Democratic Socialists Of America Inc
- Assets
- $3.9m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 36
- Location
- New York, NY
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 13-3109557
Organization Overview
Democratic Socialists Of America Inc is located in New York, NY. The organization was established in 1988. 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 12/2023, Democratic Socialists Of America Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democratic Socialists Of America Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Democratic Socialists Of America Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.2% each year . All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 42.6% per year over the past 8 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.
Since 2022, Democratic Socialists Of America Inc has awarded 17 individual grants totaling $230,786. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC EDUCATION ABOUT DEMOCRATIC SOCIALISM AND ORGANIZING MEMBERS TO WORK ACTIVELY ON STEPS TOWARD THE GOALS OF DEMOCRATIC SOCIALISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ACTION: EDUCATE THE PUBLIC ABOUT THE CAUSES OF DECLINING LIVING STANDARDS IN THE UNITED STATES AND EDUCATE MEMBERS HOW TO BRING PEOPLE TOGETHER TO PROMOTE SOLUTIONS.
YOUTH: EDUCATE STUDENTS ABOUT THE RISE OF STUDENT DEBT AND INCOME INEQUALITY AND DECREASING ACCESS TO HIGHER EDUCATION AND TRAIN THEM TO EDUCATE OTHERS
NATIONAL ELECTORAL COMMITTEE: PROVIDES DIRECT SUPPORT TO CAMPAIGNS FOR CANDIDATES FOR LOCAL, STATE AND NATIONAL OFFICES AS WELL AS LOCAL AND STATE BALLOT MEASURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Svart National Director | Officer | 34 | $102,715 |
Ashik Siddique Co-Chair | OfficerTrustee | 5 | $24,654 |
Kristian Hernandez Chair (thru. 08/23) | OfficerTrustee | 5 | $14,000 |
Laura Gabby Board Member (thru. 08/23) | Trustee | 5 | $14,000 |
Sydney Ghazarian Board Member (thru. 08/23) | Trustee | 5 | $14,000 |
Justin Charles Board Member (thru. 08/23) | Trustee | 5 | $14,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Movement Cooperative Consultant | 12/30/20 | $123,916 |
Pb Work Solutions Human Resources | 12/30/20 | $260,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,925,507 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $914,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,840,275 |
| Total Program Service Revenue | $303,810 |
| Investment income | $17,395 |
| 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 | -$448 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,161,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,165 |
| 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. | $133,663 |
| Compensation of current officers, directors, key employees. | $15,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,300,028 |
| Pension plan accruals and contributions | $20,640 |
| Other employee benefits | $535,636 |
| Payroll taxes | $201,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,464 |
| Fees for services: Accounting | $18,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $400,527 |
| Advertising and promotion | $83,010 |
| Office expenses | $527,040 |
| Information technology | $431,289 |
| Royalties | $0 |
| Occupancy | $205,990 |
| Travel | $308,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $804,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,264 |
| All other expenses | $0 |
| Total functional expenses | $7,095,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,043 |
| Savings and temporary cash investments | $2,445,424 |
| Pledges and grants receivable | $77,023 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,405 |
| Prepaid expenses and deferred charges | $158,580 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,497 |
| Total assets | $3,914,972 |
| Accounts payable and accrued expenses | $175,097 |
| 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 | $42,375 |
| Total liabilities | $217,472 |
| Net assets without donor restrictions | $3,697,500 |
| 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 | $3,914,972 |
Grants Awarded
Over the last fiscal year, Democratic Socialists Of America Inc has awarded $100,001 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UE RESEARCH & EDUCATION FUND PURPOSE: EWOC 2023 | $20,000 |
MAINE DSA FOR LIVABLE PORTLAND PURPOSE: NEC grant | $20,000 |
ARIZONA WORKS TOGETHER PURPOSE: Grant Donation | $20,000 |
TACOMA FOR ALL PURPOSE: NEC Tacoma for All | $20,001 |
RAISE THE WAGE RENTON PURPOSE: Raise the Wage | $10,000 |
TENANTS ORGANIZED AGAINST DISPLACEMENT PURPOSE: NEC Grant | $10,000 |
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 |