Open Markets Institute

Organization Overview

Open Markets Institute is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Open Markets Institute employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Markets Institute 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, Open Markets Institute generated $4.0m in total revenue.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

A TEAM OF JOURNALISTS, RESEARCHERS, LAWYERS, AND ADVOCATES WORKING TOGETHER TO EXPOSE AND REVERSE THE STRANGLEHOLD THAT CORPORATE MONOPOLIES HAVE ON OUR COUNTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FAIR ECONOMY - OPEN MARKETS USES RESEARCH AND JOURNALISM TO EXPOSE THE DANGERS OF MONOPOLIZATION, IDENTIFIES INTERVENTIONS IN POLICY AND LAW TO ADDRESS THEM, AND EDUCATES POLICYMAKERS, ACADEMICS, MOVEMENT GROUPS, AND OTHER INFLUENTIAL STAKEHOLDERS TO RE-ESTABLISH THE COMPETITIVE MARKETS THAT HAVE LONG FORMED THE BEDROCK OF AMERICAN DEMOCRACY. BY COMBINING POLICY, LEGAL, AND MARKET STRUCTURE EXPERTISE WITH SOPHISTICATED COMMUNICATIONS, EDUCATION, AND COALITION-BUILDING EFFORTS, OPEN MARKETS SEEKS NOT ONLY TO HOLD TODAY'S MONOPOLIES ACCOUNTABLE FOR ABUSE OF POWER, BUT TO REBUILD AN ECONOMIC SYSTEM WHERE PROGRESS IS EASIER TO ACHIEVE, BECAUSE POWER IS FAR MORE WIDELY AND EQUITABLY DISTRIBUTED.


INTERNATIONAL SYSTEMS - PUBLIC POLICIES THAT AFFECT THE TERMS OF TRADE WITH OTHER NATIONS, INCLUDING TARIFFS, HAVE PROFOUND EFFECTS ON THE STRUCTURE OF MARKETS, RANGING FROM UNWARRANTED PROTECTION FOR DOMESTIC MONOPOLIES TO THE PROMOTION OF TRANSNATIONAL TRADING COMPANIES THAT EXPLOIT LABOR, EVADE ENVIRONMENTAL STANDARDS, AND CREATE DANGEROUSLY OVEREXTENDED SUPPLY CHANNELS. AT THE SAME TIME TRADE POLICY PLAYS AN IMPORTANT ROLE IN STRENGTHENING OR WEAKENING AMERICA'S GEOPOLITICAL POSITION IN THE WORLD, MAKING TRADE, COMPETITION POLICY, AND NATIONAL SECURITY INTRINSICALLY LINKED.


TECHNOLOGY AND DEMOCRACY - SINCE OUR LAUNCH AS AN INDEPENDENT ORGANIZATION, THE OPEN MARKETS TEAM HAS FOCUSED ON SOUNDING THE ALARM ON THE MONOPOLISTIC PRACTICES AND HARMS OF FACEBOOK, GOOGLE, AND AMAZON. WE ARE EXCITED TO SEE THAT THIS IS NOW A PART OF THE NATIONAL DEBATE AND THE MOMENTUM FOR ACTION. WHILE WE CONTINUE TO FOCUS OUR EFFORTS ON ENSURING STRUCTURAL REMEDIES ARE APPLIED TO THE HARMS OF THESE PLATFORM MONOPOLIES, WE PLAN TO SIGNIFICANTLY EXPAND OUR WORK ON TECHNOLOGY AND POWER BEYOND THE THREE BIG PLATFORMS. THE MISSION OF THE TECHNOLOGY & POWER PROGRAM IS TO ENSURE THAT NEW TECHNOLOGIES ALWAYS SERVE THE INTEREST OF THE PUBLIC AS A WHOLE AND CANNOT BE USED TO CONCENTRATE DANGEROUS DEGREES OF POWER AND CONTROL OVER THE ACTIONS OR THOUGHTS OF INDIVIDUALS, GROUPS, OR ENTIRE SOCIETIES.


COMPETITION LAW AND PHILOSOPHY - OPEN MARKETS SEEKS TO ACCELERATE SHAPING THE DIRECTION OF THE LAW THROUGH RESEARCH AND THE FILING OF AMICUS BRIEFS AND COMMENT LETTERS AND PETITIONS TO FEDERAL AGENCIES IN ANTITRUST CASES AND OTHER COMPETITION POLICY MATTERS. THIS WORK HAS ALREADY HAD INFLUENCE. WE HAVE ALSO SEEN CONSIDERABLE SUCCESS IN DRIVING ACTION THROUGH OUR STATE ATTORNEYS GENERAL PROGRAM AS SEEN IN THE TWO MAJOR INVESTIGATIONS ANNOUNCED INTO GOOGLE AND FACEBOOK. IN ADDITION, WE HAVE ALSO WORKED WITH STATE OFFICES ON ISSUES RELATED TO AGRICULTURE, LABOR, AND HEALTHCARE.


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Board, Officers & Key Employees

Name (title)Compensation
Barry Lynn
Executive Director
$171,922
Christy Hoffman
Director
$0
Marcellus Andrews
Director
$0
Joe Maxwell
Director
$0
Laura Quinn
Director
$0
Rana Foroohar
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Beth Grupp Associates
Fundraising Consulting
$132,500
Np Consulting Inc
Consulting
$211,235
View All Vendors

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$3,953,730
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,953,730
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,953,730

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