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← AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH

Form 990 for tax year 2023

Filed by AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH.

Totals

Total revenue
$67,952,475
Total expenses
$71,020,416
Contributions and grants received
$59,215,174
Grants paid
$843,900
Program service revenue
$1,582,868
Investment income
$6,963,897
Other revenue
$190,536
Total assets, end of year
$353,111,569
Total liabilities, end of year
$5,091,249
Net assets or fund balances, end of year
$348,020,320
Program services expenses (Part IX)
$54,682,937
Management and general expenses
$10,403,899
Fundraising expenses
$5,933,580
Program service expenses (Part III)
$54,682,937

Program services were 77.0% 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

    $59,215,174

  • 1g · Noncash contributions included above

    $754,348

  • 2a · Program service revenue: CONFERENCES & EVENTS

    total $1,328,364 · related or exempt $1,328,364

  • 2b · Program service revenue: DINING ROOM REVENUE

    total $135,388 · related or exempt $135,388

  • 2c · Program service revenue: PUBLICATION ROYALTIES

    total $84,369 · excluded $84,369

  • 2d · Program service revenue: RESEARCH PUB/MATERIALS

    total $34,747 · related or exempt $34,747

  • 3 · Investment income

    total $2,736,731 · excluded $2,736,731

  • 7a · Gross sales of assets other than inventory

    securities $41,105,747

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

    securities $36,878,581

  • 7c · Gain or loss

    securities $4,227,166

  • 7d · Net gain or loss

    total $4,227,166 · excluded $4,227,166

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $190,536 · excluded $190,536

  • 11e · Other revenue, total

    $190,536

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $160,000 · program services $160,000

  • 2 · Grants to domestic individuals

    total $626,900 · program services $626,900

  • 3 · Grants to foreign organizations and individuals

    total $57,000 · program services $57,000

  • 5 · Compensation of officers, directors and key employees

    total $4,439,091 · program services $2,799,289 · management and general $1,351,920 · fundraising $287,882

  • 7 · Other salaries and wages

    total $29,545,292 · program services $21,498,613 · management and general $5,835,740 · fundraising $2,210,939

  • 8 · Pension plan contributions

    total $2,486,409 · management and general $2,486,409

  • 9 · Other employee benefits

    total $2,856,896 · management and general $2,856,896

  • 10 · Payroll taxes

    total $2,304,863 · management and general $2,304,863

  • 11b · Fees: legal

    total $225,529 · management and general $225,529

  • 11c · Fees: accounting

    total $86,872 · management and general $86,872

  • 11e · Fees: professional fundraising services

    total $45,000 · fundraising $45,000

  • 11f · Fees: investment management

    total $503,176 · management and general $503,176

  • 11g · Fees: other

    total $2,048,708 · program services $909,977 · management and general $1,075,777 · fundraising $62,954

  • 13 · Office expenses

    total $539,877 · program services $154,603 · management and general $366,820 · fundraising $18,454

  • 14 · Information technology

    total $2,627,885 · program services $1,141,208 · management and general $1,432,113 · fundraising $54,564

  • 16 · Occupancy

    total $4,110,162 · management and general $4,110,162

  • 17 · Travel

    total $1,506,413 · program services $941,940 · management and general $81,166 · fundraising $483,307

  • 19 · Conferences, conventions and meetings

    total $8,187,469 · program services $7,094,933 · management and general -$255,139 · fundraising $1,347,675

  • 22 · Depreciation, depletion and amortization

    total $3,159,600 · program services $137,945 · management and general $3,021,655

  • 23 · Insurance

    total $238,313 · management and general $238,313

  • 24a · Other expenses: RESEARCH AND PUBLICATIO

    total $2,795,914 · program services $2,744,607 · management and general $34,381 · fundraising $16,926

  • 24b · Other expenses: SCHOLAR FEES

    total $2,469,048 · program services $2,469,048

  • 24c · Other expenses: PROGRAM SUPPORT ALLOCAT

    total -$1 · program services $13,946,874 · management and general -$15,352,754 · fundraising $1,405,879

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,803,221 · end of year $7,035,184

  • 3 · Pledges and grants receivable

    beginning of year $9,222,118 · end of year $4,730,875

  • 4 · Accounts receivable

    beginning of year $74,665 · end of year $44,293

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,056,796 · end of year $1,314,236

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

    $154,273,334

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

    $49,562,850

  • 10c · Land, buildings and equipment, net

    beginning of year $2,915,397 · end of year $104,710,484

  • 11 · Investments: publicly traded securities

    beginning of year $95,061,853 · end of year $115,159,528

  • 12 · Investments: other securities

    beginning of year $229,958,529 · end of year $119,061,365

  • 15 · Other assets

    beginning of year $1,334,536 · end of year $1,055,604

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,372,612 · end of year $4,037,512

  • 25 · Other liabilities

    beginning of year $3,065,998 · end of year $1,053,737

  • 27 · Net assets without donor restrictions

    beginning of year $288,419,760 · end of year $292,744,599

  • 28 · Net assets with donor restrictions

    beginning of year $52,568,745 · end of year $55,275,721

Mission and programs · 2023

Mission

THE AMERICAN ENTERPRISE INSTITUTE IS A COMMUNITY OF SCHOLARS AND SUPPORTERS COMMITTED TO EXPANDING LIBERTY, INCREASING INDIVIDUAL OPPORTUNITY, AND STRENGTHENING FREE ENTERPRISE. AEI PURSUES THESE IDEALS THROUGH INDEPENDENT THINKING AND THE HIGHEST STANDARDS OF RESEARCH AND EXPOSITION.

  • DOMESTIC POLICY STUDIES: AEI'S DOMESTIC POLICY STUDIES SCHOLARS EXPLORE A BROAD RANGE OF TOPICS INCLUDING K-12 AND HIGHER EDUCATION REFORM, CITIZENSHIP, ETHICS, JUDICIARY ISSUES, EXECUTIVE AND LEGISLATIVE POLITICS, POLLS AND ELECTIONS, FEDERALISM, POVERTY, CIVIL RIGHTS, CRIME, AND OTHER PUBLIC POLICY ISSUES. AEI'S SCHOLARS ARE THOUGHT LEADERS IN THEIR FIELDS AND CONVENE CONFERENCES, IN-PERSON AND ONLINE EVENTS, AND PUBLIC AND PRIVATE SEMINARS. IN ADDITION TO ITS MANY EVENTS AND SEMINARS, AEI PROMOTES ITS RESEARCH AND IDEAS THROUGH PRINT AND DIGITAL PUBLICATIONS, BLOG POSTS AND SOCIAL MEDIA, CONFERENCES, AND WORKING GROUPS.

    Expenses $13,783,857 · Grants $843,900 · Revenue $1,463,752

  • FOREIGN AND DEFENSE POLICY STUDIES: AEI'S FOREIGN AND DEFENSE POLICY STUDIES SCHOLARS SEEK TO UNDERSTAND HOW AMERICAN INTERESTS AND POLITICAL AND ECONOMIC FREEDOM CAN BE PROTECTED AND ADVANCED AROUND THE WORLD. THE PROGRAM'S RESEARCH AREAS INCLUDE U.S. NATIONAL SECURITY AND DEFENSE, TERRORISM, INTERNATIONAL SOVEREIGNTY, AND U.S. POLICY IN THE MIDDLE EAST, ASIA, RUSSIA, AND NUMEROUS OTHER AREAS. AEI'S SCHOLARS FOCUS ON CURRENT POLICY ISSUES AS WELL AS THOSE FURTHER OVER THE HORIZON. IN THE PROCESS, THEY EDUCATE POLICYMAKERS, BUSINESS LEADERS, ACADEMICS, JOURNALISTS, STUDENTS, AND ALL INTERESTED CITIZENS ON OUR NATION'S MOST CRITICAL POLICY ISSUES.

    Expenses $12,047,776 · Revenue $34,747

  • SOCIAL, CULTURAL, AND CONSTITUTIONAL STUDIES: AEI'S SOCIAL CULTURAL AND CONSTITUTIONAL STUDIES SCHOLARS EXPLORE ISSUES RELATED TO THREE RESEARCH AREAS: 1.) LEGAL AND CONSTITUTIONAL TOPICS 2. POLITICS AND PUBLIC OPINION, AND 3. SOCIETY AND CULTURE. TOPICS STUDIED BY LEGAL AND CONSTITUTIONAL SCHOLARS INCLUDE CONGRESS, THE US PRESIDENCY, THE COURTS (INCLUDING THE SUPREME COURT OF THE UNITED STATES), THE ADMINISTRATIVE STATE, AND THE US CONSTITUTION. POLITICS AND PUBLIC OPINION SCHOLARS FOCUS ON POLLING, ELECTIONS, AND POLITICAL THEORY. SOCIETY AND CULTURE SCHOLARS STUDY AND COMMENT ON LIBERAL EDUCATION (SPECIFICALLY, THE HUMANITIES, HIGHER EDUCATION, AND CLASSICAL EDUCATION), CIVIL INSTITUTIONS, THE MEDIA, AMERICAN HISTORY, AND RELIGION.

    Expenses $9,097,989

  • Expenses $19,753,315

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Behdad Eghbali

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Bob Murley

    BD OF TRUSTEES - AS OF 3/2024

    Total calculated
    $0
    Hours/week
    1

  • Christopher B Galvin

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Clifford S Asness

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Daniel A D'Aniello

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Deepa Javeri

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Edward B Rust Jr

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Frank J Hanna

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey S Rehnert

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Harlan Crow

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Harvey Golub

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Joanna F Jonsson

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • John A Luke Jr

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • John K Hurley

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Kevin B Rollins

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Kimberly O Dennis

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Marc S Lipschultz

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Martin C Eltrich III

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Matthew K Rose

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Pat Neal

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Peter H Coors

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Ravenel B Curry III

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Richard Devos

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Robert Doar

    PRESIDENT

    Total calculated
    $1,123,965
    From this org
    $1,052,158
    From related orgs
    $0
    Other
    $71,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $648,858
    Bonus
    $325,000
    Other
    $78,300
    Deferred
    $39,600
    Nontaxable benefits
    $32,207
    Filer's total
    $1,123,965

  • Robert Greenhill

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Ross Perot Jr

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • The Honorable Richard B Cheney

    BD OF TRUSTEES - UNTIL 3/24

    Total calculated
    $0
    Hours/week
    1

  • Tully M Friedman

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Will Weatherford

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • William H Walton

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Wilson H Taylor

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Jason W Bertsch

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $527,425
    From this org
    $460,768
    From related orgs
    $0
    Other
    $66,657
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $436,068
    Bonus
    $10,000
    Other
    $14,700
    Deferred
    $39,600
    Nontaxable benefits
    $27,057
    Filer's total
    $527,425

  • Kazuki Ko - Vice President

    CHIEF FINANCIAL OFFICER

    Total calculated
    $263,371
    From this org
    $223,725
    From related orgs
    $0
    Other
    $39,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,725
    Bonus
    $0
    Other
    $0
    Deferred
    $27,550
    Nontaxable benefits
    $12,096
    Filer's total
    $263,371

  • John Cusey - Senior Vice

    PRESIDENT, EXTERNAL RELATIONS

    Total calculated
    $329,826
    From this org
    $265,835
    From related orgs
    $0
    Other
    $63,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,835
    Bonus
    $15,000
    Other
    $0
    Deferred
    $32,817
    Nontaxable benefits
    $31,174
    Filer's total
    $329,826

  • Kori Schake

    DIRECTOR, FDP

    Total calculated
    $407,669
    From this org
    $358,140
    From related orgs
    $0
    Other
    $49,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $328,720
    Bonus
    $26,000
    Other
    $3,420
    Deferred
    $39,600
    Nontaxable benefits
    $9,929
    Filer's total
    $407,669

  • Matthew Continetti

    DIRECTOR, DOMESTIC POLICY

    Total calculated
    $295,263
    From this org
    $239,205
    From related orgs
    $0
    Other
    $56,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,705
    Bonus
    $500
    Other
    $0
    Deferred
    $29,449
    Nontaxable benefits
    $26,609
    Filer's total
    $295,263

  • Michael R Strain

    DIRECTOR, ECONOMIC POLICY

    Total calculated
    $404,716
    From this org
    $328,909
    From related orgs
    $0
    Other
    $75,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,671
    Bonus
    $19,000
    Other
    $1,238
    Deferred
    $39,600
    Nontaxable benefits
    $36,207
    Filer's total
    $404,716

  • Ryan Streeter - Director

    DOMESTIC POLICY - TO 8/23

    Total calculated
    $228,892
    From this org
    $187,672
    From related orgs
    $0
    Other
    $41,220
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,172
    Bonus
    $9,500
    Other
    $0
    Deferred
    $22,800
    Nontaxable benefits
    $18,420
    Filer's total
    $228,892

  • Suzanne B Gershowitz - Senior Vice

    PRESIDENT & CHIEF OPERATING OFFICER

    Total calculated
    $396,575
    From this org
    $326,379
    From related orgs
    $0
    Other
    $70,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,819
    Bonus
    $15,000
    Other
    $560
    Deferred
    $39,600
    Nontaxable benefits
    $30,596
    Filer's total
    $396,575

  • Yuval Levin

    DIRECTOR, SCCS

    Total calculated
    $441,373
    From this org
    $375,116
    From related orgs
    $0
    Other
    $66,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,976
    Bonus
    $24,500
    Other
    $5,640
    Deferred
    $39,600
    Nontaxable benefits
    $26,657
    Filer's total
    $441,373

  • Adam White

    SENIOR FELLOW

    Total calculated
    $330,434
    From this org
    $270,508
    From related orgs
    $0
    Other
    $59,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,008
    Bonus
    $6,500
    Other
    $0
    Deferred
    $32,880
    Nontaxable benefits
    $27,046
    Filer's total
    $330,434

  • Danielle Pletka

    DISTINGUISHED SENIOR FELLOW

    Total calculated
    $303,876
    From this org
    $270,610
    From related orgs
    $0
    Other
    $33,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,610
    Bonus
    $8,000
    Other
    $0
    Deferred
    $32,620
    Nontaxable benefits
    $646
    Filer's total
    $303,876

  • Frederick Hess - Senior

    FELLOW & DIRECTOR, EDUCATION

    Total calculated
    $292,516
    From this org
    $247,154
    From related orgs
    $0
    Other
    $45,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,654
    Bonus
    $5,500
    Other
    $0
    Deferred
    $30,397
    Nontaxable benefits
    $14,965
    Filer's total
    $292,516

  • James Pethokoukis

    SENIOR FELLOW

    Total calculated
    $308,010
    From this org
    $250,508
    From related orgs
    $0
    Other
    $57,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,508
    Bonus
    $0
    Other
    $0
    Deferred
    $30,480
    Nontaxable benefits
    $27,022
    Filer's total
    $308,010

  • Nicholas Eberstadt

    SENIOR FELLOW

    Total calculated
    $382,069
    From this org
    $319,408
    From related orgs
    $0
    Other
    $62,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,258
    Bonus
    $11,150
    Other
    $0
    Deferred
    $35,631
    Nontaxable benefits
    $27,030
    Filer's total
    $382,069

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 1A
TRAVEL FOR COMPANIONS: BOARD MEMBERS AND STAFF ARE PERMITTED TO BRING SPOUSES TO THE ANNUAL OFF-SITE MEETINGS, WORLD FORUM AND THE BOARD RETREAT. THESE AMOUNTS ARE NOT REPORTED AS TAXABLE COMPENSATION TO THE BOARD MEMBERS AND STAFF.
PART I, LINE 4B
ROBERT DOAR, 457(F) PLAN: $55,800 CONTRIBUTED DURING CALENDAR YEAR 2023 JASON BERTSCH, 457(F) PLAN: $0 CONTRIBUTED DURING CALENDAR YEAR 2023
PART I, LINE 7
INDIVIDUALS MAY RECEIVE NON-FIXED DISCRETIONARY BONUSES THROUGHOUT THE YEAR AT THE DISCRETION OF THE PRESIDENT. THE PRESIDENT MAY ALSO RECEIVE NON-FIXED DISCRETIONARY BONUSES THROUGHOUT THE YEAR AT THE DISCRETION OF THE BOARD OF TRUSTEES.

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

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.

  • AEI 1785 MASSACHUSETTS AVENUE PROPERTY OWNER LLC

    COMMERCIAL REAL ESTATE · DC

    Directly controlled by AMERICAN ENTERPRISE INSITUTE FOR PUBLIC POLICY RESEARCH

Related corporations and trusts

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

  • AEI 1789 MASSACHUSETTS PROPERTY OWNER LLC

    C · REAL ESTATE INVESTMENT · DE · 100% owned · share of income $1,934 · controlled entity

    Directly controlled by AMERICAN ENTERPRISE INSITUTE FOR PUBLIC POLICY RESEARCH

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2025
IRS schema version
2023v6.0
Source object
202540779349300224

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