Public Interest Fellowship Foundation
- Assets
- $3.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Arlington, VA
- Founding
- 12/2016
- Data as of
- 08/2023
- EIN
- 81-3033585
Organization Overview
Public Interest Fellowship Foundation, operating under the name The Public Interest Fellowship Foundation, is located in Arlington, VA. The organization was established in 2016. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 08/2022, Public Interest Fellowship Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Interest Fellowship Foundation 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 08/2023, Public Interest Fellowship Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $3.5m during the year ending 08/2023. While expenses have increased by 19.0% per year over the past 6 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 PUBLIC INTEREST FELLOWSHIP FOUNDATION ("TPIFF") DRAWS ON THE LEGACY OF THAT GREAT JOURNAL OF IDEAS AND POLICY FOUNDED BY DANIEL BELL AND IRVING KRISTOL. THIS LEGACY NOURISHED GENERATIONS OF INDIVIDUALS DEDICATED TO MEETING THE MORAL AND CULTURAL CHALLENGES OF THE DAY THROUGH THE RIGOROUS STUDY OF CONTEMPORARY AMERICA AND RECLAIMING OF THE ENDURING PRINCIPLES OF THE AMERICAN CONSTITUTIONAL TRADITION. CONCEIVED IN THAT SPIRIT, TPIFF PROVIDES EXCEPTIONAL YOUNG MEN AND WOMEN WITH PROFESSIONAL LEARNING OPPORTUNITIES AND A CONTINUING EDUCATION IN THE TRADITION OF FREEDOM. THE UNIQUE COMBINATION OF WORK AND STUDY IS DESIGNED TO ADVANCE A FELLOW'S PURSUIT OF CAREERS DEVOTED TO ENRICHING THE CULTURAL LIFE OF THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS - FELLOWS STUDIED POLITICAL PHILOSOPHY, POLICY, AND HISTORY. EACH WEEK OF THE PROGRAM, THEY WERE REQUIRED TO PRODUCE WEEKLY WRITTEN RESPONSES, TO ENGAGE IN CLOSE TEXT STUDY, AND TO DEBATE WITH EACH OTHER.
RETREATS - TPIFF HOSTED THREE RETREATS THAT COVERED PRINCIPLES AND PRACTICE RELATED TO CRITICAL POLICY ISSUES.
PUBLICATIONS - THE FELLOWS WORKED FULL-TIME WITH PUBLICATIONS, THINK-TANKS, AND OBJECTIVE NON-PARTISAN POLICY FIRMS OVER THE COURSE OF A YEAR.
SEMINARS - FELLOWS STUDIED POLITICAL PHILOSOPHY, POLICY, AND HISTORY. EACH WEEK OF THE PROGRAM, THEY WERE REQUIRED TO PRODUCE WEEKLY WRITTEN RESPONSES, TO ENGAGE IN CLOSE TEXT STUDY, AND TO DEBATE WITH EACH OTHER.
RETREATS - TPIFF HOSTED THREE RETREATS THAT COVERED PRINCIPLE AND PRACTICE RELATED TO CRITICAL POLICY ISSUES.
PUBLICATIONS - THE FELLOWS WORKED FULL-TIME WITH PUBLICATIONS, THINK-TANKS, AND OBJECTIVE NON-PARTISAN POLICY FIRMS OVER THE COURSE OF A YEAR.
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 |
|---|---|---|---|
Eliana Johnson Director | Trustee | 3 | $0 |
Harry Z Cohen Director, President (until 03/15/22) | OfficerTrustee | 24 | $0 |
Peter Berkowitz Director, Vice President | OfficerTrustee | 5 | $0 |
Aaron Maclean Director, Treasurer | OfficerTrustee | 3 | $0 |
Jay Kramer Director, Secretary | OfficerTrustee | 3 | $0 |
Garrett Exner President, Ed (as Of 03/22) | Officer | 40 | $60,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paramount Planners Llc Full Service Meeting & Event Planning | 8/30/22 | $250,592 |
Essential History Expeditions Historical Tours & Cultural Expeditions | 8/30/22 | $239,428 |
Peter Berkowitz Strategic Marketing Consultant | 8/30/22 | $225,291 |
Elliott Abrams Educational Facilitator | 8/30/22 | $166,664 |
Essential History Expeditions Historical Tours & Cultural Expeditions | 8/30/23 | $320,748 |
Peter Berkowitz Director Of Studies | 8/30/23 | $284,171 |
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 | $6,153,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,153,700 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $6,164,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $607,967 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,392 |
| Compensation of current officers, directors, key employees. | $5,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,703 |
| Payroll taxes | $73,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $999,452 |
| Advertising and promotion | $0 |
| Office expenses | $49,824 |
| Information technology | $24,360 |
| Royalties | $0 |
| Occupancy | $48,950 |
| Travel | $868,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $258,947 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,739 |
| All other expenses | $0 |
| Total functional expenses | $3,488,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,607,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,208 |
| 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 | $3,494 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,621,242 |
| Accounts payable and accrued expenses | $182,725 |
| 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 | $0 |
| Total liabilities | $182,725 |
| Net assets without donor restrictions | $3,393,108 |
| Net assets with donor restrictions | $45,409 |
| 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 | $3,621,242 |