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 12/2021, Open Markets Institute employed 27 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 12/2021, Open Markets Institute generated $2.7m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Barry Lynnn Executive Director | Officer | 40 | $167,816 |
Phillip J Longman Policy Director | 40 | $160,832 | |
Sarah M Hubbard Director Of Enforcement St | 40 | $159,249 | |
Sandeep Vaheesan Legal Director | 40 | $143,515 | |
Jody Brannon Director, Center For Journ | 40 | $142,783 | |
Gina Salerno Director Of Development | 40 | $118,654 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Beth Grupp Associates Fundraising Consulting | 12/30/20 | $132,500 |
Np Consulting Inc Consulting | 12/30/20 | $211,235 |
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 | $2,746,577 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,746,577 |
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 | $2,746,577 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $206,504 |
Compensation of current officers, directors, key employees. | $35,106 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,686,493 |
Pension plan accruals and contributions | $48,857 |
Other employee benefits | $202,074 |
Payroll taxes | $152,989 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,155 |
Fees for services: Accounting | $33,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $105,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $159,174 |
Advertising and promotion | $0 |
Office expenses | $18,505 |
Information technology | $67,459 |
Royalties | $0 |
Occupancy | $143,619 |
Travel | $14,877 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $23,456 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,513 |
Insurance | $7,825 |
All other expenses | $0 |
Total functional expenses | $2,909,288 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,785,821 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $243,114 |
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 | $0 |
Prepaid expenses and deferred charges | $900 |
Net Land, buildings, and equipment | $5,877 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,750 |
Total assets | $2,043,462 |
Accounts payable and accrued expenses | $169,314 |
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 | $0 |
Total liabilities | $169,314 |
Net assets without donor restrictions | $1,197,859 |
Net assets with donor restrictions | $676,289 |
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 | $2,043,462 |
Over the last fiscal year, we have identified 9 grants that Open Markets Institute has recieved totaling $906,011.
Awarding Organization | Amount |
---|---|
The Nathan Cummings Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $300,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $150,000 |
Omidyar Network Fund Inc Redwood City, CA PURPOSE: TO SUPPORT GRANTEE'S EDUCATIONAL EFFORTS ON THE HARMS OF TECH MONOPOLIES | $150,000 |
Economic Security Project Inc New York, NY PURPOSE: WE AIM TO BUILD COALITIONS THAT DRAW IN DIVERSE NEW STAKEHOLDERS, DEVELOP AND ELEVATE ACTIONABLE POLICY SOLUTIONS ROOTED IN A CORPORATE POWER ANALYSIS, AND FEED INTO TO THE OVERALL NARRATIVE THAT CONCENTRATED CORPORATE POWER IS INCOMPATIBLE WITH BROAD-BASED PROSPERITY AND A RESILIENT, INCLUSIVE DEMOCRACY.. | $100,000 |
Wallace Global Fund Ii Washington, DC PURPOSE: SUPPORT FOR CLIMATE AND ENERGY POLICY AND ADVOCACY | $85,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR EDUCATING POLICYMAKERS ON WAYS TO REDUCE BARRIERS TO ENTREPRENEURSHIP. 201812-5678 | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |
Anne Arundel Community College Foundation Inc Arnold, MD | $29,078,784 | $4,871,771 |
Success For All Foundation Inc Baltimore, MD | $3,571,160 | $7,960,925 |
American Constitution Society For Law And Policy Washington, DC | $6,124,680 | $5,609,154 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |
Qm Quality Matters Annapolis, MD | $7,257,264 | $7,473,612 |