AMERICAN INSTITUTE FOR ECONOMIC RESEARCH Charity Report

Public IRS 990 nonprofit record

AMERICAN INSTITUTE FOR ECONOMIC RESEARCH

EIN 04-2121305 · Science & Technology Research Institutes & Services (V220)

What they do

AMERICAN INSTITUTE for ECONOMIC RESEARCH (AIER) EDUCATES PEOPLE ON THE VALUE of PERSONAL FREEDOM, FREE ENTERPRISE, PROPERTY RIGHTS, LIMITED GOVERNMENT and SOUND MONEY. AIERS ONGOING SCIENTIFIC RESEARCH DEMONSTRATES THE IMPORTANCE of THESE PRINCIPLES IN ADVANCING PEACE, PROSPERITY and HUMAN PROGRESS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

49.42%of revenue went to mission work70.0% of expenses · Program services

8.41%of revenue went to fundraising11.9% of expenses

$70.64spent for every $100 of revenueRevenue covered expenses this year.

12.81%of revenue went to management and office costs18.1% of expenses

$24.43in assets for every $1 spent this yearSome assets cannot be spent right away.

73.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $353,398 for SAMUEL GREGG (PRESIDENT/FRIEDRICH HAYEK CHAIR IN ECONOMICS & ECO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$13,156,984

Mission workProgram services$6,502,62449.42% of revenue70.0% of expenses

ManagementOffice and general costs$1,685,12312.81% of revenue18.1% of expenses

FundraisingAsking for donations$1,106,3488.41% of revenue11.9% of expenses

Revenue left after expensesReported annual surplus$3,862,88929.36% of revenueShown in gray on the chart

Total expenses$9,294,09570.64% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2025CurrentExpense mix: 70.0% mission · 18.1% management · 11.9% fundraisingTotal expenses: 70.64% of revenue

2024Expense mix: 78.6% mission · 11.2% management · 10.1% fundraisingTotal expenses: 169.34% of revenue

2023Expense mix: 78.4% mission · 10.9% management · 10.7% fundraisingTotal expenses: 191.98% of revenue

2022Expense mix: 72.6% mission · 14.7% management · 12.7% fundraisingTotal expenses: 251.84% of revenue

2021Expense mix: 67.9% mission · 17.8% management · 14.3% fundraisingTotal expenses: 204.55% of revenue

2020Expense mix: 71.8% mission · 12.2% management · 16.1% fundraisingTotal expenses: 272.87% of revenue

2019Expense mix: 67.2% mission · 14.4% management · 18.4% fundraisingTotal expenses: 147.78% of revenue

2018Expense mix: 70.3% mission · 14.5% management · 15.2% fundraisingTotal expenses: 230.80% of revenue

Money in and money out

Revenue$13,156,984

Expenses$9,294,095

Annual surplus $3,862,889 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,502,624 · 70.0% of expenses

Management and office costs$1,685,123 · 18.1% of expenses

Fundraising$1,106,348 · 11.9% of expenses

See all reported dollar amounts

Revenue$13,156,984

Expenses$9,294,095

Assets$227,083,306

Income$18,540,800

Contributions$9,608,864

Mission work (program services)$6,502,624

Fundraising$1,106,348

Management and general$1,685,123

Stocks and bonds$41,317,035

Accounting fees$67,481

Investing fees$90,456

People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SAMUEL GREGGPRESIDENT/FRIEDRICH HAYEK CHAIR IN ECONOMICS & ECO · 40 hrs/week $353,398Base $338,492 · Other $14,906

MICHELE M KEARNSVICE PRESIDENT, FINANCE & HR · 40 hrs/week $321,790Base $284,145 · Other $37,645

WILLIAM RUGERPRESIDENT/DIRECTOR OF RESEARCH & EDUCATION (UNTIL · 40 hrs/week $236,413Base $226,392 · Other $10,021

BRITTNEY PAULDIRECTOR OF STRATEGIC PARTNERSHIPS · 40 hrs/week $182,744Base $161,701 · Other $21,043

JASON SORENSSENIOR RESEARCH FELLOW · 40 hrs/week $173,455Base $165,858 · Other $7,597

RYAN YONKDIRECTOR OF EDUCATION & SENIOR RESEARCH FELLOW · 40 hrs/week $172,691Base $165,125 · Other $7,566

LAURIE B PSHENISHNYCOMPTROLLER · 40 hrs/week $170,019Base $146,130 · Other $23,889

JASON KELLYDIRECTOR OF DATA & TECHNOLOGY · 40 hrs/week $165,112Base $147,684 · Other $17,428

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

SAMUEL GREGGPRESIDENT/FRIEDRICH HAYEK CHAIR IN ECONOMICS & ECO

MICHELE M KEARNSVICE PRESIDENT, FINANCE & HR

WILLIAM RUGERPRESIDENT/DIRECTOR OF RESEARCH & EDUCATION (UNTIL

BRITTNEY PAULDIRECTOR OF STRATEGIC PARTNERSHIPS

JASON SORENSSENIOR RESEARCH FELLOW

RYAN YONKDIRECTOR OF EDUCATION & SENIOR RESEARCH FELLOW

LAURIE B PSHENISHNYCOMPTROLLER

JASON KELLYDIRECTOR OF DATA & TECHNOLOGY

KATHERINE H DELAYCHAIR (UNTIL 10/25)

TERRY W ANKERCHAIR (AS OF 10/25)

TERRY KIBBETRUSTEE

SURSE T PIERPOINTTRUSTEE

ROBERT SCHIMENZSECRETARY

REED E PHILLIPSTRUSTEE

NELSON E FURLANOTRUSTEE

ADAM KISSELTRUSTEE

JAMES C LORDEMANTRUSTEE

GERALD P DWYERTRUSTEE

FREDERICK C HARWOODTRUSTEE

DOUGLAS L HARWOODTRUSTEE

BRADLEY K HOBBSTRUSTEE

BENJAMIN W POWELLTRUSTEE

BARRY LINDERTRUSTEE (AS OF 10/25)

About this charity

Recognized since: January 1999
Location: 250 DIVISION ST, GT BARRINGTON, MA 01230-1119
County: Berkshire
In care of: MICHELE M KEARNS
Primary officer: MICHELE M KEARNS, VICE PRESIDENT OF FINANCE

How to reach them

WebsiteVisit the charity’s website Emailinfo@aier.org Phone(413) 528-1216

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Science & Technology Research Institutes & Services (V220)