Nonprofit · EIN 94-3463771
ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION
Tax-exempt · CHAMPAIGN, IL 61822
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $136,597 | $201,060 | -$64,463 | $17,317 | $18,913 | -$1,596 |
| December 31, 2024 | 990 | $238,786 | $252,378 | -$13,592 | $70,738 | $7,870 | $62,868 |
| December 31, 2023 | 990-EZ | $183,070 | $104,853 | $78,217 | $93,426 | $16,966 | $76,460 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $136,511
- Other revenue
- $86
Expenses
- Compensation of officers, directors and key employees
- $43,750
- Salaries, compensation and benefits (total)
- $43,750
- Professional fees and payments to contractors
- $96,089
- Printing, publications and postage
- $1,100
- Other expenses
- $60,121
- Program services (functional)
- $113,477
Balance sheet and other
- Total assets, start of year
- $70,737
- Total assets, end of year
- $17,317
- Total liabilities, end of year
- $18,913
- Net assets, end of year
- -$1,596
- Cash, savings and investments
- $17,317
- Gross receipts
- $136,597
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM KLINE | EXECUTIVE DIRECTOR | 40 | $43,750 |
| PERRY ALBIN | CHAIR | 1 | $0 |
| DON ALTORFER | DIRECTOR | 1 | $0 |
| LOU FRIEDRICH | DIRECTOR | 1 | $0 |
| JOHN HECKER | TREASURER | 1 | $0 |
| ALEXANDER MCCOBIN | DIRECTOR | 1 | $0 |
| JIM VERMETTE | DIRECTOR | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM KLINE | EXECUTIVE DIRECTOR Officer | 40 | $113,000 |
| ALEXANDER MCCOBIN | DIRECTOR Trustee or director | 1 | $37,103 |
| PERRY ALBIN | CHAIR Trustee or director | 1 | $0 |
| DON ALTORFER | DIRECTOR Trustee or director | 1 | $0 |
| LOU FRIEDRICH | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY R HARTMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HECKER | TREASURER Trustee or director | 1 | $0 |
| STUART KING MD | DIRECTOR Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PERRY ALBIN | CHAIR | 1 | $0 |
| DON ALTORFER | DIRECTOR | 1 | $0 |
| LOU FRIEDRICH | DIRECTOR | 1 | $0 |
| JEFFREY R HARTMAN | DIRECTOR | 1 | $0 |
| JOHN HECKER | TREASURER | 1 | $0 |
| ALEXANDER MCCOBIN | DIRECTOR | 1 | $0 |
| STUART KING MD | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 907 MARKETVIEW DRIVE, CHAMPAIGN, IL 61822-1227
- In care of
- % WILLIAM KLINE
- Signed the 990-EZ
- PERRY ALBIN, CHAIR
- Phone
- (217) 974-1504
- Website
- WWW.ACADEMYONCAPITALISM.ORG
- Return prepared by
- UHY ADVISORS GREAT LAKES INC
Mission
THE ACADEMY SUPPORTS SCHOLARLY RESEARCH AND TEACHING ABOUT THE AUTHORS AND IDEAS OF FREEMARKET, ENTREPRENEURSHIP, INDIVIDUAL RIGHTS, INDIVIDUAL RESPONSIBILITY, LIMITED GOVERNMENT, AND PEACE. THE ACADEMY IS A SUPPORTING ORGANIZATION THAT PROVIDES GRANTS FOR PROGRAMS, RESEARCH, AND ACTIVITIES AT THE UNIVERSITY OF ILLINOIS.
Program accomplishments
- PROVIDING PHILANTHROPIC INVESTMENT IN PROGRAMS WHICH COMPORT WITH THE ACADEMY MISSION AND EXPRESSED DONOR INTENT AND THE TEACHING, RESEARCH AND SERVICE MISSIONS OF THE UNIVERSITY.Expenses $113,477
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 94-3463771
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $17,317
- Income (IRS master file)
- $136,597
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $136,597 | $201,060 | $17,317 | XML |
| 990 | December 2024 | $238,786 | $252,378 | $70,738 | XML |
| 990-EZ | December 2023 | $183,070 | $104,853 | $93,426 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 94-3463771).
Questions about ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION
- What is the EIN of ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION?
- The employer identification number (EIN) of ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION is 94-3463771.
- Is ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION 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 ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION 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 ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $43,750 (WILLIAM KLINE, EXECUTIVE DIRECTOR).
- How much revenue does ACADEMY ON CAPITALISM AND LIMITED GOVERNMENT FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $136,597, expenses of $201,060 and total assets of $17,317 at year end.
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