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Ludwig Von Mises Institute For Austrian Economics Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521263436 ✦ Auburn, AL ✦ Designated as a 501(c)(3)

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Overview

What is Ludwig Von Mises Institute For Austrian Economics Inc?

The Ludwig Von Mises Institute for Austrian Economics Inc, situated in Auburn, Alabama, is a renowned nonprofit organization dedicated to the advancement of economic science. Their primary focus is on disseminating knowledge through publications and educational programs, catering to students, scholars, and individuals with an interest in economic education. The institute promotes the economic theories of Ludwig Von Mises and his intellectual predecessors and successors, utilizing teaching programs, research, fellowships, and scholarly publications to achieve its mission. This mission is carried out by a team of 33 dedicated professionals.


Official website here: www.mises.org

What are the reviews and ratings of this charity?

The Ludwig Von Mises Institute For Austrian Economics Inc has received a Four-Star out of Four Star rating from Charity Navigator, scoring 99%. This score reflects their accountability and financial health, emphasizing transparency and governance. Their high rating indicates excellent management of finances, evident from scores like a program expense ratio of 83.76% and a fundraising efficiency ratio of $0.05.

The institute has met all compliance requirements, showcasing a strong commitment to ethics through their conflict of interest, whistleblower, and document retention policies. The diverse, independent board and audit oversight contribute to a trustworthy structure. However, the evaluation lacks insights on leadership, adaptability, impact, and community engagement due to missing metrics in these areas.

In the absence of user reviews from GreatNonprofits, there is no available public feedback on personal experiences or perceived impact. This leaves a gap in understanding how the institute's work translates to individual or community benefits beyond fiscal responsibility.


This AI summary has been generated from information found on Charity Navigator.

Is Ludwig Von Mises Institute For Austrian Economics Inc legitimate?

Ludwig Von Mises Institute For Austrian Economics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ludwig Von Mises Institute For Austrian Economics Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $522,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,070,066

For more financial information, click here


Official website here: www.mises.org

What is the mission statement of Ludwig Von Mises Institute For Austrian Economics Inc?

The Ludwig Von Mises Institute for Austrian Economics Inc is dedicated to propagating the economic theories of Ludwig Von Mises, his predecessors, and his successors. They achieve this objective through various means, including teaching programs, research, fellowships, and scholarly publications. The main goal is to advance the field of economic science and share this knowledge with students, scholars, and individuals who are passionate about economic education. Their activities aim to foster a deeper understanding of economic theories and contribute to the ongoing discourse in this area.


Official website here: www.mises.org

What is the revenue of Ludwig Von Mises Institute For Austrian Economics Inc?

Ludwig Von Mises Institute For Austrian Economics Inc's revenue in 2023 was $8,505,782.


Official website here: www.mises.org

Who are the executives of Ludwig Von Mises Institute For Austrian Economics Inc and what are their salaries?

The average compensation at Ludwig Von Mises Institute For Austrian Economics Inc during 2023 was $66,466. There are 39 employees at Ludwig Von Mises Institute For Austrian Economics Inc.

Here are 20 key members and their salaries:


Llewellyn H Rockwell Jr (Chairman)
  • Compensation: $200,070
  • Related: $0
  • Other: $5,702
John V Denson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Paul (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Salerno (Director)
  • Compensation: $115,006
  • Related: $0
  • Other: $1,397
Yousef Almoayyed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Ayers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Barnett (Director)
  • Compensation: $25,000
  • Related: $0
  • Other: $0
Steve Berger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Decoster (Vice President)
  • Compensation: $128,775
  • Related: $0
  • Other: $6,470
Peter Klein (Director)
  • Compensation: $19,244
  • Related: $0
  • Other: $261
Greg Morin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Murrah (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Printz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Torello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Dilorenzo (President)
  • Compensation: $34,020
  • Related: $0
  • Other: $1,254
Kristal Holmes (Employee)
  • Compensation: $101,527
  • Related: $0
  • Other: $7,692
Ryan Mcmaken (Employee)
  • Compensation: $105,303
  • Related: $0
  • Other: $23,002
Michael Parish (Employee)
  • Compensation: $104,389
  • Related: $0
  • Other: $5,238
Judith Thommesen (Employee)
  • Compensation: $103,696
  • Related: $0
  • Other: $2,738
Jeffrey E Deist (Former President)
  • Compensation: $167,539
  • Related: $0
  • Other: $2,310


Official website here: www.mises.org

Where can I find the form 990 for Ludwig Von Mises Institute For Austrian Economics Inc?

Ludwig Von Mises Institute For Austrian Economics Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mises.org

Learn more at the official website: www.mises.org

Mission Statement of Ludwig Von Mises Institute For Austrian Economics Inc

The Ludwig Von Mises Institute for Austrian Economics Inc is dedicated to championing the economic theories of Ludwig Von Mises, his predecessors, and his successors. This nonprofit organization achieves this mission through various means, including scholarly publications, teaching programs, research initiatives, and fellowships. The primary objective is to advance the field of economic science, catering to the interest and education of students, scholars, and other individuals interested in economic studies. By offering these resources, the Ludwig Von Mises Institute for Austrian Economics Inc contributes to the promotion and dissemination of these economic theories, ensuring their continued relevance and influence in academic discourse and policy-making.

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Impact




July, 2024

The Ludwig Von Mises Institute For Austrian Economics Inc has a significant impact on promoting the economic theories of Ludwig Von Mises, his predecessors, and successors. Through teaching programs, research, fellowships, and scholarly publications, the Institute advances economic science and fosters a deeper understanding of Austrian economics. It provides valuable education for students, scholars, and individuals interested in economic theory and practice. By emphasizing the principles of individual choice, voluntary exchange, and sound money, the Institute contributes to the dissemination and application of free-market ideas in society.




This information is meant to be a general summary of Ludwig Von Mises Institute For Austrian Economics Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$8,505,782 (2023)
Expenses
$6,182,411 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $850,525
  • Program Service Revenue: $165,369
  • Gross Receipts: $8,645,755

Assets and Liabilities:

  • Total Assets: $50,537,947
  • Total Liabilities: $418,987
  • Net Assets: $50,118,960

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONFERENCE AND SEMINAR FEES

Revenue

$134,048

MASTERS PROGRAM

Revenue

$31,321

Organization Details

Founding Year

1982

Principal Officer

Dr Thomas Dilorenzo

NTEE Category

Code: V20 - Social research

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