The Texas Democracy Foundation
- Assets
- $1.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Austin, TX
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 74-2619883
Organization Overview
The Texas Democracy Foundation is located in Austin, TX. The organization was established in 1994. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Texas Democracy Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Democracy Foundation 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, Texas Democracy Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 8.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER,PROMOTE AND ENCOURAGE THE ADVANCEMENT OF PUBLIC AFFAIRS, GOVERNMENT, LITERATURE AND THE ARTS THROUGH THE PUBLICATION OF THE TEXAS OBSERVER, A BIMONTHLY PERIODICAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED BI-MONTHLY JOURNAL, THE TEXAS OBSERVER, SERVING 3,500 SUBSCRIBERS, DISTRIBUTING AN ADDITIONAL 1,500 COPIES THROUGH BOOKSTORES. FURNISHED COPIES TO EDUCATIONAL INSTITUTIONS UPON REQUEST FOR USE IN CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kanin Publisher | Officer | 40 | $72,680 |
Abby Rapoport President | OfficerTrustee | 10 | $0 |
Peter Ravella Treasurer | OfficerTrustee | 2 | $0 |
Carlton Carl Director | Trustee | 2 | $0 |
Saneta Devueno-Powell Director | Trustee | 2 | $0 |
Carrie James Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $176,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,619,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,795,792 |
| Total Program Service Revenue | $48,772 |
| Investment income | $8,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,042 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,137 |
| Net Income from Fundraising Events | $12,167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,907,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $73,880 |
| Compensation of current officers, directors, key employees. | $16,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $817,927 |
| Pension plan accruals and contributions | $7,934 |
| Other employee benefits | $81,819 |
| Payroll taxes | $70,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,564 |
| Fees for services: Accounting | $38,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,861 |
| Fees for services: Other | $415,659 |
| Advertising and promotion | $0 |
| Office expenses | $137,978 |
| Information technology | $72,528 |
| Royalties | $0 |
| Occupancy | $31,024 |
| Travel | $29,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,229 |
| Insurance | $5,612 |
| All other expenses | $0 |
| Total functional expenses | $1,812,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,112 |
| Savings and temporary cash investments | $321,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,714 |
| 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 | $6,251 |
| Net Land, buildings, and equipment | $4,350 |
| Investments—publicly traded securities | $636,922 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,932 |
| Total assets | $1,291,717 |
| Accounts payable and accrued expenses | $143,754 |
| Grants payable | $0 |
| Deferred revenue | $19,969 |
| 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 | $0 |
| Total liabilities | $163,723 |
| Net assets without donor restrictions | $915,234 |
| Net assets with donor restrictions | $212,760 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,291,717 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that The Texas Democracy Foundation has recieved totaling $469,071.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $125,000 |
Ford Foundation New York, NY PURPOSE: FOR THE TEXAS OBSERVER TO PROVIDE IN-DEPTH REPORTING ON SOCIAL JUSTICE ISSUES | $100,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE TEXAS OBSERVER'S INDIGENOUS AFFAIRS DESK TO CORRECT THE FIELDS LACK OF JOURNALISTIC ATTENTION TO INDIGENOUS COMMUNITIES AND STORIES THAT INFORM AND EMPOWER INDIGENOUS READERS | $75,000 |
Passport Foundation Wilmington, DE PURPOSE: PUBLIC HEALTH WATCH LAUNCH SUPPORT ANOTHER ORGANIZ | $60,000 |
Commonwealth Fund New York, NY PURPOSE: PUBLIC HEALTH WATCH: MEDICAID EXPANSION REPORTING | $32,000 |
St Davids Foundation Austin, TX PURPOSE: HEALTH ACCESS GRANT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epochtimes Public Media Inc Houston, TX | $307,327 | $4,904,097 |
Southern Newspapers Inc Media Employeess Medical Plan Trust Houston, TX | $197,466 | $3,542,295 |
International Newspaper Marketing Assoc Dallas, TX | $1,983,312 | $3,083,139 |
San Antonio Report San Antonio, TX | $504,406 | $2,163,484 |
The Texas Democracy Foundation Austin, TX | $1,291,717 | $1,907,878 |
Oxford American Literary Project Inc Little Rock, AR | $826,347 | $1,575,021 |
Radius Books Inc Santa Fe, NM | $4,533,597 | $2,674,449 |
Texas Conservative Coalition Research Institute Austin, TX | $668,794 | $1,384,176 |
Native American Journalists Association Norman, OK | $1,160,008 | $1,560,878 |
Christian Chronicle Corporation Oklahoma City, OK | $2,045,077 | $1,297,343 |
Deep Vellum Publishing Dallas, TX | $927,865 | $1,118,831 |
Land Grant University Tax Education Foundation Inc College Station, TX | $503,284 | $859,742 |