Civic Intelligence

Atlas Economic Research Foundation

EIN 94-2763845 • 501(c)3 • Arlington, VA

Profile

To strengthen the worldwide freedom

4075 Wilson Blvd 310Arlington, VA 22203

atlasnetwork.org

Siviq Scores

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

Liabilities / Assets

37th percentile

0.11x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.10x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

26th percentile

-3.3%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$455,481

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

15th percentile

-5.0%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-16%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$22,409,490

Down $1,175,446 (-5.0%) from 2023

Liabilities

Down

$2,455,304

Down $626,977 (-20%) from 2023

Net Assets

Down

$19,954,186

Down $548,469 (-2.7%) from 2023

Revenue

Down

$24,269,887

Down $4,514,294 (-16%) from 2023

Expenses

Up

$25,072,695

Up $2,964,837 (+13%) from 2023

Net Income

Down

-$802,808

Down $7,479,131 (-112%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $3,338,042Liabilities 2011: $307,220Net Assets 2011: $3,030,8222011Assets 2012: $3,940,368Liabilities 2012: $289,037Net Assets 2012: $3,651,3312012Assets 2013: $6,978,357Liabilities 2013: $196,839Net Assets 2013: $6,781,5182013Assets 2014: $6,197,531Liabilities 2014: $184,859Net Assets 2014: $6,012,6722014Assets 2015: $6,357,430Liabilities 2015: $103,115Net Assets 2015: $6,254,3152015Assets 2016: $8,395,709Liabilities 2016: $373,839Net Assets 2016: $8,021,8702016Assets 2017: $7,482,522Liabilities 2017: $1,238,205Net Assets 2017: $6,244,3172017Assets 2018: $11,741,307Liabilities 2018: $1,818,692Net Assets 2018: $9,922,6152018Assets 2019: $12,465,221Liabilities 2019: $1,197,501Net Assets 2019: $11,267,7202019Assets 2020: $15,450,264Liabilities 2020: $1,600,299Net Assets 2020: $13,849,9652020Assets 2021: $17,184,038Liabilities 2021: $2,196,736Net Assets 2021: $14,987,3022021Assets 2022: $16,820,562Liabilities 2022: $3,240,362Net Assets 2022: $13,580,2002022Assets 2023: $23,584,936Liabilities 2023: $3,082,281Net Assets 2023: $20,502,6552023Assets 2024: $22,409,490Liabilities 2024: $2,455,304Net Assets 2024: $19,954,1862024

Highlighted filing

2024

Assets$22,409,490
Liabilities$2,455,304
Net Assets$19,954,186

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $9,262,773Expenses 2011: $8,167,015Net Income 2011: $1,095,7582011Revenue 2012: $8,651,314Expenses 2012: $8,153,489Net Income 2012: $497,8252012Revenue 2013: $11,596,955Expenses 2013: $8,627,157Net Income 2013: $2,969,7982013Revenue 2014: $9,586,213Expenses 2014: $10,283,691Net Income 2014: -$697,4782014Revenue 2015: $11,464,436Expenses 2015: $11,098,132Net Income 2015: $366,3042015Revenue 2016: $15,345,684Expenses 2016: $13,578,129Net Income 2016: $1,767,5552016Revenue 2017: $10,131,064Expenses 2017: $11,899,692Net Income 2017: -$1,768,6282017Revenue 2018: $15,518,568Expenses 2018: $11,838,430Net Income 2018: $3,680,1382018Revenue 2019: $15,289,731Expenses 2019: $13,950,454Net Income 2019: $1,339,2772019Revenue 2020: $15,258,191Expenses 2020: $12,696,102Net Income 2020: $2,562,0892020Revenue 2021: $18,310,244Expenses 2021: $17,102,572Net Income 2021: $1,207,6722021Revenue 2022: $19,446,645Expenses 2022: $20,862,400Net Income 2022: -$1,415,7552022Revenue 2023: $28,784,181Expenses 2023: $22,107,858Net Income 2023: $6,676,3232023Revenue 2024: $24,269,887Expenses 2024: $25,072,695Net Income 2024: -$802,8082024

Highlighted filing

2024

Revenue$24,269,887
Expenses$25,072,695
Net Income-$802,808

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.4$2.46$20.0$24.3$25.1$0.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.6$3.08$20.5$28.8$22.1$6.68
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$3.24$13.6$19.4$20.9$1.42
2021Detailed filing. Detailed filing data is available for this year.$17.2$2.20$15.0$18.3$17.1$1.21
2020Detailed filing. Detailed filing data is available for this year.$15.5$1.60$13.8$15.3$12.7$2.56
2019Detailed filing. Detailed filing data is available for this year.$12.5$1.20$11.3$15.3$14.0$1.34
2018Detailed filing. Detailed filing data is available for this year.$11.7$1.82$9.92$15.5$11.8$3.68
2017Detailed filing. Detailed filing data is available for this year.$7.48$1.24$6.24$10.1$11.9$1.77
2016Detailed filing. Detailed filing data is available for this year.$8.40$0.37$8.02$15.3$13.6$1.77
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.36$0.10$6.25$11.5$11.1$0.37
2014Detailed filing. Detailed filing data is available for this year.$6.20$0.18$6.01$9.59$10.3$0.70
2013Summary only. Only limited summary data is available for this year.$6.98$0.20$6.78$11.6$8.63$2.97
2012Summary only. Only limited summary data is available for this year.$3.94$0.29$3.65$8.65$8.15$0.50
2011Summary only. Only limited summary data is available for this year.$3.34$0.31$3.03$9.26$8.17$1.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$42,278,249
Mission and Program Overview

Mission

To strengthen the worldwide freedom

See Sch O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$17,460,144$13,658,670▼ $3,801,474
Pledges and Grants Receivable$2,289,495$3,960,573▲ $1,671,078
Cash and Non-Interest-Bearing Accounts$1,319,350$2,103,820▲ $784,470
Prepaid Expenses and Deferred Charges$322,766$922,031▲ $599,265
Land, Buildings, and Equipment, Net$388,810$304,128▼ $84,682
Intangible Assets$215,942$175,166▼ $40,776
Accounts Receivable$13,432$22,394▲ $8,962
Investments in Publicly Traded Securities$11,709$2,823▼ $8,886
Total Assets$23,584,936$22,409,490▼ $1,175,446
Other Assets Total$1,563,288$1,259,885▼ $303,403
Liabilities
Other Liabilities$2,083,731$1,686,102▼ $397,629
Accounts Payable and Accrued Expenses$386,946$537,630▲ $150,684
Grants Payable$611,604$223,572▼ $388,032
Deferred Revenue-$8,000-
Total Liabilities$3,082,281$2,455,304▼ $626,977
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,347,243$13,211,529▼ $2,135,714
Net Assets With Donor Restrictions$5,155,412$6,742,657▲ $1,587,245
Total Net Assets Fund Balance$20,502,655$19,954,186▼ $548,469
Total Liabilities and Net Assets / Fund Balance$23,584,936$22,409,490▼ $1,175,446

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$268,276$457,122$725,398
Equipment$35,852$189,475$225,327
Other Assets Org$1,227,789--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bradley A LipsCEOFT$405,964$49,517$455,481
Matt C WarnerPresidentFT$323,335$37,307$360,642
Thomas G PalmerExecutive VPFT$309,394$9,180$318,574
Lyall J SwimChief Innovation OfficerFT$230,796$38,858$269,654
Katherine PriceChief Operations OfficerFT$203,862$37,222$241,084
Patty HohlbeinVP of Atlas Network AcademFT$166,294$19,709$186,003
Sherry RomelloVP of EventsFT$155,785$17,818$173,603
Kameron GriffinDirector of DevelopmentFT$149,529$22,136$171,665
Steven GreenCreative DirectorFT$128,828$35,831$164,659
Casey PiferVP of Institute RelationsFT$141,818$20,746$162,564

Board Members and Trustees

NameTitle
Montgomery BrownChairman (as of Nov'24)
Debbi GibbsChairwoman
Lawson BaderVice Chair (as of Nov'24)
Scott BarbeeVice Chair and Treasurer
Gerry OhrstromBoard Member
Jean-Claude GruffatBoard Member
Jerzy CzubakBoard Member
John KramerBoard Member
Kathy WashburnBoard Member
Laura Ann SpencerBoard Member
Linda EdwardsBoard Member
Parth ShahBoard Member
Rich GreenbergBoard Member
Robert BoydBoard Member
Thomas BeachBoard Member
Dan GrossmanTreasurer (as of Nov'24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Thorberg Collectorate IncAdvisory141 NE 13th Street Suite 100, Oklahoma City, OK 73104$134,000
Revenue and Support

Revenue Composition

Contributions and Grants
$23,338,719
Program Service Revenue
$358,873
Investment Income
$528,664
Other Revenue
$43,631
All Other Contributions
$23,338,719
Change in Net Assets
$-802,808

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 Traded12$163,271Fair Market Value (FMV)
Total Noncash Contributions12$163,271-

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,269,887
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$484,222
Total Revenue per Audited Statements
$24,754,109
Total Revenue per Form 990
$24,269,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,176,556
Other Expenses$7,851,777
Salaries, Compensation, and Employee Benefits$6,044,362
Total Fundraising Expense$1,819,636
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$9,121,484--$9,121,484
Other Salaries and Wages$2,442,881$394,040$652,909$3,489,830
Conferences and Meetings$3,243,312$20,329$181,926$3,445,567
Grants to Domestic Orgs$2,041,538--$2,041,538
Fees for Services Other$1,471,526$103,435$70,934$1,645,895
Current Officers, Directors, Trustees, and Key Employees$1,151,804$185,788$307,843$1,645,435
Advertising$593,693$25,641$202,305$821,639
Travel$660,633$4,141$37,057$701,831
Other Employee Benefits$340,008$54,844$90,874$485,726
Information Technology$269,488$40,331$93,486$403,305
Payroll Taxes$238,154$38,415$63,651$340,220
Occupancy$294,166$12,291$22,612$329,069
Office Expenses$167,228$20,018$48,194$235,440
Depreciation Depletion$121,763$5,004$9,205$135,972
Pension Plan Contributions$58,206$9,389$15,556$83,151
Fees for Services Legal$30,511$2,145$1,471$34,127
Fees for Services Accounting-$32,094-$32,094
Insurance$13,754$7,548$1,379$22,681
Grants to Domestic Individuals$13,534--$13,534
Other Expenses$133$9$6$148
All Other Expenses$52$1$12$65
Total Functional Expenses$22,294,489$958,570$1,819,636$25,072,695

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$25,302,578
Expenses per Audited Statements$25,072,695
Total Expenses per Form 990$25,072,695
Expenses Not Reported on Form 990$229,883
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beacon Center of TennesseeNashville, TN501c3Economic Education$124,450
Archbridge InstituteWashington, DC501c3Economic Education$115,000
Ladies of Liberty AllianceWashington, DC501c3Economic Education$105,000
Commonwealth FoundationHarrisburg, PA501c3Economic Education$82,000
Illinois Policy InstituteChicago, IL501c3Economic Education$80,150
American Conservation Coalition CampusAppleton, WI501c3Economic Education$75,000
Students for LibertyMcLean, VA501c3Economic Education$68,396
Libertas InstituteLehi, UT501c3Economic Education$60,726
Centro para Renovacion Economica Crecimiento y ExcelenciaSan Juan, PR501c3Economic Education$60,175
Grassroot Institute of Hawaii - United StatesHonolulu, HI501c3Economic Education$60,000
Property and Environment Research CenterBozeman, MT501c3Economic Education$60,000
Pacific Legal FoundationSacramento, CA501c3Economic Education$57,497
Mackinac Center for Public PolicyMidland, MI501c3Economic Education$52,000
Cardinal Institute for West VirginiaCharleston, WV501c3Economic Education$50,382
Foundation for Economic EducationAtlanta, GA501c3Economic Education$50,200
Georgia Center for OpportunityPeachtree Corners, GA501c3Economic Education$50,000
Pelican Institute for Public PolicyNew Orleans, LA501c3Economic Education$50,000
Ideas Beyond BordersNew York, NY501c3Economic Education$49,899
John Locke FoundationRaleigh, NC501c3Economic Education$45,000
Economic Fundamentals InitiativeNeward, NJ501c3Economic Education$43,175
Sutherland InstituteSalt Lake City, UT501c3Economic Education$40,000
Charter Cities Institute (CCI) - United StatesWashington, DC501c3Economic Education$37,500
Cosmos Institute (CI) - United StatesAustin, TX501c3Economic Education$35,000
Hardwired Global - United StatesNorth Chesterfield, VA501c3Economic Education$35,000
Thomas Jefferson Institute for Public Policy - United StatesSpringfield, VA501c3Economic Education$35,000
Yorktown Foundation for Public PolicySalem, VA501c3Economic Education$33,223
Badger InstituteMilwaukee, WI501c3Economic Education$30,000
C3 Solutions - United StatesFalls Church, VA501c3Economic Education$30,000
Goldwater InstitutePhoenix, AZ501c3Economic Education$30,000
Buckeye InstituteColumbus, OH501c3Economic Education$25,000
Georgia Public Policy FoundationAtlanta, GA501c3Economic Education$25,000
Human Rights FoundationNew York, NY501c3Economic Education$25,000
New England Legal Foundation (NELF) - United StatesBoston, MA501c3Economic Education$25,000
Pioneer InstituteBoston, MA501c3Economic Education$25,000
Tax Foundation - United StatesWashington, DC501c3Economic Education$25,000
The Future of Free Speech (FoFS) - United StatesNashville, TN501c3Economic Education$25,000
Khama Institute - United StatesLos Angeles, CA501c3Economic Education$20,000
Platte InstituteOmaha, NE501c3Economic Education$20,000
New Intellectuals Network (NIN) - United StatesLopez, PA501c3Economic Education$15,000
Free the PeopleWashington, DC501c3Economic Education$10,050
Caribbean Progress Studies Institute (CPSI) - United StatesHuntington Beach, CA501c3Economic Education$10,000
Competitive Enterprise InstituteRockville, MD501c3Economic Education$6,234

International Summary

Offices
0
Employees
0
Spending
$9,121,484

International Compliance

Foreign grant records maintained
No
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
South AmericaGrants to recipients located in region-00$2,050,559
Europe (Including Iceland & Greenland)Grants to recipients located in region-00$1,826,994
Central America and the CaribbeanGrants to recipients located in region-00$1,557,274
Sub-Saharan AfricaGrants to recipients located in region-00$912,034
Russia and Neighboring StatesGrants to recipients located in region-00$839,521
South AsiaGrants to recipients located in region-00$604,421
Middle East and North AfricaGrants to recipients located in region-00$572,399
East Asia and the PacificGrants to recipients located in region-00$420,860
North America - Canada and MexicoGrants to recipients located in region-00$337,422
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
Lease liabilities - operating leases$1,686,102
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 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
Yes
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

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

A draft of the Federal form 990 is reviewed by the Finance Committee. After reviewing the 990, the Finance Committee provides a draft copy to the full Board for review. After addressing any questions from the full Board, the Finance Committee approves the 990 for filing with the IRS.

Form 990, Part VI, Section B, line 12C

Officers, directors, and key employees are required annually to sign statements disclosing conflicts of interest.

Form 990, Part VI, Section B, line 15A

Atlas has a Compensation Committee that is composed of independent persons. Decisions of the committee are based on comparative analysis of compensation levels and trends at peer non-profit institutions. The committee decides and approves compensation of the CEO. This was last done in January 2024.

Form 990, Part VI, Section C, line 19

Atlas posts its forms 990 and audited financial statements on its website. It does not make its governing documents or conflict of interest policy available to the public.

Filing and Contact Details

Filer

Filer Name
Atlas Economic Research Foundation
EIN
94-2763845
Phone
2024498449
Address
4075 Wilson Blvd 310, Arlington, VA 22203
Doing Business As
Atlas Network

Signing Officer

Name
Bradley A Lips
Title
CEO
Phone
2024498449
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley A Lips
Formed
1981
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
65
Volunteers
0

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Jie Chen CPA
Phone
7038930300
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of Organization Mission:

Atlas Network increases global prosperity by strengthening a network of independent partner organizations that promote individual freedom and are committed to identifying and removing barriers to human flourishing.

Form 990, Part III, line 2

The Organization undertook a new program Atlas Network Partner Consulting.

Financial Statement Notes

Part X, Line 2:

Management has evaluated the Organization's tax positions and concluded that the financial statements do not include any uncertain tax positions.

Raw XML AppendixShowing 400 of 2,271 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0386946
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0537630
IRS990/AccountsReceivableGrp/BOYAmt013432
IRS990/AccountsReceivableGrp/EOYAmt022394
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0See Sch O.
IRS990/AdvertisingGrp/FundraisingAmt0202305
IRS990/AdvertisingGrp/ManagementAndGeneralAmt025641
IRS990/AdvertisingGrp/ProgramServicesAmt0593693
IRS990/AdvertisingGrp/TotalAmt0821639
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IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/BooksInCareOfDetail/PersonNm0Bradley A Lips
IRS990/BooksInCareOfDetail/PhoneNum02024498449
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04075 Wilson Blvd 310
IRS990/BooksInCareOfDetail/USAddress/CityNm0Arlington
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022203
IRS990/BusinessRlnWith35CtrlEntInd00
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01645435
IRS990/CompensationFromOtherSrcsInd00
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IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt0181926
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Thorberg Collectorate Inc
IRS990/ContractorCompensationGrp/ServicesDesc0Advisory
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt023338719
IRS990/CYGrantsAndSimilarPaidAmt011176556
IRS990/CYInvestmentIncomeAmt0528664
IRS990/CYOtherExpensesAmt07851777
IRS990/CYOtherRevenueAmt043631
IRS990/CYProgramServiceRevenueAmt0358873
IRS990/CYRevenuesLessExpensesAmt0-802808
IRS990/CYSalariesCompEmpBnftPaidAmt06044362
IRS990/CYTotalExpensesAmt025072695
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt024269887
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IRS990/DeferredRevenueGrp/EOYAmt08000
IRS990/DelegationOfMgmtDutiesInd00
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt0121763
IRS990/DepreciationDepletionGrp/TotalAmt0135972
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IRS990/DescribedInSection501c3Ind01
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IRS990/DonorAdvisedFundInd00
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IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt065
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt015757693
IRS990/FamilyOrBusinessRlnInd00
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