Nonprofit · EIN 88-1041205
FOUNDATION FOR DRUG POLICY SOLUTIONS INC
Tax-exempt · ALEXANDRIA, VA 22314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $172,416 | $303,973 | -$131,557 | $289,580 | $186,853 | $102,727 |
| December 31, 2023 | 990 | $184,306 | $255,889 | -$71,583 | $328,781 | $91,342 | $237,439 |
| December 31, 2022 | 990 (amended) | $426,767 | $117,453 | $309,314 | $354,871 | $45,557 | $309,314 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $144,125
- Program service revenue
- $20,996
- Investment income
- $7,295
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,178
- Depreciation
- $6,167
- Program services (functional)
- $240,862
- Management and general (functional)
- $35,911
- Fundraising (functional)
- $27,200
Balance sheet and other
- Total assets, start of year
- $328,781
- Total assets, end of year
- $289,580
- Total liabilities, end of year
- $186,853
- Net assets, end of year
- $102,727
- Publicly traded securities
- $176,319
- Net assets without donor restrictions
- $102,727
- Gross receipts
- $172,416
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2022
- State of legal domicile
- VA
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 |
|---|---|---|---|
| LUKE D NIFORATOS | EXECUTIVE VICE PRESIDENT Trustee or director | 10 | $117,987 |
| KEVIN A SABET-SHARGI | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JUSTIN LUKE RILEY | CHAIR Trustee or director | 1 | $0 |
| TOM MUTRYN | DIRECTOR Trustee or director | 1 | $0 |
| MARC BERN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUKE D NIFORATOS | EXECUTIVE VICE PRESIDENT Trustee or director | 1 | $60,000 |
| KEVIN A SABET-SHARGI | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JUSTIN LUKE RILEY | CHAIR Trustee or director | 1 | $0 |
| TOM MUTRYN | DIRECTOR Trustee or director | 1 | $0 |
| MARC BERN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN A SABET-SHARGI | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LUKE D NIFORATOS | TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 |
| JUSTIN LUKE RILEY | CHAIR Trustee or director | 1 | $0 |
| TOM MUTRYN | DIRECTOR Trustee or director | 1 | $0 |
| MARC BERN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 107 S WEST STREET 757, ALEXANDRIA, VA 22314-2824
- Principal officer (990 for 2024)
- KEVIN A SABET-SHARGHI, 107 S WEST STREET 757, ALEXANDRIA, VA 22314
- Signed the 990
- LUKE D NIFORATOS, EXECUTIVE VICE PRESIDENT
- Phone
- (571) 989-3611
- Website
- HTTPS://GOODDRUGPOLICY.ORG/
- Return prepared by
- SIKICH LLC
Mission
TO SCALE UP DRUG POLICY SOLUTIONS BY EDUCATING DECISION-MAKERS AND THE PUBLIC ABOUT WAYS TO HARNESS SCIENCE TO PREVENT DRUG USE, TREAT ADDICTION, AND FORGE PATHWAYS TO RECOVERY.
Program accomplishments
- EDUCATION OF INDIVIDUALS AND COMMUNITIES ON THE PREVENTION AND TREATMENT OF LEGAL AND ILLEGAL DRUG USE.Expenses $240,862 · revenue $20,996
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
- 88-1041205
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W01)
- Assets (IRS master file)
- $289,580
- Income (IRS master file)
- $172,416
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $172,416 | $303,973 | $289,580 | IRS |
| 990 | December 2023 | $184,306 | $255,889 | $328,781 | XML |
| 990 | December 2022 | $426,767 | $117,453 | $354,871 | XML |
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 88-1041205).
Questions about FOUNDATION FOR DRUG POLICY SOLUTIONS INC
- What is the EIN of FOUNDATION FOR DRUG POLICY SOLUTIONS INC?
- The employer identification number (EIN) of FOUNDATION FOR DRUG POLICY SOLUTIONS INC is 88-1041205.
- Is FOUNDATION FOR DRUG POLICY SOLUTIONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FOUNDATION FOR DRUG POLICY SOLUTIONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR DRUG POLICY SOLUTIONS INC 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 FOUNDATION FOR DRUG POLICY SOLUTIONS INC 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 FOUNDATION FOR DRUG POLICY SOLUTIONS INC 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 FOUNDATION FOR DRUG POLICY SOLUTIONS INC?
- The 990 for the year ended December 31, 2024 names KEVIN A SABET-SHARGHI.
- Who are the officers and directors of FOUNDATION FOR DRUG POLICY SOLUTIONS INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $117,987 (LUKE D NIFORATOS, EXECUTIVE VICE PRESIDENT).
- How much revenue does FOUNDATION FOR DRUG POLICY SOLUTIONS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $172,416, expenses of $303,973 and total assets of $289,580 at year end.
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