Democracy Fund Voice Inc
- Assets
- $20.3m
- Revenue
- $28.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-5051755
Organization Overview
Democracy Fund Voice Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democracy Fund Voice 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, Democracy Fund Voice Inc generated $28.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $20.3m during the year ending 12/2023. While expenses have increased by 20.0% 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 2016, Democracy Fund Voice Inc has awarded 255 individual grants totaling $64,501,788. 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
AN ORGANIZATION THAT CONDUCTS AND SUPPORTS ADVOCACY TO PRODUCE A STRONGER U.S. DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE AND FAIR ELECTIONS:VOTING 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:NO 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 GOVERNANCE:AMERICAN 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robinson Jacobs Director | Trustee | 1.75 | $0 |
Patricia L Christen Chairman | Trustee | 0.42 | $0 |
Deepak Bhargava As Of March Director | Trustee | 0.25 | $0 |
Stacy Donohue Through March Director | Trustee | 0.25 | $0 |
Jeff Alvord Through March Director | Trustee | 1.46 | $0 |
Joseph Goldman President & CEO | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K&l Gates Llp Consulting | 12/30/23 | $330,281 |
Porter Novelli Inc Consulting | 12/30/23 | $325,000 |
Arabella Advisors Llc Consulting | 12/30/23 | $231,251 |
Dot Connector Studio Llc Consulting | 12/30/23 | $106,477 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,499,781 |
| Noncash contributions included in lines 1a–1f | $28,499,781 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,499,781 |
| Total Program Service Revenue | $0 |
| Investment income | $81,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $218,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,799,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,475,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,587 |
| Fees for services: Accounting | $95,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,008,240 |
| Advertising and promotion | $0 |
| Office expenses | $8,780 |
| Information technology | $86,314 |
| Royalties | $0 |
| Occupancy | $158,335 |
| Travel | $20,676 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,451 |
| Insurance | $0 |
| All other expenses | $26,908 |
| Total functional expenses | $20,332,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,306,508 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,306,508 |
| Accounts payable and accrued expenses | $229,272 |
| Grants payable | $5,605,000 |
| 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 | $358,205 |
| Total liabilities | $6,192,477 |
| Net assets without donor restrictions | $0 |
| 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 | $14,114,031 |
| Total liabilities and net assets/fund balances | $20,306,508 |
Grants Awarded
Over the last fiscal year, Democracy Fund Voice Inc has awarded $13,803,000 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
NEO PHILANTHROPY ACTION FUND INC PURPOSE: Program support for Four Freedoms Action Fund | $150,000 |
PAY OUR INTERNS ACTION FUND PURPOSE: General support | $100,000 |
VOTE MAMA ACTION FUND INC PURPOSE: General support | $175,000 |
PODER NC ACTION PURPOSE: Program support to build civic power for Latinx in North Carolina | $100,000 |
TRUMAN NATIONAL SECURITY PROJECT INC PURPOSE: General support | $305,000 |
FAIR FIGHT ACTION INC PURPOSE: General support | $150,000 |