Issue One

Nonprofit profile at a glance

EIN
320384285
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2022990265
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public, Society Benefit N.E.C.

Reported finances

Revenue
$6,852,919
Expenses
$9,529,898
Assets
$9,375,046
Liabilities
$1,878,540

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • NICHOLAS PENNIMAN (CHIEF EXECUTIVE OFFICER)
  • ALIX FRASER (VICE PRESIDENT, TECHNOLOGY REFORM)
  • NICOLE LAGACE (VICE PRESIDENT, COMMUNICATIONS)

Highest reported compensation

  • NICHOLAS PENNIMAN (CHIEF EXECUTIVE OFFICER): $424,605 total reported compensation
  • AMELIA LEONARDI (CHIEF OPERATING OFFICER): $352,878 total reported compensation
  • LOUISA IMPERIALE (CHIEF ADVANCEMENT OFFICER): $244,019 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Issue one is the leading crosspartisan political reform organization that educates the public, engages capitol hill, and advocates for solutions to fix our broken political system.

What it reported doing in 2024

Reshaping the online information environment and the role of money in politics issue one advocates for structural democracy reforms at the state and federal levels. We advance social media reform so that americans can trust the information that shapes their choices, engage across differences in good faith, and live free in a democracy where no one is above the law. We also advance innovative solutions to reduce the distorting influence of money in politics and strengthen equal representation for all. We run campaigns, publish reports, mobilize partners, and educate legislators to advance these goals, as detailed in schedule o.issue one unites civil society, elected officials, and independent researchers in the fight to reform social media, with the aim of creating a healthier democracy for the digital age. In 2024, we helped pass the kids online safety act in the united states senate, garnering 91 votes in a divided chamber. In 2025, we worked with partners to strike down a 10 year moratorium on ai regulation in a major federal spending bill. Issue one's council for responsible social media solidified its role as a national convenor driving pragmatic, values based technology reform. By fusing research, policy strategy and bipartisan advocacy, the council continues to demonstrate how collective leadership can reclaim the digital public square for democracy.to reduce the role of money in politics, issue one led multiple sector convenings to surface bold and practical reforms achievable in today's polarized climate. We also supported promising campaign finance efforts in Montana and Maine, and helped identify an effort to scale a state level campaign finance transparency measure to congress. We continue serving as a creative hub for experimental and crosspartisan approaches to anti-corruption reforms across the united states.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 70
  • Accountability: 89
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 72.4%; rating input score 72
  • Fundraising efficiency: $4.54 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -39.1%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 18.3%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 12.4% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 12% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 19.6% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 72.4% of spending went to programs
  • Governance: 16 of 18 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6.9M in reported program spending
  • Leadership: top reported pay $425K · 27 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.7M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.