Nonprofit · EIN 92-1070406
LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,467,454 | $1,022,077 | $445,377 | $507,876 | $28,425 | $479,451 |
| December 31, 2023 | 990-PF | $1,217,450 | $1,183,376 | $34,074 | $34,057 | -$17 | $34,074 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $506,606
- Interest
- $29
- Net gain from sales of assets
- $960,819
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $356,270
- Disbursements for charitable purposes
- $1,022,077
- Excise tax on investment income
- $13,356
Balance sheet and other
- Total assets, start of year
- $34,057
- Total assets, end of year
- $507,876
- Total liabilities, end of year
- $28,425
- Net assets, end of year
- $479,451
- Fair market value of assets
- $507,876
- Qualifying distributions
- $1,022,077
- Net investment income
- $960,848
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILIP CORNELL 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | CHIEF ECONOMIST Highest-paid employee | 40 | $160,103 | $2,129 |
| SANTIAGO DASSEN 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | RESEARCH ANALYST Highest-paid employee | 40 | $104,167 | $4,747 |
| SHANNON MEYER 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | RESEARCH ANALYST Highest-paid employee | 40 | $91,000 | $17,449 |
| EUGENE LUDWIG 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIRECTOR AND TREASURER | 1 | $0 | $0 |
| CAROL LUDWIG 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | PRESIDENT/SECRETARY/DIRECTOR | 1 | $0 | $0 |
| MATTHEW KING 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILIP CORNELL 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | CHIEF ECONOMIST Highest-paid employee | 40 | $139,583 | $5,914 |
| SANTIAGO DASSEN 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | RESEARCH ANALYST Highest-paid employee | 40 | $84,583 | $3,370 |
| STEPHANIE ALLEN 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | EXEC. DIRECTOR (THRU 3.1.23) | 40 | $37,996 | $16,163 |
| EUGENE LUDWIG 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIRECTOR AND TREASURER | 1 | $0 | $0 |
| CAROL LUDWIG 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | PRESIDENT/SECRETARY/DIRECTOR | 1 | $0 | $0 |
| MATTHEW KING 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIRECTOR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1700 PENNSYLVANIA AVE NW STE 500, WASHINGTON, DC 20006-4714
- In care of
- % LISEP
- Signed the 990-PF
- CAROL LUDWIG, PRESIDENT
- Phone
- (212) 558-3845
- Website
- WWW.LISEP.ORG
- Return prepared by
- PWC US TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 92-1070406
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $507,876
- Income (IRS master file)
- $1,504,060
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,467,454 | $1,022,077 | $507,876 | XML |
| 990-PF | December 2023 | $1,217,450 | $1,183,376 | $34,057 | XML |
| 990-PF | December 2022 | – | – | – | 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 92-1070406).
Questions about LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY
- What is the EIN of LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY?
- The employer identification number (EIN) of LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY is 92-1070406.
- Is LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY 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 PROSPERITY last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $160,103 (PHILIP CORNELL, CHIEF ECONOMIST).
- How much revenue does LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,467,454, expenses of $1,022,077 and total assets of $507,876 at year end.
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