Renew Democracy Initiative Inc
- Assets
- $4.7m
- Revenue
- $10.5m
- Investments
- $19.1k
- Employees
- 8
- Location
- New York, NY
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-2547275
Organization Overview
Renew Democracy Initiative Inc is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Renew Democracy Initiative Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renew Democracy Initiative 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 12/2022, Renew Democracy Initiative Inc generated $10.5m in total revenue. All expenses for the organization totaled $6.7m during the year ending 12/2022. While expenses have increased by 164.9% per year over the past 5 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
WE AIM TO CREATE A MOVEMENT UNITED BY THE COMMON LANGUAGE OF CONSTITUTIONAL VALUES. THREATS TO OUR DEMOCRACY, SUCH AS MISINFORMATION, FOREIGN INTERVENTION, AND DEMAGOGUERY WILL NOT DISAPPEAR. BUT WE CAN CREATE RESILIENCE TO THOSE DANGERS BY WORKING TOGETHER TO PROMOTE DEMOCRATIC PRINCIPLES AND CIVIC BEHAVIOR IN THE PUBLIC SPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RDI CONFRONTS AND EXPOSES THE INTERNATIONAL ALLIANCE OF DICTATORS AND IN DOING SO, IT INSPIRES PEOPLE IN THE US AND IN OTHER FREE COUNTRIES TO VALUE AND DEFEND THEIR OWN DEMOCRACIES. IT ACCOMPLISHES THIS MISSION THROUGH A FOCUS ON EDUCATION, ADVOCACY, AND ACTION. RDI CREATES CONTENT HIGHLIGHTING THE VOICES OF DISSIDENTS - PEOPLE WHO HAVE RISKED THEIR LIVES FOR SOME SEMBLANCE OF FREEDOM IN THEIR OWN COUNTRIES - TO BOTH EMPHASIZE THE VALUE OF DEMOCRACY AND REVEAL THE MANY THREATS IT FACES. IT ORGANIZES EVENTS THAT UNITE PEOPLE FROM A DIVERSE ARRAY OF COMMUNITIES AND MOVEMENTS IN DEFENSE OF FREEDOM. IT ENGAGES IN SPECIAL PROJECTS WHERE IT CAN HAVE UNIQUE LEVERAGE TO EFFECT CHANGE AMONG KEY PUBLIC THOUGHT LEADERS. AND IT ENGAGES IN DIRECT ACTION TO HELP THOSE FIGHTING ON THE FRONTLINES OF THE GLOBAL BATTLE BETWEEN FREEDOM AND TYRANNY. SINCE FEBRUARY 24TH, 2022, RDI HAS FOCUSED ON SUPPORTING UKRAINE THROUGH HUMANITARIAN GRANT-MAKING AND PUBLIC EDUCATION CAMPAIGNS AS KYIV HAS BECOME THE EPICENTER OF THIS FIGHT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Kasparov Chairman | OfficerTrustee | 8 | $0 |
Heidi Heitkamp President | OfficerTrustee | 3 | $0 |
Annie Duke Board Member | Trustee | 1 | $0 |
Michael Steele Board Member | Trustee | 1 | $0 |
Bob Kerrey Board Member | Trustee | 3 | $0 |
Mickey Edwards Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,415,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,477,391 |
| Total Program Service Revenue | $16,000 |
| Investment income | $484 |
| 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 | $10,493,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $563,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,852,250 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,028 |
| Compensation of current officers, directors, key employees. | $17,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,211 |
| Payroll taxes | $34,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $31,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,534 |
| Advertising and promotion | $109,801 |
| Office expenses | $10,109 |
| Information technology | $151,650 |
| Royalties | $0 |
| Occupancy | $50,499 |
| Travel | $130,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,195 |
| All other expenses | $0 |
| Total functional expenses | $6,664,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $879,837 |
| Savings and temporary cash investments | $3,658,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,029 |
| 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 | $20,287 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,084 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,414 |
| Total assets | $4,660,111 |
| Accounts payable and accrued expenses | $368,923 |
| Grants payable | $0 |
| Deferred revenue | $105,000 |
| 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 | $473,923 |
| Net assets without donor restrictions | $4,186,188 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,660,111 |
Grants Awarded
Over the last fiscal year, Renew Democracy Initiative Inc has awarded $563,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE OF MODERN RUSSIA INC PURPOSE: SUPPORT PROJECT SUNRISE WHICH DELIVERS CRITICALLY NEEDED HUMANITARIAN AID DIRECTLY TO THE REGIONS OF UKRAINE MOST AFFECTED BY THE WAR | $238,000 |
AMERICAN PURPOSE INC PURPOSE: To build, energize, and focus a coalition of like-minded individuals and organizations in support of Ukraine at a time when Ukraine fatigue is setting in and the German economy faces a serious stress test. | $325,000 |