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Nonprofit · EIN 16-1703662

PUBLIC ASSETS INSTITUTE INC

Tax-exempt · MONTPELIER, VT 05601

Financials

$556K$583K2022$544K$611K2023$706K$674K2024
Revenue Expenses · by fiscal year end
Financials of PUBLIC ASSETS INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$706,060$674,185$31,875$529,251$45,206$484,045
June 30, 2024990$544,396$610,905-$66,509$424,809$32,639$392,170
June 30, 2023990$555,832$582,610-$26,778$490,161$31,482$458,679
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$699,096
Program service revenue
$450
Investment income
$6,514
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$103,200
Other salaries and wages
$422,677
Salaries, compensation and benefits (total)
$570,043
Professional fundraising fees
$0
Legal fees
$6,506
Occupancy
$2,700
Travel
$2,504
Program services (functional)
$530,221
Management and general (functional)
$82,232
Fundraising (functional)
$61,732

Balance sheet and other

Total assets, start of year
$424,809
Total assets, end of year
$529,251
Total liabilities, end of year
$45,206
Net assets, end of year
$484,045
Net assets without donor restrictions
$356,858
Net assets with donor restrictions
$127,187
Gross receipts
$706,060
Employees
7
Volunteers
10
Year formed
2003
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
STEPHANIE YUEXECUTIVE DIRECTOR
Trustee or director, Officer
35$99,450
CD MATTISONDIRECTOR
Trustee or director
2$0
SANDRINE KIBUEYDIRECTOR
Trustee or director
2$0
LESLIE BLACK-PLUMEAUDIRECTOR
Trustee or director
2$0
SHABNAM NOLANDIRECTOR
Trustee or director
2$0
JANET ANCELDIRECTOR
Trustee or director
2$0
SCUDDER PARKERDIRECTOR
Trustee or director
2$0
STEVEN GOLDCHAIRMAN
Trustee or director, Officer
2$0
JARED DUVALSECRETARY
Trustee or director, Officer
2$0
ED PAQUINTREASURER
Trustee or director, Officer
2$0
WEIWEI WANGVICE CHAIR
Trustee or director, Officer
2$0
990 for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensation
STEPHANIE YUPRESIDENT
Trustee or director, Officer
40$98,183
JANET ANCELVICE CHAIR
Trustee or director, Officer
2$0
ED PAQUINTREASURER INCOMING
Trustee or director, Officer
2$0
STEVEN GOLDCHAIRMAN
Trustee or director, Officer
2$0
GAYE SYMINGTONTREASURER OUTGOING
Trustee or director, Officer
2$0
JARED DUVALSECRETARY
Trustee or director, Officer
2$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensation
PAUL CILLOPRESIDENT
Trustee or director, Officer
40$99,466
STEPHANIE YUPRESIDENT
Trustee or director, Officer
40$69,170
BEN DOYLEBOARD MEMBER
Trustee or director
2$0
SCUDDER PARKERBOARD MEMBER
Trustee or director
2$0
CARLEN FINNBOARD MEMBER
Trustee or director
2$0
CD MATTISONBOARD MEMBER
Trustee or director
2$0
GAYE SYMINGTONTREASURER
Trustee or director, Officer
2$0
STEVEN GOLDCHAIRMAN
Trustee or director, Officer
2$0
WEIWEI WANGVICE CHAIR
Trustee or director, Officer
2$0
JARED DUVALSECRETARY
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 942, MONTPELIER, VT 05601-0942
In care of
% STEPHANIE YU
Principal officer (990 for 2024)
STEPHANIE YU, PO BOX 942, MONTPELIER, VT 05601
Signed the 990
STEPHANIE YU, EXECUTIVE DIRECTOR
Phone
(802) 917-4358
Return prepared by
Pace & Hawley LLC

Mission

PUBLIC ASSETS INSTITUTE IMPROVES THE WELLBEING OF ALL VERMONTERS AND ADVANCES RACIAL, SOCIAL, AND ECONOMIC JUSTICE THROUGH RESEARCH, FISCAL ANALYSIS, PUBLIC ENGAGEMENT AND EMPOWERMENT, AND BY DEVELOPING AND PROMOTING POLICIES THAT STATE GOVERNMENT CAN ENACT.

990 for the year ended June 30, 2025

Program accomplishments

  • CONDUCT, PRODUCE, AND DISSEMINATE CREDIBLE, TIMELY, RELIABLE, AND ACCESSIBLE RESEARCH AND ANALYSIS ABOUT STATE-LEVEL BUDGET PRIORITIES, POLICIES, AND TAX AND REVENUE ISSUES, PARTICULARLY THOSE AFFECTING HUMAN SERVICES AND THE WELL-BEING OF LOW INCOME CHILDREN AND FAMILIES. COMMUNICATE RESEARCH AND ANALYSIS EFFECTIVELY TO STATE POLICY MAKERS AND THE NEWS MEDIA, DEMONSTRATING A QUICK RESPONSE CAPABILITY ON TAX AND BUDGET ISSUES. REACH OUT TO OTHER ORGANIZATIONS AND INDIVIDUALS WHO CAN CONTRIBUTE TO, AND USE FISCAL INFORMATION AND ANALYSES, WORKING CLOSELY WITH THEM TO ENSURE THAT PUBLIC ASSETS WORK IS RESPONSIVE TO THEIR NEEDS AND INTERESTS. EDUCATE INTEREST GROUPS ABOUT POLICIES THAT BENEFIT LOW-INCOME CHILDREN AND FAMILIES AND THE PUBLIC GOOD. WIDELY DISSEMINATE REPORTS, ANALYSIS, EASILY UNDERSTOOD FACT SHEETS, AND THE ISSUE BRIEFS TO APPROPRIATE AUDIENCES. CONDUCT WORKSHOPS AND BRIEFINGS ON SIGNIFICANT BUDGET AND TAX ISSUES.
    Expenses $530,221 · revenue $450

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
16-1703662
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$529,251
Income (IRS master file)
$706,060

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$706,060$674,185$529,251IRS
990June 2024$544,396$610,905$424,809IRS
990June 2023$555,832$582,610$490,161XML
990June 2022$739,196$582,331$528,161IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1703662).

Questions about PUBLIC ASSETS INSTITUTE INC

What is the EIN of PUBLIC ASSETS INSTITUTE INC?
The employer identification number (EIN) of PUBLIC ASSETS INSTITUTE INC is 16-1703662.
Is PUBLIC ASSETS INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to PUBLIC ASSETS INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PUBLIC ASSETS INSTITUTE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PUBLIC ASSETS INSTITUTE INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PUBLIC ASSETS INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PUBLIC ASSETS INSTITUTE INC?
The 990 for the year ended June 30, 2025 names STEPHANIE YU.
Who are the officers and directors of PUBLIC ASSETS INSTITUTE INC?
The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $99,450 (STEPHANIE YU, EXECUTIVE DIRECTOR).
How much revenue does PUBLIC ASSETS INSTITUTE INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $706,060, expenses of $674,185 and total assets of $529,251 at year end.

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