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The Economic Progress Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 320295517 ✦ Providence, RI ✦ Designated as a 501(c)(3)

Overview

What is The Economic Progress Institute?

The Economic Progress Institute is a nonprofit organization situated in Providence, Rhode Island. With a modest workforce of eight individuals, its primary mission is to enhance the economic security of low-income and moderate-income residents in the state. The Institute accomplishes this by conducting research, offering policy analysis, delivering public education, and advocating for equitable and sufficient tax and budget policies to fund essential public services. By scrutinizing revenue and spending proposals, the Institute provides valuable insights to policymakers, journalists, and concerned citizens, fostering informed decision-making. Overall, the Institute aims to promote economic well-being and equitable policies that uplift the most vulnerable population in Rhode Island.


Official website here: www.economicprogressri.org

Is The Economic Progress Institute legitimate?

The Economic Progress Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Economic Progress Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $81,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,008

For more financial information, click here


Official website here: www.economicprogressri.org

What is the mission statement of The Economic Progress Institute?

The Economic Progress Institute, as an organization, is committed to enhancing the economic security of low-income and modest-income residents in Rhode Island. They accomplish this by conducting research, policy analysis, public education, and advocacy. This work is geared towards improving equitable and adequate tax and budget policies that can adequately fund essential public services. The institute provides data-driven analysis on Rhode Island's economic health and scrutinizes revenue and spending proposals to assess their impact on the everyday lives of its residents. By disseminating this information to policymakers, journalists, and concerned citizens, the institute aims to promote informed decision-making and foster sound policy-making processes.


Official website here: www.economicprogressri.org

Who is the CEO of The Economic Progress Institute?

Weayonnoh Nelson-Davies is the Chair of The Economic Progress Institute.


Official website here: www.economicprogressri.org

What is the revenue of The Economic Progress Institute?

The Economic Progress Institute's revenue in 2022 was $643,357.


Official website here: www.economicprogressri.org

Who are the executives of The Economic Progress Institute and what are their salaries?

The average compensation at The Economic Progress Institute during 2022 was $53,229. There are 8 employees at The Economic Progress Institute.

Here are 12 key members and their salaries:

    Weayonnoh Nelson-Davies (Executive Di)
  • Compensation: $81,827
  • Related: $0
  • Other: $0

    • Jessica Holden Sherwood (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dwayne Keys (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Ferreira (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jill Beckwith (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paola Fernandez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paula Hodges (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shideh Shafie (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Colin E Bailey Esq (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Geraldine M Barclay-King (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anna Cano Morales (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ana C Urena (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.economicprogressri.org

    Where can I find the form 990 for The Economic Progress Institute?

    The The Economic Progress Institute’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.economicprogressri.org

    Learn more at the official website: www.economicprogressri.org

    Mission Statement of The Economic Progress Institute

    The Economic Progress Institute, as an organization, is committed to improving the economic security of low and modest-income residents of Rhode Island. It accomplishes this mission by monitoring and advocating for the development of equitable and adequate tax and budget policies that effectively fund public services. The Institute plays a crucial role in informing policy debates by providing data-driven analyses about the economic health of Rhode Island and its residents. By scrutinizing revenue and spending proposals, the Institute ensures that policymakers, journalists, and concerned citizens have access to accurate information, promoting informed decision-making and fostering constructive debates. In essence, The Economic Progress Institute is dedicated to enhancing the economic well-being of Rhode Island's vulnerable populations by advocating for policies that foster equity and adequacy in tax and budget policies, thereby funding essential public services.

    Impact

    This information is meant to be a general summary of The Economic Progress Institute. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Economic Progress Institute plays a crucial role in improving the economic security of low and modest-income Rhode Islanders through its research, policy analysis, public education, and advocacy efforts. By providing accurate, data-driven analysis on the economic health of Rhode Island and its residents, the institute informs policy debates and scrutinizes revenue and spending proposals to determine their impact on the daily lives of Rhode Islanders. This information is shared with policymakers, journalists, and concerned citizens to promote informed debate and encourage sound decision-making regarding tax and budget policies. Through these efforts, The Economic Progress Institute helps advance equity and adequacy in funding public services while striving to enhance the overall well-being of Rhode Islanders.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-12,490
  • Program Service Revenue: $0
  • Gross Receipts: $643,357

    • Assets and Liabilities:
  • Total Assets: $568,401
  • Total Liabilities: $52,163
  • Net Assets: $516,238
  • Organization Details

    Founding Year

    2009

    Principal Officer

    Weayonnoh Nelson-Davies

    Main Address

    600 MOUNT PLEASANT AVENUE, PROVIDENCE, RI, 02908

    NTEE Category

    Code: W05 - Public benefit

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