- Revenue 2024
- $21,127,707
- Expenses 2024
- $20,443,149
Program services were 82.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- Classification
- 1200
- Street
- 3434 WASHINGTON BLVD
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 · 2024
Mission
The Institute discovers, develops, and supports students, scholars, and other intellectuals who maintain the highest standard of academic excellence and who share an interest in the principles of the classical liberal tradition.
-
Intellectual Talent Development:Intellectual Talent Development supports work and partnerships that identify, develop, and connect emerging scholars, thinkers, and practitioners who advance ideas that expand human freedom and flourishing.
Expenses $5,540,016 · Grants $2,567,812
-
Liberalism, Pluralism, and Democracy:The Liberalism, Pluralism, and Democracy Initiative advances research and education that strengthen constitutional liberal democracy by promoting individual liberty, pluralism, free expression, and institutions that support peaceful coexistence and self governance.
Expenses $4,236,436 · Grants $814,329 · Revenue $33,944
-
Economic Freedom and Abundance: Economic Freedom and Abundance supports work and partnerships that advance understanding of how economic freedom, markets, and entrepreneurship contribute to innovation, prosperity, and broad based human flourishing.
Expenses $4,031,005 · Grants $841,399 · Revenue $12,694
-
ScholarsEdge:ScholarsEdge provides shared research infrastructure, analytical tools, and collaboration capabilities to help scholars and partner organizations accelerate research, public scholarship, and policy relevant impact.
Expenses $1,850,389 · Grants $333 · Revenue $175,000
-
The Public Affairs Program:The Public Affairs Program seeks to inform alumni, faculty, and supporters about the efforts of the Institute and support the development of a network of faculty, supporters, and nonprofit allies who share an interest in classical liberal ideas.
Expenses $1,116,322 · Grants $1,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Ryan Stowers
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Tyler Cowen
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Brian Hooks
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Rufer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Coyne
Director
- Total calculated
- $0
- Hours/week
- 1
-
James Arthur Pope
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd Zywicki
Director
- Total calculated
- $0
- Hours/week
- 1
-
Virgil Storr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Emily Chamlee-Wright
President & Chief Executive Officer
- Total calculated
- $572,498
- From this org
- $537,300
- From related orgs
- $0
- Other
- $35,198
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $342,300
- Bonus
- $195,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $35,198
- Filer's total
- $572,498
-
Gary Leff
Chief Financial Officer
- Total calculated
- $110,814
- From this org
- $99,836
- From related orgs
- $0
- Other
- $10,978
- Hours/week
- 10
-
Courtney Derr
Executive Director
- Total calculated
- $377,498
- From this org
- $343,650
- From related orgs
- $0
- Other
- $33,848
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $243,650
- Bonus
- $100,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $33,848
- Filer's total
- $377,498
-
Sarah Straw
Chief of Staff
- Total calculated
- $229,434
- From this org
- $201,718
- From related orgs
- $0
- Other
- $27,716
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,718
- Bonus
- $40,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,716
- Filer's total
- $229,434
-
Caroline Phelps
Managing Director of Programs and Partnerships
- Total calculated
- $175,178
- From this org
- $175,000
- From related orgs
- $0
- Other
- $178
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $178
- Filer's total
- $175,178
-
Michael Tolhurst
Managing Dir of Bus Intelligence & Academic Relati
- Total calculated
- $153,519
- From this org
- $153,333
- From related orgs
- $0
- Other
- $186
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,333
- Bonus
- $15,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $186
- Filer's total
- $153,519
-
Adam Wolter
Senior Application Development Engineer
- Total calculated
- $159,397
- From this org
- $146,170
- From related orgs
- $0
- Other
- $13,227
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,170
- Bonus
- $10,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $13,227
- Filer's total
- $159,397
-
Sharifa Ahmed
Director of Human Resources
- Total calculated
- $152,647
- From this org
- $139,150
- From related orgs
- $0
- Other
- $13,497
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,150
- Bonus
- $15,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $13,497
- Filer's total
- $152,647
-
Lindsey Jennings
Director of Development
- Total calculated
- $157,786
- From this org
- $135,151
- From related orgs
- $0
- Other
- $22,635
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,151
- Bonus
- $10,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,635
- Filer's total
- $157,786
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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $21,127,707
- Expenses
- $20,443,149
- Contributions
- $19,673,897
- Grants paid
- $4,224,873
-
2023
- Revenue
- $31,057,023
- Expenses
- $18,205,179
- Contributions
- $29,655,924
- Grants paid
- $3,538,090
-
2022
- Revenue
- $17,158,040
- Expenses
- $18,258,109
- Contributions
- $15,884,481
- Grants paid
- $2,837,843
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
- Revenue
- $20,882,389
- Expenses
- $17,067,802
- Assets (EOY)
- $19,221,469
-
2020 · 990
- Revenue
- $17,706,428
- Expenses
- $16,509,635
- Assets (EOY)
- $15,952,921
-
2019 · 990
- Revenue
- $21,122,878
- Expenses
- $17,003,146
- Assets (EOY)
- $15,087,210
-
2018 · 990
- Revenue
- $19,122,769
- Expenses
- $18,124,605
- Assets (EOY)
- $10,576,746
-
2017 · 990
- Revenue
- $18,706,083
- Expenses
- $18,438,265
- Assets (EOY)
- $9,848,348
-
2017 · 990
- Revenue
- $18,706,083
- Expenses
- $18,438,265
- Assets (EOY)
- $9,848,348
-
2016 · 990
- Revenue
- $17,911,252
- Expenses
- $18,238,447
- Assets (EOY)
- $8,828,805
-
2015 · 990
- Revenue
- $17,440,753
- Expenses
- $15,405,367
- Assets (EOY)
- $9,202,604
-
2014 · 990
- Revenue
- $13,148,796
- Expenses
- $11,590,380
- Assets (EOY)
- $6,925,177
-
2013 · 990
- Revenue
- $11,516,759
- Expenses
- $11,310,800
- Assets (EOY)
- $4,945,849
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. Showing the 10 most recent; the API carries the rest.
Grants made
-
West Virginia University Foundation
$167,000
2023 Student development & education/research grants
-
$134,992
2023 Student development & education/research grants
-
$111,661
2023 Student development & education/research grants
-
$94,000
2022 Student development/education grants
-
$93,000
2024 Student development & education/research grants
-
$82,000
2022 Student development/education grants
-
$61,500
2024 Student development & education/research grants
-
$60,000
2024 Student development & education/research grants
-
$58,300
2023 Student development & education/research grants
-
$55,000
2024 Student development & education/research grants
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$1,035,812
2024 For grant recipient's exempt purposes
-
2023 FOR RECIPIENT'S EXEMPT PURPOSE
-
2022 FOR RECIPIENT'S EXEMPT PURPOSE
-
$203,000
2023 for general operations
-
$179,500
2022 for general operations
-
2023 For grant recipient's exempt purposes
-
2022 For grant recipient's exempt purposes
-
$81,050
2024 for general operations
-
DONOR ADVISED CHARITABLE GIVING
$44,700
2022 EDUCATION
-
COLLIER COMMUNITY FOUNDATION INC
$39,827
2024 EDUCATION
The 10 largest by cash amount. The API serves every itemized grant.
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 on its 2024 return
-
George A Warren Trust UA 09111969 FBO Foundation for Economic Education
501(c)(3) · 509(a)(3) Supporting Organization- See Part VII · NY
Declared as related by
-
GEORGE A WARREN TRUST UA T-14936 FBO SUSAN E WARREN ETAL
On its 2024 return
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 PC.
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 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.