Economic Security Project Action Inc

“The directors of the organization are its members.”

“The members elect their successors at the annual meeting of the board of directors through a majority vote.”

“The members have the sole authority to appoint, and remove without cause, officers and key personnel, approve changes to the mission or purposes of the corporation, approve amendment to the corporation's certificate of incorporation and bylaws, approve any merger, consolidation, membership exchange, conversion, domestication, dissolution, or other change to the structure of the corporation. They also have the sole authority to approve the transfer or sale of all or substantially all of the assets of the corporation, approve the annual budget of the corporation, approve the incurrence of any indebtedness by the corporation outside the ordinary course of business, approve retaining legal counsel and filing suit against the government or specified third parties. Lastly, they have the sole authority to approve conflict of interest transactions between the corporation and a director or officer and approve any key decisions or contractual arrangements that may affect the reputation or viability of the corporation.”

“The organization did not have any committees with the authority to act on behalf of the board.”

“The form 990 was prepared by outside accountants and reviewed by the executive director, the board chair, and the treasurer. The final copy of the return was provided to the board before filing.”

“The conflict-of-interest policy covers members, directors, officers, and key employees of the corporation ("covered persons"). A copy of the conflict-of-interest policy must be furnished annually to each covered person. Each covered person annually signs a statement that affirms that he or she has received a copy of this policy, has read and understands the policy, and has agreed to comply with this policy. Covered persons must annually file a statement with the board of directors that lists any outside employment or consulting work or any board membership or affiliation with other organizations that could constitute a conflict, along with a listing of significant investments owned as defined in the policy. All material facts concerning any situation that might be viewed as a conflict is disclosed to the board of directors by the covered person concerned. No covered person may be present for a vote by the board of directors on any decision or action by the corporation that would directly or indirectly benefit that person, although that person may answer questions or respond to requests for factual information needed for the board to make an informed decision. The board may not approve any transaction in which a covered person has a material financial interest. The minutes of any board meeting at which discussions of potential conflicted transactions take place reflect in detail the deliberations and voting process related to such transactions.”

“Economic security project action ( espa) inc relies on a related organi zation, economic security project ( esp) inc to determine compensation of its officers. Esp conducts external benchmarking to inform the compensation of the executive director and president. Compensation packages for the executive director and president are reviewed and approved by the board of directors. Final compensation is based on compensation history, comparable salaries, level of responsibility and performance. The process was last completed in march 2024.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request when required by federal or state law.”

“Contracted sevices: program service expenses 623,700. Management and general expenses 64,604. Fundraising expenses 0. Total expenses 688,304.”