Institute for Humane Studies FY2020 filing

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The Institute discovers, develops, and supports students, scholars, and other intellectuals who maintain the highest standard of academic excellence and who share an interest in the principles of the classical liberal tradition.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$1.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $3.6M a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $77K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21.1M
Spent
$17.0M
To programs
79%
Net assets
$13.0M
By yearFY2020–FY2025
Revenue
$21.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$21.1M
FY2021$17.7M
FY2022$20.9M
FY2023$17.2M
FY2024$31.1M
FY2025$21.1M
Expenses
$17.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$17.0M
FY2021$16.5M
FY2022$17.1M
FY2023$18.3M
FY2024$18.2M
FY2025$20.4M
Net assets
$13.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$13.0M
FY2021$14.3M
FY2022$17.7M
FY2023$16.4M
FY2024$29.2M
FY2025$29.8M

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $13.5M Management & general 9% · $1.6M Fundraising 12% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President and CEO
$455,000Pt VII · Sec A
Executive Director
$291,250Pt VII · Sec A
Chief Operating Officer
$246,250Pt VII · Sec A
Managing Director of Communications
$176,250Pt VII · Sec A
Managing Director of Programs
$167,500Pt VII · Sec A
Director of Development
$161,250Pt VII · Sec A
Managing Director of Pmc
$160,000Pt VII · Sec A
Director of Marketing, Development
$147,320Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Emily Chamlee-Wright$537,300$502,992$485,450$464,300$440,000$455,000
Courtney Derr$343,650$310,167$269,950$204,139$186,250$167,500
Ronald Chad Thevenot————$295,000$291,250
Todd Hathaway———$260,000$250,000$246,250
Kyle Hartz——$231,716$168,131$171,250$160,000
Sarah Straw$201,718$196,916$167,091———
Christopher Grozev——$192,275$141,886——
Ronald Thevenot———$183,550——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Institute for Humane Studies executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports and develops scholars and students whose academic work explores the principles of classical liberalism, economic freedom, and their contributions to human flourishing.

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3 programs · $11.7M · in their own filed words · FY2019
01

Faculty Support Programs

The Institute's faculty-support programs work to help faculty who are engaged with ideas in the classical liberal intellectual tradition to improve the reach and effectiveness of their teaching, research, and campus activities.

$6.7Mprogram expense
02

Academic Talent-Development Programs

The Institute's academic talent-development programs work to develop talented graduate students who are interested in careers in academia. It accomplishes this through fellowships, grants, career development workshops, academic research seminars, and networking at academic conferences.

$3.8Mprogram expense
03

Student Education and Outreach Programs

The Institute's student educational programs work to inspire and educate a wide range of young people with ideas in the classical liberal intellectual tradition, encourage interested students to learn more, and identify and evaluate students who have the potential to make scholarly contributions to a free and open society.

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 5 funders →
Grants paid · 195 grants · $10.7M · 2019–2024
Unitemized GrantFY2024$1,863,622
Unitemized GrantFY2024$149,226
University of RochesterNY · FY2024$93,000
George Mason UniversityFY2024$61,500
Cairn UniversityPA · FY2024$60,000
Hillsdale CollegeMI · FY2024$55,000
Grove City CollegePA · FY2024$49,500
Hampden-Sydney CollegeVA · FY2024$48,500
Washington CollegeMD · FY2024$45,550
University of Minnesota SystemFY2024$43,340
University of ArizonaFY2024$43,160
Arizona State UniversityFY2024$37,825
Northern Kentucky UniversityFY2024$36,560
Michigan State UniversityMI · FY2024$35,500
See all 195 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$21.1M
Ln 12
Gifts and grantsLn 1h$20.6M
Other incomeLn 4–11$327K
Fees for servicesLn 2g$82K
Money outPt IX
$17.0M
Ln 25
Programscol B$13.5M
Managementcol C$1.6M
Fundraisingcol D$2.0M
Owns and owesPt X
$13.0M
net assets · Ln 32
Cash and savingsLn 1–2$11.0M
Total assetsLn 16$15.1M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
18
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20.6M
Noncash giftsLn 1g$199K
Fees for servicesLn 2g$82K
Investment incomeLn 3$67K
Other incomeLn 4–11$327K
Gains on assetsLn 7−$13K
Total revenueLn 12$21.1M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$9.7M
Cash and savings togetherLn 1–2$11.0M
Pledges and grants receivableLn 3$900K
Accounts receivableLn 4$884K
Prepaid expenses and deferred chargesLn 9$16K
Land, buildings, equipmentLn 10c$528K
InvestmentsLn 11–13$1.8M
Total assetsLn 16$15.1M
LiabilitiesLn 26$2.1M
Net assetsLn 32$13.0M
OperationsPt I, VI
EmployeesI 5110
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$33K
Noncash gifts receivedSch M Pt I$199K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$13K
Share of the $122K endowmentSch D 1g10.5%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$122K$122K$122K$121K$121K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$7.1M$11.0M
InvestmentsLn 11–13$1.8M$1.8M
Land, buildings, equipmentLn 10c$796K$528K
Total assetsLn 16$10.6M$15.1M
LiabilitiesLn 26$1.8M$2.1M
Net assetsLn 32$8.8M$13.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$335K$335K
Grants to domestic individualsLn 2$96K$96K
Grants and assistance to foreign recipientsLn 3$37K$37K
Pay of current officers, directors and key staffLn 5$1.1M$227K$682K$227K
Other salaries and wagesLn 7$7.3M$5.9M$435K$979K
Other employee benefitsLn 9$652K$530K$48K$74K
Payroll taxesLn 10$582K$436K$62K$83K
Legal feesLn 11b$11K$703$2K$8K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$2.9M$2.7M$32K$110K
Advertising and promotionLn 12$260K$255K$39$5K
Office expensesLn 13$540K$290K$25K$225K
Information technologyLn 14$381K$254K$92K$34K
OccupancyLn 16$1.3M$1.1M$121K$151K
TravelLn 17$718K$692K$18K$9K
Conferences, conventions and meetingsLn 19$421K$413K$5K$2K
Depreciation, depletion and amortizationLn 22$232K$185K$21K$26K
InsuranceLn 23$25K$23K$2K
Other expenses (24a–d)Ln 24$55K$24K$7K$24K
Total functional expensesLn 25$17.0M$13.5M$1.6M$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 11, 2026 $21.1M$20.4M$685K$29.8M 990 PDF
FY2024Filed with the IRS Mar 17, 2025 $31.1M$18.2M$12.9M$29.2M 990 PDF
FY2023Filed with the IRS Feb 26, 2024 $17.2M$18.3M−$1.1M$16.4M 990 PDF
FY2022Filed with the IRS Feb 27, 2023 $20.9M$17.1M$3.8M$17.7M 990 PDF
FY2021Filed with the IRS Feb 9, 2022 $17.7M$16.5M$1.2M$14.3M 990 PDF
FY2020 ViewingFiled with the IRS Feb 8, 2021 $21.1M$17.0M$4.1M$13.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $21,122,878 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,657,386$20,646,528
I-9 Program service revenuePrior year $132,552$82,006
I-10 Investment incomePrior year $147,119$67,256
I-11 Other revenuePrior year $185,712$327,088
I-12 Total revenuePrior year $19,122,769$21,122,878
I-13 Grants and similar amounts paidPrior year $610,944$468,114
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,254,566$9,660,850
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,259,095$6,874,182
I-18 Total expensesPrior year $18,124,605$17,003,146
I-19 Revenue less expensesPrior year $998,164$4,119,732
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $21,122,878 across 9 lines filed
VIII-1f All other contributions, gifts and grants$20,646,528
VIII-1g Noncash contributions (included above)$198,603
VIII-1h Total contributions, gifts and grants$20,646,528
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $82,006$82,006
VIII-3 Investment incomeExcluded from tax $80,524$80,524
VIII-6 Net rental income or lossExcluded from tax $320,383$320,383
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,268−$13,268
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,705$6,705
VIII-12 Total revenueRelated to mission $82,006 · Unrelated business $0 · Excluded from tax $394,344$21,122,878
Part IX · Statement of functional expenses $17,003,146 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $334,539$334,539
IX-2 Grants to domestic individualsPrograms $96,445$96,445
IX-3 Grants and assistance to foreign recipientsPrograms $37,130$37,130
IX-5 Pay of current officers, directors and key staffPrograms $227,253 · Management $681,759 · Fundraising $227,253$1,136,265
IX-7 Other salaries and wagesPrograms $5,876,552 · Management $435,207 · Fundraising $979,243$7,291,002
IX-9 Other employee benefitsPrograms $530,331 · Management $47,566 · Fundraising $74,132$652,029
IX-10 Payroll taxesPrograms $436,355 · Management $62,257 · Fundraising $82,942$581,554
IX-11b Legal feesPrograms $703 · Management $2,428 · Fundraising $7,693$10,824
IX-11c Accounting feesManagement $10,498$10,498
IX-11f Investment management feesManagement $12,759$12,759
IX-11g Other fees for servicesPrograms $2,727,046 · Management $31,928 · Fundraising $110,188$2,869,162
IX-12 Advertising and promotionPrograms $254,631 · Management $39 · Fundraising $5,099$259,769
IX-13 Office expensesPrograms $290,237 · Management $25,065 · Fundraising $224,647$539,949
IX-14 Information technologyPrograms $254,412 · Management $91,998 · Fundraising $34,270$380,680
IX-16 OccupancyPrograms $1,067,356 · Management $120,660 · Fundraising $151,348$1,339,364
IX-17 TravelPrograms $691,713 · Management $17,909 · Fundraising $8,820$718,442
IX-19 Conferences, conventions and meetingsPrograms $413,335 · Management $4,744 · Fundraising $2,470$420,549
IX-22 Depreciation, depletion and amortizationPrograms $185,091 · Management $20,901 · Fundraising $26,243$232,235
IX-23 InsurancePrograms $22,804 · Fundraising $2,263$25,067
IX-24 Other expenses (24a–d)Programs $23,906 · Management $6,606 · Fundraising $24,372$54,884
IX-25 Total functional expensesPrograms $13,469,839 · Management $1,572,324 · Fundraising $1,960,983$17,003,146
Part X · Balance sheet $15,087,210 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,178,598$1,275,680
X-2 Savings and temporary cash investmentsStart of year $5,894,911$9,705,908
X-3 Pledges and grants receivableStart of year $350,000$900,000
X-4 Accounts receivableStart of year $365,141$883,794
X-9 Prepaid expenses and deferred chargesStart of year $42,656$16,210
X-10c Land, buildings and equipment, netStart of year $795,944$528,225
X-11 Publicly traded securitiesStart of year $1,795,581$1,777,393
X-15 Other assetsStart of year $153,915$0
X-16 Total assetsStart of year $10,576,746$15,087,210
X-17 Accounts payable and accrued expensesStart of year $465,739$347,228
X-18 Grants payableStart of year $0$19,000
X-19 Deferred revenueStart of year $0$139,622
X-25 Other liabilitiesStart of year $1,320,650$1,586,863
X-26 Total liabilitiesStart of year $1,786,389$2,092,713
X-27 Net assets without donor restrictionsStart of year $7,370,753$11,870,720
X-28 Net assets with donor restrictionsStart of year $1,419,604$1,123,777
X-32 Total net assets or fund balancesStart of year $8,790,357$12,994,497
X-33 Total liabilities and net assetsStart of year $10,576,746$15,087,210
Part XI · Reconciliation of net assets $12,994,497 net assets at year end
XI-1 Total revenue$21,122,878
XI-2 Total expenses$17,003,146
XI-3 Revenue less expenses$4,119,732
XI-4 Net assets at start of year$8,790,357
XI-5 Net unrealized gains (losses) on investments$84,408
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,994,497

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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