Indiana Fiscal Policy Institute Inc
- Assets
- $45.7k
- Revenue
- $103.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 09/1987
- Data as of
- 06/2023
- EIN
- 35-0411770
Organization Overview
Indiana Fiscal Policy Institute Inc is located in Indianapolis, IN. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Fiscal Policy Institute Inc 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 06/2023, Indiana Fiscal Policy Institute Inc generated $103.3k 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 (3.0%) each year. All expenses for the organization totaled $92.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE EFFECTIVENESS AND ACCOUNTABILITY OF STATE AND LOCAL GOVERNMENT THROUGH EDUCATION OF: PUBLIC SECTOR, BUSINESS AND LABOR LEADERS ON SIGNIFICANT FISCAL POLICY ISSUES AND THE CONSEQUENCES OF STATE AND LOCAL DECISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDIANA FISCAL POLICY INSTITUTE (IFPI) IS INDIANA'S ONLY INDEPENDENT, STATEWIDE SOURCE OF ONGOING RESEARCH AND ANALYSIS INTO STATE AND LOCAL TAXING AND SPENDING POLICIES. THE IFPI IS PRIVATELY SUPPORTED BY A VARIETY OF ORGANIZATIONS, BUSINESSES, ASSOCIATIONS, AND INDIVIDUALS IN INDIANA AND SURROUNDING STATES. IFPI'S MISSION IS TO ENHANCE THE EFFECTIVENESS AND ACCOUNTABILITY OF STATE AND LOCAL GOVERNMENT THROUGH THE EDUCATION OF POLICYMAKERS, THE PRIVATE SECTOR AND PUBLIC-AT-LARGE ON CRITICAL FISCAL ISSUES AND THE LONGER-TERM CONSEQUENCES OF POLICIES ADDRESSING THEM. IFPI DOES NOT LOBBY, SUPPORT, OR OPPOSE CANDIDATES FOR PUBLIC OFFICE, INSTEAD RELYING ON OBJECTIVE RESEARCH FOR ASSESSING AND INFLUENCING SOUND FISCAL STRATEGIES.IFPI HAS ADVANCED THIS MISSION BY PROVIDING ONGOING ANALYSIS AND COMMENTARY ON THE FISCAL IMPACT AND IMPLICATIONS OF DEVELOPMENTS AT THE INDIANA GENERAL ASSEMBLY, COMMUNICATING DIRECTLY WITH ITS PARTNERS, STAKEHOLDERS AND ELECTED OFFICIALS, AS WELL AS WORKING THROUGH THE MEDIA (PROVIDING INTERVIEWS, SUBMITTING COMMENTARIES AND OBSERVATIONS ON ISSUES OF NOTE), AND GIVING PRESENTATIONS TO BUSINESS, CIVIC AND ECONOMIC DEVELOPMENT GROUPS ACROSS THE STATE OF INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Davey Vice Chair/chair Elect | OfficerTrustee | 1 | $0 |
Brian Tabor Treasurer | OfficerTrustee | 1 | $0 |
Gretchen Gutman Immediate Past Chair | OfficerTrustee | 1 | $0 |
Andrew Miller Chair | OfficerTrustee | 1 | $0 |
Katrina Hall Board Member | Trustee | 1 | $0 |
Tony Hahn Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $101,160 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,160 |
| Total Program Service Revenue | $2,170 |
| Investment income | $4 |
| 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 | $103,334 |
| 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. | $58,000 |
| Compensation of current officers, directors, key employees. | $5,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,275 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $259 |
| Advertising and promotion | $0 |
| Office expenses | $2,118 |
| Information technology | $238 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,386 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $450 |
| Total functional expenses | $92,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,690 |
| Savings and temporary cash investments | $9,037 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $0 |
| 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 | $45,727 |
| Accounts payable and accrued expenses | $108 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $5,108 |
| Net assets without donor restrictions | $40,619 |
| 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 | $45,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Policy Forum Inc Milwaukee, WI | $7,199,769 | $1,577,838 |
Wirepoints Corp Wilmette, IL | $348,140 | $294,175 |
John K Maciver Institute For Public Policy Inc Madison, WI | $430,050 | $581,511 |
Gfoa Endowment Corporation Chicago, IL | $30,771,656 | $566,655 |
Pharmacy Agent Corporation Jefferson City, MO | $7,676,071 | $646,866 |
Truth In Accounting Glencoe, IL | $198,897 | $215,419 |
United For Missouris Future Jefferson City, MO | $24,232 | $0 |
National Taxpayers United Of Illinois Chicago, IL | $8,908 | $0 |
Indiana Fiscal Policy Institute Inc Indianapolis, IN | $45,727 | $103,334 |
Taxpayer Education Foundation Chicago, IL | $4,220 | $0 |
Munibuy Te Robbins Corp Chicago, IL | $1,287,757 | $51,254 |
Heart Of America Tax Institute Kansas City, MO | $126,063 | $0 |
Illinois Fiscal Policy Council Springfield, IL | $14,976 | $3,535 |
Franz & Helly Kallmann Fd Trust Chicago, IL | $129,343 | $4,304 |