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Nonprofiteer
← ONE FOR DEMOCRACY ACTION FUND

Form 990 for tax year 2022

Filed by ONE FOR DEMOCRACY ACTION FUND.

Totals

Total revenue
$2,660,000
Total expenses
$2,501,250
Contributions and grants received
$2,470,000
Grants paid
$0
Program service revenue
$190,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$643,986
Total liabilities, end of year
$187,673
Net assets or fund balances, end of year
$456,313
Program services expenses (Part IX)
$1,658,780
Management and general expenses
$735,889
Fundraising expenses
$106,581
Program service expenses (Part III)
$1,658,780

Program services were 66.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,470,000

  • 2a · Program service revenue: PROGRAM INCOME

    total $190,000 · related or exempt $190,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $628,487 · program services $515,879 · management and general $100,493 · fundraising $12,115

  • 7 · Other salaries and wages

    total $447,089 · program services $326,235 · management and general $120,854

  • 8 · Pension plan contributions

    total $5,939 · program services $2,078 · management and general $3,861

  • 9 · Other employee benefits

    total $43,184 · program services $33,675 · management and general $9,022 · fundraising $487

  • 10 · Payroll taxes

    total $78,402 · program services $61,195 · management and general $16,328 · fundraising $879

  • 11b · Fees: legal

    total $672 · management and general $672

  • 11c · Fees: accounting

    total $84,136 · management and general $84,136

  • 11g · Fees: other

    total $908,477 · program services $590,510 · management and general $224,967 · fundraising $93,000

  • 13 · Office expenses

    total $74,983 · program services $10,284 · management and general $64,616 · fundraising $83

  • 17 · Travel

    total $76,994 · program services $55,505 · management and general $21,472 · fundraising $17

  • 19 · Conferences, conventions and meetings

    total $38,263 · program services $33,935 · management and general $4,328

  • 22 · Depreciation, depletion and amortization

    total $8,333 · management and general $8,333

  • 23 · Insurance

    total $535 · management and general $535

  • 24a · Other expenses: FISCAL SPONSORSHIP FEES

    total $100,000 · program services $25,000 · management and general $75,000

  • 24b · Other expenses: MISCELLANEOUS

    total $5,756 · program services $4,484 · management and general $1,272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,929 · end of year $371,405

  • 3 · Pledges and grants receivable

    beginning of year $150,000

  • 4 · Accounts receivable

    beginning of year $121,569 · end of year $250,030

  • 9 · Prepaid expenses and deferred charges

    end of year $5,884

  • 10a · Land, buildings and equipment: cost or other basis

    $25,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,333

  • 10c · Land, buildings and equipment, net

    beginning of year $25,000 · end of year $16,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,935 · end of year $187,673

  • 27 · Net assets without donor restrictions

    beginning of year $147,563 · end of year $356,313

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $100,000

Mission and programs · 2022

Mission

ONE FOR DEMOCRACY WORKS TO TRANSFORM THE WAY INDIVIDUAL AND INSTITUTIONAL DONORS APPROACH DEMOCRACY BY EDUCATING THEM AND ENCOURAGING THEM TO PLEDGE A MINIMUM OF 1% OF THEIR NET WORTH OR ASSETS TO STRENGTHEN AND PROTECT DEMOCRATIC INSTITUTIONS, (CONTINUED ON SCHEDULE O)NORMS, AND PROCESSES. DONORS ARE ENCOURAGED TO FUND VARIOUS NONPROFIT ORGANIZATIONS DIRECTLY, WHICH EDUCATE THE PUBLIC ABOUT POLICIES IMPACTING ELECTION ADMINISTRATION AND ACCESSIBILITY, AND ABOUT THE ROLE VARIOUS APPOINTED AND ELECTED OFFICIALS PLAY IN THE DEMOCRATIC PROCESS.

Activities or mission (Part I)

TO TRANSFORM THE WAY INDIVIDUAL AND INSTITUTIONAL DONORS APPROACH DEMOCRACY.

  • 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.

    Expenses $1,112,408 · Revenue $190,000

  • 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.

    Expenses $262,905

  • 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.

    Expenses $283,467

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Watterson

    COFOUNDER/CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Alexander Schultz

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jason Franklin

    SECRETARY

    Total calculated
    $0
    Hours/week
    40
  • Dara Freed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lukas Haynes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Justine Lucas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Madnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christine White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Choi Former

    EXECUTIVE DIRECTOR

    Total calculated
    $214,016
    From this org
    $197,000
    From related orgs
    $0
    Other
    $17,016
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,000
    Bonus
    $0
    Other
    $0
    Deferred
    $16,750
    Nontaxable benefits
    $266
    Filer's total
    $214,016
  • Taylor Holden

    CEO

    Total calculated
    $200,909
    From this org
    $191,864
    From related orgs
    $0
    Other
    $9,045
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,864
    Bonus
    $35,000
    Other
    $0
    Deferred
    $9,045
    Nontaxable benefits
    $0
    Filer's total
    $200,909
  • Tyler Hatch Former

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $125,079
    From this org
    $115,312
    From related orgs
    $0
    Other
    $9,767
    Hours/week
    40
  • Mamta Prakash Former

    DIRECTOR OF FINANCE & OPERATIONS

    Total calculated
    $175,499
    From this org
    $140,000
    From related orgs
    $0
    Other
    $35,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $0
    Other
    $0
    Deferred
    $26,988
    Nontaxable benefits
    $8,511
    Filer's total
    $175,499

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303149349304470

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