Overview
What is Indiana Fiscal Policy Institute Inc?
Indiana Fiscal Policy Institute Inc, located in Indianapolis, Indiana, serves as a nonpartisan, statewide research organization. Their primary focus is to analyze and educate policymakers, the private sector, and the public at large on critical fiscal issues affecting Indiana's state and local governments. By providing objective research, they aim to promote effective and accountable governance. The Institute does not engage in lobbying or supporting political candidates, instead relying on its findings to shape sound fiscal strategies. They contribute to the public discourse through commentary on developments at the Indiana General Assembly, direct engagement with stakeholders and elected officials, and media outreach. The Institute also delivers presentations to various business, civic, and economic development groups across Indiana.
Official website here: www.indianafiscal.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star Rating
The Indiana Fiscal Policy Institute Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial practices. The overall score is derived solely from accountability and finance metrics, highlighting the importance of these areas in evaluating charity performance. While the organization excels in areas such as having a majority of independent board members and maintaining a clear conflict of interest policy, its financial ratios raise red flags.
A key shortcoming for the Institute is its low program expense ratio of 31.14%, which suggests that a limited percentage of its expenditures are directed towards its core mission. Additionally, the liabilities to assets ratio of 11.17% did not meet expectations, further affecting the charity's overall financial health. These figures indicate potential inefficiencies that may impact the organization's ability to effectively serve its purpose.
Despite these challenges, the Indiana Fiscal Policy Institute demonstrates strong governance practices with comprehensive policies in place for whistleblower protection and document retention. However, the financial metrics suggest that improvements are needed to enhance the effectiveness and sustainability of the organization's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Fiscal Policy Institute Inc legitimate?
Indiana Fiscal Policy Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Fiscal Policy Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $112,364
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.indianafiscal.org
What is the mission statement of Indiana Fiscal Policy Institute Inc?
The Indiana Fiscal Policy Institute Inc's mission is centered around improving the effectiveness and accountability of state and local government. This is achieved through educating key stakeholders, including public sector leaders, businesses, and labor groups, about significant fiscal policy issues and the long-term consequences of their decisions. The institute does not engage in lobbying or supporting political candidates, instead relying on objective research to assess and influence sound fiscal strategies. It provides analysis and commentary on fiscal impacts and implications at the Indiana General Assembly, communicates directly with partners, stakeholders, and elected officials, and delivers presentations to various groups across the state.
Official website here: www.indianafiscal.org
What is the revenue of Indiana Fiscal Policy Institute Inc?
Indiana Fiscal Policy Institute Inc's revenue in 2024 was $157,725.
Official website here: www.indianafiscal.org
Who are the executives of Indiana Fiscal Policy Institute Inc and what are their salaries?
The average compensation at Indiana Fiscal Policy Institute Inc during 2024 was $87,692. There 26 volunteers at Indiana Fiscal Policy Institute Inc.
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Official website here: www.indianafiscal.org
Where can I find the form 990 for Indiana Fiscal Policy Institute Inc?
Indiana Fiscal Policy Institute Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.indianafiscal.org
Learn more at the official website: www.indianafiscal.org
Mission Statement of Indiana Fiscal Policy Institute Inc
The Indiana Fiscal Policy Institute (IFPI) is dedicated to improving the effectiveness and accountability of state and local governments. In pursuit of this mission, IFPI educates key stakeholders, including public sector leaders, businesses, and labor organizations, on significant fiscal policy issues and the implications of state and local decisions. By providing objective research and analysis on taxing and spending policies, IFPI aims to promote informed decision-making and foster a more accountable government.
IFPI does not engage in lobbying, instead relying on its research to influence sound fiscal strategies. The organization has demonstrated its commitment to this mission by offering ongoing analysis and commentary on developments at the Indiana General Assembly, engaging directly with partners, stakeholders, and elected officials, and using the media to spread its insights and observations on key issues. Additionally, IFPI frequently delivers presentations to business, civic, and economic development groups across Indiana, furthering its mission to educate and promote fiscal responsibility.
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Impact
August, 2024
Indiana Fiscal Policy Institute Inc's impact lies in enhancing the effectiveness and accountability of state and local government through education. By providing ongoing research and analysis into state and local taxing and spending policies, IFPI serves as Indiana's only independent, statewide source for crucial fiscal information.
Their mission to educate policymakers, the private sector, and the public at large on critical fiscal issues and the long-term consequences of policies has a significant influence on shaping sound fiscal strategies. Through direct communication with partners, stakeholders, and elected officials, as well as through media engagement and presentations to various groups across Indiana, IFPI ensures that decision-makers are well-informed and equipped to make informed choices regarding fiscal policies.
By refraining from lobbying and instead focusing on objective research, IFPI maintains its commitment to providing unbiased analysis and commentary on fiscal matters, thus contributing to a more transparent and informed governance process.
This information is meant to be a general summary of Indiana Fiscal Policy Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $5
- Program Service Revenue: $40,645
- Gross Receipts: $157,725
Assets and Liabilities:
- Total Assets: $30,745
- Total Liabilities: $550
- Net Assets: $30,195
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING REGISTR
Revenue
$40,645
Organization Details
Founding Year
1987
Principal Officer
Stephanie Wells
Website
www.indianafiscal.orgNTEE Category
Code: W22Z - Public benefit
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