Panetta Institute For Public Policy
- Assets
- $13.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Seaside, CA
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 77-0495799
Organization Overview
Panetta Institute For Public Policy is located in Seaside, CA. The organization was established in 1999. 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 12/2022, Panetta Institute For Public Policy employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panetta Institute For Public Policy 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 12/2022, Panetta Institute For Public Policy generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A BIPARTISAN CENTER OF STUDIES TO SUPPORT THE ADVANCEMENT OF PUBLIC POLICY AND TO PROMOTE PUBLIC SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORM 990, PART III, LINE 4A:LEON PANETTA LECTURE SERIES - EACH SPRING THE PANETTA INSTITUTE BRINGS TOGETHER NATIONALLY KNOWN GOVERNMENT AND POLICY LEADERS TO DISCUSS CURRENT ISSUES WITH CENTRAL COAST STUDENTS AND MEMBERS OF THE COMMUNITY. THE PROGRAMS ARE BROADCAST THROUGHOUT CALIFORNIA. BY THE END OF THE 2022 SEASON, MORE THAN 260 SPEAKERS HAD PARTICIPATED IN THE TWENTY-FIVE YEARS OF THIS PROGRAM. DUE TO COVID-19 ALL FOUR LECTURES WERE HELD ONLINE IN 2022.
FORM 990, PART III, LINE 4B:CONGRESSIONAL INTERNSHIP PROGRAM - THIS PROGRAM HAS DEVELOPED A REPUTATION AS THE PREMIER INTERN PROGRAM IN THE NATION AND PROVIDES AN OPPORTUNITY FOR QUALIFIED STUDENTS FROM ALL ECONOMIC BACKGROUNDS TO WORK IN WASHINGTON, DC AND PARTICIPATE IN THE DEMOCRATIC PROCESS FIRST HAND. BY 2022,552 STUDENTS HAD BEEN PLACED IN THE OFFICES OF MEMBERS OF THE CALIFORNIA CONGRESSIONAL DELEGATION THROUGH THIS PROGRAM. IN 2022, 25 STUDENTS WERE PLACED IN CONGRESSIONAL OFFICES.
FORM 990, PART III, LINE 4C:YOUTH CIVIC ENGAGEMENT RESEARCH:EVERY SPRING,THE INSTITUTE CONDUCTS A NATIONWIDE SURVEY OF COLLEGE STUDENTS TO HELP GUIDE THE CURRICULUM AND PROGRAMS, THIS STUDY EXPLORES THE ATTITUDES AND OPINIONS OF COLLEGE STUDENTS ON MANY TOPICS, INCLUDING CURRENT NATIONAL AND INTERNATIONAL ISSUES, SOCIAL, POLITICAL AND ECONOMIC TRENDS, LEVEL OF POLITICAL INVOLVEMENT AND CAREER EXPECTATIONS. FOR TWENTY-TWO YEARS, THE INSTITUTE'S NATIONWIDE POLL HAS BECOME A HIGHLY RESPECTED SOURCE OF INFORMATION FOR ACADEMICS, RESEARCHERS, POLITICAL SCIENTISTS, AND POLICY MAKERS AND JOURNALISTS INTERESTED IN ANALYZING TWO DECADES OF COLLECTED DATA.SEE SCHEDULE O FOR ADDITONAL PROGRAM SERVICE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Secretary Leon E Panetta Chair & Director | OfficerTrustee | 20 | $0 |
Sylvia M Panetta Co-Chair & CEO & Director | OfficerTrustee | 40 | $0 |
Catherine C Brock Secretary & Director | OfficerTrustee | 1 | $0 |
Ted J Balestreri Treasurer & Director | OfficerTrustee | 1 | $0 |
Bettye Saxon Director | Trustee | 1 | $0 |
David J Benjamin III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $791,768 |
| Related organizations | $0 |
| Government grants | $550,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $970,468 |
| Noncash contributions included in lines 1a–1f | $124,296 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,312,236 |
| Total Program Service Revenue | $173,404 |
| Investment income | $135,881 |
| 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 | $2,622,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $376,709 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $584,243 |
| Pension plan accruals and contributions | $6,722 |
| Other employee benefits | $71,822 |
| Payroll taxes | $44,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,831 |
| Fees for services: Accounting | $31,963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,413 |
| Advertising and promotion | $0 |
| Office expenses | $83,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,882 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $61,839 |
| All other expenses | $16,085 |
| Total functional expenses | $1,625,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,768 |
| Savings and temporary cash investments | $7,565,595 |
| Pledges and grants receivable | $255,000 |
| Accounts receivable, net | $15,000 |
| 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 | $10,357 |
| Net Land, buildings, and equipment | $610,742 |
| Investments—publicly traded securities | $5,157,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,253 |
| Total assets | $13,711,004 |
| Accounts payable and accrued expenses | $119,400 |
| Grants payable | $0 |
| Deferred revenue | $4,400 |
| 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 | $0 |
| Total liabilities | $123,800 |
| Net assets without donor restrictions | $13,252,204 |
| Net assets with donor restrictions | $335,000 |
| 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 | $13,711,004 |