Fund For Policy Reform Inc
- Assets
- $803.6m
- Revenue
- $357.2m
- Investments
- $497.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-4351242
Organization Overview
Fund For Policy Reform Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Policy Reform Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Fund For Policy Reform Inc generated $357.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $403.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fund For Policy Reform Inc has awarded 16 individual grants totaling $590,635,325. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL WELFARE WITHIN THE MEANING OF SEC. 501 (C) (4), INCLUDING FUNDING INITIATIVES RELATED TO PUBLIC WELFARE, DRUG POLICY, ALLEVIATION OF POVERTY & CRIMINAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTIONAL GRANTS - INSTITUTIONAL GRANTS WERE PROVIDED TO SUPPORT THE GRANTEES' OPERATIONS AND ACTIVITIES WHICH ADVOCATE FOR THE REFORM OF LAWS AND REGULATIONS THAT AFFECT THE PUBLIC WELFARE.
REGIONAL PROGRAMS - REGIONAL PROGRAMS ENGAGE IN MUTIPLE ISSUES, SUCH AS DEMOCRATIC PRACTICE, EARLY CHILDHOOD & EDUCATION, ECONOMIC JUSTICE, ETC. ACROSS A DEFINED GEOGRAPHIC AREA.
GLOBAL PROGRAMS - GLOBAL PROGRAMS ENGAGE WITH A DEFINED SPECIFIC ISSUE, SUCH AS HUMAN RIGHTS INITIATIVE, ECONOMIC JUSTICE PROGRAM, EDUCATION PROGRAM, ETC. ACROSS MULTIPLE GEOGRAPHIC AREAS ACROSS THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Eule Director (ended 8/1/22) | Trustee | 0.02 | $0 |
Michael Vachon Director | Trustee | 0.02 | $0 |
Leonard Benardo Director | OfficerTrustee | 0.02 | $404 |
Gail Scovell Director/secretary (ended 5/31/22) | OfficerTrustee | 0.02 | $352 |
Maryann Canfield Director (start 8/1/22) | Trustee | 0.02 | $0 |
Alexander Soros Director (start 5/31/22) | Trustee | 0.02 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Bridgespan Group Inc Consulting Services | 12/30/22 | $5,181,576 |
Deloitte Mcs Ltd Consulting Services | 12/30/22 | $1,782,630 |
Action And Impact Private Limited Consulting Services | 12/30/22 | $697,000 |
Attn Inc Consulting Services | 12/30/22 | $583,310 |
Skdknickerbocker Llc Consulting Services | 12/30/22 | $540,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $332,700,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,700,000 |
| Total Program Service Revenue | $0 |
| Investment income | $488,523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,004,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,192,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $243,879,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $106,035,823 |
| 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 | $2,391,004 |
| Pension plan accruals and contributions | $196,743 |
| Other employee benefits | $746,018 |
| Payroll taxes | $24,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,687,932 |
| Fees for services: Accounting | $153,917 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,526,057 |
| Advertising and promotion | $0 |
| Office expenses | $263,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $522,609 |
| Travel | $468,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,921 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $668,890 |
| Insurance | $412,042 |
| All other expenses | $2,582,171 |
| Total functional expenses | $403,103,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,607,281 |
| Savings and temporary cash investments | $45,000,000 |
| Pledges and grants receivable | $76,700,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $68,475,463 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,417,824 |
| Net Land, buildings, and equipment | $1,957,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $496,998,075 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,429,682 |
| Total assets | $803,585,533 |
| Accounts payable and accrued expenses | $2,331,955 |
| Grants payable | $70,779,014 |
| 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 | $2,366,166 |
| Total liabilities | $75,477,135 |
| Net assets without donor restrictions | $728,108,398 |
| 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 | $803,585,533 |
Grants Awarded
Over the last fiscal year, Fund For Policy Reform Inc has awarded $243,879,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION INC PURPOSE: GENERAL SUPPORT | $500,000 |
OPEN SOCIETY POLICY CENTER PURPOSE: GENERAL SUPPORT | $240,000,000 |
COMMITTEE ON STATES PURPOSE: GENERAL SUPPORT | $500,000 |
COURIER NEWSROOM PURPOSE: GENERAL SUPPORT | $2,500,000 |
NDOUPU LLC PURPOSE: GENERAL SUPPORT | $379,000 |