Civic Intelligence

Society for Economic Dynamics

990 • Fiscal year 2025 • EIN 61-1567972

Jan 01, 2025 to Dec 31, 2025

Organization Profilewww.economicdynamics.org
90 Hennepin AveMinneapolis, MN 55401-1804

(864) 650-2500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2025 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2025 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2025 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2025 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

46th percentile

2.4%

Faster asset growth than 46% of similar nonprofits.

2025 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

8th percentile

-35%

Faster revenue growth than 8% of similar nonprofits.

2025 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$534,978

Up $194,660 (+57%) from 2023

Net Assets

Up

$534,978

Up $194,660 (+57%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin16th percentile

Revenue

Up

$253,058

Up $81,336 (+47%) from 2023

Expenses

Down

$291,228

Down $7,484 (-2.5%) from 2023

Net Income

Up

-$38,170

Up $88,820 (+70%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $180,123Liabilities 2011: $0Net Assets 2011: $180,1232011Assets 2012: $187,118Liabilities 2012: $0Net Assets 2012: $187,1182012Assets 2013: $267,415Liabilities 2013: $0Net Assets 2013: $267,4152013Assets 2014: $271,435Liabilities 2014: $0Net Assets 2014: $271,4352014Assets 2015: $268,585Liabilities 2015: $0Net Assets 2015: $268,5852015Assets 2016: $279,119Liabilities 2016: $0Net Assets 2016: $279,1192016Assets 2017: $311,160Liabilities 2017: $0Net Assets 2017: $311,1602017Assets 2018: $300,484Liabilities 2018: $0Net Assets 2018: $300,4842018Assets 2019: $346,043Liabilities 2019: $0Net Assets 2019: $346,0432019Assets 2020: $359,219Liabilities 2020: $0Net Assets 2020: $359,2182020Assets 2021: $425,442Liabilities 2021: $0Net Assets 2021: $425,4422021Assets 2022: $434,045Liabilities 2022: $0Net Assets 2022: $434,0452022Assets 2023: $340,318Liabilities 2023: $0Net Assets 2023: $340,3182023Assets 2025: $534,978Liabilities 2025: $0Net Assets 2025: $534,9782025

Highlighted filing

2025

Assets$534,978
Liabilities$0
Net Assets$534,978
Open 2025 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $148,975Expenses 2011: $119,330Net Income 2011: $29,6452011Revenue 2012: $175,316Expenses 2012: $169,335Net Income 2012: $5,9812012Revenue 2013: $156,229Expenses 2013: $69,662Net Income 2013: $86,5672013Revenue 2014: $166,235Expenses 2014: $163,468Net Income 2014: $2,7672014Revenue 2015: $161,791Expenses 2015: $157,658Net Income 2015: $4,1332015Revenue 2016: $5,898Expenses 2016: $189,459Net Income 2016: -$183,5612016Revenue 2017: $213,037Expenses 2017: $204,694Net Income 2017: $8,3432017Revenue 2018: $189,919Expenses 2018: $181,549Net Income 2018: $8,3702018Revenue 2019: $186,476Expenses 2019: $177,627Net Income 2019: $8,8492019Revenue 2020: $6,890Expenses 2020: $23,877Net Income 2020: -$16,9872020Revenue 2021: $95,062Expenses 2021: $49,230Net Income 2021: $45,8322021Revenue 2022: $150,109Expenses 2022: $80,671Net Income 2022: $69,4382022Revenue 2023: $171,722Expenses 2023: $298,712Net Income 2023: -$126,9902023Revenue 2025: $253,058Expenses 2025: $291,228Net Income 2025: -$38,1702025

Highlighted filing

2025

Revenue$253,058
Expenses$291,228
Net Income-$38,170
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 21, 2026
Return Version
2025v4.0
Gross Receipts
$253,058
Mission and Program Overview

Mission

The particular mission of the Society for Economic Dynamics is to encourage and support economic research by issuing publications on economic subjects and by hosting conferences to disseminate new ideas in Economics. The Society will take no partisan attitude.

The Society is organized exclusively for scientific and education purposes as specified in Section 501(c)(3). The particular purpose is to encourage and support economic research by issuing publications on economic subjects and by hosting conferences to disseminate new ideas in economics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$375,092$436,884▲ $61,792
Cash and Non-Interest-Bearing Accounts$147,314$98,094▼ $49,220
Total Assets$522,406$534,978▲ $12,572
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$522,406$534,978▲ $12,572
Total Net Assets Fund Balance$522,406$534,978▲ $12,572
Total Liabilities and Net Assets / Fund Balance$522,406$534,978▲ $12,572
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Juan Pablo NicoliniPresident
Boyan JovanovicDirector
David LevineDirector
Ellen McGrattanDirector
Ramon MarimonDirector
Richard RogersonDirector
Thomas SargentDirector
Timothy KehoeDirector
Paulina Restrepo-EcheavarriaSecretary
Todd SchoellmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$242,008
Investment Income
$11,050
Other Revenue
$0
Change in Net Assets
$-38,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$280,725--$280,725
Information Technology$3,494$1,727-$5,221
Travel$4,637--$4,637
Fees for Services Accounting$87$558-$645
Total Functional Expenses$288,943$2,285$0$291,228
International Activity

International Summary

Offices
0
Employees
0
Spending
$280,725

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Copenhagen, DenmarkProgram servicesconference00$160,000
Barcelona, SpainProgram servicesconference00$72,630
Buenos Aires, ArgentinaProgram servicesconference00$48,095
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
No
Audit committee
No
Backup withholding compliance
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

Part VI, Line 1A

“Our officers are presented with copies of our financial statements and tax filings in February. They are asked to review them and approve them at our annual meeting. In the event that a correction is requested by an officer, an amendment will be filed. Our statements and filings are posted for public access on our Society's website.”

Part VI, Line 11B

“Our officers are presented with copies of our financial statements and tax filings in February. They are asked to review them and approve them at our annual meeting. In the event that a correction is requested by an officer, an amendment will be filed.”

Part VI, Line 19

“Our statements and filings are posted for public access on our Society's website.”

Filing and Contact Details

Filer

Filer Name
Society for Economic Dynamics
EIN
61-1567972
Address
90 HENNEPIN AVE, MINNEAPOLIS, MN 55401-1804

Signing Officer

Name
Todd Kurtis Schoellman
Title
Treasurer
Signed
2026-02-21

Organization Details

Principal Officer
Todd Schoellman
Formed
2008
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0160000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt172630
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt248095
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Copenhagen, Denmark
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Barcelona, Spain
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Buenos Aires, Argentina
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0conference
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1conference
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2conference
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0280725
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0280725
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Our officers are presented with copies of our financial statements and tax filings in February. They are asked to review them and approve them at our annual meeting. In the event that a correction is requested by an officer, an amendment will be filed. Our statements and filings are posted for public access on our Society's website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Our officers are presented with copies of our financial statements and tax filings in February. They are asked to review them and approve them at our annual meeting. In the event that a correction is requested by an officer, an amendment will be filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Our statements and filings are posted for public access on our Society's website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0522406
IRS990/TotalAssetsEOYAmt0534978
IRS990/TotalAssetsGrp/BOYAmt0522406
IRS990/TotalAssetsGrp/EOYAmt0534978
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02285
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0288943
IRS990/TotalFunctionalExpensesGrp/TotalAmt0291228
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0522406
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0534978
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0242008
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0253058
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253058
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0522406
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0534978
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt04637
IRS990/TravelGrp/TotalAmt04637
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04801 Thomas Ave S
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055410
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0https://www.economicdynamics.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Todd Kurtis Schoellman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOCIETY FOR ECONOMIC DYNAMICS
ReturnHeader/Filer/BusinessNameControlTxt0SOCI
ReturnHeader/Filer/EIN0611567972
ReturnHeader/Filer/USAddress/AddressLine1Txt090 HENNEPIN AVE
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0554011804
ReturnHeader/ReturnTs02026-02-21T20:46:17Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$534,978
Liabilities
$0
Net assets
$534,978
Revenue
$253,058
Expenses
$291,228
Net income
-$38,170
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.35$0.00$5.35$2.53$2.91$0.38
2023Summary only. Only limited summary data is available for this year.$3.40$0.00$3.40$1.72$2.99$1.27
2022Summary only. Only limited summary data is available for this year.$4.34$0.00$4.34$1.50$0.81$0.69
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$0.00$4.25$0.95$0.49$0.46
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$0.00$3.59$0.07$0.24$0.17
2019Summary only. Only limited summary data is available for this year.$3.46$0.00$3.46$1.86$1.78$0.09
2018Summary only. Only limited summary data is available for this year.$3.00$0.00$3.00$1.90$1.82$0.08
2017Summary only. Only limited summary data is available for this year.$3.11$0.00$3.11$2.13$2.05$0.08
2016Summary only. Only limited summary data is available for this year.$2.79$0.00$2.79$0.06$1.89$1.84
2015Summary only. Only limited summary data is available for this year.$2.69$0.00$2.69$1.62$1.58$0.04
2014Summary only. Only limited summary data is available for this year.$2.71$0.00$2.71$1.66$1.63$0.03
2013Summary only. Only limited summary data is available for this year.$2.67$0.00$2.67$1.56$0.70$0.87
2012Summary only. Only limited summary data is available for this year.$1.87$0.00$1.87$1.75$1.69$0.06
2011Summary only. Only limited summary data is available for this year.$1.80$0.00$1.80$1.49$1.19$0.30