Center On Budget And Policy Priorities
- Assets
- $126.9m
- Revenue
- $53.4m
- Investments
- $0.0
- Employees
- 239
- Location
- Washington, DC
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 52-1234565
Organization Overview
Center On Budget And Policy Priorities is located in Washington, DC. The organization was established in 1982. 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. As of 12/2021, Center On Budget And Policy Priorities employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center On Budget And Policy Priorities 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, Center On Budget And Policy Priorities generated $53.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $49.1m during the year ending 12/2021. While expenses have increased by 5.5% 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.
Since 2015, Center On Budget And Policy Priorities has awarded 1,115 individual grants totaling $82,133,767. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCTING RESEARCH AND ANALYSIS TO HELP PROMOTE GREATER PUBLIC UNDERSTANDING OF BUDGET POLICIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE FISCAL AND RELATED PROJECTS: PERFORMS RESEARCH AND ANALYSIS OF STATE BUDGET AND TAX POLICY WITH AN EMPHASIS ON THE EFFECTS OF SUCH POLICIES ON LOW AND MODERATE INCOME HOUSEHOLDS AND FOSTERS DEVELOPMENT OF STATE-LEVEL POLICY ORGANIZATIONS.
LOW-INCOME PROGRAM AND RELATED PROJECTS: PERFORMS RESEARCH, ANALYSIS AND DEVELOPMENT OF STRATEGIES TO IMPROVE FEDERAL POLICY AND FEDERAL AND STATE IMPLEMENTATION OF LOW-INCOME PROGRAMS. THE CENTER ALSO CONDUCTS POLICY ANALYSIS AND PROMOTES OUTREACH STRATEGIES RELATED TO THE EARNED INCOME TAX CREDIT AND THE LOW-INCOME COMPONENT OF THE CHILD TAX CREDIT.
FEDERAL FISCAL POLICY AND RELATED PROJECTS: PERFORMS RESEARCH AND ANALYSIS OF FEDERAL BUDGETS, TAX POLICIES AND RELATED ISSUES, AND TRENDS IN POVERTY AND INCOME DISTRIBUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon E Parrott President | Officer | 40 | $317,789 |
Debra Schwartz Chief Financial Officer Through 7/19/21 | Officer | 40 | $256,534 |
Ellen Nissenbaum Senior VP - Government Affairs | Officer | 40 | $225,258 |
Joel A Friedman Senior VP - Federal Fiscal Policy | Officer | 40 | $215,480 |
Nicholas Johnson Senior VP - State Fiscal Policy | Officer | 40 | $212,271 |
Charles Marr Vice President - Federal Tax Policy | 40 | $203,937 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Do Big Things Consultant | 12/30/21 | $350,000 |
Hit Strategies Consultant | 12/30/21 | $388,200 |
Lake Research Partners Consultant | 12/30/21 | $265,000 |
Berlin Rosen Consultant | 12/30/21 | $470,000 |
Global Strategy Group Consultant | 12/30/21 | $193,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,558,619 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,749,441 |
| Noncash contributions included in lines 1a–1f | $205,596 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,308,060 |
| Total Program Service Revenue | $762,097 |
| Investment income | $1,307,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $113,359 |
| Net Income from Fundraising Events | -$54,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,436,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,389,900 |
| 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. | $1,724,117 |
| Compensation of current officers, directors, key employees. | $164,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,799,748 |
| Pension plan accruals and contributions | $1,037,847 |
| Other employee benefits | $1,743,845 |
| Payroll taxes | $1,365,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,282 |
| Fees for services: Accounting | $137,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $93,420 |
| Fees for services: Investment Management | $50,859 |
| Fees for services: Other | $7,101,976 |
| Advertising and promotion | $0 |
| Office expenses | $651,592 |
| Information technology | $219,272 |
| Royalties | $0 |
| Occupancy | $2,056,879 |
| Travel | $95,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $763,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $417,141 |
| Insurance | $24,526 |
| All other expenses | $0 |
| Total functional expenses | $49,106,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,137,302 |
| Savings and temporary cash investments | $25,168,944 |
| Pledges and grants receivable | $10,747,803 |
| Accounts receivable, net | $506,386 |
| 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 | $519,100 |
| Net Land, buildings, and equipment | $4,008,227 |
| Investments—publicly traded securities | $79,366,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $402,248 |
| Total assets | $126,856,669 |
| Accounts payable and accrued expenses | $4,048,308 |
| 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 | $8,098,569 |
| Total liabilities | $12,146,877 |
| Net assets without donor restrictions | $58,660,380 |
| Net assets with donor restrictions | $56,049,412 |
| 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 | $126,856,669 |
Grants Awarded
Over the last fiscal year, Center On Budget And Policy Priorities has awarded $14,389,900 in support to 187 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: Tax & Health Project | $250,000 |
Boston, MA PURPOSE: State Opportunities Project | $250,000 |
Cleveland, OH PURPOSE: Proactive Revenues Cohort Project | $225,000 |
Richmond, VA PURPOSE: Proactive Revenues Cohort Project | $200,000 |
Atlanta, GA PURPOSE: Proactive Revenues Cohort Project | $200,000 |
Boston, MA PURPOSE: State Opportunities Project | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Center On Budget And Policy Priorities has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Cooper Housing Institute Irvine, CA PURPOSE: RESEARCH/ADVOCACY | $10,000 |
Brown Family Foundation Inc Cumberland, WI PURPOSE: OPERATING | $2,000 |
Endowment Analysis
| Beg. Balance | $39,573,290 |
| Earnings | $3,881,389 |
| Ending Balance | $43,454,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Foundation Washington, DC | $381,332,869 | $119,134,479 |
Center On Budget And Policy Priorities Washington, DC | $126,856,669 | $53,436,981 |
Stand Together Foundation Arlington, VA | $244,539,252 | $260,533,997 |
Bipartisan Policy Center Inc Washington, DC | $51,557,481 | $44,892,397 |
Center For The Study Of Services Washington, DC | $11,715,513 | $16,033,912 |
American Bridge 21st Century Foundation Washington, DC | $2,285,446 | $9,934,660 |
National Governors Association Center For Best Practices Washington, DC | $36,736,183 | $16,037,440 |
Nreca Research Arlington, VA | $5,324,315 | $13,693,671 |
National Center On Education & The Economy Washington, DC | $72,771,895 | $12,008,332 |
National Center For Public Policy Research Inc Washington, DC | $2,951,732 | $13,112,904 |
Pulitzer Center On Crisis Reporting Washington, DC | $35,485,888 | $10,738,135 |
The Niskanen Center Inc Washington, DC | $8,745,910 | $12,163,223 |