Nonprofit · EIN 87-2449729
INSTITUTE FOR PROGRESS
Tax-exempt · WASHINGTON, DC 20002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,075,917 | $3,597,698 | -$2,521,781 | $3,943,124 | $284,256 | $3,658,868 |
| December 31, 2023 | 990 | $8,198,072 | $3,079,238 | $5,118,834 | $6,919,451 | $437,436 | $6,482,015 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $949,304
- Program service revenue
- $46,130
- Investment income
- $79,323
- Other revenue
- $1,160
Expenses
- Grants and similar amounts paid
- $196,165
- Compensation of officers, directors and key employees
- $537,727
- Other salaries and wages
- $1,452,719
- Salaries, compensation and benefits (total)
- $2,341,538
- Professional fundraising fees
- $600
- Legal fees
- $4,851
- Accounting fees
- $80,260
- Occupancy
- $133,748
- Travel
- $115,009
- Depreciation
- $20,142
- Program services (functional)
- $2,868,554
- Management and general (functional)
- $538,935
- Fundraising (functional)
- $190,209
Balance sheet and other
- Total assets, start of year
- $6,919,451
- Total assets, end of year
- $3,943,124
- Total liabilities, end of year
- $284,256
- Net assets, end of year
- $3,658,868
- Land, buildings and equipment
- $14,400
- Net assets without donor restrictions
- $932,492
- Net assets with donor restrictions
- $2,726,376
- Gross receipts
- $1,075,917
- Employees
- 16
- Volunteers
- 3
- Year formed
- 2021
- State of legal domicile
- DE
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 |
|---|---|---|---|---|
| AMY NICE | DISTINGUISHED IMMIGRATION COUNSEL Officer | 40 | $250,000 | $33,598 |
| CALEB WATNEY | CO-CEO Trustee or director, Officer | 40 | $240,362 | $31,020 |
| ALEC STAPP | CO-CEO Trustee or director, Officer | 40 | $246,008 | $20,337 |
| SANTIAGO RUIZ | SENIOR EDITOR Officer | 40 | $138,071 | $25,364 |
| BRIAN POTTER | SENIOR INFRASTRUCTURE FELLOW Officer | 40 | $137,151 | $21,676 |
| JEREMY NEUFELD | SENIOR IMMIGRATION FELLOW Officer | 40 | $141,179 | $14,442 |
| TIMOTHY FIST | DIRECTOR OF EMERGING TECHNOLOGY POLICY Officer | 40 | $140,686 | $7,034 |
| DANIEL CORRREA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMARA WINTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACHARY GRAVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CALEB WATNEY | CO-CEO Trustee or director, Officer | 40 | $202,500 | $20,154 |
| ALEC STAPP | CO-CEO Trustee or director, Officer | 40 | $202,500 | $17,526 |
| BRIAN POTTER | SR INFRASTRUCTURE FELLOW Highest-paid employee | 40 | $140,000 | $12,345 |
| JEREMY NEUFELD | SR IMMIGRATION FELLOW Highest-paid employee | 40 | $129,167 | $13,241 |
| SANTIAGO RUIZ | SR EDITOR Highest-paid employee | 40 | $116,250 | $14,994 |
| ARIELLE D'SOUZA | BIOTECH FELLOW Highest-paid employee | 40 | $101,667 | $8,719 |
| DANIEL CORREA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMARA WINTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACHARY GRAVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1255 UNION ST NE STE 820, WASHINGTON, DC 20002-0346
- Principal officer (990 for 2024)
- ALEC STAPP, 1255 UNION ST NE 820, WASHINGTON, DC 20002
- Signed the 990
- ALEC STAPP, CO-CEO
- Phone
- (480) 628-6863
- Website
- WWW.IFP.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
THE INSTITUTE FOR PROGRESS (IFP) IS A NON-PARTISAN THINK TANK FOCUSED ON INNOVATION POLICY. OUR ORGANIZATION WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL AND INDUSTRIAL PROGRESS.
Program accomplishments
- THE INSTITUTE FOR PROGRESS (IFP) WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL, AND INDUSTRIAL PROGRESS. HEADQUARTERED IN WASHINGTON D.C., IFP WORKS WITH POLICYMAKERS ACROSS THE POLITICAL SPECTRUM TO MAKE IT EASIER TO BUILD THE FUTURE IN THE UNITED STATES.Expenses $2,868,554 · grants $196,165 · revenue $46,130
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
- 87-2449729
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Social science (V30)
- Assets (IRS master file)
- $3,943,124
- Income (IRS master file)
- $1,075,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,075,917 | $3,597,698 | $3,943,124 | XML |
| 990 | December 2023 | $8,198,072 | $3,079,238 | $6,919,451 | XML |
| 990 | December 2022 | $970,114 | $1,201,769 | $1,531,455 | IRS |
| 990 | December 2021 | $1,900,000 | $159,934 | $1,741,385 | 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 87-2449729).
Questions about INSTITUTE FOR PROGRESS
- What is the EIN of INSTITUTE FOR PROGRESS?
- The employer identification number (EIN) of INSTITUTE FOR PROGRESS is 87-2449729.
- Is INSTITUTE FOR PROGRESS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to INSTITUTE FOR PROGRESS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR PROGRESS 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 PROGRESS 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 PROGRESS 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 PROGRESS?
- The 990 for the year ended December 31, 2024 names ALEC STAPP.
- Who are the officers and directors of INSTITUTE FOR PROGRESS?
- The 990 for the year ended December 31, 2024 lists 10 people; 7 received compensation from the organization, the highest $250,000 (AMY NICE, DISTINGUISHED IMMIGRATION COUNSEL).
- How much revenue does INSTITUTE FOR PROGRESS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,075,917, expenses of $3,597,698 and total assets of $3,943,124 at year end.
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