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← PUBLIC ASSETS INSTITUTE INC

Form 990 for tax year 2022

Filed by PUBLIC ASSETS INSTITUTE INC.

Totals

Total revenue
$555,832
Total expenses
$582,610
Contributions and grants received
$552,299
Grants paid
$10,000
Program service revenue
$0
Investment income
$3,283
Other revenue
$250
Total assets, end of year
$490,161
Total liabilities, end of year
$31,482
Net assets or fund balances, end of year
$458,679
Program services expenses (Part IX)
$453,480
Management and general expenses
$82,034
Fundraising expenses
$47,096
Program service expenses (Part III)
$453,480

Program services were 77.8% 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

    $552,299

  • 3 · Investment income

    total $3,283 · excluded $3,283

  • 11a · Other revenue: OTHER

    total $250 · excluded $250

  • 11e · Other revenue, total

    $250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $103,344 · program services $57,755 · management and general $27,170 · fundraising $18,419

  • 7 · Other salaries and wages

    total $291,379 · program services $250,885 · management and general $19,422 · fundraising $21,072

  • 10 · Payroll taxes

    total $32,974 · program services $25,273 · management and general $4,552 · fundraising $3,149

  • 11c · Fees: accounting

    total $5,804 · management and general $5,804

  • 11g · Fees: other

    total $90,227 · program services $76,725 · management and general $13,502

  • 13 · Office expenses

    total $545 · management and general $106 · fundraising $439

  • 14 · Information technology

    total $7,690 · program services $6,103 · management and general $750 · fundraising $837

  • 16 · Occupancy

    total $9,242 · program services $2,860 · management and general $5,769 · fundraising $613

  • 17 · Travel

    total $11,460 · program services $11,202 · management and general $148 · fundraising $110

  • 19 · Conferences, conventions and meetings

    total $7,281 · program services $7,281

  • 23 · Insurance

    total $3,220 · management and general $3,220

  • 24a · Other expenses: STAFF DEVELOPMENT

    total $2,325 · program services $2,325

  • 24b · Other expenses: PRINTING AND PUBLICATIONS

    total $2,610 · program services $865 · fundraising $1,745

  • 24c · Other expenses: DUES

    total $1,286 · program services $394 · management and general $602 · fundraising $290

  • 24e · All other expenses

    total $3,223 · program services $1,812 · management and general $989 · fundraising $422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,985 · end of year $7,906

  • 2 · Savings and temporary cash investments

    beginning of year $447,668 · end of year $438,246

  • 3 · Pledges and grants receivable

    beginning of year $72,000 · end of year $42,000

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

    $2,421

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

    $2,421

  • 15 · Other assets

    beginning of year $1,508 · end of year $2,009

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,485 · end of year $18,140

  • 25 · Other liabilities

    beginning of year $26,219 · end of year $13,342

  • 27 · Net assets without donor restrictions

    beginning of year $413,457 · end of year $416,679

  • 28 · Net assets with donor restrictions

    beginning of year $72,000 · end of year $42,000

Mission and programs · 2022

Mission

PUBLIC ASSETS INSTITUTE IMPROVES THE WELLBEING OF ALL VERMONTERS AND ADVANCES RACIAL, SOCIAL, AND ECONOMIC JUSTICE THROUGH RESEARCH, FISCAL ANALYSIS, PUBLIC ENGAGEMENT AND EMPOWERMENT, AND BY DEVELOPING AND PROMOTING POLICIES THAT STATE GOVERNMENT CAN ENACT.

  • CONDUCT, PRODUCE, AND DISSEMINATE CREDIBLE, TIMELY, RELIABLE, AND ACCESSIBLE RESEARCH AND ANALYSIS ABOUT STATE-LEVEL BUDGET PRIORITIES, POLICIES, AND TAX AND REVENUE ISSUES, PARTICULARLY THOSE AFFECTING HUMAN SERVICES AND THE WELL-BEING OF LOW INCOME CHILDREN AND FAMILIES. COMMUNICATE RESEARCH AND ANALYSIS EFFECTIVELY TO STATE POLICY MAKERS AND THE NEWS MEDIA, DEMONSTRATING A QUICK RESPONSE CAPABILITY ON TAX AND BUDGET ISSUES. REACH OUT TO OTHER ORGANIZATIONS AND INDIVIDUALS WHO CAN CONTRIBUTE TO, AND USE FISCAL INFORMATION AND ANALYSES, WORKING CLOSELY WITH THEM TO ENSURE THAT PUBLIC ASSETS WORK IS RESPONSIVE TO THEIR NEEDS AND INTERESTS. EDUCATE INTEREST GROUPS ABOUT POLICIES THAT BENEFIT LOW-INCOME CHILDREN AND FAMILIES AND THE PUBLIC GOOD. WIDELY DISSEMINATE REPORTS, ANALYSIS, EASILY UNDERSTOOD FACT SHEETS, AND THE ISSUE BRIEFS TO APPROPRIATE AUDIENCES. CONDUCT WORKSHOPS AND BRIEFINGS ON SIGNIFICANT BUDGET AND TAX ISSUES.

    Expenses $453,480 · Grants $10,000

As filed on the 2022 return.

Listed in Part VII

  • Paul Cillo

    PRESIDENT

    Total calculated
    $99,466
    From this org
    $99,466
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stephanie Yu

    PRESIDENT

    Total calculated
    $69,170
    From this org
    $69,170
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ben Doyle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Scudder Parker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carlen Finn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cd Mattison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gaye Symington

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Steven Gold

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Weiwei Wang

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jared Duval

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431369349304668

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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