Form 990 for tax year 2022
Filed by POTOMAC INSTITUTE FOR POLICY STUDIES.
Totals
- Total revenue
- $13,330,733
- Total expenses
- $13,214,756
- Contributions and grants received
- $25,000
- Grants paid
- $0
- Program service revenue
- $13,302,140
- Investment income
- $2,727
- Other revenue
- $866
- Total assets, end of year
- $22,233,192
- Total liabilities, end of year
- $17,493,744
- Net assets or fund balances, end of year
- $4,739,448
- Program services expenses (Part IX)
- $12,957,523
- Management and general expenses
- $257,233
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,957,523
Program services were 98.1% 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
$25,000
-
2a · Program service revenue: CONTRACT FEES
total $13,232,438 · related or exempt $13,232,438
-
2b · Program service revenue: EDUCATION PROGRAMS
total $46,319 · related or exempt $46,319
-
2c · Program service revenue: NAVIGATOR/MEMBERSHIP
total $23,383 · related or exempt $23,383
-
3 · Investment income
total $2,727 · excluded $2,727
-
11a · Other revenue: OTHER
total $866 · excluded $866
-
11e · Other revenue, total
$866
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $868,225 · program services $560,769 · management and general $307,456
-
7 · Other salaries and wages
total $3,950,964 · program services $2,740,479 · management and general $1,210,485
-
8 · Pension plan contributions
total $216,884 · management and general $216,884
-
9 · Other employee benefits
total $1,546,799 · management and general $1,546,799
-
10 · Payroll taxes
total $358,733 · management and general $358,733
-
11c · Fees: accounting
total $35,865 · management and general $35,865
-
11g · Fees: other
total $405,522 · program services $173,773 · management and general $231,749
-
13 · Office expenses
total $30,105 · program services $15,370 · management and general $14,735
-
16 · Occupancy
total $1,527,329 · management and general $1,527,329
-
17 · Travel
total $72,747 · program services $66,535 · management and general $6,212
-
19 · Conferences, conventions and meetings
total $11,931 · program services $8,118 · management and general $3,813
-
22 · Depreciation, depletion and amortization
total $100,782 · management and general $100,782
-
23 · Insurance
total $2,221 · management and general $2,221
-
24a · Other expenses: MGA & OH ALLOC TO PROGM
total $5,873,096 · program services $5,873,096
-
24b · Other expenses: SUBCONTRACTORS
total $3,480,810 · program services $3,480,810
-
24c · Other expenses: PROJECT UNALLOCABLE EXP
total $210,677 · management and general $210,677
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $140,033 · program services $210 · management and general $139,823
-
24e · All other expenses
total -$5,617,967 · program services $38,363 · management and general -$5,656,330
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $580,553
-
2 · Savings and temporary cash investments
beginning of year $3,686,559 · end of year $3,007,239
-
4 · Accounts receivable
beginning of year $1,193,045 · end of year $1,961,467
-
10a · Land, buildings and equipment: cost or other basis
$1,929,469
-
10b · Land, buildings and equipment: accumulated depreciation
$1,891,892
-
10c · Land, buildings and equipment, net
beginning of year $138,362 · end of year $37,577
-
15 · Other assets
beginning of year $724,072 · end of year $16,646,356
-
17 · Accounts payable and accrued expenses
beginning of year $329,047 · end of year $1,074,640
-
20 · Tax-exempt bond liabilities
end of year $770,011
-
25 · Other liabilities
beginning of year $1,288,549 · end of year $15,649,093
-
27 · Net assets without donor restrictions
beginning of year $4,124,442 · end of year $4,739,448
Mission and programs · 2022
Mission
THE POTOMAC INSTITUTE FOR POLICY STUDIES IS AN INDEPENDENT, NONPARTISAN, NOT-FOR-PROFIT, SCIENCE AND TECHNOLOGY (S&T) POLICY RESEARCH INSTITUTE. THE INSTITUTE IDENTIFIES AND LEADS DISCUSSIONS ON KEY S&T AND NATIONAL SECURITY ISSUES (CONTINUED SCHEDULE O) FACING OUR SOCIETY, PROVIDING AN ACADEMIC FORUM FOR THE STUDY OF RELATED POLICY ISSUES. BASED ON DATA AND EVIDENCE, WE DEVELOP MEANINGFUL POLICY RECOMMENDATIONS AND ENSURE THEIR IMPLEMENTATION AT THE INTERSECTION OF BUSINESS AND GOVERNMENT.
Activities or mission (Part I)
CONTRACT RESEARCH & STUDIES OF SCIENTIFIC TECHNOLOGY & POLICY.
-
THE INSTITUTE ASSISTED THE FEDERAL GOVERNMENT AND PRIVATE INDUSTRY IN DEVELOPING SCIENTIFIC & TECHNOLOGY POLICIES, INCLUDING STRATEGIC PLANNING, TECHNICAL EVALUATION, AND TECHNICAL SUPPORT.
Expenses $12,957,523 · Revenue $13,302,140
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gen Alfred M Gray Usmc RetGEN ALFRED M GRAY USMC RET
CHAIR
- Total calculated
- $151,000
- From this org
- $151,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $151,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $151,000
-
Jennifer M Buss PhDJENNIFER M BUSS PHD
CEO
- Total calculated
- $339,263
- From this org
- $319,190
- From related orgs
- $0
- Other
- $20,073
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $319,190
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $20,073
- Filer's total
- $339,263
-
Gail G Clifford CPAGAIL G CLIFFORD CPA
VP FOR FINANCIAL MGMT
- Total calculated
- $302,050
- From this org
- $272,056
- From related orgs
- $0
- Other
- $29,994
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $272,056
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $29,994
- Filer's total
- $302,050
-
Gary L SojkaGARY L SOJKA
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Lyle A Cox Jr PhDLYLE A COX JR PHD
DIRECTOR
- Total calculated
- $60,000
- From this org
- $60,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Theodore GlumTHEODORE GLUM
DIRECTOR
- Total calculated
- $59,500
- From this org
- $59,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Howard K SchueHOWARD K SCHUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
John Y Young JrJOHN Y YOUNG JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Carmen FarroCARMEN FARRO
EMPLOYEE
- Total calculated
- $227,672
- From this org
- $189,087
- From related orgs
- $0
- Other
- $38,585
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,087
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $38,585
- Filer's total
- $227,672
-
Robert HummelROBERT HUMMEL
EMPLOYEE
- Total calculated
- $239,563
- From this org
- $203,822
- From related orgs
- $0
- Other
- $35,741
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $203,822
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $35,741
- Filer's total
- $239,563
-
Miriam JacksonMIRIAM JACKSON
EMPLOYEE
- Total calculated
- $185,531
- From this org
- $176,114
- From related orgs
- $0
- Other
- $9,417
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,114
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,417
- Filer's total
- $185,531
-
Gordon O'NeillGORDON O'NEILL
EMPLOYEE
- Total calculated
- $196,551
- From this org
- $178,153
- From related orgs
- $0
- Other
- $18,398
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,153
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $18,398
- Filer's total
- $196,551
-
Curtis PearsonCURTIS PEARSON
EMPLOYEE
- Total calculated
- $264,762
- From this org
- $233,529
- From related orgs
- $0
- Other
- $31,233
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,529
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $31,233
- Filer's total
- $264,762
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
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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
- 2022
- Filed
- 24 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312989349301221
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.