2020-11-13T12:59:16-06:00 2019-12-31 470900880 CALIBRE CPA GROUP PLLC 7501 WISCONSIN AVENUE SUITE 1200 WEST BETHESDA MD 20814 990 2019-01-01 822529375 OPEN MARKETS INSTITUTE OPEN 2027011606 1440 G STREET NW WASHINGTON DC 20005 BARRY C LYNN EXECUTIVE DIRECTOR 2027011606 2020-11-13 1 STEVEN C DARR CPA CMA P01324904 2023319880 38.100.43.98 2020-11-13 13:58:54 ES P 099BB351ED5C43DB8E4A0DD96B056B1430213725 FD6C2F2BFF124F2745673C6C1D4AE29ADB4D614A 2019 2021-01-29 14:40:06Z BARRY C LYNN 1440 G STREET NW WASHINGTON DC 20005 5040782 0 X WWW.OPENMARKETSINSTITUTE.ORG X 2017 DC A TEAM OF JOURNALISTS, RESEARCHERS, LAWYERS, AND ADVOCATES WORKING TOGETHER TO EXPOSE AND REVERSE THE STRANGLEHOLD THAT CORPORATE MONOPOLIES HAVE ON OUR COUNTRY. 4 4 23 0 0 0 1617534 5031268 0 8750 0 0 143 764 1617677 5040782 0 0 0 0 276239 1721894 40000 131792 324692 338459 868085 654698 2721771 962979 2319011 1206583 3537197 62434 74037 1144149 3463160 X A TEAM OF JOURNALISTS, RESEARCHERS, LAWYERS, AND ADVOCATES WORKING TOGETHER TO EXPOSE AND REVERSE THE STRANGLEHOLD THAT CORPORATE MONOPOLIES HAVE ON OUR COUNTRY. 0 0 910717 8750 FAIR ECONOMY - OPEN MARKETS USES RESEARCH AND JOURNALISM TO EXPOSE THE DANGERS OF MONOPOLIZATION, IDENTIFIES INTERVENTIONS IN POLICY AND LAW TO ADDRESS THEM, AND EDUCATES POLICYMAKERS, ACADEMICS, MOVEMENT GROUPS, AND OTHER INFLUENTIAL STAKEHOLDERS TO RE-ESTABLISH THE COMPETITIVE MARKETS THAT HAVE LONG FORMED THE BEDROCK OF AMERICAN DEMOCRACY. BY COMBINING POLICY, LEGAL, AND MARKET STRUCTURE EXPERTISE WITH SOPHISTICATED COMMUNICATIONS, EDUCATION, AND COALITION-BUILDING EFFORTS, OPEN MARKETS SEEKS NOT ONLY TO HOLD TODAY'S MONOPOLIES ACCOUNTABLE FOR ABUSE OF POWER, BUT TO REBUILD AN ECONOMIC SYSTEM WHERE PROGRESS IS EASIER TO ACHIEVE, BECAUSE POWER IS FAR MORE WIDELY AND EQUITABLY DISTRIBUTED. 565110 764 TECHNOLOGY AND DEMOCRACY - SINCE OUR LAUNCH AS AN INDEPENDENT ORGANIZATION, THE OPEN MARKETS TEAM HAS FOCUSED ON SOUNDING THE ALARM ON THE MONOPOLISTIC PRACTICES AND HARMS OF FACEBOOK, GOOGLE, AND AMAZON. WE ARE EXCITED TO SEE THAT THIS IS NOW A PART OF THE NATIONAL DEBATE AND THE MOMENTUM FOR ACTION. WHILE WE CONTINUE TO FOCUS OUR EFFORTS ON ENSURING STRUCTURAL REMEDIES ARE APPLIED TO THE HARMS OF THESE PLATFORM MONOPOLIES, WE PLAN TO SIGNIFICANTLY EXPAND OUR WORK ON TECHNOLOGY AND POWER BEYOND THE THREE BIG PLATFORMS. THE MISSION OF THE TECHNOLOGY & POWER PROGRAM IS TO ENSURE THAT NEW TECHNOLOGIES ALWAYS SERVE THE INTEREST OF THE PUBLIC AS A WHOLE AND CANNOT BE USED TO CONCENTRATE DANGEROUS DEGREES OF POWER AND CONTROL OVER THE ACTIONS OR THOUGHTS OF INDIVIDUALS, GROUPS, OR ENTIRE SOCIETIES. THE PROGRAM ACHIEVES THIS BY DEVELOPING AND ADVANCING POLICIES THAT ENSURE THAT INDIVIDUALS CAN COMMUNICATE NEWS AND IDEAS WITH ONE ANOTHER, AND TRADE GOODS AND SERVICES WITH ONE ANOTHER, FREE OF INTERFERENCE BY ANY PRIVATE OR PUBLIC GATEKEEPER. IT IS BASED ON THE IDEA THAT MANY NETWORKS AND NETWORK APPLICATIONS ARE INHERENTLY MONOPOLISTIC IN NATURE AND HENCE MUST BE REGULATED BY THE PEOPLE TO ENSURE EQUAL, UNBIASED, AND REASONABLY PRICED SERVICES TO ALL INDIVIDUALS WHO USE THE NETWORKS AND APPLICATIONS. 155560 COMPETITION LAW AND PHILOSOPHY - OPEN MARKETS WILL SEEK TO ACCELERATE SHAPING THE DIRECTION OF THE LAW THROUGH RESEARCH AND THE FILING OF AMICUS BRIEFS AND COMMENT LETTERS AND PETITIONS TO FEDERAL AGENCIES IN ANTITRUST CASES AND OTHER COMPETITION POLICY MATTERS. THIS WORK HAS ALREADY HAD INFLUENCE. FOR EXAMPLE, OPEN MARKETS' AMICUS BRIEF WAS CITED APPROVINGLY BY THE D.C. CIRCUIT IN ITS FEBRUARY 2019 DECISION ON THE GOVERNMENT'S ATTEMPT TO BLOCK THE AT&T-TIME WARNER MERGER. WE HAVE ALSO SEEN CONSIDERABLE SUCCESS IN DRIVING ACTION THROUGH OUR STATE ATTORNEYS GENERAL PROGRAM AS SEEN IN THE TWO MAJOR INVESTIGATIONS ANNOUNCED INTO GOOGLE AND FACEBOOK. IN ADDITION, WE HAVE ALSO WORKED WITH STATE OFFICES ON ISSUES RELATED TO AGRICULTURE, LABOR, AND HEALTHCARE. WE ARE INVESTING IN A YEAR-LONG PROJECT TO DEVELOP AN AFFIRMATIVE VISION FOR FAIR COMPETITION POLICY. WE ARE ALSO DEVELOPING A PROJECT ON EXCLUSIVE DEALING, ALONG THE LINES OF OUR WORK ON NON-COMPETES WHICH IS A COMBINATION OF RESEARCH AND ADVOCACY BOTH AT THE FEDERAL AND STATE LEVEL. WE WILL ALSO CONTINUE TO EXPAND ON OUR STATE ATTORNEYS GENERAL WORK BY EXPANDING THE MARKET SECTORS IN WHICH STATE LEVEL ENFORCERS EXAMINE CORPORATE CONCENTRATION. WE PLAN TO DO THIS BY BRINGING THEM POTENTIAL ANTITRUST CASES WHERE THEY CAN ACT AND SHARING OUR FEDERAL WORK TO SPUR ACTION AT THE STATE LEVEL. IN ADDITION, OPEN MARKETS WILL PRODUCE MODEL STATE POLICIES AND REGULATIONS THAT: (1) MAKE ANTITRUST LAWS MORE EFFECTIVE AND OVERRULE STATE-LEVEL PRECEDENTS THAT POSE OBSTACLES TO ENFORCEMENT; AND (2) ADDRESS HARMS CAUSED BY BIG BANKS, HOSPITALS, PHARMACEUTICAL COMPANIES, THE AGRICULTURE INDUSTRY, AND TECH MONOPOLIES. THESE WILL BE PARTICULARLY HELPFUL TO STATE ATTORNEYS GENERAL WITH SMALL STAFFS. 80544 INTERNATIONAL SYSTEMS - OVER THE LAST GENERATION, THE UNITED STATES AND OUR ALLIES ALLOWED SUPER-LARGE CORPORATIONS AND MERCANTILIST NATIONS TO CONCENTRATE POWER AND CONTROL WITHIN THESE SYSTEMS IN WAYS THAT CREATED MANY GRAVE ECONOMIC AND POLITICAL DANGERS. THE COVID-19 PANDEMIC HAS EXPOSED THE FRAGILITY OF SOME OF OUR MOST BASIC SYSTEMS. SHORTAGES OF MASKS, TESTS, VENTILATORS AND OTHER ESSENTIAL ITEMS LEFT FRONTLINE WORKERS AND THE GENERAL POPULATION DANGEROUSLY EXPOSED DURING THE KEY EARLY STAGES OF THE DISEASE. AT A WIDER LEVEL, WE WITNESSED THE NEAR COLLAPSE OF VITAL INTERNATIONAL PRODUCTION, FINANCIAL, AND TRANSPORTATION NETWORKS DUE TO A VICIOUS COMBINATION OF SUPPLY AND DEMAND SHOCKS. THE GOAL OF THIS PROGRAM IS TO DETAIL HOW THE PEOPLE OF THE UNITED STATES AND OTHER NATIONS CAN USE LAW AND POLICY TO ENGINEER INTERNATIONAL INDUSTRIAL, FINANCIAL, AND COMMUNICATIONS SYSTEMS TO ENSURE THEY ARE ROBUST, RESILIENT, AND OPEN. AND FURTHER, THAT THEY ARE STRUCTURED IN WAYS THAT BRING PEOPLE AND COMMUNITIES TOGETHER.AMERICAN ECONOMIC LIBERTIES PROJECT - THE AMERICAN ECONOMIC LIBERTIES PROJECT WORKS TO ENSURE AMERICA'S SYSTEM OF COMMERCE IS STRUCTURED TO ADVANCE ECONOMIC LIBERTY, FAIR COMMERCE, AND A SECURE, INCLUSIVE DEMOCRACY. WE BELIEVE TRUE ECONOMIC LIBERTY MEANS ENTREPRENEURS AND BUSINESSES LARGE AND SMALL SUCCEED ON THE MERITS OF THEIR IDEAS AND HARD WORK; COMMERCE EMPOWERS CONSUMERS, WORKERS, AND COMMUNITIES INSTEAD OF SUBJECTING THEM TO DISCRIMINATION AND ABUSE FROM FINANCIERS AND MONOPOLISTS; FOREIGN TRADE ARRANGEMENTS SUPPORT DOMESTIC SECURITY AND DEMOCRACY; AND WEALTH IS BROADLY DISTRIBUTED TO SUPPORT EQUITABLE POLITICAL POWER. 80544 1711931 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X THE ORGANIZATION 2027011606 1440 G STREET NW WASHINGTON DC 20005 ZEPHYR TEACHOUT DIRECTOR 1.00 X 0 0 0 MARCELLUS ANDREWS DIRECTOR 1.00 X 0 0 0 JOE MAXWELL DIRECTOR 1.00 X 0 0 0 FRANK FOER DIRECTOR 1.00 X 0 0 0 BARRY LYNNN EXECUTIVE DIRECTOR 40.00 X 166931 0 35293 NIDHI HEGDE COO, SINCE JUNE 5, 2019 40.00 X 70833 0 26554 PHILLIP J LONGMAN POLICY DIRECTOR 40.00 X 131000 0 35091 SANDEEP VAHEESAN LEGAL DIRECTOR 40.00 X 133988 0 12963 SARAH M HUBBARD DIRECTOR OF ENFORCEMENT STRATEGY 40.00 X 119750 0 24549 MATTHEW N STROLLER SENIOR FELLOW, UNTIL NOVEMBER 30, 2019 40.00 X 110750 0 12568 SARAH MILLER DEPUTY DIRECTOR 40.00 X 126000 0 3790 859252 0 150808 6 0 1 0 NP CONSULTING INC 1100 G STREET NW SUITE 750 WASHINGTON DC 20005 CONSULTING 223861 BETH GRUPP ASSOCIATES BOX 60185 CAPITOL SUITES WASHINGTON DC 20039 FUNDRAISING CONSULTING 120000 2 5031268 5031268 CONTRACT REVENUE 900099 8750 8750 8750 764 0 764 764 5040782 9514 0 0 X 299663 254715 32962 11986 1157276 817284 242239 97753 28984 20505 6325 2154 119473 82380 27890 9203 116498 87248 22022 7228 54126 6405 45246 2475 33000 33000 131792 131792 374345 174040 177966 22339 59302 28300 27649 3353 90300 32627 46028 11645 202434 172381 18281 11772 53647 35115 5540 12992 931 931 2721771 1711931 685148 324692 895370 1655835 302000 1853672 2102 0 20628 8006 944 0 7062 7111 0 1206583 3537197 62434 74037 62434 74037 X 42380 922547 1101769 2540613 1144149 3463160 1206583 3537197 2319011 0 X 0 1 X 0 0 X 181200 1617534 5031268 6830002 181200 1617534 5031268 6830002 1370449 5459553 143 9514 9657 6839659 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8006 944 7062 7062 X 5040782 0 5040782 0 5040782 2721771 0 2721771 0 2721771 PART X, LINE 2: OMI ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE ASC TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. OMI PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2019, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. X X X X 1 BETH GRUPP ASSOCIATES BOX 60185 CAPITOL SUITES WASHINGTON DC 20039 FUNDRAISING CONSULTING 0 0 120000 -120000 120000 -120000 CA DC NY 0 0 0 0 0 0 0 1 0 BARRY LYNNN EXECUTIVE DIRECTOR 166931 0 0 0 0 0 5010 0 30283 0 202224 0 0 0 PHILLIP J LONGMAN POLICY DIRECTOR 130000 0 1000 0 0 0 3447 0 31644 0 166091 0 0 0 PART I, LINE 7 CERTAIN EMPLOYEES WERE AWARDED PERFORMANCE BONUSES OF $1,000 EACH AT THE END OF YEAR. THE PERFORMANCE BONUSES WERE PAID PURSUANT TO THE ORGANIZATION'S NORMAL COMPENSATION AND APPROVAL POLICIES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS DRAFTED BY ITS INDEPENDENT AUDITORS, REVIEWED AND APROVED BY SENIOR MANAGEMENT, AND THEN FORWARDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AT EACH BOARD MEMBER, AND ARE RECUSED FROM VOTING ON ANY ISSUES FOR WHICH THERE MAY BE AN APPARENT OR REAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR IS DETERMINED BY THE FULL BOARD OF DIRECTORS, USING SALARY SURVEYS AND FORMS 990 FOR COMPARABLY-SIZED AND LOCATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 136,830. MANAGEMENT AND GENERAL EXPENSES 18,920. FUNDRAISING EXPENSES 8,500. TOTAL EXPENSES 164,250. COMMUNICATIONS AND MARKETING: PROGRAM SERVICE EXPENSES 37,210. MANAGEMENT AND GENERAL EXPENSES 159,046. FUNDRAISING EXPENSES 13,839. TOTAL EXPENSES 210,095. OPEN MARKETS ACTION FUND 1440 G STREET NW WASHINGTON DC 20005 825097446 SOCIAL WELFARE DC 501(C)(4) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 OPEN MARKETS ACTION FUND R 40000 ACTUAL AMOUNT REC'D/TRANSFERRED OPEN MARKETS ACTION FUND N 201 TIME AND EFFORT ANALYSIS OPEN MARKETS ACTION FUND Q 21335 ACTUAL AMOUNT PAID OPEN MARKETS ACTION FUND O 473 TIME AND EFFORT ANALYSIS