Totals
- Total revenue
- $4,837,462
- Total expenses
- $1,973,209
- Contributions and grants received
- $3,189,523
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,647,939
- Other revenue
- $0
- Total assets, end of year
- $39,250,771
- Total liabilities, end of year
- $42,956
- Net assets or fund balances, end of year
- $39,207,815
- Program services expenses (Part IX)
- $1,220,096
- Management and general expenses
- $498,759
- Fundraising expenses
- $254,354
- Program service expenses (Part III)
- $1,220,096
Program services were 61.8% 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
$3,189,523
-
3 · Investment income
total $1,337,914 · excluded $1,337,914
-
7a · Gross sales of assets other than inventory
securities $4,435,865
-
7b · Less cost or other basis and sales expenses
securities $4,125,840
-
7c · Gain or loss
securities $310,025
-
7d · Net gain or loss
total $310,025 · excluded $310,025
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $614,445 · program services $414,386 · management and general $70,483 · fundraising $129,576
-
7 · Other salaries and wages
total $624,640 · program services $415,801 · management and general $140,161 · fundraising $68,678
-
9 · Other employee benefits
total $3,333 · program services $1,595 · management and general $1,357 · fundraising $381
-
10 · Payroll taxes
total $84,801 · program services $56,817 · management and general $14,416 · fundraising $13,568
-
11b · Fees: legal
total $7,846 · program services $7,567 · management and general $144 · fundraising $135
-
11c · Fees: accounting
total $92,924 · management and general $92,924
-
11f · Fees: investment management
total $122,114 · management and general $122,114
-
13 · Office expenses
total $60,924 · program services $57,075 · management and general $1,983 · fundraising $1,866
-
14 · Information technology
total $34,012 · program services $34,012
-
16 · Occupancy
total $58,432 · program services $39,150 · management and general $9,933 · fundraising $9,349
-
17 · Travel
total $10,833 · program services $1,714 · management and general $9,119
-
22 · Depreciation, depletion and amortization
total $84,702 · program services $56,750 · management and general $14,400 · fundraising $13,552
-
23 · Insurance
total $20,015 · program services $13,410 · management and general $3,403 · fundraising $3,202
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $87,795 · program services $58,823 · management and general $14,925 · fundraising $14,047
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $26,166 · program services $23,972 · management and general $2,194
-
24c · Other expenses: BRIEFS
total $23,594 · program services $23,594
-
24d · Other expenses: OTHER EXPENSES
total $15,430 · program services $15,430
-
24e · All other expenses
total $1,203 · management and general $1,203
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,155,264 · end of year $953,705
-
2 · Savings and temporary cash investments
beginning of year $10,538,375 · end of year $12,739,375
-
3 · Pledges and grants receivable
beginning of year $353,192 · end of year $296,770
-
4 · Accounts receivable
beginning of year $3,933 · end of year $1,288
-
9 · Prepaid expenses and deferred charges
beginning of year $32,158 · end of year $56,462
-
10a · Land, buildings and equipment: cost or other basis
$4,566,690
-
10b · Land, buildings and equipment: accumulated depreciation
$2,546,120
-
10c · Land, buildings and equipment, net
beginning of year $1,982,111 · end of year $2,020,570
-
11 · Investments: publicly traded securities
beginning of year $19,505,214 · end of year $21,233,950
-
12 · Investments: other securities
beginning of year $1,395,227 · end of year $1,449,338
-
15 · Other assets
beginning of year $474,587 · end of year $499,313
-
17 · Accounts payable and accrued expenses
beginning of year $30,591 · end of year $23,699
-
25 · Other liabilities
beginning of year $19,257 · end of year $19,257
-
27 · Net assets without donor restrictions
beginning of year $34,835,591 · end of year $38,418,402
-
28 · Net assets with donor restrictions
beginning of year $554,622 · end of year $789,413
Mission and programs · 2024
Mission
THE FOUNDATION WORKS WITH OUR LEGAL SYSTEM TO MAINTAIN BALANCE IN THE COURTS AND HELP OUR GOVERNMENT STRENGTHEN AMERICA'S FREE ENTERPRISE SYSTEM. THE FOUNDATION CHAMPIONS FREE MARKET PRINCIPLES, INDIVIDUAL RIGHTS, BUSINESS CIVIL LIBERTIES AND LEGAL ETHICS. IT SERVES THE PUBLIC INTEREST THROUGH LITIGATION AND REPRESENTATION, LEGAL PUBLIC POLICY ANALYSIS, INTERN PROGRAMS, RESEARCH AND BRIEFS, WEB SEMINARS, MONOGRAPHS, EDUCATIONAL MATERIALS, MEDIA BRIEFINGS AND EDUCATIONAL VIDEO COMMENTARIES. THE FOUNDATION ACCOMPLISHES ITS MISSION BY SHAPING PUBLIC POLICY THROUGH LITIGATION AND ADVOCACY, PUBLISHING TIMELY LEGAL STUDIES AND EDUCATING POLICY-MAKERS AND PUBLIC THROUGH EXTENSIVE COMMUNICATIONS OUTREACH.
Activities or mission (Part I)
THE FOUNDATION WORKS WITH OUR LEGAL SYSTEM TO MAINTAIN BALANCE IN THE COURTS AND STRENGTHEN AMERICA'S FREE ENTERPRISE SYSTEM.
-
LITIGATION, LEGAL PUBLIC POLICY ANALYSIS, CLINICAL LEGAL INTERN PROGRAM, BRIEFS AND RESEARCH DOCUMENTS, PUBLIC LEGAL ISSUES, MONOGRAPH SERIES, EDUCATIONAL LEGAL STUDIES, NINE DIFFERENT PUBLICATION FORMATS, MEDIA BRIEFINGS, WEB SEMINARS, AND EDUCATIONAL VIDEO COMMENTARIES.
Expenses $1,220,096
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Constance C LarcherCONSTANCE C LARCHER
CHAIR / PRESIDENT
- Total calculated
- $162,529
- From this org
- $148,207
- From related orgs
- $0
- Other
- $14,322
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,457
- Bonus
- $6,750
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,322
- Filer's total
- $162,529
-
Michael HickeyMICHAEL HICKEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dustin J DevaneyDUSTIN J DEVANEY
TREASURER / SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Matthey HumphreyMATTHEY HUMPHREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David McPhersonDAVID MCPHERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Glenn G LammiGLENN G LAMMI
EXEC DIR / VP LEGAL STUDIES
- Total calculated
- $318,016
- From this org
- $318,016
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $302,872
- Bonus
- $15,144
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $318,016
-
Sheila BrantleySHEILA BRANTLEY
CHIEF OPEARTING OFFICER
- Total calculated
- $133,900
- From this org
- $133,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
-
Cory L AndrewsCORY L ANDREWS
GENERAL COUNSEL / VP LITIGATION
- Total calculated
- $312,845
- From this org
- $312,752
- From related orgs
- $0
- Other
- $93
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $297,857
- Bonus
- $14,895
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $93
- Filer's total
- $312,845
-
John MasslonJOHN MASSLON
SENIOR LITIGATION COUNSEL
- Total calculated
- $167,350
- From this org
- $163,997
- From related orgs
- $0
- Other
- $3,353
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,997
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,353
- Filer's total
- $167,350
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 · Form 990 of other organizations
- 3 · Written employment contract
- 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
- 6 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543149349300919
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