Economic Security Project Inc
- Assets
- $8.6m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 29
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-3888872
Organization Overview
Economic Security Project Inc is located in New York, NY. According to its NTEE Classification (R01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Economic Security Project Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Security Project Inc 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 12/2021, Economic Security Project Inc generated $9.6m in total revenue. All expenses for the organization totaled $4.6m during the year ending 12/2021.
Since 2021, Economic Security Project Inc has awarded 15 individual grants totaling $550,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH TAX CREDIT: CASH PROVIDES PREDICTABILITY, EMPOWERING FAMILIES NOT JUST TO MAKE ENDS MEET, BUT TO MAKE CHOICES THAT ARENT CONSTRAINED BY FINANCIAL INSECURITY. ECONOMIC SECURITY PROJECT IS FIGHTING TO EXPAND AND MODERNIZE CASH TAX CREDITS, SO THAT THEY WORK MORE POWERFULLY FOR MORE PEOPLE. WE AIM TO MAKE THE EXPANDED MONTHLY CHILD TAX CREDIT PERMANENT, AND TO UPDATE THE EARNED INCOME TAX CREDIT (EITC). AN IMPROVED EITC WOULD ARRIVE, LIKE THE CHILD TAX CREDIT, WITHOUT THE RECIPIENT EVEN HAVING TO FILE FOR IT, AS AN AUTOMATIC MONTHLY PAYMENT, RATHER THAN A LUMP SUM AT TAX TIME. THESE MONTHLY CASH PAYMENTS WOULD HELP SMOOTH INCOME VOLATILITY, AFFORDING PEOPLE BASELINE STABILITY SO THEY CAN MEET THEIR REGULAR EXPENSES AND MAKE PLANS WITH CONFIDENCE. WE ARE ALSO WORKING TO ENSURE THESE POPULAR CREDITS ARE EASY TO RECEIVE, AND WIDELY AND EQUITABLY AVAILABLE, REGARDLESS OF A PERSONS IMMIGRATION STATUS OR INCOME LEVEL. THE CREDITS SHOULD INCLUDE LOW INCOME STUDENTS, AND THOSE WHOSE WORK HAS BEEN OVERLOOKED IN THE PAST - SUCH AS PARENTS OR OTHER CAREGIVERS CARING FOR YOUNG CHILDREN AND THOSE WHO TAKE CARE OF SICK, DISABLED, OR ELDERLY FAMILY MEMBERS.ANTI-MONOPOLY FUND: THE ANTIMONOPOLY FUND (AMF) WAS LAUNCHED IN THE FALL OF 2019 TO FULFILL A CRITICAL NEED AT A PIVOTAL TIME: TO RESOURCE, COBUILD, AND UNITE A BURGEONING FACTION OF ANTIMONOPOLY ACTIVISTS AND THINKERS INTO A MOVEMENT THAT CAN SERIOUSLY CHALLENGE CONCENTRATED CORPORATE POWER. ECONOMIC SECURITY PROJECT IS BOLSTERING A DYNAMIC NEW MOVEMENT AGAINST MONOPOLIES BY WORKING WITH THE PEOPLE MOST AFFECTED-WORKERS, SMALL BUSINESSES, PEOPLE OF COLOR, AND OTHER CONSTITUENCIES. WE ARE: SUPPORTING AND AMPLIFYING LEADERS WHO ARE TILTING THE BALANCE OF POWER BACK FROM CORPORATIONS TO PEOPLE; GROWING THE FIELD BY SEEDING ANTIMONOPOLY NEWCOMERS AND EXPANDING CAPACITIES OF ANTIMONOPOLY VANGUARDS; RESOURCING TIMELY INITIATIVES TO BUILD MOMENTUM; FUNDING NEW STRANDS OF EMPIRICAL RESEARCH; AND SHIFTING CULTURAL NARRATIVES AROUND MONOPOLY POWER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Sova-Claypool Digital Director | 40 | $116,397 | |
Jacob Hajdu Director Of Outreach | 40 | $115,444 | |
Adam Ruben Campaigns Director | 14 | $55,229 | |
Pedro Morillas State Campaigns Director | 11 | $35,625 | |
Teresa Olle California Campaign Director | 10 | $31,283 | |
Natalie Foster See Sched O President | OfficerTrustee | 36 | $20,031 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skdk Strategic Communication | 12/30/21 | $666,442 |
Ab Partners Creative Media Consulting | 12/30/21 | $209,075 |
Murray Street Services Llc Strategic Leadership Cons. | 12/30/21 | $172,563 |
Tides Advocacydata For Progress Polling Services Consulting | 12/30/21 | $173,500 |
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 | $9,559,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,559,144 |
| Total Program Service Revenue | $6,319 |
| 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 | $9,565,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $550,100 |
| 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. | $36,809 |
| Compensation of current officers, directors, key employees. | $14,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,232,706 |
| Pension plan accruals and contributions | $19,025 |
| Other employee benefits | $138,854 |
| Payroll taxes | $98,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,951 |
| Fees for services: Accounting | $102,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,426,857 |
| Advertising and promotion | $827,174 |
| Office expenses | $5,511 |
| Information technology | $171 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,288 |
| All other expenses | $14 |
| Total functional expenses | $4,625,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,876,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,364,262 |
| 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 | $107,149 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,860 |
| Total assets | $8,566,805 |
| Accounts payable and accrued expenses | $393,912 |
| Grants payable | $974,082 |
| 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 | $1,367,994 |
| Net assets without donor restrictions | $3,541,980 |
| Net assets with donor restrictions | $3,656,831 |
| 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 | $8,566,805 |
Grants Awarded
Over the last fiscal year, Economic Security Project Inc has awarded $550,100 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: AMERICAN ECONOMIC LIBERTIES PROJECT (ECONOMIC LIBERTIES) IS SEEKING TO EMBED ANTIMONOPOLY STRATEGIES AND POLICY TOOLS INTO THE PROGRESSIVE MOVEMENT'S FIGHT FOR ECONOMIC JUSTICE AND INCLUSIVE DEMOCRACY. WE AIM TO BUILD COALITIONS THAT DRAW IN DIVERSE NEW STAKEHOLDERS, DEVELOP AND ELEVATE ACTIONABLE POLICY SOLUTIONS ROOTED IN A CORPORATE POWER ANALYSIS, AND FEED INTO TO THE OVERALL NARRATIVE THAT CONCENTRATED CORPORATE POWER IS INCOMPATIBLE WITH BROAD-BASED PROSPERITY AND A RESILIENT, INCLUSIVE DEMOCRACY. | $125,000 |
Washington, DC PURPOSE: WE AIM TO BUILD COALITIONS THAT DRAW IN DIVERSE NEW STAKEHOLDERS, DEVELOP AND ELEVATE ACTIONABLE POLICY SOLUTIONS ROOTED IN A CORPORATE POWER ANALYSIS, AND FEED INTO TO THE OVERALL NARRATIVE THAT CONCENTRATED CORPORATE POWER IS INCOMPATIBLE WITH BROAD-BASED PROSPERITY AND A RESILIENT, INCLUSIVE DEMOCRACY.. | $100,000 |
Seattle, WA PURPOSE: NOW THAT THE WORKING FAMILIES TAX CREDIT (WFTC) IS EXPANDED AND FUNDED IN WASHINGTON STATE, WE KNOW THAT EQUITABLE AND ACCESSIBLE IMPLEMENTATION WILL BE KEY TO THE POLICY'S SUCCESS. SOLID GROUND'S STATEWIDE POVERTY ACTION NETWORK, IN PARTNERSHIP WITH THE WASHINGTON STATE BUDGET & POLICY CENTER, IS REQUESTING SUPPORT TO ENSURE THAT WFTC IMPLEMENTATION IS INFORMED BYTHOSE WHO WOULD BENEFIT FROM THE POLICY MOST. THIS REQUEST WOULD SUPPORT OUR COALITION'S ORGANIZING EFFORTS, OUR WORK WITH THE DEPARTMENT OF REVENUE (DOR) THE STATE'S ADMINISTERING BODY TO ENSURE EQUITABLE RULE-MAKING AND IMPLEMENTATION, AND OUR FUTURE LEGISLATIVE EFFORTS TO CORRECT UNINTENDED IMPACTS FROM LAST MINUTE AMENDMENTS IN THE 2021 LEGISLATIVE SESSION. | $60,000 |
Trenton, NJ PURPOSE: NEW JERSEY POLICY PERSPECTIVE WILL WORK TO EDUCATE COMMUNITY LEADERS AND THE PUBLIC ABOUT THE BENEFITS OF BROADENING CASH PAYMENT PROGRAMS IN NEW JERSEY, INCLUDING BROAD TANF IMPROVEMENTS, AS WELL AS ENHANCING FUND LEVELS AVAILABLE THROUGH THE ENJF. BUILDING ON THE MOMENTUM AROUND EXISTING EITC PROPOSALS, NJPP AND OUR COALITION PARTNERS WILL BROADEN THE PUBLIC CONVERSATION TO INCLUDE ADDITIONAL PROGRESSIVE TAX CREDIT IDEAS SUCH AS: EXPANDING THE EITC TO ITIN FILERS, IMPROVING AND MAKING PERMANENT THE CHILD AND DEPENDENT CARE TAX CREDIT, ESTABLISHING A STATE-LEVEL CHILD TAX CREDIT, AND BUILDING SUPPORT FOR A READY RETURN PROGRAM. | $40,000 |
Boston, MA PURPOSE: FUNDING FROM THE ECONOMIC SECURITY PROJECT WILL SUPPORT OUR EFFORTS TO PROVIDE TIMELY RESEARCH AND ANALYSIS AND OUR ABILITY TO MEANINGFULLY ENGAGE PARTNERS ON ADVOCACY, COMMUNICATIONS, AND POLICY EDUCATION EFFORTS. | $40,000 |
Providence, RI PURPOSE: ANTI-MONOPOLY RESEARCH SUPPORT FOR ERIK PEINERT - PROJECT "MASKING PROTECTIONISM AS FREE TRADE: THE ROLE OF ANTITRUST" | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Economic Security Project Inc has recieved totaling $8,314,683.
| Awarding Organization | Amount |
|---|---|
Hopewell Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $2,234,683 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR THE ANTI-AUSTERITY WAR ROOM | $1,000,000 |
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF PROMOTING LONG-TERM ECONOMIC OPPORTUNITY AND IMPROVED ACCESS TO BENEFITS FOR LOW- AND MIDDLE-INCOME AMERICANS | $1,000,000 |
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF PROMOTING LONG-TERM ECONOMIC OPPORTUNITY AND IMPROVED ACCESS TO BENEFITS FOR LOW- AND MIDDLE-INCOME AMERICANS | $1,000,000 |
Ford Foundation New York, NY PURPOSE: FOR INVEST IN AMERICA TO SUPPORT ROBUST PUBLIC INVESTMENT BOTH TO COMBAT THE CORONAVIRUS CRISIS IN THE SHORT-TERM AND TO CREATE GROWTH AND PROSPERITY IN THE LONG-TERM | $500,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR THE ANTI-AUSTERITY WAR ROOM | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Security Project Inc New York, NY | $8,566,805 | $9,565,463 |
Womens March Inc Brooklyn, NY | $718,292 | $3,624,981 |
Jerome Levy Foundation New York, NY | $40,571,361 | $1,886,136 |
Pennsylvania Voice Philadelphia, PA | $3,140,883 | $3,984,614 |
Studentsfirst New York Inc New York, NY | $2,677,249 | $1,921,916 |
Fair Factories Clearinghouse Inc Lexington, MA | $635,126 | $2,116,858 |
All Out Action Fund Inc Long Island City, NY | $2,179,491 | $2,419,145 |
Bagly Inc Boston, MA | $1,258,862 | $2,003,712 |
Free Press Action Fund Florence, MA | $823,216 | $847,721 |
Ai For The People Brooklyn, NY | $234,428 | $877,490 |
Oxfam America Action Fund Inc Boston, MA | $698,027 | $785,636 |
Death Penalty Action Ghent, NY | $5,645 | $424,043 |