Civic Intelligence

Ludwig Institute for Shared Economic

EIN 86-1970328 • 501(c)4 • Washington, DC

Profile

Improve the economic well-being of middle- and lower-income americans through research, education, policy, and advocacy.

1700 PENNSYLVANIA AVE NW Suite 500Washington, DC 20006

www.lisep.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

1st percentile

-78455%

Higher net margin than 1% of similar nonprofits.

501(c)4 • <$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

16th percentile

-41%

Faster asset growth than 16% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

4th percentile

-99%

Faster revenue growth than 4% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$85,146

Down $54,132 (-39%) from 2023

Liabilities

Down

$0

Down $1,631,242 (-100%) from 2023

Net Assets

Up

$85,146

Up $1,577,110 (+106%) from 2023

Revenue

Up

$69

Up $69 from 2023

Expenses

Down

$54,203

Down $50,807 (-48%) from 2023

Net Income

Up

-$54,134

Up $50,876 (+48%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2021: $931,650Liabilities 2021: $969,822Net Assets 2021: -$38,1722021Assets 2022: $243,837Liabilities 2022: $1,630,791Net Assets 2022: -$1,386,9542022Assets 2023: $139,278Liabilities 2023: $1,631,242Net Assets 2023: -$1,491,9642023Assets 2024: $85,146Liabilities 2024: $0Net Assets 2024: $85,1462024

Highlighted filing

2024

Assets$85,146
Liabilities$0
Net Assets$85,146

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2021: $2,000,401Expenses 2021: $2,038,573Net Income 2021: -$38,1722021Revenue 2022: $1,000,100Expenses 2022: $2,348,882Net Income 2022: -$1,348,7822022Revenue 2023: $0Expenses 2023: $105,010Net Income 2023: -$105,0102023Revenue 2024: $69Expenses 2024: $54,203Net Income 2024: -$54,1342024

Highlighted filing

2024

Revenue$69
Expenses$54,203
Net Income-$54,134

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$69
Mission and Program Overview

Mission

Improve the economic well-being of middle- and lower-income americans through research, education, policy, and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,185$41,185→ $0
Cash and Non-Interest-Bearing Accounts$94,428$40,296▼ $54,132
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$139,278$85,146▼ $54,132
Other Assets Total$3,665$3,665→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,630,883$0▼ $1,630,883
Other Liabilities$359$0▼ $359
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,631,242$0▼ $1,631,242
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,491,964$85,146▲ $1,577,110
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$-1,491,964$85,146▲ $1,577,110
Total Liabilities and Net Assets / Fund Balance$139,278$85,146▼ $54,132

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$41,185$0$41,185
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eugene LudwigDirector, President
Carol LudwigDirector, Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$69
Change in Net Assets
$-54,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,203
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
Fees for Services Other$0$0$0$30,000
Fees for Services Accounting$0--$23,953
Other Expenses$0--$250
Total Functional Expenses$0$0$0$54,203
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 2

Eugene ludwig and carol ludwig have a family relationship.

Part VI, Section B, Line 11B

A copy of form 990 is provided to every board member prior to filing it with the irs.

Part VI, Section B, Line 12A

Ludwig institute for shared economic prosperity's ("lisep") conflict of interest policy states that members of the board of directors have an obligation to disclose any potential or actual conflicts of interest to lisep. In response to any actual or potential conflicts of interest, the board of directors will take mitigating actions to ensure that no improper benefits are received through a transaction and that the fairness or propriety of lisep's decision-making processes are not called into question, including recusal of the interested person from the evaluation and vote with respect to the transaction. If there are no disinterested board members to evaluate and approve a transaction, then the board may nevertheless approve a transaction if the board determines that the transaction is in lisep's best interest, for its own benefit, and fair and reasonable to lisep, taking into account the relevant information and facts. In doing so, the board must determine that lisep will make payments of not more than fair market value, or receive payments of not less than fair market value, as the case may be, so that the terms of the transaction approximate as nearly as possible terms that would be approved in an arm's length transaction.

Part VI, Section B, Line 15

Lisep does not compensate any of its officers.

Filing and Contact Details

Filer

Filer Name
Ludwig Institute for Shared Economic
EIN
86-1970328
In Care Of
% CAROL LUDWIG
Phone
2023601052
Address
1700 PENNSYLVANIA AVE NW Suite 500, WASHINGTON, DC 20006

Signing Officer

Name
Eugene Ludwig
Title
President
Phone
2023601052
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eugene Ludwig
Formed
2021
Legal Domicile
Dc
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Pwc US Tax Llp
Address
655 NEW YORK AVE NW SUITE 1100, WASHINGTON, DC 20001
Preparer
Travis L Patton
Phone
2024141000
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:consulting total fees:30000

Raw XML Appendix396 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EUGENE LUDWIG AND CAROL LUDWIG HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO EVERY BOARD MEMBER PRIOR TO FILING IT WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY'S ("LISEP") CONFLICT OF INTEREST POLICY STATES THAT MEMBERS OF THE BOARD OF DIRECTORS HAVE AN OBLIGATION TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST TO LISEP. IN RESPONSE TO ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, THE BOARD OF DIRECTORS WILL TAKE MITIGATING ACTIONS TO ENSURE THAT NO IMPROPER BENEFITS ARE RECEIVED THROUGH A TRANSACTION AND THAT THE FAIRNESS OR PROPRIETY OF LISEP'S DECISION-MAKING PROCESSES ARE NOT CALLED INTO QUESTION, INCLUDING RECUSAL OF THE INTERESTED PERSON FROM THE EVALUATION AND VOTE WITH RESPECT TO THE TRANSACTION. IF THERE ARE NO DISINTERESTED BOARD MEMBERS TO EVALUATE AND APPROVE A TRANSACTION, THEN THE BOARD MAY NEVERTHELESS APPROVE A TRANSACTION IF THE BOARD DETERMINES THAT THE TRANSACTION IS IN LISEP'S BEST INTEREST, FOR ITS OWN BENEFIT, AND FAIR AND REASONABLE TO LISEP, TAKING INTO ACCOUNT THE RELEVANT INFORMATION AND FACTS. IN DOING SO, THE BOARD MUST DETERMINE THAT LISEP WILL MAKE PAYMENTS OF NOT MORE THAN FAIR MARKET VALUE, OR RECEIVE PAYMENTS OF NOT LESS THAN FAIR MARKET VALUE, AS THE CASE MAY BE, SO THAT THE TERMS OF THE TRANSACTION APPROXIMATE AS NEARLY AS POSSIBLE TERMS THAT WOULD BE APPROVED IN AN ARM'S LENGTH TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LISEP DOES NOT COMPENSATE ANY OF ITS OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:CONSULTING TOTAL FEES:30000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 12A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CAROL AND GENE LUDWIG FAMILY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LUDWIG INSTITUTE FOR SHARED ECONOMIC PRO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562305290
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1921070406
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GRANTMAKING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1GRANTMAKING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01700 PENNSYLVANIA AVE NW SUITE 500
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11700 PENNSYLVANIA AVE NW SUITE 500
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020006
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd120006
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0139278
IRS990/TotalAssetsEOYAmt085146
IRS990/TotalAssetsGrp/BOYAmt0139278
IRS990/TotalAssetsGrp/EOYAmt085146
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt054203
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01631242
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01631242
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1491964
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt085146
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt069
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt069
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0139278
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt085146
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01700 PENNSYLVANIA AVE NW SUIT
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020006
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.LISEP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EUGENE LUDWIG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02023601052
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LUDWIG INSTITUTE FOR SHARED ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PROSPERITY
ReturnHeader/Filer/BusinessNameControlTxt0LUDW
ReturnHeader/Filer/EIN0861970328
ReturnHeader/Filer/InCareOfNm0% CAROL LUDWIG
ReturnHeader/Filer/PhoneNum02023601052
ReturnHeader/Filer/USAddress/AddressLine1Txt01700 PENNSYLVANIA AVE NW Suite 500
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020006
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PWC US TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0655 NEW YORK AVE NW SUITE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020001
ReturnHeader/PreparerPersonGrp/PhoneNum02024141000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRAVIS L PATTON
ReturnHeader/ReturnTs02025-11-12T15:32:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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