Fiscal Policy Institute
- Assets
- $445.0k
- Revenue
- $544.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Brooklyn, NY
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 14-1737256
Organization Overview
Fiscal Policy Institute is located in Brooklyn, NY. The organization was established in 1992. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Fiscal Policy Institute employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiscal Policy Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fiscal Policy Institute generated $544.3k 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 (6.3%) each year. All expenses for the organization totaled $746.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO IMPROVING PUBLIC POLICIES AND PRIVATE PRACTICES TO BETTER THE ECONOMIC AND SOCIAL CONDITIONS OF ALL NEW YORKERS. FOUNDED IN 1991, FPI IS COMMITTED TO CREATING A STRONG ECONOMY IN WHICH PROSPERITY IS SHARED BY ALL NEW YORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FISCAL POLICY INSTITUTE (FPI) IS A NONPARTISAN RESEARCH AND EDUCATION ORGANIZATION THAT FOCUSES ON THE TAX, BUDGET, AND ECONOMIC ISSUES THAT AFFECT THE QUALITY OF LIFE AND WELL-BEING OF NEW YORK STATE RESIDENTS. FPI'S WORK IS INTENDED TO FURTHER THE DEVELOPMENT AND IMPLEMENTATION OF PUBLIC POLICIES THAT CREATE A STRONG ECONOMY IN WHICH PROSPERITY IS BROADLY SHARED BY ALL NEW YORKERS. FPI UTILIZES ITS PUBLICATIONS TO PROMOTE PUBLIC AND GOVERNMENTAL UNDERSTANDING OF FISCAL ISSUES THAT ARE IMPORTANT TO NEW YORK'S FUTURE. THE INSTITUTE ISSUES PUBLICATIONS THAT ARE IMPORTANT TO NEW YORK'S FUTURE. THE INSITUTE DISSEMINATES THE RESULTS OF ITS RESEARCH THROUGH INFORMATIONAL MEETINGS, FORUMS, TRAINING SESSIONS, HEARINGS, CONFERENCES, ROUND TABLE DISCUSSIONS AND PERIOD REPORTS. THROUGH THESE EFFORTS THE INSTITUTE GENERATES INFORMED DISCUSSIONS OF THE STATE'S FISCAL SITUATION, FISCAL POLICY AND WAYS TO IMPROVE THESE POLICIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Deutsch 2021 Exec Di | Trustee | 40 | $17,369 |
Brian Mcdonnell Vice Chair | OfficerTrustee | 2 | $0 |
Sybil Mcpherson Secretary | OfficerTrustee | 2 | $0 |
Jean Ross Treasurer | OfficerTrustee | 2 | $0 |
Nancy Rankin Board Member | OfficerTrustee | 1 | $0 |
Debipriya Chatterjee Board Member | Trustee | 1 | $0 |
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 | $483,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $483,226 |
| Total Program Service Revenue | $58,333 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $544,319 |
| 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. | $17,369 |
| Compensation of current officers, directors, key employees. | $2,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,435 |
| Pension plan accruals and contributions | $13,177 |
| Other employee benefits | $30,835 |
| Payroll taxes | $36,353 |
| Fees for services: Management | $101,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,901 |
| Advertising and promotion | $0 |
| Office expenses | $6,585 |
| Information technology | $16,116 |
| Royalties | $0 |
| Occupancy | $34,401 |
| Travel | $955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $575 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,764 |
| All other expenses | $0 |
| Total functional expenses | $746,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,338 |
| Savings and temporary cash investments | $10,864 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| 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 | $756 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $444,958 |
| Accounts payable and accrued expenses | $35,924 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $35,924 |
| Net assets without donor restrictions | $399,034 |
| Net assets with donor restrictions | $10,000 |
| 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 | $444,958 |
Grants Awarded
Over the last fiscal year, Fiscal Policy Institute has awarded $62,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, NY PURPOSE: RELATING TO EITC WORK AND INCLUDING ELIGIBLE YOUNG WORKERS. | $25,000 |
New York, NY PURPOSE: RELATING TO EITC WORK. | $20,000 |
Albany, NY PURPOSE: RELATING TO EITC WORK | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Fiscal Policy Institute has recieved totaling $430,000.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Make The Road New York Jackson Heights, NY PURPOSE: Workplace Justice Organizing | $60,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: General Support | $50,000 |
American Federation Of State County & Municipal Employees Washington, DC PURPOSE: General | $35,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: General Support | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meadowlands Transportation Brokerage Corp WoodRidge, NJ | $9,362,092 | $5,724,797 |
Vermont Healthcare Information Technology Education Center Inc Williston, VT | $2,831,713 | $4,479,304 |
Highway Safety Network Inc Pottsville, PA | $1,279,802 | $3,232,974 |
Fiscal Policy Institute Brooklyn, NY | $444,958 | $544,319 |
Taxpayers For An Affordable New York Inc New York, NY | $201,084 | $954,895 |
Idle Hour Taxpayers Association Of Oakdale L I N Y Inc Oakdale, NY | $535,710 | $243,737 |
Simplifyct Inc Darien, CT | $144,562 | $338,100 |
Pennsylvania Association Of Public Employee Retirement Systems Harrisburg, PA | $170,226 | $0 |
Antarctic Circle Inc Astoria, NY | $54,260 | $6,260 |
Center For Cost Effective Governance Inc Bayport, NY | $16,279 | $0 |
International Tax Institute Inc New York, NY | $74,453 | $0 |
Plum Island Taxpayers And Associates Inc Newbury, MA | $44,357 | $0 |