Civic Intelligence

Kansas Policy Institute

990 • Fiscal year 2016 • EIN 23-7047821

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

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

71st percentile

0.32x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.12x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

26th percentile

-6.9%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$181,352

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 20.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-7.3%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$327,687

Up $43,121 (+15%) from 2015

Net Assets

Down

$222,070

Down $60,354 (-21%) from 2015

Liabilities

Up

$105,617

Up $103,475 (+4831%) from 2015

Revenue

Down

$868,559

Down $68,003 (-7.3%) from 2015

Expenses

Up

$928,913

Up $31,030 (+3.5%) from 2015

Net Income

Down

-$60,354

Down $99,033 (-256%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$327,687
Liabilities$105,617
Net Assets$222,070

Operations Trend

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

2016

Revenue$868,559
Expenses$928,913
Net Income-$60,354
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,021,272
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$142,808$284,404▲ $141,596
Savings and Temporary Cash Investments$137,850$35,350▼ $102,500
Land, Buildings, and Equipment, Net$2,752$4,282▲ $1,530
Accounts Receivable$56$2,551▲ $2,495
Prepaid Expenses and Deferred Charges$1,100$1,100→ $0
Total Assets$284,566$327,687▲ $43,121
Liabilities
Other Liabilities-$104,986-
Accounts Payable and Accrued Expenses$2,142$631▼ $1,511
Total Liabilities$2,142$105,617▲ $103,475
Net Assets / Fund Balance
Unrestricted Net Assets$257,424$222,070▼ $35,354
Temporarily Rstr Net Assets$25,000--
Total Net Assets Fund Balance$282,424$222,070▼ $60,354
Total Liabilities and Net Assets / Fund Balance$284,566$327,687▲ $43,121

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,282$46,816$223
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David Trabert--$151,352$51,935$203,287
David TrabertPresidentFT$181,352-$181,352
James FrankoVice PresidentFT$74,487-$74,487

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$925,196
Program Service Revenue
$0
Investment Income
$1,961
Other Revenue
$-58,598
All Other Contributions
$858,946
Change in Net Assets
$-60,354

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 Traded7$66,353Selling Price
Total Noncash Contributions7$66,353-

Audited Revenue Reconciliation

Revenue per Audited Statements
$801,159
Revenue Not Reported on Financial Statements
$67,400
Revenue Not Reported on Form 990
$105,014
Other Revenue Adjustments
$67,400
Total Revenue per Audited Statements
$906,173
Total Revenue per Form 990
$868,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$657,727
Other Expenses$271,186
Total Fundraising Expense$270,672
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,441$21,852$140,128$272,421
Current Officers, Directors, Trustees, and Key Employees$237,704$9,067$9,068$255,839
Other Employee Benefits$45,563$2,079$30,824$78,466
Office Expenses$15,348$15,927$40,979$72,254
Fees for Services Other$41,539$483$0$42,022
Payroll Taxes$23,413$2,223$11,439$37,075
Information Technology$25,069$3,483$2,110$30,662
Travel$18,154$823$11,553$30,530
Occupancy$0$21,704$0$21,704
Pension Plan Contributions$10,107$874$2,945$13,926
All Other Expenses$430$2,261$8,375$11,066
Fees for Services Legal$5,186$2,775$0$7,961
Insurance$0$6,115$0$6,115
Other Expenses$4,005$0$0$4,005
Depreciation Depletion$0$2,889$0$2,889
Advertising$2,044$0$151$2,195
Total Functional Expenses$564,475$93,766$270,672$928,913

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,019,076
Total Expenses per Form 990$928,913
Expenses per Audited Statements$894,716
Expenses Not Reported on Form 990$124,360
Expenses Not Reported on Financial Statements$34,197
Other Expense Adjustments$34,197
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$85,821
Fundraising Gross Income$21,655
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wichita Annual Dinner$68,530$16,380$31,283$-14,903
Kc Annual Dinner$19,375$5,275$9,354$-4,079
Total Events$87,905$21,655$85,821$-64,166
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$104,986
Amounts held for others-
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
2017-11-15

Organization Details

Formed
1969
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
9
Employees
8
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 11066. 430. 2261. 8375.

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 2016, 2015, and 2014.

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IRS990/PensionPlanContributionsGrp/FundraisingAmt02945
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0874
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0David Trabert
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ECONOMIC FREEDOM PROGRAM REPRESENTS EFFORTS ON TAX POLICY. WE PUBLISH ORIGINAL RESEARCH AND OTHER WRITTEN MATERIAL, AS WELL AS SPEAKING TO CIVIC AND OTHER GROUPS. OUR TAX POLICY WORK EXAMINES THE IMPACT OF TAX BURDENS ON PRIVATE SECTOR JOB CREATION AND OTHER ECONOMIC FACTORS; WE ALSO STUDY GOVERNMENT SPENDING IN SEARCH OF OPERATING EFFICIENCY OPPORTUNITIES AT THE STATE AND COUNTY LEVELS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0231934
IRS990/ProgSrvcAccomActy3Grp/Desc0THE STUDENT-FOCUSED EDUCATION PROGRAM STRIVES TO PROVIDE INSIGHTS ON SPENDING CHOICES FOR EDUCATION. EXTENSIVE RESEARCH IS CONDUCTED IN VARIOUS EDUCATION AREAS. WE EXAMINE THE RELATIONSHIP BETWEEN K-12 SPENDING AND STUDENT ACHIEVEMENT, EXPLORE ALTERNATIVE LEARNING OPPORTUNITIES SUCH AS DIGITAL LEARNING, CHARTER SCHOOLS AND OTHER SCHOOL CHOICE OPTIONS, AND PROVIDE IN-DEPTH ANALYSIS OF SCHOOL FUNDING AND EMPLOYMENT CHANGES.
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