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← PROJECT LIBERTY INSTITUTE

Form 990 for tax year 2024

Filed by PROJECT LIBERTY INSTITUTE.

Totals

Total revenue
$26,552,436
Total expenses
$6,068,091
Contributions and grants received
$10,928,013
Grants paid
$285,000
Program service revenue
$0
Investment income
-$196
Other revenue
$15,624,619
Total assets, end of year
$7,474,351
Total liabilities, end of year
$26,205,107
Net assets or fund balances, end of year
-$18,730,756
Program services expenses (Part IX)
$3,106,023
Management and general expenses
$2,875,150
Fundraising expenses
$86,918
Program service expenses (Part III)
$3,106,023

Program services were 51.2% 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

    $10,928,013

  • 7b · Less cost or other basis and sales expenses

    other assets $196

  • 7c · Gain or loss

    other assets -$196

  • 7d · Net gain or loss

    total -$196 · excluded -$196

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $15,623,345 · excluded $15,623,345

  • 11b · Other revenue: OTHER REVENUE

    total $1,274 · excluded $1,274

  • 11e · Other revenue, total

    $15,624,619

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $215,000 · program services $215,000

  • 2 · Grants to domestic individuals

    total $70,000 · program services $70,000

  • 7 · Other salaries and wages

    total $1,632,355 · program services $1,342,698 · management and general $290,239 · fundraising -$582

  • 8 · Pension plan contributions

    total $30,512 · program services $22,166 · management and general $8,346

  • 9 · Other employee benefits

    total $153,589 · program services $111,575 · management and general $42,014

  • 10 · Payroll taxes

    total $87,264 · program services $62,821 · management and general $24,443

  • 11b · Fees: legal

    total $50,392 · management and general $50,392

  • 11c · Fees: accounting

    total $172,218 · management and general $172,218

  • 11g · Fees: other

    total $1,075,830 · program services $887,567 · management and general $103,756 · fundraising $84,507

  • 12 · Advertising and promotion

    total $9,448 · program services $9,448

  • 13 · Office expenses

    total $8,541 · program services $2,467 · management and general $6,074

  • 14 · Information technology

    total $118,850 · program services $43,361 · management and general $72,496 · fundraising $2,993

  • 16 · Occupancy

    total $53,491 · management and general $53,491

  • 17 · Travel

    total $184,516 · program services $177,994 · management and general $6,522

  • 19 · Conferences, conventions and meetings

    total $124,057 · program services $122,051 · management and general $2,006

  • 22 · Depreciation, depletion and amortization

    total $11,702 · management and general $11,702

  • 23 · Insurance

    total $4,470 · management and general $4,470

  • 24a · Other expenses: GRANT LIAB. DISCOUNTS

    total $2,005,048 · management and general $2,005,048

  • 24b · Other expenses: PAYROLL PROCESSING FEES

    total $51,253 · program services $37,233 · management and general $14,020

  • 24c · Other expenses: FOREIGN CURRENCY EXCH.

    total $4,573 · management and general $4,573

  • 24d · Other expenses: OTHER BUSINESS EXPENSES

    total $2,028 · management and general $2,028

  • 24e · All other expenses

    total $2,954 · program services $1,642 · management and general $1,312

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $373,168 · end of year $430,399

  • 4 · Accounts receivable

    beginning of year $500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,176 · end of year $88,923

  • 10a · Land, buildings and equipment: cost or other basis

    $35,107

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,909

  • 10c · Land, buildings and equipment, net

    beginning of year $21,900 · end of year $10,198

  • 15 · Other assets

    beginning of year $5,246,681 · end of year $6,944,831

  • 17 · Accounts payable and accrued expenses

    beginning of year $200,744 · end of year $379,746

  • 18 · Grants payable

    beginning of year $42,022,949 · end of year $21,387,998

  • 25 · Other liabilities

    beginning of year $3,237,363 · end of year $4,437,363

  • 27 · Net assets without donor restrictions

    beginning of year -$39,220,131 · end of year -$18,730,756

Mission and programs · 2024

Mission

TO CREATE A NEW CIVIC ARCHITECTURE FOR THE DIGITAL WORLD THAT RETURNS THE OWNERSHIP AND CONTROL OF PERSONAL DATA TO INDIVIDUALS, EMBEDS ETHICAL VALUES INTO TECHNOLOGY, AND EXPANDS ECONOMIC OPPORTUNITIES FOR WEB USERS AND DEVELOPERS ALIKE.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • PROJECT LIBERTY INSTITUTE CONDUCTS AND PROVIDES FUNDING FOR RESEARCH AND TECHNOLOGY PROJECTS THAT FURTHER THE EDUCATION OF THE PUBLIC AND THE SCIENTIFIC COMMUNITY'S UNDERSTANDING OF THE IMPACT OF TECHNOLOGY ON SOCIETY, INCLUDING AN ENHANCED UNDERSTANDING OF, AND ADVANCEMENT OF, DATA PRIVACY, ONLINE RELATIONSHIPS, AND NEW DIGITAL GOVERNANCE AND DIGITAL SHARED ECONOMIC MODELS.

    Expenses $1,828,018 · Grants $260,000

  • PROJECT LIBERTY INSTITUTE ORGANIZES AND PARTICIPATES IN REGULAR EVENTS, CONVENINGS AND EDUCATIONAL CAMPAIGNS OF TECHNOLOGISTS, ETHICISTS, LEGAL EXPERTS, ENTREPRENEURS, SOCIAL INNOVATORS AND OTHER EXPERTS IN THE UNITED STATES, UNITED KINGDOM, FRANCE, AND ELSEWHERE TO FOSTER DIALOGUE AND DEVELOP COMPREHENSIVE RECOMMENDATIONS TO EXPLORE AND ADVANCE BETTER MODELS OF DIGITAL ECOSYSTEMS.PROJECT LIBERTY INSTITUTE CEASED OPERATIONS IN THE UK WITH THE TERMINATION OF ALL UK-BASED STAFF ON JANUARY 15, 2024. THEREAFTER, PLI CLOSED THE UK OFFICE AND WORKED TO DISSOLVE THE COMPANY. PL UK SERVICES LIMITED WAS OFFICIALLY DISSOLVED ON MAY 25, 2025.

    Expenses $1,278,005 · Grants $25,000

As filed on the 2024 return.

Listed in Part VII

  • Frank McCourt

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Maria Cancian

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.05
  • Alberto Beeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Joseph Riley

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Tomicah Tillemann

    PRESIDENT & CEO (SEE SCH O)

    Total calculated
    $0
    Hours/week
    15
  • Kila Englebrook - Head Of

    OPS/OFCR (FROM 4/24) (SEE SCH O)

    Total calculated
    $61,744
    From this org
    $53,609
    From related orgs
    $0
    Other
    $8,135
    Hours/week
    10 + 2 related
  • James Bell

    HEAD OF STRATEGIC INSIGHTS

    Total calculated
    $413,821
    From this org
    $346,115
    From related orgs
    $0
    Other
    $67,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,115
    Bonus
    $58,000
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $57,356
    Filer's total
    $413,821
  • Erik Suhonen - Head

    OF ECOSYSTEM GROWTH (UNTIL 9/24)

    Total calculated
    $294,910
    From this org
    $257,270
    From related orgs
    $0
    Other
    $37,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,437
    Bonus
    $0
    Other
    $50,833
    Deferred
    $6,356
    Nontaxable benefits
    $31,284
    Filer's total
    $294,910
  • Jessica Theodule

    RESEARCH MANAGER OF STRAT. INSIGHTS

    Total calculated
    $182,980
    From this org
    $136,674
    From related orgs
    $0
    Other
    $46,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,674
    Bonus
    $20,000
    Other
    $0
    Deferred
    $3,104
    Nontaxable benefits
    $43,202
    Filer's total
    $182,980
  • Sara Wekselblatt

    FINANCE & HR SENIOR MANAGER

    Total calculated
    $165,600
    From this org
    $134,511
    From related orgs
    $0
    Other
    $31,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,311
    Bonus
    $19,200
    Other
    $0
    Deferred
    $3,281
    Nontaxable benefits
    $27,808
    Filer's total
    $165,600

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 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
ERIK SUHONEN RECEIVED SEVERANCE OF $50,833 DURING 2024.
PART I, LINE 7
ALL BONUSES ARE MERIT BASED. SEE PART II FOR BONUSES.

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

  • SUPPORTS ADVANCED NETWORK ARCHITECTURE GROUP'S RESEARCH TO DEVELOP A BETTER UNDERSTANDING OF HOW INTERNET APPLICATIONS WITH DSNP CONTROL CAN BE VIABLE IN A MARKETPLACE DOMINATED BY LARGE ACTORS THAT HOLD CENTRALIZED CONTROL OVER THEIR SYSTEMS.

  • SUPPORTS THE DEVELOPMENT OF THE PROSOCIAL RANKING CHALLENGE, WHICH IS THE FIRST LARGE-SCALE, CROSS-PLATFORM, ECOLOGICALLY VALID EXPERIMENT TO TEST BRIDGING-BASED RANKING ALGORITHMS TO IDENTIFY THE BEST ALGORITHMS TO IMPROVE SOCIAL COHESION ON SOCIAL MEDIA.

  • LAUNCH ACTIVITIES RELATED TO THE ON-CHAIN TOOL INSTANTIATING THE PARTIAL COMMON OWNERSHIP (PCO) OF ART, DATA, AND OTHER INTELLECTUAL PROPERTY, AS DETAILED BY THE GRANTEE IN THE ENCLOSED PROPOSAL.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • DSNP ORG LLC

    STEWARD THE DECENTRALIZED SOCIAL NETWORKING PROTOCOL ("DSNP") · DE · income $0 · assets $0

    Directly controlled by PROJECT LIBERTY INSTITUTE

  • MCCOURT INSTITUTE LLC

    ENSURE FUTURE PRIORITIZATION OF DIGITAL GOVERNANCE OVER THE · DE · income $18,800,000 · assets $0

    Directly controlled by PROJECT LIBERTY INSTITUTE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PROJECT LIBERTY UK SERVICES LIMITED

    C · PROVIDES ORGANIZATIONAL DEVELOPMENT SERVICES · UK · 100% owned · share of income $8,688 · share of assets $12,455 · controlled entity

    Directly controlled by PROJECT LIBERTY INSTITUTE

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503169349301980

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