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← PUBLIC ASSETS INSTITUTE INC

Form 990 for tax year 2023

Filed by PUBLIC ASSETS INSTITUTE INC.

Totals

Total revenue
$544,396
Total expenses
$610,905
Contributions and grants received
$528,575
Grants paid
$0
Program service revenue
$8,500
Investment income
$6,821
Other revenue
$500
Total assets, end of year
$424,809
Total liabilities, end of year
$32,639
Net assets or fund balances, end of year
$392,170
Program services expenses (Part IX)
$492,809
Management and general expenses
$78,018
Fundraising expenses
$40,078
Program service expenses (Part III)
$492,809

Program services were 80.7% 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

    $528,575

  • 2a · Program service revenue: PUBLIC POLICY SERVICES

    total $8,500 · related or exempt $8,500

  • 3 · Investment income

    total $6,821 · excluded $6,821

  • 11a · Other revenue: OTHER

    total $500 · excluded $500

  • 11e · Other revenue, total

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,451 · program services $64,643 · management and general $19,890 · fundraising $14,918

  • 7 · Other salaries and wages

    total $272,729 · program services $216,614 · management and general $39,089 · fundraising $17,026

  • 10 · Payroll taxes

    total $27,798 · program services $20,929 · management and general $4,503 · fundraising $2,366

  • 11c · Fees: accounting

    total $6,062 · management and general $6,062

  • 11g · Fees: other

    total $173,989 · program services $171,870 · fundraising $2,119

  • 13 · Office expenses

    total $562 · program services $423 · management and general $48 · fundraising $91

  • 14 · Information technology

    total $7,618 · program services $4,713 · management and general $1,932 · fundraising $973

  • 16 · Occupancy

    total $725 · management and general $725

  • 17 · Travel

    total $7,826 · program services $7,775 · fundraising $51

  • 19 · Conferences, conventions and meetings

    total $3,674 · program services $3,604 · management and general $70

  • 23 · Insurance

    total $3,857 · management and general $3,857

  • 24a · Other expenses: BANK FEES

    total $589 · management and general $72 · fundraising $517

  • 24b · Other expenses: SUPPLIES & MATERIALS

    total $775 · program services $270 · management and general $348 · fundraising $157

  • 24c · Other expenses: PRINTING & POSTAGE

    total $3,022 · program services $1,180 · fundraising $1,842

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $955 · program services $600 · management and general $355

  • 24e · All other expenses

    total $1,273 · program services $188 · management and general $1,067 · fundraising $18

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,906 · end of year $7,959

  • 2 · Savings and temporary cash investments

    beginning of year $438,246 · end of year $402,841

  • 3 · Pledges and grants receivable

    beginning of year $42,000 · end of year $12,500

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

    $2,421

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

    $2,421

  • 15 · Other assets

    beginning of year $2,009 · end of year $1,509

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,140 · end of year $19,555

  • 25 · Other liabilities

    beginning of year $13,342 · end of year $13,084

  • 27 · Net assets without donor restrictions

    beginning of year $416,679 · end of year $379,670

  • 28 · Net assets with donor restrictions

    beginning of year $42,000 · end of year $12,500

Mission and programs · 2023

Mission

PUBLIC ASSETS INSTITUTE IMPROVES THE WELLBEING OF ALL VERMONTERS AND ADVANCES RACIAL, SOCIAL, AND ECONOMIC JUSTICE THROUGH RESEARCH, FISCAL ANALYSIS, PUBLIC ENGAGEMENT AND EMPOWERMENT, AND BY DEVELOPING AND PROMOTING POLICIES THAT STATE GOVERNMENT CAN ENACT.

  • CONDUCT, PRODUCE, AND DISSEMINATE CREDIBLE, TIMELY, RELIABLE, AND ACCESSIBLE RESEARCH AND ANALYSIS ABOUT STATE-LEVEL BUDGET PRIORITIES, POLICIES, AND TAX AND REVENUE ISSUES, PARTICULARLY THOSE AFFECTING HUMAN SERVICES AND THE WELL-BEING OF LOW INCOME CHILDREN AND FAMILIES. COMMUNICATE RESEARCH AND ANALYSIS EFFECTIVELY TO STATE POLICY MAKERS AND THE NEWS MEDIA, DEMONSTRATING A QUICK RESPONSE CAPABILITY ON TAX AND BUDGET ISSUES. REACH OUT TO OTHER ORGANIZATIONS AND INDIVIDUALS WHO CAN CONTRIBUTE TO, AND USE FISCAL INFORMATION AND ANALYSES, WORKING CLOSELY WITH THEM TO ENSURE THAT PUBLIC ASSETS WORK IS RESPONSIVE TO THEIR NEEDS AND INTERESTS. EDUCATE INTEREST GROUPS ABOUT POLICIES THAT BENEFIT LOW-INCOME CHILDREN AND FAMILIES AND THE PUBLIC GOOD. WIDELY DISSEMINATE REPORTS, ANALYSIS, EASILY UNDERSTOOD FACT SHEETS, AND THE ISSUE BRIEFS TO APPROPRIATE AUDIENCES. CONDUCT WORKSHOPS AND BRIEFINGS ON SIGNIFICANT BUDGET AND TAX ISSUES.

    Expenses $492,809 · Revenue $8,500

As filed on the 2023 return.

Listed in Part VII

  • Stephanie Yu

    PRESIDENT

    Total calculated
    $98,183
    From this org
    $98,183
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Janet Ancel

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ed Paquin

    TREASURER INCOMING

    Total calculated
    $0
    Hours/week
    2

  • Steven Gold

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Gaye Symington

    TREASURER OUTGOING

    Total calculated
    $0
    Hours/week
    2

  • Jared Duval

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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 May 2025
IRS schema version
2023v6.0
Source object
202511349349306271

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