Fund For Policy Reform
- Assets
- $4.0b
- Revenue
- $424.7m
- Investments
- $4.0b
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 35-7090597
Organization Overview
Fund For Policy Reform is located in Wilmington, DE. The organization was established in 2015. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building 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 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 12/2021, Fund For Policy Reform generated $424.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $376.2m 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 SOCIAL WELFARE, THE COMMON GOOD AND THE GENERAL WELFARE OF PEOPLE IN COMMUNITIES IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL WELFARE GRANTS: IN 2021, FUND FOR POLICY REFORM MADE GRANTS FOR A TOTAL OF $375,000,000 TO SUPPORT GRANTEE'S OPERATIONS AND ACTIVITIES WHICH PROMOTE SOCIAL WELFARE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christiana Trust Administrative Trustee | 0.02 | $21,040 | |
Gail Scovell Trustee And Secretary | OfficerTrustee | 0.02 | $0 |
Leonard Benardo Trustee | OfficerTrustee | 0.02 | $0 |
Maija Arbolino Treasurer | Officer | 1.69 | $0 |
Michael Vachon Trustee | Trustee | 0.02 | $0 |
Daniel Eule Trustee | Trustee | 0.02 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $424,702,728 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,703,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $375,000,000 |
| 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. | $21,040 |
| Compensation of current officers, directors, key employees. | $21,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $167,751 |
| Fees for services: Accounting | $166,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $745,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $60,536 |
| All other expenses | $0 |
| Total functional expenses | $376,167,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,514,932 |
| 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 | $313,714 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,996,229,119 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,242 |
| Total assets | $4,022,077,007 |
| Accounts payable and accrued expenses | $402,194 |
| Grants payable | $29,600,000 |
| 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 | $30,002,194 |
| Net assets without donor restrictions | $3,992,074,813 |
| 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 | $4,022,077,007 |
Grants Awarded
Over the last fiscal year, Fund For Policy Reform has awarded $271,500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROMOTE SOCIAL WELFARE | $196,000,000 |
DEMOCRACY PAC PURPOSE: SUPPORT PAC | $75,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Policy Reform Wilmington, DE | $4,022,077,007 | $424,703,140 |
Pennsylvania Coalition Against Domestic Violence Harrisburg, PA | $12,880,221 | $39,594,971 |
Jewish Community Center Of Baltimore Inc Owings Mills, MD | $10,312,244 | $15,367,290 |
Center For Family Resources Inc Ringwood, NJ | $4,628,720 | $9,195,275 |
Ironbound Community Corporation Newark, NJ | $18,528,581 | $9,449,256 |
Bishopric Of Public Ecumenical And Social Services-Usa Inc Cedar Grove, NJ | $30,614 | $4,826,885 |
Frances Bean Vair Testamentary Trust Pittsburgh, PA | $39,241,992 | $2,739,440 |
Women In Need Inc Chambersburg, PA | $4,631,933 | $2,325,039 |
Spur Impact Association Wilmington, DE | $183,616 | $1,648,770 |
Mechanicsville Lodge 495 Loyal Order Of Moose Mechanicsville, MD | $1,174,994 | $1,723,673 |
Wyoming Valley Alcohol & Drug Services Inc Wilkes Barre, PA | $1,469,162 | $1,968,094 |
Greater Mercer Transportation Management Association Inc Princeton, NJ | $2,391,091 | $1,757,451 |