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Nonprofiteer
← CENTER FOR ECONOMIC DEMOCRACY

Form 990 for tax year 2022

Filed by CENTER FOR ECONOMIC DEMOCRACY.

Totals

Total revenue
$7,517,905
Total expenses
$3,002,532
Contributions and grants received
$7,328,600
Grants paid
$396,000
Program service revenue
$189,305
Investment income
$0
Other revenue
$0
Total assets, end of year
$15,917,380
Total liabilities, end of year
$4,609,475
Net assets or fund balances, end of year
$11,307,905
Program services expenses (Part IX)
$2,446,355
Management and general expenses
$493,978
Fundraising expenses
$62,199
Program service expenses (Part III)
$2,446,355

Program services were 81.5% 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

    $7,328,600

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $182,990 · related or exempt $182,990

  • 2b · Program service revenue: MEMBERSHIP FEES

    total $6,315 · related or exempt $6,315

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $396,000 · program services $396,000

  • 5 · Compensation of officers, directors and key employees

    total $260,163 · program services $205,179 · management and general $50,082 · fundraising $4,902

  • 7 · Other salaries and wages

    total $1,412,331 · program services $1,113,843 · management and general $271,872 · fundraising $26,616

  • 8 · Pension plan contributions

    total $31,619 · program services $24,937 · management and general $6,087 · fundraising $595

  • 9 · Other employee benefits

    total $121,334 · program services $95,691 · management and general $23,356 · fundraising $2,287

  • 10 · Payroll taxes

    total $134,371 · program services $105,972 · management and general $25,866 · fundraising $2,533

  • 11b · Fees: legal

    total $11,365 · management and general $11,365

  • 11c · Fees: accounting

    total $27,737 · management and general $27,737

  • 11g · Fees: other

    total $301,267 · program services $280,335 · management and general $20,932

  • 12 · Advertising and promotion

    total $48,876 · program services $48,876

  • 13 · Office expenses

    total $27,754 · program services $10,319 · management and general $7,376 · fundraising $10,059

  • 14 · Information technology

    total $68,769 · program services $42,506 · management and general $26,263

  • 16 · Occupancy

    total $29,783 · program services $18,639 · management and general $10,146 · fundraising $998

  • 17 · Travel

    total $11,666 · program services $11,028 · management and general $437 · fundraising $201

  • 19 · Conferences, conventions and meetings

    total $43,863 · program services $27,634 · management and general $2,604 · fundraising $13,625

  • 20 · Interest

    total $58,575 · program services $58,575

  • 23 · Insurance

    total $17,059 · program services $6,821 · management and general $9,855 · fundraising $383

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,886,933 · end of year $5,002,968

  • 2 · Savings and temporary cash investments

    beginning of year $5,322,161 · end of year $5,986,457

  • 3 · Pledges and grants receivable

    beginning of year $1,095,041 · end of year $4,413,106

  • 7 · Other notes and loans receivable

    beginning of year $211,320 · end of year $268,108

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,198 · end of year $46,741

  • 12 · Investments: other securities

    end of year $200,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $160,631 · end of year $181,400

  • 24 · Unsecured notes and loans payable

    beginning of year $4,605,490 · end of year $4,428,075

  • 27 · Net assets without donor restrictions

    beginning of year $1,911,056 · end of year $2,634,774

  • 28 · Net assets with donor restrictions

    beginning of year $4,881,476 · end of year $8,673,131

Mission and programs · 2022

Mission

THE CENTER FOR ECONOMIC DEMOCRACY [C.E.D.] IS A U.S. SOCIAL MOVEMENT BUILDING ORGANIZATION, GROWING CAPACITY IN OUR COMMUNITIES TO TRANSFORM AMERICAN CAPITALISM INTO A MORE JUST, SUSTAINABLE AND DEMOCRATIC ECONOMY.

  • IN 2022 CED CONTINUED TO WORK IN COALITION WITH COMMUNITY PARTNERS TO ADVANCE PARTICIPATORY BUDGETING IN THE CITY OF BOSTON BY FOCUSING ON PASSING A CITY ORDINANCE TO ESTABLISH THE OFFICE OF PARTICIPATORY BUDGETING AND A DETAILED PROCESS TO IMPLEMENT THE PARTICIPATORY BUDGETING PROCESS WHICH WAS WON LAST YEAR. WE ALSO PROVIDED EDUCATIONAL TRAINING TO STUDENTS FROM AROUND THE COUNTRY (E4E) AND DEVELOPED NEW CURRICULUM TO ADD ONTO OUR EXISTING PROGRAMMING (MFFS, E4E 201) AND HOSTED A STATEWIDE COALITION TO SUPPORT COOPERATIVES AND WORKER OWNERSHIP WHICH PASSED THE MASSCEO ENABLING ACT, CREATING A STANDING OFFICE WITHIN THE MA OFFICE OF BUSINESS DEVELOPMENT TO PROMOTE WORKER OWNERSHIP STATEWIDE. ADDITIONALLY, WE MANAGED COMMUNITY GOVERNED FUNDS THAT MADE GRANTS AND LOANS TO NONPROFITS AND SOCIAL ENTERPRISES (SEI) AND PUBLISHED A NEW PAPER INTRODUCING THE CONCEPT OF SOCIAL MOVEMENT INVESTING.

    Expenses $2,446,355 · Grants $396,000 · Revenue $189,305

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

Listed in Part VII

  • Khalida Smalls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Farhad Ebrahimi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Jimenez

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Penn Loh

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Maria Christina Blanco

    BOARD CLERK/OPERATION MANAGER

    Total calculated
    $74,472
    From this org
    $60,614
    From related orgs
    $0
    Other
    $13,858
    Hours/week
    42

  • Aaron Tanaka

    EXECUTIVE DIRECTOR

    Total calculated
    $74,562
    From this org
    $64,897
    From related orgs
    $0
    Other
    $9,665
    Hours/week
    40

  • Martin Familia

    SR. DIRECTOR OF FINANCE & HR

    Total calculated
    $111,129
    From this org
    $100,775
    From related orgs
    $0
    Other
    $10,354
    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202342969349300869

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

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