Common Sense Institute
- Assets
- $837.5k
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Greenwood Village, CO
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-4253618
Organization Overview
Common Sense Institute is located in Greenwood Village, CO. The organization was established in 2011. According to its NTEE Classification (V05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Social Science and related organizations. As of 12/2023, Common Sense Institute employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Sense 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 12/2023, Common Sense Institute generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 31.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMON SENSE INSTITUTE (CSI) IS A NON-PARTISAN RESEARCH ORGANIZATION DEDICATED TO THE PROTECTION AND PROMOTION OF THE ECONOMY. AS A LEADING VOICE FOR FREE ENTERPRISE, CSI'S MISSION IS TO EXAMINE THE FISCAL IMPACTS OF POLICIES AND EDUCATE VOTERS ON ISSUES THAT IMPACT THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND RESEARCH PROGRAM CONSISTS OF DEVELOPING INDEPENDENT REPORTS, INCLUDING DYNAMIC ECONOMETRIC FISCAL ANALYSIS, ON POLICIES, INITIATIVES, AND PROPOSED LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Strohm President & | Officer | 40 | $320,000 |
Cinamon Watson COO | 40 | $261,055 | |
Katie Ratlief Az Exec Dire | 40 | $215,800 | |
Kelly Caufield Co Exec Dire | 40 | $199,143 | |
Christopher Brown Co VP Policy | 40 | $193,875 | |
Creigh Senich Dir Of Devel | 40 | $150,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $203,075 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,788,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,991,666 |
| Total Program Service Revenue | $0 |
| Investment income | $6,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$62,329 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,936,131 |
| 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. | $332,333 |
| Compensation of current officers, directors, key employees. | $66,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,663,049 |
| Pension plan accruals and contributions | $22,227 |
| Other employee benefits | $35,371 |
| Payroll taxes | $135,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,142 |
| Fees for services: Accounting | $37,057 |
| Fees for services: Lobbying | $32,917 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,249 |
| Advertising and promotion | $0 |
| Office expenses | $57,039 |
| Information technology | $101,277 |
| Royalties | $0 |
| Occupancy | $116,307 |
| Travel | $30,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,560 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,875 |
| Insurance | $8,029 |
| All other expenses | $1,356 |
| Total functional expenses | $3,501,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $388,121 |
| Pledges and grants receivable | $213,500 |
| 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 | $35,328 |
| Net Land, buildings, and equipment | $7,199 |
| Investments—publicly traded securities | $193,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $837,487 |
| Accounts payable and accrued expenses | $178,034 |
| 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 | $178,034 |
| Net assets without donor restrictions | $538,260 |
| Net assets with donor restrictions | $121,193 |
| 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 | $837,487 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Common Sense Institute Greenwood Village, CO | $837,487 | $3,936,131 |
Center For American Greatness Inc Phoenix, AZ | $368,891 | $1,115,677 |
Positive Money Us Inc Arvada, CO | $28,010 | $0 |
Artis Corporation Peoria, AZ | $49,214 | $6,154 |
Americas Majority Foundation Overland Park, KS | $13,779 | $0 |
Club 20 Education And Researchfoundation Inc Grand Junction, CO | $16,356 | $0 |