Nonprofit · EIN 52-0788947
INSTITUTE FOR POLICY STUDIES
Tax-exempt · SUITE, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,650,996 | $5,230,308 | $420,688 | $12,261,689 | $1,220,328 | $11,041,361 |
| December 31, 2023 | 990 | $4,447,197 | $4,725,071 | -$277,874 | $12,035,111 | $1,568,119 | $10,466,992 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,180,598
- Program service revenue
- $0
- Investment income
- $425,836
- Net rental income
- $79,200
- Net gain from sales of assets
- $258,928
- Net income from fundraising events
- -$29,945
- Other revenue
- $44,562
Expenses
- Grants and similar amounts paid
- $258,945
- Compensation of officers, directors and key employees
- $284,138
- Other salaries and wages
- $2,299,836
- Salaries, compensation and benefits (total)
- $3,197,333
- Professional fundraising fees
- $0
- Legal fees
- $9,427
- Accounting fees
- $178,993
- Occupancy
- $395,623
- Travel
- $54,020
- Depreciation
- $57,293
- Program services (functional)
- $4,418,530
- Management and general (functional)
- $443,605
- Fundraising (functional)
- $368,173
Balance sheet and other
- Total assets, start of year
- $12,035,111
- Total assets, end of year
- $12,261,689
- Total liabilities, end of year
- $1,220,328
- Net assets, end of year
- $11,041,361
- Land, buildings and equipment
- $139,137
- Publicly traded securities
- $7,493,507
- Net assets without donor restrictions
- $1,547,138
- Net assets with donor restrictions
- $9,494,223
- Gross receipts
- $6,905,315
- Employees
- 47
- Volunteers
- 66
- Year formed
- 1962
- State of legal domicile
- DC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOPE FOLARIN | EXECUTIVE DIRECTOR Trustee or director, Officer | 37.5 | $161,376 | $27,313 |
| KATHLEEN GASPARD | DEPUTY DIRECTOR Highest-paid employee | 37.5 | $128,519 | $5,250 |
| JOHN CAVANAGH | SENIOR ADVISOR Trustee or director, Officer | 37.5 | $72,800 | $22,649 |
| SARITA GUPTA | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN POMERANZ | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BURKE STANSBURY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| HEIDI PELTIER | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES EARLY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| NOURA ERAKAT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JODIE EVANS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KATRINA VANDEN HEUVEL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ANDY SHALLAL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KHURY PETERSEN-SMITH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ROBERT BOROSAGE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SULMA ARIAS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANNY GLOVER | TRUSTEE THRU NOV 2024 Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOPE FOLARIN | EXECUTIVE DIRECTOR Trustee or director, Officer | 37.5 | $156,195 | $20,046 |
| KATHLEEN GASPARD | DEPUTY DIRECTOR Highest-paid employee | 37.5 | $124,420 | $764 |
| JOHN CAVANAGH | SENIOR ADVISOR Trustee or director, Officer | 37.5 | $70,000 | $21,809 |
| SARITA GUPTA | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN POMERANZ | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BURKE STANSBURY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| HEIDI PELTIER | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES EARLY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| NOURA ERAKAT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JODIE EVANS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KATRINA VANDEN HEUVEL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ANDY SHALLAL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KHURY PETERSEN-SMITH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DANNY GLOVER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ROBERT BOROSAGE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SULMA ARIAS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 CONNECTICUT AVE NW, SUITE, DC 20036-1815
- Principal officer (990 for 2024)
- TOPE FOLARIN, 1301 CONNECTICUT AVENUE NW 600, WASHINGTON, DC 20036
- Signed the 990
- TOPE FOLARIN, EXECUTIVE DIRECTOR
- Phone
- (202) 234-9382
- Website
- WWW.IPS-DC.ORG
- Return prepared by
- SNYDER COHN PC
Mission
THE INSTITUTE FOR POLICY STUDIES (THE INSTITUTE) IS A 60-YEAR-OLD ORGANIZATION THAT IS DEDICATED TO BUILDING A MORE EQUITABLE, ECOLOGICALLY SUSTAINABLE, AND PEACEFUL SOCIETY.
Program accomplishments
- NEW ECONOMY - IPS HAS BEEN A LEADER IN STRENGTHENING RESPONSES TO THE GLOBAL ECONOMY BY PROVIDING RESEARCH, WRITING AND COMMUNICATION. THIS PROJECT HAS PRODUCED COUNTLESS RESEARCH REPORTS, ARTICLES, FORUMS, AND BOOKS.Expenses $1,982,309 · grants $8,945
- COMMON SECURITY - THIS PROJECT WORKS TO COMBAT ECONOMIC INEQUALITY, ACHIEVE CLIMATE JUSTICE, AND BUILD PEACE. IT'S FOCUSED ON FOREIGN POLICY BASED ON HUMAN RIGHTS, INTERNATIONAL LAW, AND DIPLOMACY OVER MILITARY INTERVENTION.Expenses $849,565
- AFFILIATES - THE NATIONAL PRIORITIES PROJECT (NPP) CARRIES OUT RESEARCH AND ADVOCACY THAT HELPS THE PUBLIC UNDERSTAND NATIONAL PRIORITIES THROUGH THE LENS OF THE FEDERAL BUDGET.Expenses $572,250 · grants $250,000
- COMMUNICATIONS - INEQUALITY.ORG - INEQUALITY.ORG IS THE PREMIER PORTALFOR THE PUBLIC AT LARGE, JOURNALISTS, TEACHERS, STUDENTS, ACADEMICS, ACTIVISTS, AND ANY OTHERS SEEKING INFORMATION AND ANALYSIS ON WEALTHAND INCOME INEQUALITY. ULTIMATELY, THE INSTITUTE'S MISSION IS TO CREATEAND CURATE HIGH-QUALITY RESEARCH AND INFORMATION, ALONG WITH COMPELLINGSTORIES, WITH THE GOAL OF ENDING ECONOMIC INEQUALITY IN THE U.S. ANDABROAD. OTHERWORDS - OTHERWORDS IS A FREE, NON-PROFIT EDITORIAL SERVICETHAT DISTRIBUTES PROGRESSIVE COMMENTARIES TO HEARTLAND NEWSPAPERSACROSS THE UNITED STATES. FOREIGN POLICY IN FOCUS - FOREIGN POLICY INFOCUS (FPIF) IS A "THINK TANK WITHOUT WALLS" CONNECTING THE RESEARCHAND ACTION OF MORE THAN 600 SCHOLARS, ADVOCATES, AND ACTIVISTS SEEKINGTO MAKE THE UNITED STATES A MORE RESPONSIBLE GLOBAL PARTNER. FPIFPROVIDES TIMELY ANALYSIS OF U.S. FOREIGN POLICY AND INTERNATIONALAFFAIRS AND RECOMMENDS POLICY ALTERNATIVES.Expenses $613,645
- NEXT LEADERS - THE NEXT LEADERS PROGRAM BRINGS IN 10-15 NEXT LEADER INTERNS EACH YEAR FOR 10 WEEK PAID INTERNSHIPS, WITH AN EMPHASIS ON LOW-INCOME STUDENTS AND PEOPLE OF COLOR.Expenses $189,735
- SPECIAL PROJECTS - THE INSTITUTE NURTURED THE DEVELOPMENT OF SEVERALPROJECTS WORKING TO BUILD A MORE JUST, PEACEFUL, AND SUSTAINABLE WORLDIN THE U.S. AND AROUND THE GLOBE.Expenses $211,026
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0788947
- 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
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q055)
- Assets (IRS master file)
- $12,261,689
- Income (IRS master file)
- $6,905,315
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,650,996 | $5,230,308 | $12,261,689 | XML |
| 990 | December 2023 | $4,447,197 | $4,725,071 | $12,035,111 | XML |
| 990 | December 2022 | $5,782,644 | $5,367,847 | $12,708,680 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 52-0788947).
Questions about INSTITUTE FOR POLICY STUDIES
- What is the EIN of INSTITUTE FOR POLICY STUDIES?
- The employer identification number (EIN) of INSTITUTE FOR POLICY STUDIES is 52-0788947.
- Is INSTITUTE FOR POLICY STUDIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to INSTITUTE FOR POLICY STUDIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR POLICY STUDIES 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 INSTITUTE FOR POLICY STUDIES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR POLICY STUDIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INSTITUTE FOR POLICY STUDIES?
- The 990 for the year ended December 31, 2024 names TOPE FOLARIN.
- Who are the officers and directors of INSTITUTE FOR POLICY STUDIES?
- The 990 for the year ended December 31, 2024 lists 16 people; 3 received compensation from the organization, the highest $161,376 (TOPE FOLARIN, EXECUTIVE DIRECTOR).
- How much revenue does INSTITUTE FOR POLICY STUDIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,650,996, expenses of $5,230,308 and total assets of $12,261,689 at year end.