ECONOMIC POLICY INSTITUTE Charity Report

Public IRS 990 nonprofit record

ECONOMIC POLICY INSTITUTE

EIN 52-1368964 · Science & Technology Research Institutes & Services (V22F)

What they do

EPI USES THE TOOLS of ECONOMICS to BRING THE INTERESTS of LOW- and MIDDLE-INCOME WORKERS INTO ECONOMIC POLICY DISCUSSIONS. EPIS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders33 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

95.19%of revenue went to mission work83.6% of expenses · Program services

5.99%of revenue went to fundraising5.3% of expenses

$113.86spent for every $100 of revenueSpending was higher than revenue this year.

12.69%of revenue went to management and office costs11.1% of expenses

$1.44in assets for every $1 spent this yearSome assets cannot be spent right away.

96.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,653,654 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $275,913 for HEIDI SHIERHOLZ (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,927,401

Mission workProgram services$11,353,87595.19% of revenue83.6% of expenses

ManagementOffice and general costs$1,513,16612.69% of revenue11.1% of expenses

FundraisingAsking for donations$714,0145.99% of revenue5.3% of expenses

Total expenses$13,581,055113.86% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.6% mission · 11.1% management · 5.3% fundraisingTotal expenses: 113.86% of revenue

2023Expense mix: 78.8% mission · 15.7% management · 5.4% fundraisingTotal expenses: 74.99% of revenue

2022Expense mix: 86.2% mission · 9.6% management · 4.2% fundraisingTotal expenses: 149.73% of revenue

2021Expense mix: 83.5% mission · 11.0% management · 5.5% fundraisingTotal expenses: 63.30% of revenue

2020Expense mix: 78.4% mission · 14.4% management · 7.2% fundraisingTotal expenses: 63.98% of revenue

2019Expense mix: 86.6% mission · 7.7% management · 5.8% fundraisingTotal expenses: 73.72% of revenue

2018Expense mix: 91.0% mission · 2.0% management · 7.0% fundraisingTotal expenses: 83.53% of revenue

2017Expense mix: 90.4% mission · 2.8% management · 6.7% fundraisingTotal expenses: 134.57% of revenue

Money in and money out

Revenue$11,927,401

Expenses$13,581,055

Annual shortfall $1,653,654 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$11,353,875 · 83.6% of expenses

Management and office costs$1,513,166 · 11.1% of expenses

Fundraising$714,014 · 5.3% of expenses

See all reported dollar amounts

Revenue$11,927,401

Expenses$13,581,055

Assets$19,581,014

Income$12,248,246

Contributions$11,487,944

Mission work (program services)$11,353,875

Fundraising$714,014

Grants given$12,919,824

Average grant$64,599

Management and general$1,513,166

Stocks and bonds$980,414

Accounting fees$131,999

Investing fees$7,880

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HEIDI SHIERHOLZPRESIDENT · 40 hrs/week $275,913Base $239,242 · Other $36,671

NAOMI WALKERVICE PRESIDENT · 40 hrs/week $256,199Base $220,755 · Other $35,444

LYLE J BIVENSCHIEF ECONOMIST/DIR. RESEA · 40 hrs/week $248,376Base $214,230 · Other $34,146

EVE E TAHMINCIOGLUDIR COMMUNICATIONS · 40 hrs/week $236,551Base $199,587 · Other $36,964

BARBARA WESTERNCHIEF OPERATING OFFICER · 40 hrs/week $235,269Base $203,355 · Other $31,914

CELINE MCNICHOLASDIR. POLICY, GENERAL COUNS · 40 hrs/week $234,968Base $204,443 · Other $30,525

VALERIE R WILSONDIRECTOR OF PREE · 40 hrs/week $219,491Base $189,218 · Other $30,273

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (33)

HEIDI SHIERHOLZPRESIDENT

NAOMI WALKERVICE PRESIDENT

LYLE J BIVENSCHIEF ECONOMIST/DIR. RESEA

EVE E TAHMINCIOGLUDIR COMMUNICATIONS

BARBARA WESTERNCHIEF OPERATING OFFICER

CELINE MCNICHOLASDIR. POLICY, GENERAL COUNS

VALERIE R WILSONDIRECTOR OF PREE

LEE SAUNDERSMEMBER

APRIL VERRETTMEMBER

TERESA GHILARDUCCISECRETARY

SHAWN FAINMEMBER

ROBERT KUTTNERMEMBER

RANDI WEINGARTENMEMBER

PRONITA GUPTAMEMBER

NINA BANKSMEMBER

BECKY PRINGLEMEMBER

MANUEL PASTORMEMBER

BRIAN BRYANTMEMBER

LORI PELLETIERMEMBER

LISA LYNCHMEMBER

ELISE GOULDMEMBER

JULIANNE MALVEAUXVICE CHAIR

JOSE P GARZAMEMBER

JOCELYN FRYEMEMBER

JENNIFER EPPSMEMBER

JEFF FAUXMEMBER

CLAUDE CUMMINGSMEMBER

HECTOR CORDERO-GUZMANMEMBER

HANNAH HALBERTMEMBER

GARY BASSTREASURER

DAVE MCCALLMEMBER

ERNESTO CORTES JRMEMBER

ELIZABETH H SHULERCHAIR

About this charity

Recognized since: January 1985
Location: 1225 EYE STREET NW 600, WASHINGTON, DC 20005
County: District of Columbia
In care of: HEIDI SHIERHOLZ
Primary officer: HEIDI SHIERHOLZ, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailepi@epi.org Phone(202) 775-8810

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GELMAN ROSENBERG & FREEDMAN
NTEE classification: Science & Technology Research Institutes & Services (V22F)
Grant-giving organization: Yes