TIN:
SCHEDULE A
(Form 990)
Department of the Treasury
Internal Revenue Service
(Form 990)
Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. Go to
www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Inspection
Name of the organization
THE RONALD COASE INSTITUTE
Employer identification number
43-1885542
43-1885542
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
A church, convention of churches, or association of churches described in
section 170(b)(1)(A)(i).
2
A school described in
section 170(b)(1)(A)(ii).
(Attach Schedule E (Form 990).)
3
A hospital or a cooperative hospital service organization described in
section 170(b)(1)(A)(iii).
4
A medical research organization operated in conjunction with a hospital described in
section 170(b)(1)(A)(iii).
Enter the hospital's name, city, and state:
5
An organization operated for the benefit of a college or university owned or operated by a
governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)
6
A federal, state, or local government or governmental unit described in
section 170(b)(1)(A)(v).
7
An organization that normally receives a substantial part of its support from a governmental unit or
from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)
8
A community trust described in
section 170(b)(1)(A)(vi). (Complete Part II.)
9
An agricultural research organization described in
170(b)(1)(A)(ix)
operated in conjunction with a land-grant college or university or a non-land grant college of
agriculture. See instructions. Enter the name, city, and state of the college
or university:
10
An organization that normally receives: (1) more than 33
1/3% of its support from contributions, membership fees, and gross receipts from
activities related to its exempt functions—subject to certain exceptions, and (2) no more
than 33 1/3% of its support from gross investment
income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See
section 509(a)(2). (Complete Part III.)
11
12
An organization organized and operated exclusively for the benefit of, to perform the functions
of, or to carry out the purposes of one or more publicly supported organizations described in
section 509(a)(1) or section 509(a)(2). See
section 509(a)(3).
Check the box on lines 12a through 12d that describes the type of supporting
organization and complete lines 12e, 12f, and 12g.
a
Type I. A supporting organization operated, supervised, or controlled by its supported
organization(s), typically by giving the supported organization(s) the power to regularly appoint or
elect a majority of the directors or trustees of the supporting organization. You must complete
Part IV, Sections A and B.
b
Type II. A supporting organization supervised or controlled in connection with its supported
organization(s), by having control or management of the supporting organization vested in the same
persons that control or manage the supported organization(s). You must complete Part IV, Sections
A and C.
c
Type III functionally integrated. A supporting organization
operated in connection with, and functionally integrated with, its
supported organization(s) (see instructions). You must complete
Part IV, Sections A, D, and E.
d
Type III non-functionally integrated. A supporting organization operated in connection with
its supported organization(s) that is not functionally integrated. The organization generally must
satisfy a distribution requirement and an attentiveness requirement (see instructions). You must
complete Part IV, Sections A and D, and Part V.
e
Check this box if the organization received a written determination from the IRS that it is a Type I,
Type II, Type III functionally integrated, or Type III non-functionally integrated supporting
organization.
f
Enter the number of supported organizations
...............................
g
Provide the following information about the supported organization(s).
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
||||||
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2023
Schedule A (Form 990) 2023
Page 2
Part II
Support Schedule for Organizations Described in
Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
| Calendar year
(or fiscal year beginning in)
|
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
| Calendar year
(or fiscal year beginning in)
|
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
12
12
13
First 5 years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section
501(c)(3) organization, check this box and stop here
........................................
Section C. Computation of Public Support
Percentage
14
14
15
15
16a
33 1/3% support test—2023.
If the organization did not check the box on line 13, and line 14 is 33
1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................
and stop here. The organization qualifies as a publicly supported organization .......................
b
33 1/3% support test—2022.
If the organization did not check a box on line 13 or 16a, and line 15 is 33
1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization .....................
box and stop here. The organization qualifies as a publicly supported organization .....................
17a
10%-facts-and-circumstances test—2023.
If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this
box and stop here. Explain in Part VI how the organization meets the
"facts-and-circumstances" test.
The organization qualifies as a publicly supported organization
............
b
10%-facts-and-circumstances test—2022.
If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or
more, and if the organization meets the "facts-and-circumstances" test, check this box and
stop here. Explain in Part VI how the organization meets the
"facts-and-circumstances" test.
The organization qualifies as a publicly supported organization
............
18
Private foundation.
If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and
see
instructions .....................................................
instructions .....................................................
Schedule A (Form 990) 2023
Schedule A (Form 990) 2023
Page 3
Part III
Support Schedule for Organizations Described in
Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
| Calendar year (or fiscal
year beginning in) |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 51,052 | 42,176 | 53,953 | 37,542 | 61,219 | 245,942 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 37,456 | 2,400 | 2,400 | 0 | 42,256 | |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 88,508 | 42,176 | 56,353 | 39,942 | 61,219 | 288,198 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 30,001 | 26,000 | 27,000 | 25,000 | 50,000 | 158,001 |
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 18,983 | 18,983 | ||||
| c | Add lines 7a and 7b.. | 48,984 | 26,000 | 27,000 | 25,000 | 50,000 | 176,984 |
| 8 | Public support. (Subtract line 7c from line 6.) | 111,214 | |||||
| Calendar year
(or fiscal year beginning in)
|
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 88,508 | 42,176 | 56,353 | 39,942 | 61,219 | 288,198 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 12,064 | 10,053 | 7,477 | 5,109 | 24,501 | 59,204 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 12,064 | 10,053 | 7,477 | 5,109 | 24,501 | 59,204 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 100,572 | 52,229 | 63,830 | 45,051 | 85,720 | 347,402 |
14
First 5 years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section
501(c)(3) organization, check this box and stop here.................................................
Section C. Computation of Public
Support Percentage
15
15
32.010 %
16
16
38.620 %
Section D. Computation of
Investment Income Percentage
17
17
17.040 %
18
18
11.210 %
19a
33 1/3% support
tests-2023.
If the organization did not check the box on line 14, and line 15 is more than 33
1/3%, and line 17 is not more
than 33 1/3%, check this box and stop here.
The organization qualifies as a publicly supported organization
.......
b
33
1/3
% support tests—2022.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33
1/3% and line 18 is not more than 33
1/3%, check this box and stop here. The organization qualifies
as a publicly supported organization
.....
20
Private foundation.
If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions
....
Schedule A (Form 990) 2023
Schedule A (Form 990) 2023
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete
Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of
Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and
complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was
described in section 509(a)(1) or (2).
2
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)?
If "Yes," answer lines 3b and 3c below.
3a
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the
public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the
determination.
3b
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes?
If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
4a
Was any supported organization not organized in the United States ("foreign supported organization")?
If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported
organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or
supervised by or in connection with its supported organizations.
4b
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections
501(c)(3) and 509(a)(1) or (2)?
If “Yes,” explain in Part VI what controls the organization used to ensure that all support to
the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
5a
Did the organization add, substitute, or remove any supported organizations during the tax year?
If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers
of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the
organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by
amendment to the organizing document).
5a
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the
organization's organizing document?
5b
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other
than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its
supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing
organization’s supported organizations?
If “Yes,” provide detail in Part VI.
6
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor
(defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity
with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7?
If “Yes,” complete Part I of Schedule L (Form 990).
8
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified
persons, as defined in section 4946 (other than foundation managers and organizations described in section
509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which
the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit
from, assets in which the supporting organization also had an interest?
If “Yes,” provide detail in Part VI.
9c
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain
Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)?
If “Yes,” answer line 10b below.
10a
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine
whether the organization had excess business holdings).
10b
Schedule A (Form 990) 2023
Schedule A (Form 990) 2023
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b
and 11c below, the governing body of a supported organization?
11a
b
A family member of a person described on 11a above?
11b
c
A 35% controlled entity of a person described on line 11a or 11b above?
If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or
elect at least a majority of the organization’s directors or trustees at all times during the tax year?
If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the
organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint
and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any,
applied to such powers during the tax year.
1
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that
operated, supervised, or controlled the supporting organization?
If “Yes,” explain in Part VI how providing such benefit
carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting
organization.
2
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of
each of the organization’s supported organization(s)?
If “No,” describe in Part VI how control or management of the
supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s
tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the
Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing
documents in effect on the date of notification, to the extent not previously provided?
1
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s)
or (ii) serving on the governing body of a supported organization?
If "No," explain in Part VI how the organization
maintained a close and continuous working relationship with the supported organization(s).
2
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the
organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year?
If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year
(see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported
organization(s) to which the organization was responsive?
If "Yes," then in Part VI identify those supported
organizations and explain how these activities directly furthered their exempt purposes, how the organization was
responsive to those supported organizations, and how the organization determined that these activities constituted
substantially all of its activities.
2a
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s
involvement, one or more of the organization’s supported organization(s) would have been engaged in?
If "Yes," explain in Part VI the reasons for the
organization’s position that its supported organization(s) would have engaged in these activities but for the
organization’s involvement.
2b
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of
the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its
supported organizations?
If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
Schedule A (Form 990) 2023
Schedule A (Form 990) 2023
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Check here if the organization satisfied the Integral Part Test as a qualifying trust
on Nov. 20, 1970 (explain in Part VI). See instructions. All
other Type III non-functionally integrated supporting organizations must complete
Sections A through E.
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
7
Check here if the current year is the organization's first as a non-functionally-integrated Type
III supporting organization (see instructions)
Schedule A (Form 990) 2023
Schedule A (Form 990) 2023
Page 7
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2024. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
Schedule A (Form 990) (2023)
Schedule A (Form 990) 2023
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line
17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a,
11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines
2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e;
Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part
for any additional information. (See instructions).
| Facts And Circumstances Test |
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| PART III LINE 19 | FORM 990 SCHEDULE A PART VI SUPPLEMENTAL INFORMATION STATEMENT OF FACTS AND CIRCUMSTANCES SUPPORTING THE RONALD COASE INSTITUTE'S 2023 STATUS AS A PUBLICLY SUPPORTED CHARITY SCHEDULE A PART III LINE 19 ACTIVITIES TO ACCOMPLISH EXEMPT PURPOSES. THE RONALD COASE INSTITUTE WAS FOUNDED IN 2000 BY RONALD COASE, NOBEL LAUREATE IN ECONOMICS, AND A GROUP OF LIKE-MINDED SCHOLARS. ITS GOAL IS TO PROMOTE RESEARCH ON THE RULES, LAWS, NORMS, AND CUSTOMS THAT GOVERN REAL ECONOMIES, SO THAT PROBLEMS CAN BE IDENTIFIED AND OVERCOME. THE WORKSHOPS, MENTORING, CONFERENCES, GRANTS, AND NETWORK OF THE RONALD COASE INSTITUTE HELP UNIVERSITY STUDENTS, POST-DOCTORAL SOCIAL SCIENTISTS, YOUNG PROFESSORS AND OTHER YOUNG SCHOLARS, MOSTLY FROM DEVELOPING AND TRANSITIONAL ECONOMIES, TO STUDY IMPORTANT ECONOMIC PROBLEMS IN THEIR OWN COUNTRIES, AND SEEK PRACTICAL SOLUTIONS TO INCREASE PEOPLE'S OPPORTUNITIES TO IMPROVE THEIR OWN LIVES. THROUGH OUR WORKSHOPS AND MENTORING, ESTABLISHED SCHOLARS BUILD THE CAPACITY OF YOUNG RESEARCHERS TO USE THE TOOLS OF INSTITUTIONAL ECONOMICS TO 1) FORMULATE SIGNIFICANT RESEARCH QUESTIONS, 2) DESIGN AND IMPLEMENT EMPIRICAL RESEARCH, 3) COMMUNICATE THEIR RESULTS PERSUASIVELY TO SCHOLARS, POLICY MAKERS, AND THE PUBLIC, AND 4) DISSEMINATE THEIR FINDINGS WIDELY. OUR WORKSHOPS, CONFERENCES, AND OTHER ACTIVITIES HELP CREATE A COLLABORATIVE NETWORK OF OUTSTANDING SCHOLARS WHO STUDY SOCIETIES' PRESSING PROBLEMS, PUBLISH EXCELLENT SCHOLARLY RESEARCH, AND WORK AS TEACHERS, ADVISORS, AND OPINION LEADERS TO INFLUENCE THEIR COUNTRIES' FUTURE. THE COASE INSTITUTE SUPPORTS TRANSFORMATIVE RESEARCH BY FUNDING AND GUIDING SIGNIFICANT RESEARCH PROJECTS AND BY ORGANIZING RESEARCH CONFERENCES, SEMINARS, AND MEETINGS TO ANALYZE INSTITUTIONAL ISSUES AND DISSEMINATE AND CRITIQUE RESEARCH FINDINGS. INFORMATION ON INSTITUTIONAL ECONOMICS, THE WORK OF RONALD COASE, AND THE PARTICIPANTS AND ACTIVITIES OF THE INSTITUTE ARE FREELY PROVIDED ON THE INSTITUTE'S WEBSITE. DURING THE COVID PANDEMIC THE INSTITUTE ALSO HOSTED ONLINE WEBINARS TO DISCUSS CURRENT RESEARCH. THESE VIDEOS ARE ALSO AVAILABLE THROUGH OUR WEBSITE. PERCENTAGE OF FINANCIAL SUPPORT FROM THE PUBLIC THE AVERAGE FINANCIAL SUPPORT RECEIVED BY THE RONALD COASE INSTITUTE FROM THE PUBLIC (SCHEDULE A, PART III, SECTION C LINE 15) FOR THE PERIOD 2023 WAS 32.01%. IN 2022 IT WAS 38.62%. SOURCES OF SUPPORT THE RONALD COASE INSTITUTE RECEIVES FINANCIAL SUPPORT FROM PUBLIC/GOVERNMENTAL SOURCES AS WELL AS INDIVIDUALS AND PRIVATE FOUNDATIONS WITH AN INTEREST IN EDUCATING SOCIAL SCIENTISTS TO STUDY AND OVERCOME INSTITUTIONAL PROBLEMS IN THEIR OWN COUNTRIES AND IN EXPANDING RESEARCH ON CRITICAL INSTITUTIONAL BARRIERS TO PROGRESS AND INNOVATION. ALUMNI OF THE INSTITUTE ALSO REGULARLY CONTRIBUTE FINANCIALLY. SINCE OVER 80% OF COASE ALUMNI ARE FROM DEVELOPING AND TRANSITIONAL COUNTRIES AND MOST WORK AS ACADEMICS, THEIR CONTRIBUTIONS ARE NECESSARILY SMALL. WE CHARGE TUITION FOR OUR WORKSHOPS BUT WAIVE TUITION IN CASES OF HARDSHIP. UNIVERSITIES AND OTHER PUBLICLY SUPPORTED EDUCATIONAL ORGANIZATIONS COOPERATE IN THE INSTITUTE'S ACTIVITIES, PROVIDING SUPPORT BY PAYING FOR PARTICIPANTS' MEALS, ACCOMMODATIONS, TRANSPORT, AND THE LIKE. SOME PROVIDE FUNDS FOR THE INSTITUTE TO BRING ITS ALUMNI AS VISITING FACULTY AND SCHOLARS. NOTE: THE COASE INSTITUTE ALSO RECEIVES A LARGE AMOUNT OF OTHER SUPPORT FROM OUTSTANDING SCHOLARS AND EXPERTS WHO VOLUNTEER THEIR SERVICES AS OFFICERS AND DIRECTORS, AS FACULTY IN OUR WORKSHOPS, AND AS CONTRIBUTORS TO OUR OTHER ACTIVITIES. A TOTAL OF 133 INDIVIDUALS (INCLUDING 34 ALUMNI OF EARLIER WORKSHOPS) HAVE CONTRIBUTED THEIR TIME AND SERVICES TO WORK WITHOUT COMPENSATION AS CORE FACULTY AND LECTURERS FOR THE INSTITUTE WORKSHOPS. THESE INDIVIDUALS ARE PROFESSORS OR EXPERT PRACTITIONERS IN THE FIELDS OF ECONOMICS, LAW, POLITICAL SCIENCE, AND RELATED DISCIPLINES. MOST ARE WIDELY PUBLISHED AND RECOGNIZED AUTHORITIES IN THE FIELD OF NEW INSTITUTIONAL ECONOMICS. SIX ARE NOBEL LAUREATES IN ECONOMICS. IN ADDITION, THE INSTITUTE RECEIVES EXPERT LEGAL ADVICE PRO BONO. FUNDRAISING PROGRAM AND CHANGES TO INCREASE RESILIENCY AND EXPAND FUNDRAISING. WE CONDUCT AN ANNUAL CAMPAIGN TO SOLICIT FUNDS FROM OUR NETWORK OF DONORS, ALUMNI, AND FACULTY. WE REGULARLY SUBMIT GRANT APPLICATIONS TO FOUNDATIONS AND FUNDING AGENCIES. A MAJOR ACTIVITY AND SOURCE OF FUNDING FOR THE INSTITUTE HAVE BEEN OUR IN-PERSON WORKSHOPS, WHICH ARE WIDELY RECOGNIZED AS AN EXCEPTIONALLY VALUABLE EXPERIENCE. HOWEVER, MAJOR ADVERSE CHANGES IN GLOBAL CIRCUMSTANCES HAVE RAISED THE COSTS AND UNCERTAINTY OF INTERNATIONAL WORKSHOPS AND MADE IT HARDER TO HOLD WORKSHOPS IN OR RECRUIT PARTICIPANTS FROM SOME COUNTRIES THAT WERE IMPORTANT FOR THESE IN THE PAST (E.G., CHINA AND RUSSIA). THE COVID PANDEMIC AND GLOBAL DIFFICULTIES ALSO REDUCED FACULTY AND PARTICIPANT WILLINGNESS TO TRAVEL AND TO PARTICIPATE IN IN-PERSON WORKSHOPS. THIS HAD AN ADVERSE EFFECT ON OUR FUNDING SINCE THE WORKSHOPS ARE AN IMPORTANT SOURCE OF UNIVERSITY SUPPORT, ALUMNI SUPPORT, AND TUITION. IN RESPONSE, IN 2023 WE INAUGURATED CHANGES TO RESPOND TO THESE CHALLENGES. WE ALSO CONTINUED OUR PROGRAMS TO SUPPORT COASE RESEARCHERS REMOTELY TO FILL GAPS IN OUR UNDERSTANDING OF PRESSING INSTITUTIONAL ISSUES. AND WE LAUNCHED NEW PROGRAMS AND CHANGED EXISTING ACTIVITIES TO BOLSTER OUR FUNDRAISING EFFORTS. TO BROADEN OUR NETWORK OF DONORS AND INCREASE OUR APPEAL AND VISIBILITY, WE HAVE: 1. INAUGURATED AN ANNUAL CONFERENCE TO EXPAND OUR SUPPORT TO OUR ALUMNI AND INCREASE ALUMNI DONATIONS. THE COASE INSTITUTE NOW HAS ALMOST 700 ALUMNI. IN 2023, 24 SCHOLARS PARTICIPATED IN OUR FIRST ALUMNI CONFERENCE WITH ALUMNI PRESENTATIONS, DISCUSSION, AND FEEDBACK. THERE WERE ALSO PRESENTATIONS AND DISCUSSIONS BY SENIOR SCHOLARS. WE ALSO ORGANIZED OUR ANNUAL ALUMNI PANEL AT THE 2023 MEETING OF THE SOCIETY FOR INSTITUTIONAL AND ORGANIZATIONAL ECONOMICS AND AWARDED OUR ANNUAL OUTSTANDING ALUMNI ACHIEVEMENT AWARD THERE. THESE ACTIVITIES ASSIST OUR FUNDRAISING BY RAISING AND MAINTAINING CLOSE RELATIONS WITH OUR ALUMNI AND FACULTY VOLUNTEERS. 2. INAUGURATED A COMPETITIVE RESEARCH GRANT PROGRAM TO ASSIST YOUNG SCHOLARS TO ADDRESS KEY QUESTIONS IN INSTITUTIONAL ECONOMICS, INCLUDING THOSE RELATING TO PUBLIC POLICY AND DEVELOPMENT CHALLENGES IN THEIR OWN COUNTRIES. THIS ACTIVITY WILL SUPPORT FUNDRAISING FROM INDIVIDUAL DONORS, FOUNDATIONS, AND GOVERNMENT AGENCIES THAT ARE SIMILARLY FOCUSED ON AREAS OF CONCERN SUCH AS ENVIRONMENTAL ISSUES. THIS PROGRAM WILL ENCOURAGE WORK ON UNDER-RESEARCHED SUBJECTS OF MAJOR INTEREST TO INSTITUTIONAL ECONOMISTS, NGOS, AND POLICY MAKERS. IT WILL IDENTIFY AND ASSIST HIGH-QUALITY RESEARCHERS FROM AROUND THE WORLD WHO MIGHT OTHERWISE HAVE DIFFICULTY OBTAINING FUNDING. IN 2023 WE FORMED AN ADVISORY GROUP OF COASE ALUMNI AND FACULTY TO SUGGEST RESEARCH THEMES AND RECRUIT PROMISING YOUNG RESEARCHERS. OUR FIRST GRANTS (SCHEDULED FOR 2024) WILL FUND RESEARCH ON INSTITUTIONAL BARRIERS TO ADAPTATION TO CLIMATE CHANGES IN DEVELOPING COUNTRIES. 3. ACTIVELY RECRUITED AUTHORS FOR THE RONALD COASE INSTITUTE/CAMBRIDGE UNIVERSITY PRESS BOOK SERIES. THIS ACTIVITY WILL SUPPORT OUR FUNDRAISING BY RAISING THE VISIBILITY AND CREDIBILITY OF THE COASE INSTITUTE AMONG READERS AND AUTHORS AND ASSOCIATING THE INSTITUTE WITH A RENOWNED PUBLISHER. VOLUMES IN THE SERIES WILL INFORM STUDENTS, POLICY MAKERS, EXPERTS, AND OTHER INTERESTED READERS ABOUT INSIGHTFUL AND INNOVATIVE IDEAS EMERGING FROM RECENT RESEARCH IN NEW INSTITUTIONAL ECONOMICS. WE HAVE CREATED AN ADVISORY GROUP TO HELP RECRUIT NEW AUTHORS AND REVIEW BOOK PROPOSALS. THREE INAUGURAL VOLUMES ARE IN PREPARATION DEALING WITH PROPERTY RIGHTS AND ECONOMIC DEVELOPMENT. 4. REDESIGNED OUR IN-PERSON WORKSHOP FORMAT TO ADDRESS GLOBAL CHALLENGES, INCLUDING SHORTENING THE DURATION AND REDUCING THE SIZE, PROVIDING MORE FUNDING TO PARTICIPANTS TO ADDRESS RISING TRAVEL COSTS, AND ENLISTING OUR NETWORK TO ENCOURAGE APPLICATIONS. THIS ACTIVITY WILL ASSIST OUR FUTURE FUNDRAISING BY INCREASING SUPPORT FROM PARTNER UNIVERSITIES, INCREASING TUITION, AND INCREASING THE NUMBER OF ALUMNI. GOVERNING BODY ALL THE MEMBERS OF THE RONALD COASE INSTITUTE'S BOARD OF DIRECTORS HAVE SPECIALIZED KNOWLEDGE OF ITS FIELD OF ACTIVITIES, SPECIFICALLY, NEW INSTITUTIONAL ECONOMICS. OUR DIRECTORS ARE NOBEL LAUREATES IN ECONOMICS, PROFESSORS, AND EMERITUS PROFESSORS OF ECONOMICS AT LEADING US AND EUROPEAN UNIVERSITIES, AND ACTIVE AND RETIRED LEAD RESEARCHERS AT THE INTER-AMERICAN DEVELOPMENT BANK AND THE RESEARCH DEPARTMENT OF THE WORLD BANK. ALL NINE DIRECTORS ARE WELL-KNOWN EXPERTS AND WIDELY PUBLISHED AUTHORS IN THE FIELD OF NEW INSTITUTIONAL ECONOMICS. PUBLIC SERVICES THE WORKSHOPS, MENTORING, RESEARCH SUPPORT, AND PUBLICATIONS OF THE INSTITUTE PROMOTE TRANSFORMATIVE IDEAS BY HELPING OUR ALUMNI BECOME EFFECTIVE TEACHERS, RESEARCHERS, AND OPINION LEADERS, AND BY SUPPORTING SCHOLARLY PUBLICATIONS ABOUT INNOVATIVE NEW |
| PART III LINE 19 | DISCOVERIES IN THE FIELD OF NEW INSTITUTIONAL ECONOMICS. AS OF DECEMBER 31, 2023, THE INSTITUTE HAS HELD 31 WORKSHOPS AROUND THE WORLD, BENEFITING A TOTAL OF 699 PARTICIPANTS FROM 77 COUNTRIES. OF THESE, 82% ARE FROM DEVELOPING COUNTRIES. THE INSTITUTE HAS ALSO ORGANIZED 25 RESEARCH CONFERENCES, MEETINGS, AND PANELS FOR ALUMNI, DISSEMINATING NEW RESEARCH AND INFORMING THE TERMS OF DEBATE. IT HAS ASSISTED ITS GROWING NETWORK OF ALUMNI THROUGH MENTORING AND ADVICE, REGULAR POSTINGS ABOUT THEIR ACTIVITIES ON ITS WEBSITE, INVITATIONS TO SCHOLARLY CONFERENCES ORGANIZED BY THE INSTITUTE OR OTHERS TO SHOWCASE THEIR RESEARCH, AND SOCIAL EVENTS. SOME EXCEPTIONAL ALUMNI HAVE BEEN SUPPORTED THROUGH SMALL RESEARCH GRANTS AND SPONSORSHIPS TO BE VISITING FELLOWS AT THE UNIVERSITY OF CHICAGO, GEORGE MASON UNIVERSITY, AND WASHINGTON UNIVERSITY IN ST. LOUIS. THE INSTITUTE'S WEBINARS FEATURE OUTSTANDING SCHOLARS DISCUSSING THEIR RESEARCH AND ANSWERING QUESTIONS FROM THE AUDIENCE. THE INSTITUTE POSTS INFORMATION ABOUT ITS ACTIVITIES ON ITS WEBSITE. THESE INCLUDE ANNOUNCEMENTS OF COMPETITIONS FOR UPCOMING WORKSHOPS PLUS COMPLETE PAST WORKSHOP PROGRAMS, LISTS OF THE PARTICIPANTS AND FACULTY AND PARTICIPANTS' RESEARCH ABSTRACTS; VIDEOS OF WEBINARS; ALUMNI NEWS AND PROFESSIONAL PROFILES; INFORMATION ABOUT JOBS, CONFERENCES, AND PUBLICATIONS IN NEW INSTITUTIONAL ECONOMICS; AND WORKING PAPERS BY THE INSTITUTE'S OFFICERS, ALUMNI, FACULTY, AND FELLOWS. THE WEBSITE ALSO PROVIDES INFORMATION ABOUT RONALD COASE, NOBEL PRIZE WINNER AND A FOUNDER OF THE FIELD OF NEW INSTITUTIONAL ECONOMICS, INCLUDING A COMPLETE LIST OF HIS PUBLICATIONS AND ONLINE MATERIALS. THE WEBSITE OFFERS A GLOSSARY IN MULTIPLE LANGUAGES AND READING LISTS ON NEW INSTITUTIONAL ECONOMICS. ALL THESE ARE FREELY AVAILABLE TO MEMBERS OF THE PUBLIC. THE INSTITUTE ALSO MAINTAINS A FACEBOOK PAGE WITH LINKS TO EVENTS AND INFORMATION SUCH AS JOB OPENINGS, USEFUL TO OUR NETWORK AND TO SCHOLARS OF NEW INSTITUTIONAL ECONOMICS |
Schedule A (Form 990) 2023
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