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Nonprofiteer
← AMERICAN ECONOMIC LIBERTIES PROJECT

Form 990 for tax year 2022

Filed by AMERICAN ECONOMIC LIBERTIES PROJECT.

Totals

Total revenue
$2,751,173
Total expenses
$2,876,046
Contributions and grants received
$2,742,749
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$8,424
Total assets, end of year
$2,844,932
Total liabilities, end of year
$509,977
Net assets or fund balances, end of year
$2,334,955
Program services expenses (Part IX)
$2,472,187
Management and general expenses
$357,753
Fundraising expenses
$46,106
Program service expenses (Part III)
$2,472,187

Program services were 86.0% 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

    $2,742,749

  • 11d · All other revenue

    total $8,424 · excluded $8,424

  • 11e · Other revenue, total

    $8,424

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $178,105 · program services $164,388 · management and general $11,753 · fundraising $1,964

  • 7 · Other salaries and wages

    total $1,424,912 · program services $1,321,733 · management and general $87,384 · fundraising $15,795

  • 8 · Pension plan contributions

    total $36,034 · program services $33,259 · management and general $2,378 · fundraising $397

  • 9 · Other employee benefits

    total $215,039 · program services $198,477 · management and general $14,190 · fundraising $2,372

  • 10 · Payroll taxes

    total $131,245 · program services $121,136 · management and general $8,661 · fundraising $1,448

  • 11b · Fees: legal

    total $14,241 · management and general $14,241

  • 11c · Fees: accounting

    total $62,463 · management and general $62,463

  • 11e · Fees: professional fundraising services

    total $17,500 · fundraising $17,500

  • 11g · Fees: other

    total $238,686 · program services $211,252 · management and general $24,179 · fundraising $3,255

  • 12 · Advertising and promotion

    total $238,403 · program services $202,804 · management and general $35,599

  • 13 · Office expenses

    total $24,880 · program services $4,968 · management and general $19,912

  • 14 · Information technology

    total $60,421 · program services $21,444 · management and general $36,510 · fundraising $2,467

  • 16 · Occupancy

    total $82,057 · program services $73,051 · management and general $8,395 · fundraising $611

  • 17 · Travel

    total $72,357 · program services $63,686 · management and general $8,671

  • 19 · Conferences, conventions and meetings

    total $26,909 · program services $24,836 · management and general $1,776 · fundraising $297

  • 22 · Depreciation, depletion and amortization

    total $2,580 · management and general $2,580

  • 23 · Insurance

    total $5,681 · management and general $5,681

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $41,397 · program services $30,846 · management and general $10,551

  • 24e · All other expenses

    total $3,136 · program services $307 · management and general $2,829

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,834,077 · end of year $2,176,108

  • 3 · Pledges and grants receivable

    beginning of year $644,768 · end of year $225,000

  • 4 · Accounts receivable

    beginning of year $11,468 · end of year $17,287

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,693 · end of year $24,129

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

    $7,829

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

    $6,684

  • 10c · Land, buildings and equipment, net

    beginning of year $3,725 · end of year $1,145

  • 15 · Other assets

    beginning of year $14,625 · end of year $401,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,528 · end of year $95,373

  • 25 · Other liabilities

    beginning of year $0 · end of year $414,604

  • 27 · Net assets without donor restrictions

    beginning of year $1,212,943 · end of year $1,667,719

  • 28 · Net assets with donor restrictions

    beginning of year $1,246,885 · end of year $667,236

Mission and programs · 2022

Mission

THE AMERICAN ECONOMIC LIBERTIES PROJECT'S EDUCATIONAL AND CHARITABLE PURPOSES ARE TO RESEARCH ECONOMIC CONCENTRATION IN AMERICA, AND STUDY THE HISTORY OF COMPETITION POLICY, FROM THE FOUNDING UNTIL TODAY.

Activities or mission (Part I)

TO RESEARCH ECONOMIC CONCENTRATION IN AMERICA, AND STUDY THE HISTORY OF COMPETITION POLICY, FROM THE FOUNDING UNTIL TODAY.

  • TO SUPPORT ITS EDUCATIONAL AND CHARITABLE PURPOSES, AELP PRODUCED 23 REPORTS AND POLICY BRIEFS, 7 COMMENTS TO THE FEDERAL TRADE COMMISSION, CONSUMER FINANCIAL PROTECTION BUREAU, AND STATE ATTORNEY GENERALS; FILED 1 AMICUS BRIEF; AND LAUNCHED AND LED MULTIPLE POLICY CAMPAIGNS ON KEY ISSUES. TO SHAPE THE NARRATIVE AROUND ADDRESSING CORPORATE POWER BROADLY AND A NUMBER OF POLICY GOALS SPECIFICALLY, AELP PUBLISHED 37 ARTICLES AND OP-EDS, EARNED 535 PRINT MENTIONS AND 87 TV AND RADIO HITS, ESTABLISHED PARTNERSHIPS WITH ALLIED ORGANIZATIONS TO PRODUCE VIDEOS WITH NEARLY 7 MILLION SOCIAL MEDIA VIEWS, SUPPORTED STAFF NEWSLETTERS WITH NEARLY 70,000 SUBSCRIBERS, AND EARNED 125 MILLION TWITTER IMPRESSIONS. SIGNATURE AELP COALITIONS INCLUDE: BAN SECRET DEALS, WHICH CALLED ON LEGISLATURES TO REQUIRE TRANSPARENCY IN CORPORATE TAX SUBSIDY SCHEMES IN 4 STATES; BREAK UP TICKETMASTER, WHICH DROVE 50,000 EMAILS INTO THE DOJ, WHICH LATER ANNOUNCED AN ANTITRUST INVESTIGATION, AND A COMMENT DRIVE FOR THE FTC AND DOJ'S EFFORT TO REWRITE MERGER GUIDELINES THAT GENERATED 6,000 SUBMISSIONS.

    Expenses $2,472,187

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

Listed in Part VII

  • Ross Baird

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Laura Campos

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Brandi Collins-Dexter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laleh Ispahani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Miller

    EXECUTIVE DIRECTOR

    Total calculated
    $178,106
    From this org
    $163,809
    From related orgs
    $0
    Other
    $14,297
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,809
    Bonus
    $0
    Other
    $0
    Deferred
    $13,100
    Nontaxable benefits
    $1,197
    Filer's total
    $178,106

  • Matthew Stoller

    DIRECTOR OF RESEARCH

    Total calculated
    $167,757
    From this org
    $139,226
    From related orgs
    $0
    Other
    $28,531
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,226
    Bonus
    $0
    Other
    $0
    Deferred
    $11,617
    Nontaxable benefits
    $16,914
    Filer's total
    $167,757

  • Patrick M Garofalo

    DIRECTOR OF STATE AND LOCAL POLICY

    Total calculated
    $154,705
    From this org
    $111,059
    From related orgs
    $0
    Other
    $43,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,059
    Bonus
    $0
    Other
    $0
    Deferred
    $11,700
    Nontaxable benefits
    $31,946
    Filer's total
    $154,705

  • Nidhi Hegde

    DIRECTOR OF STRATEGY & PROGRAMS

    Total calculated
    $176,112
    From this org
    $144,143
    From related orgs
    $0
    Other
    $31,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,143
    Bonus
    $0
    Other
    $0
    Deferred
    $8,477
    Nontaxable benefits
    $23,492
    Filer's total
    $176,112

  • Lori Wallach From 012022

    DIRECTOR, RETHIINK TRADE

    Total calculated
    $168,076
    From this org
    $142,059
    From related orgs
    $0
    Other
    $26,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,059
    Bonus
    $0
    Other
    $0
    Deferred
    $11,182
    Nontaxable benefits
    $14,835
    Filer's total
    $168,076

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 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OR COMMITTEE SHALL: (I) RECUSE AND EXCLUDE ANY PERSONS WHO RECEIVE DIRECTLY OR INDIRECTLY A SUBSTANTIAL PORTION OF THEIR INCOME FROM THE CORPORATION; (II) RELY ON APPROPRIATE COMPARATIVE DATA, INCLUDING COMPARABLE AGREEMENTS IN SIMILAR ORGANIZATIONS; COMPENSATION LEVELS FOR SIMILAR POSITIONS IN BOTH EXEMPT AND TAXABLE ORGANIZATIONS; AND REGIONAL ECONOMIC DATA; (III) DOCUMENT THE BASES UPON WHICH THE BOARD (OR COMMITTEE) RELIES FOR ITS COMPENSATION DETERMINATIONS; AND (IV) RECORD THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE COMPENSATION AND TALLIES OF ANY VOTES TAKEN DURING CONSIDERATION OF THE COMPENSATION.

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
18 April 2023
IRS schema version
2022v5.0
Source object
202341149349300979

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