation Check here l:l if followmg SOP 98-2 (ASC 958-720) Form 990 (2018) Form 990 (2018) Page 11 Part Balance Sheet Check if Schedule 0 contains a response or note to any line In this Part IX . . l:l (A) (B) Beginning of year End of year 1 Cash?non-interest-bearing 42,450 1 78,147 2 Savmgs and temporary cash Investments 36,885 2 61,375 3 Pledges and grants recewable, net 3 4 Accounts receivable, net 4 5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees Complete 16,208 5 PartllofScheduleL . . . . . . . . . . . 6 Loans and other receivables from other disqualified persons (as de?ned under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) 6 voluntary employees' beneFICIary organizations (see instructions) Complete Part II of Schedule . 7 Notes and loans receivable, net 7 Inventories for sale or use 8 9 Prepaid expenses and deferred charges 20,315 9 10a Land, and eqUIpment cost or other basis Complete Part VI of Schedule 103 1373-184 Less accumulated depreCIation 10b 490.521 1.521.262 10c 1.432.563 11 Investments?publicly traded securities 11 12 Investments?other securities See Part IV, line 11 12 13 Investments?program-related See Part IV, line 11 13 14 Intangible assets 14 15 Other assets See Part IV, line 11 15 16 Total assets.Add lines 1 through 15 (must equal line 34) 1,637,118 16 1,622,185 17 Accounts payable and accrued expenses 96.856 17 53.975 18 Grants payable 18 19 Deferred revenue 2.900 19 20 Tax-exempt bond liabilities 20 vi 21 Escrow or custodial account liability Complete Part IV of Schedule 21 22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified A ?Fe persons Complete Part II of Schedule 300,000 22 113,500 ?1 23 Secured mortgages and notes payable to unrelated third parties 686.935 23 999.984 24 Unsecured notes and loans payable to unrelated third parties 24 25 Other liabilities (including federal income tax, payables to related third parties, 25 and other liabilities not included on lines 17 - 24) Complete Part of Schedule 26 Total liabilities.Add lines 17 through 25 1.086.702 26 1.157.459 :3 Organizations that follow SFAS 117 (ASC 958), check here and 2 complete lines 27 through 29, and lines 33 and 34. ?5 27 Unrestricted net assets 350,416 27 359,808 ?05 28 Temporarily restricted net assets 200,000 28 94,918 '9 29 Permanently restricted net assets 29 Organizations that do not follow SFAS 117 (ASC 958), 5 check here l:l and complete lines 30 through 34. 30 Capital stock or trust prinCIpal, or current funds . 30 a; 31 Paid-in or capital surplus, or land, or eqUIpment fund 31 32 Retained earnings, endowment, accumulated income, or other funds 32 a 33 Total net assets or fund balances 550,416 33 454,726 2 34 Total liabilities and net assets/fund balances 1,637,118 34 1,622,185 Form 990 (2018) Form 990 (2018) Page 12 Reconcilliation of Net Assets Check If Schedule 0 contaIns a response or note to any lIne In thIs Part XI 1 Total revenue (must equal Part column (A), lIne 12) 1 1,515,885 2 Total expenses (must equal Part IX, column (A), lIne 25) 2 1,611,575 3 Revenue less expenses Subtract lIne 2 from lIne 1 3 -95,690 4 Net assets or fund balances at begInnIng of year (must equal Part X, lIne 33, column 4 550,416 5 Net unrealized gaIns (losses) on Investments 5 6 Donated serVIces and use of 6 7 Investment expenses 7 8 PrIor perIod adjustments 8 9 Other changes In net assets or fund balances (explaIn In Schedule 0) 9 10 Net assets or fund balances at end of year CombIne lInes 3 through 9 (must equal Part X, lIne 33, column 10 454,726 Financial Statements and Reporting Check If Schedule 0 contaIns a response or note to any lIne In thIs Part XII Yes No 1 AccountIng method used to prepare the Form 990 l:l Cash Accrual l:l Other If the organIzatIon changed Its method of accountmg from a prIor year or checked "Other," explaIn In Schedule 0 2a Were the organIzatIon?s fInanCIal statements comleed or reVIewed by an Independent accountant? 2a No If ?Yes,? check a box below to IndIcate whether the fInanCIal statements for the year were complied or reVIewed on a separate ba5Is, consoIIdated ba5Is, or both l:l Separate ba5Is l:l ConsolIdated ba5Is l:l Both consolldated and separate ba5Is Were the organIzatIon?s fInanCIal statements audIted by an Independent accountant? 2b Yes If ?Yes,? check a box below to IndIcate whether the fInanCIal statements for the year were audIted on a separate ba5Is, consolldated ba5Is, or both Separate ba5Is l:l ConsolIdated ba5Is l:l Both consolldated and separate ba5Is If "Yes," to lIne 2a or 2b, does the organIzatIon have a commIttee that assumes for overSIght of the audIt, reVIew, or compIIatIon of Its fInanCIal statements and selectIon of an Independent accountant? 2c Yes If the organIzatIon changed eIther Its overSIght process or selectIon process durIng the tax year, explaIn In Schedule 0 3a As a result of a federal award, was the organIzatIon reqUIred to undergo an audIt or audIts as set forth In the SIngle AudIt Act and OMB CIrcular 3a No If "Yes," dId the organIzatIon undergo the reqUIred audIt or audIts? If the organIzatIon dId not undergo the reqUIred audIt or audIts, explaIn why In Schedule 0 and descrIbe any steps taken to undergo such audIts 3b Form 990 (2018) Additional Data Softwa re I D: Software Version: EIN: 59-2811908 Name: THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC Form 990 (2018) Form 990, Part Line 4a: RESEARCHERS PRODUCE INDEPENDENT, NON-PARTISAN REPORTS TO INFORM THE CITIZENS OF FLORIDA ABOUT IDEAS THAT ARE ROOTED IN A BELIEF IN THE CONSTITUTION AND SUCH TIMELESS IDEALS AS LIMITED GOVERNMENT, ECONOMIC FREEDOM, FEDERALISM, AND INDIVIDUAL LIBERTY COUPLED WITH INDIVIDUAL RESPONSIBILITY THESE REPORTS INCLUDE TWO EDITIONS OF THE JOURNAL OF THE JAMES MADISON INSTITUTE, THREE ISSUES OF POLICY BRIEFS, ONE ISSUE OF THE MESSENGER EDITION OF THE ISSUE COMMENTARY, ONE LEGISLATIVE TAX DAY SURVEY, ONE AMENDMENT GUIDE, ONE ELECTION 2018 ANALYSIS, BIWEEKLY EMAILS, AND MULTIPLE, ADDITIONAL, INCIDENTAL PUBLICATIONS AS NEEDED THESE PUBLICATIONS ARE ROUTINELY DISTRIBUTED TO INSTITUTE MEMBERS, LEGISLATORS, POLICY MAKERS, AND MEDIA, AS WELL AS MADE AVAILABLE TO THE GENERAL PUBLIC AT EVENTS, ON THEIR UPON REQUEST Form 990, Part Line 4b: IN 2018, JMI HELD THEIR SIGNATURE EVENTS IN TALLAHASSEE, AND NAPLES WITH A TOTAL OF 450 FOR BOTH EVENTS THE INSTITUTE HELD 15 REGIONAL MEMBER EVENTS, CIVICS-RELATED EVENTS FOR STUDENTS, FUNDRAISING EVENTS, AND STANLEY MARSHALL DAY, A CELEBRATION OF STANLEY MARSHALL THE INSTITUTE STAFF MEMBERS ALSO PARTICIPATE IN NUMEROUS CONFERENCES BOTH STATEWIDE AND NATIONALLY ALL THESE EVENTS SERVE MULTPLE PURPOSES SUCH AS OUTREACH, PUBLIC POLICY CIVICS EDUCATION, MEMBERSHIP BUILDING, Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93493248003019I OMB No 1545-0047 SCHEDULE A Public Charity Status and Public Support (Form 990 01? Complete if the organization is a section 501(c)(3) organization or a section 2 0 1 8 990EZ) 4947(a)(1) nonexempt charitable trust. Attach to Form 990 or Form 990-EZ. Department 0mm Go to for the latest information. Open to P_ubl c ?Wm, pm n" Inspection Name of the organization Employer identification number THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC 59-2811908 Reason for Public Charity Status (All organizations must complete this part.) See instructions. The organization is not a private foundation because it IS (For lines 1 through 12, Check only one box 1 A church, convention of churches, or aSSOCIatlon of churches described in section 2 A school described in section (Attach Schedule (Form 990 or 990-EZ) 3 A hospital or a cooperative hospital serVIce organization described in section 4 A medical research organization operated in conjunction With a hospital described in section Enter the hospital's name, City, and state An organization operated for the benefit of a college or univerSIty owned or operated by a governmental unit described in section 170 (Complete Part II) A federal, state, or local government or governmental unit described in section An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section (Complete Part II A community trust described in section 170(b)(1)(A)(vi) (Complete Part II Ell] An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction With a land-grant college or univerSIty or a non-land grant college of agriculture See instructions Enter the name, City, and state of the college or univerSIty 10 An organization that normally receives (1) more than 331/30/0 of its support from contributions, membership fees, and gross recalpts from actIVIties related to its exempt functions?subject to certain exceptions, and (2) no more than 331/30/0 of its support from gross investment income and unrelated bu5iness taxable income (less section 511 tax) from busmesses achIred by the organization after June 30, 1975 See section 509(a)(2). (Complete Part An organization organized and operated exc u5ive y to test for public safety See section 509(a)(4). I 11 12 An organization organized and operated exc u5ive y for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 129 Type I. A supporting organization operated, superVIsed, or controlled by its supported organization(s), typically by giVing the supported organization(s) the power to regularly appomt or elect a majority of the directors or trustees of the supporting organization You must complete Part IV, Sections A and B. Type II. A supporting organization superVIsed or controlled in connection With its supported organization(s), by havmg control or management of the supporting organization vested in the same persons that control or manage the supported organization(s) You must complete Part IV, Sections A and C. Type functionally integrated. A supporting organization operated in connection With, and functionally integrated With, its supported organization(s) (see instructions) You must complete Part IV, Sections A, D, and E. Type non-functionally integrated. A supporting organization operated in connection With its supported organization(s) that is not functionally integrated The organization generally must satisfy a distribution reqUIrement and an attentiveness reqUIrement (see instructions) You must complete Part IV, Sections A and D, and Part V. Check this box if the organization received a written determination from the IRS that it IS a Type I, Type II, Type functionally integrated, or Type non-functionally integrated supporting organization Enter the number of supported organizations 9 Prowde the followmg information about the supported organization(s) Name of supported (ii) EIN Type of (iv) Is the organization listed Amount of (vi) Amount of organization organization in your governing document? monetary support other support (see (described on lines (see instructions) instructions) 1- 10 above (see instructions)) Yes No Total For Paperwork Reduction Act Notice, see the Instructions for Cat No 11285F Schedule A (Form 990 or 990-EZ) 2018 Form 990 or 990-EZ. Schedule A (Form 990 or 990-EZ) 2018 Page 2 .5111. Support Schedule for Organizations Described in Sections and 170 (Complete only if you checked the box on line 5, 7, 8, or 9 of Part I or if the organization failed to qualify under Part If the organization fails to qualify under the tests listed below, please complete Part Section A. Public Support Calendar year (or fiscal year beginning in) (a)2014 (b)2015 (c)2016 2017 (e)2018 Total 1 Gifts, grants, contributions, and membership fees received (Do not Include any "unusual grant 2 Tax revenues IeVIed for the organization's bene?t and either paid to or expended on Its behalf 3 The value of serVIces or faCIlitieS Furnished by a governmental unit to the organization Without charge 4 Total. Add lines 1 through 3 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column 6 Public support. Subtract line 5 from line 4 Section B. Total Support Calendar year (or fiscal year beginning in) (a)2014 (b)2015 (c)2016 (d)2017 (e)2018 (f)Tota 7 Amounts from line 4 8 Gross income from interest, diVidends, payments received on securities loans, rents, royalties and income from Similar sources 9 Net income from unrelated busmess actIVItieS, whether or not the busmess is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI) 11 Total support. Add lines 7 through 10 12 Gross receipts from related actIVItieS, etc (see instructions) l12l 13 First five years. If the Form 990 iS for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here . . . . . Section C. Computation of Public upport Percentage 14 Public support percentage for 2018 (line 6, column diVided by line 11, column 15 Public support percentage for 2017 Schedule A, Part II, line 14 153 33 1/3?/o support test?2018. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box and stop here. The organization qualifies as a publicly supported organization 14 15 r-E] 33 1/3?/o support test?2017. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3?/o or more, check this box and stop here. The organization qualifies as a publicly supported organization 17a 10?lo-facts-and-circumstances test?2018. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-CIrcumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-CIrcumstances" test The organization qualifies as a publicly supported organization 10?lo-facts-and-circumstances test?2017. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-CIrcumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-CIrcumstances" test The organization qualifies as a publicly supported organization 13 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions va] Pl:l Pl:l Schedule A (Form 990 or 990-EZ) 2018 Schedule A (Form 990 or 990-EZ) 2018 Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If Page 3 the organization fails to qualify under the tests listed below, please complete Part II.) Section A. Public Support 1 7a 8 Calendar year (or fiscal year beginning in) Gifts, grants, contributions, and membership fees received (Do not include any "unusual grants Gross receipts from merchandise sold or serVIces performed, or faCIlities furnished In any actIVIty that is related to the organization's tax-exempt purpose Gross receipts from actIVIties that are not an unrelated trade or busmess under section 513 Tax revenues IeVIed for the organization's benefit and Either paid to or expended on its behalf The value of serVIces or faCIlities furnished by a governmental unit to the organization Without charge Total. Add lines 1 through 5 Amounts included on lines 1, 2, and 3 received from disqualified persons Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year Add lines 7a and 7b Public support. (Subtract line 7c from line 6 (a)2014 (b)2015 (0)2016 (d)2017 (e)2018 Total 1,913,401 1,865,105 1,688,884 1,117,269 1,469,783 8,054,442 98,930 102,751 160,033 146,539 155,421 663,674 2,012,331 1,967,856 1,848,917 1,263,808 1,625,204 8,718,116 124,658 133,251 141,425 116,000 200,850 716,184 124,658 133,251 141,425 116,000 200,850 716,184 8,001,932 Section B. Total Support 9 10a 12 13 14 Calendar year (or fiscal year beginning in) Amounts from line 6 Gross income from interest, diVidends, payments received on securities loans, rents, royalties and income from Similar sources Unrelated busmess taxable income (less section 511 taxes) from busmesses acquired after June 30, 1975 Add lines 10a and 10b Net income from unrelated busmess actIVIties not included in line 10b, whether or not the busmess is regularly carried on Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI Total support. (Add lines 9, 10c, 11, and 12 (a)2014 (b)2015 (c)2016 (d)2017 (e)2018 Total 2,012,331 1,967,856 1,848,917 1,263,808 1,625,204 8,718,116 426 3,277 25 15 3,317 2,015,679 1,968,025 1,849,000 1,263,900 1,625,255 8,721,859 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here Pl:l Section C. Computation of Public Support Percentage 15 16 Public support percentage for 2018 (line 8, column diVided by line 13, column Public support percentage from 2017 Schedule A, Part line 15 15 91 750 16 91 680 0/o Section D. Computation of Investment Income Percentage 17 18 Investment income percentage for 2018 (line 10c, column diVided by line 13, column Investment income percentage from 2017 Schedule A, Part line 17 193 331/3% support tests?2018. If the organization did not check the box on line 14, and line 15 is more than 33 and line 17 is not more than 33 check this box and stop here. The organization qualifies as a publicly supported organization 1/3?/o support tests?2017. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is 20 not more than 33 check this box and stop here. The organization qualifies as a publicly supported organization Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions r-E] Schedule A (Form 990 or 990-EZ) 2018 Schedule A (Form 990 or 990-EZ) 2018 Supporting Organizations (Complete only if you checked a box on line 12 of Part I If you checked 12a of Part I, complete Sections A and If you checked 12b of Part I, complete Sections A and If you checked 12c of Part I, complete Sections A, D, and If you checked 12d of Part I, complete Page 4 Sections A and D, and complete Part V) Section A. All Supporting Organizations the organization's supported organizations listed by name in the organization's governing documents? If ?No, describe in Part VI how the supported organizations are deSIgnated If deSIgnated by class or purpose, describe the desrgnation If historic and continUing relationship, explain Did the organization have any supported organization that does not have an IRS determination of status under section 509 1) or If "Yes, explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2) Did the organization have a supported organization described in section 501(c)(4), (5), or If ?Yes," answer and below 3a Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)7 If ?Yes, describe in Part VI when and how the organization made the determination 3b Did the organization ensure that all support to such organizations was used excluswely for section 170(c)(2)(B) purposes? If ?Yes, explain in Part VI what controls the organization put in place to ensure such use 3c Was any supported organization not organized in the United States ("foreign supported organization")? If "Yes? and if you checked 12a or 12b in Part I, answer and below Did the organization have ultimate control and discretion in deCIding whether to make grants to the foreign supported organization? If "Yes,? describe in Part VI how the organization had such control and discretion despite being controlled or superwsed by or in connection With its supported organizations 4b Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)7 If "Yes,? explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used excluswely for section 1 purposes 4c Did the organization add, substitute, or remove any supported organizations during the tax year? If "Yes, answer and below (if applicable) Also, prowde detail in Part VI, including the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, the authority under the organization '5 organiZing document authorizmg such action, and (iv) how the action was accomplished (such as by 5a amendment to the organizmg document) Type I or Type 11 only. Was any added or substituted supported organization part of a class already deSIgnated in the organization?s organizmg document? 5b Substitutions only. Was the substitution the result of an event beyond the organization's control? 5c Did the organization prowde support (whether in the form of grants or the prowsion of serVIces or faCIlities) to anyone other than its supported organizations, (ii) that are part of the charitable class benefited by one or more of its supported organizations, or other supporting organizations that also support or benefit one or more of the filing organization?s supported organizations? If "Yes,?prowde detail in Part VI. Did the organization prowde a grant, loan, compensation, or other Similar payment to a substantial contributor (defined in section a family member of a substantial contributor, or a 35% controlled entity With regard to a substantial contributor? If ?Yes,? complete Part I of Schedule (Form 990 or 990-EZ) Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 77 If "Yes,? complete Part I of Schedule (Form 990 or 990-EZ) Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or If ?Yes,? prowde detail in Part VI. 9a Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If "Yes,?prowde detail in Part VI. 9b Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If ?Yes, ?prowde detail in Part VI. 9c Was the organization subject to the excess bu5iness holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type non-functionally integrated supporting organizations)? If "Yes,? answer line 10b below 10a Did the organization have any excess busmess holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess busmess holdings) 10b Schedule A (Form 990 or 990-EZ) 2018 Schedule A (Form 990 or 990-EZ) 2018 Page 5 Supporting Organizations (continued) 11 a Yes No Has the organization accepted a gift or contribution from any of the followmg persons? A person who directly or indirectly controls, either alone or together With persons described In and below, the governing body of a supported organization? 11a A family member of a person described In above? 11b A 35% controlled entity of a person described In or above? If "Yes? to a, b, or c, prowde detail In Part VI 11c Section B. Type I Supporting Organizations Yes No Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appomt or elect at least a majority of the organization's directors or trustees at all times during the tax year? If "No, describe in Part VI how the supported organization(s) effectively operated, supervrsed, or controlled the organization ?5 actiVities If the organization had more than one supported organization, describe how the powers to appOint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If "Yes, explain In Part VI how prowding such benefit carried out the purposes of the supported organization(s) that operated, supervrsed or controlled the supporting organization Section C. Type 11 Supporting Organizations 1 Yes No Were a majority of the organization's directors or trustees during the tax year also a majority of the directors or trustees of each of the organization's supported organization(s)? If "No, describe in Part VI how control or management of the supporting organization was vested In the same persons that controlled or managed the supported organization(s) 1 Section D. All Type Supporting Organizations Yes No Did the organization prowde to each of its supported organizations, by the last day of the fifth month of the organization?s tax year, (I) a written notice describing the type and amount of support prOVIded durIng the prior tax year, (II) a copy of the Form 990 that was most recently filed as of the date of notification, and copies of the organization's governing documents in effect on the date of notification, to the extent not preVIously prowded" Were any of the organization?s officers, directors, or trustees either appomted or elected by the supported organization (5) or (ii) servmg on the governing body of a supported organization? If explain in Part VI how the organization maintained a close and continuous working relationship With the supported organization(s) By reason of the relationship described in (2), did the organization's supported organizations have a Significant v0ice In the organization?s Investment po ICIes and In directing the use of the organization?s Income or assets at all times during the tax year? If "Yes, describe In Part VI the role the organization?s supported organizations played in this regard Section E. Type Functionally-Integrated Supporting Organizations 1 Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions) a The organization satisfied the ActIVIties Test Complete line 2 below CI The organization is the parent of each of its supported organizations Complete line 3 below CI The organization supported a governmental entity Describe in Part VI how you supported a government entity (see Instructions) ActIVIties Test Answer and below. Yes No a Did substantially all of the organization?s actIVItIes during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responSIve? If "Yes," then in Part VI identify those supported organizations and explain how these actiwties directly furthered their exempt purposes, how the organization was responsrve to those supported organizations, and how the organization determined that these actiwties constituted substantially all of its actiwties 2a Did the actIVItIes described In constitute actIVIties that, but for the organization's involvement, one or more of the organization?s supported organization(s) would have been engaged in? If ?Yes," explain in Part VI the reasons for the organization ?5 pOSition that its supported organization(s) would have engaged in these actiwties but for the organization ?5 involvement 2b Parent of Supported Organizations Answer and below. a Did the organization have the power to regularly appomt or elect a majority of the officers, directors, or trustees of each of 3a the supported organizations? Provrde details in Part VI. Did the organizatIon exerCIse a substantial degree of direction over the programs and actIVItIes of each of its supported organizations? If ?Yes, describe in Part VI. the role played by the organization in this regard 3b Schedule A (Form 990 or 990-EZ) 2018 Schedule A (Form 990 or 990-EZ) 2018 Page 6 Type Non-Functionally Integrated 509(a)(3) Supporting Organizations 1 Check here If the organIzatIon satis?ed the Integral Part Test as a qualifying trust on Nov 20, 1970 (explain In Part VI) See instructions. All other Type non-functIonally Integrated supportIng organizations must complete Sections A through Section A - Adjusted Net Income (A) Pr'or Year currentYear (optIonal) Net short-term capItal gaIn Recoveries of prIor-year distributions Other gross Income (see instructions) Add lines 1 through 3 DepreCIatIon and depletion mthNI-l Portion of operating expenses paId or Incurred for production or collection of gross income or For management, conservation, or maIntenance of property held for production of Income (see instructions) \l Other expenses (see Instructions) Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) Section - Minimum Asset Amount (A) Prlor Year optIona 1 Aggregate fair market value of all non-exempt-use assets (see InstructIons for short tax year or assets held for part of year) 1 Average value of securItIes la Average cash balances 1b Fair market value of other non-exempt-use assets 1c Total (add Ines la, lb, and 1c) 1d Discount claImed for blockage or other Factors (explain In detail In Part VI) 2 AchISItion Indebtedness appIIcabIe to non-exempt use assets Subtract Ine 2 from line 1d .5 Cash deemed held for exempt use Enter 1-1/20/0 of Ine 3 (for greater amount, see InstructIons) Net value of non-exempt-use assets (subtract Ine 4 from line 3) Multiply line 5 by 035 Recoveries of prIor-year dIstrIbutIons Guam-h Minimum Asset Amount (add Ine 7 to ?me 6) Section - Distributable Amount Current Year Adjusted net Income for prIor year (from Section A, line 8, Column A) Enter 85% of line 1 MInImum asset amount for prior year (from Section B, line 8, Column A) Enter greater of line 2 or line 3 Income tax Imposed In prIor year mW-bWNl-l aim-DWNI-l Distributable Amount. Subtract line 5 from lIne 4, unless subject to emergency temporary reductIon (see InstructIons) \l Check here If the current year IS the organization?s ?rst as a non-functionaIIy-Integrated Type supportIng organIzatIon (see InstructIons) Schedule A (Form 990 or 990-EZ) 2018 Schedule A (Form 990 or 990-EZ) 2018 Page 7 Type Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued) Section - Distributions Current Year 1 Amounts paid to supported organizations to accomplish exempt purposes Amounts paid to perform actIVIty that directly furthers exempt purposes of supported organizations, In excess of income from actiwty Administrative expenses paid to accomplish exempt purposes of supported organizations Amounts paid to achIre exempt-use assets Qualified set-aSIde amounts (prior IRS approval reqUIred) Other distributions (describe in Part VI) See instructions Total annual distributions. Add lines 1 through 6 ?~10!th details in Part VI) See instructions Distributions to attentive supported organizations to which the organization is responswe (prowde 9 Distributable amount for 2018 from Section C, line 6 10 Line 8 amount diVided by Line 9 amount Section - Distribution Allocations (see instructions) 0) Excess Distributions (ii) Underdistributions Distributable Pre-2018 Amount for 2018 1 Distributable amount for 2018 from Section C, line 6 2 Underdistributions, if any, for years prior to 2018 (reasonable cause reqUIred-- explain in Part VI) See instructions 3 Excess distributions carryover, if any, to 2018 a From 2013. From 2014. From 2015. From 2016. From 2017. Total of lines 3a through 9 Applied to underdistributions of prior years Applied to 2018 distributable amount i Carryover from 2013 not applied (see instructions) Remainder Subtract lines 39, 3h, and 3i from 3f 4 Distributions for 2018 from Section D, line 7 a Applied to underdistributions of prior years Applied to 2018 distributable amount Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions for years prior to 2018, if any Subtract lines 39 and 4a from line 2 If the amount IS greater than zero, explain in Part VI See instructions 6 Remaining underdistributions for 2018 Subtract lines 3h and 4b from line 1 If the amount is greater than zero, explain in Part VI See instructions 7 Excess distributions carryover to 2019. Add lines 3] and 4c 8 Breakdown of line 7 Excess from 20 14. Excess from 2015. Excess from 2016. Excess from 2017. Excess from 2018. Schedule A (Form 990 or 990-EZ) (2018) Schedule A (Form 990 or 990-EZ) 2018 Page 8 Supplemental Information. Prowde the explanations reqUIred by Part II, line 10, Part II, line 17a or 17b, Part line 12, Part IV, Section A, lines 9a, 9b, 9c, 11a, 11b, and 11c, Part IV, Section B, lines 1 and 2, Part IV, Section C, line 1, Part IV, Section D, lines 2 and 3, Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b, Part V, line 1, Part V, Section B, line 1e, Part Section D, lines 5, 6, and 8, and Part V, Section E, lmes 2, 5, and 6 Also complete this part for any additional Information (See instructions) Facts And Circumstances Test 990 Schedule A, Supplemental Information Return Reference Explanation PART LINE 12 MISCELLANEOUS INCOME 3,317 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - SCHEDULE (Form 990) Department of the Trensiin Internal Re\ enue Sen lCt?. Supplemental Financial Statements OMB No 1545-0047 Complete if the organization answered "Yes," on Form 990, 2 0 1 8 Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. Attach to Form 990. Go to for the latest information. Open to Public Inspection Name of the organization THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC Employer identification number 59-281 1908 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. Total number at end of year Aggregate value at end of year Aggregate value of contributions to (during year) Aggregate value of grants from (during year) Donor adVIsed funds (b)Funds and other accounts organization?s property, subject to the organization?s excluswe legal control? Did the organization inform all donors and donor adVisors in writing that the assets held in donor adVised funds are the l:l Yes l:l No 6 Did the organization inform all grantees, donors, and donor adVIsors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor adVIsor, or for any other purpose conferring impermISSIble private benefit? l:l Yes l:l No Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7. 1 Purpose(s) of conservation easements held by the organization (check all that apply) l:l Preservation of land for public use (e recreation or education) l:l Preservation of an historically important land area l:l Protection of natural habitat l:l Preservation of a certified historic structure l:l Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year Held at the End of the Year a Total number of conservation easements 2a Total acreage restricted by conservation easements 2b Number of conservation easements on a certified historic structure included in 2c Number of conservation easements included in achIred after 7/25/06, and not on a historic 2d structure listed in the National Register 3 Number of conservation easements modified, transferred, released, or terminated by the organization during the tax year Number of states where property subject to conservation easement is located 5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of Violations, and enforcement of the conservation easements it holds? l:l Yes l:l No 6 Staff and volunteer hours devoted to monitoring, inspecting, handling of Violations, and enforcmg conservation easements during the year 7 Amount of expenses incurred in monitoring, inspecting, handling of Violations, and enforCIng conservation easements during the year 8 Does each conservation easement reported on line 2(d) above satisfy the reqUIrements of section and section l:l Yes l:l No 9 In Part describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization?s finanCIal statements that describes the organization's accounting for conservation easements Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line 8. 1a If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other Similar assets held for public exhibition, education, or research in furtherance of public serVIce, pr0Vide, in Part the text of the footnote to its finanCIal statements that describes these items If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public serVIce, prowde the followmg amounts relating to these items Revenue included on Form 990, Part line 1 (li)Assets included in Form 990, Part 2 If the organization received or held works of art, historical treasures, or other Similar assets for finanCIal gain, prOVide the followmg amounts reqUIred to be reported under SFAS 116 (ASC 958) relating to these items a Revenue included on Form 990, Part line 1 Assets included in Form 990, Part For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat No 52283D Schedule (Form 990) 2018 Schedule (Form 990) 2018 Page 2 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) 3 Usmg the organIzatIon's achISItion, and other records, check any of the followmg that are a SignIfIcant use of Its collection Items (check all that apply) l:l Public exhibitIon l:l Loan or exchange programs l:l Other l:l Scholarly research l:l Preservation for future generations a description of the organIzatiori's collections and explain how they further the organization?s exempt purpose In Part During the year, dId the organization so ICIt or receive donations of art, historical treasures or other assets to be sold to raise funds rather than to be maintaIned as part of the organization?s collection? l:l Yes l:l No Escrow and Custodial Arrangements. Complete If the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. 1a 2a Is the organization an agent, trustee, custodian or other Intermediary for contributions or other assets riot Included on Form 990, Part l:l Yes l:l No If "Yes," explaIn the arrangement In Part and complete the followmg table Amount Beginning balance 1c AddItIons durIng the year 1d Distributions durIng the year 1e EndIng balance 1f Did the organizatIon Include an amount on Form 990, Part X, line 21, for escrow or custodIal account lIability7 . . . Yes No If "Yes," explaIri the arrangement In Part Check here If the explanatIon has been prOVIded In Part . . . . l:l Endowment Funds. Complete If the organIzatIon answered "Yes" on Form 990, Part IV, Ine 10. 1a 00.05" -h 3a 4 (a)Current year (b)PrIor year (c)Two years back (d)Three years back (e)Four years back BegInnIng of year balance ContrIbutIons Net Investment earnings, gains, and losses Grants or scholarships Other expendItures for faCIlitIes and programs AdmInistrative expenses End of year balance the estImated percentage of the current year end balance (line 1g, column held as Board deSIgnated or quaSI-endowment Permanent endowment TemporarIly restrIcted endowment The percentages on lInes 2a, 2b, and 2c should equal 100% Are there endowment funds not In the posseSSIon of the organizatIon that are held and admInistered for the organization by unrelated organizations Yes No 3a(i) (ii) related organizations . . . . . . . . . . . . . . . . 3a(ii) If "Yes" on are the related organIzations Isted as reqUIred on Schedule Describe In Part the Intended uses of the organIzation's endowment funds Land, Buildings, and Equipment. Complete If the or anIzatIon answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10. Description of property Cost or other Cost or other (other) Accumulated depreCIatIon Book value (Investment) 1a Land 345,266 345,266 BUIldIngs 1,386,007 256,953 1,129,054 Leasehold Improvements Equ pment 241,911 233,568 8,343 Other . . . Total. Add lines 1a through 1e (Column must equal Form 990, Part X, column (B), line 10(c)) . . 1,482,663 Schedule (Form 990) 2018 Schedule (Form 990) 2018 Page 3 Investments?Other Securities. Complete if the organization answered ?Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12. Description of security or category Method of valuation (Including name of security) Book Cost or end-of-year market value value (1) FinanCIal derivatives (2) Closely-held eqUIty interests (3)Other (A) (B) (C) (D) (E) (F) (G) (H) Total. (Column must equal FONT) 990, Part X, col (B) line 12 Investments?Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13. Description of investment Book value Method of valuation Cost or end-of-year market value (1) (2) (3) (4) (5) (6) (7) (3) (9) Total. (Column must equal Falm 990, Part X, col (B) line 13) Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d See Form 990, Part X, line 15 Description Book value (1) (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column must equal Form 990, Part X, col (B) line 15Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25. 1. Description of liability Book value (1) Federal income taxes Total. (Column must equal FONT) 990, Part X, col (B) line 25) I 2. Liability for uncertain tax p05itions In Part prowde the text of the footnote to the organization's finanCIal statements that reports the organization's liability for uncertain tax p05itions under FIN 48 (ASC 740) Check here if the text of the footnote has been prowded in Part Schedule (Form 990) 2018 Schedule (Form 990) 2018 Page 4 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete If the organIzatIon answered 'Yes' on Form 990, Part IV, Ine 12a. 1 Total revenue, gaIns, and other support per audIted fInanCIal statements . . . . . . . 1 1,629,084 2 Amounts Included on Ine 1 but not on Form 990, Part Ine 12 a Net unrealized gaIns (losses) on Investments . . . . 2a Donated serVIces and use of faCIlItIes . . . . . . . . . 2b 3,829 RecoverIes of prIor year grants . . . . . . . . . . . 2c Other (DescrIbe In Part . . . . . . . . . . . . 2d 109,370 Add Ines 2a through 113,199 3 Subtract Ine 2e from Ine 1,515,885 Amounts Included on Form 990, Part Ine 12, but not on Ine 1 a Investment expenses not Included on Form 990, Part Ine 7b . 4a Other (DescrIbe In Part . . . . . . . . . . . 4b Add Ines Total revenue Add Ines 3 and 4c. (ThIs must equal Form 990, Part I Ine 12 . . . . 5 1,515,885 Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete If the organIzatIon answered 'Yes' on Form 990, Part IV, Ine 12a. Total expenses and losses per audIted FInanCIal statements . . . . . . . . . . . 1 1,724,774 2 Amounts Included on Ine 1 but not on Form 990, Part IX, Ine 25 a Donated serVIces and use 3,829 PrIor year adjustments . . . . . . . . . . . . 2b Other losses . . . . . . . . . . . . . . . . 2c Other (DescrIbe In Part . . . . . . . . . . . . 2d 109,370 Add Ines 2a through 113,199 3 Subtract Ine 2e from Ine 1,611,575 Amounts Included on Form 990, Part IX, Ine 25, but not on Ine 1: a Investment expenses not Included on Form 990, Part Ine 7b . . 4a Other (DescrIbe In Part . . . . . . . . . . . . 4b Add Ines Total expenses Add Ines 3 and 4c. (ThIs must equal Form 990, Part I, Ine 1,611,575 Supplemental Information the descrIptIons reqUIred for Part II, Ines 3, 5, and 9, Part Ines 1a and 4, Part IV, Ines 1b and 2b, Part V, Ine 4, Part X, Ine 2, Part XI, Ines 2d and 4b, and Part XII, Ines 2d and 4b Also complete thIs part to prowde any addItIonal InformatIon Return Reference ExplanatIon See AddItIonal Data Table Schedule (Form 990) 2018 Schedule (Form 990) 2018 Page 5 Supplemental Information (continued) Return Reference Explanation Schedule (Form 990) 2018 Additional Data Supplemental Information Software ID: Software Version: EIN: 59-2811908 Name: THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC Return Reference Explanation SCHEDULE D, PAGE 3, PART THE INTERNAL REVENUE SERVICE HAS DETERMINED THE INSTITUTE IS AN ORGANIZATION EXEMPT FROM AX UNDER SECTION THE FINAL RULING BY THE INTERNAL REVENUE SERVICE, DATED MAY 12 1992, STATED THE INSTITUTE IS A PUBLICLY SUPPORTED ORGANIZATION EXEMPT FROM FEDERAL INCO ME TAX UNDER SECTION AND IS NOT A PRIVATE FOUNDATION THE FORM 990 AS NOT BEEN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE STATE OF FLORIDA FOR THE LAST THREE YEARS THE INSTITUTE DOES NOT ANTICIPATE THE TOTAL AMOUNT OF UNRECOGNI ZED TAX BENEFITS TO SIGNIFICANTLY CHANGE WITHIN THE NEXT TWELVE MONTHS THE INSTITUTE RECO GNIZES INTEREST PENALTIES RELATED TO INCOME TAX MANNERS IN INCOME TAX EXPENSE THE INSTITUTE DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST PENALTIES AT OCTOBER 31, 20 18 AND OCTOBER 31, 2017 Supplemental Information Return Reference Explanation SCHEDULE D, PAGE 4, PART XI, FUNDRAISING EXPENSES 109,370 LINE 2D Supplemental Information Return Reference Explanation SCHEDULE D, PAGE 4, PART XII, FUNDRAISING EXPENSES 109,370 LINE 2D Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - ?t??gtiggo?) Supplemental Information Regarding Fundraising or Gaming Activities Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 63 ?Attach to Form 990 or Form 990-EZ. to gov/Form990 for Instructions and the latest information Department of the Trensun Iiitemnl Re\ critic Sen ice OMB No 1545-0047 2018 Inspection Name of the organization THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC 59-2811908 Employer identification number Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17. Form 990-EZ filers are not required to complete this part. 1 Indicate whether the organization raised funds through any of the followmg actIVIties Check all that apply a El Mail solidtations SoliCitation of non-government grants Internet and email soliatations SoliCitation of government grants Phone soliatations SpeCIaIfundraismg events In-person soIICItations 2a Did the organization have a written or oral agreement With any indiViduaI (including officers, directors, trustees or key employees listed in Form 990, Part VII) or entity in connection With professmnal fundraismg serVIces?? DYes No If "Yes," list the ten highest paid indiViduals or entities (fundraisers) pursuant to agreements under which the fundraiser is to be compensated at least $5,000 by the organization Name and address of indiVidual (ii) ActIVIty Did (iv) Gross receipts Amount paid to (vi) Amount paid to or entity (fundraiser) fundraiser have from actIVIty (or retained by) (or retained by) 0F fundraiser listed in organization control of col contributions? Yes No Total 3 List all states in which the organization is registered or licensed to contributions or has been notified it is exempt from registration or licensmg For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Cat No 50083H Schedule (Form 990 or 990-EZ) 2018 Schedule (Form 990 or 990-EZ) 2018 Page 2 Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraismg event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events With gross receipts greater than $5,000. (a)Event #1 ANNUAL DINNERS Event #2 (c)0ther events Total events (add col through (event type) (event type) (total number) col G) G) 3 ross recap . Less Contributions . 3 Gross income (line 1 minus line 2) 109,370 109,370 4 Cash prizes 5 Noncash prizes (L: 6 Rent/faCIlity costs 53,628 53,628 (D S- 7 Food and beverages 17,853 17.853 5 3 Entertainment 31,777 31,777 (I) 5 9 Other direct expenses 5,112 5,112 10 Direct expense summary Add lines 4 through 9 in column 109370 11 Net income summary Subtract line 10 from line 3, column Gaming. Complete if the organization answered ?Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a. OJ - Pull tabs/Instant Total gaming (add a Bingo bingo/progresswe bingo Other gaming col through col 82 1 Gross revenue . or 2 Cash prizes 3 3 Noncash prizes 8.5 4 Rent/faCIlity costs 5 5 Other direct expenses lVolunteer labor No No No 7 Direct expense summary Add lines 2 through 5 in column 3 Net gaming income summary Subtract line 7 From line 1, column 9 Enter the state(s) in which the organization conducts gaming actIVIties Is the organization licensed to conduct gaming actIVIties in each of these states? I: Yes No If explain 103 Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? Yes El No If "Yes," explain Schedule (Form 990 or 990-EZ) 2018 Schedule (Form 990 or 990-EZ) 2018 Page 3 11 Does the organization conduct gaming actIVIties With nonmembersthe organization a grantor, bene?CIary or trustee of a trust or a member of a partnership or other entity formed to administer charitable gaming? Yes No 13 Indicate the percentage of gaming actIVIty conducted in a The organization's faCIlity 13a An out5ide faCIlity 13b 14 Enter the name and address of the person who prepares the organization?s gaming/special events books and records Name Address 153 Does the organization have a contract With a third party from whom the organization receives gaming revenue? l:lYes l:lNo If "Yes," enter the amount of gaming revenue received by the organization ?33 and the amount of gaming revenue retained by the third party If "Yes," enter name and address of the third party Name Address 16 Gaming manager information Name Gaming manager compensation Description of serVIces prowded l:l Director/officer l:l Employee l:l Independent contractor 17 Mandatory distributions 3 Is the organization required under state law to make charitable distributions From the gaming proceeds to retain the state gaming license? l:lYes No Enter the amount of distributions reqUIred under state law distributed to other exempt organizations or spent in the organization's own exempt actIVIties during the tax year Supplemental Information. Prowde the explanations reqwred by Part I, line 2b, columns and and Part lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also prowde any additional information. See instructions. Return Reference Explanation Schedule (Form 990 or 990-EZ) 2018 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93493248003019I Schedule Compensation Information OMB No 1545-0047 (Form 990) For certain Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 2 0 1 8 Complete if the organization answered "Yes" on Form 990, Part IV, line 23. Attach to Form 990. Department ot?the Trensun Go to for instructions and the latest information. Iiilemnl enue Senice Ins I ection Name of the organization Employer identification number THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC 59-2811908 Questions Regarding Compensation Yes No 1a Check the approplate box(es) if the organization prowded any of the followmg to or for a person listed on Form 990, Part VII, Section A, line 1a Complete Part to prowde any relevant information regarding these items El First-class or charter travel Hou5ing allowance or re5idence for personal use El Travel for companions El Payments for business use of personal reSIdence El Tax idemnification and gross-up payments El Health or club dues or initiation fees El Discretionary spending account Personal serVIces (e maid, chauffeur, chef) If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or raimbursement or prowsmn of all of the expenses described above? If complete Part to explain 1b 2 Did the organization reqUIre substantiation prior to reimbursmg or allowmg expenses incurred by all 2 directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? 3 Indicate which, if any, of the followmg the filing organization used to establish the compensation of the organization?s CEO/Executive Director Check all that apply Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part El Compensation committee El Written employment contract El Independent compensation consultant El Compensation survey or study El Form 990 of other organizations Approval by the board or compensation committee 4 During the year, did any person listed on Form 990, Part VII, Section A, line 1a, With respect to the filing organization or a related organization a Receive a severance payment or change-of-control payment? 4a No PartICIpate in, or receive payment from, a supplemental nonqualified retirement plan? 4b No PartICIpate in, or receive payment from, an eqUIty-based compensation arrangement? 4c No If "Yes" to any of lines 4a-c, list the persons and prowde the applicable amounts for each item in Part Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9. 5 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the revenues of a The organization? Sa No Any related organization? 5b No If "Yes," on line 5a or 5b, describe in Part 6 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the net earnings of a The organization? 6a No Any related organization? 6b No If "Yes," on line 6a or 6b, describe in Part 7 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization prowde any nonfixed payments not described in lines 5 and 67 If "Yes," describe in Part 7 No 8 Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was subject to the initial contract exception described in Regulations section 53 If "Yes," describe in Part 8 No 9 If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53 9 For Paperwork Reduction Act Notice. see the Instructions for Form 990. Cat No 50053T Schedule (Form 990) 2018 ScheduleJ (Form 990) 2018 Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. For each indiVidual whose compensation must be reported on Schedule J, report compensation from the organization on row and from related organizations, described in the instructions, on row (ii) Do not list any indiViduals that are not listed on Form 990, Part VII for each listed indIVIdual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that indIVIduaI Note. The sum of columns (B Page 2 (A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and (D) Nontaxable (E) Total of columns (F) Compensation in Base (ii) Bonus incentive Other other deferred benefits COlUan (B) reported compensation compensation reportable compensation as deferred on prior compensation Form 990 1 JROBERT MCCLURE 200,000 44,531 10,000 9,520 254,159 PRESIDENT 8i CEO (ii) Schedule (Form 990) 2018 Schedule (Form 990) 2018 Page 3 Supplemental Information Prowde the Information, explanation, or descriptions reqUIred for Part I, IInes 1aand for Part II Also complete this part for any additional information Schedule (Form 990} 2018 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - Schedule Transactions With Interested Persons (Form 990 or Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b. Attach to Form 990 or Form 990-EZ. to for the latest information. OMB No 1545-0047 Open to Public Ins ection Employer identification number Department of the Trensun Iiitemnl Re\ enue Sen ice Name of the organization THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC 59-2811908 Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only) Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b 1 Name of disqualified person Relationship between disqualified person and Description of organization transaction Co rrected 7 No Yes 2 Enter the amount of tax incurred by organization managers or disquali?ed persons during the year under section 4958 . 3 Enter the amount of tax, If any, on line 2, above, reimbursed by the organization . Loans to and/or From Interested Persons. Complete If the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26, or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22 Name of Relationship Purpose Loan to or from the (e)Origina (f)Ba ance In (i)Written Interested person With organization of loan organization? prinCIpal due default? Approved by agreement? amount board or committee? To From Yes No Yes No Yes No (1) BOARD BRIDGE 200,000 85.000 No No No ALLAN BENSE DIRECTOR LOAN (2) CURRENT BRIDGE 100,000 28,500 No No No GLEN BLAUCH OFFICER LOAN Total 113,500 Grants or Assistance Benefiting Interested Persons. Complete if the organization answered "Yes" on Form 990, Part IV, line 27. Name of Interested person Relationship between interested person and the organization Amount of a55istance Type of a55Istance Purpose of a55istance For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Cat No 50056A Schedule (Form 990 or 990-EZ) 2018 Schedule (Form 990 or 990-EZ) 2018 Page 2 Business Transactions Involving Interested Persons. Complete If the organlzatlon answered "Yes" on Form 990, Part IV, Ilne 28a, 28b, or 28c. Name of Interested person Amount of of transactlon Sharing between Interested transactlon of person and the organization's organization revenues? Yes No Supplemental Information Prowde Information for responses to questlons on Schedule (see Instructlons) Return Reference Explanation Schedule {Form 990 or 990-EZ) 2018 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93493248003019I OMB No 1545-0047 SCHEDULE 0 Supplemental Information to Form 990 or 990-EZ (Form 990 0r 990' Complete to provide information for responses to specific questions on 2 0 1 8 El) Form 990 or 990-EZ or to provide any additional information. Attach to Form 990 or 990-EZ. Open to Public ot?the Tremun Go to for the latest information. mlB?thelb?gIaMIZatlon Employer identification number THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC 59-281 1908 990 Schedule 0, Supplemental Information Return Explanatlon Reference FORM 990, RESEARCHERS PRODUCE INDEPENDENT, NON-PARTISAN REPORTS TO INFORM THE CITIZENS OF FLORIDA AB PAGE 2, OUT IDEAS THAT ARE ROOTED IN A BELIEF IN THE CONSTITUTION AND SUCH TIMELESS IDEALS AS PART LIMITED GOVERNMENT, ECONOMIC FREEDOM, FEDERALISM, AND INDIVIDUAL LIBERTY COUPLED WITH IND LINE 4A IVIDUAL RESPONSIBILITY THESE REPORTS INCLUDE TWO EDITIONS OF THE JOURNAL OF THE JAMES MAD ISON INSTITUTE, THREE ISSUES OF POLICY BRIEFS, ONE ISSUE OF THE MESSENGER DITION OF THE ISSUE COMMENTARY, ONE LEGISLATIVE TAX DAY SURVEY, ONE AMENDMENT GUIDE, ONE ELECTION 2018 ANALYSIS, BIWEEKLY EMAILS, AND MULTIPLE, ADDITIONAL, INCIDENTAL UBLICATIONS AS NEEDED THESE PUBLICATIONS ARE ROUTINELY DISTRIBUTED TO INSTITUTE MEMBERS, LEGISLATORS, POLICY MAKERS, AND MEDIA, AS WELL AS MADE AVAILABLE TO THE GENERAL PUBLIC AT EVENTS, ON THEIR UPON REQUEST 990 Schedule 0, Supplemental Information Return Explanation Reference FORM 990, THE CONFLICT OF INTEREST POLICY FORBIDS INCENTIVES OR GIFTS TO BE OFFERED PART VI 0 POTENTIAL MEMBERS. AND THEY MAY NOT ACCEPT GIFTS IN ORDER TO GAIN BUSINESS EMPLOYEES AR DISCOURAGED FROM ENGAGING IN OTHER EMPLOYMENT DURING THEIR OFF-DUTY HOURS AND MUST INFOR AND HAVE AUTHORIZATON FROM THE TO HOLD A SECOND JOB 990 Schedule 0, Supplemental Information Return Explanation Reference FORM 990, A DRAFT OF FORM 990 IS EMAILED TO THE BOARD CHAIRMAN AND PRESIDENT AND CEO, TO REVIEW, BEFORE THE PAGE 6, RETURN IS FILED PART VI, LINE 118 990 Schedule 0, Supplemental Information Return Explanation Reference FORM 990, ANNUALLY, MEMBERS OF THE BOARD OF DIRECTORS AND STAFF OF THE JAMES MADISON INSTITUTE ARE PAGE 6, EQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN TO AFFIRM THEY WERE UNAWARE OF PART VI, ANY CONFLICT OF INTEREST IF THEY WERE AWARE OF ANY CONFLICTS, THEY ARE TO DISCLOSE ANY PO LINE 120 TENTIAL CONFLICTS TO THE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE CEO 990 Schedule 0, Supplemental Information Return Explanation Reference FORM 990, A COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF ALL OFFICERS AND KEY PAGE 6, EMPLOYEES PART VI, LINE 15A 990 Schedule 0, Supplemental Information Return Explanation Reference FORM 990, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC PAGE 6. UPON REQUEST PART VI, LINE 19 990 Schedule 0, Supplemental Information Return Explanation Reference FORM 990, FUNDRAISING EXPENSES 109,370 FUNDRAISING EXPENSES 409,370 PART XI, LINE 9 990 Schedule 0, Supplemental Information Return Explanation Reference FORM 990, AN AUDIT COMMITTEE IS IN CHARGE OF SELECTING AND OVERSEEING THE WORK OF INDEPENDENT AUDITORS OF PART XII THE FINANCIAL STATEMENTS