2024-09-11T14:14:30-05:00 2023-12-31 473945960 ROBERT S DIETERLE 209 HICKMAN STREET REHOBOTH BEACH DE 19971 990 2023-01-01 431885542 THE RONALD COASE INSTITUTE RONA 3148620351 ALEXANDRA BENHAM 6346 WATERMAN AVE ST LOUIS MO 631304707 MARY M SHIRLEY PRESIDENT 2022580564 2024-09-11 1 0 ROBERT S DIETERLE P00227272 3027274292 2024-09-11 X 2023 2024-08-08 14:25:15Z MARY M SHIRLEY PO BOX 423 PHILOMONT VA 20131 135720 0 X WWW.COASE.ORG X 2000 MO TO CONDUCT AND PROMOTE ECONOMIC RESEARCH ON REAL ECONOMIC SYSTEMS. 9 9 0 21 0 0 37542 61219 2400 0 5109 24501 0 0 45051 85720 0 1000 0 0 0 0 0 0 45 22719 39091 22719 40091 22332 45629 555282 600911 0 0 555282 600911 X TO IMPROVE THE CAPACITY OF SCHOLARS TO STUDY INSTITUTIONAL PROBLEMS INTHEIR OWN COUNTRIES THROUGH WORKSHOPS AND OTHER EDUCATIONALACTIVITIES & TO CONDUCT AND PROMOTE RESEARCH ON THE INSTITUTIONS OF REAL ECONOMIC SYSTEMS. 0 0 36708 1000 ALUMNI MENTORING AND SUPPORT/EDCUATION & NETWORKING:A. ORGANIZED A ZOOM PRESENTATION OF USEFUL NEW RESEARCH ON AUTOCRACY NOT AVAILABLE TO ALUMNI ELSEWHERE, B. PARTICIPATED IN THE ANNUAL MEETINGS AT THE UNIVERSITY OF FRANKFURT, GERMANY, OF THE SOCIETY FOR ORGANIZATIONAL AND INSTITUTIONAL ECONOMICS (SIOE) AND ORGANIZED A DINNER DURING THE MEETINGS FOR ALUMNI AND FACULTY. THE SIOE MEETINGS AND ALUMNI DINNER ARE CRUCIAL TO KEEP THE COASE INSTITUTE UP TO DATE ON NEW RESEARCH IN NEW INSTITUTIONAL ECONOMICS, MAINTAIN CONTACT WITH ALUMNI, BUILD ITS NETWORK, AND RECRUIT NEW SCHOLARS AND FACULTY.C. ORGANIZED AND CHAIRED A PANEL OF ALUMNI AT SIOE'S FRANKFURT MEETINGS TO SHOWCASE ALUMNI RESEARCH ON LONG-RUN ECONOMIC DEVELOPMENT AND TO PROVIDE THE SELECTED ALUMNI WITH FEEDBACK AND EXPERIENCE.D. ORGANIZED A ONE DAY ALUMNI CONFERENCE ON AUGUST 27, 2023 TO GIVE ALUMNI FEEDBACK ON EARLY RESEARCH PROJECTS, MAINTAIN CONTACTS AND BUILD OUR NETWORK. E. AWARDED A GRANT AND PLAQUE TO AN OUTSTANDING ALUMNUS WHO EVIDENCED HIGH SCHOLARLY ACHIEVEMENT, PROMOTED TRANSFORMATIVE IDEAS AND IMPROVEMENT IN PUBLIC UNDERSTANDING, AND SUPPORTED THE ACTIVITIES AND GOALS OF THE RONALD COASE INSTITUTE. 36708 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X MARY M SHIRLEY 2022580564 PO BOX 423 PHILOMONT VA 20131 X MARY M SHIRLEY PRESIDENT / DIRECTOR 10.00 X X 0 0 0 CLAUDE MENARD TREASURER / DIRECTOR 1.00 X X 0 0 0 LEE K BENHAM DIRECTOR 2.00 X 0 0 0 ROGER MYERSON DIRECTOR 0.50 X 0 0 0 GARY D LIBECAP DIRECTOR 0.50 X 0 0 0 PHILIP KEEFER VICE PRESIDENT/DIRECTOR 0.50 X X 0 0 0 SAM PELTZMAN DIRECTOR 0.50 X 0 0 0 CHENGGANG XU DIRECTOR 0.50 X 0 0 0 SCOTT GEHLBACH DIRECTOR 0.50 X 0 0 0 ALEXANDRA L H BEHNAM SECRETARY 10.00 X 0 0 0 0 0 0 0 0 0 0 0 61219 61219 24501 24501 50000 50000 0 85720 0 0 24501 1000 1000 2625 2625 2870 2870 21137 21137 CONSULTANTS 9270 8850 375 45 DUES 2105 2105 EDUCATIONAL & NETWORKIN 536 536 ACHIEVEMENT AWARD 210 210 338 338 40091 36708 3338 45 64509 86756 490773 514155 555282 600911 0 0 X 0 0 0 0 555282 600911 555282 600911 555282 600911 45629 0 X 0 0 0 X 51052 42176 53953 37542 61219 245942 37456 2400 2400 0 42256 88508 42176 56353 39942 61219 288198 30001 26000 27000 25000 50000 158001 18983 18983 48984 26000 27000 25000 50000 176984 111214 12064 10053 7477 5109 24501 59204 12064 10053 7477 5109 24501 59204 100572 52229 63830 45051 85720 347402 0.32010 0.38620 0.17040 0.11210 X PART III LINE 19 FORM 990 SCHEDULE A PART VI SUPPLEMENTAL INFORMATION STATEMENT OF FACTS AND CIRCUMSTANCES SUPPORTING THE RONALD COASE INSTITUTE'S 2023 STATUS AS A PUBLICLY SUPPORTED CHARITY SCHEDULE A PART III LINE 19 ACTIVITIES TO ACCOMPLISH EXEMPT PURPOSES. THE RONALD COASE INSTITUTE WAS FOUNDED IN 2000 BY RONALD COASE, NOBEL LAUREATE IN ECONOMICS, AND A GROUP OF LIKE-MINDED SCHOLARS. ITS GOAL IS TO PROMOTE RESEARCH ON THE RULES, LAWS, NORMS, AND CUSTOMS THAT GOVERN REAL ECONOMIES, SO THAT PROBLEMS CAN BE IDENTIFIED AND OVERCOME. THE WORKSHOPS, MENTORING, CONFERENCES, GRANTS, AND NETWORK OF THE RONALD COASE INSTITUTE HELP UNIVERSITY STUDENTS, POST-DOCTORAL SOCIAL SCIENTISTS, YOUNG PROFESSORS AND OTHER YOUNG SCHOLARS, MOSTLY FROM DEVELOPING AND TRANSITIONAL ECONOMIES, TO STUDY IMPORTANT ECONOMIC PROBLEMS IN THEIR OWN COUNTRIES, AND SEEK PRACTICAL SOLUTIONS TO INCREASE PEOPLE'S OPPORTUNITIES TO IMPROVE THEIR OWN LIVES. THROUGH OUR WORKSHOPS AND MENTORING, ESTABLISHED SCHOLARS BUILD THE CAPACITY OF YOUNG RESEARCHERS TO USE THE TOOLS OF INSTITUTIONAL ECONOMICS TO 1) FORMULATE SIGNIFICANT RESEARCH QUESTIONS, 2) DESIGN AND IMPLEMENT EMPIRICAL RESEARCH, 3) COMMUNICATE THEIR RESULTS PERSUASIVELY TO SCHOLARS, POLICY MAKERS, AND THE PUBLIC, AND 4) DISSEMINATE THEIR FINDINGS WIDELY. OUR WORKSHOPS, CONFERENCES, AND OTHER ACTIVITIES HELP CREATE A COLLABORATIVE NETWORK OF OUTSTANDING SCHOLARS WHO STUDY SOCIETIES' PRESSING PROBLEMS, PUBLISH EXCELLENT SCHOLARLY RESEARCH, AND WORK AS TEACHERS, ADVISORS, AND OPINION LEADERS TO INFLUENCE THEIR COUNTRIES' FUTURE. THE COASE INSTITUTE SUPPORTS TRANSFORMATIVE RESEARCH BY FUNDING AND GUIDING SIGNIFICANT RESEARCH PROJECTS AND BY ORGANIZING RESEARCH CONFERENCES, SEMINARS, AND MEETINGS TO ANALYZE INSTITUTIONAL ISSUES AND DISSEMINATE AND CRITIQUE RESEARCH FINDINGS. INFORMATION ON INSTITUTIONAL ECONOMICS, THE WORK OF RONALD COASE, AND THE PARTICIPANTS AND ACTIVITIES OF THE INSTITUTE ARE FREELY PROVIDED ON THE INSTITUTE'S WEBSITE. DURING THE COVID PANDEMIC THE INSTITUTE ALSO HOSTED ONLINE WEBINARS TO DISCUSS CURRENT RESEARCH. THESE VIDEOS ARE ALSO AVAILABLE THROUGH OUR WEBSITE. PERCENTAGE OF FINANCIAL SUPPORT FROM THE PUBLIC THE AVERAGE FINANCIAL SUPPORT RECEIVED BY THE RONALD COASE INSTITUTE FROM THE PUBLIC (SCHEDULE A, PART III, SECTION C LINE 15) FOR THE PERIOD 2023 WAS 32.01%. IN 2022 IT WAS 38.62%. SOURCES OF SUPPORT THE RONALD COASE INSTITUTE RECEIVES FINANCIAL SUPPORT FROM PUBLIC/GOVERNMENTAL SOURCES AS WELL AS INDIVIDUALS AND PRIVATE FOUNDATIONS WITH AN INTEREST IN EDUCATING SOCIAL SCIENTISTS TO STUDY AND OVERCOME INSTITUTIONAL PROBLEMS IN THEIR OWN COUNTRIES AND IN EXPANDING RESEARCH ON CRITICAL INSTITUTIONAL BARRIERS TO PROGRESS AND INNOVATION. ALUMNI OF THE INSTITUTE ALSO REGULARLY CONTRIBUTE FINANCIALLY. SINCE OVER 80% OF COASE ALUMNI ARE FROM DEVELOPING AND TRANSITIONAL COUNTRIES AND MOST WORK AS ACADEMICS, THEIR CONTRIBUTIONS ARE NECESSARILY SMALL. WE CHARGE TUITION FOR OUR WORKSHOPS BUT WAIVE TUITION IN CASES OF HARDSHIP. UNIVERSITIES AND OTHER PUBLICLY SUPPORTED EDUCATIONAL ORGANIZATIONS COOPERATE IN THE INSTITUTE'S ACTIVITIES, PROVIDING SUPPORT BY PAYING FOR PARTICIPANTS' MEALS, ACCOMMODATIONS, TRANSPORT, AND THE LIKE. SOME PROVIDE FUNDS FOR THE INSTITUTE TO BRING ITS ALUMNI AS VISITING FACULTY AND SCHOLARS. NOTE: THE COASE INSTITUTE ALSO RECEIVES A LARGE AMOUNT OF OTHER SUPPORT FROM OUTSTANDING SCHOLARS AND EXPERTS WHO VOLUNTEER THEIR SERVICES AS OFFICERS AND DIRECTORS, AS FACULTY IN OUR WORKSHOPS, AND AS CONTRIBUTORS TO OUR OTHER ACTIVITIES. A TOTAL OF 133 INDIVIDUALS (INCLUDING 34 ALUMNI OF EARLIER WORKSHOPS) HAVE CONTRIBUTED THEIR TIME AND SERVICES TO WORK WITHOUT COMPENSATION AS CORE FACULTY AND LECTURERS FOR THE INSTITUTE WORKSHOPS. THESE INDIVIDUALS ARE PROFESSORS OR EXPERT PRACTITIONERS IN THE FIELDS OF ECONOMICS, LAW, POLITICAL SCIENCE, AND RELATED DISCIPLINES. MOST ARE WIDELY PUBLISHED AND RECOGNIZED AUTHORITIES IN THE FIELD OF NEW INSTITUTIONAL ECONOMICS. SIX ARE NOBEL LAUREATES IN ECONOMICS. IN ADDITION, THE INSTITUTE RECEIVES EXPERT LEGAL ADVICE PRO BONO. FUNDRAISING PROGRAM AND CHANGES TO INCREASE RESILIENCY AND EXPAND FUNDRAISING. WE CONDUCT AN ANNUAL CAMPAIGN TO SOLICIT FUNDS FROM OUR NETWORK OF DONORS, ALUMNI, AND FACULTY. WE REGULARLY SUBMIT GRANT APPLICATIONS TO FOUNDATIONS AND FUNDING AGENCIES. A MAJOR ACTIVITY AND SOURCE OF FUNDING FOR THE INSTITUTE HAVE BEEN OUR IN-PERSON WORKSHOPS, WHICH ARE WIDELY RECOGNIZED AS AN EXCEPTIONALLY VALUABLE EXPERIENCE. HOWEVER, MAJOR ADVERSE CHANGES IN GLOBAL CIRCUMSTANCES HAVE RAISED THE COSTS AND UNCERTAINTY OF INTERNATIONAL WORKSHOPS AND MADE IT HARDER TO HOLD WORKSHOPS IN OR RECRUIT PARTICIPANTS FROM SOME COUNTRIES THAT WERE IMPORTANT FOR THESE IN THE PAST (E.G., CHINA AND RUSSIA). THE COVID PANDEMIC AND GLOBAL DIFFICULTIES ALSO REDUCED FACULTY AND PARTICIPANT WILLINGNESS TO TRAVEL AND TO PARTICIPATE IN IN-PERSON WORKSHOPS. THIS HAD AN ADVERSE EFFECT ON OUR FUNDING SINCE THE WORKSHOPS ARE AN IMPORTANT SOURCE OF UNIVERSITY SUPPORT, ALUMNI SUPPORT, AND TUITION. IN RESPONSE, IN 2023 WE INAUGURATED CHANGES TO RESPOND TO THESE CHALLENGES. WE ALSO CONTINUED OUR PROGRAMS TO SUPPORT COASE RESEARCHERS REMOTELY TO FILL GAPS IN OUR UNDERSTANDING OF PRESSING INSTITUTIONAL ISSUES. AND WE LAUNCHED NEW PROGRAMS AND CHANGED EXISTING ACTIVITIES TO BOLSTER OUR FUNDRAISING EFFORTS. TO BROADEN OUR NETWORK OF DONORS AND INCREASE OUR APPEAL AND VISIBILITY, WE HAVE: 1. INAUGURATED AN ANNUAL CONFERENCE TO EXPAND OUR SUPPORT TO OUR ALUMNI AND INCREASE ALUMNI DONATIONS. THE COASE INSTITUTE NOW HAS ALMOST 700 ALUMNI. IN 2023, 24 SCHOLARS PARTICIPATED IN OUR FIRST ALUMNI CONFERENCE WITH ALUMNI PRESENTATIONS, DISCUSSION, AND FEEDBACK. THERE WERE ALSO PRESENTATIONS AND DISCUSSIONS BY SENIOR SCHOLARS. WE ALSO ORGANIZED OUR ANNUAL ALUMNI PANEL AT THE 2023 MEETING OF THE SOCIETY FOR INSTITUTIONAL AND ORGANIZATIONAL ECONOMICS AND AWARDED OUR ANNUAL OUTSTANDING ALUMNI ACHIEVEMENT AWARD THERE. THESE ACTIVITIES ASSIST OUR FUNDRAISING BY RAISING AND MAINTAINING CLOSE RELATIONS WITH OUR ALUMNI AND FACULTY VOLUNTEERS. 2. INAUGURATED A COMPETITIVE RESEARCH GRANT PROGRAM TO ASSIST YOUNG SCHOLARS TO ADDRESS KEY QUESTIONS IN INSTITUTIONAL ECONOMICS, INCLUDING THOSE RELATING TO PUBLIC POLICY AND DEVELOPMENT CHALLENGES IN THEIR OWN COUNTRIES. THIS ACTIVITY WILL SUPPORT FUNDRAISING FROM INDIVIDUAL DONORS, FOUNDATIONS, AND GOVERNMENT AGENCIES THAT ARE SIMILARLY FOCUSED ON AREAS OF CONCERN SUCH AS ENVIRONMENTAL ISSUES. THIS PROGRAM WILL ENCOURAGE WORK ON UNDER-RESEARCHED SUBJECTS OF MAJOR INTEREST TO INSTITUTIONAL ECONOMISTS, NGOS, AND POLICY MAKERS. IT WILL IDENTIFY AND ASSIST HIGH-QUALITY RESEARCHERS FROM AROUND THE WORLD WHO MIGHT OTHERWISE HAVE DIFFICULTY OBTAINING FUNDING. IN 2023 WE FORMED AN ADVISORY GROUP OF COASE ALUMNI AND FACULTY TO SUGGEST RESEARCH THEMES AND RECRUIT PROMISING YOUNG RESEARCHERS. OUR FIRST GRANTS (SCHEDULED FOR 2024) WILL FUND RESEARCH ON INSTITUTIONAL BARRIERS TO ADAPTATION TO CLIMATE CHANGES IN DEVELOPING COUNTRIES. 3. ACTIVELY RECRUITED AUTHORS FOR THE RONALD COASE INSTITUTE/CAMBRIDGE UNIVERSITY PRESS BOOK SERIES. THIS ACTIVITY WILL SUPPORT OUR FUNDRAISING BY RAISING THE VISIBILITY AND CREDIBILITY OF THE COASE INSTITUTE AMONG READERS AND AUTHORS AND ASSOCIATING THE INSTITUTE WITH A RENOWNED PUBLISHER. VOLUMES IN THE SERIES WILL INFORM STUDENTS, POLICY MAKERS, EXPERTS, AND OTHER INTERESTED READERS ABOUT INSIGHTFUL AND INNOVATIVE IDEAS EMERGING FROM RECENT RESEARCH IN NEW INSTITUTIONAL ECONOMICS. WE HAVE CREATED AN ADVISORY GROUP TO HELP RECRUIT NEW AUTHORS AND REVIEW BOOK PROPOSALS. THREE INAUGURAL VOLUMES ARE IN PREPARATION DEALING WITH PROPERTY RIGHTS AND ECONOMIC DEVELOPMENT. 4. REDESIGNED OUR IN-PERSON WORKSHOP FORMAT TO ADDRESS GLOBAL CHALLENGES, INCLUDING SHORTENING THE DURATION AND REDUCING THE SIZE, PROVIDING MORE FUNDING TO PARTICIPANTS TO ADDRESS RISING TRAVEL COSTS, AND ENLISTING OUR NETWORK TO ENCOURAGE APPLICATIONS. THIS ACTIVITY WILL ASSIST OUR FUTURE FUNDRAISING BY INCREASING SUPPORT FROM PARTNER UNIVERSITIES, INCREASING TUITION, AND INCREASING THE NUMBER OF ALUMNI. GOVERNING BODY ALL THE MEMBERS OF THE RONALD COASE INSTITUTE'S BOARD OF DIRECTORS HAVE SPECIALIZED KNOWLEDGE OF ITS FIELD OF ACTIVITIES, SPECIFICALLY, NEW INSTITUTIONAL ECONOMICS. OUR DIRECTORS ARE NOBEL LAUREATES IN ECONOMICS, PROFESSORS, AND EMERITUS PROFESSORS OF ECONOMICS AT LEADING US AND EUROPEAN UNIVERSITIES, AND ACTIVE AND RETIRED LEAD RESEARCHERS AT THE INTER-AMERICAN DEVELOPMENT BANK AND THE RESEARCH DEPARTMENT OF THE WORLD BANK. ALL NINE DIRECTORS ARE WELL-KNOWN EXPERTS AND WIDELY PUBLISHED AUTHORS IN THE FIELD OF NEW INSTITUTIONAL ECONOMICS. PUBLIC SERVICES THE WORKSHOPS, MENTORING, RESEARCH SUPPORT, AND PUBLICATIONS OF THE INSTITUTE PROMOTE TRANSFORMATIVE IDEAS BY HELPING OUR ALUMNI BECOME EFFECTIVE TEACHERS, RESEARCHERS, AND OPINION LEADERS, AND BY SUPPORTING SCHOLARLY PUBLICATIONS ABOUT INNOVATIVE NEW PART III LINE 19 DISCOVERIES IN THE FIELD OF NEW INSTITUTIONAL ECONOMICS. AS OF DECEMBER 31, 2023, THE INSTITUTE HAS HELD 31 WORKSHOPS AROUND THE WORLD, BENEFITING A TOTAL OF 699 PARTICIPANTS FROM 77 COUNTRIES. OF THESE, 82% ARE FROM DEVELOPING COUNTRIES. THE INSTITUTE HAS ALSO ORGANIZED 25 RESEARCH CONFERENCES, MEETINGS, AND PANELS FOR ALUMNI, DISSEMINATING NEW RESEARCH AND INFORMING THE TERMS OF DEBATE. IT HAS ASSISTED ITS GROWING NETWORK OF ALUMNI THROUGH MENTORING AND ADVICE, REGULAR POSTINGS ABOUT THEIR ACTIVITIES ON ITS WEBSITE, INVITATIONS TO SCHOLARLY CONFERENCES ORGANIZED BY THE INSTITUTE OR OTHERS TO SHOWCASE THEIR RESEARCH, AND SOCIAL EVENTS. SOME EXCEPTIONAL ALUMNI HAVE BEEN SUPPORTED THROUGH SMALL RESEARCH GRANTS AND SPONSORSHIPS TO BE VISITING FELLOWS AT THE UNIVERSITY OF CHICAGO, GEORGE MASON UNIVERSITY, AND WASHINGTON UNIVERSITY IN ST. LOUIS. THE INSTITUTE'S WEBINARS FEATURE OUTSTANDING SCHOLARS DISCUSSING THEIR RESEARCH AND ANSWERING QUESTIONS FROM THE AUDIENCE. THE INSTITUTE POSTS INFORMATION ABOUT ITS ACTIVITIES ON ITS WEBSITE. THESE INCLUDE ANNOUNCEMENTS OF COMPETITIONS FOR UPCOMING WORKSHOPS PLUS COMPLETE PAST WORKSHOP PROGRAMS, LISTS OF THE PARTICIPANTS AND FACULTY AND PARTICIPANTS' RESEARCH ABSTRACTS; VIDEOS OF WEBINARS; ALUMNI NEWS AND PROFESSIONAL PROFILES; INFORMATION ABOUT JOBS, CONFERENCES, AND PUBLICATIONS IN NEW INSTITUTIONAL ECONOMICS; AND WORKING PAPERS BY THE INSTITUTE'S OFFICERS, ALUMNI, FACULTY, AND FELLOWS. THE WEBSITE ALSO PROVIDES INFORMATION ABOUT RONALD COASE, NOBEL PRIZE WINNER AND A FOUNDER OF THE FIELD OF NEW INSTITUTIONAL ECONOMICS, INCLUDING A COMPLETE LIST OF HIS PUBLICATIONS AND ONLINE MATERIALS. THE WEBSITE OFFERS A GLOSSARY IN MULTIPLE LANGUAGES AND READING LISTS ON NEW INSTITUTIONAL ECONOMICS. ALL THESE ARE FREELY AVAILABLE TO MEMBERS OF THE PUBLIC. THE INSTITUTE ALSO MAINTAINS A FACEBOOK PAGE WITH LINKS TO EVENTS AND INFORMATION SUCH AS JOB OPENINGS, USEFUL TO OUR NETWORK AND TO SCHOLARS OF NEW INSTITUTIONAL ECONOMICS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990, PART VI, SECTION A, LINE 2 A DIRECTOR LEE K BENHAM AND THE CORPORATE SECRETARY ALEXANDRA L H BENHAM ARE MARRIED FORM 990, PART VI, SECTION A, LINE 8B THE INSTITUTE DOES NOT HAVE ANY FORMAL COMMITTEES FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS EMAILED TO EACH DIRECTOR AND OFFICER FOR THEIR REVIEW BEFORE FILING FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST, IF ANY, ARE REQUIRED TO BE DISCLOSED BY BOARD MEMBERS AT BOARD MEETINGS FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THESE DOCUMENTS WILL BE PROVIDED BY MAIL UPON REQUEST