Non-profit

Beacon Hill Institute

Website:

beaconhill.org

Location:

Medway, MA

Tax ID:

26-6265950

Budget (2017):

Revenue: $198,466
Expenses: $163,069
Assets: $52,719

Formation:

2008

Type:

Non-profit

President:

David Tuerck

The Beacon Hill Institute (BHI) is a nonpartisan think tank that conducts local, state, and national economic public policy research. [1] BHI uses its economic and statistical models to analyze and recommend local and state tax policy in Massachusetts. [2]

The Beacon Hill Institute is an associate member of the State Policy Network, a coalition of free-market state-level policy organizations. [3]

Activity

The Beacon Hill Institute was established in 1991 as the research arm of the Department of Economics at Suffolk University and became an independent nonprofit in 2017. [4] The Beacon Hill Institute is a nonpartisan think tank that conducts local, state, and national economic public policy research. [5] BHI uses its economic and statistical models for local and state tax policy analysis, then makes policy recommendations based on that analysis. [6]

The Beacon Hill Institute developed STAMP, a computer program designed to perform tax policy simulations. The STAMP program allows researchers to analyze the effects of hypothetical tax policy changes on a given state’s economy. BHI uses STAMP for its own policy analysis and builds custom STAMP models for other research institutes and entities researching state tax policy. [7]

The Beacon Hill Institute publishes annual tax revenue estimates for Massachusetts, which it offers to the Massachusetts Executive Office of Administration and Finance and the Joint Ways and Means Committee. In the report, BHI makes predictions for the coming year’s state tax revenue; summarizes the state of the U.S. economy, including the unemployment rate, the GDP, and the state of equity markets; and offers a summary of the Massachusetts economy, including its economic growth rate, state output, and retail sales. [8]

In 2021, the BHI published its findings on the proposed Clean Energy and Climate Plan (CECP), which specifies carbon dioxide emissions reductions targets in order to achieve net-zero emissions in Massachusetts by 2050. BHI claims that instead of a zero-carbon goal, a carbon tax should be adopted in the U.S. and other countries in order to substantially reduce global carbon emissions. BHI further claims that a zero-carbon goal in Massachusetts would increase household energy costs without substantially impacting climate change. [9]

In 2020, BHI conducted a study of the costs associated with Massachusetts joining the Transportation and Climate Initiative (TCI), a left-of-center environmentalist coalition of states. BHI’s model claims that the costs associated with TCI would be significantly higher than initially reported. BHI’s model also shows that in order to reach TCI’s goal of a 25% reduction in carbon dioxide emissions, gas prices would increase 26 cents per gallon, diesel prices would increase 52 cents per gallon, and nearly 10,000 private sector jobs would disappear. This study was commissioned by the Fiscal Alliance Foundation, a right-of-center nonprofit organization. [10]

Funding

The Beacon Hill Institute is funded by donations from individuals, foundations, and corporations. While BHI does not disclose its donors, tax filings show donations from the Roe Foundation, which contributed between 2001 and 2015;[11] Donors Capital Fund, which contributed between 2007 and 2009;[12] and the State Policy Network, which contributed between 2007 and 2011. [13]

People

David Tuerck is the president and former executive director of the Beacon Hill Institute. Tuerck formerly worked as the director of the Center for Research and Advertising at the American Enterprise Institute. [14]

Michael Williams sits as treasurer of the BHI board. Williams formerly served on the advisory committee to the U.S. Commission on Civil Rights and as staff counsel for Citizens for the Preservation of Constitutional Rights. [15]

References

  1. “Mission and Vision.” The Beacon Hill Institute for Public Policy Research, 2021. Accessed March 28, 2021. https://beaconhill.org/mission-vision/. ^
  2. “History.” The Beacon Hill Institute for Public Policy Research, 2021. Accessed March 28, 2021.  https://beaconhill.org/history/. ^
  3. “The Network: Massachusetts.” State Policy Network, 2021. Accessed March 26, 2021. https://spn.org/directory/#MA. ^
  4. “History.” The Beacon Hill Institute for Public Policy Research, 2021. Accessed March 28, 2021.  https://beaconhill.org/history/. ^
  5. “Mission and Vision.” The Beacon Hill Institute for Public Policy Research, 2021. Accessed March 28, 2021. https://beaconhill.org/mission-vision/. ^
  6. “History.” The Beacon Hill Institute for Public Policy Research, 2021. Accessed March 28, 2021.  https://beaconhill.org/history/. ^
  7. “The Economics of STAMP.” The Beacon Hill Institute for Public Policy Research, 2021. Accessed March 28, 2021. https://beaconhill.org/the-economics-of-stamp/. ^
  8. “Massachusetts Tax Revenue Forecasts for FY 2020 and FY 2021.” The Beacon Hill Institute for Public Policy Research, December 4, 2019. Accessed March 28, 2021. https://www.beaconhill.org/RevenueForecastsBHI/FY20-FY21/Final-BHIRevenueEstimatesFY20-21.pdf. ^
  9. Tuerck, David G., PhD and Gordon, Kerstin E., BA. “Zero Massachusetts C02 Emissions by 2050? Rethinking Climate Policy in the Bay State.” The Beacon Hill Institute for Public Policy Research, March 2021. Accessed March 28, 2021. https://www.beaconhill.org/BHIStudies/2021-Studies/BHI-ZeroCarbon-2050-March-15-2021.pdf. ^
  10. “New Study: TCI Costs Higher than Initially Reported.” Fiscal Alliance Foundation, March 10, 2020. Accessed March 29, 2021. https://www.fiscalalliancefoundation.org/study-tci-costs-higher-than-initially-reported. ^
  11. Roe Foundation, Return of Private Foundation (Form 990-PF), 2001-2015, Part XV, Line 3a. ^
  12. Donors Capital Fund, Return of Organization Exempt from Income Tax (Form 990), 2007-2009, Schedule I, Part II. ^
  13. State Policy Network, Return of Organization Exempt from Income Tax (Form 990), 2007-2011, Schedule I, Part II. ^
  14. “David Tuerck.” LinkedIn, 2021. Accessed March 28, 2021. https://www.linkedin.com/in/david-tuerck-226504/. ^
  15. “Michael Williams.” LinkedIn, 2021. Accessed March 28, 2021. https://www.linkedin.com/in/michael-williams-76848313/. ^

Coalition Memberships

  1. State Policy Network (SPN)
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: August 1, 2008

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2017 Dec Form 990EZ $198,466 $163,069 $52,719 $1,970 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Beacon Hill Institute

    165 MAIN ST UNIT 306
    Medway, MA 02053-1584