American Security Project EIN 20-4079553

American Security Project FY2023 filing

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Promotes knowledge and understanding of national security and foreign policy issues. For fiscal year 2023 it reported $693K in revenue, $819K in expenses, and $284K in net assets.Pt I

Founded
2006
Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Washington, DC
Website
americansecurityproject.org
Filings
6 on file (2020–2023)
Revenue
$693KFY2023
Expenses
$819K
Net assets
$284K
People
23
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-4079553 Public charity (501(c)(3)) Washington, DC Founded 2006
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Promotes knowledge and understanding of national security and foreign policy issues.
Leadership
Matthew Wallin · COO/Treasurer · $160K
Money in and out
$693K revenue, $819K expenses
Bottom line
83% program efficiency
Where the money goes · FY2023
Total revenue
$693K
Pt VIII · Ln 12
Total expenses
$819K
Pt IX · Ln 25
Net assets
$284K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$126K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.11 Fundraising $0.06
Program efficiency
83%
of spending reaches programs
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$693K
FY2023▼ -9%
Expenses
$819K
FY2023▼ -8%
Total assets
$1.3M
FY2023▼ -13%
Total liabilities
$980K
FY2023▼ -7%
Total revenue
$693K
Pt VIII · Ln 12
Total expenses
$819K
Pt IX · Ln 25
Net assets
$284K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$126K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $681K of program spending, described in the organization's own filed words · FY2023.
01

See attached statement.

$681Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAmerican Security Project
EINHdr · item D20-4079553
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jamericansecurityproject.org
Year of formationHdr · item L2006
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W052)
Ruling yearIRS BMFNov 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
COO/Treasurer
$159,500Pt VII · Sec A
Climate Security Programs Director
$114,258Pt VII · Sec A
Director,president
$0Pt VII · Sec A
$0Pt VII · Sec A
Director,chairman Emeritus
$0Pt VII · Sec A
Director,president Emeritus
$0Pt VII · Sec A
Director - Partial Year
$0Pt VII · Sec A
Director - Partial Year
$0Pt VII · Sec A

Matthew Wallin’s $175K as Director/CEO/Treasurer is at the 95th percentile of top reported officer pay among 1033 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Matthew Wallin$175,000$152,667$159,500$122,667$102,500$92,250
Andrew Holland$51,667$151,000
Courtney Manning$126,000
Jessica Yllemo$114,258
Patrick C Costello$108,333$46,667

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$693K
Investment income$265
Total revenueLn 12$693K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.11 Fundraising $0.06
Program services83%$681K
Management & general11%$92K
Fundraising6%$46K
Total functional expensesLn 25$819K

Balance Sheet

Part X · end of year
CashLn 1$281K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$980K
Total net assetsLn 32$284K
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $281K · Operating expenses (Pt IX) $819K · Less non-cash grants $10K · Cash operating expenses/yr $809K
4.2 months
Where the money goes
Program services
Program services $681K · Total expenses $819K
83%
Management & General
Management & general $92K · Total expenses $819K
11%
Fundraising
Fundraising $46K · Total expenses $819K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $54K · Solicited contributions (3-yr avg) $772K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $693K · Total revenue $693K
100%
Government reliance
Government grants — · Total revenue $693K
Earned-income share
Program service revenue $0 · Total revenue $693K
0%
Investment reliance
Investment income $265 · Total revenue $693K
+0.04%
Program self-sufficiency
Program service revenue $0 · Total expenses $819K
0%
Growth & trend
Revenue growth (YoY)
This year $693K · Prior year $765K
-9%
Net-asset trend (YoY)
End of year $284K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $693K · Expenses $819K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $284K · Total assets $1.3M
22%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew Wallin · Reported title COO/TREASURER · Highest reported compensation $160K · Total expenses $819K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $387K · Total expenses $819K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 11%
Fundraising cost ratio 7%
Revenue growth -9%
Legal fee ratio 0.5%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Deploy-Us INCFY2024$30K
Total grants receivedfrom 3 funders$185K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$438K revenue · ⤓ 990 PDF
FY2024$1.7M revenue · ⤓ 990 PDF
FY2023$693K revenue · viewing · ⤓ 990 PDF
FY2022$765K revenue · ⤓ 990 PDF
FY2021$982K revenue · ⤓ 990 PDF
FY2020$1.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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