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ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION

EIN 94-3463771 CHAMPAIGN, IL

Revenue 2025
$136,597
Expenses 2025
$201,060

Program services were 56.4% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B19
Classification
1200
Street
907 MARKETVIEW DRIVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Primary exempt purpose

THE ACADEMY SUPPORTS SCHOLARLY RESEARCH AND TEACHING ABOUT THE AUTHORS AND IDEAS OF FREEMARKET, ENTREPRENEURSHIP, INDIVIDUAL RIGHTS, INDIVIDUAL RESPONSIBILITY, LIMITED GOVERNMENT, AND PEACE. THE ACADEMY IS A SUPPORTING ORGANIZATION THAT PROVIDES GRANTS FOR PROGRAMS, RESEARCH, AND ACTIVITIES AT THE UNIVERSITY OF ILLINOIS.

  • PROVIDING PHILANTHROPIC INVESTMENT IN PROGRAMS WHICH COMPORT WITH THE ACADEMY MISSION AND EXPRESSED DONOR INTENT AND THE TEACHING, RESEARCH AND SERVICE MISSIONS OF THE UNIVERSITY.

    Expenses $113,477

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Perry Albin

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Don Altorfer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lou Friedrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Hecker

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Alexander McCobin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Vermette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Kline

    EXECUTIVE DIRECTOR

    Total calculated
    $43,750
    Compensation
    $43,750
    Benefit plans
    $0
    Expense account
    $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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $136,597
    Expenses
    $201,060
    Contributions
    $136,511
    Grants paid
    not reported
  • 2024
    Revenue
    $238,786
    Expenses
    $252,378
    Contributions
    $238,786
    Grants paid
    $0
  • 2023
    Revenue
    $183,070
    Expenses
    $104,853
    Contributions
    $183,070
    Grants paid
    not reported
  • 2022
    Revenue
    $104,594
    Expenses
    $177,463
    Contributions
    $104,594
    Grants paid
    not reported

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990-EZ

    Revenue
    $107,000
    Expenses
    $220,335
    Assets (EOY)
    $75,217
  • 2020 · 990

    Revenue
    $219,010
    Expenses
    $245,048
    Assets (EOY)
    $192,267
  • 2014 · 990

    Revenue
    $438,950
    Expenses
    $409,966
    Assets (EOY)
    $161,195
  • 2013 · 990

    Revenue
    $382,035
    Expenses
    $356,269
    Assets (EOY)
    $132,211
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $329,660
    Assets (EOY)
    $112,012
  • 2011 · 990

    Revenue
    not reported
    Expenses
    $402,940
    Assets (EOY)
    $241,735
  • 2010 · 990

    Revenue
    not reported
    Expenses
    $94,612
    Assets (EOY)
    $242,568

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.