Partnership For A New American Economy Action Fund Inc
- Assets
- $0.0
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 23
- Location
- Washington, DC
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 27-3604435
Organization Overview
Partnership For A New American Economy Action Fund Inc is located in Washington, DC. The organization was established in 2012. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Partnership For A New American Economy Action Fund Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership For A New American Economy Action Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Partnership For A New American Economy Action Fund Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 4 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERSHIP FOR A NEW AMERICAN ECONOMY ACTION FUND, INC. (PNAEAF) WAS FORMED TO SUPPORT EFFORTS TO INFORM POLICY-MAKERS, THE MEDIA, AND THE PUBLIC ABOUT THE ECONOMIC MERITS OF REFORMING IMMIGRATION POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, PARTNERSHIP FOR A NEW AMERICAN ECONOMY ACTION FUND, INC. (PNAEAF) WORKED WITH PARTNERS INCLUDING MAYORS' OFFICES, CHAMBERS OF COMMERCE, AND OTHERS, AS WELL AS ENGAGED CONSULTANTS, TO ORGANIZE LEADERS IN STATES AROUND THE COUNTRY TO ADVOCATE FOR A BETTER IMMIGRATION SYSTEM; HELD DOZENS OF VIRTUAL STATE EVENTS IN WHICH LOCAL LEADERS DISCUSSED THE ECONOMIC BENEFITS OF IMMIGRATION REFORM; ENGAGED ECONOMISTS, LEGISLATIVE AIDES, AND ADVOCACY ORGANIZATIONS IN HELPING ELECTED OFFICIALS MEET THE CHALLENGES AROUND PROTECTING IMMIGRANT AND OTHER COMMUNITIES IN COVID; AND ENGAGED CITIES IN THE DEVELOPMENT AND IMPLEMENTATION OF NEW POLICIES TO PROMOTE IMMIGRANT INTEGRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Feinblatt Chairman & Treasurer (eff. 10/28/21) | OfficerTrustee | 2 | $0 |
Elizabeth Buckley Lewis Vice-Chair & Secretary | OfficerTrustee | 0.5 | $0 |
Jeremy Robbins Exec. Dir & Treas (thru 10/28/21) | OfficerTrustee | 37 | $231,791 |
Hanna Siegel Managing Director | Officer | 40 | $224,952 |
Katherine Steinberg Director Of Content Strategy | 40 | $165,600 | |
Daniel Wallace Deputy Managing Director | 40 | $151,857 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Geller And Company Llc Financial And Advisory Services | 12/30/21 | $446,235 |
Venable Llc Legal Services | 12/30/21 | $370,652 |
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 | $2,490,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,490,687 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,543,734 |
| 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. | $472,911 |
| Compensation of current officers, directors, key employees. | $11,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,726 |
| Pension plan accruals and contributions | $28,979 |
| Other employee benefits | $158,012 |
| Payroll taxes | $63,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $367,503 |
| Fees for services: Accounting | $446,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $43,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $888,824 |
| Advertising and promotion | $0 |
| Office expenses | $25,732 |
| Information technology | $58,546 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,071 |
| Insurance | $21,846 |
| All other expenses | $23,297 |
| Total functional expenses | $2,958,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |