Florida Policy Institute Inc
- Assets
- $3.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Orlando, FL
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-2759708
Organization Overview
Florida Policy Institute Inc is located in Orlando, FL. The organization was established in 2015. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Florida Policy Institute Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida 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 12/2023, Florida Policy Institute Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. 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 ADVANCE STATE POLICIES THAT IMPROVE THE ECONOMIC MOBILITY AND QUALITY OF LIFE FOR ALL FLORIDIANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FPI'S ACTIVITIES IN 2023 CONSISTED OF THE FOLLOWING: CONDUCTING HIGH QUALITY, CREDIBLE RESEARCH; ANALYZING PUBLIC POLICY AND DEVELOPING POLICY RECOMMENDATIONS; EDUCATING POLICYMAKERS, THE PUBLIC, AND THE MEDIA; BUILDING STRATEGIC PARTNERSHIPS WITH ORGANIZATIONS AND COALITIONS; AND ADVOCATING FOR SMART PUBLIC POLICIES. OUR GOAL IS TO BE AN ACCURATE, TRUSTED SOURCE OF INFORMATION FOR POLICYMAKERS, ADVOCATES, THE MEDIA, AND THE PUBLIC AT LARGE. FPI'S MISSION IS TO ADVANCE STATE POLICIES AND BUDGETS THAT IMPROVE THE ECONOMIC MOBILITY AND QUALITY OF LIFE FOR ALL FLORIDIANS. OUR VISION IS THAT OF A STATE WHERE EVERY FLORIDIAN HAS AN EQUAL OPPORTUNITY TO THRIVE; A STATE WHERE EVERYONE HAS EQUITABLE ACCESS TO HEALTH CARE, EDUCATION, HOUSING, AND JOBS WITH NO BARRIERS BASED ON RACE OR ETHNICITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sadaf Knight Chief Executive Officer | Officer | 40 | $105,263 |
Holly Bullard Chief Strat. & Dev. Office | Officer | 40 | $95,016 |
Brent Schillinger Chair | OfficerTrustee | 0.5 | $0 |
Braulio Colon Vice Chair | OfficerTrustee | 0.25 | $0 |
Jasmine Gebon Treasurer | OfficerTrustee | 0.23 | $0 |
Naim Kapucu Secretary | OfficerTrustee | 0.25 | $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 | $1,680,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,680,187 |
| Total Program Service Revenue | $0 |
| Investment income | $6,978 |
| 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 | $1,687,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,000 |
| 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. | $245,943 |
| Compensation of current officers, directors, key employees. | $9,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $667,024 |
| Pension plan accruals and contributions | $8,217 |
| Other employee benefits | $84,281 |
| Payroll taxes | $69,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $412 |
| Fees for services: Accounting | $30,388 |
| Fees for services: Lobbying | $85,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,008 |
| Advertising and promotion | $15,602 |
| Office expenses | $7,313 |
| Information technology | $40,610 |
| Royalties | $0 |
| Occupancy | $11,288 |
| Travel | $45,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,920 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,971 |
| Insurance | $7,149 |
| All other expenses | $414 |
| Total functional expenses | $1,555,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,039 |
| Savings and temporary cash investments | $2,215,079 |
| Pledges and grants receivable | $551,501 |
| 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 | $10,017 |
| Net Land, buildings, and equipment | $33,302 |
| Investments—publicly traded securities | $98,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,100 |
| Total assets | $3,063,511 |
| Accounts payable and accrued expenses | $54,949 |
| Grants payable | $0 |
| Deferred revenue | $78,803 |
| 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 | $133,752 |
| Net assets without donor restrictions | $1,358,330 |
| Net assets with donor restrictions | $1,571,429 |
| 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 | $3,063,511 |
Grants Awarded
Over the last fiscal year, Florida Policy Institute Inc has awarded $90,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA IMMIGRANT COALITION PURPOSE: SUPPORT ADVOCACY AND OUTREACH RELATING TO ANTI-IMMIGRANT INITIATIVES IN FLORIDA. | $60,000 |
NEW VENTURE FUND PURPOSE: SUPPORT ADVOCACY AND OUTREACH RELATING TO ANTI-IMMIGRANT INITIATIVES IN FLORIDA. NEW VENTURE FUND IS THE FISCAL SPONSOR OF THEDREAM.US, WHO WAS THE PARTNER ORGANIZATION RECEIVING THE GRANT. | $20,000 |
FAMILIES FOR STRONG PUBLIC SCHOOLS PURPOSE: SUPPORT EFFORTS TO PRESERVE FUNDING FOR K-12 EDUCATION IN FLORIDA. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Budget And Policy Institute Inc Atlanta, GA | $3,080,397 | $2,344,096 |
The James Madison Institute For Public Policy Studies Inc Tallahassee, FL | $2,224,182 | $2,749,626 |
Florida Policy Institute Inc Orlando, FL | $3,063,511 | $1,687,165 |
Abraham Accords Peace Institute Inc Tallahassee, FL | $678,889 | $1,217,193 |
Florida Conference Of Catholic Bishops Inc Tallahassee, FL | $308,206 | $500,981 |
Florida Research Institute For Governmental Studies Inc Miami, FL | $0 | $2,614 |
Smart Alec Atlanta, GA | $14,275 | $0 |
Florida Center For Fiscal And Economic Policy Inc Tallahassee, FL | $942,037 | $142,916 |
Generator Studio Inc Atlanta, GA | $2,624 | $0 |
Tampa Bay Regional Health Information Organization Tampa, FL | $23,250 | $0 |
Onpoint Technologies Inc Winter Park, FL | $0 | $2,523,306 |