Skip to content
Nonprofiteer
← PROJECT LIBERTY INSTITUTE

Form 990 for tax year 2022

Filed by PROJECT LIBERTY INSTITUTE.

Totals

Total revenue
$13,800,000
Total expenses
$39,098,768
Contributions and grants received
$13,800,000
Grants paid
$36,620,545
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,261,127
Total liabilities, end of year
$46,127,480
Net assets or fund balances, end of year
-$44,866,353
Program services expenses (Part IX)
$37,264,524
Management and general expenses
$1,834,244
Fundraising expenses
$0
Program service expenses (Part III)
$37,264,524

Program services were 95.3% 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

    $13,800,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,326,162 · program services $15,326,162

  • 3 · Grants to foreign organizations and individuals

    total $21,294,383 · program services $21,294,383

  • 7 · Other salaries and wages

    total $109,071 · program services $94,405 · management and general $14,666

  • 9 · Other employee benefits

    total $10,959 · program services $10,603 · management and general $356

  • 10 · Payroll taxes

    total $9,613 · program services $8,490 · management and general $1,123

  • 11b · Fees: legal

    total $119,247 · management and general $119,247

  • 11c · Fees: accounting

    total $3,763 · management and general $3,763

  • 11g · Fees: other

    total $1,746,236 · program services $441,849 · management and general $1,304,387

  • 12 · Advertising and promotion

    total $10,658 · program services $10,037 · management and general $621

  • 13 · Office expenses

    total $31,719 · program services $25,549 · management and general $6,170

  • 14 · Information technology

    total $14,893 · management and general $14,893

  • 17 · Travel

    total $57,123 · program services $40,523 · management and general $16,600

  • 19 · Conferences, conventions and meetings

    total $169,390 · program services $12,297 · management and general $157,093

  • 22 · Depreciation, depletion and amortization

    total $2,473 · management and general $2,473

  • 24a · Other expenses: RECRUITING EXPENSES

    total $190,774 · management and general $190,774

  • 24b · Other expenses: OTHER BUSINESS EXPENSES

    total $2,304 · program services $226 · management and general $2,078

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300,000 · end of year $1,183,689

  • 9 · Prepaid expenses and deferred charges

    end of year $26,176

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

    $44,500

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

    $2,473

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $42,027

  • 15 · Other assets

    beginning of year $0 · end of year $9,235

  • 17 · Accounts payable and accrued expenses

    end of year $191,318

  • 18 · Grants payable

    end of year $45,936,162

  • 27 · Net assets without donor restrictions

    beginning of year $300,000 · end of year -$44,866,353

Mission and programs · 2022

Mission

THE PURPOSE OF PROJECT LIBERTY, INC. IS TO PROMOTE THE ADVANCEMENT AND USE OF INFORMATION TECHNOLOGY FOR THE COMMON GOOD OF HUMANITY IN SUPPORT OF SUSTAINABLE DEMOCRACY AND A MORE EQUITABLE ECONOMY.

Activities or mission (Part I)

TO PROMOTE THE ADVANCEMENT AND USE OF INFORMATION TECHNOLOGY FOR THE COMMON GOOD OF HUMANITY IN SUPPORT OF SUSTAINABLE DEMOCRACY AND A MORE EQUITABLE ECONOMY.

  • PROJECT LIBERTY PROVIDES FUNDING FOR RESEARCH AND TECHNOLOGY PROJECTS THAT FURTHER THE EDUCATION OF THE PUBLIC AND THE SCIENTIFIC COMMUNITY'S UNDERSTANDING OF THE IMPACT OF TECHNOLOGY ON SOCIETY, INCLUDING AN ENHANCED UNDERSTANDING OF, AND ADVANCEMENT OF, DATA PRIVACY, ONLINE RELATIONSHIPS, AND NEW DIGITAL GOVERNANCE AND DIGITAL SHARED ECONOMIC MODELS.

    Expenses $36,370,545 · Grants $36,370,545

  • PROJECT LIBERTY ORGANIZES AND PARTICIPATES IN REGULAR EVENTS, CONVENINGS AND EDUCATIONAL CAMPAIGNS OF TECHNOLOGISTS, ETHICISTS, LEGAL EXPERTS, ENTREPRENEURS, SOCIAL INNOVATORS AND OTHER EXPERTS IN THE UNITED STATES, UNITED KINGDOM, FRANCE, AND ELSEWHERE TO FOSTER DIALOGUE AND DEVELOP COMPREHENSIVE RECOMMENDATIONS TO EXPLORE AND ADVANCE BETTER MODELS OF DIGITAL ECOSYSTEMS.

    Expenses $893,979 · Grants $250,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Frank McCourt

    PRESIDENT & BOARD MEMBER

    Total calculated
    $0
    Hours/week
    20

  • Joseph Riley

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Joseph White

    SECRETARY

    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.

Grants on this return

  • CORTICO

    $7,325,581

    SUPPORT CORTICO'S DEVELOPMENT AND DEPLOYMENT OF TECHNOLOGIES AND METHODS TO ADVANCE, ACCELERATE, AND INTEGRATE THE REALTALK SYSTEM - A SOCIAL NETWORK DESIGNED FOR AUTHENTIC DIALOGUE, DEEP LISTENING AND CONNECTION - AND ITS TRANSITION TO THE PROJECT LIBERTY DECENTRALIZED SOCIAL NETWORK PROTOCOL (DSNP).

  • MASSACHUSETTS INSTITUTE OF TECHNOLOGY

    $7,325,581

    PROVIDE SUPPORT FOR THE MIT CENTER FOR CONSTRUCTIVE COMMUNICATION'S RESEARCH AND DEVELOPMENT OF TECHNOLOGIES AND METHODS TO ADVANCE, ACCELERATE AND DEPLOY THE REALTALK SYSTEM - A SOCIAL NETWORK DESIGNED FOR AUTHENTIC DIALOGUE, DEEP LISTENING AND CONNECTION.

  • COMMON SENSE MEDIA

    $425,000

    RESEARCH AND DEVELOPMENT OF A PROJECT CURRENTLY KNOWN AS THE "DUTY OF CARE" PROJECT WHICH WILL DELIVER AN ONLINE HARMS MAP AND HAS THE PURPOSE OF ESTABLISHING A DUTY OF CARE STANDARD TO COMPEL SOCIAL MEDIA PLATFORMS TO BE ACCOUNTABLE TO THEIR USERS AND SOCIETY.

  • HETERODOX ACADEMY

    $250,000

    ENABLE THE ORGANIZATION TO HOST DISCUSSIONS BRINGING TOGETHER EDUCATORS FROM MULTIPLE FIELDS WITH TECHNOLOGISTS TO EXPLORE THE EFFECTS OF TECHNOLOGY ON DEMOCRATIC AND EPISTEMIC INSTITUTIONS AS WELL AS CONDUCT A MEMBERSHIP DRIVE TO EXPAND THE ORGANIZATION'S COMMUNITY.

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.

  • DSNPORG LLC

    STEWARD THE DECENTRALIZED SOCIAL NETWORKING PROTOCOL ("DSNP") · DE · income $0 · assets $0

    Directly controlled by PROJECT LIBERTY INC

  • MCCOURT INSTITUTE LLC

    ENSURE FUTURE PRIORITIZATION OF DIGITAL GOVERNANCE OVER THE INTERNET · DE · income $0 · assets $0

    Directly controlled by PROJECT LIBERTY INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PROJECT LIBERTY UK SERVICES LIMITED

    C · PROVIDES ORGANIZATIONAL DEVELOPMENT SERVICES FOR PROJECT LIBERTY INC · UK · 100% owned · share of assets $1,219 · controlled entity

    Directly controlled by PROJECT LIBERTY INC

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202323149349304472

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.