One For Democracy Action Fund
- Assets
- $644.0k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 86-1321994
Organization Overview
One For Democracy Action Fund is located in New York, NY. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, One For Democracy Action Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One For Democracy Action Fund 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 12/2022, One For Democracy Action Fund generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 30.1% per year over the past 2 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 TRANSFORM THE WAY INDIVIDUAL AND INSTITUTIONAL DONORS APPROACH DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT & LEADERSHIP GIVING:ONE FOR DEMOCRACY CONTINUED TO INVEST DEEPLY IN ENGAGING BOTH INDIVIDUALS AND CHARITABLE FOUNDATIONS TO MAKE LONG-TERM COMMITMENTS TO PROTECTING AMERICAN DEMOCRACY. IN 2021, 114 INDIVIDUALS AND FOUNDATIONS TOOK OR RENEWED THEIR PLEDGE TO GIVE 1% OR MORE OF THEIR ASSETS TO STRENGTHEN OUR DEMOCRACY. CRUCIALLY, MOST OF THEM TOOK THE FOUR-YEAR PLEDGE, AND MORE THAN HALF OF OUR INITIAL 2020 ONE-YEAR PLEDGERS SIGNED A FOUR-YEAR PLEDGE IN 2021 HELPING MEANINGFULLY CONTRIBUTE TO OUR GOAL OF STOPPING THE BOOM-AND-BUST CYCLE OF DEMOCRACY.
COMMUNITY ENGAGEMENT:IN THE LAST YEAR, O4D TRANSITIONED FROM A START-UP ORGANIZING CAMPAIGN TO A LONG-TERM COMMUNITY OF DONORS COMMITTED TO STRENGTHENING OUR DEMOCRACY TOGETHER. WE HOSTED MORE THAN FIFTEEN MAJOR DONOR EDUCATION AND COMMUNITY BUILDING EVENTS, BOTH VIRTUALLY AND IN PERSON, THAT REACHED HUNDREDS OF PARTICIPANTS.
DEMOCRACYFINALLY, OUR PLEDGERS COLLECTIVELY COMMITTED OVER $100 MILLION DOLLARS TO THE ORGANIZATIONS AND LEADERS THAT WERE UPHOLDING OUR DEMOCRACY IN 2021. IN SERVICE OF HELPING MOVING FUNDS TO THE MOST URGENT NEEDS OF DEMOCRACY ADVOCATES, O4D PROVIDED ROBUST ADVISING TO BRIDGE BETWEEN DONOR INTERESTS AND PRIORITIES AND MOVEMENT NEEDS AND HAPS. WE EXPANDED OUR DEMOCRACY INVESTMENT COMMITTEE TO MEET THE NEEDS OF OUR GROWING COMMUNITY WITH ADDED EXPERTISE ON ELECTION PROTECTION, FIGHTING GERRYMANDERING, STRENGTHENING GRASSROOTS ORGANIZING, AND MORE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Watterson Cofounder/chair | OfficerTrustee | 1 | $0 |
Alexander Schultz Treasurer | OfficerTrustee | 1 | $0 |
Jason Franklin Secretary | OfficerTrustee | 40 | $0 |
Dara Freed Director | Trustee | 1 | $0 |
Lukas Haynes Director | Trustee | 1 | $0 |
Justine Lucas Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jason Franklin Dba Ktisis Capital Llc Consulting Service | 12/30/22 | $311,515 |
Taylor Ann Holden Consulting Service | 12/30/22 | $103,250 |
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 | $2,470,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,470,000 |
| Total Program Service Revenue | $190,000 |
| 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 | $2,660,000 |
| 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. | $628,487 |
| Compensation of current officers, directors, key employees. | $100,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,089 |
| Pension plan accruals and contributions | $5,939 |
| Other employee benefits | $43,184 |
| Payroll taxes | $78,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $672 |
| Fees for services: Accounting | $84,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $908,477 |
| Advertising and promotion | $0 |
| Office expenses | $74,983 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $76,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,333 |
| Insurance | $535 |
| All other expenses | $0 |
| Total functional expenses | $2,501,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,030 |
| 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 | $5,884 |
| Net Land, buildings, and equipment | $16,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,986 |
| Accounts payable and accrued expenses | $187,673 |
| 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 | $0 |
| Total liabilities | $187,673 |
| Net assets without donor restrictions | $356,313 |
| Net assets with donor restrictions | $100,000 |
| 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 | $643,986 |