Charles Koch Institute in Arlington, Virginia (VA)

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Charles Koch Institute
Employer Identification Number (EIN)274967732
Name of OrganizationCharles Koch Institute
In Care of NameHeather Love
Address1515 N Courthouse Rd Ste 200, Arlington, VA 22201-2915
SubsectionEducational Organization
Ruling Date08/2011
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$271,482,857
Amount of Income$52,029,075
Form 990 Revenue Amount$52,029,075
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Higher Education Institutions


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Amount of income in 2013: $52,029,075 (it was $170,261,053 in 2012)
This organization: 

 $52,029,075
Other organizations performing similar types of work: 

 $185,466

Assets in 2013: $271,482,857 (it was $223,926,592 in 2012)
This organization: 

 $271,482,857
Other organizations performing similar types of work: 

 $121,224

Expenses in 2013: $10,605,097
Charles Koch Institute: 

 $10,605,097
Other organizations performing similar types of work: 

 $236,140

Income to expenses ratio in 2013: 4.9
This organization: 

 4.9
Other organizations performing similar types of work: 

 1.1

Number of employees in 2013: 119
Charles Koch Institute: 

 119
Other organizations performing similar types of work: 

 5

Employees paid over $100,000 in 2013: 5.0%
This organization: 

 5.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 82.6%
Charles Koch Institute: 

 82.6%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
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?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesNo
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 positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
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, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
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 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance 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 of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
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?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
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?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096219256
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return61103119
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYesYes
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 other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$573,099$626,632
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$35,563$57,322
Total number of individuals who received more than $100,000 of reportable compensation from the organization44
Total number of independent contractors who received more than $100,000 of compensation from the organization02
Statement of Revenue
201120122013
Total revenue$63,172,400$170,261,053$52,029,075
Contributions, Gifts, Grants and Other Similar Amounts$63,168,455$168,295,046$42,965,417
Program Service Revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$630$1,633,054$4,992,141
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$0$301,075$4,048,440
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$301,075 / $0$4,048,440 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $0
Gain or (loss) (Securities / Other)$0 / $0$301,075 / $0$4,048,440 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$3,315$31,878$23,077
900099$3,315$41,682$23,077
All other revenue$0$-9,804$23,077
Statement of Functional Expenses
201120122013
Total functional expenses$2,251,895$8,577,448$10,605,097
Grants and other assistance to domestic organizations and domestic governments$0$0$52,500
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$98,646$214,851$235,583
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$831,792$3,412,598$4,205,700
Pension plan accruals and contributions$36,579$137,005$174,373
Other employee benefits$8,492$290,624$412,409
Payroll taxes$54,434$255,039$321,473
Fees for services (non-employees)
Management$0$0$0
Legal$2,602$48,473$60,929
Accounting$0$8,240$7,540
Lobbying$0$0$0
Professional fundraising services$0$0$0
Investment management fees$57$18,464$28,161
Other$296,464$1,443,185$1,584,565
Advertising and promotion$62,473$318,773$159,399
Office expenses$41,800$503,179$307,130
Information technology$60,479$153,130$165,658
Royalties$0$0$0
Occupancy$505,296$681,393$1,479,836
Travel$105,467$659,408$912,266
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$11,589$52,587$146,276
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$92,176$313,699$296,190
Insurance$9,082$10,862$5,654
Other expenses$0$49,025$36,810
Other expenses$0$0$12,645
Balance Sheet
201120122013
Total assets$60,925,272$223,926,592$271,482,857
Cash - non-interest-bearing$132,314$506,122$917,543
Savings and temporary cash investments$60,048,295$54,648,457$91,387,714
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$3,315$6,973$19,535
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$7,262$28,654$135,332
Land, buildings, and equipment: cost or other basis$734,086$828,587$567,951
Investments - publicly traded securities$0$0$0
Investments - other securities$0$167,907,799$178,454,782
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$4,767$334,621$520,329
Accounts payable and accrued expenses$4,767$331,743$520,329
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$2,878$0
Total net assets or fund balances$60,920,505$223,591,971$270,962,528
Unrestricted net assets$60,920,505$223,591,971$270,962,528
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Charles Koch Institute1515 N Courthouse Rd Ste 200, Arlington, VA 22201-2915VA2011-08$52,029,075
2Southside Virginia Higher Education Center820 Bruce St, South Boston, VA 24592-3815VA2012-06$7,473,584
3The Institute For The Psychological Sciences Inc2001 Jefferson Davis Hwy Ste 511, Arlington, VA 22202-3609VA1999-07$4,961,529
4Virginia Advanced Study Strategiesinc820 Bruce St, South Boston, VA 24592-3815VA2007-09$4,135,026
5California University Of Management& Sciences, Calums5105e Backlick Rd, Annandale, VA 22003-6005VA2009-07$1,120,151
6Center For Emergency Health Services IncPO BOX 5804, Williamsburg, VA 23188-5213VA2007-04$309,353
7The Virginia Science Technology Engineering And Applied MathematicP O Box 324, Suffolk, VA 23439VA2012-06$166,980
8Asher Comprehensive Training Center IncPO BOX 13512, Richmond, VA 23225-8512VA2002-10$79,632
9Christ College Inc200 Pisgah Rd, Tazewell, VA 24651-9776VA2011-07$36,867
10Roanoke Higher Education Center Foundation Inc108 North Jefferson Street, Roanoke, VA 24016-2411VA1999-05$485
11Benjamin Franklin University4327 Ravensworth Rd 223, Annandale, VA 22003VA1996-02$0
12Inter Denominational Bible Institute IncPO BOX 887, Lawrenceville, VA 23868-0887VA1999-03$0
13Landon N Rosen International School Of Writers For HarmonyPO BOX 1246, Mclean, VA 22101-1246VA2015-02$0
14Lombardi Family Foundation25604 Twelve Cedars Ct, Chantilly, VA 20152-1975VA2015-03$0
15Miami Music Institute Inc5918 Peregrine Drive, Burke, VA 22015VA2014-12$0
16Millennium Training1500 Porter Street, Richmond, VA 23224VA2009-04$0
17Open Developers Foundation Inc5605 4th Street South, Arlington, VA 22204VA2014-06$0
18Union Presbyterian Seminary3401 Brook Rd, Richmond, VA 23227-4514VA1999-07$0
19United States University For Health Consciousness14641 Lee Highway Suite D105, Centreville, VA 20121VA2013-07$0
20Virginia State Science & Engineering Fair Inc2401 Hartman Street Math Science, Richmond, VA 23223VA2011-06$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas6
Arizona12
California73
Colorado15
Connecticut5
District of Columbia5
Delaware1
Florida29
Georgia16
Hawaii11
Iowa1
Idaho8
Illinois20
Indiana9
Kansas5
Kentucky4
Louisiana5
Massachusetts13
Maryland10
Maine7
Michigan13
Minnesota10
Missouri5
Mississippi1
North Carolina14
North Dakota1
Nebraska3
New Hampshire5
New Jersey11
New Mexico3
Nevada9
New York27
Ohio12
Oklahoma8
Oregon8
Pennsylvania20
Rhode Island2
South Carolina3
Tennessee6
Texas28
Utah4
Virginia23
Vermont3
Washington14
Wisconsin4
West Virginia2
International8
Total507

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