2024-11-15T07:41:18-06:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 873213298 PROJECT LIBERTY INSTITUTE PROJ 3323302695 501 WEST 30TH ST 37 FL NEW YORK NY 10001 JOSEPH RILEY TREASURER 3323302695 2024-11-15 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2024-10-15 13:58:12Z X FRANK MCCOURT 501 WEST 30TH ST 37 FL NEW YORK NY 10001 15054917 0 X WWW.PROJECTLIBERTY.IO X 2021 DE SEE PART III, LINE 1. 3 3 12 5 0 0 13800000 15054301 0 0 0 -6722 0 616 13800000 15048195 36620545 1406878 0 0 129643 2423033 0 0 572510 2348580 5572062 39098768 9401973 -25298768 5646222 1261127 6240925 46127480 45461056 -44866353 -39220131 TO CREATE A NEW CIVIC ARCHITECTURE FOR THE DIGITAL WORLD THAT RETURNS THE OWNERSHIP AND CONTROL OF PERSONAL DATA TO INDIVIDUALS, EMBEDS ETHICAL VALUES INTO TECHNOLOGY, AND EXPANDS ECONOMIC OPPORTUNITIES FOR WEB USERS AND DEVELOPERS ALIKE. 0 0 2346804 1080124 PROJECT LIBERTY INSTITUTE ORGANIZES AND PARTICIPATES IN REGULAR EVENTS, CONVENINGS AND EDUCATIONAL CAMPAIGNS OF TECHNOLOGISTS, ETHICISTS, LEGAL EXPERTS, ENTREPRENEURS, SOCIAL INNOVATORS AND OTHER EXPERTS IN THE UNITED STATES, UNITED KINGDOM, FRANCE, AND ELSEWHERE TO FOSTER DIALOGUE AND DEVELOP COMPREHENSIVE RECOMMENDATIONS TO EXPLORE AND ADVANCE BETTER MODELS OF DIGITAL ECOSYSTEMS. 2191624 326754 PROJECT LIBERTY INSTITUTE CONDUCTS AND PROVIDES FUNDING FOR RESEARCH AND TECHNOLOGY PROJECTS THAT FURTHER THE EDUCATION OF THE PUBLIC AND THE SCIENTIFIC COMMUNITY'S UNDERSTANDING OF THE IMPACT OF TECHNOLOGY ON SOCIETY, INCLUDING AN ENHANCED UNDERSTANDING OF, AND ADVANCEMENT OF, DATA PRIVACY, ONLINE RELATIONSHIPS, AND NEW DIGITAL GOVERNANCE AND DIGITAL SHARED ECONOMIC MODELS. 4538428 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 19 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X TOMICAH TILLEMANN 3323302695 501 WEST 30TH STREET 37TH FLOOR NEW YORK NY 10001 FRANK MCCOURT CHAIR 25.00 X X 0 0 0 MARIA CANCIAN SECRETARY (BEG. 8/23) 0.50 X X 0 0 0 ALBERTO BEECK DIRECTOR (BEG. 8/23) 0.25 X 0 0 0 MARTINA LARKIN CEO 1.00 39.00 X 0 426079 0 JOSEPH RILEY TREASURER 2.00 X 0 0 0 JOSEPH WHITE SECRETARY (THROUGH 8/23) 5.00 X 0 0 0 LARA GALINSKY HEAD OF PARTNERSHIPS (BEG. 3/23) 40.00 X 273563 0 41744 JAMES BELL HEAD OF STRAT. INSIGHTS (BEG. 4/23) 40.00 X 259116 0 44595 KILA ENGLEBROOK HEAD OF OPERATIONS (BEG. 3/23) 40.00 X 256998 0 29320 ELIZABETH CAPUTO HEAD OF STRAT. INITIAT. (BEG. 2/23) 40.00 X 231670 0 32521 ERIK SUHONEN HEAD OF ECOSYSTEM GROWTH (BEG. 5/23) 40.00 X 227827 0 28191 1249174 426079 176371 8 0 1 0 MULE DESIGN STUDIO INC 601 MINNESOTA ST SUITE 122 SAN FRANCISCO CA 94107 BRAND STRATEGY CONSULTING SVCS 650000 BOATHOUSE GROUP INC 260 CHARLES STL 4TH FLOOR WALTHAM MA 02453 STRATEGIC COMMUNICATIONS SVCS 225000 ORR GROUP 3000 K STREET NW SUITE E280 WASHINGTON DC 20007 DEVELOPMENT SERVICES 192500 FELICIDAD PUBLICA LLC 251 LITTLE FALLS DRIVE WILMINGTON DE 19808 CREATIVE DIR. & WEB DESIGN SVCS 181950 EGON ZEHNDER INTERNATIONAL INC 520 MADISON AVE 23RD FL NEW YORK NY 10022 RECRUITING SERVICES 176000 10 15054301 15054301 6722 -6722 -6722 -6722 OTHER REVENUE 900099 616 616 616 15048195 0 0 -6106 X 770000 770000 636878 636878 2141474 1277263 748151 116060 167664 111261 46347 10056 113895 59744 46101 8050 166582 166582 170292 170292 3053440 724106 1925849 403485 28891 544 28347 19524 8764 10711 49 189790 47488 129133 13169 61025 61025 231126 162963 66331 1832 200231 143598 39432 17201 15012 15012 3395 161 3234 GRANT LIAB. DISCOUNTS 1351789 549562 802227 PAYROLL PROCESISNG FEES 43149 28633 11928 2588 FOREIGN CURRENCY EXCH. 14336 16382 -2046 TRAINING 7949 150 7791 8 15531 931 14588 12 9401973 4538428 4291035 572510 1183689 373168 500000 26176 99176 35107 13207 42027 21900 9235 5246681 1261127 6240925 191318 200744 45936162 42022949 0 3237363 46127480 45461056 X -44866353 -39220131 -44866353 -39220131 1261127 6240925 5646222 0 X 0 1 X 1 0 X 5000000 13800000 15054301 33854301 5000000 13800000 15054301 33854301 31518706 2335595 616 616 33854917 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 35107 13207 21900 21900 DEPOSITS 12500 DUE FROM RELATED ORGANIZATION 5234181 5246681 DUE TO RELATED ORGANIZATION 3237363 3237363 X PART III, LINE 1A: ON NOVEMBER 16, 2022, THE ORGANIZATION RECEIVED A NONCASH DONATION OF 50,000,000 FREQUENCY DIGITAL TOKENS, THE GOVERNANCE AND UTILITY TOKENS FOR THE DECENTRALIZED FREQUENCY INFRASTRUCTURE WHICH ENABLES SOCIAL MEDIA MESSAGING AT SCALE. GIVEN THAT FREQUENCY TOKENS WERE MINTED ONLY IN NOVEMBER 2022, A MARKETPLACE FOR THE TOKENS HAD YET TO BE ESTABLISHED. THE ORGANIZATION CONCLUDED THAT THE TOKENS HAD ZERO VALUE AT THE CONTRIBUTION DATE AND THEREFORE HAS NOT ASSIGNED A VALUE TO THE TOKENS ON THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION. HOWEVER, THE ORGANIZATION BELIEVES THE TOKENS MAY APPRECIATE IN VALUE AS THEY ULTIMATELY BECOME MARKETABLE. PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN NONPERSONNEL EXPENSE ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND ACCOUNTS PAYABLE IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. THERE IS NO PROVISION IN THESE CONSOLIDATED FINANCIAL STATEMENTS FOR PENALTIES AND INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS. PART III, LINE 1A: ON NOVEMBER 28, 2022, PROJECT LIBERTY RECEIVED A NON-CASH GRANT OF 50,000,000 FREQUENCY DIGITAL TOKENS, THE NATIVE BLOCKCHAIN-BASED UTILITY TOKENS FOR THE FREQUENCY LAYER 1 BLOCKCHAIN INTEGRATED INTO THE POLKADOT PLATFORM. THE FREQUENCY TOKENS WERE MINTED IN NOVEMBER 2022 AND A MARKETPLACE FOR THE TOKENS HAS YET TO BE ESTABLISHED. PROJECT LIBERTY CONCLUDED THAT THE TOKENS HAD ZERO VALUE AT THE CONTRIBUTION DATE AND THEREFORE HAS NOT ASSIGNED A DOLLAR VALUE TO THE TOKENS. 1 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONVENING TECHNOLOGISTS, ETHICISTS, ACADEMICS, ENTREPRENEURS, SOCIAL INNOVATORS AND OTHER EXPERTS TO FOSTER DIALOGUE AND DEVELOP COMPREHENSIVE RECOMMENDATIONS TO EXPLORE AND ADVANCE BETTER MODELS OF DIGITAL ECOSYSTEMS. 24934 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONVENING TECHNOLOGISTS, ETHICISTS, ACADEMICS, ENTREPRENEURS, SOCIAL INNOVATORS AND OTHER EXPERTS TO FOSTER DIALOGUE AND DEVELOP COMPREHENSIVE RECOMMENDATIONS TO EXPLORE AND ADVANCE BETTER MODELS OF DIGITAL ECOSYSTEMS. 4033 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONVENING TECHNOLOGISTS, ETHICISTS, ACADEMICS, ENTREPRENEURS, SOCIAL INNOVATORS AND OTHER EXPERTS TO FOSTER DIALOGUE AND DEVELOP COMPREHENSIVE RECOMMENDATIONS TO EXPLORE AND ADVANCE BETTER MODELS OF DIGITAL ECOSYSTEMS. 1944 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 636878 0 0 0 0 0 0 667789 0 667789 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT A BODY OF WORK DEVELOPING AN EDUCATIONAL CAMPAIGN ABOUT THE IMPACT OF TECHNOLOGY ON CHILDREN AND YOUTH, WITH A PARTICULAR FOCUS ON THE PUBLIC POLICY, LEGAL AND ETHICAL ASPECTS. 310124 ACH WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT A BODY OF WORK DEVELOPING TECHNOLOGY PROJECTS THAT BRING FORWARD DIFFERENT PROOFS OF CONCEPT THAT SHOWCASE POSSIBLE WAYS FOR ADVANCEMENT OF DATA PRIVACY, ONLINE RELATIONSHIPS, NEW DIGITAL GOVERNANCE OR ECONOMIC MODELS. 326754 ACH WIRE 0 1 1 1 0 1 0 0 0 PART I, LINE 2: GRANT RECIPIENTS ARE SELECTED AFTER A REVIEW OF GRANT APPLICATIONS BY THE SENIOR LEADERSHIP, CAREFUL EVALUATION BY THE BOARD CHAIR OF THE USE OF THE PROPOSED GRANT, AND A DETERMINATION BY THE BOARD CHAIR THAT THE USE OF THE PROPOSED GRANT WILL SUPPORT THE TAX-EXEMPT PURPOSES OF THE ORGANIZATION. THE ORGANIZATION WILL ENTER INTO GRANT AGREEMENTS WITH RECIPIENTS, WHICH WILL REQUIRE PERIODIC REPORTS ON THE USE OF FUNDS. PROJECT LIBERTY ACCOUNTS FOR GRANT EXPENSE USING THE ACCRUAL METHOD WHEREBY GRANTS ARE EXPENSED, AND THE CORRESPONDING LIABILITIES ARE RECORDED, IN THE PERIODS IN WHICH THE OBLIGATIONS ARE INCURRED. GRANT PAYMENTS WILL BE MADE IN ANNUAL INSTALLMENTS OF $2,500,000. 1 THE HOPEWELL FUND 1828 L STREET NW SUITE 300D WASHINGTON DC 20036 473681860 501(C)(3) 20000 0 SUPPORT THE ORGANIZATION TO HOST ROUNDTABLE DISCUSSIONS BRINGING TOGETHER YOUNG PEOPLE FROM MULTIPLE FIELDS WITH TECHNOLOGISTS TO EXPLORE THE EFFECTS OF TECHNOLOGY ON THE WELLBEING OF YOUNG PEOPLE. ISSUE ONE 1401 K STREET NW SUITE 350 WASHINGTON DC 20005 320384285 501(C)(3) 500000 0 SUPPORT THE ORGANIZATION TO DEVELOP AND HOST EDUCATIONAL EVENTS AND ACTIVITIES THAT EXPLORE THE NEGATIVE MENTAL, CIVIC AND PUBLIC HEALTH IMPACTS OF DIGITAL TECHNOLOGY, PARTICULARLY SOCIAL MEDIA. HETERODOX ACADEMY 82 NASSAU STREET 646 NEW YORK NY 10038 822903153 501(C)(3) 250000 0 SUPPORT ORGANIZATION IN HOSTING DISCUSSIONS THAT BRING TOGETHER EDUCATORS FROM MULTIPLE FIELDS WITH TECHNOLOGIST TO EXPLORE THE EFFECTS OF TECHNOLOGY ON DEMOCRATIC AND EPISTEMIC INSTITUTIONS. CONDUCT A MEMBERSHIP DRIVE TO LEVERAGE COMMUNITY SUPPORT AND INCREASE MEMBERSHIP. 3 0 PART I, LINE 2: GRANT RECIPIENTS ARE SELECTED AFTER A REVIEW OF GRANT APPLICATIONS BY THE SENIOR LEADERSHIP, CAREFUL EVALUATION BY THE BOARD CHAIR OF THE USE OF THE PROPOSED GRANT, AND A DETERMINATION BY THE BOARD CHAIR THAT THE USE OF THE PROPOSED GRANT WILL SUPPORT THE TAX-EXEMPT PURPOSES OF THE ORGANIZATION. THE ORGANIZATION WILL ENTER INTO GRANT AGREEMENTS WITH RECIPIENTS, WHICH WILL REQUIRE PERIODIC REPORTS ON THE USE OF FUNDS. PROJECT LIBERTY ACCOUNTS FOR GRANT EXPENSE USING THE ACCRUAL METHOD WHEREBY GRANTS ARE EXPENSED, AND THE CORRESPONDING LIABILITIES ARE RECORDED, IN THE PERIODS IN WHICH THE OBLIGATIONS ARE INCURRED. X 1 1 X 0 0 0 0 0 0 0 1 0 MARTINA LARKIN CEO 0 426079 0 0 0 0 0 0 0 0 0 426079 0 0 LARA GALINSKY HEAD OF PARTNERSHIPS (BEG. 3/23) 232323 0 41240 0 0 0 8266 0 33478 0 315307 0 0 0 JAMES BELL HEAD OF STRAT. INSIGHTS (BEG. 4/23) 225476 0 33640 0 0 0 3102 0 41493 0 303711 0 0 0 KILA ENGLEBROOK HEAD OF OPERATIONS (BEG. 3/23) 223590 0 33408 0 0 0 7473 0 21847 0 286318 0 0 0 ELIZABETH CAPUTO HEAD OF STRAT. INITIAT. (BEG. 2/23) 216292 0 15378 0 0 0 3235 0 29286 0 264191 0 0 0 ERIK SUHONEN HEAD OF ECOSYSTEM GROWTH (BEG. 5/23) 196343 0 31484 0 0 0 2391 0 25800 0 256018 0 0 0 PART I, LINE 1A THE ORGANIZATION'S CEO, MARTINA LARKIN, FLEW BUSINESS/FIRST CLASS FOR INTERNATIONAL FLIGHTS. PART I, LINE 7 ALL BONUSES ARE MERIT BASED. SEE PART II FOR BONUSES. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH WHITE AND JOSEPH RILEY HAVE BUSINESS RELATIONSHIPS WITH FRANK MCCOURT. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S GOVERNING DOCUMENTS WERE UPDATED TO INCLUDE ITS NAME CHANGE FROM PROJECT LIBERTY, INC. TO PROJECT LIBERTY INSTITUTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS THEN REVIEWED BY SENIOR MANAGEMENT. THE FINAL RETURN WAS THEN REVIEWED BY THE FULL BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. NO MEMBER OF THE BOARD OR ANY COMMITTEE OF THE BOARD PARTICIPATES DIRECTLY OR INDIRECTLY IN THE CONSIDERATION OF ANY MATTER IN WHICH HE OR SHE HAS A DIRECT OR INDIRECT FINANCIAL INTEREST UNLESS SUCH INTEREST IS DISCLOSED AND A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR COMMITTEE APPROVES IN ADVANCE THE MEMBER'S PARTICIPATION IN CONSIDERATION OF THE MATTER. NEITHER THE BOARD NOR ANY COMMITTEE OF THE BOARD APPROVES ANY SUCH MEMBER'S PARTICIPATION IN THE CONSIDERATION OF ANY MATTER THAT IS OTHERWISE PROHIBITED BY LAW. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNING BOARD REVIEWS AND APPROVES THE COMPENSATION ARRANGEMENTS FOR THE CEO AND OTHER KEY EMPLOYEES. THE TOP MANAGEMENT OFFICIAL'S LAST COMPENSATION REVIEW TOOK PLACE IN DECEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G RECRUITING PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 6,031. MANAGEMENT AND GENERAL EXPENSES 313,805. FUNDRAISING EXPENSES 304. TOTAL EXPENSES 320,140. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 62,263. MANAGEMENT AND GENERAL EXPENSES 139,778. FUNDRAISING EXPENSES 34,959. TOTAL EXPENSES 237,000. RESEARCH & ANALYSIS: PROGRAM SERVICE EXPENSES 419,003. MANAGEMENT AND GENERAL EXPENSES 940,641. FUNDRAISING EXPENSES 235,259. TOTAL EXPENSES 1,594,903. WEB MEDIA & DESGIN: PROGRAM SERVICE EXPENSES 60,325. MANAGEMENT AND GENERAL EXPENSES 135,426. FUNDRAISING EXPENSES 33,871. TOTAL EXPENSES 229,622. MULTI MEDIA PRODUCTION: PROGRAM SERVICE EXPENSES 72,156. MANAGEMENT AND GENERAL EXPENSES 161,987. FUNDRAISING EXPENSES 40,514. TOTAL EXPENSES 274,657. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 104,328. MANAGEMENT AND GENERAL EXPENSES 234,212. FUNDRAISING EXPENSES 58,578. TOTAL EXPENSES 397,118. DSNP ORG LLC THE CORPORATION TRUST CENTER 1209 O WILMINGTON DE 19801 873213298 STEWARD THE DECENTRALIZED SOCIAL NETWORKING PROTOCOL ("DSNP") DE 0 0 PROJECT LIBERTY INSTITUTE MCCOURT INSTITUTE LLC THE CORPORATION TRUST CENTER 1209 O WILMINGTON DE 19801 ENSURE FUTURE PRIORITIZATION OF DIGITAL GOVERNANCE OVER THE DE 0 0 PROJECT LIBERTY INSTITUTE PROJECT LIBERTY UK SERVICES LIMITED SUITE 2 FIRST FLOOR 10 TEMPLE BLA BRISTOL BS1 6FL UK PROVIDES ORGANIZATIONAL DEVELOPMENT SERVICES UK PROJECT LIBERTY INSTITUTE C 220006 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 PROJECT LIBERTY UK SERVICES LIMITED M 140606 ACCRUAL PROJECT LIBERTY UK SERVICES LIMITED N 268748 ACCRUAL PROJECT LIBERTY UK SERVICES LIMITED O 788894 ACCRUAL PROJECT LIBERTY UK SERVICES LIMITED D 2009180 ACCRUAL PROJECT LIBERTY UK SERVICES LIMITED E 12363 ACCRUAL