2025-11-14T16:48:08-06:00 2024-12-31 390974031 WEGNER CPAS LLP 419 N LEE ST ALEXANDRIA VA 223142301 990 2024-01-01 843989657 AMERICAN ECONOMIC LIBERTIES PROJECT AMER 5033478728 2001 PENNSYLVANIA AVE NW 540 WASHINGTON DC 20006 SARAH MILLER BOARD CHAIR 5033478728 2025-11-14 1 1 ADAM KUCZYNSKI CPA P01560606 7035190990 2025-11-14 2024 2025-03-06 01:10:19Z NIDHI HEGDE 2001 PENNSYLVANIA AVE NW 540 WASHINGTON DC 20006 4526115 0 X ECONOMICLIBERTIES.US X 2019 DC TO RESEARCH ECONOMIC CONCENTRATION IN AMERICA, AND STUDY THE HISTORY OF COMPETITION POLICY, FROM THE FOUNDING UNTIL TODAY. 3 3 23 5 0 0 3898196 4436984 16784 22486 0 66645 8701 0 3923681 4526115 0 0 0 0 2318536 2267908 0 4350 26341 1009884 1394083 3328420 3666341 595261 859774 3423213 4196831 492997 406841 2930216 3789990 X THE AMERICAN ECONOMIC LIBERTIES PROJECT'S EDUCATIONAL AND CHARITABLE PURPOSES ARE TO RESEARCH ECONOMIC CONCENTRATION IN AMERICA, AND STUDY THE HISTORY OF COMPETITION POLICY, FROM THE FOUNDING UNTIL TODAY. 0 0 3231429 0 22486 TO SUPPORT ITS EDUCATIONAL AND CHARITABLE PURPOSES, AELP'S POLICY WORK CONTINUED TO FOCUS ON ISSUES LIKE ANTITRUST REFORM, JUNK FEES, DRUG PRICING AND SHORTAGES, NONCOMPETES, DIGITAL TRADE, LABOR AND INDUSTRIAL POLICY. AELP PRODUCED 44 REPORTS, POLICY BRIEFS, ACADEMIC PAPERS, POLICY DIGESTS, AND FACT SHEETS, SUBMITTED 7 COMMENTS TO VARIOUS AGENCIES, AND LED OR JOINED 68 LETTERS ON KEY POLICY FIGHTS. AELP ALSO HOSTED 8 POLICY BRIEFINGS ON TOPICS SUCH AS DOJ'S TRIAL AGAINST GOOGLE, THE HARMS OF PHARMACY BENEFIT MANAGERS, AND HOW TO BAN JUNK FEES.TO SHAPE THE NARRATIVE AROUND ADDRESSING CORPORATE POWER BROADLY AND A NUMBER OF POLICY GOALS SPECIFICALLY, AELP'S PROLIFIC STRATEGIC COMMUNICATIONS OPERATION INCLUDED 60 ARTICLES AND OP-EDS, 991 EARNED PRINT MENTIONS AND 102 TV, RADIO AND PODCAST HITS, VIDEO PARTNERSHIPS WITH OTHER NONPROFITS THAT GENERATED 374,000+ SOCIAL MEDIA VIEW, AND SUPPORTED STAFF NEWSLETTERS WITH 171,000+ SUBSCRIBERS. AELP WORKS IN PARTNERSHIP WITH ALLIED ORGANIZATIONS ON POLICY PRIORITIES, ISSUE CAMPAIGNS, AND EVENTS. 3231429 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC NY CA MO X PETER SARASOHN 5033478728 2001 PENNSYLVANIA AVE NW STE 540 WASHINGTON DC 20006 ROSS BAIRD BOARD CHAIR 1.00 X X 0 0 0 LAURA CAMPOS SECRETARY & TREASURER 1.00 X X 0 0 0 RONALD NEWMAN DIRECTOR 1.00 X 0 0 0 BRANDI COLLINS-DEXTER DIRECTOR (THRU AUG 2024) 1.00 X 0 0 0 LALEH ISPAHANI DIRECTOR (THRU AUG 2024) 1.00 X 0 0 0 NIDHI HEGDE INTERIM EXECUTIVE DIRECTOR FROM JAN 2024) 40.00 X 175515 0 24015 FAIZ SHAKIR INTERIM EXECUTIVE DIRECTOR (THRU JAN 2024) 40.00 X 8333 0 0 PATRICK GAROFALO DIRECTOR, STATE AND LOCAL 40.00 X 127657 0 29370 LORI WALLACH DIRECTOR, RETHINK TRADE 40.00 X 153072 0 25147 MATTHEW STOLLER DIRECTOR, RESEARCH 40.00 X 148475 0 32447 MORGAN HARPER DIRECTOR, POLICY & ADVOCACY 40.00 X 148558 0 14118 LEE HEPNER SENIOR LEGAL COUNSEL (FROM MAR 2024) 40.00 X 124638 0 12683 886248 0 137780 8 0 1 0 BHARAT RAMAMURTI 512 D STREET NORTHEAST WASHINGTON DC 20002 POLICY RESEARCH 144990 1 4436984 4436984 REGISTRATION FEES 900099 22486 22486 22486 66645 66645 4526115 22486 0 66645 X 207863 196669 9330 1864 1618432 1538178 65030 15224 46852 44223 2191 438 249048 235076 11645 2327 145713 137539 6813 1361 29039 10000 19039 50173 50173 46000 46000 4350 4350 657197 535319 121878 76179 62548 13631 8120 3382 4738 89241 26585 62656 117350 111446 5134 770 56521 54977 1544 221206 200310 20889 7 859 859 8276 8276 DUES AND SUBSCRIPTIONS 20752 20752 13170 8425 4745 3666341 3231429 408571 26341 2589325 3904279 525000 78000 8357 5914 16143 40591 11200 9221 1461 1979 282927 166068 3423213 4196831 171421 221876 321576 184965 492997 406841 X 2244617 3406620 685599 383370 2930216 3789990 3423213 4196831 859774 0 X 0 1 X 1 0 X 2160517 3370226 2742749 3898196 4436984 16608672 2160517 3370226 2742749 3898196 4436984 16608672 4519940 12088732 66645 66645 16675317 56395 0.72490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 68769 68769 3597572 3666341 333317 83329 0 0 0 273609 316421 333317 923347 1385021 0 5755 15901 68769 90425 0 68402 79105 83329 230836 346254 0 0 0 0 11200 9221 1979 1979 OPERATING LEASE LIABILITIES 184965 184965 4526115 0 4526115 0 4526115 3666341 0 3666341 0 3666341 X X 0 0 0 0 0 0 0 0 0 NIDHI HEGDE INTERIM EXECUTIVE DIRECTOR FROM JAN 175515 0 0 0 0 0 5219 0 18796 0 199530 0 0 0 MATTHEW STOLLER DIRECTOR, RESEARCH 148475 0 0 0 0 0 5876 0 26571 0 180922 0 0 0 LORI WALLACH DIRECTOR, RETHINK TRADE 153072 0 0 0 0 0 6051 0 19096 0 178219 0 0 0 MORGAN HARPER DIRECTOR, POLICY & ADVOCACY 148558 0 0 0 0 0 4748 0 9370 0 162676 0 0 0 PATRICK GAROFALO DIRECTOR, STATE AND LOCAL 127657 0 0 0 0 0 4985 0 24385 0 157027 0 0 0 PART I, LINE 3 THE BOARD OR COMMITTEE SHALL: (I) RECUSE AND EXCLUDE ANY PERSONS WHO RECEIVE DIRECTLY OR INDIRECTLY A SUBSTANTIAL PORTION OF THEIR INCOME FROM THE CORPORATION; (II) RELY ON APPROPRIATE COMPARATIVE DATA, INCLUDING COMPARABLE AGREEMENTS IN SIMILAR ORGANIZATIONS; COMPENSATION LEVELS FOR SIMILAR POSITIONS IN BOTH EXEMPT AND TAXABLE ORGANIZATIONS; AND REGIONAL ECONOMIC DATA; (III) DOCUMENT THE BASES UPON WHICH THE BOARD (OR COMMITTEE) RELIES FOR ITS COMPENSATION DETERMINATIONS; AND (IV) RECORD THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE COMPENSATION AND TALLIES OF ANY VOTES TAKEN DURING CONSIDERATION OF THE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED AND REVIEWED BY AN OUTSIDE ACCOUNTING FIRM, REVIEWED BY THE EXECUTIVE DIRECTOR, AND THEN REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER A DIRECTOR, OFFICER, OR COMMITTEE MEMBER BECOMES AWARE OF A POTENTIAL CONFLICT OF INTEREST, WHETHER FINANCIAL OR OTHERWISE, S/HE SHALL MAKE THE SITUATION KNOWN TO THE BOARD OR COMMITTEE (AS THE CASE MIGHT BE) AND PROVIDE ALL FACTS MATERIAL TO UNDERSTANDING THE NATURE AND SCOPE OF THE CONFLICT, INCLUDING WHETHER THE INTERESTED PERSON BELIEVES HIS OR HER ABILITY TO MAKE AN INDEPENDENT DECISION BASED SOLELY ON THE BEST INTEREST OF THE CORPORATION HAS BEEN COMPROMISED. IF THE INTERESTED PERSON INVOLVED DOES NOT MAKE THIS DISCLOSURE, ANOTHER DIRECTOR OR COMMITTEE MEMBER WITH KNOWLEDGE OF THE POTENTIAL CONFLICT SHOULD DRAW IT TO THE BODY'S ATTENTION. THE INTERESTED PERSON WITH THE POTENTIAL CONFLICT MUST RETIRE FROM THE MEETING AND NOT PARTICIPATE IN FINAL DISCUSSION AND VOTING ON THE EXISTENCE OF THE CONFLICT. IF A CONFLICT IS FOUND TO EXIST, THE INTERESTED PERSON MAY BE INVITED TO PROVIDE ANY RELEVANT INFORMATION THAT COULD BE OF USE TO THE BOARD IN MAKING ITS DECISION, BUT SHALL AGAIN RETIRE AND NOT PARTICIPATE IN THE FINAL DISCUSSION AND VOTING REGARDING THE TRANSACTION. THE BOARD OR COMMITTEE'S DECISION SHALL BE BASED ON CONSIDERATION OF WHETHER THE TRANSACTION: A. IS IN THE ORGANIZATION'S BEST INTEREST AND FOR ITS OWN BENEFIT; B. IS FAIR AND REASONABLE TO THE ORGANIZATION; AND C. IS THE MOST ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OR COMMITTEE SHALL: (I) RECUSE AND EXCLUDE ANY PERSONS WHO RECEIVE DIRECTLY OR INDIRECTLY A SUBSTANTIAL PORTION OF THEIR INCOME FROM THE CORPORATION; (II) RELY ON APPROPRIATE COMPARATIVE DATA, INCLUDING COMPARABLE AGREEMENTS IN SIMILAR ORGANIZATIONS; COMPENSATION LEVELS FOR SIMILAR POSITIONS IN BOTH EXEMPT AND TAXABLE ORGANIZATIONS; AND REGIONAL ECONOMIC DATA; (III) DOCUMENT THE BASES UPON WHICH THE BOARD (OR COMMITTEE) RELIES FOR ITS COMPENSATION DETERMINATIONS; AND (IV) RECORD THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE COMPENSATION AND TALLIES OF ANY VOTES TAKEN DURING CONSIDERATION OF THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ANYONE MAY REQUEST A COPY OF THE FORM 990, AND OTHER DOCUMENTS REQUIRED BY LAW TO BE PROVIDED TO THE PUBLIC, BY CONTACTING THE ORGANIZATION IN WRITING AT 2001 PENNSYLVANIA AVE NW, #540, WASHINGTON, DC, 20006, OR VIA EMAIL AT INFO@ECONOMICLIBERTIES.US FORM 990, PART IX, LINE 11G ACADEMIC CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 456,823. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 456,823. OTHER FEES: PROGRAM SERVICE EXPENSES 78,496. MANAGEMENT AND GENERAL EXPENSES 110,712. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 189,208. PAYROLL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,166. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,166.