See part III line 1.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
4 of 5
filings with a surplus
Average surplus $2.1M a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $55K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$602K
7% of total assets
Looks good: liabilities are 7% 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
$11.2M
+0.8% vs prior year
Spent
$11.2M
To programs
81%
Net assets
$7.4M
By yearFY2020–FY2024
Revenue
$11.2M
FY2023▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$862K
FY2021$9.6M
FY2022$11.1M
FY2023$11.2M
FY2024$14.6M
Expenses
$11.2M
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$104K
FY2021$4.6M
FY2022$10.8M
FY2023$11.2M
FY2024$10.2M
Net assets
$7.4M
FY2023-0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$758K
FY2021$7.2M
FY2022$7.5M
FY2023$7.4M
FY2024$11.9M

From the FY2023 Form 990 · figures checked against the IRS filing · 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 Sep 2021.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $9.0M Management & general 14% · $1.5M Fundraising 6% · $621K

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

11 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
$290,829Pt VII · Sec A
$184,396Pt VII · Sec A
Executive Director
$178,614Pt VII · Sec A
Campaigns & Political Strategy
$174,413Pt VII · Sec A
Director of Finance & Administration
$135,597Pt VII · Sec A
Senior Director of Campaigns
$110,764Pt VII · Sec A
Director of Economic Security Ca
$89,630Pt VII · Sec A
Secretary
$18,400Pt VII · Sec A

Natalie Foster’s $263K as President is at the 50th percentile of top reported officer pay among 129 $10–100M civil rights & advocacy 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Natalie Foster$262,918$290,829$281,983—
Adam Ruben——$229,680$55,229
Taylor Jo Isenberg$206,182$178,614$199,048$15,952
Anna C Aurilio$119,461$110,764$192,788—
Harish Patel Vice President$186,000$184,396——
Adam Ruben Vice President$134,293$174,413——
Christine Blitz VP of$172,619———
Teresa Olle$107,602$89,630$158,508$31,283

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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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

Seeds big ideas to shape markets, exploring public options in housing, healthcare, childcare, and food, and convening experts on AI's economic future.

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Provided by the organization

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3 programs · $7.5M · in their own filed words · FY2023
01

Cash Tax Credit (ctc) in the States Initiative

Designed to shift federal energy for a modernized CTC to the states, surpassed all expectations, supporting the passage of expanded or improved tax credits in over 18 states, resulting in over $2 billion in over 4 million households this year alone. Even as that work picked up steam, we kept up the drumbeat for the federal CTC.

$3.7Mprogram expense
02

Guaranteed Income (gi)

Led a renewed national conversation around gi and lifted-up the effectiveness of pilot programs. In parallel we set the agenda by building the ten year vision to winning a gi with the blueprint for a guaranteed income, collectively built by hundreds of members of the guaranteed income community of practice, which grew to 1,000+ members.

$2.1Mprogram expense
03

Antimonopoly

To shape markets to work for people, we provided crucial funding to the coalition fighting for a non-competes ban for workers, organized influential grass tops leaders, and raised the issue's visibility through national media coverage and compelling testimonies highlighting the implications for workers.

$1.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$55K
Grants paid · 124 grants · $5.9M · 2021–2024
Vanderbilt UniversityTN · FY2024$222,000
Center for Community ChangeDC · FY2024$180,000
Colorado Fiscal InstituteCO · FY2024$75,000
The Roosevelt InstituteNY · FY2024$75,000
Tides CenterCA · FY2024$75,000
Kc TenantsMO · FY2024$75,000
Social Good Fund INCCA · FY2024$65,000
Coalition for Green CapitalDC · FY2024$65,000
Progressive Change InstituteDC · FY2024$60,000
United Way of ConnecticutCT · FY2024$30,000
T1international USAMN · FY2024$30,000
New York UniversityNY · FY2024$25,000
See all 124 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$11.2M
Ln 12
Gifts and grantsLn 1h$11.1M
Investment incomeLn 3$73K
Other incomeLn 4–11$12K
Money outPt IX
$11.2M
Ln 25
Programscol B$9.0M
Managementcol C$1.5M
Fundraisingcol D$621K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$8.0M
LiabilitiesLn 26$602K
PeoplePt VI, VII
11
listed · VII A
PaidVII A8
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.1M
Fees for servicesLn 2g$3K
Investment incomeLn 3$73K
Other incomeLn 4–11$12K
Total revenueLn 12$11.2M
Assets in detailPt X, end of year
CashLn 1$167K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$1.4M
Other assetsLn 15$235K
Total assetsLn 16$8.0M
LiabilitiesLn 26$602K
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 529
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$6.0M$1.7M
InvestmentsLn 11–13$0$1.4M
Total assetsLn 16$8.3M$8.0M
LiabilitiesLn 26$816K$602K
Net assetsLn 32$7.5M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.3M$2.3M
Pay of current officers, directors and key staffLn 5$527K$416K$58K$53K
Other salaries and wagesLn 7$3.2M$2.5M$335K$333K
Pension plan contributionsLn 8$116K$91K$12K$12K
Other employee benefitsLn 9$480K$379K$51K$50K
Payroll taxesLn 10$279K$220K$30K$29K
Legal feesLn 11b$23K$2K$21K
Accounting feesLn 11c$51K$51K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$2.7M$2.4M$162K$118K
Advertising and promotionLn 12$60K$60K$914
Office expensesLn 13$66K$20K$44K$2K
Information technologyLn 14$69K$1K$52K$16K
OccupancyLn 16$11K$8K$3K$550
TravelLn 17$257K$105K$151K$568
Conferences, conventions and meetingsLn 19$814K$397K$416K$195
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$304K$155K$142K$7K
All other expensesLn 24e$230$230
Total functional expensesLn 25$11.2M$9.0M$1.5M$621K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $14.6M$10.2M$4.5M$11.9M 990 PDF
FY2023 Viewing $11.2M$11.2M−$34K$7.4M 990 PDF
FY2022 $11.1M$10.8M$263K$7.5M 990 PDF
FY2021 $9.6M$4.6M$4.9M$7.2M 990 PDF
FY2020 $862K$104K$758K$758K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $11,162,541 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,990,364$11,075,456
I-9 Program service revenuePrior year $65,756$2,550
I-10 Investment incomePrior year $2,764$72,889
I-11 Other revenuePrior year $11,652$11,646
I-12 Total revenuePrior year $11,070,536$11,162,541
I-13 Grants and similar amounts paidPrior year $2,680,025$2,280,856
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,288,778$4,574,747
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,839,067$4,340,870
I-18 Total expensesPrior year $10,807,870$11,196,473
I-19 Revenue less expensesPrior year $262,666−$33,932
Part VI · Governance 3 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,162,541 across 6 lines filed
VIII-1f All other contributions, gifts and grants$11,075,456
VIII-1h Total contributions, gifts and grants$11,075,456
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,550$2,550
VIII-3 Investment incomeExcluded from tax $72,889$72,889
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,646$11,646
VIII-12 Total revenueRelated to mission $2,550 · Unrelated business $0 · Excluded from tax $84,535$11,162,541
Part IX · Statement of functional expenses $11,196,473 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $2,280,856$2,280,856
IX-5 Pay of current officers, directors and key staffPrograms $416,264 · Management $57,961 · Fundraising $52,690$526,915
IX-7 Other salaries and wagesPrograms $2,506,244 · Management $334,672 · Fundraising $332,767$3,173,683
IX-8 Pension plan contributionsPrograms $91,351 · Management $12,273 · Fundraising $12,048$115,672
IX-9 Other employee benefitsPrograms $378,997 · Management $50,918 · Fundraising $49,987$479,902
IX-10 Payroll taxesPrograms $220,001 · Management $29,557 · Fundraising $29,017$278,575
IX-11b Legal feesPrograms $1,850 · Management $21,283$23,133
IX-11c Accounting feesManagement $50,541$50,541
IX-11f Investment management feesManagement $1,653$1,653
IX-11g Other fees for servicesPrograms $2,386,506 · Management $161,549 · Fundraising $118,267$2,666,322
IX-12 Advertising and promotionPrograms $59,500 · Management $914$60,414
IX-13 Office expensesPrograms $19,880 · Management $44,035 · Fundraising $2,446$66,361
IX-14 Information technologyPrograms $1,085 · Management $52,374 · Fundraising $15,539$68,998
IX-16 OccupancyPrograms $7,683 · Management $3,136 · Fundraising $550$11,369
IX-17 TravelPrograms $105,395 · Management $150,551 · Fundraising $568$256,514
IX-19 Conferences, conventions and meetingsPrograms $397,076 · Management $416,395 · Fundraising $195$813,666
IX-23 InsuranceManagement $17,575$17,575
IX-24 Other expenses (24a–d)Programs $155,394 · Management $141,892 · Fundraising $6,808$304,094
IX-24e All other expensesManagement $230$230
IX-25 Total functional expensesPrograms $9,028,082 · Management $1,547,509 · Fundraising $620,882$11,196,473
Part X · Balance sheet $8,031,317 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,561,117$167,363
X-2 Savings and temporary cash investmentsStart of year $2,450,000$1,527,945
X-3 Pledges and grants receivableStart of year $1,935,000$4,649,184
X-9 Prepaid expenses and deferred chargesStart of year $24,166$17,878
X-11 Publicly traded securitiesStart of year $0$1,433,534
X-15 Other assetsStart of year $309,497$235,413
X-16 Total assetsStart of year $8,279,780$8,031,317
X-17 Accounts payable and accrued expensesStart of year $470,858$531,771
X-18 Grants payableStart of year $345,444$70,000
X-26 Total liabilitiesStart of year $816,302$601,771
X-27 Net assets without donor restrictionsStart of year $5,441,648$2,744,278
X-28 Net assets with donor restrictionsStart of year $2,021,830$4,685,268
X-32 Total net assets or fund balancesStart of year $7,463,478$7,429,546
X-33 Total liabilities and net assetsStart of year $8,279,780$8,031,317
Part XI · Reconciliation of net assets $7,429,546 net assets at year end
XI-1 Total revenue$11,162,541
XI-2 Total expenses$11,196,473
XI-3 Revenue less expenses−$33,932
XI-4 Net assets at start of year$7,463,478
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,429,546

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

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