Nonprofit · EIN 94-3008370
INDEPENDENT INSTITUTE
Tax-exempt · OAKLAND, CA 94621
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,514,941 | $6,603,018 | -$88,077 | $12,956,735 | $936,549 | $12,020,186 |
| June 30, 2024 | 990 | $9,041,220 | $5,328,241 | $3,712,979 | $12,658,115 | $838,450 | $11,819,665 |
| June 30, 2023 | 990 | $4,070,807 | $5,035,747 | -$964,940 | $8,201,976 | $547,469 | $7,654,507 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,542,509
- Program service revenue
- $61,815
- Investment income
- $863,237
- Net gain from sales of assets
- $466,267
- Net income from sales of inventory
- $41,309
- Other revenue
- $47,380
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $673,310
- Other salaries and wages
- $2,296,024
- Salaries, compensation and benefits (total)
- $3,434,649
- Professional fundraising fees
- $0
- Accounting fees
- $193,753
- Occupancy
- $88,827
- Travel
- $412,743
- Depreciation
- $37,943
- Program services (functional)
- $5,118,051
- Management and general (functional)
- $674,733
- Fundraising (functional)
- $810,234
Balance sheet and other
- Total assets, start of year
- $12,658,115
- Total assets, end of year
- $12,956,735
- Total liabilities, end of year
- $936,549
- Net assets, end of year
- $12,020,186
- Land, buildings and equipment
- $106,851
- Publicly traded securities
- $7,783,093
- Net assets without donor restrictions
- $5,987,718
- Net assets with donor restrictions
- $6,032,468
- Gross receipts
- $8,110,040
- Employees
- 33
- Volunteers
- 7
- Year formed
- 1986
- State of legal domicile
- CA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRAHAM H WALKER | PRESIDENT Trustee or director, Officer | 40 | $281,510 | $14,779 |
| PHIL MAGNESS | DJT CHAIR Officer | 40 | $219,415 | $7,422 |
| WILLIAMSON EVERS | SENIOR FELLOW AND COEE DIRECTOR Highest-paid employee | 40 | $189,925 | $16,235 |
| BRADLEY DEVOS | CHIEF OPERATING OFFICER Officer | 40 | $172,385 | $0 |
| IVAN ELAND | SENIOR FELLOW AND COPAL DIRECTOR Highest-paid employee | 40 | $155,670 | $15,996 |
| LAWRENCE MCQUILLAN | SENIOR FELLOW AND COEI DIRECTOR Highest-paid employee | 40 | $138,094 | $16,564 |
| JACOB TURNROSE | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $134,480 | $855 |
| GABRIEL GASAVE | DIRECTOR OF THE CENTER ON GLOBAL PROSPERITY Highest-paid employee | 40 | $110,412 | $9,707 |
| SUSAN SOLINSKY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH A O'DOWD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SALLY S HARRIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL S CASSLING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY L G THEROUX | CHAIRMAN AND CEO Trustee or director, Officer | 40 | $0 | $0 |
| JOHN HAGEL III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN B ESTILL | DIRECTOR Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID J TEECE | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRAHAM WALKER | PRESIDENT Trustee or director, Officer | 40 | $262,930 | $13,719 |
| WILLIAMSON EVERS | SENIOR FELLOW Highest-paid employee | 40 | $190,911 | $15,608 |
| IVAN ELAND | SENIOR FELLOW Highest-paid employee | 40 | $150,503 | $14,490 |
| LAWRENCE J MCQUILLAN | SENIOR FELLOW Highest-paid employee | 40 | $131,726 | $13,759 |
| JACOB TURNROSE | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $100,835 | $14,490 |
| JOHN HAGEL III JD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SALLY HARRIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN SOLINSKY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID TEECE PHD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY THEROUX | CHAIRMAN & CEO Trustee or director, Officer | 40 | $0 | $0 |
| SARAH O'DOWD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL CASSLING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRAD DEVOS | COO Officer | 40 | $0 | $0 |
| PHILLIP MAGNESS | DJT CHAIR Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GRAHAM WALKER | PRESIDENT Officer | 40 | $214,836 |
| WILLIAMSON EVERS | SENIOR FELLOW Highest-paid employee | 40 | $182,556 |
| IVAN ELAND | SENIOR FELLOW Highest-paid employee | 40 | $134,652 |
| LAWRENCE J MCQUILLAN | SENIOR FELLOW Highest-paid employee | 40 | $126,024 |
| JOHN HAGEL III JD | DIRECTOR Trustee or director | 2 | $0 |
| SALLY HARRIS | DIRECTOR Trustee or director | 2 | $0 |
| GARY SCHLARBAUM PHD CFA | DIRECTOR Trustee or director | 2 | $0 |
| SUSAN SOLINSKY | DIRECTOR Trustee or director | 2 | $0 |
| DAVID TEECE PHD | DIRECTOR Trustee or director | 2 | $0 |
| MARY THEROUX | CHAIRMAN & CEO Trustee or director, Officer | 40 | $0 |
| SARAH O'DOWD | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL CASSLING | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 100 SWAN WAY STE 200, OAKLAND, CA 94621-1459
- Principal officer (990 for 2024)
- MARY LG THEROUX, 100 SWAN WAY, OAKLAND, CA 94621
- Signed the 990
- MARY LG THEROUX, CHIEF EXECUTIVE OFFICER
- Phone
- (510) 632-1366
- Website
- WWW.INDEPENDENT.ORG
- Return prepared by
- BRYMAR CPA LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3008370 or by the name INDEPENDENT INSTITUTE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
ESTABLISHED IN THE ENTREPRENEURIAL SPIRIT OF ITS HOME IN SILICON VALLEY, THE NON-PROFIT, NON-PARTISAN INDEPENDENT INSTITUTE EMPLOYS INNOVATIVE THINKING TO BOLDLY ADVANCE PEACEFUL, PROSPEROUS, AND FREE SOCIETIES GROUNDED IN A COMMITMENT TO HUMAN WORTH AND DIGNITY.
Program accomplishments
- DISSEMINATING IDEAS: INDEPENDENT DEPLOYS BEST-IN-CLASS TRANSMEDIA CAMPAIGNS TO CONNECT ITS RIGOROUS RESEARCH TO TARGETED AUDIENCES, ENCOURAGING THE APPLICATION OF THESE IDEAS INTO THE CULTURE AND COMMUNITY IN WINNING THE BATTLE OF IDEAS. THESE ACTIVITIES INCLUDE PUBLISHING THE WORK IN VARIOUS FORMATS (BOOK, JOURNAL ARTICLE, OR OTHER PUBLICATION), AND THEN AGGRESSIVELY MARKETING THE RESULTS TO POSITION THE FINDINGS ACROSS MAJOR OPINION AUDIENCES. INDEPENDENT ORGANIZES CONFERENCES AND MEDIA PROGRAMS, AND REPACKAGES THE FINDINGS TO COMMUNICATE TO DIFFERENT KINDS AND LEVELS OF AUDIENCES. WE UTILIZE ONLINE PLATFORMS AND SOCIAL MEDIA IN TARGETING AUDIENCES ON THOSE MATTERS THAT WILL DIRECTLY AFFECT THEM. THESE ACTIVITIES ATTRACT OVER 1 MILLION WEBSITE VISITORS, HALF A MILLION SOCIAL MEDIA FOLLOWERS, AND 5.5 BILLION MEDIA IMPRESSIONS PER YEAR.Expenses $2,586,715 · revenue $109,195
- SPARKING ENTREPRENEURSHIP & INNOVATION: INDEPENDENT REVERSES GOVERNMENT GROWTH BY SPOTLIGHTING WRONGDOING AND OFFERING PRACTICAL, TECH-FORWARD SOLUTIONS GROUNDED IN NATURAL LAW. WE GENERATE SOLUTIONS IN BUSINESS, HOUSING, HEALTHCARE, ENTITLEMENTS, THE ENVIRONMENT, AND GLOBAL PROSPERITY. OUR CALIFORNIA GOLDEN FLEECE AWARDS, AWARD-WINNING BOOKS, STUDIES, SPANISH WEBSITE, AND MULTI-MEDIA CAMPAIGNS SHARE OUR SOLUTIONS WITH CIVIC LEADERS, THE MEDIA, AND THE PUBLIC. OUR WORK HAS BEEN INTRODUCED IN NATIONAL LEGISLATION, CONTRIBUTED TO THE ELIMINATION OF THE INDIVIDUAL HEALTHCARE MANDATE, MOTIVATED REFORM IN THE CALIFORNIA DEPARTMENT OF WATER RESOURCES AND DEPARTMENT OF FORESTRY AND FIRE PREVENTION, AND HAS BEEN SIGNED INTO LAW IN CALIFORNIA.Expenses $1,449,051
- EDUCATING THE NEXT GENERATION: INDEPENDENT ENGAGES AND INSPIRES YOUNG PEOPLE AND PARENTS WITH THE PRINCIPLES OF LIBERTY, AND EMPOWERS PARENTS TO SELECT THE BEST EDUCATION FOR THEIR CHILDREN. OUR SATIRICAL YOUTUBE SERIES, LOVE GOV, APPLIES FREE-MARKET THINKING TO HOUSING, EMPLOYMENT, HEALTHCARE, EDUCATION, AND PRIVACY, AND HAS ACHIEVED WELL OVER 7.4 MILLION VIEWS PRIMARILY FROM MILLENNIALS. THIS YEAR, WE LAUNCH LOVE GOV SEASON TWO WITH A COMPLEMENTARY WEBSITE AND SOCIAL MEDIA PORTFOLIO. OUR INTERNSHIPS AND YOUTH-FOCUSED EVENTS OFFER HANDS-ON LEARNING, AND OUR EFFORTS TO BUILD AWARENESS FOR SCHOOL CHOICE, AFFORDABLE PRIVATE SCHOOL MODELS, AND HIGHER EDUCATION REFORMS ARE EXPANDING EDUCATIONAL OPPORTUNITY FOR ALL.Expenses $573,848
- DEFENDING CIVIL LIBERTIES: INDEPENDENT REMINDS THE PUBLIC, MEDIA, AND CIVIC LEADERS ABOUT CONSTITUTIONAL LIMITS ON GOVERNMENT AND THE CIVIL LIBERTIES THOSE LIMITS PROTECT. OUR PRINCIPLED, PEER-REVIEWED RESEARCH CRITICALLY REVIEWS POLICIES AND APPROACHES TO TORT LIABILITY, CRIMINAL JUSTICE, CONSTITUTIONAL LAW, PROPERTY RIGHTS, CIVIL LIBERTIES, FOREIGN POLICY, AND HUMAN MORALITY TO PRESERVE AND EXPAND INDIVIDUAL LIBERTY. OUR RESEARCH AND SOLUTIONS ARE DISSEMINATED THROUGH AWARD-WINNING BOOKS, STUDIES, EVENTS, REGIONAL AND NATIONAL MULTI-MEDIA CAMPAIGNS, AND HAVE INSPIRED LEGISLATIVE TESTIMONY BEFORE A U.S. HOUSE COMMITTEE, SENATE JUDICIARY COMMITTEE, AND HAVE BEEN CITED MULTIPLE TIMES BY THE U.S. SUPREME COURT.Expenses $508,437
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 94-3008370
- 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
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,956,735
- Income (IRS master file)
- $8,110,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,514,941 | $6,603,018 | $12,956,735 | XML |
| 990 | June 2024 | $9,041,220 | $5,328,241 | $12,658,115 | XML |
| 990 | June 2023 | $4,070,807 | $5,035,747 | $8,201,976 | XML |
| 990 | June 2022 | $5,449,140 | $4,885,556 | $9,064,012 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 94-3008370).
Questions about INDEPENDENT INSTITUTE
- What is the EIN of INDEPENDENT INSTITUTE?
- The employer identification number (EIN) of INDEPENDENT INSTITUTE is 94-3008370.
- Is INDEPENDENT INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to INDEPENDENT INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENT 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 INDEPENDENT INSTITUTE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDEPENDENT INSTITUTE?
- The 990 for the year ended June 30, 2025 names MARY LG THEROUX.
- Who are the officers and directors of INDEPENDENT INSTITUTE?
- The 990 for the year ended June 30, 2025 lists 16 people; 8 received compensation from the organization, the highest $281,510 (GRAHAM H WALKER, PRESIDENT).
- How much revenue does INDEPENDENT INSTITUTE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,514,941, expenses of $6,603,018 and total assets of $12,956,735 at year end.
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