THE PUBLIC INTEREST FELLOWSHIP FOUNDATION

EIN: 813033585 501(c)(3) Education

ARLINGTON, VA

Total Revenue
$4,153,194
Total Expenses
$4,455,229
Total Assets
$1,055,540
Net Assets
$1,040,033
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DE
Principal Officer
GARRETT EXNER
Phone
7273423460
Tax Period
2024-09-01 to 2025-08-31

THE PUBLIC INTEREST FELLOWSHIP FOUNDATION, founded in 2016, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum.

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.

Program Service Accomplishments

Program 1
Expenses: $1,556,168 Revenue: $5,385

RETREATS - TPIFF HOSTED THREE RETREATS THAT COVERED PRINCIPLES AND PRACTICE RELATED TO CRITICAL POLICY ISSUES.

Program 2
Expenses: $1,524,777 Revenue: $5,276

PUBLICATIONS - THE FELLOWS WORKED FULL-TIME WITH PUBLICATIONS, THINK-TANKS, AND OBJECTIVE NON-PARTISAN POLICY FIRMS OVER THE COURSE OF A YEAR.

Program 3
Expenses: $1,310,201 Revenue: $4,533

SEMINARS - FELLOWS STUDIED POLITICAL PHILOSOPHY, POLICY, AND HISTORY. EACH WEEK OF THE PROGRAM, THEY WERE REQUIRED TO PRODUCE WEEKLY WRITTEN RESPONSES, TO ENGAGE IN CLOSE TEXT STUDY, AND TO DEBATE...

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SEMINARS - FELLOWS STUDIED POLITICAL PHILOSOPHY, POLICY, AND HISTORY. EACH WEEK OF THE PROGRAM, THEY WERE REQUIRED TO PRODUCE WEEKLY WRITTEN RESPONSES, TO ENGAGE IN CLOSE TEXT STUDY, AND TO DEBATE WITH EACH OTHER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,138,000
Program Service Revenue $0
Investment Income $0
Other Revenue $15,194
TOTAL REVENUE $4,153,194

Expense Breakdown

Grants Paid $864,126
Salaries & Benefits $926,252
Fundraising Expenses $0
Program Expenses $4,391,146
Other Expenses $2,664,851
TOTAL EXPENSES $4,455,229

Year-over-Year Comparison

2024 2023 Change
Revenue $4,153,194 $2,715,209 +0.5%
Expenses $4,455,229 $4,811,658 -0.1%
Net Income $-302,035 $-2,096,449 -0.9%
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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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
26
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
4
$199,568
Total Directors
6
$199,568
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
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
ELIANA JOHNSON DIRECTOR 3.00
Director
$0 $0 $0
GARRETT EXNER PRESIDENT/EXECUTIVE DIRECTOR 40.00
Officer Director
$173,500 $26,068 $199,568
HARRY COHEN DIRECTOR 3.00
Director
$0 $0 $0
SARAH BERAHA DIRECTOR OF OPERATIONS 40.00
Highest
$115,000 $27,066 $142,066
SERENA FRECHTERPFEIFFER DEPUTY DIRECTOR (UNTIL 05/25) 40.00
Highest
$134,000 $468 $134,468
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
2025 $4,153,194 $4,455,229 $1,055,540 $-302,035
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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