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← LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC

Form 990 for tax year 2024

Filed by LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC.

Totals

Total revenue
$16,563,360
Total expenses
$7,159,247
Contributions and grants received
$14,101,573
Grants paid
$53,893
Program service revenue
$166,796
Investment income
$1,799,327
Other revenue
$495,664
Total assets, end of year
$68,122,791
Total liabilities, end of year
$1,145,536
Net assets or fund balances, end of year
$66,977,255
Program services expenses (Part IX)
$6,604,028
Management and general expenses
$555,219
Fundraising expenses
$0
Program service expenses (Part III)
$6,604,028

Program services were 92.2% 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

    $14,101,573

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

    total $166,796 · related or exempt $166,796

  • 3 · Investment income

    total $1,380,075 · excluded $1,380,075

  • 6a · Gross rents

    real property $70,285

  • 6b · Less rental expenses

    real property $19,486

  • 6c · Rental income or loss

    real property $50,799

  • 6d · Net rental income or loss

    total $50,799 · excluded $50,799

  • 7a · Gross sales of assets other than inventory

    securities $419,252

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

    securities $0

  • 7c · Gain or loss

    securities $419,252

  • 7d · Net gain or loss

    total $419,252 · excluded $419,252

  • 10a · Gross sales of inventory

    $430,544

  • 10b · Cost of goods sold

    $19,157

  • 10c · Net income from sales of inventory

    total $411,387 · related or exempt $411,387

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $33,478 · related or exempt $33,478

  • 11e · Other revenue, total

    $33,478

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $53,893 · program services $53,893

  • 5 · Compensation of officers, directors and key employees

    total $848,748 · program services $848,748

  • 7 · Other salaries and wages

    total $2,103,654 · program services $1,749,366 · management and general $354,288

  • 9 · Other employee benefits

    total $289,447 · program services $254,713 · management and general $34,734

  • 10 · Payroll taxes

    total $206,849 · program services $182,027 · management and general $24,822

  • 11c · Fees: accounting

    total $79,410 · management and general $79,410

  • 11g · Fees: other

    total $44,807 · program services $31,468 · management and general $13,339

  • 14 · Information technology

    total $414,165 · program services $413,438 · management and general $727

  • 16 · Occupancy

    total $90,938 · program services $90,147 · management and general $791

  • 17 · Travel

    total $123,097 · program services $123,097

  • 19 · Conferences, conventions and meetings

    total $852,404 · program services $852,404

  • 20 · Interest

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

  • 22 · Depreciation, depletion and amortization

    total $285,487 · program services $283,005 · management and general $2,482

  • 23 · Insurance

    total $58,460 · program services $33,866 · management and general $24,594

  • 24a · Other expenses: PUBLICATIONS

    total $721,813 · program services $721,813

  • 24b · Other expenses: BOOKSTORE

    total $186,406 · program services $186,406

  • 24c · Other expenses: PUBLICITY

    total $152,017 · program services $152,017

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $145,935 · program services $144,665 · management and general $1,270

  • 24e · All other expenses

    total $493,717 · program services $482,955 · management and general $10,762

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,238,386 · end of year $16,808,775

  • 2 · Savings and temporary cash investments

    beginning of year $14,000,000 · end of year $8,500,000

  • 3 · Pledges and grants receivable

    beginning of year $3,244,475 · end of year $2,269,449

  • 8 · Inventories for sale or use

    beginning of year $298,354 · end of year $339,002

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,168 · end of year $117,043

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

    $9,142,956

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

    $4,725,493

  • 10c · Land, buildings and equipment, net

    beginning of year $4,511,549 · end of year $4,417,463

  • 11 · Investments: publicly traded securities

    beginning of year $14,332,173 · end of year $20,944,597

  • 13 · Investments: program-related

    beginning of year $9,951,234 · end of year $14,447,271

  • 14 · Intangible assets

    end of year $268,916

  • 15 · Other assets

    beginning of year $10,512 · end of year $10,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $249,688 · end of year $398,928

  • 19 · Deferred revenue

    beginning of year $152,381 · end of year $620,826

  • 23 · Secured mortgages and notes payable

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

  • 25 · Other liabilities

    beginning of year $24,585 · end of year $25,782

  • 27 · Net assets without donor restrictions

    beginning of year $51,689,184 · end of year $63,649,777

  • 28 · Net assets with donor restrictions

    beginning of year $2,441,013 · end of year $3,327,478

Mission and programs · 2024

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 $4,235,497 · Revenue $411,387

  • TEACHING CONFERENCES, SEMINARS & COLLOQUIA

    Expenses $2,314,638 · Revenue $166,796

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

    Expenses $53,893 · Grants $53,893 · Revenue $33,478

As filed on the 2024 return.

Listed in Part VII

  • Llewellyn H Rockwell Jr

    CHAIRMAN

    Total calculated
    $215,614
    From this org
    $215,614
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $215,614
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $215,614

  • 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
    $116,880
    From this org
    $116,880
    From related orgs
    $0
    Other
    $0
    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
    $205,186
    From this org
    $205,186
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,186
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $205,186

  • Peter Klein

    DIRECTOR

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    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
    $262,068
    From this org
    $262,068
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,068
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $262,068

  • Kristal Holmes

    EMPLOYEE

    Total calculated
    $132,342
    From this org
    $132,342
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ryan McMaken

    EMPLOYEE

    Total calculated
    $130,342
    From this org
    $130,342
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Parish

    EMPLOYEE

    Total calculated
    $110,462
    From this org
    $110,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Judith Thommesen

    EMPLOYEE

    Total calculated
    $111,601
    From this org
    $111,601
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Melvin Davis

    EMPLOYEE

    Total calculated
    $134,806
    From this org
    $134,806
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349303341

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