Nonprofit · EIN 36-3309812
HEARTLAND INSTITUTE
Tax-exempt · SCHAUMBURG, IL 60173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,350,282 | $3,703,739 | -$353,457 | $1,074,871 | $370,063 | $704,808 |
| December 31, 2023 | 990 | $4,084,944 | $4,061,261 | $23,683 | $1,383,858 | $325,593 | $1,058,265 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,322,323
- Program service revenue
- $2,905
- Investment income
- $9,951
- Other revenue
- $15,103
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $734,685
- Other salaries and wages
- $1,281,250
- Salaries, compensation and benefits (total)
- $2,374,043
- Professional fundraising fees
- $0
- Accounting fees
- $38,629
- Occupancy
- $160,442
- Travel
- $80,816
- Depreciation
- $28,309
- Program services (functional)
- $2,091,583
- Management and general (functional)
- $954,232
- Fundraising (functional)
- $657,924
Balance sheet and other
- Total assets, start of year
- $1,383,858
- Total assets, end of year
- $1,074,871
- Total liabilities, end of year
- $370,063
- Net assets, end of year
- $704,808
- Land, buildings and equipment
- $796,451
- Net assets without donor restrictions
- $704,808
- Gross receipts
- $3,350,282
- Employees
- 21
- Volunteers
- 0
- Year formed
- 1984
- State of legal domicile
- IL
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 |
|---|---|---|---|
| JAMES TAYLOR | PRESIDENT Officer | 40 | $333,590 |
| JAMES LAKELY | VICE PRESIDENT Officer | 40 | $210,861 |
| SAMUEL KARNICK | DIRECTOR OF PUBLICATIONS Officer | 40 | $108,308 |
| WILLIAM ARMISTEAD | MEMBER/FINANCE Trustee or director, Officer | 1 | $0 |
| ROBERT BUFORD | MEMBER Trustee or director | 1 | $0 |
| JERE FABICK | VICE CHAIRMAN/SECRETARY Trustee or director, Officer | 1 | $0 |
| PAUL FISHER | MEMBER Trustee or director | 1 | $0 |
| STEVE MILLOY | MEMBER Trustee or director | 1 | $0 |
| JOSEPH MORRIS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| NOAH ROBINSON | MEMBER Trustee or director | 1 | $0 |
| JOE ARMENDARIZ | MEMBER Trustee or director | 1 | $0 |
| BRIAN SINGER | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES TAYLOR | PRESIDENT Highest-paid employee | 40 | $332,610 |
| JAMES LAKELY | VICE PRESIDENT Highest-paid employee | 40 | $198,850 |
| SAMUEL KARNICK | DIRECTOR OF PUBLICATIONS Highest-paid employee | 40 | $119,538 |
| DAVID HOYT | EXECUTIVE DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $117,183 |
| JUSTIN HASKINS | DIRECTOR OF SOCIALISM RESEARCH CENTER Highest-paid employee | 40 | $110,037 |
| WILLIAM ARMISTEAD | MEMBER/FINANCE Trustee or director, Officer | 1 | $0 |
| ROBERT BUFORD | MEMBER Trustee or director | 1 | $0 |
| JERE FABICK | VICE CHAIRMAN/SECRETARY Trustee or director, Officer | 1 | $0 |
| PAUL FISHER | MEMBER Trustee or director | 1 | $0 |
| STEVE MILLOY | MEMBER Trustee or director | 1 | $0 |
| JOSEPH MORRIS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| NOAH ROBINSON | MEMBER Trustee or director | 1 | $0 |
| DAVID SINGER CFA | MEMBER Trustee or director | 1 | $0 |
| JOE ARMENDARIZ | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1933 N MEACHAM RD STE 550, SCHAUMBURG, IL 60173-4342
- Principal officer (990 for 2024)
- JAMES TAYLOR, 3939 NORTH WILKE ROAD, ARLINGTON HEIGHTS, IL 60004
- Signed the 990
- JIM LAKELY, VICE PRESIDENT
- Phone
- (312) 377-4000
- Website
- WWW.HEARTLAND.ORG
- Return prepared by
- TIGHE KRESS & ORR PC
Mission
TO DISCOVER, DEVELOP, AND PROMOTE FREE-MARKET SOLUTIONS TO SOCIAL AND ECONOMIC PROBLEMS, PUBLIC POLICY ISSUES, IN PRINT AND ONLINE.
Program accomplishments
- PUBLICATIONS: RESEARCH, WRITING, AND DISTRIBUTION OF PUBLICATIONS ON DIGITAL ISSUES OF ONE NEWSPAPER (HEALTH CARE NEWS) AND DIGITAL VERSIONS OF ENVIRONMENT & CLIMATE NEWS, BUDGET & TAX NEWS, SCHOOL REFORM NEWS, AND RIGHTS, JUSTICE & CULTURE NEWS WHICH THE DEPARTMENT PRODUCED ONE PRINT QUARTERLY.Expenses $535,888 · revenue $18,008
- HEARTLAND REPRESENTATIVES APPEARED IN PRINT, ONLINE, OR ON BROADCAST NEWSLETTER (THE HEARTLANDER) AND NINE WEEKLY OR BIWEEKLY EMAIL NEWSLETTERS (CLIMATE CHANGE WEEKLY, HEARTLAND WEEKLY, BUDGET & TAX NEWS, ENVIRONMENT & CLIMATE NEWS, HEALTH CARE NEWS, SCHOOL REFORM NEWS, STOPPING SOCIALISM, AND LIFE, LIBERTY, PROPERTY). HEARTLAND HAS 13 WEBSITES, 474,000 FANS OF ITS FACEBOOK PAGE, MORE THAN 94,609 TWITTER FOLLOWERS. HEARTLAND'S PODCASTS WERE DOWNLOADED HUNDREDS OF THOUSANDS OF TIMES, AND OUR VIDEOS GOT OVER 2.5 MILLION VIEWS.Expenses $562,405
- HEARTLAND HOSTED 15 INTERNATIONAL CONFERENCES ON CLIMATE CHANGE AND TWO AMERICA FIRST ENERGY CONFERENCES SINCE 2008 ATTENDED BY MORE THAN 5,500 PEOPLE.Expenses $572,992
- GOVERNMENT RELATIONS: PUBLICATIONS AND EVENTS GEARED TOWARD EDUCATING AND INFORMING LOCAL, STATE, AND NATIONAL ELECTED OFFICIALS ABOUT PUBLIC POLICY ISSUES. HEARTLAND PARTICIPATED IN CONFERENCES SPONSORED BY THE AMERICAN LEGISLATIVE EXCHANGE COUNCIL AND TESTIFIED BEFORE LEGISLATIVE COMMITTEES IN MULTIPLE STATES.EXPENSES: $417,298STOPPING SOCIALISM: STOPPING SOCIALISM IS A PROJECT LAUNCHED IN 2018. OWNED BY JUSTIN HASKINS, CO-DIRECTOR OF THE SOCIALISM RESEARCH CENTER AT THE HEARTLAND INSTITUTE AND THE AUTHOR OF THE AMAZON BESTSELLER SOCIALISM IS EVIL: THE MORAL CASE AGAINST MARX'S RADICAL DREAM (2018). EXPENSE: $3,000Expenses $420,298
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
- 36-3309812
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W20G)
- Assets (IRS master file)
- $1,074,871
- Income (IRS master file)
- $3,350,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,350,282 | $3,703,739 | $1,074,871 | XML |
| 990 | December 2023 | $4,084,944 | $4,061,261 | $1,383,858 | XML |
| 990 | December 2022 | $3,852,132 | $4,309,935 | $1,389,619 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 36-3309812).
Questions about HEARTLAND INSTITUTE
- What is the EIN of HEARTLAND INSTITUTE?
- The employer identification number (EIN) of HEARTLAND INSTITUTE is 36-3309812.
- Is HEARTLAND INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to HEARTLAND INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEARTLAND 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 HEARTLAND 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 HEARTLAND 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 HEARTLAND INSTITUTE?
- The 990 for the year ended December 31, 2024 names JAMES TAYLOR.
- Who are the officers and directors of HEARTLAND INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 12 people; 3 received compensation from the organization, the highest $333,590 (JAMES TAYLOR, PRESIDENT).
- How much revenue does HEARTLAND INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,350,282, expenses of $3,703,739 and total assets of $1,074,871 at year end.
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