Joint Center For Political And Economic Studies Inc
- Assets
- $11.4m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 52-1069070
Organization Overview
Joint Center For Political And Economic Studies Inc is located in Washington, DC. The organization was established in 1976. According to its NTEE Classification (V24) the organization is classified as: Political Science, under the broad grouping of Social Science and related organizations. As of 12/2021, Joint Center For Political And Economic Studies Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joint Center For Political And Economic Studies 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 12/2021, Joint Center For Political And Economic Studies Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 28.7% 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
THE JOINT CENTER FOR POLITICAL AND ECONOMIC STUDIES, AMERICA'S BLACK THINK TANK, PROVIDES COMPELLING AND ACTIONABLE POLICY SOLUTIONS TO ERADICATE PERSISTENT AND EVOLVING BARRIERS TO THE FULL FREEDOM OF BLACK PEOPLE IN AMERICA. WE ARE THE TRUSTED FORUM FOR LEADING EXPERTS AND SCHOLARS TO PARTICIPATE IN MAJOR PUBLIC POLICY DEBATES AND PROMOTE IDEAS THAT ADVANCE BLACK COMMUNITIES. WE USE EVIDENCE-BASED RESEARCH, ANALYSIS, CONVENINGS, AND STRATEGIC COMMUNICATIONS TO SUPPORT BLACK COMMUNITIES AND A NETWORK OF ALLIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC STUDIES: THE JOINT CENTER'S ECONOMIC STUDIES PROGRAM CONDUCTS SURVEY RESEARCH, PRODUCES POLICY RESEARCH AND ANALYSIS, WRITES AND PUBLISHES REPORTS AND FACT SHEETS, ORGANIZES EVENTS, AND DISSEMINATES INFORMATION ON BLACK COMMUNITIES AND THE FUTURE OF WORK, ENTREPRENEURSHIP, TECHNOLOGY, AND PROGRAMS THAT PROVIDE PATHWAYS TO ECONOMIC OPPORTUNITY AND SECURITY. THE ECONOMIC STUDIES PROGRAM ALSO EXPLORES AND INCUBATES NEW RESEARCH ISSUE AREAS.
POLITICAL STUDIES: THE JOINT CENTER'S POLITICAL STUDIES PROGRAM COLLECTS AND ANALYZES DATA, CONDUCTS SURVEY RESEARCH, PRODUCES POLICY RESEARCH AND ANALYSIS, WRITES AND PUBLISHES REPORTS AND FACT SHEETS, ORGANIZES EVENTS, AND DISSEMINATES INFORMATION ON CONGRESSIONAL STAFF DIVERSITY, AND OTHER ISSUES RELATED TO THE CIVIC ENGAGEMENT AND PARTICIPATION OF BLACK COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Fulton Vice President, Policy | 43 | $150,000 | |
Spencer Overton President | OfficerTrustee | 48 | $128,519 |
Dominique Harrison Director, Technology Policy | 40 | $124,449 | |
Lashonda Brenson Senior Researcher | 40 | $122,696 | |
Kenneth Jones Governor, Treasurer, Eff. 6/21 | OfficerTrustee | 4 | $0 |
Robert Raben Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Commonwealth Action Consulting | 12/30/13 | $283,161 |
Mxd Collaborative Inc Consulting | 12/30/13 | $119,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,162,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,288,001 |
| Total Program Service Revenue | $0 |
| Investment income | $343 |
| 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 | $7,289,544 |
| 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. | $128,519 |
| Compensation of current officers, directors, key employees. | $73,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $957,067 |
| Pension plan accruals and contributions | $26,722 |
| Other employee benefits | $72,984 |
| Payroll taxes | $91,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $165,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $608,403 |
| Advertising and promotion | $173,347 |
| Office expenses | $29,434 |
| Information technology | $42,983 |
| Royalties | $0 |
| Occupancy | $85,644 |
| Travel | $4,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,661 |
| All other expenses | $4,844 |
| Total functional expenses | $2,412,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,204,601 |
| Savings and temporary cash investments | $831,374 |
| Pledges and grants receivable | $2,280,518 |
| 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 | $49,999 |
| 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 | $11,366,492 |
| Accounts payable and accrued expenses | $212,335 |
| 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 | $212,335 |
| Net assets without donor restrictions | $4,528,019 |
| Net assets with donor restrictions | $6,626,138 |
| 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 | $11,366,492 |
Grants Awarded
Over the last fiscal year, Joint Center For Political And Economic Studies Inc has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE COUNTY EQUITY MATTERS #2 | | | $50,000 |
BERNALLILO COUNTY RIO GRANDE | | | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Joint Center For Political And Economic Studies Inc has recieved totaling $3,959,960.
| Awarding Organization | Amount |
|---|---|
Democracy Fund Inc Washington, DC PURPOSE: GENERAL SUPPORT | $550,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $500,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $462,500 |
Open Society Policy Center Inc New York, NY PURPOSE: SUPPORT POLICY ADVOCACY | $250,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $250,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $250,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Becket Fund Washington, DC | $15,541,342 | $13,973,613 |
The Fund For American Studies Washington, DC | $28,894,922 | $6,879,817 |
American Political Science Association Washington, DC | $50,816,738 | $7,939,452 |
Joint Center For Political And Economic Studies Inc Washington, DC | $11,366,492 | $7,289,544 |
The Center For The Study Of The Presidency And Congress Washington, DC | $7,091,325 | $2,113,845 |
Washington Monthly Corporation Washington, DC | $1,796,929 | $2,050,595 |
Institute For Research Middle Eastern Policy Inc Washington, DC | $96,170 | $0 |
Committee For A Fair Judiciary Washington, DC | $279,470 | $300,000 |
The Historical Society Of The District Of Columbia Circuit Washington, DC | $559,303 | $208,610 |
Us-Japan Research Institute Washington, DC | $0 | $2,422 |