Economic Policy Institute
- Assets
- $21.9m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Washington, DC
- Founding
- 09/1985
- Data as of
- 12/2023
- 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 12/2023, Economic Policy Institute employed 58 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 12/2023, Economic Policy Institute generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $12.1m during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 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 150 individual grants totaling $9,071,491. 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
2023
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Shierholz President | OfficerTrustee | 39.7 | $209,231 |
Elizabeth H Shuler Chair | OfficerTrustee | 0.1 | $0 |
Julianne Malveaux Vice Chair | OfficerTrustee | 0.1 | $0 |
Teresa Ghilarducci Secretary | OfficerTrustee | 0.1 | $0 |
Gary Bass Treasurer | OfficerTrustee | 0.1 | $0 |
Nina Banks Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,968,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,968,002 |
| Total Program Service Revenue | $1,800 |
| Investment income | $63,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $47,735 |
| Net Rental Income | $63,714 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $95 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,155,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,081,860 |
| 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. | $240,533 |
| Compensation of current officers, directors, key employees. | $40,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,982,305 |
| Pension plan accruals and contributions | $382,378 |
| Other employee benefits | $338,667 |
| Payroll taxes | $417,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,863 |
| Fees for services: Accounting | $43,871 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,096 |
| Fees for services: Other | $693,900 |
| Advertising and promotion | $18,456 |
| Office expenses | $202,459 |
| Information technology | $225,720 |
| Royalties | $146 |
| Occupancy | $960,578 |
| Travel | $40,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223,649 |
| Interest | $651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,525 |
| Insurance | $16,224 |
| All other expenses | $0 |
| Total functional expenses | $12,114,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,528,156 |
| Savings and temporary cash investments | $11,907 |
| Pledges and grants receivable | $7,217,456 |
| Accounts receivable, net | $25,642 |
| 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 | $133,013 |
| Net Land, buildings, and equipment | $312,094 |
| Investments—publicly traded securities | $914,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,769,752 |
| Total assets | $21,912,270 |
| Accounts payable and accrued expenses | $798,911 |
| 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 | $3,175,236 |
| Total liabilities | $3,974,147 |
| Net assets without donor restrictions | $4,128,042 |
| Net assets with donor restrictions | $13,810,081 |
| 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 | $21,912,270 |
Grants Awarded
Over the last fiscal year, Economic Policy Institute has awarded $3,061,119 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BARRED BUSINESS PURPOSE: EDUCATIONAL RESEARCH | $15,000 |
ALABAMA ARISE PURPOSE: EDUCATIONAL RESEARCH | $157,385 |
ARKANSAS PUBLIC POLICY PANEL PURPOSE: EDUCATIONAL RESEARCH | $25,718 |
ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES PURPOSE: EDUCATIONAL RESEARCH | $125,718 |
CENTER FOR PUBLIC POLICY PRIORITIES PURPOSE: EDUCATIONAL RESEARCH | $100,000 |
CENTER FOR WORKER JUSTICE OF EASTERN IOWA PURPOSE: EDUCATIONAL RESEARCH | $7,158 |