Project Liberty Institute
- Assets
- $1.3m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 87-3213298
Organization Overview
Project Liberty Institute is located in New York, NY. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Liberty 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, Project Liberty Institute generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 66.1% each year . All expenses for the organization totaled $39.1m 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
TO PROMOTE THE ADVANCEMENT AND USE OF INFORMATION TECHNOLOGY FOR THE COMMON GOOD OF HUMANITY IN SUPPORT OF SUSTAINABLE DEMOCRACY AND A MORE EQUITABLE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT LIBERTY PROVIDES FUNDING FOR RESEARCH AND TECHNOLOGY PROJECTS THAT FURTHER THE EDUCATION OF THE PUBLIC AND THE SCIENTIFIC COMMUNITY'S UNDERSTANDING OF THE IMPACT OF TECHNOLOGY ON SOCIETY, INCLUDING AN ENHANCED UNDERSTANDING OF, AND ADVANCEMENT OF, DATA PRIVACY, ONLINE RELATIONSHIPS, AND NEW DIGITAL GOVERNANCE AND DIGITAL SHARED ECONOMIC MODELS.
PROJECT LIBERTY ORGANIZES AND PARTICIPATES IN REGULAR EVENTS, CONVENINGS AND EDUCATIONAL CAMPAIGNS OF TECHNOLOGISTS, ETHICISTS, LEGAL EXPERTS, ENTREPRENEURS, SOCIAL INNOVATORS AND OTHER EXPERTS IN THE UNITED STATES, UNITED KINGDOM, FRANCE, AND ELSEWHERE TO FOSTER DIALOGUE AND DEVELOP COMPREHENSIVE RECOMMENDATIONS TO EXPLORE AND ADVANCE BETTER MODELS OF DIGITAL ECOSYSTEMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Mccourt President & Board Member | OfficerTrustee | 20 | $0 |
Joseph Riley Treasurer | Officer | 5 | $0 |
Joseph White Secretary | Officer | 5 | $0 |
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 | $13,800,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,800,000 |
| 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 | $13,800,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,326,162 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $21,294,383 |
| 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 | $109,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,959 |
| Payroll taxes | $9,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,247 |
| Fees for services: Accounting | $3,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,746,236 |
| Advertising and promotion | $10,658 |
| Office expenses | $31,719 |
| Information technology | $14,893 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $169,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,473 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $39,098,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,183,689 |
| 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 | $26,176 |
| Net Land, buildings, and equipment | $42,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,235 |
| Total assets | $1,261,127 |
| Accounts payable and accrued expenses | $191,318 |
| Grants payable | $45,936,162 |
| 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 | $46,127,480 |
| Net assets without donor restrictions | -$44,866,353 |
| 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 | $1,261,127 |
Grants Awarded
Over the last fiscal year, Project Liberty Institute has awarded $15,326,162 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CORTICO PURPOSE: SUPPORT CORTICO'S DEVELOPMENT AND DEPLOYMENT OF TECHNOLOGIES AND METHODS TO ADVANCE, ACCELERATE, AND INTEGRATE THE REALTALK SYSTEM - A SOCIAL NETWORK DESIGNED FOR AUTHENTIC DIALOGUE, DEEP LISTENING AND CONNECTION - AND ITS TRANSITION TO THE PROJECT LIBERTY DECENTRALIZED SOCIAL NETWORK PROTOCOL (DSNP). | $7,325,581 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: PROVIDE SUPPORT FOR THE MIT CENTER FOR CONSTRUCTIVE COMMUNICATION'S RESEARCH AND DEVELOPMENT OF TECHNOLOGIES AND METHODS TO ADVANCE, ACCELERATE AND DEPLOY THE REALTALK SYSTEM - A SOCIAL NETWORK DESIGNED FOR AUTHENTIC DIALOGUE, DEEP LISTENING AND CONNECTION. | $7,325,581 |
HETERODOX ACADEMY PURPOSE: ENABLE THE ORGANIZATION TO HOST DISCUSSIONS BRINGING TOGETHER EDUCATORS FROM MULTIPLE FIELDS WITH TECHNOLOGISTS TO EXPLORE THE EFFECTS OF TECHNOLOGY ON DEMOCRATIC AND EPISTEMIC INSTITUTIONS AS WELL AS CONDUCT A MEMBERSHIP DRIVE TO EXPAND THE ORGANIZATION'S COMMUNITY. | $250,000 |
COMMON SENSE MEDIA PURPOSE: RESEARCH AND DEVELOPMENT OF A PROJECT CURRENTLY KNOWN AS THE "DUTY OF CARE" PROJECT WHICH WILL DELIVER AN ONLINE HARMS MAP AND HAS THE PURPOSE OF ESTABLISHING A DUTY OF CARE STANDARD TO COMPEL SOCIAL MEDIA PLATFORMS TO BE ACCOUNTABLE TO THEIR USERS AND SOCIETY. | $425,000 |