Ludwig Von Mises Institute For Austrian Economics Inc is located in Auburn, AL. The organization was established in 1982. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2022, Ludwig Von Mises Institute For Austrian Economics Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ludwig Von Mises Institute For Austrian Economics 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 12/2022, Ludwig Von Mises Institute For Austrian Economics Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $6.3m during the year ending 12/2022. While expenses have increased by 7.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ECONOMIC THEORIES OF LUDWIG VON MISES, HIS PREDECESSORS AND HIS SUCCESSORS, THROUGH TEACHING PROGRAMS, RESEARCH, FELLOWSHIPS AND SCHOLARLY PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCEMENT OF ECONOMIC SCIENCE THROUGH PUBLICATIONS AND TEACHING PROGRAMS FOR STUDENTS, SCHOLARS AND OTHERS INTERESTED IN ECONOMIC EDUCATION.
TEACHING CONFERENCES, SEMINARS & COLLOQUIA
STUDENT FELLOWSHIP AND RESEARCH GRANTS. SUPPORT OF STUDENTS, FACULTY & POST-DOCTORAL FELLOWS IN ECONOMICS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Llewellyn H Rockwell Jr Chairman | OfficerTrustee | 45 | $239,413 |
Jeffrey E Deist President | OfficerTrustee | 50 | $230,000 |
Patricia O Barnett Vice President | OfficerTrustee | 1 | $0 |
Deborah Ayers Director | Trustee | 0.5 | $0 |
Daniel Ajamian Director | Trustee | 0.5 | $0 |
Steven Berger Director | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $4,985 |
All other contributions, gifts, grants, and similar amounts not included above | $10,805,663 |
Noncash contributions included in lines 1a–1f | $6,451,641 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,810,648 |
Total Program Service Revenue | $222,493 |
Investment income | $409,188 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $12,299 |
Net Gain/Loss on Asset Sales | -$190,561 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $177,721 |
Miscellaneous Revenue | $0 |
Total Revenue | $11,477,273 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $136,718 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $500,375 |
Compensation of current officers, directors, key employees. | $60,045 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,863,693 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $175,970 |
Payroll taxes | $198,313 |
Fees for services: Management | $0 |
Fees for services: Legal | $14,415 |
Fees for services: Accounting | $28,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $60,504 |
Office expenses | $28,343 |
Information technology | $249,181 |
Royalties | $0 |
Occupancy | $42,941 |
Travel | $95,446 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $811,489 |
Interest | $8,000 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $233,945 |
Insurance | $92,974 |
All other expenses | $336,761 |
Total functional expenses | $6,263,299 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,355,326 |
Savings and temporary cash investments | $15,574,643 |
Pledges and grants receivable | $3,245,049 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $165,046 |
Prepaid expenses and deferred charges | $99,139 |
Net Land, buildings, and equipment | $3,931,534 |
Investments—publicly traded securities | $12,372,299 |
Investments—other securities | $0 |
Investments—program-related | $9,435,755 |
Intangible assets | $0 |
Other assets | $359,156 |
Total assets | $50,537,947 |
Accounts payable and accrued expenses | $140,571 |
Grants payable | $0 |
Deferred revenue | $155,389 |
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 | $100,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $23,027 |
Total liabilities | $418,987 |
Net assets without donor restrictions | $47,728,415 |
Net assets with donor restrictions | $2,390,545 |
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 | $50,537,947 |
Organization Name | Assets | Revenue |
---|---|---|
Foundation For Economic Education Inc Atlanta, GA | $16,156,268 | $8,193,047 |
Ludwig Von Mises Institute For Austrian Economics Inc Auburn, AL | $50,537,947 | $11,477,273 |
Georgia Council On Economic Education atlanta, GA | $5,900,591 | $1,187,409 |
Florida Council On Economic Education Inc Tampa, FL | $747,172 | $828,172 |
Alabama Council On Economic Education Inc Birmingham, AL | $140,946 | $152,486 |
Atlantic Economic Society Atlanta, GA | $41,750 | $169,458 |
Leadership Legacy Life Foundation Roswell, GA | $3,865,025 | $1,598,709 |
Ifera Inc Oviedo, FL | $162,203 | $0 |
Southern Agricultural Economics Association Griffin, GA | $325,447 | $0 |
Economic Club Of Tampa Inc Tampa, FL | $54,791 | $0 |
Socionomics Foundation Inc Gainesville, GA | $24,488 | $5,150 |
Foundation For Wealth Building Inc Ormond Beach, FL | $485,376 | $12,938 |