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← INSTITUTE FOR LAW AND ECONOMIC POLICY INC

Form 990 for tax year 2023

Filed by INSTITUTE FOR LAW AND ECONOMIC POLICY INC.

Totals

Total revenue
$242,888
Total expenses
$230,788
Contributions and grants received
$240,153
Grants paid
$0
Program service revenue
$0
Investment income
$2,735
Other revenue
$0
Total assets, end of year
$337,737
Total liabilities, end of year
$20,500
Net assets or fund balances, end of year
$317,237
Program services expenses (Part IX)
$216,084
Management and general expenses
$14,704
Fundraising expenses
$0
Program service expenses (Part III)
$216,084

Program services were 93.6% 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

    $240,153

  • 3 · Investment income

    total $2,735 · excluded $2,735

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $10,500 · management and general $10,500

  • 11g · Fees: other

    total $220,288 · program services $216,084 · management and general $4,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,315 · end of year $334,737

  • 4 · Accounts receivable

    end of year $3,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $103,322

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,500 · end of year $20,500

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $305,137 · end of year $317,237

Mission and programs · 2023

Mission

THE INSTITUTE FOR LAW AND ECONOMIC POLICY IS A PUBLIC POLICY RESEARCH AND EDUCATIONAL FOUNDATION ESTABLISHED TO PRESERVE STUDY AND ENHANCE ACCESS TO THE CIVIL JUSTICE SYSTEM BY ALL CONSUMERS AND INVESTORS.

Activities or mission (Part I)

PUBLIC POLICY RESEARCH AND EDUCATIONAL FOUNDATION

  • PRESENTATION OF VIEWS, OPINIONS & TOPICS IN AN OPEN FORUM WHERE SPEAKERS WHO ARE EXPERTS IN THEIR FIELDS ARE ABLE TO EXPRESS THEIR SUBJECT MATTER.

    Expenses $216,084

As filed on the 2023 return.

Listed in Part VII

  • Marc I Gross

    FORMER PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Edward Labaton

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Laura Stein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • Laura Posner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349307739

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