Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 43-1885542 • 501(c)3 • St Louis, MO
Profile
To improve the capacity of scholars to study institutional problems in their own countries through workshops and other educational activities & to conduct and promote research on the institutions of real economic systems.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
35th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
47th percentile
Faster asset growth than 47% of similar nonprofits.
Revenue Growth
28th percentile
Faster revenue growth than 28% of similar nonprofits.
Assets
Up$612,561
Up $11,650 (+1.9%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$612,561
Up $11,650 (+1.9%) from 2023
Revenue
Down$78,497
Down $7,223 (-8.4%) from 2023
Expenses
Up$66,847
Up $26,756 (+67%) from 2023
Net Income
Down$11,650
Down $33,979 (-74%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To improve the capacity of scholars to study institutional problems intheir own countries through workshops and other educationalactivities & to conduct and promote research on the institutions of real economic systems.
To conduct and promote economic research on real economic systems
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $600,911 | $612,561 | ▲ $11,650 |
| Savings and Temporary Cash Investments | $514,155 | $559,377 | ▲ $45,222 |
| Cash and Non-Interest-Bearing Accounts | $86,756 | $53,184 | ▼ $33,572 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $600,911 | $612,561 | ▲ $11,650 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $600,911 | $612,561 | ▲ $11,650 |
| Total Liabilities and Net Assets / Fund Balance | $600,911 | $612,561 | ▲ $11,650 |
| Name | Title |
|---|---|
| Mary M Shirley | President/director |
| Philip Keefer | Vice President/director |
| Gary D Libecap | Director |
| Lee K Benham | Director |
| Roger Myerson | Director |
| Scott Gehlbach | Director |
| Claude Menard | Treasury/director |
| Alexandra L H Behnam | Secretary |
| Chenggang Xu | Sirector |
| Sam Peltzman | Sirector |
| Line Item | Amount |
|---|---|
| Other Expenses | $65,847 |
| Total Fundraising Expense | $9,374 |
| Grants and Similar Amounts Paid | $1,000 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Travel | $10,681 | $4,142 | - | $14,823 |
| Fees for Services Accounting | - | $5,985 | - | $5,985 |
| Conferences and Meetings | $4,252 | - | - | $4,252 |
| All Other Expenses | $1,691 | $1,164 | - | $2,855 |
| Other Expenses | $2,500 | $5,369 | $6,452 | $2,500 |
| Foreign Grants | $1,000 | - | - | $1,000 |
| Fees for Services Other | - | $99 | - | $99 |
| Total Functional Expenses | $40,714 | $16,759 | $9,374 | $66,847 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“A director lee k benham and the corporate secretary alexandra l h benham are married”
“The institute does not have any formal committees”
“The form 990 is emailed to each director and officer for their review before filing”
“Conflicts of interest, if any, are required to be disclosed by board members at board meetings”
“Copies of these documents will be provided by mail upon request”
“Books, subscriptions & reference: program service expenses 0. Management and general expenses 1,164. Fundraising expenses 0. Total expenses 1,164. Education & networking: program service expenses 1,096. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,096. Workshops: program service expenses 385. Management and general expenses 0. Fundraising expenses 0. Total expenses 385. Alumni award: program service expenses 210. Management and general expenses 0. Fundraising expenses 0. Total expenses 210.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO CONDUCT AND PROMOTE ECONOMIC RESEARCH ON REAL ECONOMIC SYSTEMS |
| IRS990/AllOtherContributionsAmt | 0 | 51930 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1164 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 1691 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2855 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MARY M SHIRLEY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2022580564 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 423 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | PHILOMONT |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 20131 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 86756 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 53184 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 4252 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4252 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 51930 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 1000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 26567 |
| IRS990/CYOtherExpensesAmt | 0 | 65847 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 11650 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 66847 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 9374 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 78497 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | ALUMNI MENTORING AND SUPPORT/EDUCATION & NETWORKING:THESE ALUMNI AND EDUCATIONAL ACTIVITIES ARE CRUCIAL TO MAINTAIN OUR RELATIONS WITH OUR ALUMNI AND FACULTY, BUILD OUR NETWORK, RECRUIT NEW SCHOLARS AND FACULTY, AND KEEP THE COASE INSTITUTE UP TO DATE ON NEW RESEARCH. A. PARTICIPATED IN THE ANNUAL MEETINGS OF THE SOCIETY FOR ORGANIZATIONAL AND INSTITUTIONAL ECONOMICS AND ORGANIZED A PANEL FOR COASE ALUMNI TO PRESENT THEIR RESEARCH ON AUTOCRACY AND PUBLIC ATTITUDES. B. ORGANIZED THE SECOND ANNUAL ALUMNI MEETING AT THE UNIVERSITY OF CHICAGO WHERE ALUMNI PRESENT NEW RESEARCH IDEAS AND GIVE AND RECEIVE FEEDBACK FROM PEERS AND FACULTY. C. ORGANIZED THE INAUGURAL PRESENTATION BY THE AUTHORS OF THE FIRST PUBLICATION IN OUR BOOK SERIES WITH CAMBRIDGE UNIVERSITY PRESS ON AN INSTITUTIONAL ANALYSIS OF HOMESTEADING AS A FORM OF PROPERTY RIGHTS. D. AWARDED OUR EIGHT ANNUAL ACHIEVEMENT AWARD TO AN OUTSTANDING ALUMNUS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 27054 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 5985 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 5985 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 99 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 99 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignGrantsGrp/ProgramServicesAmt | 0 | 1000 |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 1000 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MARY M SHIRLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CLAUDE MENARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LEE K BENHAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ROGER MYERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | GARY D LIBECAP |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | PHILIP KEEFER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | SAM PELTZMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | CHENGGANG XU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SCOTT GEHLBACH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | ALEXANDRA L H BEHNAM |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT/DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURY/DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | VICE PRESIDENT/DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | SIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | SIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | SECRETARY |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2000 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantAmt | 0 | 1000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 78497 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 26567 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 26567 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 4 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MO |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO IMPROVE THE CAPACITY OF SCHOLARS TO STUDY INSTITUTIONAL PROBLEMS IN THEIR OWN COUNTRIES THROUGH WORKSHOPS AND OTHER EDUCATIONAL ACTIVITIES & TO CONDUCT AND PROMOTE RESEARCH ON THE INSTITUTIONS OF REAL ECONOMIC SYSTEMS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 600911 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 612561 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONSULTANTS |
| IRS990/OtherExpensesGrp/Desc | 1 | RESEARCH SUPPORT |
| IRS990/OtherExpensesGrp/Desc | 2 | FOOD |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 2922 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 6452 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 5369 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 6930 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 13660 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 2500 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 15221 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 13660 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6452 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2500 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | MARY M SHIRLEY |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | RESEARCH SUPPORTLAUNCHED A COMPETITIVE RESEARCH GRANT PROGRAM TO ASSIST YOUNG SCHOLARS WHO MIGHT OTHERWISE HAVE DIFFICULTY GETTING FUNDING TO INVESTIGATE KEY QUESTIONS IN INSTITUTIONAL ECONOMICS. CONTRACTED A SENIOR SCHOLAR TO SUPERVISE THE PROGRAM, COMPLETED A LITERATURE REVIEW, CIRCULATED A CALL FOR PROPOSALS, AND FORMED A SCIENTIFIC COMMITTEE WHICH SELECTED THE FOUR BEST PROPOSALS. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 13660 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 61219 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 1000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 24501 |
| IRS990/PYOtherExpensesAmt | 0 | 39091 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 45629 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 40091 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 85720 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 11650 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 600911 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 612561 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 514155 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 559377 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt | 0 | 500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 50000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 25000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt | 0 | 27000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt | 0 | 26000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 128500 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | STATEMENT OF FACTS AND CIRCUMSTANCES SUPPORTING THE RONALD COASE INSTITUTE'S STATUS AS A PUBLICLY SUPPORTED CHARITY, 2024 ACTIVITIES TO ACCOMPLISH EXEMPT PURPOSES THE RONALD COASE INSTITUTE WAS FOUNDED IN 2000 BY RONALD COASE, NOBEL LAUREATE IN ECONOMICS, AND A GROUP OF LIKE-MINDED SCHOLARS. ITS GOAL IS TO PROMOTE RESEARCH ON THE RULES, LAWS, NORMS, AND CUSTOMS THAT GOVERN REAL ECONOMIES, SO THAT PROBLEMS CAN BE IDENTIFIED AND OVERCOME. THE WORKSHOPS, MENTORING, CONFERENCES, GRANTS, AND NETWORK OF THE RONALD COASE INSTITUTE HELP UNIVERSITY STUDENTS, POST-DOCTORAL SOCIAL SCIENTISTS, YOUNG PROFESSORS AND OTHER YOUNG SCHOLARS, MOSTLY FROM DEVELOPING AND TRANSITIONAL ECONOMIES, TO STUDY IMPORTANT ECONOMIC PROBLEMS IN THEIR OWN COUNTRIES, AND SEEK PRACTICAL SOLUTIONS TO INCREASE PEOPLE'S OPPORTUNITIES TO IMPROVE THEIR OWN LIVES. THROUGH OUR WORKSHOPS AND MENTORING, ESTABLISHED SCHOLARS BUILD THE CAPACITY OF YOUNG RESEARCHERS TO USE THE TOOLS OF INSTITUTIONAL ECONOMICS TO 1) FORMULATE SIGNIFICANT RESEARCH QUESTIONS, 2) DESIGN AND IMPLEMENT EMPIRICAL RESEARCH, 3) COMMUNICATE THEIR RESULTS PERSUASIVELY TO SCHOLARS, POLICY MAKERS, AND THE PUBLIC, AND 4) DISSEMINATE THEIR FINDINGS WIDELY. OUR WORKSHOPS, CONFERENCES, AND OTHER ACTIVITIES HELP CREATE A COLLABORATIVE NETWORK OF OUTSTANDING SCHOLARS WHO STUDY SOCIETIES' PRESSING PROBLEMS, PUBLISH EXCELLENT SCHOLARLY RESEARCH, AND WORK AS TEACHERS, ADVISORS, AND OPINION LEADERS TO INFLUENCE THEIR COUNTRIES' FUTURE. THE COASE INSTITUTE SUPPORTS TRANSFORMATIVE RESEARCH BY FUNDING AND GUIDING SIGNIFICANT RESEARCH PROJECTS AND BY ORGANIZING RESEARCH CONFERENCES, SEMINARS, AND MEETINGS TO ANALYZE INSTITUTIONAL ISSUES AND DISSEMINATE AND CRITIQUE RESEARCH FINDINGS. INFORMATION ON INSTITUTIONAL ECONOMICS, THE WORK OF RONALD COASE, AND THE PARTICIPANTS AND ACTIVITIES OF THE INSTITUTE ARE FREELY PROVIDED ON THE INSTITUTE'S WEBSITE. DURING THE COVID PANDEMIC THE INSTITUTE ALSO HOSTED ONLINE WEBINARS TO DISCUSS CURRENT RESEARCH. THESE VIDEOS ARE ALSO AVAILABLE THROUGH OUR WEBSITE. PERCENTAGE OF FINANCIAL SUPPORT FROM THE PUBLIC THE AVERAGE FINANCIAL SUPPORT RECEIVED BY THE RONALD COASE INSTITUTE FROM THE PUBLIC (SCHEDULE A, PART III, SECTION C LINE 15) FOR THE PERIOD 2024 WAS 38%. IN 2023 IT WAS 32%. SOURCES OF SUPPORT THE RONALD COASE INSTITUTE RECEIVES FINANCIAL SUPPORT FROM PUBLIC/GOVERNMENTAL SOURCES AS WELL AS INDIVIDUALS AND PRIVATE FOUNDATIONS WITH AN INTEREST IN EDUCATING SOCIAL SCIENTISTS TO STUDY AND OVERCOME INSTITUTIONAL PROBLEMS IN THEIR OWN COUNTRIES AND IN EXPANDING RESEARCH ON CRITICAL INSTITUTIONAL BARRIERS TO PROGRESS AND INNOVATION. ALUMNI OF THE INSTITUTE ALSO REGULARLY CONTRIBUTE FINANCIALLY. SINCE OVER 80% OF COASE ALUMNI ARE FROM DEVELOPING AND TRANSITIONAL COUNTRIES AND MOST WORK AS ACADEMICS, THEIR CONTRIBUTIONS ARE NECESSARILY SMALL. WE CHARGE TUITION FOR OUR WORKSHOPS, BUT WAIVE TUITION IN CASES OF HARDSHIP. UNIVERSITIES AND OTHER PUBLICLY SUPPORTED EDUCATIONAL ORGANIZATIONS COOPERATE IN THE INSTITUTE'S ACTIVITIES, PROVIDING SUPPORT BY PAYING FOR PARTICIPANTS' MEALS, ACCOMMODATIONS, TRANSPORT AND THE LIKE. SOME PROVIDE FUNDS FOR THE INSTITUTE TO BRING ITS ALUMNI AS VISITING FACULTY AND SCHOLARS. NOTE: THE COASE INSTITUTE ALSO RECEIVES A LARGE AMOUNT OF OTHER SUPPORT FROM OUTSTANDING SCHOLARS AND EXPERTS WHO VOLUNTEER THEIR SERVICES AS OFFICERS AND DIRECTORS, AS FACULTY IN OUR WORKSHOPS, AND AS CONTRIBUTORS TO OUR OTHER ACTIVITIES. A TOTAL OF 133 INDIVIDUALS (INCLUDING 34 ALUMNI OF EARLIER WORKSHOPS) HAVE CONTRIBUTED THEIR TIME AND SERVICES TO WORK WITHOUT COMPENSATION AS CORE FACULTY AND LECTURERS FOR THE INSTITUTE WORKSHOPS. THESE INDIVIDUALS ARE PROFESSORS OR EXPERT PRACTITIONERS IN THE FIELDS OF ECONOMICS, LAW, POLITICAL SCIENCE, AND RELATED DISCIPLINES. MOST ARE WIDELY PUBLISHED AND RECOGNIZED AUTHORITIES IN THE FIELD OF NEW INSTITUTIONAL ECONOMICS. SIX ARE NOBEL LAUREATES IN ECONOMICS. IN ADDITION, THE INSTITUTE RECEIVES EXPERT LEGAL ADVICE PRO BONO. FUNDRAISING PROGRAM |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | RESEARCH, AND SOCIAL EVENTS. SOME EXCEPTIONAL ALUMNI HAVE BEEN SUPPORTED THROUGH SMALL RESEARCH GRANTS AND SPONSORSHIPS TO BE VISITING FELLOWS AT THE UNIVERSITY OF CHICAGO, GEORGE MASON UNIVERSITY, AND WASHINGTON UNIVERSITY IN ST. LOUIS. THE INSTITUTE'S WEBINARS FEATURE OUTSTANDING SCHOLARS DISCUSSING THEIR RESEARCH AND ANSWERING QUESTIONS FROM THE AUDIENCE. OUR NEW PROGRAM OF RESEARCH SUPPORT FUNDS RESEARCH ON PRESSING AREAS OF POLICY CONCERN AND SUPPORTS EXCELLENT YOUNG SCHOLARS WHO MIGHT OTHERWISE NOT HAVE ACCESS TO FUNDS. THE INSTITUTE POSTS INFORMATION ABOUT ITS ACTIVITIES ON ITS WEBSITE. THESE INCLUDE ANNOUNCEMENTS OF COMPETITIONS FOR UPCOMING WORKSHOPS AND RESEARCH GRANTS PLUS COMPLETE PAST WORKSHOP PROGRAMS, LISTS OF THE PARTICIPANTS AND FACULTY AND PARTICIPANTS' RESEARCH ABSTRACTS; VIDEOS OF WEBINARS; ALUMNI NEWS AND PROFESSIONAL PROFILES; INFORMATION ABOUT JOBS, CONFERENCES, AND PUBLICATIONS IN NEW INSTITUTIONAL ECONOMICS; AND WORKING PAPERS BY THE INSTITUTE'S OFFICERS, ALUMNI, FACULTY, AND FELLOWS. THE WEBSITE ALSO PROVIDES INFORMATION ABOUT RONALD COASE, NOBEL PRIZE WINNER AND A FOUNDER OF THE FIELD OF NEW INSTITUTIONAL ECONOMICS, INCLUDING A COMPLETE LIST OF HIS PUBLICATIONS AND ONLINE MATERIALS. THE WEBSITE OFFERS A GLOSSARY IN MULTIPLE LANGUAGES AND READING LISTS ON NEW INSTITUTIONAL ECONOMICS. ALL THESE ARE FREELY AVAILABLE TO MEMBERS OF THE PUBLIC. THE INSTITUTE ALSO MAINTAINS A FACEBOOK PAGE WITH LINKS TO EVENTS AND INFORMATION SUCH AS JOB OPENINGS, USEFUL TO OUR NETWORK AND TO SCHOLARS OF NEW INSTITUTIONAL ECONOMICS. |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | PART III LINE19 SCHEDULE A PART VI SUPPLEMENTAL INFORMATION |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A DIRECTOR LEE K BENHAM AND THE CORPORATE SECRETARY ALEXANDRA L H BENHAM ARE MARRIED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE INSTITUTE DOES NOT HAVE ANY FORMAL COMMITTEES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 IS EMAILED TO EACH DIRECTOR AND OFFICER FOR THEIR REVIEW BEFORE FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CONFLICTS OF INTEREST, IF ANY, ARE REQUIRED TO BE DISCLOSED BY BOARD MEMBERS AT BOARD MEETINGS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | COPIES OF THESE DOCUMENTS WILL BE PROVIDED BY MAIL UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BOOKS, SUBSCRIPTIONS & REFERENCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,164. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,164. EDUCATION & NETWORKING: PROGRAM SERVICE EXPENSES 1,096. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,096. WORKSHOPS: PROGRAM SERVICE EXPENSES 385. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 385. ALUMNI AWARD: PROGRAM SERVICE EXPENSES 210. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 210. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 24E |
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