Democracy Fund Inc
- Assets
- $93.6m
- Revenue
- $59.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2014
- Data as of
- 12/2021
- 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 12/2021, Democracy Fund Inc generated $59.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $59.6m during the year ending 12/2021. While expenses have increased by 20.9% 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.
Since 2015, Democracy Fund Inc has awarded 1,947 individual grants totaling $337,089,167. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE AND FAIR ELECTIONS PROGRAMVOTING IS THE SINGLE MOST SIGNIFICANT WAY AMERICANS EXERCISE OUR POLITICAL POWER. EVERY ELIGIBLE CITIZEN SHOULD HAVE AN EQUAL OPPORTUNITY TO PARTICIPATE IN ELECTIONS THAT ARE FREE AND FAIR, AS WELL AS EFFICIENT AND SECURE. IMPLEMENTING ACCESSIBLE AND TRUSTWORTHY ELECTIONS IS AN IMMENSE UNDERTAKING, BUT THE AMERICAN ELECTION SYSTEM IS ALSO CHALLENGED BY PERSISTENT BARRIERS TO VOTING FOR HISTORICALLY EXCLUDED COMMUNITIES AND BESET BY UNPRECEDENTED NEW THREATS. OUR ELECTIONS PROGRAM WORKS TOWARD A STRONG AND MODERN VOTING SYSTEM THAT INCREASES VOTER CONFIDENCE AND ENGAGEMENT.
VIBRANT AND DIVERSE PUBLIC SQUARE PROGRAMNO MATTER WHERE THEY LIVE OR WHO THEY ARE, AMERICANS SHOULD BE ABLE TO GET THE NEWS AND INFORMATION THEY NEED TO ENGAGE IN CIVIC LIFE AND TO USE THEIR VOICES WITHOUT FEAR OF BEING HARASSED OR SILENCED. THE RAPIDLY EVOLVING MEDIA LANDSCAPE PRESENTS NEW CHALLENGES AND OPPORTUNITIES FOR OUR COMMUNITIES. OUR PUBLIC SQUARE PROGRAM RESPONDS BY SUPPORTING TRUSTWORTHY LOCAL NEWS AND INVESTIGATIVE REPORTING, MORE EQUITABLE NEWSROOMS, PRESS FREEDOM, COMMUNITY ENGAGEMENT, AND DIGITAL SPACES THAT ADVANCE DEMOCRACY, NOT HATE.
EFFECTIVE, REPRESENTATIVE, AND ACCOUNTABLE GOVERNANCEAMERICAN DEMOCRACY DEPENDS ON A GOVERNMENT THAT REPRESENTS THE INTERESTS OF THE PEOPLE IN ALL OF OUR DIVERSITY ONE THAT IS PREPARED TO ACT ON OUR BEHALF AND THAT IS HELD ACCOUNTABLE WHEN IT DOES NOT. HOWEVER, EXTREME POLARIZATION LIMITS OUR ABILITY TO ACHIEVE SHARED PRIORITIES. PARTISAN POLITICS AND SIGNIFICANT INSTITUTIONAL DECLINE HAVE LED TO GOVERNMENT DYSFUNCTION AND GRIDLOCK. OUR GOVERNANCE PROGRAM PROMOTES THE PRINCIPLED LEADERSHIP AND STRONG INSTITUTIONS OUR GOVERNING SYSTEM NEEDS TO ACT IN THE INTERESTS OF THE AMERICAN PEOPLE.
JUST AND INCLUSIVE SOCIETYJUST AND INCLUSIVE SOCIETY IS A SPECIAL PROJECT THAT BRINGS DIVERSE ORGANIZATIONS AND GROUPS TOGETHER TO WORK FOR A COMMON GOOD, CREATE SAFE AND SECURE COMMUNITIES, DECREASE POLARIZATION, DEVELOP A SENSE OF SHARED IDENTITY, AND DEFEND CONSTITUTIONAL NORMS UNDER ATTACK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Goldman President & CEO | 21 | $478,192 | |
Laura Chambers Chief Operating Offi | 37 | $319,770 | |
Adam Ambrogi Program Director | 38 | $308,920 | |
Thomas Glaisyer Managing Program Dir | 33 | $306,065 | |
Lauren Strayer Managing Communicati | 33 | $269,276 | |
Kelly Reed Deputy Chief Operati | 31 | $206,829 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Williams Group | 12/30/21 | $362,350 |
Due East Partners | 12/30/21 | $271,600 |
Reboot Design | 12/30/21 | $225,095 |
Organizational Research Services | 12/30/21 | $252,800 |
Mission Partners | 12/30/21 | $180,393 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,287,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,812 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $449,280 |
| Capital Gain Net Income | $59,736,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,747,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $531,660 |
| Other employee salaries and wages | $7,516,255 |
| Pension plans, employee benefits | $1,375,092 |
| Interest | $0 |
| Taxes | $1,422,830 |
| Depreciation | $0 |
| Occupancy | $1,757,900 |
| Travel, conferences, and meetings | $38,147 |
| Printing and publications | $4,001 |
| Other expenses | $742,041 |
| Total operating and administrative expenses | $17,989,836 |
| Contributions, gifts, grants paid | $41,605,997 |
| Total expenses and disbursements | $59,595,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,300,612 |
| 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 | $263,148 |
| Net Investments - land, buildings, equipment | $926,935 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,145,573 |
| Total assets | $93,636,268 |
| Accounts payable and accrued expenses | $3,058,208 |
| Grants payable | $8,994,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,897,959 |
| Total liabilities | $20,950,167 |
Grants Awarded
Over the last fiscal year, Democracy Fund Inc has awarded $49,049,610 in support to 289 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Washington, DC PURPOSE: PROGRAM SUPPORT FOR THE TRUSTED ELECTIONS FUND | $900,000 |
Washington, DC PURPOSE: PROGRAM SUPPORT FOR HOPEWELL FUND | $850,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $800,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $800,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Democracy Fund Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
International Womens Media Foundation Washington, DC PURPOSE: PROGRAM SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Catholic Charities Inc Timonium, MD | $200,755,872 | $142,713,595 |
Democracy Fund Inc Washington, DC | $93,636,268 | $59,747,292 |
Interchurch Medical Assistance Inc Washington, DC | $35,417,903 | $56,104,166 |
Mag America Inc Washington, DC | $11,970,594 | $53,429,692 |
Friends Of The World Food Program Inc Washington, DC | $25,343,754 | $59,828,688 |
Catholic Charities Of The Archdiocese Of Washington Inc Washington, DC | $69,271,644 | $52,757,033 |
City First Enterprises Inc Washington, DC | $50,642,589 | $41,161,285 |
United Planning Organization Washington, DC | $21,957,692 | $39,543,643 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Jewish Social Service Agency Rockville, MD | $78,004,250 | $40,027,018 |
American Action Network Inc Washington, DC | $3,726,560 | $29,638,224 |
Medsource Community Services Inc Hagerstown, MD | $13,934,817 | $31,083,317 |