2016-11-15T15:05:59-06:00 2015-12-31 560574444 CHERRY BEKAERT LLP 4600 East West Hwy STE 200 Bethesda MD 20814 990 2015-01-01 521902264 Employment Policies Institute Foundation EMPL 2024637650 1090 Vermont Avenue NW No 800 Washington DC 20005 GERALD G FRANCIS SECRETARY/TREASURER/DIRECTOR 2024637650 2016-11-15 1 Scott Denlinger P00740770 3019513636 2015 2017-02-10 21:41:12Z Employment Policies Institute RICHARD BERMAN 1090 Vermont Avenue NW No 800 Washington DC 20005 1941944 0 X SEE SCHEDULE O X 1994 DC RESEARCH VARIOUS LABOR/ECONOMIC POLICIES AND CONSEQUENCES; EDUCATE THE (CONTINUED) PUBLIC/MEDIA/POLICYMAKERS ON FINDINGS; ENGAGE IN OTHER PUBLIC EDUCATION CAMPAIGNS RELATED TO PROMOTING ECONOMIC RESEARCH AND CONCEPTS. 8 7 3 0 0 0 3659174 1836996 5004 104671 167 277 0 0 3664345 1941944 300000 0 0 0 64662 60912 0 0 67436 2251317 1700429 2615979 1761341 1048366 180603 2063491 2353127 137754 246787 1925737 2106340 X EMPLOYMENT POLICIES INSTITUTE FOUNDATION IS THE ONLY NONPROFIT FOCUSED ON RESEARCH OF LABOR AND HEALTHCARE POLICIES THAT AFFECT EMPLOYMENT GROWTH, PARTICULARLY POLICIES AFFECTING THE ENTRY-LEVEL WORKFORCE. EPIF ALSO MANAGES THE INTERSTATE POLICY ALLIANCE, AN EFFORT TO COORDINATE AND PROMOTE STATE-SPECIFIC ECONOMIC RESEARCH EFFORTS TO A WIDER AUDIENCE. 0 1 575458 0 550 MAINTAINED THE INTERSTATE POLICY ALLIANCE (IPA), AN EFFORT TO COORDINATE AND PROMOTE STATE-SPECIFIC ECONOMIC RESEARCH EFFORTS TO A WIDER AUDIENCE. PROMOTED IPA AMONG THE STATE FREE-MARKET ORIENTED POLICY COMMUNITY.RELEASED MULTIPLE STUDIES THROUGH THE IPA. ENGAGED IN OUTREACH TO PROMOTE IPA STUDIES IN LOCAL MEDIA MARKETS, MORE THAN 80 PLACEMENTS IN MEDIA OUTLETS. WITH STATE POLICY ORGANIZATIONS, CREATED VIDEOS, WEBISTES AND OTHER COMMUNICATION PRODUCTS TO PROMOTE THEIR EFFORTS. MANAGED DIGITAL MEDIA PRESENCE FOR STATE POLICY ORGANIZATIONS. 540631 0 5621 RELEASED STUDIES ON LABOR POLICIES AND THEIR OUTCOME (MEASURING THE COSTS OF MINIMUM WAGE INCREASES IN OAKLAND, ON NEW YORK'S FAST FOOD RESTAURANT INDUSTRY, AND IN CHICAGO; STUDYING UNION INVOLVEMENT IN THE LEGISLATIVE PROCESS IN SAN FRANCISCO; THE EFFECTS OF WAGE INCREASES ON MEANS-TESTED GOVERNMENT ASSISTANCE; AND A SURVEY OF US ECONOMISTS ON A $15 FEDERAL MINIMUM WAGE HIKE). CONDUCTED RESEARCH ON ANNUAL AND MONTHLY UNEMPLOYMENT DATA FROM THE BUREAU OF LABOR STATISTICS. ANALYZED APPLICATION OF MINIMUM WAGE INDEXING LAWS. CONTRACTED ADDITIONAL RESEARCH PROJECTS WITH INDEPENDENT ECONOMISTS FOR FUTURE RELEASE. 328753 0 98500 CONTINUED TO MAINTAIN EPIONLINE.ORG, MINIMUMWAGE.COM AND TIPPEDWAGE.COM; POSTED BLOG POSTS AND ADDITIONAL CONTENT FEATURING RESEARCH AND INFORMATION ON THE CONSEQUENCES OF EMPLOYER MANDATES AND RAISING WAGES ON TIPPED EMPLOYEES. LAUNCHED A NEW WEBSITE, FACESOF15.COM, FOCUSING ON THE CONSEQUENCES OF HIGH MINIMUM WAGES ENACTED IN MANY CITIES AND STATES. PROMOTED EPI RESEARCH AND MESSAGES BY PRODUCING MULTIPLE PRINT, ONLINE, TELEVISION, AND RADIO ADVERTISEMENTS AND SPENDING OVER $100,000 [$125,000 GROSS] TO PLACE ADVERTISEMENTS IN MULTIPLE MEDIA OUTLETS (INCLUDING BUILDINGS AND MOBILE BILLBOARDS). PROVIDED INFORMATION ABOUT THE ECONOMIC CONSEQUENCES OF EMPLOYER MANDATES TO LEGISLATIVE BODIES/POLICYMAKERS IN SELECTED STATES AND LOCALITIES. UTILIZED OVER $115,000 IN DONATED SERVICES TO PROMOTE EPI MESSAGES TO THE PUBLIC. 100391 0 0 PUBLICIZED STUDIES AS DESCRIBED IN PART III, #4C, AS WELL AS MANY PREVIOUSLY PUBLISHED REPORTS. WROTE AND DISTRIBUTED PRESS RELEASES WITH RELATED INFORMATION ON ENTRY-LEVEL POLICY ISSUES, PARTICULARLY THE IMPACT OF MINIMUM WAGE INCREASES ON EMPLOYMENT OPPORTUNITIES; MEDIA OUTREACH RESULTED IN COVERAGE IN ALMOST 700 RADIO/TV STORIES AND PRINT/ONLINE NEWS ARTICLES. WROTE AND PLACED DOZENS OF OP-EDS AND LETTERS TO THE EDITOR IN MAJOR NEWS PUBLICATIONS, OVER 110 IN TOP 100 PRINT PUBLICATIONS. 16143 0 0 MAINTAINED WEBSITES TO EDUCATE THE PUBLIC ON THE CONSEQUECES OF RAISING THE MINIMUM WAGE IN CALIFORNIA CITIES AND IN NEW JERSERY (CAMPAIGNS WHERE EPIF PREVIOUSLY ENGAGED IN EDUCATIONAL EFFORTS). 116534 0 0 1561376 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 13 0 1 3 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 AK 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 800 WASHINGTON DC 20005 RICHARD BERMAN PRESIDENT, EXECUTIVE DIR. 9.50 X X 45075 0 0 GERALD FRANCIS SECRETARY/TREASURER 0.19 X X 500 0 0 PAUL AVERY DIRECTOR 0.14 X 500 0 0 JOHN BERGLUND DIRECTOR 0.14 X 500 0 0 SHANNON FOUST DIRECTOR 0.17 X 500 0 0 CRAIG GARTHWAITE DIRECTOR 0.14 X 500 0 0 WARREN HARDIE DIRECTOR 0.14 X 500 0 0 JAMES LEDLEY DIRECTOR 0.17 X 500 0 0 48575 0 0 0 0 0 0 RICHARD BERMAN & COMPANY INC 1090 VERMONT AVE NW 800 WASHINGTON DC 20005 MGMT, ADVERTISING, RESEARCH & ACCT FEES 1111753 1 1836996 1836996 SALE OF STUDIES 900099 98500 98500 EXPENSE REIMBURSEMENTS 900099 6171 6171 104671 277 277 1941944 104671 0 277 X 48575 3500 45075 7973 7973 4364 4364 1106413 998319 108094 9394 8168 1226 14960 14960 308116 306987 56 1073 150315 150315 17423 15611 1133 679 12364 10818 74 1472 63692 56892 6800 3646 3646 4255 824 3431 TAXES, LICENSES & FEES 9675 9620 55 MEMBERSHIP DUES 131 131 SUBSCRIPTIONS & PUBLICA 45 45 1761341 1561376 132529 67436 661013 712484 984178 1512136 418300 50000 21907 56600 818 818 0 0 2063491 2353127 137754 246787 137754 246787 X 1596559 1167623 329178 938717 1925737 2106340 2063491 2353127 180603 0 X X 0 1 X 1 0 X 1628429 2957698 2341440 3659174 1836996 12423737 1628429 2957698 2341440 3659174 1836996 12423737 4743696 7680041 599 266 75 167 277 1384 902 117 6069 5004 6171 18263 12443384 98500 0.61720 0.58720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1561376 1561376 228069 57017 0 0 267854 256550 270968 228069 1023441 1535162 5 6154 6159 66964 64138 67742 57017 255861 383792 5 6 11 818 818 0 0 X 2070547 128602 1 128603 1941944 0 1941944 1889943 128602 128602 1761341 0 1761341 Part X, Line 2: Management has evaluated the effect of guidance provided by U.S. Generally Accepted Accounting Principles 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, 2015. 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, 2015. The Foundation's tax returns for the tax years from 2012 to 2014 are subject to examination by the Internal Revenue Service. Part XI, Line 2d - Other Adjustments: Rounding 1. RICHARD BERMAN AND COMPANY INC MANAGEMENT FIRM 1111753 PART V 0 PART IV (D) DESCRIPTION OF TRANSACTIONS: Services provided include research and daily monitoring/analysis on a worldwide basis on issues important to the organization, advertising, public and media relations, program management and promotion of information to the public, accounting and financial operations, management, general and administrative, and additional services as needed in meeting the objectives of Employment Policies Institute Foundation in the fulfillment of its mission and exempt purposes. Form 990, Part III, line 3 CEASED PROMOTING AN INTERACTIVE WEBSITE, DEFEATTHEDEBT.COM, FOCUSED ON INCREASING PUBLIC AWARENESS ABOUT THE SHORT-TERM AND PERSONAL CONSEQUENCES OF THE RAPIDLY GROWING NATIONAL DEBT. CEASED MAINTAINING THE NONPARTISAN, GET-OUT-THE-VOTE WEBSITE VOTEOURFUTURE.COM. 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 2015. 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 11 EMPLOYMENT POLICIES INSTITUTE FOUNDATION'S FORM 990 WAS REVIEWED BY THE MANAGEMENT COMPANY'S CPAS. 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 ANNUALLY 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 COMPENSATION FOR THE DIRECTORS AND EMPLOYEES IS 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 WAS REVIEWED AS OF 2015 FOR THE EXECUTIVE DIRECTOR AND DEVELOPMENT POSITIONS. 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. Form 990, Part IX, line 11g RESEARCH SERVICES: Program service expenses 175,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 175,250. SURVEY SERVICES: Program service expenses 74,636. Management and general expenses 0. Fundraising expenses 0. Total expenses 74,636. ECONOMIC MODELING SERVICES: Program service expenses 51,062. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,062. PAYROLL SERVICE PROVIDER: Program service expenses 0. Management and general expenses 0. Fundraising expenses 1,073. Total expenses 1,073. OTHER MISCELLANEOUS SERVICES: Program service expenses 2,180. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,180. TEMPORARY STAFF SERVICES: Program service expenses 1,856. Management and general expenses 56. Fundraising expenses 0. Total expenses 1,912. TRANSCRIPTION SERVICES: Program service expenses 2,003. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,003. 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 2015. PAGE 1, ITEM J EPIONLINE.ORG; ECON4U.ORG; RETHINKREFORM.COM; MINIMUMWAGE.COM; TIPPEDWAGE.COM; FACESOF15.COM; BADIDEACA.COM; BADIDEANJ.COM; POLICYALLIANCE.ORG