Dc Fiscal Policy Institute Inc
- Assets
- $2.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Washington, DC
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-2103918
Organization Overview
Dc Fiscal Policy Institute Inc is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, DC Fiscal Policy Institute Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. DC Fiscal Policy Institute Inc 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, DC Fiscal Policy Institute Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.6m 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
TO PROMOTE OPPORTUNITY AND WIDESPREAD PROSPERITY FOR ALL RESIDENTS OF THE DISTRICT OF COLUMBIA THROUGH THOUGHTFUL POLICY SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY SOLUTIONS - DCFPI CONDUCTS TIMELY AND FOUNDATIONAL RESEARCH AND ANALYSIS FOR AN EQUITABLE TAX, BUDGET, AND POLICY AGENDA THAT CENTERS AROUND THOSE MOST HARMED BY RACIAL AND ECONOMIC EXCLUSION. DCFPI DOES THIS TO EXPAND COLLECTIVE UNDERSTANDING OF HOW OPPRESSIVE STRUCTURES SHAPE PAST AND PRESENT INEQUITIES, AND TO CREATE A STRONG EVIDENCE-BASE FOR REJECTING RACIALIZED AUSTERITY POLITICS AND EMBRACING POLICIES ROOTED IN SHARED ABUNDANCE.
OUTREACH - DCFPI STRATEGICALLY COMMUNICATES WITH, AND EDUCATES DECISION MAKERS, PARTNERS, AND THE PUBLIC TO INCREASE SALIENCE, RESONANCE, AND PRIORITIZATION OF POLICIES THAT ADVANCE RACIAL AND ECONOMIC JUSTICE AMONG PARTNERS AND POLICY MAKERS. DCFPI COMMITS ANALYTIC, LEGISLATIVE, AND STRATEGIC SKILLS AND CAPACITIES TO SUPPORT PARTNERS AND BUILD COLLABORATIVE CAMPAIGNS FOR STRATEGIC ALLIANCES. DCFPI DOES THIS TO ENSURE MORE UNIFIED AND POWERFUL VOICES ADVOCATING FOR COLLECTIVE VISION AND GOALS THAT ARE RESPONSIVE TO THE EXPERIENCES OF RESIDENTS FACING RACIAL AND ECONOMIC OPPRESSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Williams Executive Director As Of 03/2021 | Officer | 40 | $133,533 |
Tarza Mitchell Policy Director | 40 | $113,036 | |
Jacquelyn Lendsey Interim Executive Director Until 03/2021 | Officer | 40 | $40,769 |
Judith Sandalow Chair | OfficerTrustee | 2 | $0 |
Katia Garret Secretary | OfficerTrustee | 2 | $0 |
Jerome Paige Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,690,008 |
| Noncash contributions included in lines 1a–1f | $15,370 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,956,195 |
| Total Program Service Revenue | $56,000 |
| Investment income | $2,776 |
| 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 | $2,015,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,850 |
| 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. | $198,222 |
| Compensation of current officers, directors, key employees. | $9,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $732,858 |
| Pension plan accruals and contributions | $53,907 |
| Other employee benefits | $54,235 |
| Payroll taxes | $76,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $100,143 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,942 |
| Advertising and promotion | $3,862 |
| Office expenses | $41,335 |
| Information technology | $10,349 |
| Royalties | $0 |
| Occupancy | $150,360 |
| Travel | $1,383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,003 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,021 |
| Insurance | $5,560 |
| All other expenses | $0 |
| Total functional expenses | $1,624,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,984,406 |
| Savings and temporary cash investments | $29,688 |
| Pledges and grants receivable | $252,107 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,200 |
| Total assets | $2,291,788 |
| Accounts payable and accrued expenses | $45,889 |
| 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 | $45,889 |
| Net assets without donor restrictions | $1,589,183 |
| Net assets with donor restrictions | $656,716 |
| 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 | $2,291,788 |
Grants Awarded
Over the last fiscal year, Dc Fiscal Policy Institute Inc has awarded $42,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PASSTHROUGH GRANT | $30,000 |
Washington, DC PURPOSE: GREATER WASHINGTON COMMUNITY FOUNDATION - COVID EMERGENCY RESPONSE GRANT. | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Dc Fiscal Policy Institute Inc has recieved totaling $770,545.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $165,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER TWO YEARS | $100,000 |
Naomi And Nehemiah Cohen Foundation Virginia Corporation Bethesda, MD PURPOSE: SOCIAL JUSTICE & CIVIC AFFAIRS | $100,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER TWO YEARS | $100,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT JUST RECOVERY DC | $80,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: COMMUNITY SERVICE | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |
Fusion Partnerships Inc Baltimore, MD | $7,468,833 | $16,079,107 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Stand For America Inc Washington, DC | $2,847,990 | $8,607,198 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |