THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC

EIN: 592811908 501(c)(3)

TALLAHASSEE, FL

Total Revenue
$3,094,814
Total Expenses
$2,915,498
Total Assets
$2,283,255
Net Assets
$1,610,082
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
FL
Principal Officer
J ROBERT MCCLURE III
Phone
8503863131
Tax Period
2023-11-01 to 2024-10-31

THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC, founded in 1987, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 6% surplus.

Mission

THE MISSION OF THE JAMES MADISON INSTITUTE IS TO INFORM THE CITIZENS OF FLORIDA ABOUT THEIR GOVERNMENT AND TO ENSURE THE FUTURE OF THE STATE BY ADVANCING FREE-MARKET IDEAS PERTAINING TO THE ISSUES OF PUBLIC POLICY.

Program Service Accomplishments

Program 1
Expenses: $1,558,572

RESEARCHERS PRODUCE INDEPENDENT, NON-PARTISAN REPORTS TO INFORM THE CITIZENS OF FLORIDA ABOUT IDEAS THAT ARE ROOTED IN A BELIEF IN THE U.S. CONSTITUTION AND SUCH TIMELESS IDEALS AS LIMITED...

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RESEARCHERS PRODUCE INDEPENDENT, NON-PARTISAN REPORTS TO INFORM THE CITIZENS OF FLORIDA ABOUT IDEAS THAT ARE ROOTED IN A BELIEF IN THE U.S. CONSTITUTION AND SUCH TIMELESS IDEALS AS LIMITED GOVERNMENT, ECONOMIC FREEDOM, FEDERALISM, AND INDIVIDUAL LIBERTY COUPLED WITH INDIVIDUAL RESPONSIBILITY. THESE REPORTS INCLUDE ONE EDITION OF THE JOURNAL OF THE JAMES MADISON INSTITUTE, SEVEN ISSUES OF POLICY BRIEFS, TWO ISSUES OF THE MESSENGER NEWSLETTER, BIWEEKLY EMAILS, AND MULTIPLE, ADDITIONAL, INCIDENTAL PUBLICATIONS AS NEEDED. THESE PUBLICATIONS ARE ROUTINELY DISTRIBUTED TO INSTITUTE MEMBERS, LEGISLATORS, POLICY MAKERS, AND MEDIA, AS WELL AS MADE AVAILABLE TO THE GENERAL PUBLIC AT EVENTS, ON THEIR WEBSITE,OR UPON REQUEST.

Program 2
Expenses: $505,659

IN 2024, JMI HELD A TECH SUMMIT EVENT IN CORAL GABLES WITH A TOTAL OF 135 ATTENDEES. THE INSTITUTE HELD APPROXIMATELY 35 CIVICS-RELATED EVENTS; POLICY EVENTS; AND STANLEY MARSHALL DAY, A CELEBRATION...

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IN 2024, JMI HELD A TECH SUMMIT EVENT IN CORAL GABLES WITH A TOTAL OF 135 ATTENDEES. THE INSTITUTE HELD APPROXIMATELY 35 CIVICS-RELATED EVENTS; POLICY EVENTS; AND STANLEY MARSHALL DAY, A CELEBRATION OF STANLEY MARSHALL. THE INSTITUTE STAFF MEMBERS ALSO PARTICIPATE IN NUMEROUS CONFERENCES BOTH STATEWIDE AND NATIONALLY. ALL THESE EVENTS SERVE MULTIPLE PURPOSES SUCH AS OUTREACH, PUBLIC POLICY AND/OR CIVICS EDUCATION, MEMBERSHIP BUILDING,NETWORKING,ETC.

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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 $3,111,203
Program Service Revenue $0
Investment Income $-3,924
Other Revenue $-12,465
TOTAL REVENUE $3,094,814

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,810,501
Fundraising Expenses $508,318
Program Expenses $2,064,231
Other Expenses $1,104,997
TOTAL EXPENSES $2,915,498

Year-over-Year Comparison

2023 2022 Change
Revenue $3,094,814 $2,749,626 +0.1%
Expenses $2,915,498 $2,759,756 +0.1%
Net Income $179,316 $-10,130 -18.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
16
Volunteers
10

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
$421,185
Total Directors
11
$421,185
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J ROBERT MCCLURE III PRESIDENT & 40.00
Officer Director
$394,423 $26,762 $421,185
TIMOTHY M CERIO DIRECTOR 1.00
Director
$0 $0 $0
JF BRYAN IV DIRECTOR 1.00
Director
$0 $0 $0
GLEN T BLAUCH JR VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN F KIRTLEY DIRECTOR 1.00
Director
$0 $0 $0
HAROUT SAMRA DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM SHEPHERD DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE SMITH DIRECTOR 1.00
Director
$0 $0 $0
ROBERT H GIDEL SR DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY V SWAIN CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOE S YORK DIRECTOR 1.00
Director
$0 $0 $0
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 $3,094,814 $2,915,498 $2,283,255 $179,316
2023 $2,749,626 $2,759,756 $2,224,182 $-10,130
2022 $2,096,424 $2,122,852 $2,191,271 $-26,428
2021 $2,379,199 $1,856,472 $2,254,274 $522,727
2020 $1,736,885 $1,714,388 $1,678,762 $22,497
2018 $1,515,885 $1,611,575 $1,622,185 $-95,690
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