Form 990-EZ for tax year 2025
Filed by ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION.
Totals
- Total revenue
- $136,597
- Total expenses
- $201,060
- Contributions and grants received
- $136,511
- Grants paid
- not reported
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- $86
- Total assets, end of year
- $17,317
- Total liabilities, end of year
- $18,913
- Net assets or fund balances, end of year
- -$1,596
- Program service expenses (Part III)
- $113,477
Program services were 56.4% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2025
Primary exempt purpose
THE ACADEMY SUPPORTS SCHOLARLY RESEARCH AND TEACHING ABOUT THE AUTHORS AND IDEAS OF FREEMARKET, ENTREPRENEURSHIP, INDIVIDUAL RIGHTS, INDIVIDUAL RESPONSIBILITY, LIMITED GOVERNMENT, AND PEACE. THE ACADEMY IS A SUPPORTING ORGANIZATION THAT PROVIDES GRANTS FOR PROGRAMS, RESEARCH, AND ACTIVITIES AT THE UNIVERSITY OF ILLINOIS.
-
PROVIDING PHILANTHROPIC INVESTMENT IN PROGRAMS WHICH COMPORT WITH THE ACADEMY MISSION AND EXPRESSED DONOR INTENT AND THE TEACHING, RESEARCH AND SERVICE MISSIONS OF THE UNIVERSITY.
Expenses $113,477
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
Perry AlbinPERRY ALBIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Don AltorferDON ALTORFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lou FriedrichLOU FRIEDRICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John HeckerJOHN HECKER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Alexander McCobinALEXANDER MCCOBIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim VermetteJIM VERMETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William KlineWILLIAM KLINE
EXECUTIVE DIRECTOR
- Total calculated
- $43,750
- Compensation
- $43,750
- Benefit plans
- $0
- Expense account
- $0
- Hours/week
- 40
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2025
- Filed
- 20 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202642449349200429
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