Heartland Institute
- Assets
- $1.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Arlington Heights, IL
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 36-3309812
Organization Overview
Heartland Institute is located in Arlington Heights, IL. The organization was established in 1984. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Heartland Institute employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland 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, Heartland Institute generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
RESEARCH AND WRITING ON PUBLIC POLICY ISSUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: RESEARCH, WRITING, AND DISTRIBUTION OF PUBLICATIONS ON PUBLIC POLICY ISSUES, IN PRINT AND ONLINE. HEARTLAND PRODUCED PRINT AND DIGITAL ISSUES OF TWO NEWSPAPERS (ENVIRONMENT & CLIMATE NEWS, HEALTH CARE NEWS) AND DIGITAL VERSIONS OF BUDGET & TAX NEWS AND SCHOOL REFORM NEWS; FOR A TOTAL OF 2,506 ARTICLES. ONE PRINT QUARTERLY NEWSLETTER (THE HEARTLANDER), EIGHT EMAIL NEWSLETTERS (CLIMATE CHANGE WEEKLY, THE LEAFLET, HEARTLAND WEEKLY, BUDGET & TAX NEWS, ENVIRONMENT & CLIMATE NEWS , HEALTH CARE NEWS, SCHOOL REFORM NEWS, AND STOPPING SOCIALISM), SEVEN POLICY BRIEFS, ONE POLICY STUDY, ONE BOOK, AND ONE BOOKLET. HEARTLAND HAS 14 WEBSITES, MORE THAN 571,000 FANS OF ITS FACEBOOK PAGE, AND MORE THAN 21,000 TWITTER FOLLOWERS.
PUBLIC RELATIONS: SEMINARS, EVENTS, SPEAKING ENGAGEMENTS, VIDEOS, PODCASTS, AND OTHER ACTIVITIES AIMED AT EDUCATING HEARTLAND MEMBERS AND THE GENERAL PUBLIC CONCERNING PUBLIC POLICY ISSUES. HEARTLAND REPRESENTATIVES APPEARED IN PRINT, ONLINE, OR ON BROADCAST MEDIA 4,086 TIMES, REACHING A PRINT AUDIENCE OF 76.3 MILION READERS. HEARTLAND'S PODCASTS WERE DOWNLOADED 6.2 MILLION TIMES, AND OUR YOUTUBE VIDEOS GAINED 4.6 MILLION VIEWS.
HEARTLAND HOSTED 13 INTERNATIONAL CONFERENCES ON CLIMATE CHANGE AND TWO AMERICA FIRST ENERGY CONFERENCES SINCE 2008 ATTENDED BY MORE THAN 5,000 PEOPLE.
GOVERNMENT RELATIONS: PUBLICATIONS AND EVENTS GEARED TOWARD EDUCATING AND INFORMING LOCAL, STATE, AND NATIONAL ELECTED OFFICIALS ABOUT PUBLIC POLICY ISSUES. HEARTLAND PARTICIPATED IN CONFERENCES SPONSORED BY THE AMERICAN LEGISLATIVE EXCHANGE COUNCIL AND TESTIFIED BEFORE LEGISLATIVE COMMITTEES IN MULTIPLE STATES.EXPENSE:$477,872STOPPING SOCIALISM: STOPPING SOCIALISM IS A PROJECT LAUNCHED IN 2018. OWNED BY JUSTIN HASKINS, CO-DIRECTOR OF THE SOCIALISM RESEARCH CENTER AT THE HEARTLAND INSTITUTE AND THE AUTHOR OF THE AMAZON BESTSELLER SOCIALISM IS EVIL: THE MORAL CASE AGAINST MARX'S RADICAL DREAM (2018). EXPENSE:$152,278
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Taylor President | 40 | $300,467 | |
Jim Lakely Vice President | 40 | $178,649 | |
Samuel Karnick Director Of Publications | 40 | $112,543 | |
David Hoyt Executive Director Of Deve | 40 | $110,267 | |
Justin Haskins Director | 40 | $110,115 | |
Donna Rook Secretary | OfficerTrustee | 1 | $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 | $4,054,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,054,969 |
| Total Program Service Revenue | $51,540 |
| 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 | $4,106,509 |
| 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 | $12,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $696,214 |
| Compensation of current officers, directors, key employees. | $147,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,031,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $210,443 |
| Payroll taxes | $119,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $119,762 |
| Office expenses | $139,277 |
| Information technology | $27,516 |
| Royalties | $0 |
| Occupancy | $195,939 |
| Travel | $135,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400,821 |
| Interest | $2,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,075 |
| Insurance | $0 |
| All other expenses | $20,506 |
| Total functional expenses | $4,159,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,863 |
| 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 | $6,852 |
| Net Land, buildings, and equipment | $858,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,778,407 |
| Accounts payable and accrued expenses | $220,886 |
| 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 | $220,886 |
| Net assets without donor restrictions | $1,526,946 |
| Net assets with donor restrictions | $30,575 |
| 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 | $1,778,407 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Heartland Institute has recieved totaling $1,109,600.
| Awarding Organization | Amount |
|---|---|
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $908,500 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $52,500 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $52,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $46,650 |
Donors Trust Inc Alexandria, VA PURPOSE: $25,000 for environmental research and efforts in education/ $1,000 2021 Independence Day, Upward to Liberty Campaign | $26,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $12,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barton County Elec Coop Inc Lamar, MO | $53,305,232 | $19,554,475 |
Cristo Rey Kansas City Kansas City, MO | $7,796,405 | $4,970,520 |
Center For Technology And Civic Life Chicago, IL | $81,351,444 | $64,574,797 |
City Of Pikeville Exposition Center Corporation Pikeville, KY | $1,321,608 | $4,939,974 |
Southwest Wisconsin Workforce Development Board Inc Platteville, WI | $1,656,815 | $4,473,102 |
Heartland Institute Arlington Heights, IL | $1,778,407 | $4,106,509 |
Brotherhood Of Maintenance Of Way Employees Mayfield, KY | $4,737,490 | $3,573,473 |
Better Government Association Inc Chicago, IL | $3,907,227 | $3,042,344 |
Devou Properties Inc Covington, KY | $3,178,668 | $2,304,792 |
Iowa City Downtown Self Supported Municipal Improvement District Iowa City, IA | $210,596 | $1,321,560 |
Northwest Wisconsin Workforce Investment Board Inc Ashland, WI | $182,049 | $1,341,214 |
Wisconsin Towns Association Inc Shawano, WI | $3,345,018 | $1,622,809 |