ECONOMIC SECURITY PROJECT ACTION INC

EIN: 832050594 Public & Societal Benefit

NEW YORK, NY

Total Revenue
$2,485,007
Total Expenses
$1,696,189
Total Assets
$3,760,800
Net Assets
$3,682,433
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DE
Principal Officer
TAYLOR JO ISENBERG
Phone
7046342917
Tax Period
2023-01-01 to 2023-12-31

ECONOMIC SECURITY PROJECT ACTION INC, founded in 2018, is a community nonprofit in the Public & Societal Benefit sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $789K, a strong 32% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $1,059,881

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...

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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.

Program 2
Expenses: $58,882

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...

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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.

Program 3
Expenses: $161,926

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...

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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.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,414,945
Program Service Revenue $0
Investment Income $70,062
Other Revenue $0
TOTAL REVENUE $2,485,007

Expense Breakdown

Grants Paid $290,000
Salaries & Benefits $961,226
Fundraising Expenses $53,157
Program Expenses $1,472,057
Other Expenses $444,963
TOTAL EXPENSES $1,696,189

Year-over-Year Comparison

2023 2022 Change
Revenue $2,485,007 $2,891,137 -0.1%
Expenses $1,696,189 $2,437,769 -0.3%
Net Income $788,818 $453,368 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$587,447
Total Directors
7
$350,293
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATALIE FOSTER PRESIDENT 4.00
Officer Director
$18,564 $22,500 $331,893
DORIAN WARREN SECRETARY 1.00
Officer Director
$0 $0 $18,400
CHRISTOPHER HUGHES CHAIR 1.00
Officer Director
$0 $0 $0
FELICIA WONG TREASURER 1.00
Officer Director
$0 $0 $0
AISHA NYANDORO DIRECTOR 1.00
Director
$0 $0 $0
BEN CHIN DIRECTOR 1.00
Director
$0 $0 $0
SABEEL RAHMAN DIRECTOR 1.00
Director
$0 $0 $0
TAYLOR JO ISENBERG EXECUTIVE DIRECTOR 4.00
Officer
$19,846 $38,694 $237,154
ADAM RUBEN VICE PRESIDENT CAMPAIGNS & POLITICAL STRATEGY 4.00
Highest
$116,275 $12 $290,700
ANNA C AURILIO SENIOR DIRECTOR OF CAMPAIGNS 4.00
Highest
$73,843 $32,453 $217,060
HARISH PATEL VICE PRESIDENT BUILD THE FIELD 4.00
Highest
$11,770 $15,227 $211,393
SERGE HYACINTHE DIRECTOR OF FINANCE & ADMINISTRATION 4.00
Highest
$15,066 $34,587 $185,250
TERESA OLLE DIRECTOR OF ECONOMIC SECURITY CA 4.00
Highest
$59,753 $31,228 $180,611
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,485,007 $1,696,189 $3,760,800 $788,818
2022 $2,901,137 $2,448,662 $3,171,252 $452,475
2021 $4,464,780 $3,938,081 $2,565,044 $526,699
2020 $864,954 $2,290,426 $2,074,173 $-1,425,472
2019 $3,761,485 $1,356,897 $3,432,335 $2,404,588
2018 $1,017,591 $88,944 $970,730 $928,647
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