Institute For Policy Innovation
- Assets
- $192.6k
- Revenue
- $548.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Irving, TX
- Founding
- 05/1987
- Data as of
- 12/2021
- EIN
- 75-2158093
Organization Overview
Institute For Policy Innovation is located in Irving, TX. The organization was established in 1987. According to its NTEE Classification (Y05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Institute For Policy Innovation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Policy Innovation 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, Institute For Policy Innovation generated $548.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $842.7k during the year ending 12/2021. 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
IT IS THE MISSION OF THE INSTITUTE FOR POLICY INNOVATION (IPI) TO PROVIDE EDUCATION, RESEARCH, ANALYSIS AND RECOMMENDATIONS TO POLICY MAKERS, OPINION LEADERS AND THE AMERICAN PEOPLE DESIGNED TO HELP SOLVE PUBLIC POLICY PROBLEMS THROUGH RELIANCE ON THE DISTINCTIVE FOUNDING PRINCIPLES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECORDED 72 EPISODES OF THE INSTITUTE FOR POLICY INNOVATION PODCAST AND\OR THE IPI POLICY BASICS PODCAST. THESE ARE PODCAST EPISODES DESIGNED TO EDUCATE, INFORM, AND PERSUADE LISTENERS ON VARIOUS PUBLIC POLICY TOPICS.
THE INSTITUTE FOR POLICY INNOVATION PRODUCED A HATTON SUMNERS DISTINGUISHED LECTURE SERIES POLICY LUNCHEON WITH WALL STREET JOURNAL COLUMNIST AND BOARD MEMBER KIM STRASSEL ON "THE GROWING THREAT TO FREE SPEECH."
THE INSTITUTE FOR POLICY INNOVATION HOSTED A HATTON SUMNERS DISTINGUISHED LECTURE SERIES POLICY LUNCHEON WITH GORDON G. CHANG ON "CHINA SHAKES THE WORLD: A REVOLUTIONARY REMAKING OF THE INTERNATIONAL ORDER."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Giovanetti President And Treasurer | OfficerTrustee | 50 | $150,000 |
Marv Bramlett Chairman | Trustee | 1 | $0 |
Wayne Stoltenberg Secretary | Trustee | 1 | $0 |
Layne DE Alvarez Trustee | Trustee | 1 | $0 |
Genie Short Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,778 |
| Total Program Service Revenue | $2,623 |
| Investment income | $28 |
| 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 | $548,429 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $322,077 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,838 |
| Payroll taxes | $28,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,051 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,401 |
| Advertising and promotion | $21,966 |
| Office expenses | $7,839 |
| Information technology | $4,287 |
| Royalties | $0 |
| Occupancy | $76,856 |
| Travel | $37,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,371 |
| Interest | $13,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45,115 |
| Total functional expenses | $842,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,043 |
| Savings and temporary cash investments | $158,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,336 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $192,645 |
| Accounts payable and accrued expenses | $63,905 |
| 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 | $43,634 |
| Secured mortgages and notes payable | $17,979 |
| Unsecured mortgages and notes payable | $499,900 |
| Other liabilities | -$10,205 |
| Total liabilities | $615,213 |
| Net assets without donor restrictions | -$422,568 |
| 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 | $192,645 |