Policy Academies
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-3333541
Organization Overview
Policy Academies is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Policy Academies employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Policy Academies 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, Policy Academies generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Policy Academies has awarded 20 individual grants totaling $1,078,374. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMY TRAINING - FELLOWSHIP AND RESEARCH SCHOLARS PROGRAMS:THESE INCLUDE ONE- AND TWO-YEAR FELLOWSHIP PROGRAMS FOR UNDERGRADUATES, PRE-MASTERS AND GRADUATE STUDENTS IN PARTNERSHIP WITH THE NATION'S LEADING THINK TANKS. WHEN ACADEMY FELLOWS COMPLETE THEIR TRAINING FELLOWSHIP THEY BECOME A PART OF THE ALUMNI CAREER AND LEADERSHIP DEVELOPMENT PROGRAM. THE POLICY ACADEMIES TRAINING PROGRAMS ARE FREE OF COST FOR PARTICIPATING STUDENTS. TPA COVERS AIRFARE AND LODGING AND PROVIDES A COMPETITIVE STIPEND.
OUR WORK ALSO INCLUDES EFFORTS TO ENGAGE A BROAD RANGE OF STAKEHOLDERS THROUGH EVENTS, PARTNERSHIPS, AND COLLABORATIVE INITIATIVES. THESE ACTIVITIES INVOLVE CONVENING POLICY FORUMS, PROVIDING TECHNICAL ASSISTANCE TO ORGANIZATIONS, AND SHARING RESEARCH FINDINGS. BY COLLABORATING WITH NONPROFITS, POLICY BODIES, RESEARCH ORGANIZATIONS, AND ACADEMIC INSTITUTIONS, TPA HELPS DRIVE IMPACTFUL CONVERSATIONS AND ACTIONS THAT SHAPE INNOVATIVE POLICY SOLUTIONS AND SUPPORT THE LEADERSHIP OF EARLY-CAREER POLICY PROFESSIONALS.
EQUITY IN INSTITUTIONAL AND RESEARCH PRACTICE: THIS INITIATIVE SUPPORTS EFFORTS TO IMPROVE PRACTICES WITHIN THE POLICY RESEARCH AND BROADER POLICY FIELDS BY ENCOURAGING BROADER REPRESENTATION OF SCHOLARS AND ON RESEARCH TOPICS AND METHODOLOGIES. THE PROGRAM WORKS WITH PARTNERS TO ENHANCE INSTITUTIONAL PRACTICES IN THE DEVELOPMENT AND APPLICATION OF PUBLIC POLICY RESEARCH. THROUGH COLLABORATION BETWEEN SCHOLARS, INSTITUTIONS, AND COMMUNITIES THIS INITIATIVE ENSURES THAT RESEARCH INFORMS POLICY DECISIONS THAT REFLECT A WIDE RANGE OF PERSPECTIVES AND SOCIETAL NEEDS. THIS PROGRAM ALSO CREATES PLATFORMS FOR THIS WORK.
ALUMNI CAREER AND LEADERSHIP DEVELOPMENT PROGRAM:THIS PROGRAM, WHICH IS OFTEN SHORTENED TO "THE ALUMNI PROGRAM", SUPPORTS THE EARLY CAREER DEVELOPMENT OF ACADEMY GRADUATES BY HELPING THEM ATTEND CAREER ACCELERATING CONFERENCES, PROVIDING SPECIALIZED TRAINING COURSES, AND BY PROVIDING PERSONALIZED TRAINING AND MENTORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynette Rawlings President And CEO | OfficerTrustee | 40 | $470,000 |
Angela Glover Blackwell Chair | OfficerTrustee | 1 | $0 |
Nick Turner Director | Trustee | 1 | $0 |
Darrick Hamilton Director | Trustee | 1 | $0 |
Arlene Williams COO & SVP Of Special Initiatives | Officer | 40 | $215,000 |
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 | $1,013,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,013,063 |
| Total Program Service Revenue | $0 |
| Investment income | $69,504 |
| 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 | $1,082,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $687,174 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,305 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $763,298 |
| Compensation of current officers, directors, key employees. | $76,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,715 |
| Pension plan accruals and contributions | $3,967 |
| Other employee benefits | $0 |
| Payroll taxes | $55,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,883 |
| Advertising and promotion | $1,162 |
| Office expenses | $40,653 |
| Information technology | $2,183 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $278,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,087 |
| Insurance | $6,187 |
| All other expenses | $10,492 |
| Total functional expenses | $2,296,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,741 |
| Savings and temporary cash investments | $1,676,183 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $550,000 |
| 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 | $8,727 |
| Net Land, buildings, and equipment | $72,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,287 |
| Total assets | $2,935,976 |
| Accounts payable and accrued expenses | $270,834 |
| 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 | $270,834 |
| Net assets without donor restrictions | $1,290,915 |
| Net assets with donor restrictions | $1,374,227 |
| 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 | $2,935,976 |
Grants Awarded
Over the last fiscal year, Policy Academies has awarded $673,374 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD UNIVERSITY - RONALD W WALTERS LEADERSHIP AND PUBLIC POLICY PURPOSE: To support Howard Universities research activities | $65,000 |
INDIANA UNIVERSITY PURPOSE: To support Indiana University research activities | $58,374 |
LEGALLY BLK FUND PURPOSE: To support Legally BLK Fund research activities | $30,000 |
MDRC PURPOSE: To support MDRC research activities | $55,000 |
NATIONAL ACADEMY OF SOCIAL INSURANCE PURPOSE: To support NASI's research activities | $100,000 |
NORTHEASTERN UNIVERSITY PURPOSE: To support Northeastern University research activities | $15,000 |