2018-11-13T08:38:19-06:00 2017-12-31 560574444 CHERRY BEKAERT LLP 4600 EAST WEST HWY STE 200 BETHESDA MD 20814 990 2017-01-01 521902264 EMPLOYMENT POLICIES INSTITUTE FOUNDATION EMPL 2024637650 1090 VERMONT AVENUE NW NO 800 WASHINGTON DC 20005 GERALD G FRANCIS SECRETARY/TREASURER/DIRECTOR 2024637650 2018-11-08 1 AMANDA ADAMS P00748038 3019513636 38.142.98.34 2018-11-08 12:36:47 ES P 2E714E3C23332E73948D0414F341D65AE97E6CE4 18694F53AD11E15FFCEA276DE93F63B2E746D691 2017 2019-02-21 02:37:17Z EMPLOYMENT POLICIES INSTITUTE RICHARD BERMAN 1090 VERMONT AVENUE NW NO 800 WASHINGTON DC 20005 1112670 0 X SEE SCHEDULE O X 1994 DC STUDYING PUBLIC POLICY ISSUES SURROUNDING EMPLOYMENT GROWTH WITH SIGNIFICANT FOCUS ON ISSUES THAT AFFECT ENTRY-LEVEL EMPLOYMENT. THE INSTITUTE'S RESEARCH HAS QUANTIFIED THE IMPACT OF NEW LABOR COSTS ON JOB CREATION, EXPLORED THE CONNECTION BETWEEN ENTRY-LEVEL EMPLOYMENT AND WELFARE REFORM, AND ANALYZED THE DEMOGRAPHIC DISTRIBUTIONS OF MANDATED BENEFITS. THE INSTITUTE ALSO SPONSORS NONPARTISAN RESEARCH WHICH IS CONDUCTED BY INDEPENDENT ECONOMISTS AT MAJOR UNIVERSITIES AROUND THE COUNTRY. THE INSTITUTE ALSO MANAGES THE INTERSTATE POLICY ALLIANCE, AN EFFORT TO COORDINATE AND PROMOTE STATE-SPECIFIC ECONOMIC RESEARCH EFFORTS TO A WIDER AUDIENCE. 8 7 1 0 0 0 1989251 1088685 17536 23766 316 194 10 25 2007113 1112670 0 2000 0 0 1678654 1693167 0 0 18604 700566 478183 2379220 2173350 -372107 -1060680 2092876 1064599 358643 391046 1734233 673553 X EMPLOYMENT POLICIES INSTITUTE FOUNDATION'S MISSION IS TO EDUCATE POLICYMAKERS AND THE GENERAL PUBLIC WITH RESPECT TO THE ECONOMIC AND SOCIAL EFFECTS OF EMPLOYMENT, FINANCIAL, AND GOVERNMENT SPENDING POLICIES, AND TO CONDUCT RESEARCH WITH RESPECT TO (CONTINUED) EMPLOYMENT, FINANCIAL, AND GOVERMENT SPENDING POLICIES AND DISSEMINATE THE RESULTS OF SUCH RESEARCH. 0 0 957665 2000 11640 CONTINUED TO MAINTAIN EPIONLINE.ORG, MINIMUMWAGE.COM, AND FACESOF15.COM WEBSITES. POSTED BLOG POSTS AND ADDITIONAL CONTENT FEATURING RESEARCH AND INFORMATION ON THE CONSEQUENCES OF EMPLOYER MANDATES. PRODUCED SIX VIDEOS HIGHLIGHTING THE CONSEQUENCES OF A HIGHER MINIMUM WAGE. PROVIDED INFORMATION ABOUT THE ECONOMIC CONSEQUENCES OF EMPLOYER MANDATES TO LEGISLATIVE BODIES/POLICYMAKERS IN SELECTED STATES AND LOCALITIES AND INTERESTED GROUPS. MAINTAINED A MOBILE APPLICATION DESIGNED TO HELP SMALL BUSINESS OWNERS DISCUSS THE CONSEQUENCES OF A RISING MINIMUM WAGE. PROMOTED EPI RESEARCH AND MESSAGES BY PRODUCING MULTIPLE PRINT, ONLINE, TELEVISION, AND RADIO ADVERTISEMENTS FOR PLACEMENTS IN MULTIPLE MEDIA OUTLETS. THIS RESULTED IN NEARLY 800 MEDIA HITS DURING 2017, 76 OF WHICH WERE IN TOP 100 MEDIA OUTLETS. 652589 12126 MAINTAINED THE INTERSTATE POLICY ALLIANCE (IPA), AN EFFORT TO COORDINATE AND PROMOTE STATE-SPECIFIC ECONOMIC RESEARCH EFFORTS TO A WIDER AUDIENCE. PROMOTED STATE POLICY ORGANIZATIONS PROJECTS THROUGH THE CREATION OF VIDEOS, WEBSITES, AND OTHER COMMUNICATION PRODUCTS. MANAGED DIGITAL MEDIA PRESENCE FOR STATE POLICY ORGANIZATIONS. 402564 RELEASED STUDIES ON LABOR POLICIES AND THEIR OUTCOMES. 2017 STUDIES INCLUDES A BRIEF ON THE IMPACT OF AN $11 MINIMUM WAGE IN ST. LOUIS; A SURVEY OF SEVERAL HUNDRED FLORIDA BUSINESSES ON THE IMPACT OF A $15 MINIMUM WAGE IN THE STATE; AND A REPORT ON THE CONSEQUENCES OF A $15 MINIMUM WAGE FOR THE STATE OF CALIFORNIA. CONTRACTED ADDITIONAL RESEARCH PROJECTS WITH INDEPENDENT ECONOMISTS FOR FUTURE RELEASE. 2012818 1 1 0 1 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 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 8 0 1 1 1 0 0 0 0 0 0 0 0 0 0 X 8 7 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CT FL GA IL KS KY MA MD MI MN MS NC NH NJ NM OH OK OR PA RI SC TN VA WI X RICHARD BERMAN 2024637650 1090 VERMONT AVENUE NW NO 800 WASHINGTON DC 20005 RICHARD BERMAN PRESIDENT, EXECUTIVE DIR. 13.91 X X 6975 0 0 GERALD FRANCIS SECRETARY/TREASURER 0.20 X X 500 0 0 PAUL AVERY DIRECTOR 0.10 X 500 0 0 JOHN BERGLUND DIRECTOR 0.10 X 500 0 0 SHANNON FOUST DIRECTOR 0.20 X 500 0 0 CRAIG GARTHWAITE DIRECTOR 0.10 X 500 0 0 WARREN HARDIE DIRECTOR 0.10 X 500 0 0 JAMES LEDLEY DIRECTOR 0.20 X 500 0 0 10475 0 0 0 0 0 0 RICHARD BERMAN & COMPANY INC 1090 VERMONT AVE NW 800 WASHINGTON DC 20005 MGMT, ADVERTISING, RESEARCH & ACCT FEES 1681722 1 1088685 1088685 EXPENSE REIMBURSEMENTS 900099 23766 23766 23766 194 194 25 25 25 1112670 23766 0 219 2000 2000 10700 3500 7200 1681722 1575802 105920 745 745 7663 6405 973 285 14960 14960 171595 170522 1073 77289 77289 38824 35704 2296 824 33600 20847 9655 3098 684 684 65733 60354 5379 34990 34990 23548 23548 4255 824 3431 TAXES, LICENSES & FEES 4424 4414 10 SUBSCRIPTIONS & PUBLICA 518 19 499 MEMBERSHIP DUES 100 100 2173350 2012818 141928 18604 399071 351378 1321203 540856 250000 131233 31074 2675 29522 0 72018 33561 62006 38457 2092876 1064599 358643 391046 358643 391046 X 917432 427415 816801 246138 1734233 673553 2092876 1064599 -1060680 0 X X 0 1 X 1 0 X 2341440 3659174 1836996 1989251 1088685 10915546 2341440 3659174 1836996 1989251 1088685 10915546 3486255 7429291 75 167 277 316 194 1029 9 66 10 25 110 10916685 156971 0.68050 0.63100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PUBLIC DISCLOSURE COPIES - 2013 AMOUNT: $ 9. 2014 AMOUNT: $ 66. MISCELLANEOUS INCOME - 2016 AMOUNT: $ 10. 2017 AMOUNT: $ 25. 0 0 0 2173350 2173350 258668 64667 0 0 270968 228069 259080 258668 1016785 1525178 6154 12909 19063 67742 57017 64770 64667 254196 381294 6 0 6 818 818 0 71200 32743 38457 38457 X 1222505 109835 109835 1112670 0 1112670 2283185 109835 109835 2173350 0 2173350 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE PROVIDED BY GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2017. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2017. RICHARD BERMAN AND COMPANY INC PART V 1681722 PART V 0 PART IV (B) DESCRIPTION OF RELATIONSHIP: ENTITY MORE THAN 35% OWNED BY RICHARD BERMAN, PRESIDENT PART IV (D) DESCRIPTION OF TRANSACTIONS: SERVICES PROVIDED INCLUDE RESEARCH AND MONITORING/ANALYSIS ON ISSUES IMPORTANT TO THE ORGANIZATION, ADVERTISING, PUBLIC AND MEDIA RELATIONS, PROGRAM MANAGEMENT AND PROMOTION OF INFORMATION TO THE PUBLIC, ACCOUNTING AND FINANCIAL OPERATIONS, LOBBYING, MANAGEMENT, GENERAL AND ADMINISTRATIVE, MEETING PLANNING, AND ADDITIONAL SERVICES AS NEEDED IN MEETING THE OBJECTIVE OF EMPLOYMENT POLICIES INSTITUTE FOUNDATION IN THE FULFILLMENT OF ITS MISSION AND EXEMPT PURPOSES. FORM 990, PAGE 1, ITEM J: WEBSITES INCLUDE THE FOLLOWING: EPIONLINE.ORG; MINIMUMWAGE.COM; TIPPEDWAGE.COM; FACESOF15.COM; POLICYALLIANCE.ORG FORM 990, PART VI, SECTION A, LINE 3 RICHARD BERMAN AND COMPANY, INC. IS THE MANAGEMENT COMPANY FOR THE EMPLOYMENT POLICIES INSTITUTE FOUNDATION. RICHARD BERMAN, PRESIDENT AND EXECUTIVE DIRECTOR OF THE EMPLOYMENT POLICIES INSTITUTE FOUNDATION, WAS COMPENSATED AS PRESIDENT OF RICHARD BERMAN AND COMPANY, INC. DURING 2017. DUE TO THE FOUNDATION'S ESTABLISHED ACCOUNTING AND FINANCIAL INTERNAL CONTROL PROCESSES, WHICH HAVE BEEN APPROVED BY THE INDEPENDENT AUDITING FIRM, THE CONFIDENTIAL COMPENSATION INFORMATION IS UNAVAILABLE TO THE PREPARER AND SIGNING OFFICER. FORM 990, PART VI, SECTION B, LINE 11B EMPLOYMENT POLICIES INSTITUTE FOUNDATION'S FORM 990 WAS REVIEWED BY MANAGEMENT. MEMBERS OF THE GOVERNING BODY AND OUTSIDE LEGAL COUNSEL BOTH RECEIVED AND REVIEWED COPIES OF THIS FORM 990, REDACTED FOR DONOR INFORMATION, PRIOR TO ITS FILING. COMMENTS WERE ADDRESSED BEFORE THE RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYMENT POLICIES INSTITUTE FOUNDATION REQUIRES THE OFFICERS AND DIRECTORS TO READ AND SIGN THE POLICY AND TO DISCLOSE ANY CONFLICT OF INTEREST THEY MAY HAVE TO THE ENTIRE BOARD. THE BOARD THEN DECIDES WHETHER OR NOT THERE EXISTS A CONFLICT. ANY OFFICERS OR BOARD MEMBERS WITH CONFLICTS ARE RECUSED FROM VOTING UPON ISSUES INVOLVING THEIR PARTICULAR CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYMENT POLICIES INSTITUTE FOUNDATION REQUIRES THAT COMPENSATION FOR THE DIRECTORS AND EMPLOYEES BE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS; PERSONS WITH CONFLICTS OF INTEREST REGARDING THE COMPENSATION ARRANGEMENT AT ISSUE ARE RECUSED. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING ARE DONE WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 EMPLOYMENT POLICIES INSTITUTE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION EXCEPT THROUGH THOSE DOCUMENTS FILED WITH ITS FORM 1023 EXEMPTION APPLICATION (COPY AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS IN WASHINGTON, DC) AS REQUIRED BY LAW. PAGE 12, PART XII, LINE 2C INDEPENDENT MEMBERS OF EPIF'S AUDIT COMMITTEE MADE NO CHANGE IN THE SELECTION OF AUDITOR OR OVERSIGHT PROCESS IN 2017.