← INTERNATIONAL SOCIETY FOR INDIVIDUAL LIBERTY INC

Form 990 for tax year 2023

Filed by INTERNATIONAL SOCIETY FOR INDIVIDUAL LIBERTY INC.

Totals

Total revenue: $2,044,798
Total expenses: $504,742
Contributions and grants received: $1,966,594
Grants paid: $75,534
Program service revenue: $40,541
Investment income: $30,942
Other revenue: $6,721
Total assets, end of year: $1,672,292
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $1,672,292
Program services expenses (Part IX): $302,942
Management and general expenses: $199,052
Fundraising expenses: $2,748
Program service expenses (Part III): $302,942

Program services were 60.0% 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

$1,966,594
1g · Noncash contributions included above

$22,900
2a · Program service revenue: CONFERENCES AND SEMINARS

total $40,541 · related or exempt $40,541
3 · Investment income

total $30,494 · excluded $30,494
7a · Gross sales of assets other than inventory

other assets $25,274
7b · Less cost or other basis and sales expenses

other assets $24,826
7c · Gain or loss

other assets $448
7d · Net gain or loss

total $448 · excluded $448
11a · Other revenue: MISCELLANEOUS REVENUE (LOSSES

total $6,721 · related or exempt $6,721
11e · Other revenue, total

$6,721

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,800 · program services $1,800
3 · Grants to foreign organizations and individuals

total $73,734 · program services $73,734
5 · Compensation of officers, directors and key employees

total $181,604 · management and general $181,604
7 · Other salaries and wages

total $97,556 · program services $97,556
11b · Fees: legal

total $2,825 · management and general $2,825
11c · Fees: accounting

total $1,715 · management and general $1,715
11g · Fees: other

total $17,635 · program services $17,635
12 · Advertising and promotion

total $2,748 · fundraising $2,748
19 · Conferences, conventions and meetings

total $107,979 · program services $107,979
23 · Insurance

total $2,111 · management and general $2,111
24a · Other expenses: DUES AND SUBSCRIPTIONS

total $6,577 · management and general $6,577
24b · Other expenses: MEDIA PRODUCTION COSTS

total $4,238 · program services $4,238
24c · Other expenses: MISCELLANEOUS EXPENSES

total $2,755 · management and general $2,755
24d · Other expenses: BANK SERVICE CHARGES

total $1,465 · management and general $1,465

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $19,823 · end of year $1,388,904
5 · Loans and receivables from officers and key people

end of year $214,237
11 · Investments: publicly traded securities

beginning of year $8,438 · end of year $8,213
12 · Investments: other securities

beginning of year $101,087 · end of year $60,938
27 · Net assets without donor restrictions

beginning of year $129,348 · end of year $1,672,292

Mission and programs · 2023

Mission

TO BRING LIBERTY TO EVERY CORNER OF THE WORLD BY SHARING THE PHILOSOPHY AND BENEFITS OF FREEDOM, EMPHASIZING EDUCATING NEWCOMERS. WE SPREAD LIBERTY AND FOSTER A GLOBAL NETWORK OF FREEDOM CHAMPIONS, EMPOWERING THEM TO BECOME CHANGE AGENTS IN THEIR OWN COUNTRIES.

LIBERTY INTERNATIONAL WORLD CONFERENCE, SPAIN: THE 37TH LIBERTY INTERNATIONAL WORLD CONFERENCE (LIWC) HELD IN THE WAKE OF SPANISH GENERAL ELECTIONS, IN AUGUST 2023, SERVED AS A POWERFUL PLATFORM FOR INTELLECTUAL EXCHANGE. CENTERED AROUND THE THEME "PROSPERITY AND LONGEVITY THROUGH LIBERTY," THE CONFERENCE BROUGHT TOGETHER OVER 100 PARTICIPANTS FROM AROUND THE WORLD WITH LIBERTY INTERNATIONAL PROVIDING 62 SCHOLARSHIPS. WE HOSTED AROUND 32 RENOWNED SPEAKERS LIKE DAN MITCHELL, SYED KAMALL, AND JOY KIM WHO OERED INSIGHTFUL PERSPECTIVES ON HISTORICAL AND CONTEMPORARY CHALLENGES TO INDIVIDUAL LIBERTY. THE CONFERENCE'S IMPACT EXTENDED FAR BEYOND ITS WALLS, GARNERING EXTENSIVE MEDIA COVERAGE WITH 132 REPORTS SOLIDIFYING LIBERTY INTERNATIONAL'S POSITION AS A GLOBAL CHAMPION FOR FREEDOM.

Expenses $107,979
LIBERTARIAN ANIMATED SERIES: LIBERTY INTERNATIONAL REMAINS AT THE FOREFRONT OF INNOVATIVE EDUCATIONAL INITIATIVES. IN 2023, THE ORGANIZATION RELEASED TWO CAPTIVATING ANIMATED SERIES: "THE ADVENTURES OF JONATHAN GULLIBLE- AND "WHY NEW YORK CITY BECAME CAPITAL OF THE WORLD." THESE ENGAGING NARRATIVES UTILIZE HUMOR TO EDUCATE GEN Z ABOUT FREE-MARKET PRINCIPLES AND THE HISTORICAL SIGNICANCE OF INDIVIDUAL LIBERTY. OUR "MILTON & MURRAY: BACK FROM THE DEAD" COMIC STRIPS ACHIEVED A REMARKABLE MILESTONE, BY BEING SEMI-NALIST AT BOTH PROJECT PITCH AT WEEKEND OF CAPITALISM AND THE EUROPEAN RESOURCE BANK.

Expenses $4,873
PROJECT ARIZONA 2023: PROJECT ARIZONA, HELD FROM OCTOBER 21 TO NOVEMBER 29, 2023, EMPOWERED 7 TALENTED STUDENTS FROM 6 CHALLENGED COUNTRIES WITH THE KNOWLEDGE AND SKILLS NECESSARY TO ADVANCE FREEDOM IN THEIR HOME COUNTRIES. THE 2023 COHORT, REPRESENTING A DIVERSE RANGE OF BACKGROUNDS, PARTICIPATED IN RIGOROUS ACADEMIC CLASSES, ENRICHING CULTURAL IMMERSION EXPERIENCES, AND VALUABLE NETWORKING OPPORTUNITIES. PROJECT ARIZONA'S SUCCESS IS EVIDENT IN THE SIGNICANT IMPACT ITS ALUMNI ARE MAKING.

Expenses $92,534 · Grants $75,534
WORK MIGRATION INDEX: RECOGNIZING THE CHALLENGES FACED BY REFUGEES DUE TO THE UKRAINE-RUSSIA WAR, LIBERTY INTERNATIONAL LAUNCHED THE INTERNATIONAL WORK MIGRATION INDEX IN 2023. THIS INVALUABLE RESOURCE HAS REACHED OVER 200,000 INDIVIDUALS, EMPOWERING MIGRANTS SEEKING OPPORTUNITIES IN CANADA, UKRAINE, AND POLAND TO MAKE INFORMED DECISIONS. THE INDEX ALSO SERVES AS A VALUABLE RESOURCE FOR POLICYMAKERS, AIDING IN STREAMLINING MIGRATION PROCEDURES. LIBERTARIAN SOLUTIONS: LIBERTY INTERNATIONAL'S LIBERTARIAN SOLUTIONS TRAINING PROGRAMS HAVE EMPOWERED OVER 500 INDIVIDUALS TO BECOME EECTIVE CHAMPIONS OF FREEDOM. THESE COMPREHENSIVE PROGRAMS COME IN THREE LEVELS (1.0, 2.0, AND 3.0) AND PROVIDE PARTICIPANTS WITH THE KNOWLEDGE AND TOOLS TO EECTIVELY ADVOCATE FOR FREEDOM. THROUGH CLEAR COMMUNICATION STRATEGIES AND A DEEP UNDERSTANDING OF LIBERTARIAN PRINCIPLES, PARTICIPANTS GAIN THE CONDENCE TO INUENCE PUBLIC OPINION AND POLICY DECISIONS. ADDITIONALLY, THE "SHORT ANSWERS TO THE TOUGH QUESTIONS" ONLINE COURSE, LAUNCHED AT THE END OF 2023, EQUIPS INDIVIDUALS WITH THE COMMUNICATION SKILLS NECESSARY TO NAVIGATE COMPLEX SOCIAL AND POLITICAL ISSUES. SOCRATIC READING CIRCLES: THE SOCRATIC READING CIRCLES (SRC) HELD OVER THE YEAR 2023, FOSTERED CRITICAL THINKING, COMMUNICATION, AND A DEEP UNDERSTANDING OF FREE MARKETS AND INDIVIDUAL LIBERTY. PARTICIPANTS DISCUSSED PROMINENT WORKS LIKE "THE ADVENTURE OF JONATHAN GULLIBLE- AND "HOW TO THINK ABOUT THE ECONOMY."

Expenses $97,556

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

Listed in Part VII

Jacek SpendelJACEK SPENDEL

PRESIDENT

Total calculated

$181,604

From this org

$181,604

From related orgs

$0

Other

$0

Hours/week

30

Schedule J breakdown matched by us

Base

$181,604

Bonus

not reported

Other

not reported

Deferred

not reported

Nontaxable benefits

not reported

Filer's total

$181,604
Per BylundPER BYLUND

BOARD MEMBER

Total calculated

$0

Hours/week

5
Jose Luis CordeiroJOSE LUIS CORDEIRO

BOARD MEMBER

Total calculated

$0

Hours/week

5
James LarkJAMES LARK

BOARD MEMBER

Total calculated

$0

Hours/week

5
Mary RuwartMARY RUWART

CHAIR

Total calculated

$0

Hours/week

5
Ken SchoollandKEN SCHOOLLAND

BOARD MEMBER

Total calculated

$0

Hours/week

5
Lobo TiggreLOBO TIGGRE

BOARD MEMBER

Total calculated

$0

Hours/week

5
David WalterDAVID WALTER

BOARD MEMBER

Total calculated

$0

Hours/week

5

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 committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Written employment contract
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)

SCHEDULE J, PAGE 1, PART I, LINE 3: LIBERTY INTERNATIONAL RECOGNIZES THE IMPORTANCE OF FAIR AND COMPETITIVE EXECUTIVE COMPENSATION TO ATTRACT AND RETAIN TOP TALENT. TO ENSURE THAT OUR EXECUTIVE COMPENSATION PACKAGES ARE IN LINE WITH INDUSTRY STANDARDS AND BEST PRACTICES, WE HAVE ESTABLISHED A TRANSPARENT PROCESS THAT INVOLVES THE USE OF CONSULTANTS AND EXTERNAL SOURCES. ESTABLISHING A COMPENSATION COMMITTEE: WE HAVE FORMED A DEDICATED COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS AND EXTERNAL EXPERTS. THE COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE EXECUTIVE COMPENSATION PROCESS AND ENSURING THAT IT IS FAIR, COMPETITIVE, AND ALIGNED WITH THE ORGANIZATION'S GOALS AND VALUES. HIRING COMPENSATION CONSULTANTS: WE ENGAGE REPUTABLE COMPENSATION CONSULTANTS WHO SPECIALIZE IN THE NON- PROFIT SECTOR. THESE CONSULTANTS PROVIDE VALUABLE INSIGHTS AND DATA ON EXECUTIVE COMPENSATION TRENDS, HELPING US BENCHMARK OUR COMPENSATION PACKAGES AGAINST SIMILAR ORGANIZATIONS. CONDUCTING MARKET ANALYSIS: OUR CONSULTANTS CONDUCT A COMPREHENSIVE MARKET ANALYSIS TO DETERMINE THE APPROPRIATE COMPENSATION LEVELS FOR OUR EXECUTIVES. THIS ANALYSIS INCLUDES REVIEWING COMPENSATION DATA FROM SIMILAR NON-PROFIT ORGANIZATIONS, AS WELL AS FROM THE FOR-PROFIT SECTOR, TO ENSURE THAT OUR COMPENSATION PACKAGES ARE COMPETITIVE. 4. CONSIDERING INTERNAL FACTORS: IN ADDITION TO EXTERNAL MARKET DATA, OUR COMPENSATION COMMITTEE ALSO CONSIDERS INTERNAL FACTORS SUCH AS THE EXECUTIVE'S PERFORMANCE, EXPERIENCE, AND CONTRIBUTIONS TO THE ORGANIZATION. THIS ENSURES THAT COMPENSATION DECISIONS ARE BASED ON A HOLISTIC ASSESSMENT OF THE EXECUTIVE'S VALUE TO THE ORGANIZATION. 5. ENSURING TRANSPARENCY: WE BELIEVE IN TRANSPARENCY IN OUR COMPENSATION PROCESS. EXECUTIVE COMPENSATION DECISIONS ARE COMMUNICATED CLEARLY TO THE BOARD, STAFF, AND STAKEHOLDERS, ALONG WITH THE RATIONALE BEHIND THEM. THIS HELPS BUILD TRUST AND ACCOUNTABILITY WITHIN THE ORGANIZATION. 6. REVIEWING AND UPDATING COMPENSATION PACKAGES: OUR COMPENSATION COMMITTEE REGULARLY REVIEWS AND UPDATES EXECUTIVE COMPENSATION PACKAGES TO ENSURE THAT THEY REMAIN COMPETITIVE AND ALIGNED WITH OUR ORGANIZATION'S GOALS. THIS ONGOING REVIEW PROCESS HELPS US ATTRACT AND RETAIN TOP TALENT IN A RAPIDLY CHANGING ENVIRONMENT. 7. COMPLIANCE WITH LEGAL AND ETHICAL STANDARDS: THROUGHOUT THE EXECUTIVE COMPENSATION PROCESS, WE ENSURE COMPLIANCE WITH ALL RELEVANT LEGAL AND ETHICAL STANDARDS. THIS INCLUDES ADHERENCE TO IRS REGULATIONS GOVERNING EXECUTIVE COMPENSATION IN NON-PROFIT ORGANIZATIONS, AS WELL AS COMPLIANCE WITH OUR OWN INTERNAL POLICIES AND GUIDELINES. 8. SEEKING STAKEHOLDER INPUT: WE ACTIVELY SEEK INPUT FROM STAKEHOLDERS, INCLUDING STAFF, DONORS, AND BENEFICIARIES, ON OUR EXECUTIVE COMPENSATION PRACTICES. THIS FEEDBACK HELPS US ENSURE THAT OUR COMPENSATION PACKAGES ARE PERCEIVED AS FAIR AND REASONABLE BY ALL STAKEHOLDERS.

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: 17 May 2024
IRS schema version: 2023v5.0
Source object: 202432299349301048

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