The Texas Democracy Foundation
- Assets
- $578.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Austin, TX
- Founding
- 06/1994
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Texas Democracy Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 10.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Lize Burr President | OfficerTrustee | 10 | $0 |
Peter Ravella Treasurer | OfficerTrustee | 2 | $0 |
Carlton Carl Director | Trustee | 2 | $0 |
Mark Horvit Director | Trustee | 2 | $0 |
Terri Burke Director | Trustee | 2 | $0 |
Kathleen Mcelroy Director | Trustee | 2 | $0 |
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 | $1,395,253 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,395,253 |
| Total Program Service Revenue | $25,000 |
| Investment income | $584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,816 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,700 |
| Net Income from Fundraising Events | $49,508 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,522,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $291,831 |
| 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. | $69,259 |
| Compensation of current officers, directors, key employees. | $15,102 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,713 |
| Pension plan accruals and contributions | $2,579 |
| Other employee benefits | $68,854 |
| Payroll taxes | $54,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,220 |
| Fees for services: Accounting | $22,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,840 |
| Fees for services: Other | $734,187 |
| Advertising and promotion | $1,372 |
| Office expenses | $125,882 |
| Information technology | $35,891 |
| Royalties | $0 |
| Occupancy | $34,641 |
| Travel | $47,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,049 |
| Insurance | $5,861 |
| All other expenses | $0 |
| Total functional expenses | $2,142,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,385 |
| Savings and temporary cash investments | $200,044 |
| 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 | $17,374 |
| Net Land, buildings, and equipment | $30,903 |
| Investments—publicly traded securities | $150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,601 |
| Total assets | $578,457 |
| Accounts payable and accrued expenses | $138,524 |
| Grants payable | $0 |
| 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 | $49,401 |
| Total liabilities | $187,925 |
| Net assets without donor restrictions | $255,919 |
| Net assets with donor restrictions | $134,613 |
| 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 | $578,457 |