Retirement Security Initiative
- Assets
- $302.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Roseville, CA
- Founding
- 09/2015
- Data as of
- 12/2019
- EIN
- 47-4093255
Organization Overview
Retirement Security Initiative is located in Roseville, CA. The organization was established in 2015. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Retirement Security Initiative employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retirement Security Initiative is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2019, Retirement Security Initiative generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE REFER TO PART III, LINE 1 OF FORM 990(SCHEDULE O)FOR ORGANIZATION'S MISSION STATEMENT AND SIGNIFICANT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT EDUCATIONAL OUTREACH TO THE PUBLIC AND TO PUBLIC OFFICIALS ABOUT ISSUESRELATED TO PUBLIC PENSION STABILITY, INCLUDING STATE LOBBYING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter M Constant CEO | OfficerTrustee | 40 | $269,250 |
Charles Chuck Reed Chairman | Trustee | 5 | $56,250 |
Dan Liljenquist President | OfficerTrustee | 5 | $30,000 |
Rebekah Rook CPA Treasurer | Trustee | 1 | $22,272 |
James Spiotto Secretary | OfficerTrustee | 1 | $0 |
Richard Ravitch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,159,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,159,615 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| 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 | $1,159,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,268 |
| 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. | $414,547 |
| Compensation of current officers, directors, key employees. | $414,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,018 |
| Pension plan accruals and contributions | $24,373 |
| Other employee benefits | $44,700 |
| Payroll taxes | $40,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,033 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $170,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200 |
| Advertising and promotion | $2,474 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,976 |
| Travel | $92,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $839 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,823 |
| Insurance | $8,742 |
| All other expenses | $10,149 |
| Total functional expenses | $1,322,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,703 |
| Savings and temporary cash investments | $117,089 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,725 |
| Total assets | $302,775 |
| Accounts payable and accrued expenses | $1,307 |
| 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 | $0 |
| Total liabilities | $1,307 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $301,468 |
| Total liabilities and net assets/fund balances | $302,775 |
Grants Awarded
Over the last fiscal year, Retirement Security Initiative has awarded $192,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $145,000 |
Arlington, VA PURPOSE: GENERAL SUPPORT | $47,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sacramento County Tobacco Securitization Corporation Sacramento, CA | $181,135,770 | $17,765,248 |
Maplight Berkeley, CA | $910,087 | $1,795,058 |
State Association Of County Retirement Systems Sacramento, CA | $1,904,634 | $1,443,308 |
Retirement Security Initiative Roseville, CA | $302,775 | $1,159,628 |
Howard Jarvis Taxpayers Foundation Laguna Niguel, CA | $3,222,048 | $1,439,338 |
Arizona Tax Research Association Phoenix, AZ | $214,797 | $549,361 |
Tax-Aid San Francisco, CA | $606,649 | $726,092 |
Oregonians Against Tax Hikes San Rafael, CA | $0 | $414,671 |
Taxpayers Association Of Oregon Portland, OR | $130,088 | $286,727 |
Nevada Taxpayers Association Inc Carson City, NV | $173,211 | $126,799 |
Contra Costa Taxpayers Assn Inc Walnut Creek, CA | $25,183 | $0 |
California Medical Billing Advocates San Francisco, CA | $20,229 | $0 |