American Security Project
- Assets
- $1.3m
- Revenue
- $693.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-4079553
Organization Overview
American Security Project is located in Washington, DC. The organization was established in 2006. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, American Security Project employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Security Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, American Security Project generated $693.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $819.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS EXEMPT PURPOSE IS TO FOSTER KNOWLEDGE AND UNDERSTANDING OF A RANGE OF NATIONAL SECURITY AND FOREIGN POLICY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wallin Coo/treasurer | Officer | 40 | $159,500 |
Jessica Yllemo Climate Security Programs Director | 40 | $114,258 | |
Norman Seip Director,president | OfficerTrustee | 2 | $0 |
Christine Todd Whitman Chairperson | OfficerTrustee | 0.2 | $0 |
Gary Hart Director,chairman Emeritus | Trustee | 0.2 | $0 |
Stephen A Cheney Director,president Emeritus | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neon Projects Llc Implement Program Activities | 12/30/20 | $137,500 |
Trustom Strategy Llc Implement Program Activities | 12/30/20 | $125,000 |
Drum Video Production | 12/30/20 | $129,153 |
Trilogy Interactive Llc Digital Strategy & Communications | 12/30/20 | $329,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $693,141 |
| Noncash contributions included in lines 1a–1f | $10,278 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,141 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $693,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,417 |
| Compensation of current officers, directors, key employees. | $32,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,228 |
| Payroll taxes | $25,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,364 |
| Fees for services: Accounting | $13,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,209 |
| Advertising and promotion | $1,050 |
| Office expenses | $15,544 |
| Information technology | $100,177 |
| Royalties | $0 |
| Occupancy | $170,688 |
| Travel | $12,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,116 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214 |
| Insurance | $4,529 |
| All other expenses | $4,606 |
| Total functional expenses | $819,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,662 |
| Savings and temporary cash investments | $149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,398 |
| Net Land, buildings, and equipment | $2,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $966,157 |
| Total assets | $1,263,506 |
| Accounts payable and accrued expenses | $83,518 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $896,200 |
| Total liabilities | $979,718 |
| Net assets without donor restrictions | $233,176 |
| Net assets with donor restrictions | $50,612 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,263,506 |