Totals
- Total revenue
- $13,904,104
- Total expenses
- $13,670,315
- Contributions and grants received
- $3,420,911
- Grants paid
- $0
- Program service revenue
- $10,841,883
- Investment income
- -$358,690
- Other revenue
- $0
- Total assets, end of year
- $5,187,688
- Total liabilities, end of year
- $259,574
- Net assets or fund balances, end of year
- $4,928,114
- Program services expenses (Part IX)
- $11,574,681
- Management and general expenses
- $677,226
- Fundraising expenses
- $1,418,408
- Program service expenses (Part III)
- $11,574,681
Program services were 84.7% 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
$3,420,911
-
1g · Noncash contributions included above
$7,470
-
2a · Program service revenue: Education Material Sales
total $10,841,883 · related or exempt $10,841,883
-
3 · Investment income
total -$358,690 · related or exempt -$358,690
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $285,333 · program services $175,760 · management and general $46,960 · fundraising $62,613
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,095,120 · program services $1,474,498 · fundraising $620,622
-
8 · Pension plan contributions
total $39,521 · management and general $39,521
-
9 · Other employee benefits
total $24,389 · management and general $24,389
-
10 · Payroll taxes
total $178,354 · program services $125,454 · management and general $17,532 · fundraising $35,368
-
11a · Fees: management
total $10,267 · management and general $10,267
-
11b · Fees: legal
total $36,940 · program services $36,940
-
11c · Fees: accounting
total $16,826 · management and general $16,826
-
11d · Fees: lobbying
total $25,000 · program services $25,000
-
11e · Fees: professional fundraising services
total $454,018 · fundraising $454,018
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $506,028 · program services $480,728 · fundraising $25,300
-
12 · Advertising and promotion
total $5,294,541 · program services $5,098,541 · fundraising $196,000
-
13 · Office expenses
total $204,351 · program services $10,000 · management and general $194,351
-
14 · Information technology
total $206,583 · program services $206,583
-
15 · Royalties
total $541,094 · program services $541,094
-
16 · Occupancy
total $200,147 · management and general $200,147
-
17 · Travel
total $135,791 · program services $108,060 · management and general $11,885 · fundraising $15,846
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $131,072 · program services $61,785 · management and general $69,287
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $258,763 · program services $258,763
-
22 · Depreciation, depletion and amortization
total $5,542 · management and general $5,542
-
23 · Insurance
total $35,798 · management and general $35,798
-
24a · Other expenses: Postage and Shipping
total $1,531,562 · program services $1,531,562
-
24b · Other expenses: Merchant Fees
total $884,914 · program services $880,193 · management and general $4,721
-
24c · Other expenses: Printing and Publications
total $421,252 · program services $412,611 · fundraising $8,641
-
24d · Other expenses: Grants Awarded
total $112,500 · program services $112,500
-
24e · All other expenses
total $34,609 · program services $34,609
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,747,605 · end of year $1,516,514
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $1,294,235
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$36,910
-
10b · Land, buildings and equipment: accumulated depreciation
$9,726
-
10c · Land, buildings and equipment, net
beginning of year $23,506 · end of year $27,184
-
11 · Investments: publicly traded securities
beginning of year $753,040 · end of year $320,625
-
12 · Investments: other securities
beginning of year $200,750 · end of year $630,746
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $113 · end of year $1,398,384
-
17 · Accounts payable and accrued expenses
beginning of year $30,689 · end of year $259,574
-
27 · Net assets without donor restrictions
beginning of year $4,694,325 · end of year $4,928,114
Mission and programs · 2022
Mission
Libertas Institute is a public policy and education organization focused on free markets and individual rights. We generate non-partisan analysis and commentary, conduct investigative research, and publish educational literature to inform the public about our ideas.
-
Libertas Institute printed a variety of educational materials to help elected officials, the media, and the public understand our perspective on pressing policy issues and current events. We conducted several research projects on public policy and met with stakeholders to propose reforms to state law. In addition, we distributed over one million books and published dozens of op-eds and articles to generate interest in individual liberty.
Expenses $11,574,681
As filed on the 2022 return.
Listed in Part VII
-
Connor Boyack
Trustee/Pres.
- Total calculated
- $168,500
- From this org
- $168,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,500
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $168,500
-
Michael Melendez
Exec. Vice Pres
- Total calculated
- $116,833
- From this org
- $116,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John Pestana
Board Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Andrea Golding
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Jeffrey Harmon
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Patrick Donohoe
Trustee
- Total calculated
- $0
- Hours/week
- 0
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
None.
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
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341359349309099
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