Action Center on Race and the Economy AND THE ECONOMY
- Assets
- $848.4k
- Revenue
- $671.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, IL
- Founding
- Data as of
- 12/2021
- EIN
- 82-1199855
Organization Overview
Action Center on Race and the Economy AND THE ECONOMY is located in Frankfort, IL. Action Center on Race and the Economy AND THE ECONOMY 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 12/2021, Action Center on Race and the Economy AND THE ECONOMY generated $671.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.9% each year . All expenses for the organization totaled $320.4k during the year ending 12/2021. While expenses have increased by 28.7% per year over the past 5 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 PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO PROMOTE SOCIAL WELFARE WITHING THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, INCLUDING BUT NOT LIMITED TO, PUBLIC EDUCATION, RESEARCH AND ADVOCACY TO REDUCE RACIAL AND ECONOMIC INEQUALITY AND TO PROMOTE ECONOMIC AND RACIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACRE PROVIDED RESEARCH FOR PUBLICATION AND TO BENEFIT OTHER PROGRAMS WITH SIMILAR MISSIONS IN THE AREAS OF TECHNOLOGY, HIGHER EDUCATION, ENVIRONMENT, HEALTH-CARE, HOUSING, FINANCIAL SERVICES AND INCARCERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Westin Board President | OfficerTrustee | 10 | $0 |
Amira Hassan Treasurer/sec. | OfficerTrustee | 10 | $0 |
Maurice Bp-Weeks Co-Exec. Dir. | Officer | 2 | $0 |
Saqib Bhatti Co-Exec. Dir. | Officer | 2 | $0 |
Brandi Collins-Dexter Director | Trustee | 10 | $0 |
Erin Heaney Director | Trustee | 10 | $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 | $671,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $671,633 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $671,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,189 |
| Fees for services: Accounting | $3,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,857 |
| Advertising and promotion | $0 |
| Office expenses | $205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $320,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,756 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $671,634 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $848,390 |
| Accounts payable and accrued expenses | $62,943 |
| 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 | $62,943 |
| Net assets without donor restrictions | $785,447 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $848,390 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Action Center on Race and the Economy AND THE ECONOMY has recieved totaling $775,000.
| Awarding Organization | Amount |
|---|---|
Sixteen Thirty Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $250,000 |
Way To Win Action Fund Incorporated Walnut, CA | | $250,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $175,000 |
Economic Security Project Action Inc New York, NY PURPOSE: ACRE REQUESTS IN GENERAL SUPPORT FUNDING FROM THE ECONOMIC SECURITY PROJECT TO SUPPORT A WIDE SWATH OF OUR 501C4 WORK, WHICH AIMS TO DRIVE PROGRESSIVE POLICY CAMPAIGNS THAT FIGHT FOR STRUCTURAL CHANGE BY DIRECTLY TAKING ON FINANCIAL INSTITUTIONS AND POLITICIANS THAT ARE RESPONSIBLE FOR PILLAGING COMMUNITIES OF COLOR AND POOR FAMILIES, SUBVERTING OUR DEMOCRACY, AND DESTROYING OUR ENVIRONMENT. WE ARE FOCUSED ON SHIFTING POLITICAL POWER TO THE LEFT ON POLICIES THAT DISRUPT THE RELATIONSHIP BETWEEN STRUCTURAL RACISM AND CORPORATE AND FINANCIAL POWER, WITH THE INTENT TO TRANSFORM OUR RESEARCH AND RECOMMENDATIONS INTO POLICIES THAT IMPACT THE COMMUNITIES WE WORK WITH, LIVE IN AND COME FROM. | $100,000 |
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