Nonprofit · EIN 31-1278593
THE BUCKEYE INSTITUTE
Tax-exempt · COLUMBUS, OH 43215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,575,910 | $3,063,385 | $1,512,525 | $8,823,748 | $193,552 | $8,630,196 |
| December 31, 2023 | 990 | $4,616,008 | $2,815,055 | $1,800,953 | $7,289,169 | $226,658 | $7,062,511 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,217,436
- Program service revenue
- $0
- Investment income
- $345,907
- Net gain from sales of assets
- $5,396
- Other revenue
- $12,567
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $972,546
- Other salaries and wages
- $1,001,395
- Salaries, compensation and benefits (total)
- $2,155,860
- Professional fundraising fees
- $0
- Legal fees
- $534,864
- Accounting fees
- $12,023
- Occupancy
- $90,002
- Travel
- $105,608
- Depreciation
- $3,357
- Program services (functional)
- $2,731,806
- Management and general (functional)
- $219,200
- Fundraising (functional)
- $112,379
Balance sheet and other
- Total assets, start of year
- $7,289,169
- Total assets, end of year
- $8,823,748
- Total liabilities, end of year
- $193,552
- Net assets, end of year
- $8,630,196
- Land, buildings and equipment
- $33,113
- Net assets without donor restrictions
- $7,640,502
- Net assets with donor restrictions
- $989,694
- Gross receipts
- $4,649,510
- Employees
- 17
- Volunteers
- 8
- Year formed
- 1989
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Robert Alt | President and CEO Trustee or director, Officer | 40 | $414,112 | $38,583 |
| Rebekah Alt | Chief Operating Officer Key employee | 40 | $290,000 | $9,700 |
| Rea S Hederman Jr | Vice President of Policy Key employee | 40 | $184,669 | $33,860 |
| David C Tryon | Director of Litigation Highest-paid employee | 40 | $133,891 | $16,418 |
| Joe Nichols | Director of External Relat Highest-paid employee | 40 | $136,391 | $4,719 |
| Lisa A Gates | Vice President of Communic Highest-paid employee | 40 | $114,506 | $13,455 |
| Greg R Lawson | Research Fellow Highest-paid employee | 40 | $117,141 | $4,142 |
| Bradley A Smith | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Mark D Jordan | Vice Chairman and Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Andrew O Smith | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Hal R Arkes | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Robert Alt | President and CEO Trustee or director, Officer | 40 | $370,675 | $34,509 |
| Rebekah Alt | Chief Operating Officer Key employee | 40 | $245,000 | $8,350 |
| Rea S Hederman Jr | Vice President of Policy Key employee | 40 | $185,923 | $29,754 |
| David C Tryon | Director of Litigation Highest-paid employee | 40 | $119,473 | $23,059 |
| Joe Nichols | Director of External Relations Highest-paid employee | 40 | $136,900 | $4,725 |
| Lisa A Gates | Vice President of Communications Highest-paid employee | 40 | $100,261 | $12,718 |
| Greg R Lawson | Research Fellow Highest-paid employee | 40 | $100,642 | $3,637 |
| Bradley A Smith | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Mark D Jordan | Vice Chair and Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Andrew O Smith | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Hal R Arkes | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 88 E BROAD ST STE 1300, COLUMBUS, OH 43215-3525
- In care of
- % ROBERT ALT
- Principal officer (990 for 2024)
- Robert Alt, 88 E Broad St Ste 1300, Columbus, OH 43215
- Signed the 990
- Robert Alt, President & CEO
- Phone
- (614) 224-4422
- Website
- www.BuckeyeInstitute.org
- Return prepared by
- VAN KREVEL & COMPANY
Mission
The Buckeye Institute is an independent research and educational institution -- a think tank -- whose mission is to advance free-market public policy in the states.
Program accomplishments
- See Schedule O.Expenses $2,731,806 · revenue $358,474
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1278593
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,823,748
- Income (IRS master file)
- $4,649,510
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,575,910 | $3,063,385 | $8,823,748 | IRS |
| 990 | December 2023 | $4,616,008 | $2,815,055 | $7,289,169 | XML |
| 990 | December 2022 | $2,582,970 | $2,210,578 | $5,455,675 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1278593).
Questions about THE BUCKEYE INSTITUTE
- What is the EIN of THE BUCKEYE INSTITUTE?
- The employer identification number (EIN) of THE BUCKEYE INSTITUTE is 31-1278593.
- Is THE BUCKEYE INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to THE BUCKEYE INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE BUCKEYE INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE BUCKEYE INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE BUCKEYE INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE BUCKEYE INSTITUTE?
- The 990 for the year ended December 31, 2024 names Robert Alt.
- Who are the officers and directors of THE BUCKEYE INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 11 people; 7 received compensation from the organization, the highest $414,112 (Robert Alt, President and CEO).
- How much revenue does THE BUCKEYE INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,575,910, expenses of $3,063,385 and total assets of $8,823,748 at year end.
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