American Institute For Economic Research Inc
- Assets
- $193.9m
- Revenue
- $4.8m
- Investments
- $150.8m
- Employees
- 68
- Location
- Great Barrington, MA
- Founding
- 03/1999
- Data as of
- 12/2023
- 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 12/2023, American Institute For Economic Research Inc employed 68 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 12/2023, American Institute For Economic Research Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $9.3m during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AIER CONDUCTS INDEPENDENT, SCIENTIFIC, ECONOMIC RESEARCH TO EDUCATE PEOPLE, 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 2023, APPROXIMATELY 624,732 INDIVIDUALS, INSTITUTIONS AND PUBLISHERS RECEIVED THE REPORTS AND MORE THAN 3,486,000 READERS VISITED AIER'S WEBSITE.
ACADEMIC PROGRAMS - DURING 2023, AIER PROVIDED EDUCATIONAL OPPORTUNITIES FOR OVER 5,119 PARTICIPANTS/ATTENDEES. THROUGH OUR TEACH THE TEACHERS PROGRAM, 101 EDUCATORS SUCCESSFULLY COMPLETED COURSES DEALING WITH PRACTICAL ECONOMIC TOPICS WHICH THEY CAN USE FOR THEIR ESTIMATED 12,037 STUDENTS. THE BASTIAT SOCIETY AT AIER ORGANIZES AND HOSTS EDUCATION EVENTS FOR THE GENERAL BUSINESS COMMUNITY IN 31 CITIES AROUND THE WORLD. DURING THE YEAR, THIS PROGRAM HELD 126 EVENTS ATTRACTING OVER 4,410 PEOPLE. IN ADDITION, AIER WELCOMED 560 STUDENTS, SCHOLARS, AND MEMBERS OF THE PUBLIC TO ITS CAMPUS TO ATTEND VARIOUS COLLOQUIA, WORKSHOPS, AND FORUMS. AIER ALSO HOSTED 36 VISITING RESEARCHERS AND 16 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 88 ARTICLES TO AIER.ORG DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory M Van Kipnis Chair | OfficerTrustee | 10 | $0 |
Stephen C Miller Secretary (thru 8/23) | OfficerTrustee | 10 | $0 |
Frederick C Harwood Secretary (as Of 8/23) | OfficerTrustee | 10 | $0 |
Terry W Anker Trustee | Trustee | 5 | $0 |
Katherine H Delay Trustee | Trustee | 5 | $0 |
Latimer B Eddy Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Philanthropic Llc Development Consultant | 12/30/23 | $222,756 |
Peter J Del Grande Chef | 12/30/23 | $172,190 |
Cleaning And Beyond Cleaner | 12/30/23 | $113,689 |
Cliftonlarsonallen Llp Auditor | 12/30/23 | $101,750 |
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 | $2,703,669 |
| Noncash contributions included in lines 1a–1f | $329,872 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,703,669 |
| Total Program Service Revenue | $446,190 |
| Investment income | $882,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$337,825 |
| Net Gain/Loss on Asset Sales | $1,024,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,819,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,060 |
| Grants and other assistance to Foreign Orgs/Individuals | $39,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,255,020 |
| Compensation of current officers, directors, key employees. | $158,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,885,796 |
| Pension plan accruals and contributions | $95,550 |
| Other employee benefits | $446,438 |
| Payroll taxes | $280,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,219 |
| Fees for services: Accounting | $57,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,718 |
| Fees for services: Other | $1,138,322 |
| Advertising and promotion | $30,591 |
| Office expenses | $139,320 |
| Information technology | $298,136 |
| Royalties | $0 |
| Occupancy | $239,760 |
| Travel | $1,257,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,854 |
| Insurance | $105,565 |
| All other expenses | $25,528 |
| Total functional expenses | $9,251,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553 |
| Savings and temporary cash investments | $5,864,200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $523,264 |
| 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 | $99,997 |
| Net Land, buildings, and equipment | $5,419,722 |
| Investments—publicly traded securities | $29,294,993 |
| Investments—other securities | $150,786,477 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,891,247 |
| Total assets | $193,880,453 |
| Accounts payable and accrued expenses | $483,390 |
| 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 | $81,488,650 |
| Total liabilities | $81,972,040 |
| Net assets without donor restrictions | $34,979,596 |
| Net assets with donor restrictions | $76,928,817 |
| 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 | $193,880,453 |