Non-profit

The Employment Policies Institute (EPI)

Website:

epionline.org

Location:

Washington, DC

Tax ID:

52-1902264

Budget (2019):

Revenue: $1,799,010
Expenses: $1,567,514
Assets: $717,051

Formation:

1996

Type:

Nonprofit

President and Executive Director:

Richard Berman

President and Executive Director's Salary:

$58,950 1

References

  1. Employment Policies Institute Foundation, Return of Organization Exempt from Income Tax (Form 990), 2019, Part VII, Section A, Line 1a

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Not to be confused with Economic Policy Institute, a left-of-center labor-union-backed think tank.

The Employment Policies Institute (EPI) is a right-leaning research organization that focuses on public policy issues related to employment growth, especially as it affects entry-level employment. EPI sponsors research that looks at new labor costs, welfare reform, and mandated benefits. 1

Activities

The Employment Policies Institute published the findings of a February 2022 survey of economists regarding a $15 federal minimum wage. The survey found that most economists opposed raising the minimum wage to $15, with an even larger majority believing that raising the wage would have a negative impact on employment levels for individuals under 20 years old. Most of the economists surveyed agreed that raising the minimum wage would not efficiently address poverty, unlike earned income tax credits and general welfare supports like food stamps. 2

The Employment Policies Institute advocates for the federal tip credit, which allows employers to include gratuities in their minimum wage calculations. In research published in February 2021, EPI claimed that eliminating the tip credit would have negative economic impacts for tipped restaurant workers. EPI’s report concluded that tipped workers tend to earn substantially more than minimum wage, that eliminating the tip credit would result in job losses, and that attempts to eliminate the tip credit have failed in many restaurants due to customer preferences. 3

In a January 2021 analysis of the Biden administration’s proposal to raise the federal minimum wage to $15 and eliminate the tip credit, the Employment Policies Institute claimed that if implemented, the proposal would cause significant negative economic impacts. EPI’s analysis concluded that the proposal would ultimately cost employers upwards of $100 billion and that more that 2 million jobs would be lost. A large percentage of job losses would occur for workers aged 16-24, women, and tipped workers. 4

Funding

The Employment Policies Institute is funded by donations from individuals, foundations, and businesses. While EPI does not disclose its donors, tax filings confirm donations from the Searle Freedom Trust ($300,000 in 2019), 5 the Lynde and Harry Bradley Foundation ($250,000 in 2017), 6 and the National Philanthropic Trust ($75,000 in 2017). 7

People

Richard Berman is the president and executive director of the Employment Policies Institute, 8 the president of Berman and Company, and the executive director of both the Center for Consumer Freedom 9 and the Center for Union Facts. 10

Michael Saltsman is the managing director at EPI and senior vice president at Berman and Company. Saltsman formerly worked as a field economist at the Bureau of Labor Statistics. 11

Members of the board include Gerald Francis (secretary and treasurer), Paul Avery, John Berglund, Shannon Foust, Warren Hardie, and James Ledley. 12

References

  1.  “About Us.” Employment Policies Institute, 2022. Accessed April 26, 2022. https://epionline.org/aboutepi/.
  2. Corder, Lloyd, Ph.D. “A Survey of US Economists on a $15 Federal Minimum Wage.” Employment Policies Institute, April 2022. Accessed April 29, 2022. https://epionline.org/app/uploads/2022/04/2022-04-EPI-Economist-Survey.pdf
  3. Paxton, Rebekah. “The Case for the Tip Credit: From Workers, Employers, and Research.” Employment Policies Institute, February 2021. Accessed April 29, 2022. https://epionline.org/app/uploads/2021/02/210204_EPI_PolicyMemo_TheCaseForTheTipCreditFinal_-1.pdf.
  4. Even, William and Macpherson, David. “The Impact of a $15 Minimum Wage.” Employment Policies Institute, January 2021. Accessed April 29, 2022. https://epionline.org/app/uploads/2021/01/EPI_ImpactOn15_National.pdf.
  5. Searle Freedom Trust, Return of Private Foundation (Form 990-PF), 2019, Part XV, Line 3a.
  6. Lynde and Harry Bradley Foundation, Return of Private Foundation (Form 990-PF), 2017, Part XV, Line 3a.
  7.  National Philanthropic Trust, Return of Organization Exempt from Income Tax (Form 990), 2016, Schedule I, Part II.
  8. Employment Policies Institute Foundation, Return of Organization Exempt from Income Tax (Form 990), 2019, Part VII, Section A, Line 1a.
  9. “About Us.” Center for Consumer Freedom, 2022. Accessed April 26, 2022. https://www.consumerfreedom.com/about/.
  10. “About Us.” Center for Union Facts, 2022. Accessed March 2, 2022. https://www.unionfacts.com/article/about-us/.
  11. [1] “Michael Saltsman.” Forbes, 2022. Accessed April 26, 2022. https://www.forbes.com/sites/michaelsaltsman/?sh=46ee22344686.
  12. Employment Policies Institute Foundation, Return of Organization Exempt from Income Tax (Form 990), 2019, Part VII, Section A, Line 1a.
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: September 1, 1996

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2019 Dec Form 990 $1,799,010 $1,567,514 $717,051 $124,980 N $1,758,612 $40,291 $107 $61,950 PDF
    2018 Dec Form 990 $1,877,602 $2,190,580 $1,050,956 $690,381 N $1,454,324 $423,102 $176 $24,950 PDF
    2017 Dec Form 990 $1,112,670 $2,173,350 $1,064,599 $391,046 N $1,088,685 $23,766 $194 $10,700 PDF
    2016 Dec Form 990 $2,007,113 $2,379,220 $2,092,876 $358,643 N $1,989,251 $17,536 $316 $38,713 PDF
    2015 Dec Form 990 $1,941,944 $1,761,341 $2,353,127 $246,787 N $1,836,996 $104,671 $277 $48,575 PDF
    2014 Dec Form 990 $3,664,345 $2,615,979 $2,063,491 $137,754 N $3,659,174 $5,004 $167 $50,706 PDF
    2013 Dec Form 990 $2,347,584 $2,131,002 $1,083,187 $205,816 N $2,341,440 $6,069 $75 $28,363 PDF
    2012 Dec Form 990 $2,958,081 $2,357,088 $809,760 $148,971 N $2,957,698 $117 $266 $17,600 PDF
    2011 Dec Form 990 $1,629,930 $2,103,896 $491,258 $410,612 N $1,628,429 $0 $599 $16,358 PDF
    2010 Dec Form 990 $5,910,092 $7,054,260 $943,412 $388,800 N $5,907,976 $0 $2,116 $31,779 PDF

    Additional Filings (PDFs)

    The Employment Policies Institute (EPI)


    Washington, DC