Center For Economic Democracy

Organization Overview

Center For Economic Democracy is located in Boston, MA. The organization was established in 2018. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Center For Economic Democracy employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Economic Democracy 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, Center For Economic Democracy generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.3% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Center For Economic Democracy has awarded 119 individual grants totaling $3,131,814. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE CENTER FOR ECONOMIC DEMOCRACY [C.E.D.] IS A U.S. SOCIAL MOVEMENT BUILDING ORGANIZATION, GROWING CAPACITY IN OUR COMMUNITIES TO TRANSFORM AMERICAN CAPITALISM INTO A MORE JUST, SUSTAINABLE AND DEMOCRATIC ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2022 CED CONTINUED TO WORK IN COALITION WITH COMMUNITY PARTNERS TO ADVANCE PARTICIPATORY BUDGETING IN THE CITY OF BOSTON BY FOCUSING ON PASSING A CITY ORDINANCE TO ESTABLISH THE OFFICE OF PARTICIPATORY BUDGETING AND A DETAILED PROCESS TO IMPLEMENT THE PARTICIPATORY BUDGETING PROCESS WHICH WAS WON LAST YEAR. WE ALSO PROVIDED EDUCATIONAL TRAINING TO STUDENTS FROM AROUND THE COUNTRY (E4E) AND DEVELOPED NEW CURRICULUM TO ADD ONTO OUR EXISTING PROGRAMMING (MFFS, E4E 201) AND HOSTED A STATEWIDE COALITION TO SUPPORT COOPERATIVES AND WORKER OWNERSHIP WHICH PASSED THE MASSCEO ENABLING ACT, CREATING A STANDING OFFICE WITHIN THE MA OFFICE OF BUSINESS DEVELOPMENT TO PROMOTE WORKER OWNERSHIP STATEWIDE. ADDITIONALLY, WE MANAGED COMMUNITY GOVERNED FUNDS THAT MADE GRANTS AND LOANS TO NONPROFITS AND SOCIAL ENTERPRISES (SEI) AND PUBLISHED A NEW PAPER INTRODUCING THE CONCEPT OF SOCIAL MOVEMENT INVESTING.


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Board, Officers & Key Employees

Name (title)Compensation
Khalida Smalls
Director
$0
Farhad Ebrahimi
Director
$0
Sarah Jimenez
Treasurer
$0
Penn Loh
President
$0
Maria Christina Blanco
Board Clerk/operation Manager
$60,614
Aaron Tanaka
Executive Director
$64,897

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$7,328,600
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,328,600
Total Program Service Revenue$189,305
Investment income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $7,517,905

Grants Awarded

Over the last fiscal year, Center For Economic Democracy has awarded $396,000 in support to 9 organizations.

Grant RecipientAmount

RESIST

PURPOSE: GRANT TO RESOURCE ORGANIZING PROJECT & MOVEMENT SPACE

$150,000

DUDLEY STREET NEIGHBORHOOD INITIATIVE

PURPOSE: GRANT TO SUPPORT COMMUNITY LAND TRUST

$120,000

COMMUNITY LABOR UNITED INC

PURPOSE: GRANT FOR GENERAL OPERATING EXPENSES - NEU4J

$20,000

AYNI INSTITUTE

PURPOSE: GRANT FOR GENERAL OPERATING EXPENSES - NEIGHBORS UNITED FOR A BETTER EAST BOSTON

$20,000

BRAZILIAN WOMEN'S GROUP

PURPOSE: GRANT FOR GENERAL OPERATING EXPENSES

$20,000

CHINATOWN PEOPLE PROGRESSIVE ASSOCIATION

PURPOSE: GRANT FOR GENERAL OPERATING EXPENSES

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
Trufund Financial Services Inc
New York, NY
$16,024,804
Sports Fans Coalition Ny Inc
Ronkonkoma, NY
$8,459,536
Granite State Economic Development Corp
Portsmouth, NH
$9,828,396
Nybdc Local Development Corporation
Albany, NY
$12,326,838
Structured Employment Economic Development Corporation
Bronx, NY
$6,558,823
Griffiss Local Development Corporation
Rome, NY
$6,476,737
Buffalo Niagara Convention Center Management Corporation
Buffalo, NY
$4,947,917
Kiryas Joel Municipal Local Development Corporation
Monroe, NY
$5,050,214
Connecticut Economic Resource
New Haven, CT
$5,035,626
Metrotech Area District Management Association Inc
Brooklyn, NY
$4,983,765
Greater New Bedford Workforce Investment Board Inc
New Bedford, MA
$4,498,189
New England Council Inc
Boston, MA
$5,159,545
The Resource Inc For Community And Economic Development
North Eastham, MA
$4,312,964
Waterbury Development Corporation
Waterbury, CT
$3,731,866
Greater Providence-Warwick Convention And Visitors Bureau
Providence, RI
$4,084,659
Center For Southeast Asians
Providence, RI
$3,432,112
Renaissance Economic Development Corporation
New York, NY
$4,221,507
Harlem Commonwealth Council Inc
New York, NY
$4,456,840
Meatpacking District Management Association Inc
New York, NY
$3,389,104
Hudson Yards Hells Kitchen Business Improvement District Inc
New York, NY
$3,037,895
Fuzehub Inc
Albany, NY
$3,064,438
New York Communities Organizing Fund Inc
Brooklyn, NY
$2,707,799
Windham Regional Community Council Inc
Willimantic, CT
$3,327,963
West Harlem Development Corporation
New York, NY
$728,466
Hedco Inc
Hartford, CT
$4,502,536

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