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← INSTITUTE FOR POLICY STUDIES

Form 990 for tax year 2022

Filed by INSTITUTE FOR POLICY STUDIES.

Totals

Total revenue
$5,782,644
Total expenses
$5,367,847
Contributions and grants received
$5,533,777
Grants paid
$686,508
Program service revenue
$164,411
Investment income
$88,913
Other revenue
-$4,457
Total assets, end of year
$12,708,680
Total liabilities, end of year
$2,791,448
Net assets or fund balances, end of year
$9,917,232
Program services expenses (Part IX)
$4,740,571
Management and general expenses
$260,635
Fundraising expenses
$366,641
Program service expenses (Part III)
$4,740,571

Program services were 88.3% 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.

  • 1c · Fundraising events

    $28,400

  • 1f · All other contributions, gifts and grants

    $5,505,377

  • 1g · Noncash contributions included above

    $76,050

  • 2a · Program service revenue: CONTRACT INCOME

    total $164,411 · related or exempt $164,411

  • 3 · Investment income

    total $43,860 · excluded $43,860

  • 6a · Gross rents

    real property $54,412

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $54,412

  • 6d · Net rental income or loss

    total $54,412 · excluded $54,412

  • 7a · Gross sales of assets other than inventory

    securities $2,415,502

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

    securities $2,370,449

  • 7c · Gain or loss

    securities $45,053

  • 7d · Net gain or loss

    total $45,053 · excluded $45,053

  • 8a · Fundraising events: gross income

    $3,725

  • 8a · Fundraising events: contributions included on line 1c

    $28,400

  • 8b · Fundraising events: direct expenses

    $38,841

  • 8c · Net income from fundraising events

    total -$35,116 · excluded -$35,116

  • 11a · Other revenue: OTHER

    total $2,500 · excluded $2,500

  • 11b · Other revenue: CHANGE IN VALUE OF SPLIT-INTEREST

    total -$9,411 · excluded -$9,411

  • 11c · Other revenue: FOREIGN EXCHANGE INCOME (LOSS)

    total -$16,842 · excluded -$16,842

  • 11e · Other revenue, total

    -$23,753

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $528,800 · program services $528,800

  • 3 · Grants to foreign organizations and individuals

    total $157,708 · program services $157,708

  • 5 · Compensation of officers, directors and key employees

    total $255,730 · program services $189,024 · management and general $49,607 · fundraising $17,099

  • 7 · Other salaries and wages

    total $2,112,437 · program services $1,561,421 · management and general $409,774 · fundraising $141,242

  • 8 · Pension plan contributions

    total $28,390 · program services $20,985 · management and general $5,507 · fundraising $1,898

  • 9 · Other employee benefits

    total $257,588 · program services $190,398 · management and general $49,967 · fundraising $17,223

  • 10 · Payroll taxes

    total $197,750 · program services $146,168 · management and general $38,360 · fundraising $13,222

  • 11b · Fees: legal

    total $18,449 · management and general $18,449

  • 11c · Fees: accounting

    total $138,958 · management and general $138,958

  • 11g · Fees: other

    total $914,509 · program services $871,251 · management and general $5,311 · fundraising $37,947

  • 12 · Advertising and promotion

    total $14,426 · program services $5,232 · management and general $7,199 · fundraising $1,995

  • 13 · Office expenses

    total $8,029 · program services $3,158 · management and general $4,665 · fundraising $206

  • 14 · Information technology

    total $123,237 · program services $20,910 · management and general $55,475 · fundraising $46,852

  • 16 · Occupancy

    total $340,566 · program services $7,185 · management and general $333,381

  • 17 · Travel

    total $39,931 · program services $21,756 · management and general $1,463 · fundraising $16,712

  • 19 · Conferences, conventions and meetings

    total $8,859 · program services $3,213 · management and general $4,421 · fundraising $1,225

  • 20 · Interest

    total $21,288 · program services $7,721 · management and general $10,623 · fundraising $2,944

  • 22 · Depreciation, depletion and amortization

    total $53,160 · management and general $53,160

  • 23 · Insurance

    total $27,741 · management and general $27,741

  • 24a · Other expenses: TELECOMMUNICATIONS

    total $35,500 · program services $13,884 · management and general $19,405 · fundraising $2,211

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $21,118 · management and general $21,118

  • 24c · Other expenses: PRESS CLIPS

    total $13,166 · program services $4,775 · management and general $6,570 · fundraising $1,821

  • 24d · Other expenses: PRINTING AND COPYING

    total $10,393 · program services $7,337 · management and general $262 · fundraising $2,794

  • 24e · All other expenses

    total $40,114 · program services $979,645 · management and general -$1,000,781 · fundraising $61,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,190,404 · end of year $1,906,459

  • 2 · Savings and temporary cash investments

    beginning of year $1,682,470 · end of year $1,072,906

  • 3 · Pledges and grants receivable

    beginning of year $1,449,722 · end of year $1,618,054

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,873 · end of year $166,352

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

    $670,352

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

    $476,912

  • 10c · Land, buildings and equipment, net

    beginning of year $246,600 · end of year $193,440

  • 11 · Investments: publicly traded securities

    beginning of year $7,605,702 · end of year $6,643,240

  • 15 · Other assets

    beginning of year $670 · end of year $1,108,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $258,008 · end of year $375,076

  • 19 · Deferred revenue

    beginning of year $0 · end of year $3,000

  • 25 · Other liabilities

    beginning of year $1,865,269 · end of year $2,413,372

  • 27 · Net assets without donor restrictions

    beginning of year $3,163,312 · end of year $1,398,556

  • 28 · Net assets with donor restrictions

    beginning of year $8,044,852 · end of year $8,518,676

Mission and programs · 2022

Mission

THE INSTITUTE FOR POLICY STUDIES (THE INSTITUTE) IS A 59-YEAR-OLD ORGANIZATION THAT IS DEDICATED TO BUILDING A MORE EQUITABLE, ECOLOGICALLY SUSTAINABLE, AND PEACEFUL SOCIETY. IN PARTNERSHIP WITH DYNAMIC SOCIAL MOVEMENTS, IT TURNS TRANSFORMATIVE POLICY IDEAS INTO ACTION.

Activities or mission (Part I)

STRENGTHEN SOCIAL MOVEMENTS WITH INDEPENDENT RESEARCH AND VISIONARY THINKING.

  • NEW ECONOMY - IPS HAS BEEN A LEADER IN STRENGTHENING RESPONSES TO THE GLOBAL ECONOMY BY PROVIDING RESEARCH, WRITING AND COMMUNICATION. THIS PROJECT HAS PRODUCED COUNTLESS RESEARCH REPORTS, ARTICLES, FORUMS, AND BOOKS.

    Expenses $1,925,285 · Grants $239,795

  • COMMON SECURITY - THIS PROJECT WORKS TO COMBAT ECONOMIC INEQUALITY, ACHIEVE CLIMATE JUSTICE, AND BUILD PEACE REQUIRING SOLUTIONS DESIGNED TO DISMANTLE SYSTEMIC RACISM. IT'S FOCUSED ON FOREIGN POLICY BASED ON HUMAN RIGHTS, INTERNATIONAL LAW, AND DIPLOMACY OVER MILITARY INTERVENTION.

    Expenses $1,029,100 · Grants $161,971

  • AFFILIATES - THE ECONOMIC HARDSHIP REPORTING PROJECT - THE ECONOMIC HARDSHIP REPORTING PROJECT (EHRP) IS A FISCALLY-SPONSORED PROJECT OF THE INSTITUTE DEVOTED TO IMMERSIVE JOURNALISM ABOUT ECONOMIC STRUGGLE. EHRP SUPPORTS ARTICLES, PHOTOGRAPHY, AUDIO AND VIDEO, AND SEEKS TO COMMISSION PIECES FROM JOURNALISTS WHO ARE FINANCIALLY ON THE EDGE AND CAN SPEAK FROM THEIR EXPERIENCE.

    Expenses $612,957 · Revenue $164,411

  • COMMUNICATIONS - INEQUALITY.ORG - INEQUALITY.ORG IS THE PREMIER PORTALFOR THE PUBLIC AT LARGE, JOURNALISTS, TEACHERS, STUDENTS, ACADEMICS,ACTIVISTS, AND ANY OTHERS SEEKING INFORMATION AND ANALYSIS ON WEALTHAND INCOME INEQUALITY. ULTIMATELY, THE INSTITUTE'S MISSION IS TO CREATEAND CURATE HIGH-QUALITY RESEARCH AND INFORMATION, ALONG WITH COMPELLINGSTORIES, WITH THE GOAL OF ENDING ECONOMIC INEQUALITY IN THE U.S. ANDABROAD. OTHERWORDS - OTHERWORDS IS A FREE, NON-PROFIT EDITORIAL SERVICETHAT DISTRIBUTES PROGRESSIVE COMMENTARIES TO HEARTLAND NEWSPAPERSACROSS THE UNITED STATES. FOREIGN POLICY IN FOCUS - FOREIGN POLICY INFOCUS (FPIF) IS A "THINK TANK WITHOUT WALLS" CONNECTING THE RESEARCHAND ACTION OF MORE THAN 600 SCHOLARS, ADVOCATES, AND ACTIVISTS SEEKINGTO MAKE THE UNITED STATES A MORE RESPONSIBLE GLOBAL PARTNER. FPIFPROVIDES TIMELY ANALYSIS OF U.S. FOREIGN POLICY AND INTERNATIONALAFFAIRS AND RECOMMENDS POLICY ALTERNATIVES.

    Expenses $697,900 · Grants $255,942

  • SPECIAL PROJECTS - THE INSTITUTE NURTURED THE DEVELOPMENT OF SEVERALPROJECTS WORKING TO BUILD A MORE JUST, PEACEFUL, AND SUSTAINABLE WORLDIN THE U.S. AND AROUND THE GLOBE.

    Expenses $254,917 · Grants $28,800

  • NEXT LEADERS - THE NEXT LEADERS PROGRAM BRINGS IN 10-15 NEXT LEADER INTERNS EACH YEAR FOR 10 WEEK PAID INTERNSHIPS, WITH AN EMPHASIS ON LOW-INCOME STUDENTS AND PEOPLE OF COLOR.

    Expenses $220,412

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarita Gupta

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • John Pomeranz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Burke Stansbury

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Lewis Steel

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    0.5

  • John Cavanagh

    SENIOR ADVISOR

    Total calculated
    $91,783
    From this org
    $70,000
    From related orgs
    $0
    Other
    $21,783
    Hours/week
    37.5

  • Heidi Peltier

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • James Early

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Noura Erakat

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jodie Evans

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Katrina Vanden Heuvel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Andy Shallal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Khury Petersen-Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Danny Glover

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Borosage

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tope Folarin

    EXECUTIVE DIRECTOR

    Total calculated
    $163,946
    From this org
    $143,097
    From related orgs
    $0
    Other
    $20,849
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $143,097
    Bonus
    $0
    Other
    $0
    Deferred
    $3,209
    Nontaxable benefits
    $17,640
    Filer's total
    $163,946

  • Sulma Arias

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Harry Belafonte

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kathleen Gaspard

    DEPUTY DIRECTOR

    Total calculated
    $111,890
    From this org
    $111,157
    From related orgs
    $0
    Other
    $733
    Hours/week
    37.5

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 · Written employment contract
  • 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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349308233

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