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← LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC

Form 990 for tax year 2023

Filed by LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 6 March 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$8,505,782
Total expenses
$6,182,411
Contributions and grants received
$6,558,895
Grants paid
$87,180
Program service revenue
$165,369
Investment income
$1,431,471
Other revenue
$350,047
Total assets, end of year
$54,656,851
Total liabilities, end of year
$526,654
Net assets or fund balances, end of year
$54,130,197
Program services expenses (Part IX)
$5,051,407
Management and general expenses
$535,940
Fundraising expenses
$595,064
Program service expenses (Part III)
$5,051,407

Program services were 81.7% 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

    $6,558,895

  • 1g · Noncash contributions included above

    $261,678

  • 2a · Program service revenue: CONFERENCE AND SEMINAR FEES

    total $134,048 · related or exempt $134,048

  • 2b · Program service revenue: MASTERS PROGRAM

    total $31,321 · related or exempt $31,321

  • 3 · Investment income

    total $850,525 · excluded $850,525

  • 6a · Gross rents

    real property $103,150

  • 6b · Less rental expenses

    real property $56,597

  • 6c · Rental income or loss

    real property $46,553

  • 6d · Net rental income or loss

    total $46,553 · excluded $46,553

  • 7a · Gross sales of assets other than inventory

    securities $584,706

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

    securities $0 · other assets $3,760

  • 7c · Gain or loss

    securities $584,706 · other assets -$3,760

  • 7d · Net gain or loss

    total $580,946 · excluded $580,946

  • 10a · Gross sales of inventory

    $337,422

  • 10b · Cost of goods sold

    $79,616

  • 10c · Net income from sales of inventory

    total $257,806 · related or exempt $257,806

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $45,688 · excluded $45,688

  • 11e · Other revenue, total

    $45,688

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $87,180 · program services $87,180

  • 5 · Compensation of officers, directors and key employees

    total $522,115 · program services $522,115

  • 7 · Other salaries and wages

    total $2,070,066 · program services $1,422,020 · management and general $311,062 · fundraising $336,984

  • 9 · Other employee benefits

    total $181,847 · program services $136,385 · management and general $21,822 · fundraising $23,640

  • 10 · Payroll taxes

    total $193,705 · program services $145,278 · management and general $23,245 · fundraising $25,182

  • 11b · Fees: legal

    total $119,271 · management and general $119,271

  • 11g · Fees: other

    total $45,365 · program services $35,753 · management and general $9,612

  • 14 · Information technology

    total $258,660 · program services $256,230 · management and general $973 · fundraising $1,457

  • 16 · Occupancy

    total $84,511 · program services $82,673 · management and general $735 · fundraising $1,103

  • 17 · Travel

    total $123,968 · program services $123,968

  • 19 · Conferences, conventions and meetings

    total $663,908 · program services $663,908

  • 20 · Interest

    total $8,000 · management and general $8,000

  • 22 · Depreciation, depletion and amortization

    total $255,200 · program services $249,652 · management and general $2,219 · fundraising $3,329

  • 23 · Insurance

    total $94,097 · program services $58,209 · management and general $28,850 · fundraising $7,038

  • 24a · Other expenses: PUBLICATIONS

    total $658,752 · program services $658,752

  • 24b · Other expenses: GRADUATE PROGRAM EXPENS

    total $208,038 · program services $208,038

  • 24c · Other expenses: REPARIS AND MAINTENANCE

    total $138,965 · program services $135,944 · management and general $1,209 · fundraising $1,812

  • 24d · Other expenses: DEVELOPMENT

    total $137,022 · fundraising $137,022

  • 24e · All other expenses

    total $331,741 · program services $265,302 · management and general $8,942 · fundraising $57,497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,355,326 · end of year $8,238,386

  • 2 · Savings and temporary cash investments

    beginning of year $15,574,643 · end of year $14,000,000

  • 3 · Pledges and grants receivable

    beginning of year $3,245,049 · end of year $3,244,475

  • 8 · Inventories for sale or use

    beginning of year $165,046 · end of year $298,354

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,139 · end of year $70,168

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

    $8,951,554

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

    $4,440,005

  • 10c · Land, buildings and equipment, net

    beginning of year $3,931,534 · end of year $4,511,549

  • 11 · Investments: publicly traded securities

    beginning of year $12,372,299 · end of year $14,332,173

  • 13 · Investments: program-related

    beginning of year $9,435,755 · end of year $9,951,234

  • 15 · Other assets

    beginning of year $359,156 · end of year $10,512

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,571 · end of year $249,688

  • 19 · Deferred revenue

    beginning of year $155,389 · end of year $152,381

  • 23 · Secured mortgages and notes payable

    beginning of year $100,000 · end of year $100,000

  • 25 · Other liabilities

    beginning of year $23,027 · end of year $24,585

  • 27 · Net assets without donor restrictions

    beginning of year $47,728,415 · end of year $51,689,184

  • 28 · Net assets with donor restrictions

    beginning of year $2,390,545 · end of year $2,441,013

Mission and programs · 2023

Mission

TO PROMOTE THE ECONOMIC THEORIES OF LUDWIG VON MISES, HIS PREDECESSORS AND HIS SUCCESSORS, THROUGH TEACHING PROGRAMS, RESEARCH, FELLOWSHIPS AND SCHOLARLY PUBLICATIONS.

  • ADVANCEMENT OF ECONOMIC SCIENCE THROUGH PUBLICATIONS AND TEACHING PROGRAMS FOR STUDENTS, SCHOLARS AND OTHERS INTERESTED IN ECONOMIC EDUCATION.

    Expenses $3,024,298 · Revenue $257,806

  • TEACHING CONFERENCES, SEMINARS & COLLOQUIA

    Expenses $1,572,505 · Revenue $134,048

  • STUDENT FELLOWSHIP AND RESEARCH GRANTS. SUPPORT OF STUDENTS, FACULTY & POST-DOCTORAL FELLOWS IN ECONOMICS.

    Expenses $454,604 · Grants $87,180 · Revenue $31,321

As filed on the 2023 return.

Listed in Part VII

  • LLEWELLYN H ROCKWELL JR

    CHAIRMAN

    Total calculated
    $205,772
    From this org
    $200,070
    From related orgs
    $0
    Other
    $5,702
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $200,070
    Bonus
    $0
    Other
    $0
    Deferred
    $2,280
    Nontaxable benefits
    $3,422
    Filer's total
    $205,772

  • JOHN V DENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RON PAUL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOSEPH SALERNO

    DIRECTOR

    Total calculated
    $116,403
    From this org
    $115,006
    From related orgs
    $0
    Other
    $1,397
    Hours/week
    40

  • YOUSEF ALMOAYYED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DEBORAH AYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PATRICIA BARNETT

    DIRECTOR

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • STEVE BERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KAREN DECOSTER

    VICE PRESIDENT

    Total calculated
    $135,245
    From this org
    $128,775
    From related orgs
    $0
    Other
    $6,470
    Hours/week
    40

  • PETER KLEIN

    DIRECTOR

    Total calculated
    $19,505
    From this org
    $19,244
    From related orgs
    $0
    Other
    $261
    Hours/week
    25

  • GREG MORIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARK MURRAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DONALD PRINTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEVE TORELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • THOMAS DILORENZO

    PRESIDENT

    Total calculated
    $35,274
    From this org
    $34,020
    From related orgs
    $0
    Other
    $1,254
    Hours/week
    1

  • KRISTAL HOLMES

    EMPLOYEE

    Total calculated
    $109,219
    From this org
    $101,527
    From related orgs
    $0
    Other
    $7,692
    Hours/week
    40

  • RYAN MCMAKEN

    EMPLOYEE

    Total calculated
    $128,305
    From this org
    $105,303
    From related orgs
    $0
    Other
    $23,002
    Hours/week
    40

  • MICHAEL PARISH

    EMPLOYEE

    Total calculated
    $109,627
    From this org
    $104,389
    From related orgs
    $0
    Other
    $5,238
    Hours/week
    40

  • JUDITH THOMMESEN

    EMPLOYEE

    Total calculated
    $106,434
    From this org
    $103,696
    From related orgs
    $0
    Other
    $2,738
    Hours/week
    40

  • JEFFREY E DEIST

    FORMER PRESIDENT

    Total calculated
    $169,849
    From this org
    $167,539
    From related orgs
    $0
    Other
    $2,310
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,539
    Bonus
    $0
    Other
    $0
    Deferred
    $685
    Nontaxable benefits
    $1,625
    Filer's total
    $169,849

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 · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 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

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
202403199349305420

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