Form 990 for tax year 2023
Filed by PANETTA INSTITUTE FOR PUBLIC POLICY.
Totals
- Total revenue
- $2,987,313
- Total expenses
- $2,460,937
- Contributions and grants received
- $2,431,147
- Grants paid
- $519,298
- Program service revenue
- $257,500
- Investment income
- $294,442
- Other revenue
- $4,224
- Total assets, end of year
- $15,205,703
- Total liabilities, end of year
- $263,501
- Net assets or fund balances, end of year
- $14,942,202
- Program services expenses (Part IX)
- $2,085,661
- Management and general expenses
- $261,201
- Fundraising expenses
- $114,075
- Program service expenses (Part III)
- $2,085,661
Program services were 84.8% 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.
-
1c · Fundraising events
$715,474
-
1e · Government grants (contributions)
$550,000
-
1f · All other contributions, gifts and grants
$1,165,673
-
1g · Noncash contributions included above
$401,029
-
2a · Program service revenue: Ticket Sales - Lecture
total $142,500 · related or exempt $142,500
-
2b · Program service revenue: Program fees - CIP/Fel
total $115,000 · related or exempt $115,000
-
3 · Investment income
total $294,442 · excluded $294,442
-
11a · Other revenue: Miscellaneous
total $4,224 · related or exempt $4,224
-
11e · Other revenue, total
$4,224
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $519,298 · program services $519,298
-
7 · Other salaries and wages
total $658,554 · program services $455,288 · management and general $157,629 · fundraising $45,637
-
8 · Pension plan contributions
total $7,103 · program services $4,911 · management and general $1,700 · fundraising $492
-
9 · Other employee benefits
total $92,180 · program services $63,728 · management and general $22,064 · fundraising $6,388
-
10 · Payroll taxes
total $50,021 · program services $34,582 · management and general $11,973 · fundraising $3,466
-
11b · Fees: legal
total $34,229 · program services $28,998 · management and general $3,262 · fundraising $1,969
-
11c · Fees: accounting
total $17,742 · program services $15,031 · management and general $1,691 · fundraising $1,020
-
11g · Fees: other
total $17,466 · program services $15,772 · management and general $377 · fundraising $1,317
-
13 · Office expenses
total $83,485 · program services $69,266 · management and general $7,004 · fundraising $7,215
-
17 · Travel
total $67,361 · program services $66,364 · fundraising $997
-
23 · Insurance
total $34,635 · management and general $34,635
-
24a · Other expenses: Media Services
total $326,676 · program services $326,296 · fundraising $380
-
24b · Other expenses: Speaker Fees
total $260,000 · program services $260,000
-
24c · Other expenses: Lodging and meals for s
total $129,164 · program services $98,264 · fundraising $30,900
-
24d · Other expenses: student research survey
total $53,000 · program services $53,000
-
24e · All other expenses
total $110,023 · program services $74,863 · management and general $20,866 · fundraising $14,294
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,768 · end of year $1,522,072
-
2 · Savings and temporary cash investments
beginning of year $7,565,595 · end of year $6,600,520
-
3 · Pledges and grants receivable
beginning of year $255,000 · end of year $255,000
-
4 · Accounts receivable
beginning of year $15,000 · end of year $65,000
-
9 · Prepaid expenses and deferred charges
beginning of year $10,357 · end of year $38,385
-
10a · Land, buildings and equipment: cost or other basis
$651,898
-
10b · Land, buildings and equipment: accumulated depreciation
$41,156
-
10c · Land, buildings and equipment, net
beginning of year $610,742 · end of year $610,742
-
11 · Investments: publicly traded securities
beginning of year $5,157,289 · end of year $6,086,984
-
15 · Other assets
beginning of year $127,753 · end of year $27,000
-
17 · Accounts payable and accrued expenses
beginning of year $184,690 · end of year $229,501
-
19 · Deferred revenue
beginning of year $34,400 · end of year $34,000
-
27 · Net assets without donor restrictions
beginning of year $13,208,414 · end of year $14,687,202
-
28 · Net assets with donor restrictions
beginning of year $335,000 · end of year $255,000
Mission and programs · 2023
Mission
See Schedule O
Activities or mission (Part I)
To operate a bipartisan center of studies to support the advancement of public policy and to promote public service.
-
FORM 990, PART III, LINE 4A:LEON PANETTA LECTURE SERIES - EACH SPRING THE PANETTA INSTITUTE BRINGS TOGETHER NATIONALLY KNOWN GOVERNMENT AND POLICY LEADERS TO DISCUSS CURRENT ISSUES WITH CENTRAL COAST STUDENTS AND MEMBERS OF THE COMMUNITY. THE PROGRAMS ARE BROADCAST THROUGHOUT CALIFORNIA. BY THE END OF THE 2023 SEASON, MORE THAN 274 SPEAKERS HAD PARTICIPATED IN THE TWENTY-SIX YEARS OF THIS PROGRAM. ALL FOUR LECTURES WERE HELD IN PERSON IN 2023.
Expenses $963,570
-
Form 990, Part III, Line 4b:CONGRESSIONAL INTERNSHIP PROGRAM - THIS PROGRAM HAS DEVELOPED A REPUTATION AS THE PREMIER INTERN PROGRAM IN THE NATION AND PROVIDES AN OPPORTUNITY FOR QUALIFIED STUDENTS FROM ALL ECONOMIC BACKGROUNDS TO WORK IN WASHINGTON, D.C., AND PARTICIPATE IN THE DEMOCRATIC PROCESS FIRST HAND. BY 2023,577 STUDENTS HAD BEEN PLACED IN THE OFFICES OF MEMBERS OF THE CALIFORNIA CONGRESSIONAL DELEGATION THROUGH THIS PROGRAM. IN 2023,25 STUDENTS WERE PLACED IN CONGRESSIONAL OFFICES.
Expenses $647,862
-
Form 990, Part III, Line 4c:YOUTH CIVIC ENGAGEMENT RESEARCH:EVERY SPRING,THE INSTITUTE CONDUCTS A NATIONWIDE SURVEY OF COLLEGE STUDENTS TO HELP GUIDE THE CURRICULUM AND PROGRAMS, THIS STUDY EXPLORES THE ATTITUDES AND OPINIONS OF COLLEGE STUDENTS ON MANY TOPICS, INCLUDING CURRENT NATIONAL AND INTERNATIONAL ISSUES, SOCIAL, POLITICAL AND ECONOMIC TRENDS, LEVEL OF POLITICAL INVOLVEMENT AND CAREER EXPECTATIONS. FOR TWENTY-FOUR YEARS, THE INSTITUTE'S NATIONWIDE POLL HAS BECOME A HIGHLY RESPECTED SOURCE OF INFORMATION FOR ACADEMICS, RESEARCHERS, POLITICAL SCIENTISTS, AND POLICY MAKERS AND JOURNALISTS INTERESTED IN ANALYZING TWO DECADES OF COLLECTED DATA.SEE SCHEDULE O FOR ADDITONAL PROGRAM SERVICE ACTIVITIES.
Expenses $207,856
-
Expenses $266,373
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Secretary Leon E Panetta
Chairman & Director
- Total calculated
- $0
- Hours/week
- 20
-
Sylvia M Panetta
Co-Chair & CEO & Director
- Total calculated
- $0
- Hours/week
- 40
-
Catherine C Brock
Secretary & Director
- Total calculated
- $0
- Hours/week
- 1
-
Ted J Balestreri
Treasurer & Director
- Total calculated
- $0
- Hours/week
- 1
-
David J Benjamin III
Director
- Total calculated
- $0
- Hours/week
- 1
-
George W Couch III
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tonya A Antle
Vice Chair & Director
- Total calculated
- $0
- Hours/week
- 1
-
Rhonda A Williams
Director
- Total calculated
- $0
- Hours/week
- 1
-
Donald Chapin Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Simon Salinas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gordon E Eubanks Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stanley J Meresman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bettye Saxon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dorian Daley
Director
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349305481
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