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← POLICY & INNOVATION CENTER

Form 990 for tax year 2024

Filed by POLICY & INNOVATION CENTER.

Totals

Total revenue
$6,011,407
Total expenses
$5,706,488
Contributions and grants received
$5,429,739
Grants paid
$0
Program service revenue
$580,834
Investment income
$834
Other revenue
$0
Total assets, end of year
$11,141,664
Total liabilities, end of year
$10,700,935
Net assets or fund balances, end of year
$440,729
Program services expenses (Part IX)
$3,028,528
Management and general expenses
$2,352,353
Fundraising expenses
$325,607
Program service expenses (Part III)
$3,028,528

Program services were 53.1% 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.

  • 1d · Related organizations

    $2,195,000

  • 1e · Government grants (contributions)

    $2,883,463

  • 1f · All other contributions, gifts and grants

    $351,276

  • 2a · Program service revenue: RESEARCH PROGRAM REVEN

    total $510,520 · related or exempt $510,520

  • 2b · Program service revenue: SHARED SERVICES

    total $70,314 · related or exempt $70,314

  • 3 · Investment income

    total $834 · excluded $834

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,581,870 · program services $1,540,617 · management and general $794,062 · fundraising $247,191

  • 8 · Pension plan contributions

    total $239,000 · program services $149,845 · management and general $65,291 · fundraising $23,864

  • 9 · Other employee benefits

    total $348,831 · program services $218,706 · management and general $95,295 · fundraising $34,830

  • 10 · Payroll taxes

    total $197,513 · program services $123,834 · management and general $53,957 · fundraising $19,722

  • 11b · Fees: legal

    total $92,208 · program services $19,559 · management and general $72,649

  • 11c · Fees: accounting

    total $180,430 · program services $38,272 · management and general $142,158

  • 11g · Fees: other

    total $1,502,659 · program services $818,780 · management and general $683,879

  • 12 · Advertising and promotion

    total $3,311 · program services $1,886 · management and general $1,425

  • 14 · Information technology

    total $144,073 · program services $31,263 · management and general $112,810

  • 23 · Insurance

    total $10,318 · management and general $10,318

  • 24a · Other expenses: SHARED SERVICES

    total $118,192 · program services $68,516 · management and general $49,676

  • 24e · All other expenses

    total $288,083 · program services $17,250 · management and general $270,833

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,408,438 · end of year $9,642,888

  • 3 · Pledges and grants receivable

    beginning of year $49,435 · end of year $65,664

  • 4 · Accounts receivable

    beginning of year $575,186 · end of year $560,231

  • 7 · Other notes and loans receivable

    beginning of year $48,403 · end of year $57,154

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,872 · end of year $20,358

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

    $133,447

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

    $64,097

  • 10c · Land, buildings and equipment, net

    beginning of year $87,758 · end of year $69,350

  • 15 · Other assets

    beginning of year $791,135 · end of year $726,019

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,108 · end of year $888,770

  • 19 · Deferred revenue

    beginning of year $2,169,453 · end of year $8,383,744

  • 25 · Other liabilities

    beginning of year $1,530,856 · end of year $1,428,421

  • 27 · Net assets without donor restrictions

    beginning of year $18,764 · end of year $323,683

  • 28 · Net assets with donor restrictions

    beginning of year $117,046 · end of year $117,046

Mission and programs · 2024

Mission

THE POLICY & INNOVATION CENTER'S (PIC) MISSION IS TO UNLOCK THE REGION'S POTENTIAL BY CULTIVATING AND BUILDING PARTNERSHIPS. OUR NICHE IS TO ADDRESS INTRACTABLE ISSUES THAT CAN ONLY BE SOLVED WITH CROSS-SECTOR, MULTI-JURISDICTIONAL COLLABORATIONS. PIC DEVELOPS, TESTS, AND IMPLEMENTS WORLD-CLASS RESEARCH AND POLICY-DRIVEN SOLUTIONS TO SUPPORT CLIMATE RESILIENCE, CRITICAL INFRASTRUCTURE, AFFORDABLE HOUSING, QUALITY JOBS, AND BUILDING COMMUNITY WEALTH FOR DISINVESTED COMMUNITIES.

  • SEE SCHEDULE O.USING RESEARCH AND DATA ANALYSIS, THE POLICY & INNOVATION CENTER PRODUCED REGIONAL PLANS, INFORMED THE COUNTY OF SAN DIEGO'S CLIMATE ACTION PLAN, AND DEVELOPED MUNICIPAL FINANCING AND HOUSING SOLUTIONS, ALSO, THE POLICY & INNOVATION CENTER IDENTIFIED LOCAL GAPS IN BACCALAUREATE DEGREES TO ASSIST A COMMUNITY COLLEGE DISTRICT TO OFFER FOUR-YEAR DEGREE PROGRAMS.

  • SEE SCHEDULE O.APPLYING EQUITY FOCUSED RESEARCH TO OUR REGION'S MOST PRESSING CHALLENGES. FOUND SIGNIFICANT DISPARITIES IN EVERY DOMAIN AND DEMOGRAPHIC, BUT SOME OF THE STARKEST WERE RACIAL DISPARITIES IN EMPLOYMENT AND INCOME. COUNTINUED TO TRACK PROGRESS SAN DIEGO COUNTY YOUTH HAVE MADE DESPITE A VARIETY OF OBSTACLES FROM DISCRIMINATION TO HOMELESSNESS AND IDENTIFIED OPPORTUNITIES FOR TARGETED ASSISTANCE. EXAMINED DRIVERS ON WATER PRICES AND POTENTIAL FINANCIAL SOLUTIONS TO MITIGATE WATER POVERTY.

  • SEE SCHEDULE O.APPLICATIONS, CONTRACT PROPOSALS AND RESEARCH LED TO AWARDS TOTALING OVER $15 MILLION TO THE REGION, ALONGSIDE CONTINUED GRANTS OF $4.5 MILLION.

  • THE ORGANIZATION HAS BEEN:(1) BRINGING TOGETHER AND FOSTERING COLLABORATION AND CONSENSUS AMONG LOCAL GOVERNMENTAL BODIES, COMMUNITY LEADERS, RESEARCHERS, SUBJECT MATTER EXPERTS, AND STAKEHOLDERS FROM ACROSS THE REGION;(2) COLLECTING AND ANALYZING DATA AND CONDUCTING RIGOROUS ORIGINAL RESEARCH TO HELP EFFECTIVELY ADDRESS THE REGION'S PUBLIC INFRASTRUCTURE, HEALTH, HOUSING, ENVIRONMENTAL AND OTHER COMMUNITY NEEDS, AND MAKING THE RESULTS PUBLICLY AVAILABLE;(3) DEVELOPING AND HELPING IMPLEMENT INNOVATIVE STRATEGIES AND SOLUTIONS BASED ON THAT DATA RESEARCH;(4) HELPING LOCAL GOVERNMENTAL BODIES INCREASE FEDERAL GRANT FUNDING AND IDENTIFY AND OBTAIN OTHER FUNDING RESOURCES TO ADDRESS PUBLIC NEEDS ACROSS THE REGION; AND(5) SHARING THE RESEARCH, RESULTS, POLICIES AND INNOVATIONS NATIONALLY, TO BENEFIT THE PUBLIC IN OTHER REGIONS OF THE U.S.

    Expenses $3,028,528 · Revenue $580,834

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

Listed in Part VII

  • SUSAN L GUINN

    CEO, PRESIDENT

    Total calculated
    $774,120
    From this org
    $0
    From related orgs
    $670,117
    Other
    $104,003
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $555,572 related
    Bonus
    $0 + $114,545 related
    Other
    $0
    Deferred
    $0 + $71,367 related
    Nontaxable benefits
    $0 + $32,636 related
    Filer's total
    $0 + $774,120 related

  • MARK STUART

    DIRECTOR

    Total calculated
    $737,408
    From this org
    $0
    From related orgs
    $641,727
    Other
    $95,681
    Hours/week
    0.5 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,867 related
    Bonus
    $0 + $110,860 related
    Other
    $0
    Deferred
    $0 + $69,722 related
    Nontaxable benefits
    $0 + $25,959 related
    Filer's total
    $0 + $737,408 related

  • JAMES HOWELL

    TREASURER

    Total calculated
    $524,026
    From this org
    $0
    From related orgs
    $457,686
    Other
    $66,340
    Hours/week
    0.5 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $393,762 related
    Bonus
    $0 + $63,924 related
    Other
    $0
    Deferred
    $0 + $42,037 related
    Nontaxable benefits
    $0 + $24,303 related
    Filer's total
    $0 + $524,026 related

  • BEN HADDAD

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • P KAY COLEMAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.3 related

  • MEL KATZ

    SECTRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.3 related

  • ERNEST RADY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LISA CUESTAS

    DIRECTOR, AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • MICHEL ANDERSON

    DIRECTOR, VICE AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • SUSAN DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL ENEMARK

    CHIEF ECONOMIST

    Total calculated
    $284,766
    From this org
    $261,952
    From related orgs
    $0
    Other
    $22,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,447
    Bonus
    $30,505
    Other
    $0
    Deferred
    $7,968
    Nontaxable benefits
    $14,846
    Filer's total
    $284,766

  • EMILY WIER

    VP, CHIEF POLICY & STRATEGY OFFICER

    Total calculated
    $235,228
    From this org
    $207,977
    From related orgs
    $0
    Other
    $27,251
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,217
    Bonus
    $22,760
    Other
    $0
    Deferred
    $6,492
    Nontaxable benefits
    $20,759
    Filer's total
    $235,228

  • KAREN BOYD

    DIRECTOR OF RESEARCH, ECONOMIST

    Total calculated
    $172,168
    From this org
    $158,941
    From related orgs
    $0
    Other
    $13,227
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,008
    Bonus
    $6,933
    Other
    $0
    Deferred
    $5,800
    Nontaxable benefits
    $7,427
    Filer's total
    $172,168

  • ALICIA JUREK

    SENIOR OFFICER, ECONOMICS

    Total calculated
    $154,792
    From this org
    $142,550
    From related orgs
    $0
    Other
    $12,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,325
    Bonus
    $6,225
    Other
    $0
    Deferred
    $5,000
    Nontaxable benefits
    $7,242
    Filer's total
    $154,792

  • TIFFANY FROST OPERATIONS

    ADMINISTRATOR & COMPLIANCE SPECIALIST

    Total calculated
    $145,640
    From this org
    $120,273
    From related orgs
    $0
    Other
    $25,367
    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 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
EXECUTIVE OFFICER COMPENSATION FOR THE CEO OF THE POLICY & INNOVATION CENTER WAS DETERMINED BASED ON THE ADVICE OF AN INDEPENDENT EXPERT COMPENSATION CONSULTANT AND IN ACCORDANCE WITH THE PROCESS TO QUALIFY UNDER FEDERAL TAX LAW FOR A REBUTTABLE PRESUMPTION THAT THE COMPENSATION IS REASONABLE. THE COMPENSATION REFLECTS THE AMOUNT PAID BY THE SAN DIEGO FOUNDATION TO ITS CHIEF INNOVATION OFFICER AND AN IN-KIND DONATION TO SUPPORT THE CEO POSITION AT THE POLICY & INNOVATION CENTER. OTHER COMPENSATION INCLUDES THE COMPENSATION PAID BY THE SAN DIEGO FOUNDATION FOR ITS CEO AND CFO, WHO ALSO SERVE AS NON-PAID DIRECTORS ON THE POLICY & INNOVATION CENTER'S BOARD.
PART I, LINE 7
DISCRETIONARY BONUS PAYMENTS WERE PAID BASED ON PERSONS MEETING GOALS SET BY AND APPROVED BY BOARD OF GOVERNORS.

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • INNOVATION & RESILIENCE VENTURES

    C · PUBLIC BENEFIT · CA · 100% owned · share of assets $11,450 · controlled entity

    Directly controlled by POLICY & INNOVATION CENTER

Provenance

Return type
form_990
Tax year
2024
Filed
5 March 2026
IRS schema version
2024v5.5
Source object
202620719349300122

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