Nonprofit · EIN 32-0538396
AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS
Tax-exempt · ARLINGTON, VA 22203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $439,496 | $441,101 | -$1,605 | $1,495 | $0 | $1,495 |
| December 31, 2024 | 990 | $169,100 | $168,871 | $229 | $3,100 | $0 | $3,100 |
| December 31, 2023 | 990 | $485,700 | $492,108 | -$6,408 | $2,871 | $0 | $2,871 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $439,496
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $437,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,220
- Accounting fees
- $2,471
- Program services (functional)
- $437,000
- Management and general (functional)
- $2,881
- Fundraising (functional)
- $1,220
Balance sheet and other
- Total assets, start of year
- $3,100
- Total assets, end of year
- $1,495
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,495
- Net assets without donor restrictions
- $1,495
- Gross receipts
- $439,496
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2017
- State of legal domicile
- VA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BOYD | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY LIPS | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| KATHERINE PRICE | SECRETARY/TREASURER/DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BOYD | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY LIPS | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| KATHERINE PRICE | SECRETARY/TREASURER/DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BOYD | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY LIPS | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| KATHERINE PRICE | SECRETARY/TREASURER/DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4075 WILSON BLVD STE 310, ARLINGTON, VA 22203-2160
- In care of
- % ANDREW C DYE
- Principal officer (990 for 2025)
- BRADLEY LIPS, 4075 WILSON BLVD STE 310, ARLINGTON, VA 22203
- Signed the 990
- ROBERT BOYD, DIRECTOR
- Phone
- (202) 449-8449
- Return prepared by
- Hendershot Burkhardt Tax Services Inc
Mission
ECONOMIC AND SOCIAL RESEARCH
Program accomplishments
- AFIEA engages in and promotes research and analysis of issues of economics and society, in order to improve the public understanding of the role of markets in solving public policy problems.Expenses $437,000 · grants $437,000
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 | 990 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
- 32-0538396
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,495
- Income (IRS master file)
- $439,496
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $439,496 | $441,101 | $1,495 | IRS |
| 990 | December 2024 | $169,100 | $168,871 | $3,100 | IRS |
| 990 | December 2023 | $485,700 | $492,108 | $2,871 | XML |
| 990 | December 2022 | $346,360 | $343,077 | $9,279 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 32-0538396).
Questions about AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS
- What is the EIN of AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS?
- The employer identification number (EIN) of AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS is 32-0538396.
- Is AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS 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 AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS?
- The 990 for the year ended December 31, 2025 names BRADLEY LIPS.
- Who are the officers and directors of AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does AMERICAN FRIENDS OF THE INSTITUTE OF ECONOMIC AFFAIRS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $439,496, expenses of $441,101 and total assets of $1,495 at year end.
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