Nonprofit · EIN 93-3136676
COMPACT INSTITUTE OF IDEAS INC
Tax-exempt · NEW YORK, NY 10163
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $376,215 | $300,573 | $75,642 | $301,185 | $25,543 | $275,642 |
| December 31, 2023 | 990 | $200,000 | $0 | $200,000 | $200,000 | $0 | $200,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $376,215
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $272,946
- Compensation of officers, directors and key employees
- $5,000
- Salaries, compensation and benefits (total)
- $5,000
- Professional fundraising fees
- $0
- Accounting fees
- $19,140
- Program services (functional)
- $272,946
- Management and general (functional)
- $25,015
- Fundraising (functional)
- $2,612
Balance sheet and other
- Total assets, start of year
- $200,000
- Total assets, end of year
- $301,185
- Total liabilities, end of year
- $25,543
- Net assets, end of year
- $275,642
- Gross receipts
- $376,215
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- DE
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 |
|---|---|---|---|
| Wilken Yu | Trustee Trustee or director | 1 | $5,000 |
| Sohrab Ahmari | Treasurer Trustee or director, Officer | 1 | $0 |
| Matthew Schmitz | President Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sohrab Ahmari | Treasurer Trustee or director, Officer | 1 | $0 |
| Matthew Schmitz | President Trustee or director, Officer | 1 | $0 |
| Wilken Yu | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4668, NEW YORK, NY 10163-4668
- Principal officer (990 for 2024)
- Matthew Schmitz, PO Box 4668 75609, New York, NY 10163
- Signed the 990
- Matthew Schmitz, President
- Phone
- (908) 248-2328
- Return prepared by
- Zac Mabry LLC
Mission
The purpose of The Compact Institute of Ideas is to support exceptional journalism, as exemplified by COMPACT, and to conduct related public educational programs, such as training, mentorship, and sponsoring of journalists and public intellectuals, the production of rigorous, public-minded investigative reporting, the organization of annual or other periodic educational and enrichment programs, conferences and colloquia and the promotion of scholarship regarding the same.
Program accomplishments
- Global Project: We have published reporting and analysis from countries often overlooked by the Western press.Expenses $74,187 · grants $74,187
- Critical Dialogue: Critical Dialogues: We have published a series of reviews and essay exploring new cultural trends.Expenses $72,208 · grants $72,208
- Compact Podcast: We host Compact Conversations, a podcast taking an in-depth look at the ideas shaping the contemporary world.Expenses $64,102 · grants $64,102
- Project for a New Social-Democratic Consensus: We have hosted important discussions of trade, industrial policy, and labor relations.Expenses $62,449 · grants $62,449
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
- 93-3136676
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A30)
- Assets (IRS master file)
- $301,185
- Income (IRS master file)
- $376,215
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $376,215 | $300,573 | $301,185 | XML |
| 990 | December 2023 | $200,000 | $0 | $200,000 | XML |
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 93-3136676).
Questions about COMPACT INSTITUTE OF IDEAS INC
- What is the EIN of COMPACT INSTITUTE OF IDEAS INC?
- The employer identification number (EIN) of COMPACT INSTITUTE OF IDEAS INC is 93-3136676.
- Is COMPACT INSTITUTE OF IDEAS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to COMPACT INSTITUTE OF IDEAS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMPACT INSTITUTE OF IDEAS 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 COMPACT INSTITUTE OF IDEAS INC 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 COMPACT INSTITUTE OF IDEAS INC 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 COMPACT INSTITUTE OF IDEAS INC?
- The 990 for the year ended December 31, 2024 names Matthew Schmitz.
- Who are the officers and directors of COMPACT INSTITUTE OF IDEAS INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $5,000 (Wilken Yu, Trustee).
- How much revenue does COMPACT INSTITUTE OF IDEAS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $376,215, expenses of $300,573 and total assets of $301,185 at year end.
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