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Nonprofiteer
← AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH

Form 990 for tax year 2024

Filed by AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH.

Totals

Total revenue
$75,372,309
Total expenses
$73,523,238
Contributions and grants received
$61,092,201
Grants paid
$757,190
Program service revenue
$2,088,391
Investment income
$12,066,605
Other revenue
$125,112
Total assets, end of year
$386,580,770
Total liabilities, end of year
$21,321,174
Net assets or fund balances, end of year
$365,259,596
Program services expenses (Part IX)
$57,703,523
Management and general expenses
$8,535,366
Fundraising expenses
$7,284,349
Program service expenses (Part III)
$57,703,523

Program services were 78.5% 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

    $61,092,201

  • 1g · Noncash contributions included above

    $1,708,616

  • 2a · Program service revenue: CONFERENCES & EVENTS

    total $1,889,489 · related or exempt $1,889,489

  • 2b · Program service revenue: DINING ROOM REVENUE

    total $134,139 · related or exempt $134,139

  • 2c · Program service revenue: RESEARCH PUB/MATERIALS

    total $38,665 · related or exempt $38,665

  • 2d · Program service revenue: PUBLICATION ROYALTIES

    total $26,098 · excluded $26,098

  • 3 · Investment income

    total $2,119,408 · excluded $2,119,408

  • 7a · Gross sales of assets other than inventory

    securities $46,530,293

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

    securities $36,583,096

  • 7c · Gain or loss

    securities $9,947,197

  • 7d · Net gain or loss

    total $9,947,197 · excluded $9,947,197

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $125,112 · excluded $125,112

  • 11e · Other revenue, total

    $125,112

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $665,690 · program services $665,690

  • 3 · Grants to foreign organizations and individuals

    total $91,500 · program services $91,500

  • 5 · Compensation of officers, directors and key employees

    total $4,867,566 · program services $2,588,564 · management and general $1,714,314 · fundraising $564,688

  • 7 · Other salaries and wages

    total $30,319,296 · program services $25,737,142 · management and general $1,618,976 · fundraising $2,963,178

  • 8 · Pension plan contributions

    total $2,642,863 · program services $2,351,192 · management and general $47,128 · fundraising $244,543

  • 9 · Other employee benefits

    total $3,365,162 · program services $2,798,434 · management and general $263,529 · fundraising $303,199

  • 10 · Payroll taxes

    total $2,527,628 · program services $2,084,150 · management and general $211,398 · fundraising $232,080

  • 11b · Fees: legal

    total $140,357 · management and general $140,357

  • 11c · Fees: accounting

    total $106,526 · management and general $106,526

  • 11f · Fees: investment management

    total $406,690 · management and general $406,690

  • 11g · Fees: other

    total $2,550,951 · program services $1,860,632 · management and general $561,580 · fundraising $128,739

  • 12 · Advertising and promotion

    total $68,033 · program services $60,822 · management and general $1,674 · fundraising $5,537

  • 13 · Office expenses

    total $454,671 · program services $311,802 · management and general $94,778 · fundraising $48,091

  • 14 · Information technology

    total $3,225,920 · program services $2,287,672 · management and general $774,826 · fundraising $163,422

  • 16 · Occupancy

    total $2,469,292 · program services $1,378,075 · management and general $938,340 · fundraising $152,877

  • 17 · Travel

    total $722,395 · program services $441,570 · management and general $967 · fundraising $279,858

  • 19 · Conferences, conventions and meetings

    total $9,366,543 · program services $7,468,993 · management and general $7,233 · fundraising $1,890,317

  • 22 · Depreciation, depletion and amortization

    total $4,196,821 · program services $2,381,396 · management and general $1,551,243 · fundraising $264,182

  • 23 · Insurance

    total $235,640 · program services $133,709 · management and general $87,098 · fundraising $14,833

  • 24a · Other expenses: SCHOLAR FEES

    total $3,124,920 · program services $3,124,920

  • 24b · Other expenses: RESEARCH AND PUBLICATIO

    total $1,974,774 · program services $1,937,260 · management and general $8,709 · fundraising $28,805

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,035,184 · end of year $12,171,176

  • 3 · Pledges and grants receivable

    beginning of year $4,730,875 · end of year $3,083,140

  • 4 · Accounts receivable

    beginning of year $44,293 · end of year $20,447

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,314,236 · end of year $1,146,399

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

    $158,914,667

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

    $50,532,818

  • 10c · Land, buildings and equipment, net

    beginning of year $104,710,484 · end of year $108,381,849

  • 11 · Investments: publicly traded securities

    beginning of year $115,159,528 · end of year $113,864,120

  • 12 · Investments: other securities

    beginning of year $119,061,365 · end of year $137,339,905

  • 15 · Other assets

    beginning of year $1,055,604 · end of year $10,573,734

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,988,162 · end of year $4,562,104

  • 19 · Deferred revenue

    beginning of year $259,007 · end of year $706,206

  • 25 · Other liabilities

    beginning of year $1,844,080 · end of year $16,052,864

  • 27 · Net assets without donor restrictions

    beginning of year $292,744,599 · end of year $312,659,970

  • 28 · Net assets with donor restrictions

    beginning of year $55,275,721 · end of year $52,599,626

Mission and programs · 2024

Mission

THE AMERICAN ENTERPRISE INSTITUTE IS A COMMUNITY OF SCHOLARS AND SUPPORTERS COMMITTED TO EXPANDING LIBERTY, INCREASING INDIVIDUAL OPPORTUNITY, AND STRENGTHENING FREE ENTERPRISE. AEI PURSUES THESE IDEALS THROUGH INDEPENDENT THINKING AND THE HIGHEST STANDARDS OF RESEARCH AND EXPOSITION.

  • DOMESTIC POLICY STUDIES: AEI'S DOMESTIC POLICY STUDIES SCHOLARS EXPLORE A BROAD RANGE OF TOPICS INCLUDING K-12 AND HIGHER EDUCATION REFORM, CITIZENSHIP, ETHICS, JUDICIARY ISSUES, EXECUTIVE AND LEGISLATIVE POLITICS, POLLS AND ELECTIONS, FEDERALISM, POVERTY, CIVIL RIGHTS, CRIME, AND OTHER PUBLIC POLICY ISSUES. AEI'S SCHOLARS ARE THOUGHT LEADERS IN THEIR FIELDS AND CONVENE CONFERENCES, IN-PERSON AND ONLINE EVENTS, AND PUBLIC AND PRIVATE SEMINARS. IN ADDITION TO ITS MANY EVENTS AND SEMINARS, AEI PROMOTES ITS RESEARCH AND IDEAS THROUGH PRINT AND DIGITAL PUBLICATIONS, BLOG POSTS AND SOCIAL MEDIA, CONFERENCES, AND WORKING GROUPS.

    Expenses $14,008,784 · Grants $757,190 · Revenue $1,764,377

  • FOREIGN AND DEFENSE POLICY STUDIES: AEI'S FOREIGN AND DEFENSE POLICY STUDIES SCHOLARS SEEK TO UNDERSTAND HOW AMERICAN INTERESTS AND POLITICAL AND ECONOMIC FREEDOM CAN BE PROTECTED AND ADVANCED AROUND THE WORLD. THE PROGRAM'S RESEARCH AREAS INCLUDE U.S. NATIONAL SECURITY AND DEFENSE, TERRORISM, INTERNATIONAL SOVEREIGNTY, AND U.S. POLICY IN THE MIDDLE EAST, ASIA, RUSSIA, AND NUMEROUS OTHER AREAS. AEI'S SCHOLARS FOCUS ON CURRENT POLICY ISSUES AS WELL AS THOSE FURTHER OVER THE HORIZON. IN THE PROCESS, THEY EDUCATE POLICYMAKERS, BUSINESS LEADERS, ACADEMICS, JOURNALISTS, STUDENTS, AND ALL INTERESTED CITIZENS ON OUR NATION'S MOST CRITICAL POLICY ISSUES.

    Expenses $12,823,421 · Revenue $38,665

  • SOCIAL, CULTURAL, AND CONSTITUTIONAL STUDIES: AEI'S SOCIAL CULTURAL AND CONSTITUTIONAL STUDIES SCHOLARS EXPLORE ISSUES RELATED TO THREE RESEARCH AREAS: 1.) LEGAL AND CONSTITUTIONAL TOPICS 2. POLITICS AND PUBLIC OPINION, AND 3. SOCIETY AND CULTURE. TOPICS STUDIED BY LEGAL AND CONSTITUTIONAL SCHOLARS INCLUDE CONGRESS, THE US PRESIDENCY, THE COURTS (INCLUDING THE SUPREME COURT OF THE UNITED STATES), THE ADMINISTRATIVE STATE, AND THE US CONSTITUTION. POLITICS AND PUBLIC OPINION SCHOLARS FOCUS ON POLLING, ELECTIONS, AND POLITICAL THEORY. SOCIETY AND CULTURE SCHOLARS STUDY AND COMMENT ON LIBERAL EDUCATION (SPECIFICALLY, THE HUMANITIES, HIGHER EDUCATION, AND CLASSICAL EDUCATION), CIVIL INSTITUTIONS, THE MEDIA, AMERICAN HISTORY, AND RELIGION.

    Expenses $11,286,374 · Revenue $134,139

  • OTHER PROGRAM SERVICES

    Expenses $19,584,944 · Revenue $125,112

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Behdad Eghbali

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Bill Haslam

    BD OF TRUSTEES - AS OF 5/25

    Total calculated
    $0
    Hours/week
    1

  • Bob Murley

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Christopher B Galvin

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Clifford S Asness

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Daniel A D'Aniello

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Deepa Javeri

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Drew McKnight

    BD OF TRUSTEES - AS OF 3/25

    Total calculated
    $0
    Hours/week
    1

  • Edward B Rust Jr

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Frank J Hanna

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey S Rehnert

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Harlan Crow

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Harvey Golub

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Joanna F Jonsson

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • John A Luke Jr

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • John K Hurley

    BD OF TRUSTEES - UNTIL 02/25

    Total calculated
    $0
    Hours/week
    1

  • Kevin B Rollins

    BD OF TRUSTEES - UNTIL 11/24

    Total calculated
    $0
    Hours/week
    1

  • Kimberly O Dennis

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Marc S Lipschultz

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Martin C Eltrich III

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Matthew K Rose

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Pat Neal

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Peter H Coors

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Ravenel B Curry III

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Richard Devos

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Robert Doar

    PRESIDENT

    Total calculated
    $1,315,372
    From this org
    $1,213,768
    From related orgs
    $0
    Other
    $101,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $645,054
    Bonus
    $350,000
    Other
    $218,714
    Deferred
    $35,203
    Nontaxable benefits
    $0
    Filer's total
    $1,248,971

  • Robert Greenhill

    BD OF TRUSTEES - UNTIL 11/24

    Total calculated
    $0
    Hours/week
    1

  • Ross Perot Jr

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Tully M Friedman

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Will Weatherford

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • William H Walton

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Wilson H Taylor

    BD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Jason W Bertsch

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $545,036
    From this org
    $503,636
    From related orgs
    $0
    Other
    $41,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $445,680
    Bonus
    $40,000
    Other
    $17,956
    Deferred
    $29,252
    Nontaxable benefits
    $0
    Filer's total
    $532,888

  • Kazuki Ko - Vice President

    CHIEF FINANCIAL OFFICER

    Total calculated
    $319,049
    From this org
    $284,217
    From related orgs
    $0
    Other
    $34,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,217
    Bonus
    $15,000
    Other
    $0
    Deferred
    $13,365
    Nontaxable benefits
    $0
    Filer's total
    $297,582

  • John Cusey - Senior Vice

    PRESIDENT, EXTERNAL RELATI

    Total calculated
    $324,660
    From this org
    $288,960
    From related orgs
    $0
    Other
    $35,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,960
    Bonus
    $20,000
    Other
    $0
    Deferred
    $34,352
    Nontaxable benefits
    $0
    Filer's total
    $323,312

  • Katheryne E Walker - Chief Hr

    OFFICER & VP OF OPERATIONS

    Total calculated
    $292,499
    From this org
    $260,742
    From related orgs
    $0
    Other
    $31,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,742
    Bonus
    $15,000
    Other
    $0
    Deferred
    $5,667
    Nontaxable benefits
    $0
    Filer's total
    $266,409

  • Kori Schake

    DIRECTOR, FDP

    Total calculated
    $410,427
    From this org
    $369,027
    From related orgs
    $0
    Other
    $41,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,027
    Bonus
    $25,000
    Other
    $3,000
    Deferred
    $11,215
    Nontaxable benefits
    $0
    Filer's total
    $380,242

  • Matthew Continetti

    DIRECTOR, DOMESTIC POLICY

    Total calculated
    $346,723
    From this org
    $308,863
    From related orgs
    $0
    Other
    $37,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,363
    Bonus
    $25,500
    Other
    $0
    Deferred
    $29,652
    Nontaxable benefits
    $0
    Filer's total
    $338,515

  • Michael R Strain

    DIRECTOR, ECONOMIC POLICY

    Total calculated
    $452,660
    From this org
    $411,260
    From related orgs
    $0
    Other
    $41,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,210
    Bonus
    $32,500
    Other
    $8,550
    Deferred
    $38,952
    Nontaxable benefits
    $0
    Filer's total
    $450,212

  • Yuval Levin

    DIRECTOR, SCCS

    Total calculated
    $433,883
    From this org
    $392,483
    From related orgs
    $0
    Other
    $41,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,543
    Bonus
    $32,000
    Other
    $5,940
    Deferred
    $29,652
    Nontaxable benefits
    $0
    Filer's total
    $422,135

  • Adam White

    SENIOR FELLOW

    Total calculated
    $317,040
    From this org
    $282,660
    From related orgs
    $0
    Other
    $34,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,660
    Bonus
    $4,000
    Other
    $0
    Deferred
    $29,252
    Nontaxable benefits
    $0
    Filer's total
    $311,912

  • Danielle Pletka

    DISTINGUISHED SENIOR FELLO

    Total calculated
    $306,088
    From this org
    $273,293
    From related orgs
    $0
    Other
    $32,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,793
    Bonus
    $5,500
    Other
    $0
    Deferred
    $653
    Nontaxable benefits
    $0
    Filer's total
    $273,946

  • Frederick Hess - Senior

    FELLOW & DIRECTOR, EDUCATI

    Total calculated
    $292,903
    From this org
    $261,156
    From related orgs
    $0
    Other
    $31,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,906
    Bonus
    $9,250
    Other
    $0
    Deferred
    $12,828
    Nontaxable benefits
    $0
    Filer's total
    $273,984

  • James Pethokoukis

    SENIOR FELLOW

    Total calculated
    $291,107
    From this org
    $258,887
    From related orgs
    $0
    Other
    $32,220
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,387
    Bonus
    $5,500
    Other
    $0
    Deferred
    $35,410
    Nontaxable benefits
    $0
    Filer's total
    $294,297

  • Nicholas Eberstadt

    SENIOR FELLOW

    Total calculated
    $350,307
    From this org
    $312,336
    From related orgs
    $0
    Other
    $37,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,336
    Bonus
    $0
    Other
    $0
    Deferred
    $29,475
    Nontaxable benefits
    $0
    Filer's total
    $341,811

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
ROBERT DOAR, 457(F) PLAN: $60,204 CONTRIBUTED DURING CALENDAR YEAR 2024
PART I, LINE 7
INDIVIDUALS MAY RECEIVE NON-FIXED DISCRETIONARY BONUSES THROUGHOUT THE YEAR AT THE DISCRETION OF THE PRESIDENT. THE PRESIDENT MAY ALSO RECEIVE NON-FIXED DISCRETIONARY BONUSES THROUGHOUT THE YEAR AT THE DISCRETION OF THE BOARD OF TRUSTEES.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AEI 1785 MASSACHUSETTS AVENUE PROPERTY OWNER LLC

    COMMERCIAL REAL ESTATE · DC · income $0 · assets $0

    Directly controlled by AMERICAN ENTERPRISE INSITUTE FOR PUBLIC POLICY RESEARCH

Provenance

Return type
form_990
Tax year
2024
Filed
16 March 2026
IRS schema version
2024v5.5
Source object
202620779349300942

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