Partnership for a New American Economy Action Fund Inc

Nonprofit profile at a glance

EIN
273604435
IRS 990 coverage
2020–2020
Forms available
Form 990 2020
Location
New York, NY, USA
Phone
2125836000
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Citizen Participation

Official website

Reported finances

Revenue
$3,281,332
Expenses
$2,322,105
Assets
$1,456,677
Liabilities
$92,134

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Highest reported compensation

  • JEREMY ROBBINS (TREASURER, DIRECTOR, EXECUTIVE DIR.): $324,563 total reported compensation
  • HANNA SIEGEL (MANAGING DIRECTOR): $268,689 total reported compensation
  • KATHERINE STEINBERG (DIRECTOR OF CONTENT STRATEGY): $183,399 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2020

During 2020, 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.

Operating model

Revenue model
Donor-supported. 100% 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.

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: 60
  • Transparency & Controls: 74
  • Accountability: 76
  • Sustainability: 53
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.6%; rating input score 50
  • Program expense ratio: 70%; rating input score 70
  • Fundraising efficiency: $52.23 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 10th 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.2%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 50.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 49.6% of revenue deployed · 70% of spending went to programs
  • Governance: 2 of 3 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $325K · 8 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $460K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Contacts: How to reach this organization
  • Money network: 6 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.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.