Totals
- Total revenue
- $8,135,562
- Total expenses
- $7,489,512
- Contributions and grants received
- $7,997,919
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $137,643
- Other revenue
- $0
- Total assets, end of year
- $4,426,804
- Total liabilities, end of year
- $10,740
- Net assets or fund balances, end of year
- $4,416,064
- Program services expenses (Part IX)
- $7,110,624
- Management and general expenses
- $334,226
- Fundraising expenses
- $44,662
- Program service expenses (Part III)
- $7,110,624
Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$7,997,919
-
3 · Investment income
total $137,643 · excluded $137,643
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $446,616 · program services $290,300 · management and general $111,654 · fundraising $44,662
-
7 · Other salaries and wages
total $80,000 · management and general $80,000
-
8 · Pension plan contributions
total $16,000 · management and general $16,000
-
9 · Other employee benefits
total $9,093 · management and general $9,093
-
10 · Payroll taxes
total $24,157 · management and general $24,157
-
11b · Fees: legal
total $7,286 · management and general $7,286
-
11c · Fees: accounting
total $23,450 · management and general $23,450
-
11g · Fees: other
total $2,911,331 · program services $2,911,331
-
12 · Advertising and promotion
total $3,902,233 · program services $3,902,233
-
13 · Office expenses
total $8,408 · management and general $8,408
-
16 · Occupancy
total $33,600 · management and general $33,600
-
17 · Travel
total $6,760 · program services $6,760
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $20,549 · management and general $20,549
-
24b · Other expenses: SALES TAX
total $29 · management and general $29
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,256,220 · end of year $1,322,316
-
2 · Savings and temporary cash investments
beginning of year $2,503,666 · end of year $2,546,150
-
10a · Land, buildings and equipment: cost or other basis
$1,000
-
10b · Land, buildings and equipment: accumulated depreciation
$1,000
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
end of year $555,338
-
15 · Other assets
beginning of year $3,000 · end of year $3,000
-
17 · Accounts payable and accrued expenses
beginning of year $19,773 · end of year $10,740
-
27 · Net assets without donor restrictions
beginning of year $3,743,113 · end of year $4,416,064
Mission and programs · 2024
Mission
FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES OF AMERICA BY EDUCATING THE PUBLIC ABOUT FREE MARKET ECONOMIES AND RELATED PUBLIC POLICIES.
Activities or mission (Part I)
FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES OF AMERICA BY EDUCATING THE PUBLIC ABOUT FREE MARKET ECONOMIES AND RELATED POLICIES.
-
DIRECT CITIZEN ENGAGEMENT: RESEARCH AND CIVIC EDUCATION PROGRAMS FOCUSED ON FEDERAL POLICIES RELATED TO A STRONG FREE MARKET ECONOMY.
Expenses $3,697,525
-
COALITION BUILDING: THE ORGANIZATION HELPED TO BUILD A COALITION OF LIKE-MINDED ORGANIZATIONS AND INDIVIDUALS, WHICH WORKED TO EDUCATE THE PUBLIC ABOUT FREE MARKET ECONOMIES.
Expenses $3,413,099
As filed on the 2024 return.
Listed in Part VII
-
Phil G KerpenPHIL G KERPEN
DIRECTOR/PRESIDENT
- Total calculated
- $446,616
- From this org
- $343,900
- From related orgs
- $0
- Other
- $102,716
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $343,900
- Bonus
- $0
- Other
- $0
- Deferred
- $69,000
- Nontaxable benefits
- $33,716
- Filer's total
- $446,616
-
Mary Beth WeissMARY BETH WEISS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sean NobleSEAN NOBLE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349301649
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