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Nonprofit · EIN 52-0945376

CENTER FOR INDEPENDENT THOUGHT INC

Tax-exempt · BALA CYNWYD, PA 19004

Financials

$3.2M$2.5M2023$3.1M$3.5M2024$2.2M$2.1M2025
Revenue Expenses · by fiscal year end
Financials of CENTER FOR INDEPENDENT THOUGHT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,198,059$2,095,378$102,681$5,882,610$0$5,882,610
December 31, 2024990$3,051,775$3,490,078-$438,303$6,520,025$890,910$5,629,115
December 31, 2023990$3,236,440$2,468,010$768,430$6,038,576$0$6,038,576
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$2,021,183
Program service revenue
$0
Investment income
$175,345
Other revenue
$1,531

Expenses

Grants and similar amounts paid
$84,736
Compensation of officers, directors and key employees
$122,744
Other salaries and wages
$473,647
Salaries, compensation and benefits (total)
$730,693
Professional fundraising fees
$0
Legal fees
$5,750
Accounting fees
$15,000
Occupancy
$207,999
Travel
$49,676
Program services (functional)
$1,885,065
Management and general (functional)
$89,807
Fundraising (functional)
$120,506

Balance sheet and other

Total assets, start of year
$6,520,025
Total assets, end of year
$5,882,610
Total liabilities, end of year
$0
Net assets, end of year
$5,882,610
Publicly traded securities
$4,744,704
Net assets without donor restrictions
$5,077,253
Net assets with donor restrictions
$805,357
Gross receipts
$2,198,059
Employees
7
Volunteers
0
Year formed
1990
State of legal domicile
PA

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.

NameTitleHours / weekCompensation
ROBERT SCHIMENEZPRESIDENT
Trustee or director, Officer
40$122,744
HOWARD RICHCHAIRMAN
Trustee or director, Officer
1$0
ANITA ANDERSONSECRETARY
Trustee or director, Officer
1$0
SCOTT BARBEEDIRECTOR
Trustee or director
1$0
MICHAEL RICCIDIRECTOR
Trustee or director
1$0
JOHN STOSSELDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
ROBERT SCHIMENZPRESIDENT
Trustee or director, Officer
40$110,542
HOWARD RICHCHAIRMAN
Trustee or director, Officer
1$0
JOHN STOSSELDIRECTOR
Trustee or director
1$0
ANITA ANDERSONSECRETARY
Trustee or director, Officer
1$0
MICHAEL RICCIDIRECTOR
Trustee or director
1$0
SCOTT BARBEEDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
ROBERT SCHIMENZPRESIDENT
Trustee or director, Officer
40$93,040
HOWARD RICHCHAIRMAN
Trustee or director, Officer
1$0
DAVID BOAZVICE PRESIDENT
Trustee or director, Officer
1$0
JOHN STOSSELDIRECTOR
Trustee or director
1$0
ANITA ANDERSONDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
50 MONUMENT ROAD, BALA CYNWYD, PA 19004-1723
Principal officer (990 for 2025)
ROBERT J SCHIMENZ, 50 MONUMENT ROAD SUITE 102, BALA CYNWYD, PA 19004
Signed the 990
ROBERT J SCHIMENZ, PRESIDENT
Phone
(516) 731-3047
Return prepared by
Royer Group LLC

Mission

CENTER FOR INDEPENDENT THOUGHT SEEKS TO EXPAND AWARENESS OF INDIVIDUAL LIBERTY, FREE MARKETS AND PEACE.

990 for the year ended December 31, 2025

Program accomplishments

  • STOSSEL TV - PRODUCES AND DISTRIBUTES VIDEOS VIA SOCIAL MEDIA THAT EDUCATE THE PUBLIC ABOUT THE PRINCIPLES AND BENEFITS OF LIMITED GOVERNMENT, INDIVIDUAL LIBERTY, AND FREE MARKETS.
    Expenses $1,251,600
  • STOSSEL IN THE CLASSROOM - DISTRIBUTES TV JOURNALIST JOHN STOSSELS VIDEOS VIA INTERNET STREAMING AND DOWNLOADS, ALONG WITH TEACHER GUIDES, TO EDUCATE STUDENTS ABOUT THE PRINCIPLES AND BENEFITS OF LIMITED GOVERNMENT, INDIVIDUAL LIBERTY, AND FREE MARKETS. CIT SPONSORS ANNUAL STUDENT ESSAY, VIDEO AND AI CONTESTS.
    Expenses $574,390 · grants $26,316
  • GRANT PROGRAM TO ORGANIZATIONS WHO PROMOTE OUR MISSION AND OTHER PROGRAMS.
    Expenses $59,075 · grants $58,420

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-0945376
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Social science (V24Z)
Assets (IRS master file)
$5,882,610
Income (IRS master file)
$2,198,059

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,198,059$2,095,378$5,882,610XML
990December 2024$3,051,775$3,490,078$6,520,025IRS
990December 2023$3,236,440$2,468,010$6,038,576XML
990December 2022$2,865,388$2,136,743$5,246,017IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 52-0945376).

Questions about CENTER FOR INDEPENDENT THOUGHT INC

What is the EIN of CENTER FOR INDEPENDENT THOUGHT INC?
The employer identification number (EIN) of CENTER FOR INDEPENDENT THOUGHT INC is 52-0945376.
Is CENTER FOR INDEPENDENT THOUGHT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to CENTER FOR INDEPENDENT THOUGHT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTER FOR INDEPENDENT THOUGHT INC 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 CENTER FOR INDEPENDENT THOUGHT INC 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 CENTER FOR INDEPENDENT THOUGHT INC 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 CENTER FOR INDEPENDENT THOUGHT INC?
The 990 for the year ended December 31, 2025 names ROBERT J SCHIMENZ.
Who are the officers and directors of CENTER FOR INDEPENDENT THOUGHT INC?
The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $122,744 (ROBERT SCHIMENEZ, PRESIDENT).
How much revenue does CENTER FOR INDEPENDENT THOUGHT INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,198,059, expenses of $2,095,378 and total assets of $5,882,610 at year end.

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