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← INSTITUTE FOR HUMANE STUDIES

Form 990 for tax year 2022

Filed by INSTITUTE FOR HUMANE STUDIES.

Totals

Total revenue
$17,158,040
Total expenses
$18,258,109
Contributions and grants received
$15,884,481
Grants paid
$2,837,843
Program service revenue
$171,583
Investment income
$360,942
Other revenue
$741,034
Total assets, end of year
$25,514,779
Total liabilities, end of year
$9,090,521
Net assets or fund balances, end of year
$16,424,258
Program services expenses (Part IX)
$14,748,289
Management and general expenses
$1,564,840
Fundraising expenses
$1,944,980
Program service expenses (Part III)
$14,748,289

Program services were 80.8% 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

    $15,884,481

  • 1g · Noncash contributions included above

    $28,967

  • 2a · Program service revenue: Educational programs

    total $171,583 · related or exempt $171,583

  • 3 · Investment income

    total $399,686 · excluded $399,686

  • 6a · Gross rents

    real property $311,833

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $311,833

  • 6d · Net rental income or loss

    total $311,833 · excluded $311,833

  • 7a · Gross sales of assets other than inventory

    securities $482,500 · other assets $152

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

    securities $520,342 · other assets $1,054

  • 7c · Gain or loss

    securities -$37,842 · other assets -$902

  • 7d · Net gain or loss

    total -$38,744 · excluded -$38,744

  • 11a · Other revenue: ERC credit

    total $414,553 · excluded $414,553

  • 11b · Other revenue: Other income

    total $14,648 · excluded $14,648

  • 11e · Other revenue, total

    $429,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $768,609 · program services $768,609

  • 2 · Grants to domestic individuals

    total $1,706,659 · program services $1,706,659

  • 3 · Grants to foreign organizations and individuals

    total $362,575 · program services $362,575

  • 5 · Compensation of officers, directors and key employees

    total $968,910 · program services $193,782 · management and general $581,346 · fundraising $193,782

  • 7 · Other salaries and wages

    total $7,140,345 · program services $5,833,251 · management and general $449,783 · fundraising $857,311

  • 9 · Other employee benefits

    total $707,215 · program services $584,088 · management and general $35,401 · fundraising $87,726

  • 10 · Payroll taxes

    total $563,644 · program services $423,349 · management and general $64,092 · fundraising $76,203

  • 11b · Fees: legal

    total $22,066 · program services $10,383 · management and general $1,196 · fundraising $10,487

  • 11c · Fees: accounting

    total $19,139 · management and general $19,139

  • 11f · Fees: investment management

    total $8,498 · management and general $8,498

  • 11g · Fees: other

    total $1,592,546 · program services $1,365,308 · management and general $39,261 · fundraising $187,977

  • 12 · Advertising and promotion

    total $296,517 · program services $295,914 · management and general $284 · fundraising $319

  • 13 · Office expenses

    total $476,003 · program services $184,790 · management and general $26,655 · fundraising $264,558

  • 14 · Information technology

    total $582,678 · program services $421,730 · management and general $119,326 · fundraising $41,622

  • 16 · Occupancy

    total $1,243,066 · program services $998,809 · management and general $115,063 · fundraising $129,194

  • 17 · Travel

    total $881,900 · program services $776,386 · management and general $45,426 · fundraising $60,088

  • 19 · Conferences, conventions and meetings

    total $634,608 · program services $625,573 · management and general $6,133 · fundraising $2,902

  • 22 · Depreciation, depletion and amortization

    total $241,475 · program services $194,026 · management and general $22,352 · fundraising $25,097

  • 23 · Insurance

    total $30,533 · management and general $30,533

  • 24a · Other expenses: List rental

    total $7,319 · fundraising $7,319

  • 24b · Other expenses: Property taxes

    total $3,804 · program services $3,057 · management and general $352 · fundraising $395

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,537,405 · end of year $4,533,073

  • 2 · Savings and temporary cash investments

    beginning of year $11,527,313 · end of year $9,994,313

  • 3 · Pledges and grants receivable

    beginning of year $300,000 · end of year $714,553

  • 4 · Accounts receivable

    beginning of year $130,275 · end of year $60,337

  • 9 · Prepaid expenses and deferred charges

    beginning of year $863,217 · end of year $905,172

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

    $1,537,506

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

    $1,010,838

  • 10c · Land, buildings and equipment, net

    beginning of year $423,873 · end of year $526,668

  • 11 · Investments: publicly traded securities

    beginning of year $1,393,588 · end of year $1,254,941

  • 15 · Other assets

    beginning of year $45,798 · end of year $7,525,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $507,773 · end of year $733,515

  • 25 · Other liabilities

    beginning of year $1,049,603 · end of year $8,357,006

  • 27 · Net assets without donor restrictions

    beginning of year $15,812,206 · end of year $15,032,156

  • 28 · Net assets with donor restrictions

    beginning of year $1,851,887 · end of year $1,392,102

Mission and programs · 2022

Mission

The Institute discovers, develops, and supports students, scholars, and other intellectuals who maintain the highest standard of academic excellence and who share an interest in the principles of the classical liberal tradition.

  • Amplifying Research through Focus Areas: With a community of 5,000+ university-based scholars spanning a variety of fields and hundreds of institutions, IHS is supporting and connecting the brightest minds who are developing and advancing the ideas that support thriving and free societies in which all people have the opportunity to flourish. IHS will concentrate its activities and investments from 2022 to 2026 across seven focus areas by convening scholars through online and in-person programs and workshops and funding innovative research that advances our understanding of, and solutions to, complex social, economic, and collective action problems.

    Expenses $8,147,453 · Grants $1,870,607 · Revenue $47,583

  • Academic Talent-Development Programs: The Institute's academic talent-development programs work to develop talented graduate students who are interested in careers in academia. It accomplishes this through fellowships, grants, career development workshops, academic research seminars, and networking at academic conferences.

    Expenses $3,857,197 · Grants $906,110 · Revenue $124,000

  • Scaling the IHS Digital Community: The Institute's digital platform and suite of resources empowers scholars and research communities in the IHS network with the knowledge and tools they need to grow their impact. This includes tailored recommendations for connection to scholars and researchers well beyond their own communities, along with tools to pursue those connections, including user-driven outreach, collaboration tools, programs, and funding to support collaboration.

    Expenses $1,483,245 · Grants $61,126

  • Public Affairs: The public affairs program seeks to inform alumni, faculty, and supporters about the efforts of the Institute and support the development of a network of faculty, supporters, and nonprofit allies who share an interest in classical liberal ideas.

    Expenses $1,260,394

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Humphreys

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Tyler Cowen

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • James Arthur Pope

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Beaulier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Rufer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christopher Coyne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Todd Zywicki

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Hooks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ryan Stowers

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Virgil Storr

    Director

    Total calculated
    $0
    Hours/week
    40

  • Emily Chamlee-Wright

    President and CEO

    Total calculated
    $514,701
    From this org
    $485,450
    From related orgs
    $0
    Other
    $29,251
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,450
    Bonus
    $160,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,251
    Filer's total
    $514,701

  • Gary Leff

    Chief Financial Officer & Treasurer

    Total calculated
    $103,966
    From this org
    $93,500
    From related orgs
    $0
    Other
    $10,466
    Hours/week
    10

  • Courtney Derr

    Chief Operating Officer

    Total calculated
    $298,453
    From this org
    $269,950
    From related orgs
    $0
    Other
    $28,503
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,950
    Bonus
    $75,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,503
    Filer's total
    $298,453

  • Kyle Hartz

    Managing Dir. of Info and Community St

    Total calculated
    $255,418
    From this org
    $231,716
    From related orgs
    $0
    Other
    $23,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,716
    Bonus
    $75,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,702
    Filer's total
    $255,418

  • Christopher Grozev

    Director of Major and Planned Giving

    Total calculated
    $218,378
    From this org
    $192,275
    From related orgs
    $0
    Other
    $26,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,775
    Bonus
    $35,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,103
    Filer's total
    $218,378

  • Sarah Straw

    Chief of Programs and Operations

    Total calculated
    $190,792
    From this org
    $167,091
    From related orgs
    $0
    Other
    $23,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,091
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,701
    Filer's total
    $190,792

  • Shane Courtland

    Managing Director Academic Relations

    Total calculated
    $185,376
    From this org
    $159,875
    From related orgs
    $0
    Other
    $25,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,875
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,501
    Filer's total
    $185,376

  • Amanda Brand

    Managing Director Human Resources

    Total calculated
    $150,759
    From this org
    $143,408
    From related orgs
    $0
    Other
    $7,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,408
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,351
    Filer's total
    $150,759

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
23 February 2024
IRS schema version
2022v5.0
Source object
202440579349300704

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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