The Policy Project

Nonprofit profile at a glance

EIN
873544416
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Salt Lake City, UT, USA
Phone
8042670217
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy

Official website

Reported finances

Revenue
$2,464,033
Expenses
$2,317,165
Assets
$2,889,006
Liabilities
$19,564

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

Leadership & pay

4 people listed

Executive titles in this filing

  • EMILY BELL MCCORMICK (PRESIDENT)

Highest reported compensation

  • EMILY BELL MCCORMICK (PRESIDENT): $127,729 total reported compensation
  • BROOKE GLEDHILL (SECRETARY/TR): $89,316 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 policy project's mission is to remove barriers to opportunity through solution-based policy at all levels in society, including policies of governments, businesses, families and individuals. We work toward healthy, equitable policy for the future of our children, our community, and our world, knowing that when every individual has access to opportunity, communities flourish.

What it reported doing in 2024

The focused student project we are currently working to successfully pass two bills during the 2025 Utah legislative session. The focused student project, tackles food insecurity by expanding access to no-cost school meals and increasing summer nutrition support. It also promotes healthier learning environments through a proposed policy limiting smartphone use in classrooms, addressing factors that impact academic success and mental well-being. Student ambassador program the policy project works with students ages 12 to 18 to develop leadership skills and make a difference in their community via service and advocacy. Each month, we focused on one of our three pillars of leadership, service, and advocacy, and offered remote training and tasks for student ambassadors to engage in. Our monthly speaker series gave our student ambassadors an exclusive chance to learn from all-star leaders from across Utah. We also invited our student ambassadors to attend an in-person service or advocacy event each quarter. Community development program we believe in the power of policy to make lasting change, and we know that civic and community engagement are instrumental to our work. We are dedicated to fostering nonpartisan support for policy solutions and to training future leaders along the way. We collaborate closely with legislators and stakeholders and cultivate grassroots support for maximum impact. Our community development program enables the crucial work to build relationships with stakeholders and identify unmet needs in our communities that can be solved through the efforts of the policy project. In 2023, we hosted 59 events with 4,602 attendees and engaged with more than 300 volunteers.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 89
  • Accountability: 62
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.3%; rating input score 87
  • Program expense ratio: 92.2%; rating input score 92
  • Fundraising efficiency: $46.84 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.2%; rating input score 95; 30th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 1.25; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 32% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 45.6% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 70.2% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 87.3% of revenue deployed · 92.2% of spending went to programs
  • Governance: 2 of 3 board members independent · 5 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.1M in reported program spending
  • Leadership: top reported pay $128K · 4 people listed
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 31 filed money-flow records
  • Related organizations: 29 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 — Accountability: Governance controls: 3 of 8 not reported.
  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.