American Security Project
- Assets
- $604.7k
- Revenue
- $982.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-4079553
Organization Overview
American Security Project is located in Washington, DC. The organization was established in 2006. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, American Security Project employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Security Project 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, American Security Project generated $982.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S EXEMPT PURPOSE IS TO FOSTER KNOWLEDGE AND UNDERSTANDING OF A RANGE OF NATIONAL SECURITY AND FOREIGN POLICY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wallin Coo/treasurer | Officer | 40 | $102,500 |
Andrew Holland Former Coo/secretary | Officer | 40 | $51,667 |
Patrick C Costello Chief Executive Officer | Officer | 40 | $46,667 |
Stephen A Cheney President | OfficerTrustee | 0.2 | $0 |
Gary Hart Chairman Emeritus | Trustee | 0.2 | $0 |
Matthew Bergman Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neon Projects Llc Implement Program Activities | 12/30/20 | $137,500 |
Trilogy Interactive Llc Digital Strategy & Communications | 12/30/20 | $329,375 |
Trustom Strategy Llc Implement Program Activities | 12/30/20 | $125,000 |
Drum Video Production | 12/30/20 | $129,153 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,996 |
| All other contributions, gifts, grants, and similar amounts not included above | $903,342 |
| Noncash contributions included in lines 1a–1f | $15,620 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $982,338 |
| Total Program Service Revenue | $0 |
| Investment income | $64 |
| 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 | $982,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $217,407 |
| Compensation of current officers, directors, key employees. | $31,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,290 |
| Payroll taxes | $28,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,959 |
| Fees for services: Accounting | $16,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $644,947 |
| Advertising and promotion | $1,944 |
| Office expenses | $25,187 |
| Information technology | $59,761 |
| Royalties | $0 |
| Occupancy | $161,327 |
| Travel | $10,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,016 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214 |
| Insurance | $4,226 |
| All other expenses | $300 |
| Total functional expenses | $1,330,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,973 |
| Net Land, buildings, and equipment | $2,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,655 |
| Total assets | $604,737 |
| Accounts payable and accrued expenses | $32,380 |
| Grants payable | $0 |
| 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 | $35,103 |
| Total liabilities | $67,483 |
| Net assets without donor restrictions | $256,377 |
| Net assets with donor restrictions | $280,877 |
| 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 | $604,737 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Security Project has recieved totaling $385,000.
| Awarding Organization | Amount |
|---|---|
Deploy-Us Inc Boston, MA PURPOSE: TO SUPPORT THE ORGANIZATION IN ITS MISSION FOR CLIMATE CHANGE. | $230,000 |
Environmental Defense Fund Incorporated New York, NY | | $100,000 |
Partnership Project Inc Washington, DC PURPOSE: PROGRAM SUPPORT | $30,000 |
Elmo Foundation Charlottesville, VA PURPOSE: ENVIRONMENT | $17,500 |
Domont Family Foundation Northbrook, IL PURPOSE: UNRESTRICTED | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For The Study Of Services Washington, DC | $11,715,513 | $16,033,912 |
American Bridge 21st Century Foundation Washington, DC | $2,285,446 | $9,934,660 |
National Governors Association Center For Best Practices Washington, DC | $36,736,183 | $16,037,440 |
Nreca Research Arlington, VA | $5,324,315 | $13,693,671 |
National Center On Education & The Economy Washington, DC | $72,771,895 | $12,008,332 |
National Center For Public Policy Research Inc Washington, DC | $2,951,732 | $13,112,904 |
Pulitzer Center On Crisis Reporting Washington, DC | $35,485,888 | $10,738,135 |
The Niskanen Center Inc Washington, DC | $8,745,910 | $12,163,223 |
Center For Us Global Leadership Washington, DC | $11,787,510 | $8,283,282 |
Tax Foundation Washington, DC | $6,089,846 | $6,514,082 |
The Third Way Foundation Inc Washington, DC | $12,806,681 | $7,131,320 |
Center For Effective Public Policy Kensington, MD | $14,990,522 | $715,106 |