NonprofitsThe Institute For New Economic Thinking Inc

Social Science

The Institute For New Economic Thinking Inc

NEW YORK, NY

Total revenue

$430K

Total expenses

$5.8M

Net assets

$8.9M

Grants received

$6.4M

15 grants

EIN

271916040

Tax year

2024

Mission

The institute for new economic thinking, inc. ("inet") provides fresh insight and thinking to promote changes in economic theory and practice through conferences, grants, and education initiatives.

Programs

3 programs

Researchiin 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.

Expenses: $868KGrants: $368K

Contentfounded 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).

Expenses: $834KGrants: $391

Multimedia productionin the filed of video and multimedia, inet released 50 new productions in 2024 across a wide range of formats, including in-depth educational series, animated explainers, videocasts, and interviews.other major programsinet convened and participated in events with leading economists and stakeholders on topics such as innovation and capabilities, patent law, ecological change, technology and privacy, emerging markets, and labor market dynamics.

Expenses: $1.2M

Financials

FY 2024

Revenue

Contributions & grants$44K
Program service revenue
Investment income$365K
Other revenue$21K
Total revenue$430K

Expenses

Grants paid$474K
Salaries & benefits$2.2M
Fundraising$615K
Other expenses$3.1M
Total expenses$5.8M
Total assets$9.9M
Net assets$8.9M

People

18 listed

NameRoleCompensation

ROBERT JOHNSON

PRESIDENT

Board

$446K

40 hrs/wk

JAMES DAVES

MANAGING DIRECTOR, GOVERNING BOARD

Board

$83K

20 hrs/wk

JASON SHURE

CFO, THRU JUNE 2024

Board

$50K

40 hrs/wk

GILLIAN TETT

DIRECTOR

Board

1 hrs/wk

RICHARD VAGUE

DIRECTOR

Board

1 hrs/wk

ANATOLE KALETSKY

DIRECTOR

Board

1 hrs/wk

NEVA GOODWIN

DIRECTOR

Board

1 hrs/wk

GAURAV DALMIA

DIRECTOR

Board

1 hrs/wk

SARAH ABELL

DIRECTOR

Board

1 hrs/wk

DRUMMOND PIKE

DIRECTOR

Board

1 hrs/wk

ROHINTON MEDHORA

DIRECTOR

Board

1 hrs/wk

JOHN A POWELL

DIRECTOR

Board

1 hrs/wk

DONNA FOLKERTS

CHIEF ADMIN OFFICER

Staff

$194K

40 hrs/wk

MATTHEW KULVICKI

DIRECTOR OF FILM AND VIDEO

Staff

$189K

40 hrs/wk

ALBERT T FERGUSON

DIRECTOR OF RESEARCH

Staff

$130K

40 hrs/wk

HESKE VAN DOONEN

DIRECTOR YOUNG SCHOLARS

Staff

$120K

40 hrs/wk

AUDRA AUCOIN

GRANTS MANAGER

Staff

$113K

40 hrs/wk

PIA MALANEY

ASSOC. REASEARCH DIRECTOR

Staff

$106K

40 hrs/wk

Independent contractors

RJS ASSOCIATES AND CONSULTANTS

FINANCIAL AND ACCOUNTING SERVICES

$137K

LYNN PARRAMORE

EDITING SERVICES

$133K

SHARMINI PERIES

PROFESSIONAL CONSULTING SERVICES

$131K

Grants received

Showing 15 of 15

FromAmountPurposeYear
$25K
General operating support
2024
$25K
General operating support
2023
$50K
CHARITABLE
2022
$25K
GENERAL OPERATING SUPPORT
2022
$23K
SUPPORT FOR THE 2022 YOUNG SCHOLARS INITIATIVE ANNUAL MEETING, WORKING GROUPS AND PROJECT SUPPORT RELATING TO THE TOPICS OF FUTURE OF WORK AND INNOVATION. 202107-10894
2022
$25K
General operating support
2021
$5.8M
to provide general support
2020
$100K
POLICY RESEARCH & REFORM
2020
$50K
CHARITABLE
2020
$25K
General operating support
2020
$8K
Economic education
2020
$50K
PUBLIC, SOCIETAL BENEFIT
2019
$35K
For grant recipient's exempt purposes
2019
$8K
Economic education
2019

Funded by

$6.4M from 9 funders · 15 grants · 2019–2024

Open Society Institute

$5.8M · 1 grant · 2020

Amalgamated Charitable Foundation Inc

$125K · 5 grants · 2020–2024

The Malcolm Hewitt Wiener Foundation

$100K · 1 grant · 2020

The Mai Family Foundation

$100K · 2 grants · 2020–2022

Ewing Marion Kauffman Foundation

$23K · 1 grant · 2022

Details

EIN271916040
NTEE codeV22
Subsection03
Ruling date2016-01
Formed2010
Employees12
Volunteers10
THE INSTITUTE FOR NEW ECONOMIC THINKING INC — Mission, Financials & Grants Received | Grantivo