Civic Intelligence

Institute for Humane Studies

990 • Fiscal year 2015 • EIN 94-1623852

Sep 01, 2014 to Aug 31, 2015 • Filed on Mar 02, 2016

3434 Washington Blvd MS 1C5Arlington, VA 22201

(703) 993-4880

Siviq Scores

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

Liabilities / Assets

41st percentile

0.16x

Higher debt load relative to assets than 41% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

24th percentile

0.08x

Higher debt load relative to revenue than 24% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

80th percentile

$309,035

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

93rd percentile

40%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

74th percentile

14%

Faster revenue growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$6,925,177

Up $1,979,328 (+40%) from 2014

Net Assets

Up

$5,825,243

Up $1,512,475 (+35%) from 2014

Liabilities

Up

$1,099,934

Up $466,853 (+74%) from 2014

Revenue

Up

$13,148,796

Up $1,632,037 (+14%) from 2014

Expenses

Up

$11,590,380

Up $279,580 (+2.5%) from 2014

Net Income

Up

$1,558,416

Up $1,352,457 (+657%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $5,062,561Liabilities 2011: $594,105Net Assets 2011: $4,468,4562011Assets 2012: $4,670,149Liabilities 2012: $858,343Net Assets 2012: $3,811,8062012Assets 2013: $4,392,328Liabilities 2013: $733,884Net Assets 2013: $3,658,4442013Assets 2014: $4,945,849Liabilities 2014: $633,081Net Assets 2014: $4,312,7682014Assets 2015: $6,925,177Liabilities 2015: $1,099,934Net Assets 2015: $5,825,2432015Assets 2016: $9,202,604Liabilities 2016: $1,329,516Net Assets 2016: $7,873,0882016Assets 2017: $8,828,805Liabilities 2017: $1,295,698Net Assets 2017: $7,533,1072017Assets 2018: $9,848,348Liabilities 2018: $2,076,359Net Assets 2018: $7,771,9892018Assets 2019: $10,576,746Liabilities 2019: $1,786,389Net Assets 2019: $8,790,3572019Assets 2020: $15,087,210Liabilities 2020: $2,092,713Net Assets 2020: $12,994,4972020Assets 2021: $15,952,921Liabilities 2021: $1,700,104Net Assets 2021: $14,252,8172021Assets 2022: $19,221,469Liabilities 2022: $1,557,376Net Assets 2022: $17,664,0932022Assets 2023: $25,514,779Liabilities 2023: $9,090,521Net Assets 2023: $16,424,2582023Assets 2024: $35,458,810Liabilities 2024: $6,280,876Net Assets 2024: $29,177,9342024Assets 2025: $33,037,779Liabilities 2025: $3,249,848Net Assets 2025: $29,787,9312025

Highlighted filing

2015

Assets$6,925,177
Liabilities$1,099,934
Net Assets$5,825,243

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $9,904,619Expenses 2011: $8,632,911Net Income 2011: $1,271,7082011Expenses 2012: $11,236,2962012Expenses 2013: $11,449,8922013Revenue 2014: $11,516,759Expenses 2014: $11,310,800Net Income 2014: $205,9592014Revenue 2015: $13,148,796Expenses 2015: $11,590,380Net Income 2015: $1,558,4162015Revenue 2016: $17,440,753Expenses 2016: $15,405,367Net Income 2016: $2,035,3862016Revenue 2017: $17,911,252Expenses 2017: $18,238,447Net Income 2017: -$327,1952017Revenue 2018: $18,706,083Expenses 2018: $18,438,265Net Income 2018: $267,8182018Revenue 2019: $19,122,769Expenses 2019: $18,124,605Net Income 2019: $998,1642019Revenue 2020: $21,122,878Expenses 2020: $17,003,146Net Income 2020: $4,119,7322020Revenue 2021: $17,706,428Expenses 2021: $16,509,635Net Income 2021: $1,196,7932021Revenue 2022: $20,882,389Expenses 2022: $17,067,802Net Income 2022: $3,814,5872022Revenue 2023: $17,158,040Expenses 2023: $18,258,109Net Income 2023: -$1,100,0692023Revenue 2024: $31,057,023Expenses 2024: $18,205,179Net Income 2024: $12,851,8442024Revenue 2025: $21,127,707Expenses 2025: $20,443,149Net Income 2025: $684,5582025

Highlighted filing

2015

Revenue$13,148,796
Expenses$11,590,380
Net Income$1,558,416
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Mar 2, 2016
Return Version
2014v6.0
Gross Receipts
$14,282,997
Mission and Program Overview

Mission

The 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$807,904$3,248,466▲ $2,440,562
Cash and Non-Interest-Bearing Accounts$1,708,817$1,524,174▼ $184,643
Investments in Publicly Traded Securities$1,588,171$1,015,478▼ $572,693
Prepaid Expenses and Deferred Charges$75,176$217,124▲ $141,948
Pledges and Grants Receivable$174,012$190,837▲ $16,825
Land, Buildings, and Equipment, Net$146,981$169,641▲ $22,660
Accounts Receivable$48,996$72,071▲ $23,075
Total Assets$4,945,849$6,925,177▲ $1,979,328
Other Assets Total$395,792$487,386▲ $91,594
Liabilities
Other Liabilities$567,596$639,591▲ $71,995
Accounts Payable and Accrued Expenses$65,485$460,343▲ $394,858
Total Liabilities$633,081$1,099,934▲ $466,853
Net Assets / Fund Balance
Unrestricted Net Assets$2,784,103$4,250,454▲ $1,466,351
Temporarily Rstr Net Assets$1,411,171$1,457,295▲ $46,124
Permanently Rstr Net Assets$117,494$117,494→ $0
Total Net Assets Fund Balance$4,312,768$5,825,243▲ $1,512,475
Total Liabilities and Net Assets / Fund Balance$4,945,849$6,925,177▲ $1,979,328

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$156,152$2,299,035$2,455,187
Leasehold Improvements$13,489$127,011$140,500
Other Assets Org$487,386--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$120,447-▲ $294-$120,741
2013$119,851-▲ $596-$120,447
2012$119,264-▲ $587-$119,851
2011$118,671-▲ $593-$119,264
2010$117,930-▲ $741-$118,671
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marty ZupanPresidentFT$169,100$139,935$309,035
Ronald Chad ThevenotExecutive Director/ COOFT$152,787$72,375$225,162
Jennifer ThompsonSenior Director of Educational ProgramsFT$166,250$5,887$172,137
Jennifer ThompsonSenior Director of Educational Progr-$151,250$20,887$172,137
Brian DurocherSenior Director of Brand Strategies & Comm.FT$161,250$4,089$165,339
Brian DurocherSenior Director of Brand Strategies-$151,250$14,089$165,339
Scott BartonSenior Director of Online ProgramsFT$129,500$4,089$133,589
Laura CheplakSenior Director of OperationsFT$117,500$4,986$122,486
Keri AndersonDirector of MarketingFT$109,595$4,089$113,684
Gary LeffSecretary/TreasurerPT$63,250$5,133$68,383

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Berman and CompanyMarketing and online advertising1090 Vermont Ave NW Ste 800, Washington, DC 20005$276,523
Winter Advertising GroupMarketing and online advertising10620 E Bethany Dr Bldg 7, Aurora, CO 80014$125,410
Revenue and Support

Revenue Composition

Contributions and Grants
$12,646,711
Program Service Revenue
$455,005
Investment Income
$46,619
Other Revenue
$461
All Other Contributions
$12,646,711
Change in Net Assets
$1,558,416

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded20$527,127Fair Market Value
Total Noncash Contributions20$527,127-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,148,796
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-45,941
Total Revenue per Audited Statements
$13,102,855
Total Revenue per Form 990
$13,148,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,868,794
Other Expenses$4,875,912
Total Fundraising Expense$1,157,604
Grants and Similar Amounts Paid$845,674
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,459,794$351,346$647,226$4,458,366
Fees for Services Other$1,216,230$69,359$27,310$1,312,899
Conferences and Meetings$1,159,001$3,181$1,659$1,163,841
Grants to Domestic Individuals$723,169--$723,169
Current Officers, Directors, Trustees, and Key Employees$511,239$52,650$95,508$659,397
Occupancy$504,402$34,807$60,163$599,372
Travel$561,499$26,700$9,312$597,511
Office Expenses$277,245$19,948$181,355$478,548
Payroll Taxes$317,542$26,941$51,900$396,383
Information Technology$378,946$6,383$2,745$388,074
Other Employee Benefits$269,373$36,490$48,785$354,648
Advertising$144,412--$144,412
Depreciation Depletion$81,429$5,619$9,713$96,761
Grants to Domestic Orgs$65,730--$65,730
Foreign Grants$56,775--$56,775
Fees for Services Accounting$1,447$20,601$11,265$33,313
Insurance$17,990$1,241$2,146$21,377
Fees for Services Legal-$11,038-$11,038
Other Expenses$3,466$239$413$4,118
Total Functional Expenses$9,761,910$670,866$1,157,604$11,590,380

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,590,380
Total Expenses per Audited Statements$11,590,380
Total Expenses per Form 990$11,590,380
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Students for LibertyWashington, DC501(c)(3)Student development/education$20,000
Northwood UniversityMidland, MI501(c)(3)Student development/education$9,500
Stillman CollegeTuscaloosa, AL501(c)(3)Student development/education$6,500
CNU Education FoundationNewport News, VA501(c)(3)Student development/education$5,000

International Summary

Offices
0
Employees
0
Spending
$56,775

International Compliance

Foreign grant records maintained
Yes
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
Europe (Including Iceland & Greenland)Grants to individual recipients in the regionEducational programs00$37,625
North AmericaGrants to individual and organizational recipients in the regionEducational programs00$15,600
East Asia and the PacificGrants to individual recipients in the regionEducational programs00$2,650
South AmericaGrants to individual recipients in the regionEducational programs00$550
South AsiaGrants to individual recipients in the regionEducational programs00$350
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift annuities$405,379
Deferred rent$234,212
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 2

Richard Fink is Executive Vice President of Koch Industries, Inc. Charles G. Koch is Chairman and CEO of Koch Industries, Inc.

Form 990, Part VI, Section B, line 11

Draft 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 12C

Conflicts 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 15

Compensation 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 19

The 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.

Filing and Contact Details

Filer

Filer Name
Institute for Humane Studies
EIN
94-1623852
Phone
7039934880
Address
3434 Washington Blvd MS 1C5, Arlington, VA 22201

Signing Officer

Name
Gary Leff
Title
Treasurer
Phone
7039934880
Signed
2016-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Leff
Formed
1961
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
127
Volunteers
0

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Lori A Collingsworth
Phone
7038930300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

General contract services: Program service expenses 1,011,130. Management and general expenses 69,359. Fundraising expenses 25,210. Total expenses 1,105,699. Photography, Production & Film: Program service expenses 205,100. Management and general expenses 0. Fundraising expenses 2,100. Total expenses 207,200.

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.

Financial Statement Notes

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:

The Institute did not have any significant uncertain tax positions at August 31, 2015 and 2014.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt134935
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1412375
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt155133
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt165887
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt174089
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt184986
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt194089
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt204089
IRS990/Form990PartVIISectionAGrp/PersonNm0Charles G Koch
IRS990/Form990PartVIISectionAGrp/PersonNm1Tyler Cowen
IRS990/Form990PartVIISectionAGrp/PersonNm2James Arthur Pope
IRS990/Form990PartVIISectionAGrp/PersonNm3David Humphreys
IRS990/Form990PartVIISectionAGrp/PersonNm4Richard H Fink
IRS990/Form990PartVIISectionAGrp/PersonNm5Scott Beaulier
IRS990/Form990PartVIISectionAGrp/PersonNm6Chris Rufer
IRS990/Form990PartVIISectionAGrp/PersonNm7Tim Browne
IRS990/Form990PartVIISectionAGrp/PersonNm8Christopher Coyne
IRS990/Form990PartVIISectionAGrp/PersonNm9Kristina Kendall
IRS990/Form990PartVIISectionAGrp/PersonNm10Todd Zywicki
IRS990/Form990PartVIISectionAGrp/PersonNm11Brian Hooks
IRS990/Form990PartVIISectionAGrp/PersonNm12Craig Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm13Marty Zupan
IRS990/Form990PartVIISectionAGrp/PersonNm14Ronald Chad Thevenot
IRS990/Form990PartVIISectionAGrp/PersonNm15Gary Leff
IRS990/Form990PartVIISectionAGrp/PersonNm16Jennifer Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm17Brian Durocher
IRS990/Form990PartVIISectionAGrp/PersonNm18Laura Cheplak
IRS990/Form990PartVIISectionAGrp/PersonNm19Scott Barton
IRS990/Form990PartVIISectionAGrp/PersonNm20Keri Anderson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13304100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14212787
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1563250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16166250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17161250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18117500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19129500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20109595
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Director/ COO
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Senior Director of Educational Programs
IRS990/Form990PartVIISectionAGrp/TitleTxt17Senior Director of Brand Strategies & Comm.
IRS990/Form990PartVIISectionAGrp/TitleTxt18Senior Director of Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt19Senior Director of Online Programs
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director of Marketing
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt09702
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt079033
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0723169
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0723169
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt065730
IRS990/GrantsToDomesticOrgsGrp/TotalAmt065730
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01143903
IRS990/GrossReceiptsAmt014282997
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02745
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06383
IRS990/InformationTechnologyGrp/ProgramServicesAmt0378946
IRS990/InformationTechnologyGrp/TotalAmt0388074
IRS990/InsuranceGrp/FundraisingAmt02146
IRS990/InsuranceGrp/ManagementAndGeneralAmt01241
IRS990/InsuranceGrp/ProgramServicesAmt017990
IRS990/InsuranceGrp/TotalAmt021377
IRS990/InvestmentIncomeGrp/ExclusionAmt036917
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt036917
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01588171
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01015478
IRS990/IRPDocumentCnt0198
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02426046
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0146981
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0169641
IRS990/LandBldgEquipCostOrOtherBssAmt02595687
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01134201
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The 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.
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04312768
IRS990/NetAssetsOrFundBalancesEOYAmt05825243
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt09702
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt09702
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-45941
IRS990/NoncashContributionsAmt0527127
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt060163
IRS990/OccupancyGrp/ManagementAndGeneralAmt034807
IRS990/OccupancyGrp/ProgramServicesAmt0504402
IRS990/OccupancyGrp/TotalAmt0599372
IRS990/OfficeExpensesGrp/FundraisingAmt0181355
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019948
IRS990/OfficeExpensesGrp/ProgramServicesAmt0277245
IRS990/OfficeExpensesGrp/TotalAmt0478548
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0395792
IRS990/OtherAssetsTotalGrp/EOYAmt0487386
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt048785
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt036490
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0269373
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0354648
IRS990/OtherExpensesGrp/Desc0Miscellaneous expenses
IRS990/OtherExpensesGrp/Desc1List rental
IRS990/OtherExpensesGrp/Desc2Other grant expenses
IRS990/OtherExpensesGrp/Desc3Property taxes
IRS990/OtherExpensesGrp/FundraisingAmt01090
IRS990/OtherExpensesGrp/FundraisingAmt16512
IRS990/OtherExpensesGrp/FundraisingAmt2502
IRS990/OtherExpensesGrp/FundraisingAmt3413
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04033
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1290
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2239
IRS990/OtherExpensesGrp/ProgramServicesAmt07216
IRS990/OtherExpensesGrp/ProgramServicesAmt1797
IRS990/OtherExpensesGrp/ProgramServicesAmt24208
IRS990/OtherExpensesGrp/ProgramServicesAmt33466
IRS990/OtherExpensesGrp/TotalAmt012339
IRS990/OtherExpensesGrp/TotalAmt17309
IRS990/OtherExpensesGrp/TotalAmt25000
IRS990/OtherExpensesGrp/TotalAmt34118
IRS990/OtherLiabilitiesGrp/BOYAmt0567596
IRS990/OtherLiabilitiesGrp/EOYAmt0639591
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Refunds/Reimbursements
IRS990/OtherRevenueMiscGrp/ExclusionAmt0461
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0461
IRS990/OtherRevenueTotalAmt0461
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0647226
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0351346
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03459794
IRS990/OtherSalariesAndWagesGrp/TotalAmt04458366
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt051900
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026941
IRS990/PayrollTaxesGrp/ProgramServicesAmt0317542
IRS990/PayrollTaxesGrp/TotalAmt0396383
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0117494
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0117494
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0174012
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0190837
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075176
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0217124
IRS990/PrincipalOfficerNm0Gary Leff
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Educational programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0455005
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0455005
IRS990/ProgSrvcAccomActy2Grp/Desc0Academic Talent Development: The Institute's academic talent-development programs work to develop talented young people who are interested in careers in academia. It accomplishes this through individualized mentoring, online and in-person career development seminars, scholarships, fellowships, research workshops, and strategic grants.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02364344
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0735572
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Online Educational Programs: The Institute's online educational programs work to educate a broad base of college students about the ideas of liberty and to encourage interested students to learn more and get active. These programs include production and marketing of short online educational videos, weeklong and multi-week online seminars on specific topics, and websites to distribute online educational content.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02239171
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt08790
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Student Marketing: The student marketing department markets the Institute's programs to students and introduces new audiences to the ideas of liberty through printed materials, e-mails, websites, direct mail, networking, and paid advertisements.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$33.0$3.25$29.8$21.1$20.4$0.68
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$6.28$29.2$31.1$18.2$12.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$9.09$16.4$17.2$18.3$1.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$1.56$17.7$20.9$17.1$3.81
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$1.70$14.3$17.7$16.5$1.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.1$2.09$13.0$21.1$17.0$4.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$1.79$8.79$19.1$18.1$1.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.85$2.08$7.77$18.7$18.4$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.83$1.30$7.53$17.9$18.2$0.33
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.20$1.33$7.87$17.4$15.4$2.04
2015Detailed filing. Detailed filing data is available for this year.$6.93$1.10$5.83$13.1$11.6$1.56
2014Detailed filing. Detailed filing data is available for this year.$4.95$0.63$4.31$11.5$11.3$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.39$0.73$3.66$11.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$0.86$3.81$11.2
2011Summary only. Only limited summary data is available for this year.$5.06$0.59$4.47$9.90$8.63$1.27