Iefile GRAPHIC print - DO NOT PROCESS IAs Filed Data - Form990 Department of th Internal Revenue Servrce foundations) Treasury DLN: Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private Ir Do not enter security numbers on this form as it may be made public II- Information about Form 990 and Its Instructions is at 93493244010896I OMB No 1545-0047 2015 Open to Public Inspection A For the 2015 calendar year, or tax year beginning 01-01-2015 Check if applicable Address change Name change Initial retu rn Final return/terminated Amended Applicatio and ending 12-31-2015 Name of organization THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC Domg busmess as Employer identification number 59-2811908 Number and street (or 0 box if mail is not delivered to street address) PO BOX 10150 Room/swte (850)386 Telephone number -3131 return City or town, state or provmce, country, and ZIP or foreign postal code TALLAHASSEE, FL 32302 pending Name and address of prinCIpal officer ROBERT MCCLURE 100 NORTH DUVAL STREET 32301 I Tax?exem pt status l7 501(c)(3) l? 501(c)( I (insert no) 4947(a)(1) or 527 Website:II- JAMESMADISON ORG Gross receipts 1,865,274 H(a) Is this a group return for subordinates? H(b) Are all subordinates included? I_Yes I_Yes _No If"No," attach a list (see instructions) Group exemption number Ir Form of organization '7 Corporation Trust Other Summary I 1Brief y describe the organization's missmn or most Significant actIVIties THE MISSION OFTHE JAMES MADISON INSTITUTE IS TO INFO RM THE CITIZENS OF FLORIDA ABOUT THEIR GOVERNMENT AND TO ENSURE THE FUTURE OF THE STATE BY ADVANCING FREE-MARKET IDEAS PERTAINING TO THE SSUES OF PUBLIC POLICY Year of formation 1987 State of legal domICIIe FL a 2 Check this box ifthe organization discontinued its operations or disposed of more than 25% ofits net assets 35 3 Number ofvoting members ofthe governing body (Part VI, line 1a) 3 12 4 Number ofindependent voting members of the governing body (Part VI, line 1b) 4 11 5 Total numberofindIVIduals employed in calendar year2015 (Part V, ine 2a) 5 22 6 Total number ofvolunteers (estimate if necessary) 6 11 7a Total unrelated busmess revenue from Part column (C), line 12 7a 0 Net unrelated busmess taxable income from Form 34 7b Prior Year Current Year 8 Contributions and grants 1h) 1,811,194 1,762,354 9 Program serVIce revenue 29) 98,930 102,751 10 3,4,and 7d 71 169 I: 11 5,6d,8c,9c,10c,and 11e) 3,277 0 12 revenue?add lines 8 through 11 (must equal Part column (A), line 1,913,472 1,865,274 13 Grants and Similar amounts paid (Part IX, column (A), lines 1?3) 14 Benefits paid to orfor members (Part IX, column (A), line 4) 15 benefits (PartIX,co umn (A), lines 1,008,392 1,219,497 16a Professmnalfundraismg fees (PartIX,co umn 11e) . 0 Total fundraismg expenses (Part IX, column (D), line 25) #1121183 17 Otherexpenses 11a?11d,11f?24e) 673,124 812,109 18 Totalexpenses Addlines 13?17 (must 25) 1,681,516 2,031,606 19 Revenue less expenses Subtract line 18 from line 12 231,956 -166,332 Beginning of Current Year End of Year ?g 20 Totalassets (Part X, ine 16) 1,989,215 1,960,354 3E 21 Totalliabilities (Part X, ine 26) 479,571 640,255 Eli 22 Net assets orfund balances Subtract line 21 from line 20 1,509,644 1,320,099 Signature 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 2016?09?02 - Si nature of officer Date Sign 9 Here ROBERT MCCLURE PRESIDENT CEO Type or print name and title Print/Type preparer's name Preparer?s Signature Date Check ,f PTIN 'd MATTHEW HANSARD MATTHEW HANSARD 2016?08?25 5e f_employed P00273516 al FiiTTi's name THOMSON BROCK LUGER COMPANY FiiTTi's EIN 20?2259573 Preparer Firm's address #3756 CAPITAL CIR NE Phone no (850) 385?7444 Use Only TALLAHASSEE, FL 323083736 May the IRS discuss this return With the preparer shown above? (see instructions) . I7Yes For Paperwork Reduction Act Notice, see the separate instructionsForm990(2 0 1 5) Form 990(2015) Page2 Statement of Program Service Accomplishments 1 Check ifSchedule 0 contains a response or note to any line In this . . . . . . . . . . . . . .I7 Briefly describe the organization?s missmn THE MISSION OFTHE 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 the priorForm990 or990-EZI_Yes 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 _YesI7No If "Yes," describe these changes on Schedule 0 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 ofgrants and allocations to others, the total expenses, and revenue, ifany, for each program serVIce reported 4a (Code (Expenses 1,233,942 including grants of (Revenue RESEARCHERS PRODUCE INDEPENDENT, 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 JAM ES MADISON INSTITUTE, THREE ISSUES OF POLICY BRIEFS, TWO ISSUES OF THE MESSENGER NEWSLETTER, MULTIPLE, ADDITIONAL, INCIDENTAL PUBLICATIONS AS NEEDED, BIWEEKLY EMAILS, AND TWO EDITIONS OF THE ISSUE COMMENTARY THESE PUBLICATIONS ARE ROUTINELY DISTRIBUTED T0 INSTITUTE MEMBERS, LEGISLATORS, POLICY MAKERS, AND MEDIA, AS WELL AS MADE AVAILABLE TO THE GENERAL PUBLIC AT EVENTS, ON THEIR WEBSITE, OR UPON REQUEST 4b (Code (Expenses 223,171 including grants of (Revenue 102,751 IN 2015, JMI HELD THEIR SIGNATURE EVENTS IN TALLAHASSEE, NAPLES, AND ORLANDO THE INSTITUTE HELD 18 REGIONAL MEMBER EVENTS 50 EVENTS FOR STUDENTS NEW EVENTS FOR 2015 INCLUDED CFO JEFF ATWATER THRIFT WEEK LUNCH, RUPE DEBATE, AND HOLIDAY OPEN HOUSE 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, NETWORKING, ETC 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 Form 990 (2015) Fonn990(2015) Page 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," Yes complete ScheduleA 1 Is the organization reqUIred to complete Schedule 3, Schedule of Contributors (see instructions)? 2 YES Did the organization engage in direct or indirect political campaign actIVIties on behalf ofor in opp05ition to No candidates for public office? If "Yes," complete Schedule C, Part I 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 II . 4 NO Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or Similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part 5 0 Did the organization maintain any donor adVIsed funds or any Similarfunds or accounts for which donors have the right to prowde adVIce on the distribution or investment ofamounts in such funds or accounts? If "Yes," complete Schedule D, Part I 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 II 7 0 Did the organization maintain collections ofworks ofart, historical treasures, or other Similar assets? 8 NO If Yes, complete Schedule D, Part Did the organization report an amount in Part X, line 21 for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or prowde credit counseling, 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 endowments20a permanent endowments, or quaSI-endowments? If "Yes," complete Schedule D, Part Ifthe organization?s answerto any ofthe followmg questions is "Yes," then complete Schedule D, Parts VI, VII, IX, or as applicable Did the organization report an amount for land, and eqUIpment in Part X, line 10? If "Yes," complete Schedule D, Part VI. . Did the organization report an amount for investments?other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes,? complete Schedule D, Part VII Did the organization report an amount for investments?program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes,? complete Schedule D, Part Did the organization report an amount for other assets in Part X, line 15 that is 5% or more ofits total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, PartX Did the organization's separate or consolidated finanCIal statements for the tax year include a footnote that addresses the organization's liability for uncertain tax p05itions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part Did the organization obtain separate, independent audited finanCIal statements for the tax year? If "Yes," complete Schedule D, Parts XI and XII '5 Was the organization included in consolidated, independent audited finanCIal statements for the tax year? If "Yes," and If the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII lS optional Is the organization a school described in section If "Yes,?complete ScheduleE Did the organization maintain an office, employees, or agents outSIde ofthe United States? Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraismg, busmess, investment, and program serVIce actIVIties outSIde the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes,"complete Schedule F, Parts I and IV . Did the organization report on Part IX, column (A), line 3, more than $5,000 ofgrants or other a55istance to or for any foreign organization? If ?Yes,? complete Schedule F, Parts II and IV . Did the organization report on Part IX, column (A), line 3, more than $5,000 ofaggregate grants or other a55istance to orforforeign indIVIduals? If ?Yes,?complete ScheduleF, Parts and IV . Did the organization report a total of more than $15,000 ofexpenses for professmnal fundraismg serVIces on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) Did the organization report more than $15,000 total offundraismg event gross income and contributions on Part lines 1c and 8a? If "Yes,"complete Schedule G, Part II Did the organization report more than $15,000 ofgross income from gaming actIVIties on Part line 9a? If "Yes, complete Schedule G, Part Did the organization operate one or more hospital faCIlities? If "Yes,"complete ScheduleH If "Yes" to line 20a, did the organization attach a copy of its audited finanCIal statements to this return20b Forn1990(2015) Form 990(2015) Page4 Part IV Checklist of Required Schedules (continued) 21 Did the organization report more than $5,000 ofgrants or other a55istance to any domestic organization or 21 No domestic government on Part IX, column (A), line 1? If ?Yes,?complete Schedule I, Parts I and II 22 Did the organization report more than $5,000 ofgrants or other a55istance to or for domestic ihdiViduals on Part 22 IX, column (A), line 2? If ?Yes,?complete Schedule I, Parts I and 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,? 23 es complete Schedule] . 24a Did the organization have a tax-exempt bond issue With an outstanding prinCIpaI amount of more than $100,000 as ofthe last day ofthe year, that was issued after December 31, 2002? If ?Yes,? answer lines 24b through 24d and complete Schedule K. If ?No, go to line 25a . . . . . . . 24a 0 Did the organization invest any proceeds oftax-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 behalfof" issuerfor 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, Part I 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 ofthe organization?s prior Forms 990 or 25b NO If "Yes," complete Schedule L, Part I 26 Did 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? 25 No If "Yes,?complete Schedule L, Part 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 27 N0 member of any ofthese 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, Part IV 28a No A family member ofa current or former officer, director, trustee, or key employee? If "Yes,? complete Schedule L, Part IV . 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 ScheduleM 29 No 30 Did the organization receive contributions ofart, historical treasures, or other Similar assets, or qualified conservation contributions? If "Yes," complete ScheduleM 30 No 31 Did the organization liqUIdate, terminate, or dissolve and cease operations? If "Yes,? complete Schedule N, Part I No 31 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II 32 33 Did the organization own 100% ofan entity disregarded as separate from the organization under Regulations sections 301 7701Was the organization related to any tax-exempt or taxable entity? If "Yes,"complete Schedule R, Part II, orIV, 34 and Part V, line 1 0 35a Did the organization have a controlled entity Within the meaning ofsection 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 5 12(b)(13)? If "Yes," complete Schedule R, Part V, line2 . . . 35 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 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, Part VI 37 38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11b and 19? Note. All Form 990 filers are reqUIred to complete Schedule 0 38 Yes Form 990 (2015) Form 990(2015) Page5 Statements Regarding Other IRS Filings and Tax Compliance Check If Schedule 0 contaIns a response or note to any lIne In thIs Part Yes No 1a Enter the number reported In Box 3 of Form 1096 Enter-0- If not applicable . . 1a 22 Enter the number of Forms W-ZG Included In Me 1a Enter-0- If not appIIcable 1b 0 the organIzatIon comply WIth backup WIthholdIng rules for reportable payments to vendors and reportable 14a gamIng (gambIIng) WInnIngs to prlze WInners? Enter the number ofemployees reported on Form W-3, TransmIttal ofWage and Tax Statements, ?led for the calendar year endIng WIth or WIthIn the year covered 2a 22 Ifat least one IS reported on Me 2a, dId the organIzatIon ?le all reqUIred federal employment tax returns? Note.Ifthe sum ofIInes 1a and 2a IS greater than 250, you may be reqUIred to e-fIIe (see InstructIons) LM the organIzatIon have unrelated busmess gross Income of$1,000 or more durIng the year? . . . 3a No If?Yes,? has It ?led a Form 990-T for thIs yearUf ?No?to line 3b, prowde an explanation In Schedule 0 . . . 3b At any tIme durIng the calendar year, dId the organIzatIon have an Interest In, or a sIgnature or other authorIty over, a fInanCIal account In a foreIgn country (such as a bank account, securItIes account, or otherfInanCIal account)? If"Yes," enter the name ofthe foreIgn country Ir See InstructIons reqUIrements for Form 114, Report of ForeIgn Bank and FInanCIal Accounts (FBAR) Was the organIzatIon a party to a prothIted tax shelter transactIon at any tIme durIng the tax year? . . 5a No any taxable party notIfy the organIzatIon that It was or Is a party to a prothIted tax shelter transactIon? 5b No If"Yes," to lIne 5a or 5b, dId the organIzatIon ?le Form 5c Does the organIzatIon have annual gross receIpts that are normally greater than $100,000, and dId the Ga No organIzatIon so ICIt any contrIbutIons that were not tax deducthle as charItable contrIbutIons'P If"Yes," dId the organlzatIon Include WIth every so ICItatIon an express statement that such contrIbutIons or 6b Organizations that may receive deductible contributions under section 170(c). the organIzatIon recere a payment In excess of$75 made partly as a contrIbutIon and partly for goods and 7a No serVIces prOVIded to the payor? If"Yes," dId the organIzatIon notIfy the donor ofthe value of the goods or serVIces prOVIdedthe organIzatIon sell, exchange, or otherWIse dIspose oftangIble personal property for It was reqUIred to 7c No If"Yes,"IndIcatethe . . . . 7d the organIzatIon recere any funds, dIrectly or IndIrectly, to pay prequms on a personal bene?t contract? 7e 22 the organIzatIon, durIng the year, pay prequms, dIrectly or IndIrectly, on a personal bene?t contract? . . 7f Ifthe organIzatIon recered a contrIbutIon Intellectual property, dId the organlzatIon ?le Form 8899 as 79 Ifthe organIzatIon recered a contrIbutIon ofcars, boats, aIrplanes, or other vehIcles, dId the organIzatIon ?le a 7h Sponsoring organizations maintaining donor advised funds. a donor adVIsed fund maIntaIned by the sponsorIng organIzatIon have excess busmess holdIngs at any tIme durIng the year? the sponsorIng organIzatIon make any taxable dIstrIbutIons under sectIon 4966? . . . 9a the sponsorIng organIzatIon make a dIstrIbutIon to a donor, donor adVIsor, or related person? . . . 9b Section 501(c)(7) organizations. Enter InItIatIon fees and capItal contrIbutIons Included on Part Me 12 . . . 10a Gross receIpts, Included on Form 990, Part Me 12, for pubIIc use ofclub 10b Section 501(c)(12) organizations. Enter . . . . . . . . . 11a Gross Income from other sources (Do not net amounts due or paId to other sources agaInst amounts due or recered from them11b Section 4947(a)(1) non-exempt charitable trusts.Is the organIzatIon fIlIng Form 990 In lIeu of Form 1041? If "Yes," enter the amount of tax-exempt Interest recered or accrued durIng the year 12b Section 501(c)(29) qualified nonprofit health insurance issuers. Is the organIzatIon lIcensed to Issue health plans In more than one state?Note. See the InstructIons for addItIonal InformatIon the organIzatIon must report on Schedule 0 Enter the amount of reserves the organIzatIon Is reqUIred to maIntaIn by the states In the organIzatIon IS lIcensed to Issue health plans . . . . 13?" Enterthe amount of reserves on hand . . . . . . . . . . . . 13c the organIzatIon recere any payments for IndoortannIng serVIces durIng the tax year"Yes," has It ?led a Form 720 to report these payments?If "No,"provrde an explanation In Schedule 0 . . 14b Form 990 (2015) Form 990(2015) Page6 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. 1a 7a 9 Check IfSchedule contaIns a response or note to any Me In thIs Part .I7 Section A. Governing Body and Management Yes No Enter the number ofvotIng members ofthe governIng body at the end ofthe tax 1a 12 year Ifthere are materIal dIfferences In votIng rIghts among members ofthe governIng body, or Ifthe governIng body delegated broad authorIty to an executIve commIttee or commIttee, explaIn In Schedule 0 Enter the number ofvotIng members Included In Me 1a, above, who are Independent 1b 11 any of?cer, dIrector, trustee, or key employee have a famIIy relatIonshIp or a busmess relatIonshIp WIth any other of?cer, dIrector, trustee, or key employeethe organIzatIon delegate control over management dutIes customarIIy performed by or under the dIrect 3 No superVISIon of of?cers, dIrectors or trustees, or key employees to a management company or other person? the organIzatIon make any SIgnIfIcant changes to Its governIng documents SInce the prIor Form 990 was 4 N0 the organIzatIon become aware durIng the year ofa SIgnIfIcant dIverSIon of the organIzatIon's assets? . 5 No the organIzatIon have members or stockholdersthe organIzatIon have members, stockholders, or other persons who had the power to elect or app0Int one or more members ofthe governIng bodyAre any governance deCISIons ofthe organlzatIon reserved to (or subject to approval by) members, stockholders, 7b No or persons otherthan the governIng bodythe organIzatIon contemporaneously document the meetIngs held or ertten actIons undertaken durIng the year by the followmg 8aYes Each commIttee WIth authorIty to act on behalfofthe governIng bodythere any of?cer, dIrector, trustee, or key employee Isted In Part VII, SectIon A, who cannot be reached at the organIzatIon? 5 mang address? If "Yes,? ?prowde the names and addresses In Schedule 0 . . . 9 N0 Section B. Policies (This Section requests information about policies not required by the Internal Revenue Codethe organIzatIon have local chapters, branchesIf"Yes," dId the organIzatIon have ertten po ICIes and procedures governIng the actIVItIes ofsuch chapters, and branches to ensure theIr operatIons are conSIstent WIth the organIzatIon's exempt purposes? 10b Has the organIzatIon prOVIded a complete copy ofthIs Form 990 to all members ofIts governIng body before fIlIng N0 DescrIbe In Schedule 0 the process, Ifany, used by the organIzatIon to reVIew thIs Form 990 . . . . . -- the organIzatIon have a ertten coanIct of Interest pollcy? If "No,"go to lIne 12a Yes Were offIcers, dIrectors, or trustees, and key employees reqUIred to dIsclose annually Interests that could gIve rIsetocoanIctsthe organIzatIon regularly and conSIstently monItor and enforce compIIance WIth the polIcy'? If "Yes,"descrIbe InScheduleOhowthIs wasdone . . . . . . . . . . . . . . . . . . . 12C N0 the organIzatIon have a ertten . . . . . . . . . . . . . . . 13 No the organIzatIon have a ertten document retentIon and destructIon po Icy7 . . . . . . . . . 14 No the process for determInIng compensatIon ofthe followmg persons Include a reVIew and approval by Independent persons, data, and contemporaneous substantIatIon of the deIIberatIon and deCISIon? The organIzatIon?s CEO, ExecutIve DIrector, or top management offICIal . . . . . . . . . . . . . . . . If"Yes" to Me 15a or 15b, descrIbe the process In Schedule 0 (see InstructIons) the organIzatIon Invest In, contrIbute assets to, or partICIpate In a venture or arrangement WIth a taxable entIty durIng the year? If "Yes," dId the organIzatIon follow a ertten pollcy or procedure reqUIrIng the organIzatIon to evaluate Its partICIpatIon In venture arrangements under appIIcable federal tax law, and take steps to safeguard the organIzatIon?s exempt status WIth respect to such arrangements16b Section C. Disclosure 17 18 19 20 LIst the States WIth a copy ofthIs Form 990 IS reqUIred to be fIledhr SectIon 6104 reqUIres an organlzatIon to make Its Form 1023 (or 1024 IfappIIcable), 990, and 990-T (501(c) (3)5 only) avaIIable for pubIIc InspectIon IndIcate how you made these avaIIable Check all that apply Own webSIte Another's webSIte I7 Upon request Other (explaIn In Schedule 0) DescrIbe In Schedule 0 whether (and Ifso, how) the organIzatIon made Its governIng documents, coanIct of Interest pollcy, and fInanCIal statements avaIIable to the pubIIc durIng the tax year State the name, address, and telephone number of the person who possesses the organIzatIon's books and records ROBERT MCCLURE 100 DUVAL STREET TALLAHASSEE, FL 32301 (850) 386-3131 Form 990 (2015) Form 990 (2015) Page 7 Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check IfSchedule contaIns a response or note to any ?ne 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 IIsted Report compensatlon for the calendar year endIng WIth or WIthIn the organIzatIon?s tax year I LIst all of the organIzatIon's current of?cers, dIrectors, trustees (whether IndIVIduals or organIzatIons), regardless ofamount ofcompensatlon Enter-O- In columns (D), (E), and (F) If no compensatlon was paId I LIst all ofthe organIzatlon?s current key employees, Ifany See Instructlons for de?nItIon of "key employee I LIst the organIzatIon?s ?ve current hIghest compensated employees (other than an of?cer, dIrector, trustee or key employee) who recered reportable compensatlon (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 I LIst all ofthe organIzatIon?s former of?cers, key employees, or hIghest compensated employees who recered more than $100,000 of reportable compensatlon from the organIzatIon and any related organIzatIons I LIst all ofthe organIzatlon?s former directors or trustees that recered, In the capaCIty as a former dIrector or trustee ofthe organIzatIon, more than $10,000 Of reportable compensatIon from the organIzatIon and any related organIzatIons LIst persons In the followmg order IndIVIduaI trustees or dIrectorS, compensated employees, and former such persons Check thIs box If neIther the organIzatIon nor any related organIzatIon compensated any current of?cer, dIrector, or trustee InstItutIonal trustees, of?cers, key employees, hIghest (A) (B) (C) (D) (E) (F) Name and Average (do not check Reportable Reportable EstImated hours per more than one box, unless compensatlon compensatIon amount of week (IIst person Is both an of?cer from the from related other any hours and a dIrector/trustee) organIzatIon organlzatIonS compensatlon for related 3 I I _n (W- 2/1099- (W- 2/1099- from the organIzatIons E. 3.5 MISC) MISC) organIzatIon CI 5.: below a. :1 .T. m. c, and related I1 3 TA II-I dotted ?ne) I: m, H- organIzatIonS a; Cl Iu-r In 1' II: EL I1 (1) ALLAN BENSE 1 00 0 0 CHAIRMAN (2) GLEN BLAUCH 1 00 0 0 TREASURER (3) CHARLES COBB 1 00 0 0 DIRECTOR (4) ROBERT GIDEL 1 00 0 VICE CHAIRMA (5) JOHN HRABUSA 1 00 0 0 DIRECTOR (6) ROBERT MCCLURE 40 00 227,345 20,704 PRESIDENT 8: (7) JF BRYAN IV 1 00 0 DIRECTOR (8) CHARLES HILTON JR 1 00 0 0 DIRECTOR (9) STAN CONNALLY JR 1 00 0 0 DIRECTOR (10) JOHN KIRTLEY 1 00 0 DIRECTOR (11) THOMAS SITTEMA 1 00 0 0 DIRECTOR (12) JEFFREY SWAIN 1 00 0 0 SECRETARY Form 990 (2015) Form 990(2015) Page8 Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) (A) (B) (C) (D) (E) (F) Name and Average (do not check Reportable Reportable Estlmated hours per more than one box, unless compensatlon compensatlon amount of other week (Ilst person IS both an of?cer from the from related compensatlon any hours and a dlrector/trustee) organlzatlon (W- organlzatlons (W- from the forrelated 3 I ?n organlzatlon and organlzatlons a .19 3.1: related below Elli .1. organlzatlons dotted IIneTotal from continuation sheets to Part VII, Section A . . . . Total (add lines 227,345 20,704 2 Total number of IndIVIduals (Includlng but not IImIted to those Ilsted above) who recelved more than $100,000 of reportable compensatlon from the organlzatlon II- 1 3 the organlzatlon Ilst any former of?cer, dlrector or trustee, key employee, or hlghest compensated employee on Me 1a? If "Yes," complete Schedulleorsuch . . . . . . . . . . . . . . 4 For any IndIVIduaI Ilsted reportable compensatlon and other compensatlon from the organlzatlon and related organlzatlons greater than $150,000? If "Yes," complete Schedulleorsuch 5 any person Ilsted on Me 1a recelve or accrue compensatlon from any unrelated organlzatlon or IndIVIdual for serVIces rendered to the organlzatlonUf "Yes," complete Schedu/leorsuch person . . . . . . . . Section B. Independent Contractors 1 Complete table for yourflve hlghest compensated Independent contractors that recelved more than $100,000 of compensatlon from the organlzatlon Report compensatlon for the calendar year WIth or WIthIn the organlzatlon?s tax year (A) (B) (C) Name and busmess address tlon of serVIces Corn nsatlon 2 Total number of Independent contractors (Includlng but not IImIted to those Ilsted above) who recelved more than $100,000 ofcompensatlon from the organlzatlon II- Form 990 (2015) Form 990 (2015) Page 9 Statement of Revenue Check ifSchedule 0 contains a res onse or note to an Federated campaigns Membership dues Fundraising events Grants and Other Similar Amounts Related organizations Government grants (contributions) All other contributions, gifts, grants, and Similar amounts not included above Noncash contributions included in lines 1a?1f Total. Add lines 1a-1f Contributions, Gi EVENT PROGRAMS 9 All other program serVIce revenue Fire-gram Service Fie'ireniie Total. Add lines 2a?2f Investment income (including diVidends, interest, and other similar amounts) Income from investment of tax?exempt bond proceeds (i)Rea (ii) Personal Gross rents Less rental expenses Rental income or (loss) Netrentalincomeor(loss(i)Securities (ii)Other Gross amount from sales of assets other than inventory Less cost or other ba5is and sales expenses Gain or( oss) Net gain or (loss) Gross income from fundraismg events (not including ofcontributions reported on line 1c) See Part IV, line 18 a Less directexpenses . . . Either Fle'iienue Net income or (loss) from fundraising events Gross income from gaming actIVIties See Part IV, line 19 a Less direct expenses . . . Net income or (loss) from gaming actIVIties Gross sales ofinventory, less returns and allowances Less costofgoods sold . . Net income or (loss) from sales of inventory . . Miscellaneous Revenue All other revenue Total. Add lines 11a?11d Total revenue. See Instructions 1,762,354 Busmess Code line in this Part (A) Total revenue 1,762,354 Busmess Code 102,751 102,751 169 1,865,274 (B) Related or exempt function revenue 102,751 102,751 (D) Revenue excluded from tax under sections 5 12-514 (C) Unrelated busmess revenue 169 Form 990 (2015) Form 990 (2015) Section 501(c)(3)and 501(c)(4) organizations must complete all columns All other organizations must complete column (A) Page 10 Statement of Functional Expenses CheckifScheduleO containsa response or note to anyline In this PartIX . . . . . Do not include amounts reported on lines 6b, (A) Manag?fnient and 7b! 8b! 9b! and 10b Of Part Total expenses expenses general expenses expenses 1 Grants and other assistance 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 assistance to foreign organizations, foreign governments, and foreign indIVIduals See Part IV, lines 15 and 16 Benefits paid to or for members 5 Compensation of current officers, directors, trustees, and key employees 227,345 159,142 68,203 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 815,870 571,109 244,761 Pen5ion plan accruals and contributions (include section 401(k) and 403(b)employer contributions) 27,495 19,246 8,249 9 Other employee benefits 76,100 53,270 22,830 10 Payroll taxes 72,687 50,881 21,806 11 Fees for serVIces (non-employees) a Management Legal 1,755 1,228 527 Accounting 11,521 8,065 3,456 Lobbying Professmnal fundraismg serVIces See Part IV, line 17 I Investment management fees 9 Other (Ifline amount exceeds 10% ofline 25, column (A) amount, list line 1 lg expenses on Schedule 0) 12 Advertismg and promotion 33,109 26,825 6,284 13 Office expenses 78,161 54,713 23,448 14 Information technology 15,691 10,984 4,707 15 Royalties 16 Occupancy 57,558 40,291 17,267 17 Travel 57,083 55,031 2,052 18 Payments oftravel or entertainment expenses for any federal, state, or local public offICIals 19 Conferences, conventions, and meetings 55,852 55,852 20 Interest 14,508 10,156 4,352 21 Payments to affiliates 22 DepreCIation, depletion, and amortization 68,838 48,187 20,651 23 Insurance 15,988 11,192 4,796 24 Other expenses Itemize expenses not covered above (List miscellaneous expenses in line 24e Ifline 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0 a DIRECT CAM 112,183 112,183 MEMBER EVENTS 109,685 109,685 MEMBERSHIP DEVELOPMENT 57,634 57,634 PRINTING PUBLICATION 44,147 44,147 All other expenses 78,396 69,475 8,921 25 Total functional expenses. Add lines 1 through 24e 2,031,606 1,457,113 462,310 112,183 26 Joint costs.Complete this line only ifthe organization reported in column (B) costs from a combined educational campaign and fundraismg SOIICItation Check here Ir iffollowmg SOP 98-2 (ASC 958-720) Form 990 (2015) Form 990(2015) Page 11 Balance Sheet Check ifSchedule 0 contains a response or note to any line In this Part . . (A) (B) Beginning ofyear End ofyear 1 Cash?non-interest-bearing 117,760 1 211,661 2 Savmgs and temporary cash investments 196,099 2 112,968 3 Pledges and grants receivable, net 5229 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 Part II of Schedule 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described In section 4958(c)(3)(B), and contributing employers and sponsoring organizations ofsection 501(c)(9) voluntary employees' benefICIary organizations (see instructions) Complete Part II ofSchedule 6 7 Notes and loans receivable, net 7 Inventories for sale or use 8 9 Prepaid expenses and deferred charges 9 10a Land, and eqUIpment cost or other basis Complete Part VI ofSchedule 10a 1'988'527 Less accumulated depreCIation 10b 352,802 1,670,127 10c 1,635,725 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 asset5.Add lines 1 through 15 (must equal line 34) 1,989,215 16 1,960,354 17 Accounts payable and accrued expenses 46.401 17 95.255 18 Grants payable 18 19 Deferred revenue 10,588 19 10,000 20 Tax-exempt bond liabilities 20 21 Escrowor custodial accountliability Complete PartIV ofSchedule 21 f4"- 22 Loans and other payables to current and former officers, directors, trustees, .1: key employees, highest compensated employees, and disqualified persons Complete Part II ofSchedule 22 H: 23 Secured mortgages and notes payable to unrelated third parties 422,582 23 535.000 24 Unsecured notes and loans payable to unrelated third parties 24 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24) Complete Part ofSchedule 25 26 Total liabilities.A dd lines 17 through 25 479,571 26 640.255 Organizations that follow SFAS 117 (ASC 958), check here Ir 7 and complete 3 lines 27 through 29, and lines 33 and 34. 27 Unrestricted net assets 1,419,192 27 1.320.099 28 Temporarily restricted net assets 90.452 28 29 Permanently restricted net assets If Organizations that do not follow SFAS 117 (ASC 958), check here II- and complete lines 30 through 34. 3 30 Capital stock or trust prinCIpal, or current funds Iii-1,, 31 Paid-in or capital surplus,orland, bUIIdlng or eqUIpment fund 31 32 Retained earnings, endowment, accumulated income, or other funds 32 E: 33 Total net assets or fund balances 1,509,644 33 1,320,099 2 34 Total liabilities and net assets/fund balances 1,989,215 34 1,960,354 Form 990 (2015) Form 990(2015) Page 12 Reconcilliation of Net Assets . . . . . . . . . . . . . 1 Total revenue (must equal Part column (A), line 12) 1 1,865,274 2 Total expenses (must equal Part IX, column (A), line 25) 2 2,031,606 3 Revenue less expenses Subtract line 2 from line 1 3 -166,332 4 Net assets orfund balances at beginning ofyear (must equal Part X, line 33, column 4 1,509,644 5 Net unrealized gains (losses) on investments 5 6 Donated serVIces and use of faCIlities 6 7 Investment expenses 7 8 Prior period adjustments 8 -23,213 9 Other changes In net assets orfund balances (explain In Schedule 0) 9 10 Net assets orfund balances at end ofyear Combine lines 3 through 9 (must equal Part X, line 33, column 10 1,320,099 'c Financial Statements and Reporting CheckifScheduleO containsaresponse ornote to anylinein this Part XII . . . . . . . . . . . . . I7 Yes No 1 Accounting method used to prepare the Form 990 Cash I7 Accrual ther Ifthe organization changed its method ofaccounting from a prior year or checked "Other," explain in Schedule 0 2a Were the organization?s finanCIal statements compiled or reVIewed by an independent accountant? If?Yes,?check a box below to indicate whether the finanCIal statements for the year were compiled or reVIewed on a separate ba5is, consolidated ba5is, or both Separate Consolidated Both consolidated and separate Were the organization?s finanCIal statements audited by an independent accountant? If?Yes,?check a box below to indicate whether the finanCIal statements for the year were audited on a separate ba5is, consolidated ba5is, or both I7 Separate Consolidated Both consolidated and separate If"Yes," to line 2a or 2b, does the organization have a committee that assumes responSIbility for overSIght ofthe audit, reVIew, or compilation of its finanCIal statements and selection ofan independent accountant? Ifthe organization changed either its over5ight process or selection process during the tax year, explain in Schedule 0 3a As a result ofa federal award, was the organization reqUIred to undergo an audit or audits as set forth in the Single AuditAct and OMB CircularA-1337 3a No If "Yes," did the organization undergo the reqUIred audit or audits? Ifthe 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 (2015) lefile GRAPHIC print - DO NOT PROCESS IAs Filed Data - DLN: 93493244010896I SCHEDULE A Public Charity Status and Public Support OMB No 1545-0047 (Form 990 0r 990EZ) Complete if the organization is a section 501(c)(3) organization or a section 20 1 5 4947(a)(1) nonexempt charitable trust. Department of the It Attach to Form 990 or Form 990-EZ. Open to Public Treasury Information about Schedule A (Form 990 or 990-EZ) and its instructions is at I t' Internal Revenue Serwce "Spec Ion Name of the organization Employer identification number THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC 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 11, check only one box) 1 A church, convention ofchurches, or assouation ofchurches described in section 2 A school described in section Schedule (Form 990 or 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 5 An organization operated for the benefit ofa college or univer5ity owned or operated by a governmental unit described in section (Complete Part II 6 A federal, state, or local government or governmental unit described in section 7 An organization that normally receives a substantial part ofits support from a governmental unit orfrom the general public described in section (Complete Part II 8 A community trust described in section 170(b)(1)(A)(vi) (Complete Part II 9 I7 An organization that normally receives (1) more than 331/30/0 of its support from contributions, membership fees, and gross receipts 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 busmess taxable income (less section 511 tax) from busmesses achIred by the organization afterJune 30, 1975 Seesection 509(a)(2). (Complete Part 10 An organization organized and operated exc u5ively to test for public safety See section 509(a)(4). 11 An organization organized and operated excluswely 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 11a through 11d that describes the type ofsupporting organization and complete lines 11e, 11f, and 11g a Type I. A supporting organization operated, superVIsed, or controlled by its supported organization(s), typically by giVing the supported organization(s) the powerto regularly appomt or elect a majority ofthe directors or trustees ofthe 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, SectionsA and D, and Part V. Check this box ifthe organization received a written determination from the IRS that it is a Type I, Type II, Type functionally integrated, orType non-functionally integrated supporting organization Enter the number ofsupported organizations . . . . . . . . . . Prowde the followmg information about the supported organization(s) (iv) (vi) Name ofsupported organization Type of Is the organization Amount of Amount of other organization listed in your governing monetary support support (see (described on lines document? (see instructions) instructions) 1- 9 above (see instructions)) Yes No For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ. Cat N0 11285F Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ) 2015 Page 2 Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 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 (or fiscal year beginning in) It 1 6 Calendar year (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total Gifts, grants, contributions, and membership fees received (Do not include any unusual grants) Tax revenues leVIed forthe organization's benefit and either paid to or expended on its behalf The value ofserVIceS orfaCIlities furnished by a governmental unit to the organization Without charge Total.Add lines 1 through 3 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% ofthe amount shown on line 1 1, column Public support. Subtract line 5 from line 4 Section B. Total Support (or fiscal year beginning inCalendar year (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total Amounts from line 4 Gross income from interest, diVidendS, payments received on securities loans, rents, royalties and income from Similar sources Net income from unrelated busmess actIVItieS, 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 7 through 10 Gross receipts from related actIVIties, etc (see instructions) 12 First five years.Ifthe 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 Support Percentage 14 15 16a 17a 18 Public support percentage for 2015 (line 6, column lelded by line 11, column 14 15 33 1/3?/o support test?2015.Ifthe 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 Public support percentage for 2014 Schedule A, Part II, line 14 33 1/3?/o support test?2014.Ifthe organization did not check a box on line 13 or 16a, and line 15 IS 33 1/3% or more, check this box and stop here.The organization qualifies as a publicly supported organization test?2015.Ifthe organization did not check a box on line 13, 16a, or 16b, and line 14 IS 10% or more, and ifthe 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 test?2014.Ifthe organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 IS 10% or more, and ifthe 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 Private foundation.Ifthe organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ) 2015 Page 3 Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization falls to qualify under the tests llStEd below, please complete Part II.) Section A. Public Support Calendar year (or fiscal year beginning in) It 1 7a 8 grants, contributions, and membership fees received (Do not include any "unusual grants Gross receipts from admISSIons, 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 leVIed for the organization's bene?t and either paid to or expended on its behalf The value ofserVIces 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 otherthan disqualified persons that exceed the greater of$5,000 or 1% of the amount on line 13 forthe year Add lines 7a and 7b Public support. (Subtract line 7c from line 6 Section B. Total Support (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total 1,878,777 1,542,037 1,098,389 1,811,194 1,752,354 8,192,751 3,382 43,208 180,129 102,207 102,751 431,577 1,882,159 1,585,245 1,278,518 1,913,401 1,855,105 8,524,428 8,624,428 Calendar year . . . . 2011 b2012 2013 d2014 2015 fT (orfisoalyear beginning (C) 0 a 9 Amounts from line 6 1,882,159 1,685,245 1,278,518 1,913,401 1,865,105 8,624,428 10a Gross income from Interest, dIVidends, payments received on 84,136 5,452 63 71 169 89,891 securities loans, rents, royalties and income from Similar sources Unrelated busmess taxable income (less section 511 taxes) from busmesses achIred after June 30, 1975 Add lines 10a and 10b 84,136 5.452 63 71 169 89,891 11 Net income from unrelated busmess actIVItIes not Included in line 10b, whether or not the busmess Is regularly carried on 12 Other Income Do not Include gain or loss from the sale 458 capital assets (Explain in Part VI 13 (Add "neg 9' 10c, 1,955,418 1,594,754 1,279,582 1,915,749 1,855,274 8,722,777 an 14 First five years.Ifthe Form 990 IS for the organization's ?rst, second, third, fourth, tax year as a section 501(c)(3) organization, check box and stop here I'l? Section C. Computation of Public Support Percentage 15 Public support percentage for 2015 (line 8, column lelded by line 13, column 15 98 870 0/0 16 Public support percentage from 2014 Schedule 15 15 98 720 0/0 Section D. Computation of Investment Income Percentage 17 Investment income percentage for 2015 (line 10c, column lelded by line 13, column 17 1 000 0/0 18 Investment income percentage from 2014 Schedule A, Part line 1/3?/o support tests?2015.Ifthe 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 box and stop here. The organization quali?es as a publicly supported organization I47 33 1/3?/o support tests?2014.Ifthe 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 not more than 33 check box and stop here. The organization quali?es as a publicly supported organization 20 Private foundation.Ifthe organization did not check a box on line 14, 19a, or 19b, check box and see Instructions Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ) 2015 Supporting Organizations (Complete only ifyou checked a box on line 11 ofPartI Ifyou checked 11a ofPart I, complete Sections A and Ifyou checked 11b ofPart I, complete Sections A and Ifyou checked 11c ofPart I, complete Sections A, D, and Ifyou checked 11d ofPart I, complete Sections A and D, and complete Part V) Section A. All Supporting Organizations Page 4 1 3a 5a Are all ofthe 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 de5ignated by class or purpose, describe the deSIgnation. If historic and continumg relationship, explain. Did the organization have any supported organization that does not have an IRS determination ofstatus under section 509(a)(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. 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)? If "Yes," describe in Part VI when and how the organization made the determination. 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. Was any supported organization not organized in the United States ("foreign supported organization")? If ?Yes and if you checked 11a or 11b 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 orsupervrsed by or in connection With its supported organizations. 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 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 170(c)(2)(B) purposes. 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?s organizmg document authorizmg such action, and (iv) how the action was accomplished (such as by amendment to the organizmg document). Type I or Type II only. Was any added or substituted supported organization part ofa class already deSIgnated in 9a 10a 11 the organization's organi2ing document? Substitutions only. Was the substitution the result ofan event beyond the organization's control? Did the organization prowde support (whether in the form ofgrants or the ofserVIces or faCIlities) to anyone otherthan its supported organizations, IndIVIdualS 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 ofthe 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 IRC a family member ofa substantial contributor, ora 35-percent controlled entity With regard to a substantial contributor? If ?Yes,?complete Part I of Schedule (Form 990). Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If ?Yes,? complete Part II of Schedule (Form 990). 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 or If ?Yes,?prOVide detail in Part VI. Did one or more disqualified persons (as defined in line hold a controlling interest in any entity in which the supporting organization had an interest? If ?Yes,?prowde detail in Part VI. Did a disqualified person (as defined in line 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. Was the organization subject to the excess business holdings rules 4943 because 4943(f) (regarding certain Type II supporting organizations, and all Type non-functionally integrated supporting organizations)? If ?Yes,?answerb below. 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). Has the organization accepted a gift or contribution from any ofthe followmg personsperson who directly or indirectly controls, either alone ortogether With persons described in and below, the governing body ofa supported organization? 11a A family member ofa person described in above? 11b A 35% controlled entity ofa person described in or above?If ?Yes? to a, b, or c, prowde detail in Part VI. 11c Schedule A (Form 990 or 990-EZ) 2015 ScheduleA (Form 990 or990-EZ)2015 Page5 Part IV Supporting Organizations (continued) Section B. Type I Supporting Organizations Yes No 1 Did the directors, trustees, or membership ofone or more supported organizations have the power to regularly app0int 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, superVised, or controlled the organization?s 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. 1 2 Did the organization operate for the benefit ofany supported organization other than the supported organization(s) that operated, superVIsed, or controlled the supporting organization? If ?Yes,? explain in Part VI how prOViding such benefit carried out the purposes of the supported organization(s) that operated, superwsed or controlled the supporting organization. Section C. Type II Supporting Organizations Yes No 1 Were a majority ofthe organization?s directors or trustees during the tax year also a majority of the directors or trustees ofeach ofthe 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 1 Did the organization prowde to each of its supported organizations, by the last day ofthe fifth month ofthe organization?s tax year, (1) a written notice describing the type and amount ofsupport prowded during the prior tax year, (2) a copy ofthe Form 990 that was most recently filed as ofthe date of notification, and (3) copies of the organization?s governing documents in effect on the date of notification, to the extent not preVIously prowded? 1 2 Were any of the organization's officers, directors, or trustees either appomted or elected by the supported organization(s) or (ii) serVIng on the governing body ofa supported organization? If "No,"explain in Part VI how the organization maintained a close and continuous working relationship With the 2 supported organization (5). 3 By reason ofthe relationship described in (2), did the organization?s supported organizations have a Significant mice in the organization?s investment and in directing the use ofthe 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. 3 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 The organization is the parent ofeach of its supported organizations Complete line 3 below The organization supported a governmental entity Describe in Part VI how you supported a government entity (see instructions) 2 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 ofthe supported organization(s) to which the organization was responswe? If "Yes," then in Part VI identify those supported organizations and explain how these actiVities directly furthered their exempt purposes, how the organization was responSive to those supported organizations, and how the organization determined that these actiVities constituted substantially all of its actiVities. 23 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?s p05ition that its supported organization(s) would have engaged in these actiVities but for the organization ?5 in volvement. 2b 3 Parent of Supported rganizations Answer and below. a Did the organization have the power to regularly appomt or elect a majority ofthe officers, directors, or trustees of each ofthe supported organizations? PrOVide details in Part VI. 3a Did the organization exerCIse a substantial degree ofdirection overthe programs and actiVities ofeach 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) 2015 Schedule A (Form 990 or 990-EZ) 2015 Page 6 Type Non-Functionally Integrated 509(a)(3) Supporting Organizations 1 Check here ifthe organization satisfied the Integral Part Test as a qualifying trust on Nov 20, 1970 See instructions. All other Type non-functionally integrated supporting organizations must complete Sections A through m-hWNl-l- Oi (B) Current Year Section A - Adjusted Net Income (A) P??'Year (optmnal) Net short-term capital gain Recoveries of prior-year distributions Other gross income (see instructions) Add lines 1 through 3 U'I-thi-I DepreCIation and depletion Portion ofoperating expenses paid or incurred for production or collection of gross income orfor management, conservation, or maintenance of property held for production ofincome (see instructions) 6 Other expenses (see instructions) 7 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8 A @NmU'l \i Q?u??i audio-i4: wwl?g??u (B) Current Year Section - Minimum Asset Amount (A) P??'Yea? (opmnar) Aggregate fair market value ofall non-exempt-use assets (see instructions for short tax year or assets held for part ofyear) Average value ofsecurities Average cash balances Fair market value of other non-exempt-use assets Total (add lines 1a, 1b, and 1c) Discount claimed for blockage or other factors (explain in detail in Part VI) AchISItion indebtedness applicable to non-exempt use assets Subtract line 2 from line 1d Cash deemed held for exempt use Enter 1-1/20/0 ofline 3 (for greater amount, see instructions) Net value of non-exempt-use assets (subtract line 4 from line 3) Multiply line 5 by 035 Recoveries of prior-year distributions Minimum Asset Amount (add line 7 to line 6) Section - Distributable Amount Current Year Adjusted net income for prior year (from Section A, line 8, Column A) Enter 85% ofline 1 Minimum asset amount for prior year (from Section B, line 8, Column A) Enter greater ofline 2 orline 3 Income tax imposed in prior year Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6 Check here ifthe current year is the organization's first as a non-functionally-integrated Type supporting organization (see instructions) Schedule A (Form 990 or 990-EZ) 2015 ScheduleA (Form 990 or990-EZ)2015 Page7 Type Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued) Section - Distributions Current Year 1 Amounts paid to supported organizations to accomplish exempt purposes 2 Amounts paid to perform actIVIty that directly furthers exempt purposes ofsupported organizations, in excess of income from actIVIty 3 Administrative expenses paid to accomplish exempt purposes ofsupported organizations 4 Amounts paid to achIre exempt-use assets 5 Qualified set-aSIde amounts (prior IRS approval reqUIred) 6 Other distributions (describe in Part VI) See instructions \l Total annual distributions. Add lines 1 through 6 Distributions to attentive supported organizations to which the organization is responswe (prowde details in Part VI) See instructions 9 Distributable amount for 2015 from Section C, line 6 10 Line 8 amount lelded by Line 9 amount . . . . . (ii) Section Distritbutiton Allocations (see Excess Distributions Underdistributions Distributable ins ruc IonS) Pre-2015 Amount for 2015 1 Distributable amount for 2015 from Section C, line 6 2 Underdistributions, ifany, for years prior to 2015 (reasonable cause reqUIred--see instructions) Excess distributions carryover, ifany, to 2015 From 2013. From 2014. . . Total oflines 3a through 9 Applied to underdistributions of prior years Applied to 2015 distributable amount i Carryoverfrom 2010 not applied (see instructions) Remainder Subtract lines 39, 3h, and 3i from 3f 4 Distributions for 2015 from Section D, line 7 a Applied to underdistributions of prior years Applied to 2015 distributable amount Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions for years prior to 2015, ifany Subtract lines 39 and 4a from line 2 (ifamount greater than zero, see instructions) 6 Remaining underdistributions for 2015 Subtract lines 3h and 4b from line 1 (ifamount greaterthan zero, see instructions) 7 Excess distributions carryover to 2016. A dd lines 3] and 4c 8 Breakdown ofline 7 Excess from 2013. From 2014. From 2015. Schedule A (Form 990 or 990-EZ) (20 1 5 ScheduleA (Form 990 or990-EZ)2015 Page8 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, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions). Facts And Circumstances Test Return Reference Explanation PART 12 MISCELLANEOUSINCOME 8,458 Schedule A (Form 990 or 990-EZ) 2015 lefile GRAPHIC print - DO NOT PROCESS IAs Filed Data - DLN: 93493244010896I . . OMB No 1545-0047 SCHEDULE Supplemental FinanCIal Statements (Form 990) Complete if the organization answered "Yes," on Form 990, Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. Department of the Treasury h" AttaCh to Form 990- open to Public Internal Revenue Same Information about Schedule (Form 990) and its instructions is at Inspection Name of the organization Employer identification number THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC 59-2811908 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. Donor adVIsed funds (b)FundS and other accounts Total number at end ofyear Aggregate value ofcontributions to (during year) Aggregate value ofgrants from (during year) Aggregate value at end ofyear Did the organization inform all donors and donor adVIsors in writing that the assets held In donor adVIsed funds are the organization's property, subject to the organization's excluswe legal control? Yes No 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 ofthe donor or donor adVIsor, or for any other purpose conferring impermiSSible private benefit? Yes N0 Conservation Easements. Complete if the organization answered ?Yes? on Form 990, Part IV, line 7. 1 ?nch) Purpose(s) ofconservation easements held by the organization (check all that apply) Preservation ofland for public use (e recreation or education) Preservation ofan historically important land area Protection of natural habitat Preservation ofa certified historic structure Preservation ofopen space Complete lines 2a through 2d ifthe organization held a qualified conservation contribution in the form ofa conservation easement on the last day ofthe tax year Held at the End of the Year Total number ofconservation easements 2a Total acreage restricted by conservation easements 2b Number ofconservation easements on a certified historic structure included in 2c Number ofconservation easements included in achIred after 8/17/06, and not on a historic structure listed in the National Register 2d Number of conservation easements modified, transferred, released, or terminated by the organization during the tax year II- Number ofstates where property subject to conservation easement is located II- DoeS the organization have a written policy regarding the periodic monitoring, inspection, handling of Violations, and enforcement ofthe conservation easements it holds? Yes No Staff and volunteer hours devoted to monitoring, inspecting, handling ofVIolationS, ancl enforcmg conservation easements during the year hu- Amount ofexpenses incurred in monitoring, inspecting, handling ofVIolationS, and enforcmg conservation easements during the year Does each conservation easement reported on line 2(d) above satisfy the reqUIrementS ofsection 170(h)(4) and section Yes No In Part describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, ifapplicable, 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 Ifthe organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works ofart, historical treasures, or other Similar assets held for public exhibition, education, or research in furtherance of public serVIce, prowde, in Part the text ofthe footnote to itS finanCIal statements that describes these items Ifthe organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works ofart, 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 Ir (ii)AssetS includedin Form 990,PartX 2 Ifthe organization received or held works ofart, historical treasures, or other Similar assets for finanCIal gain, prowde the followmg amounts reqUIred to be reported under SFAS 116 (ASC 958) relating to these items a Revenueincluded on Form 990,Part 1 Assets includedin Form 990,PartX For Paperwork Reduction Act Notice, see the Instructions for Form 990Schedule (Form 990) 2015 Schedule (Form 990) 2015 Page 2 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) 3 Usmg the organization's achIsItIon, accessmn, and other records, check any ofthe followmg that are a Significant use of Its collection Items (check all that apply) a publlc exhibition Loan or exchange programs Other Scholarly research Preservation forfuture generations 4 Prowde a description of the organization's collections and explain how they further the organization?s exempt purpose In Part 5 During the year, did the organization so ICIt or receive donations ofart, historical treasures or other Similar assets to be sold to raise funds ratherthan to be maintained as part ofthe organization?s collection? Yes No Part IV 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 Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not Included on Form 990,Part I_Yes 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 balance If 2a Did the organization include an amount on Form 990,Part X, Ine 21,forescroworcustodlal _Yes If"Yes," explain the arrangement in Part Check here Ifthe explanation has been prowded In Part Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10. (a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back 1a Beginning ofyear balance Contributions Net investment earnings, gains, and losses Grants or scholarships Other expenditures for faCIlitIes and programs Administrative expenses 9 End ofyear balance 2 Prowde the estimated percentage ofthe current year end balance (line lg, column held as a Board deSIgnated or quaSI-endowment II- Permanent endowment II- Temporarily restricted endowment hr The percentages on lines 2a, 2b, and 2c should equal 100% 3a Are there endowment funds not in the posseSSIon ofthe organization that are held and administered for the organization by Yes No unrelated organizations . . . . . . . . . . . . . . . . . 3a(i) (ii) related organizations . . . . . . . . . . . . . . . . . 3a(ii) If"Yes" on 3a(il), are the related organizations listed as reqUIred on Schedule . . . . . . . . . 3b 4 Describe in Part the Intended uses ofthe organization's endowment funds Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a.See Form 990, Part X, line 10. Description of property Accumulated (d)Book value Cost or other ba5is Cost or other ba5is (c)depreCIation (investment) (other) 1a Land . . . . . . . . . . . . . . . . . 345,266 345,266 . . . . . . . . . . . . . . . . 1,376,134 144,485 1,231,649 Leasehold improvements EqUIpment . . . . . . . . . . . . . . . 267,127 208,317 58,810 Other . . . . . . . . . . . . . . . Total. Add lines 1a through 1e (Column must equal Form 990, Part X, column (B), line . . . . . . . II- 1,635,725 Schedule (Form 990) 2015 Schedule (Form 990)2015 Page3 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 (b)Book value (c)Method ofvaluation (including name of security) Cost or end-of?year market value (1)FinanCIal derivatives (2)Closely-held eqUIty interests (3)0ther Total. (Column must equal Form 990, PartX, col (B) line 12) Investments?Program Related. Complete if the organization answered Yes on Form 990, Part IV, line llc-See Form 990, Part X, line 13_ Description of investment Book value Method ofvaluation Cost or end-of?year market value Total. (Column must equal Form 990, PartX, col (B) line 13) Other Assets. Complete ifthe organization answered 'Yes' on Form 990, Part IV, line 11d See Form 990, Part X, line 15 Description Book value 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 He or 11f. See Form 990, Part X, line 25. 1_ Description of liability Book value Federal income taxes Total. (Column must equal Form 990, Part)(, col (B) line 25) 2. Liability for uncertain tax pOSItions In Part prowde the text ofthe footnote to the organization's finanCIal statements that reports the organization's liability for uncertain tax p05itions under FIN 48 (ASC 740) Check here ifthe text ofthe footnote has been prowded in Part '7 Schedule (Form 990) 2015 Schedule (Form 990)2015 Page4 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete If the organization answered 'Yes' on Form 990, Part IV, lIne 12a. Total revenue, gaIns, and other support per audIted fInanCIal statements 1 1,880,165 2 Amounts Included on Me 1 but not on Form 990, Part Me 12 a Net unreallzed gaIns (losses) on Investments 2a Donated serVIces and use 2b 14,891 Recoverles of prIor year grants 2c Other In Part 2d Add lInes 2a through 2d 2e 14,891 3 Subtract lIne 2e from We 1 3 1,865,274 4 Amounts Included on Form 990, Part Investment expenses not Included on Form 990, Part lIne 7b 4a Other In Part 4b AddlInes4aand 4b 4c 5 Total revenue Add lInes 3and 4c.(ThIs must equal Form 990, PartI, Me 12) . . 5 1,865,274 Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete If the organIzatIon answered 'Yes' on Form 990, Part IV, lIne 12a. Total expenses and losses per audIted fInanCIal statements 1 2,046,497 2 Amounts Included on Me 1 but not on Form 990, Part IX, Me 25 a Donated serVIces and use 2a 14,891 PrIor year adjustments 2b Other losses 2c Other In Part 2d Add lInes 2a through 2d 2e 14,891 3 2e fromllne 1 3 2,031,606 4 Amounts Included on Form 990, Part IXInvestment expenses not Included on Form 990, Part lIne 7b 4a Other In Part 4b AddlInes4aand 4b 4c 5 Totalexpenses Add lIne53and 4c. (ThIs must equal Form 990,PartI, Ine 18) 5 2,031,606 Supplemental Information the descrIptIons reqUIred for Part II, ?ms 3, 5, and 9, Part lInes 1a and 4, Part IV, lInes 1b and 2b, Part V, Me 4, Part X, Me 2, Part XI, lInes 2d and 4b, and Part XII, lInes 2d and 4b Also complete thIs part to prowde any addItIonal Informatlon Return Reference Explanatlon SCHEDULE THEINTERNAL REVENUE SERVICE HAS DETERMINED THE INSTITUTE IS AN ORGANIZATION EXEMPT FROM TAX 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 INCOME TAX UNDER SECTION IS NOT A PRIVATE FOUNDATION THE FORM 990 HAS NOT BEEN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ORTHE STATE OF FLORIDA FORTHE LAST THREE YEARS THE INSTITUTE DOES NOT ANTICIPATE THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE WITHIN THE NEXT TWELVE MONTHS THE INSTITUTE RECOGNIZES INTEREST PENALTIES RELATED TO INCOME TAX MANNERS IN INCOME TAX EXPENSE THE INSTITUTE DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST PENALTIES AT DECEMBER 31, 2015 AND 2014 Schedule (Form 990) 2015 Schedule (Form 990)2015 Pages Supplemental Information (continued) Return Reference Explanation Schedule (Form 990) 2015 Iefile GRAPHIC print - DO NOT PROCESS IAs Filed Data - DLN: 93493244010896I Schedule (Form 990) Depaiiment of the Treasury Internal Revenue Servrce Compensation Information 0MB No 1545-0047 For certain Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 2 1 F- Complete if the organization answered "Yes" on Form 990, Part IV, line 23. hr Attach to Form 990. h- Information about Schedule (Form 990) and its instructions is at Open to PUbliC Ins - ection Name ofthe organization Employer identification number THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC Questions Regarding Compensation Yes No 1a Check the appropiate box(es) ifthe organization prowded any ofthe 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 First-class or charter travel Housmg allowance or reSIdence for personal use Travel for companions Payments for busmess use of personal reSIdence Tax idemnification and gross-up payments Health or somal club dues or initiation fees Discretionary spending account Personal serVIces (e maid, chauffeur, chef) Ifany of the boxes in line 1a are checked, did the organization followa written policy regarding payment or reimbursement or prowsmn ofall ofthe expenses described above? If"No," complete Part to explain 1b 2 Did the organization reqUIre substantiation priorto reimbursmg or allowmg expenses incurred by all directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? 2 3 Indicate which, ifany, ofthe followmg the filing organization used to establish the compensation ofthe organization's CEO/Executive Director Check all that apply Do not check any boxes for methods used by a related organization to establish compensation ofthe CEO/Executive Director, but explain in Part I7 Compensation committee Written employment contract Independent compensation consultant Compensation survey or study Form 990 of other organizations I7 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 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 oflines 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 The organization? 5a 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 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 non-fixed payments not described in lines 5 and 6? 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. at 5 OO 5 3T Schedule (Form 990) 2015 Schedule (Form 990) 2015 Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. Page 2 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 Note. The sum ofcolumns 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 indIVIdual (A) Name and Title (B) Breakdown ofW-Z and/or 1099-MISC compensation (C) Retirement and other deferred (D) Nontaxable (E) Total of columns (F) Compensation in (ii) benefits column(B) reported corn BSSEation Bonus incentive Other reportable compensatlon as deferred on prior compensation compensation Form 990 1 ROBERT MCCLURE 227,345 9,604 11,100 248,049 PRESIDENT CEO (ii) Schedule (Form 990) 2015 Schedule] (Form 990)2015 Page3 Supplemental Information Prowde the Information, explanation, or descriptions reqUIred for Part I, lines 1aand for Part II Also complete this part for any additional information Ret urn Reference Expla nation Schedule (Form 990) 2015 Iefile GRAPHIC print - DO NOT PROCESS IAs Filed Data - DLN: 93493244010896I SCHEDULE 0 (Form 990 or 990-EZ) Department of the Treasury Internal Revenue Sennce Supplemental Information to Form 990 or 990-EZ 0MB No 1545?0047 Complete to provide information for responses to specific questions on 2 0 1 5 Form 990 or 990-EZ or to provide any additional information. it Attach to Form 990 or 990-EZ. Open to Public Inspection orm990. h- Information about Schedule 0 (Form 990 or 990-EZ) and its instructions is at Name of the organization THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC Employer identification number 59-2811908 990 Schedule 0, Supplemental Information Return Reference Explanation FORM 990, PAGE 2, PART LINE 4A OR UPON REQUEST FORM 990, PART VI THE ORGANIZATIONS CONFLICT OF INTEREST POLICY FORBIDS INCENTIVES OR GIFTS TO BE OFFERED POTENTIAL MEMBERS, AND THEY MAY NOT ACCEPT GIFTS IN ORDER TO GAIN BUSINESS EMPLOYEES AR DISCOURAGED FROM ENGAGING IN OTHER EMPLOY MENT DURING THEIR OFF-DUTY HOURS AND MUST INFOR AND HAVE AUTHORIZATON FROM THE TO HOLD A SECOND JOB FORM 990, PAGE 6, PART LINE 1 1 I, A DRAFT OF FORM 990 IS EMAILED TO ALL BOARD MEMBERS, TO REVIEW, BEFORE THE RETURN IS FILED FORM 990, PAGE 6, PART LINE 15A I, A COMPENSTION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES FORM 990, PAGE 6, PART LINE 15B I, A COMPENSTION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES FORM 990, PAGE 6, PART LINE 19 I, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XII AN AUDIT COMMITTEE IS IN CHARGE OF SELECTING AND OVERSEEING THE WORK OF INDEPENDENT AUDITORS OF THE FINANCIAL STATEMENTS