To advance state policies that improve the economic mobility and quality of life for all floridians

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$200K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 5
filings with a surplus
Average surplus $394K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$200K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
18 mo
of spending, in cash
Looks good: 18.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $1.4M
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$134K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-18% vs prior year
Spent
$1.6M
To programs
93%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$1.7M
FY2023▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$2.0M
FY2023$1.7M
FY2024$2.0M
Expenses
$1.6M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$838K
FY2021$1.1M
FY2022$1.4M
FY2023$1.6M
FY2024$1.9M
Net assets
$2.9M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$2.8M
FY2023$2.9M
FY2024$3.0M

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 Jun 2015.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $1.4M Management & general 5% · $77K Fundraising 2% · $33K

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

9 people listed on the 990; $200K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$105,263Pt VII · Sec A
Chief Strat. & Dev. Office
$95,016Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sadaf Knight’s $121K as Chief Executive Officer is at the 34th percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sadaf Knight$121,375$105,263$103,214$100,248$95,780
Holly Bullard$110,283$95,016$92,867$83,235$78,221

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 Florida Policy Institute INC 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 15aYes

Programs and updates

Advocates for state policies boosting Florida's economic mobility and quality of life.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2023
01

Fpi's Activities in 2023 Consisted of the Following

Conducting high quality, credible research; analyzing public policy and developing policy recommendations; educating policymakers, the public, and the media; building strategic partnerships with organizations and coalitions; and advocating for smart public policies.

$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 5 grants · $315K · 2023–2024
Florida Decides HealthcareFL · FY2024$25,000
New Venture FundDC · FY2023$20,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$7K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$77K
Fundraisingcol D$33K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$3.1M
LiabilitiesLn 26$134K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$7K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$154K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$98K
Land, buildings, equipmentLn 10c$33K
Other assetsLn 15$1K
Total assetsLn 16$3.1M
LiabilitiesLn 26$134K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 511
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.1M$2.4M
InvestmentsLn 11–13$0$98K
Land, buildings, equipmentLn 10c$49K$33K
Total assetsLn 16$2.9M$3.1M
LiabilitiesLn 26$120K$134K
Net assetsLn 32$2.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$90K$90K
Pay of current officers, directors and key staffLn 5$246K$230K$9K$7K
Other salaries and wagesLn 7$667K$629K$23K$15K
Pension plan contributionsLn 8$8K$8K$112$29
Other employee benefitsLn 9$84K$81K$2K$1K
Payroll taxesLn 10$69K$65K$2K$2K
Legal feesLn 11b$412$412
Accounting feesLn 11c$30K$30K
Lobbying feesLn 11d$85K$85K
Other fees for servicesLn 11g$107K$104K$2K$1K
Advertising and promotionLn 12$16K$15K$780
Office expensesLn 13$7K$7K$253$169
Information technologyLn 14$41K$38K$1K$937
OccupancyLn 16$11K$11K$391$260
TravelLn 17$46K$41K$2K$2K
Conferences, conventions and meetingsLn 19$7K$6K$1K$179
Depreciation, depletion and amortizationLn 22$22K$19K$712$2K
InsuranceLn 23$7K$7K$247$165
Other expenses (24a–d)Ln 24$11K$11K$388$259
All other expensesLn 24e$414$395$14$5
Total functional expensesLn 25$1.6M$1.4M$77K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.0M$1.9M$50K$3.0M 990 PDF
FY2023 Viewing $1.7M$1.6M$131K$2.9M 990 PDF
FY2022 $2.0M$1.4M$688K$2.8M 990 PDF
FY2021 $1.5M$1.1M$419K$2.1M 990 PDF
FY2020 $1.5M$838K$681K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,687,165 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,049,722$1,680,187
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $157$6,978
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,049,879$1,687,165
I-13 Grants and similar amounts paidPrior year $0$90,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $992,598$1,074,957
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $368,855$390,923
I-18 Total expensesPrior year $1,361,453$1,555,880
I-19 Revenue less expensesPrior year $688,426$131,285
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,687,165 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,680,187
VIII-1h Total contributions, gifts and grants$1,680,187
VIII-3 Investment incomeExcluded from tax $6,978$6,978
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,978$1,687,165
Part IX · Statement of functional expenses $1,555,880 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $90,000$90,000
IX-5 Pay of current officers, directors and key staffPrograms $229,933 · Management $9,455 · Fundraising $6,555$245,943
IX-7 Other salaries and wagesPrograms $628,542 · Management $23,089 · Fundraising $15,393$667,024
IX-8 Pension plan contributionsPrograms $8,076 · Management $112 · Fundraising $29$8,217
IX-9 Other employee benefitsPrograms $80,906 · Management $2,148 · Fundraising $1,227$84,281
IX-10 Payroll taxesPrograms $65,483 · Management $2,405 · Fundraising $1,604$69,492
IX-11b Legal feesManagement $412$412
IX-11c Accounting feesManagement $30,388$30,388
IX-11d Lobbying feesPrograms $85,000$85,000
IX-11g Other fees for servicesPrograms $103,788 · Management $2,152 · Fundraising $1,068$107,008
IX-12 Advertising and promotionPrograms $14,822 · Fundraising $780$15,602
IX-13 Office expensesPrograms $6,891 · Management $253 · Fundraising $169$7,313
IX-14 Information technologyPrograms $38,267 · Management $1,406 · Fundraising $937$40,610
IX-16 OccupancyPrograms $10,637 · Management $391 · Fundraising $260$11,288
IX-17 TravelPrograms $41,362 · Management $2,179 · Fundraising $2,102$45,643
IX-19 Conferences, conventions and meetingsPrograms $5,562 · Management $1,179 · Fundraising $179$6,920
IX-22 Depreciation, depletion and amortizationPrograms $19,386 · Management $712 · Fundraising $1,873$21,971
IX-23 InsurancePrograms $6,737 · Management $247 · Fundraising $165$7,149
IX-24 Other expenses (24a–d)Programs $10,558 · Management $388 · Fundraising $259$11,205
IX-24e All other expensesPrograms $395 · Management $14 · Fundraising $5$414
IX-25 Total functional expensesPrograms $1,446,345 · Management $76,930 · Fundraising $32,605$1,555,880
Part X · Balance sheet $3,063,511 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $161,703$154,039
X-2 Savings and temporary cash investmentsStart of year $1,984,742$2,215,079
X-3 Pledges and grants receivableStart of year $713,000$551,501
X-9 Prepaid expenses and deferred chargesStart of year $9,088$10,017
X-10c Land, buildings and equipment, netStart of year $49,301$33,302
X-11 Publicly traded securitiesStart of year $0$98,473
X-15 Other assetsStart of year $1,100$1,100
X-16 Total assetsStart of year $2,918,934$3,063,511
X-17 Accounts payable and accrued expensesStart of year $54,151$54,949
X-19 Deferred revenueStart of year $66,309$78,803
X-26 Total liabilitiesStart of year $120,460$133,752
X-27 Net assets without donor restrictionsStart of year $90,596$1,358,330
X-28 Net assets with donor restrictionsStart of year $2,707,878$1,571,429
X-32 Total net assets or fund balancesStart of year $2,798,474$2,929,759
X-33 Total liabilities and net assetsStart of year $2,918,934$3,063,511
Part XI · Reconciliation of net assets $2,929,759 net assets at year end
XI-1 Total revenue$1,687,165
XI-2 Total expenses$1,555,880
XI-3 Revenue less expenses$131,285
XI-4 Net assets at start of year$2,798,474
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,929,759

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

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