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INSTITUTE FOR HUMANE STUDIES: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
INSTITUTE FOR HUMANE STUDIES (EIN 94-1623852)
Tax period
2017-09-01 to 2018-08-31
Filed
2019-04-19
IRS object ID
201921099349300027
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-04-19T20:52:55-05:00ReturnTs
Tax Period End2018-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN582676261PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Rogers & Company PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18300 Boone Boulevard Suite 600AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22182ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN941623852EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Institute for Humane StudiesBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINSTBusinessNameControlTxt
Phone7039934880PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13434 Washington Blvd MS 1C5AddressLine1Txt
CityArlingtonCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGary LeffPersonNm
Person TitleTreasurerPersonTitleTxt
Phone7039934880PhoneNum
Signature2019-04-19SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLori A CollingsworthPreparerPersonNm
PTINP00639819PTIN
Phone7038930300PhoneNum
Preparation2019-04-19PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address72.214.41.82IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-04-19IPDt
IP Tm21:50:54IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id5757F712A8161F6F3964D64EA127352BD3BB441CAtSubmissionCreationDeviceId
At Submission Filing Device IdECEE9D0F9FA27E6B6A8A3848667CA5FDB2C7423AAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGary LeffPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13434 Washington Blvd MS 1C5AddressLine1Txt
CityArlingtonCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$19,754,147GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.theihs.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1961FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionThe Institute discovers, develops, and supports students, scholars, and other intellectuals who maintain the highest standard of academic excellence and who share an interest in the principles of the classical liberal tradition.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee124TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$29,824NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$17,376,975PYContributionsGrantsAmt
CY Contributions Grants$18,303,198CYContributionsGrantsAmt
PY Program Service Revenue$473,715PYProgramServiceRevenueAmt
CY Program Service Revenue$284,239CYProgramServiceRevenueAmt
PY Investment Income$51,091PYInvestmentIncomeAmt
CY Investment Income$66,498CYInvestmentIncomeAmt
PY Other Revenue$9,471PYOtherRevenueAmt
CY Other Revenue$52,148CYOtherRevenueAmt
PY Total Revenue$17,911,252PYTotalRevenueAmt
CY Total Revenue$18,706,083CYTotalRevenueAmt
PY Grants And Similar Paid$711,271PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$765,846CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$8,549,497PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$8,945,497CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,112,939CYTotalFundraisingExpenseAmt
PY Other Expenses$8,977,679PYOtherExpensesAmt
CY Other Expenses$8,726,922CYOtherExpensesAmt
PY Total Expenses$18,238,447PYTotalExpensesAmt
CY Total Expenses$18,438,265CYTotalExpensesAmt
PY Revenues Less Expenses-$327,195PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$267,818CYRevenuesLessExpensesAmt
Total Assets BOY$8,828,805TotalAssetsBOYAmt
Total Assets EOY$9,848,348TotalAssetsEOYAmt
Total Liabilities BOY$1,295,698TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,076,359TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,533,107NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,771,989NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe Institute discovers, develops, and supports students, scholars, and other intellectuals who maintain the highest standard of academic excellence and who share an interest in the principles of the classical liberal tradition.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,763,474ExpenseAmt
Grant$326,371GrantAmt
Revenue$788RevenueAmt
DescStudent Education and Outreach Programs: The Institute's student educational programs work to inspire and educate a wide range of young people with ideas in the classical liberal intellectual tradition, encourage interested students to learn more, and identify and evaluate students who have the potential to make scholarly contributions to a free and open society. The Institute accomplishes this through intensive weekend and multi-day seminars, on-campus programs such as discussion colloquia and guest lectures co-sponsored with local faculty, and production and marketing of short educational videos.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$3,945,935ExpenseAmt
Grant$270,849GrantAmt
Revenue$282,714RevenueAmt
DescAcademic Talent-Development Programs: The Institute's academic talent-development programs work to develop talented graduate students who are interested in careers in academia. It accomplishes this through fellowships, grants, career development workshops, academic research seminars, and networking at academic conferences.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$5,513,136ExpenseAmt
Grant$168,626GrantAmt
DescFaculty Support Programs: The Institute's faculty-support programs work to help faculty who are engaged with ideas in the classical liberal intellectual tradition to improve the reach and effectiveness of their teaching, research, and campus activities. It accomplishes this through support for on-campus events, academic research seminars, discussion colloquia, workshops, grants, and networking at academic conferences.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$1,562,739ExpenseAmt
Revenue$737RevenueAmt
DescPublic Affairs: The public affairs program seeks to inform alumni, faculty, and supporters about the efforts of the Institute and support the development of a network of faculty, supporters, and nonprofit allies who share an interest in classical liberal ideas.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$1,562,739TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$737TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$14,785,284TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document535IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee124EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldHIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMEStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNMStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Gary Leff TreasurerBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7039934880PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13434 Washington Blvd MS 1C5AddressLine1Txt
CityArlingtonCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22201ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Charles G Koch
Chair1.00Yes (X)Yes (X)$0$0$0
Tyler Cowen
Vice-Chair1.00Yes (X)Yes (X)$0$0$0
James Arthur Pope
Director1.00Yes (X)$0$0$0
David Humphreys
Director1.00Yes (X)$0$0$0
Scott Beaulier
Director1.00Yes (X)$0$0$0
Chris Rufer
Director1.00Yes (X)$0$0$0
Christopher Coyne
Director1.00Yes (X)$0$0$0
Kristina Kendall
Director1.00Yes (X)$0$0$0
Todd Zywicki
Director1.00Yes (X)$0$0$0
Brian Hooks
Director1.00Yes (X)$0$0$0
Ryan Stowers
Director1.00Yes (X)$0$0$0
Emily Chamlee-Wright
President and CEO40.00Yes (X)$417,794$0$15,876
Ronald Chad Thevenot
Executive Director40.00Yes (X)$262,503$0$15,876
Gary Leff
Secretary/Treasurer15.00Yes (X)$59,531$0$5,077
Todd Hathaway
Chief Operating Officer40.00Yes (X)$221,252$0$15,876
Marty Zupan
President Emeritus & Faculty Liaison40.00$320,441$0$5,682Yes (X)
Courtney Derr
Managing Director, Student Education40.00$151,260$0$5,626Yes (X)
Grace Terzian
Director of Marketing, Development40.00$142,513$0$5,626Yes (X)
Ifat Lerner
Director, Online Programs40.00$140,008$0$1,753Yes (X)
Daniel Butler
Senior Director, Development20.00$126,250$0$4,726Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,841,552TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$76,118TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K20IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Lisi Communications
5440 31st Street NWWashingtonDC20015Marketing and Communications Services$435,147
Morgan Meredith & Associates
22780 Indian Creek Drive Suite 100DullesVA20166Direct Mail services$419,050
Spectrum Inc
8200 Greensboro Drive Suite 600McLeanVA22102Construction$407,258
Veracity Consulting Group LLC
PO Box 5611Glen AllenVA23058Placement and Relationship Management Co$282,086
Emma Dog Productions
15219 Hesby StSherman OaksCA91403Filming/Production$124,500
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K8CntrctRcvdGreaterThan100KCnt
All Other Contributions$18,303,198AllOtherContributionsAmt
Noncash Contributions$924,738NoncashContributionsAmt
Total Contributions$18,303,198TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescEducational programsDesc
Business611710BusinessCd
Total Revenue Column$284,239TotalRevenueColumnAmt
Related Or Exempt Func Income$284,239RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$284,239TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$59,636TotalRevenueColumnAmt
Exclusion$59,636ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$39,362RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$39,362RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,362TotalRevenueColumnAmt
Exclusion$39,362ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,054,926SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,047,273SecuritiesAmt
Other$791OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$7,653SecuritiesAmt
Other-$791OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,862TotalRevenueColumnAmt
Exclusion$6,862ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOther incomeDesc
Business900099BusinessCd
Total Revenue Column$12,786TotalRevenueColumnAmt
Exclusion$12,786ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$12,786OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,706,083TotalRevenueColumnAmt
Related Or Exempt Func Income$284,239RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$118,646ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$429,440TotalAmt
Program Services$429,440ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$308,692TotalAmt
Program Services$308,692ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$27,714TotalAmt
Program Services$27,714ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,001,264TotalAmt
Program Services$200,252ProgramServicesAmt
Management And General$600,760ManagementAndGeneralAmt
Fundraising$200,252FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$6,720,430TotalAmt
Program Services$5,485,812ProgramServicesAmt
Management And General$499,206ManagementAndGeneralAmt
Fundraising$735,412FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$675,818TotalAmt
Program Services$565,438ProgramServicesAmt
Management And General$48,489ManagementAndGeneralAmt
Fundraising$61,891FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$547,985TotalAmt
Program Services$425,948ProgramServicesAmt
Management And General$61,362ManagementAndGeneralAmt
Fundraising$60,675FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,830TotalAmt
Program Services$352ProgramServicesAmt
Management And General$37ManagementAndGeneralAmt
Fundraising$6,441FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$27,135TotalAmt
Program Services$6,749ProgramServicesAmt
Management And General$9,785ManagementAndGeneralAmt
Fundraising$10,601FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,815,142TotalAmt
Program Services$2,610,093ProgramServicesAmt
Management And General$44,013ManagementAndGeneralAmt
Fundraising$161,036FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$256,690TotalAmt
Program Services$255,655ProgramServicesAmt
Management And General$398ManagementAndGeneralAmt
Fundraising$637FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,241,803TotalAmt
Program Services$672,038ProgramServicesAmt
Management And General$22,213ManagementAndGeneralAmt
Fundraising$547,552FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$364,648TotalAmt
Program Services$285,770ProgramServicesAmt
Management And General$58,450ManagementAndGeneralAmt
Fundraising$20,428FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,438,038TotalAmt
Program Services$1,123,532ProgramServicesAmt
Management And General$117,942ManagementAndGeneralAmt
Fundraising$196,564FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,047,797TotalAmt
Program Services$1,033,917ProgramServicesAmt
Management And General$10,000ManagementAndGeneralAmt
Fundraising$3,880FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,085,552TotalAmt
Program Services$1,061,761ProgramServicesAmt
Management And General$19,240ManagementAndGeneralAmt
Fundraising$4,551FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$206,122TotalAmt
Program Services$160,970ProgramServicesAmt
Management And General$16,990ManagementAndGeneralAmt
Fundraising$28,162FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$24,590TotalAmt
Program Services$19,042ProgramServicesAmt
Management And General$2,393ManagementAndGeneralAmt
Fundraising$3,155FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Temporary help$123,735$96,073$27,081$581
List rental$68,315$68,315
Property taxes$20,525$16,036$1,683$2,806

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$18,438,265TotalAmt
Program Services$14,785,284ProgramServicesAmt
Management And General$1,540,042ManagementAndGeneralAmt
Fundraising$2,112,939FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,812,576BOYAmt
EOY$1,602,769EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,238,088BOYAmt
EOY$5,650,783EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$17,513BOYAmt
EOY$175,489EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$596,184BOYAmt
EOY$198,430EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$279,199BOYAmt
EOY$22,217EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,267,184LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$449,795LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$801,777BOYAmt
EOY$817,389EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$922,833BOYAmt
EOY$866,783EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$160,635BOYAmt
EOY$514,488EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,828,805BOYAmt
EOY$9,848,348EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$482,617BOYAmt
EOY$668,749EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$813,081BOYAmt
EOY$1,407,610EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,295,698BOYAmt
EOY$2,076,359EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,145,435BOYAmt
EOY$6,022,379EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,270,178BOYAmt
EOY$1,632,116EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$117,494BOYAmt
EOY$117,494EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,533,107BOYAmt
EOY$7,771,989EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,828,805BOYAmt
EOY$9,848,348EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$267,818ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$28,936NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,823,532CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,646,711CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$16,931,747CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,376,975CurrentTaxYearMinus1YearAmt
Current Tax Year$18,303,198CurrentTaxYearAmt
Total$76,082,163TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,823,532CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,646,711CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$16,931,747CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,376,975CurrentTaxYearMinus1YearAmt
Current Tax Year$18,303,198CurrentTaxYearAmt
Total$76,082,163TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$27,738,083SubstantialContributorsTotAmt
Public Support Total170$48,344,080PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$215,219CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,917CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$34,166CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$46,472CurrentTaxYearMinus1YearAmt
Current Tax Year$98,998CurrentTaxYearAmt
Total$431,772TotalAmt
FieldValueIRS element (for citing)
Total Support$76,513,935TotalSupportAmt
Gross Receipts Rltd Activities$2,162,574GrossReceiptsRltdActivitiesAmt
Public Support CY1700.63180PublicSupportCY170Pct
Public Support PY1700.61780PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$121,338BeginningYearBalanceAmt
Investment Earnings Or Losses$303InvestmentEarningsOrLossesAmt
End Year Balance$121,641EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$121,035BeginningYearBalanceAmt
Investment Earnings Or Losses$303InvestmentEarningsOrLossesAmt
End Year Balance$121,338EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$120,741BeginningYearBalanceAmt
Investment Earnings Or Losses$294InvestmentEarningsOrLossesAmt
End Year Balance$121,035EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$120,447BeginningYearBalanceAmt
Investment Earnings Or Losses$294InvestmentEarningsOrLossesAmt
End Year Balance$120,741EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$119,851BeginningYearBalanceAmt
Investment Earnings Or Losses$596InvestmentEarningsOrLossesAmt
End Year Balance$120,447EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.96590PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.03410TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$399,846OtherCostOrOtherBasisAmt
Depreciation$27,974DepreciationAmt
Book Value$371,872BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$867,338OtherCostOrOtherBasisAmt
Depreciation$421,821DepreciationAmt
Book Value$445,517BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$817,389TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescDue from affiliateDesc
Book Value$514,488BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$514,488TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Gift annuities$626,104
Deferred rent$781,506
FieldValueIRS element (for citing)
Total Liability$1,407,610TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$18,950,032TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$28,936NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$272,885DonatedServicesAndUseFcltsAmt
Revenue Not Reported$243,949RevenueNotReportedAmt
Revenue Subtotal$18,706,083RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$18,706,083TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$18,711,150TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$272,885DonatedServicesUseFcltsAmt
Expenses Not Reported$272,885ExpensesNotReportedAmt
Expenses Subtotal$18,438,265ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$18,438,265TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4:Permanently restricted endowments consist of funds contributed to the Ronald J. Berkheimer and Estelle C. Berkheimer Endowment Fund. Earnings from this fund in excess of required increases to the corpus can be used to support the study of market economics. Temporarily restricted endowment earnings can be used to fund the Institute's general programs.
Part X, Line 2:Management evaluated the Institute's tax positions and concluded that the financial statements do not include any uncertain tax positions.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
East Asia and the Pacific00Grants to individual recipients in the regionEducational programs$2,450
Europe (Including Iceland & Greenland)00Grants to individual recipients in the regionEducational programs$13,714
North America00Grants to individual recipients in the regionEducational programs$10,150
South America00Grants to individual recipients in the regionEducational programs$600
Russia and Neighboring States00Grants to individual recipients in the regionEducational programs$800
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$27,714SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$27,714TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtNon Cash AssistanceNonCashAssistanceAmtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
Scholarships for qualified education expenses/ Student Development/ EducationEast Asia and the Pacific2$2,450Wire/EFT/Check$0N/AN/A
Scholarships for qualified education expenses/ Student Development/ EducationEurope (Including Iceland & Greenland)18$13,714Wire/EFT/Check$0N/AN/A
Scholarships for qualified education expenses/ Student Development/ EducationNorth America12$10,150Wire/EFT/Check$0N/AN/A
Scholarships for qualified education expensesSouth America1$600Wire/EFT/Check$0N/AN/A
Scholarships for qualified education expensesRussia and Neighboring States1$800Wire/EFT/Check$0N/AN/A
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 2:Grants are made to students pursuing academic degrees. In addition to substantial application materials, students must submit proof of enrollment in their institutions to substantiate that funds are being used for qualified educational expenses.
Part I, line 3:Foreign expenditures are directly tracked and accounted for on the accrual method of accounting used for books.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (28 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxt
Bridgewater State University
10 Shaw Road Maxwell Library Rm 200200BridgewaterMA02325043010428501(c)(3)$8,000$0N/AN/AStudent development/education grants
Campbell University
PO Box 218Buies CreekNC27506560529940501(c)(3)$6,300$0N/AN/AStudent development/education grants
Christopher Newport University Educational Fundation
1 Avenue of the ArtsNewport NewsVA23606541156248501(c)(3)$7,900$0N/AN/AStudent development/education grants
Coastal Carolina University
PO Box 261954ConwaySC29528570977955501(c)(3)$15,950$0N/AN/AStudent development/education grants
College of Charleston
66 George StCharlestonSC29242237069236501(c)(3)$6,000$0N/AN/AStudent development/education grants
Faulkner University
5345 Atlanta HighwayMontgomeryAL36109630329409501(c)(3)$6,500$0N/AN/AStudent development/education grants
Florida Southern College
Center for Free Enterprise 111 LakeHollingsworth DrLakelandFL338015698590624401501(c)(3)$13,000$0N/AN/AStudent development/education grants
Florida State University Foundation
325 N College AveTallahasseeFL32301596152180501(c)(3)$19,500$0N/AN/AStudent development/education grants
George Mason University Foundation
Director of Development BuchananHall 173FairfaxVA22030541603842501(c)(3)$8,500$0N/AN/AStudent development/education grants
Georgetown University
Prisons Justice Intiative GiftProcessing Department Number 0734WashingtonDC200730734530196603501(c)(3)$7,100$0N/AN/AStudent development/education grants
High Point University
One University Parkway Drawer 33High PointNC27268560529999501(c)(3)$7,050$0N/AN/AStudent development/education grants
Linfield College
900 SE Baker StreetMcMinnvilleOR97128930391586501(c)(3)$8,000$0N/AN/AStudent development/education grants
NAICU
1025 Connecticut Ave NW Suite 700WashingtonDC20036521125164501(c)(3)$13,000$0N/AN/AStudent development/education grants
NORC
20th Floor 55 East Monroe StreetChicagoIL60603362167808501(c)(3)$87,000$0N/AN/AStudent development/education grants
Northern Michigan University
1401 Presque Isle AveMarquetteMI49855386029206501(c)(3)$10,000$0N/AN/AStudent development/education grants
Northwood University
4000 Whiting DriveMidlandMI48640381624684501(c)(3)$11,000$0N/AN/AStudent development/education grants
Oklahoma State University Foundation
421A General Academic BuildingStillwaterOK74074736097060501(c)(3)$6,750$0N/AN/AStudent development/education grants
Political Theory Institute American University School of Public Affairs
4400 Massachusetts Ave NWWashingtonDC20016530196549501(c)(3)$6,000$0N/AN/AStudent development/education grants
Saint Francis University
PO Box 600LorettaPA15940251024358501(c)(3)$6,500$0N/AN/AStudent development/education grants
Texas Tech Foundation
Free Market Institute Box 45059LubbockTX794095059756002622501(c)(3)$10,825$0N/AN/AStudent development/education grants
The Mathew J Ryan Center
304 Old Falvey 800 lancaster AveVillanovaPA19085231352688501(c)(3)$6,000$0N/AN/AStudent development/education grants
University of Delaware
125 Academy Street Room 250NewarkDE19716516000297501(c)(3)$6,000$0N/AN/AStudent development/education grants
University of New Orleans Foundation
Dept of Philosophy 200 Lakeshore DrDrNew OrleansLA70148721051326501(c)(3)$12,800$0N/AN/AStudent development/education grants
University of Notre Dame
100 Malloy HallNotre DameIN465565612350868188501(c)(3)$6,500$0N/AN/AStudent development/education grants
University of Texas at Dallas
SM 31 800 W Campbell RoadRichardsonTX75080751305566501(c)(3)$10,000$0N/AN/AStudent development/education grants
University of Vermont
200 Kalkin Hall 55 Colchester AveBurlingtonVT05405030179440501(c)(3)$12,000$0N/AN/AStudent development/education grants
University of West Georgia Foundation
1601 Maple StreetCarolltonGA30118586056464501(c)(3)$6,000$0N/AN/AStudent development/education grants
West Virginia University Foundation
1601 University AveMorgantownVA26506556017181501(c)(3)$5,100$0N/AN/AStudent development/education grants
FieldValueIRS element (for citing)
Total501c3 Org28Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
Scholarships for qualified education expenses261$213,381N/AN/A
Student development/education grants64$95,311N/AN/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationIndividuals are required to document their actual expenses and participation in programs for which funds are awarded.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Emily Chamlee-Wright
President and CEO$325,433$0$92,361$0$0$0$0$0$15,876$0$433,670$0$0$0
Ronald Chad Thevenot
Executive Director$180,003$0$82,500$0$0$0$0$0$15,876$0$278,379$0$0$0
Todd Hathaway
Chief Operating Officer$181,252$0$40,000$0$0$0$0$0$15,876$0$237,128$0$0$0
Marty Zupan
President Emeritus & Faculty Liaison$320,441$0$0$0$0$0$0$0$5,682$0$326,123$0$0$0
Courtney Derr
Managing Director, Student Education$136,260$0$15,000$0$0$0$0$0$5,626$0$156,886$0$0$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonYana ChernyakPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionSee Part VRelationshipDescriptionTxt
Transaction$74,500TransactionAmt
TransactionEmploymentTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSch L, Part IV, Business Transactions Involving Interested Persons:FormAndLineReferenceDesc
Explanation(b) Relationship Between Interested Person and Organization:Family member of Tyler Cowen, Vice ChairExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution37ContributionCnt
Noncash Contributions Rpt F990$924,738NoncashContributionsRptF990Amt
Method Of Determining RevenuesFair Market ValueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part I, Lines 7a and 7b:The organization does not have any unrelated business income reported in Part VIII. As such, Line 7a is -0-. Federal Form 990-T was filed to report unrelated business taxable income from disallowed qualified transportation fringe benefits under the new Internal Revenue Code Section 512(a)(7). Line 7b reflects the net unrelated business taxable income reported on Line 34 of Form 990-T for these benefits between January 1, 2018 - August 31, 2018.
Form 990, Part VI, Section A, line 2Charles G. Koch is Chairman and CEO of Koch Industries, Inc. Brian Hooks is the President of the Charles Koch Foundation.
Form 990, Part VI, Section B, line 11bDraft 990 is prepared by the independent accountants and provided to the Vice Chairman of the Board for review prior to filing.
Form 990, Part VI, Section B, line 12cConflicts and potential conflicts of interest are described in the Institute's Employee Manual, which is distributed to all employees. Disclosure is required contemporaneously with any potential conflicts and employees are regularly reminded of the obligation. The Board of Directors will review any conflicts and take necessary action.
Form 990, Part VI, Section B, line 15Compensation for officers is set annually by the Executive Committee of the Board of Directors. Management provides the Committee with comparability data to consider in their review of compensation. The Chairman of the Executive Commitee of the Board of Directors communicates to Management in writing with the decisions of the Committee on officer compensation.
Form 990, Part VI, Section C, line 19The Institute's financial statements and governing documents are available upon request to those deemed to have bona fide business purpose which advances the exempt purpose of the organization.
Form 990, Part IX, line 11gGeneral contract services: Program service expenses 982,047. Management and general expenses 44,013. Fundraising expenses 161,036. Total expenses 1,187,096. Fellowships and grants: Program service expenses 1,628,046. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,628,046.
Form 990, Part XII, Line 2c:The Institute's Board of Directors assumes responsibility for oversight of the audit, including selection of independent accountant. This process is consistent with prior years.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1George A Warren Trust UA 09111969 FBO Foundation for Economic EducationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11718 Peachtree St NW Ste 1048AddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30309ZIPCd
FieldValueIRS element (for citing)
EIN046421546EIN
Primary Activities509(a)(3) Supporting Organization- See Part VIIPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusLine 11PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart II, Column (b) Primary ActivityFormAndLineReferenceDesc
ExplanationTo discover, develop and support students, scholars and other intellectuals who maintain the highest standards of academic and professional excellence. The Institute is a permanent beneficiary of the Trust.ExplanationTxt