Form 990 for tax year 2022

Filed by PETERSON SOLUTIONS FUND.

What the amendment changed

Compared with the return it replaced , filed 15 May 2023. matched by us Only the Part I totals and the names listed in Part VII 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: $408,097,861 changed to $886,415
Total expenses: $48,950 changed to $1,816,786
Contributions and grants received: $408,026,612 changed to $0
Grants paid: $0 changed to $1,195,000
Investment income: $71,249 changed to $886,415
Total assets, end of year: $408,097,861 changed to $432,171,503
Total liabilities, end of year: $48,950 changed to $424,975
Net assets or fund balances, end of year: $408,048,911 changed to $431,746,528
Program services expenses: $0 changed to $1,295,000
Management and general expenses: $48,950 changed to $521,786
Program service expenses (Part III): not reported changed to $1,295,000

Listed under a different title

MICHAEL A PETERSON: DIRECTOR AND FOUNDING CHAIRMAN then DIRECTOR, FOUNDING CHAIRMAN AND CEO

Totals

Total revenue: $886,415
Total expenses: $1,816,786
Contributions and grants received: $0
Grants paid: $1,195,000
Program service revenue: $0
Investment income: $886,415
Other revenue: $0
Total assets, end of year: $432,171,503
Total liabilities, end of year: $424,975
Net assets or fund balances, end of year: $431,746,528
Program services expenses (Part IX): $1,295,000
Management and general expenses: $521,786
Fundraising expenses: $0
Program service expenses (Part III): $1,295,000

Program services were 71.3% 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.

3 · Investment income

total $886,415 · excluded $886,415

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,195,000 · program services $1,195,000
11b · Fees: legal

total $382,054 · management and general $382,054
11c · Fees: accounting

total $138,231 · management and general $138,231
11g · Fees: other

total $100,000 · program services $100,000
13 · Office expenses

total $1,201 · management and general $1,201
24a · Other expenses: REGISTRATION FEES

total $300 · management and general $300

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $408,005,240 · end of year $9,138,924
11 · Investments: publicly traded securities

end of year $81,764,359
12 · Investments: other securities

end of year $341,229,228
15 · Other assets

beginning of year $92,621 · end of year $38,992
17 · Accounts payable and accrued expenses

beginning of year $48,950 · end of year $182,887
18 · Grants payable

end of year $242,088
27 · Net assets without donor restrictions

beginning of year $408,048,911 · end of year $431,746,528

Mission and programs · 2022

Mission

SEE SCHEDULE OPETERSON SOLUTIONS FUND IS A NONPARTISAN ORGANIZATION THAT PROMOTES SOCIAL WELFARE AND ADVOCATES FOR FACT-BASED SOLUTIONS TO IMPROVE THE POLICYMAKING PROCESS, STABILIZE AMERICA'S FISCAL OUTLOOK, ACHIEVE BETTER HEALTHCARE OUTCOMES AT LOWER COST, AND STRENGTHEN THE PILLARS OF OUR DEMOCRACY TO SUPPORT A THRIVING ECONOMY FOR THE NEXT GENERATION.

Activities or mission (Part I)

PROMOTION OF SOCIAL WELFARE

PETERSON SOLUTIONS FUND ENGAGES IN A RANGE OF NONPARTISAN ADVOCACY AND OUTREACH INITIATIVES TO STRENGTHEN THE ECONOMIC AND DEMOCRATIC FOUNDATIONS OF THE UNITED STATES. THE FUND ADVOCATES FOR SUBSTANTIVE, FACT-BASED SOLUTIONS AND ACTIONS AT THE FEDERAL AND STATE LEVEL THAT IMPROVE THE POLICYMAKING PROCESS, ECONOMY AND EVERYDAY LIFE OF AMERICANS. THE FUND'S GRANT-MAKING, PARTNERSHIPS, RESEARCH, AND OTHER PROGRAMMATIC ACTIVITIES AIM TO STABILIZE AMERICA'S FISCAL OUTLOOK, IMPROVE THE PERFORMANCE OF OUR HEALTHCARE SYSTEM AND STRENGTHEN THE PILLARS OF OUR DEMOCRACY, TO SUPPORT A GROWING, THRIVING ECONOMY OVER THE LONG TERM.

Expenses $1,295,000 · Grants $1,195,000

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

Listed in Part VII

MICHAEL A PETERSON

DIRECTOR, FOUNDING CHAIRMAN AND CEO

Total calculated

$0

Hours/week

1 + 41 related
MICHAEL SHANKMAN

TREASURER

Total calculated

$0

Hours/week

2 + 11 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.

Grants on this return

FIX THE DEBT COALITION INC

$460,000

SEE PART IV
BIPARTISAN POLICY CENTER ACTION INC

$450,000

SEE PART IV
UNITED TO PROTECT DEMOCRACY

$185,000

SEE PART IV
ISSUE ONE ACTION

$100,000

SEE PART IV

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.

PETER G PETERSON FOUNDATION

501(C)(3) · CHARITABLE · DE
MICHAEL A PETERSON FOUNDATION

501(C)(3) · CHARITABLE · DE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

PJ A CAPITAL LLC

LLC THAT HOLDS INVESTMENTS · DE · income $867,866 · assets $424,267,367

Directly controlled by PETERSON SOLUTIONS FUND

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

HOLDINGS A LLC

C · LLC THAT HOLDS INVESTMENTS · DE · 100% owned · share of income $2,449,209 · share of assets $44,141,502 · controlled entity

Directly controlled by PETERSON SOLUTIONS FUND

Provenance

Return type: form_990
Tax year: 2022
Filed: 13 May 2024
IRS schema version: 2022v5.0
Source object: 202411359349302476

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