Civic Intelligence

Kansas Policy Institute

990 • Fiscal year 2015 • EIN 23-7047821

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization Profilewww.kansaspolicy.org

View Organization Page

250 N WaterWichita, KS 67202

(316) 267-3241

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

54th percentile

4.1%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

85th percentile

$161,234

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$284,566

Up $29,536 (+12%) from 2014

Net Assets

Up

$282,424

Up $38,679 (+16%) from 2014

Liabilities

Down

$2,142

Down $9,143 (-81%) from 2014

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin54th percentile

Revenue

Up

$936,562

Up $103,475 (+12%) from 2014

Expenses

Up

$897,883

Up $8,747 (+1.0%) from 2014

Net Income

Up

$38,679

Up $94,728 (+169%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $142,705Liabilities 2012: $990Net Assets 2012: $141,7152012Assets 2013: $299,896Liabilities 2013: $102Net Assets 2013: $299,7942013Assets 2014: $255,030Liabilities 2014: $11,285Net Assets 2014: $243,7452014Assets 2015: $284,566Liabilities 2015: $2,142Net Assets 2015: $282,4242015Assets 2016: $327,687Liabilities 2016: $105,617Net Assets 2016: $222,0702016Assets 2017: $481,886Liabilities 2017: $60,503Net Assets 2017: $421,3832017Assets 2018: $801,046Liabilities 2018: $2,123Net Assets 2018: $798,9232018Assets 2019: $1,062,660Liabilities 2019: $13,525Net Assets 2019: $1,049,1352019Assets 2020: $1,208,202Liabilities 2020: $11,173Net Assets 2020: $1,197,0292020Assets 2021: $1,303,303Liabilities 2021: $1,360Net Assets 2021: $1,301,9432021Assets 2022: $3,028,655Liabilities 2022: $7,981Net Assets 2022: $3,020,6742022Assets 2023: $2,702,938Liabilities 2023: $10,139Net Assets 2023: $2,692,7992023Assets 2024: $2,469,491Liabilities 2024: $4,074Net Assets 2024: $2,465,4172024

Highlighted filing

2015

Assets$284,566
Liabilities$2,142
Net Assets$282,424
Open 2015 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $625,5572012Revenue 2013: $763,402Expenses 2013: $605,323Net Income 2013: $158,0792013Revenue 2014: $833,087Expenses 2014: $889,136Net Income 2014: -$56,0492014Revenue 2015: $936,562Expenses 2015: $897,883Net Income 2015: $38,6792015Revenue 2016: $868,559Expenses 2016: $928,913Net Income 2016: -$60,3542016Revenue 2017: $962,348Expenses 2017: $763,035Net Income 2017: $199,3132017Revenue 2018: $1,177,113Expenses 2018: $799,573Net Income 2018: $377,5402018Revenue 2019: $1,463,697Expenses 2019: $1,213,485Net Income 2019: $250,2122019Revenue 2020: $1,409,205Expenses 2020: $1,261,311Net Income 2020: $147,8942020Revenue 2021: $1,472,050Expenses 2021: $1,367,135Net Income 2021: $104,9152021Revenue 2022: $3,219,508Expenses 2022: $1,500,777Net Income 2022: $1,718,7312022Revenue 2023: $1,704,608Expenses 2023: $2,032,483Net Income 2023: -$327,8752023Revenue 2024: $2,263,731Expenses 2024: $2,491,113Net Income 2024: -$227,3822024

Highlighted filing

2015

Revenue$936,562
Expenses$897,883
Net Income$38,679
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$1,018,154
Mission and Program Overview

Mission

To protect constitutional rights to freedom, create

An independent think-tank that advances free market solutions and the protection of personal freedom for all Kansans. Our educational work centers on state and local economic policy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$134,088$142,808▲ $8,720
Savings and Temporary Cash Investments$114,761$137,850▲ $23,089
Land, Buildings, and Equipment, Net$5,025$2,752▼ $2,273
Prepaid Expenses and Deferred Charges$1,100$1,100→ $0
Accounts Receivable$56$56→ $0
Total Assets$255,030$284,566▲ $29,536
Liabilities
Other Liabilities$11,143--
Accounts Payable and Accrued Expenses$142$2,142▲ $2,000
Total Liabilities$11,285$2,142▼ $9,143
Net Assets / Fund Balance
Unrestricted Net Assets$243,745$257,424▲ $13,679
Temporarily Rstr Net Assets-$25,000-
Total Net Assets Fund Balance$243,745$282,424▲ $38,679
Total Liabilities and Net Assets / Fund Balance$255,030$284,566▲ $29,536

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,752$44,057$223
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David Trabert--$153,234$23,121$176,355
David TrabertPresidentFT$161,234-$161,234
James FrankoVice PresidentFT$76,484-$76,484

Board Members and Trustees

NameTitle
George PearsonChairman of Board of Trustees
David GibsonVice Chairman of Board of Trustees
Chuck MackeyTrustee
Lee HarrisTrustee
Nestor Weigand JrTrustee
PRISCILLA O'SHAUGHNESSYTrustee
Phyllis NolanTrustee
Raul BritoTrustee
Robert SmithTrustee
Robert YoungSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$964,672
Program Service Revenue
$0
Investment Income
$3,089
Other Revenue
$-31,199
All Other Contributions
$912,227
Change in Net Assets
$38,679

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$27,918Selling Price
Total Noncash Contributions2$27,918-

Audited Revenue Reconciliation

Revenue per Audited Statements
$875,393
Revenue Not Reported on Financial Statements
$61,169
Revenue Not Reported on Form 990
$135,474
Other Revenue Adjustments
$61,169
Total Revenue per Audited Statements
$1,010,867
Total Revenue per Form 990
$936,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$544,461
Other Expenses$353,422
Total Fundraising Expense$159,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$218,582$9,568$9,568$237,718
Other Salaries and Wages$109,451$24,785$76,541$210,777
Office Expenses$19,808$21,685$37,507$79,000
Advertising$66,317$206$486$67,009
Other Employee Benefits$27,285$12,238$7,620$47,143
Payroll Taxes$25,954$4,180$6,603$36,737
Travel$28,829$3,422$2,715$34,966
Information Technology$26,256$5,612$1,923$33,791
Occupancy$0$13,579$0$13,579
Pension Plan Contributions$8,947$2,832$307$12,086
All Other Expenses$2,521$3,915$5,512$11,948
Insurance$0$4,426$0$4,426
Depreciation Depletion$0$4,424$0$4,424
Other Expenses$3,568$0$0$3,568
Fees for Services Legal$180$2,088$0$2,268
Fees for Services Other$50$1,450$0$1,500
Total Functional Expenses$621,505$116,908$159,470$897,883

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$965,998
Total Expenses per Form 990$897,883
Expenses per Audited Statements$861,214
Expenses Not Reported on Form 990$104,784
Expenses Not Reported on Financial Statements$36,669
Other Expense Adjustments$36,669
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$53,674
Fundraising Gross Income$22,475
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wichita Annual Dinner$53,645$15,125$11,317$3,808
Kc Annual Dinner$21,275$7,350$8,700$-1,350
Total Events$74,920$22,475$53,674$-31,199
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
401(k) plan employee contributions payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Kansas Policy Institute
EIN
23-7047821
Phone
3162673241
Address
250 N Water, Wichita, KS 67202

Signing Officer

Name
Robert D Young
Title
Secretary-treasurer
Phone
3162673241
Signed
2016-11-15

Organization Details

Formed
1969
Legal Domicile
Ks
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
0
Supplemental Narrative

Additional Explanations

Pt VI, Line 1A

“Martin K. Eby, Jr. is a Member Emeritus on the Board of”

Pt VI, Line 1A

“Trustees. This designation does not have voting rights”

Pt VI, Line 1A

“on the board and, therefore, he is not included in the”

Pt VI, Line 1A

“number of voting members or list of trustees.”

Pt VI, Line 11B

“The President and each board member was provided with a”

Pt VI, Line 11B

“draft copy of this Form 990 prior to filing and was”

Pt VI, Line 11B

“afforded an opportunity to comment on its contents”

Pt VI, Line 11B

“before filing.”

Pt VI, Line 12C

“Compliance is reviewed annually at a meeting of the”

Pt VI, Line 12C

“Board of Trustees.”

Pt VI, Line 15A

“The Board of Trustees reviews the President's compensation”

Pt VI, Line 15A

“using the State Policy Network's most current compensation”

Pt VI, Line 15A

“survey as a guide.”

Pt VI, Line 15B

“The President reviews other employees' compensation using”

Pt VI, Line 15B

“similar criteria as the Board.”

Pt VI, Line 19

“The Institute's governing documents, conflict of interest”

Pt VI, Line 19

“policy and financial statements will be provided to the”

Pt VI, Line 19

“public upon a written request addressed to the Institute.”

Form 990EZ, Part I, Line 16

“Travel”

Form 990EZ, Part I, Line 16

“Miscellaneous expenses”

Form 990EZ, Part I, Line 16

“Advertising and promotion”

Form 990EZ, Part I, Line 16

“Books and dues”

Form 990EZ, Part I, Line 16

“Equipment repairs and maintenance”

Form 990EZ, Part I, Line 16

“Payroll taxes”

Form 990EZ, Part I, Line 16

“Software and website services”

Form 990EZ, Part I, Line 16

“Supplies”

Form 990EZ, Part I, Line 16

“Telephone and other communication”

Form 990EZ, Part I, Line 16

“Paypal fees expense”

Form 990EZ, Part I, Line 16

“Training fees expense”

Form 990EZ, Part I, Line 16

“Kansasvotes.org”

Form 990EZ, Part I, Line 16

“Property tax project”

Form 990EZ, Part I, Line 16

“Meeting expense”

Form 990EZ, Part II, Line 24

“Office equipment”

Form 990EZ, Part II, Line 24

“Less accumulated depreciation”

Form 990EZ, Part II, Line 26

“State income tax withheld”

Form 990, Part IX, Line 24E

“Miscellaneous 11948. 2521. 3915. 5512.”

Financial Statement Notes

Pt X, Line 2

“FIN 48(ASC 740) Footnote: Kansas Policy Institute is a”

Pt X, Line 2

“not-for-profit organization under Internal Revenue Code”

Pt X, Line 2

“Section 501(c)(3) and is exempt from income taxes.”

Pt X, Line 2

“The Institute adopted Accounting Standards Codification”

Pt X, Line 2

“(ASC) 740, Income Taxes, which outlines accounting”

Pt X, Line 2

“requirements related to uncertain tax positions. The”

Pt X, Line 2

“adoption of the new accounting method had no effect”

Pt X, Line 2

“on the Institute's financial statements.”

Pt X, Line 2

“The Institute recognizes the financial statement”

Pt X, Line 2

“effects of a tax position only when it believes it”

Pt X, Line 2

“can more likely than not sustain the position upon an”

Pt X, Line 2

“examination by the relevant tax authority. The tax”

Pt X, Line 2

“years that remain open in the Institute's major tax”

Pt X, Line 2

“jurisdictions (Federal and the State of Kansas)”

Pt X, Line 2

“are 2015, 2014, and 2013.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$284,566
Liabilities
$2,142
Net assets
$282,424
Revenue
$936,562
Expenses
$897,883
Net income
$38,679
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.00$2.47$2.26$2.49$0.23
2023Detailed filing. Detailed filing data is available for this year.$2.70$0.01$2.69$1.70$2.03$0.33
2022Detailed filing. Detailed filing data is available for this year.$3.03$0.01$3.02$3.22$1.50$1.72
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.47$1.37$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.21$0.01$1.20$1.41$1.26$0.15
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.01$1.05$1.46$1.21$0.25
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$1.18$0.80$0.38
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.06$0.42$0.96$0.76$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.11$0.22$0.87$0.93$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.94$0.90$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.24$0.83$0.89$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.76$0.61$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.63