The Economic Progress Institute

Tax-deductible

Providence, RI501(c)(3)Since 2009Public & Societal BenefitEIN 32-0295517Revenue $868K in FY2024

On file with the IRSeconomicprogressri.org600 Mount Pleasant Avenue, 02908-1940 · Providence, RITax-exempt since Jun 2010Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

The organization's mission is to improve the Economic security of low and modest-income rhode islanders and monitor and encourage the development of tax and budget policies that are equitable and adequate to fund public services.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $57K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 12% of spending
Top officer’s pay higher than 85% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $642K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$38K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$868K
-15% vs prior year
Spent
$1.0M
To programs
69%
Net assets
$664K
By yearFY2020–FY2024
Revenue
$868K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$718K
FY2021$686K
FY2022$643K
FY2023$1.0M
FY2024$1.0M
FY2024$868K
Expenses
$1.0M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$696K
FY2021$690K
FY2022$684K
FY2023$689K
FY2024$1.0M
FY2024$1.0M
Net assets
$664K
FY2024▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$562K
FY2021$557K
FY2022$516K
FY2023$850K
FY2024$823K
FY2024$664K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $703K Management & general 20% · $205K Fundraising 12% · $119K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

17 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
$120,750Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Weayonnoh Nelson-Davies’s $121K as Executive Di is at the 85th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2020
Weayonnoh Nelson-Davies$120,750$120,750$115,561$81,827—
Linda Katz————$109,970
Rachel Flum————$89,990

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Economic Progress Institute executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for equitable tax and budget policies to improve economic security for low-income Rhode Islanders.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $703K · in their own filed words · FY2024
01

The institute informs policy debate with accurate, data-driven analysis about the economic health of rhode island and its residents. We scrutinize revenue and spending proposals to determine how they would affect rhode islander's day-to-day lives.

$464Kprogram expense
02

The institute educates community-based workers about the work supports that help families meet basic need through written materials, in-person training and online guides to assistance. We also collaborate with state agencies to improve the delivery of services to improve efficiency and program integrity.

$155Kprogram expense
03

The institute works to ensure the efficacy and sustanability of worker friendly work place policies such as paid family leave. Rhode island was a leader in creating one of the nation's first paid leave programs for its workers - the temporary caregiver insurance program (tci) in january 2014.

$84Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 5 grants · $49K · 2022–2024
Rhode Island Kids Count INCRI · FY2024$15,000
Individual RecipientFY2024$10,000
Ripin INCRI · FY2024$8,000
Ripin INCRI · FY2023$8,000
Ripin INCRI · FY2022$8,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$868K
Ln 12
Gifts and grantsLn 1h$798K
Other incomeLn 4–11$56K
Investment incomeLn 3$15K
Money outPt IX
$1.0M
Ln 25
Programscol B$703K
Managementcol C$205K
Fundraisingcol D$119K
Owns and owesPt X
$664K
net assets · Ln 32
Cash and savingsLn 1–2$483K
Total assetsLn 16$702K
LiabilitiesLn 26$38K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$798K
Investment incomeLn 3$15K
Other incomeLn 4–11$56K
Total revenueLn 12$868K
Assets in detailPt X, end of year
CashLn 1$483K
Cash and savings togetherLn 1–2$483K
InvestmentsLn 11–13$122K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$702K
LiabilitiesLn 26$38K
Net assetsLn 32$664K
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$703K$483K
InvestmentsLn 11–13$120K$122K
Land, buildings, equipmentLn 10c$5K$6K
Total assetsLn 16$869K$702K
LiabilitiesLn 26$46K$38K
Net assetsLn 32$823K$664K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Pay of current officers, directors and key staffLn 5$121K$60K$36K$24K
Other salaries and wagesLn 7$519K$344K$105K$71K
Pension plan contributionsLn 8$17K$15K$2K$1K
Other employee benefitsLn 9$125K$106K$11K$8K
Payroll taxesLn 10$54K$46K$5K$3K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$25K$16K$6K$2K
Office expensesLn 13$12K$7K$1K$4K
Information technologyLn 14$6K$4K$2K$467
OccupancyLn 16$4K$4K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$22K$21K$618$49
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$6K$5K$524$349
Other expenses (24a–d)Ln 24$46K$36K$5K$5K
All other expensesLn 24e$671$671
Total functional expensesLn 25$1.0M$703K$205K$119K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.0M$1.0M−$27K$823K 990 PDF
FY2023 $1.0M$689K$334K$850K 990 PDF
FY2022 $643K$684K−$41K$516K 990 PDF
FY2021 $686K$690K−$4K$557K 990 PDF
FY2020 $718K$696K$22K$562K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $868,083 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $925,214$797,828
I-9 Program service revenue$0
I-10 Investment incomePrior year $21,427$14,541
I-11 Other revenuePrior year $73,003$55,714
I-12 Total revenuePrior year $1,019,644$868,083
I-13 Grants and similar amounts paidPrior year $8,000$38,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $840,530$836,893
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $198,477$151,831
I-18 Total expensesPrior year $1,047,007$1,026,724
I-19 Revenue less expensesPrior year −$27,363−$158,641
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $868,083 across 5 lines filed
VIII-1f All other contributions, gifts and grants$797,828
VIII-1h Total contributions, gifts and grants$797,828
VIII-3 Investment incomeExcluded from tax $14,541$14,541
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55,714$55,714
VIII-12 Total revenueRelated to mission $55,714 · Excluded from tax $14,541$868,083
Part IX · Statement of functional expenses $1,026,724 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $38,000$38,000
IX-5 Pay of current officers, directors and key staffPrograms $60,375 · Management $36,225 · Fundraising $24,150$120,750
IX-7 Other salaries and wagesPrograms $343,509 · Management $104,957 · Fundraising $71,033$519,499
IX-8 Pension plan contributionsPrograms $14,861 · Management $1,574 · Fundraising $1,049$17,484
IX-9 Other employee benefitsPrograms $106,332 · Management $11,259 · Fundraising $7,506$125,097
IX-10 Payroll taxesPrograms $45,953 · Management $4,866 · Fundraising $3,244$54,063
IX-11b Legal feesManagement $5,032$5,032
IX-11c Accounting feesManagement $14,190$14,190
IX-11f Investment management feesManagement $3,870$3,870
IX-11g Other fees for servicesPrograms $16,497 · Management $6,466 · Fundraising $2,062$25,025
IX-13 Office expensesPrograms $7,117 · Management $1,433 · Fundraising $3,900$12,450
IX-14 Information technologyPrograms $3,738 · Management $1,759 · Fundraising $467$5,964
IX-16 OccupancyManagement $4,414$4,414
IX-17 TravelPrograms $4,096$4,096
IX-19 Conferences, conventions and meetingsPrograms $21,138 · Management $618 · Fundraising $49$21,805
IX-22 Depreciation, depletion and amortizationManagement $2,675$2,675
IX-23 InsurancePrograms $4,945 · Management $524 · Fundraising $349$5,818
IX-24 Other expenses (24a–d)Programs $36,234 · Management $4,860 · Fundraising $4,727$45,821
IX-24e All other expensesPrograms $671$671
IX-25 Total functional expensesPrograms $703,466 · Management $204,722 · Fundraising $118,536$1,026,724
Part X · Balance sheet $702,026 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $703,224$482,680
X-3 Pledges and grants receivableStart of year $18,751$18,751
X-4 Accounts receivableStart of year $10,444$60,254
X-9 Prepaid expenses and deferred chargesStart of year $11,841$12,588
X-10c Land, buildings and equipment, netStart of year $4,747$6,029
X-12 Other securitiesStart of year $119,907$121,724
X-16 Total assetsStart of year $868,914$702,026
X-17 Accounts payable and accrued expensesStart of year $45,936$37,689
X-26 Total liabilitiesStart of year $45,936$37,689
X-27 Net assets without donor restrictionsStart of year $442,320$458,862
X-28 Net assets with donor restrictionsStart of year $380,658$205,475
X-32 Total net assets or fund balancesStart of year $822,978$664,337
X-33 Total liabilities and net assetsStart of year $868,914$702,026
Part XI · Reconciliation of net assets $664,337 net assets at year end
XI-1 Total revenue$868,083
XI-2 Total expenses$1,026,724
XI-3 Revenue less expenses−$158,641
XI-4 Net assets at start of year$822,978
XI-10 Net assets at end of year$664,337

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.