Ludwig Institute For Shared Economic Progress
- Assets
- $243.8k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 86-1970328
Organization Overview
Ludwig Institute For Shared Economic Progress is located in Washington, DC. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ludwig Institute For Shared Economic Progress is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Ludwig Institute For Shared Economic Progress generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. 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
IMPROVE THE ECONOMIC WELL-BEING OF MIDDLE- AND LOWER-INCOME AMERICANS THROUGH RESEARCH, EDUCATION, POLICY, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC RESEARCH AND ANALYSIS - LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY ("LISEP") CONDUCTED ECONOMIC RESEARCH AND ANALYSIS TO STUDY THE FINANCIAL WELL-BEING OF LOWER- AND MIDDLE-INCOME AMERICANS: THE PURPOSE OF THE RESEARCH WAS TO IDENTIFY GAPS IN CURRENT ECONOMIC STATISTICS AND TO PROPOSE AND PUBLISH ALTERNATIVE METRICS THAT PROVIDE A MORE NUANCED VIEW OF ECONOMIC TRENDS, WITH AN EMPHASIS ON THE DAILY REALITIES THAT THIS POPULATION FACES.
PUBLISHING AND DISSEMINATING ECONOMIC RESEARCH AND ANALYSIS: THE MAIN GOAL IS TO ALLOW FOR THE ECONOMIC RESEARCH AND ANALYSIS TO BE WIDELY AVAILABLE TO THOUGHT LEADERS, ECONOMIC EXPERTS, POLICYMAKERS, PUBLIC OFFICIALS, AND THE GENERAL PUBLIC. THE FORMS OF MEDIA WHERE THE FINDINGS WOULD BE INCLUDE ARTICLES, NEWSLETTERS, AND LISEP'S WEBSITE AS WELL AS NEWS MEDIA, ACADEMIC JOURNALS, PODCASTS, ETC. LISEP HOPES THAT THE PUBLICATION OF NEW STATISTICS WILL LEAD TO TRACTION AMONGST RELEVANT AUDIENCES SO THEY WILL BETTER UNDERSTAND THE ECONOMIC PREDICAMENT OF LOW- AND MIDDLE-INCOME AMERICANS.
PROVIDE GRANTS TO NONPROFIT INSTITUTIONS THAT HELP LOW- AND MIDDLE-INCOME PEOPLE SUCCEED IN LIFE. LISEP SOUGHT TO GRANT FUNDING TO A COUPLE OF NONPROFIT INSTITUTIONS THAT COULD MEANINGFULLY HELP PEOPLE IN NEED OF A LOW-INTEREST SMALL BUSINESS LOAN OR WHO NEEDED GAP FUNDING TO BE ABLE TO CONTINUE WITH A SKILLS TRAINING COURSE AT A COMMUNITY COLLEGE. THE PURPOSE OF THE COURSE IS TO GAIN THE SKILLS FOR BETTER-PAYING EMPLOYMENT BUT SOME STUDENTS CANNOT GO THROUGH WITH THE TRAINING IF THEY DON'T HAVE FUNDING FOR FOOD AND BILLS, WHICH IS WHAT THE LISEP FUNDING IS INTENDED FOR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Ludwig Director, President | OfficerTrustee | 1 | $0 |
Carol Ludwig Director, Secretary | OfficerTrustee | 1 | $0 |
Catherine Kaplun Director, Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gps Impact Media Services | 12/30/22 | $127,500 |
Lincoln Park Strategies Research/data Srvcs | 12/30/22 | $184,091 |
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 | $1,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,000 |
| 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 | $1,000,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $148,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,211,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $815,570 |
| Fees for services: Legal | $8,332 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,915 |
| Travel | $26,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,348,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,439 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $40,733 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,665 |
| Total assets | $243,837 |
| Accounts payable and accrued expenses | $124,140 |
| 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 | $1,506,651 |
| Total liabilities | $1,630,791 |
| Net assets without donor restrictions | -$1,386,954 |
| Net assets with donor restrictions | $0 |
| 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 | $243,837 |