Skip to content
Nonprofiteer
← PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY

Form 990 for tax year 2024

Filed by PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY.

Totals

Total revenue
$7,623,024
Total expenses
$5,768,759
Contributions and grants received
$5,730,834
Grants paid
$0
Program service revenue
$0
Investment income
$1,660,070
Other revenue
$232,120
Total assets, end of year
$31,970,684
Total liabilities, end of year
$397,856
Net assets or fund balances, end of year
$31,572,828
Program services expenses (Part IX)
$3,706,320
Management and general expenses
$786,990
Fundraising expenses
$1,275,449
Program service expenses (Part III)
$3,706,320

Program services were 64.2% 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

    $47,800

  • 1f · All other contributions, gifts and grants

    $5,683,034

  • 1g · Noncash contributions included above

    $37,286

  • 3 · Investment income

    total $1,090,690 · unrelated business $0 · excluded $1,090,690

  • 4 · Income from investment of tax-exempt bond proceeds

    total $973 · related or exempt $0 · unrelated business $0 · excluded $973

  • 7a · Gross sales of assets other than inventory

    securities $568,407

  • 7c · Gain or loss

    securities $568,407

  • 7d · Net gain or loss

    total $568,407 · related or exempt $0 · unrelated business $0 · excluded $568,407

  • 8a · Fundraising events: gross income

    $232,120

  • 8a · Fundraising events: contributions included on line 1c

    $47,800

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $232,120 · unrelated business $0 · excluded $232,120

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,380,323 · program services $785,968 · management and general $191,813 · fundraising $402,542

  • 7 · Other salaries and wages

    total $307,994 · program services $24,789 · management and general $261,338 · fundraising $21,867

  • 9 · Other employee benefits

    total $87,765 · program services $37,792 · management and general $31,516 · fundraising $18,457

  • 10 · Payroll taxes

    total $88,665 · program services $54,634 · management and general $12,395 · fundraising $21,636

  • 11b · Fees: legal

    total $30,000 · program services $30,000 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $201,598 · program services $101,769 · management and general $62,148 · fundraising $37,681

  • 11g · Fees: other

    total $1,193,765 · program services $973,594 · management and general $25,314 · fundraising $194,857

  • 12 · Advertising and promotion

    total $905,558 · program services $900,298 · management and general $5,260 · fundraising $0

  • 13 · Office expenses

    total $130,742 · program services $99,436 · management and general $7,320 · fundraising $23,986

  • 14 · Information technology

    total $50,725 · program services $21,889 · management and general $3,853 · fundraising $24,983

  • 16 · Occupancy

    total $102,954 · program services $62,324 · management and general $17,419 · fundraising $23,211

  • 17 · Travel

    total $85,618 · program services $21,218 · management and general $9,709 · fundraising $54,691

  • 19 · Conferences, conventions and meetings

    total $2,000 · program services $2,000 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $42,799 · program services $28,016 · management and general $4,028 · fundraising $10,755

  • 24a · Other expenses: Events

    total $635,126 · program services $345,609 · management and general $6,740 · fundraising $282,777

  • 24b · Other expenses: Graphics

    total $107,576 · program services $68,148 · management and general $20,992 · fundraising $18,436

  • 24c · Other expenses: Publication Production

    total $71,711 · program services $35,062 · management and general $181 · fundraising $36,468

  • 24d · Other expenses: Website

    total $5,499 · program services $1,311 · management and general $3,588 · fundraising $600

  • 24e · All other expenses

    total $338,341 · program services $112,463 · management and general $123,376 · fundraising $102,502

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,911,552 · end of year $1,968,458

  • 2 · Savings and temporary cash investments

    beginning of year $4,607,655 · end of year $12,959,061

  • 3 · Pledges and grants receivable

    beginning of year $955,000 · end of year $797,460

  • 4 · Accounts receivable

    beginning of year $315

  • 9 · Prepaid expenses and deferred charges

    beginning of year $81,669 · end of year $197,920

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

    $34,990

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

    $34,990

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $15,588,775 · end of year $16,047,785

  • 17 · Accounts payable and accrued expenses

    beginning of year $300,355 · end of year $397,856

  • 25 · Other liabilities

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $24,108,914 · end of year $26,412,356

  • 28 · Net assets with donor restrictions

    beginning of year $5,735,697 · end of year $5,160,472

Mission and programs · 2024

Mission

PRI CHAMPIONS FREEDOM, OPPORTUNITY, AND PERSONAL RESPONSIBILITY BY ADVANCING FREE-MARKET SOLUTIONS. THE INSTITUTE PROVIDES PRACTICAL SOLUTIONS FOR THE POLICY ISSUES THAT IMPACT THE DAILY LIVES OF ALL AMERICANS AND DEMONSTRATES WHY THE FREE MARKET IS MORE EFFECTIVE THAN GOVERNMENT AT PROVIDING THE IMPORTANT RESULTS WE ALL SEEK: GOOD SCHOOLS, QUALITY HEALTH CARE, A CLEAN ENVIRONMENT, AND A ROBUST ECONOMY.

Activities or mission (Part I)

Champions Freedom, Opportunity and Responsibility by Advancing Free-Market Policy Solutions.

  • THE CENTER FOR HEALTH CARE EXAMINES PUBLIC POLICIES THAT AFFECT AMERICAS HEALTH CARE SYSTEM, EXPLAINS HOW THESE POLICIES LIMIT ACCESS TO AFFORDABLE, HIGH QUALITY HEALTH CARE, AND PRESCRIBES REFORMS THAT RELY ON MARKET-BASED SOLUTIONS.

    Expenses $1,402,495

  • THE CENTER FOR CALIFORNIA REFORM SEEKS TO REINVIGORATE CALIFORNIAS ENTREPRENEURIAL, SELF-RELIANT TRADITIONS

    Expenses $600,148

  • THE CENTER FOR EDUCATION WORKS TO RESTORE TO ALL PARENTS THE BASIC RIGHT TO CHOOSE THE BEST EDUCATIONAL OPPORTUNITIES FOR THEIR CHILDREN THROUGH RESEARCH AND GRASSROOTS OUTREACH, THE INSTITUTES SCHOLARS ADVANCE PARENTAL CHOICE IN EDUCATION, HIGH ACADEMIC STANDARDS, CHARTER SCHOOLS, TEACHER QUALITY AND SCHOOL FINANCE REFORM

    Expenses $718,451

  • OTHER PROGRAM SERVICES

    Expenses $985,226

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

Listed in Part VII

  • Sally C Pipes

    President and CEO

    Total calculated
    $536,391
    From this org
    $522,499
    From related orgs
    $0
    Other
    $13,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $522,499
    Bonus
    $0
    Other
    $0
    Deferred
    $13,892
    Nontaxable benefits
    $0
    Filer's total
    $536,391

  • Rowena Itchon

    Chief Operating Officer

    Total calculated
    $395,500
    From this org
    $365,000
    From related orgs
    $0
    Other
    $30,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,000
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $0
    Filer's total
    $395,500

  • Benjamin Smithwick

    VP Development

    Total calculated
    $246,000
    From this org
    $231,000
    From related orgs
    $0
    Other
    $15,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,000
    Bonus
    $0
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $0
    Filer's total
    $246,000

  • Lance Izumi

    Senior Director Center for Education

    Total calculated
    $181,913
    From this org
    $181,913
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,913
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $181,913

  • Timothy Anaya

    VP Marketing

    Total calculated
    $181,000
    From this org
    $175,000
    From related orgs
    $0
    Other
    $6,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $0
    Filer's total
    $181,000

  • Steven Dennis MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter C Farrell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Russell A Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Clark Judge

    Director, Chairman

    Total calculated
    $0
    Hours/week
    1

  • Daniel M Kolkey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sean McAvoy

    Director, Secretary, Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Daniel Oliver

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael T Psomas

    Director

    Total calculated
    $50,337
    From this org
    $50,337
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Samuelson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lawrence J Siskind

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Tosetti

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Wallace

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Wright

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christine Zanello

    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. 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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349310244

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

The source document this was parsed from is served over the API, which is where bulk and document access live.