Fund For The Public Interest Inc
- Assets
- $56.6m
- Revenue
- $15.9m
- Investments
- $3.5m
- Employees
- 873
- Location
- Boston, MA
- Founding
- 04/1984
- Data as of
- 06/2022
- EIN
- 04-2762647
Organization Overview
Fund For The Public Interest Inc is located in Boston, MA. The organization was established in 1984. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Fund For The Public Interest Inc employed 873 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For The Public Interest Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Fund For The Public Interest Inc generated $15.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $16.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND'S MISSION IS TO FURTHER PUBLIC INTEREST RESEARCH, EDUCATION, AND ADVOCACY ON ISSUES AFFECTING SOCIAL WELFARE BOTH DIRECTLY AND BY PROVIDING FINANCIAL, ORGANIZATIONAL, AND OTHER ASSISTANCE TO PUBLIC INTEREST ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATIONAL SUPPORT AND ADVISING TO OTHER EXEMPT ORGANIZATIONS - THE FUND FOR THE PUBLIC INTEREST PROVIDES CONSULTING AND OTHER ORGANIZATIONAL ASSISTANCE, AS WELL AS GRANTS, TO NONPROFIT PUBLIC INTEREST ORGANIZATIONS THROUGHOUT THE COUNTRY.
PUBLIC INTEREST ADVOCACY, PUBLIC EDUCATION AND OUTREACH PROJECT - THIS PROJECT INVOLVES TALKING WITH CITIZENS OF CITIES AND TOWNS THROUGHOUT THE COUNTRY, DISCUSSING THE OBJECTIVES OF OUR PARTNER ORGANIZATIONS, INCLUDING THE ENVIRONMENT, CONSUMER PROTECTION, GOOD GOVERNMENT, AND HUMAN RIGHTS. CITIZENS ARE MOBILIZED TO TAKE ACTION ON THE ORGANIZATIONS' SUPPORTED ISSUES, ENCOURAGED TO JOIN AND PARTICIPATE IN THE ORGANIZATION, AND PROVIDED EDUCATIONAL MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faye Park President/director | OfficerTrustee | 40 | $127,977 |
Janet Domenitz Vp/director | OfficerTrustee | 0.5 | $0 |
Allison Cairo Director | Trustee | 40 | $87,234 |
Richard J Hannigan Treasurer/director | OfficerTrustee | 40 | $132,483 |
Andre Delattre Secretary/director | OfficerTrustee | 40 | $133,975 |
Kirk Weinert Officer At Large/director | OfficerTrustee | 38 | $103,634 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grassroots Voter Outreach Program Services | 6/29/22 | $1,037,214 |
Roi Solutions Inc Database Services | 6/29/22 | $355,135 |
Work For Progress Recruitment Services | 6/29/22 | $214,378 |
Center For Public Interest Research Grou Program And Admin Consulting | 6/29/22 | $127,048 |
Teal Media Web Services | 6/29/22 | $148,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $15,851,269 |
| Investment income | $28,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,882,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $733,617 |
| Compensation of current officers, directors, key employees. | $90,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,319,855 |
| Pension plan accruals and contributions | $166,969 |
| Other employee benefits | $724,862 |
| Payroll taxes | $681,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,885 |
| Fees for services: Accounting | $28,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,536,999 |
| Advertising and promotion | $377,140 |
| Office expenses | $1,412,951 |
| Information technology | $688,197 |
| Royalties | $0 |
| Occupancy | $983,796 |
| Travel | $180,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,471 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,866 |
| Insurance | $365,208 |
| All other expenses | $0 |
| Total functional expenses | $16,582,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,244,480 |
| Savings and temporary cash investments | $15,168,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,611,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $537,743 |
| Net Land, buildings, and equipment | $107,323 |
| Investments—publicly traded securities | $252,491 |
| Investments—other securities | $3,534,501 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,454 |
| Total assets | $56,577,544 |
| Accounts payable and accrued expenses | $23,203,886 |
| Grants payable | $0 |
| Deferred revenue | $42,028 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,018,661 |
| Total liabilities | $47,264,575 |
| Net assets without donor restrictions | $9,312,969 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,577,544 |
Grants Awarded
Over the last fiscal year, Fund For The Public Interest Inc has awarded $498,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA PUBLIC INTEREST RESEARCH GROUP INC PURPOSE: PROGRAM SUPPORT | $240,000 |
ENVIRONMENT AMERICA INC PURPOSE: PROGRAM SUPPORT | $150,000 |
RHODE ISLAND PUBLIC INTEREST RESEARCH GROUP INC PURPOSE: PROGRAM SUPPORT | $65,000 |
TEXAS PUBLIC INTEREST RESEARCH GROUP INC PURPOSE: PROGRAM SUPPORT | $43,000 |