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Nonprofiteer
← ECONOMIC SECURITY PROJECT ACTION INC

Form 990 for tax year 2024

Filed by ECONOMIC SECURITY PROJECT ACTION INC.

Totals

Total revenue
$4,599,042
Total expenses
$3,608,308
Contributions and grants received
$4,389,893
Grants paid
$984,979
Program service revenue
$0
Investment income
$209,149
Other revenue
$0
Total assets, end of year
$5,948,502
Total liabilities, end of year
$1,258,046
Net assets or fund balances, end of year
$4,690,456
Program services expenses (Part IX)
$3,073,383
Management and general expenses
$478,855
Fundraising expenses
$56,070
Program service expenses (Part III)
$3,073,383

Program services were 85.2% 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

    $4,389,893

  • 1g · Noncash contributions included above

    $229,891

  • 3 · Investment income

    total $223,534 · excluded $223,534

  • 7a · Gross sales of assets other than inventory

    securities $1,766,917

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

    securities $1,781,302

  • 7c · Gain or loss

    securities -$14,385

  • 7d · Net gain or loss

    total -$14,385 · excluded -$14,385

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $984,979 · program services $984,979

  • 5 · Compensation of officers, directors and key employees

    total $88,012 · program services $69,233 · management and general $15,625 · fundraising $3,154

  • 7 · Other salaries and wages

    total $1,177,261 · program services $926,076 · management and general $208,993 · fundraising $42,192

  • 8 · Pension plan contributions

    total $32,541 · program services $25,598 · management and general $5,777 · fundraising $1,166

  • 9 · Other employee benefits

    total $94,295 · program services $74,176 · management and general $16,740 · fundraising $3,379

  • 10 · Payroll taxes

    total $64,184 · program services $50,490 · management and general $11,394 · fundraising $2,300

  • 11b · Fees: legal

    total $25,852 · program services $7,165 · management and general $18,687

  • 11c · Fees: accounting

    total $46,949 · program services $13,011 · management and general $33,938

  • 11d · Fees: lobbying

    total $40,000 · program services $40,000

  • 11f · Fees: investment management

    total $11,710 · management and general $11,710

  • 11g · Fees: other

    total $688,304 · program services $623,700 · management and general $64,604

  • 12 · Advertising and promotion

    total $134,847 · program services $134,847

  • 13 · Office expenses

    total $132,909 · program services $101,411 · management and general $31,498

  • 14 · Information technology

    total $18,012 · management and general $14,133 · fundraising $3,879

  • 17 · Travel

    total $22,350 · program services $21,789 · management and general $561

  • 23 · Insurance

    total $17,578 · management and general $17,578

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $28,175 · program services $908 · management and general $27,267

  • 24b · Other expenses: STATE & FEDERAL TAXES

    total $350 · management and general $350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $789,086 · end of year $694,612

  • 2 · Savings and temporary cash investments

    beginning of year $888,831 · end of year $969,243

  • 3 · Pledges and grants receivable

    beginning of year $32,226 · end of year $1,000,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,000 · end of year $4,485

  • 11 · Investments: publicly traded securities

    beginning of year $2,026,657 · end of year $3,280,162

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,954 · end of year $80,865

  • 18 · Grants payable

    beginning of year $0 · end of year $422,500

  • 25 · Other liabilities

    beginning of year $15,413 · end of year $754,681

  • 27 · Net assets without donor restrictions

    beginning of year $2,869,534 · end of year $3,611,596

  • 28 · Net assets with donor restrictions

    beginning of year $812,899 · end of year $1,078,860

Mission and programs · 2024

Mission

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

  • A CAMPAIGNS - OUR ORGANIZATION WORKS TO WIN CASH TAX CREDITS AT THE FEDERAL AND STATE LEVEL TO DELIVER MORE MONEY TO PEOPLE. THIS PAST YEAR, WE HELPED SECURE NEW OR EXPANDED CHILD TAX CREDITS IN STATES, PUTTING MONEY BACK IN PEOPLE'S POCKETS. WE ALSO LAUNCHED AN AFFILIATE IN CALIFORNIA, ECONOMIC SECURITY CALIFORNIA ACTION (ESCAA) TO RESHAPE CALIFORNIA'S ECONOMIC LANDSCAPE BY CHAMPIONING CASH POLICIES AND CHALLENGING CORPORATE CONSOLIDATION. ESCAA LED THE LEADING PUBLIC CAMPAIGN AROUND AI LEGISLATION, CO-SPONSORING SB 1047, WHICH WOULD CREATE A PUBLIC OPTION FOR COMPUTING POWER AND PUT COMMON SENSE SAFETY GUARDRAILS IN PLACE.

    Expenses $1,817,466 · Grants $497,700

  • BUILD THE FIELD (BTF) SHAPING MARKETS - WE ADVANCE FAIR AND HEALTHY MARKETS BY CHAMPIONING COMPETITION AND PUBLIC OPTIONS TO BUILD ECONOMIC POWER BACK FOR FAMILIES.

    Expenses $656,663 · Grants $477,279

  • BUILD THE FIELD (BTF) CASH - WE DEVELOPED THE BLUEPRINT FOR A GUARANTEED INCOME, THE TEN-YEAR VISION TO WINNING A GUARANTEED INCOME, TO THE MEMBERS OF THE GUARANTEED INCOME COMMUNITY OF PRACTICE. THIS LED TO THE ESTABLISHMENT OF A CASH COALITION AND STRATEGIC POLICY GOALS FOR ACHIEVING A GUARANTEED INCOME. BUILDING ON OUR RESEARCH AROUND CASH, WE DEVELOPED A STRATEGY TO EDUCATE AND ENGAGE PERSUADABLE AUDIENCES AROUND CASH IDEAS.

    Expenses $8,829 · Grants $5,000

  • THIS WAS A YEAR OF BIG WINS AND BIG MOMENTUM, WITH HUGE WINS ON CASH POLICIES, EXPANSION OF THE NATIONAL MOVEMENT FOR A GUARANTEED INCOME, AND ANTIMONOPOLY ACTION TO SHAPE MARKETS TO WORK FOR FAMILIES. 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 $590,425 · Grants $5,000

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
    $35,853
    From related orgs
    $262,918
    Other
    $23,000
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $35,853 + $262,918 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,760 + $20,240 related
    Nontaxable benefits
    $0
    Filer's total
    $38,613 + $283,158 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
  • 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
    $274,456
    From this org
    $45,259
    From related orgs
    $206,182
    Other
    $23,015
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $45,259 + $206,182 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,140 + $18,860 related
    Nontaxable benefits
    $0 + $15 related
    Filer's total
    $49,399 + $225,057 related
  • Adam Ruben Vice President

    CAMPAIGNS & POLITICAL STRATEGY

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

    Schedule J breakdown matched by us

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

    SENIOR DIRECTOR OF CAMPAIGNS

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

    Schedule J breakdown matched by us

    Base
    $79,641 + $119,461 related
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200 + $18,300 related
    Nontaxable benefits
    $2,011 + $3,016 related
    Filer's total
    $93,852 + $140,777 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
    4 + 36 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
  • Harish Patel Vice President

    BUILD THE FIELD

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

    Schedule J breakdown matched by us

    Base
    $11,872 + $186,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $905 + $14,180 related
    Nontaxable benefits
    $1 + $11 related
    Filer's total
    $12,778 + $200,191 related
  • Christine Blitz Vp Of

    COMMUNICATIONS & EXTERNAL AFFAIRS

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

    Schedule J breakdown matched by us

    Base
    $40,491 + $172,619 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,370 + $18,630 related
    Nontaxable benefits
    $0
    Filer's total
    $44,861 + $191,249 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
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202542869349301849

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

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