California Budget & Policy Center
- Assets
- $9.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Sacramento, CA
- Founding
- 03/1995
- Data as of
- 12/2023
- EIN
- 68-0346784
Organization Overview
California Budget & Policy Center is located in Sacramento, CA. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, California Budget & Policy Center employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Budget & Policy Center 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 12/2023, California Budget & Policy Center generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 9 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
THE CALIFORNIA BUDGET & POLICY CENTER (BUDGET CENTER) IS A NONPARTISAN, RESEARCH AND ANALYSIS NONPROFIT COMMITTED TO ADVANCING PUBLIC POLICIES THAT IMPROVE THE LIVES OF CALIFORNIANS WHO ARE DENIED OPPORTUNITIES TO SHARE IN THE STATE'S WEALTH AND DESERVE THE DIGNITY AND SUPPORT TO LEAD THRIVING LIVES IN OUR COMMUNITIES.WE HIGHLIGHT INEQUITIES IN OUR STATE - SPECIFICALLY IN BUDGET CHOICES AND PUBLIC POLICIES AFFECTING LOW AND MIDDLE INCOME HOUSEHOLDS, WOMEN, IMMIGRANTS, AMERICAN INDIANS, ASIAN, BLACK, LATINX, AND PACIFIC ISLANDER CALIFORNIANS, AS WELL AS OTHER CALIFORNIANS OF COLOR, PEOPLE WITH DISABILITIES, AND LGBTQ+ CALIFORNIANS - AND IDENTIFY POLICY PATHWAYS THAT EXPAND ECONOMIC OPPORTUNITIES AND PROMOTE WELL-BEING FOR ALL CALIFORNIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUDGET CENTER DISTRIBUTES RESEARCH AND ANALYSIS BY PRODUCING BOTH LONG- AND SHORT-FORM PUBLICATIONS. THE BUDGET CENTER PRODUCED 42 ANALYSES IN 2023 TO ADVANCE PUBLIC POLICIES TO CREATE A MORE EQUITABLE CALIFORNIA THAT WERE PUBLISHED ON OUR WEBSITE AND DISTRIBUTED TO OUR EMAIL SUBSCRIBER LIST WHICH AVERAGED 8,770 SUBSCRIBERS. OUR WEBSITE HAD A TOTAL OF 228,000 VISITORS. THE BUDGET CENTER IS A TRUSTED SOURCE OF RELIABLE INFORMATION FOR THE MEDIA, FEATURED IN 200 UNIQUE ARTICLES AND 106 BROADCAST SPOTS IN 2023. WE ALSO DISTRIBUTE OUR PUBLICATIONS THROUGH SOCIAL MEDIA, ESPECIALLY TWITTER, WHERE WE MAINTAINED AN AVERAGE OF 10,000 FOLLOWERS AND HAD AN AVERAGE OF 24,790 IMPRESSIONS PER MONTH.
THE BUDGET CENTER ALSO MAINTAINS RELATIONSHIPS WITH ADVOCACY PARTNERS ACROSS THE STATE BY PARTICIPATING IN SPEAKING ENGAGEMENTS, SERVING ON BOARDS AND COMMITTEES, AND PROVIDING TECHNICAL ASSISTANCE. OUR STAFF SERVED ON 33-37 BOARDS OR COMMITTEES AT ANY GIVEN TIME THROUGHOUT THE YEAR, PARTICIPATED IN 83 SPEAKING ENGAGEMENTS, AND FULFILLED 189 TECHNICAL ASSISTANCE REQUESTS FROM STATE AND LOCAL ADVOCATES AND POLICYMAKERS AND THEIR STAFF. THESE PARTNERSHIPS HELP MAXIMIZE OUR IMPACT TO CREATE MORE EQUITABLE POLICY FOR ALL CALIFORNIANS.THE BUDGET CENTER HOSTED NINE VIRTUAL EVENTS IN 2023 WITH 3,790 REGISTRANTS AND ONE IN PERSON EVENT WITH 322 REGISTRANTS.
THE BUDGET CENTER ALSO SERVES AS A PARTNER AND CO-HOST IN THE BUDGET POWER PROJECT, A PARTNERSHIP WITH CATALYST CALIFORNIA AND THE MILLION VOTERS PROJECT TO BUILD LOCAL AND STATE BUDGET ADVOCACY CAPACITY TO ENSURE EQUITABLE OUTCOMES FOR LOCAL BUDGET DECISIONS THROUGH EDUCATION, TRAINING, TECHNICAL ASSISTANCE, CAPACITY BUILDING, AND PEER LEARNING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Carrizales Chair | OfficerTrustee | 0.5 | $0 |
Shimica Gaskins Vice-Chair/secretary | OfficerTrustee | 0.5 | $0 |
Emily Gordon Treasurer | OfficerTrustee | 0.5 | $0 |
Chris Benner Board Member | Trustee | 0.5 | $0 |
Cathy Cha Board Member | Trustee | 0.5 | $0 |
Crystal Crawford Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,301,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,451,510 |
| Total Program Service Revenue | $118,527 |
| Investment income | $99,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,833 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,655,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $164,000 |
| 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. | $276,361 |
| Compensation of current officers, directors, key employees. | $10,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,689,637 |
| Pension plan accruals and contributions | $138,504 |
| Other employee benefits | $180,778 |
| Payroll taxes | $169,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,100 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50 |
| Fees for services: Other | $152,880 |
| Advertising and promotion | $0 |
| Office expenses | $26,813 |
| Information technology | $3,588 |
| Royalties | $0 |
| Occupancy | $131,864 |
| Travel | $28,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188,430 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,123 |
| Insurance | $6,358 |
| All other expenses | $10,899 |
| Total functional expenses | $3,395,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,143,352 |
| Savings and temporary cash investments | $6,600,512 |
| Pledges and grants receivable | $1,579,000 |
| 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 | $71,556 |
| Net Land, buildings, and equipment | $77,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,317 |
| Total assets | $9,764,779 |
| Accounts payable and accrued expenses | $363,770 |
| 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 | $297,626 |
| Total liabilities | $661,396 |
| Net assets without donor restrictions | $2,983,906 |
| Net assets with donor restrictions | $6,119,477 |
| 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 | $9,764,779 |
Grants Awarded
Over the last fiscal year, California Budget & Policy Center has awarded $164,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATALYST CALIFORNIA PURPOSE: PURPOSE OF GRANT WAS TO SUPPORT THE DEVELOPMENT OF A STATEWIDE BUDGET EQUITY NARRATIVE FRAMEWORK (BUDGET POWER PROJECT). | $36,000 |
CALIFORNIA CALLS EDUCATION FUND PURPOSE: PURPOSE OF GRANT WAS TO SUPPORT THE DEVELOPMENT OF A STATEWIDE BUDGET EQUITY NARRATIVE FRAMEWORK (BUDGET POWER PROJECT). | $128,000 |