Nonprofit · EIN 82-2529375
OPEN MARKETS INSTITUTE
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,871,589 | $3,918,043 | -$1,046,454 | $2,183,958 | $337,667 | $1,846,291 |
| December 31, 2023 | 990 | $3,770,652 | $3,780,779 | -$10,127 | $3,055,057 | $179,485 | $2,875,572 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,871,589
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $543,678
- Other salaries and wages
- $2,002,951
- Salaries, compensation and benefits (total)
- $3,009,989
- Professional fundraising fees
- $110,000
- Legal fees
- $798
- Accounting fees
- $51,153
- Occupancy
- $127,169
- Depreciation
- $4,135
- Program services (functional)
- $3,016,975
- Management and general (functional)
- $643,314
- Fundraising (functional)
- $257,754
Balance sheet and other
- Total assets, start of year
- $3,055,057
- Total assets, end of year
- $2,183,958
- Total liabilities, end of year
- $337,667
- Net assets, end of year
- $1,846,291
- Land, buildings and equipment
- $5,446
- Net assets without donor restrictions
- $1,398,258
- Net assets with donor restrictions
- $448,033
- Gross receipts
- $2,871,589
- Employees
- 22
- Volunteers
- 5
- Year formed
- 2017
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILLIP J LONGMAN | POLICY DIRECTOR Highest-paid employee | 40 | $183,878 | $46,296 |
| BARRY LYNN | EXECUTIVE DIRECTOR Officer | 40 | $184,842 | $34,111 |
| COURTNEY RADSCH | DIRECTOR, CENTER FOR JOURNALISM AND LIBERTY Highest-paid employee | 40 | $183,225 | $34,052 |
| SANDEEP VAHEESAN | LEGAL DIRECTOR Highest-paid employee | 40 | $175,109 | $19,293 |
| BRIAN CALLACI | CHIEF ECONOMIST Highest-paid employee | 40 | $137,754 | $42,771 |
| ASHLEY WHOOLHEATER | COMMUNICATION DIRECTOR Highest-paid employee | 40 | $153,435 | $18,833 |
| JESSICA BROWN | DIRECTOR OF DEVELOPMENT Key employee | 40 | $151,318 | $12,952 |
| MARCELLUS ANDREWS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE MAXWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA QUINN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANA FOROOHAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEEPAK GUPTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARRY LYNN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $179,954 | $43,587 |
| PHILLIP J LONGMAN | POLICY DIRECTOR Highest-paid employee | 40 | $177,492 | $42,782 |
| ANITA JAIN | EDITORIAL DIRECTOR Highest-paid employee | 40 | $138,115 | $55,281 |
| SANDEEP VAHEESAN | LEGAL DIRECTOR Highest-paid employee | 40 | $169,189 | $18,098 |
| ASHLEY WHOOLHEATER | COMMUNICATION DIRECTOR Highest-paid employee | 40 | $142,435 | $18,595 |
| BRIAN CALLACI | CHIEF ECONOMIST Highest-paid employee | 40 | $133,221 | $22,232 |
| CHRISTY HOFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCELLUS ANDREWS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE MAXWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA QUINN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANA FOROOHAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEEPAK GUPTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 655 15TH STREET NW, WASHINGTON, DC 20005-5701
- In care of
- % WEWORKS
- Principal officer (990 for 2024)
- BARRY C LYNN, 655 15TH STREET NW 310, WASHINGTON, DC 20005
- Signed the 990
- BARRY C LYNN, EXECUTIVE DIRECTOR
- Phone
- (202) 701-1606
- Website
- WWW.OPENMARKETSINSTITUTE.ORG
- Return prepared by
- CALIBRE CPA GROUP PLLC
Mission
THE OPEN MARKETS INSTITUTE WORKS TO HELP PEOPLE RELEARN HOW TO USE COMPETITION POLICY TO BUILD STRONGER DEMOCRACIES, MORE JUST AND EQUITABLE SOCIETIES, MORE INNOVATIVE AND SUSTAINABLE ECONOMIES, AND A MORE SECURE AND PEACEFUL WORLD.
Program accomplishments
- FAIR ECONOMY - OPEN MARKETS USES RESEARCH AND JOURNALISM TO EXPOSE THE DANGERS OF MONOPOLIZATION, IDENTIFIES INTERVENTIONS IN POLICY AND LAW TO ADDRESS THEM, AND EDUCATES POLICYMAKERS, ACADEMICS, MOVEMENT GROUPS, AND OTHER INFLUENTIAL STAKEHOLDERS TO RE-ESTABLISH THE COMPETITIVE MARKETS THAT HAVE LONG FORMED THE BEDROCK OF AMERICAN DEMOCRACY. BY COMBINING POLICY, LEGAL, AND MARKET STRUCTURE EXPERTISE WITH SOPHISTICATED COMMUNICATIONS, EDUCATION, AND COALITION-BUILDING EFFORTS, OPEN MARKETS SEEKS NOT ONLY TO HOLD TODAY'S MONOPOLIES ACCOUNTABLE FOR ABUSE OF POWER, BUT TO REBUILD AN ECONOMIC SYSTEM WHERE PROGRESS IS EASIER TO ACHIEVE, BECAUSE POWER IS FAR MORE WIDELY AND EQUITABLY DISTRIBUTED.Expenses $1,033,798
- TECHNOLOGY AND DEMOCRACY - SINCE OUR LAUNCH AS AN INDEPENDENT ORGANIZATION, THE OPEN MARKETS TEAM HAS FOCUSED ON SOUNDING THE ALARM ON THE MONOPOLISTIC PRACTICES AND HARMS OF FACEBOOK, GOOGLE, AND AMAZON. WE ARE EXCITED TO SEE THAT THIS IS NOW A PART OF THE NATIONAL DEBATE AND THE MOMENTUM FOR ACTION. WHILE WE CONTINUE TO FOCUS OUR EFFORTS ON ENSURING STRUCTURAL REMEDIES ARE APPLIED TO THE HARMS OF THESE PLATFORM MONOPOLIES, WE PLAN TO SIGNIFICANTLY EXPAND OUR WORK ON TECHNOLOGY AND POWER BEYOND THE THREE BIG PLATFORMS. THE MISSION OF THE TECHNOLOGY & POWER PROGRAM IS TO ENSURE THAT NEW TECHNOLOGIES ALWAYS SERVE THE INTEREST OF THE PUBLIC AS A WHOLE AND CANNOT BE USED TO CONCENTRATE DANGEROUS DEGREES OF POWER AND CONTROL OVER THE ACTIONS OR THOUGHTS OF INDIVIDUALS, GROUPS, OR ENTIRE SOCIETIES.Expenses $665,565
- COMPETITION LAW AND PHILOSOPHY - OPEN MARKETS SEEKS TO ACCELERATE SHAPING THE DIRECTION OF THE LAW THROUGH RESEARCH AND THE FILING OF AMICUS BRIEFS AND COMMENT LETTERS AND PETITIONS TO FEDERAL AGENCIES IN ANTITRUST CASES AND OTHER COMPETITION POLICY MATTERS. THIS WORK HAS ALREADY HAD INFLUENCE. WE HAVE ALSO SEEN CONSIDERABLE SUCCESS IN DRIVING ACTION THROUGH OUR STATE ATTORNEYS GENERAL PROGRAM AS SEEN IN THE TWO MAJOR INVESTIGATIONS ANNOUNCED INTO GOOGLE AND FACEBOOK. IN ADDITION, WE HAVE ALSO WORKED WITH STATE OFFICES ON ISSUES RELATED TO AGRICULTURE, LABOR, AND HEALTHCARE.Expenses $665,428
- INTERNATIONAL SYSTEMS - PUBLIC POLICIES THAT AFFECT THE TERMS OF TRADE WITH OTHER NATIONS, INCLUDING TARIFFS, HAVE PROFOUND EFFECTS ON THE STRUCTURE OF MARKETS, RANGING FROM UNWARRANTED PROTECTION FOR DOMESTIC MONOPOLIES TO THE PROMOTION OF TRANSNATIONAL TRADING COMPANIES THAT EXPLOIT LABOR, EVADE ENVIRONMENTAL STANDARDS, AND CREATE DANGEROUSLY OVEREXTENDED SUPPLY CHANNELS. AT THE SAME TIME TRADE POLICY PLAYS AN IMPORTANT ROLE IN STRENGTHENING OR WEAKENING AMERICA'S GEOPOLITICAL POSITION IN THE WORLD, MAKING TRADE, COMPETITION POLICY, AND NATIONAL SECURITY INTRINSICALLY LINKED.Expenses $652,184
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2529375
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $2,183,958
- Income (IRS master file)
- $2,871,589
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,871,589 | $3,918,043 | $2,183,958 | IRS |
| 990 | December 2023 | $3,770,652 | $3,780,779 | $3,055,057 | XML |
| 990 | December 2022 | $3,953,730 | $2,942,179 | $3,088,747 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 82-2529375).
Questions about OPEN MARKETS INSTITUTE
- What is the EIN of OPEN MARKETS INSTITUTE?
- The employer identification number (EIN) of OPEN MARKETS INSTITUTE is 82-2529375.
- Is OPEN MARKETS INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to OPEN MARKETS INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPEN MARKETS INSTITUTE 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 OPEN MARKETS INSTITUTE 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 OPEN MARKETS INSTITUTE 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 OPEN MARKETS INSTITUTE?
- The 990 for the year ended December 31, 2024 names BARRY C LYNN.
- Who are the officers and directors of OPEN MARKETS INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 12 people; 7 received compensation from the organization, the highest $183,878 (PHILLIP J LONGMAN, POLICY DIRECTOR).
- How much revenue does OPEN MARKETS INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,871,589, expenses of $3,918,043 and total assets of $2,183,958 at year end.
Other nonprofits in WASHINGTON
- GEORGETOWN UNIVERSITY EIN 53-0196603 · last filed 990 for 2025
- HOWARD UNIVERSITY EIN 53-0204707 · last filed 990 for 2025
- AMERICAN UNIVERSITY EIN 53-0196549 · last filed 990 for 2025
- CATHOLIC UNIVERSITY OF AMERICA EIN 53-0196583 · last filed 990 for 2025
- ASSOCIATION OF AMERICAN MEDICAL COLLEGES EIN 36-2169124 · last filed 990 for 2025
- NATIONAL GEOGRAPHIC SOCIETY EIN 53-0193519 · last filed 990 for 2025
- INTERNATIONAL BACCALAUREATE ORGANIZATION EIN 30-0388800 · last filed 990 for 2025
- KIPP DC PUBLIC CHARTER SCHOOLS EIN 74-2974642 · last filed 990 for 2025
All nonprofits in WASHINGTON · District of Columbia · Education