Employment Policies Institute Foundation

Defeatthedebt Com

Arlington, VA
Tax-exempt since Sept. 1996
EIN: 52-1902264

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Social Science Research Institutes, Services / Labor Studies (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$964k (2022)

Expenses

$639k (2022)

Total Assets

$1.2M (2022)

Total Liabilities

$82.7k (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$963,618

Expenses

$638,673

Net Income

$324,945

Net Assets

$1,122,174

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$932,991	96.8%
Program Services	$0
Investment Income	$58	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$30,569	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,500	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,204,829
Total Liabilities	$82,655
Net Assets	$1,122,174

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gerald Francis (Sec/Treasurer)	$500	$0	$0
Paul Avery (Director)	$500	$0	$0
John Berglund (Director)	$500	$0	$0
Shannon Foust (Director)	$500	$0	$0
Luka Ladan (Director)	$500	$0	$0
Warren Hardie (Director)	$500	$0	$0
James Ledley (Director)	$500	$0	$0
Michael Saltsman (Director)	$0	$0	$0
Kristen Eastlick (Director)	$0	$0	$0
Richard Berman (President, Ed)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$1,001,297

Expenses

$663,639

Net Income

$337,658

Net Assets

$797,229

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,001,237	100.0%
Program Services	$0
Investment Income	$60	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,500	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$824,010
Total Liabilities	$26,781
Net Assets	$797,229

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gerald Francis (Secretary/Treasurer)	$500	$0	$0
Paul Avery (Director)	$500	$0	$0
John Berglund (Director)	$500	$0	$0
Shannon Foust (Director)	$500	$0	$0
Warren Hardie (Director)	$500	$0	$0
James Ledley (Director)	$500	$0	$0
Luka Ladan (Director)	$500	$0	$0
Richard Berman (President, Executive Dir.)	$0	$0	$0

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990

Filed on June 23, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

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Fiscal Year Ending Dec.
2020

Revenue

$677,182

Expenses

$809,682

Net Income

-$132,500

Net Assets

$459,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$669,885	98.9%
Program Services	$7,254	1.1%
Investment Income	$43	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,225	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$837,595
Total Liabilities	$378,024
Net Assets	$459,571

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Berman (President, Executive Dir.)	$1,725	$0	$0
Gerald Francis (Secretary/Treasurer)	$500	$0	$0
Paul Avery (Director)	$500	$0	$0
John Berglund (Director)	$500	$0	$0
Shannon Foust (Director)	$500	$0	$0
Warren Hardie (Director)	$500	$0	$0
James Ledley (Director)	$500	$0	$0
Luka Ladan (Director)	$500	$0	$0

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990

Filed on Nov. 23, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,799,010

Expenses

$1,567,514

Net Income

$231,496

Net Assets

$592,071

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,758,612	97.8%
Program Services	$40,291	2.2%
Investment Income	$107	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,950	4.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$717,051
Total Liabilities	$124,980
Net Assets	$592,071

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Berman (President, Executive Dir.)	$58,950	$0	$0
Gerald Francis (Secretary/Treasurer)	$500	$0	$0
Paul Avery (Director)	$500	$0	$0
John Berglund (Director)	$500	$0	$0
Shannon Foust (Director)	$500	$0	$0
Warren Hardie (Director)	$500	$0	$0
James Ledley (Director)	$500	$0	$0

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990

Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2018

Revenue

$1,877,602

Expenses

$2,190,580

Net Income

-$312,978

Net Assets

$360,575

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,454,324	77.5%
Program Services	$423,102	22.5%
Investment Income	$176	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$24,950	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,050,956
Total Liabilities	$690,381
Net Assets	$360,575

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Berman (President, Executive Dir.)	$17,250	$0	$0
Gerald Francis (Secretary/Treasurer)	$500	$0	$0
Paul Avery (Director)	$500	$0	$0
John Berglund (Director)	$500	$0	$0
Shannon Foust (Director)	$500	$0	$0
Warren Hardie (Director)	$500	$0	$0
James Ledley (Director)	$500	$0	$0

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990

Filed on Nov. 12, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$1,112,670

Expenses

$2,173,350

Net Income

-$1,060,680

Net Assets

$673,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,088,685	97.8%
Program Services	$23,766	2.1%
Investment Income	$194	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$25	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,700	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,064,599
Total Liabilities	$391,046
Net Assets	$673,553

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Berman (President, Executive Dir.)	$6,975	$0	$0
Gerald Francis (Secretary/Treasurer)	$500	$0	$0
Paul Avery (Director)	$500	$0	$0
John Berglund (Director)	$500	$0	$0
Shannon Foust (Director)	$500	$0	$0
Craig Garthwaite (Director)	$500	$0	$0
Warren Hardie (Director)	$500	$0	$0
James Ledley (Director)	$500	$0	$0

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990

Filed on Nov. 13, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$2,007,113

Expenses

$2,379,220

Net Income

-$372,107

Net Assets

$1,734,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,989,251	99.1%
Program Services	$17,536	0.9%
Investment Income	$316	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$38,713	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,951	0.1%

Assets/Debt
Total Assets	$2,092,876
Total Liabilities	$358,643
Net Assets	$1,734,233

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$1,941,944

Expenses

$1,761,341

Net Income

$180,603

Net Assets

$2,106,340

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,836,996	94.6%
Program Services	$104,671	5.4%
Investment Income	$277	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$48,575	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,973	0.5%

Assets/Debt
Total Assets	$2,353,127
Total Liabilities	$246,787
Net Assets	$2,106,340

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Berman (President, Executive Dir.)	$45,075	$0	$0
Gerald Francis (Secretary/Treasurer)	$500	$0	$0
Paul Avery (Director)	$500	$0	$0
John Berglund (Director)	$500	$0	$0
Shannon Foust (Director)	$500	$0	$0
Craig Garthwaite (Director)	$500	$0	$0
Warren Hardie (Director)	$500	$0	$0
James Ledley (Director)	$500	$0	$0

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990

Filed on Nov. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$3,664,345

Expenses

$2,615,979

Net Income

$1,048,366

Net Assets

$1,925,737

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,659,174	99.9%
Program Services	$5,004	0.1%
Investment Income	$167	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$50,706	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,340	0.4%

Assets/Debt
Total Assets	$2,063,491
Total Liabilities	$137,754
Net Assets	$1,925,737

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$2,347,584

Expenses

$2,131,002

Net Income

$216,582

Net Assets

$877,371

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,341,440	99.7%
Program Services	$6,069	0.3%
Investment Income	$75	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$28,363	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$18,054	0.8%

Assets/Debt
Total Assets	$1,083,187
Total Liabilities	$205,816
Net Assets	$877,371

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,958,081

Expenses

$2,357,088

Net Income

$600,993

Net Assets

$660,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,957,698	100.0%
Program Services	$117	0.0%
Investment Income	$266	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$17,600	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,259	0.3%

Assets/Debt
Total Assets	$809,760
Total Liabilities	$148,971
Net Assets	$660,789

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,629,930

Expenses

$2,103,896

Net Income

-$473,966

Net Assets

$80,646

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,628,429	99.9%
Program Services	$0
Investment Income	$599	0.0%
Bond Proceeds	$0
Royalties	$250	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$652	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,358	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,505	0.4%

Assets/Debt
Total Assets	$491,258
Total Liabilities	$410,612
Net Assets	$80,646

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$5,910,092

Expenses

$7,054,260

Net Income

-$1,144,168

Net Assets

$554,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,907,976	100.0%
Program Services	$0
Investment Income	$2,116	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$31,779	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,272	0.1%

Assets/Debt
Total Assets	$943,412
Total Liabilities	$388,800
Net Assets	$554,612

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated December 2, 2024

Employment Policies Institute Foundation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $964k (2022)

Expenses $639k (2022)

Total Assets $1.2M (2022)

Total Liabilities $82.7k (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$964k (2022)

Expenses

$639k (2022)

Total Assets

$1.2M (2022)

Total Liabilities

$82.7k (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001