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Nonprofiteer
← PUBLIC INTEREST FELLOWSHIP FOUNDATION

Form 990 for tax year 2024

Filed by PUBLIC INTEREST FELLOWSHIP FOUNDATION.

Totals

Total revenue
$4,153,194
Total expenses
$4,455,229
Contributions and grants received
$4,138,000
Grants paid
$864,126
Program service revenue
$0
Investment income
$0
Other revenue
$15,194
Total assets, end of year
$1,055,540
Total liabilities, end of year
$15,507
Net assets or fund balances, end of year
$1,040,033
Program services expenses (Part IX)
$4,391,146
Management and general expenses
$64,083
Fundraising expenses
$0
Program service expenses (Part III)
$4,391,146

Program services were 98.6% 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

    $4,138,000

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $15,194 · related or exempt $15,194

  • 11e · Other revenue, total

    $15,194

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $224,050 · program services $224,050

  • 2 · Grants to domestic individuals

    total $631,976 · program services $631,976

  • 3 · Grants to foreign organizations and individuals

    total $8,100 · program services $8,100

  • 5 · Compensation of officers, directors and key employees

    total $201,480 · program services $196,639 · management and general $4,841

  • 7 · Other salaries and wages

    total $525,640 · program services $497,589 · management and general $28,051

  • 9 · Other employee benefits

    total $139,591 · program services $133,547 · management and general $6,044

  • 10 · Payroll taxes

    total $59,541 · program services $57,159 · management and general $2,382

  • 11c · Fees: accounting

    total $99,183 · program services $99,183

  • 11g · Fees: other

    total $934,236 · program services $928,017 · management and general $6,219

  • 13 · Office expenses

    total $188,936 · program services $176,650 · management and general $12,286

  • 14 · Information technology

    total $24,928 · program services $24,928

  • 17 · Travel

    total $1,103,689 · program services $1,103,689

  • 19 · Conferences, conventions and meetings

    total $292,577 · program services $292,577

  • 23 · Insurance

    total $21,302 · program services $17,042 · management and general $4,260

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,359,403 · end of year $682,585

  • 4 · Accounts receivable

    beginning of year $30,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,927 · end of year $372,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,286 · end of year $15,507

  • 27 · Net assets without donor restrictions

    beginning of year $1,298,738 · end of year $1,040,033

  • 28 · Net assets with donor restrictions

    beginning of year $43,330 · end of year $0

Mission and programs · 2024

Mission

THE PUBLIC INTEREST FELLOWSHIP FOUNDATION (TPIFF) DRAWS ON THE LEGACY OF THAT GREAT JOURNAL OF IDEAS AND POLICY FOUNDED BY DANIEL BELL AND IRVING KRISTOL. THIS LEGACY NOURISHED GENERATIONS OF INDIVIDUALS DEDICATED TO MEETING THE MORAL AND CULTURAL CHALLENGES OF THE DAY THROUGH THE RIGOROUS STUDY OF CONTEMPORARY AMERICA AND RECLAIMING OF THE ENDURING PRINCIPLES OF THE AMERICAN CONSTITUTIONAL TRADITION. CONCEIVED IN THAT SPIRIT, TPIFF PROVIDES EXCEPTIONAL YOUNG MEN AND WOMEN WITH PROFESSIONAL LEARNING OPPORTUNITIES AND A CONTINUING EDUCATION IN THE TRADITION OF FREEDOM. THE UNIQUE COMBINATION OF WORK AND STUDY IS DESIGNED TO ADVANCE A FELLOW'S PURSUIT OF CAREERS DEVOTED TO ENRICHING THE CULTURAL LIFE OF THE UNITED STATES.

  • RETREATS - TPIFF HOSTED THREE RETREATS THAT COVERED PRINCIPLES AND PRACTICE RELATED TO CRITICAL POLICY ISSUES.

    Expenses $1,556,168 · Grants $306,236 · Revenue $5,385

  • PUBLICATIONS - THE FELLOWS WORKED FULL-TIME WITH PUBLICATIONS, THINK-TANKS, AND OBJECTIVE NON-PARTISAN POLICY FIRMS OVER THE COURSE OF A YEAR.

    Expenses $1,524,777 · Grants $300,058 · Revenue $5,276

  • SEMINARS - FELLOWS STUDIED POLITICAL PHILOSOPHY, POLICY, AND HISTORY. EACH WEEK OF THE PROGRAM, THEY WERE REQUIRED TO PRODUCE WEEKLY WRITTEN RESPONSES, TO ENGAGE IN CLOSE TEXT STUDY, AND TO DEBATE WITH EACH OTHER.

    Expenses $1,310,201 · Grants $257,832 · Revenue $4,533

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter Berkowitz

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Aaron MacLean

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Jay Kramer

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Eliana Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Garrett Exner

    PRESIDENT/EXECUTIVE DIRECTOR

    Total calculated
    $199,568
    From this org
    $173,500
    From related orgs
    $0
    Other
    $26,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,068
    Filer's total
    $199,568

  • Harry Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Sarah Beraha

    DIRECTOR OF OPERATIONS

    Total calculated
    $142,066
    From this org
    $115,000
    From related orgs
    $0
    Other
    $27,066
    Hours/week
    40

  • Serena Frechterpfeiffer

    DEPUTY DIRECTOR (UNTIL 05/25)

    Total calculated
    $134,468
    From this org
    $134,000
    From related orgs
    $0
    Other
    $468
    Hours/week
    40

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 · Form 990 of other organizations
  • 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

Provenance

Return type
form_990
Tax year
2024
Filed
10 June 2026
IRS schema version
2024v5.5
Source object
202601619349301365

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