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Nonprofiteer
← ECONOMIC SECURITY PROJECT INC

Form 990 for tax year 2024

Filed by ECONOMIC SECURITY PROJECT INC.

Totals

Total revenue
$14,612,906
Total expenses
$10,157,438
Contributions and grants received
$14,469,477
Grants paid
$1,669,763
Program service revenue
$200
Investment income
$136,529
Other revenue
$6,700
Total assets, end of year
$13,020,088
Total liabilities, end of year
$1,138,805
Net assets or fund balances, end of year
$11,881,283
Program services expenses (Part IX)
$8,176,420
Management and general expenses
$1,361,117
Fundraising expenses
$619,901
Program service expenses (Part III)
$8,176,420

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $477,279

  • 1f · All other contributions, gifts and grants

    $13,992,198

  • 2a · Program service revenue: CONSULTING

    total $200 · related or exempt $200

  • 3 · Investment income

    total $127,526 · excluded $127,526

  • 7a · Gross sales of assets other than inventory

    securities $2,907,889

  • 7b · Less cost or other basis and sales expenses

    securities $2,898,886

  • 7c · Gain or loss

    securities $9,003

  • 7d · Net gain or loss

    total $9,003 · excluded $9,003

  • 11a · Other revenue: OTHER INCOME

    total $6,700 · excluded $6,700

  • 11e · Other revenue, total

    $6,700

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,669,763 · program services $1,669,763

  • 5 · Compensation of officers, directors and key employees

    total $596,212 · program services $441,036 · management and general $91,283 · fundraising $63,893

  • 7 · Other salaries and wages

    total $3,722,923 · program services $2,753,960 · management and general $569,999 · fundraising $398,964

  • 8 · Pension plan contributions

    total $181,087 · program services $133,956 · management and general $27,725 · fundraising $19,406

  • 9 · Other employee benefits

    total $631,051 · program services $466,808 · management and general $96,617 · fundraising $67,626

  • 10 · Payroll taxes

    total $316,662 · program services $234,244 · management and general $48,483 · fundraising $33,935

  • 11b · Fees: legal

    total $15,583 · management and general $15,583

  • 11c · Fees: accounting

    total $48,433 · management and general $48,433

  • 11f · Fees: investment management

    total $5,999 · management and general $5,999

  • 11g · Fees: other

    total $1,741,510 · program services $1,580,183 · management and general $139,437 · fundraising $21,890

  • 12 · Advertising and promotion

    total $81,500 · program services $81,500

  • 13 · Office expenses

    total $32,236 · program services $25,912 · management and general $3,825 · fundraising $2,499

  • 14 · Information technology

    total $68,184 · program services $13,143 · management and general $49,822 · fundraising $5,219

  • 16 · Occupancy

    total $3,055 · management and general $3,055

  • 17 · Travel

    total $264,009 · program services $180,820 · management and general $82,447 · fundraising $742

  • 19 · Conferences, conventions and meetings

    total $504,795 · program services $458,005 · management and general $46,691 · fundraising $99

  • 20 · Interest

    total $5,003 · management and general $5,003

  • 23 · Insurance

    total $11,908 · management and general $11,908

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $140,040 · program services $48,689 · management and general $86,510 · fundraising $4,841

  • 24b · Other expenses: MEALS & ENTERTAINMENT

    total $58,911 · program services $33,318 · management and general $25,228 · fundraising $365

  • 24c · Other expenses: EVENT SPONSORSHIP

    total $37,500 · program services $37,500

  • 24d · Other expenses: GIFTS & HONORARIA

    total $21,074 · program services $17,583 · management and general $3,069 · fundraising $422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $167,363 · end of year $35,500

  • 2 · Savings and temporary cash investments

    beginning of year $1,527,945 · end of year $2,633,475

  • 3 · Pledges and grants receivable

    beginning of year $4,649,184 · end of year $6,330,123

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,878 · end of year $7,700

  • 11 · Investments: publicly traded securities

    beginning of year $1,433,534 · end of year $3,038,609

  • 15 · Other assets

    beginning of year $235,413 · end of year $974,681

  • 17 · Accounts payable and accrued expenses

    beginning of year $531,771 · end of year $381,305

  • 18 · Grants payable

    beginning of year $70,000 · end of year $657,500

  • 19 · Deferred revenue

    end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,744,278 · end of year $2,704,251

  • 28 · Net assets with donor restrictions

    beginning of year $4,685,268 · end of year $9,177,032

Mission and programs · 2024

Mission

ECONOMIC SECURITY PROJECT ADVOCATES FOR IDEAS THAT BUILD ECONOMIC POWER FOR ALL AMERICANS. WE AIM TO BUILD FAIR AND HEALTHY MARKETS, ADVOCATE FOR TAX CREDITS, AND CHAMPION A GUARANTEED INCOME. SEE SCHEDULE OTO SUPPORT THESE FIGHTS, WE WORK WITH ACADEMICS, ORGANIZERS, PRACTITIONERS, DONORS, AND CULTURE MAKERS TO CREATE CHANGE AND HELP THEM GET MOBILIZED THROUGH GRANTS, COLLABORATIONS, RESEARCH, AND CAMPAIGNS.

Activities or mission (Part I)

THE ECONOMIC SECURITY PROJECT (ESP) CHALLENGES THE STATUS QUO BY CATALYZING IDEAS THAT BUILD ECONOMIC POWER FOR ALL AMERICANS.

  • CAMPAIGNS - THIS PAST YEAR, WE HELPED SECURE NEW OR EXPANDED CHILD TAX CREDITS IN STATES, PUTTING MONEY BACK IN PEOPLE'S POCKETS. WE ALSO CHAMPIONED THE SUCCESSFUL EXPANSION OF IRS DIRECT FILE, A FREE, PUBLIC, TAX FILING OPTION, TO SAVE AMERICANS BILLIONS IN FILING FEES AND PUT CASH IN THEIR POCKETS BY DELIVERING BILLIONS IN MISSED TAX CREDITS ANNUALLY. ADDITIONALLY, WE LAUNCHED ECONOMIC SECURITY CALIFORNIA (ESCA) TO REHAPE CALIFORNIA'S ECONOMIC LANDSCAPE BY CHAMPIONING CASH POLICIES AND CHALLENGING CORPORATE CONSOLIDATION.

    Expenses $2,483,686 · Grants $691,000 · Revenue $200

  • BTF CASH - WE LEAD THE MOVEMENT CHAMPIONING GUARANTEED INCOME TO PROVIDE BASIC SECURITY FOR ALL AMERICANS. THIS INCLUDES LEADING THE NATIONAL COALITION, HOLDING THE FLAGSHIP GUARANTEED INCOME NOW CONFERENCE, AND UNDERTAKING THE LARGEST RESEARCH INITIATIVE ON DIRECT CASH TO DATE. WE LAUNCHED ESP PRESIDENT NATALIE FOSTER'S BOOK, THE GUARANTEE: INSIDE THE FIGHT FOR AMERICA'S NEXT ECONOMY, SPARKING A NATIONWIDE CONVERSATION ABOUT WHAT'S POSSIBLE WHEN WE PUT PEOPLE AT THE CENTER OF OUR ECONOMIC POLICY AND HELD DOZENS OF EVENTS ACROSS THE COUNTRY TO CONVENE STAKEHOLDERS AROUND THE IDEAS IN THE BOOK.

    Expenses $1,807,707 · Grants $81,500

  • BTF SHAPING MARKETS - WE SEED BIG IDEAS TO SHAPE MARKETS TO WORK FOR PEOPLE. OUR PUBLIC OPTIONS FOR AMERICA FUND EXPLORES ACCESSIBLE AND AFFORDABLE OPTIONS IN MARKETS SUCH AS HOUSING, HEALTHCARE, AND CHILDCARE. IN THE FOOD SECTOR, OUR WORK ON PUBLIC GROCERY STORES IN ILLINOIS INSPIRED LOCAL LEADERS IN OTHER STATES, PROVING THAT GOOD IDEAS CAN TAKE ROOT AND GROW ACROSS THE COUNTRY. WE ALSO CONVENED A SERIES OF CONVERSATIONS WITH EXPERTS NATION-WIDE ON AI, UNDERSTANDING THAT HOW WE SHAPE AI AND THE DIGITAL ECONOMY IN THE YEARS AHEAD WILL BE FOUNDATIONAL FOR PEOPLE'S ECONOMIC FUTURE. WE LED NATIONAL EARNED AND DIGITAL MEDIA ACROSS THESE SECTORS, HIGHLIGHTING THE AFFORDABILITY CRISIS AND ECONOMIC PRECARITY MILLIONS OF FAMILIES EXPERIENCE TODAY.

    Expenses $1,599,013 · Grants $804,764

  • THIS WAS A YEAR OF BIG MOMENTUM, WITH HUGE WINS ON CASH POLICIES, EXPANSION OF THE NATIONAL MOVEMENT FOR A GUARANTEED INCOME, AND THE LAUNCH OF NEW PUBLIC OPTIONS WORK AS THE NEXT PHASE OF OUR ANTIMONOPOLY PORTFOLIO. OVER THE COURSE OF THIS YEAR, OUR EVENTS, WORKSHOPS, AND COMMUNITIES OF PRACTICE CONVENED MORE THAN 5,000 PEOPLE, ENGAGING FRONTLINE ADVOCATES, TOP OFFICIALS IN THE WHITE HOUSE AND CONGRESS, AND MOVEMENT PARTNERS. WE ALSO EXPANDED OUR FOOTPRINT IN BOTH CALIFORNIA AND ILLINOIS, INVESTING IN THEM AS THE VANGUARD STATES IN ADVANCING BOLD ECONOMIC POLICIES, AND BUILDING THE POLICY PLAYBOOK FOR WHAT'S POSSIBLE ON A NATIONAL LEVEL. MEDIA AND NARRATIVE INVESTMENTS WERE KEY TO SUCCESSFUL POLICY AGENDAS IN THESE AFFILIATE STATES.

    Expenses $2,286,014 · Grants $92,499

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Natalie Foster

    PRESIDENT

    Total calculated
    $321,771
    From this org
    $262,918
    From related orgs
    $35,853
    Other
    $23,000
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $262,918 + $35,853 related
    Bonus
    $0
    Other
    $0
    Deferred
    $20,240 + $2,760 related
    Nontaxable benefits
    $0
    Filer's total
    $283,158 + $38,613 related
  • Christopher Hughes

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dorian Warren

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Felicia Wong

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Aisha Nyandoro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Taylor Jo Isenberg

    EXECUTIVE DIRECTOR

    Total calculated
    $274,456
    From this org
    $206,182
    From related orgs
    $45,259
    Other
    $23,015
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $206,182 + $45,259 related
    Bonus
    $0
    Other
    $0
    Deferred
    $18,860 + $4,140 related
    Nontaxable benefits
    $15
    Filer's total
    $225,057 + $49,399 related
  • Christine Blitz Vp Of

    COMMUNICATIONS & EXTERNAL AFFAIRS

    Total calculated
    $236,110
    From this org
    $172,619
    From related orgs
    $40,491
    Other
    $23,000
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $172,619 + $40,491 related
    Bonus
    $0
    Other
    $0
    Deferred
    $18,630 + $4,370 related
    Nontaxable benefits
    $0
    Filer's total
    $191,249 + $44,861 related
  • Harish Patel Vice President

    BUILD THE FIELD

    Total calculated
    $212,969
    From this org
    $186,000
    From related orgs
    $11,872
    Other
    $15,097
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $186,000 + $11,872 related
    Bonus
    $0
    Other
    $0
    Deferred
    $14,180 + $905 related
    Nontaxable benefits
    $11 + $1 related
    Filer's total
    $200,191 + $12,778 related
  • Adam Ruben Vice President

    CAMPAIGNS & POLITICAL STRATEGY

    Total calculated
    $298,440
    From this org
    $134,293
    From related orgs
    $164,135
    Other
    $12
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $134,293 + $164,135 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5 + $7 related
    Filer's total
    $134,298 + $164,142 related
  • Anna C Aurilio

    SENIOR DIRECTOR OF CAMPAIGNS

    Total calculated
    $234,629
    From this org
    $119,461
    From related orgs
    $79,641
    Other
    $35,527
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $119,461 + $79,641 related
    Bonus
    $0
    Other
    $0
    Deferred
    $18,300 + $12,200 related
    Nontaxable benefits
    $3,016 + $2,011 related
    Filer's total
    $140,777 + $93,852 related
  • Teresa Olle

    DIRECTOR OF ECONOMIC SECURITY CA

    Total calculated
    $210,113
    From this org
    $107,602
    From related orgs
    $71,734
    Other
    $30,777
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $107,602 + $71,734 related
    Bonus
    $0
    Other
    $0
    Deferred
    $18,300 + $12,200 related
    Nontaxable benefits
    $166 + $111 related
    Filer's total
    $126,068 + $84,045 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202502869349302365

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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