Nonprofit · EIN 54-1700997
POTOMAC INSTITUTE FOR POLICY STUDIES
Tax-exempt · ARLINGTON, VA 22203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,212,447 | $8,196,293 | -$983,846 | $16,226,915 | $13,731,842 | $2,495,073 |
| December 31, 2023 | 990 (amended) | $11,896,578 | $13,157,107 | -$1,260,529 | $19,724,075 | $16,245,156 | $3,478,919 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,551,844
- Investment income
- $41,728
- Net rental income
- $616,944
- Other revenue
- $618,875
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $774,050
- Other salaries and wages
- $2,818,704
- Salaries, compensation and benefits (total)
- $5,324,970
- Professional fundraising fees
- $0
- Legal fees
- $9,650
- Accounting fees
- $23,000
- Occupancy
- $1,978,489
- Travel
- $35,250
- Depreciation
- $3,147
- Program services (functional)
- $8,092,018
- Management and general (functional)
- $104,275
Balance sheet and other
- Total assets, start of year
- $19,724,075
- Total assets, end of year
- $16,226,915
- Total liabilities, end of year
- $13,731,842
- Net assets, end of year
- $2,495,073
- Net assets without donor restrictions
- $2,495,073
- Gross receipts
- $7,212,447
- Employees
- 39
- Year formed
- 1994
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER M BUSS PHD | CEO Trustee or director, Officer | 40 | $395,749 | $40,326 |
| SUZANN RIESTER | VP OF CONTRA Officer | 40 | $355,078 | $7,516 |
| CURTIS PEARSON | EMPLOYEE Highest-paid employee | 40 | $255,780 | $44,150 |
| ROBERT HUMMEL | EMPLOYEE Highest-paid employee | 40 | $218,905 | $47,579 |
| GAIL G CLIFFORD CPA | VP FOR FINAN Former | 40 | $261,818 | $3,446 |
| MICHAEL HOGLUND | EMPLOYEE Highest-paid employee | 40 | $169,168 | $38,290 |
| KIMBERLY SLOAN | EMPLOYEE Highest-paid employee | 40 | $184,028 | $18,814 |
| TIMOTHY WELTER | EMPLOYEE Highest-paid employee | 40 | $172,969 | $0 |
| LYLE A COX JR PHD | DIRECTOR Trustee or director | 4 | $48,000 | $0 |
| JOHN Y YOUNG JR | DIRECTOR Trustee or director | 4 | $30,000 | $0 |
| THEODORE GLUM | DIRECTOR Trustee or director | 4 | $29,625 | $0 |
| GARY L SOJKA | SECRETARY/TR Trustee or director, Officer | 10 | $0 | $0 |
| HOWARD K SCHUE | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER M BUSS PHD | CEO, ACTING Trustee or director, Officer | 40 | $365,145 | $53,398 |
| GAIL G CLIFFORD CPA | VP FOR FINAN Former | 40 | $305,758 | $48,570 |
| CURTIS PEARSON | EMPLOYEE Highest-paid employee | 40 | $269,614 | $50,407 |
| ROBERT HUMMEL | EMPLOYEE Highest-paid employee | 40 | $219,262 | $55,187 |
| CARMEN FARRO | EMPLOYEE Highest-paid employee | 40 | $190,838 | $47,734 |
| GORDON O'NEILL | EMPLOYEE Highest-paid employee | 40 | $190,796 | $29,148 |
| MIRIAM JACKSON | EMPLOYEE Highest-paid employee | 40 | $180,867 | $33,416 |
| LYLE A COX JR PHD | DIRECTOR Trustee or director | 4 | $84,000 | $0 |
| THEODORE GLUM | DIRECTOR Trustee or director | 4 | $39,125 | $0 |
| JOHN Y YOUNG JR | DIRECTOR Trustee or director | 4 | $39,000 | $0 |
| GARY L SOJKA | SECRETARY/TR Trustee or director, Officer | 10 | $0 | $0 |
| HOWARD K SCHUE | DIRECTOR Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 901 N STUART ST STE 1200, ARLINGTON, VA 22203-4129
- In care of
- % CHIEF FINANCIAL OFFICER
- Principal officer (990 for 2024)
- JENNIFER M BUSS PHD, 901 NORTH STUART STREET 1200, ARLINGTON, VA 22203
- Signed the 990
- JENNIFER M BUSS PHD, CEO
- Phone
- (703) 525-0770
- Website
- WWW.POTOMACINSTITUTE.ORG
- Return prepared by
- MITCHELL BURNS & CO PC
Mission
PIPS IS AN INDEPENDENT, NONPARTISAN, NON-PROFIT, SCIENCE AND TECHNOLOGY (S&T) POLICY RESEARCH INSTITUTE. THE INSTITUTE IDENTIFIES AND LEADS DISCUSSIONS ON KEY S&T AND NATIONAL SECURITY ISSUES FACING OUR SOCIETY, PROVIDING AN ACADEMIC FORUM FOR THE STUDY OF RELATED POLICY ISSUES. BASED ON DATA AND EVIDENCE, WE DEVELOP MEANINGFUL POLICY RECOMMENDATIONS AND ENSURE THEIR IMPLEMENTATION AT THE INTERSECTION OF BUSINESS AND GOVERNMENT.
Program accomplishments
- THE INSTITUTE ASSISTED THE FEDERAL GOVERNMENT AND PRIVATE INDUSTRY IN DEVELOPING SCIENTIFIC & TECHNOLOGY POLICIES, INCLUDING STRATEGIC PLANNING, TECHNICAL EVALUATION, AND TECHNICAL SUPPORT.Expenses $8,092,018 · revenue $6,551,844
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1700997
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $16,226,915
- Income (IRS master file)
- $7,212,447
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,212,447 | $8,196,293 | $16,226,915 | IRS |
| 990 | December 2023 | $11,896,578 | $13,157,107 | $19,724,075 | IRS |
| 990 | December 2022 | $13,330,733 | $13,214,756 | $22,233,192 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1700997).
Questions about POTOMAC INSTITUTE FOR POLICY STUDIES
- What is the EIN of POTOMAC INSTITUTE FOR POLICY STUDIES?
- The employer identification number (EIN) of POTOMAC INSTITUTE FOR POLICY STUDIES is 54-1700997.
- Is POTOMAC INSTITUTE FOR POLICY STUDIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to POTOMAC INSTITUTE FOR POLICY STUDIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POTOMAC INSTITUTE FOR POLICY STUDIES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of POTOMAC INSTITUTE FOR POLICY STUDIES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POTOMAC INSTITUTE FOR POLICY STUDIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of POTOMAC INSTITUTE FOR POLICY STUDIES?
- The 990 for the year ended December 31, 2024 names JENNIFER M BUSS PHD.
- Who are the officers and directors of POTOMAC INSTITUTE FOR POLICY STUDIES?
- The 990 for the year ended December 31, 2024 lists 13 people; 11 received compensation from the organization, the highest $395,749 (JENNIFER M BUSS PHD, CEO).
- How much revenue does POTOMAC INSTITUTE FOR POLICY STUDIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,212,447, expenses of $8,196,293 and total assets of $16,226,915 at year end.
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