2024-03-29T16:53:33-04:00 2023-09-30 264156406 WADOVICK & COMPANY 1300 DIVISION RD STE 104 WEST WARWICK RI 02893 990 2022-10-01 320295517 THE ECONOMIC PROGRESS INSTITUTE ECON 4014568512 600 MOUNT PLEASANT AVENUE PROVIDENCE RI 02908 WEAYONNOH NELSON-DAVIES EXECUTIVE DIRECTOR 4014568512 2024-03-27 true MARGAUX MORISSEAU XXX-XX-XXXX true JEFFREY D WADOVICK CPA P01204328 4018234004 2024-03-29 X 2022 2023-04-26 12:10:37Z WEAYONNOH NELSON-DAVIES 600 MT PLEASANT AVENUE BUILDING 9 PROVIDENCE RI 02908 1034962 false X WWW.ECONOMICPROGRESSRI.ORG X 2009 RI 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. 12 12 9 0 649296 889329 0 -12490 12634 6551 121341 643357 1023304 8000 0 536090 521980 0 58741 148409 159221 684499 689201 -41142 334103 568401 886869 52163 36528 516238 850341 X 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. false false 272015 8000 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. 94865 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. 146250 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. 513130 true true false true false false false false false true true true false false false true true false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false true 8 0 9 true false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false X X WEAYONNOH NELSON-DAVIES 4014568512 600 MT PLEASANT AVENUE BUILDING 9 PROVIDENCE RI 02908 DWAYNE KEYS CHAIR 1.00 X X 0 0 0 LINDA SHAW VICE CHAIR 1.00 X X 0 0 0 COLLIN E BAILEY ESQ TREASURER 1.00 X X 0 0 0 JILL BECKWITH SECRETARY 1.00 X X 0 0 0 ANNA CANO MORALES BOARD MEMBER 1.00 X 0 0 0 PAOLA FERNANDEZ BOARD MEMBER 1.00 X 0 0 0 PAULA HODGES BOARD MEMBER 1.00 X 0 0 0 SHIDEH SHAFIE BOARD MEMBER 1.00 X 0 0 0 ERICA HAMMOND BOARD MEMBER 1.00 X 0 0 0 GERALDINE M BARCLAY-KING BOARD MEMBER 1.00 X 0 0 0 DORIS BLANCHARD BOARD MEMBER 1.00 X 0 0 0 ANA C URENA BOARD MEMBER 1.00 X 0 0 0 JOSEPH MAYA RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 WEAYONNOH NELSON-DAVIES EXECUTIVE DI 40.00 X 115561 0 0 115561 1 false false false 889329 889329 12634 12634 95799 11658 84141 CONFERENCE 37200 37200 37200 1023304 37200 12634 X 8000 8000 115561 75115 28890 11556 309098 247599 31047 30452 2839 2413 256 170 56011 47609 5041 3361 38471 32701 3462 2308 172 172 11740 11740 1588 1588 73740 50525 16899 6316 6806 3333 1885 1588 10571 3525 6634 412 4414 4414 2670 2670 19975 19858 108 9 2477 2477 4643 3946 418 279 CONTRACTUAL EXPENSES 16235 12987 1624 1624 MISCELLANEOUS EXPENSES 1998 666 666 666 SPONSORSHIP/ REGISTRATION 1831 1831 SUBSCRIPTIONS 330 330 31 22 9 689201 513130 117330 58741 438934 746603 18751 18751 8870 1682 12384 5160 9701 7224 99333 105421 568401 886869 24888 36528 27275 52163 36528 X 286335 444969 229903 405372 516238 850341 568401 886869 334103 X X false true X true false X 614588 609471 646307 649296 889329 3408991 614588 609471 646307 649296 889329 3408991 653044 2755947 1715 6291 25961 -12490 12634 34111 23970 6423 14065 44458 3487560 153615 0.79020 0.89820 X PART II, LINE 10 44,458 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10315 13545 23860 665341 689201 128380 32095 111410 128580 127675 128380 496045 744068 12942 14884 63206 23860 114892 27853 32145 31919 32095 124012 186018 5318 6102 3210 10315 24945 99333 11508 4413 1007 105421 116569 -12073 4191 972 99333 95109 26405 4027 918 116569 94502 5447 3949 891 95109 97286 -2784 94502 1.00000 true false 12384 5160 7224 7224 OTHER SECURITIES 105421 F 105421 X 1023304 1023304 1023304 689201 689201 689201 SCHEDULE D, PAGE 3, PART X THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED A PRIVATE FOUNDATION. THE INSTITUTE EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY GAAP. THE INSTITUTE ANNUALLY FILES INTERNAL REVENUE SERVICE FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THE TAX AUTHORITIES USE TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. AS OF THE YEAR ENDED SEPTEMBER 30, 2023, THE INSTITUTE DOES NOT BELIEVE IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THERE ARE ANY REALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE INSTITUTE'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTION. AS OF THE YEAR ENDED SEPTEMBER 30, 2023, THE INSTITUTE'S INCOME TAX RETURNS REMAIN OPEN FOR THREE YEARS FROM THE DATE FILED WITH EACH TAXING JURISDICTION. THE INSTITUTE CURRENTLY HAS NO TAX EXAMINATIONS IN PROCESS. SCHEDULE D, PAGE 4, PART XIII THE ECONOMIC PROGRESS INSTITUTE EVALUATES ALL SIGNIFICANT TAX POSTITIONS AS REQUIRED BY GAAP. AS OF YEAR ENDED SEPTEMBER 30,2023, THE ORGANIZATION DOES NOT BELEIVE IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELEIVE THERE ARE ANY REALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE ECONOMIC PROGRESS INSTITUTE'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTION. AS OF YEAR ENDED SEPTEMBER 30,2023, THE ECONOMIC PROGRESS INSTITUTE'S INCOME TAX RETURNS REMAIN OPEN FOR THREE YEARS FROM THE DATE FILED WITH EACH TAXING JURISDICTION LEGACY EVENT 95799 95799 7000 1076 300 3282 95799 95799 7000 1076 300 3282 11658 84141 false RIPIN INC 300 JEFFERSON BLVD SUITE 300 WARWICK RI 02888 050457336 501C3 8000 PASS-THROUGH 1 FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT/FINANCE COMMITTEE. AFTER REVIEW AND APPROVAL BY MANAGEMENT/FINANCE COMMITTEE, IT IS FINALIZED AND A COPY IS PROVIDED TO ALL BOARD MEMBERS. AT THE SUBSEQUENT BOARDMEETING,MEMBERS ARE ASKED IF ANY QUESTIONS OR COMMENTS HAVE OCCURRED. AGENERAL REVIEW OF THE FORM IS CONDUCTED AND REVISIONS AND CORRECTIONS ARE MADE AS NECESSARY. SUBSEQUENT TO THIS MEETING, THE FORM IS SUBMITTED TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE INDIVIDUALS ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY, HAVE REPORTED ALL POTENTIAL CONFLICTS OF INTEREST DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE CURRENT YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD ANNUALLLY CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR (ED). THE BOARD'S REVIEW ALSO ESTABLISHES THE ED'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE ED'S EVALUATION AND A REVIEW OF COMPENSATION FOR THE POSITION WITHIN SIMILAR ORGANIZATIONS BASED ON THEIR FORM 990. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING. THE EXECUTIVE DIRECTOR (ED) ESTABLISHES THE COMPENSATION OF THE SENIOR MANAGEMENT TEAM AND REVIEWS THE PERFORMANCE EVALUATIONS. THE ED THEN RECOMMENDS COMPENSATION PACKAGES TO THE BOARD.ALTHOUGH THESE ITEMS ARE DISCUSSED WITH THE BOARD, NO VOTE OF APPROVAL OF THE EXECUTIVE DIRECTOR'S DECISION IS REQUIRED. FORM 990, PAGE 6, PART VI, LINE 15B THE INSTITUTE REVIEWS AND COMPARES SALARIES TO OTHER SIMILAR ORGANIZATIONS TO DETERMINE REASONABLNESS. THE BOARD OF DIRECTOR'S REVIEWS THE SALARIES AND APPROVES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATIONAND BY-LAWS), CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION WIL MAIL COPIESUPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR COPIES INACCORDANCE WITH IRS REGULATIONS. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEE 0 10,583 0 CONSULTING FEES 50,525 6,316 6,316 TOTAL 50,525 16,899 6,316 FORM 990, PART XII FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANTS. THIS PROCESS IS THE SAME AS PRIOR YEARS.