Civic Intelligence

Atlantic Economic Society

EIN 51-0164524 • 501(c)3 • Atlanta, GA

Profile

Provide economic education information

230 Peachtree Street NW Suite 1640Atlanta, GA 30303-1514

iaes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.18x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

31st percentile

-10.0%

Higher net margin than 31% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

29th percentile

-21%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-47%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$32,858

Down $8,892 (-21%) from 2023

Liabilities

Down

$6,026

Down $2 (-0.0%) from 2023

Net Assets

Down

$26,832

Down $8,890 (-25%) from 2023

Revenue

Down

$89,225

Down $80,233 (-47%) from 2023

Expenses

Down

$98,115

Down $79,635 (-45%) from 2023

Net Income

Down

-$8,890

Down $598 (-7.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $105,726Liabilities 2011: $33,517Net Assets 2011: $72,2092011Assets 2012: $77,772Liabilities 2012: $30,622Net Assets 2012: $47,1502012Assets 2013: $77,074Liabilities 2013: $42,878Net Assets 2013: $34,1962013Assets 2014: $94,464Liabilities 2014: $57,555Net Assets 2014: $36,9092014Assets 2015: $74,162Liabilities 2015: $51,927Net Assets 2015: $22,2352015Assets 2016: $58,196Liabilities 2016: $43,955Net Assets 2016: $14,2412016Assets 2017: $62,276Liabilities 2017: $33,209Net Assets 2017: $29,0672017Assets 2018: $53,360Liabilities 2018: $28,541Net Assets 2018: $24,8192018Assets 2019: $57,856Liabilities 2019: $42,371Net Assets 2019: $15,4852019Assets 2020: $59,929Liabilities 2020: $52,038Net Assets 2020: $7,8912020Assets 2021: $82,236Liabilities 2021: $11,973Net Assets 2021: $70,2632021Assets 2022: $63,426Liabilities 2022: $19,412Net Assets 2022: $44,0142022Assets 2023: $41,750Liabilities 2023: $6,028Net Assets 2023: $35,7222023Assets 2024: $32,858Liabilities 2024: $6,026Net Assets 2024: $26,8322024

Highlighted filing

2024

Assets$32,858
Liabilities$6,026
Net Assets$26,832

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $352,981Expenses 2011: $331,471Net Income 2011: $21,5102011Revenue 2012: $284,087Expenses 2012: $309,146Net Income 2012: -$25,0592012Revenue 2013: $245,331Expenses 2013: $258,285Net Income 2013: -$12,9542013Revenue 2014: $277,793Expenses 2014: $275,080Net Income 2014: $2,7132014Revenue 2015: $264,810Expenses 2015: $279,484Net Income 2015: -$14,6742015Revenue 2016: $261,384Expenses 2016: $269,378Net Income 2016: -$7,9942016Revenue 2017: $257,748Expenses 2017: $242,922Net Income 2017: $14,8262017Revenue 2018: $271,566Expenses 2018: $275,814Net Income 2018: -$4,2482018Revenue 2019: $230,551Expenses 2019: $239,885Net Income 2019: -$9,3342019Revenue 2020: $135,619Expenses 2020: $143,213Net Income 2020: -$7,5942020Revenue 2021: $186,565Expenses 2021: $124,193Net Income 2021: $62,3722021Revenue 2022: $113,484Expenses 2022: $139,733Net Income 2022: -$26,2492022Revenue 2023: $169,458Expenses 2023: $177,750Net Income 2023: -$8,2922023Revenue 2024: $89,225Expenses 2024: $98,115Net Income 2024: -$8,8902024

Highlighted filing

2024

Revenue$89,225
Expenses$98,115
Net Income-$8,890

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.33$0.06$0.27$0.89$0.98$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.42$0.06$0.36$1.69$1.78$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.19$0.44$1.13$1.40$0.26
2021Detailed filing. Detailed filing data is available for this year.$0.82$0.12$0.70$1.87$1.24$0.62
2020Detailed filing. Detailed filing data is available for this year.$0.60$0.52$0.08$1.36$1.43$0.08
2019Summary only. Only limited summary data is available for this year.$0.58$0.42$0.15$2.31$2.40$0.09
2018Summary only. Only limited summary data is available for this year.$0.53$0.29$0.25$2.72$2.76$0.04
2017Summary only. Only limited summary data is available for this year.$0.62$0.33$0.29$2.58$2.43$0.15
2016Summary only. Only limited summary data is available for this year.$0.58$0.44$0.14$2.61$2.69$0.08
2015Summary only. Only limited summary data is available for this year.$0.74$0.52$0.22$2.65$2.79$0.15
2014Summary only. Only limited summary data is available for this year.$0.94$0.58$0.37$2.78$2.75$0.03
2013Summary only. Only limited summary data is available for this year.$0.77$0.43$0.34$2.45$2.58$0.13
2012Summary only. Only limited summary data is available for this year.$0.78$0.31$0.47$2.84$3.09$0.25
2011Summary only. Only limited summary data is available for this year.$1.06$0.34$0.72$3.53$3.31$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$89,225
Mission and Program Overview

Mission

Provide economic education information

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$38,614$26,323▼ $12,291
Cash and Non-Interest-Bearing Accounts$3,136$6,535▲ $3,399
Total Assets$41,750$32,858▼ $8,892
Liabilities
Accounts Payable and Accrued Expenses$6,028$6,026▼ $2
Total Liabilities$6,028$6,026▼ $2
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,306$14,716▼ $7,590
Net Assets With Donor Restrictions$13,416$12,116▼ $1,300
Total Net Assets Fund Balance$35,722$26,832▼ $8,890
Total Liabilities and Net Assets / Fund Balance$41,750$32,858▼ $8,892

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$17,524--$1,300$16,224
2023$18,824--$1,300$17,524
2022$20,119-▲ $5$1,300$18,824
2021$22,117-▲ $2$1,300$20,119
2020$24,201-▲ $6$1,300$22,117
Compensation and Service Providers

Board Members and Trustees

NameTitle
Xavier GabaixPresident
Viral AcharyaVice President
Amelie ConstantDirector
David KemmeDirector
Harald UhligDirector
Sibabrata DasDirector
Sung Won SohnDirector
Katherine VirgoExec. V. P.
Revenue and Support

Revenue Composition

Contributions and Grants
$46,975
Program Service Revenue
$39,293
Investment Income
$0
Other Revenue
$2,957
All Other Contributions
$39,893
Change in Net Assets
$-8,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,972
Salaries, Compensation, and Employee Benefits$31,843
Grants and Similar Amounts Paid$1,300
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$35,054-$35,054
Other Salaries and Wages-$30,003-$30,003
Fees for Services Accounting-$11,449-$11,449
Office Expenses$1,040$9,518-$10,558
Other Expenses$2,064$4,700-$6,764
Payroll Taxes-$1,840-$1,840
Grants to Domestic Individuals$1,300--$1,300
Travel-$1,147-$1,147
Total Functional Expenses$4,404$93,711$0$98,115
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Line 6 explanation - three classes of membership: class a, regular members, any natural person genuinely interested in economics, have been elected to membership, and paid annual dues/fees. Regular members have rights to vote for president, two vice-presidents, secretary-treasurer and non-officer directors. Class b, honorary members, any natural person who has obtained recognition or outstanding contribution in the field of economics and have been elected to membership. Honorary members having the same voting rights as regular members, but do not pay dues/fees. Honorary members can be elected to membership. Total aggregate of class b members shall not exceed 5% of total membership. Class c, institutional members, any organization or corporation interested in economics and business, been elected to membership, and paid annual dues/fees. Institutional members have no voting rights.

Form 990, Part VI, Section A, Line 7A

Line 7a explanation - class a and b have voting rights. Members of class a are elected to membership by majority vote of the board of directors. Members of class b are elected to membership by majority vote of the board of directors (called the executive committee by the society) and petition of 25% or more of the class a members.

Form 990, Part VI, Section B, Line 11B

Executive director performs review.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Atlantic Economic Society
EIN
51-0164524
Phone
4049651555
Address
230 PEACHTREE STREET NW SUITE 1640, ATLANTA, GA 30303-1514

Signing Officer

Name
Katherine Virgo
Title
Executive Vice President
Phone
4049651555
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine Virgo
Formed
1974
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
0

Preparer

Firm
Scheffel Boyle
Address
143 N KANSAS ST, EDWARDSVILLE, IL 62025-1770
Preparer
Scott Weber CPA
Phone
6186561206
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The "undergraduate award fund" provides grants and scholarships for undergraduate and graduate students. The "african scholarship fund" provides grants to faculty in emerging and less developed countries to participate in the european annual conference. The "endowment fund" provides an annual award for the best research article published in the "atlantic economic journal".

Raw XML AppendixShowing 400 of 410 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXEC. V. P.
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt050280
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt040133
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt088591
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt079926
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt068367
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0381000
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt025
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IRS990ScheduleA/PublicSupportCY509Pct00.96600
IRS990ScheduleA/PublicSupportPY509Pct00.94620
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt020000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt020000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0160886
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0113474
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0130206
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0108500
IRS990ScheduleA/Total509Grp/TotalAmt0588672
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt075606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0160886
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0113484
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0130210
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0108511
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0588697
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01300
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt018824
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt017524
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt020119
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt018824
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt022117
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt020119
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0700
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt01300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt024201
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt022117
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE "UNDERGRADUATE AWARD FUND" PROVIDES GRANTS AND SCHOLARSHIPS FOR UNDERGRADUATE AND GRADUATE STUDENTS. THE "AFRICAN SCHOLARSHIP FUND" PROVIDES GRANTS TO FACULTY IN EMERGING AND LESS DEVELOPED COUNTRIES TO PARTICIPATE IN THE EUROPEAN ANNUAL CONFERENCE. THE "ENDOWMENT FUND" PROVIDES AN ANNUAL AWARD FOR THE BEST RESEARCH ARTICLE PUBLISHED IN THE "ATLANTIC ECONOMIC JOURNAL".
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 6 EXPLANATION - THREE CLASSES OF MEMBERSHIP: CLASS A, REGULAR MEMBERS, ANY NATURAL PERSON GENUINELY INTERESTED IN ECONOMICS, HAVE BEEN ELECTED TO MEMBERSHIP, AND PAID ANNUAL DUES/FEES. REGULAR MEMBERS HAVE RIGHTS TO VOTE FOR PRESIDENT, TWO VICE-PRESIDENTS, SECRETARY-TREASURER AND NON-OFFICER DIRECTORS. CLASS B, HONORARY MEMBERS, ANY NATURAL PERSON WHO HAS OBTAINED RECOGNITION OR OUTSTANDING CONTRIBUTION IN THE FIELD OF ECONOMICS AND HAVE BEEN ELECTED TO MEMBERSHIP. HONORARY MEMBERS HAVING THE SAME VOTING RIGHTS AS REGULAR MEMBERS, BUT DO NOT PAY DUES/FEES. HONORARY MEMBERS CAN BE ELECTED TO MEMBERSHIP. TOTAL AGGREGATE OF CLASS B MEMBERS SHALL NOT EXCEED 5% OF TOTAL MEMBERSHIP. CLASS C, INSTITUTIONAL MEMBERS, ANY ORGANIZATION OR CORPORATION INTERESTED IN ECONOMICS AND BUSINESS, BEEN ELECTED TO MEMBERSHIP, AND PAID ANNUAL DUES/FEES. INSTITUTIONAL MEMBERS HAVE NO VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 7A EXPLANATION - CLASS A AND B HAVE VOTING RIGHTS. MEMBERS OF CLASS A ARE ELECTED TO MEMBERSHIP BY MAJORITY VOTE OF THE BOARD OF DIRECTORS. MEMBERS OF CLASS B ARE ELECTED TO MEMBERSHIP BY MAJORITY VOTE OF THE BOARD OF DIRECTORS (CALLED THE EXECUTIVE COMMITTEE BY THE SOCIETY) AND PETITION OF 25% OR MORE OF THE CLASS A MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR PERFORMS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
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IRS990/TerminateOperationsInd00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHERINE VIRGO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04049651555
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ATLANTIC ECONOMIC SOCIETY
ReturnHeader/Filer/BusinessNameControlTxt0ATLA
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ReturnHeader/Filer/USAddress/AddressLine1Txt0230 PEACHTREE STREET NW SUITE 1640
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371206530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHEFFEL BOYLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0143 N KANSAS ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDWARDSVILLE

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