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← INSTITUTE FOR PROGRESS

Form 990 for tax year 2024

Filed by INSTITUTE FOR PROGRESS.

Totals

Total revenue
$1,075,917
Total expenses
$3,597,698
Contributions and grants received
$949,304
Grants paid
$196,165
Program service revenue
$46,130
Investment income
$79,323
Other revenue
$1,160
Total assets, end of year
$3,943,124
Total liabilities, end of year
$284,256
Net assets or fund balances, end of year
$3,658,868
Program services expenses (Part IX)
$2,868,554
Management and general expenses
$538,935
Fundraising expenses
$190,209
Program service expenses (Part III)
$2,868,554

Program services were 79.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $949,304

  • 2a · Program service revenue: SHARED SERVICES

    total $46,130 · related or exempt $46,130

  • 3 · Investment income

    total $79,323 · excluded $79,323

  • 11d · All other revenue

    total $1,160 · excluded $1,160

  • 11e · Other revenue, total

    $1,160

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $196,165 · program services $196,165

  • 5 · Compensation of officers, directors and key employees

    total $537,727 · program services $430,182 · management and general $80,659 · fundraising $26,886

  • 7 · Other salaries and wages

    total $1,452,719 · program services $1,162,175 · management and general $217,908 · fundraising $72,636

  • 8 · Pension plan contributions

    total $113,542 · program services $90,834 · management and general $17,031 · fundraising $5,677

  • 9 · Other employee benefits

    total $90,868 · program services $72,695 · management and general $13,630 · fundraising $4,543

  • 10 · Payroll taxes

    total $146,682 · program services $117,346 · management and general $22,002 · fundraising $7,334

  • 11b · Fees: legal

    total $4,851 · program services $3,956 · management and general $642 · fundraising $253

  • 11c · Fees: accounting

    total $80,260 · program services $65,448 · management and general $10,619 · fundraising $4,193

  • 11e · Fees: professional fundraising services

    total $600 · fundraising $600

  • 11g · Fees: other

    total $493,848 · program services $368,246 · management and general $90,496 · fundraising $35,106

  • 12 · Advertising and promotion

    total $7,851 · program services $6,281 · management and general $785 · fundraising $785

  • 13 · Office expenses

    total $103,453 · program services $81,319 · management and general $17,000 · fundraising $5,134

  • 16 · Occupancy

    total $133,748 · program services $102,013 · management and general $23,801 · fundraising $7,934

  • 17 · Travel

    total $115,009 · program services $92,007 · management and general $11,501 · fundraising $11,501

  • 19 · Conferences, conventions and meetings

    total $52,477 · program services $41,981 · management and general $5,248 · fundraising $5,248

  • 22 · Depreciation, depletion and amortization

    total $20,142 · management and general $20,142

  • 23 · Insurance

    total $26,736 · program services $21,389 · management and general $4,010 · fundraising $1,337

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $21,012 · program services $16,517 · management and general $3,453 · fundraising $1,042

  • 24e · All other expenses

    total $8 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,206,805 · end of year $102,969

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $2,600,000

  • 4 · Accounts receivable

    beginning of year $5,212,051 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,401 · end of year $25,384

  • 10a · Land, buildings and equipment: cost or other basis

    $17,049

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,649

  • 10c · Land, buildings and equipment, net

    beginning of year $7,916 · end of year $14,400

  • 12 · Investments: other securities

    beginning of year $0 · end of year $779,305

  • 14 · Intangible assets

    beginning of year $0 · end of year $51,365

  • 15 · Other assets

    beginning of year $489,278 · end of year $369,701

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,639 · end of year $99,043

  • 25 · Other liabilities

    beginning of year $375,797 · end of year $185,213

  • 27 · Net assets without donor restrictions

    beginning of year $6,482,015 · end of year $932,492

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $2,726,376

Mission and programs · 2024

Mission

THE INSTITUTE FOR PROGRESS (IFP) IS A NON-PARTISAN THINK TANK FOCUSED ON INNOVATION POLICY. OUR ORGANIZATION WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL AND INDUSTRIAL PROGRESS.

Activities or mission (Part I)

NON-PARTISAN THINK TANK FOCUSED ON INNOVATION POLICY. OUR ORGANIZATION WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL AND INDUSTRIAL PROGRESS.

  • THE INSTITUTE FOR PROGRESS (IFP) WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL, AND INDUSTRIAL PROGRESS. HEADQUARTERED IN WASHINGTON D.C., IFP WORKS WITH POLICYMAKERS ACROSS THE POLITICAL SPECTRUM TO MAKE IT EASIER TO BUILD THE FUTURE IN THE UNITED STATES.

    Expenses $2,868,554 · Grants $196,165 · Revenue $46,130

As filed on the 2024 return.

Listed in Part VII

  • ALEC STAPP

    CO-CEO

    Total calculated
    $266,345
    From this org
    $246,008
    From related orgs
    $0
    Other
    $20,337
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $226,008
    Bonus
    $20,000
    Other
    $0
    Deferred
    $12,302
    Nontaxable benefits
    $8,035
    Filer's total
    $266,345

  • CALEB WATNEY

    CO-CEO

    Total calculated
    $271,382
    From this org
    $240,362
    From related orgs
    $0
    Other
    $31,020
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $220,362
    Bonus
    $20,000
    Other
    $0
    Deferred
    $12,302
    Nontaxable benefits
    $18,718
    Filer's total
    $271,382

  • DANIEL CORRREA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TAMARA WINTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ZACHARY GRAVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AMY NICE

    DISTINGUISHED IMMIGRATION COUNSEL

    Total calculated
    $283,598
    From this org
    $250,000
    From related orgs
    $0
    Other
    $33,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $0
    Other
    $0
    Deferred
    $12,500
    Nontaxable benefits
    $21,098
    Filer's total
    $283,598

  • JEREMY NEUFELD

    SENIOR IMMIGRATION FELLOW

    Total calculated
    $155,621
    From this org
    $141,179
    From related orgs
    $0
    Other
    $14,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,179
    Bonus
    $0
    Other
    $0
    Deferred
    $7,061
    Nontaxable benefits
    $7,381
    Filer's total
    $155,621

  • TIMOTHY FIST

    DIRECTOR OF EMERGING TECHNOLOGY POLICY

    Total calculated
    $147,720
    From this org
    $140,686
    From related orgs
    $0
    Other
    $7,034
    Hours/week
    40

  • SANTIAGO RUIZ

    SENIOR EDITOR

    Total calculated
    $163,435
    From this org
    $138,071
    From related orgs
    $0
    Other
    $25,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,071
    Bonus
    $0
    Other
    $0
    Deferred
    $7,156
    Nontaxable benefits
    $18,208
    Filer's total
    $163,435

  • BRIAN POTTER

    SENIOR INFRASTRUCTURE FELLOW

    Total calculated
    $158,827
    From this org
    $137,151
    From related orgs
    $0
    Other
    $21,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,151
    Bonus
    $0
    Other
    $0
    Deferred
    $7,000
    Nontaxable benefits
    $14,676
    Filer's total
    $158,827

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202523119349304152

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