Democracy Fund Inc
- Assets
- $96.0m
- Revenue
- $68.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 38-3926408
Organization Overview
Democracy Fund Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democracy 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, Democracy Fund Inc generated $68.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $62.0m during the year ending 12/2022. While expenses have increased by 18.6% 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 2015, Democracy Fund Inc has awarded 2,214 individual grants totaling $387,439,285. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTIONS AND VOTINGVOTING IS ONE OF THE MOST SIGNIFICANT WAYS FOR PEOPLE IN THE UNITED STATES TO PARTICIPATE IN DEMOCRACY. BUT OUR VOTING SYSTEM WASN'T BUILT TO SUPPORT EQUITABLE PARTICIPATION. TO DEVELOP A FREE, FAIR, AND EQUITABLE ELECTION SYSTEM, OUR ELECTIONS PROGRAM SUPPORTS THOSE WHO ARE BUILDING VOTING POWER IN THEIR COMMUNITIES, WHILE STRENGTHENING OUR ELECTION INFRASTRUCTURE TO PROMOTE AN ELECTION SYSTEM THAT CONSISTENTLY PRODUCES TRUSTED RESULTS, FAIRLY REPRESENTS THE MAJORITY OF VOTERS, AND MAKES EQUITABLE PARTICIPATION POSSIBLE.
VIBRANT AND DIVERSE PUBLIC SQUARE PROGRAMRELIABLE INFORMATION IS GETTING HARDER TO FIND, LEADING TO LESS INFORMED VOTERS AND GREATER THREATS TO DEMOCRACY. TO INCREASE CIVIC PARTICIPATION, THE PUBLIC SQUARE PROGRAM INVESTS IN ORGANIZATIONS AND LEADERS WHO BELIEVE IN THE POWER OF ACCURATE AND ACCESSIBLE INFORMATION AS A FORCE FOR JUSTICE AND DEMOCRACY AND WORK TO ENSURE COMMUNITIES HAVE ACCESS TO THE INFORMATION THEY NEED, ONLINE AND OFFLINE.
REPRESENTATIVE AND ACCOUNTABLE GOVERNANCEIN A HEALTHY DEMOCRACY, GOVERNMENT INSTITUTIONS AND OFFICIALS WORK IN SERVICE OF ALL CONSTITUENTS AND WELCOME DIFFERENT POINTS OF VIEW. GOVERNANCE STRATEGIES SEEK TO STRENGTHEN THE PRO-DEMOCRACY MOVEMENT, DEFEND AGAINST AUTHORITARIAN THREATS, AND ADVANCE LONG-TERM, STRUCTURAL CHANGE BY SHIFTING POWER TO THE PEOPLE AND AWAY FROM A SELECT FEW. THIS WORK REQUIRES A LONG-TERM, THOUGHTFUL APPROACH THAT RECOGNIZES THAT ANTI-DEMOCRATIC PRACTICES AREN'T CONFINED TO SPECIFIC GEOGRAPHIC LOCATIONS OR PEOPLE.
JUST AND INCLUSIVE SOCIETYPOLITICAL AND CLIMATE CRISES ARE FORCING PEOPLE TO RELOCATE, WITH COMMUNITIES OF COLOR DISPROPORTIONATELY AFFECTED. THE JUST AND INCLUSIVE SOCIETY PROGRAM WORKS TO ENSURE MIGRANT AND REFUGEE COMMUNITIES IN THE UNITED STATES HAVE THE RESOURCES TO BUILD AND LEAD AN INTERSECTIONAL SOCIAL MOVEMENT THAT PROTECTS THEIR RIGHTS AND ADDRESSES GLOBAL THREATS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Christen Director | 1.08 | $0 | |
Joseph Goldman President & CEO | 32 | $473,065 | |
Sarah Steven Director | 1.31 | $0 | |
Matthew Deakin Treasurer | 0.15 | $0 | |
Deepa Isac General Counsel & Secretary | 37 | $247,160 | |
Robin Thompson Treasurer & Senior Director Of Finance | 37 | $204,235 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reboot Design | 12/30/22 | $658,090 |
Redstone Strategy Group Llc | 12/30/22 | $377,100 |
Center For Evaluation Studies | 12/30/22 | $208,000 |
Community Counseling Service Co Llc | 12/30/22 | $328,500 |
Meteorite Advisors | 12/30/22 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,685,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $398,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,492,504 |
| Capital Gain Net Income | $68,193,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,592,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $924,460 |
| Other employee salaries and wages | $8,280,927 |
| Pension plans, employee benefits | $1,633,333 |
| Interest | $0 |
| Taxes | $1,587,744 |
| Depreciation | $0 |
| Occupancy | $1,831,393 |
| Travel, conferences, and meetings | $295,555 |
| Printing and publications | $4,833 |
| Other expenses | $1,177,887 |
| Total operating and administrative expenses | $20,570,984 |
| Contributions, gifts, grants paid | $41,451,118 |
| Total expenses and disbursements | $62,022,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,072,214 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $327,649 |
| Net Investments - land, buildings, equipment | $742,186 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,849,869 |
| Total assets | $95,991,918 |
| Accounts payable and accrued expenses | $3,228,306 |
| Grants payable | $5,515,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,998,495 |
| Total liabilities | $16,741,801 |
Grants Awarded
Over the last fiscal year, Democracy Fund Inc has awarded $50,350,118 in support to 267 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE CHANGE INC PURPOSE: PROGRAM SUPPORT FOR THE CIVIC REVOLUTION PROJECT | $250,000 |
ACCOUNTABLEUS PURPOSE: GENERAL SUPPORT | $150,000 |
ACTION CENTER ON RACE AND THE ECONOMY INSTITUTE PURPOSE: GENERAL SUPPORT | $200,000 |
AFRICAN AMERICAN FEDERAL EXECUTIVES ASSOCIATION INCORPORATED PURPOSE: GENERAL SUPPORT | $50,000 |
ALLIED MEDIA PROJECTS INC PURPOSE: PROGRAM SUPPORT FOR KAIROS FELLOWSHIP | $215,000 |
ALTERNATIVE NEWSWEEKLY FOUNDATION PURPOSE: PROGRAM SUPPORT FOR ORGANIZATIONAL RESILIENCE AND SUSTAINABILITY | $50,000 |