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Nonprofiteer
← ECONOMIC POLICY INSTITUTE

Form 990 for tax year 2023

Filed by ECONOMIC POLICY INSTITUTE.

Totals

Total revenue
$16,155,263
Total expenses
$12,114,104
Contributions and grants received
$15,968,002
Grants paid
$3,081,860
Program service revenue
$1,800
Investment income
$63,834
Other revenue
$121,627
Total assets, end of year
$21,912,270
Total liabilities, end of year
$3,974,147
Net assets or fund balances, end of year
$17,938,123
Program services expenses (Part IX)
$9,550,554
Management and general expenses
$1,907,855
Fundraising expenses
$655,695
Program service expenses (Part III)
$9,550,554

Program services were 78.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $15,968,002

  • 2a · Program service revenue: HONORARIA

    total $1,800 · related or exempt $1,800

  • 3 · Investment income

    total $63,834 · excluded $63,834

  • 5 · Royalties

    total $47,735 · excluded $47,735

  • 6a · Gross rents

    real property $63,714

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $63,714

  • 6d · Net rental income or loss

    total $63,714 · excluded $63,714

  • 10a · Gross sales of inventory

    $95

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $95 · related or exempt $95

  • 11a · Other revenue: OTHER REVENUE

    total $10,083 · excluded $10,083

  • 11e · Other revenue, total

    $10,083

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,081,860 · program services $3,081,860

  • 5 · Compensation of officers, directors and key employees

    total $240,533 · program services $182,050 · management and general $40,496 · fundraising $17,987

  • 7 · Other salaries and wages

    total $4,982,305 · program services $3,770,911 · management and general $838,811 · fundraising $372,583

  • 8 · Pension plan contributions

    total $382,378 · program services $296,923 · management and general $64,130 · fundraising $21,325

  • 9 · Other employee benefits

    total $338,667 · program services $262,898 · management and general $56,802 · fundraising $18,967

  • 10 · Payroll taxes

    total $417,247 · program services $323,604 · management and general $69,991 · fundraising $23,652

  • 11b · Fees: legal

    total $2,863 · program services $1,014 · management and general $1,433 · fundraising $416

  • 11c · Fees: accounting

    total $43,871 · program services $15,539 · management and general $21,960 · fundraising $6,372

  • 11f · Fees: investment management

    total $7,096 · management and general $7,096

  • 11g · Fees: other

    total $693,900 · program services $245,777 · management and general $347,337 · fundraising $100,786

  • 12 · Advertising and promotion

    total $18,456 · program services $18,456

  • 13 · Office expenses

    total $202,459 · program services $87,573 · management and general $101,830 · fundraising $13,056

  • 14 · Information technology

    total $225,720 · program services $108,336 · management and general $104,044 · fundraising $13,340

  • 15 · Royalties

    total $146 · program services $109 · management and general $37

  • 16 · Occupancy

    total $960,578 · program services $746,772 · management and general $163,775 · fundraising $50,031

  • 17 · Travel

    total $40,992 · program services $34,226 · management and general $6,131 · fundraising $635

  • 19 · Conferences, conventions and meetings

    total $223,649 · program services $213,645 · management and general $10,004

  • 20 · Interest

    total $651 · management and general $651

  • 22 · Depreciation, depletion and amortization

    total $116,525 · program services $91,095 · management and general $19,285 · fundraising $6,145

  • 23 · Insurance

    total $16,224 · program services $7,787 · management and general $7,478 · fundraising $959

  • 24a · Other expenses: SUBSCRIPTIONS

    total $51,207 · program services $37,837 · management and general $6,619 · fundraising $6,751

  • 24b · Other expenses: PAYROLL PROCESSING FEES

    total $36,194 · program services $17,372 · management and general $16,683 · fundraising $2,139

  • 24c · Other expenses: STAFF DEV. & EVENTS

    total $30,583 · program services $6,770 · management and general $23,262 · fundraising $551

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,113,277 · end of year $10,528,156

  • 2 · Savings and temporary cash investments

    beginning of year $10,768 · end of year $11,907

  • 3 · Pledges and grants receivable

    beginning of year $5,539,583 · end of year $7,217,456

  • 4 · Accounts receivable

    beginning of year $31,925 · end of year $25,642

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,861 · end of year $133,013

  • 10a · Land, buildings and equipment: cost or other basis

    $1,394,174

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,082,080

  • 10c · Land, buildings and equipment, net

    beginning of year $383,743 · end of year $312,094

  • 11 · Investments: publicly traded securities

    beginning of year $845,391 · end of year $914,250

  • 15 · Other assets

    beginning of year $3,616,656 · end of year $2,769,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $661,414 · end of year $798,911

  • 25 · Other liabilities

    beginning of year $4,148,920 · end of year $3,175,236

  • 27 · Net assets without donor restrictions

    beginning of year $3,606,732 · end of year $4,128,042

  • 28 · Net assets with donor restrictions

    beginning of year $10,213,138 · end of year $13,810,081

Mission and programs · 2023

Mission

EPI IS A LEADER IN THE MOVEMENT FOR ECONOMIC JUSTICE. WE USE THE TOOLS OF ECONOMICS TO WIN POLICY CHANGE THAT ADVANCES POWER FOR WORKERS, ECONOMIC SECURITY FOR FAMILIES, AND RACIAL AND GENDER EQUITY IN OUR NATION. (SEE SCHEDULE O FOR CONTINUATION)EPI'S RIGOROUS RESEARCH AND TRANSFORMATIVE IDEAS FORTIFY WORKER ORGANIZING, BUILD A SHARED UNDERSTANDING OF HOW POWER AND POLICY SHAPE ECONOMIC OUTCOMES, AND DRIVE PROGRESSIVE POLICY CHANGE AT EVERY LEVEL OF GOVERNMENT.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • ECONOMIC ANALYSIS AND RESEARCH NETWORK (EARN): EARN IS A NATIONWIDE NETWORK OF ORGANIZATIONS ADVANCING AN INCLUSIVE, WORKER CENTERED ECONOMY THROUGH STATE AND LOCAL POLICY CHANGE AND RIGOROUS RESEARCH. WE PRODUCE RESEARCH AND POLICY ANALYSIS TO HELP OUR PARTNERS MAKE THE ECONOMIC CASE FOR POLICIES THAT WILL CREATE A MORE WORKER CENTERED, EQUITABLE ECONOMY.

    Expenses $4,846,066 · Grants $3,081,860

  • RESEARCH: EPI PRODUCES THE HIGHEST QUALITY RESEARCH AND POLICY ANALYSIS, WIELDING THE TOOLS OF ECONOMICS TO ADVANCE THE INTERESTS OF WORKING FAMILIES. AREAS OF RESEARCH INCLUDE LABOR STANDARDS, MACROECONOMICS, IMMIGRATION POLICY, RETIREMENT SECURITY, FISCAL POLICY, AND TRADE POLICY.

    Expenses $1,830,935

  • PROGRAM ON RACE, ETHNICITY, AND THE ECONOMY (PREE): PREE EXPLORES AND EXPLAINS HOW RACE, ETHNICITY, AND CLASS INTERSECT TO AFFECT ECONOMIC OUTCOMES IN THE UNITED STATES. THIS IS DONE THROUGH RESEARCH, POLICY PAPERS, WORKSHOPS, SPEAKER SERIES, OTHER CONVENINGS, AND SOCIAL MEDIA.

    Expenses $1,074,502

  • POLICY: EPI USES POLICY ANALYSIS AND ADVOCACY TO BUILD POWER FOR WORKING PEOPLE. WE PARTNER WITH NATIONAL AND STATE GRASSROOTS ACTIVISTS, ADVOCACY ORGANIZATIONS, ACADEMICS, AND LABOR UNIONS TO ADVANCE ECONOMIC, RACIAL, AND GENDER JUSTICE. OUR EXPERTS PROVIDE TESTIMONY, SPEECHES, AND PRESENTATIONS AND PRODUCE ANALYSES AND REPORTS ON A VARIETY OF ISSUES FACING WORKERS.

    Expenses $1,027,229 · Revenue $1,800

  • COMMUNICATIONS AND PUBLIC OUTREACH: EFFECTIVELY COMMUNICATES ITS IN-DEPTH RESEARCH AND POLICY ANALYSIS IN WAYS THAT CAN BE UNDERSTOOD AND SHARED BY A VARIETY OF AUDIENCES. EPI USES PODCASTS, VIDEO EXPLAINERS, AND SOCIAL MEDIA TO SHARE OUR RESEARCH AND POLICY ANALYSIS AND RECOMMENDATIONS.

    Expenses $771,822 · Revenue $95

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Heidi Shierholz

    PRESIDENT

    Total calculated
    $241,544
    From this org
    $209,231
    From related orgs
    $0
    Other
    $32,313
    Hours/week
    39.7 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $209,231
    Bonus
    $0
    Other
    $0
    Deferred
    $19,354
    Nontaxable benefits
    $12,959
    Filer's total
    $241,544

  • Elizabeth H Shuler

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Julianne Malveaux

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Teresa Ghilarducci

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Gary Bass

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Nina Banks

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Tom Conway

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Hector R Cordero-Guzman

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Ernesto J Cortes Jr

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Ray Curry

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Keith Ellison

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Jeff Faux

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Jocelyn Frye

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Jose Garza

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Elise Gould

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Jacob Hacker

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mary Kay Henry

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Johnson

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Kuttner

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Wilma Liebman

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Lisa Lynch

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Martinez

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Manuel Pastor

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Lori Pelletier

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Becky Pringle

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Lee Saunders

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Christopher Shelton

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Randi Weingarten

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Naomi Walker

    VICE PRESIDENT

    Total calculated
    $229,083
    From this org
    $197,437
    From related orgs
    $0
    Other
    $31,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,437
    Bonus
    $0
    Other
    $0
    Deferred
    $18,263
    Nontaxable benefits
    $13,383
    Filer's total
    $229,083

  • Lyle J Bivens

    CHIEF ECONOMIST/DIR. RESEARCH

    Total calculated
    $220,859
    From this org
    $190,434
    From related orgs
    $0
    Other
    $30,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,434
    Bonus
    $0
    Other
    $0
    Deferred
    $17,615
    Nontaxable benefits
    $12,810
    Filer's total
    $220,859

  • Celine McNicholas

    DIR. POLICY, GENERAL COUNSEL

    Total calculated
    $210,537
    From this org
    $183,189
    From related orgs
    $0
    Other
    $27,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,189
    Bonus
    $0
    Other
    $0
    Deferred
    $16,945
    Nontaxable benefits
    $10,403
    Filer's total
    $210,537

  • Eve E Tahmincioglu

    DIR COMMUNICATIONS

    Total calculated
    $205,414
    From this org
    $172,598
    From related orgs
    $0
    Other
    $32,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,598
    Bonus
    $0
    Other
    $0
    Deferred
    $15,965
    Nontaxable benefits
    $16,851
    Filer's total
    $205,414

  • Valerie R Wilson

    DIR OF PREE

    Total calculated
    $196,624
    From this org
    $169,531
    From related orgs
    $0
    Other
    $27,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,531
    Bonus
    $0
    Other
    $0
    Deferred
    $15,682
    Nontaxable benefits
    $11,411
    Filer's total
    $196,624

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • EPI ACTION

    501(C)(4) · LOBBYING TO INFLUENCE ACTION ON SPECIFIC ECONOMIC POLICY ISSUES · DC · controlled entity

    Directly controlled by ECONOMIC POLICY INSTITUTE

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.1
Source object
202422419349300312

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