THE INDEPENDENT INSTITUTE Charity Report

Public IRS 990 nonprofit record

THE INDEPENDENT INSTITUTE

EIN 94-3008370 · Research Institutes & Public Policy Analysis (W05)

What they do

ESTABLISHED IN THE ENTREPRENEURIAL SPIRIT of ITS HOME IN SILICON VALLEY, THE NON-PROFIT, NON-PARTISAN INDEPENDENT INSTITUTE EMPLOYS INNOVATIVE THINKING to BOLDLY ADVANCE PEACEFUL, PROSPEROUS, and FREE SOCIETIES GROUNDED IN A COMMITMENT to HUMAN WORTH and DIGNITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $77.50 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 2024The charity has a recent tax report to read.

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

They name their leaders16 people are listed in the latest report.

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

Money made simple

78.56%of revenue went to mission work77.5% of expenses · Program services

12.44%of revenue went to fundraising12.3% of expenses

$101.35spent for every $100 of revenueSpending was higher than revenue this year.

10.36%of revenue went to management and office costs10.2% of expenses

$1.96in assets for every $1 spent this yearSome assets cannot be spent right away.

85.1%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.

Worth asking: Expenses exceeded revenue by $88,077 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $296,289 for GRAHAM H WALKER (PRESIDENT). 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 2024

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$6,514,941

Mission workProgram services$5,118,05178.56% of revenue77.5% of expenses

ManagementOffice and general costs$674,73310.36% of revenue10.2% of expenses

FundraisingAsking for donations$810,23412.44% of revenue12.3% of expenses

Total expenses$6,603,018101.35% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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

2024CurrentExpense mix: 77.5% mission · 10.2% management · 12.3% fundraisingTotal expenses: 101.35% of revenue

2023Expense mix: 79.8% mission · 9.5% management · 10.6% fundraisingTotal expenses: 58.93% of revenue

2022Expense mix: 83.0% mission · 7.7% management · 9.3% fundraisingTotal expenses: 123.70% of revenue

2021Expense mix: 79.8% mission · 10.0% management · 10.2% fundraisingTotal expenses: 89.66% of revenue

2020Expense mix: 83.7% mission · 5.3% management · 11.0% fundraisingTotal expenses: 98.83% of revenue

2019Expense mix: 82.6% mission · 6.5% management · 10.9% fundraisingTotal expenses: 105.08% of revenue

2018Expense mix: 83.4% mission · 6.0% management · 10.6% fundraisingTotal expenses: 93.41% of revenue

2017Expense mix: 85.5% mission · 5.3% management · 9.2% fundraisingTotal expenses: 106.08% of revenue

Money in and money out

Revenue$6,514,941

Expenses$6,603,018

Annual shortfall $88,077 Expenses were higher than revenue 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)$5,118,051 · 77.5% of expenses

Management and office costs$674,733 · 10.2% of expenses

Fundraising$810,234 · 12.3% of expenses

See all reported dollar amounts

Revenue$6,514,941

Expenses$6,603,018

Assets$12,956,735

Income$8,110,040

Contributions$5,542,509

Mission work (program services)$5,118,051

Fundraising$810,234

Management and general$674,733

Executive compensation (total)$214,749

Stocks and bonds$7,783,093

Accounting fees$193,753

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

GRAHAM H WALKERPRESIDENT · 40 hrs/week $296,289Base $281,510 · Other $14,779

PHIL MAGNESSDJT CHAIR · 40 hrs/week $226,837Base $219,415 · Other $7,422

WILLIAMSON EVERSSENIOR FELLOW AND COEE DIRECTOR · 40 hrs/week $206,160Base $189,925 · Other $16,235

BRADLEY DEVOSCHIEF OPERATING OFFICER · 40 hrs/week $172,385

IVAN ELANDSENIOR FELLOW AND COPAL DIRECTOR · 40 hrs/week $171,666Base $155,670 · Other $15,996

LAWRENCE MCQUILLANSENIOR FELLOW AND COEI DIRECTOR · 40 hrs/week $154,658Base $138,094 · Other $16,564

JACOB TURNROSEDIRECTOR OF DEVELOPMENT · 40 hrs/week $135,335Base $134,480 · Other $855

GABRIEL GASAVEDIRECTOR OF THE CENTER ON GLOBAL PROSPERITY · 40 hrs/week $120,119Base $110,412 · Other $9,707

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 (16)

GRAHAM H WALKERPRESIDENT

PHIL MAGNESSDJT CHAIR

WILLIAMSON EVERSSENIOR FELLOW AND COEE DIRECTOR

BRADLEY DEVOSCHIEF OPERATING OFFICER

IVAN ELANDSENIOR FELLOW AND COPAL DIRECTOR

LAWRENCE MCQUILLANSENIOR FELLOW AND COEI DIRECTOR

JACOB TURNROSEDIRECTOR OF DEVELOPMENT

GABRIEL GASAVEDIRECTOR OF THE CENTER ON GLOBAL PROSPERITY

DAVID J TEECEDIRECTOR

JOHN B ESTILLDIRECTOR

JOHN HAGEL IIIDIRECTOR

MARY L G THEROUXCHAIRMAN AND CEO

MICHAEL S CASSLINGDIRECTOR

SALLY S HARRISDIRECTOR

SARAH A ODOWDDIRECTOR

SUSAN SOLINSKYDIRECTOR

About this charity

Recognized since: January 1986
Location: 100 SWAN WAY STE 200, OAKLAND, CA 94621-1459
County: Alameda
In care of: MARY LG THEROUX
Primary officer: MARY LG THEROUX, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(510) 632-1366

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BRYMAR CPA LLP
NTEE classification: Research Institutes & Public Policy Analysis (W05)
IRS tax category: Research Institutes & Public Policy Analysis