Nonprofit · EIN 52-1234565
CENTER ON BUDGET AND POLICY PRIORITIES
Tax-exempt · WASHINGTON, DC 20002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $52,523,656 | $48,575,049 | $3,948,607 | $171,997,860 | $24,634,760 | $147,363,100 |
| December 31, 2023 | 990 | $32,208,552 | $44,312,883 | -$12,104,331 | $163,943,457 | $26,446,085 | $137,497,372 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $48,530,182
- Program service revenue
- $913,179
- Investment income
- $3,079,239
- Net gain from sales of assets
- $11,974
- Other revenue
- $1,056
Expenses
- Grants and similar amounts paid
- $10,726,910
- Compensation of officers, directors and key employees
- $1,542,254
- Other salaries and wages
- $18,081,563
- Salaries, compensation and benefits (total)
- $24,133,488
- Professional fundraising fees
- $0
- Legal fees
- $95,804
- Accounting fees
- $489,329
- Occupancy
- $2,183,800
- Travel
- $866,794
- Depreciation
- $389,686
- Program services (functional)
- $42,182,591
- Management and general (functional)
- $4,437,392
- Fundraising (functional)
- $1,955,066
Balance sheet and other
- Total assets, start of year
- $163,943,457
- Total assets, end of year
- $171,997,860
- Total liabilities, end of year
- $24,634,760
- Net assets, end of year
- $147,363,100
- Land, buildings and equipment
- $2,852,783
- Publicly traded securities
- $108,677,661
- Net assets without donor restrictions
- $75,634,857
- Net assets with donor restrictions
- $71,728,243
- Gross receipts
- $77,932,682
- Employees
- 201
- Volunteers
- 0
- Year formed
- 1981
- 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 |
|---|---|---|---|---|
| Sharon Parrott | President Officer | 40 | $352,602 | $53,545 |
| Lisa Bornstein | COO and General Counsel thru 8/16/24 Officer | 40 | $295,093 | $38,445 |
| Ellen Nissenbaum | Senior VP - Government Affairs Highest-paid employee | 40 | $272,020 | $31,264 |
| Shannon Spillane Buckingham | SVP Communications and Sr Counselor Key employee | 40 | $239,010 | $51,210 |
| Joel Friedman | Senior VP - Federal Fiscal Policy Highest-paid employee | 40 | $239,931 | $43,363 |
| Michael Leachman | Senior Vice President of SFP Highest-paid employee | 40 | $229,380 | $45,705 |
| Allison Orris | Senior Fellow Highest-paid employee | 40 | $231,166 | $29,696 |
| Charles Marr | VP - Federal Tax Policy Highest-paid employee | 40 | $240,239 | $18,766 |
| Peggy Bailey | Exec VP Policy & Program Development Key employee | 40 | $229,308 | $27,662 |
| Lynda Brooks | Chief Financial officer Officer | 40 | $228,470 | $26,909 |
| Ken Apfel | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Henry Aaron | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Kim Wallace | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Mayra E Alvarez | Director Trustee or director | 1 | $0 | $0 |
| Maria Cancian | Director Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Henry A Coleman | Director Trustee or director | 1 | $0 |
| David de Ferranti | Director Trustee or director | 1 | $0 |
| James Jimenez | Director Trustee or director | 1 | $0 |
| Lili Lynton | Director Trustee or director | 1 | $0 |
| C Lynn McNair | Director Trustee or director | 1 | $0 |
| Ai-jen Poo | Director Trustee or director | 1 | $0 |
| Robert D Reischaer | Director Trustee or director | 1 | $0 |
| Samantha Tweedy | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sharon Parrott | President Officer | 40 | $339,908 | $52,428 |
| Lisa Bornstein | COO and General Counsel Key employee | 40 | $249,626 | $43,796 |
| Ellen Nissenbaum | Senior VP - Government Affairs Key employee | 40 | $259,804 | $30,584 |
| Shannon Spillane Buckingham | Sr VP Communications/ Sr Counselor Key employee | 40 | $228,101 | $51,596 |
| Joel Friedman | Senior VP - Federal Fiscal Policy Key employee | 40 | $230,103 | $44,097 |
| Ty Jones Cox | VP - Food Assistance Policy Highest-paid employee | 40 | $213,004 | $52,336 |
| Michael Leachman | Senior Vice President of SFP Highest-paid employee | 40 | $217,429 | $44,766 |
| Allison Orris | Senior Fellow Highest-paid employee | 40 | $222,009 | $28,964 |
| Charles Marr | VP- Federal Tax Policy Highest-paid employee | 40 | $220,288 | $19,222 |
| Peggy Bailey | Exec VP Policy & Program Development. Highest-paid employee | 40 | $208,904 | $26,317 |
| Lynda Brooks | Chief Financial Officer Officer | 40 | $207,846 | $26,414 |
| Ken Apfel | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Henry Aaron | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Kim Wallace | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Mayra E Alvarez | Director Trustee or director | 1 | $0 | $0 |
| Maria Cancian | Director Trustee or director | 1 | $0 | $0 |
| Henry A Coleman | Director Trustee or director | 1 | $0 | $0 |
| David de Ferranti | Director Trustee or director | 1 | $0 | $0 |
| Ai-jen Poo | Director Trustee or director | 1 | $0 | $0 |
| James Jimenez | Director Trustee or director | 1 | $0 | $0 |
| Wayne Jordan | Director Trustee or director | 1 | $0 | $0 |
| Jacob Lew | Director Trustee or director | 1 | $0 | $0 |
| C Lynn McNair | Director Trustee or director | 1 | $0 | $0 |
| Robert D Reischaer | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1275 1ST ST NE STE 1200, WASHINGTON, DC 20002-3193
- Principal officer (990 for 2024)
- Sharon Parrott, 1275 First Street NE 1200, Washington, DC 200023193
- Signed the 990
- Sharon Parrott, President
- Phone
- (202) 408-1080
- Website
- www.cbpp.org
- Return prepared by
- Rogers & Company PLLC
Mission
Promoting better public understanding, providing factual information and data, and analyzing impacts of government programs and policies that affect the lives of low and moderate income families and individuals at federal and state levels.
Program accomplishments
- 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.Expenses $20,703,034 · grants $10,069,910 · revenue $120,885
- 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.Expenses $8,896,417 · grants $176,500 · revenue $344,200
- 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.Expenses $5,235,749 · grants $480,500 · revenue $144,994
- Federal and state health projects: Works to improve the health of low-income families and individuals through research, improvements in program policies and operations, and outreach strategies to increase child and family health insurance coverage.Expenses $5,962,744 · revenue $303,100
- Organizational Initiatives: Includes work focused on longer-term policy development, enhancing staff development and capacity, and integrating race equity into our work.Expenses $1,384,647
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
- 52-1234565
- 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
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W050)
- Assets (IRS master file)
- $171,997,860
- Income (IRS master file)
- $77,932,682
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $52,523,656 | $48,575,049 | $171,997,860 | XML |
| 990 | December 2023 | $32,208,552 | $44,312,883 | $163,943,457 | XML |
| 990 | December 2022 | $80,451,696 | $42,656,596 | $172,859,656 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | 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 52-1234565).
Questions about CENTER ON BUDGET AND POLICY PRIORITIES
- What is the EIN of CENTER ON BUDGET AND POLICY PRIORITIES?
- The employer identification number (EIN) of CENTER ON BUDGET AND POLICY PRIORITIES is 52-1234565.
- Is CENTER ON BUDGET AND POLICY PRIORITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to CENTER ON BUDGET AND POLICY PRIORITIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER ON BUDGET AND POLICY PRIORITIES 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 CENTER ON BUDGET AND POLICY PRIORITIES 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 CENTER ON BUDGET AND POLICY PRIORITIES 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 CENTER ON BUDGET AND POLICY PRIORITIES?
- The 990 for the year ended December 31, 2024 names Sharon Parrott.
- Who are the officers and directors of CENTER ON BUDGET AND POLICY PRIORITIES?
- The 990 for the year ended December 31, 2024 lists 23 people; 10 received compensation from the organization, the highest $352,602 (Sharon Parrott, President).
- How much revenue does CENTER ON BUDGET AND POLICY PRIORITIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $52,523,656, expenses of $48,575,049 and total assets of $171,997,860 at year end.
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