Common Sense Institute
- Assets
- $261.3k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Greenwood Village, CO
- Founding
- 09/2011
- Data as of
- 12/2021
- 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 12/2021, Common Sense Institute employed 10 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 12/2021, Common Sense Institute generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE SOUND FISCAL AND ECONOMIC RESEARCH IS ESSENTIAL TO UPHOLD COLORADOS ECONOMIC VITALITY, FUTURE, AND INDIVIDUAL OPPORTUNITY. AS A NON-PROFIT FREE-ENTERPRISE THINK TANK DEDICATED TO THE PROTECTION AND PROMOTION OF COLORADOS ECONOMY, OUR MISSION IS TO RESEARCH AND PROMOTE COMMON SENSE SOLUTIONS FOR THE MOST PRESSING PUBLIC POLICY ISSUES FACING COLORADO.
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 & CEO | Officer | 40 | $288,750 |
Christopher G Brown VP Policy/researc | 40 | $180,375 | |
Earl Wright Chairman | OfficerTrustee | 4 | $0 |
Walter A Buz Koelbel Jr Vice-Chair | OfficerTrustee | 2 | $0 |
Don Childears Director | Trustee | 2 | $0 |
Byron Haselden Director | Trustee | 2 | $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 | $1,458,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,458,537 |
| Total Program Service Revenue | $0 |
| Investment income | $496 |
| 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 | $1,459,033 |
| 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. | $294,303 |
| Compensation of current officers, directors, key employees. | $235,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $385,647 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,250 |
| Payroll taxes | $42,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,447 |
| Fees for services: Lobbying | $24,996 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,058 |
| Advertising and promotion | $142,234 |
| Office expenses | $17,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,069 |
| Travel | $4,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $990 |
| Insurance | $2,487 |
| All other expenses | $65,308 |
| Total functional expenses | $1,335,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,505 |
| 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 | $19,142 |
| Net Land, buildings, and equipment | $5,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,441 |
| Other assets | $3,030 |
| Total assets | $261,276 |
| Accounts payable and accrued expenses | $43,141 |
| 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 | $43,141 |
| Net assets without donor restrictions | $102,113 |
| Net assets with donor restrictions | $116,022 |
| 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 | $261,276 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Common Sense Institute has recieved totaling $1,514,609.
| Awarding Organization | Amount |
|---|---|
Adolph Coors Foundation Denver, CO PURPOSE: PROGRAM SPECIFIC | $800,000 |
Colorado Opportunity Foundation Lafayette, CO PURPOSE: GENERAL PURPOSE RESEARCH GRANT | $285,000 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $201,000 |
Rocky Mountain Policy Group Denver, CO PURPOSE: GENERAL SUPPORT | $60,000 |
Daniels Fund Denver, CO PURPOSE: HOMELESSNESS LANDSCAPE ANALYSIS PHASE TWO | $50,000 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: RESEARCH | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For American Greatness Inc Phoenix, AZ | $686,344 | $1,467,027 |
Common Sense Institute Greenwood Village, CO | $261,276 | $1,459,033 |
Artis Corporation Peoria, AZ | $95,772 | $71,766 |
Americas Majority Foundation Overland Park, KS | $13,779 | $0 |
Club 20 Education And Researchfoundation Inc Grand Junction, CO | $5,853 | $0 |