Economic Policy Institute
- Assets
- $19.5m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 62
- Location
- Washington, DC
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 52-1368964
Organization Overview
Economic Policy Institute is located in Washington, DC. The organization was established in 1985. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, Economic Policy Institute employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Policy Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Economic Policy Institute generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $10.4m during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Economic Policy Institute has awarded 60 individual grants totaling $2,549,794. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Shierholz Dir. Pol., Then Pres (trans. @ 8/21) | OfficerTrustee | 39.7 | $173,052 |
Naomi Walker Vice President | 40 | $169,469 | |
Arlene Williams Dir. Of Dev. & Strategic Planning | 40 | $168,586 | |
John Schmitt Sr. Economist & Sr. Advisor | 39.7 | $167,049 | |
Celine Mcnicholas Dir., Gov't Affairs & Labor Counsel | 39.9 | $162,231 | |
Lyle J Bivens Director Of Research | 39.9 | $157,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,206,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,234,706 |
| Total Program Service Revenue | $1,381 |
| Investment income | $132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $115,912 |
| Net Rental Income | $97,327 |
| Net Gain/Loss on Asset Sales | -$843 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,725 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,459,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,915,881 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $471,546 |
| Compensation of current officers, directors, key employees. | $35,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,552,541 |
| Pension plan accruals and contributions | $355,227 |
| Other employee benefits | $417,709 |
| Payroll taxes | $405,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,968 |
| Fees for services: Accounting | $29,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $586 |
| Fees for services: Other | $485,012 |
| Advertising and promotion | $3,354 |
| Office expenses | $113,671 |
| Information technology | $252,828 |
| Royalties | $77,619 |
| Occupancy | $939,642 |
| Travel | $6,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,896 |
| Insurance | $10,276 |
| All other expenses | $0 |
| Total functional expenses | $10,418,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,128,688 |
| Savings and temporary cash investments | $6,555 |
| Pledges and grants receivable | $8,425,744 |
| Accounts receivable, net | $101,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $130,639 |
| Net Land, buildings, and equipment | $485,203 |
| Investments—publicly traded securities | $996,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $235,435 |
| Total assets | $19,510,723 |
| Accounts payable and accrued expenses | $828,165 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $682,729 |
| Total liabilities | $1,510,894 |
| Net assets without donor restrictions | $3,325,171 |
| Net assets with donor restrictions | $14,674,658 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,510,723 |
Grants Awarded
Over the last fiscal year, Economic Policy Institute has awarded $1,913,979 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: EDUCATIONAL RESEARCH | $144,250 |
St Louis, MO PURPOSE: EDUCATIONAL RESEARCH | $116,748 |
Little Rock, AR PURPOSE: EDUCATIONAL RESEARCH | $108,569 |
Cleveland, OH PURPOSE: EDUCATIONAL RESEARCH | $105,000 |
Austin, TX PURPOSE: EDUCATIONAL RESEARCH | $100,000 |
Montgomery, AL PURPOSE: EDUCATIONAL RESEARCH | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that Economic Policy Institute has recieved totaling $8,985,586.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF STRENGTHENING THE CAPACITY OF ECONOMIC ANALYSIS AND RESEARCH NETWORK (EARN) GROUPS IN KEY STATES TO ADVANCE A COMPELLING WORKER-CENTERED AGENDA ROOTED IN RACIAL AND GENDER EQUITY. | $3,000,000 |
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF STRENGTHENING THE CAPACITY OF ECONOMIC ANALYSIS AND RESEARCH NETWORK (EARN) GROUPS IN KEY STATES TO ADVANCE A COMPELLING WORKER-CENTERED AGENDA ROOTED IN RACIAL AND GENDER EQUITY. | $1,000,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR EARN NETWORK, A CROSS-STATE INITIATIVE TO DEVELOP A PRAGMATIC, BUT ASPIRATIONAL AGENDA FOR IMPROVING ECONOMIC CONDITIONS FOR WORKING FAMILIES IN THE SOUTH. | $805,065 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT AND CORE SUPPORT FOR INSTITUTIONAL STRENGTHENING | $675,000 |
Bernard And Anne Spitzer Charitable Tr New York, NY PURPOSE: GENERAL PURPOSE AND LABOR STANDARDS ENFORCEMENT PROJECT | $650,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $485,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercatus Center Inc Arlington, VA | $43,899,623 | $50,106,510 |
Atlas Economic Research Foundation Arlington, VA | $16,820,562 | $19,446,645 |
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
Economic Policy Institute Washington, DC | $19,510,723 | $16,459,436 |
Washington Center For Equitable Growth Inc Washington, DC | $11,979,868 | $8,578,592 |
The Economic Club Of Washington Dc Washington, DC | $12,647,182 | $5,525,813 |
Better Markets Inc Washington, DC | $2,865,112 | $2,225,155 |
Partnership For A New American Economy Research Fund Inc Washington, DC | $0 | $2,102,379 |
The Institute For Financial Markets Washington, DC | $6,341,875 | $527,039 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |
Maryland Center On Economic Policy Inc Baltimore, MD | $515,217 | $676,248 |
International Freedom Educational Foundation Mc Lean, VA | $100,274 | $526,748 |