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Nonprofiteer
← THE INSTITUTE FOR NEW ECONOMIC THINKING INC

Form 990 for tax year 2024

Filed by THE INSTITUTE FOR NEW ECONOMIC THINKING INC.

Totals

Total revenue
$429,626
Total expenses
$5,803,431
Contributions and grants received
$43,793
Grants paid
$474,371
Program service revenue
$0
Investment income
$365,227
Other revenue
$20,606
Total assets, end of year
$9,916,689
Total liabilities, end of year
$1,057,312
Net assets or fund balances, end of year
$8,859,377
Program services expenses (Part IX)
$4,403,464
Management and general expenses
$784,718
Fundraising expenses
$615,249
Program service expenses (Part III)
$4,403,464

Program services were 75.9% 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

    $43,793

  • 3 · Investment income

    total $365,227 · excluded $365,227

  • 5 · Royalties

    total $1,417 · excluded $1,417

  • 6a · Gross rents

    real property $9,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $9,000

  • 6d · Net rental income or loss

    total $9,000 · excluded $9,000

  • 11a · Other revenue: FSA FORFEITURES

    total $10,189 · excluded $10,189

  • 11e · Other revenue, total

    $10,189

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $219,497 · program services $219,497

  • 2 · Grants to domestic individuals

    total $22,000 · program services $22,000

  • 3 · Grants to foreign organizations and individuals

    total $232,874 · program services $232,874

  • 5 · Compensation of officers, directors and key employees

    total $1,092,005 · program services $555,210 · management and general $235,430 · fundraising $301,365

  • 7 · Other salaries and wages

    total $787,049 · program services $704,096 · management and general $82,953

  • 8 · Pension plan contributions

    total $18,194 · program services $17,172 · management and general $1,022

  • 9 · Other employee benefits

    total $193,869 · program services $149,439 · management and general $36,153 · fundraising $8,277

  • 10 · Payroll taxes

    total $130,783 · program services $94,521 · management and general $23,151 · fundraising $13,111

  • 11b · Fees: legal

    total $23,153 · program services $4,899 · management and general $17,103 · fundraising $1,151

  • 11c · Fees: accounting

    total $40,500 · management and general $40,500

  • 11g · Fees: other

    total $1,003,533 · program services $637,471 · management and general $174,197 · fundraising $191,865

  • 12 · Advertising and promotion

    total $65,304 · program services $65,304

  • 13 · Office expenses

    total $97,920 · program services $57,689 · management and general $35,836 · fundraising $4,395

  • 14 · Information technology

    total $133,516 · program services $86,868 · management and general $34,963 · fundraising $11,685

  • 16 · Occupancy

    total $217,892 · program services $157,126 · management and general $39,269 · fundraising $21,497

  • 17 · Travel

    total $20,044 · program services $11,965 · fundraising $8,079

  • 19 · Conferences, conventions and meetings

    total $1,056,270 · program services $1,004,662 · management and general $16,773 · fundraising $34,835

  • 20 · Interest

    total $782 · management and general $782

  • 22 · Depreciation, depletion and amortization

    total $171,522 · program services $124,251 · management and general $31,100 · fundraising $16,171

  • 23 · Insurance

    total $38,855 · program services $20,673 · management and general $15,422 · fundraising $2,760

  • 24a · Other expenses: VIDEO PRODUCTION/OUTREA

    total $224,017 · program services $224,017

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $12,000 · program services $12,000

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $1,852 · program services $1,730 · management and general $64 · fundraising $58

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $331,811 · end of year $142,426

  • 2 · Savings and temporary cash investments

    beginning of year $13,760,229 · end of year $2,566,792

  • 3 · Pledges and grants receivable

    beginning of year $573,310 · end of year $390,967

  • 7 · Other notes and loans receivable

    beginning of year $490 · end of year $921

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,834 · end of year $112,267

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

    $3,158,458

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

    $3,100,062

  • 10c · Land, buildings and equipment, net

    beginning of year $179,343 · end of year $58,396

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $6,211,596

  • 15 · Other assets

    beginning of year $623,826 · end of year $433,324

  • 17 · Accounts payable and accrued expenses

    beginning of year $233,025 · end of year $107,695

  • 18 · Grants payable

    beginning of year $558,739 · end of year $515,188

  • 19 · Deferred revenue

    beginning of year $700 · end of year $0

  • 25 · Other liabilities

    beginning of year $682,667 · end of year $434,429

  • 27 · Net assets without donor restrictions

    beginning of year $13,649,402 · end of year $8,668,410

  • 28 · Net assets with donor restrictions

    beginning of year $373,310 · end of year $190,967

Mission and programs · 2024

Mission

THE INSTITUTE FOR NEW ECONOMIC THINKING, INC. ("INET") PROVIDES FRESH INSIGHT AND THINKING TO PROMOTE CHANGES IN ECONOMIC THEORY AND PRACTICE THROUGH CONFERENCES, GRANTS, AND EDUCATION INITIATIVES.

  • YOUNG SCHOLARS INITIATIVE2024 MARKED SIGNIFICANT GROWTH AND MATURATION. MEMBERS ORGANIZED 196 PROJECTS --170 IN-PERSON WORKSHOPS, 11 WEBINAR SERIES, AND 15 ONE-TIME WEBINARS. YSI SUPPORTED MORE THAN 20 EXTERNAL EVENTS THROUGH ITS EVENT GRANTS PROGRAM, AND THE NETWORK OF YSI HUBS PROVIDED ONGOING OPPORTUNITIES FOR LOCAL COLLABORATION AND COMMUNITY BUILDING.MEMBERSHIP ROSE 21% --NEARLY 4,000 NEW MEMBERS --TO JUST UNDER 24,000. THE NUMBER OF ACTIVE ORGANIZERS REACHED 581, AND CORE LEADERSHIP GREW TO 644.

    Expenses $1,528,039 · Grants $105,982

  • RESEARCHIIN 2024, INET SUPPORTED APPROXIMATELY 50 RESEARCH GRANTS AND LAUNCHED 9 NEW INITIATIVES. THE WORKING PAPER SERIES ADDED 17 PAPERS, BRINGING THE TOTAL TO 231. WORKING PAPERS EXAMINED THE CONSUMER WELFARE MODEL IN ANTITRUST, AI AND MARKET STRUCTURE, PHARMACEUTICAL PRICING, THE TRANSITION TO ELECTRIC VEHICLES, U.S. HOUSEHOLD INDEBTEDNESS, AND ADDITIONAL DRIVERS OF ECONOMIC IMBALANCES.

    Expenses $868,146 · Grants $367,998

  • CONTENTFOUNDED IN 2009 AFTER THE FINANCIAL CRISIS, THE INSTITUTE FOR NEW ECONOMIC THINKING (INET) IS A NONPARTISAN, NONPROFIT ORGANIZATION THAT DEVELOPS AND SHARES RESEARCH-BASED IDEAS TO STRENGTHEN ECONOMIC PERFORMANCE AND BROADEN OPPORTUNITY. TO MEET CURRENT AND FUTURE CHALLENGES, INET CONDUCTS AND COMMISSIONS RESEARCH, CONVENES FORUMS FOR THE EXCHANGE OF IDEAS, AND NURTURES A COMMUNITY OF YOUNG SCHOLARS. WE INCUBATE NEW ECONOMIC APPROACHES WITHIN ACADEMIA AND BEYOND, THEN AMPLIFY THIS WORK THROUGH PUBLICATIONS, MULTIMEDIA, AND THE YOUNG SCHOLARS INITIATIVE (YSI).

    Expenses $834,179 · Grants $391

  • MULTIMEDIA PRODUCTIONIN THE FILED OF VIDEO AND MULTIMEDIA, INET RELEASED 50 NEW PRODUCTIONS IN 2024 ACROSS A WIDE RANGE OF FORMATS, INCLUDING IN-DEPTH EDUCATIONAL SERIES, ANIMATED EXPLAINERS, VIDEOCASTS, AND INTERVIEWS.OTHER MAJOR PROGRAMSINET CONVENED AND PARTICIPATED IN EVENTS WITH LEADING ECONOMISTS AND STAKEHOLDERS ON TOPICS SUCH AS INNOVATION AND CAPABILITIES, PATENT LAW, ECOLOGICAL CHANGE, TECHNOLOGY AND PRIVACY, EMERGING MARKETS, AND LABOR MARKET DYNAMICS.

    Expenses $1,173,100

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

Listed in Part VII

  • Robert Johnson

    PRESIDENT

    Total calculated
    $521,435
    From this org
    $446,177
    From related orgs
    $0
    Other
    $75,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $446,177
    Bonus
    $0
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $64,908
    Filer's total
    $521,435

  • Rohinton Medhora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Abell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gaurav Dalmia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Daves

    MANAGING DIRECTOR, GOVERNING BOARD

    Total calculated
    $82,500
    From this org
    $82,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Neva Goodwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anatole Kaletsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Drummond Pike

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John A Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gillian Tett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Vague

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Shure

    CFO, THRU JUNE 2024

    Total calculated
    $68,810
    From this org
    $49,709
    From related orgs
    $0
    Other
    $19,101
    Hours/week
    40

  • Donna Folkerts

    CHIEF ADMIN OFFICER

    Total calculated
    $205,827
    From this org
    $193,665
    From related orgs
    $0
    Other
    $12,162
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,665
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $6,162
    Filer's total
    $205,827

  • Matthew Kulvicki

    DIRECTOR OF FILM AND VIDEO

    Total calculated
    $213,432
    From this org
    $189,253
    From related orgs
    $0
    Other
    $24,179
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,253
    Bonus
    $0
    Other
    $0
    Deferred
    $5,700
    Nontaxable benefits
    $18,479
    Filer's total
    $213,432

  • Albert T Ferguson

    DIRECTOR OF RESEARCH

    Total calculated
    $134,514
    From this org
    $130,000
    From related orgs
    $0
    Other
    $4,514
    Hours/week
    40

  • Heske Van Doonen

    DIRECTOR YOUNG SCHOLARS

    Total calculated
    $164,813
    From this org
    $120,292
    From related orgs
    $0
    Other
    $44,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,292
    Bonus
    $0
    Other
    $0
    Deferred
    $3,750
    Nontaxable benefits
    $40,771
    Filer's total
    $164,813

  • Audra Aucoin

    GRANTS MANAGER

    Total calculated
    $153,834
    From this org
    $112,997
    From related orgs
    $0
    Other
    $40,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,997
    Bonus
    $0
    Other
    $0
    Deferred
    $3,390
    Nontaxable benefits
    $37,447
    Filer's total
    $153,834

  • Pia Malaney

    ASSOC. REASEARCH DIRECTOR

    Total calculated
    $162,395
    From this org
    $106,406
    From related orgs
    $0
    Other
    $55,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,406
    Bonus
    $0
    Other
    $0
    Deferred
    $3,300
    Nontaxable benefits
    $52,689
    Filer's total
    $162,395

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349318650

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