American Economic Liberties Project
- Assets
- $2.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 84-3989657
Organization Overview
American Economic Liberties Project is located in Washington, DC. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, American Economic Liberties Project employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Economic Liberties Project 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, American Economic Liberties Project generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
TO RESEARCH ECONOMIC CONCENTRATION IN AMERICA, AND STUDY THE HISTORY OF COMPETITION POLICY, FROM THE FOUNDING UNTIL TODAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, ECONOMIC LIBERTIES PRODUCED 18 POLICY REPORTS, INCLUDING A 180-PAGE RETROSPECTIVE ON COMPETITION POLICY AND BLUEPRINT FOR THE BIDEN ADMINISTRATION, GARNERING 20 EXCLUSIVES; PUBLISHED 60 OP-EDS IN OUTLETS INCLUDING THE WASHINGTON POST, NEW YORK TIMES, AND THE WALL STREET JOURNAL; WAS MENTIONED OR QUOTED IN 560 ARTICLES; JOINED 70 PODCAST, TV, AND RADIO SHOWS; EARNED 270 MILLION IMPRESSIONS ON TWITTER; SENT OVER 100 PRESS RELEASES; AND HOSTED 10 PUBLIC EVENTS WITH MORE THAN 310,000 UNIQUE VIEWS FEATURING POLICY LEADERS.ECONOMIC LIBERTIES ALSO INVESTED SIGNIFICANT CAPACITY IN SHAPING THE NARRATIVE AND BUILDING CAPACITY AMONG KEY STAKEHOLDERS THROUGH COALITION CAMPAIGNS AND TACTICAL PARTNERSHIPS. ECONOMIC LIBERTIES EXPANDED THE FREEDOM FROM FACEBOOK AND GOOGLE CAMPAIGN TO 38 ORGANIZATIONS, CEMENTING LANDMARK LAWSUITS AND ADVANCING CONGRESSIONAL LEGISLATION; LAUNCHED PROTECT OUR RESTAURANTS WITH 100 INDEPENDENT RESTAURANTS, WINNING DELIVERY APP FEE CAPS IN 70 CITIES/COUNTIES AND 4 STATES; LED INVESTIGATE INSULIN NOW, RECRUITING 14 NATIONAL GROUPS TO CALL ON THE FTC TO INVESTIGATE INSULIN MANUFACTURERS; AND WORKED TO ORGANIZE BUSINESS ALLIES THROUGH THE ACCESS TO MARKETS INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Miller Executive Director | OfficerTrustee | 40 | $149,438 |
Lucas T Kunce Director Of National Security Policy | 40 | $139,000 | |
Nidhi Hegde Director Of Strategy & Programs | 40 | $135,000 | |
Matthew Stoller Director Of Research | 40 | $130,000 | |
Patrick M Garofalo Director Of State And Local Policy | 40 | $101,000 | |
Laura Campos Secretary & Treasurer | 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 | $3,370,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,370,226 |
| 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 | $3,370,226 |
| 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. | $155,447 |
| Compensation of current officers, directors, key employees. | $20,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $778,871 |
| Pension plan accruals and contributions | $24,984 |
| Other employee benefits | $143,039 |
| Payroll taxes | $82,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,386 |
| Fees for services: Accounting | $39,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,883 |
| Advertising and promotion | $86,232 |
| Office expenses | $7,847 |
| Information technology | $32,599 |
| Royalties | $0 |
| Occupancy | $55,608 |
| Travel | $9,432 |
| 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 | $2,640 |
| Insurance | $363 |
| All other expenses | $3,009 |
| Total functional expenses | $1,611,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,834,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $644,768 |
| Accounts receivable, net | $11,468 |
| 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 | $22,693 |
| Net Land, buildings, and equipment | $3,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,625 |
| Total assets | $2,531,356 |
| Accounts payable and accrued expenses | $71,528 |
| 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 | $71,528 |
| Net assets without donor restrictions | $1,212,943 |
| Net assets with donor restrictions | $1,246,885 |
| 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 | $2,531,356 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that American Economic Liberties Project has recieved totaling $2,511,500.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $500,000 |
Sandler Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $500,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR BUILDING AWARENESS OF THE ROLE OF FAIR AND COMPETITIVE MARKETS IN ENTREPRENEUR-LED ECONOMIC DEVELOPMENT. 202109-11388 | $450,000 |
Omidyar Network Fund Inc Redwood City, CA PURPOSE: GENERAL OPERATING SUPPORT | $230,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $150,000 |
Economic Security Project Inc New York, NY PURPOSE: AMERICAN ECONOMIC LIBERTIES PROJECT (ECONOMIC LIBERTIES) IS SEEKING TO EMBED ANTIMONOPOLY STRATEGIES AND POLICY TOOLS INTO THE PROGRESSIVE MOVEMENT'S FIGHT FOR ECONOMIC JUSTICE AND INCLUSIVE DEMOCRACY. 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. | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
National Skills Coalition Washington, DC | $13,426,049 | $8,828,304 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Salisbury Wicomico Economic Development Inc Salisbury, MD | $1,249,911 | $5,424,669 |
Tri-County Council For Southern Maryland Hughesville, MD | $3,701,278 | $4,380,488 |
Alexandria Convention And Visitors Association Inc Alexandria, VA | $744,565 | $3,884,098 |
Hampton Roads Economic Development Alliance Norfolk, VA | $4,122,075 | $4,031,039 |
Roanoke Valley Convention And Vis- Itors Bureau Roanoke, VA | $3,438,389 | $4,197,074 |
Center For Regional Economic Competitiveness Arlington, VA | $2,322,711 | $4,691,900 |
Washington Dc Economic Partnership Washington, DC | $2,408,319 | $3,068,636 |