Postsecondary National Policy Institute

“During the 2024 tax year, the organization contracted with arabella advisors to provide all administrative activities; payments to arabella advisors in exchange for these services totaled $134,000 during 2024.”

“Pnpi does not have "members" by definition of the bylaws; however, the form 990 instructions also define a "member" as any person (including a corporation or other legal entity) who, pursuant to a provision of the organization's governing documents, has the right to participate in the organization's governance--including electing members of the governing body. Accordingly, pnpi has one sole member: new venture fund, a nonprofit organized under the laws of the district of columbia and exempt from federal income taxation as a public charity under section 501(c)(3) of the internal revenue code.”

“At least a majority of the directors are appointed by new venture fund.”

“Upon receipt of the completed form 990 from pnpi's independent tax accountant, the organization's management reviews a draft of the form; adjustments are made as necessary. Pnpi then sends out the form 990 to members of the board of directors for written approval; questions about the form 990 are answered by pnpi's president and/or the independent tax accountant via e-mail or telephone. If requested by a board member, a meeting of the board of directors is called for further discussion.”

“Each covered person of the organization (which includes all directors, officers, and key employees) are required to annually sign a statement that affirms such person: (i) has received a copy of the conflict of interest policy, (ii) has read and understands the conflict of interest policy; (iii) has agreed to comply with the conflict of interest policy; and (iv) has completed the annual conflict of interest disclosure statement. Should a conflict of interest arise, covered persons are required to disclose to the board, committee, or board's designee the existence and nature of his or her financial interest or any disclosable relationship. Disinterested members of the board of directors then investigate alternatives to the proposed transaction (if appropriate), whether pnpi could obtain a more advantageous transaction or arrangement with reasonable efforts, or whether the transaction or arrangement is in the organization's best interest. Proceedings are recorded in the board or committee meeting minutes.”

“The president and chief of staff's salary are determined using compensation comparisons including payscale, a platform using data-informed algorithms to power compensation calculations, and a compensation survey distributed among peers. The president's salary is reviewed and approved by the board of directors on an annual basis, with changes contingent on the president hitting previously established goals during the annual evaluative process. Compensation is also determined by members of the board of directors' experience with executive compensation as members of other boards and/or as senior executives in other organizations.”

“Pnpi's financial statements, governing documents, and conflict of interest policy are made available to the public upon request for the same period of disclosure as set forth in irc section 6104(d).”

“During the 2024 calendar year, pnpi had 8 employees; these employees' form w-2s were issued by new venture fund (ein: 20-5806345), the common paymaster for pnpi.”