Potomac Institute For Policy Studies
- Assets
- $5.7m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 43
- Location
- Arlington, VA
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 54-1700997
Organization Overview
Potomac Institute For Policy Studies is located in Arlington, VA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Potomac Institute For Policy Studies employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Institute For Policy Studies 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, Potomac Institute For Policy Studies generated $10.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $10.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONTRACT RESEARCH & STUDIES OF SCIENTIFIC TECHNOLOGY & POLICY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE ASSISTED THE FEDERAL GOVERNMENT AND PRIVATE INDUSTRY IN DEVELOPING SCIENTIFIC & TECHNOLOGY POLICIES, INCLUDING STRATEGIC PLANNING, TECHNICAL EVALUATION, AND TECHNICAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer M Buss PHD CEO | OfficerTrustee | 40 | $320,190 |
Gail G Clifford CPA VP For Financial Mgmt | OfficerTrustee | 40 | $301,993 |
Michael Fritze Employee | 40 | $197,494 | |
Robert Hummel Employee | 40 | $195,330 | |
Carmen Farro Employee | 40 | $179,292 | |
Gary Brown Employee | 40 | $166,276 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mantel Technologies Inc Consulting | 12/30/21 | $550,000 |
Aframe Consulting | 12/30/21 | $440,000 |
William J Nichols Consulting | 12/30/21 | $163,125 |
Ob Idenx Inc Consulting | 12/30/21 | $125,000 |
Frisard Consulting Group Consulting | 12/30/21 | $116,883 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,803,440 |
| Investment income | $2,333 |
| 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 | $10,808,828 |
| 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. | $1,084,895 |
| Compensation of current officers, directors, key employees. | $458,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,266,277 |
| Pension plan accruals and contributions | $181,332 |
| Other employee benefits | $1,354,286 |
| Payroll taxes | $308,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $986 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,351,145 |
| Travel | $39,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,024 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,639 |
| Insurance | $2,347 |
| All other expenses | -$4,766,061 |
| Total functional expenses | $10,410,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,686,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,193,045 |
| 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 | $0 |
| Net Land, buildings, and equipment | $138,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $724,072 |
| Total assets | $5,742,038 |
| Accounts payable and accrued expenses | $329,047 |
| 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 | $1,288,549 |
| Total liabilities | $1,617,596 |
| Net assets without donor restrictions | $4,124,442 |
| 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 | $5,742,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Potomac Institute For Policy Studies has recieved totaling -$25,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | -$25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mortgage Bankers Association Of America Washington, DC | $151,811,395 | $48,193,239 |
New America Foundation Washington, DC | $57,037,802 | $40,604,855 |
The One Campaign Washington, DC | $67,622,430 | $19,634,455 |
National Association Of County And City Health Officials Washington, DC | $14,670,823 | $33,691,939 |
The Albert B Sabin Vaccine Institute Inc Washington, DC | $18,738,050 | $26,913,156 |
St Coletta Of Greater Washington Inc Washington, DC | $37,883,272 | $21,114,468 |
Fisher House Foundation Inc Rockville, MD | $70,108,334 | $49,075,688 |
The Executive Leadership Council Inc Washington, DC | $54,122,664 | $27,390,915 |
Stoddard Baptist Home Washington, DC | $9,543,224 | $16,392,235 |
Voter Registration Project Washington, DC | $11,195,050 | $17,087,982 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Robert F Kennedy Center For Justice And Human Rights Washington, DC | $60,116,357 | $7,527,165 |