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 06/2021, Brookings Institution employed 565 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 06/2020, Brookings Institution generated $79.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $94.9m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 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
2020
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 AT THE LOCAL, NATIONAL, AND GLOBAL LEVEL.
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 THE AREAS OF SOUND MONETARY AND FISCAL POLICY, TAXATION, INCLUSIVE SOCIO-ECONOMIC POLICY, ECONOMIC OPPORTUNITY AND MOBILITY, HEALTH CARE AND SOCIAL INSURANCE ECONOMICS, COVID-19 RECOVERY, THE EFFICIENT WORKING OF MARKETS, AND CLIMATE-RESILIENT GROWTH. ECONOMIC STUDIES ALSO CONTINUED TO PRODUCE THE BROOKINGS PAPERS ON ECONOMIC ACTIVITY, THE LEADING SOURCE OF POLICY-ORIENTED, EMPIRICAL RESEARCH ON MACROECONOMICS. THE ECONOMIC STUDIES PROGRAM DISSEMINATED ITS FREQUENTLY CITED SCHOLARSHIP IN MORE THAN ONE HUNDRED PUBLISHED REPORTS AND RESEARCH PAPERS, WHILE ALSO PUBLISHING LONGER-FORM BOOKS AND JOURNALS AND SHORTER-FORM OP-EDS AND BLOG POSTS. THE PROGRAM HELD DOZENS OF EVENTS AND ITS SCHOLARS ALSO REGULARLY SPOKE AT EXTERNAL EVENTS AND TESTIFIED BEFORE THE U.S. CONGRESS. IMPORTANTLY, THE PROGRAM'S WORK INFORMED KEY POLICY INITIATIVES RANGING FROM NUTRITION ASSISTANCE AND EPIDEMIOLOGICAL RESPONSES DURING COVID-19, TO ADDRESSING SURPRISE MEDICAL BILLING IN THE NO SURPRISES ACT.
FOREIGN POLICY:THE FOREIGN POLICY PROGRAM CONDUCTS RESEARCH, ANALYSIS AND DIALOGUE IN ORDER TO INFORM PUBLIC UNDERSTANDING AND POLICY DECISIONS CONCERNING THE MOST PRESSING GEOPOLITICAL AND SECURITY ISSUES FACING THE U.S. POLICYMAKING COMMUNITY AND THE WORLD. IN THE PAST YEAR, FOREIGN POLICY SCHOLARS HAVE PUBLISHED A NUMBER OF REPORTS AND BOOKS, INCLUDING ON THE POLITICS OF THE PANDEMICS AND ITS IMPACT ON INTERNATIONAL ORDER, U.S. GRAND STRATEGY, AND U.S-CHINA RELATIONS. THE FOREIGN POLICY PROGRAM HAS CONVENED NUMEROUS EVENTS WITH LEADING U.S. AND INTERNATIONAL POLICY EXPERTS, FOREIGN POLICY SCHOLARS HAVE ALSO MADE APPEARANCES ON AND CONTRIBUTED TO ARTICLES IN MAJOR NEWS AND POLICY OUTLETS ACROSS THE POLITICAL SPECTRUM IN THE U.S. AND AROUND THE GLOBE. IN RECOGNITION OF THEIR LEADING SCHOLARSHIP, IN RECENT MONTHS OUR SCHOLARS HAVE PROVIDED TESTIMONY AND POLICY BRIEFINGS TO THE U.S. CONGRESS AND KEY STAKEHOLDERS AROUND THE WORLD.
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 FOSTER INTERNATIONAL COOPERATION IN FIVE MAJOR THEMATIC AREAS: 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 RENEWED 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 BRING ITS FINDINGS TO KEY POLICY STAKEHOLDERS BOTH WITHIN THE U.S. AND WORLDWIDE THROUGH DOZENS OF VIRTUAL PANELS AND EVENTS, POLICY ENGAGEMENTS (E.G., PUBLIC AND PRIVATE BRIEFINGS), WIDELY READ OP-EDS AND REPORTS, AND INTERACTIVE TOOLS THAT ARE INFORMING POLICYMAKERS ON TRENDS RELATED TO WELLBEING, LEARNING, WORKER MOBILITY, AND MORE.
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 THE AREAS OF SOUND MONETARY AND FISCAL POLICY, TAXATION, INCLUSIVE SOCIO-ECONOMIC POLICY, ECONOMIC OPPORTUNITY AND MOBILITY, HEALTH CARE AND SOCIAL INSURANCE ECONOMICS, COVID-19 RECOVERY, THE EFFICIENT WORKING OF MARKETS, AND CLIMATE-RESILIENT GROWTH. ECONOMIC STUDIES ALSO CONTINUED TO PRODUCE THE BROOKINGS PAPERS ON ECONOMIC ACTIVITY, THE LEADING SOURCE OF POLICY-ORIENTED, EMPIRICAL RESEARCH ON MACROECONOMICS. THE ECONOMIC STUDIES PROGRAM DISSEMINATED ITS FREQUENTLY CITED SCHOLARSHIP IN MORE THAN ONE HUNDRED PUBLISHED REPORTS AND RESEARCH PAPERS, WHILE ALSO PUBLISHING LONGER-FORM BOOKS AND JOURNALS AND SHORTER-FORM OP-EDS AND BLOG POSTS. THE PROGRAM HELD DOZENS OF EVENTS AND ITS SCHOLARS ALSO REGULARLY SPOKE AT EXTERNAL EVENTS AND TESTIFIED BEFORE THE U.S. CONGRESS. IMPORTANTLY, THE PROGRAM'S WORK INFORMED KEY POLICY INITIATIVES RANGING FROM NUTRITION ASSISTANCE AND EPIDEMIOLOGICAL RESPONSES DURING COVID-19, TO ADDRESSING SURPRISE MEDICAL BILLING IN THE NO SURPRISES ACT.
FOREIGN POLICY:THE FOREIGN POLICY PROGRAM CONDUCTS RESEARCH, ANALYSIS AND DIALOGUE IN ORDER TO INFORM PUBLIC UNDERSTANDING AND POLICY DECISIONS CONCERNING THE MOST PRESSING GEOPOLITICAL AND SECURITY ISSUES FACING THE U.S. POLICYMAKING COMMUNITY AND THE WORLD. IN THE PAST YEAR, FOREIGN POLICY SCHOLARS HAVE PUBLISHED A NUMBER OF REPORTS AND BOOKS, INCLUDING ON THE POLITICS OF THE PANDEMICS AND ITS IMPACT ON INTERNATIONAL ORDER, U.S. GRAND STRATEGY, AND U.S-CHINA RELATIONS. THE FOREIGN POLICY PROGRAM HAS CONVENED NUMEROUS EVENTS WITH LEADING U.S. AND INTERNATIONAL POLICY EXPERTS, FOREIGN POLICY SCHOLARS HAVE ALSO MADE APPEARANCES ON AND CONTRIBUTED TO ARTICLES IN MAJOR NEWS AND POLICY OUTLETS ACROSS THE POLITICAL SPECTRUM IN THE U.S. AND AROUND THE GLOBE. IN RECOGNITION OF THEIR LEADING SCHOLARSHIP, IN RECENT MONTHS OUR SCHOLARS HAVE PROVIDED TESTIMONY AND POLICY BRIEFINGS TO THE U.S. CONGRESS AND KEY STAKEHOLDERS AROUND THE WORLD.
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 FOSTER INTERNATIONAL COOPERATION IN FIVE MAJOR THEMATIC AREAS: 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 RENEWED 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 BRING ITS FINDINGS TO KEY POLICY STAKEHOLDERS BOTH WITHIN THE U.S. AND WORLDWIDE THROUGH DOZENS OF VIRTUAL PANELS AND EVENTS, POLICY ENGAGEMENTS (E.G., PUBLIC AND PRIVATE BRIEFINGS), WIDELY READ OP-EDS AND REPORTS, AND INTERACTIVE TOOLS THAT ARE INFORMING POLICYMAKERS ON TRENDS RELATED TO WELLBEING, LEARNING, WORKER MOBILITY, AND MORE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Allen President | Officer | 40 | $893,715 |
Ted Gayer Executive Vice President | Officer | 40 | $460,767 |
William G Gale Sr Fellow & Dir, Tax Policy | 40 | $448,253 | |
Amy Liu Witmer Vp, Dir. Metropolitan Policy | Officer | 40 | $360,225 |
Darrell M West Vp, Dir. Governance Studies | Officer | 40 | $357,853 |
Catherine A Piez Chief Investment Officer | Officer | 40 | $348,265 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Apfs Llc (Addison Group) Consulting, Staffing & Recruiting, And E | 6/29/21 | $828,821 |
American Mechanical Services Of Md Llc Heating, Ventilation & Air Conditioning | 6/29/21 | $627,120 |
Results For Development Institute Inc Non-profit | 6/29/21 | $596,488 |
City Security Consultants Inc Security & Safety Training | 6/29/21 | $554,144 |
Apfs Llc (Addison Group) Consulting, Staffing & Recruiting, And E | 6/29/21 | $828,821 |
Sodexo Inc & Affiliates Facilities Mgmt | 6/29/21 | $671,984 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $63,041,977 |
Investment income | $4,204,899 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$18,254 |
Net Gain/Loss on Asset Sales | $8,110,878 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,032,996 |
Miscellaneous Revenue | $0 |
Total Revenue | $79,395,655 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $396,235 |
Grants and other assistance to Foreign Orgs/Individuals | $419,752 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $6,106,063 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $35,803,179 |
Pension plan accruals and contributions | $4,696,765 |
Other employee benefits | $11,198,230 |
Payroll taxes | $3,155,881 |
Fees for services: Management | $0 |
Fees for services: Legal | $236,775 |
Fees for services: Accounting | $200,644 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $51,600 |
Fees for services: Investment Management | $1,623,030 |
Fees for services: Other | $12,562,274 |
Advertising and promotion | $170,448 |
Office expenses | $1,406,448 |
Information technology | $2,494,533 |
Royalties | $0 |
Occupancy | $2,432,074 |
Travel | $1,791,153 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $27,232 |
Conferences, conventions, and meetings | $1,882,762 |
Interest | $1,087,650 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,080,628 |
Insurance | $384,074 |
All other expenses | $0 |
Total functional expenses | $94,943,466 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $24,872,409 |
Savings and temporary cash investments | $74,697,770 |
Pledges and grants receivable | $63,308,682 |
Accounts receivable, net | $156,342 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $102,401 |
Prepaid expenses and deferred charges | $1,160,402 |
Investments—publicly traded securities | $185,572,781 |
Investments—other securities | $113,957,384 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $999,414 |
Total assets | $492,547,778 |
Accounts payable and accrued expenses | $7,754,671 |
Grants payable | $0 |
Deferred revenue | $1,299,419 |
Tax-exempt bond liabilities | $44,623,945 |
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 | $2,905,579 |
Total liabilities | $56,583,614 |
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 | $435,964,164 |
Over the last fiscal year, we have identified 2 grants that Brookings Institution has recieved totaling $51,000.
Awarding Organization | Amount |
---|---|
Alex C Walker Educational & Charitable Foundation 28668-0 Pittsburgh, PA PURPOSE: US MKTS CLIMATE | $50,000 |
The Codd Family Foundation Reno, NV PURPOSE: GENERAL DONATION | $1,000 |
Beg. Balance | $433,548,030 |
Earnings | $106,055,864 |
Admin Expense | $1,574,898 |
Net Contributions | $45,460,966 |
Other Expense | $82,601,969 |
Ending Balance | $500,887,993 |
Organization Name | Assets | Revenue |
---|---|---|
Brookings Institution Washington, DC | $492,547,778 | $79,395,655 |
Mercatus Center Inc Arlington, VA | $43,899,623 | $50,106,510 |
Atlas Economic Research Foundation Arlington, VA | $16,820,562 | $19,446,645 |
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
Economic Policy Institute Washington, DC | $19,510,723 | $16,459,436 |
Washington Center For Equitable Growth Inc Washington, DC | $11,979,868 | $8,578,592 |
The Economic Club Of Washington Dc Washington, DC | $12,647,182 | $5,525,813 |
Better Markets Inc Washington, DC | $2,865,112 | $2,225,155 |
Partnership For A New American Economy Research Fund Inc Washington, DC | $0 | $2,102,379 |
The Institute For Financial Markets Washington, DC | $6,341,875 | $527,039 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |
Maryland Center On Economic Policy Inc Baltimore, MD | $515,217 | $676,248 |