Skip to content
Nonprofiteer
← DEMOCRACY FUND VOICE INC

Form 990 for tax year 2023

Filed by DEMOCRACY FUND VOICE INC.

Totals

Total revenue
$28,799,967
Total expenses
$20,332,900
Contributions and grants received
$28,499,781
Grants paid
$16,475,000
Program service revenue
$0
Investment income
$300,186
Other revenue
$0
Total assets, end of year
$20,306,508
Total liabilities, end of year
$6,192,477
Net assets or fund balances, end of year
$14,114,031
Program services expenses (Part IX)
$19,027,460
Management and general expenses
$1,305,440
Fundraising expenses
$0
Program service expenses (Part III)
$19,027,460

Program services were 93.6% 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

    $28,499,781

  • 1g · Noncash contributions included above

    $28,499,781

  • 3 · Investment income

    total $81,512 · excluded $81,512

  • 7a · Gross sales of assets other than inventory

    securities $28,587,033

  • 7b · Less cost or other basis and sales expenses

    securities $28,368,359

  • 7c · Gain or loss

    securities $218,674

  • 7d · Net gain or loss

    total $218,674 · excluded $218,674

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,475,000 · program services $16,475,000

  • 11b · Fees: legal

    total $42,587 · management and general $42,587

  • 11c · Fees: accounting

    total $95,000 · management and general $95,000

  • 11g · Fees: other

    total $3,008,240 · program services $2,201,438 · management and general $806,802

  • 13 · Office expenses

    total $8,780 · program services $6,242 · management and general $2,538

  • 14 · Information technology

    total $86,314 · program services $61,361 · management and general $24,953

  • 16 · Occupancy

    total $158,335 · program services $112,562 · management and general $45,773

  • 17 · Travel

    total $20,676 · program services $15,620 · management and general $5,056

  • 19 · Conferences, conventions and meetings

    total $103,725 · program services $29,192 · management and general $74,533

  • 22 · Depreciation, depletion and amortization

    total $16,451 · program services $11,695 · management and general $4,756

  • 24a · Other expenses: Taxes for political act

    total $108,813 · management and general $108,813

  • 24b · Other expenses: Payroll taxes

    total $89,411 · program services $51,959 · management and general $37,452

  • 24c · Other expenses: Dues & subscriptions

    total $68,635 · program services $48,793 · management and general $19,842

  • 24d · Other expenses: Internal staff events

    total $24,025 · program services $901 · management and general $23,124

  • 24e · All other expenses

    total $26,908 · program services $12,697 · management and general $14,211

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,329,184 · end of year $20,306,508

  • 9 · Prepaid expenses and deferred charges

    beginning of year $250,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $266,357 · end of year $229,272

  • 18 · Grants payable

    beginning of year $2,933,000 · end of year $5,605,000

  • 25 · Other liabilities

    beginning of year $602,352 · end of year $358,205

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,777,475 · end of year $14,114,031

Mission and programs · 2023

Mission

Democracy Fund Voice is an organization established in 2014 to conduct and support advocacy that will produce a stronger, healthier democracy in the United States.

Activities or mission (Part I)

An organization that conducts and supports advocacy to produce a stronger U.S. democracy.

  • Free and Fair Elections:Voting is the single most significant way Americans exercise our political power. Every eligible citizen should have an equal opportunity to participate in elections that are free and fair, as well as efficient and secure. Implementing accessible and trustworthy elections is an immense undertaking, but the American election system is also challenged by persistent barriers to voting for historically excluded communities and beset by unprecedented new threats. Our Elections program works toward a strong and modern voting system that increases voter confidence and engagement.

    Expenses $9,417,958 · Grants $9,045,000

  • Vibrant and Diverse Public Square:No matter where they live or who they are, Americans should be able to get the news and information they need to engage in civic life and to use their voices without fear of being harassed or silenced. The rapidly evolving media landscape presents new challenges and opportunities for our communities. Our Public Square program responds by supporting trustworthy local news and investigative reporting, more equitable newsrooms, press freedom, community engagement, and digital spaces that advance democracy, not hate.

    Expenses $2,274,700 · Grants $2,025,000

  • Effective, Representative, and Accountable Governance:American democracy depends on a government that represents the interests of the people in all of our diversity one that is prepared to act on our behalf and that is held accountable when it does not. However, extreme polarization limits our ability to achieve shared priorities. Partisan politics and significant institutional decline have led to government dysfunction and gridlock. Our Governance program promotes the principled leadership and strong institutions our governing system needs to act in the interests of the American people.

    Expenses $3,157,908 · Grants $3,055,000

  • Other Program Expenses.

    Expenses $1,757,619

  • Civil Politics:Hate speech, fear mongering, and rhetoric that condones political violence are dangerous for our democracy. We support organizations working to elevate the tenor and quality of public debate, and to foster more civil politics.

    Expenses $2,419,275 · Grants $2,350,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robinson Jacobs

    Director

    Total calculated
    $0
    Hours/week
    1.75
  • Patricia L Christen

    Chairman

    Total calculated
    $0
    Hours/week
    0.42
  • Deepak Bhargava as of March

    Director

    Total calculated
    $20,000
    From this org
    $0
    From related orgs
    $20,000
    Other
    $0
    Hours/week
    0.25
  • Stacy Donohue through March

    Director

    Total calculated
    $0
    Hours/week
    0.25
  • Jeff Alvord through March

    Director

    Total calculated
    $0
    Hours/week
    1.46
  • Joseph Goldman

    President & CEO

    Total calculated
    $576,918
    From this org
    $0
    From related orgs
    $522,413
    Other
    $54,505
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $522,413 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,505 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $576,918 related
  • Deepa Isac

    General Counsel & Secretary

    Total calculated
    $330,542
    From this org
    $0
    From related orgs
    $293,523
    Other
    $37,019
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,523 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,019 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $330,542 related
  • Robin Thompson

    Treasurer & Sr Director of Finance

    Total calculated
    $262,975
    From this org
    $0
    From related orgs
    $230,413
    Other
    $32,562
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,413 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,562 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $262,975 related
  • Thomas Glaisyer

    Managing Program Director

    Total calculated
    $343,216
    From this org
    $0
    From related orgs
    $304,319
    Other
    $38,897
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,319 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,897 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $343,216 related
  • Laura Chambers

    Chief Operating Officer

    Total calculated
    $439,863
    From this org
    $0
    From related orgs
    $394,762
    Other
    $45,101
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,762 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,101 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $439,863 related
  • Lauren Strayer

    Managing Communications Director

    Total calculated
    $312,470
    From this org
    $0
    From related orgs
    $280,730
    Other
    $31,740
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,730 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,740 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $312,470 related
  • Kelly Reed

    Deputy Chief Operating Officer

    Total calculated
    $312,552
    From this org
    $0
    From related orgs
    $277,597
    Other
    $34,955
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,597 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,955 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $312,552 related
  • Lara Flint

    Managing Program Director

    Total calculated
    $340,837
    From this org
    $0
    From related orgs
    $302,322
    Other
    $38,515
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,322 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,515 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $340,837 related

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

The filer's explanations (Part III)

Form 990, Schedule J, Part I, Line 3
Democracy Fund Voice has a cost-sharing agreement with Democracy Fund whereby Democracy Fund Voice reimburses Democracy Fund for salaries, benefits, and overhead incurred by Democracy Fund employees for work performed for Democracy Fund Voice. These costs are allocated using employee timesheets. These costs include that of the organization's President/CEO.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349307749

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.