source.by

https://www.rand.org/about/financial_statements.html

Source 2020: https://www.rand.org/about/financial_statements.html | 2020-02-16

        <!DOCTYPE html>
<html prefix="og: http://ogp.me/ns#" class="sticky-header no-js" lang="en">
<head>
<meta http-equiv="X-UA-Compatible" content="IE=Edge"/>
<title>Financial Statements | RAND</title>
<meta name="viewport" content="width=device-width, initial-scale=1">
<meta name="content-type" content="text/html; charset=UTF-8">
<meta name="rand-domains" content='{"rand":"www.rand.org","prgs":"www.prgs.edu","assets":"wwwassets.rand.org"}'>
<meta name="title-terms" content="Financial Statements">
<meta name="description" content="RAND Corporation's financial statements per fiscal year">
<meta name="rand-content-category" content="content">
<meta name="rand-content-type" content="content">
<meta name="rand-date" content="0">
<link rel="canonical" href="https://www.rand.org/about/financial_statements.html">
<meta property="og:title" content="Financial Statements">
<meta property="og:description" content="RAND Corporation's financial statements per fiscal year">
<meta property="og:url" content="https://www.rand.org/about/financial_statements.html">
<meta property="og:image" content="https://wwwassets.rand.org/etc/rand/designs/common/images/logo-1200.png">
<meta name="apple-itunes-app" content="app-id=572011862">
<link rel="stylesheet" href="https://use.typekit.net/sub0vcg.css">
<link rel="stylesheet" href="https://wwwassets.rand.org/etc/rand/designs/common/css/A.base.css.pagespeed.cf.JeS7KMNZTO.css">
<script src="https://wwwassets.rand.org/etc/rand/support/js/core-init.js.pagespeed.jm.qSqK1cSxsv.js"></script>
<link rel="icon" href="/etc/rand/designs/common/images/xfavicon.png.pagespeed.ic.z-tYQoqKiO.png" type="image/png"><script src="https://assets.adobedtm.com/7b44bfa5332b3eae1bfbb635a10267e767a4284f/satelliteLib-ba20fb485110a0c5418b54627a4aec099af80722.js"></script>
<link rel="search" href="/content/dam/rand/xml/search.xml" type="application/opensearchdescription+xml" title="RAND Corporation"/>
<link rel="stylesheet" href="/etc/clientlibs/wcm/foundation/accessibility.min.css" type="text/css"></head>
<body class="corporate three-d">
<ul class="skip-links access" id="top">
<li><a href="#page-content">Skip to page content</a></li>
</ul>
<header id="header" class="full global-header" lang="en" dir="ltr"><div class="header-inner">
<div class="logo-wrap"><div class="brand-wrap">
<a href="/" class="logo">
<img src="https://wwwassets.rand.org/etc/rand/designs/common/images/logo-corp.svg" alt="RAND Corporation" class="corp" width="68" height="68">
</a>
<div class="tag-line corp">Objective Analysis. Effective Solutions.</div>
</div></div>
<div class="header headerNav">
<a href="/site_info/sitemap.html" class="nav-toggle"><span class="label"><span class="access">Toggle</span> Menu</span></a>
<nav aria-label="site-wide">
<h2 class="access">Site-wide navigation</h2>
<div class="secondaryNav htmlBlock">	<ul class="secondary not-compact">
<li class="a" aria-haspopup="true">
<a href="/about.html" class="dd-toggle">About<span class="access"> RAND</span></a>
<ul class="txt">
<li><a href="/about/glance.html">RAND at a Glance</a></li>
<li><a href="/about/vision.html">Vision</a></li>
<li><a href="/about/history.html">History and Mission</a></li>
<li><a href="/about/organization/leadership.html">Leadership</a></li>
<li><a href="/about/organization.html">Organizational Structure</a></li>
<li><a href="/about/contacts.html">Contacts</a></li>
<li><a href="/about/locations.html">Locations</a></li>
<li><a href="/about/standards.html">Quality Standards</a></li>
<li><a href="/about/edu_op.html">Educational Opportunities</a></li>
<li><a href="/jobs.html">Employment</a></li>
</ul>
</li>
<li><a href="/giving.html">Support RAND</a></li>
<li><a href="/news.html">Press Room</a></li>
<li><a href="/events.html">Events</a></li>
</ul></div>
<ul class="main">
<li class="r" aria-haspopup="true">
<h3 class="heading-3"><a href="/research.html" class="dd-toggle">Research</a></h3>
<div class="dropdown row">
<div class="three columns">
<h4 class="heading-4"><a href="/research.html#policy-focus">Research Areas</a></h4>
<ul class="txt"><li><a href="/topics/children-families-and-communities.html" title="RAND research addresses child health and how families and neighborhoods affect child well-being. Other family-focused research covers topics such as immigration, caregiving, and household finances. Through studies on families as well as community resilience, RAND develops solutions to public policy challenges to help make communities throughout the world safer and more secure, healthier and more prosperous.">Children, Families, and Communities</a></li><li><a href="/topics/cyber-and-data-sciences.html" title="RAND was at the forefront of early computing and data science. In the 1950s, we built computers to improve researchers' analytic and modeling capabilities. We also developed data communications technologies that were forerunners of the internet. Today, RAND experts recommend policies and best practices to support safe and secure technological innovation and adoption.">Cyber and Data Sciences</a></li><li><a href="/topics/education-and-literacy.html" title="RAND research on early childhood, K-12, and higher education covers issues such as assessment and accountability, choice-based and standards-based reform, school leadership, teacher effectiveness, technology, and vocational training. RAND also explores life skills, such as media, health, and financial literacy, as well as how time spent outside the classroom impacts student outcomes.">Education and Literacy</a></li><li><a href="/topics/energy-and-environment.html" title="RAND energy and environmental analyses examine the implications of existing and proposed energy policies on the environment. Building on a long history of policy research, RAND helps balance the need for environmental protections and economic development.">Energy and Environment</a></li><li><a href="/topics/health-health-care-and-aging.html" title="RAND advances understanding of health and health behaviors, and examines how the organization and financing of care affect costs, quality, and access. Our body of research includes innovative studies of health insurance, health care reform, and health information technology, as well as obesity, substance abuse, and PTSD. RAND findings also help inform policies that aim to improve the health of seniors and the care they receive.">Health, Health Care, and Aging</a></li><li><a href="/topics/homeland-security-and-public-safety.html" title="RAND conducts analyses and makes recommendations to strengthen the U.S. Department of Homeland Security across its full set of missions to prevent terrorism and enhance security, secure and manage America's borders, enforce and administer immigration laws, safeguard and secure cyberspace, and strengthen preparedness and resilience. In the area of public safety, RAND research addresses drug policy, crime, prison reform, and prisoner reentry, and other topics.">Homeland Security and Public Safety</a></li><li><a href="/topics/infrastructure-and-transportation.html" title="RAND research addresses the challenges of developing, managing, and protecting energy, transportation, water, communications, and other critical infrastructure throughout the world.">Infrastructure and Transportation</a></li><li><a href="/topics/international-affairs.html" title="RAND's international affairs research comprises a range of cross-cutting issues, including global economies and trade, space and maritime security, diplomacy, global health and education, nation building, and regional security and stability. RAND also analyzes the policies and effectiveness of international organizations such as the UN, NATO, European Union, and ASEAN.">International Affairs</a></li><li><a href="/topics/law-and-business.html" title="RAND work in law, business, and regulation includes analyses of alternative dispute resolution, asbestos litigation, workers' compensation, insurance, and other civil justice matters. This research often has implications for the private sector, such as entrepreneurs facing legal and regulatory hurdles, or multinational corporations dealing with corporate ethics and governance issues.">Law and Business</a></li><li><a href="/topics/national-security-and-terrorism.html" title="RAND conducts a broad array of national security research for the U.S. Department of Defense and allied ministries of defense. Our federally funded research and development centers (FFRDCs) explore threat assessment, military acquisition, technology, recruitment and personnel management, counterinsurgency, intelligence, and readiness. RAND is a world leader in terrorism research. Studies address such topics as terrorism financing and strategies to undermine violent extremism.">National Security and Terrorism</a></li><li><a href="/topics/science-and-technology.html" title="RAND experts have often been among the pioneers of key scientific research, including computer analysis, satellite development, military technology, and the foundations of the Internet. RAND's research has also resulted in the development of new methodologies and ways of analyzing policy issues, from the Delphi method to Robust Decision Making.">Science and Technology</a></li><li><a href="/topics/workers-and-the-workplace.html" title="Demand for educated, versatile workers who can interpret complex information and adapt to innovation is higher than ever. RAND pursues research that helps people, organizations, and governments understand how workers can remain engaged and productive in a changing global economy. Studies address workforce development, gender equity in the workplace, working conditions, and workplace wellness programs.">Workers and the Workplace</a></li></ul>
</div>
<div class="three columns">
<div class="featuredTopics">
<h4 class="nolink heading-4">Trending Topics</h4>
<ul class="txt" id="research-trending-topics">
<li><a href="/topics/media-literacy.html">Media Literacy</a></li><li><a href="/topics/international-economic-relations.html">International Economic Relations</a></li><li><a href="/topics/health-care-costs.html">Health Care Costs</a></li><li><a href="/topics/artificial-intelligence.html">Artificial Intelligence</a></li><li><a href="/topics/academic-achievement.html">Academic Achievement</a></li><li><a href="/topics/terrorism-threat-assessment.html">Terrorism Threat Assessment</a></li><li><a href="/topics/gun-violence.html">Gun Violence</a></li><li><a href="/topics/global-climate-change.html">Global Climate Change</a></li>
</ul></div>
<a href="/topics.html" class="all">All Topics</a>
<a href="/pubs.html" class="all">Browse Reports</a>
</div>
<div class="six columns">
<div class="researchDivisions htmlBlock">	<h4 class="heading-4"><a href="/research.html#research-programs">Research Divisions</a></h4>
<div class="row">
<div class="six columns">
<ul class="txt division-list">
<li><a href="/hsrd/hsoac.html">Homeland Security Operational Analysis Center</a></li>
<li><a href="/ard.html">RAND Army Research Division</a></li>
<li><a href="/australia.html">RAND Australia</a></li>
<li><a href="/education-and-labor.html">RAND Education and Labor</a></li>
<li><a href="/randeurope.html">RAND Europe</a></li>
<li><a href="/health-care.html">RAND Health Care</a></li>
<li><a href="/nsrd.html">RAND National Security Research Division</a></li>
<li><a href="/paf.html">RAND Project AIR FORCE</a></li>
<li><a href="/well-being.html">RAND Social and Economic Well-Being</a></li>
</ul>
</div>
<div class="six columns">
<h5 class="heading-5">Featured Research Activities</h5>
<ul class="txt feat-act">
<li><a href="/international.html">RAND International</a>
<ul>
<li><a href="/international/capp.html">Center for Asia Pacific Policy</a></li>
<li><a href="/international/cgrs.html">Center for Global Risk and Security</a></li>
<li><a href="/international/cmepp.html">Center for Middle East Public Policy</a></li>
<li><a href="/international/cre.html">Center for Russia and Eurasia</a></li>
</ul>
</li>
<li><a href="/gulf-states.html">RAND Gulf States Policy Institute</a></li>
</ul>
<a href="/jobs/research-departments.html" class="all">Research Departments</a>
</div>
</div></div>
</div>
</div>
</li>
<li class="i" aria-haspopup="true">
<h3 class="heading-3"><a href="/latest.html" class="dd-toggle">Latest Insights</a></h3>
<div class="dropdown row">
<div class="four columns" id="latest-insights-reports">
<h4 class="heading-4"><a href="/pubs.html">Reports</a></h4>
<div class="reports teaserList parbase">
<div id="tl_caece773-0092-4d8f-8bf4-9b558ed67d41" class=" "><ul class="teasers list">
<li>
<div class="img-wrap"><a href="https://www.rand.org/pubs/perspectives/PE331.html"><img src="https://wwwassets.rand.org/content/rand/pubs/perspectives/PE331/jcr:content/par/teaser.aspectfit.0x280.jpg/x1582054350272.jpg.pagespeed.ic.N3FgiWe4iV.jpg" alt="Russian President Vladimir Putin attends a ceremony for newly appointed foreign ambassadors to Russia, in Moscow, Russia, February 5, 2020, photo by Sputnik/Aleksey Nikolskyi/Kremlin via Reuters" width="375" height="280"></a></div><div class="text"><h3><a href="https://www.rand.org/pubs/perspectives/PE331.html">How to Understand and Respond to Russian Subversion</a></h3>
</div></li>
<li>
<div class="img-wrap"><a href="https://www.rand.org/pubs/perspectives/PE350.html"><img src="https://wwwassets.rand.org/content/rand/pubs/perspectives/PE350/jcr:content/par/teaser.aspectfit.0x280.jpg/x1581611052491.jpg.pagespeed.ic.eMPrU6Kyms.jpg" alt="U.S. President Barack Obama and Russian President Dmitry Medvedev sign the New Strategic Arms Reduction Treaty at Prague Castle in the Czech Republic, April 8, 2010, photo by Jason Reed/Reuters" width="375" height="280"></a></div><div class="text"><h3><a href="https://www.rand.org/pubs/perspectives/PE350.html">The Military Case for Extending New START</a></h3>
</div></li></ul>
</div></div>
</div>
<div class="four columns" id="latest-insights-blogs">
<h4 class="heading-4"><a href="/blog.html">Blog Posts</a></h4>
<div class="blogPosts teaserList parbase">
<div id="tl_80e064ff-0880-48c2-a8a8-3b44b96ac75d" class=" "><ul class="teasers list">
<li>
<div class="img-wrap"><a href="https://www.rand.org/blog/2020/02/weekly-recap-february-14.html"><img src="https://wwwassets.rand.org/content/rand/blog/2020/02/weekly-recap-february-14/jcr:content/par/teaser.aspectfit.0x280.jpg/x1581705630520.jpg.pagespeed.ic.f_PF73bfrT.jpg" alt="" width="375" height="280"></a></div><div class="text"><h3><a href="https://www.rand.org/blog/2020/02/weekly-recap-february-14.html">Infectious Diseases, Zimbabwe, Students with Disabilities: RAND Weekly Recap</a></h3>
</div></li>
<li>
<div class="img-wrap"><a href="https://www.rand.org/blog/2020/02/jumpstarting-arms-control-talks-with-russia-a-low-risk.html"><img src="https://wwwassets.rand.org/content/rand/blog/2020/02/jumpstarting-arms-control-talks-with-russia-a-low-risk/jcr:content/par/teaser.aspectfit.0x280.jpg/x1581631915040.jpg.pagespeed.ic.fF8zswVO9r.jpg" alt="Russian President Vladimir Putin uses a pair of binoculars while overseeing the military exercises known as "Centre-2019" in Orenburg Region, Russia September 20, 2019, photo by Sputnik/Alexei Nikolsky/Kremlin via Reuters " width="375" height="280"></a></div><div class="text"><h3><a href="https://www.rand.org/blog/2020/02/jumpstarting-arms-control-talks-with-russia-a-low-risk.html">Jumpstarting Arms Control Talks with Russia: A Low-Risk Gambit</a></h3>
</div></li></ul>
</div></div>
</div>
<div class="four columns" id="latest-insights-in-brief">
<h4 class="heading-4"><a href="/multimedia.html">Multimedia</a></h4>
<div class="multimedia teaserList parbase">
<div id="tl_922a94de-c638-49b4-97c5-f31fb46b1551" class=" "><ul class="teasers list">
<li class="multimedia">
<div class="img-wrap"><a href="/multimedia/video/2020/02/05/from-sars-to-2019-coronavirus-us-china-collaborations-on-pandemic-response.html"><img src="https://wwwassets.rand.org/content/rand/multimedia/video/2020/02/05/from-sars-to-2019-coronavirus-us-china-collaborations-on-pandemic-response/jcr:content/par/teaser_copy_copy.aspectfit.0x280.jpg/x1581455112960.jpg.pagespeed.ic.CR7P4EbBw8.jpg" alt="" width="375" height="280"></a></div><div class="text"><h3><a href="/multimedia/video/2020/02/05/from-sars-to-2019-coronavirus-us-china-collaborations-on-pandemic-response.html">From SARS to 2019-Coronavirus (nCoV): U.S.-China Collaborations on Pandemic Response</a></h3>
</div></li>
<li class="multimedia">
<div class="img-wrap"><a href="/multimedia/podcasts/policy-currents.html"><img src="https://wwwassets.rand.org/content/rand/multimedia/podcasts/policy-currents/jcr:content/par/teaser.aspectfit.0x280.jpg/x1552419815443.jpg.pagespeed.ic.IyAdfvPVpQ.jpg" alt="Policy Currents" width="376" height="280"></a></div><div class="text"><h3><a href="/multimedia/podcasts/policy-currents.html">The Policy Currents Podcast</a></h3>
</div></li></ul>
</div></div>
</div>
</div>
</li>
<li class="e" aria-haspopup="true">
<h3 class="heading-3"><a href="/about/people.html" class="dd-toggle">Policy Experts</a></h3>
<div class="dropdown row">
<div class="four columns">
<h4 class="heading-4"><a href="/about/people.html">All Experts</a></h4>
<h5 class="heading-5">Spotlight</h5>
<div class="featuredExperts">
<ul class="spotlights" id="spotlight-experts">
<li>
<a href="/about/people/g/grossman_derek.html"><img src="https://wwwassets.rand.org/content/rand/about/people/g/grossman_derek/jcr:content/par/bio.aspectcrop.130x130.cm.jpg/x1501722205431.jpg.pagespeed.ic.tTOvx4yrfC.jpg" alt="derek grossman, g0597" width="130" height="130"></a>
<h5 class="heading-5"><a href="/about/people/g/grossman_derek.html">Derek Grossman</a>
<a href="https://twitter.com/DerekJGrossman" class="t">@DerekJGrossman</a>
</h5>
<dl>
<dt>Commentary:</dt>
<dd><a href="https://www.rand.org/blog/2020/02/where-does-chinas-one-country-two-systems-stand-in.html">Where Does China's 'One Country, Two Systems' Stand in 2020?</a></dd>
</dl>
</li>
<li>
<a href="/about/people/k/kaye_dalia_dassa.html"><img src="https://wwwassets.rand.org/content/rand/about/people/k/kaye_dalia_dassa/jcr:content/par/bio.aspectcrop.130x130.cm.jpg/x1495296353495.jpg.pagespeed.ic.hgiE9CwEXg.jpg" alt="Dalia Dassa Kaye" width="130" height="130"></a>
<h5 class="heading-5"><a href="/about/people/k/kaye_dalia_dassa.html">Dalia Dassa Kaye</a>
</h5>
<dl>
<dt>Commentary:</dt>
<dd><a href="https://www.rand.org/blog/2020/02/peace-with-the-region-is-not-a-peace-plan.html">Peace with the Region Is Not a Peace Plan</a></dd>
</dl>
</li>
</ul>
</div>
</div>
<div class="eight columns">
<h4 class="nolink heading-4">By Research Area</h4>
<div class="row">
<ul class="txt six columns"><li><a href="/about/people.html?topic=children-families-and-communities">Children, Families, and Communities</a></li><li><a href="/about/people.html?topic=cyber-and-data-sciences">Cyber and Data Sciences</a></li><li><a href="/about/people.html?topic=education-and-literacy">Education and Literacy</a></li><li><a href="/about/people.html?topic=energy-and-environment">Energy and Environment</a></li><li><a href="/about/people.html?topic=health-health-care-and-aging">Health, Health Care, and Aging</a></li><li><a href="/about/people.html?topic=homeland-security-and-public-safety">Homeland Security and Public Safety</a></li></ul><ul class="txt six columns"><li><a href="/about/people.html?topic=infrastructure-and-transportation">Infrastructure and Transportation</a></li><li><a href="/about/people.html?topic=international-affairs">International Affairs</a></li><li><a href="/about/people.html?topic=law-and-business">Law and Business</a></li><li><a href="/about/people.html?topic=national-security-and-terrorism">National Security and Terrorism</a></li><li><a href="/about/people.html?topic=science-and-technology">Science and Technology</a></li><li><a href="/about/people.html?topic=workers-and-the-workplace">Workers and the Workplace</a></li></ul>
</div>
</div>
</div>
</li>
<li class="c" aria-haspopup="true">
<h3 class="heading-3"><a href="/capabilities.html" class="dd-toggle">Capabilities</a></h3>
<div class="dropdown row">
<div class="five columns">
<div class="capabilities htmlBlock">	<p class="intro">Drawing upon decades of experience, RAND provides research services, systematic analysis, and innovative thinking to a global clientele that includes government agencies, foundations, and private-sector firms.</p>
<div class="row">
<div class="six columns">
<ul class="txt">
<li><a href="/capabilities.html">Capabilities Overview</a></li>
<li><a href="/capabilities/solutions.html">RAND Solutions</a></li>
</ul>
<h5 class="heading-5">Who We Work For</h5>
<ul class="txt">
<li><a href="/capabilities/public.html">Public Sector</a></li>
<li><a href="/capabilities/philanthropic.html">Philanthropic Sector</a></li>
<li><a href="/capabilities/private.html">Private Sector</a></li>
</ul>
</div>
<div class="six columns">
<h5 class="heading-5">Work with Us</h5>
<ul class="txt">
<li><a href="/capabilities/business-contacts.html">Explore Business Contacts</a></li>
</ul>
<h5 class="heading-5">About RAND Research</h5>
<ul class="txt">
<li><a href="/capabilities/disciplinary-expertise.html">Disciplinary Expertise</a></li>
<li><a href="/about/standards.html">Quality Standards</a></li>
</ul>
</div>
</div></div>
</div>
<div class="seven columns" id="nav-case-studies">
<h4 class="heading-4"><a href="/capabilities/solutions.html">Featured Solutions</a></h4>
<div class="caseStudies teaserList parbase">
<div id="tl_1d423b8d-ca01-4cf9-84ae-990a5488492f" class=" "><ul class="teasers list">
<li>
<div class="img-wrap"><a href="/capabilities/solutions/helping-children-cope-with-trauma.html"><img src="https://wwwassets.rand.org/content/rand/capabilities/solutions/helping-children-cope-with-trauma/jcr:content/par/teaser.aspectfit.0x280.jpg/x1563384325954.jpg.pagespeed.ic.78to_ZaXsE.jpg" alt="depressed teen boy carrying backpack" width="375" height="280"></a></div><div class="text"><h3><a href="/capabilities/solutions/helping-children-cope-with-trauma.html">Helping Children Cope with Trauma: A School-Based Intervention</a></h3>
</div></li>
<li>
<div class="img-wrap"><a href="/capabilities/solutions/planning-for-the-rising-costs-of-dementia.html"><img src="https://wwwassets.rand.org/content/rand/capabilities/solutions/planning-for-the-rising-costs-of-dementia/jcr:content/par/teaser.aspectfit.0x280.jpg/x1553121474666.jpg.pagespeed.ic.2WM1XhlWST.jpg" alt="A younger man helping an elderly man who is using a walker" width="375" height="280"></a></div><div class="text"><h3><a href="/capabilities/solutions/planning-for-the-rising-costs-of-dementia.html">Planning for the Rising Costs of Dementia</a></h3>
</div></li>
<li>
<div class="img-wrap"><a href="/capabilities/solutions/addressing-the-invisible-wounds-of-war.html"><img src="https://wwwassets.rand.org/content/rand/capabilities/solutions/addressing-the-invisible-wounds-of-war/jcr:content/par/teaser.aspectfit.0x280.jpg/x1495299871581.jpg.pagespeed.ic.heNwuIROuh.jpg" alt="Sailors aboard the USS San Jacinto pray for suicide victims during a suicide prevention and awareness event called Walk Out of Darkness" width="375" height="280"></a></div><div class="text"><h3><a href="/capabilities/solutions/addressing-the-invisible-wounds-of-war.html">Addressing the Invisible Wounds of War</a></h3>
</div></li>
<li>
<div class="img-wrap"><a href="/capabilities/solutions/helping-coastal-communities-plan-for-climate-change.html"><img src="https://wwwassets.rand.org/content/rand/capabilities/solutions/helping-coastal-communities-plan-for-climate-change/jcr:content/par/teaser.aspectfit.0x280.jpg/x1553120286662.jpg.pagespeed.ic.E2l5iL6_Ac.jpg" alt="Sunrise over Louisiana wetlands" width="375" height="280"></a></div><div class="text"><h3><a href="/capabilities/solutions/helping-coastal-communities-plan-for-climate-change.html">Helping Coastal Communities Plan for Climate Change</a></h3>
</div></li></ul>
</div></div>
</div>
</div>
</li>
<li class="g" aria-haspopup="true">
<h3 class="heading-3"><a href="https://www.prgs.edu/" class="dd-toggle">Graduate <span>School</span></a></h3>
<div class="dropdown row">
<div class="four columns">
<div class="prgsText htmlBlock">	<p class="intro">The Pardee RAND Graduate School <span class="nowrap">(<a href="https://www.prgs.edu">PRGS.edu</a>)</span> is the largest public policy Ph.D. program in the nation and the only program based at an independent public policy research organization—the RAND Corporation.</p>
<ul class="txt">
<li><a href="https://www.prgs.edu/about.html">About PRGS</a></li>
<li><a href="https://www.prgs.edu/admissions.html">Admissions</a></li>
<li><a href="https://www.prgs.edu/degree-program.html">Academics and Degree Program</a></li>
<li><a href="https://www.prgs.edu/students.html">Students</a></li>
<li><a href="https://www.prgs.edu/faculty.html">Faculty</a></li>
</ul></div>
</div>
<div class="four columns">
<div class="prgsVideo htmlBlock">
<h3 class="heading-4"><a href="http://www.prgs.edu/">Featured Video on PRGS.edu</a></h3>
<div class="video">
<a href="http://www.youtube.com/watch?v=33gnOcJ0fIM">
<img src="https://i1.ytimg.com/vi/33gnOcJ0fIM/0.jpg" alt="">
<h4 class="heading-5">Overview: Pardee RAND Graduate School</h4>
</a>
</div></div>
</div>
<div class="four columns">
<h4 class="nolink heading-4">Student Spotlight</h4>
<div class="featuredStudents">
<ul class="spotlights" id="students-spotlight">
<li>
<a href="/about/people/j/johnson_noah.html">
<img src="https://wwwassets.rand.org/content/rand/about/people/j/johnson_noah/jcr:content/par/bio.aspectcrop.130x130.cm.jpg/x1538503310036.jpg.pagespeed.ic._1qBkC4Z-X.jpg" alt="" width="130" height="130">
</a>
<h5 class="heading-5"><a href="/about/people/j/johnson_noah.html">Noah Johnson</a></h5>
<p class="title">Assistant Policy Researcher, RAND; Ph.D. Candidate, Pardee RAND Graduate School</p>
</li>
<li>
<a href="/about/people/r/ryan_jamie.html">
<img src="https://wwwassets.rand.org/content/rand/about/people/r/ryan_jamie/jcr:content/par/bio.aspectcrop.130x130.cm.jpg/x1570823754575.jpg.pagespeed.ic.qs4E3-ORiD.jpg" alt="r0725,jamie ryan" width="130" height="130">
</a>
<h5 class="heading-5"><a href="/about/people/r/ryan_jamie.html">Jamie Ryan</a></h5>
<p class="title">Assistant Policy Researcher; Ph.D. Candidate, Pardee RAND Graduate School</p>
</li>
</ul>
</div>
</div>
</div>
</li>
<li class="a show-for-small"><h3 class="heading-3"><a href="/about.html">About</a></h3></li>
</ul>
<div class="utilityNav htmlBlock"><ul class="utility not-compact">
<li class="lang zh"><a href="/zh-hans.html" lang="zh" class="zh-hans">中文(简体)</a></li>
<li class="lang ar"><a href="/ar.html" dir="rtl" lang="ar" class="ar">العربية</a></li>
<li class="my-rand"><a href="/profile/login.html" class="login"><span></span>Sign In</a> <a href="javascript:randLogOut()" class="logout">Sign out</a></li>
<li class="cart"><a href="https://shop.rand.org/cart/"><span class="access">Cart</span></a></li>
</ul>
</div>
</nav>
</div>
<a href="/search.html" class="search-toggle"><span class="label"><span class="access">Toggle</span> Search</span></a>
<div id="search" class="search"><form method="get" action="/search.html" class="velocity-search" role="search" aria-label="Site-wide"><label for="search-box" class="access">Site-wide Search</label><input name="query" id="search-box" class="query" type="text" placeholder="search"><button class="submit search-submit" name="search-submit" type="submit" id="search-submit"><span class="access">Search</span></button></form></div>
</div></header>
<div class="column-wrap two-column">
<div id="content">
<nav id="breadcrumbs" class="breadcrumbs" aria-label="Breadcrumb"><ol>
<li><a href="/">RAND</a></li><li><a href="/about.html">About</a></li><li class="access"><a href="/about/financial_statements.html" aria-current="page">>Financial Statements</a></li>
</ol></nav>
<main id="page-content">
<div class="page-heading">
<h1 id="RANDTitleHeadingId">Financial Statements</h1>
</div><div id="srch"><div class="graybox"><ul class="pub-list">
<li>
<a href="/pubs/corporate_pubs/CP665.html"><img src="/content/rand/pubs/corporate_pubs/CP665/_jcr_content/par/product.aspectfit.200x200.jpg/x1554904425265.jpg.pagespeed.ic.xsKJJc7V22.jpg" alt="" width="155" height="200"></a>
<div class="text">
<h3><a href="/pubs/corporate_pubs/CP665.html">Financial Statements: Fiscal Year Ended September 30, 2018</a> </h3>
<p class="desc">These are the RAND Corporation's financial statements for the fiscal year ended September 30, 2018.</p></div>
</li>
</ul>
</div>
</div>
</main>
</div>
<div id="rightcolumn">
<aside aria-label="Newsletter Subscription" class="newsletter-subscription-box ">
<h2 class="subscribe-heading">Stay Informed</h2><h3 class="js-subscription-name subscription-name">RAND Policy Currents</h3><p class="desc">Stay on top of the latest RAND research highlights, news, and commentary with the official RAND email newsletter.</p><form class="subscribeForm" action="" method="post" data-componentpath="/content/rand/about/financial_statements/jcr:content/par-right/subscribeNoAccount" data-subscriptionpath="/content/rand/newsletters/rand-news-bulletin">
<label for="emailsubscribeNoAccount" class="access">Email</label><input type="email" name="emailsubscribeNoAccount" id="emailsubscribeNoAccount" class="required email" placeholder="Email address"><span class="btn"><input type="submit" value="Sign Up"></span>
</form></aside>
<div class="cq-dd-paragraph"><div class="linkbox"><h2 id="rand-review-"><a href="/pubs/periodicals/rand-review/subscription.html">RAND Review</a></h2>
<div class="photo photo-center" style="width: 200px"><a href="/blog/rand-review.html"><img src="https://wwwassets.rand.org/content/rand/par-library/jcr:content/par-right/wrapperdiv/imagewithclass.aspectfit.0x0.png/1424469114759.png" alt="RAND Review Blog" width="200" height="200"></a></div><h3 id="discover-the-stories-behind-th-"><a href="/blog/rand-review.html">Discover the Stories Behind the Research</a></h3>
<p><em>RAND Review</em>, our flagship magazine, covers the big issues with an eye for the important details. Check out the latest feature stories, Q&As with RAND experts, and fun facts from our history on the RAND Review Blog.</p>
<a class="right" href="/pubs/periodicals/rand-review/subscription.html">Subscribe to <em>RAND Review</em> »</a>
</div></div>
<div class="cq-dd-paragraph">
<aside class="support-our-work-linkbox">
<h2 id="support-our-work-">Support Our Work</h2>
<p>Five ways you can make a difference:</p>
<ol>
<li><a href="/giving/donate.html">Donate Now</a></li><li><a href="/pubs.html">Download RAND Research</a></li><li><a href="/newsletters.html">Stay Informed</a></li><li><a href="/about/tell_a_friend.html">Tell a Friend</a></li><li><a href="/capabilities.html">Utilize RAND's Services</a>
</li>
</ol>
<div style="clear:both;"></div>
</aside>
</div>
<div class="section">
<aside>
<h2 id="more-about-rand-">More About RAND</h2>
<ul class="arrow-link-list">
<li><a href="/about/organization/leadership.html">Leadership</a></li><li><a href="/about/organization.html">Organizational Structure</a></li><li><a href="/about/faq.html">Frequently Asked Questions</a></li><li><a href="/about/annual_report.html">Annual Report</a></li><li><a href="/about/principles.html">Institutional Principles</a></li><li><a href="/about/diversity.html">Diversity and Inclusion at RAND</a></li><li><a href="/about/organization/randtrustees.html">Board of Trustees</a></li><li><a href="/about/financial_statements.html">Financial Statements</a></li><li><a href="/about/clients_grantors.html">How We're Funded</a></li><li><a href="/about/human-subjects-protection.html">Human Subjects Protection</a></li><li><a href="/alumni.html">RAND Alumni Association</a>
</li>
</ul>
<div style="clear:both;"></div>
</aside>
</div>
</div>
<div class="social-menu-outer"><ul id="social-menu" class="social-menu">
<li id="saveremove"><a href="/content/rand/about/financial_statements" id="mrbook" class="activity mrbook social-button" data-hover="Save to My RAND"><span class="access">Save to My RAND</span></a></li>
<li class="send-to-friend">
<form target="send2friendWindow" method="post" action="https://smapp.rand.org/sendtofriend/sendtofriend.php" name="send2friendForm" id="send2friendForm">
<input type="hidden" value="" name="url">
<button class="submit social-button" id="send2friend-submit" data-hover="Email"><span class="access">Email</span></button>
</form>
</li>
<li class="print"><button data-hover="Print" class="social-button"><span class="access">Print</span></button></li>
<li><a class="facebook social-button" data-hover="Share on Facebook" href="https://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.rand.org%2Fabout%2Ffinancial_statements.html"><span class="access">Share on Facebook</span></a></li><li><a class="twitter social-button" data-hover="Share on Twitter" href="https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.rand.org%2Fabout%2Ffinancial_statements.html&text=Financial+Statements&via=RANDCorporation"><span class="access">Share on Twitter</span></a></li><li><a class="linkedin social-button" data-hover="Share on LinkedIn" href="https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.rand.org%2Fabout%2Ffinancial_statements.html&title=Financial+Statements"><span class="access">Share on LinkedIn</span></a></li>
</ul></div>
</div>
<footer role="contentinfo" id="footer" class="global-footer" lang="en" dir="ltr"><div class="footer-inner">
<div class="footer footerContent">
<div class="row">
<div class="four columns about">
<div class="footerAbout htmlBlock">	<h2><a href="/about.html">About</a></h2>
<p>The RAND Corporation is a research organization that develops solutions to public policy challenges to help make communities throughout the world safer and more secure, healthier and more prosperous. RAND is nonprofit, nonpartisan, and committed to the public interest.</p>
<ul>
<li><a href="/about/vision.html">Vision</a></li>
<li><a href="/about/organization/leadership.html">Leadership</a></li>
<li><a href="/about/standards.html">Quality Standards</a></li>
<li><a href="/jobs.html">Career Opportunities</a></li>
</ul>
<div class="locations hide-for-small">
<ul>
<li class="sm"><span class="info hasPhoto"><a href="/about/locations/santa-monica.html">Santa Monica, CA</a></span></li>
<li class="dc"><span class="info hasPhoto"><a href="/about/locations/washington.html">Washington, DC</a></span></li>
<li class="pgh"><span class="info hasPhoto"><a href="/about/locations/pittsburgh.html">Pittsburgh, PA</a></span></li>
<li class="nola"><span class="info"><a href="/about/locations/new-orleans.html">New Orleans, LA</a></span></li>
<li class="mass"><span class="info"><a href="/about/locations/boston.html">Boston, MA</a></span></li>
<li class="sf"><span class="info"><a href="/about/locations/san-francisco.html">San Francisco, CA</a></span></li>
<li class="eu"><span class="info"><a href="/randeurope/about/locations/cambridge.html">Cambridge, UK</a></span></li>
<li class="be"><span class="info"><a href="/randeurope/about/locations/brussels.html">Brussels, BE</a></span></li>
<li class="au"><span class="info"><a href="/about/locations/canberra.html">Canberra, AU</a></span></li>
</ul>
<a href="/about/locations.html" class="map"><img src="/etc/rand/designs/common/images/xworld-map.png.pagespeed.ic.0R8OKrMv9p.png" alt="World map of RAND office locations" width="600" height="296"></a>
</div></div>
</div>
<div class="eight columns">
<div class="row">
<div class="four columns connect">
<div class="footerConnect htmlBlock">	<h2>Connect</h2>
<div class="hide-for-small">
<h3><a href="/about/contacts.html">Contact Us</a></h3>
</div>
<div class="show-for-small">
<ul>
<li><a href="/about/contacts.html">Contact Us</a></li>
<li><a href="/about/locations.html">Locations</a></li>
</ul>
</div>
<h3>I am interested in</h3>
<ul>
<li><a href="/jobs.html">Jobs at RAND</a></li>
<li><a href="/news.html">Media Resources</a></li>
<li><a href="/congress.html">Congressional Resources</a></li>
<li><a href="/capabilities/business-contacts.html">Doing Business with RAND</a></li>
<li><a href="/giving.html">Supporting RAND</a></li>
<li><a href="/about/edu_op.html">Educational Opportunities</a></li>
<li><a href="/alumni.html">Alumni Association</a></li>
</ul></div>
<div class="follow-rand">
<h3>Follow</h3>
<ul class="horizontal">
<li><a class="facebook external" href="https://www.facebook.com/RANDCorporation"><span class="access">RAND Corporation on Facebook</span></a></li>
<li><a class="twitter external" href="https://twitter.com/RANDCorporation/"><span class="access">RAND Corporation on Twitter</span></a></li>
<li><a class="linkedin external" href="https://www.linkedin.com/company/rand-corporation"><span class="access">RAND Corporation on LinkedIn</span></a></li>
<li><a class="youtube external" href="https://www.youtube.com/user/TheRANDCorporation"><span class="access">RAND Corporation on YouTube</span></a></li>
<li><a class="instagram external" href="https://www.instagram.com/randcorporation/"><span class="access">RAND Corporation on Instagram</span></a></li>
<li><a class="rss" href="/news/rss.html"><span class="access">RAND Corporation RSS Feeds</span></a></li>
<li><a class="mobile" href="/site_info/mobile.html"><span class="access">RAND Corporation mobile applications</span></a></li>
</ul>
</div>
</div>
<div class="four columns stay-informed">
<h2>Stay Informed</h2>
<p>Subscribe to the weekly Policy Currents newsletter to receive updates on the issues that matter most.</p>
<div class="footer-subscribe subscribeNoAccount">
<aside aria-label="Newsletter Subscription" class="newsletter-subscription-box no-account ">
<h2 class="subscribe-heading">Stay Informed</h2><span class="hide js-subscription-name">RAND Policy Currents</span><p class="desc">Get weekly updates from RAND.</p><form class="subscribeForm" action="" method="post" data-componentpath="" data-subscriptionpath="/content/rand/newsletters/rand-news-bulletin">
<label for="email" class="access">Email</label><input type="email" name="email" id="email" class="required email" placeholder="Email address"><span class="btn"><input type="submit" value="Sign Up"></span>
</form></aside>
</div>
<a href="/newsletters.html" class="arrow">View all email newsletters</a>
</div>
<div class="four columns resources">
<div class="footerResources htmlBlock">	<h2>Resources</h2>
<ul>
<li><a href="/multimedia.html">Multimedia</a></li>
<li><a href="/pubs.html">Latest Reports</a></li>
<li><a href="/pubs/authors.html">Browse by Author</a></li>
<li><a href="/pubs/classics.html">RAND Classics</a></li>
<li><a href="/pubs/tools.html">Databases and Tools</a></li>
</ul>
<h3><a href="/site_info.html">Site Information</a></h3>
<ul>
<li><a href="/site_info/sitemap.html">Site Map</a></li>
<li><a href="/site_info/privacy.html">PRIVACY POLICY</a></li>
<li><a href="/site_info/terms-and-conditions.html">Support Policy</a></li>
<li><a href="/about/feedback.html">Feedback</a></li>
<li><a href="/help.html">Help</a></li>
</ul></div>
</div>
</div>
</div>
</div>
<div class="footerAddress htmlBlock"><div class="vcard">
<img class="fn n org left" alt="RAND Corporation" src="/etc/rand/designs/common/images/logo-corp.svg" width="22" height="22">
<span class="adr">
<span class="street-address">1776 Main Street</span><br>
<span class="locality">Santa Monica</span>, <span class="region">California</span> <span class="postal-code">90401-3208</span>
</span>
</div></div>
</div>
<div class="copyright">
<span>RAND® is a registered trademark.</span> Copyright © 1994-2020 RAND Corporation.
</div>
<script>$(document).ready(function(){var A=$(".subscribeForm");A.each(function(){var B=$(this);B.validate({errorPlacement:function(D,C){D.appendTo(C.parent())},submitHandler:function(){var F=$(".email",B);var G=F.val();var D=B.attr("data-subscriptionPath");var E="/api/newsletter/subscribe-no-account.newslettersubscribe.json";var C=B.parents("aside").find(".js-subscription-name").text();$.getJSON(E,{email:G,newsletterPath:D},function(H){if(H.success){RAND.message("You have successfully subscribed "+G+" to "+C,{type:"single",elm:F});F.val("");RAND.analyticsTrackUserInteraction("subscribe-no-account",C.replace(/ /g,"-").toLowerCase())}else{RAND.message("ERROR: Unable to add email "+G+" to "+C+": "+H.msg,{type:"single",elm:F})}});return false}})})});(function(O,N,M){var L=O.history,K=document,J=navigator||{},I=localStorage,H=encodeURIComponent,G=L.pushState,F=function(){return Math.random().toString(36)},E=function(){return I.cid||(I.cid=F()),I.cid},D=function(R){var Q=[];for(var P in R){R.hasOwnProperty(P)&&void 0!==R[P]&&Q.push(H(P)+"="+H(R[P]))}return Q.join("&")},C=function(P,Y,X,W,V,U,T){var R="https://www.google-analytics.com/collect",Q=D({v:"1",ds:"web",aip:M.anonymizeIp?1:void 0,tid:N,cid:E(),t:P||"pageview",sd:M.colorDepth&&screen.colorDepth?screen.colorDepth+"-bits":void 0,dr:K.referrer||void 0,dt:K.title,dl:K.location.origin+K.location.pathname+K.location.search,ul:M.language?(J.language||"").toLowerCase():void 0,de:M.characterSet?K.characterSet:void 0,sr:M.screenSize?(O.screen||{}).width+"x"+(O.screen||{}).height:void 0,vp:M.screenSize&&O.visualViewport?(O.visualViewport||{}).width+"x"+(O.visualViewport||{}).height:void 0,ec:Y||void 0,ea:X||void 0,el:W||void 0,ev:V||void 0,exd:U||void 0,exf:"undefined"!=typeof T&&!1==!!T?0:void 0});if(J.sendBeacon){J.sendBeacon(R,Q)}else{var S=new XMLHttpRequest;S.open("POST",R,!0),S.send(Q)}};L.pushState=function(P){return"function"==typeof L.onpushstate&&L.onpushstate({state:P}),setTimeout(C,M.delay||10),G.apply(L,arguments)},C(),O.ma={trackEvent:function B(S,R,Q,P){return C("event",S,R,Q,P)},trackException:function A(Q,P){return C("exception",null,null,null,null,Q,P)}}})(window,"UA-34917040-1",{anonymizeIp:true,colorDepth:true,characterSet:true,screenSize:true,language:true});RAND.analyticsExtendDataObject({"content":[],"page":{"id":"e3668e5f636308b669f53f3fe1a107e479151dfa","isProduction":true,"language":"en","siteName":"rand","randDate":1562957831165,"contentType":"content","contentCategory":"content"}});RAND.analyticsExtendDataObject("pageTimestamp",1582171455);if(typeof(pageDataTracker)=='object'){pageDataTracker.trackPageLoad();}</script>
<script src="https://wwwassets.rand.org/etc/rand/support/js/core.js.pagespeed.jm.Zl2VoFOy7r.js" charset="utf-8" defer="defer"></script>
</div></footer>
</body>
</html>

HEADER-CODE:


HTTP/1.1 200 OK
Date: Mon, 06 Jul 2020 14:00:17 GMT
Server: Apache
Accept-Ranges: bytes
X-Mod-Pagespeed: 1.13.35.2-0
Vary: Accept-Encoding,upgrade-insecure-requests
X-Frame-Options: SAMEORIGIN
X-XSS-Protection: 1; mode=block
X-Content-Type-Options: nosniff
Content-Security-Policy: upgrade-insecure-requests
Strict-Transport-Security: max-age=31536000;
Cache-Control: max-age=0, no-cache, s-maxage=10
Content-Length: 42898

IP 192.5.14.46 www.rand.org

Website:www.rand.org
IP:192.5.14.46
County:US United States
Region:CA California
City:90407 Santa Monica
Timezone:America/Los_Angeles
html
html5
CSS
CSS3
CSS GRID
Java
EROPA - What does EROPA stand for? The Free Dictionary | UserPages · Wiki · Mutt Project / mutt · GitLab | https://uses.plantnet-project.org/en/Aleurites_moluccana_%28PROSEA%29 | 301 Moved Permanently | Connie Sellecca – Wikipedia | Stiftung | Kulturstiftung des Bundes | Begge Peder Tickets - alle Termine auf einen Blick - Karten online bestellen - Reservix - dein Ticketportal | https://en.wikipedia.org/wiki/2020_coronavirus_pandemic_in_Belarus | https://entfernen-von-spyware.blogspot.com/2020/06/losung-fur-entfernen-searchtopic.html | SecurCare Self Storage | Find Safe & Secure Self Storage Near You | Redbubble logo | Welcome To The Documents Library | https://www2.cs.arizona.edu/classes/cs210/fall17/sections/MyQueue.java | https://www.facebook.com/ExperiencePlastipak/ | J. Mark Erbaugh, Ph.D. | International Programs in Agriculture | Eunomius | Greek bishop | Britannica