American Institute For Economic Research Inc
- Assets
- $214.4m
- Revenue
- $3.8m
- Investments
- $168.5m
- Employees
- 65
- Location
- Great Barrington, MA
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 04-2121305
Organization Overview
American Institute For Economic Research Inc is located in Great Barrington, MA. The organization was established in 1999. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, American Institute For Economic Research Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Institute For Economic Research Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Institute For Economic Research Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AIER CONDUCTS INDEPENDENT, SCIENTIFIC, ECONOMIC RESEARCH TO EDUCATE INDIVIDUALS, THEREBY ADVANCING THEIR PERSONAL INTERESTS AND THOSE OF THE NATION.
Describe the Organization's Program Activity:
RESEARCH REPORTS AND BULLETINS PREPARATION AND DISTRIBUTION OF PERIODIC ECONOMIC REPORTS AND OCCASIONAL BOOKLETS FOCUSED ON SELECTED TOPICS IN THE AREAS OF FISCAL AND MONETARY ECONOMICS, INCLUDING PERSONAL ECONOMIC ISSUES. THESE ARE DISTRIBUTED TO MEMBERS AND THE GENERAL PUBLIC. DURING 2021, APPROXIMATELY 834,682 INDIVIDUALS, INSTITUTIONS AND PUBLISHERS RECEIVED THE REPORTS AND MORE THAN 7,851,051 READERS VISITED AIER'S WEBSITE.
ACADEMIC PROGRAMS DURING 2021, AIER PROVIDED EDUCATIONAL OPPORTUNITIES FOR OVER 8,200 PARTICIPANTS/ATTENDEES. THROUGH OUR TEACH THE TEACHERS PROGRAM, 175 EDUCATORS SUCCESSFULLY COMPLETED COURSES DEALING WITH PRACTICAL ECONOMIC TOPICS WHICH THEY CAN USE FOR THEIR ESTIMATED 21,000 STUDENTS. THE BASTIAT SOCIETY AT AIER ORGANIZES AND HOSTS EDUCATION EVENTS FOR THE GENERAL BUSINESS COMMUNITY IN 40 CITIES AROUND THE WORLD. DURING THE YEAR, THIS PROGRAM HELD 160 EVENTS ATTRACTING OVER 5,600 PEOPLE. IN ADDITION, AIER WELCOMED 400 STUDENTS, SCHOLARS, AND MEMBERS OF THE PUBLIC TO ITS CAMPUS TO ATTEND VARIOUS COLLOQUIA, WORKSHOPS, AND FORUMS. AIER ALSO HOSTED 22 VISITING RESEARCHERS AND 11 INTERNS. AIER'S SOUND MONEY PROJECT CONDUCTS RESEARCH AND PROMOTES AWARENESS ABOUT MONETARY STABILITY AND FINANCIAL PRIVACY. THE PROJECT IS COMPRISED OF LEADING ACADEMICS AND PRACTITIONERS IN MONEY, BANKING AND MACROECONOMICS. IT OFFERS REGULAR COMMENTARY AND IN-DEPTH ANALYSIS ON MONETARY POLICY, ALTERNATIVE MONETARY SYSTEMS, FINANCIAL MARKETS REGULATIONS, CRYPTOCURRENCIES, AND THE HISTORY OF MONETARY AND MACROECONOMIC THOUGHT. MEMBERS OF THE PROJECT HAVE CONTRIBUTED SEVENTY TWO ARTICLES TO AIER.ORG DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Stringham Until 521 President & Dir. Of Research And Education | Officer | 40 | $311,370 |
Bradley J Devos Interim President | Officer | 40 | $184,427 |
Michele M Kearns Vice President, Finance | Officer | 40 | $182,084 |
Phillip Magness Interim Dir. Of Research And Education | Officer | 40 | $142,917 |
Thomas L Hogan Senior Research Faculty | 40 | $139,457 | |
Robert J Hughes Senior Research Fellow | 40 | $135,693 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Philanthropic Llc Development Consultant | 12/30/21 | $324,471 |
Bruce A Fyfe General Building Contractor | 12/30/21 | $217,688 |
Peter J Del Grande Chef | 12/30/21 | $197,357 |
Cleaning And Beyond - Jeffrey S Sayers Cleaner | 12/30/21 | $114,951 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,162,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,162,351 |
| Total Program Service Revenue | $177,896 |
| Investment income | $553,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$213,282 |
| Net Gain/Loss on Asset Sales | $1,942,724 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,768,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $69,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $899,380 |
| Compensation of current officers, directors, key employees. | $348,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,413,522 |
| Pension plan accruals and contributions | $243,737 |
| Other employee benefits | $512,600 |
| Payroll taxes | $256,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,221 |
| Fees for services: Accounting | $47,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,423 |
| Fees for services: Other | $811,483 |
| Advertising and promotion | $61,557 |
| Office expenses | $127,339 |
| Information technology | $266,372 |
| Royalties | $0 |
| Occupancy | $272,946 |
| Travel | $466,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,200 |
| Insurance | $83,489 |
| All other expenses | $97,298 |
| Total functional expenses | $7,708,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477 |
| Savings and temporary cash investments | $5,658,665 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $569,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $98,023 |
| Net Land, buildings, and equipment | $5,725,679 |
| Investments—publicly traded securities | $32,029,067 |
| Investments—other securities | $168,546,922 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,767,541 |
| Total assets | $214,395,947 |
| Accounts payable and accrued expenses | $711,575 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $94,308,626 |
| Total liabilities | $95,020,201 |
| Net assets without donor restrictions | $45,144,950 |
| Net assets with donor restrictions | $74,230,796 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $214,395,947 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Institute For Economic Research Inc has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Orcas Bay Foundation Tacoma, WA PURPOSE: SCIENCE AND EDUCATION | $6,400 |
Strauss Foundation Incorporated Owings Mills, MD PURPOSE: EDUCATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute For Economic Research Inc Great Barrington, MA | $214,395,947 | $3,768,400 |
The Institute For New Economic Thinking Inc New York, NY | $26,645,757 | $24,831,883 |
Council For Economic Education New York, NY | $5,635,385 | $6,851,531 |
Secured Finance Network Inc New York, NY | $3,073,536 | $3,338,734 |
Sifma Foundation For Investor Education Fie Inc New York, NY | $10,781,139 | $4,561,649 |
Economic Club Of New York New York, NY | $9,916,092 | $3,506,192 |
Center For Economic Growth Albany, NY | $2,002,118 | $2,266,001 |
Applied Economics Clinic Arlington, MA | $422,527 | $1,026,764 |
Schumacher Center For A New Economics Great Barrington, MA | $912,234 | $672,691 |
Institute For Economics And Peace New York, NY | $187,362 | $427,518 |
Mainsail Network Inc New York, NY | $57,987 | $204,862 |
Cloud Institute For Sustainability Education Ancram, NY | $83,303 | $249,374 |