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← JAMES B HUNT JR INSTITUTE FOR EDUCATIONAL LEADERSHIP AND POLICY

Form 990 for tax year 2023

Filed by JAMES B HUNT JR INSTITUTE FOR EDUCATIONAL LEADERSHIP AND POLICY.

Totals

Total revenue
$9,313,236
Total expenses
$12,133,191
Contributions and grants received
$8,304,574
Grants paid
$199,008
Program service revenue
$582,691
Investment income
$380,857
Other revenue
$45,114
Total assets, end of year
$16,083,723
Total liabilities, end of year
$1,948,593
Net assets or fund balances, end of year
$14,135,130
Program services expenses (Part IX)
$9,943,833
Management and general expenses
$1,766,806
Fundraising expenses
$422,552
Program service expenses (Part III)
$9,943,833

Program services were 82.0% 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

    $8,304,574

  • 2a · Program service revenue: SERVICE REVENUE

    total $582,691 · related or exempt $582,691

  • 3 · Investment income

    total $350,835 · related or exempt $350,835

  • 7a · Gross sales of assets other than inventory

    securities $3,621,372

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

    securities $3,591,350

  • 7c · Gain or loss

    securities $30,022

  • 7d · Net gain or loss

    total $30,022 · related or exempt $30,022

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $45,114 · related or exempt $45,114

  • 11e · Other revenue, total

    $45,114

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $199,008 · program services $199,008

  • 5 · Compensation of officers, directors and key employees

    total $407,856 · program services $305,892 · management and general $61,178 · fundraising $40,786

  • 7 · Other salaries and wages

    total $4,258,322 · program services $3,290,792 · management and general $746,341 · fundraising $221,189

  • 8 · Pension plan contributions

    total $261,854 · program services $201,837 · management and general $45,316 · fundraising $14,701

  • 9 · Other employee benefits

    total $694,481 · program services $535,306 · management and general $120,185 · fundraising $38,990

  • 10 · Payroll taxes

    total $340,917 · program services $262,778 · management and general $58,999 · fundraising $19,140

  • 11b · Fees: legal

    total $53,250 · management and general $53,250

  • 11c · Fees: accounting

    total $35,706 · management and general $35,706

  • 11g · Fees: other

    total $859,259 · program services $802,167 · management and general $55,592 · fundraising $1,500

  • 14 · Information technology

    total $205,983 · program services $123,589 · management and general $82,394

  • 16 · Occupancy

    total $413,038 · program services $247,823 · management and general $144,563 · fundraising $20,652

  • 17 · Travel

    total $867,612 · program services $836,460 · management and general $31,152

  • 19 · Conferences, conventions and meetings

    total $2,597,727 · program services $2,555,144 · management and general $40,083 · fundraising $2,500

  • 22 · Depreciation, depletion and amortization

    total $33,264 · management and general $33,264

  • 23 · Insurance

    total $9,834 · management and general $9,834

  • 24a · Other expenses: MATERIALS AND SUPPLIES

    total $400,177 · program services $272,944 · management and general $127,233

  • 24b · Other expenses: EQUIPMENT

    total $214,619 · program services $178,371 · management and general $36,248

  • 24c · Other expenses: MISCELLANEOUS

    total $161,719 · program services $94,921 · management and general $66,792 · fundraising $6

  • 24d · Other expenses: COPYING AND PRINTING

    total $105,146 · program services $36,801 · management and general $5,257 · fundraising $63,088

  • 24e · All other expenses

    total $13,419 · management and general $13,419

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,742,908 · end of year $357,873

  • 2 · Savings and temporary cash investments

    beginning of year $8,880,402 · end of year $8,632,537

  • 3 · Pledges and grants receivable

    beginning of year $5,982,498 · end of year $5,358,273

  • 4 · Accounts receivable

    beginning of year $104,645 · end of year $98,484

  • 9 · Prepaid expenses and deferred charges

    beginning of year $123,188 · end of year $115,279

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

    $245,786

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

    $166,674

  • 10c · Land, buildings and equipment, net

    beginning of year $112,376 · end of year $79,112

  • 15 · Other assets

    beginning of year $1,786,492 · end of year $1,442,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $448,822 · end of year $463,191

  • 25 · Other liabilities

    beginning of year $1,823,908 · end of year $1,485,402

  • 27 · Net assets without donor restrictions

    beginning of year $2,265,739 · end of year $5,605,872

  • 28 · Net assets with donor restrictions

    beginning of year $14,194,040 · end of year $8,529,258

Mission and programs · 2023

Mission

TO SECURE AMERICA'S FUTURE THROUGH QUALITY EDUCATION.

  • HUNT-KEAN LEADERSHIP FELLOWS:THE HUNT-KEAN LEADERSHIP FELLOWS (HK FELLOWS) PROGRAM BRINGS TOGETHER SENIOR, STATE-LEVEL POLITICAL LEADERS WHO HAVE THE SKILL AND WILL TO BE EFFECTIVE, REFORM-MINDED EDUCATION POLICYMAKERS IN THEIR STATES WITH LEADING MINDS IN EDUCATION, POLICY, AND POLITICS. THE HK FELLOWS CURRICULUM IS DESIGNED TO EQUIP PARTICIPANTS WITH THE KNOWLEDGE, RELATIONSHIPS, AND INSPIRATION THEY NEED TO ENGAGE IN CRITICAL CONVERSATIONS ON EDUCATION POLICY IN THEIR CURRENT ROLES AND AS THEY PURSUE HIGHER OFFICE. EACH COHORT INCLUDES AT LEAST 20 HK FELLOWS WITH EACH REPRESENTING A DIFFERENT STATE AND WITH THE COHORT MAINTAINING A BIPARTISAN BALANCE.

    Expenses $1,703,865

  • STATE ENGAGEMENT:THE HUNT INSTITUTE IS CURRENTLY PARTNERING WITH ILLINOIS, MISSOURI, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, VIRGINIA, AND WEST VIRGINIA TO PROVIDE A SERIES OF PROGRAMMING DESIGNED TO BUILD THE CAPACITY OF STATE LEGISLATORS AS THEY TACKLE THE EDUCATION CHALLENGES FACING THEIR STATES. IN EACH OF ITS PARTNER STATES, THE INSTITUTE HOSTS A STATE LEGISLATORS RETREAT (SLR) AND OFFERS ONGOING LEARNING EXPERIENCES TO LEGISLATORS, SUCH AS REGIONAL VISITS TO INNOVATIVE AND IMPACTFUL PROGRAMS ACROSS THE COUNTRY AND/OR A POLICY DISCUSSION SERIES THAT, OVER THE SHARED EXPERIENCE OF A MEAL, SUCCESSFULLY CONNECTS A BIPARTISAN GROUP OF POLICYMAKERS WITH KEY NATIONAL EXPERTS IN EDUCATION.

    Expenses $1,570,561

  • CROSS-STATE TEAM ENGAGEMENT:THE HUNT INSTITUTE CONTINUES TO RECOGNIZE THE VALUE OF FOSTERING BOTH INTER- AND INTRA-STATE LEARNING BY CONVENING STATE TEAMS FROM ACROSS THE COUNTRY TO DISCUSS TOPICS FROM ACROSS THE EDUCATION CONTINUUM. OUR CONTENT TEAMS HAVE EXPERTISE IN EARLY CHILDHOOD, K12, EDUCATOR WORKFORCE PIPELINES, AND HIGHER EDUCATION. THESE CONVENINGS CAN BE TOPICAL IN NATURE, SUCH AS THE 2023 LITERACY SUMMIT, OR GEARED TOWARD CONVENING STATE TEAMS COMPRISED OF GOVERNORS' ADVISORS/POLICY DIRECTORS, STATE CHIEFS, HIGHER EDUCATION REPS, LEGISLATORS, AND OTHERS TO DISCUSS TOPICAL ISSUES ADDRESSING THE EDUCATION CONTINUUM.

    Expenses $6,669,407 · Grants $199,008 · Revenue $582,691

As filed on the 2023 return.

Listed in Part VII

  • JAVAID SIDDIQI PHD

    PRESIDENT & CEO

    Total calculated
    $477,763
    From this org
    $454,632
    From related orgs
    $0
    Other
    $23,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $454,632
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $631
    Filer's total
    $477,763

  • ARNE DUNCAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • GOVERNOR SUSAN MARTINEZ

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • THE HONORABLE HOWARD N LEE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • DR SAMUEL HOUSTON

    TREASURER, CHAIR, FINANCE & DEVELOPMENT COMMITTEE

    Total calculated
    $0
    Hours/week
    2

  • MIMI CLARKE CORCORAN

    CHAIR, AUDIT COMMITTEE

    Total calculated
    $0
    Hours/week
    2

  • SECRETARY LAURA WORLEY NOVEY

    CHAIR, GOVERNANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT EAVES JR

    CHAIR, INVESTMENT COMMITTEE

    Total calculated
    $0
    Hours/week
    2

  • THEHONORABLE CHRISTOPHER SEATON ABE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GOVERNOR ROY BARNES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY BEST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TREASURER JOHN CHIANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GOVERNOR DON CARCIERI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDY COLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GOVERNOR MITCH DANIELS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GOVERNOR JIM DOUGLAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DENISE FORTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY GUTIERREZ PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • J JACKSON HOKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SENATOR RACHEL HUNT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS W LAMBETH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SENATOR MICHAEL LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR MANOJ MOHONAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SECRETARY PEDRO RIVERA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GOVERNOR BOYD K RUTHERFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PENNY SCHWINN PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELE JORDAN

    VICE PRESIDENT

    Total calculated
    $240,500
    From this org
    $213,300
    From related orgs
    $0
    Other
    $27,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,300
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $14,000
    Filer's total
    $240,500

  • DANIEL WUORI

    SENIOR DIRECTOR OF EARLY L

    Total calculated
    $150,767
    From this org
    $142,041
    From related orgs
    $0
    Other
    $8,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,041
    Bonus
    $0
    Other
    $0
    Deferred
    $8,509
    Nontaxable benefits
    $217
    Filer's total
    $150,767

  • MADELINE SMITH PHD

    MANAGING DIRECTOR

    Total calculated
    $145,961
    From this org
    $131,090
    From related orgs
    $0
    Other
    $14,871
    Hours/week
    40

  • LARA STEELE

    SR. DIRECTOR HUMAN RESOURCES & TALENT MGMT

    Total calculated
    $121,753
    From this org
    $107,527
    From related orgs
    $0
    Other
    $14,226
    Hours/week
    40

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 · 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

  • DUKE UNIVERSITY

    $196,008

    PRESCHOOL DEVELOPMENT

Provenance

Return type
form_990
Tax year
2023
Filed
27 February 2025
IRS schema version
2023v6.0
Source object
202510599349300526

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