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Nonprofiteer
← AMERICAN ECONOMIC LIBERTIES PROJECT

Form 990 for tax year 2023

Filed by AMERICAN ECONOMIC LIBERTIES PROJECT.

Totals

Total revenue
$3,923,681
Total expenses
$3,328,420
Contributions and grants received
$3,898,196
Grants paid
$0
Program service revenue
$16,784
Investment income
$0
Other revenue
$8,701
Total assets, end of year
$3,423,213
Total liabilities, end of year
$492,997
Net assets or fund balances, end of year
$2,930,216
Program services expenses (Part IX)
$2,885,983
Management and general expenses
$405,984
Fundraising expenses
$36,453
Program service expenses (Part III)
$2,885,983

Program services were 86.7% 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

    $3,898,196

  • 2a · Program service revenue: REGISTRATION FEES

    total $16,784 · related or exempt $16,784

  • 11a · Other revenue: CONTRACT REVENUE

    total $5,101 · excluded $5,101

  • 11d · All other revenue

    total $3,600 · excluded $3,600

  • 11e · Other revenue, total

    $8,701

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,852 · program services $117,145 · management and general $9,146 · fundraising $1,561

  • 7 · Other salaries and wages

    total $1,753,242 · program services $1,619,527 · management and general $112,135 · fundraising $21,580

  • 8 · Pension plan contributions

    total $59,459 · program services $54,479 · management and general $4,254 · fundraising $726

  • 9 · Other employee benefits

    total $225,750 · program services $206,844 · management and general $16,150 · fundraising $2,756

  • 10 · Payroll taxes

    total $152,233 · program services $139,484 · management and general $10,890 · fundraising $1,859

  • 11b · Fees: legal

    total $21,673 · management and general $21,673

  • 11c · Fees: accounting

    total $59,690 · management and general $59,690

  • 11g · Fees: other

    total $271,059 · program services $204,618 · management and general $60,799 · fundraising $5,642

  • 12 · Advertising and promotion

    total $196,881 · program services $163,758 · management and general $33,123

  • 13 · Office expenses

    total $5,560 · program services $1,807 · management and general $3,753

  • 14 · Information technology

    total $44,207 · program services $11,434 · management and general $31,590 · fundraising $1,183

  • 16 · Occupancy

    total $123,973 · program services $107,647 · management and general $15,189 · fundraising $1,137

  • 17 · Travel

    total $61,283 · program services $61,235 · management and general $48

  • 19 · Conferences, conventions and meetings

    total $192,282 · program services $192,223 · management and general $50 · fundraising $9

  • 22 · Depreciation, depletion and amortization

    total $1,678 · management and general $1,678

  • 23 · Insurance

    total $9,126 · management and general $9,126

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $17,022 · program services $5,731 · management and general $11,291

  • 24e · All other expenses

    total $5,450 · program services $51 · management and general $5,399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,176,108 · end of year $2,589,325

  • 3 · Pledges and grants receivable

    beginning of year $225,000 · end of year $525,000

  • 4 · Accounts receivable

    beginning of year $17,287 · end of year $8,357

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,129 · end of year $16,143

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

    $9,823

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

    $8,362

  • 10c · Land, buildings and equipment, net

    beginning of year $1,145 · end of year $1,461

  • 15 · Other assets

    beginning of year $401,263 · end of year $282,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,373 · end of year $171,421

  • 25 · Other liabilities

    beginning of year $414,604 · end of year $321,576

  • 27 · Net assets without donor restrictions

    beginning of year $1,667,719 · end of year $2,244,617

  • 28 · Net assets with donor restrictions

    beginning of year $667,236 · end of year $685,599

Mission and programs · 2023

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'S POLICY WORK CONTINUED TO FOCUS ON ISSUES LIKE ANTITRUST REFORM, JUNK FEES, DRUG PRICING AND SHORTAGES, NONCOMPETES, DIGITAL TRADE, LABOR AND INDUSTRIAL POLICY. AELP PRODUCED 50 REPORTS, POLICY BRIEFS, ACADEMIC PAPERS, POLICY DIGESTS, AND FACT SHEETS, SUBMITTED 10 COMMENTS TO VARIOUS AGENCIES, AND LED OR JOINED 45 LETTERS ON KEY POLICY FIGHTS,. AELP ALSO HOSTED 17 POLICY BRIEFINGS ON TOPICS SUCH AS DOJ'S TRIAL AGAINST GOOGLE, THE HARMS OF PHARMACY BENEFIT MANAGERS, AND HOW TO BAN JUNK FEES.TO SHAPE THE NARRATIVE AROUND ADDRESSING CORPORATE POWER BROADLY AND A NUMBER OF POLICY GOALS SPECIFICALLY, AELP'S PROLIFIC STRATEGIC COMMUNICATIONS OPERATION INCLUDED 78 ARTICLES AND OP-EDS, 823 EARNED PRINT MENTIONS AND 99 TV, RADIO AND PODCAST HITS, VIDEO PARTNERSHIPS WITH OTHER NONPROFITS THAT GENERATED 1.7 MILLION SOCIAL MEDIA VIEWS, SUPPORTED STAFF NEWSLETTERS WITH ALMOST 108,000 SUBSCRIBERS, AND MORE THAN 3.49 MILLION TWITTER IMPRESSIONS. AELP WORKS IN PARTNERSHIP WITH ALLIED ORGANIZATIONS ON POLICY PRIORITIES, ISSUE CAMPAIGNS, AND EVENTS.

    Expenses $2,885,983 · Revenue $16,784

As filed on the 2023 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 (THRU 3/23)

    Total calculated
    $48,685
    From this org
    $46,729
    From related orgs
    $0
    Other
    $1,956
    Hours/week
    40

  • Faiz Shakir

    INTERIM EXECUTIVE DIRECTOR (FROM 3/23)

    Total calculated
    $79,167
    From this org
    $79,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Nidhi Hegde

    MANAGING DIRECTOR

    Total calculated
    $174,700
    From this org
    $152,424
    From related orgs
    $0
    Other
    $22,276
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,864
    Bonus
    $560
    Other
    $0
    Deferred
    $4,554
    Nontaxable benefits
    $17,722
    Filer's total
    $174,700

  • Lori Wallach

    DIRECTOR, RETHINK TRADE

    Total calculated
    $165,352
    From this org
    $141,816
    From related orgs
    $0
    Other
    $23,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,267
    Bonus
    $549
    Other
    $0
    Deferred
    $5,641
    Nontaxable benefits
    $17,895
    Filer's total
    $165,352

  • Matthew Stoller

    DIRECTOR, RESEARCH

    Total calculated
    $155,947
    From this org
    $131,835
    From related orgs
    $0
    Other
    $24,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,294
    Bonus
    $541
    Other
    $0
    Deferred
    $5,248
    Nontaxable benefits
    $18,864
    Filer's total
    $155,947

  • Morgan Harper

    DIRECTOR, POLICY & ADVOCACY

    Total calculated
    $141,081
    From this org
    $127,446
    From related orgs
    $0
    Other
    $13,635
    Hours/week
    40

  • Katherine Van Dyck

    SENIOR LEGAL COUNSEL

    Total calculated
    $157,112
    From this org
    $119,677
    From related orgs
    $0
    Other
    $37,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,194
    Bonus
    $483
    Other
    $0
    Deferred
    $4,965
    Nontaxable benefits
    $32,470
    Filer's total
    $157,112

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
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202403129349304140

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