Form 990 for tax year 2023
Filed by INSTITUTE ON TAXATION AND ECONOMIC POLICY.
Totals
- Total revenue
- $2,635,519
- Total expenses
- $3,630,121
- Contributions and grants received
- $2,393,140
- Grants paid
- $12,500
- Program service revenue
- $235,100
- Investment income
- $7,279
- Other revenue
- $0
- Total assets, end of year
- $4,926,104
- Total liabilities, end of year
- $1,371,691
- Net assets or fund balances, end of year
- $3,554,413
- Program services expenses (Part IX)
- $3,126,117
- Management and general expenses
- $268,758
- Fundraising expenses
- $235,246
- Program service expenses (Part III)
- $3,126,117
Program services were 86.1% 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.
-
1f · All other contributions, gifts and grants
$2,393,140
-
2a · Program service revenue: CONTRACT SERVICES
total $235,100 · related or exempt $235,100
-
3 · Investment income
total $7,279 · excluded $7,279
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $12,500 · program services $12,500
-
6 · Compensation of disqualified persons
total $480,061 · program services $237,630 · management and general $103,213 · fundraising $139,218
-
7 · Other salaries and wages
total $2,033,654 · program services $1,908,126 · management and general $79,614 · fundraising $45,914
-
8 · Pension plan contributions
total $212,745 · program services $198,890 · management and general $8,624 · fundraising $5,231
-
9 · Other employee benefits
total $292,053 · program services $281,176 · management and general $8,610 · fundraising $2,267
-
10 · Payroll taxes
total $181,516 · program services $157,854 · management and general $12,055 · fundraising $11,607
-
11b · Fees: legal
total $387 · management and general $387
-
11c · Fees: accounting
total $30,000 · management and general $30,000
-
11g · Fees: other
total $81,317 · program services $65,745 · management and general $3,270 · fundraising $12,302
-
13 · Office expenses
total $70,571 · program services $64,088 · management and general $3,717 · fundraising $2,766
-
14 · Information technology
total $48,311 · program services $37,633 · management and general $5,751 · fundraising $4,927
-
16 · Occupancy
total $150,161 · program services $130,587 · management and general $9,972 · fundraising $9,602
-
17 · Travel
total $26,948 · program services $24,855 · management and general $1,198 · fundraising $895
-
23 · Insurance
total $8,087 · program services $7,033 · management and general $537 · fundraising $517
-
24a · Other expenses: FEES AND LICENSES
total $1,810 · management and general $1,810
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,737,624 · end of year $2,667,295
-
2 · Savings and temporary cash investments
beginning of year $110,078 · end of year $367,136
-
3 · Pledges and grants receivable
beginning of year $1,964,250 · end of year $786,425
-
4 · Accounts receivable
beginning of year $46,107 · end of year $7,870
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $8,416
-
15 · Other assets
beginning of year $1,222,362 · end of year $1,088,962
-
17 · Accounts payable and accrued expenses
beginning of year $142,373 · end of year $149,233
-
19 · Deferred revenue
beginning of year $75,000 · end of year $37,500
-
25 · Other liabilities
beginning of year $1,314,033 · end of year $1,184,958
-
27 · Net assets without donor restrictions
beginning of year $769,850 · end of year $901,082
-
28 · Net assets with donor restrictions
beginning of year $3,779,165 · end of year $2,653,331
Mission and programs · 2023
Mission
ITEP IS A NON-PROFIT, NON-PARTISAN TAX POLICY ORGANIZATION. WE CONDUCT RIGOROUS ANALYSES OF TAX AND ECONOMIC PROPOSALS AND PROVIDE DATA-DRIVEN RECOMMENDATIONS ON HOW TO SHAPE EQUITABLE AND SUSTAINABLE TAX SYSTEMS. ITEP'S EXPERTISE AND DATA UNIQUELY ENHANCE FEDERAL, STATE, AND LOCAL POLICY DEBATES BY REVEALING HOW TAXES AFFECT BOTH PUBLIC REVENUES AND PEOPLE OF VARIOUS LEVELS OF INCOME AND WEALTH.
Activities or mission (Part I)
SEE PART III, LINE 1.
-
ITEP UNDERTAKES RESEARCH AND ANALYSIS OF STATE AND FEDERAL TAX PROPOSALS. ITEP USES A MICROSIMULATION MODEL TO ANALYZE THE TAX INCIDENCE OF TAX PROPOSALS BY INCOME BRACKETS. ITEP ALSO UNDERTAKES RESEARCH ON STATE AND FEDERAL TAX POLICY TO PROVIDE A MORE INDEPTH UNDERSTANDING OF THE IMPLICATIONS OF THE POLICIES TO THE PUBLIC. ITEP PUBLISHES, REPORTS, BRIEFS, FACT SHEETS AND BLOGS.
Expenses $3,126,117 · Grants $12,500 · Revenue $235,100
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Naomi WalkerNAOMI WALKER
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Henry ColemanHENRY COLEMAN
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Marie-Frances RiveraMARIE-FRANCES RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Elaine MejiaELAINE MEJIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ed JayneED JAYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nick JohnsonNICK JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joan EntmacherJOAN ENTMACHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Renee FryRENEE FRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Cynthia ConnollyCYNTHIA CONNOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Connie RazzaCONNIE RAZZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric RodriguezERIC RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Whitney TuckerWHITNEY TUCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy HanauerAMY HANAUER
EXECUTIVE DIRECTOR
- Total calculated
- $284,784
- From this org
- $217,579
- From related orgs
- $0
- Other
- $67,205
- Hours/week
- 39.2
Schedule J breakdown matched by us
- Base
- $217,579
- Bonus
- $0
- Other
- $0
- Deferred
- $21,758
- Nontaxable benefits
- $45,447
- Filer's total
- $284,784
-
Steve WamhoffSTEVE WAMHOFF
FEDERAL POLICY DIRECTOR
- Total calculated
- $195,277
- From this org
- $152,852
- From related orgs
- $0
- Other
- $42,425
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,852
- Bonus
- $0
- Other
- $0
- Deferred
- $15,285
- Nontaxable benefits
- $27,140
- Filer's total
- $195,277
-
Matthew GardnerMATTHEW GARDNER
SENIOR FELLOW
- Total calculated
- $174,592
- From this org
- $139,984
- From related orgs
- $0
- Other
- $34,608
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,984
- Bonus
- $0
- Other
- $0
- Deferred
- $13,998
- Nontaxable benefits
- $20,610
- Filer's total
- $174,592
-
Aidan DavisAIDAN DAVIS
SENIOR POLICY ANALYST
- Total calculated
- $147,209
- From this org
- $133,650
- From related orgs
- $0
- Other
- $13,559
- Hours/week
- 40
-
Jon WhitenJON WHITEN
COMMUNICATIONS DIRECTOR
- Total calculated
- $201,194
- From this org
- $149,100
- From related orgs
- $0
- Other
- $52,094
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,100
- Bonus
- $0
- Other
- $0
- Deferred
- $14,910
- Nontaxable benefits
- $37,184
- Filer's total
- $201,194
-
Michael EttlingerMICHAEL ETTLINGER
SENIOR FELLOW
- Total calculated
- $180,159
- From this org
- $130,071
- From related orgs
- $0
- Other
- $50,088
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,071
- Bonus
- $0
- Other
- $0
- Deferred
- $13,007
- Nontaxable benefits
- $37,081
- Filer's total
- $180,159
-
Carl DavisCARL DAVIS
RESEARCH DIRECTOR
- Total calculated
- $176,404
- From this org
- $129,895
- From related orgs
- $0
- Other
- $46,509
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,895
- Bonus
- $0
- Other
- $0
- Deferred
- $12,989
- Nontaxable benefits
- $33,520
- Filer's total
- $176,404
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 · 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
-
GENERAL PURPOSES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412839349301811
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