2022-12-20T14:17:51-06:00 2022-06-30 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2021-07-01 943207299 PUBLIC POLICY INSTITUTE OF CALIFORNIA PUBL 4152914400 500 WASHINGTON STREET 600 SAN FRANCISCO CA 94111 CYNTHIA SCHERER CHIEF FINANCIAL OFFICER 4152914400 2022-12-16 1 CYNTHIA SCHERER 999009999 MAGA E KISRIEV P01008919 4089988400 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MARK BALDASSARE 500 WASHINGTON STREET 600 SAN FRANCISCO CA 94111 45798400 0 X WWW.PPIC.ORG X 1994 CA INFORM AND IMPROVE PUBLIC POLICY IN CALIFORNIA THROUGH INDEPENDENT, OBJECTIVE, NONPARTISAN RESEARCH 15 14 94 92 301085 0 4418472 8574979 0 0 8579700 26202030 643088 59046 13641260 34836055 0 0 0 0 12494930 13472209 0 0 618943 6336657 6542805 18831587 20015014 -5190327 14821041 379445881 340951909 35962167 36050413 343483714 304901496 X SEE SCHEDULE O 0 0 15101115 0 119 SEE SCHEDULE O 15101115 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 45 0 1 94 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X CYNTHIA SCHERER 4152914400 500 WASHINGTON STREET 600 SAN FRANCISCO CA 94111 MARK BALDASSARE PRESIDENT AND CEO 40.00 X X 508749 0 79344 STEVEN A MERKSAMER BOARD CHAIR 1.00 X 0 0 0 OPHELIA BASGAL DIRECTOR 1.00 X 0 0 0 LOUISE HENRY BRYSON DIRECTOR 1.00 X 0 0 0 A MARISA CHUN DIRECTOR 1.00 X 0 0 0 CHET HEWITT DIRECTOR 1.00 X 0 0 0 PHILLIP ISENBERG DIRECTOR 1.00 X 0 0 0 DAVID MAS MASUMOTO DIRECTOR 1.00 X 0 0 0 STEVEN J OLSON DIRECTOR 1.00 X 0 0 0 LEON E PANETTA DIRECTOR 1.00 X 0 0 0 GERALD L PARKSY DIRECTOR 1.00 X 0 0 0 KIM POLESE DIRECTOR 1.00 X 0 0 0 CASSANDRA WALKER PYE DIRECTOR 1.00 X 0 0 0 HELEN IRIS TORRES DIRECTOR 1.00 X 0 0 0 GADDI H VARQUEZ DIRECTOR 1.00 X 0 0 0 CYNTHIA SCHERER TREASURER AND CFO 40.00 X 283654 0 70752 EMILY LOESCHINGER SECRETARY 40.00 X 84817 0 21539 ABIGAIL COOK VP OF COMMS & CHIEF STRATEGY OFFICER 40.00 X 279296 0 75093 SARAH BOHN VP OF RESEARCH AND SENIOR FELLOW 40.00 X 253830 0 40154 DEBORAH GONZALEZ VP, GOV'T AFFAIRS & CHIEF DATA OFFICER 40.00 X 210046 0 24184 ELLEN HANAK VP & DIR, WATER POLICY CTR & SEN. FELLOW 40.00 X 326529 0 35346 HANS JOHNSON SENIOR FELLOW 40.00 X 295462 0 72740 MAGNUS LOFSTROM POLICY DIRECTOR AND SENIOR DIRECTOR 40.00 X 201315 0 42178 CAROLINE DANIELSON POLICY DIRECTOR AND SENIOR DIRECTOR 40.00 X 199307 0 40142 LYNETTE UBOIS DIRECTOR OF CONTENT STRATEGY 40.00 X 195079 0 62209 ATHENA BREKKE DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 193233 0 37307 3031317 0 600988 38 0 1 0 ABT ASSOCIATES 10 FAWCETT STREET CAMBRIDGE MA 02138 SURVEY 671900 IPSOS PUBLIC AFFAIRS LLC 301 MERRITT 7 NORWALK CT 06851 SURVEY 304886 LONG DASH 600 NEW HAMPSHIRE AVE NW SUITE 800 WASHINGTON DC 20037 WEBSITE DESIGN CONSULTING 276860 WISEBRIDGE 4083 24TH STREET 460762 SAN FRANCISCO CA 94114 DEI CONSULTING 245000 AON INVESTMENT USA INC 39584 TREASURY CENTER CHICAGO IL 60694 INVESTMENT MANAGEMENT CONSULTING 143300 7 1079749 7495230 26982 8574979 10776480 98020 10678460 3027884 2968957 58927 58927 203065 -144138 23418938 7993388 15425550 15425550 15425550 RESEARCH PUBLICATION 511190 119 119 119 34836055 119 301085 25959872 2351624 1302769 1048855 8389185 6681830 1344588 362767 801878 633930 132334 35614 1205783 847044 319391 39348 723739 558875 138557 26307 30994 12123 18798 73 79661 79661 1758069 1353460 349131 55478 1555526 896961 641835 16730 205822 174240 20376 11206 282619 234898 36942 10779 1070377 925271 102636 42470 77115 52842 23705 568 56794 50679 4243 1872 101064 87343 9705 4016 79326 68557 7617 3152 SURVEYS 996079 996079 DATA/LIBRARY 133513 129661 2725 1127 PRINTING/PUBLICATIONS 18211 16896 47 1268 97635 77657 13810 6168 20015014 15101115 4294956 618943 2000884 1129090 1785653 39861 1453353 1669277 72929 1015215 1555 151 1489034 1291671 54545770 32962386 22402650 21583384 294653326 254640187 55029043 59070410 557454 512663 379445881 340951909 2820412 2935334 12705000 12705000 19879301 19897415 557454 512664 35962167 36050413 X 328593194 288233712 14890520 16667784 343483714 304901496 379445881 340951909 14821041 -53403259 0 X 0 1 X 1 0 X 7534563 14270152 3614989 4418472 8574979 38413155 7534563 14270152 3614989 4418472 8574979 38413155 10623560 27789595 2633991 12084164 10007209 4845919 10678460 40249743 0 0 0 0 0 78662898 600 0.35330 0.36830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1597217 -173468 1423749 1216268 380949 1597217 1256396 -40128 1216268 1250878 5517 1256395 1199076 51802 1250878 0.00000 1.00000 0.00000 0 0 12015814 12015814 34673144 25362976 9310168 5772310 5653885 118425 2084502 1945525 138977 21583384 2008 ADAMS ST. DIRECT 362491 F 2008 ADAMS ST. US 1350159 F 2008 ADAMS ST. NON US 1295477 F 2006 ADAMS ST. DIRECT 168786 F 2006 ADAMS ST. US 512895 F 2006 ADAMS ST. NON US 188024 F 2011 ADAMS ST. DIRECT 479170 F 2011 ADAMS ST. US 2796461 F 2011 ADAMS ST. NON US DEV MKT 1381031 F 2011 ADAMS ST. EMERGING MARKETS 805304 F 2017 ADAMS ST. GLOBAL 10408717 F UBS TRUMBULL 9017571 F PRUDENTIAL REAL ESTATE 26397652 F HARBOURVEST 3906672 F 59070410 457(B) PLAN LIABILITY 512664 512664 X -20374224 -53403259 -53403259 33029035 1748093 58927 1807020 34836055 18207994 -58927 -58927 18266921 1748093 1748093 20015014 PART X, LINE 2: PPIC IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CALIFORNIA TAX CODE. ACCORDINGLY, THE OPERATIONS OF PPIC ARE CURRENTLY CONSIDERED EXEMPT FROM FEDERAL AND STATE INCOME AND EXCISE TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: BUILDING FINANCING COSTS RECLASSIFIED TO REVENUE -471,950. NET INCOME FROM BUILDING OPERATIONS RECLASSIFIED TO REVENUE 530,877. PART XII, LINE 2D - OTHER ADJUSTMENTS: BUILDING FINANCING COSTS RECLASSIFIED TO REVENUE 471,950. NET INCOME FROM BUILDING OPERATIONS RECLASSIFIED TO REVENUE -530,877. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3906672 0 0 0 0 0 0 3906672 0 3906672 1 0 0 0 1 0 PART III ACCOUNTING METHOD: X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARK BALDASSARE PRESIDENT AND CEO 508749 0 0 0 0 0 33460 0 45884 0 588093 0 0 0 HANS JOHNSON SENIOR FELLOW 295462 0 0 0 0 0 33460 0 39280 0 368202 0 0 0 ELLEN HANAK VP & DIR, WATER POLICY CTR & SEN. FE 326529 0 0 0 0 0 33460 0 1886 0 361875 0 0 0 CYNTHIA SCHERER TREASURER AND CFO 283654 0 0 0 0 0 32881 0 37871 0 354406 0 0 0 ABIGAIL COOK VP OF COMMS & CHIEF STRATEGY OFFICER 279296 0 0 0 0 0 32666 0 42427 0 354389 0 0 0 SARAH BOHN VP OF RESEARCH AND SENIOR FELLOW 253830 0 0 0 0 0 28434 0 11720 0 293984 0 0 0 LYNETTE UBOIS DIRECTOR OF CONTENT STRATEGY 195079 0 0 0 0 0 20993 0 41216 0 257288 0 0 0 MAGNUS LOFSTROM POLICY DIRECTOR AND SENIOR DIRECTOR 201315 0 0 0 0 0 21453 0 20725 0 243493 0 0 0 CAROLINE DANIELSON POLICY DIRECTOR AND SENIOR DIRECTOR 199307 0 0 0 0 0 21497 0 18645 0 239449 0 0 0 DEBORAH GONZALEZ VP, GOV'T AFFAIRS & CHIEF DATA OFFIC 210046 0 0 0 0 0 22298 0 1886 0 234230 0 0 0 ATHENA BREKKE DIRECTOR OF INFORMATION TECHNOLOGY 193233 0 0 0 0 0 20623 0 16684 0 230540 0 0 0 PART I, LINE 1A SARAH BOHN, DEBORAH GONZALEZ, AND ELLEN HANAK RECEIVED HEALTH CLUB DUE REIMBURSEMENTS. THESE REIMBURSEMENTS WERE TREATED AS TAXABLE COMPENSATION. ABIGAIL COOK KEY EMPLOYEE COMPUTER LOAN X 2021 151 0 0 1 151 X 4 26982 FMV 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART I, LINE 1: THE PUBLIC POLICY INSTITUTE OF CALIFORNIA (PPIC) IS DEDICATED TO INFORMING AND IMPROVING PUBLIC POLICY IN CALIFORNIA THROUGH INDEPENDENT, OBJECTIVE, NONPARTISAN RESEARCH. FORM 990, PART III, LINE 1: PPIC IS A NONPROFIT, NONPARTISAN THINK TANK DEDICATED TO INFORMING AND IMPROVING PUBLIC POLICY IN CALIFORNIA THROUGH RIGOROUS, INDEPENDENT, OBJECTIVE RESEARCH. PPIC IS COMMITTED TO PROVIDING DATA-DRIVEN INFORMATION THAT ENCOURAGES PRODUCTIVE DIALOGUE AND INSPIRES SUSTAINABLE POLICY SOLUTIONS IN SACRAMENTO AND AROUND THE STATE. PPIC'S CENTRAL AUDIENCES ARE CALIFORNIA'S ELECTED OFFICIALS AND POLICYMAKERS AT THE LOCAL, STATE, AND FEDERAL LEVELS. PPIC ALSO INFORMS KEY POLICY INFLUENCERS FROM TRADITIONAL AND SOCIAL MEDIA TO LEADERS IN THE BUSINESS AND NONPROFIT COMMUNITIES. PPIC DOES NOT TAKE OR SUPPORT POSITIONS ON ANY BALLOT MEASURES OR ON ANY LOCAL, STATE, OR FEDERAL LEGISLATION, NOR DOES IT ENDORSE, SUPPORT, OR OPPOSE ANY POLITICAL PARTIES OR CANDIDATES FOR PUBLIC OFFICE. FORM 990, PART III, LINE 4A: PPIC IS COMMITTED TO PROVIDING ESSENTIAL INFORMATION AND FRAMING POLICY DEBATES TO SHAPE A BETTER FUTURE FOR CALIFORNIA. WE IDENTIFY PRACTICAL, FORWARD-LOOKING APPROACHES TO CALIFORNIA'S MOST PRESSING CHALLENGES. OUR PUBLICATIONS RANGE FROM ONE-PAGE FACT SHEETS TO COMPREHENSIVE, IN-DEPTH REPORTS; ALL PUBLICATIONS ARE AVAILABLE ON PPIC'S WEBSITE PPIC.ORG FREE OF CHARGE. ON AVERAGE, PPIC PRODUCES 65 PUBLICATIONS PER YEAR. THE PPIC BLOG OFFERS TIMELY COMMENTARY AND ANALYSIS. OUR BLOG PRODUCES A MINIMUM OF 200 POSTS, WHICH ARE WIDELY DISTRIBUTED THROUGH OUR EMAIL MARKETING AND SOCIAL MEDIA CHANNELS. WE REGULARLY BRING LEADERS AND STAKEHOLDERS TOGETHER AT PUBLIC EVENTS TO INSPIRE NEW THINKING AND FIND INNOVATIVE ANSWERS TO CRITICAL POLICY QUESTIONS. WE HOST APPROXIMATELY 30 HIGH-PROFILE EVENTS BOTH IN-PERSON AND MORE RECENTLY, ONLINE WITH HUNDREDS OF PARTICIPANTS AT EACH CONVENING. WE ARE ROUTINELY CITED IN NATIONAL AND STATE MEDIA ARTICLES, AVERAGING 12,000 PER YEAR. MORE THAN 2.2 MILLION PAGES ARE VIEWED ON OUR WEBSITE, PPIC.ORG. WE POST APPROXIMATELY 2,800 TIMES ON OUR SOCIAL MEDIA CHANNELS, RESULTING IN APPROXIMATELY 2,600,000 IMPRESSIONS. OUR RESEARCHERS TESTIFY AT MORE THAN 10 LEGISLATIVE HEARINGS, ON AVERAGE, AND PPIC RESEARCH IS CITED THE TEXT OF MORE THAN 100 BILLS OR BILL ANALYSES PER TWO-YEAR LEGISLATIVE CYCLE. PPIC'S WORK IS DEFINED BY THREE STRATEGIC PRIORITIES: IMPROVING OPPORTUNITY FOR CALIFORNIANS - WE ENCOURAGE THE DEVELOPMENT OF POLICIES THAT IMPROVE THE WELL-BEING OF ALL CALIFORNIANS. AREAS OF FOCUS INCLUDE EDUCATION, THE SAFETY NET, CRIMINAL JUSTICE, AND WATER, LAND, AND AIR. UNDERSTANDING CALIFORNIA'S FUTURE - WE ANALYZE KEY DEMOGRAPHIC, ECONOMIC, ENVIRONMENTAL, AND POLITICAL TRENDS TO ANTICIPATE MAJOR CHALLENGES AND IDENTIFY PRACTICAL POLICY SOLUTIONS. INFORMING CIVIC LIFE - OUR STATEWIDE SURVEY PROVIDES A VOICE FOR CALIFORNIANS ON CRITICAL ISSUES AND OUR PUBLIC EVENTS AND ENGAGEMENT WITH NEW AND EMERGING LEADERS ACROSS THE STATE PROMOTE CONSTRUCTIVE DIALOGUE TO HELP REALIZE CALIFORNIA'S POTENTIAL. IN ADDITION, PPIC HOUSES THREE POLICY CENTERS. THE PPIC HIGHER EDUCATION CENTER ADVANCES PRACTICAL SOLUTIONS THAT ENHANCE EDUCATIONAL OPPORTUNITIES FOR ALL OF CALIFORNIA'S STUDENTS IMPROVING LIVES AND EXPANDING ECONOMIC GROWTH ACROSS THE STATE. THE PPIC STATEWIDE SURVEY PROVIDES A VOICE FOR THE PUBLIC AND LIKELY VOTERS ON CALIFORNIA'S KEY POLICY ISSUES. AND THE PPIC WATER POLICY CENTER SPURS INNOVATIVE WATER MANAGEMENT SOLUTIONS THAT SUPPORT A HEALTHY ECONOMY, ENVIRONMENT, AND SOCIETY. OUR EXTENSIVE OUTREACH ACTIVITIES BRING PPIC'S WORK TO AN EVER-EXPANDING AUDIENCE IN SACRAMENTO AND BEYOND. OUR EVENTS FEATURE VIEWPOINTS ACROSS THE POLITICAL SPECTRUM, PROMOTING CONSTRUCTIVE, THOUGHTFUL, AND RESPECTFUL DIALOGUE ON THE ISSUES THAT MATTER MOST TO CALIFORNIA. THROUGH OUR WEBSITE AND PUBLIC EVENTS, PPIC AIMS TO BE AN INFORMATION RESOURCE FOR ENGAGED CALIFORNIANS ACROSS THE STATE. OUR CENTRAL AUDIENCES ARE CALIFORNIA'S ELECTED OFFICIALS AND POLICYMAKERS AT THE LOCAL, STATE, AND FEDERAL LEVELS. THESE LEADERS ROUTINELY DRAW ON PPIC RESEARCH TO MAKE VITAL POLICY CHOICES ON A WIDE RANGE OF TOPICS. OUR WORK IS REGULARLY CITED IN BILL ANALYSES AND OUR EXPERTS ARE OFTEN INVITED TO TESTIFY BEFORE THE STATE LEGISLATURE AND OTHER GOVERNMENTAL ENTITIES. THE PPIC SACRAMENTO CENTER LOCATED ACROSS FROM THE STATE CAPITOL OFFERS OPPORTUNITIES FOR HANDS-ON ENGAGEMENT WITH THE STATE'S POLICY COMMUNITY. THE BECHTEL CONFERENCE CENTER, AT OUR SAN FRANCISCO HEADQUARTERS, PROVIDES A STATE-OF-THE-ART VENUE AND A NEUTRAL MEETING GROUND FOR IMPORTANT POLICY DISCUSSIONS AND EVENTS. PPIC RECEIVES GENEROUS SUPPORT FROM FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS. OUR ENDOWMENT ALSO SUPPORTS MANY OF OUR RESEARCH AND OTHER ACTIVITIES. PPIC IS A 501(C)(3) PUBLIC CHARITY AND DOES NOT TAKE OR SUPPORT POSITIONS ON ANY BALLOT MEASURES OR ON ANY LOCAL, STATE, OR FEDERAL LEGISLATION, NOR DOES IT ENDORSE, SUPPORT, OR OPPOSE ANY POLITICAL PARTIES OR CANDIDATES FOR PUBLIC OFFICE. PPIC WAS ESTABLISHED IN 1994 WITH AN ENDOWMENT FROM WILLIAM R. HEWLETT. SINCE ITS INCEPTION, PPIC HAS HELPED CALIFORNIA'S LEADERS TO BETTER UNDERSTAND POLICY ISSUES BY PROVIDING THEM WITH NONPARTISAN RESEARCH. MARK BALDASSARE IS PRESIDENT AND CEO AND STEVEN A. MERKSAMER IS CHAIR OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B PPIC'S CFO AND CONTROLLER ARE RESPONSIBLE FOR THE TIMELY PREPARATION OF THE IRS FORM 990. WHEN A DRAFT HAS BEEN COMPLETED, IT IS DISTRIBUTED TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW, COMMENTS, AND DISCUSSION. ANY QUESTIONS, CONCERNS AND CHANGES BY THE COMMITTEE ARE PROVIDED TO STAFF FOR INCORPORATION INTO THE FORM 990. THE FULL BOARD IS PROVIDED A COPY OF THE DRAFT FOR REVIEW AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C PPIC'S CONFLICT OF INTEREST POLICY REQUIRES ALL RESEARCHERS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THE RESEARCH OPERATIONS MANAGER. IF THE OPERATIONS MANAGER DETERMINES THAT A CONFLICT OF INTEREST MAY EXIST, THE MATTER IS REVIEWED BY THE VICE PRESIDENT OF RESEARCH AND THE CFO. IN THE EVENT OF A DISAGREEMENT, THE MATTER IS TAKEN TO PPIC'S PRESIDENT. IF THE MATTER INVOLVES A MEMBER OF THE BOARD OF DIRECTORS IT IS REVIEWED BY THE FULL BOARD. THE POLICY IS PROVIDED TO ALL STAFF AS WELL AS THE MEMBERS OF THE BOARD OF DIRECTORS, IS CONTAINED IN THE HUMAN RESOURCES MANUAL, AND REMINDERS OF THE POLICY ARE ISSUED PERIODICALLY. IF A RESEARCH PROJECT IS FOUND TO PRESENT AN UNACCEPTABLE CONFLICT OF INTEREST, THE RESEARCH PLAN MAY BE MODIFIED, INDEPENDENTLY REVIEWED, OR THE RESEARCHER MAY BE DISQUALIFIED FROM PARTICIPATING IN THE RESEARCH. PPIC'S BOARD OF DIRECTORS HAS QUARTERLY MEETINGS TO DISCUSS AND REVIEW FINANCIAL REPORTING AND OTHER GOVERNING AND MANAGEMENT POLICIES. FORM 990, PART VI, SECTION B, LINE 15 PPIC HAS A MANAGEMENT GROUP THAT REVIEWS ALL STAFF EVALUATIONS INCLUDING KEY EMPLOYEES. FOLLOWING MANAGEMENT REVIEW, STAFF COMPENSATION IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AS PART OF THE ANNUAL BUDGET APPROVAL MEETING. THE CEO EVALUATION IS CONDUCTED SEPARATELY BY THE BOARD OF DIRECTORS. THE BOARD MUST APPROVE SALARIES OF THE CEO, CFO, AND VICE-PRESIDENT OF RESEARCH. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS INCLUDING THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). ANY INDIVIDUAL WHO WOULD LIKE A COPY SHOULD CONTACT PPIC. AUDITED FINANCIAL STATEMENTS AND THE IRS FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.