Hr Policy Association
- Assets
- $9.4m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 09/1959
- Data as of
- 12/2023
- EIN
- 52-0747972
Organization Overview
Hr Policy Association is located in Arlington, VA. The organization was established in 1959. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hr Policy Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Hr Policy Association generated $13.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $13.0m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 8 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
RESEARCH AND DEVELOPMENT OF HUMAN RESOURCES POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEY PRACTICE AREAS INCLUDE TALENT AND WORKFORCE DEVELOPMENT, IMPACT OF ARTIFICIAL INTELLIGENCE ON THE HR PROFESSION, DIVERSITY, EQUITY, AND INCLUSION INTIATIVE FOR THE HR PROFESSION, HEALTHCARE, EXECUTIVE COMPENSATION, LABOR LAW, LABOR RELATIONS, WAGE AND HOUR ISSUES, EMPLOYMENT POLICY, IMMIGRATION, RETIREMENT SECURITY, INTERNATIONAL HUMAN RESOURCES AND LABOR RELATIONS DEVELOPMENTS, AND MEMBER EDUCATION, DEVELOPMENT AND NETWORKING, BOTH IN THE US AND GLOBALLY. ALL KEY PRACTICE AREAS LISTED ABOVE ARE FOR THE MISSION OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela O Kimmet Chair | OfficerTrustee | 0 | $0 |
Kevin Cox Director | Trustee | 0 | $0 |
Monique R Herena Vice Chair | OfficerTrustee | 0 | $0 |
Lucien Alziari Director | Trustee | 0 | $0 |
Darrell L Ford Director | Trustee | 0 | $0 |
Deborah H Caplan Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles G Tharp Llc Prof. Consulting | 12/30/23 | $253,418 |
Tributary Llp Admin/consulting | 12/30/23 | $7,800,373 |
Amanda Beck Prof. Consulting | 12/30/23 | $225,241 |
Rf Human Capital Partners Llc Prof. Consulting | 12/30/23 | $372,019 |
Grassrootslab Llc Prof. Consulting | 12/30/23 | $124,552 |
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 | $817,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $817,550 |
| Total Program Service Revenue | $12,718,030 |
| Investment income | $172,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $232,334 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,305 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,903,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,100 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $4,063,424 |
| Fees for services: Legal | $648,630 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $4,070,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,898 |
| Fees for services: Other | $4,389,493 |
| Advertising and promotion | $4,048 |
| Office expenses | $111,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,224 |
| Travel | $1,759,414 |
| 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 | $128,475 |
| Insurance | $6,463 |
| All other expenses | -$2,946,863 |
| Total functional expenses | $12,991,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,729,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,018 |
| 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 | $389,090 |
| Net Land, buildings, and equipment | $279,612 |
| Investments—publicly traded securities | $2,860,649 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,411,819 |
| Accounts payable and accrued expenses | $263,102 |
| Grants payable | $0 |
| Deferred revenue | $7,458,842 |
| 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 | $35,521 |
| Total liabilities | $7,757,465 |
| Net assets without donor restrictions | $1,654,354 |
| 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 | $9,411,819 |
Grants Awarded
Over the last fiscal year, Hr Policy Association has awarded $55,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HR POLICY FOUNDATION PURPOSE: FOUNDATION SUPPORT | $48,400 |
EBRI EDUCATION RESEARCH FUND PURPOSE: Foundation support | $7,500 |