Democratic Socialists Of America Fund Inc
- Assets
- $658.8k
- Revenue
- $317.5k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 05/1977
- Data as of
- 12/2022
- EIN
- 13-2893010
Organization Overview
Democratic Socialists Of America Fund Inc is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (V24) the organization is classified as: Political Science, under the broad grouping of Social Science and related organizations. As of 12/2022, Democratic Socialists Of America Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democratic Socialists Of America Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Democratic Socialists Of America Fund Inc generated $317.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $334.4k during the year ending 12/2022. While expenses have increased by 23.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE UNDERSTANDING OF DEMOCRATIC SOCIALISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAM & ECONOMIC JUSTICE: TO SUPPORT YOUTH ACTIVISM AROUND SPECIFIC ISSUES IN CAMPUS AND COMMUNITIES: TO EDUCATE THE PUBLIC ABOUT THE PROBLEM OF DECLINING LIVING STANDARDS IN THE US AND ITS STRUCTURAL CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Svart National Director | Officer | 4 | $0 |
Theresa Alt Secretary-Treasurer | OfficerTrustee | 1 | $0 |
David Green Board Member | Trustee | 1 | $0 |
Frank Llewellyn Board Member | Trustee | 1 | $0 |
Maxine Phillips Board Member | Trustee | 15 | $0 |
Yael Bridge Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,481 |
| Noncash contributions included in lines 1a–1f | $48,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,481 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,967 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,359 |
| Payroll taxes | $12,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,268 |
| Fees for services: Accounting | $20,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,708 |
| Advertising and promotion | $0 |
| Office expenses | $22,977 |
| Information technology | $9,449 |
| Royalties | $0 |
| Occupancy | $2,521 |
| Travel | $315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $249 |
| All other expenses | $0 |
| Total functional expenses | $334,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,929 |
| Savings and temporary cash investments | $240,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $658,773 |
| Accounts payable and accrued expenses | $46,454 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,454 |
| Net assets without donor restrictions | $612,319 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $658,773 |
Grants Awarded
Over the last fiscal year, Democratic Socialists Of America Fund Inc has awarded $48,193 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY PRESS PURPOSE: Publications | $7,500 |
DEMOCRATIC SOCIALISTS OF AMERICA INC PURPOSE: Conference | $40,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democratic Socialists Of America Inc New York, NY | $3,914,972 | $6,161,514 |
Political Research Associates Somerville, MA | $2,661,896 | $2,417,475 |
Scholars Strategy Network Boston, MA | $5,992,666 | $4,126,778 |
Center For Independent Thought Inc Bala Cynwyd, PA | $6,038,576 | $3,236,440 |
American Academy Of Political And Social Science Philadelphia, PA | $4,902,524 | $686,073 |
Academy Of Political Science New York, NY | $1,647,416 | $692,660 |
Democratic Socialists Of America Fund Inc New York, NY | $658,773 | $317,481 |
New Jersey Center For Civic & Law Related Education Inc Piscataway, NJ | $240,922 | $486,780 |
Robert A Taft Institute Of Government Flushing, NY | $131,593 | $116,217 |
Conference For The Study Of Political Thought Association New York, NY | $14,856 | $0 |