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← CENTER FOR ECONOMIC DEMOCRACY

Form 990 for tax year 2025

Filed by CENTER FOR ECONOMIC DEMOCRACY.

Totals

Total revenue
$4,270,978
Total expenses
$4,444,973
Contributions and grants received
$4,069,800
Grants paid
$1,396,475
Program service revenue
$65,049
Investment income
$136,129
Other revenue
$0
Total assets, end of year
$7,461,724
Total liabilities, end of year
$234,078
Net assets or fund balances, end of year
$7,227,646
Program services expenses (Part IX)
$3,409,753
Management and general expenses
$924,624
Fundraising expenses
$110,596
Program service expenses (Part III)
$3,409,753

Program services were 76.7% 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

    $4,069,800

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $65,049 · related or exempt $65,049

  • 3 · Investment income

    total $136,129 · excluded $136,129

  • 7a · Gross sales of assets other than inventory

    securities $1,366,796

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

    securities $1,366,796

  • 7c · Gain or loss

    securities $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,396,475 · program services $1,396,475

  • 5 · Compensation of officers, directors and key employees

    total $409,113 · program services $134,340 · management and general $224,498 · fundraising $50,275

  • 7 · Other salaries and wages

    total $1,444,043 · program services $1,058,882 · management and general $374,083 · fundraising $11,078

  • 8 · Pension plan contributions

    total $41,369 · program services $30,269 · management and general $10,719 · fundraising $381

  • 9 · Other employee benefits

    total $131,389 · program services $95,644 · management and general $35,438 · fundraising $307

  • 10 · Payroll taxes

    total $152,383 · program services $99,221 · management and general $48,495 · fundraising $4,667

  • 11b · Fees: legal

    total $25,976 · management and general $25,976

  • 11c · Fees: accounting

    total $36,843 · management and general $36,843

  • 11f · Fees: investment management

    total $7,046 · management and general $7,046

  • 11g · Fees: other

    total $272,809 · program services $203,290 · management and general $41,960 · fundraising $27,559

  • 12 · Advertising and promotion

    total $103,728 · program services $103,005 · management and general $723

  • 13 · Office expenses

    total $40,113 · program services $14,418 · management and general $25,617 · fundraising $78

  • 14 · Information technology

    total $76,646 · program services $40,086 · management and general $36,560

  • 16 · Occupancy

    total $25,385 · program services $16,962 · management and general $7,575 · fundraising $848

  • 17 · Travel

    total $51,702 · program services $32,440 · management and general $14,013 · fundraising $5,249

  • 19 · Conferences, conventions and meetings

    total $208,798 · program services $183,850 · management and general $20,888 · fundraising $4,060

  • 20 · Interest

    total $494 · program services $494

  • 23 · Insurance

    total $11,143 · management and general $11,143

  • 24a · Other expenses: LICENSES AND PERMITS

    total $9,518 · program services $377 · management and general $3,047 · fundraising $6,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $942,303 · end of year $563,203

  • 2 · Savings and temporary cash investments

    beginning of year $3,980,645 · end of year $2,087,496

  • 3 · Pledges and grants receivable

    beginning of year $2,714,561 · end of year $1,997,155

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,054 · end of year $17,091

  • 11 · Investments: publicly traded securities

    beginning of year $1,233,503 · end of year $2,296,779

  • 12 · Investments: other securities

    beginning of year $700,000 · end of year $500,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $179,953 · end of year $234,078

  • 24 · Unsecured notes and loans payable

    beginning of year $209,993 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,210,886 · end of year $5,193,052

  • 28 · Net assets with donor restrictions

    beginning of year $3,992,234 · end of year $2,034,594

Listed in Part VII

  • PENN LOH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • AARON TANAKA

    DIRECTOR (TREASURER SINCE 10/1/25)

    Total calculated
    $0
    Hours/week
    2

  • SARAH JIMENEZ

    TREASURER (UNTIL 9/30/25)

    Total calculated
    $0
    Hours/week
    2

  • FARHAD EBRAHIMI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIFFANY BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KHALIDA SMALLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LILY HUANG

    CO-EXECUTIVE DIRECTOR (SINCE 9/5/25)

    Total calculated
    $35,342
    From this org
    $35,186
    From related orgs
    $0
    Other
    $156
    Hours/week
    40

  • SHARI DAVIS

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $156,022
    From this org
    $135,369
    From related orgs
    $0
    Other
    $20,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,369
    Bonus
    $0
    Other
    $0
    Deferred
    $4,061
    Nontaxable benefits
    $16,592
    Filer's total
    $156,022

  • MARTIN FAMILIA

    SR. DIRECTOR OF FINANCE & HR

    Total calculated
    $128,811
    From this org
    $117,514
    From related orgs
    $0
    Other
    $11,297
    Hours/week
    40

  • MARIA CHRISTINA BLANCO

    BOARD CLERK/OPERATIONS MANAGER

    Total calculated
    $88,939
    From this org
    $78,060
    From related orgs
    $0
    Other
    $10,879
    Hours/week
    42

  • JENNIFER NEAR

    SR. DIR. OF PHILANTHROPY & INVESTING

    Total calculated
    $126,924
    From this org
    $117,043
    From related orgs
    $0
    Other
    $9,881
    Hours/week
    40

  • AMRITA WASSAN

    SR. DIRECTOR OF NATIONAL PROGRAMS

    Total calculated
    $119,197
    From this org
    $110,011
    From related orgs
    $0
    Other
    $9,186
    Hours/week
    40

  • CHRISLENE DEJEAN

    SR. DIRECTOR OF PEOPLE & CULTURE

    Total calculated
    $122,000
    From this org
    $107,062
    From related orgs
    $0
    Other
    $14,938
    Hours/week
    40

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

  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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)

PART I, LINE 4A
AMRITA WASSON, SR. DIRECTOR OF NATIONAL PROGRAMS, SEPARATED FROM THE ORGANIZATION ON NOVEMBER 14, 2025 AND RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $14,081.

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
2025
IRS schema version
2025v4.2
Source object
202642659349301224

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