Civic Intelligence

American Security Project

990 • Fiscal year 2021 • EIN 20-4079553

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 31, 2022

1201 Pennsylvania Ave NWWashington, DC 20004-2463

(202) 347-4267

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.11x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.07x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

90th percentile

$113,011

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

4th percentile

-34%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-49%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$604,737

Down $308,673 (-34%) from 2020

Net Assets

Down

$537,254

Down $347,962 (-39%) from 2020

Liabilities

Up

$67,483

Up $39,289 (+139%) from 2020

Revenue

Down

$982,402

Down $939,722 (-49%) from 2020

Expenses

Down

$1,330,364

Down $823,618 (-38%) from 2020

Net Income

Down

-$347,962

Down $116,104 (-50%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $127,919Liabilities 2011: $11,713Net Assets 2011: $116,2062011Assets 2012: $241,467Liabilities 2012: $19,587Net Assets 2012: $221,8802012Assets 2013: $179,892Liabilities 2013: $6,619Net Assets 2013: $173,2732013Assets 2014: $60,502Liabilities 2014: $2,946Net Assets 2014: $57,5562014Assets 2015: $160,386Liabilities 2015: $8,437Net Assets 2015: $151,9492015Assets 2016: $412,433Liabilities 2016: $9,530Net Assets 2016: $402,9032016Assets 2017: $288,256Liabilities 2017: $7,303Net Assets 2017: $280,9532017Assets 2018: $333,122Liabilities 2018: $333Net Assets 2018: $332,7892018Assets 2019: $1,135,345Liabilities 2019: $18,271Net Assets 2019: $1,117,0742019Assets 2020: $913,410Liabilities 2020: $28,194Net Assets 2020: $885,2162020Assets 2021: $604,737Liabilities 2021: $67,483Net Assets 2021: $537,2542021Assets 2022: $1,460,200Liabilities 2022: $1,050,784Net Assets 2022: $409,4162022Assets 2023: $1,263,506Liabilities 2023: $979,718Net Assets 2023: $283,7882023Assets 2024: $2,036,962Liabilities 2024: $840,893Net Assets 2024: $1,196,0692024

Highlighted filing

2021

Assets$604,737
Liabilities$67,483
Net Assets$537,254

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $829,365Expenses 2011: $1,093,590Net Income 2011: -$264,2252011Expenses 2012: $940,3792012Revenue 2013: $1,041,323Expenses 2013: $1,089,930Net Income 2013: -$48,6072013Revenue 2014: $805,046Expenses 2014: $920,763Net Income 2014: -$115,7172014Revenue 2015: $798,790Expenses 2015: $704,397Net Income 2015: $94,3932015Revenue 2016: $859,666Expenses 2016: $608,712Net Income 2016: $250,9542016Revenue 2017: $630,878Expenses 2017: $752,828Net Income 2017: -$121,9502017Revenue 2018: $612,812Expenses 2018: $560,976Net Income 2018: $51,8362018Revenue 2019: $2,105,043Expenses 2019: $1,320,758Net Income 2019: $784,2852019Revenue 2020: $1,922,124Expenses 2020: $2,153,982Net Income 2020: -$231,8582020Revenue 2021: $982,402Expenses 2021: $1,330,364Net Income 2021: -$347,9622021Revenue 2022: $765,251Expenses 2022: $893,089Net Income 2022: -$127,8382022Revenue 2023: $693,406Expenses 2023: $819,034Net Income 2023: -$125,6282023Revenue 2024: $1,662,436Expenses 2024: $750,155Net Income 2024: $912,2812024

Highlighted filing

2021

Revenue$982,402
Expenses$1,330,364
Net Income-$347,962
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 31, 2022
Return Version
2021v4.1
Gross Receipts
$998,022
Mission and Program Overview

Mission

The organization's mission is to foster knowledge and understanding of a

The organization's exempt purpose is to foster knowledge and understanding of a range of national security and foreign policy issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$872,203$576,541▼ $295,662
Land, Buildings, and Equipment, Net$2,782$2,568▼ $214
Prepaid Expenses and Deferred Charges$14,770$1,973▼ $12,797
Total Assets$913,410$604,737▼ $308,673
Other Assets Total$23,655$23,655→ $0
Liabilities
Other Liabilities$22,599$35,103▲ $12,504
Accounts Payable and Accrued Expenses$5,595$32,380▲ $26,785
Total Liabilities$28,194$67,483▲ $39,289
Net Assets / Fund Balance
Net Assets With Donor Restrictions$540,452$280,877▼ $259,575
Net Assets Without Donor Restrictions$344,764$256,377▼ $88,387
Total Net Assets Fund Balance$885,216$537,254▼ $347,962
Total Liabilities and Net Assets / Fund Balance$913,410$604,737▼ $308,673

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,568$36,279$38,847
Land$0--
Other Assets Org$23,655--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew WallinCOO/treasurerFT$102,500$10,511$113,011
Andrew HollandFormer COO/secretaryFT$51,667$5,062$56,729
Patrick C CostelloChief Executive OfficerFT$46,667$1,000$47,667

Board Members and Trustees

NameTitle
Gary HartChairman Emeritus
Christine Todd WhitmanChairperson
Stephen a CheneyPresident
Alejandro BritoDirector
Chuck HagelDirector
Claudia KennedyDirector
Daniel ChristmanDirector
David WadeDirector
Dennis MehielDirector
Donald BeyerDirector
Ed ReillyDirector
Jeffrey BleichDirector
Lee CullumDirector
Lee GunnDirector
Lester L LylesDirector
Matthew BergmanDirector
Nelson W CunninghamDirector
Norman SeipDirector
Robert B CroweDirector
Scott GilbertDirector
William FallonDirector
John F KerryFormer Director
Stuart PiltchFormer Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Greenlight Stategies LLCConsulting5705 CROMWELL DR, Bethesda, MD 20816$132,000
Revenue and Support

Revenue Composition

Contributions and Grants
$982,338
Program Service Revenue
$0
Investment Income
$64
Other Revenue
$0
All Other Contributions
$903,342
Change in Net Assets
$-347,962

Audited Revenue Reconciliation

Revenue per Audited Statements
$982,402
Total Revenue per Audited Statements
$982,402
Total Revenue per Form 990
$982,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$948,384
Salaries, Compensation, and Employee Benefits$381,980
Total Fundraising Expense$63,794
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$641,562$3,285$100$644,947
Current Officers, Directors, Trustees, and Key Employees$164,175$31,748$21,484$217,407
Occupancy$67,051$89,480$4,796$161,327
Other Salaries and Wages$97,159$8,045$22,754$127,958
Information Technology$49,473$8,138$2,150$59,761
Payroll Taxes$21,048$3,425$3,852$28,325
Office Expenses$17,038$5,874$2,275$25,187
Conferences and Meetings$17,429$1,587$0$19,016
Fees for Services Accounting$8,812$7,228$500$16,540
Travel$10,815$125$23$10,963
Other Employee Benefits$5,114$1,146$2,030$8,290
Insurance$2,266$1,560$400$4,226
Fees for Services Legal$279$250$3,430$3,959
Advertising$1,766$178$0$1,944
Other Expenses$300$0$0$300
Depreciation Depletion$0$214$0$214
Total Functional Expenses$1,104,287$162,283$63,794$1,330,364

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,330,364
Total Expenses per Audited Statements$1,330,364
Total Expenses per Form 990$1,330,364
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OWNED >35% BY DAVID WADEIndependent ContractorNo$132,000
-Owned by Family Member of J KerryIndependent ContractorNo$90,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$35,103
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
American Security Project
EIN
20-4079553
Phone
2023474267
Address
1201 PENNSYLVANIA AVE NW, WASHINGTON, DC 20004-2463

Signing Officer

Name
Matthew Wallin
Title
COO/treasurer
Phone
2023474267
Signed
2022-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick C Costello
Formed
2006
Legal Domicile
Dc
Voting Board Members
21
Independent Board Members
21
Employees
6
Volunteers
156

Preparer

Firm
Mark Heinitz CPA
Address
6433 BURWELL ST, SPRINGFIELD, VA 22150
Preparer
Mark Heinitz
Phone
7038221696
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The organization's operating officers review form 990 prior to its submission with the irs.

Pt VI, Line 12C

Directors and officers are required to report to the board any financial interest which the officer or director directly or indirectly has in any person or entity which is a party to a transaction under consideration by the board. The interested director or officer is required to abstain from voting on the transaction.

Pt VI, Line 15A

The organization's independent governing body approves the annual budget, which includes compensation of the chief operating officer.

Pt VI, Line 15B

The organization's independent governing body approves the annual budget, which includes compensation of other officers.

Pt VI, Line 19

The organization makes available for inspection and copying all documents required to be made publicly available.

Form 990, Part IX, Line 11G

Professional services 503349. 499964. 3285. 100.

Form 990, Part IX, Line 11G

Communications services 141598. 141598. 0. 0.

Financial Statement Notes

Pt X, Line 2

The organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23FORMER COO/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt24COO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF EXECUTIVE OFFICER
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IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO FOSTER KNOWLEDGE AND UNDERSTANDING OF A RANGE OF NATIONAL SECURITY AND FOREIGN POLICY ISSUES. THESE EFFORTS WILL LEAD TO DEVELOPING AND WIDELY DISSEMINATING A NATIONAL SECURITY VISION AND STRATEGY FOR THE 21ST CENTURY.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.04$0.84$1.20$1.66$0.75$0.91
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.98$0.28$0.69$0.82$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.46$1.05$0.41$0.77$0.89$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.07$0.54$0.98$1.33$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.89$1.92$2.15$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.14$0.02$1.12$2.11$1.32$0.78
2018Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.61$0.56$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.63$0.75$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$0.86$0.61$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.80$0.70$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.81$0.92$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$1.04$1.09$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.02$0.22$0.94
2011Summary only. Only limited summary data is available for this year.$0.13$0.01$0.12$0.83$1.09$0.26