2026-09-04T07:45:13-05:00 2025-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2025-01-01 873213298 PROJECT LIBERTY INSTITUTE PROJ 3323302695 501 WEST 30TH ST 37 FL NEW YORK NY 10001 JOSEPH RILEY TREASURER 3323302695 2026-09-04 1 ELIZABETH W HELLER P00397829 3019519090 2025 FRANK MCCOURT 501 WEST 30TH ST 37 FL NEW YORK NY 10001 11425472 0 X WWW.PROJECTLIBERTY.IO X 2021 DE SEE PART III, LINE 1. 4 4 4 4 0 0 10928013 11425418 0 0 -196 0 15624619 54 26552436 11425472 285000 1950000 0 0 1903720 1321032 0 0 0 3879371 1615356 6068091 4886388 20484345 6539084 7474351 4869327 26205107 19565968 -18730756 -14696641 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 3274944 1570000 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. 924753 380000 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. 4199697 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 0 0 1 0 1 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 0 0 0 1 8 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X TOMICAH TILLEMANN 2024157885 501 WEST 30TH STREET 37TH FLOOR NEW YORK NY 10001 X X FRANK MCCOURT CHAIR 2.00 0.00 X X 0 0 0 MARIA CANCIAN SECRETARY 0.05 0.00 X X 0 0 0 TOMICAH TILLEMANN DIRECTOR, (SEE SCH O) 4.00 0.00 X 0 0 0 ALBERTO BEECK DIRECTOR 0.25 0.00 X 0 0 0 SHEILA WARREN PRESIDENT & CEO, (SEE SCH O) 20.00 0.00 X 0 0 0 KILA ENGLEBROOK OFFICER, (SEE SCH O) 10.00 0.00 X 0 0 0 JOSEPH RILEY TREASURER 1.00 0.00 X 0 0 0 JAMES BELL HEAD OF STRATEGIC INSIGHTS 40.00 0.00 X 360599 0 54965 JESSICA THEODULE RESEARCH MNGR OF STRATEGIC INSIGHTS 40.00 0.00 X 134622 0 33917 SARA WEKSELBLATT FINANCE & HR SENIOR MANAGER 40.00 0.00 X 126295 0 21773 621516 0 110655 3 0 1 0 RSM US LLP 1250 H STREET NW SUITE 700 WASHINGTON DC 20005 FIN., ACCT. & TECH SERVICES 106855 1 11425418 11425418 OTHER REVENUE 900099 54 54 54 11425472 0 0 54 X 1905000 1905000 45000 45000 1145850 1002469 143381 16025 14020 2005 109012 95371 13641 50145 43870 6275 22380 18447 3933 137713 113510 24203 839688 692112 147576 5324 2141 3183 45879 40138 5741 168503 168503 11002 9182 1820 9841 8610 1231 4524 1820 2704 GRANT LIAB. DISCOUNTS 318351 318351 PAYROLL PROCESSING FEES 37652 32941 4711 SUBS & LICENSES 9978 4013 5965 TRAINING 2283 1997 286 2238 553 1685 4886388 4199697 686691 0 430399 312207 88923 129263 35107 34750 10198 357 6944831 4427500 7474351 4869327 379746 189619 21387998 14951349 4437363 4425000 26205107 19565968 X -18730756 -14696641 -18730756 -14696641 7474351 4869327 X 6539084 -2504969 X 0 1 X 1 0 X 5000000 13800000 15054301 10928013 11425418 56207732 5000000 13800000 15054301 10928013 11425418 56207732 51953335 4254397 616 15624619 54 15625289 71833021 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 35107 34750 357 357 DEPOSITS 2500 DUE FROM RELATED ORGANIZATION 4425000 4427500 DUE TO RELATED ORGANIZATION 4425000 4425000 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. 1 EUROPE 0 0 GRANTMAKING 45000 EUROPE 2 0 PROGRAM SERVICES PARTICIPATION IN EUROPEAN POLICY MEETINGS AND CONFERENCES RELATED TO DEMOCRATIC TECHNOLOGY AND GOVERNANCE COLLABORATION. 1822 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES PARTICIPATION IN MEETINGS AND CONFERENCES FOCUSED ON RESPONSIBLE DIGITAL INVESTMENT AND GOVERNANCE IN ASIA. 12406 SOUTH ASIA 0 0 PROGRAM SERVICES DEVELOPMENT OF ROUNDTABLES AND REPORTS ACROSS SOUTH ASIA ON OPPORTUNITIES, BARRIERS AND NEEDS RELATED TO DATA COOPERATIVES AND COMMUNITY DATASETS. 33600 2 0 0 0 2 0 92828 0 92828 EUROPE DEMONSTRATES HOW INVESTING BY PRIVATE AND PUBLIC ACTORS IN A DIGITAL INFRASTRUCTURE THAT PRIORITIZES DATA AGENCY AND UPHOLDS HUMAN RIGHTS BOTH BENEFITS INVESTORS MATERIALLY AND SOCIETY MORE BROADLY. 45000 WIRE 0 1 0 0 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. 1 GLOBAL IMPACT 2300 N ST NW SUITE 501A WASHINGTON DC 20037 521273585 501(C)(3) 1000000 0 SUPPORTS THE ROBUST OPEN ONLINE SAFETY TOOLS TRUST AND SAFETY HUB INITIATIVE. ETH ZURICH FOUNDATION (USA) INC 100 WALL ST 10TH FL NEW YORK NY 10005 843180130 501(C)(3) 200000 0 SUPPORTS RESEARCH ON EVALUATING THE ETHICAL DEVELOPMENT, DESIGN AND DEPLOYMENT OF AI, WITH PARTICULAR EMPHASIS ON ASSESSING THE POTENTIAL FOR AI GOVERNANCE TOOLS TO ENHANCE HUMAN RIGHTS AND INDIVIDUAL AGENCY. BERKELEY EXISTENTIAL RISK INITIATIVE 440 N BARRANCA AVE 2374 COVINA CA 91723 814820272 501(C)(3) 150000 0 SUPPORTS THE GREENEARTH RESEARCH PROJECT TO EVALUATE THE APPEAL AND ECONOMIC VIABILITY OF AN AI-DRIVEN, PROSOCIAL RECOMMENDER BY BUILDING THE REQUIRED INFRASTRUCTURE AND TESTING ITS APPLICATION AMONG ACTIVE USERS AND COMMUNITIES ON AN OPEN SOCIAL MEDIA PLATFORM. MASSACHUSETTS INSTITUTE OF TECHNOLOGY OFFICE OF THE RECORDING SECRETARY 77 MA AVE CAMBRIDGE MA 02139 042103594 501(C)(3) 120000 0 SUPPORTS ADVANCED NETWORK ARCHITECTURE GROUP'S RESEARCH TO DEVELOP A BETTER UNDERSTANDING OF HOW INTERNET APPLICATIONS WITH A STRUCTURE BASED ON DECENTRALIZED CONTROL CAN BE VIABLE IN A MARKET PLACE DOMINATED BY LARGE ACTORS THAT HOLD CENTRALIZED CONTROL OVER THEIR SYSTEM. THE GERMAN MARSHALL FUND OF THE UNITED STATES 1744 R ST NW WASHINGTON DC 20009 520954751 501(C)(3) 100000 0 SUPPORTS A TRANSATLANTIC TECH EXCHANGE WHICH ANALYZES THE SPECIFIC DRIVERS OF DEMOCRATIC VALUES AND COMPETITIVENESS IN AI AND DATA, INCLUDING INFRASTRUCTURE, INVESTMENT, POLICY FRAMEWORKS, AND INNOVATION ECOSYSTEMS. ROCKEFELLER PHILANTHROPY ADVISORS INC 120 BROADWAY SUITE 3475 NEW YORK NY 10271 133615533 501(C)(3) 75000 0 SUPPORTS THE INITIATIVE FOR DIGITAL PUBLIC INTERESTS PROJECT LIBERTY INSTITUTE GLOBAL FELLOWS PROGRAM TO STRENGTHEN DIGITAL PUBLIC INFRASTRUCTURE. CONSUMER REPORTS INC 101 TRUMAN AVE YONKERS NY 10703 131776434 501(C)(3) 50000 0 SUPPORTS THE MAPPING, CREATION AND ADOPTION OF STANDARDS AND PROTOCOLS NECESSARY TO FOSTER AGENTIC AI SYSTEMS THAT ARE BENEFICIAL AND LOYAL TO CONSUMERS BY DESIGN. IDI 3883 HOWARD HUGHES PARKWAY LAS VEGAS NV 89169 921532026 501(C)(3) 50000 0 SUPPORTS THE DEVELOPMENT OF A USER-FRIENDLY, OPEN-SOURCE DATA INTEGRITY & GOVERNANCE TOOLKIT. TECHFREEDOM 1500 K STREET FL 2 WASHINGTON DC 20005 273567814 501(C)(3) 50000 0 SUPPORTS THE EXPLORATION OF LEGAL AND POLICY FRAMEWORKS FOR USER DATA CONTROL AND DECENTRALIZED AGENTIC AI AS FUNDAMENTAL FREE EXPRESSION INFRASTRUCTURE. UNIVERSITY OF COLORADO FOUNDATION 1800 N GRANT ST SUITE 725 DENVER CO 80203 846049811 501(C)(3) 50000 0 SUPPORTS THE ADVANCEMENT OF DISPUTE PROTOCOLS TO ENABLE CRITICAL CONVERSATIONS AND INNOVATIVE PRACTICES IN ONLINE COMMUNITIES. EXCHANGE POINT INSTITUTE 116 E SPENCER AVE SAINT FRANCIS KS 67756 871028685 501(C)(3) 30000 0 ADVANCES THE DEVELOPMENT OF INTEROPERABLE STANDARDS THAT MAKE POSSIBLE A DEMOCRATIZED AI-DATA ECONOMY, BUILT ON OPEN PROTOCOLS, OPEN LLMS, CITIZENS DATA SOVEREIGNTY AND PARTICIPATORY GOVERNANCE. NEW AMERICA FOUNDATION 740 15TH ST NW SUITE 900 WASHINGTON DC 20005 522096845 501(C)(3) 30000 0 SUPPORTS THE DEVELOPMENT OF AN AI GOVERNANCE AGENDA THAT PRIORITIZES THE PUBLIC INTEREST AND HUMAN FLOURISHING. 12 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. X 0 0 0 0 0 0 0 1 0 JAMES BELL HEAD OF STRATEGIC INSIGHTS 288099 0 72500 0 0 0 10500 0 44465 0 415564 0 0 0 JESSICA THEODULE RESEARCH MNGR OF STRATEGIC INSIGHTS 112122 0 22500 0 0 0 4152 0 29765 0 168539 0 0 0 PART I, LINE 7 ALL BONUSES ARE MERIT BASED. SEE PART II FOR BONUSES. FORM 990, PART VI, SECTION A, LINE 2 TOMICAH TILLEMANN, KILA ENGLEBROOK, SHEILA WARREN AND JOSEPH RILEY HAVE BUSINESS RELATIONSHIPS WITH FRANK MCCOURT. 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 2025. 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 VII, SECTION A: DURING 2025, TOMICAH TILLEMANN, SHEILA WARREN AND KILA ENGLEBROOK RECEIVED COMPENSATION FROM PROJECT LIBERTY LLC, WHICH IS AFFILIATED WITH BUT NOT RELATED TO PROJECT LIBERTY INSTITUTE. FORM 990, PART IX, LINE 11G RESEARCH & ANALYSIS: PROGRAM SERVICE EXPENSES 177,820. MANAGEMENT AND GENERAL EXPENSES 37,916. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,736. CONSULTING FEES - SOFTWARE: PROGRAM SERVICE EXPENSES 11,712. MANAGEMENT AND GENERAL EXPENSES 2,497. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,209. STRATEGIC PARTNERSHIPS: PROGRAM SERVICE EXPENSES 205,420. MANAGEMENT AND GENERAL EXPENSES 43,801. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 249,221. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 297,160. MANAGEMENT AND GENERAL EXPENSES 63,362. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 360,522. FORM 990, PART XI, LINE 9: TRANSFER OF UK CO NET DEFICIT -2,504,969. 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 873213298 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 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0