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← POLICY ACADEMIES

Form 990 for tax year 2023

Filed by POLICY ACADEMIES.

Totals

Total revenue
$1,082,567
Total expenses
$2,296,125
Contributions and grants received
$1,013,063
Grants paid
$711,479
Program service revenue
$0
Investment income
$69,504
Other revenue
$0
Total assets, end of year
$2,935,976
Total liabilities, end of year
$270,834
Net assets or fund balances, end of year
$2,665,142
Program services expenses (Part IX)
$1,898,349
Management and general expenses
$268,758
Fundraising expenses
$129,018
Program service expenses (Part III)
$1,898,349

Program services were 82.7% 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.

  • 1f · All other contributions, gifts and grants

    $1,013,063

  • 3 · Investment income

    total $69,504 · excluded $69,504

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $687,174 · program services $687,174

  • 2 · Grants to domestic individuals

    total $16,000 · program services $16,000

  • 3 · Grants to foreign organizations and individuals

    total $8,305 · program services $8,305

  • 5 · Compensation of officers, directors and key employees

    total $763,298 · program services $610,638 · management and general $76,330 · fundraising $76,330

  • 7 · Other salaries and wages

    total $66,715 · program services $53,373 · management and general $6,671 · fundraising $6,671

  • 8 · Pension plan contributions

    total $3,967 · program services $3,173 · management and general $397 · fundraising $397

  • 10 · Payroll taxes

    total $55,347 · program services $44,277 · management and general $5,535 · fundraising $5,535

  • 11c · Fees: accounting

    total $19,525 · management and general $19,525

  • 11g · Fees: other

    total $196,883 · program services $105,820 · management and general $74,585 · fundraising $16,478

  • 12 · Advertising and promotion

    total $1,162 · program services $70 · management and general $1,092

  • 13 · Office expenses

    total $40,653 · program services $23,288 · management and general $14,664 · fundraising $2,701

  • 14 · Information technology

    total $2,183 · program services $1,747 · management and general $218 · fundraising $218

  • 17 · Travel

    total $278,750 · program services $206,446 · management and general $52,235 · fundraising $20,069

  • 19 · Conferences, conventions and meetings

    total $137,397 · program services $133,089 · management and general $4,308

  • 22 · Depreciation, depletion and amortization

    total $2,087 · management and general $2,087

  • 23 · Insurance

    total $6,187 · program services $4,949 · management and general $619 · fundraising $619

  • 24a · Other expenses: Professional developmen

    total $10,492 · management and general $10,492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,696,540 · end of year $367,741

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $1,676,183

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $250,000

  • 4 · Accounts receivable

    beginning of year $1,550,000 · end of year $550,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,513 · end of year $8,727

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

    $74,125

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

    $2,087

  • 10c · Land, buildings and equipment, net

    beginning of year $23,950 · end of year $72,038

  • 15 · Other assets

    beginning of year $0 · end of year $11,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $423,192 · end of year $270,834

  • 27 · Net assets without donor restrictions

    beginning of year $1,470,347 · end of year $1,290,915

  • 28 · Net assets with donor restrictions

    beginning of year $2,410,464 · end of year $1,374,227

Mission and programs · 2023

Mission

See Schedule O

  • Academy Training - Fellowship and Research Scholars Programs:These include one- and two-year fellowship programs for undergraduates, pre-masters and graduate students in partnership with the nation's leading think tanks. When Academy Fellows complete their training fellowship they become a part of the Alumni Career and Leadership Development Program. The Policy Academies training programs are free of cost for participating students. TPA covers airfare and lodging and provides a competitive stipend.

    Expenses $666,282 · Grants $373,472

  • Equity in Institutional and Research Practice: This initiative supports efforts to improve practices within the policy research and broader policy fields by encouraging broader representation of scholars and on research topics and methodologies. The program works with partners to enhance institutional practices in the development and application of public policy research. Through collaboration between scholars, institutions, and communities this initiative ensures that research informs policy decisions that reflect a wide range of perspectives and societal needs. This program also creates platforms for this work.

    Expenses $523,242 · Grants $263,833

  • Alumni Career and Leadership Development Program:This program, which is often shortened to "The Alumni Program", supports the early career development of Academy graduates by helping them attend career accelerating conferences, providing specialized training courses, and by providing personalized training and mentorship.

    Expenses $368,735 · Grants $74,174

  • Our work also includes efforts to engage a broad range of stakeholders through events, partnerships, and collaborative initiatives. These activities involve convening policy forums, providing technical assistance to organizations, and sharing research findings. By collaborating with nonprofits, policy bodies, research organizations, and academic institutions, TPA helps drive impactful conversations and actions that shape innovative policy solutions and support the leadership of early-career policy professionals.

    Expenses $340,090

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

Listed in Part VII

  • Lynette Rawlings

    President and CEO

    Total calculated
    $515,957
    From this org
    $470,000
    From related orgs
    $0
    Other
    $45,957
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,000
    Bonus
    $200,000
    Other
    $0
    Deferred
    $33,000
    Nontaxable benefits
    $12,957
    Filer's total
    $515,957
  • Angela Glover Blackwell

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Nick Turner

    Director

    Total calculated
    $0
    Hours/week
    1
  • Darrick Hamilton

    Director

    Total calculated
    $0
    Hours/week
    1
  • Arlene Williams

    COO & SVP of Special Initiatives

    Total calculated
    $247,341
    From this org
    $215,000
    From related orgs
    $0
    Other
    $32,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,000
    Bonus
    $0
    Other
    $0
    Deferred
    $12,900
    Nontaxable benefits
    $19,441
    Filer's total
    $247,341

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 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
The Organization's Chief Executive Officer will occasionally fly business class or first class when work is being conducted on the flight and/or under $1,000 and under when the flight is across country $2,000. The benefit is not taxable for the officer.
Part I, Line 3
The Executive Director's compensation is set by the Board of Directors minus the Executive Director.
Part I, Line 7
The President and CEO received a $200K bonus in FY 2023. This bonus was authorized as a result of the President and CEO receiving $0 salary during the start-up years of the organization. The bonus was approved by the board of directors.

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
2023
Filed
20 September 2024
IRS schema version
2023v5.1
Source object
202422749349300017

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