Fund For Democratic Communities Inc
- Assets
- $259.8k
- Revenue
- $488.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 26-0344869
Organization Overview
Fund For Democratic Communities Inc is located in Greensboro, NC. The organization was established in 2008. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Democratic Communities 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 12/2021, Fund For Democratic Communities Inc generated $488.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $525.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF GRASSROOTS DEMOCRACY -- GRANT MAKING, COMMUNITY DISCUSSIONS, YOUTH GROUPS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marnie Thompson Co-Mngng Dir | 6 | $0 | |
Ed Whitfield C0-Mngng Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $487,048 |
| Interest on Savings | $28 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,307 |
| Total Revenue | $488,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $128 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,111 |
| Total operating and administrative expenses | $5,784 |
| Contributions, gifts, grants paid | $519,724 |
| Total expenses and disbursements | $525,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,433 |
| Savings and temporary cash investments | $228,855 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $20,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $492 |
| Other assets | $0 |
| Total assets | $259,780 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30 |
| Total liabilities | $30 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fund For Democratic Communities Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $30,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $30,000 |
Peer Organizations
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|---|---|---|
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Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Agecroft Association Richmond, VA | $24,452,362 | $3,235,294 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Beech Foundation Inc Conyers, GA | $2,116,092 | $45,755 |
Ships Of The Sea Maritime Museum Inc Savannah, GA | $19,982,417 | $1,881,579 |
Centurion Holdings 1 Inc Atlanta, GA | $91,960,624 | $853,013 |
Margaret Paxton Memorial For Convalesctent Children Leesburg, VA | $9,241,514 | $486,941 |