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Florida · Nonprofit

THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC

THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC (Florida) receives grants from 90 organizations whose IRS filings report $10,078,018 to it, the largest being THE DURDEN FOUNDATION INC ($1,750,000). 56 of them have funded it in more than one year.

Revenue FY2025
$3.6M
Funders on record
90
Grants received
$10M
Net assets
$2.0M
56/90 repeat funderspeak grant-dependency 68%
01What it does

What The James Madison Institute for Public Policy Studies Inc does

Mission

The mission of the james madison institute is to inform the citizens of florida about their government and to ensure the future of the state by advancing free-market ideas pertaining to the issues of public policy.

As stated on its FY2025 Form 990.

Programs

  1. Researchers produce independent, non-partisan reports to inform the citizens of florida about ideas that are rooted in a belief in the u.s. Constitution and such timeless ideals as limited government, economic freedom, federalism, and individual liberty coupled with individual responsibility. These reports include one edition of the journal of the james madison institute, seven issues of policy briefs, two issues of the messenger newsletter, biweekly emails, and multiple, additional, incidental publications as needed. These publications are routinely distributed to institute members, legislators, policy makers, and media, as well as made available to the general public at events, on their website,or upon request.

    $1,746,264 spent
    82% of program spending
  2. In 2025, jmi held a tech summit event and the institute held approximately 179 civics-related events; policy events; and stanley marshall day, a celebration of stanley marshall. The institute staff members also participate in numerous conferences both statewide and nationally. All these events serve multiple purposes such as outreach, public policy and/or civics education, membership building,networking, etc.

    $372,356 spent
    18% of program spending

The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,118,620.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended.

100 = 20182018 Revenue 100 ($1.5M) Expenses 100 ($1.6M) Net assets 100 ($455k)2020 Revenue 115 ($1.7M) Expenses 106 ($1.7M) Net assets 165 ($748k)2021 Revenue 157 ($2.4M) Expenses 115 ($1.9M) Net assets 305 ($1.4M)2022 Revenue 138 ($2.1M) Expenses 132 ($2.1M) Net assets 287 ($1.3M)2023 Revenue 181 ($2.7M) Expenses 171 ($2.8M) Net assets 284 ($1.3M)2024 Revenue 204 ($3.1M) Expenses 181 ($2.9M) Net assets 354 ($1.6M)2025 Revenue 238 ($3.6M) Expenses 206 ($3.3M) Net assets 431 ($2.0M)
2018202020212022202320242025
Revenue (238)Expenses (206)Net assets (431)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.7M to $2.3M (+34%).

$1.6M
$1.7M
$2.3M
$2.2M
$2.2M
$2.3M
$2.6M
2018202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

−$96k
’18
$22k
’20
$523k
’21
−$26k
’22
−$10k
’23
$179k
’24
$290k
’25
2.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Jeffrey V Swain

Chairman

As listed on its FY2025 Form 990.

2018202020212022202320242025
Listed11101110101111
Joined··+2+0+0+1+0
No longer listed··11000
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 20 funders to 52 funders, grant income rose $397k → $1.7M.

13 of 90 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 23% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC’s funders (the co-funder graph). Top 30 of 90 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC has a broad base — no single funder exceeds 17% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

40% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC.

17%
largest funder
36%
top three
~14
effective funders

Largest funder’s share by year: 2017 42% · 2018 47% · 2019 25% · 2020 20% · 2021 20% · 2022 20% · 2023 15% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

58% of THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC's funders are still giving 3 years after their first grant; 62% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC draws 58% of its grant income from funders outside Florida, across 19 states in all.

NH
IL
WI
MI
NY
OR
PA
NJ
CA
UT
CO
VA
MD
DE
KS
SC
DC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. $2.4M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

64% of spending goes to programs.

Program 64%Management 6%Fundraising 30%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

96%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

FL

Screen this organization

A dated, signed PDF of the compliance screen for THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC?
THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC (Florida) receives grants from 90 organizations whose IRS filings report $10,078,018 to it, the largest being THE DURDEN FOUNDATION INC ($1,750,000). 56 of them have funded it in more than one year.
How many funders does THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC have?
IRS filings report 90 organizations giving $10,078,018 in grants to THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC, 56 of which have funded it in more than one year.
Who is the largest funder of THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC?
THE DURDEN FOUNDATION INC is the largest funder on record, with $1,750,000 in grants. The full list of funders is on this page.
How can an organization like THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds James Madison Institute for Public Policy Studies →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 90 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing