Social Security Works FY2023 filing

Not tax-deductible

Washington, DC501(c)(4)Public & Societal BenefitEIN 46-1373125Revenue $637K in FY2023

On file with the IRSsocialsecurityworks.org815 16th St Nw 4th Floor, 20006-4101 · Washington, DCTax-exempt since Jan 2014

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The mission of Social Security Works is to: 1)protect and improve the economic Security of disadvantaged; 2) safeguard the economic Security of those dependent, now or in the future,on Social Security; and 3)maintain Social Security as a vehicle of Social justice.

94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $25K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$73K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$637K
+54% vs prior year
Spent
$583K
To programs
94%
Net assets
$120K
By yearFY2020–FY2024
Revenue
$637K
FY2023▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$655K
FY2022$414K
FY2023$637K
FY2024$622K
Expenses
$583K
FY2023▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$991K
FY2021$857K
FY2022$682K
FY2023$583K
FY2024$534K
Net assets
$120K
FY2023▲ +83%
Tap a bar for its year
Net assets by fiscal year
FY2020$536K
FY2021$334K
FY2022$66K
FY2023$120K
FY2024$205K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $550K Management & general 4% · $26K Fundraising 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
Deputy Director
$0Pt VII · Sec A
See Social Security Works executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for Social Security to protect and improve economic security for all.

Questions for Social Security Works

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Provided by the organization

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1 program · $550K · in their own filed words · FY2023
01

Coalition

Social security works convenes the strengthen social security coalition, a diverse coalition of over 350 state-based and national groups representing organized labor, people of color, people with disabilities, women, the LGBT community, veterans and the NETROOTS.POLICY: social security works is an expert at creating translational policy…

$550Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$637K
Ln 12
Gifts and grantsLn 1h$637K
Investment incomeLn 3$68
Money outPt IX
$583K
Ln 25
Programscol B$550K
Managementcol C$26K
Fundraisingcol D$7K
Owns and owesPt X
$120K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$193K
LiabilitiesLn 26$73K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$637K
Investment incomeLn 3$68
Total revenueLn 12$637K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$193K
LiabilitiesLn 26$73K
Net assetsLn 32$120K
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$104K$21K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$101K$193K
LiabilitiesLn 26$35K$73K
Net assetsLn 32$66K$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$142K$128K$11K$3K
Other employee benefitsLn 9$38K$34K$3K$752
Legal feesLn 11b$107$96$9$2
Accounting feesLn 11c$53K$48K$4K$890
Other fees for servicesLn 11g$164K$162K$2K$461
OccupancyLn 16$35K$35K
TravelLn 17$3K$3K$261$65
InsuranceLn 23$13K$12K$1K$258
Other expenses (24a–d)Ln 24$115K$110K$4K$896
All other expensesLn 24e$20K$18K$2K$381
Total functional expensesLn 25$583K$550K$26K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $622K$534K$88K$205K 990 PDF
FY2023 Viewing $637K$583K$54K$120K 990 PDF
FY2022 $414K$682K−$268K$66K 990 PDF
FY2021 $655K$857K−$203K$334K 990 PDF
FY2020 $1.2M$991K$204K$536K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $636,724 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $413,447$636,656
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $171$68
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $413,618$636,724
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $257,212$179,935
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $424,470$402,585
I-18 Total expensesPrior year $681,682$582,520
I-19 Revenue less expensesPrior year −$268,064$54,204
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $636,724 across 5 lines filed
VIII-1b Membership dues$82,000
VIII-1f All other contributions, gifts and grants$554,656
VIII-1h Total contributions, gifts and grants$636,656
VIII-3 Investment incomeExcluded from tax $68$68
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $68$636,724
Part IX · Statement of functional expenses $582,520 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $128,109 · Management $11,387 · Fundraising $2,847$142,343
IX-9 Other employee benefitsPrograms $33,833 · Management $3,007 · Fundraising $752$37,592
IX-11b Legal feesPrograms $96 · Management $9 · Fundraising $2$107
IX-11c Accounting feesPrograms $48,323 · Management $3,559 · Fundraising $890$52,772
IX-11g Other fees for servicesPrograms $162,173 · Management $1,846 · Fundraising $461$164,480
IX-16 OccupancyPrograms $34,871$34,871
IX-17 TravelPrograms $2,939 · Management $261 · Fundraising $65$3,265
IX-23 InsurancePrograms $11,609 · Management $1,032 · Fundraising $258$12,899
IX-24 Other expenses (24a–d)Programs $110,170 · Management $3,584 · Fundraising $896$114,650
IX-24e All other expensesPrograms $17,636 · Management $1,524 · Fundraising $381$19,541
IX-25 Total functional expensesPrograms $549,759 · Management $26,209 · Fundraising $6,552$582,520
Part X · Balance sheet $193,145 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $104,121$20,705
X-4 Accounts receivableStart of year −$9,689$171,530
X-9 Prepaid expenses and deferred chargesStart of year $6,197$910
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $100,629$193,145
X-17 Accounts payable and accrued expensesStart of year $35,032$73,344
X-26 Total liabilitiesStart of year $35,032$73,344
X-27 Net assets without donor restrictionsStart of year $140,256$140,256
X-28 Net assets with donor restrictionsStart of year −$74,659−$20,455
X-32 Total net assets or fund balancesStart of year $65,597$119,801
X-33 Total liabilities and net assetsStart of year $100,629$193,145
Part XI · Reconciliation of net assets $119,801 net assets at year end
XI-1 Total revenue$636,724
XI-2 Total expenses$582,520
XI-3 Revenue less expenses$54,204
XI-4 Net assets at start of year$65,597
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$119,801

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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