2025-11-12T09:59:47-06:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 873213298 PROJECT LIBERTY INSTITUTE PROJ 3323302695 501 WEST 30TH ST 37 FL NEW YORK NY 10001 JOSEPH RILEY TREASURER 3323302695 2025-11-12 1 0 ELIZABETH W HELLER P00397829 3019519090 2024 2025-03-06 01:10:19Z FRANK MCCOURT 501 WEST 30TH ST 37 FL NEW YORK NY 10001 26552632 0 X WWW.PROJECTLIBERTY.IO X 2021 DE SEE PART III, LINE 1. 3 3 12 3 0 0 15054301 10928013 0 0 -6722 -196 616 15624619 15048195 26552436 1406878 285000 0 0 2423033 1903720 0 0 86918 5572062 3879371 9401973 6068091 5646222 20484345 6240925 7474351 45461056 26205107 -39220131 -18730756 TO CREATE A NEW CIVIC ARCHITECTURE FOR THE DIGITAL WORLD THAT RETURNS THE OWNERSHIP AND CONTROL OF PERSONAL DATA TO INDIVIDUALS, EMBEDS ETHICAL VALUES INTO TECHNOLOGY, AND EXPANDS ECONOMIC OPPORTUNITIES FOR WEB USERS AND DEVELOPERS ALIKE. 0 0 1828018 260000 PROJECT LIBERTY INSTITUTE CONDUCTS AND PROVIDES FUNDING FOR RESEARCH AND TECHNOLOGY PROJECTS THAT FURTHER THE EDUCATION OF THE PUBLIC AND THE SCIENTIFIC COMMUNITY'S UNDERSTANDING OF THE IMPACT OF TECHNOLOGY ON SOCIETY, INCLUDING AN ENHANCED UNDERSTANDING OF, AND ADVANCEMENT OF, DATA PRIVACY, ONLINE RELATIONSHIPS, AND NEW DIGITAL GOVERNANCE AND DIGITAL SHARED ECONOMIC MODELS. 1278005 25000 PROJECT LIBERTY INSTITUTE ORGANIZES AND PARTICIPATES IN REGULAR EVENTS, CONVENINGS AND EDUCATIONAL CAMPAIGNS OF TECHNOLOGISTS, ETHICISTS, LEGAL EXPERTS, ENTREPRENEURS, SOCIAL INNOVATORS AND OTHER EXPERTS IN THE UNITED STATES, UNITED KINGDOM, FRANCE, AND ELSEWHERE TO FOSTER DIALOGUE AND DEVELOP COMPREHENSIVE RECOMMENDATIONS TO EXPLORE AND ADVANCE BETTER MODELS OF DIGITAL ECOSYSTEMS.PROJECT LIBERTY INSTITUTE CEASED OPERATIONS IN THE UK WITH THE TERMINATION OF ALL UK-BASED STAFF ON JANUARY 15, 2024. THEREAFTER, PLI CLOSED THE UK OFFICE AND WORKED TO DISSOLVE THE COMPANY. PL UK SERVICES LIMITED WAS OFFICIALLY DISSOLVED ON MAY 25, 2025. 3106023 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 21 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SHEILA WARREN 3323302695 501 WEST 30TH STREET 37TH FLOOR NEW YORK NY 10001 X FRANK MCCOURT CHAIR 2.00 0.00 X X 0 0 0 MARIA CANCIAN SECRETARY 0.05 0.00 X X 0 0 0 ALBERTO BEECK DIRECTOR 0.25 0.00 X 0 0 0 JOSEPH RILEY TREASURER 1.00 0.00 X 0 0 0 TOMICAH TILLEMANN PRESIDENT & CEO (SEE SCH O) 15.00 0.00 X 0 0 0 KILA ENGLEBROOK - HEAD OF OPS/OFCR (FROM 4/24) (SEE SCH O) 10.00 2.00 X 53609 0 8135 JAMES BELL HEAD OF STRATEGIC INSIGHTS 40.00 0.00 X 346115 0 67706 ERIK SUHONEN - HEAD OF ECOSYSTEM GROWTH (UNTIL 9/24) 40.00 0.00 X 257270 0 37640 JESSICA THEODULE RESEARCH MANAGER OF STRAT. INSIGHTS 40.00 0.00 X 136674 0 46306 SARA WEKSELBLATT FINANCE & HR SENIOR MANAGER 40.00 0.00 X 134511 0 31089 928179 0 190876 4 0 1 0 RSM US LLP 1250 H STREET NW SUITE 700 WASHINGTON DC 20005 FIN., ACCT. & TECH SERVICES 156801 1 10928013 10928013 196 -196 -196 -196 FORGIVENESS OF DEBT 900099 15623345 15623345 OTHER REVENUE 900099 1274 1274 15624619 26552436 0 0 15624423 X 215000 215000 70000 70000 1632355 1342698 290239 -582 30512 22166 8346 153589 111575 42014 87264 62821 24443 50392 50392 172218 172218 1075830 887567 103756 84507 9448 9448 8541 2467 6074 118850 43361 72496 2993 53491 53491 184516 177994 6522 124057 122051 2006 11702 11702 4470 4470 GRANT LIAB. DISCOUNTS 2005048 2005048 PAYROLL PROCESSING FEES 51253 37233 14020 FOREIGN CURRENCY EXCH. 4573 4573 OTHER BUSINESS EXPENSES 2028 2028 2954 1642 1312 6068091 3106023 2875150 86918 373168 430399 500000 99176 88923 35107 24909 21900 10198 5246681 6944831 6240925 7474351 200744 379746 42022949 21387998 3237363 4437363 45461056 26205107 X -39220131 -18730756 -39220131 -18730756 6240925 7474351 20484345 5030 0 X 0 1 X 1 0 X 5000000 13800000 15054301 10928013 44782314 5000000 13800000 15054301 10928013 44782314 41060353 3721961 616 15624619 15625235 60407549 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 35107 24909 10198 10198 DEPOSITS 2500 DUE FROM RELATED ORGANIZATION 6942331 6944831 DUE TO RELATED ORGANIZATION 4437363 4437363 PART III, LINE 1A: ON NOVEMBER 16, 2022, THE ORGANIZATION RECEIVED A NONCASH DONATION OF 50,000,000 FREQUENCY DIGITAL TOKENS, THE GOVERNANCE AND UTILITY TOKENS FOR THE DECENTRALIZED FREQUENCY INFRASTRUCTURE WHICH ENABLES SOCIAL MEDIA MESSAGING AT SCALE. GIVEN THAT FREQUENCY TOKENS WERE MINTED ONLY IN NOVEMBER 2022, A MARKETPLACE FOR THE TOKENS HAD YET TO BE ESTABLISHED. THE ORGANIZATION CONCLUDED THAT THE TOKENS HAD ZERO VALUE AT THE CONTRIBUTION DATE AND THEREFORE HAS NOT ASSIGNED A VALUE TO THE TOKENS ON THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION. HOWEVER, THE ORGANIZATION BELIEVES THE TOKENS MAY APPRECIATE IN VALUE AS THEY ULTIMATELY BECOME MARKETABLE. EUROPE 0 0 PROGRAM SERVICES ATTENDED CONFERENCE, PLI HOSTED EVENT, CONTRACTED CONSULTANCY 227907 NORTH AMERICA 0 0 PROGRAM SERVICES ATTENDED CONFERENCE 3544 0 0 0 0 0 0 231451 0 231451 0 0 1 0 0 0 1 RADICALXCHANGE FOUNDATION LTD 26 FIELDBROOK PLACE MOREGA CA 94556 832183139 501(C)(3) 25000 0 LAUNCH ACTIVITIES RELATED TO THE ON-CHAIN TOOL INSTANTIATING THE PARTIAL COMMON OWNERSHIP (PCO) OF ART, DATA, AND OTHER INTELLECTUAL PROPERTY, AS DETAILED BY THE GRANTEE IN THE ENCLOSED PROPOSAL. MASSACHUSETTS INSTITUTE OF TECHNOLOGY OFFICE OF THE RS 77 MA AVENUE CAMBRIDGE MA 02139 042103594 501(C)(3) 120000 0 SUPPORTS ADVANCED NETWORK ARCHITECTURE GROUP'S RESEARCH TO DEVELOP A BETTER UNDERSTANDING OF HOW INTERNET APPLICATIONS WITH DSNP CONTROL CAN BE VIABLE IN A MARKETPLACE DOMINATED BY LARGE ACTORS THAT HOLD CENTRALIZED CONTROL OVER THEIR SYSTEMS. MEDIATORS FOUNDATION INC 2525 ARAPAHOE AVE UNIT E4 BOX 509 BOULDER CO 80302 043002588 501(C)(3) 70000 0 SUPPORTS THE DEVELOPMENT OF THE PROSOCIAL RANKING CHALLENGE, WHICH IS THE FIRST LARGE-SCALE, CROSS-PLATFORM, ECOLOGICALLY VALID EXPERIMENT TO TEST BRIDGING-BASED RANKING ALGORITHMS TO IDENTIFY THE BEST ALGORITHMS TO IMPROVE SOCIAL COHESION ON SOCIAL MEDIA. 3 0 FELLOWSHIP PROGRAM (COMMON ERA) 1 70000 PART I, LINE 2: GRANT RECIPIENTS ARE SELECTED AFTER A REVIEW OF GRANT APPLICATIONS BY THE SENIOR LEADERSHIP, CAREFUL EVALUATION BY THE BOARD CHAIR OF THE USE OF THE PROPOSED GRANT, AND A DETERMINATION BY THE BOARD CHAIR THAT THE USE OF THE PROPOSED GRANT WILL SUPPORT THE TAX-EXEMPT PURPOSES OF THE ORGANIZATION. THE ORGANIZATION WILL ENTER INTO GRANT AGREEMENTS WITH RECIPIENTS, WHICH WILL REQUIRE PERIODIC REPORTS ON THE USE OF FUNDS. X 1 0 0 0 0 0 0 1 0 JAMES BELL HEAD OF STRATEGIC INSIGHTS 288115 0 58000 0 0 0 10350 0 57356 0 413821 0 0 0 ERIK SUHONEN - HEAD OF ECOSYSTEM GROWTH (UNTIL 9/24) 206437 0 0 0 50833 0 6356 0 31284 0 294910 0 0 0 JESSICA THEODULE RESEARCH MANAGER OF STRAT. INSIGHTS 116674 0 20000 0 0 0 3104 0 43202 0 182980 0 0 0 SARA WEKSELBLATT FINANCE & HR SENIOR MANAGER 115311 0 19200 0 0 0 3281 0 27808 0 165600 0 0 0 PART I, LINE 4A ERIK SUHONEN RECEIVED SEVERANCE OF $50,833 DURING 2024. PART I, LINE 7 ALL BONUSES ARE MERIT BASED. SEE PART II FOR BONUSES. FORM 990, PART VI, SECTION A, LINE 2 TOMICAH TILLEMANN, KILA ENGLEBROOK, AND JOSEPH RILEY HAVE BUSINESS RELATIONSHIPS WITH FRANK MCCOURT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS THEN REVIEWED BY SENIOR MANAGEMENT. THE FINAL RETURN WAS THEN REVIEWED BY THE FULL BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. NO MEMBER OF THE BOARD OR ANY COMMITTEE OF THE BOARD PARTICIPATES DIRECTLY OR INDIRECTLY IN THE CONSIDERATION OF ANY MATTER IN WHICH HE OR SHE HAS A DIRECT OR INDIRECT FINANCIAL INTEREST UNLESS SUCH INTEREST IS DISCLOSED AND A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR COMMITTEE APPROVES IN ADVANCE THE MEMBER'S PARTICIPATION IN CONSIDERATION OF THE MATTER. NEITHER THE BOARD NOR ANY COMMITTEE OF THE BOARD APPROVES ANY SUCH MEMBER'S PARTICIPATION IN THE CONSIDERATION OF ANY MATTER THAT IS OTHERWISE PROHIBITED BY LAW. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNING BOARD REVIEWS AND APPROVES THE COMPENSATION ARRANGEMENTS FOR THE CEO AND OTHER KEY EMPLOYEES. THE TOP MANAGEMENT OFFICIAL'S LAST COMPENSATION REVIEW TOOK PLACE IN DECEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: DURING 2024, TOMICAH TILLEMANN AND KILA ENGLEBROOK RECEIVED COMPENSATION FROM MCCOURT GLOBAL INC., WHICH IS AFFILIATED WITH BUT NOT RELATED TO PROJECT LIBERTY INSTITUTE. FORM 990, PART IX, LINE 11G RESEARCH & ANALYSIS: PROGRAM SERVICE EXPENSES 361,131. MANAGEMENT AND GENERAL EXPENSES 42,216. FUNDRAISING EXPENSES 34,384. TOTAL EXPENSES 437,731. WEB MEDIA & DESIGN: PROGRAM SERVICE EXPENSES 8,006. MANAGEMENT AND GENERAL EXPENSES 936. FUNDRAISING EXPENSES 762. TOTAL EXPENSES 9,704. MULTI MEDIA PRODUCTION: PROGRAM SERVICE EXPENSES 126,220. MANAGEMENT AND GENERAL EXPENSES 14,755. FUNDRAISING EXPENSES 12,018. TOTAL EXPENSES 152,993. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 392,210. MANAGEMENT AND GENERAL EXPENSES 45,849. FUNDRAISING EXPENSES 37,343. TOTAL EXPENSES 475,402. DSNP ORG LLC THE CORPORATION TRUST CENTER 1209 O WILMINGTON DE 19801 873213298 STEWARD THE DECENTRALIZED SOCIAL NETWORKING PROTOCOL ("DSNP") DE 0 0 PROJECT LIBERTY INSTITUTE MCCOURT INSTITUTE LLC THE CORPORATION TRUST CENTER 1209 O WILMINGTON DE 19801 ENSURE FUTURE PRIORITIZATION OF DIGITAL GOVERNANCE OVER THE DE 18800000 0 PROJECT LIBERTY INSTITUTE PROJECT LIBERTY UK SERVICES LIMITED SUITE 2 FIRST FLOOR 10 TEMPLE BLA BRISTOL BS1 6FL UK PROVIDES ORGANIZATIONAL DEVELOPMENT SERVICES UK PROJECT LIBERTY INSTITUTE C 8688 12455 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PROJECT LIBERTY UK SERVICES LIMITED N 40601 ACCRUAL PROJECT LIBERTY UK SERVICES LIMITED O 444999 ACCRUAL PROJECT LIBERTY UK SERVICES LIMITED D 2517331 ACCRUAL PROJECT LIBERTY UK SERVICES LIMITED E 12362 ACCRUAL