Institute For Progress
- Assets
- $1.5m
- Revenue
- $970.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 87-2449729
Organization Overview
Institute For Progress is located in Washington, DC. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. As of 12/2022, Institute For Progress employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Progress 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, Institute For Progress generated $970.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
NON-PARTISAN RESEARCH AND ADVOCACY ORGANIZATION DEDICATED TO ACCELERATING SCIENTIFIC, TECHNOLOGICAL, AND INDUSTRIAL PROGRESS WHILE SAFEGUARDING HUMANITY'S FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PARTISAN THINK TANK DEDICATED TO ACCELERATING SCIENTIFIC, TECHNOLOGICAL, AND INDUSTRIAL PROGRESS WHILE SAFEGUARDING HUMANITY'S FUTURE. AS A NON-PROFIT RESEARCH AND ADVOCACY ORGANIZATION, IFP BRINGS THE BEST IDEAS FROM PROGRESS STUDIES AND EFFECTIVE ALTRUISM COMMUNITIES TO POLICYMAKERS IN WASHINGTON, DC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alec Stapp Co-Ceo | OfficerTrustee | 40 | $163,125 |
Caleb Watney Co-Ceo | OfficerTrustee | 40 | $163,125 |
Daniel Correa Director | Trustee | 1 | $0 |
Tamara Winter Director | Trustee | 1 | $0 |
Zachary Graves Director | Trustee | 1 | $0 |
Jeremy Neufeld Sr Immigration Fellow | 40 | $107,532 |
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 | $970,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $970,000 |
| Total Program Service Revenue | $0 |
| Investment income | $114 |
| 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 | $970,114 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $658,680 |
| Pension plan accruals and contributions | $16,105 |
| Other employee benefits | $52,432 |
| Payroll taxes | $54,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,794 |
| Fees for services: Accounting | $26,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,014 |
| Advertising and promotion | $1,272 |
| Office expenses | $45,536 |
| Information technology | $15,267 |
| Royalties | $0 |
| Occupancy | $70,779 |
| Travel | $74,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,150 |
| Insurance | $1,678 |
| All other expenses | $0 |
| Total functional expenses | $1,201,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,399,776 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,679 |
| Total assets | $1,531,455 |
| Accounts payable and accrued expenses | $23,044 |
| 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 | $23,044 |
| Net assets without donor restrictions | $1,508,411 |
| 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 | $1,531,455 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society Of Overseas Research Alexandria, VA | $7,305,829 | $2,282,373 |
Institute For Progress Washington, DC | $1,531,455 | $970,114 |
Community Cooperative Washington, DC | $953,080 | $1,112,750 |
Foundation For Chemistry Research And Initiatives Washington, DC | $4,229,565 | $1,779,208 |
Consortium Of Social Science Associations Washington, DC | $960,135 | $611,014 |
International Aloe Science Council Inc Silver Spring, MD | $111,782 | $423,395 |
Korean American Education Foundation Laurel, MD | $1,019,629 | $146,641 |
National Association Of Multicultural Education Washington, DC | $403,177 | $136,692 |
North American Regional Science Council Inc Reston, VA | $428,200 | $129,367 |
Alalay Foundation Inc Falls Church, VA | $40,781 | $48,000 |
Terror Free Tomorrow Washington, DC | $0 | $20,274 |
J C Watts Foundation Inc Washington, DC | $2,084 | $7,100 |