PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY

EIN: 942528433 501(c)(3) Philanthropy & Grantmaking

PASADENA, CA

Total Revenue
$12,035,182
Total Expenses
$5,388,258
Total Assets
$30,144,966
Net Assets
$29,844,611
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CA
Principal Officer
SARA C PIPES
Phone
4159890833
Tax Period
2023-01-01 to 2023-12-31

PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY, founded in 1978, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.0M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 55% operating margin.

Mission

CHAMPIONS FREEDOM, OPPORTUNITY AND RESPONSIBILITY BY ADVANCING FREE-MARKET POLICY SOLUTIONS.

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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 $10,899,439
Program Service Revenue $0
Investment Income $886,256
Other Revenue $249,487
TOTAL REVENUE $12,035,182

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,756,857
Fundraising Expenses $1,286,213
Program Expenses $3,369,056
Other Expenses $3,631,401
TOTAL EXPENSES $5,388,258

Year-over-Year Comparison

2023 2022 Change
Revenue $12,035,182 $7,129,654 +0.7%
Expenses $5,388,258 $5,087,591 +0.1%
Net Income $6,646,924 $2,042,063 +2.3%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
13
Employees
8
Volunteers
N/A

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
$823,437
Total Directors
14
$487,934
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER C FARRELL PHD BOARD MEMBER 1.00
Director
$0 $0 $0
CLARK S JUDGE CHAIRMAN 1.00
Officer Director
$0 $0 $0
DANIEL M KOLKEY BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL OLIVER CHAIRMAN EMERITUS 1.00
Director
$0 $0 $0
RICHARD A WALLACE BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
RUSSELL A JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
SEAN M MCAVOY BOARD SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
SALLY C PIPES PRESIDENT & CEO 40.00
Officer Director
$473,000 $14,934 $487,934
STEVEN DENNIS BOARD MEMBER 1.00
Director
$0 $0 $0
LAWRENCE J SISKIND BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD SAMUELSON BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL TOSETTI BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINE ZANELLO BOARD MEMBER 1.00
Director
$0 $0 $0
ROWENA ITCHON CHIEF OPERATING OFFICER 40.00
Officer
$321,950 $13,553 $335,503
LANCE T IZUMI SENIOR DIRECTOR, CENTER FO 40.00
Highest
$173,250 $0 $173,250
TIMOTHY R ANAYA VICE PRESIDENT, MARKETING 40.00
Highest
$163,500 $7,495 $170,995
BENJAMIN SMITHWICK VICE PRESIDENT, DEVELOPMEN 40.00
Highest
$219,000 $5,971 $224,971
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 $12,035,182 $5,388,258 $30,144,966 $6,646,924
2022 $7,129,654 $5,087,591 $22,695,074 $2,042,063
2021 $7,799,578 $4,735,601 $22,104,229 $3,063,977
2020 $5,623,603 $4,448,062 $18,639,202 $1,175,541
2019 $6,107,734 $4,457,300 $17,147,946 $1,650,434
2018 $5,240,992 $3,657,441 $14,892,506 $1,583,551
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