Committee For A Responsible Federal Budget
- Assets
- $2.9m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 49
- Location
- Washington, DC
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 52-1231278
Organization Overview
Committee For A Responsible Federal Budget is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Committee For A Responsible Federal Budget employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Committee For A Responsible Federal Budget 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, Committee For A Responsible Federal Budget generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
A NONPARTISAN, NONPROFIT ORGANIZATION COMMITTED TO EDUCATING THE PUBLIC, POLICYMAKERS, AND THE MEDIA ABOUT ISSUES THAT HAVE SIGNIFICANT FISCAL POLICY IMPACT. THE COMMITTEE IS MADE UP OF SOME OF THE NATION'S LEADING BUDGET EXPERTS INCLUDING MANY OF THE PAST CHAIRS AND DIRECTORS OF THE CONGRESSIONAL BUDGET COMMITTEES, THE CONGRESSIONAL BUDGET OFFICE, THE OFFICE OF MANAGEMENT AND BUDGET AND THE GOVERNMENT ACCOUNTABILITY OFFICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY - THE POLICY TEAM CONDUCTS AND PUBLISHES ORIGINAL RESEARCH ON TIMELY FISCAL ISSUES, SUMMARIZES AND ANALYZES CURRENT AND PROPOSED BUDGET-RELATED LEGISLATION, AND DEVELOPS RESOURCES TO HELP POLICYMAKERS, THE MEDIA, AND THE PUBLIC GAIN A BETTER UNDERSTANDING OF THE FEDERAL BUDGET SITUATION AND THE NATION'S FISCAL OUTLOOK.
PUBLIC ENGAGEMENT - THE PUBLIC ENGAGEMENT TEAM WORKS WITH CIVIC, EDUCATIONAL, BUSINESS, AND ECONOMIC GROUPS AND THE MEDIA TO EDUCATE AND ENGAGE THE PUBLIC ABOUT THE NATION'S LONG-TERM FISCAL CHALLENGES.
INITIATIVES - THE ORGANIZATION DEVELOPS KEY INITIATIVES TO ADDRESS PRESSING POLICY ISSUES. DURING 2021, THE ORGANIZATION HAD TWO ACTIVE INITIATIVES, FIXUS AND HEALTH SAVERS. FIXUS CONVENES DIVERSE STAKEHOLDERS AND ADVANCES RESEARCH WITH THE GOAL OF UNDERSTANDING THE ROOT CAUSES OF OUR GROWING NATIONAL DIVISIONS AND HOW THEY CAN BE ADDRESSED. HEALTH SAVERS IS A COLLABORATIVE RESEARCH PROJECT TO DEVELOP BOLD POLICY SOLUTIONS TO LOWER HEALTH CARE COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maya Macguineas President | OfficerTrustee | 39.5 | $462,821 |
Marc L Goldwein SVP And Senior Policy Director | Officer | 40 | $229,947 |
Michael V Murphy Chief Of Staff | 40 | $181,524 | |
Christopher R Rotella Development Director | 40 | $157,428 | |
Joshua B Gordon Director, Health Policy | 40 | $144,442 | |
Simone G Frank Senior Advisor, Finance | 23.4 | $139,377 |
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 | $5,257,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,257,454 |
| Total Program Service Revenue | $78,546 |
| Investment income | $365 |
| 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 | $5,338,402 |
| 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. | $776,650 |
| Compensation of current officers, directors, key employees. | $101,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,353,590 |
| Pension plan accruals and contributions | $186,396 |
| Other employee benefits | $142,190 |
| Payroll taxes | $220,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197 |
| Fees for services: Accounting | $15,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $314,583 |
| Advertising and promotion | $5,280 |
| Office expenses | $22,384 |
| Information technology | $49,825 |
| Royalties | $0 |
| Occupancy | $196,494 |
| Travel | $8,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,717 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,010 |
| All other expenses | $0 |
| Total functional expenses | $4,432,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170 |
| Savings and temporary cash investments | $1,526,752 |
| Pledges and grants receivable | $1,200,424 |
| Accounts receivable, net | $20,165 |
| 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 | $71,768 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,987 |
| Total assets | $2,854,266 |
| Accounts payable and accrued expenses | $184,294 |
| 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 | $18,802 |
| Total liabilities | $203,096 |
| Net assets without donor restrictions | $1,634,068 |
| Net assets with donor restrictions | $1,017,102 |
| 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 | $2,854,266 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Committee For A Responsible Federal Budget has recieved totaling $3,844,695.
| Awarding Organization | Amount |
|---|---|
Peter G Peterson Foundation New York, NY PURPOSE: TO ADVANCE RESPONSIBLE FISCAL POLICY AND BUDGET PROCESS REFORM THROUGH POLICY RESEARCH, OUTREACH, AND PUBLIC ENGAGEMENT. | $2,325,000 |
Laura And John Arnold Foundation Houston, TX PURPOSE: TO SUPPORT ISSUE AWARENESS AND POLICY SOLUTIONS TO CLOSE THE TAX GAP. | $366,043 |
Laura And John Arnold Foundation Houston, TX PURPOSE: TO RAISE AWARENESS AND PROVIDE EVIDENCE-BASED POLICY SOLUTIONS TO IMPROVE MEDICARE'S FISCAL SUSTAINABILITY. | $290,000 |
Charles Koch Institute Arlington, VA PURPOSE: EDUCATION | $150,000 |
Gary And Mary West Health Policy Center Inc Washington, DC PURPOSE: DEDICATED TO CONDUCT PLANNING-PHASE ACTIVITIES AND RESEARCH TO DEVELOP HEALTH CARE SAVINGS OPTIONS. | $150,000 |
Smith Richardson Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $138,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Freedomworks Inc Washington, DC | $3,468,084 | $5,609,429 |
Center For Strategic And Budgetary Assessments Washington, DC | $2,639,810 | $6,371,347 |
Council On State Taxation Washington, DC | $3,072,367 | $4,726,725 |
Committee For A Responsible Federal Budget Washington, DC | $2,854,266 | $5,338,402 |
Aga Alexandria, VA | $6,831,962 | $5,483,639 |
International Tax & Investment Center Washington, DC | $3,853,010 | $2,633,793 |
Prosperity Alliance Inc Fairfax, VA | $1,099,186 | $3,530,000 |
Operation Lifesaver Inc Washington, DC | $1,419,478 | $2,622,409 |
Republican Governors Public Policy Committee Washington, DC | $3,734,909 | $3,934,225 |
Commonwealth Institute For Fiscal Analysis Richmond, VA | $3,474,221 | $2,951,328 |
Taxpayers For Common Sense Washington, DC | $2,221,300 | $2,504,065 |
Native American Financial Services Association Washington, DC | $167,087 | $793,241 |