State Policy Network Core Financials SPN Group (State: Most Recent IRS Filing Year) Total Revenue Alabama Policy Institute (AL: 2017) Alaska Policy Forum (AK: 2016) Goldwater Institute (AZ: 2017) Net Assets Total Expenses 1,076,626 1,190,677 496,209 23,916 32,239 95,133 6,420,673 6,186,952 5,232,339 Advance Arkansas Institute (AR: 2017) 175,384 226,202 50,868 Arkansas Policy Foundation (AR: 2017) 105,657 104,077 3771 California Policy Center (CA: 2018) 1,313,416 1,227,312 506,676 Pacific Research Institute (CA: 2017) 4,716,157 6,339,545 13,323,098 Independence Institute (CO: 2017) 2,230,351 2,782,204 4,060,566 Yankee Institute for Public Policy (CT: 2017) 1,497,661 1,480,140 426,377 119,563 210,183 -26 Foundation for Government Accountability (FL: 2017) 6,675,803 5,907,581 2,101,998 James Madison Institute (FL: 2017) 1,145,430 1,454,224 1,637,118 Georgia Center for Opportunity (GA: 2017) 2,228,462 2,094,224 1,141,743 Georgia Public Policy Foundation (GA: 2017) 482,911 441,315 222,986 Grassroot Institute of Hawaii (HI: 2016) 515,849 511,018 15,525 Idaho Freedom Foundation (ID: 2017) 763,312 697,821 721,736 8,560,352 8,692,900 808,841 105,158 108,586 8,526 7,363 4,003 97,995 962,348 763,035 421,383 Caesar Rodney Institute (DE: 2016) Illinois Policy Institute (IL: 2017) Indiana Policy Review Foundation (IN: 2017) Tax Education Foundation (IA: 2016) Kansas Policy Institute (KS: 2017) Bluegrass Institute for Public Policy Solutions (KY: 2017) Pegasus Institute (KY) 280,362 NA 294,319 NA -13,957 NA Pelican Institute for Public Policy (LA: 2017) 822,459 492,322 374,727 Maine Heritage Policy Center (ME: 2017) 650,843 631,379 95,851 Maryland Public Policy Institute (MD: 2017) 889,311 406,308 405,795 Pioneer Institute (MA: 2017) 2,028,523 2,124,432 3,505,483 Mackinac Center (MI: 2017) 8,513,761 6,620,239 11,234,925 Center of the American Experiment (MN: 2017) 2,347,714 2,247,617 916,797 Freedom Foundation of Minnesota (MN: 2017) 362,987 364,627 39,306 Empower Mississippi Foundation (MS-2017) 398,811 443,499 25,982 Mississippi Center for Public Policy (MS-2017) 655,820 733,270 191,401 1,777,870 1,428,232 1,936,758 Show-Me Institute (MO-2017) Montana Policy Institute (MT-2016) 59,650 95,636 48,794 Platte Institute for Economic Research (NE-2017) 849,642 829,246 209,248 Nevada Policy Research Institute (NV-2017) 818,995 959,664 427,464 Granite Institute (NH-2016) 82,671 58,779 25,083 Josiah Bartlett Center for Public Policy (NH-2014) 208,143 221,553 0 Garden State Initiative (NJ-2017) 430,113 198,610 231,503 Rio Grande Foundation (NM-2017) 285,079 248,501 116,455 Empire Center for Public Policy (NY-2016) 647,789 907,486 408,441 Civitas Institute (NC-2017) 1,707,292 1,746,957 808,676 John Locke Foundation (NC-2017) 3,728,543 3,631,821 1,161,283 Roughrider Policy Center (ND) NA NA NA The Buckeye Institute (OH-2017) 2,906,559 1,769,575 2,049,012 Oklahoma Council of Public Affairs (OK-2017) 2,889,879 2,486,740 4,434,048 746,693 641,377 923,721 Cascade Policy Institute (OR-2018) Commonwealth Foundation for Public Policy Alternatives (PA-2016) 3,486,350 2,993,022 878,079 Rhode Island Center for Freedom and Prosperity (RI-2016) 197,055 241,833 191,066 Palmetto Promise Institute (SC-2018) 560,539 505,612 201,698 32,625 13,625 96,375 Great Plains Public Policy Institute (SD-2007) Beacon Center of Tennessee (TN-2017) 1,069,094 1,247,489 356,100 12,107,649 11,303,061 14,377,432 Libertas Institute (UT-2017) 1,637,971 1,512,579 304,033 Sutherland Institute (UT-2017) 1,063,813 1,043,746 12,181 Ethan Allen Institute (VT-2017) 219,586 188,252 101,608 Thomas Jefferson Institute for Public Policy (VA-2017) 241,113 246,278 -14,856 Virginia Institute for Public Policy (VA-2017) 106,613 180,501 85,422 Freedom Foundation (WA-2017) 4,635,461 5,189,630 1,043,149 Washington Policy Center (WA-2017) 2,988,079 2,628,708 2,984,398 337,199 235,416 199,201 1,303,609 1,008,939 3,072,303 Texas Public Policy Foundation (TX-2017) Cardinal Institute (WV-2017) Badger Institute (WI-2017) MacIver Institute for Public Policy (WI-2016) 337,711 495,572 167,182 Wisconsin Institute for Law & Liberty (WI-2017) 2,117,912 1,907,460 3,161,576 Wyoming Liberty Group (WY-2017) 1,567,768 1,292,055 462,648 $13,270,262 $12,797,260 $4,919,739 State Policy Network (DC-2017) TOTAL 120,496,310 115,067,465 93,528,992