Fund for Policy Reform Inc

Nonprofit profile at a glance

EIN
264351242
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2125480600
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$470,129,351
Expenses
$265,976,934
Assets
$840,987,402
Liabilities
$21,643,154

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • PEDRO ABRAMOVAY (VICE PRESIDENT, PROGRAMS)

Highest reported compensation

  • BINAIFER NOWROJEE (DIRECTOR (AS OF 12/1/24)): $1,058,976 total reported compensation
  • LEONARD BENARDO (DIRECTOR (UNTIL 12/1/24)): $954,384 total reported compensation
  • PEDRO ABRAMOVAY (VICE PRESIDENT, PROGRAMS): $656,205 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

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 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.

What it reported doing in 2024

Executive grants - grants were provided to support the grantees' operations and activities related to policies, events and issues that directly impact communities, including free press, civic engagement, equality and anti-discrimination programs.

Operating model

Revenue model
Affiliate-supported. 99% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 68
  • Accountability: 81
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51%; rating input score 51
  • Program expense ratio: 79.8%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 75%; rating input score 75; 24th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 43.4%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 3.16; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 12.7% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 17th percentile among comparable filings

Details

  • Where the money goes: 51% of revenue deployed · 79.8% of spending went to programs
  • Governance: 3 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $212.3M in reported program spending
  • Leadership: top reported pay $1.1M · 13 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $17M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.