Nonprofit · EIN 84-3989657
AMERICAN ECONOMIC LIBERTIES PROJECT
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,526,115 | $3,666,341 | $859,774 | $4,196,831 | $406,841 | $3,789,990 |
| December 31, 2023 | 990 | $3,923,681 | $3,328,420 | $595,261 | $3,423,213 | $492,997 | $2,930,216 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,436,984
- Program service revenue
- $22,486
- Investment income
- $66,645
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $207,863
- Other salaries and wages
- $1,618,432
- Salaries, compensation and benefits (total)
- $2,267,908
- Professional fundraising fees
- $4,350
- Legal fees
- $29,039
- Accounting fees
- $50,173
- Occupancy
- $117,350
- Travel
- $56,521
- Depreciation
- $859
- Program services (functional)
- $3,231,429
- Management and general (functional)
- $408,571
- Fundraising (functional)
- $26,341
Balance sheet and other
- Total assets, start of year
- $3,423,213
- Total assets, end of year
- $4,196,831
- Total liabilities, end of year
- $406,841
- Net assets, end of year
- $3,789,990
- Land, buildings and equipment
- $1,979
- Net assets without donor restrictions
- $3,406,620
- Net assets with donor restrictions
- $383,370
- Gross receipts
- $4,526,115
- Employees
- 23
- Volunteers
- 5
- Year formed
- 2019
- 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 |
|---|---|---|---|---|
| NIDHI HEGDE | INTERIM EXECUTIVE DIRECTOR FROM JAN 2024) Officer | 40 | $175,515 | $24,015 |
| MATTHEW STOLLER | DIRECTOR, RESEARCH Highest-paid employee | 40 | $148,475 | $32,447 |
| LORI WALLACH | DIRECTOR, RETHINK TRADE Highest-paid employee | 40 | $153,072 | $25,147 |
| MORGAN HARPER | DIRECTOR, POLICY & ADVOCACY Highest-paid employee | 40 | $148,558 | $14,118 |
| PATRICK GAROFALO | DIRECTOR, STATE AND LOCAL Highest-paid employee | 40 | $127,657 | $29,370 |
| LEE HEPNER | SENIOR LEGAL COUNSEL (FROM MAR 2024) Highest-paid employee | 40 | $124,638 | $12,683 |
| FAIZ SHAKIR | INTERIM EXECUTIVE DIRECTOR (THRU JAN 2024) Officer | 40 | $8,333 | $0 |
| ROSS BAIRD | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LAURA CAMPOS | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RONALD NEWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANDI COLLINS-DEXTER | DIRECTOR (THRU AUG 2024) Trustee or director | 1 | $0 | $0 |
| LALEH ISPAHANI | DIRECTOR (THRU AUG 2024) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NIDHI HEGDE | MANAGING DIRECTOR Highest-paid employee | 40 | $152,424 | $22,276 |
| LORI WALLACH | DIRECTOR, RETHINK TRADE Highest-paid employee | 40 | $141,816 | $23,536 |
| KATHERINE VAN DYCK | SENIOR LEGAL COUNSEL Highest-paid employee | 40 | $119,677 | $37,435 |
| MATTHEW STOLLER | DIRECTOR, RESEARCH Highest-paid employee | 40 | $131,835 | $24,112 |
| MORGAN HARPER | DIRECTOR, POLICY & ADVOCACY Highest-paid employee | 40 | $127,446 | $13,635 |
| FAIZ SHAKIR | INTERIM EXECUTIVE DIRECTOR (FROM 3/23) Officer | 20 | $79,167 | $0 |
| SARAH MILLER | EXECUTIVE DIRECTOR (THRU 3/23) Trustee or director, Officer | 40 | $46,729 | $1,956 |
| ROSS BAIRD | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LAURA CAMPOS | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRANDI COLLINS-DEXTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LALEH ISPAHANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RONALD NEWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1025 CONNECTICUT AVE NW STE 1205, WASHINGTON, DC 20036-5449
- In care of
- % SARAH MILLER
- Principal officer (990 for 2024)
- NIDHI HEGDE, 2001 PENNSYLVANIA AVE NW 540, WASHINGTON, DC 20006
- Signed the 990
- SARAH MILLER, BOARD CHAIR
- Phone
- (503) 347-8728
- Website
- ECONOMICLIBERTIES.US
- Return prepared by
- WEGNER CPAS LLP
Mission
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.
Program accomplishments
- 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.Expenses $3,231,429 · revenue $22,486
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
- 84-3989657
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,196,831
- Income (IRS master file)
- $4,526,115
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,526,115 | $3,666,341 | $4,196,831 | XML |
| 990 | December 2023 | $3,923,681 | $3,328,420 | $3,423,213 | XML |
| 990 | December 2022 | $2,751,173 | $2,876,046 | $2,844,932 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 84-3989657).
Questions about AMERICAN ECONOMIC LIBERTIES PROJECT
- What is the EIN of AMERICAN ECONOMIC LIBERTIES PROJECT?
- The employer identification number (EIN) of AMERICAN ECONOMIC LIBERTIES PROJECT is 84-3989657.
- Is AMERICAN ECONOMIC LIBERTIES PROJECT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to AMERICAN ECONOMIC LIBERTIES PROJECT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN ECONOMIC LIBERTIES PROJECT 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 AMERICAN ECONOMIC LIBERTIES PROJECT 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 AMERICAN ECONOMIC LIBERTIES PROJECT 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 AMERICAN ECONOMIC LIBERTIES PROJECT?
- The 990 for the year ended December 31, 2024 names NIDHI HEGDE.
- Who are the officers and directors of AMERICAN ECONOMIC LIBERTIES PROJECT?
- The 990 for the year ended December 31, 2024 lists 12 people; 7 received compensation from the organization, the highest $175,515 (NIDHI HEGDE, INTERIM EXECUTIVE DIRECTOR FROM JAN 2024)).
- How much revenue does AMERICAN ECONOMIC LIBERTIES PROJECT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,526,115, expenses of $3,666,341 and total assets of $4,196,831 at year end.
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