Romero Institute
Nonprofit profile at a glance
- EIN
- 953527131
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-N 2021
- Location
- Santa Cruz, CA, USA
- Phone
- 8314596135
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,005,493
- Expenses
- $2,894,634
- Assets
- $548,987
- Liabilities
- $147,880
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- DANIEL SHEEHAN (PRESIDENT)
- SARA NELSON (VICE PRESIDENT)
Highest reported compensation
- DANIEL SHEEHAN (PRESIDENT): $145,011 total reported compensation
- SARA NELSON (VICE PRESIDENT): $145,011 total reported compensation
- KAREN K JUAREZ (EMPLOYEE): $108,786 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Expose systemic injustice and implement strategic solutions for global warming, economic inequality, human and indigenous rights. Interfaith law and policy center using impact litigation, investigation, grassroots organizing, and public education to achieve sustainable goals.
What it reported doing in 2024
The new paradigm institute was launched in 2023 after three whistleblowers publicly testified to congress that our government has captured nonhuman spacecraft and nonhuman bodies in crash retrievals, and that navy pilots on both coasts of our country see nonhuman spacecraft every day. After opening a d.c. Office across from the senate, and hiring professional teams, our initiative began to develop policy and mobilize citizens for disclosure of the information hidden from citizens and our elected leaders for 80 years. With the passage of legislation in december, 2023, "disclosure has begun".in 2024 we continued to build our powerful website engine for education, grassroots organizing, and fundraising. Our social media campaigns and 80 podcasts appearances reached millions of viewers, our grassroots organizing efforts began building out 1000 volunteers into a nationwide organizing force to pressure our elected representatives to proceed with public disclosure hearings, and we launched a membership campaign to build our fundraising base. Our d.c. Team educated congressional staff and members, and our legal team produced the most thorough ufo whistleblower protection bill ever written. Our five different calls to action generated 73,000 letters to congress members. We held a strategic meeting and formed a collaborative vision for disclosure with 25 significant allies in the ufo space. Our general counsel continued to legally represent whistleblower, lue elizondo, whose book, imminent, became a New York times best seller. Our legal team began the analysis and research to craft a rico complaint against the leaders of the legacy project who are responsible for multiple crimes associated with the 80 years of secrecy of our capture and interaction with ufo craft and pilots.we co-hosted the first ufo teach in at yale university with the invisible college and the yale student ufo society. And, on october 20, 2024, we launched global disclosure day with a panel of excellent investigators, whistleblowers, and local organizers. 1000 zoom members joined nationally and internationally, and it reached 177,947 live stream viewers. In november, after a public hearing highlighting lue elizondo, we organized a press conference and a successful outdoor rally with our ally, mufon, calling for more public hearings.after several successful classes, we separated new paradigm institute from ubiquity university in order to focus our staff and resources on the challenging task of generating disclosure.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 94% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 94
- Accountability: 71
- Sustainability: 8
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 80.8%; rating input score 81
- Fundraising efficiency: $7.45 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.3%; rating input score 99; 38th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 8th 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: -44.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 20.5%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 9.5% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 80.8% of spending went to programs
- Governance: 3 of 6 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.3M in reported program spending
- Leadership: top reported pay $145K · 8 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 7 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 — Accountability: Independent voting board scored 50/100.
- High — Financial Efficiency: Fundraising efficiency scored 28/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.