Brookings Institution
- Assets
- $568.2m
- Revenue
- $67.9m
- Investments
- $239.0m
- Employees
- 629
- Location
- Washington, DC
- Founding
- 03/1940
- Data as of
- 06/2021
- EIN
- 53-0196577
Organization Overview
Brookings Institution is located in Washington, DC. The organization was established in 1940. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 06/2022, Brookings Institution employed 629 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookings Institution 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 06/2021, Brookings Institution generated $67.9m 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 (6.6%) each year. All expenses for the organization totaled $85.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Brookings Institution has awarded 11 individual grants totaling $1,866,421. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT IN-DEPTH, INDEPENDENT RESEARCH THAT LEADS TO NEW IDEAS FOR SOLVING PROBLEMS FACING SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC STUDIES:THE ECONOMIC STUDIES PROGRAM PROVIDES ANALYSIS OF CURRENT AND EMERGING ECONOMIC ISSUES TO INFORM PUBLIC POLICY THROUGH INNOVATIVE AND PRACTICAL POLICY SOLUTIONS. OVER THE PAST YEAR, ECONOMIC STUDIES SCHOLARS CONDUCTED RIGOROUS RESEARCH AND POLICY ANALYSIS IN AREAS INCLUDING BUT NOT LIMITED TO SOUND MONETARY AND FISCAL POLICY, TAXATION, INCLUSIVE SOCIO-ECONOMIC POLICY, ECONOMIC OPPORTUNITY AND MOBILITY, HEALTH CARE AND SOCIAL INSURANCE ECONOMICS, THE EFFICIENT WORKING OF MARKETS, AND CLIMATE-RESILIENT GROWTH. THE ECONOMIC STUDIES PROGRAM DISSEMINATED ITS FREQUENTLY CITED SCHOLARSHIP IN PUBLISHED REPORTS, RESEARCH PAPERS, JOURNALS, LONGER-FORM BOOKS AND SHORTER-FORM OP-EDS AND BLOG POSTS, AS WELL AS THROUGH EVENTS.
GLOBAL ECONOMY AND DEVELOPMENT:THE GLOBAL ECONOMY & DEVELOPMENT (GLOBAL) PROGRAM OFFERS INNOVATIVE POLICY SOLUTIONS AND TOOLS TO HELP GLOBAL, NATIONAL, AND LOCAL POLICYMAKERS BUILD MORE EQUITABLE AND SUSTAINABLE ECONOMIC SYSTEMS THAT DELIVER PROSPERITY AND WELL-BEING FOR ALL. GLOBAL'S INTERDISCIPLINARY TEAM OF EXPERTS PROVIDES THOUGHT LEADERSHIP, CUTTING-EDGE RESEARCH, AND INNOVATIVE SOLUTIONS THAT INFORM POLICY AND INTERNATIONAL COOPERATION IN THEMATIC AREAS INCLUDING HARNESSING TECHNOLOGY FOR INCLUSIVE GROWTH AND DEVELOPMENT; CLIMATE POLICY AND ACTION FOR SUSTAINABLE INCLUSIVE GROWTH AND DEVELOPMENT; GLOBAL EDUCATION AND SKILLS DEVELOPMENT; SUSTAINABLE DEVELOPMENT AND FINANCING FOR DEVELOPMENT; AND MULTILATERALISM AND INTERNATIONAL COOPERATION. THROUGH THIS WORK, GLOBAL EXPERTS HOPE TO INFORM AND FACILITATE PROGRESS TOWARD THE SUSTAINABLE DEVELOPMENT GOALS (SDGS), BUILD PARTNERSHIPS IN PURSUIT OF INCLUSIVE DEVELOPMENT, AND ULTIMATELY REDUCE GLOBAL POVERTY AND OTHER SOURCES OF SOCIAL STRESS. OVER THE PAST YEAR, GLOBAL CONTINUED TO SHARE ITS FINDINGS WITH AUDIENCES THROUGH VARIOUS EVENTS, WIDELY READ BOOKS, REPORTS AND OP-EDS, AND INTERACTIVE TOOLS.
FOREIGN POLICY:THE FOREIGN POLICY PROGRAM CONDUCTS RESEARCH, ANALYSIS AND CONVENING IN ORDER TO INFORM PUBLIC UNDERSTANDING AND POLICY DIALOGUE CONCERNING THE MOST PRESSING GEOPOLITICAL AND SECURITY ISSUES FACING THE U.S. AND THE WORLD. IN ADDITION TO THE PROGRAM REGULARLY HOSTING EVENTS, FOREIGN POLICY SCHOLARS HAVE PUBLISHED A NUMBER OF REPORTS AND BOOKS WHILE ALSO MAKING APPEARANCES ON THE PAGES AND AIRWAVES OF MAJOR NEWS AND POLICY OUTLETS ACROSS THE POLITICAL SPECTRUM IN THE U.S. AND AROUND THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn H Hutchins Co-Chair Of The Board | OfficerTrustee | 4 | $0 |
Suzanne Nora Johnson Co-Chair Of The Board | OfficerTrustee | 4 | $0 |
Arthur R Collins Vice Chair Of Board | OfficerTrustee | 3 | $0 |
Leonard D Schaeffer Vice Chair Of Board | OfficerTrustee | 3 | $0 |
Cheryl Cohen Effron Treasurer Thru 6/3/22; Vc Nominations & Governance | OfficerTrustee | 3 | $0 |
David Weinberg Treasurer Of The Board On 6/3/22 | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apfs Llc (Addison Group) Recruiter/staffing Agency | 6/29/22 | $1,163,266 |
Ajilon Professional Staffing Staffing Agency | 6/29/22 | $570,415 |
Accenture Llp Consulting | 6/29/22 | $487,577 |
City Security Consultants Inc Security Guard Services | 6/29/22 | $480,142 |
Alley Interactive Llc Web Development | 6/29/22 | $276,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,454,002 |
| Investment income | $2,345,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,278,909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,009,659 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,901,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $358,645 |
| Grants and other assistance to Foreign Orgs/Individuals | $157,956 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,533,852 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,822,281 |
| Pension plan accruals and contributions | $4,696,038 |
| Other employee benefits | $11,296,572 |
| Payroll taxes | $3,185,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $194,525 |
| Fees for services: Accounting | $208,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,448,431 |
| Fees for services: Other | $11,113,223 |
| Advertising and promotion | $164,185 |
| Office expenses | $1,112,500 |
| Information technology | $2,347,810 |
| Royalties | $0 |
| Occupancy | $1,751,178 |
| Travel | $97,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,929 |
| Interest | $725,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,348,586 |
| Insurance | $389,995 |
| All other expenses | $0 |
| Total functional expenses | $85,684,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,112,020 |
| Savings and temporary cash investments | $58,117,303 |
| Pledges and grants receivable | $32,611,204 |
| Accounts receivable, net | $283,818 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $110,133 |
| Prepaid expenses and deferred charges | $1,426,173 |
| Investments—publicly traded securities | $172,509,557 |
| Investments—other securities | $238,974,082 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $993,691 |
| Total assets | $568,244,186 |
| Accounts payable and accrued expenses | $8,703,927 |
| Grants payable | $0 |
| Deferred revenue | $5,958,890 |
| Tax-exempt bond liabilities | $43,836,739 |
| 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 | $2,609,628 |
| Total liabilities | $61,109,184 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $507,135,002 |
Grants Awarded
Over the last fiscal year, Brookings Institution has awarded $1,866,421 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD TRENDS INC PURPOSE: RESEARCH COLLABORATION | $15,000 |
RESULTS FOR DEVELOPMENT INSTITUTE INC PURPOSE: RESEARCH COLLABORATION | $1,234,592 |
AMERICAN UNIVERSITY PURPOSE: RESEARCH COLLABORATION | $49,378 |
THE CATHOLIC UNIVERSITY OF AMERICA PURPOSE: RESEARCH COLLABORATION | $29,433 |
THE HOWARD UNIVERSITY PURPOSE: RESEARCH COLLABORATION | $55,000 |
THE NEW SCHOOL PURPOSE: RESEARCH COLLABORATION | $281,250 |