Nonprofit · EIN 86-1970328
LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $69 | $54,203 | -$54,134 | $85,146 | $0 | $85,146 |
| December 31, 2023 | 990 | $0 | $105,010 | -$105,010 | $139,278 | $1,631,242 | -$1,491,964 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $69
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $23,953
Balance sheet and other
- Total assets, start of year
- $139,278
- Total assets, end of year
- $85,146
- Total liabilities, end of year
- $0
- Net assets, end of year
- $85,146
- Land, buildings and equipment
- $41,185
- Net assets without donor restrictions
- $85,146
- Gross receipts
- $69
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2021
- State of legal domicile
- DC
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 |
|---|---|---|---|
| EUGENE LUDWIG | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $0 |
| CAROL LUDWIG | DIRECTOR, SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EUGENE LUDWIG | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $0 |
| CAROL LUDWIG | DIRECTOR, SECRETARY Trustee or director, Officer | 1 | $0 |
| CATHERINE KAPLUN | DIRECTOR, TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1700 PENNSYLVANIA AVE NW STE 500, WASHINGTON, DC 20006-4714
- In care of
- % CAROL LUDWIG
- Principal officer (990 for 2024)
- EUGENE LUDWIG, 1700 PENNSYLVANIA AVE NW SUIT, WASHINGTON, DC 20006
- Signed the 990
- EUGENE LUDWIG, PRESIDENT
- Phone
- (202) 360-1052
- Website
- WWW.LISEP.ORG
- Return prepared by
- PWC US TAX LLP
Mission
IMPROVE THE ECONOMIC WELL-BEING OF MIDDLE- AND LOWER-INCOME AMERICANS THROUGH RESEARCH, EDUCATION, POLICY, AND ADVOCACY.
Program accomplishments
- ECONOMIC RESEARCH AND ANALYSIS - LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY ("LISEP") CONDUCTED ECONOMIC RESEARCH AND ANALYSIS TO STUDY THE FINANCIAL WELL-BEING OF LOWER- AND MIDDLE-INCOME AMERICANS: THE PURPOSE OF THE RESEARCH WAS TO IDENTIFY GAPS IN CURRENT ECONOMIC STATISTICS AND TO PROPOSE AND PUBLISH ALTERNATIVE METRICS THAT PROVIDE A MORE NUANCED VIEW OF ECONOMIC TRENDS, WITH AN EMPHASIS ON THE DAILY REALITIES THAT THIS POPULATION FACES.
- PUBLISHING AND DISSEMINATING ECONOMIC RESEARCH AND ANALYSIS: THE MAIN GOAL IS TO ALLOW FOR THE ECONOMIC RESEARCH AND ANALYSIS TO BE WIDELY AVAILABLE TO THOUGHT LEADERS, ECONOMIC EXPERTS, POLICYMAKERS, PUBLIC OFFICIALS, AND THE GENERAL PUBLIC. THE FORMS OF MEDIA WHERE THE FINDINGS WOULD BE INCLUDE ARTICLES, NEWSLETTERS, AND LISEP'S WEBSITE AS WELL AS NEWS MEDIA, ACADEMIC JOURNALS, PODCASTS, ETC. LISEP HOPES THAT THE PUBLICATION OF NEW STATISTICS WILL LEAD TO TRACTION AMONGST RELEVANT AUDIENCES SO THEY WILL BETTER UNDERSTAND THE ECONOMIC PREDICAMENT OF LOW- AND MIDDLE-INCOME AMERICANS.
- PROVIDE GRANTS TO NONPROFIT INSTITUTIONS THAT HELP LOW- AND MIDDLE-INCOME PEOPLE SUCCEED IN LIFE. LISEP SOUGHT TO GRANT FUNDING TO A COUPLE OF NONPROFIT INSTITUTIONS THAT COULD MEANINGFULLY HELP PEOPLE IN NEED OF A LOW-INTEREST SMALL BUSINESS LOAN OR WHO NEEDED GAP FUNDING TO BE ABLE TO CONTINUE WITH A SKILLS TRAINING COURSE AT A COMMUNITY COLLEGE. THE PURPOSE OF THE COURSE IS TO GAIN THE SKILLS FOR BETTER-PAYING EMPLOYMENT BUT SOME STUDENTS CANNOT GO THROUGH WITH THE TRAINING IF THEY DON'T HAVE FUNDING FOR FOOD AND BILLS, WHICH IS WHAT THE LISEP FUNDING IS INTENDED FOR.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 86-1970328
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $85,146
- Income (IRS master file)
- $69
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $69 | $54,203 | $85,146 | XML |
| 990 | December 2023 | $0 | $105,010 | $139,278 | XML |
| 990 | December 2022 | $1,000,100 | $2,348,882 | $243,837 | IRS |
| 990 | December 2021 | – | – | – | 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 86-1970328).
Questions about LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS
- What is the EIN of LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS?
- The employer identification number (EIN) of LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS is 86-1970328.
- Is LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2021.
- Are donations to LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS 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 LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS 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 LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS?
- The 990 for the year ended December 31, 2024 names EUGENE LUDWIG.
- Who are the officers and directors of LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does LUDWIG INSTITUTE FOR SHARED ECONOMIC PROGRESS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $69, expenses of $54,203 and total assets of $85,146 at year end.
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