Policy Issues Institute FY2023 filing

Not tax-deductible

Laguna Niguel, CA501(c)(4)Since 2001EIN 33-0973052Revenue $8.5M in FY2023

On file with the IRSpolicyissuesinstitute.com30011 Ivy Glenn Dr Ste 223, 92677-5018 · Laguna Niguel, CATax-exempt since Aug 2001

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Our primary purpose is the study/research of America's public policy, including research on public policy issues and provide information to the public on the importance of such issues, including energy, education, taxes, crime, transportation, natural resources, government management and the environment.

70¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $159K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$193K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.5M
-13% vs prior year
Spent
$8.8M
To programs
70%
Net assets
$795K
By yearFY2020–FY2024
Revenue
$8.5M
FY2023▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.7M
FY2021$6.1M
FY2022$9.8M
FY2023$8.5M
FY2024$5.9M
Expenses
$8.8M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.5M
FY2021$6.9M
FY2022$8.6M
FY2023$8.8M
FY2024$6.4M
Net assets
$795K
FY2023▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$729K
FY2021$8K
FY2022$1.2M
FY2023$795K
FY2024$331K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $6.2M Management & general 6% · $554K Fundraising 24% · $2.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$477,000Pt VII · Sec A
$473,500Pt VII · Sec A
Vice President
$38,240Pt VII · Sec A
$29,000Pt VII · Sec A
$500Pt VII · Sec A
$500Pt VII · Sec A
Director
$500Pt VII · Sec A
$500Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Floyd Brown$409,000$477,000$390,000$411,000$294,000
James Lacy$466,750$473,500$355,000$378,000$323,000
Alexander Tomescu$45,090$38,240$26,339$17,560$20,232
Lori Klein$42,000$500———
Barrett Garcia$25,500$29,000$28,000$26,500$24,000
Martin Matthews$500$500$500——
Robert Cambron$500$500$500——
Randy Goodwin$500$500———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Policy Issues Institute executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Researches and informs the public about critical American public policy issues.

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Provided by the organization

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1 program · $6.2M · in their own filed words · FY2023
01

PII mailed 456,882 petitions in 2023 to the public, to inform them of important public policy issues, and asking them to send their signed petitions to members of Congress and other government officials.

$6.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $169K · 2023–2024
Pii Nonprofit 501c4-No on 32FY2024$50,700
Sa Ctzns for Voting-No on DdFY2024$47,250
National Review InstituteNY · FY2024$12,500
United States Justice FndtnFY2023$25,000
National Review InstituteNY · FY2023$17,500
Summit MinistriesFY2023$10,000
Pepperdine UniversityCA · FY2023$5,900

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$8.5M
Ln 12
Gifts and grantsLn 1h$8.4M
Investment incomeLn 3$36K
Money outPt IX
$8.8M
Ln 25
Programscol B$6.2M
Managementcol C$554K
Fundraisingcol D$2.1M
Owns and owesPt X
$795K
net assets · Ln 32
Cash and savingsLn 1–2$696K
Total assetsLn 16$988K
LiabilitiesLn 26$193K
PeoplePt VI, VII
8
listed · VII A
PaidVII A8
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.4M
Investment incomeLn 3$36K
Gains on assetsLn 7$0
Total revenueLn 12$8.5M
Assets in detailPt X, end of year
CashLn 1$696K
SavingsLn 2$0
Cash and savings togetherLn 1–2$696K
InvestmentsLn 11–13$256K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$988K
LiabilitiesLn 26$193K
Net assetsLn 32$795K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.5M$696K
InvestmentsLn 11–13$32K$256K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.5M$988K
LiabilitiesLn 26$358K$193K
Net assetsLn 32$1.2M$795K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$60K$60K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.0M$662K$253K$105K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$13K$9K$4K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$4K$3K$1K
Management feesLn 11a$0
Legal feesLn 11b$154$154
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$416K$416K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$97K$71K$26K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$12K$6K$6K
TravelLn 17$37K$32K$2K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$6.9M$5.2M$174K$1.5M
All other expensesLn 24e$264K$132K$83K$49K
Total functional expensesLn 25$8.8M$6.2M$554K$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.9M$6.4M−$464K$331K 990 PDF
FY2023 Viewing $8.5M$8.8M−$361K$795K 990 PDF
FY2022 $9.8M$8.6M$1.1M$1.2M 990 PDF
FY2021 $6.1M$6.9M−$721K$8K 990 PDF
FY2020 $7.7M$6.5M$1.2M$729K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $8,473,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,814,719$8,437,207
I-9 Program service revenue$0
I-10 Investment incomePrior year −$20,045$35,988
I-11 Other revenue$0
I-12 Total revenuePrior year $9,794,674$8,473,195
I-13 Grants and similar amounts paidPrior year $250$60,300
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $815,202$1,038,828
I-16a Professional fundraising feesPrior year $406,792$415,809
I-17 Other expensesPrior year $7,424,468$7,319,233
I-18 Total expensesPrior year $8,646,712$8,834,170
I-19 Revenue less expensesPrior year $1,147,962−$360,975
Part VI · Governance 4 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $8,473,195 across 8 lines filed
VIII-1f All other contributions, gifts and grants$8,437,207
VIII-1h Total contributions, gifts and grants$8,437,207
VIII-3 Investment incomeRelated to mission $35,988$35,988
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $35,988$8,473,195
Part IX · Statement of functional expenses $8,834,170 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $60,300$60,300
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $662,391 · Management $252,571 · Fundraising $104,778$1,019,740
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $9,322 · Management $3,625$12,947
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $2,000$2,000
IX-10 Payroll taxesPrograms $2,942 · Management $1,199$4,141
IX-11a Management fees$0
IX-11b Legal feesManagement $154$154
IX-11c Accounting feesManagement $15,105$15,105
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $415,809$415,809
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $70,737 · Fundraising $26,163$96,900
IX-12 Advertising and promotionFundraising $18,627$18,627
IX-13 Office expensesManagement $6,175$6,175
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $6,000 · Management $6,000$12,000
IX-17 TravelPrograms $32,407 · Management $1,737 · Fundraising $2,877$37,021
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $8,237$8,237
IX-24 Other expenses (24a–d)Programs $5,184,995 · Management $174,409 · Fundraising $1,501,931$6,861,335
IX-24e All other expensesPrograms $132,221 · Management $82,555 · Fundraising $48,903$263,679
IX-25 Total functional expensesPrograms $6,161,315 · Management $553,767 · Fundraising $2,119,088$8,834,170
Part X · Balance sheet $987,571 assets, 18 lines filed
Asset lines not itemized here account for $36,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,481,778$696,032
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $32,396$255,539
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,514,174$987,571
X-17 Accounts payable and accrued expensesStart of year $358,224$192,596
X-26 Total liabilitiesStart of year $358,224$192,596
X-27 Net assets without donor restrictionsStart of year $1,155,950$794,975
X-32 Total net assets or fund balancesStart of year $1,155,950$794,975
X-33 Total liabilities and net assetsStart of year $1,514,174$987,571
Part XI · Reconciliation of net assets $794,975 net assets at year end
XI-1 Total revenue$8,473,195
XI-2 Total expenses$8,834,170
XI-3 Revenue less expenses−$360,975
XI-4 Net assets at start of year$1,155,950
XI-10 Net assets at end of year$794,975

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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