2026-08-25T08:16:34-05:00 2025-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2025-01-01 521368964 ECONOMIC POLICY INSTITUTE ECON 2027758810 1225 EYE STREET NW 600 WASHINGTON DC 20005 HEIDI SHIERHOLZ PRESIDENT 2027758810 2026-08-25 1 ELIZABETH W HELLER P00397829 3019519090 2025 2025-03-06 01:10:19Z HEIDI SHIERHOLZ 1225 EYE STREET NW 600 WASHINGTON DC 20005 17421520 0 X WWW.EPI.ORG X 1984 DC SEE PART III, LINE 1. 27 26 53 26 0 0 11487944 16559908 2858 222778 335512 525599 101087 113235 11927401 17421520 3864633 4057500 0 0 6981862 7876845 0 0 846459 2734560 2290213 13581055 14224558 -1653654 3196962 19581014 21281763 3234448 1647356 16346566 19634407 X EPI USES THE TOOLS OF ECONOMICS TO BRING THE INTERESTS OF LOW- AND MIDDLE-INCOME WORKERS INTO ECONOMIC POLICY DISCUSSIONS. EPI'S RIGOROUS RESEARCH AND TRANSFORMATIVE IDEAS FORTIFY WORKER ORGANIZING, BUILD A SHARED UNDERSTANDING OF HOW POWER AND POLICY SHAPE ECONOMIC OUTCOMES, AND HELP DRIVE PROGRESSIVE POLICY CHANGE AT EVERY LEVEL OF GOVERNMENT. WE PARTNER WITH NATIONAL AND STATE GRASSROOTS ORGANIZATIONS, ACADEMICS, AND LABOR UNIONS TO ADVANCE OUR MISSION. 0 0 5970828 4050000 94785 ECONOMIC ANALYSIS AND RESEARCH NETWORK (EARN): THE ECONOMIC ANALYSIS AND RESEARCH NETWORK (EARN) IS A NETWORK OF RESEARCH AND POLICY ORGANIZATIONS. EARN ADVANCES A WORKER-CENTERED ECONOMY THROUGH STATE AND LOCAL POLICY CHANGE, RIGOROUS RESEARCH, AND COLLABORATION BETWEEN RESEARCHERS, CHAMPIONS, AND COMMUNITY GROUPS ACROSS THE COUNTRY. 2121588 7500 105221 RESEARCH: EPI PRODUCES THE HIGHEST QUALITY RESEARCH AND POLICY ANALYSIS, WIELDING THE TOOLS OF ECONOMICS TO ADVANCE THE INTERESTS OF WORKING FAMILIES. PROGRAM ON RACE, ETHNICITY, AND THE ECONOMY (PREE): PREE USES RESEARCH TO EXPLORE AND EXPLAIN HOW RACE, ETHNICITY, AND CLASS INTERSECT TO AFFECT ECONOMIC OUTCOMES IN THE UNITED STATES. 1480084 COMMUNICATIONS: EPI EFFECTIVELY COMMUNICATES ITS IN-DEPTH RESEARCH AND POLICY ANALYSIS IN WAYS THAT CAN BE UNDERSTOOD AND SHARED BY A VARIETY OF AUDIENCES. EPI USES WEB TOOLS, INTERACTIVE MAPS AND CALCULATORS, PODCASTS, VIDEO EXPLAINERS, AND SOCIAL MEDIA TO SHARE OUR RESEARCH AND OUR POLICY ANALYSIS AND RECOMMENDATIONS. 989234 22772 POLICY: EPI USES POLICY ANALYSIS AND ADVOCACY TO BUILD POWER FOR WORKING PEOPLE. OUR EXPERTS PROVIDE TESTIMONY, SPEECHES, AND PRESENTATIONS, AND THEY PRODUCE ANALYSES AND REPORTS ON A VARIETY OF ISSUES FACING WORKERS. 942498 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. 1931732 22772 11504232 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 25 0 1 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL MD MI NJ NY WA WI X X ZION YAN 2027758810 1225 EYE STREET NW 600 WASHINGTON DC 20005 HEIDI SHIERHOLZ PRESIDENT 38.75 1.25 X X 234679 0 35880 LIZ SHULER CHAIR 0.10 0.10 X X 0 0 0 JULIANNE MALVEAUX VICE CHAIR 0.10 0.10 X X 0 0 0 GARY BASS TREASURER 0.10 0.10 X X 0 0 0 TERESA GHILARDUCCI SECRETARY 0.10 0.10 X X 0 0 0 JENNIFER EPPS NOMINATION & GOV. COM., CHAIR 0.10 X 0 0 0 JULIE SU MEMBER 0.10 X 0 0 0 APRIL VERRETT MEMBER 0.10 X 0 0 0 RANDI WEINGARTEN MEMBER 0.10 X 0 0 0 NINA BANKS MEMBER 0.10 X 0 0 0 ROXANNE BROWN MEMBER 0.10 X 0 0 0 BRIAN BRYANT MEMBER 0.10 X 0 0 0 HECTOR CORDERO-GUZMAN MEMBER 0.10 X 0 0 0 ERNESTO CORTES JR MEMBER 0.10 X 0 0 0 CLAUDE CUMMINGS MEMBER 0.10 X 0 0 0 SHAWN FAIN MEMBER 0.10 X 0 0 0 JEFF FAUX MEMBER 0.10 0.10 X 0 0 0 JOCELYN FRYE MEMBER 0.10 X 0 0 0 JOSE P GARZA MEMBER 0.10 X 0 0 0 ELISE GOULD MEMBER 0.10 X 0 0 0 PRONITA GUPTA MEMBER 0.10 X 0 0 0 HANNAH HALBERT MEMBER 0.10 X 0 0 0 ROBERT KUTTNER MEMBER 0.10 0.10 X 0 0 0 LISA LYNCH MEMBER 0.10 X 0 0 0 LORI PELLETIER MEMBER 0.10 X 0 0 0 BECKY PRINGLE MEMBER 0.10 X 0 0 0 LEE SAUNDERS MEMBER 0.10 X 0 0 0 NAOMI WALKER VICE PRESIDENT 39.00 1.00 X 217549 0 34721 ADAM S HERSH INST. ECONOMIST/RESEARCHER 40.00 X 208725 0 37906 MICHELLE KANNAN DIRECTOR OF DEVELOPMENT 40.00 X 221497 0 25397 LYLE J BIVENS CHIEF ECONOMIST/DIR. OF RESEARCH 40.00 X 196853 0 54389 BARBARA J WESTERN CHIEF OPERATING OFFICER 40.00 X 182230 0 56772 CELINE MCNICHOLAS DIR. GOVT AFFAIRS/LABOR COUNSEL 40.00 X 204060 0 29412 1465593 0 274477 28 0 1 0 0 1155079 15404829 552 16559908 CONTRACT 900099 105221 105221 EARNCON 900099 94785 94785 HONORARIA 900099 22772 22772 222778 525599 525599 49174 49174 63386 0 63386 63386 63386 OTHER INCOME 900099 675 675 675 17421520 222778 0 638834 4057500 4057500 513371 131042 213938 168391 5787480 4496240 900984 390256 512567 400369 79185 33013 512158 393148 82166 36844 551269 408801 95977 46491 29365 15267 12974 1124 49842 25913 22021 1908 8482 8482 169824 83717 79241 6866 9530 9530 156306 124122 24176 8008 150280 78131 66396 5753 966676 718271 167107 81298 11316 9892 1336 88 344694 335660 8205 829 231 231 122117 90641 21212 10264 9002 7149 1392 461 SUBSCRIPTIONS 195698 83191 59314 53193 PAYROLL PROCESSING FEES 41355 21501 18271 1583 STAFF DEV. & EVENTS 25495 14147 11259 89 14224558 11504232 1873867 846459 12852209 11445895 6011 6740 3115115 7299282 11220 6890 317870 249841 1141359 1003269 238247 138090 980414 1093740 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FOR THOSE THAT PERFORM AN ANNUAL AUDIT, A COPY OF THE AUDIT WAS REQUESTED WITH THEIR GRANT APPLICATION. AT THE END OF THE GRANT PERIOD, RECIPIENTS WILL WRITE A FINAL REPORT THAT INCLUDES A COMPREHENSIVE FINANCIAL STATEMENT. X X 1 0 0 0 0 0 0 0 0 HEIDI SHIERHOLZ PRESIDENT 234679 0 0 0 0 0 22028 0 13852 0 270559 0 0 0 NAOMI WALKER VICE PRESIDENT 217549 0 0 0 0 0 20326 0 14395 0 252270 0 0 0 LYLE J BIVENS CHIEF ECONOMIST/DIR. OF RESEARCH 196853 0 0 0 0 0 19726 0 34663 0 251242 0 0 0 MICHELLE KANNAN DIRECTOR OF DEVELOPMENT 181497 0 0 0 40000 0 16655 0 8742 0 246894 0 0 0 ADAM S HERSH INST. ECONOMIST/RESEARCHER 161309 0 0 0 47416 0 15021 0 22885 0 246631 0 0 0 BARBARA J WESTERN CHIEF OPERATING OFFICER 182230 0 0 0 0 0 18724 0 38048 0 239002 0 0 0 CELINE MCNICHOLAS DIR. GOVT AFFAIRS/LABOR COUNSEL 204060 0 0 0 0 0 18824 0 10588 0 233472 0 0 0 PART I, LINE 4A DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS. ADAM S HERSH $47,416 MICHELLE KANNAN $40,000 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE FINANCE AND ADMINISTRATION DIRECTOR. THE FINAL RETURN WAS REVIEWED BY THE FINANCE AND ADMINISTRATION DIRECTOR AND PRESIDENT AND THEN PROVIDED TO THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY REMINDERS ARE DISTRIBUTED ANNUALLY. THE ENTIRE BOARD REVIEWS THE CONFLICT OF INTEREST DISCLOSURE STATEMENTS COMPLETED BY ALL BOARD MEMBERS. DISBURSEMENTS ARE MONITORED AND ALL NEW VENDORS ARE VETTED FOR ANY RELATIONSHIPS. IN DETERMINING A POTENTIAL CONFLICT OF INTEREST, THE INTERESTED PERSON DELIVERS ALL RELEVANT INFORMATION AND RECUSE FROM THE MEETING (BY LEAVING THE ROOM OR VIRTUAL MEETING SPACE). THE BOARD OR COMMITTEE THEN DETERMINES WHETHER OR NOT THE FINANCIAL INTEREST CREATES A CONFLICT OF INTEREST, WHICH MAY MERIT RECUSAL OF THE INTERESTED DIRECTOR FROM CONSIDERATION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION OF PRESIDENT AND ANY OFFICERS BASED ON THE FORM 990 OF OTHER ORGANIZATIONS. THE PROCESS IS DOCUMENTED IN THE BOARD MEETING MINUTES. THE LAST COMPENSATION REVIEW TOOK PLACE JULY 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. EPI ACTION 1225 EYE STREET NW SUITE 600 WASHINGTON DC 20005 201173919 LOBBYING TO INFLUENCE ACTION ON SPECIFIC ECONOMIC POLICY ISSUES DC 501(C)(4) ECONOMIC POLICY INSTITUTE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 EPI ACTION N 7742 FTE ALLOCATION EPI ACTION O 47719 EMPLOYEE'S ACTUAL EPI ACTION Q 42268 COSTS BASIS