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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 99-3989570

EXPANDING ESOPS INC

Tax-exempt · NEW YORK, NY 10001

Financials

$855K$472K2024
Revenue Expenses · by fiscal year end
Financials of EXPANDING ESOPS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$855,000$471,987$383,013$383,013$0$383,013
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$855,000
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Travel
$5,853
Program services (functional)
$471,949
Management and general (functional)
$38

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$383,013
Total liabilities, end of year
$0
Net assets, end of year
$383,013
Gross receipts
$855,000
Employees
0
Volunteers
5
Year formed
2024
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Peter StavrosBoard Member
Trustee or director
1$0
Aziz El-TahchBoard Member
Trustee or director
1$0
Mary JosephsBoard Member
Trustee or director
1$0
Julia AkhmedovaPresident
Officer
2$0
Kevin MurphySecretary and Treasurer
Officer
2$0

Address and contacts

Address (IRS master file)
209 W 29TH ST SUITE 6220, NEW YORK, NY 10001-5580
Principal officer (990 for 2024)
Julia Akhmedova, 209 W 29th, Suite 6220, New York, NY 10001
Signed the 990
Julia Akhmedova, President
Phone
(202) 887-4059
Return prepared by
Ballard Spahr LLP

Mission

Expanding ESOPs, Inc's mission is to research, educate and inform the public about the benefits of employee stock ownership plans (ESOPs), as well as researching ways in which private and public enterprises could partner in an effort to expand the use of ESOPs, thereby facilitating millions of working class Americans obtaining stock ownership in their employer.

990 for the year ended May 31, 2025

Program accomplishments

  • Narrative Building- By commissioning opinion polling; delivering speeches and participating on panels at conferences; drafting and publishing op-eds from frontline employee owners and company founders; and conducting media outreach, we worked to increase awareness of broad-based employee ownership and the need to expand ESOPs to build worker wealth and stronger companies.
    Expenses $294,610
  • Coalition Building- We built a coalition of organizations united by the mission to dramatically expand employee ownership. For the first time, a broad cross section of the employee ownership community is coming together not just to service or protect employee ownership in its existing form, but to bring its benefits to more workers and companies across the country. We've grown to nearly 100 organizations, including financial institutions, ESOP service providers, law firms, foundations, advocacy groups and more.
    Expenses $89,839
  • Policy Development- Via engagement with our coalition members, a listening tour of large companies and more, we've begun work to develop a comprehensive policy proposal that would unlock ESOP activity at large companies across the country and economy. We started by identifying the roadblocks preventing large companies from adopting ESOPs and then working through various ideas to overcome those hurdles via modernizing the 50+ year-old ESOP law
    Expenses $87,500

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024No data

IRS record

EIN
99-3989570
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
May
Files
Form 990 or 990-EZ
Assets (IRS master file)
$383,013
Income (IRS master file)
$855,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about EXPANDING ESOPS INC

What is the EIN of EXPANDING ESOPS INC?
The employer identification number (EIN) of EXPANDING ESOPS INC is 99-3989570.
Is EXPANDING ESOPS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to EXPANDING ESOPS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EXPANDING ESOPS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of EXPANDING ESOPS INC due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EXPANDING ESOPS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of EXPANDING ESOPS INC?
The 990 for the year ended May 31, 2025 names Julia Akhmedova.
Who are the officers and directors of EXPANDING ESOPS INC?
The 990 for the year ended May 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does EXPANDING ESOPS INC have?
On its 990 for the year ended May 31, 2025 it reported revenue of $855,000, expenses of $471,987 and total assets of $383,013 at year end.

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