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← ACTION CENTER ON RACE AND THE ECONOMY INSTITUTE

Form 990 for tax year 2022

Filed by ACTION CENTER ON RACE AND THE ECONOMY INSTITUTE.

Totals

Total revenue
$4,677,744
Total expenses
$6,345,073
Contributions and grants received
$4,014,154
Grants paid
$0
Program service revenue
$660,727
Investment income
$0
Other revenue
$2,863
Total assets, end of year
$3,531,218
Total liabilities, end of year
$110,564
Net assets or fund balances, end of year
$3,420,654
Program services expenses (Part IX)
$5,193,726
Management and general expenses
$748,441
Fundraising expenses
$402,906
Program service expenses (Part III)
$5,193,726

Program services were 81.9% 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

    $4,014,154

  • 2a · Program service revenue: Consulting Income

    total $660,727 · related or exempt $660,727

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Income

    total $2,863 · related or exempt $2,863

  • 11e · Other revenue, total

    $2,863

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $309,841 · program services $100,160 · management and general $149,870 · fundraising $59,811

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,714,116 · program services $2,332,776 · management and general $212,338 · fundraising $169,002

  • 8 · Pension plan contributions

    total $123,834 · program services $99,067 · management and general $14,860 · fundraising $9,907

  • 9 · Other employee benefits

    total $853,450 · program services $686,493 · management and general $102,234 · fundraising $64,723

  • 10 · Payroll taxes

    total $241,387 · program services $194,166 · management and general $28,915 · fundraising $18,306

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $22,694 · management and general $22,694

  • 11c · Fees: accounting

    total $49,817 · management and general $49,817

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $835,797 · program services $720,375 · management and general $73,531 · fundraising $41,891

  • 12 · Advertising and promotion

    total $17,434 · program services $8,717 · management and general $3,487 · fundraising $5,230

  • 13 · Office expenses

    total $77,897 · program services $49,566 · management and general $23,034 · fundraising $5,297

  • 14 · Information technology

    total $140,590 · program services $111,620 · management and general $17,041 · fundraising $11,929

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $111,693 · program services $61,422 · management and general $33,514 · fundraising $16,757

  • 17 · Travel

    total $94,918 · program services $94,918

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $6,952 · program services $6,952

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $2,054 · management and general $2,054

  • 24a · Other expenses: Regrants

    total $727,000 · program services $727,000

  • 24b · Other expenses: Staff Development

    total $9,992 · management and general $9,992

  • 24c · Other expenses: Miscellaneous

    total $2,898 · management and general $2,898

  • 24d · Other expenses: Postage and Shipping

    total $697 · management and general $697

  • 24e · All other expenses

    total $2,012 · program services $494 · management and general $1,465 · fundraising $53

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,611,556 · end of year $2,743,260

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $3,478,330 · end of year $323,709

  • 4 · Accounts receivable

    beginning of year $108,552 · end of year $6,350

  • 5 · Loans and receivables from officers and key people

    end of year $411,861

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,230 · end of year $38,988

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,050 · end of year $7,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $722,497 · end of year $103,718

  • 25 · Other liabilities

    beginning of year $27,428 · end of year $6,846

  • 27 · Net assets without donor restrictions

    beginning of year $5,490,793 · end of year $3,420,654

Mission and programs · 2022

Mission

See Schedule O.

  • Programs include ways to reduce racial and economic inequality and promote economic and racial justice through public education, research and advocacy, training community organizations about economic and racial justice issues and advocacy strategies; supporting organizations in community advocacy efforts. Throughout 2022 reports were issued on the following: the Department of Homeland Security's surveillance contractors, Fidelity's investment in fossil fuels, Vanguard's investment in fossil fuels and the National Rental Home Council's efforts to block tenant protections.

    Expenses $5,193,726 · Revenue $660,727

As filed on the 2022 return.

Listed in Part VII

  • Saqib Bhatti

    Co-Exec. Dir

    Total calculated
    $133,350
    From this org
    $127,000
    From related orgs
    $0
    Other
    $6,350
    Hours/week
    33 + 2 related

  • Carrie Sloan

    Dir Special Proj.

    Total calculated
    $131,670
    From this org
    $125,400
    From related orgs
    $0
    Other
    $6,270
    Hours/week
    35

  • Vasudha Desikan

    Political Director

    Total calculated
    $129,361
    From this org
    $123,201
    From related orgs
    $0
    Other
    $6,160
    Hours/week
    35

  • Bahar Tolou

    Campaign Director

    Total calculated
    $127,484
    From this org
    $121,413
    From related orgs
    $0
    Other
    $6,071
    Hours/week
    35

  • Maurice BP-Weeks

    CO-ED THRU 8/22

    Total calculated
    $125,828
    From this org
    $119,836
    From related orgs
    $0
    Other
    $5,992
    Hours/week
    33 + 2 related

  • Michele Gilliam

    Dep Political Dir.

    Total calculated
    $115,789
    From this org
    $110,275
    From related orgs
    $0
    Other
    $5,514
    Hours/week
    35

  • Erika Thi Patterson

    Campaign Director

    Total calculated
    $114,779
    From this org
    $109,313
    From related orgs
    $0
    Other
    $5,466
    Hours/week
    35

  • Bree Carlson

    CO-ED EFF 8/22

    Total calculated
    $50,663
    From this org
    $49,790
    From related orgs
    $0
    Other
    $873
    Hours/week
    33 + 2 related

  • Christina Livingston

    President

    Total calculated
    $0
    Hours/week
    10

  • Beth Herz

    Treasurer/Secre

    Total calculated
    $0
    Hours/week
    10

  • Amisha Patel

    Director

    Total calculated
    $0
    Hours/week
    10

  • Jonathan Stith

    Director

    Total calculated
    $0
    Hours/week
    10

  • Lauren Jacobs

    Director

    Total calculated
    $0
    Hours/week
    10

  • Lisa Donner

    Director

    Total calculated
    $0
    Hours/week
    10

  • Renaye Manley

    Director

    Total calculated
    $0
    Hours/week
    10

  • Xiomara Caro Diaz

    Director

    Total calculated
    $0
    Hours/week
    10

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.

Grants on this return

No itemized grants to organizations on this return.

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349309252

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