THE PUBLIC INTEREST FELLOWSHIP FOUNDATION

EIN: 813033585 501(c)(3) Education

ARLINGTON, VA

Total Revenue
$2,715,209
Total Expenses
$4,811,658
Total Assets
$1,401,354
Net Assets
$1,342,068
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DE
Principal Officer
GARRETT EXNER
Phone
7273423460
Tax Period
2023-09-01 to 2024-08-31

The Public Interest Fellowship Foundation, founded in 2016, is a small nonprofit in the Education sector that reported $893K in total revenue in fiscal year 2018. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

THE PUBLIC INTEREST FELLOWSHIP FOUNDATION ("TPIFF") DRAWS ON THE LEGACY OF THAT GREAT JOURNAL OF IDEAS AND POLICY FOUNDED BY DANIEL BELL AND IRVING KRISTOL. THIS LEGACY NOURISHED GENERATIONS OF INDIVIDUALS DEDICATED TO MEETING THE MORAL AND CULTURAL CHALLENGES OF THE DAY THROUGH THE RIGOROUS STUDY OF CONTEMPORARY AMERICA AND RECLAIMING OF THE ENDURING PRINCIPLES OF THE AMERICAN CONSTITUTIONAL TRADITION. CONCEIVED IN THAT SPIRIT, TPIFF PROVIDES EXCEPTIONAL YOUNG MEN AND WOMEN WITH PROFESSIONAL LEARNING OPPORTUNITIES AND A CONTINUING EDUCATION IN THE TRADITION OF FREEDOM. THE UNIQUE COMBINATION OF WORK AND STUDY IS DESIGNED TO ADVANCE A FELLOW'S PURSUIT OF CAREERS DEVOTED TO ENRICHING THE CULTURAL LIFE OF THE UNITED STATES.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,710,000
Program Service Revenue $0
Investment Income $0
Other Revenue $5,209
TOTAL REVENUE $2,715,209

Expense Breakdown

Grants Paid $985,297
Salaries & Benefits $888,716
Fundraising Expenses $0
Program Expenses $4,728,538
Other Expenses $2,937,645
TOTAL EXPENSES $4,811,658

Year-over-Year Comparison

2023 2022 Change
Revenue $2,715,209 $6,164,016 -0.6%
Expenses $4,811,658 $3,488,957 +0.4%
Net Income $-2,096,449 $2,675,059 -1.8%
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
4
Independent Members
4
Employees
28
Volunteers
4

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
5
$139,338
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIANA JOHNSON DIRECTOR 3.00
Officer Director
$0 $0 $0
PETER BERKOWITZ DIRECTOR, VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
AARON MACLEAN DIRECTOR, TREASURER 3.00
Officer Director
$0 $0 $0
JAY KRAMER DIRECTOR, SECRETARY 3.00
Officer Director
$0 $0 $0
GARRETT EXNER EXECUTIVE DIRECTOR 40.00
Officer
$120,000 $19,338 $139,338
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 $2,715,209 $4,811,658 $1,401,354 $-2,096,449
2023 $6,164,016 $3,488,957 $3,621,242 $2,675,059
2022 $3,018,360 $2,471,064 $777,680 $547,296
2021 $2,149,386 $2,291,098 $347,923 $-141,712
2020 $1,009,120 $762,431 $359,525 $246,689
2019 $1,294,646 $1,261,107 $113,830 $33,539
2018 $892,951 $895,713 $78,206 $-2,762
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