ECONOMIC SECURITY PROJECT INC

EIN: 853888872 501(c)(3) Civil Rights & Advocacy

NEW YORK, NY

Total Revenue
$14,612,906
Total Expenses
$10,157,438
Total Assets
$13,020,088
Net Assets
$11,881,283
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
TAYLOR JO ISENBERG
Phone
7046342917
Tax Period
2024-01-01 to 2024-12-31

ECONOMIC SECURITY PROJECT INC, founded in 2020, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $14.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 30% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $2,483,686 Revenue: $200

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...

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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.

Program 2
Expenses: $1,807,707

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...

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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.

Program 3
Expenses: $1,599,013

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...

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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.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,469,477
Program Service Revenue $200
Investment Income $136,529
Other Revenue $6,700
TOTAL REVENUE $14,612,906

Expense Breakdown

Grants Paid $1,669,763
Salaries & Benefits $5,447,935
Fundraising Expenses $619,901
Program Expenses $8,176,420
Other Expenses $3,039,740
TOTAL EXPENSES $10,157,438

Year-over-Year Comparison

2024 2023 Change
Revenue $14,612,906 $11,162,541 +0.3%
Expenses $10,157,438 $11,196,473 -0.1%
Net Income $4,455,468 $-33,932 -132.3%
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
5
Independent Members
4
Employees
37
Volunteers
4

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
$596,227
Total Directors
5
$321,771
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATALIE FOSTER PRESIDENT 36.00
Officer Director
$262,918 $23,000 $321,771
CHRISTOPHER HUGHES CHAIR 1.00
Officer Director
$0 $0 $0
DORIAN WARREN SECRETARY 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
TAYLOR JO ISENBERG EXECUTIVE DIRECTOR 36.00
Officer
$206,182 $23,015 $274,456
CHRISTINE BLITZ VP OF COMMUNICATIONS & EXTERNAL AFFAIRS 36.00
Highest
$172,619 $23,000 $236,110
HARISH PATEL VICE PRESIDENT BUILD THE FIELD 36.00
Highest
$186,000 $15,097 $212,969
ADAM RUBEN VICE PRESIDENT CAMPAIGNS & POLITICAL STRATEGY 36.00
Highest
$134,293 $12 $298,440
ANNA C AURILIO SENIOR DIRECTOR OF CAMPAIGNS 36.00
Highest
$119,461 $35,527 $234,629
TERESA OLLE DIRECTOR OF ECONOMIC SECURITY CA 36.00
Highest
$107,602 $30,777 $210,113
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 $14,612,906 $10,157,438 $13,020,088 $4,455,468
2023 $11,162,541 $11,196,473 $8,031,317 $-33,932
2022 $11,070,536 $10,807,870 $8,279,780 $262,666
2021 $9,565,463 $4,625,150 $8,566,805 $4,940,313
2020 $862,000 $103,500 $838,717 $758,500
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