﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-08-03T12:26:54-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>KEVIN L PENN INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>11811 SHAKER BLVD STE 421</AddressLine1>
        <City>CLEVELAND</City>
        <State>OH</State>
        <ZIPCode>441201927</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>202069251</EIN>
      <Name>
        <BusinessNameLine1>POLICYBRIDGE</BusinessNameLine1>
      </Name>
      <NameControl>POLI</NameControl>
      <Phone>2166214000</Phone>
      <USAddress>
        <AddressLine1>850 EUCLID AVENUE</AddressLine1>
        <City>CLEVELAND</City>
        <State>OH</State>
        <ZIPCode>44114</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>GREGORY L BROWN</Name>
      <Title>GREGORY L. BROWN, EXECUTIVE DIRECTO</Title>
      <Phone>2166214000</Phone>
      <DateSigned>2012-07-30</DateSigned>
    </Officer>
    <Preparer>
      <Name>KEVIN L PENN INC</Name>
      <Phone>2164211000</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="3">
    <IRS990EZ documentId="00000001" referenceDocumentName="IRS990ScheduleO ReasonableCauseExplanation TransfersPersonalBenefitsContractsDeclaration">
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>N/A</WebSite>
      <Organization501c3 referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleA">X</Organization501c3>
      <GrossReceipts>158850</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>158850</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>0</ProgramServiceRevenue>
      <MembershipDues>0</MembershipDues>
      <InvestmentIncome>0</InvestmentIncome>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>0</GainOrLossFromSaleOfAssets>
      <GamingGrossIncome>0</GamingGrossIncome>
      <FundraisingGrossIncome>0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <SpecialEventsNetIncomeLoss>0</SpecialEventsNetIncomeLoss>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <GroProfitLossSalesOfInventory>0</GroProfitLossSalesOfInventory>
      <TotalRevenue>158850</TotalRevenue>
      <SalariesOtherCompEmplBenefits>96885</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>15595</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>12199</OccupancyRentUtilitiesAndMaint>
      <PrintingPublicationsPostage>1525</PrintingPublicationsPostage>
      <OtherExpensesTotal>11534</OtherExpensesTotal>
      <TotalExpenses>137738</TotalExpenses>
      <ExcessOrDeficitForYear>21112</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>54412</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>75524</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartII>X</InfoInScheduleOPartII>
      <CashSavingsAndInvestments>
        <BOY>52141</BOY>
        <EOY>66326</EOY>
      </CashSavingsAndInvestments>
      <OtherAssetsTotal>
        <BOY>3596</BOY>
        <EOY>17190</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>55737</BOY>
        <EOY>83516</EOY>
      </TotalAssets>
      <SumOfTotalLiabilities>
        <BOY>1325</BOY>
        <EOY>7992</EOY>
      </SumOfTotalLiabilities>
      <NetAssetsOrFundBalances>
        <BOY>54412</BOY>
        <EOY>75524</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>See 28 below.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>The organization's mission as a non-partisan public policy think tank having a regional focus in Northeast Ohio, is to create and sustain high quality discourse addressing public policy issues, which enlighten and energize fellow citizens, prompting them to take action.</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>137737</GrantsAndAllocations>
        <ProgramServiceExpenses>137737</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>137737</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>RANDELL MCSHEPARD</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Chairman</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>GREGORY L BROWN</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Executive Director</Title>
        <AvgHoursPerWkDevotedToPosition>40.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>90000</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>SHARON SOBOL JORDAN</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>DR CRAIG FOLLINS</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>TERRI HAMILTON-BROWN</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>MITTIE JONES PHD</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>VALARIE J MCCALL</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>STEVEN A MINTER</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>RONALD V JOHNSON</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>RHONDA WILLIAMS PHD</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>SCOTT ROULSTON</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>STEVEN SIMS</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>EDDIE TAYLOR</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>DANNY WILLIAMS</PersonName>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <Title>Board Member</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <SubjectToProxyTax referenceDocumentName="IRS990ScheduleC">false</SubjectToProxyTax>
      <OrganizationDissolvedEtc referenceDocumentName="IRS990ScheduleN BinaryAttachment">false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TheBooksAreInCareOf>
        <NamePerson>GREGORY L BROWN</NamePerson>
        <AddressUS>
          <AddressLine1>850 EUCLID AVE</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44114</ZIPCode>
        </AddressUS>
        <TelephoneNumber>2163444600</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
    </IRS990EZ>
    <IRS990ScheduleA documentId="00000002" softwareId="11000175">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <PublicSupportTotal170>0</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <Total>0</Total>
      </GrossInvestmentIncome170>
      <PublicSupportPertcentage170>0</PublicSupportPertcentage170>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>43795</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>178600</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>313325</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>154776</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>158850</CurrentTaxYear>
        <Total>849346</Total>
      </GiftsGrantsContribReceived509>
      <Total509>
        <CurrentTaxYearMinus4Years>43795</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>178600</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>313325</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>154776</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>158850</CurrentTaxYear>
        <Total>849346</Total>
      </Total509>
      <PublicSupportTotal509>849346</PublicSupportTotal509>
      <OtherIncome509>
        <CurrentTaxYearMinus2Years>2143</CurrentTaxYearMinus2Years>
        <Total>2143</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <Total>851489</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.99750</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.99730</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
      <FactsAndCircumstancesTest>OTHER INCOME PART III, LINE 12; DESCRIPTION: SPECIAL EVENTS; 2007: 0.; 2008: 0.; 2009: 2143.; 2010: 0.; 2011: 0.;</FactsAndCircumstancesTest>
    </IRS990ScheduleA>
    <IRS990ScheduleO documentId="00000003" softwareId="11000175">
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 16</Identifier>
        <Explanation>TRAVEL AND MEETING EXPENSE 195. TELEPHONE EXPENSE 2319. EQUIPMENT RENTAL 494. WORKERS' COMP. EXPENSE 307. MARKETING EXPENSE 1960. PAYROLL EXPENSE 1626. INSURANCE 456. WEBSITE EXPENSE 390. PARKING EXPENSE 2045. BANK FEES 1042. DUES AND SUBSCRIPTION EXPENSE 700.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>PREPAID EXPENSES 506. 1100. SECURITY DEPOSIT 590. 590. GRANT RECEIVABLE 2500. 15500.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 26</Identifier>
        <Explanation>ACCOUNTS PAYABLE 1325. 7992.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>