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Nonprofit · EIN 52-1263436

LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC

Tax-exempt · AUBURN, AL 36832

Financials

$8.5M$6.2M2023$16.6M$7.2M2024
Revenue Expenses · by fiscal year end
Financials of LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$16,563,360$7,159,247$9,404,113$68,122,791$1,145,536$66,977,255
December 31, 2023990 (amended)$8,505,782$6,182,411$2,323,371$54,656,851$526,654$54,130,197
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$14,101,573
Program service revenue
$166,796
Investment income
$1,799,327
Net rental income
$50,799
Net gain from sales of assets
$419,252
Net income from sales of inventory
$411,387
Other revenue
$495,664

Expenses

Grants and similar amounts paid
$53,893
Compensation of officers, directors and key employees
$848,748
Other salaries and wages
$2,103,654
Salaries, compensation and benefits (total)
$3,448,698
Professional fundraising fees
$0
Accounting fees
$79,410
Occupancy
$90,938
Travel
$123,097
Depreciation
$285,487
Program services (functional)
$6,604,028
Management and general (functional)
$555,219

Balance sheet and other

Total assets, start of year
$54,656,851
Total assets, end of year
$68,122,791
Total liabilities, end of year
$1,145,536
Net assets, end of year
$66,977,255
Land, buildings and equipment
$4,417,463
Publicly traded securities
$20,944,597
Net assets without donor restrictions
$63,649,777
Net assets with donor restrictions
$3,327,478
Gross receipts
$16,602,003
Employees
37
Volunteers
0
Year formed
1982
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
THOMAS DILORENZOPRESIDENT
Officer
40$262,068
LLEWELLYN H ROCKWELL JRCHAIRMAN
Trustee or director, Officer
45$215,614
KAREN DECOSTERVICE PRESIDENT
Trustee or director, Officer
40$205,186
MELVIN DAVISEMPLOYEE
Highest-paid employee
40$134,806
KRISTAL HOLMESEMPLOYEE
Highest-paid employee
40$132,342
RYAN MCMAKENEMPLOYEE
Highest-paid employee
40$130,342
JOSEPH SALERNODIRECTOR
Trustee or director
40$116,880
JUDITH THOMMESENEMPLOYEE
Highest-paid employee
40$111,601
MICHAEL PARISHEMPLOYEE
Highest-paid employee
40$110,462
PATRICIA BARNETTDIRECTOR
Trustee or director
25$25,000
PETER KLEINDIRECTOR
Trustee or director
25$24,000
JOHN V DENSONDIRECTOR
Trustee or director
0.5$0
RON PAULDIRECTOR
Trustee or director
0.5$0
YOUSEF ALMOAYYEDDIRECTOR
Trustee or director
0.5$0
DEBORAH AYERSDIRECTOR
Trustee or director
0.5$0
5 more people on this return
NameTitleHours / weekCompensation
STEVE BERGERDIRECTOR
Trustee or director
0.5$0
GREG MORINDIRECTOR
Trustee or director
0.5$0
MARK MURRAHDIRECTOR
Trustee or director
0.5$0
DONALD PRINTZDIRECTOR
Trustee or director
0.5$0
STEVE TORELLODIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
LLEWELLYN H ROCKWELL JRCHAIRMAN
Trustee or director, Officer
45$200,070$5,702
JEFFREY E DEISTFORMER PRESIDENT
Former
50$167,539$2,310
KAREN DECOSTERVICE PRESIDENT
Trustee or director, Officer
40$128,775$6,470
RYAN MCMAKENEMPLOYEE
Highest-paid employee
40$105,303$23,002
JOSEPH SALERNODIRECTOR
Trustee or director
40$115,006$1,397
MICHAEL PARISHEMPLOYEE
Highest-paid employee
40$104,389$5,238
KRISTAL HOLMESEMPLOYEE
Highest-paid employee
40$101,527$7,692
JUDITH THOMMESENEMPLOYEE
Highest-paid employee
40$103,696$2,738
THOMAS DILORENZOPRESIDENT
Officer
1$34,020$1,254
PATRICIA BARNETTDIRECTOR
Trustee or director
25$25,000$0
PETER KLEINDIRECTOR
Trustee or director
25$19,244$261
JOHN V DENSONDIRECTOR
Trustee or director
0.5$0$0
RON PAULDIRECTOR
Trustee or director
0.5$0$0
YOUSEF ALMOAYYEDDIRECTOR
Trustee or director
0.5$0$0
DEBORAH AYERSDIRECTOR
Trustee or director
0.5$0$0
STEVE BERGERDIRECTOR
Trustee or director
0.5$0$0
GREG MORINDIRECTOR
Trustee or director
0.5$0$0
MARK MURRAHDIRECTOR
Trustee or director
0.5$0$0
DONALD PRINTZDIRECTOR
Trustee or director
0.5$0$0
STEVE TORELLODIRECTOR
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
518 W MAGNOLIA AVE, AUBURN, AL 36832-4571
Principal officer (990 for 2024)
MICHAEL C PARISH, 518 WEST MAGNOLIA AVENUE, AUBURN, AL 36832
Signed the 990
MICHAEL C PARISH, EXECUTIVE DIRECTOR
Phone
(334) 321-2100
Return prepared by
HIMMELWRIGHT HUGULEY & BOLES LLC

Mission

TO PROMOTE THE ECONOMIC THEORIES OF LUDWIG VON MISES, HIS PREDECESSORS AND HIS SUCCESSORS, THROUGH TEACHING PROGRAMS, RESEARCH, FELLOWSHIPS AND SCHOLARLY PUBLICATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • ADVANCEMENT OF ECONOMIC SCIENCE THROUGH PUBLICATIONS AND TEACHING PROGRAMS FOR STUDENTS, SCHOLARS AND OTHERS INTERESTED IN ECONOMIC EDUCATION.
    Expenses $4,235,497 · revenue $411,387
  • TEACHING CONFERENCES, SEMINARS & COLLOQUIA
    Expenses $2,314,638 · revenue $166,796
  • STUDENT FELLOWSHIP AND RESEARCH GRANTS. SUPPORT OF STUDENTS, FACULTY & POST-DOCTORAL FELLOWS IN ECONOMICS.
    Expenses $53,893 · grants $53,893 · revenue $33,478

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-1263436
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$68,122,791
Income (IRS master file)
$16,602,003

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$16,563,360$7,159,247$68,122,791XML
990December 2023$8,505,782$6,182,411$54,656,851XML
990December 2022$11,477,273$6,263,299$50,537,947IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1263436).

Questions about LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC

What is the EIN of LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC?
The employer identification number (EIN) of LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC is 52-1263436.
Is LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC?
The 990 for the year ended December 31, 2024 names MICHAEL C PARISH.
Who are the officers and directors of LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC?
The 990 for the year ended December 31, 2024 lists 20 people; 11 received compensation from the organization, the highest $262,068 (THOMAS DILORENZO, PRESIDENT).
How much revenue does LUDWIG VON MISES INSTITUTE FOR AUSTRIAN ECONOMICS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $16,563,360, expenses of $7,159,247 and total assets of $68,122,791 at year end.

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