Nonprofit · EIN 95-1958142
RAND CORPORATION
Tax-exempt · SANTA MONICA, CA 90408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $534,596,094 | $527,283,384 | $7,312,710 | $773,342,549 | $258,593,702 | $514,748,847 |
| September 30, 2024 | 990 | $461,536,647 | $448,980,752 | $12,555,895 | $743,919,280 | $238,238,247 | $505,681,033 |
| September 30, 2023 | 990 (amended) | $467,202,380 | $413,015,979 | $54,186,401 | $703,697,953 | $238,192,752 | $465,505,201 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $488,777,692
- of which government grants
- $348,829,922
- Program service revenue
- $16,492,578
- Investment income
- $29,022,838
- Net gain from sales of assets
- $19,239,764
- Other revenue
- $302,986
Expenses
- Grants and similar amounts paid
- $4,037,952
- Compensation of officers, directors and key employees
- $5,511,841
- Other salaries and wages
- $241,260,723
- Salaries, compensation and benefits (total)
- $364,489,133
- Professional fundraising fees
- $0
- Legal fees
- $2,747,809
- Accounting fees
- $739,200
- Occupancy
- $14,136,462
- Travel
- $11,981,669
- Depreciation
- $3,555,073
- Program services (functional)
- $439,044,364
- Management and general (functional)
- $83,496,557
- Fundraising (functional)
- $4,742,463
Balance sheet and other
- Total assets, start of year
- $743,919,280
- Total assets, end of year
- $773,342,549
- Total liabilities, end of year
- $258,593,702
- Net assets, end of year
- $514,748,847
- Land, buildings and equipment
- $84,337,209
- Publicly traded securities
- $159,080,481
- Net assets without donor restrictions
- $254,326,560
- Net assets with donor restrictions
- $260,422,287
- Gross unrelated business income
- $973,769
- Gross receipts
- $617,826,605
- Employees
- 2,556
- Volunteers
- 12
- Year formed
- 1948
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Matheny | President & CEO Trustee or director, Officer | 40 | $1,093,204 | $89,465 |
| Andrew Hoehn | SVP, Research and Analysis Officer | 40 | $690,323 | $60,340 |
| Eric Peltz | SVP, Finance & Operations Officer | 40 | $603,636 | $75,171 |
| Michael J Januzik | VP, Chief Financial Officer Officer | 40 | $499,455 | $71,624 |
| Nancy Staudt | Dean, RAND School of Public Policy Officer | 40 | $514,037 | $56,774 |
| Robert M Case | VP, General Counsel & Corp Sec Officer | 40 | $482,162 | $85,435 |
| Peter Hussey | VP, Health Care Highest-paid employee | 40 | $438,398 | $81,338 |
| Barry Pavel | VP, NSRD Highest-paid employee | 40 | $443,406 | $73,342 |
| Sally Sleeper | VP, Arroyo Center Highest-paid employee | 40 | $439,889 | $57,933 |
| James Chow | VP, Project Air Force Highest-paid employee | 40 | $425,754 | $70,852 |
| Anita Chandra | VP, Social & Economic Well-Being Highest-paid employee | 40 | $441,533 | $54,016 |
| Lester Arnold | VP, Chief Human Resources Officer Key employee | 40 | $385,009 | $66,443 |
| Christine Lanoie-Newman | VP, Chief Development Officer Key employee | 40 | $336,751 | $81,325 |
| Janet Napolitano | Trustee Trustee or director | 1 | $4,500 | $0 |
| Lionel C Johnson | Trustee Trustee or director | 1 | $4,200 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary E Peters | Trustee Trustee or director | 1 | $4,200 |
| Richard J Danzig | Trustee (PART YEAR) Trustee or director | 1 | $2,850 |
| Chuck Hagel | Trustee Trustee or director | 1 | $2,800 |
| Soledad O'Brien | Trustee Trustee or director | 1 | $2,800 |
| David L Porges | Trustee Trustee or director | 1 | $2,100 |
| Joel Z Hyatt | Trustee Trustee or director | 1 | $2,100 |
| Pedro Jose Greer Jr | Trustee Trustee or director | 1 | $2,100 |
| Karen Elliott House | Trustee Trustee or director | 1 | $1,400 |
| Meghan L OSullivan | Trustee Trustee or director | 1 | $1,400 |
| Carl Bildt | Trustee Trustee or director | 1 | $0 |
| Francis Fukuyama | Trustee Trustee or director | 1 | $0 |
| Kenneth Feinberg | Trustee Trustee or director | 1 | $0 |
| Leonard D Schaeffer | Trustee Trustee or director | 1 | $0 |
| Matthew Pottinger | Trustee (PART YEAR) Trustee or director | 1 | $0 |
| Michael E Leiter | Trustee Trustee or director | 1 | $0 |
| Michael Lynton | Trustee Trustee or director | 1 | $0 |
| Peter Lowy | Trustee Trustee or director | 1 | $0 |
| Philip Lader | Trustee Trustee or director | 1 | $0 |
| Raynard S Kington | Trustee Trustee or director | 1 | $0 |
| Stefanie Tompkins | Trustee (PART YEAR) Trustee or director | 1 | $0 |
| Teresa Wynn Roseborough | Trustee Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Matheny | President and CEO Trustee or director, Officer | 40 | $1,042,328 | $70,691 |
| ANDREW HOEHN | SVP, RESEARCH AND ANALYSIS Officer | 40 | $641,216 | $56,814 |
| ERIC PELTZ | SVP, Finance & Operations Officer | 40 | $570,023 | $77,478 |
| MICHAEL J JANUZIK | VP, CHIEF FINANCIAL OFFICER Officer | 40 | $468,561 | $66,297 |
| ROBERT CASE | VP, GENERAL CNSL & CORP SEC Officer | 40 | $447,122 | $77,235 |
| Nancy Staudt | Dean, Pardee RAND Graduate School Officer | 40 | $471,581 | $52,193 |
| KEVIN JACK RILEY | VP, HSRD Highest-paid employee | 40 | $453,117 | $62,177 |
| WINFIELD BOERCKEL | VP, OFFICE OF EXTERNAL AFFAIRS Highest-paid employee | 40 | $426,260 | $75,367 |
| MICHAEL WEITZENFELD | VP, CIO Highest-paid employee | 40 | $424,407 | $75,114 |
| PETER HUSSEY | VP, HEALTH CARE Highest-paid employee | 40 | $410,692 | $76,200 |
| ANITA CHANDRA | VP, SEW Highest-paid employee | 40 | $421,570 | $51,512 |
| LESTER ARNOLD | VP, CHIEF HUMAN RESOURCES OFFICER Key employee | 40 | $338,232 | $60,439 |
| JENNIFER GOULD | FORMER OFFICER Former | 40 | $300,388 | $68,991 |
| MICHAEL RICH | FORMER PRES & CEO Former | 15 | $255,849 | $735 |
| RICHARD J DANZIG | TRUSTEE Trustee or director | 1 | $6,100 | $0 |
| CHUCK HAGEL | TRUSTEE Trustee or director | 1 | $4,200 | $0 |
| LIONEL C JOHNSON | TRUSTEE Trustee or director | 1 | $4,200 | $0 |
| PHILIP LADER | TRUSTEE (PART YEAR) Trustee or director | 1 | $3,500 | $0 |
| SOLEDAD O'BRIEN | TRUSTEE Trustee or director | 1 | $2,800 | $0 |
| CARL O BILDT | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| JANET NAPOLITANO | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| MARY E PETERS | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| MICHAEL E LEITER | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| PEDRO JOSE GREER JR | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| KENNETH FEINBERG | TRUSTEE (PART YEAR) Trustee or director | 1 | $1,400 | $0 |
| DAVID L PORGES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANCIS FUKUYAMA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOEL Z HYATT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KAREN ELLIOTT HOUSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEONARD D SCHAEFFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MEGHAN O'SULLIVAN | TRUSTEE (PART YEAR) Trustee or director | 1 | $0 | $0 |
| MICHAEL LYNTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER LOWY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAYNARD S KINGTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERESA ROSEBOROUGH | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL RICH | PRESIDENT & CEO Former | 15 | $988,848 | $53,509 |
| ANDREW HOEHN | SVP, RESEARCH AND ANALYSIS Officer | 40 | $529,129 | $53,554 |
| ERIC PELTZ | SVP, Finance & Operations Officer | 40 | $464,635 | $71,548 |
| Nancy Staudt | Dean, Pardee RAND Graduate School Officer | 40 | $443,897 | $48,092 |
| BRANDON BAKER | VP, DEVELOPMENT Highest-paid employee | 40 | $432,573 | $54,440 |
| MICHAEL J JANUZIK | VP, CHIEF FINANCIAL OFFICER Officer | 40 | $418,262 | $60,907 |
| ROBERT CASE | VP, GENERAL CNSL & CORP SEC Officer | 40 | $403,263 | $70,380 |
| MICHAEL WEITZENFELD | VP, CIO Highest-paid employee | 40 | $400,431 | $68,855 |
| Jason Matheny | President and CEO (Start 7/5/22) Officer | 40 | $426,335 | $41,274 |
| KEVIN JACK RILEY | VP, HSRD Highest-paid employee | 40 | $404,169 | $59,904 |
| CHERYL DAMBERG | SR, ECONOMIST PRINCIPAL Highest-paid employee | 40 | $376,220 | $72,620 |
| ANITA CHANDRA | VP, SEW Highest-paid employee | 40 | $376,971 | $47,330 |
| ALLISON E ELDER | VP, HUMAN RESOURCES Key employee | 40 | $330,146 | $63,351 |
| JENNIFER GOULD | FORMER OFFICER Former | 40 | $248,333 | $61,017 |
| DONALD B RICE | TRUSTEE (Part Year) Trustee or director | 1 | $4,200 | $0 |
| GERALD L PARSKY | TRUSTEE (PART YEAR) Trustee or director | 1 | $4,200 | $0 |
| JANET NAPOLITANO | TRUSTEE Trustee or director | 1 | $4,200 | $0 |
| MICHAEL GOULD | TRUSTEE (Part Year) Trustee or director | 1 | $4,200 | $0 |
| LIONEL C JOHNSON | TRUSTEE Trustee or director | 1 | $3,500 | $0 |
| CARL O BILDT | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| CHUCK HAGEL | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| KENNETH FEINBERG | TRUSTEE (PART YEAR) Trustee or director | 1 | $2,100 | $0 |
| MARY E PETERS | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| PHILIP LADER | TRUSTEE (Part Year) Trustee or director | 1 | $2,100 | $0 |
| RICHARD J DANZIG | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| SOLEDAD O'BRIEN | TRUSTEE Trustee or director | 1 | $2,100 | $0 |
| DAVID L PORGES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANCIS FUKUYAMA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOEL Z HYATT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KAREN ELLIOTT HOUSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEONARD D SCHAEFFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MALCOLM GLADWELL | TRUSTEE (Part Year) Trustee or director | 1 | $0 | $0 |
| MICHAEL E LEITER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL LYNTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PEDRO JOSE GREER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER LOWY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAYNARD S KINGTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERESA ROSEBOROUGH | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2138, SANTA MONICA, CA 90408-0000
- In care of
- % ERIC PELTZ
- Principal officer (990 for 2024)
- JASON MATHENY, 1776 Main Street PO Box 2138, Santa Monica, CA 904072138
- Signed the 990
- ERIC PELTZ, SVP & CFO
- Phone
- (310) 393-0411
- Website
- WWW.RAND.ORG
- Return prepared by
- ERNST & YOUNG US LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-1958142 or by the name RAND CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
HELP IMPROVE POLICY AND DECISION MAKING THROUGH RESEARCH AND ANALYSIS.
Program accomplishments
- PUBLIC POLICY RESEARCH ALL IN THE FURTHERANCE OF OUR CHARTER 'TO FURTHER AND PROMOTE SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES ALL FOR THE PUBLIC WELFARE AND SECURITY OF THE UNITED STATES THE OPERATION OF DOCTORAL AND DEGREE PROGRAMS.Expenses $439,044,364 · grants $4,037,952 · revenue $16,492,578
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 95-1958142
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1950
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W050)
- Assets (IRS master file)
- $773,342,549
- Income (IRS master file)
- $617,826,605
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $534,596,094 | $527,283,384 | $773,342,549 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $461,536,647 | $448,980,752 | $743,919,280 | IRS |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $467,202,380 | $413,015,979 | $703,697,953 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $399,092,198 | $370,637,767 | $567,996,770 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-1958142).
Questions about RAND CORPORATION
- What is the EIN of RAND CORPORATION?
- The employer identification number (EIN) of RAND CORPORATION is 95-1958142.
- Is RAND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to RAND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAND CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAND CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAND CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of RAND CORPORATION?
- The 990 for the year ended September 30, 2025 names JASON MATHENY.
- Who are the officers and directors of RAND CORPORATION?
- The 990 for the year ended September 30, 2025 lists 36 people; 24 received compensation from the organization, the highest $1,093,204 (Jason Matheny, President & CEO).
- How much revenue does RAND CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $534,596,094, expenses of $527,283,384 and total assets of $773,342,549 at year end.
Other nonprofits in SANTA MONICA
- LITECOIN FOUNDATION INC EIN 88-1262826 · last filed 990 for 2025
- SANTA MONICA PICKLEBALL CLUB EIN 87-3894765 · last filed 990-EZ for 2024
- THE PEOPLES DIABETES FOUNDATION EIN 47-5249589 · last filed 990 for 2025
- FOURTHWAVE FOUNDATION INC EIN 82-2460280 · last filed 990-EZ for 2024
- 1887 FUND EIN 81-1455642 · last filed 990-EZ for 2024
- REMEMBERING ALL OUR HEROES EIN 82-3142562 · last filed 990-N for 2024
- MIDDLEBURG HEIGHTS & BEREA HISTORICAL PRESERVATION FOUNDATION EIN 85-4240417 · last filed 990-N for 2025
- TEAM UP FOR VETERANS INC EIN 85-3295350 · last filed 990-N for 2024
All nonprofits in SANTA MONICA · California · Public and societal benefit