EIN 82-2529375

Open Markets Institute

IRS 501(c) type
501(c)(3)
Num. employees
24
Year formed
2017
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Open Markets Institute exposes and reverses corporate monopolies, using research and journalism to educate policymakers and promote fair economy.
Total revenues
$3,953,730
2022
Total expenses
$2,942,179
2022
Total assets
$3,088,747
2022
Num. employees
24
2022

Program areas at Open Markets Institute

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.
Competition law and philosophy - Open Markets seeks 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. 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.
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.
International systems - public policies that affect the terms of trade with other nations, including tariffs, have profound effects on the structure of Markets, ranging from unwarranted protection for domestic monopolies to the promotion of transnational trading companies that exploit labor, evade environmental standards, and create dangerously overextended supply channels. At the same time trade policy plays an important role in strengthening or weakening america's geopolitical position in the world, making trade, competition policy, and national security intrinsically linked.

Who funds Open Markets Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,325,500
Open Society FoundationsTo Provide General Support$600,000
John S. and James L. Knight FoundationTo Provide Renewed Support for Nonpartisan Competition Policy Research at the Center for Journalism and Liberty at the Open Markets Institute.$450,000
...and 8 more grants received

Personnel at Open Markets Institute

NameTitleCompensation
Brian CallaciChief Economist$116,781
Barry C LynnExecutive Director$171,922
Phillip J LongmanPolicy Director$168,888
Gina SalernoDirector of Development / Director of Foundation Relations$131,673
Jody BrannonDirector , Center for Journalism and Liberty / Director of Center for Journalism and Liberty$149,629
...and 3 more key personnel

Financials for Open Markets Institute

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,953,730
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,953,730

Form 990s for Open Markets Institute

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-09990View PDF
2020-122021-11-14990View PDF
2019-122021-03-31990View PDF
2018-122019-11-16990View PDF
...and 1 more Form 990
Data update history
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 1 new personnel
October 25, 2023
Received grants
Identified 11 new grant, including a grant for $670,000 from John S. and James L. Knight Foundation
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Social advocacy organizationsSchoolsEducational service providersHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Political advocacyTax deductible donations
General information
Address
655 15th St NW 310
Washington, DC 20005
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
openmarketsinstitute.org/ 
Phone
(202) 701-1606
IRS details
EIN
82-2529375
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Central organization
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