Totals
- Total revenue
- $5,650,996
- Total expenses
- $5,230,308
- Contributions and grants received
- $5,180,598
- Grants paid
- $258,945
- Program service revenue
- $0
- Investment income
- $425,836
- Other revenue
- $44,562
- Total assets, end of year
- $12,261,689
- Total liabilities, end of year
- $1,220,328
- Net assets or fund balances, end of year
- $11,041,361
- Program services expenses (Part IX)
- $4,418,530
- Management and general expenses
- $443,605
- Fundraising expenses
- $368,173
- Program service expenses (Part III)
- $4,418,530
Program services were 84.5% 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.
-
1c · Fundraising events
$82,909
-
1f · All other contributions, gifts and grants
$5,097,689
-
1g · Noncash contributions included above
$25,357
-
3 · Investment income
total $166,908 · excluded $166,908
-
6a · Gross rents
real property $79,200
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $79,200
-
6d · Net rental income or loss
total $79,200 · excluded $79,200
-
7a · Gross sales of assets other than inventory
securities $1,478,199
-
7b · Less cost or other basis and sales expenses
securities $1,219,271
-
7c · Gain or loss
securities $258,928
-
7d · Net gain or loss
total $258,928 · excluded $258,928
-
8a · Fundraising events: gross income
$5,103
-
8a · Fundraising events: contributions included on line 1c
$82,909
-
8b · Fundraising events: direct expenses
$35,048
-
8c · Net income from fundraising events
total -$29,945 · excluded -$29,945
-
11a · Other revenue: OTHER
total $2,444 · related or exempt $2,444
-
11b · Other revenue: CHANGE IN VALUE OF SPLIT-INTEREST
total -$7,137 · excluded -$7,137
-
11e · Other revenue, total
-$4,693
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $250,000 · program services $250,000
-
3 · Grants to foreign organizations and individuals
total $8,945 · program services $8,945
-
5 · Compensation of officers, directors and key employees
total $284,138 · program services $192,027 · management and general $76,412 · fundraising $15,699
-
7 · Other salaries and wages
total $2,299,836 · program services $1,554,286 · management and general $618,483 · fundraising $127,067
-
8 · Pension plan contributions
total $47,816 · program services $32,315 · management and general $12,859 · fundraising $2,642
-
9 · Other employee benefits
total $355,117 · program services $239,997 · management and general $95,500 · fundraising $19,620
-
10 · Payroll taxes
total $210,426 · program services $142,211 · management and general $56,589 · fundraising $11,626
-
11b · Fees: legal
total $9,427 · management and general $9,427
-
11c · Fees: accounting
total $178,993 · management and general $178,993
-
11g · Fees: other
total $651,080 · program services $606,983 · management and general $1,219 · fundraising $42,878
-
12 · Advertising and promotion
total $86,188 · program services $69,538 · management and general $12,328 · fundraising $4,322
-
13 · Office expenses
total $7,966 · program services $2,357 · management and general $4,599 · fundraising $1,010
-
14 · Information technology
total $153,694 · program services $21,237 · management and general $58,810 · fundraising $73,647
-
16 · Occupancy
total $395,623 · management and general $395,623
-
17 · Travel
total $54,020 · program services $37,835 · management and general $2,180 · fundraising $14,005
-
19 · Conferences, conventions and meetings
total $7,098 · program services $5,727 · management and general $1,015 · fundraising $356
-
20 · Interest
total $655 · program services $528 · management and general $94 · fundraising $33
-
22 · Depreciation, depletion and amortization
total $57,293 · program services $8,933 · management and general $48,360
-
23 · Insurance
total $23,303 · management and general $23,303
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $38,411 · program services $30,991 · management and general $5,494 · fundraising $1,926
-
24b · Other expenses: TELECOMMUNICATIONS
total $30,435 · program services $7,958 · management and general $22,477
-
24c · Other expenses: RESIDUAL TRAVEL & MEALS
total $26,473 · program services $21,358 · management and general $3,787 · fundraising $1,328
-
24d · Other expenses: EQUIPMENT RENTAL
total $21,093 · management and general $21,093
-
24e · All other expenses
total $32,278 · program services $1,185,304 · management and general -$1,205,040 · fundraising $52,014
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,573,457 · end of year $1,212,012
-
2 · Savings and temporary cash investments
beginning of year $1,431,097 · end of year $1,402,121
-
3 · Pledges and grants receivable
beginning of year $841,936 · end of year $1,306,610
-
9 · Prepaid expenses and deferred charges
beginning of year $110,420 · end of year $114,151
-
10a · Land, buildings and equipment: cost or other basis
$722,152
-
10b · Land, buildings and equipment: accumulated depreciation
$583,015
-
10c · Land, buildings and equipment, net
beginning of year $166,430 · end of year $139,137
-
11 · Investments: publicly traded securities
beginning of year $7,043,191 · end of year $7,493,507
-
15 · Other assets
beginning of year $868,580 · end of year $594,151
-
17 · Accounts payable and accrued expenses
beginning of year $284,875 · end of year $318,922
-
25 · Other liabilities
beginning of year $1,283,244 · end of year $901,406
-
27 · Net assets without donor restrictions
beginning of year $1,807,363 · end of year $1,547,138
-
28 · Net assets with donor restrictions
beginning of year $8,659,629 · end of year $9,494,223
Mission and programs · 2024
Mission
THE INSTITUTE FOR POLICY STUDIES (THE INSTITUTE) IS A 60-YEAR-OLD ORGANIZATION THAT IS DEDICATED TO BUILDING A MORE EQUITABLE, ECOLOGICALLY SUSTAINABLE, AND PEACEFUL SOCIETY.
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 $1,982,309 · Grants $8,945
-
COMMON SECURITY - THIS PROJECT WORKS TO COMBAT ECONOMIC INEQUALITY, ACHIEVE CLIMATE JUSTICE, AND BUILD PEACE. IT'S FOCUSED ON FOREIGN POLICY BASED ON HUMAN RIGHTS, INTERNATIONAL LAW, AND DIPLOMACY OVER MILITARY INTERVENTION.
Expenses $849,565
-
AFFILIATES - THE NATIONAL PRIORITIES PROJECT (NPP) CARRIES OUT RESEARCH AND ADVOCACY THAT HELPS THE PUBLIC UNDERSTAND NATIONAL PRIORITIES THROUGH THE LENS OF THE FEDERAL BUDGET.
Expenses $572,250 · Grants $250,000
-
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 $613,645
-
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 $189,735
-
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 $211,026
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sarita GuptaSARITA GUPTA
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
John PomeranzJOHN POMERANZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Burke StansburyBURKE STANSBURY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
John CavanaghJOHN CAVANAGH
SENIOR ADVISOR
- Total calculated
- $95,449
- From this org
- $72,800
- From related orgs
- $0
- Other
- $22,649
- Hours/week
- 37.5
-
Heidi PeltierHEIDI PELTIER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
James EarlyJAMES EARLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Noura ErakatNOURA ERAKAT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jodie EvansJODIE EVANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Katrina Vanden HeuvelKATRINA VANDEN HEUVEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy ShallalANDY SHALLAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Khury Petersen-SmithKHURY PETERSEN-SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert BorosageROBERT BOROSAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Tope FolarinTOPE FOLARIN
EXECUTIVE DIRECTOR
- Total calculated
- $188,689
- From this org
- $161,376
- From related orgs
- $0
- Other
- $27,313
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $161,376
- Bonus
- $0
- Other
- $0
- Deferred
- $8,069
- Nontaxable benefits
- $19,244
- Filer's total
- $188,689
-
Sulma AriasSULMA ARIAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Danny GloverDANNY GLOVER
TRUSTEE THRU NOV 2024
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathleen GaspardKATHLEEN GASPARD
DEPUTY DIRECTOR
- Total calculated
- $133,769
- From this org
- $128,519
- From related orgs
- $0
- Other
- $5,250
- 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
-
ECONOMIC HARDSHIP REPORTING PROJECT
$250,000
PROGRAM SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349302816
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