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Nonprofiteer
← PETERSON SOLUTIONS FUND

Form 990 for tax year 2023

Filed by PETERSON SOLUTIONS FUND.

Totals

Total revenue
$5,566,042
Total expenses
$4,530,033
Contributions and grants received
$0
Grants paid
$3,122,000
Program service revenue
$0
Investment income
$5,566,042
Other revenue
$0
Total assets, end of year
$446,073,280
Total liabilities, end of year
$3,040,407
Net assets or fund balances, end of year
$443,032,873
Program services expenses (Part IX)
$3,968,572
Management and general expenses
$561,461
Fundraising expenses
$0
Program service expenses (Part III)
$3,968,572

Program services were 87.6% 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 $4,302,794 · excluded $4,302,794

  • 7a · Gross sales of assets other than inventory

    securities $6,771,807

  • 7b · Less cost or other basis and sales expenses

    securities $5,508,559

  • 7c · Gain or loss

    securities $1,263,248

  • 7d · Net gain or loss

    total $1,263,248 · excluded $1,263,248

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,122,000 · program services $3,122,000

  • 5 · Compensation of officers, directors and key employees

    total $316,894 · program services $221,722 · management and general $95,172

  • 7 · Other salaries and wages

    total $250,525 · program services $175,286 · management and general $75,239

  • 8 · Pension plan contributions

    total $39,090 · program services $27,350 · management and general $11,740

  • 9 · Other employee benefits

    total $9,280 · program services $6,493 · management and general $2,787

  • 10 · Payroll taxes

    total $46,711 · program services $32,683 · management and general $14,028

  • 11b · Fees: legal

    total $281,577 · management and general $281,577

  • 11c · Fees: accounting

    total $67,662 · management and general $67,662

  • 11g · Fees: other

    total $334,021 · program services $334,021

  • 13 · Office expenses

    total $830 · program services $33 · management and general $797

  • 17 · Travel

    total $19,882 · program services $19,882

  • 24a · Other expenses: SUBSCRIPTIONS

    total $23,397 · program services $23,084 · management and general $313

  • 24b · Other expenses: REGISTRATION FEES

    total $10,011 · program services $561 · management and general $9,450

  • 24c · Other expenses: MEMBERSHIP DUES & LICEN

    total $4,665 · program services $4,665

  • 24d · Other expenses: TAXES - STATE

    total $792 · program services $792

  • 24e · All other expenses

    total $2,696 · management and general $2,696

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,138,924 · end of year $24,673,000

  • 11 · Investments: publicly traded securities

    beginning of year $81,764,359 · end of year $82,250,891

  • 12 · Investments: other securities

    beginning of year $341,229,228 · end of year $338,800,924

  • 15 · Other assets

    beginning of year $38,992 · end of year $348,465

  • 17 · Accounts payable and accrued expenses

    beginning of year $182,887 · end of year $373,407

  • 18 · Grants payable

    beginning of year $242,088 · end of year $2,667,000

  • 27 · Net assets without donor restrictions

    beginning of year $431,746,528 · end of year $443,032,873

Mission and programs · 2023

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 $3,968,572 · Grants $3,122,000

As filed on the 2023 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

  • Brett Loper

    EXECUTIVE DIRECTOR (BEG. 11/23)

    Total calculated
    $61,079
    From this org
    $54,650
    From related orgs
    $6,429
    Other
    $0
    Hours/week
    30 + 10 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

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.

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 $5,577,508 · assets $442,062,261

    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 $1,441,107 · share of assets $39,786,224 · controlled entity

    Directly controlled by PETERSON SOLUTIONS FUND

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349306259

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