FUND FOR POLICY REFORM INC

EIN: 264351242 Public & Societal Benefit

NEW YORK, NY

Total Revenue
$329,080,981
Total Expenses
$406,920,722
Total Assets
$776,276,857
Net Assets
$693,937,114
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
DE
Principal Officer
LEONARD BENARDO
Phone
2125480600
Tax Period
2023-01-01 to 2023-12-31

FUND FOR POLICY REFORM INC, founded in 2009, is a major nonprofit in the Public & Societal Benefit sector that reported $329.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $406.9M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROMOTE SOCIAL WELFARE WITHIN THE MEANING OF SEC. 501 (C) (4), INCLUDING FUNDING INITIATIVES RELATED TO PUBLIC WELFARE, DRUG POLICY, ALLEVIATION OF POVERTY & CRIMINAL JUSTICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $327,000,000
Program Service Revenue $0
Investment Income $2,080,981
Other Revenue $0
TOTAL REVENUE $329,080,981

Expense Breakdown

Grants Paid $349,849,159
Salaries & Benefits $7,503,554
Fundraising Expenses $0
Program Expenses $371,251,279
Other Expenses $49,568,009
TOTAL EXPENSES $406,920,722

Year-over-Year Comparison

2023 2022 Change
Revenue $329,080,981 $357,192,867 -0.1%
Expenses $406,920,722 $403,103,804 +0.0%
Net Income $-77,839,741 $-45,910,937 +0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
9

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$60,416
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL VACHON DIRECTOR 0.02
Director
$0 $0 $0
LEONARD BENARDO DIRECTOR 0.02
Officer Director
$0 $0 $0
MARYANN CANFIELD DIRECTOR 0.02
Director
$0 $0 $0
ALEXANDER SOROS DIRECTOR 0.02
Director
$0 $0 $0
MAIJA ARBOLINO TREASURER 1.28
Officer
$14,201 $3,841 $19,475
CATHERINE LIVINGSTON SECRETARY 0.02
Officer
$18,436 $4,069 $40,941
HUGO ARLEY TOBAR OTERO PROGRAM DIRECTOR 40.00
Highest
$184,265 $19,587 $203,852
KYONG HWA SEOK PROGRAM DIRECTOR 40.00
Highest
$201,308 $116,301 $317,609
NICHOLAS HERNANDEZ GONZALEZ ASSOCIATE DIRECTOR 40.00
Highest
$180,156 $20,944 $201,100
ISABEL SOUSA RODRIGUEZ DIVISION DIRECTOR 40.00
Highest
$178,794 $17,322 $196,116
CHANGHO KIM PROGRAM OFFICER 40.00
Highest
$128,643 $77,796 $206,439
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $329,080,981 $406,920,722 $776,276,857 $-77,839,741
2022 $357,192,867 $403,103,804 $803,585,533 $-45,910,937
2021 $377,721,739 $348,275,369 $881,823,437 $29,446,370
2020 $260,295,701 $238,059,118 $751,249,630 $22,236,583
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