Totals
- Total revenue
- $1,925,150
- Total expenses
- $1,061,569
- Contributions and grants received
- $1,505,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $420,150
- Other revenue
- $0
- Total assets, end of year
- $12,743,128
- Total liabilities, end of year
- $240,777
- Net assets or fund balances, end of year
- $12,502,351
- Program services expenses (Part IX)
- $1,013,509
- Management and general expenses
- $45,871
- Fundraising expenses
- $2,189
- Program service expenses (Part III)
- $1,013,509
Program services were 95.5% 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
$1,505,000
-
3 · Investment income
total $420,150 · excluded $420,150
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $86,837 · program services $84,874 · fundraising $1,963
-
7 · Other salaries and wages
total $178,701 · program services $171,227 · management and general $7,474
-
8 · Pension plan contributions
total $14,060 · program services $13,567 · management and general $493
-
9 · Other employee benefits
total $10,654 · program services $10,290 · management and general $327 · fundraising $37
-
10 · Payroll taxes
total $17,596 · program services $17,034 · management and general $499 · fundraising $63
-
11c · Fees: accounting
total $6,086 · management and general $6,086
-
11g · Fees: other
total $627,117 · program services $626,548 · management and general $569
-
12 · Advertising and promotion
total $61,273 · program services $61,273
-
13 · Office expenses
total $2,251 · program services $2,194 · management and general $49 · fundraising $8
-
14 · Information technology
total $1,244 · management and general $1,244
-
16 · Occupancy
total $19,007 · program services $18,594 · management and general $295 · fundraising $118
-
17 · Travel
total $7,096 · program services $7,096
-
19 · Conferences, conventions and meetings
total $812 · program services $812
-
23 · Insurance
total $3,234 · management and general $3,234
-
24a · Other expenses: BAD DEBT EXPENSE
total $25,191 · management and general $25,191
-
24b · Other expenses: MISCELLANEOUS
total $410 · management and general $410
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $496,407 · end of year $386,398
-
2 · Savings and temporary cash investments
beginning of year $10,240,849 · end of year $11,151,416
-
3 · Pledges and grants receivable
beginning of year $60,000 · end of year $255,000
-
4 · Accounts receivable
beginning of year $147,529 · end of year $193,493
-
9 · Prepaid expenses and deferred charges
beginning of year $1,887 · end of year $1,886
-
11 · Investments: publicly traded securities
beginning of year $555,564 · end of year $754,935
-
17 · Accounts payable and accrued expenses
beginning of year $58,272 · end of year $240,777
-
27 · Net assets without donor restrictions
beginning of year $2,137,688 · end of year $2,752,643
-
28 · Net assets with donor restrictions
beginning of year $9,306,276 · end of year $9,749,708
Mission and programs · 2024
Mission
FIX THE DEBT COALITION, INC. IS ORGANIZED AND OPERATED TO EDUCATE AMERICANS ON THE IMPORTANCE OF ADDRESSING OUR NATION'S DEBT CHALLENGES.
Activities or mission (Part I)
TO FURTHER SOCIAL WELFARE PURPOSES THROUGH EDUCATING AMERICANS ON THE IMPORTANCE OF ADDRESSING OUR NATION'S DEBT CHALLENGES AND ADVOCATING FOR RESPONSIBLE APPROACHES TO THIS CRISIS.
-
PUBLIC ENGAGEMENT - THE PUBLIC ENGAGEMENT TEAM WORKS WITH CIVIC, EDUCATIONAL, BUSINESS AND ECONOMIC GROUPS AND THE MEDIA TO EDUCATE AND ENGAGE THE PUBLIC ABOUT THE NATION'S LONG-TERM FISCAL CHALLENGES.
Expenses $892,172
-
LEGISLATIVE - THE LEGISLATIVE TEAM EDUCATED AND ADVOCATED LAWMAKERS REGARDING DEVELOPMENT OF A BIPARTISAN FISCAL COMMISSION.
Expenses $121,337
As filed on the 2024 return.
Listed in Part VII
-
Timothy PennyTIMOTHY PENNY
SECRETARY, DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tom TaukeTOM TAUKE
TREASURER, DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dave McCurdyDAVE MCCURDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rudy PennerRUDY PENNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ed RendellED RENDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maya MacguineasMAYA MACGUINEAS
PRESIDENT
- Total calculated
- $798,688
- From this org
- $0
- From related orgs
- $741,572
- Other
- $57,116
- Hours/week
- 1.8 + 38.2 related
Schedule J breakdown matched by us
- Base
- $0 + $535,875 related
- Bonus
- $0 + $205,697 related
- Other
- $0
- Deferred
- $0 + $41,400 related
- Nontaxable benefits
- $0 + $15,716 related
- Filer's total
- $0 + $798,688 related
-
Marc L GoldweinMARC L GOLDWEIN
SVP AND SENIOR POLICY DIRECTOR
- Total calculated
- $301,412
- From this org
- $0
- From related orgs
- $257,761
- Other
- $43,651
- Hours/week
- 1.8 + 38.2 related
Schedule J breakdown matched by us
- Base
- $0 + $244,011 related
- Bonus
- $0 + $13,750 related
- Other
- $0
- Deferred
- $0 + $31,520 related
- Nontaxable benefits
- $0 + $12,131 related
- Filer's total
- $0 + $301,412 related
-
Michael V MurphyMICHAEL V MURPHY
SVP AND CHIEF OF STAFF
- Total calculated
- $243,431
- From this org
- $0
- From related orgs
- $211,060
- Other
- $32,371
- Hours/week
- 7.8 + 32.2 related
Schedule J breakdown matched by us
- Base
- $0 + $200,930 related
- Bonus
- $0 + $10,130 related
- Other
- $0
- Deferred
- $0 + $25,729 related
- Nontaxable benefits
- $0 + $6,642 related
- Filer's total
- $0 + $243,431 related
-
Simone G FrankSIMONE G FRANK
SENIOR ADVISOR, FINANCE
- Total calculated
- $286,068
- From this org
- $0
- From related orgs
- $231,157
- Other
- $54,911
- Hours/week
- 0.8 + 31.2 related
Schedule J breakdown matched by us
- Base
- $0 + $160,769 related
- Bonus
- $0 + $70,388 related
- Other
- $0
- Deferred
- $0 + $29,900 related
- Nontaxable benefits
- $0 + $25,011 related
- Filer's total
- $0 + $286,068 related
-
Adam ShifrissADAM SHIFRISS
SR. DIR. LEGISLATIVE STRATEGIST
- Total calculated
- $194,277
- From this org
- $0
- From related orgs
- $161,771
- Other
- $32,506
- Hours/week
- 3.3 + 36.7 related
Schedule J breakdown matched by us
- Base
- $0 + $161,771 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $20,992 related
- Nontaxable benefits
- $0 + $11,514 related
- Filer's total
- $0 + $194,277 related
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
None.
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE COMMITTEE FOR A RELATED ORGANIZATION, COMMITTEE FOR A RESPONSIBLE FEDERAL BUDGET, EVALUATES AND DETERMINES THE PRESIDENT'S COMPENSATION. THE LAST TIME A REVIEW WAS COMPLETED FOR THE PRESIDENT'S SALARY WAS DURING DECEMBER 2024. THE PRESIDENT REVIEWS AND DETERMINES THE SALARIES OF ALL OTHER EMPLOYEES.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
COMMITTEE FOR A RESPONSIBLE FEDERAL BUDGET
501(C)(3) · EDUCATING PUBLIC ABOUT ISSUES WITH SIGNIFICANT FISCAL POLICY IMPACT · DC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541699349301759
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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