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ObjectId: 202301299349304130 - Submission: 2023-05-09
TIN: 95-1958142
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
Name of the organization
The Rand Corporation
Employer identification number
95-1958142
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.....
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a?
....
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
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 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2021
Page 2
Schedule J (Form 990) 2021
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) 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 of columns (B)(i)-(iii) 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 of W-2, 1099-MISC compensation, and/or 1099-NEC
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
MICHAEL D RICH
PRESIDENT CEO
(i)
(ii)
744,020
-------------
0
352,754
-------------
0
81,868
-------------
0
52,960
-------------
0
26,818
-------------
0
1,258,420
-------------
0
0
-------------
0
2
ANDREW HOEHN
SVP, RESEARCH AND ANALYSIS
(i)
(ii)
409,224
-------------
0
95,424
-------------
0
4,224
-------------
0
33,460
-------------
0
17,480
-------------
0
559,812
-------------
0
0
-------------
0
3
ERIC PELTZ
SVP, Finance Operations
(i)
(ii)
353,852
-------------
0
92,819
-------------
0
1,276
-------------
0
33,460
-------------
0
34,045
-------------
0
515,452
-------------
0
0
-------------
0
4
MICHAEL J JANUZIK
VP, CHIEF FINANCIAL OFFICER
(i)
(ii)
362,124
-------------
0
35,011
-------------
0
7,102
-------------
0
33,460
-------------
0
28,605
-------------
0
466,302
-------------
0
0
-------------
0
5
ROBERT CASE
VP, GENERAL CNSL CORP SEC
(i)
(ii)
339,624
-------------
0
37,612
-------------
0
822
-------------
0
33,460
-------------
0
38,152
-------------
0
449,670
-------------
0
0
-------------
0
6
ALLISON E ELDER
VP, HUMAN RESOURCES
(i)
(ii)
258,306
-------------
0
43,954
-------------
0
25,755
-------------
0
33,460
-------------
0
28,186
-------------
0
389,661
-------------
0
0
-------------
0
7
KEVIN JACK RILEY
VP, HSRD
(i)
(ii)
336,570
-------------
0
46,575
-------------
0
10,330
-------------
0
33,460
-------------
0
23,145
-------------
0
450,080
-------------
0
0
-------------
0
8
BRANDON BAKER
VP, DEVELOPMENT
(i)
(ii)
350,495
-------------
0
45,228
-------------
0
488
-------------
0
27,660
-------------
0
23,795
-------------
0
447,666
-------------
0
0
-------------
0
9
Terrence Kelly
VP, HSOAC
(i)
(ii)
305,242
-------------
0
57,800
-------------
0
3,082
-------------
0
33,460
-------------
0
24,060
-------------
0
423,644
-------------
0
0
-------------
0
10
SUSAN L MARQUIS
Principal Researcher
(i)
(ii)
298,787
-------------
0
35,278
-------------
0
20,764
-------------
0
33,460
-------------
0
19,210
-------------
0
407,499
-------------
0
0
-------------
0
11
CARL RHODES
DIR, RAND AUSTRALIA (end 12/18/21)
(i)
(ii)
219,842
-------------
0
30,904
-------------
0
96,424
-------------
0
33,460
-------------
0
11,750
-------------
0
392,380
-------------
0
0
-------------
0
12
JENNIFER GOULD
FORMER OFFICER
(i)
(ii)
222,410
-------------
0
17,301
-------------
0
478
-------------
0
24,932
-------------
0
30,874
-------------
0
295,995
-------------
0
0
-------------
0
Schedule J (Form 990) 2021
Page 3
Schedule J (Form 990) 2021
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
Schedule J, Part I, Line 1a First-class or charter travel
RAND'S TRAVEL POLICY PROHIBITS FIRST CLASS TRAVEL EXCEPT IN LIMITED CIRCUMSTANCES. IN ACCORDANCE WITH THIS POLICY, PART VII LISTED PERSONS WILL OCCASIONALLY TRAVEL FIRST CLASS.
Schedule J, Part I, Line 1a Travel for companions
EXCEPT UNDER VERY LIMITED CIRCUMSTANCES, TRAVEL EXPENSES FOR A TRAVELER'S SPOUSE AND/OR FAMILY ARE NOT REIMBURSABLE. ANY SUCH REQUESTS MUST BE APPROVED IN ADVANCE.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
RAND PROVIDES ADDITIONAL BENEFITS TO EMPLOYEES IN CONSIDERATION OF CERTAIN INTERNATIONAL ASSIGNMENTS, SUCH AS TAX INDEMNIFICATIONS, AND TRANSPORTATION ALLOWANCES. BENEFITS ARE TAXABLE AND THUS REPORTED AS INCOME BY THE INDIVIDUAL. THESE BENEFITS ARE DETAILED IN AN AGREEMENT SIGNED BY THE INDIVIDUALS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
IN 2021, MICHAEL RICH RECEIVED PAYMENTS RELATED TO NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). THE ORGANIZATION'S SERP PROVIDES A BENEFIT DETERMINED BY A FORMULA DRIVEN BY COMPENSATION, CONTINIOUS SERVICE, AND AGE. THE BENEFIT IS PAID IMMEDIATELY AFTER THE END OF THE CALENDAR YEAR. THE MAXIMUM DEFERRAL AMOUNT UNDER SECTION 457 (B), $19,500 FOR CY2021, IS DEPOSITED INTO A RABBI TRUST HELD BY THE NEWPORT TRUST (CUSTODIAN), WHICH ALLOWS THE EXECUTIVE TO DIRECT HOW THE BENEFITS WILL BE INVESTED WITHIN THEIR NONQUALIFIED RETIREMENT ACCOUNTS. THE REMAINDER ACCOUNTS ARE PAID DIRECTLY TO THE PARTICIPANT AND ARE INCLUDED AS PART OF THE W-2 EARNINGS UNDER SECTION 457 (F). CY2021 PAYMENTS RELATED TO SECTION 457 (F), INCLUDED IN SCHEDULE J, WERE $69,935 FOR MICHAEL RICH.
Schedule J, Part I, Line 7 Non-fixed payments
AS NOTED IN SCHEDULE O, PART OF THE BONUS PROVIDED TO PARTICIPANTS OF THE VARIABLE COMPENSATION PROGRAM IS DISCRETIONARY. A PREDETERMINED PERCENTAGE OF THE VARIABLE PAY MAY BE AWARDED AT THE DISCRETION OF THE CEO. THE VARIABLE COMPENSATION PROGRAM IS CONTINGENT ON WHETHER CERTAIN GOALS ARE ACHIEVED, INCLUDING CORPORATE FINANCIAL AND STRATEGIC ACHIEVEMENTS, AS WELL AS INDIVIDUAL GOALS. THE CEO, CFO, DIVISION AND DEPARTMENT HEADS, AND OTHERS PARTICIPATE IN THE PROGRAM. AN ANNUAL REVIEW PROCESS, INCLUDING REVIEW BY THE EXECUTIVE COMMITTEE OR COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE, HELPS ENSURE THAT GOAL MEASUREMENT IS VALIDATED AND PAYOUTS ARE IN ACCORDANCE WITH THE PROGRAM.
Schedule J (Form 990) 2021
Additional Data
Software ID:
21014044
Software Version:
2021v4.2