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Nonprofiteer
← JOINT CENTER FOR POLITICAL AND ECONOMIC STUDIES INC

Form 990 for tax year 2024

Filed by JOINT CENTER FOR POLITICAL AND ECONOMIC STUDIES INC.

Totals

Total revenue
$3,445,579
Total expenses
$4,034,896
Contributions and grants received
$3,341,053
Grants paid
$0
Program service revenue
$0
Investment income
$93,409
Other revenue
$11,117
Total assets, end of year
$11,537,064
Total liabilities, end of year
$970,335
Net assets or fund balances, end of year
$10,566,729
Program services expenses (Part IX)
$2,581,277
Management and general expenses
$1,031,188
Fundraising expenses
$422,431
Program service expenses (Part III)
$2,581,277

Program services were 64.0% 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

    $3,341,053

  • 3 · Investment income

    total $93,612 · excluded $93,612

  • 7a · Gross sales of assets other than inventory

    securities $1,496

  • 7b · Less cost or other basis and sales expenses

    securities $1,699

  • 7c · Gain or loss

    securities -$203

  • 7d · Net gain or loss

    total -$203 · excluded -$203

  • 11a · Other revenue: MISC. INCOME

    total $6,813 · excluded $6,813

  • 11b · Other revenue: REFUNDS

    total $4,304 · excluded $4,304

  • 11e · Other revenue, total

    $11,117

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $542,125 · program services $300,727 · management and general $179,239 · fundraising $62,159

  • 7 · Other salaries and wages

    total $2,049,818 · program services $1,434,148 · management and general $513,859 · fundraising $101,811

  • 8 · Pension plan contributions

    total $55,219 · program services $43,727 · management and general $7,348 · fundraising $4,144

  • 9 · Other employee benefits

    total $131,111 · program services $102,861 · management and general $18,790 · fundraising $9,460

  • 10 · Payroll taxes

    total $210,115 · program services $136,642 · management and general $61,598 · fundraising $11,875

  • 11b · Fees: legal

    total $100 · management and general $100

  • 11c · Fees: accounting

    total $110,777 · management and general $110,777

  • 11e · Fees: professional fundraising services

    total $191,000 · fundraising $191,000

  • 11g · Fees: other

    total $148,648 · program services $110,047 · management and general $32,429 · fundraising $6,172

  • 12 · Advertising and promotion

    total $109,536 · program services $102,970 · management and general $4,402 · fundraising $2,164

  • 13 · Office expenses

    total $112,104 · program services $82,641 · management and general $18,683 · fundraising $10,780

  • 14 · Information technology

    total $93,800 · program services $72,542 · management and general $14,240 · fundraising $7,018

  • 16 · Occupancy

    total $90,895 · program services $60,176 · management and general $24,953 · fundraising $5,766

  • 17 · Travel

    total $51,393 · program services $38,149 · management and general $9,228 · fundraising $4,016

  • 19 · Conferences, conventions and meetings

    total $117,440 · program services $92,677 · management and general $19,124 · fundraising $5,639

  • 23 · Insurance

    total $10,689 · program services $3,970 · management and general $6,292 · fundraising $427

  • 24a · Other expenses: BUSINESS REG. FEES

    total $10,126 · management and general $10,126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,662,021 · end of year $5,063,594

  • 2 · Savings and temporary cash investments

    beginning of year $5,055,519 · end of year $4,145,608

  • 3 · Pledges and grants receivable

    beginning of year $1,844,139 · end of year $1,205,581

  • 4 · Accounts receivable

    beginning of year $25,642 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,325 · end of year $23,663

  • 11 · Investments: publicly traded securities

    end of year $976,957

  • 15 · Other assets

    beginning of year $72,133 · end of year $121,661

  • 17 · Accounts payable and accrued expenses

    beginning of year $207,561 · end of year $323,674

  • 19 · Deferred revenue

    beginning of year $200,000 · end of year $525,000

  • 25 · Other liabilities

    beginning of year $75,890 · end of year $121,661

  • 27 · Net assets without donor restrictions

    beginning of year $7,290,014 · end of year $7,020,590

  • 28 · Net assets with donor restrictions

    beginning of year $3,889,314 · end of year $3,546,139

Mission and programs · 2024

Mission

THE JOINT CENTER FOR POLITICAL AND ECONOMIC STUDIES, AMERICA'S BLACK THINK TANK, PROVIDES COMPELLING AND ACTIONABLE POLICY SOLUTIONS TO ERADICATE PERSISTENT AND EVOLVING BARRIERS TO THE FULL FREEDOM OF BLACK PEOPLE IN AMERICA. (SEE SCHEDULE O)WE ARE THE TRUSTED FORUM FOR LEADING EXPERTS AND SCHOLARS TO PARTICIPATE IN MAJOR PUBLIC POLICY DEBATES AND PROMOTE IDEAS THAT ADVANCE BLACK COMMUNITIES. WE USE EVIDENCE-BASED RESEARCH, ANALYSIS, CONVENINGS, AND STRATEGIC COMMUNICATIONS TO SUPPORT BLACK COMMUNITIES AND A NETWORK OF ALLIES.

Activities or mission (Part I)

THE JOINT CENTER FOR POLITICAL AND ECONOMIC STUDIES, AMERICA'S BLACK THINK TANK, PROVIDES COMPELLING AND ACTIONABLE POLICY SOLUTIONS TO ERADICATE PERSISTENT AND EVOLVING BARRIERS TO THE FULL FREEDOM OF BLACK PEOPLE IN AMERICA. WE ARE THE TRUSTED FORUM FOR LEADING EXPERTS AND SCHOLARS TO PARTICIPATE IN MAJOR PUBLIC POLICY DEBATES AND PROMOTE IDEAS THAT ADVANCE BLACK COMMUNITIES. WE USE EVIDENCE-BASED RESEARCH, ANALYSIS, CONVENINGS, AND STRATEGIC COMMUNICATIONS TO SUPPORT BLACK COMMUNITIES AND A NETWORK OF ALLIES.

  • ECONOMIC STUDIES: THE JOINT CENTER'S ECONOMIC STUDIES PROGRAM CONDUCTS SURVEY RESEARCH, PRODUCES POLICY RESEARCH AND ANALYSIS, WRITES AND PUBLISHES REPORTS AND FACT SHEETS, ORGANIZES EVENTS, AND DISSEMINATES INFORMATION ON BLACK COMMUNITIES AND THE FUTURE OF WORK, ENTREPRENEURSHIP, TECHNOLOGY, AND PROGRAMS THAT PROVIDE PATHWAYS TO ECONOMIC OPPORTUNITY AND SECURITY. THE ECONOMIC STUDIES PROGRAM ALSO EXPLORES AND INCUBATES NEW RESEARCH ISSUE AREAS.

    Expenses $2,026,422

  • POLITICAL STUDIES: THE JOINT CENTER'S POLITICAL STUDIES PROGRAM COLLECTS AND ANALYZES DATA, CONDUCTS SURVEY RESEARCH, PRODUCES POLICY RESEARCH AND ANALYSIS, WRITES AND PUBLISHES REPORTS AND FACT SHEETS, ORGANIZES EVENTS, AND DISSEMINATES INFORMATION ON CONGRESSIONAL STAFF DIVERSITY, AND OTHER ISSUES RELATED TO THE CIVIC ENGAGEMENT AND PARTICIPATION OF BLACK COMMUNITIES.

    Expenses $554,855

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

Listed in Part VII

  • Jessica Fulton Interim

    PRES THRU 2/24 & VICE PRES POLICY

    Total calculated
    $271,645
    From this org
    $249,738
    From related orgs
    $0
    Other
    $21,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,738
    Bonus
    $0
    Other
    $0
    Deferred
    $12,191
    Nontaxable benefits
    $9,716
    Filer's total
    $271,645
  • Dedrick Asante-Muhammad

    PRESIDENT SINCE 03/2024

    Total calculated
    $242,882
    From this org
    $242,309
    From related orgs
    $0
    Other
    $573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,309
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $573
    Filer's total
    $242,882
  • Paul Thornell

    CHAIR

    Total calculated
    $0
    Hours/week
    6
  • Kenneth Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Paula Boyd

    SECRETARY

    Total calculated
    $0
    Hours/week
    4
  • Jean-Phillipe Austin

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Leslie Boissiere

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Latosha Brown

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Michael Collins

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Brian Dixon

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Jason Grumet

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Chanelle Hardy

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Ashley Lewis

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Dr Safiya Noble

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Carla Thompson Payton

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Antonio Williams

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2
  • Opal Hawkins Financial Advisory Con

    CHIEF FINANCIAL OFFICER SINCE 11/24

    Total calculated
    $27,598
    From this org
    $26,346
    From related orgs
    $0
    Other
    $1,252
    Hours/week
    40
  • Chandra Hayslett Vice President

    COMMUNICATIONS THRU 11/24

    Total calculated
    $275,672
    From this org
    $259,199
    From related orgs
    $0
    Other
    $16,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,034
    Bonus
    $0
    Other
    $37,165
    Deferred
    $6,039
    Nontaxable benefits
    $10,434
    Filer's total
    $275,672
  • Quinci Moody Vice President Finance

    AND OPERATIONS THRU 11/24

    Total calculated
    $278,602
    From this org
    $259,882
    From related orgs
    $0
    Other
    $18,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,372
    Bonus
    $0
    Other
    $37,510
    Deferred
    $8,614
    Nontaxable benefits
    $10,106
    Filer's total
    $278,602
  • Lashonda Brenson

    SENIOR RESEARCHER

    Total calculated
    $180,281
    From this org
    $162,689
    From related orgs
    $0
    Other
    $17,592
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,689
    Bonus
    $0
    Other
    $0
    Deferred
    $8,084
    Nontaxable benefits
    $9,508
    Filer's total
    $180,281
  • Kayla Elliott

    DIRECTOR, WORKFORCE POLICY

    Total calculated
    $194,258
    From this org
    $173,759
    From related orgs
    $0
    Other
    $20,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,759
    Bonus
    $0
    Other
    $0
    Deferred
    $8,523
    Nontaxable benefits
    $11,976
    Filer's total
    $194,258
  • Danielle Davis

    DIRECTOR, TECHNOLOGY POLICY

    Total calculated
    $168,330
    From this org
    $159,000
    From related orgs
    $0
    Other
    $9,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,330
    Filer's total
    $168,330

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT: -CHANDRA HAYSLETT -$37,165 -QUINCI MOODY - $37,510

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
28 October 2025
IRS schema version
2024v5.2
Source object
202543019349302659

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