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Nonprofiteer
← ECONOMIC SECURITY PROJECT ACTION INC

Form 990 for tax year 2023

Filed by ECONOMIC SECURITY PROJECT ACTION INC.

Totals

Total revenue
$2,485,007
Total expenses
$1,696,189
Contributions and grants received
$2,414,945
Grants paid
$290,000
Program service revenue
$0
Investment income
$70,062
Other revenue
$0
Total assets, end of year
$3,760,800
Total liabilities, end of year
$78,367
Net assets or fund balances, end of year
$3,682,433
Program services expenses (Part IX)
$1,472,057
Management and general expenses
$170,975
Fundraising expenses
$53,157
Program service expenses (Part III)
$1,472,057

Program services were 86.8% 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.

  • 1f · All other contributions, gifts and grants

    $2,414,945

  • 1g · Noncash contributions included above

    $1,211,075

  • 3 · Investment income

    total $50,236 · excluded $50,236

  • 7a · Gross sales of assets other than inventory

    securities $1,230,901

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

    securities $1,211,075

  • 7c · Gain or loss

    securities $19,826

  • 7d · Net gain or loss

    total $19,826 · excluded $19,826

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $290,000 · program services $290,000

  • 5 · Compensation of officers, directors and key employees

    total $42,132 · program services $33,135 · management and general $2,415 · fundraising $6,582

  • 7 · Other salaries and wages

    total $755,705 · program services $683,743 · management and general $34,785 · fundraising $37,177

  • 8 · Pension plan contributions

    total $24,827 · program services $22,307 · management and general $1,158 · fundraising $1,362

  • 9 · Other employee benefits

    total $71,710 · program services $64,433 · management and general $3,344 · fundraising $3,933

  • 10 · Payroll taxes

    total $66,852 · program services $57,671 · management and general $5,661 · fundraising $3,520

  • 11b · Fees: legal

    total $7,801 · program services $4,378 · management and general $3,423

  • 11c · Fees: accounting

    total $42,582 · management and general $42,582

  • 11d · Fees: lobbying

    total $15,000 · program services $15,000

  • 11f · Fees: investment management

    total $1,566 · management and general $1,566

  • 11g · Fees: other

    total $297,666 · program services $295,166 · management and general $2,500

  • 13 · Office expenses

    total $14,843 · program services $2,447 · management and general $12,396

  • 17 · Travel

    total $3,091 · program services $3,066 · fundraising $25

  • 23 · Insurance

    total $21,118 · management and general $21,118

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $41,223 · program services $638 · management and general $40,027 · fundraising $558

  • 24b · Other expenses: MEALS & ENTERTAINMENT

    total $73 · program services $73

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,103 · end of year $789,086

  • 2 · Savings and temporary cash investments

    beginning of year $2,237,801 · end of year $888,831

  • 3 · Pledges and grants receivable

    beginning of year $675,000 · end of year $32,226

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,348 · end of year $24,000

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $2,026,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $178,140 · end of year $62,954

  • 18 · Grants payable

    beginning of year $10,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $89,497 · end of year $15,413

  • 27 · Net assets without donor restrictions

    beginning of year $1,662,860 · end of year $2,869,534

  • 28 · Net assets with donor restrictions

    beginning of year $1,230,755 · end of year $812,899

Mission and programs · 2023

Mission

ECONOMIC SECURITY PROJECT ACTION ADVOCATES FOR IDEAS THAT BUILD ECONOMIC POWER FOR ALL AMERICANS. WE AIM TO CHECK CORPORATE POWER THROUGH ANTIMONOPOLY ACTION AND SHAPING MARKETS, CHAMPION A GUARANTEED INCOME, AND ADVOCATE FOR CASH TAX CREDITS. TO ACHIEVE THIS, OUR TEAM DISBURSES GRANTS, RUNS ISSUE CAMPAIGNS, DEVELOPS CREATIVE INTERVENTIONS AND RESEARCH, AND CONVENES THE FIELD TO ADVANCE OUR ISSUES AND TURN BOLD IDEAS INTO REALITY.

  • OUR CASH TAX CREDIT (CTC) IN THE STATES INITIATIVE, DESIGNED TO SHIFT FEDERAL ENERGY FOR A MODERNIZED CTC TO THE STATES, SURPASSED ALL EXPECTATIONS, SUPPORTING THE PASSAGE OF EXPANDED OR IMPROVED TAX CREDITS IN OVER 18 STATES, RESULTING IN OVER $2 BILLION IN OVER 4 MILLION HOUSEHOLDS THIS YEAR ALONE. EVEN AS THAT WORK PICKED UP STEAM, WE KEPT UP THE DRUMBEAT FOR THE FEDERAL CTC.

    Expenses $1,059,881 · Grants $190,000

  • ON GUARANTEED INCOME (GI), WE LED A RENEWED NATIONAL CONVERSATION AROUND GI AND LIFTED-UP THE EFFECTIVENESS OF PILOT PROGRAMS. IN PARALLEL WE SET THE AGENDA BY BUILDING THE TEN YEAR VISION TO WINNING A GI WITH THE BLUEPRINT FOR A GUARANTEED INCOME, COLLECTIVELY BUILT BY HUNDREDS OF MEMBERS OF THE GUARANTEED INCOME COMMUNITY OF PRACTICE, WHICH GREW TO 1,000+ MEMBERS.

    Expenses $58,882

  • TO SHAPE MARKETS TO WORK FOR PEOPLE, WE PROVIDED CRUCIAL FUNDING TO THE COALITION FIGHTING FOR A NONCOMPETES BAN FOR WORKERS, ORGANIZED INFLUENTIAL GRASSTOPS LEADERS, AND RAISED THE ISSUE'S VISIBILITY THROUGH NATIONAL MEDIA COVERAGE AND COMPELLING TESTIMONIES HIGHLIGHTING THE IMPLICATIONS FOR WORKERS. WE'VE ALSO JUMPED INTO THE DEBATE ON POLITICAL ECONOMY AND ARTIFICIAL INTELLIGENCE WITH THE FIRST ANTIMONOPOLY & AI EVENT IN DC, SEIZING THE OPPORTUNITY TO DEMONSTRATE THAT WE CAN EITHER SHAPE MARKETS TO DELIVER BROAD-BASED PROSPERITY, OR ENTRENCH WEALTH AND POWER IN THE HANDS OF A FEW INDIVIDUALS AND CORPORATIONS.

    Expenses $161,926 · Grants $100,000

  • OVER THE COURSE OF THIS YEAR, OUR EVENTS, WORKSHOPS, AND COMMUNITIES OF PRACTICE HAVE CONVENED OVER 1,000 PEOPLE, ENGAGING FRONTLINE ADVOCATES, TOP OFFICIALS IN THE WHITE HOUSE, AND LONG-TIME COLLABORATORS. WE ALSO EXPANDED OUR FOOTPRINT IN BOTH CALIFORNIA AND ILLINOIS, INVESTING IN THEM AS THE VANGUARD STATES IN ADVANCING BOLD ECONOMIC POLICIES.

    Expenses $191,368

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • NATALIE FOSTER

    PRESIDENT

    Total calculated
    $331,893
    From this org
    $18,564
    From related orgs
    $290,829
    Other
    $22,500
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $18,564 + $290,829 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,350 + $21,150 related
    Nontaxable benefits
    $0
    Filer's total
    $19,914 + $311,979 related

  • DORIAN WARREN

    SECRETARY

    Total calculated
    $18,400
    From this org
    $0
    From related orgs
    $18,400
    Other
    $0
    Hours/week
    1 + 1 related

  • CHRISTOPHER HUGHES

    CHAIR

    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

  • BEN CHIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SABEEL RAHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR JO ISENBERG

    EXECUTIVE DIRECTOR

    Total calculated
    $237,154
    From this org
    $19,846
    From related orgs
    $178,614
    Other
    $38,694
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $19,846 + $178,614 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,205 + $19,846 related
    Nontaxable benefits
    $166 + $16,477 related
    Filer's total
    $22,217 + $214,937 related

  • ADAM RUBEN VICE PRESIDENT

    CAMPAIGNS & POLITICAL STRATEGY

    Total calculated
    $290,700
    From this org
    $116,275
    From related orgs
    $174,413
    Other
    $12
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $116,275 + $174,413 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5 + $7 related
    Filer's total
    $116,280 + $174,420 related

  • ANNA C AURILIO

    SENIOR DIRECTOR OF CAMPAIGNS

    Total calculated
    $217,060
    From this org
    $73,843
    From related orgs
    $110,764
    Other
    $32,453
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $73,843 + $110,764 related
    Bonus
    $0
    Other
    $0
    Deferred
    $11,287 + $16,931 related
    Nontaxable benefits
    $1,694 + $2,541 related
    Filer's total
    $86,824 + $130,236 related

  • HARISH PATEL VICE PRESIDENT

    BUILD THE FIELD

    Total calculated
    $211,393
    From this org
    $11,770
    From related orgs
    $184,396
    Other
    $15,227
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $11,770 + $184,396 related
    Bonus
    $0
    Other
    $0
    Deferred
    $888 + $13,910 related
    Nontaxable benefits
    $26 + $403 related
    Filer's total
    $12,684 + $198,709 related

  • SERGE HYACINTHE

    DIRECTOR OF FINANCE & ADMINISTRATION

    Total calculated
    $185,250
    From this org
    $15,066
    From related orgs
    $135,597
    Other
    $34,587
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $15,066 + $135,597 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,871 + $25,843 related
    Nontaxable benefits
    $587 + $5,286 related
    Filer's total
    $18,524 + $166,726 related

  • TERESA OLLE

    DIRECTOR OF ECONOMIC SECURITY CA

    Total calculated
    $180,611
    From this org
    $59,753
    From related orgs
    $89,630
    Other
    $31,228
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $59,753 + $89,630 related
    Bonus
    $0
    Other
    $0
    Deferred
    $12,000 + $18,000 related
    Nontaxable benefits
    $491 + $737 related
    Filer's total
    $72,244 + $108,367 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3:
ESPA INC RELIES ON A RELATED ORGANIZATION, ESP INC., TO DETERMINE COMPENSATION OF ITS OFFICERS. THE FOLLOWING METHODS WERE USED TO DETERMINE COMPENSATION: COMPENSATION SURVEY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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
2023
Filed
14 August 2024
IRS schema version
2023v5.1
Source object
202442289349302444

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

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