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Nonprofiteer
← ECONOMIC PROGRESS INSTITUTE

Form 990 for tax year 2022

Filed by ECONOMIC PROGRESS INSTITUTE.

Totals

Total revenue
$1,023,304
Total expenses
$689,201
Contributions and grants received
$889,329
Grants paid
$8,000
Program service revenue
$0
Investment income
$12,634
Other revenue
$121,341
Total assets, end of year
$886,869
Total liabilities, end of year
$36,528
Net assets or fund balances, end of year
$850,341
Program services expenses (Part IX)
$513,130
Management and general expenses
$117,330
Fundraising expenses
$58,741
Program service expenses (Part III)
$513,130

Program services were 74.5% 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

    $889,329

  • 3 · Investment income

    total $12,634 · excluded $12,634

  • 8a · Fundraising events: gross income

    $95,799

  • 8b · Fundraising events: direct expenses

    $11,658

  • 8c · Net income from fundraising events

    total $84,141

  • 11a · Other revenue: CONFERENCE

    total $37,200 · related or exempt $37,200

  • 11e · Other revenue, total

    $37,200

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,000 · program services $8,000

  • 5 · Compensation of officers, directors and key employees

    total $115,561 · program services $75,115 · management and general $28,890 · fundraising $11,556

  • 7 · Other salaries and wages

    total $309,098 · program services $247,599 · management and general $31,047 · fundraising $30,452

  • 8 · Pension plan contributions

    total $2,839 · program services $2,413 · management and general $256 · fundraising $170

  • 9 · Other employee benefits

    total $56,011 · program services $47,609 · management and general $5,041 · fundraising $3,361

  • 10 · Payroll taxes

    total $38,471 · program services $32,701 · management and general $3,462 · fundraising $2,308

  • 11b · Fees: legal

    total $172 · management and general $172

  • 11c · Fees: accounting

    total $11,740 · management and general $11,740

  • 11f · Fees: investment management

    total $1,588 · management and general $1,588

  • 11g · Fees: other

    total $73,740 · program services $50,525 · management and general $16,899 · fundraising $6,316

  • 13 · Office expenses

    total $6,806 · program services $3,333 · management and general $1,885 · fundraising $1,588

  • 14 · Information technology

    total $10,571 · program services $3,525 · management and general $6,634 · fundraising $412

  • 16 · Occupancy

    total $4,414 · management and general $4,414

  • 17 · Travel

    total $2,670 · program services $2,670

  • 19 · Conferences, conventions and meetings

    total $19,975 · program services $19,858 · management and general $108 · fundraising $9

  • 22 · Depreciation, depletion and amortization

    total $2,477 · management and general $2,477

  • 23 · Insurance

    total $4,643 · program services $3,946 · management and general $418 · fundraising $279

  • 24a · Other expenses: CONTRACTUAL EXPENSES

    total $16,235 · program services $12,987 · management and general $1,624 · fundraising $1,624

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $1,998 · program services $666 · management and general $666 · fundraising $666

  • 24c · Other expenses: SPONSORSHIP/ REGISTRATION

    total $1,831 · program services $1,831

  • 24d · Other expenses: SUBSCRIPTIONS

    total $330 · program services $330

  • 24e · All other expenses

    total $31 · program services $22 · management and general $9

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $438,934 · end of year $746,603

  • 3 · Pledges and grants receivable

    beginning of year $18,751 · end of year $18,751

  • 4 · Accounts receivable

    end of year $8,870

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,682

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

    $12,384

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

    $5,160

  • 10c · Land, buildings and equipment, net

    beginning of year $9,701 · end of year $7,224

  • 12 · Investments: other securities

    beginning of year $99,333 · end of year $105,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,888 · end of year $36,528

  • 19 · Deferred revenue

    beginning of year $27,275

  • 27 · Net assets without donor restrictions

    beginning of year $286,335 · end of year $444,969

  • 28 · Net assets with donor restrictions

    beginning of year $229,903 · end of year $405,372

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE ECONOMIC SECURITY OF LOW AND MODEST-INCOME RHODE ISLANDERS AND MONITOR AND ENCOURAGE THE DEVELOPMENT OF TAX AND BUDGET POLICIES THAT ARE EQUITABLE AND ADEQUATE TO FUND PUBLIC SERVICES.

Activities or mission (Part I)

THE INSTITUTE PROVIDES RESEARCH, POLICY ANALYSIS, PUBLIC EDUCATION AND ADVOCACY IN ORDER TO IMPROVE THE ECONOMIC SECURITY OF LOW AND MODEST-INCOME RHODE ISLANDERS AND MONITOR AND ENCOURAGE THE DEVELOPMENT OF TAX AND BUDGET POLICIES THAT ARE EQUITABLE AND ADEQUATE TO FUND PUBLIC SERVICES.

  • THE INSTITUTE INFORMS POLICY DEBATE WITH ACCURATE, DATA-DRIVEN ANALYSIS ABOUT THE ECONOMIC HEALTH OF RHODE ISLAND AND ITS RESIDENTS. WE SCRUTINIZE REVENUE AND SPENDING PROPOSALS TO DETERMINE HOW THEY WOULD AFFECT RHODE ISLANDER'S DAY-TO-DAY LIVES. WE PUT THIS INFORMATION INTO THE HANDS OF POLICYMAKERS, JOURNALISTS AND CONCERN CITIZENS TO PROMOTE,DEBATE AND ENCOURAGE SOUND DECISION-MAKING.

    Expenses $272,015 · Grants $8,000

  • THE INSTITUTE WORKS TO ENSURE THE EFFICACY AND SUSTANABILITY OF WORKER FRIENDLY WORK PLACE POLICIES SUCH AS PAID FAMILY LEAVE. RHODE ISLAND WAS A LEADER IN CREATING ONE OF THE NATION'S FIRST PAID LEAVE PROGRAMS FOR ITS WORKERS - THE TEMPORARY CAREGIVER INSURANCE PROGRAM (TCI) IN JANUARY 2014. WE WORK WITH COMMUNITY ORGANIZATIONS TO ENSURE INDIVIDUALS KNOW ABOUT PROGRAM AND THAT THE ADMINISTRATION OF THE PROGRAM WORKS FOR WORKERS. WE ALSO WORKED WITH A COALITION OF ORGANIZATIONS TO PROVIDE ECONOMIC POLICY ANALYSIS SHOWING WHY PAID SICK LEAVE ARE IMPORTANT, ESPECIALLY FOR LOWER- WAGE WORKERS AND WORKERS OF COLOR, AND HELPED EXPLAIN THE INTERSECTION AND IMPORTANCE OF RHODE ISLAND OFFERING BOTH PAID FAMILY LEAVE EARNED SICK DAYS.

    Expenses $94,865

  • THE INSTITUTE EDUCATES COMMUNITY-BASED WORKERS ABOUT THE WORK SUPPORTS THAT HELP FAMILIES MEET BASIC NEED THROUGH WRITTEN MATERIALS, IN-PERSON TRAINING AND ONLINE GUIDES TO ASSISTANCE. WE ALSO COLLABORATE WITH STATE AGENCIES TO IMPROVE THE DELIVERY OF SERVICES TO IMPROVE EFFICIENCY AND PROGRAM INTEGRITY.

    Expenses $146,250

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dwayne Keys

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Linda Shaw

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Collin E Bailey Esq

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jill Beckwith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Anna Cano Morales

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paola Fernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paula Hodges

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shideh Shafie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erica Hammond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Geraldine M Barclay-King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doris Blanchard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ana C Urena

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Maya Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Weayonnoh Nelson-Davies

    EXECUTIVE DI

    Total calculated
    $115,561
    From this org
    $115,561
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
27 March 2024
IRS schema version
2022v5.0
Source object
202440899349301144

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