Democratic Socialists Of America Inc
- Assets
- $4.9m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 07/1988
- Data as of
- 12/2021
- 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 12/2021, Democratic Socialists Of America Inc employed 44 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 12/2021, Democratic Socialists Of America Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 45.1% 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
2021
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
GREEN NEW DEAL: EDUCATE THE PUBLIC ABOUT THE NEED FOR STRUCTURAL CHANGE IN PUBLIC INVESTMENT TOWARDS CLEAN ENERGY, INFRASTRUCTURE AND HEALTH CARE AND THE IMPORTANT ROLE OF THE WORKING CLASS IN WINNING THESE CHANGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Svart National Director | Officer | 34 | $94,137 |
Kristian Hernandez Secretary Treasurer | OfficerTrustee | 5 | $0 |
Natalie Midiri Board Chair | OfficerTrustee | 5 | $0 |
Austin Gonzalez Board Member | Trustee | 5 | $0 |
Blanca Estevez Board Member | Trustee | 5 | $0 |
Dave Pinkham Board Member | Trustee | 5 | $0 |
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 | $6,083,487 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $614,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,698,449 |
| Total Program Service Revenue | $86,888 |
| Investment income | $8 |
| 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 | $57,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,854,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,817,780 |
| Pension plan accruals and contributions | $13,949 |
| Other employee benefits | $409,541 |
| Payroll taxes | $155,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,923 |
| Fees for services: Accounting | $44,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $383,983 |
| Advertising and promotion | $40,559 |
| Office expenses | $1,554,890 |
| Information technology | $355,679 |
| Royalties | $0 |
| Occupancy | $109,196 |
| Travel | $46,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $477,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,513 |
| All other expenses | $0 |
| Total functional expenses | $5,632,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,286,638 |
| Savings and temporary cash investments | $200,000 |
| Pledges and grants receivable | $88,177 |
| Accounts receivable, net | $163,878 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,918 |
| Prepaid expenses and deferred charges | $53,829 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,289 |
| Total assets | $4,898,729 |
| Accounts payable and accrued expenses | $122,836 |
| 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 | $43,796 |
| Total liabilities | $166,632 |
| Net assets without donor restrictions | $4,732,097 |
| 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 | $4,898,729 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Democratic Socialists Of America Inc has recieved totaling $40,693.
| Awarding Organization | Amount |
|---|---|
Democratic Socialists Of America Fund Inc New York, NY PURPOSE: Conference | $40,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democratic Socialists Of America Inc New York, NY | $4,898,729 | $6,854,135 |
Political Research Associates Somerville, MA | $3,771,294 | $2,818,345 |
Scholars Strategy Network Boston, MA | $3,250,757 | $2,794,376 |
Center For Independent Thought Inc Bala Cynwyd, PA | $4,717,813 | $3,704,042 |
American Assembly New York, NY | $27,391,919 | $3,217,603 |
Academy Of Political Science New York, NY | $1,734,690 | $521,198 |
American Academy Of Political And Social Science Philadelphia, PA | $5,200,244 | $601,750 |
Democratic Socialists Of America Fund Inc New York, NY | $660,229 | $333,692 |
New Jersey Center For Civic & Law Related Education Inc Piscataway, NJ | $2,274 | $0 |
Robert A Taft Institute Of Government Flushing, NY | $130,798 | $57,117 |
Conference For The Study Of Political Thought Association New York, NY | $11,506 | $0 |