Economic Policy Innovation Center Inc

“Epic does not have any committees that can act on behalf of the governing body.”

“The federal form 990 is prepared by an accounting firm and the draft form 990 is reviewed by management. The draft form 990 is then distributed by e-mail to epic's full board of directors for their review prior to filing with the internal revenue service.”

“The purpose of the conflict of interest policy is to protect the interests of epic when the organization is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of epic or might result in possible private inurement. Any member of the governing body or principal officer, who has a direct or indirect financial interest, is considered an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest in question and be given the opportunity to disclose all material facts to the governing body considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall make a final determination if a conflict of interest exists.”

“Executive compensation is determined by the board of directors, led by the president of the board of directors. A voting member of the board of directors who receives compensation is precluded from voting on matters pertaining to their own compensation from the organization. To ensure the organization operates in a manner consistent with its nonprofit tax-exempt charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. These periodic reviews shall, at a minimum, include whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. The most recent compensation study took place during 2024.”

“Epic makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Consultants: program service expenses 587,054. Management and general expenses 1,031. Fundraising expenses 0. Total expenses 588,085.”

“The process has not changed prom the prior year.”