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← PUBLIC SERVICE EDUCATION INSTITUTE (PSEI)

Form 990 for tax year 2023

Filed by PUBLIC SERVICE EDUCATION INSTITUTE (PSEI).

Totals

Total revenue
$137,288
Total expenses
$2,723,299
Contributions and grants received
$0
Grants paid
$2,051,000
Program service revenue
$0
Investment income
$137,267
Other revenue
$21
Total assets, end of year
$2,059,041
Total liabilities, end of year
$23,630
Net assets or fund balances, end of year
$2,035,411
Program services expenses (Part IX)
$2,231,672
Management and general expenses
$491,627
Fundraising expenses
$0
Program service expenses (Part III)
$2,231,672

Program services were 81.9% 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.

  • 3 · Investment income

    total $137,267 · excluded $137,267

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $21 · related or exempt $21

  • 11e · Other revenue, total

    $21

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,051,000 · program services $2,051,000

  • 5 · Compensation of officers, directors and key employees

    total $183,518 · program services $165,166 · management and general $18,352

  • 7 · Other salaries and wages

    total $5,293 · program services $4,764 · management and general $529

  • 9 · Other employee benefits

    total $11,935 · program services $10,742 · management and general $1,193

  • 10 · Payroll taxes

    total $3,495 · management and general $3,495

  • 11b · Fees: legal

    total $65,890 · management and general $65,890

  • 11c · Fees: accounting

    total $8,206 · management and general $8,206

  • 11g · Fees: other

    total $27,556 · management and general $27,556

  • 13 · Office expenses

    total $4,644 · management and general $4,644

  • 17 · Travel

    total $81 · management and general $81

  • 23 · Insurance

    total $63,071 · management and general $63,071

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $298,610 · management and general $298,610

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $322,519 · end of year $65,110

  • 4 · Accounts receivable

    beginning of year $584,599 · end of year $5,307

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,160 · end of year $31,645

  • 11 · Investments: publicly traded securities

    beginning of year $3,703,334 · end of year $1,956,979

  • 17 · Accounts payable and accrued expenses

    beginning of year $108,711 · end of year $23,630

  • 27 · Net assets without donor restrictions

    beginning of year $4,584,901 · end of year $2,035,411

Mission and programs · 2023

Mission

PUBLIC SERVICE EDUCATION INSTITUTE (PSEI) IS THE TRUSTED PARTNER FOR ENHANCING WORKFORCE PERFORMANCE, ADVANCING CAREERS, AND ENABLING ORGANIZATIONS TO ACHIEVE THEIR MISSIONS.

Activities or mission (Part I)

DEVELOP & ADMINISTER ACTIVITIES FOR EDUCATIONAL IMPROVEMENT & INCREASE EMPLOYEE PRODUCTIVITY.

  • EDUCATION & TRAINING:PUBLIC SERVICE EDUCATION INSTITUTE (PSEI)SUPPORTS NON-PROFIT ORGANIZATIONS THAT PROVIDE EDUCATION AND TRAINING OPPORTUNITIES TO ASPIRING AND SEASONED PROFESSIONALS TO PREPARE INDIVIDUALS TO ENTER AND ADVANCE IN CAREERS IN GOVERNMENT, AND OTHER POSITIONS WITH PRIVATE AND NOT-FOR-PROFIT ORGANIZATIONS.

    Expenses $2,231,672 · Grants $2,051,000

As filed on the 2023 return.

Listed in Part VII

  • Merle Pierson

    PRESIDENT/CHAIR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Michael Lambert

    SECRETARY/TRUSTEE

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Constance Newman

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Roger Clark

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Linda Eaglefeather

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Allyson Burton

    TREASURER

    Total calculated
    $135,935
    From this org
    $105,900
    From related orgs
    $0
    Other
    $30,035
    Hours/week
    30

  • John Maykoski

    FORMER PRESIDENT/CEO - UNTIL 5/2023

    Total calculated
    $115,989
    From this org
    $112,535
    From related orgs
    $0
    Other
    $3,454
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $112,535
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,454
    Filer's total
    $115,989

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 · 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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
12 December 2024
IRS schema version
2023v5.1
Source object
202433539349301023

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