Economic Security Project Inc
Nonprofit profile at a glance
- EIN
- 853888872
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 7046342917
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $14,612,906
- Expenses
- $10,157,438
- Assets
- $13,020,088
- Liabilities
- $1,138,805
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- NATALIE FOSTER (PRESIDENT)
- TAYLOR JO ISENBERG (EXECUTIVE DIRECTOR)
Highest reported compensation
- NATALIE FOSTER (PRESIDENT): $321,771 total reported compensation
- ADAM RUBEN VICE PRESIDENT (CAMPAIGNS & POLITICAL STRATEGY): $298,440 total reported compensation
- TAYLOR JO ISENBERG (EXECUTIVE DIRECTOR): $274,456 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 80% for direct work, and 20% for grants.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 80
- Accountability: 88
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.4%; rating input score 56
- Program expense ratio: 80.5%; rating input score 80
- Fundraising efficiency: $23.34 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 94.4%; rating input score 94; 24th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 30.5%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 1.28; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 13.2%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 31.7% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 35.4% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 37.7% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 56.4% of revenue deployed · 80.5% of spending went to programs
- Governance: 4 of 5 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $8.2M in reported program spending
- Leadership: top reported pay $322K · 11 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $779K reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 44 filed money-flow records
- Related organizations: 38 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.