Potomac Institute For Policy Studies
- Assets
- $22.2m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 52
- Location
- Arlington, VA
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 54-1700997
Organization Overview
Potomac Institute For Policy Studies is located in Arlington, VA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Potomac Institute For Policy Studies employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Institute For Policy Studies 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 12/2022, Potomac Institute For Policy Studies generated $13.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $13.2m during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONTRACT RESEARCH & STUDIES OF SCIENTIFIC TECHNOLOGY & POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE ASSISTED THE FEDERAL GOVERNMENT AND PRIVATE INDUSTRY IN DEVELOPING SCIENTIFIC & TECHNOLOGY POLICIES, INCLUDING STRATEGIC PLANNING, TECHNICAL EVALUATION, AND TECHNICAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gen Alfred M Gray Usmc Ret Chair | OfficerTrustee | 4 | $151,000 |
Jennifer M Buss PHD CEO | OfficerTrustee | 40 | $319,190 |
Gail G Clifford CPA VP For Financial Mgmt | OfficerTrustee | 40 | $272,056 |
Gary L Sojka Secretary/treasurer | OfficerTrustee | 10 | $0 |
Lyle A Cox Jr PHD Director | Trustee | 4 | $60,000 |
Theodore Glum Director | Trustee | 4 | $59,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C3ai Inc Consulting | 12/30/22 | $1,117,000 |
Idenx Consulting | 12/30/22 | $887,980 |
Mantel Technologies Inc Consulting | 12/30/22 | $650,000 |
J4 Insights Llc Consulting | 12/30/22 | $175,650 |
Michael Fritze Phd Consulting | 12/30/22 | $144,145 |
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 | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $13,302,140 |
| Investment income | $2,727 |
| 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 | $13,330,733 |
| 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. | $868,225 |
| Compensation of current officers, directors, key employees. | $307,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,950,964 |
| Pension plan accruals and contributions | $216,884 |
| Other employee benefits | $1,546,799 |
| Payroll taxes | $358,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $405,522 |
| Advertising and promotion | $0 |
| Office expenses | $30,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,527,329 |
| Travel | $72,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,782 |
| Insurance | $2,221 |
| All other expenses | -$5,617,967 |
| Total functional expenses | $13,214,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,553 |
| Savings and temporary cash investments | $3,007,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,961,467 |
| 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 |
| Net Land, buildings, and equipment | $37,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,646,356 |
| Total assets | $22,233,192 |
| Accounts payable and accrued expenses | $1,074,640 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $770,011 |
| 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 | $15,649,093 |
| Total liabilities | $17,493,744 |
| Net assets without donor restrictions | $4,739,448 |
| 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 | $22,233,192 |