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Nonprofiteer
← DEMOCRACYFIRST C/O VERDOLINO & LOWEY PC

Form 990 for tax year 2023

Filed by DEMOCRACYFIRST C/O VERDOLINO & LOWEY PC.

Totals

Total revenue
$3,775,287
Total expenses
$3,061,434
Contributions and grants received
$3,775,287
Grants paid
$910,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,482,253
Total liabilities, end of year
$411,067
Net assets or fund balances, end of year
$1,071,186
Program services expenses (Part IX)
$910,000
Management and general expenses
$2,151,434
Fundraising expenses
$0
Program service expenses (Part III)
$910,000

Program services were 29.7% 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

    $3,775,287

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $910,000 · program services $910,000

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · management and general $30,000

  • 7 · Other salaries and wages

    total $63,628 · management and general $63,628

  • 9 · Other employee benefits

    total $5,261 · management and general $5,261

  • 10 · Payroll taxes

    total $44,687 · management and general $44,687

  • 11a · Fees: management

    total $403,421 · management and general $403,421

  • 11b · Fees: legal

    total $35,692 · management and general $35,692

  • 11c · Fees: accounting

    total $16,707 · management and general $16,707

  • 11g · Fees: other

    total $1,011,765 · management and general $1,011,765

  • 12 · Advertising and promotion

    total $494,788 · management and general $494,788

  • 14 · Information technology

    total $1,476 · management and general $1,476

  • 17 · Travel

    total $30,673 · management and general $30,673

  • 23 · Insurance

    total $8,218 · management and general $8,218

  • 24a · Other expenses: BOOKS AND SUBSCRIPTIONS

    total $4,030 · management and general $4,030

  • 24b · Other expenses: TAX REGISTRATION FEES

    total $626 · management and general $626

  • 24c · Other expenses: BANK FEES

    total $462 · management and general $462

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $357,333 · end of year $1,482,253

  • 17 · Accounts payable and accrued expenses

    end of year $411,067

  • 27 · Net assets without donor restrictions

    beginning of year $357,333 · end of year $1,071,186

Mission and programs · 2023

Mission

DEMOCRACYFIRST IS A 501(C)4 DEDICATED TO RESTORING PUBLIC TRUST IN THE ELECTORAL SYSTEM, PROTECTING FREE AND FAIR ELECTIONS, AND RENEWING THE PRO-DEMOCRACY CONSENSUS IN AMERICAN POLITICS.

  • IN 2024, DEMOCRACYFIRST INVESTED IN PRO-DEMOCRACY ORGANIZATIONS WORKING TO PROTECT THE FREEDOM TO VOTE, PREVENT THE MANIPULATION OF OUR ELECTORAL PROCESSES, IMPROVE ELECTION SECURITY, AND HOLD PUBLIC OFFICIALS ACCOUNTABLE.

    Expenses $910,000 · Grants $910,000 · Revenue $3,775,287

As filed on the 2023 return.

Listed in Part VII

  • JORDAN WOOD

    PRESIDENT

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MARK BAILEY

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • CHRISTINE HOLT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202531329349301218

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

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