2025-10-03T14:20:24-05:00 2024-12-31 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2024-01-01 932029728 ECONOMIC POLICY INNOVATION CENTER INC ECON 2028788956 316 PENNSYLVANIA AVE SE 501 WASHINGTON DC 200031169 DR PAUL WINFREE PRESIDENT & CEO/DIRECTOR 2028788956 2025-10-03 1 1 X JENNIFER S HAN P00633304 2022937000 2025-10-03 2024 2025-03-06 01:10:19Z X DR PAUL WINFREE 316 PENNSYLVANIA AVE SE 501 WASHINGTON DC 200031169 2662898 0 X WWW.EPICFORAMERICA.ORG X 2023 DE TO DEVELOP & PROMOTE ACTIONABLE ECONOMIC POLICIES THAT ADVANCE A FREE AND PROSPEROUS AMERICA. 5 4 5 4 0 0 1600205 2660898 0 0 0 0 94 2000 1600299 2662898 0 0 0 0 218313 1313797 0 0 96332 135223 1033753 353536 2347550 1246763 315348 1250437 1616198 3674 54087 1246763 1562111 X ECONOMIC POLICY INNOVATION CENTER, INC.'S (EPIC) MISSION IS TO SUPPORT AND SPONSOR RESEARCH ON ECONOMIC ISSUES, AND TO DEVELOP PROPOSALS FOR IMPROVEMENT OF THE U.S. ECONOMY IN THE INTEREST OF THE CITIZENS AT LARGE. IN FURTHERANCE OF THIS MISSION, EPIC PUBLISHES AND DISTRIBUTES RESEARCH RESULTS AND OTHER EDUCATIONAL AND POLICY-ORIENTED CONTENT. 0 0 1723056 EPIC SUPPORTS A FREE AND OPEN SOCIETY THAT PROMOTES ECONOMIC ABUNDANCE AND OPPORTUNITY FOR ALL CITIZENS. EPIC DEVELOPS AND PROMOTES AN ECONOMIC POLICY AGENDA THAT ADVANCES A FREE AND PROSPEROUS AMERICA BY DELIVERING PRACTICAL POLICY SOLUTIONS, EDUCATING POLICYMAKERS, AND BUILDING BRIDGES WITH OTHER CONSTITUENCIES IN THE POLICY ECOSYSTEM. EPIC IS FOCUSED ON KEY ISSUE AREAS, INCLUDING THE ECONOMY WRIT LARGE; THE FEDERAL BUDGET (SPENDING, TAXES, AND DEBT); EDUCATION, WORKFORCE, AND RETIREMENT; AND SOCIAL PROGRAMS. EPIC PRODUCES AND DISTRIBUTES ORIGINAL RESEARCH, PROVIDES FEDERAL POLICYMAKERS WITH EDUCATIONAL RESOURCES, AND FOSTERS COOPERATION WITH OTHER ORGANIZATIONS THAT ALSO SEEK TO IMPROVE THE NATION'S FISCAL HEALTH. EPIC LOOKS AT LONG-TERM ECONOMIC QUESTIONS AND HOW TO SOLVE THEM - ASSESSING THE COUNTRY'S MOST PRESSING ECONOMIC CHALLENGES AND THEN PRESENTING SOLUTIONS TO THESE COMPLEX PROBLEMS. EPIC'S INNOVATIVE APPROACH PROMOTES A PRO-GROWTH AGENDA THAT ADVANCES FREEDOM AND MEANINGFUL REFORMS. EPIC HAS CONTINUED TO PRODUCE RESEARCH ON IMPORTANT, TIMELY AREAS OF BUDGET AND ECONOMIC POLICY. THE EPIC TEAM'S ORIGINAL RESEARCH AND FINDINGS, WHITE PAPERS AND TESTIMONY, RESOURCES DESIGNED FOR CONGRESS (I.E., "EPIC ANALYSIS"), AND ACCESSIBLE EDUCATIONAL DOCUMENTS (I.E., "EPIC EXPLAINERS") ARE PUBLICLY AVAILABLE ON EPIC'S WEBSITE.DR. PAUL WINFREE AND THE EPIC TEAM RELEASED RESEARCH OUTLINING POLICY OPTIONS FOR RECONCILIATION, IDEAS FOR IMPLEMENTATION OF REGULATORY REFORM, AND ANALYSIS OF OUR NATION'S SIGNIFICANT DEBT AND DEFICIT ISSUES. EPIC'S RESEARCH IN 2024 ALSO FOCUSED ON SIGNIFICANT FEDERAL SPENDING ON WELFARE PROGRAMS (INCLUDING FOOD STAMPS), THE NEED TO ENACT POLICIES THAT WILL ENABLE ECONOMIC MOBILITY, THE LOOMING "FISCAL CLIFF," IMPROPER FEDERAL GOVERNMENT PAYMENTS, ANALYSIS OF THE ISSUES WITH THE AFFORDABLE CONNECTIVITY PROGRAM, THE IMPLICATIONS OF INSOLVENCY FOR THE SOCIAL SECURITY TRUST FUND, THE TRUE COSTS OF INFLATION DURING THE BIDEN-HARRIS ADMINISTRATION, AND THE PITFALLS OF USING GOVERNMENT EXPANSION AS A MEANS OF DRIVING ECONOMIC GROWTH. EPIC NOT ONLY ANALYZED LEGISLATIVE PROPOSALS, BUT HELD NUMEROUS BRIEFINGS AND EDUCATIONAL MEETINGS TO RELAY THE RELEVANT INFORMATION TO POLICYMAKERS AND THEIR STAFFS IN A MANNER THAT HELPED DRIVE POLICY CHANGES AND DEEPEN UNDERSTANDING OF THE SERIOUS ECONOMIC ISSUES FACING OUR COUNTRY. IN 2024, EPIC EMPLOYED 8 FULL-TIME STAFF AND FELLOWS. IN KEEPING WITH THEIR STATED MISSION, EPIC IS CONTINUING TO GROW, EXPAND AREAS OF RESEARCH, AND DEVELOP EFFECTIVE POLICY SOLUTIONS THAT ENABLE A FREE AND PROSPEROUS AMERICA. 1723056 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR ND PA RI SC TN VA WV WI X DR PAUL WINFREE 2028788956 316 PENNSYLVANIA AVE SE STE 501 WASHINGTON DC 200031169 DR PAUL WINFREE PRESIDENT & CEO/DIRECTOR 40.00 X X 475018 0 27753 BRIAN HOOKS DIRECTOR & CHAIRMAN 2.00 X X 0 0 0 ART POPE DIRECTOR/AUDIT CHAIR (FROM OCT 2024) 1.00 X 0 0 0 JEB HENSARLING DIRECTOR 1.00 X 0 0 0 PAUL RYAN DIRECTOR 1.00 X 0 0 0 BRITTANY MADNI EXECUTIVE VP, SECRETARY/TREASURER 40.00 X 237181 0 16059 MATTHEW DICKERSON DIRECTOR OF BUDGET POLICY 40.00 X 207901 0 13498 ZOE L JACKMAN CHIEF OF STAFF 40.00 X 212177 0 16447 1132277 0 73757 4 0 1 0 OMNI HOMESTEAD INC 7696 SAM SNEAD HIGHWAY HOT SPRINGS VA 24445 EVENT VENUE/CATERING 163428 WILLIAM BEACH 113 E GLENDALE AVE ALEXANDRIA VA 22301 RESEARCH/CONSULTING 118500 2 2660898 2660898 HONORARIUM 900099 2000 2000 2000 2662898 0 0 2000 X 1206034 835181 305346 65507 30545 30545 790 790 13419 9447 3247 725 63009 42550 17126 3333 35173 2708 32465 61557 4740 56817 588085 587054 1031 3328 256 3072 47031 14443 32530 58 11451 882 10569 34170 29809 595 3766 207209 180811 3543 22855 1303 1303 9276 3071 6162 43 DUES & SUBSCRIPTIONS 23307 7158 16119 30 TAX LICENSES & PERMITS 11863 3643 8205 15 2347550 1723056 528162 96332 1244610 1589932 2917 5827 14877 9775 1303 0 8472 1250437 1616198 3674 54087 3674 54087 X 1246763 1562111 1246763 1562111 1250437 1616198 315348 0 X X 0 1 X 1 0 X 1600205 2660898 4261103 1600205 2660898 4261103 1373680 2887423 94 2000 2094 4263197 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2023 AMOUNT: $ 94. HONORARIUM - 2024 AMOUNT: $ 2,000. SCH A, PART II EXPLANATION OF SHORT YEAR AS EPIC WAS INCORPORATED ON JUNE 16, 2023, A SHORT PERIOD RETURN WAS FILED FOR THE PERIOD ENDED DECEMBER 31, 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9775 1303 8472 8472 X 2662898 0 2662898 0 2662898 2347550 0 2347550 0 2347550 PART X, LINE 2: EPIC FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION TOPIC 740-10, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS EPIC'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. EPIC PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2024 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION ON THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH EPIC FILES TAX RETURNS. X X 0 0 0 0 0 0 0 1 0 DR PAUL WINFREE PRESIDENT & CEO/DIRECTOR 375018 0 100000 0 0 0 24150 0 3603 0 502771 0 0 0 BRITTANY MADNI EXECUTIVE VP, SECRETARY/TREASURER 217181 0 20000 0 0 0 16059 0 0 0 253240 0 0 0 ZOE L JACKMAN CHIEF OF STAFF 191177 0 21000 0 0 0 14858 0 1589 0 228624 0 0 0 MATTHEW DICKERSON DIRECTOR OF BUDGET POLICY 195849 0 12052 0 0 0 13498 0 0 0 221399 0 0 0 PART I, LINE 7 BONUSES FOR EPIC EMPLOYEES ARE DETERMINED AT THE DISCRETION OF EPIC'S BOARD OF DIRECTORS. WHILE THERE IS NOT A PREDETERMINED CALCULATION USED TO DETERMINE BONUSES AWARDED, THEY ARE GENERALLY AWARDED BASED ON INDIVIDUAL PERFORMANCE AND WITH SUCCESS IN ACCOMPLISHING EPIC'S TAX-EXEMPT EDUCATIONAL MISSION AND OVERALL FINANCIAL HEALTH TAKEN INTO CONSIDERATION. THE FOLLOWING EMPLOYEES RECEIVED BONUSES IN 2024. 1. DR. PAUL WINFREE - $100,000 2. BRITTANY MADNI - $20,000 3. ZOE L JACKMAN - $21,000 4. MATTHEW DICKERSON - $12,052 FORM 990, PART VI, SECTION A, LINE 8B EPIC DOES NOT HAVE ANY COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN ACCOUNTING FIRM AND THE DRAFT FORM 990 IS REVIEWED BY MANAGEMENT. THE DRAFT FORM 990 IS THEN DISTRIBUTED BY E-MAIL TO EPIC'S FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTERESTS OF EPIC WHEN THE ORGANIZATION IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF EPIC OR MIGHT RESULT IN POSSIBLE PRIVATE INUREMENT. ANY MEMBER OF THE GOVERNING BODY OR PRINCIPAL OFFICER, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS CONSIDERED AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST IN QUESTION AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE GOVERNING BODY CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL MAKE A FINAL DETERMINATION IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, LED BY THE PRESIDENT OF THE BOARD OF DIRECTORS. A VOTING MEMBER OF THE BOARD OF DIRECTORS WHO RECEIVES COMPENSATION IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THEIR OWN COMPENSATION FROM THE ORGANIZATION. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS NONPROFIT TAX-EXEMPT CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THESE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. THE MOST RECENT COMPENSATION STUDY TOOK PLACE DURING 2024. FORM 990, PART VI, SECTION C, LINE 19 EPIC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 587,054. MANAGEMENT AND GENERAL EXPENSES 1,031. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 588,085. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED PROM THE PRIOR YEAR.