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Nonprofit · EIN 87-0531727

SUTHERLAND INSTITUTE

Tax-exempt · SALT LAKE CTY, UT 84111

Financials

$1.8M$2.2M2023$2.1M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of SUTHERLAND INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,083,527$2,219,428-$135,901$1,000,783$265,013$735,770
December 31, 2023990$1,839,799$2,173,042-$333,243$1,273,306$401,635$871,671
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,065,089
Program service revenue
$0
Investment income
$19,896
Net income from fundraising events
-$1,458
Other revenue
-$1,458

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$276,054
Other salaries and wages
$1,202,809
Salaries, compensation and benefits (total)
$1,821,580
Professional fundraising fees
$0
Legal fees
$1,350
Accounting fees
$27,725
Occupancy
$76,780
Travel
$25,597
Depreciation
$17,813
Program services (functional)
$1,401,461
Management and general (functional)
$311,425
Fundraising (functional)
$506,542

Balance sheet and other

Total assets, start of year
$1,273,306
Total assets, end of year
$1,000,783
Total liabilities, end of year
$265,013
Net assets, end of year
$735,770
Land, buildings and equipment
$37,257
Net assets without donor restrictions
$364,020
Net assets with donor restrictions
$371,750
Gross receipts
$2,093,511
Employees
12
Volunteers
8
Year formed
1995
State of legal domicile
UT

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 / weekCompensationOther / benefits
Rick Larsenpresident & ceo
Officer
60$247,047$29,007
Peter Reichardchief development officer
Highest-paid employee
50$223,202$19,405
Derek Monsonchief growth officer
Highest-paid employee
60$197,057$28,850
Nic DunnVP Strategy & Senior Fellow
Highest-paid employee
45$157,722$19,687
Stan RasmussenVP Government Affairs
Highest-paid employee
40$123,109$19,006
Brad Harrboard member
Trustee or director
0.3$0$0
Brent Andrewsenboard member
Trustee or director
0.3$0$0
Brent McKinleyboard member
Trustee or director
0.3$0$0
Greg Millerboard member
Trustee or director
0.3$0$0
Howard Headleeboard member
Trustee or director
0.3$0$0
John Sperryboard member
Trustee or director
0.3$0$0
Rachel Broughboard member
Trustee or director
0.3$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
RICK LARSENPRESIDENT &
Officer
60$308,333$26,294
DEREK MONSONCHIEF GROWTH
Highest-paid employee
60$176,667$23,869
NIC DUNNVP - STRATEG
Highest-paid employee
45$148,333$24,223
PETER REICHARDCHIEF DEV. O
Highest-paid employee
50$140,625$16,680
STANLEY RASMUSSENVP - GOV'T A
Highest-paid employee
40$130,480$22,070
BRENT ANDREWSENBOARD MEMBER
Trustee or director
0.25$0$0
RACHEL BROUGHBOARD MEMBER
Trustee or director
0.25$0$0
BRAD HARRBOARD MEMBER
Trustee or director
0.25$0$0
HOWARD HEADLEEBOARD MEMBER
Trustee or director
0.25$0$0
BRENT MCKINLEYBOARD MEMBER
Trustee or director
0.25$0$0
GREG MILLERBOARD MEMBER
Trustee or director
0.25$0$0
JOHN SPERRYBOARD MEMBER
Trustee or director
0.25$0$0

Address and contacts

Address (IRS master file)
420 E SOUTH TEMPLE STE 510, SALT LAKE CTY, UT 84111-1380
Principal officer (990 for 2024)
Rick Larsen, 420 EAST SOUTH TEMPLE STE 510, SALT LAKE CITY, UT 84111
Signed the 990
Rick Larsen, President & CEO
Phone
(801) 355-1272
Return prepared by
Larson & Company PC

Mission

A CONSERVATIVE PUBLIC POLICY THINK TANK, SUTHERLAND INSTITUTE IS PURSUING THE PATH TO "A NEW BIRTH OF FREEDOM" FOR AMERICA THROUGH A FREE MARKET ECONOMY, CIVIL SOCIETY, AND COMMUNITY-DRIVEN SOLUTIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • Outreach: The Institute strives to convene voices on all sides of important issues and facilitate sound, community-driven policy solutions. Newsletters, mailings, and events are all critical to both education and engagement. Newsletters provide summaries on important and topical issues. Events are held to coincide with policy publications and are held when topics rise to the level of public interest. Keynote speakers, ranging from elected officials to local and national subject experts, are joined by panelists representing diverse views.
    Expenses $648,050
  • Research: As a think tank, policy research on complex issues is core to the operations of the Institute. This includes active studies of current and historical academic research, proposed legislation in Utah - the region - and nationally. Collaboration with other think tanks, issues-oriented organizations and educational institutions, is part of the process as well. The Institute monitors social and legislative efforts that threaten to limit free market function, religious liberty, and the prioritization of families. Potential limitations are often embedded in seemingly unrelated or nebulous legislation, which necessitates a careful and ongoing watch of priority areas.
    Expenses $593,886
  • Lobbying: The Institute maintains government affairs staff who are registered lobbyists. The Institute reports its lobbying activities to the IRS using the expenditures test under a Section 501(h) election. Qualified and designated staff attend legislative sessions, interim sessions, and special sessions at Capitol Hill in Utah, and, at times, in Washington DC. Lobbyists are available to testify on the floor and before committees and sub-committees, meet with legislators, and determine areas of need with respect to the history and implications of pending legislation. Communications are shared on a nonpartisan basis through printed publications, fliers and emails. The Institute can provide policy research at a depth and scope that is difficult to obtain otherwise for members of a part-time legislature.
    Expenses $159,525

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
87-0531727
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
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B60)
Assets (IRS master file)
$1,000,783
Income (IRS master file)
$2,093,511

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,083,527$2,219,428$1,000,783XML
990December 2023$1,839,799$2,173,042$1,273,306XML
990December 2022$2,167,736$1,444,756$1,660,376IRS
990December 2021–––IRS
990December 2020–––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 87-0531727).

Questions about SUTHERLAND INSTITUTE

What is the EIN of SUTHERLAND INSTITUTE?
The employer identification number (EIN) of SUTHERLAND INSTITUTE is 87-0531727.
Is SUTHERLAND INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to SUTHERLAND INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SUTHERLAND 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 SUTHERLAND 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 SUTHERLAND 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 SUTHERLAND INSTITUTE?
The 990 for the year ended December 31, 2024 names Rick Larsen.
Who are the officers and directors of SUTHERLAND INSTITUTE?
The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $247,047 (Rick Larsen, president & ceo).
How much revenue does SUTHERLAND INSTITUTE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,083,527, expenses of $2,219,428 and total assets of $1,000,783 at year end.

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