irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $868KRESEARCHIIN 2024, INET SUPPORTED APPROXIMATELY 50 RESEARCH GRANTS AND LAUNCHED 9 NEW INITIATIVES. THE WORKING PAPER SERIES ADDED 17 PAPERS, BRINGING THE TOTAL TO 231. WORKING PAPERS EXAMINED THE CONSUMER WELFARE MODEL IN ANTITRUST, AI AND MARKET STRUCTURE, PHARMACEUTICAL PRICING, THE TRANSITION TO ELECTRIC VEHICLES, U.S. HOUSEHOLD INDEBTEDNESS, AND ADDITIONAL DRIVERS OF ECONOMIC IMBALANCES.
- #2 $834KCONTENTFOUNDED IN 2009 AFTER THE FINANCIAL CRISIS, THE INSTITUTE FOR NEW ECONOMIC THINKING (INET) IS A NONPARTISAN, NONPROFIT ORGANIZATION THAT DEVELOPS AND SHARES RESEARCH-BASED IDEAS TO STRENGTHEN ECONOMIC PERFORMANCE AND BROADEN OPPORTUNITY. TO MEET CURRENT AND FUTURE CHALLENGES, INET CONDUCTS AND COMMISSIONS RESEARCH, CONVENES FORUMS FOR THE EXCHANGE OF IDEAS, AND NURTURES A COMMUNITY OF YOUNG SCHOLARS. WE INCUBATE NEW ECONOMIC APPROACHES WITHIN ACADEMIA AND BEYOND, THEN AMPLIFY THIS WORK THROUGH PUBLICATIONS, MULTIMEDIA, AND THE YOUNG SCHOLARS INITIATIVE (YSI).
named programs · 4 · from sources
What they call their work
Content and Publications
Develops and shares research-based ideas through articles, reports, and digital content to strengthen economic performance and broaden opportunity.
Multimedia Production
Produces educational video series, animated explainers, interviews, and documentaries to communicate economic ideas; has released over 70 new productions in a single year.
Research Grants Program
Supports approximately 50 research grants annually on topics including AI and market structure, pharmaceutical pricing, and economic imbalances; produces a working paper series with over 230 publications.
Young Scholars Initiative (YSI)
Global network fostering early-career economists through workshops, webinars, reading groups, and local hubs; organized over 120 projects in 2023 across six world regions.
activities · 5 groups
What they do
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Economic and Financial Research 1 activity
- Funding and conducting economic researchSupports and conducts high-impact economic research on topics including inequality, political finance, public investment, and systemic reform, with funded research ranking in the top 5% of Altmetric attention. The Institute has published influential studies on NIH contributions to drug development, Social Security’s impact on poverty, and fiscal policy effects in Italy, and maintains a working paper series with over 231 papers.
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Student Organization Funding and Support 1 activity
- Funding events organized by external student groupsProvides grant support for events hosted by student organizations through its Events Grants Program, funding 23 such events in 2023 to expand engagement with new economic thinking.
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Leadership & Policy Dialogue Forums 1 activity
- Organizing interdisciplinary conferences and forumsConvenes expert forums and conferences such as the Law, Economics and Policy Conference, LEPC VII, and the International Conference on Digitalisation, Market and Society to foster interdisciplinary dialogue on global economic challenges, regional development, and digital transformation.
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Podcast and Radio Production 1 activity
- Producing and distributing educational multimedia contentProduces and releases educational multimedia including podcasts, interviews, animated explainers, and video series, releasing 70 new productions in 2023 and expanding its library to over 2,000 videos.
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Uncategorized 1 activity
- Building capacity through scholar networks and training programsSupports the Young Scholars Initiative (YSI) with over 22,000 members and organizes capacity-building initiatives including the Monsoon School on Inequality 2025 and over 100 in-person and 20 virtual events annually, such as workshops, webinars, and reading groups, to advance pluralistic economic thinking globally.
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financials · form 990 · fy2024
revenue
Total revenue$430K
Contributions & grants$44K10%
Program service revenue$00%
Investment income$365K85%
Other revenue$21K
expenses
Total expenses$5.80M
Program expenses76%
Admin / overhead14%
Fundraising11%
Salaries & benefits$2.22M
Grants paid out$474K
Largest expense lineCompensation
balance sheet
Total assets$9.92M
Cash$2.71M
Investments$6.21M
Liabilities$1.06M
Net assets$8.86M
Liquid reserves18.4 mo
3 years on record · 2020–2024 · YoY revenue -43.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 9
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ROBERT JOHNSON | PRESIDENT | 40 | $521K |
| MATTHEW KULVICKI | DIRECTOR OF FILM AND VIDEO | 40 | $213K |
| DONNA FOLKERTS | CHIEF ADMIN OFFICER | 40 | $206K |
| HESKE VAN DOONEN | DIRECTOR YOUNG SCHOLARS | 40 | $165K |
| PIA MALANEY | ASSOC. REASEARCH DIRECTOR | 40 | $162K |
| AUDRA AUCOIN | GRANTS MANAGER | 40 | $154K |
| ALBERT T FERGUSON | DIRECTOR OF RESEARCH | 40 | $135K |
| JAMES DAVES | MANAGING DIRECTOR, GOVERNING BOARD | 20 | $83K |
| JASON SHURE | CFO, THRU JUNE 2024 | 40 | $69K |
board members · 9
- ANATOLE KALETSKY — DIRECTOR
- DRUMMOND PIKE — DIRECTOR
- GAURAV DALMIA — DIRECTOR
- GILLIAN TETT — DIRECTOR
- JOHN A POWELL — DIRECTOR
- NEVA GOODWIN — DIRECTOR
- RICHARD VAGUE — DIRECTOR
- ROHINTON MEDHORA — DIRECTOR
- SARAH ABELL — DIRECTOR
relationships · 37
Who they work with
- Adair Turner Partner — Co-leads the Private Debt and Secular Stagnation research initiatives
- BASIC INCOME NETWORK ITALIA Partner — Recipient of a $49,950 grant in 2020 for operational support
- BENTLEY UNIVERSITY Partner — Recipient of a $50,000 grant in 2020 for operational support
- Bentley University Partner — Academic institution affiliated with Fred Ledley, whose research was funded by INET.
- Center on Budget and Policy Priorities Partner — Cites research from the Center on Budget and Policy Priorities on Social Security's impact on elderly poverty.
- Centre for International Governance Innovation Partner — Partnered with CIGI to support the Commission on Global Economic Transformation.
- Commission on Global Economic Transformation Partner — Collaborates to apply new economic thinking to global policy challenges.
- Darren Bush Partner — Expert contributor to research and publications
- European Commission Government — Subject of critical analysis regarding its fiscal rules and debt sustainability assessments for EU member states, particularly Italy.
- Federal Election Commission Government — Source of data used to analyze donor contribution patterns in U.S. Senate races.
- Ferguson, Jorgensen, and Chen Partner — Collaborates on research analyzing the role of money in U.S. congressional elections and political leadership funding patterns.
- Gabriel Lozada Partner — Expert contributor to research and publications
- International Monetary Fund Government — Cited as a source supporting the argument that fiscal consolidations do not reliably reduce debt-to-GDP ratios.
- James Heckman Partner — Co-leads the Human Capital and Economic Opportunity program
- Joseph Stiglitz Partner — Co-chairs the Commission on Global Economic Transformation
- LONDON BUSINESS SCHOOL Partner — Recipient of a $94,998 grant in 2020 for financial stability research
- Mark Glick Partner — Expert contributor to research and publications
- Michael Spence Partner — Co-chairs the Commission on Global Economic Transformation
- NEW YORK UNIVERSITY Partner — Recipient of a $128,252 grant in 2020 for imperfect knowledge economics research
- National Archives Partner — Collaborated with the National Archives to assemble historical political finance records.
- Rob Johnson Partner — Co-leads the Private Debt and Secular Stagnation research initiatives
- Robert Dugger Partner — Co-leads the Human Capital and Economic Opportunity program
- STITCHING UNIVERSITY EUROPEAN CLIMATE FOUNDATION Partner — Recipient of a $96,484 grant in 2020 for operational support
- Steven Durlauf Partner — Co-leads the Human Capital and Economic Opportunity program
- THE ACADEMIC-INDUSTRY RESEARCH NETWORK Partner — Recipient of a $149,864 grant in 2020 for operational support
- TRUSTEES OF COLUMBIA UNIVERSITY Partner — Recipient of a $260,902 grant in 2020 for macro efficiency and innovation research
- The Healthcare Policy Podcast with David Introcaso Partner — Featured INET researcher Thomas Ferguson in an interview discussing economic policy.
- The Lever Partner — Featured Fred Ledley's INET working paper on public funding for pharmaceutical development.
- Thomas Ferguson Partner — Leads research on financial stability, historical political finance data, and the political economy of distribution
- UCL FRIENDS AND ALUMNI ASSOCIATION INC Partner — Recipient of an $82,675 grant in 2020 for decision-related research
+ 7 more
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Advancing Methodological Reform in Economic Analysismethodology: methodological-reform-in-economicsBy challenging the limitations of conventional economic metrics and models—such as assumptions of predictability and neutrality—the organization promotes more realistic frameworks because accurate policy responses depend on methods that reflect real-world uncertainty, power dynamics, and distributional impacts.
- Cross-Disciplinary and Pluralistic Research Integrationmethodology: multidisciplinary_collaborationBy integrating insights from diverse disciplines and economic schools of thought, the organization overcomes narrow analytical frameworks because complex economic problems require pluralistic and interdisciplinary approaches to generate robust, innovative solutions.
- Incubation and Amplification of Alternative Economic Ideasmethodology: idea_incubation_and_amplificationBy incubating alternative economic ideas within and beyond academia and amplifying them to influencers, policymakers, and the public, the organization overcomes institutional resistance to economic change because new paradigms require both intellectual development and strategic dissemination to gain traction.
- Reframing Economic Discourse Through Evidence and Narrativemethodology: discourse_shiftBy producing and disseminating empirical research—such as campaign finance analysis—and using public education to reframe narratives, the organization shifts mainstream discourse on economic justice because public understanding and policy change depend on both data and storytelling that challenge dominant myths.