Independent Institute
- Assets
- $9.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 23
- Location
- Oakland, CA
- Founding
- 05/1986
- Data as of
- 06/2021
- EIN
- 94-3008370
Organization Overview
Independent Institute is located in Oakland, CA. The organization was established in 1986. 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. As of 06/2021, Independent Institute employed 23 individuals. This organization is the central organization for a national or regional group of organizations. Independent 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 06/2021, Independent Institute generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $4.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE PEACEFUL, PROSPEROUS, & FREE SOCIETIES GROUNDED IN A COMMITMENT TO HUMAN WORTH & DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARKING ENTREPRENEURSHIP & INNOVATION: INDEPENDENT REVERSES GOVERNMENT GROWTH BY SPOTLIGHTING WRONGDOING AND OFFERING PRACTICAL, TECH-FORWARD SOLUTIONS GROUNDED IN NATURAL LAW. WE GENERATE SOLUTIONS IN BUSINESS, HOUSING, HEALTHCARE, ENTITLEMENTS, THE ENVIRONMENT, AND GLOBAL PROSPERITY. OUR CALIFORNIA GOLDEN FLEECE AWARDS, AWARD-WINNING BOOKS, STUDIES, SPANISH WEBSITE, AND MULTI-MEDIA CAMPAIGNS SHARE OUR SOLUTIONS WITH CIVIC LEADERS, THE MEDIA, AND THE PUBLIC. OUR WORK HAS BEEN INTRODUCED IN NATIONAL LEGISLATION, CONTRIBUTED TO THE ELIMINATION OF THE INDIVIDUAL HEALTHCARE MANDATE, MOTIVATED REFORM IN THE CALIFORNIA DEPARTMENT OF WATER RESOURCES AND DEPARTMENT OF FORESTRY AND FIRE PREVENTION, AND HAS BEEN SIGNED INTO LAW IN CALIFORNIA.
DEFENDING CIVIL LIBERTIES: INDEPENDENT REMINDS THE PUBLIC, MEDIA, AND CIVIC LEADERS ABOUT CONSTITUTIONAL LIMITS ON GOVERNMENT AND THE CIVIL LIBERTIES THOSE LIMITS PROTECT. OUR PRINCIPLED, PEER-REVIEWED RESEARCH CRITICALLY REVIEWS POLICIES AND APPROACHES TO TORT LIABILITY, CRIMINAL JUSTICE, CONSTITUTIONAL LAW, PROPERTY RIGHTS, CIVIL LIBERTIES, FOREIGN POLICY, AND HUMAN MORALITY TO PRESERVE AND EXPAND INDIVIDUAL LIBERTY. OUR RESEARCH AND SOLUTIONS ARE DISSEMINATED THROUGH AWARD-WINNING BOOKS, STUDIES, EVENTS, REGIONAL AND NATIONAL MULTI-MEDIA CAMPAIGNS, AND HAVE INSPIRED LEGISLATIVE TESTIMONY BEFORE A U.S. HOUSE COMMITTEE, SENATE JUDICIARY COMMITTEE, AND HAVE BEEN CITED MULTIPLE TIMES BY THE U.S. SUPREME COURT.
EDUCATING THE NEXT GENERATION: INDEPENDENT ENGAGES AND INSPIRES YOUNG PEOPLE AND PARENTS WITH THE PRINCIPLES OF LIBERTY, AND EMPOWERS PARENTS TO SELECT THE BEST EDUCATION FOR THEIR CHILDREN. OUR SATIRICAL YOUTUBE SERIES, LOVE GOV, APPLIES FREE-MARKET THINKING TO HOUSING, EMPLOYMENT, HEALTHCARE, EDUCATION, AND PRIVACY, AND HAS ACHIEVED WELL OVER 7.4 MILLION VIEWS PRIMARILY FROM MILLENNIALS. THIS YEAR, WE LAUNCH LOVE GOV SEASON TWO WITH A COMPLEMENTARY WEBSITE AND SOCIAL MEDIA PORTFOLIO. OUR INTERNSHIPS AND YOUTH-FOCUSED EVENTS OFFER HANDS-ON LEARNING, AND OUR EFFORTS TO BUILD AWARENESS FOR SCHOOL CHOICE, AFFORDABLE PRIVATE SCHOOL MODELS, AND HIGHER EDUCATION REFORMS ARE EXPANDING EDUCATIONAL OPPORTUNITY FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Williamson Evers Senior Fellow | 40 | $179,580 | |
Graham Walker Executive Director | Officer | 40 | $177,878 |
Ivan Eland Senior Fellow | 40 | $131,328 | |
Lawrence J Mcquillan Senior Fellow | 40 | $117,621 | |
Carla Zuber Senior Director Of Advancement | 40 | $109,372 | |
Martin Buerger CFO - Thru 10/2020 | Officer | 16 | $8,728 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stephen Halbrook Senior Fellow | 6/29/21 | $350,000 |
Four Star Printing Printing | 6/29/21 | $181,141 |
Spence Media Publicity | 6/29/21 | $102,000 |
Emergent Order Creative Services | 6/29/21 | $112,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,112,328 |
| Investment income | $246,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,287 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,554,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,589,097 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $195,226 |
| Payroll taxes | $119,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,639,226 |
| Advertising and promotion | $242,567 |
| Office expenses | $162,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,797 |
| Travel | $11,339 |
| 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 | $17,807 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,501,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,832 |
| Savings and temporary cash investments | $650,031 |
| Pledges and grants receivable | $190,000 |
| Accounts receivable, net | $226,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $188,851 |
| Prepaid expenses and deferred charges | $21,162 |
| Investments—publicly traded securities | $7,623,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,389,150 |
| Accounts payable and accrued expenses | $319,331 |
| 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 | $319,331 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,069,819 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Independent Institute has recieved totaling $65,750.
| Awarding Organization | Amount |
|---|---|
The Tito And Sandra Tiberti Foundation Las Vegas, NV PURPOSE: CHARITABLE | $25,000 |
Charles S & Ruth C Sharp Foundation Inc Dallas, TX PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $25,000 |
Sachs Family Foundation Westport, CT PURPOSE: UNRESTRICTEDGRANT | $10,000 |
Edward Mosby Lincoln Foundation Wichita, KS PURPOSE: OPERATING FUND FOR OTHER PUBLIC CHARITY | $5,250 |
Grs Foundation Wichita, KS PURPOSE: OPERATING FUND FOR OTHER PUBLIC CHARITY | $250 |
Donlan Foundation Wichita, KS PURPOSE: OPERATING FUND FOR OTHER PUBLIC CHARITY | $250 |
Endowment Analysis
| Beg. Balance | $947,650 |
| Earnings | $178,926 |
| Other Expense | $51,427 |
| Ending Balance | $1,075,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Forward USA Action Palo Alto, CA | $3,267,542 | $13,185,535 |
National Assn Of Latino Elected Officials Naleo Education Fund Los Angeles, CA | $12,943,272 | $12,556,474 |
Barry Goldwater Institute For Public Policy Research Phoenix, AZ | $12,275,387 | $6,173,408 |
Independent Institute Oakland, CA | $9,389,150 | $4,554,919 |
Hawaii Health Information Exchange Honolulu, HI | $1,431,144 | $3,117,327 |
Neighbors For A Better San Francisco San Rafael, CA | $447,090 | $1,822,159 |
East Bay Alliance For A Sustainable Economy Oakland, CA | $3,976,176 | $2,906,453 |
Livable City San Francisco, CA | $814,657 | $1,275,639 |
Grassroot Institute Of Hawaii Inc Honolulu, HI | $448,367 | $1,217,027 |
Zebras Unite Portland, OR | $2,148,689 | $2,812,826 |
Community Financial Resources Oakland, CA | $2,244,182 | $1,081,485 |
Oregon Rural Action Inc La Grande, OR | $863,060 | $1,104,385 |