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← POTOMAC INSTITUTE FOR POLICY STUDIES

Form 990 for tax year 2023

Filed by POTOMAC INSTITUTE FOR POLICY STUDIES.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 14 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$11,664,892 changed to $11,896,578
Total expenses
$12,655,128 changed to $13,157,107
Program service revenue
$11,661,280 changed to $11,455,647
Other revenue
$1,090 changed to $438,409
Total assets, end of year
$19,873,843 changed to $19,724,075
Total liabilities, end of year
$16,124,631 changed to $16,245,156
Net assets or fund balances, end of year
$3,749,212 changed to $3,478,919
Program services expenses
$12,432,052 changed to $12,654,905
Management and general expenses
$223,076 changed to $502,202
Program service expenses (Part III)
$12,432,052 changed to $12,654,905

Listed only on the earlier return

  • Mirium Jackson

Listed only on the later return

  • Miriam Jackson

Totals

Total revenue
$11,664,892
Total expenses
$12,655,128
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,661,280
Investment income
$2,522
Other revenue
$1,090
Total assets, end of year
$19,873,843
Total liabilities, end of year
$16,124,631
Net assets or fund balances, end of year
$3,749,212
Program services expenses (Part IX)
$12,432,052
Management and general expenses
$223,076
Fundraising expenses
$0
Program service expenses (Part III)
$12,432,052

Program services were 98.2% 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.

  • 2a · Program service revenue: CONTRACT FEES

    total $11,528,281 · related or exempt $11,528,281

  • 2b · Program service revenue: NAVIGATOR/MEMBERSHIP

    total $91,481 · related or exempt $91,481

  • 2c · Program service revenue: EDUCATION PROGRAMS

    total $41,518 · related or exempt $41,518

  • 3 · Investment income

    total $2,522 · excluded $2,522

  • 11a · Other revenue: OTHER

    total $1,090 · excluded $1,090

  • 11e · Other revenue, total

    $1,090

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $533,101 · program services $345,390 · management and general $187,711

  • 6 · Compensation of disqualified persons

    total $304,600 · program services $222,358 · management and general $82,242

  • 7 · Other salaries and wages

    total $3,894,756 · program services $2,509,755 · management and general $1,385,001

  • 8 · Pension plan contributions

    total $219,976 · management and general $219,976

  • 9 · Other employee benefits

    total $1,599,087 · management and general $1,599,087

  • 10 · Payroll taxes

    total $371,237 · management and general $371,237

  • 11c · Fees: accounting

    total $41,800 · management and general $41,800

  • 11g · Fees: other

    total $683,967 · program services $381,475 · management and general $302,492

  • 13 · Office expenses

    total $23,341 · management and general $23,341

  • 16 · Occupancy

    total $1,493,469 · management and general $1,493,469

  • 17 · Travel

    total $98,954 · program services $94,662 · management and general $4,292

  • 19 · Conferences, conventions and meetings

    total $17,774 · program services $16,921 · management and general $853

  • 22 · Depreciation, depletion and amortization

    total $34,429 · management and general $34,429

  • 23 · Insurance

    total $48,278 · management and general $48,278

  • 24a · Other expenses: SUBCONTRACTORS

    total $2,590,364 · program services $2,590,364

  • 24b · Other expenses: OTHER

    total $336,951 · management and general $336,951

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $176,110 · program services $17,228 · management and general $158,882

  • 24d · Other expenses: BANKING FEES

    total $56,205 · management and general $56,205

  • 24e · All other expenses

    total $130,729 · program services $6,253,899 · management and general -$6,123,170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $580,553 · end of year $1,535

  • 2 · Savings and temporary cash investments

    beginning of year $3,007,239 · end of year $2,607,859

  • 4 · Accounts receivable

    beginning of year $1,961,467 · end of year $1,804,602

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

    $1,929,469

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

    $1,926,321

  • 10c · Land, buildings and equipment, net

    beginning of year $37,577 · end of year $3,148

  • 15 · Other assets

    beginning of year $16,646,356 · end of year $15,456,699

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,074,640 · end of year $575,788

  • 20 · Tax-exempt bond liabilities

    beginning of year $770,011

  • 25 · Other liabilities

    beginning of year $15,649,093 · end of year $15,548,843

  • 27 · Net assets without donor restrictions

    beginning of year $4,739,448 · end of year $3,749,212

Mission and programs · 2023

Mission

PIPS IS AN INDEPENDENT,NONPARTISAN,NON-PROFIT, SCIENCE AND TECHNOLOGY (S&T) POLICY RESEARCH INSTITUTE. THE INSTITUTE IDENTIFIES AND LEADS DISCUSSIONS ON KEY S&T AND NATIONAL SECURITY (CONTINUED ON SCHEDULE O)

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 $12,432,052 · Revenue $11,661,280

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer M Buss PhD

    CEO, ACTING

    Total calculated
    $412,815
    From this org
    $365,145
    From related orgs
    $0
    Other
    $47,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,145
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,750
    Nontaxable benefits
    $32,920
    Filer's total
    $412,815

  • Gary L Sojka

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    10

  • Gail G Clifford CPA

    VP FOR FINAN

    Total calculated
    $360,056
    From this org
    $305,758
    From related orgs
    $0
    Other
    $54,298
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,758
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,650
    Nontaxable benefits
    $38,648
    Filer's total
    $360,056

  • Lyle A Cox Jr PhD

    DIRECTOR

    Total calculated
    $84,000
    From this org
    $84,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Theodore Glum

    DIRECTOR

    Total calculated
    $39,125
    From this org
    $39,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Howard K Schue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • John Y Young Jr

    DIRECTOR

    Total calculated
    $39,000
    From this org
    $39,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Curtis Pearson

    EMPLOYEE

    Total calculated
    $320,021
    From this org
    $269,614
    From related orgs
    $0
    Other
    $50,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,614
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,325
    Nontaxable benefits
    $39,082
    Filer's total
    $320,021

  • Robert Hummel

    EMPLOYEE

    Total calculated
    $274,449
    From this org
    $219,262
    From related orgs
    $0
    Other
    $55,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,262
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,657
    Nontaxable benefits
    $44,530
    Filer's total
    $274,449

  • Carmen Farro

    EMPLOYEE

    Total calculated
    $238,572
    From this org
    $190,838
    From related orgs
    $0
    Other
    $47,734
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,838
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $47,734
    Filer's total
    $238,572

  • Gordon O'Neill

    EMPLOYEE

    Total calculated
    $219,944
    From this org
    $190,796
    From related orgs
    $0
    Other
    $29,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,796
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,350
    Nontaxable benefits
    $19,798
    Filer's total
    $219,944

  • Mirium Jackson

    EMPLOYEE

    Total calculated
    $214,283
    From this org
    $180,867
    From related orgs
    $0
    Other
    $33,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,867
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,574
    Nontaxable benefits
    $22,842
    Filer's total
    $214,283

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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202423209349327052

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