Civic Intelligence

The Panetta Institute for Public Policy

990 • Fiscal year 2016 • EIN 77-0495799

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

100 Campus Center Bldg 86ESeaside, CA 93955

(831) 582-4200

Siviq Scores

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

Liabilities / Assets

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

85th percentile

29%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

47th percentile

$113,945

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

22%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,166,253

Up $967,928 (+23%) from 2015

Net Assets

Up

$5,030,242

Up $985,997 (+24%) from 2015

Liabilities

Down

$136,011

Down $18,069 (-12%) from 2015

Revenue

Up

$2,853,497

Up $519,082 (+22%) from 2015

Expenses

Up

$2,029,982

Up $150,765 (+8.0%) from 2015

Net Income

Up

$823,515

Up $368,317 (+81%) from 2015

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $1,476,878Liabilities 2010: $104,854Net Assets 2010: $1,372,0242010Assets 2011: $1,713,518Liabilities 2011: $79,315Net Assets 2011: $1,634,2032011Assets 2012: $2,119,956Liabilities 2012: $66,773Net Assets 2012: $2,053,1832012Assets 2013: $2,864,374Liabilities 2013: $127,888Net Assets 2013: $2,736,4862013Assets 2014: $3,713,997Liabilities 2014: $111,633Net Assets 2014: $3,602,3642014Assets 2015: $4,198,325Liabilities 2015: $154,080Net Assets 2015: $4,044,2452015Assets 2016: $5,166,253Liabilities 2016: $136,011Net Assets 2016: $5,030,2422016Assets 2017: $6,543,328Liabilities 2017: $164,102Net Assets 2017: $6,379,2262017Assets 2018: $7,148,394Liabilities 2018: $76,218Net Assets 2018: $7,072,1762018Assets 2019: $9,497,775Liabilities 2019: $58,599Net Assets 2019: $9,439,1762019Assets 2020: $11,636,831Liabilities 2020: $172,923Net Assets 2020: $11,463,9082020Assets 2021: $13,920,519Liabilities 2021: $33,421Net Assets 2021: $13,887,0982021Assets 2022: $13,711,004Liabilities 2022: $123,800Net Assets 2022: $13,587,2042022Assets 2023: $15,205,703Liabilities 2023: $263,501Net Assets 2023: $14,942,2022023Assets 2024: $18,057,813Liabilities 2024: $317,225Net Assets 2024: $17,740,5882024

Highlighted filing

2016

Assets$5,166,253
Liabilities$136,011
Net Assets$5,030,242

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2010: $1,702,395Expenses 2010: $1,497,787Net Income 2010: $204,6082010Revenue 2011: $1,816,040Expenses 2011: $1,553,861Net Income 2011: $262,1792011Revenue 2012: $1,970,120Expenses 2012: $1,551,157Net Income 2012: $418,9632012Revenue 2013: $2,344,078Expenses 2013: $1,660,776Net Income 2013: $683,3022013Revenue 2014: $2,595,723Expenses 2014: $1,753,644Net Income 2014: $842,0792014Revenue 2015: $2,334,415Expenses 2015: $1,879,217Net Income 2015: $455,1982015Revenue 2016: $2,853,497Expenses 2016: $2,029,982Net Income 2016: $823,5152016Revenue 2017: $2,979,765Expenses 2017: $2,087,256Net Income 2017: $892,5092017Revenue 2018: $2,981,712Expenses 2018: $2,062,577Net Income 2018: $919,1352018Revenue 2019: $3,862,378Expenses 2019: $2,234,487Net Income 2019: $1,627,8912019Revenue 2020: $2,772,884Expenses 2020: $1,263,661Net Income 2020: $1,509,2232020Revenue 2021: $3,041,355Expenses 2021: $1,682,810Net Income 2021: $1,358,5452021Revenue 2022: $2,622,045Expenses 2022: $1,625,141Net Income 2022: $996,9042022Revenue 2023: $2,987,313Expenses 2023: $2,460,937Net Income 2023: $526,3762023Revenue 2024: $4,293,550Expenses 2024: $2,693,699Net Income 2024: $1,599,8512024

Highlighted filing

2016

Revenue$2,853,497
Expenses$2,029,982
Net Income$823,515
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$3,027,583
Mission and Program Overview

Mission

As a nonpartisan center for the study of public policy, the panetta institute helps our communities and the country meet the challenges of the 21st century. Working particularly to attract thoughtful young people to lives of public service, helping them expand their knowledge of the policy process and develop their skills as future leaders.

To operate a bipartisan center of studies to support the advancement to support the advancement of public policy and to promote public service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,275,816$2,229,827▲ $954,011
Savings and Temporary Cash Investments$2,459,104$2,165,477▼ $293,627
Land, Buildings, and Equipment, Net$210,126$478,821▲ $268,695
Pledges and Grants Receivable$175,000$225,000▲ $50,000
Accounts Receivable$29,500$41,254▲ $11,754
Cash and Non-Interest-Bearing Accounts$48,073$19,698▼ $28,375
Prepaid Expenses and Deferred Charges$706$6,176▲ $5,470
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,198,325$5,166,253▲ $967,928
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$94,906$99,063▲ $4,157
Deferred Revenue$59,174$36,948▼ $22,226
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$154,080$136,011▼ $18,069
Net Assets / Fund Balance
Unrestricted Net Assets$3,869,245$4,805,242▲ $935,997
Temporarily Rstr Net Assets$175,000$225,000▲ $50,000
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,044,245$5,030,242▲ $985,997
Total Liabilities and Net Assets / Fund Balance$4,198,325$5,166,253▲ $967,928

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$472,527-$472,527
Equipment$6,294$34,862$41,156
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris N HaubertChief of Staff in ProgramsFT$102,018$11,927$113,945

Board Members and Trustees

NameTitle
Secretary Leon PanettaChair
Sylvia M PanettaPresident & Co-chair
Sue AntleVice Chair
Catherine C BrockDirector
David BenjaminDirector
Don Chapin JrDirector
George W Couch IiiDirector
Lorrie KosterDirector
Patrick L WeltonDirector
Rhonda WilliamsDirector
Roger W ColemanDirector (part Year-deceased)
Mary F OrradreSecretary
Ted BalestreriTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Washington Speakers BureauSpeaker Consultants1663 Prince Street, Alexandria, VA 22314$260,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,552,865
Program Service Revenue
$334,115
Investment Income
$48,350
Other Revenue
$-81,833
All Other Contributions
$1,187,179
Change in Net Assets
$823,515

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$37,163Fair Market Value (FMV)
Other Non Cash Contri Table14$25,231Fair Market Value (FMV)
Other Non Cash Contri Table1$11,786Fair Market Value (FMV)
Other Non Cash Contri Table7$6,413Fair Market Value (FMV)
Other Non Cash Contri Table1$1,007Fair Market Value (FMV)
Total Noncash Contributions28$81,600-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,012,475
Revenue Not Reported on Financial Statements
$-158,978
Revenue Not Reported on Form 990
$508,694
Other Revenue Adjustments
$-158,978
Total Revenue per Audited Statements
$3,521,169
Total Revenue per Form 990
$2,853,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$982,244
Salaries, Compensation, and Employee Benefits$679,848
Grants and Similar Amounts Paid$367,890
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$525,613$48,862$0$574,475
Grants to Domestic Individuals$357,890--$357,890
All Other Expenses$155,649$7,563-$163,212
Office Expenses$114,117$9,632$0$123,749
Fees for Services Accounting$99,060$10,999$0$110,059
Travel$70,554$0$0$70,554
Payroll Taxes$49,026$4,340$0$53,366
Fees for Services Other$39,148$5,790$0$44,938
Other Employee Benefits$38,546$4,559$0$43,105
Other Expenses$38,837$0$0$38,837
Insurance$0$26,787$0$26,787
Grants to Domestic Orgs$10,000--$10,000
Pension Plan Contributions$8,250$652$0$8,902
Depreciation Depletion$0$7,992$0$7,992
Fees for Services Legal$3,776$2,479$0$6,255
Payment Travel Entrtnmnt Publicly Ofcl$1,577$0$0$1,577
Total Functional Expenses$1,900,327$129,655$0$2,029,982

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,535,172
Expenses per Audited Statements$2,029,982
Total Expenses per Form 990$2,029,982
Expenses Not Reported on Form 990$505,190
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation of CSU Monterey BaySeaside, CA501(c)(3)Tuition Scholarships$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$158,978
Fundraising Gross Income$77,145
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Evening to Hnr$892,831$77,145$109,582$-32,437
Total Events$892,831$77,145$158,978$-81,833
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Family or business relationships: secretary leon panetta, chair and sylvia panetta, president & co-chair, are spouses.

Form 990, Part VI, Line 11B

Process used to review the form 990: the form 990 is prepared by an outside tax firm. The form 990 and all related schedules are reviewed by the chair, financial consultant and legal counsel to the institute, prior to the completion by the outside tax firm. Upon completion, the form 990 and all related schedules are presented to the entire board of directors for their review and comment prior to filing.

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

Monitoring and enforcement of compliance with the conflict of interest policy: the board of directors of the institute has adopted a conflict of interest policy. The director approves the form indicating agreement with the policy. The chief executive officer reviews all transactions to avoid conflict of interest. Supervision of potential conflicts of interest is maintained carefully. The chief executive officer communicates with legal counsel if there are questions regarding a possible conflict of interest.

Form 990, Part VI, Section B, Line 13

Written whistleblower policy: the panetta institute maintains a whistleblower protection policy in accordance with all applicable federal, state and local laws, rules and regulations. The policy is posted at the office of the panetta institute.

Form 990, Part VI, Section B, Line 14

Written document retention and destruction policy: the panetta institute maintains a document destruction and retention policy. The policy is reviewed annually.

Form 990, Part VI, Section B, Line 15

Process for determining compensation the ceo of the panetta institute is not compensated.

Form 990, Part VI, Section B, Line 19

Availability of governing documents, conflict of interest policy, and financial statements: the panetta institute, upon request, provides all public documents including the form 990, audited financial statements, and governing documents.

Filing and Contact Details

Filer

Filer Name
The Panetta Institute for Public Policy
EIN
77-0495799
In Care Of
% SYLVIA M PANETTA
Phone
8315824200
Address
100 CAMPUS CENTER BLDG 86E, SEASIDE, CA 93955

Signing Officer

Name
Sylvia M Panetta
Title
President & Co-chair
Phone
8315824200
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sylvia M Panetta
Formed
1998
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
24
Volunteers
345

Preparer

Firm
Ernst & Young US Llp
Address
560 MISSION ST STE 1600, SAN FRANCISCO, CA 94105
Preparer
Eva Nitta
Phone
4158948000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Description of other program services: education for leadership in public service seminar - in june, elected student body leaders from throughout the california state university system, along with three private schools, spend a week at the panetta institute to sharpen their leadership skills, improve their understanding of government and consider a career in public life. By the end of 2016, 470 students had enrolled in this program. Leon e. Panetta archive - the personal papers of secretary panettas fifty years in public service have been archived at the panetta institute to preserve a historical record for study. In addition, an exhibit featuring the life of secretary panetta and reflecting materials and themes of the archive is in place in the hall of the panetta institute. Research - the panetta institute periodically conducts a scientifically based national survey on youth attitudes toward politics to better understand and respond to the disaffection for politics and government among young people. In addition, the panetta institute conducts the policy research fellows program that hosts highly qualified second and third year law school students from santa clara university school of law to learn about policy research. By the end of 2016, 69 students had participated in this fall and spring semester opportunity. Jefferson-lincoln awards - each year the panetta institute honors national leaders and journalists in this country who show outstanding dedication to the principles of our democracy. This recognition is presented at a black-tie gala and serves as the institute's main fundraiser. Since the year 2000, the institute has honored 51 individuals.

Form 990, Part IX, Line 18

The organization paid travel expenses for a public official to attend an event in 2016. The recipient reimbursed the organization for the travel expenses in 2017.

Financial Statement Notes

Form 990, Schedule D, Part X, Line 4B

Asc 740 (fin48) footnote from audit the institute has adopted the provisions related to accounting for uncertainty in income taxes, which defines a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The institute's management has considered its tax positions and believes that all of the positions taken by the institute in its federal and state tax returns are more likely than not to be sustained upon examination. The institute files tax returns in the u.s. Federal and california jurisdictions. With few exceptions, the institute is no longer subject to federal tax examinations by tax authorities for years before 2013. Form 990, schedule d, part xi, line 4b other reconciling items form 990 to financial statements fundraising event expenses $(158,978) ---------- total $(158,978)

Form 990, Schedule D, Part XII, Line 2D

Other reconciling items form 990 to financial statements fundraising event expenses $ 158,978 ---------- total $ 158,978

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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR (PART YEAR-DECEASED)
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF OF STAFF IN PROGRAMS
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IRS990/MissionDesc0AS A NONPARTISAN CENTER FOR THE STUDY OF PUBLIC POLICY, THE PANETTA INSTITUTE HELPS OUR COMMUNITIES AND THE COUNTRY MEET THE CHALLENGES OF THE 21ST CENTURY. WORKING PARTICULARLY TO ATTRACT THOUGHTFUL YOUNG PEOPLE TO LIVES OF PUBLIC SERVICE, HELPING THEM EXPAND THEIR KNOWLEDGE OF THE POLICY PROCESS AND DEVELOP THEIR SKILLS AS FUTURE LEADERS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.32$17.7$4.29$2.69$1.60
2023Detailed filing. Detailed filing data is available for this year.$15.2$0.26$14.9$2.99$2.46$0.53
2022Detailed filing. Detailed filing data is available for this year.$13.7$0.12$13.6$2.62$1.63$1.00
2021Detailed filing. Detailed filing data is available for this year.$13.9$0.03$13.9$3.04$1.68$1.36
2020Detailed filing. Detailed filing data is available for this year.$11.6$0.17$11.5$2.77$1.26$1.51
2019Detailed filing. Detailed filing data is available for this year.$9.50$0.06$9.44$3.86$2.23$1.63
2018Detailed filing. Detailed filing data is available for this year.$7.15$0.08$7.07$2.98$2.06$0.92
2017Detailed filing. Detailed filing data is available for this year.$6.54$0.16$6.38$2.98$2.09$0.89
2016Detailed filing. Detailed filing data is available for this year.$5.17$0.14$5.03$2.85$2.03$0.82
2015Detailed filing. Detailed filing data is available for this year.$4.20$0.15$4.04$2.33$1.88$0.46
2014Detailed filing. Detailed filing data is available for this year.$3.71$0.11$3.60$2.60$1.75$0.84
2013Summary only. Only limited summary data is available for this year.$2.86$0.13$2.74$2.34$1.66$0.68
2012Summary only. Only limited summary data is available for this year.$2.12$0.07$2.05$1.97$1.55$0.42
2011Summary only. Only limited summary data is available for this year.$1.71$0.08$1.63$1.82$1.55$0.26
2010Summary only. Only limited summary data is available for this year.$1.48$0.10$1.37$1.70$1.50$0.20