Political And Economic Research Council
- Assets
- $102.1k
- Revenue
- $496.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Durham, NC
- Founding
- 07/2007
- Data as of
- 06/2021
- EIN
- 20-5179792
Organization Overview
Political And Economic Research Council is located in Durham, NC. The organization was established in 2007. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Political And Economic Research Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Political And Economic Research Council 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 06/2021, Political And Economic Research Council generated $496.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $724.1k during the year ending 06/2021. 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
ORGANIZATION WAS FORMED TO BE THE CENTRAL FORUM FOR ALL THOSE CONCERNED WITH MAINTAINING AND ENHANCING THE FREE FLOW OF INFORMATION IN THE DIGITAL AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SHARE INFORMATION AND CONCERNS OF A NON-COMPETITIVE NATURE OR COMMERCIAL AMONG OUR MEMBERS REGARDING RELEVANT POLICY, REGULATORY, LEGAL AND ECONOMIC MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Aiello Director | Trustee | 20 | $0 |
Katherine O'neill Director | Trustee | 20 | $0 |
Jennifer Barrett Director | Trustee | 20 | $0 |
Clark Abrahams Director | Trustee | 20 | $0 |
Jennifer Tescher Director | Trustee | 20 | $0 |
James Gutierrez Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,259 |
| 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 | $496,259 |
| Statement of Expenses | |
|---|---|
| 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. | $49,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,917 |
| Pension plan accruals and contributions | $21,016 |
| Other employee benefits | $0 |
| Payroll taxes | $12,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $897 |
| Fees for services: Accounting | $9,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $354,771 |
| Advertising and promotion | $2,462 |
| Office expenses | $29,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,861 |
| Insurance | $4,723 |
| All other expenses | $0 |
| Total functional expenses | $724,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,199 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $102,140 |
| Accounts payable and accrued expenses | $0 |
| 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 | $15,903 |
| Total liabilities | $15,903 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $86,237 |