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← CENTER ON BUDGET AND POLICY PRIORITIES

Form 990 for tax year 2024

Filed by CENTER ON BUDGET AND POLICY PRIORITIES.

Totals

Total revenue
$52,523,656
Total expenses
$48,575,049
Contributions and grants received
$48,530,182
Grants paid
$10,726,910
Program service revenue
$913,179
Investment income
$3,079,239
Other revenue
$1,056
Total assets, end of year
$171,997,860
Total liabilities, end of year
$24,634,760
Net assets or fund balances, end of year
$147,363,100
Program services expenses (Part IX)
$42,182,591
Management and general expenses
$4,437,392
Fundraising expenses
$1,955,066
Program service expenses (Part III)
$42,182,591

Program services were 86.8% 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.

  • 1f · All other contributions, gifts and grants

    $48,530,182

  • 1g · Noncash contributions included above

    $21,703

  • 2a · Program service revenue: Contract income

    total $793,994 · related or exempt $793,994

  • 2b · Program service revenue: Conference & honoraria

    total $119,185 · related or exempt $119,185

  • 3 · Investment income

    total $3,067,265 · excluded $3,067,265

  • 7a · Gross sales of assets other than inventory

    securities $25,421,000

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

    securities $25,409,026

  • 7c · Gain or loss

    securities $11,974

  • 7d · Net gain or loss

    total $11,974 · excluded $11,974

  • 11a · Other revenue: Refunds and reimbursements

    total $1,056 · excluded $1,056

  • 11e · Other revenue, total

    $1,056

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,726,910 · program services $10,726,910

  • 5 · Compensation of officers, directors and key employees

    total $1,542,254 · program services $1,261,239 · management and general $176,318 · fundraising $104,697

  • 7 · Other salaries and wages

    total $18,081,563 · program services $14,784,856 · management and general $2,061,064 · fundraising $1,235,643

  • 8 · Pension plan contributions

    total $1,079,295 · program services $882,636 · management and general $123,390 · fundraising $73,269

  • 9 · Other employee benefits

    total $1,841,998 · program services $1,489,306 · management and general $229,490 · fundraising $123,202

  • 10 · Payroll taxes

    total $1,588,378 · program services $1,318,072 · management and general $168,793 · fundraising $101,513

  • 11b · Fees: legal

    total $95,804 · management and general $95,804

  • 11c · Fees: accounting

    total $489,329 · management and general $489,329

  • 11d · Fees: lobbying

    total $68,420 · program services $68,420

  • 11f · Fees: investment management

    total $61,631 · management and general $61,631

  • 11g · Fees: other

    total $6,558,966 · program services $6,244,900 · management and general $280,888 · fundraising $33,178

  • 13 · Office expenses

    total $467,898 · program services $346,477 · management and general $82,078 · fundraising $39,343

  • 14 · Information technology

    total $573,220 · program services $396,526 · management and general $149,349 · fundraising $27,345

  • 16 · Occupancy

    total $2,183,800 · program services $1,784,237 · management and general $250,340 · fundraising $149,223

  • 17 · Travel

    total $866,794 · program services $826,366 · management and general $24,305 · fundraising $16,123

  • 19 · Conferences, conventions and meetings

    total $1,350,288 · program services $1,295,674 · management and general $46,020 · fundraising $8,594

  • 22 · Depreciation, depletion and amortization

    total $389,686 · program services $318,366 · management and general $44,687 · fundraising $26,633

  • 23 · Insurance

    total $63,093 · management and general $63,093

  • 24a · Other expenses: Dues/subscriptions

    total $482,873 · program services $437,814 · management and general $28,818 · fundraising $16,241

  • 24b · Other expenses: Bad debt

    total $34,966 · management and general $34,966

  • 24c · Other expenses: Taxes/licenses

    total $27,883 · program services $792 · management and general $27,029 · fundraising $62

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,097,040 · end of year $9,227,231

  • 2 · Savings and temporary cash investments

    beginning of year $6,314,945 · end of year $2,733,941

  • 3 · Pledges and grants receivable

    beginning of year $35,116,466 · end of year $33,263,284

  • 4 · Accounts receivable

    beginning of year $115,089 · end of year $98,208

  • 9 · Prepaid expenses and deferred charges

    beginning of year $519,461 · end of year $510,650

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

    $5,303,202

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

    $2,450,419

  • 10c · Land, buildings and equipment, net

    beginning of year $3,198,036 · end of year $2,852,783

  • 11 · Investments: publicly traded securities

    beginning of year $96,196,602 · end of year $108,677,661

  • 15 · Other assets

    beginning of year $16,385,818 · end of year $14,634,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,362,055 · end of year $3,947,696

  • 25 · Other liabilities

    beginning of year $23,084,030 · end of year $20,687,064

  • 27 · Net assets without donor restrictions

    beginning of year $64,509,220 · end of year $75,634,857

  • 28 · Net assets with donor restrictions

    beginning of year $72,988,152 · end of year $71,728,243

Mission and programs · 2024

Mission

Promoting better public understanding, providing factual information and data, and analyzing impacts of government programs and policies that affect the lives of low and moderate income families and individuals at federal and state levels.

Activities or mission (Part I)

Conducting research and analysis to help promote greater public understanding of budget policies.

  • State fiscal and related projects: Performs research and analysis of state budget and tax policy with an emphasis on the effects of such policies on low and moderate income households and fosters development of state-level policy organizations.

    Expenses $20,703,034 · Grants $10,069,910 · Revenue $120,885

  • Low-income program and related projects: Performs research, analysis and development of strategies to improve federal policy and federal and state implementation of low-income programs. The Center also conducts policy analysis and promotes outreach strategies related to the earned income tax credit and the low-income component of the child tax credit.

    Expenses $8,896,417 · Grants $176,500 · Revenue $344,200

  • Federal fiscal policy and related projects: Performs research and analysis of federal budgets, tax policies and related issues, and trends in poverty and income distribution.

    Expenses $5,235,749 · Grants $480,500 · Revenue $144,994

  • Federal and state health projects: Works to improve the health of low-income families and individuals through research, improvements in program policies and operations, and outreach strategies to increase child and family health insurance coverage.

    Expenses $5,962,744 · Revenue $303,100

  • Organizational Initiatives: Includes work focused on longer-term policy development, enhancing staff development and capacity, and integrating race equity into our work.

    Expenses $1,384,647

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

Listed in Part VII

  • Ken Apfel

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Henry Aaron

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Kim Wallace

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Mayra E Alvarez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maria Cancian

    Director

    Total calculated
    $0
    Hours/week
    1

  • Henry A Coleman

    Director

    Total calculated
    $0
    Hours/week
    1

  • David de Ferranti

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Jimenez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lili Lynton

    Director

    Total calculated
    $0
    Hours/week
    1

  • C Lynn McNair

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ai-jen Poo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert D Reischaer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Samantha Tweedy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sharon Parrott

    President

    Total calculated
    $406,147
    From this org
    $352,602
    From related orgs
    $0
    Other
    $53,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,007
    Bonus
    $0
    Other
    $595
    Deferred
    $24,150
    Nontaxable benefits
    $29,395
    Filer's total
    $406,147

  • Lisa Bornstein

    COO and General Counsel thru 8/16/24

    Total calculated
    $333,538
    From this org
    $295,093
    From related orgs
    $0
    Other
    $38,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,782
    Bonus
    $0
    Other
    $112,311
    Deferred
    $12,988
    Nontaxable benefits
    $25,457
    Filer's total
    $333,538

  • Lynda Brooks

    Chief Financial officer

    Total calculated
    $255,379
    From this org
    $228,470
    From related orgs
    $0
    Other
    $26,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,954
    Bonus
    $0
    Other
    $516
    Deferred
    $15,341
    Nontaxable benefits
    $11,568
    Filer's total
    $255,379

  • Shannon Spillane Buckingham

    SVP Communications and Sr Counselor

    Total calculated
    $290,220
    From this org
    $239,010
    From related orgs
    $0
    Other
    $51,210
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,830
    Bonus
    $0
    Other
    $180
    Deferred
    $17,315
    Nontaxable benefits
    $33,895
    Filer's total
    $290,220

  • Peggy Bailey

    Exec VP Policy & Program Development

    Total calculated
    $256,970
    From this org
    $229,308
    From related orgs
    $0
    Other
    $27,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,032
    Bonus
    $0
    Other
    $276
    Deferred
    $16,281
    Nontaxable benefits
    $11,381
    Filer's total
    $256,970

  • Ellen Nissenbaum

    Senior VP - Government Affairs

    Total calculated
    $303,284
    From this org
    $272,020
    From related orgs
    $0
    Other
    $31,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,496
    Bonus
    $0
    Other
    $1,524
    Deferred
    $19,196
    Nontaxable benefits
    $12,068
    Filer's total
    $303,284

  • Charles Marr

    VP - Federal Tax Policy

    Total calculated
    $259,005
    From this org
    $240,239
    From related orgs
    $0
    Other
    $18,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,447
    Bonus
    $0
    Other
    $792
    Deferred
    $16,766
    Nontaxable benefits
    $2,000
    Filer's total
    $259,005

  • Joel Friedman

    Senior VP - Federal Fiscal Policy

    Total calculated
    $283,294
    From this org
    $239,931
    From related orgs
    $0
    Other
    $43,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,407
    Bonus
    $0
    Other
    $1,524
    Deferred
    $17,106
    Nontaxable benefits
    $26,257
    Filer's total
    $283,294

  • Allison Orris

    Senior Fellow

    Total calculated
    $260,862
    From this org
    $231,166
    From related orgs
    $0
    Other
    $29,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,890
    Bonus
    $0
    Other
    $276
    Deferred
    $16,428
    Nontaxable benefits
    $13,268
    Filer's total
    $260,862

  • Michael Leachman

    Senior Vice President of SFP

    Total calculated
    $275,085
    From this org
    $229,380
    From related orgs
    $0
    Other
    $45,705
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,864
    Bonus
    $0
    Other
    $516
    Deferred
    $16,310
    Nontaxable benefits
    $29,395
    Filer's total
    $275,085

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 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
Lisa Bornstein, COO and General Counsel through 8/16/24, received severance in the amount of $111,934 in 2024 W-2 compensation.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.2
Source object
202502819349302060

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

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