Civic Intelligence

Fund for Policy Reform Inc

EIN 26-4351242 • 501(c)4 • New York, NY

Profile

The mission of the fund for policy reform, inc.("fpr, inc.") is to promote social welfare through its support of federal and state legislation that assures greater fairness in political, legal and economic systems and safeguards fundamental rights. It conducts activities to bring about civic betterment and social improvements in communities around the world by advocating the reform of local, state, federal or foreign laws or regulations. It also conducts supporting activities that are charitable or educational to promote social welfare. Fpr inc. Makes grants to organizations carrying out these purposes and otherwise cooperates with other organizations and/or govermental agencies to achieve these goals. Fpr, inc. Is funding initiatives that involve public welfare, drug policy, alleviation of poverty, and electoral reform.

224 West 57th StreetNew York, NY 10019

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.03x

Higher debt load relative to assets than 22% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.05x

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

$250M-$1B nonprofits • Source year 2024

Net Margin

88th percentile

43%

Higher net margin than 88% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

35th percentile

2.3%

Faster asset growth than 35% of similar nonprofits.

$250M-$1B nonprofits • Annualized from 2022 to 2024

Revenue Growth

66th percentile

15%

Faster revenue growth than 66% of similar nonprofits.

$250M-$1B nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$840,987,402

Up $64,710,545 (+8.3%) from 2023

Liabilities

Down

$21,643,154

Down $60,696,589 (-74%) from 2023

Net Assets

Up

$819,344,248

Up $125,407,134 (+18%) from 2023

Operations
Liabilities / Revenue16th percentileNet Margin88th percentile

Revenue

Up

$470,129,351

Up $141,048,370 (+43%) from 2023

Expenses

Down

$265,976,934

Down $140,943,788 (-35%) from 2023

Net Income

Up

$204,152,417

Up $281,992,158 (+362%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0B$500M$0Assets 2020: $751,249,630Liabilities 2020: $18,846,720Net Assets 2020: $732,402,9102020Assets 2021: $881,823,437Liabilities 2021: $61,490,555Net Assets 2021: $820,332,8822021Assets 2022: $803,585,533Liabilities 2022: $75,477,135Net Assets 2022: $728,108,3982022Assets 2023: $776,276,857Liabilities 2023: $82,339,743Net Assets 2023: $693,937,1142023Assets 2024: $840,987,402Liabilities 2024: $21,643,154Net Assets 2024: $819,344,2482024

Highlighted filing

2024

Assets$840,987,402
Liabilities$21,643,154
Net Assets$819,344,248
Open 2024 Filing

Operations Trend

Revenue Growth66th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600M$400M$200M$0-$200MRevenue 2020: $260,295,701Expenses 2020: $238,059,118Net Income 2020: $22,236,5832020Revenue 2021: $377,721,739Expenses 2021: $348,275,369Net Income 2021: $29,446,3702021Revenue 2022: $357,192,867Expenses 2022: $403,103,804Net Income 2022: -$45,910,9372022Revenue 2023: $329,080,981Expenses 2023: $406,920,722Net Income 2023: -$77,839,7412023Revenue 2024: $470,129,351Expenses 2024: $265,976,934Net Income 2024: $204,152,4172024

Highlighted filing

2024

Revenue$470,129,351
Expenses$265,976,934
Net Income$204,152,417
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$840,987,402
Liabilities
$21,643,154
Net assets
$819,344,248
Revenue
$470,129,351
Expenses
$265,976,934
Net income
$204,152,417
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$841$21.6$819$470$266$204
2023Detailed filing. Detailed filing data is available for this year.$776$82.3$694$329$407$77.8
2022Detailed filing. Detailed filing data is available for this year.$804$75.5$728$357$403$45.9
2021Detailed filing. Detailed filing data is available for this year.$882$61.5$820$378$348$29.4
2020Detailed filing. Detailed filing data is available for this year.$751$18.8$732$260$238$22.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$754,339,920
Mission and Program Overview

Mission

The mission of the fund for policy reform, inc.("fpr, inc.") is to promote social welfare through its support of federal and state legislation (see sch o)

To promote social welfare within the meaning of sec. 501 (c) (4), including funding initiatives related to public welfare, drug policy, alleviation of poverty & criminal justice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$596,000,313$536,883,967▼ $59,116,346
Pledges and Grants Receivable$15,000,000$220,500,000▲ $205,500,000
Land, Buildings, and Equipment, Net$5,917,401$55,694,539▲ $49,777,138
Prepaid Expenses and Deferred Charges$14,045,972$16,287,826▲ $2,241,854
Savings and Temporary Cash Investments$26,435,425$5,711,694▼ $20,723,731
Cash and Non-Interest-Bearing Accounts$1,555,538$2,844,415▲ $1,288,877
Accounts Receivable$872,297$1,535,540▲ $663,243
Total Assets$776,276,857$840,987,402▲ $64,710,545
Other Assets Total$116,449,911$1,529,421▼ $114,920,490
Liabilities
Grants Payable$70,821,697$14,428,191▼ $56,393,506
Accounts Payable and Accrued Expenses$10,396,946$6,484,474▼ $3,912,472
Other Liabilities$1,121,100$730,489▼ $390,611
Total Liabilities$82,339,743$21,643,154▼ $60,696,589
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$693,937,114$819,344,248▲ $125,407,134
Total Net Assets Fund Balance$693,937,114$819,344,248▲ $125,407,134
Total Liabilities and Net Assets / Fund Balance$776,276,857$840,987,402▲ $64,710,545

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,817,439-$45,817,439
Other Land Buildings$8,678,790$369,888$9,048,678
Leasehold Improvements$1,180,315$1,597,626$2,777,941
Equipment$17,995$198,810$216,805
Other Securities$10,978,839--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pedro AbramovayVice President, ProgramsFT$609,246$46,959$656,205
Kyong Hwa SeokProgram DirectorFT$218,080$32,194$250,274
Hugo Arley Tobar OteroProgram DirectorFT$222,961$19,281$242,242
Angelica Prieto Maria ZamoraAssociate DirectorFT$184,721$51,473$236,194
Daniel Enrique Gonzales RiveraSenior Program ManagerFT$203,469$9,498$212,967
Catherine LivingstonSecretary (until 1/17/24)--$53,916$53,916
Maija ArbolinoTreasurer-$6,792$2,086$8,878
Binaifer NowrojeeDirector (as of 12/1/24)-$507$87$594
Leonard BenardoDirector (until 12/1/24)-$444$92$536
Debbie FineSecretary (as of 1/17/24)-$301$65$366

Board Members and Trustees

NameTitle
Alexander SorosDirector
Maryann CanfieldDirector
Michael VachonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Deloitte Mcs LtdConsulting ServicesPO BOX 8439, Pasadena, CA 91109, Uk$7,847,603
Lenura Consulting LtdConsulting Services213 STATION ROAD, Birmingham, Uk$4,784,836
Axiom Global INCLegal And Consulting Services110 HIGH HOLBORN 8TH FLOOR, London, Uk$2,276,384
Systemiq LimitedConsulting Services15 CANADA SQUARE, London, Uk$1,082,928
Kpmg LLPAccounting And Consulting Services-$1,049,695
Revenue and Support

Revenue Composition

Contributions and Grants
$415,965,072
Program Service Revenue
$0
Investment Income
$54,164,279
Other Revenue
$0
All Other Contributions
$3,965,072
Change in Net Assets
$204,152,417

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
Other Non Cash Contri Table1$465,072Fair Market Value (FMV)
Total Noncash Contributions1$465,072-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$196,762,002
Other Expenses$61,150,572
Salaries, Compensation, and Employee Benefits$8,064,360
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$162,150,000--$162,150,000
Foreign Grants$34,612,002--$34,612,002
Fees for Services Other$4,265,564$19,478,551-$23,744,115
Other Salaries and Wages$4,652,843--$4,652,843
Other Employee Benefits$653,959$2,398,716-$3,052,675
All Other Expenses$1,003,871$1,432,067-$2,435,938
Interest-$2,224,993-$2,224,993
Fees for Services Legal-$1,526,145-$1,526,145
Travel$1,125,786$383,887-$1,509,673
Office Expenses$16,710$814,464-$831,174
Depreciation Depletion$458,048$275,517-$733,565
Conferences and Meetings$207,058$427,209-$634,267
Occupancy$18,828$547,847-$566,675
Fees for Services Accounting-$393,703-$393,703
Pension Plan Contributions$343,579--$343,579
Insurance$4,040$306,001-$310,041
Advertising$49,964$44,244-$94,208
Other Expenses$778$30,539-$31,317
Payroll Taxes$501$14,762-$15,263
Total Functional Expenses$212,297,256$53,679,678$0$265,976,934
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Open Society Action Fund IncWashington, DCIrc 501(c)(4)To Provide General Operating Support$157,100,000
Courier NewsroomNew York, NYIrc 501(c)(4)To Provide General Operating Support$5,000,000
ParecoBrooklyn, NYGrantee Without Tax-TO PROVIDE PROGRAM SUPPORT FOR THE GRANTEE'S WORK ON THE CURRICULUM ON ANTISEMIT$50,000

International Summary

Offices
3
Employees
57
Spending
$42,270,775

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaGrant Making-00$16,342,916
Europe (including Iceland and Greenland)Grant Making-00$12,107,000
South AmericaGrant Making-00$6,162,086
South AmericaProgram ServicesStengthen Democracy125$3,940,158
North AmericaProgram ServicesStengthen Democracy118$1,881,880
East Asia and the PacificProgram ServicesStengthen Democracy114$1,836,735
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Rou$730,489
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 35% controlled entity
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Leonard barnardo, alexander soros, maija arbolino, debbie fine and binaifer nowrojee have a business relationship.”

Form 990, Part VI, Section A, Line 6

“Fund for policy reform, a related tax-exempt organization, is the sole member of the corporation.”

Form 990, Part VI, Section A, Line 7A

“Fund for policy reform, a related tax-exempt organization, is the sole member of the corporation.”

Form 990, Part VI, Section A, Line 7B

“Pursuant to the by-laws, in addition to appointing the class b directors, the member determines the total number of directors, approves exceptions to the term limits for directorships, fills vacancies on the board, approves removals of directors and approves amendments to the by-laws.”

Form 990, Part VI, Section B, Line 11B

“Fpr, inc's audit committee is in charge of reviewing the audited financial statements and the 990 tax return. The form 990 is prepared by an independent accounting firm in conjunction with in-house staff. The form 990 is also reviewed by legal counsel and then circulated to fpr, inc's board prior to filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Directors, officers and staff must disclose potential conflicts of interest; all of the organization's transactions are screened against all disclosures. Recusal is required when a conflict is discovered.”

Form 990, Part VI, Section B, Line 15B

“Employees of open society institute ("osi"), an unrelated section 501(c)(3) tax-exempt organization, perform services for fpr inc. Fpr inc. Reimbursed open society institute for their services based on the time they spend on fpr inc. Matters. Their compensation is determined by osi, and is based on market comparability data and is documented in osi's records. Fpr inc. Had thirty-eight employees during 2024.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Fund for Policy Reform Inc
EIN
26-4351242
Phone
2125480600
Address
224 WEST 57TH STREET, NEW YORK, NY 10019

Signing Officer

Name
Maija Arbolino
Title
Treasurer
Phone
2125480600
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maija Arbolino
Formed
2009
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
1
Volunteers
8

Preparer

Firm
Kpmg Llp
Address
401 UNION STREET SUITE 2800, SEATTLE, WA 98101
Preparer
Kathryn Okimoto
Phone
2069134000
Supplemental Narrative

Additional Explanations

Form 990, Part V, 2A

“Fpr, inc. Does not file form w-3, open society institute, a related section 501(c)(3) tax-exempt organization, performs services for fpr inc. 37 foreign employees were not reported on form w-3.”

FORM 990, PART XI, LINE 9:

“Returns / refunds of grants from prior years 2,245,916. Impairment of building -76,662,751.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes, as an organization described in section 501(c)(4) of the internal revenue code (irc). The organization recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Contributions received by the organization are not deductible as charitable contributions under irc section 170(c).”

Raw XML AppendixShowing 400 of 987 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL VACHON
IRS990/Form990PartVIISectionAGrp/PersonNm1LEONARD BENARDO
IRS990/Form990PartVIISectionAGrp/PersonNm2MARYANN CANFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEXANDER SOROS
IRS990/Form990PartVIISectionAGrp/PersonNm4BINAIFER NOWROJEE
IRS990/Form990PartVIISectionAGrp/PersonNm5MAIJA ARBOLINO
IRS990/Form990PartVIISectionAGrp/PersonNm6CATHERINE LIVINGSTON
IRS990/Form990PartVIISectionAGrp/PersonNm7DEBBIE FINE
IRS990/Form990PartVIISectionAGrp/PersonNm8HUGO ARLEY TOBAR OTERO
IRS990/Form990PartVIISectionAGrp/PersonNm9KYONG HWA SEOK
IRS990/Form990PartVIISectionAGrp/PersonNm10ANGELICA PRIETO MARIA ZAMORA
IRS990/Form990PartVIISectionAGrp/PersonNm11DANIEL ENRIQUE GONZALES RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm12PEDRO ABRAMOVAY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR (UNTIL 12/1/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY (AS OF 1/17/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt8PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SENIOR PROGRAM MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT, PROGRAMS
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IRS990/MissionDesc0THE MISSION OF THE FUND FOR POLICY REFORM, INC.("FPR, INC.") IS TO PROMOTE SOCIAL WELFARE THROUGH ITS SUPPORT OF FEDERAL AND STATE LEGISLATION THAT ASSURES GREATER FAIRNESS IN POLITICAL, LEGAL AND ECONOMIC SYSTEMS AND SAFEGUARDS FUNDAMENTAL RIGHTS. IT CONDUCTS ACTIVITIES TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENTS IN COMMUNITIES AROUND THE WORLD BY ADVOCATING THE REFORM OF LOCAL, STATE, FEDERAL OR FOREIGN LAWS OR REGULATIONS. IT ALSO CONDUCTS SUPPORTING ACTIVITIES THAT ARE CHARITABLE OR EDUCATIONAL TO PROMOTE SOCIAL WELFARE. FPR INC. MAKES GRANTS TO ORGANIZATIONS CARRYING OUT THESE PURPOSES AND OTHERWISE COOPERATES WITH OTHER ORGANIZATIONS AND/OR GOVERNMENTAL AGENCIES TO ACHIEVE THESE GOALS. FPR, INC. IS FUNDING INITIATIVES THAT INVOLVE PUBLIC WELFARE, DRUG POLICY, ALLEVIATION OF POVERTY, AND ELECTORAL REFORM.
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IRS990/ProgSrvcAccomActy2Grp/Desc0OPPORTUNITY PROGRAMS - NETWORK OPPORTUNITIES ARE FOR ADVANCING DEMOCRACY, JUSTICE AND HUMAN RIGHTS THROUGHOUT THE WORLD BY INVESTING IN THE HEALTH, AGENCY, AND POWER OF KEY ORGANIZATIONS AND THE WIDER ECOSYSTEMS OF WHICH THEY ARE A PART OF.
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IRS990/ProgSrvcAccomActy3Grp/Desc0REGIONAL PROGRAMS - REGIONAL PROGRAMS ENGAGE IN MULTIPLE ISSUES, SUCH AS DEMOCRATIC PRACTICE, HUMAN RIGHTS, ECONOMIC JUSTICE, ETC. ACROSS A DEFINED GEOGRAPHIC AREA.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS - GRANTS WERE PROVIDED TO SUPPORT THE GRANTEES' OPERATIONS AND ACTIVITIES WHICH ADVOCATE FOR THE REFORM OF LAWS AND REGULATIONS THAT AFFECT THE PUBLIC WELFARE.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY - ROU
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