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Nonprofiteer
← NATIONAL ENDOWMENT FOR DEMOCRACY

Form 990 for tax year 2024

Filed by NATIONAL ENDOWMENT FOR DEMOCRACY.

Totals

Total revenue
$298,045,011
Total expenses
$298,423,023
Contributions and grants received
$297,425,709
Grants paid
$246,664,357
Program service revenue
$159,672
Investment income
$458,838
Other revenue
$792
Total assets, end of year
$165,268,405
Total liabilities, end of year
$158,418,145
Net assets or fund balances, end of year
$6,850,260
Program services expenses (Part IX)
$269,088,343
Management and general expenses
$29,334,680
Fundraising expenses
$0
Program service expenses (Part III)
$269,088,343

Program services were 90.2% 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.

  • 1e · Government grants (contributions)

    $296,324,822

  • 1f · All other contributions, gifts and grants

    $1,100,887

  • 1g · Noncash contributions included above

    $99,905

  • 2a · Program service revenue: SUBSCRIPTION INCOME

    total $159,672 · related or exempt $159,672

  • 3 · Investment income

    total $458,838 · excluded $458,838

  • 5 · Royalties

    total $792 · excluded $792

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $118,516,120 · program services $118,516,120

  • 3 · Grants to foreign organizations and individuals

    total $128,148,237 · program services $128,148,237

  • 5 · Compensation of officers, directors and key employees

    total $919,865 · management and general $919,865

  • 7 · Other salaries and wages

    total $26,303,099 · program services $14,158,017 · management and general $12,145,082

  • 8 · Pension plan contributions

    total $2,472,387 · program services $1,285,830 · management and general $1,186,557

  • 9 · Other employee benefits

    total $3,880,100 · program services $2,017,948 · management and general $1,862,152

  • 10 · Payroll taxes

    total $2,279,015 · program services $1,185,262 · management and general $1,093,753

  • 11b · Fees: legal

    total $735,003 · program services $263,245 · management and general $471,758

  • 11c · Fees: accounting

    total $201,775 · management and general $201,775

  • 11g · Fees: other

    total $1,628,353 · program services $897,706 · management and general $730,647

  • 13 · Office expenses

    total $651,385 · program services $80,070 · management and general $571,315

  • 14 · Information technology

    total $2,618,960 · program services $14,784 · management and general $2,604,176

  • 16 · Occupancy

    total $5,584,499 · management and general $5,584,499

  • 17 · Travel

    total $2,189,346 · program services $1,556,125 · management and general $633,221

  • 19 · Conferences, conventions and meetings

    total $903,849 · program services $807,851 · management and general $95,998

  • 22 · Depreciation, depletion and amortization

    total $905,805 · program services $36,636 · management and general $869,169

  • 23 · Insurance

    total $267,372 · management and general $267,372

  • 24a · Other expenses: TRAINING & RECRUITMENT

    total $130,386 · program services $67,810 · management and general $62,576

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $87,467 · program services $52,702 · management and general $34,765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,902,660 · end of year $50,183,994

  • 3 · Pledges and grants receivable

    beginning of year $21,199,876 · end of year $34,147,484

  • 4 · Accounts receivable

    beginning of year $128,251 · end of year $79,447

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,965,856 · end of year $4,755,765

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

    $12,856,617

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

    $5,558,518

  • 10c · Land, buildings and equipment, net

    beginning of year $8,163,164 · end of year $7,298,099

  • 11 · Investments: publicly traded securities

    beginning of year $5,879,298 · end of year $14,771,021

  • 15 · Other assets

    beginning of year $58,258,986 · end of year $54,032,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,395,032 · end of year $2,627,450

  • 18 · Grants payable

    beginning of year $10,698,430 · end of year $24,638,528

  • 19 · Deferred revenue

    beginning of year $2,932,467 · end of year $53,964,899

  • 25 · Other liabilities

    beginning of year $82,409,231 · end of year $77,187,268

  • 27 · Net assets without donor restrictions

    beginning of year $6,427,330 · end of year $6,350,815

  • 28 · Net assets with donor restrictions

    beginning of year $635,601 · end of year $499,445

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • EDUCATION, CULTURE, COMMUNICATION, AND FREEDOM OF EXPRESSION - THE ENDOWMENT FUNDS PROGRAMS THAT NOURISH A STRONG DEMOCRATIC CIVIC CULTURE. SUPPORT IS PROVIDED FOR CIVIC EDUCATION, TRAINING PROGRAMS, PUBLICATIONS AND OTHER COMMUNICATION MEDIA.

    Expenses $96,659,131 · Grants $88,563,904 · Revenue $159,672

  • DEMOCRATIC GOVERNANCE AND POLITICAL PARTIES - THE ENDOWMENT SEEKS TO PROMOTE STRONG STABLE POLITICAL PARTIES COMMITTED TO THE DEMOCRATIC PROCESS.

    Expenses $91,024,430 · Grants $83,429,133

  • PLURALISM - THE ENDOWMENT ENCOURAGES THE DEVELOPMENT OF STRONG INDEPENDENT PRIVATE SECTOR INSTITUTIONS SUCH AS TRADE UNIONS, BUSINESS ASSOCIATIONS, CIVIC AND WOMEN'S ORGANIZATIONS.

    Expenses $81,404,782 · Grants $74,671,320

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Kenneth Wollack

    CHAIRMAN (THRU 01/25)/CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • The Honorable Peter J Roskam

    CHAIRMAN (AS OF 01/25)

    Total calculated
    $0
    Hours/week
    2.5

  • The Honorable David E Skaggs

    CO-VICE CHAIR (THRU 01/2025)

    Total calculated
    $0
    Hours/week
    2.5

  • Ambassador Eileen Donahoe

    CO-VICE CHAIR (AS OF 01/25)

    Total calculated
    $0
    Hours/week
    2.5

  • The Honorable Steve E Biegun

    CO-VICE CHAIR (AS OF 01/25)

    Total calculated
    $0
    Hours/week
    2.5

  • Ambassador Jendayi Frazer

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

  • The Honorable Juan Zarate

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • Marlene Colucci Esq

    TREASURER (THRU 01/25)

    Total calculated
    $0
    Hours/week
    2.5

  • Ms Jessica Adelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mr Stuart Appelbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Anne Applebaum

    DIRECTOR (THRU 12/24)

    Total calculated
    $0
    Hours/week
    1

  • Ambassador Liliana Ayalde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Alyssa Ayres

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Roxanne Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Scott Carpenter

    DIRECTOR (THRU 03/2025)

    Total calculated
    $0
    Hours/week
    1

  • The Honorable Joaquin Castro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Victor Cha PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ambassador Kelley E Currie

    DIRECTOR (THRU 03/2025)

    Total calculated
    $0
    Hours/week
    1

  • Ms Elizabeth Economy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ambassador Daniel Fried

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Amaney Jamal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Rachel Kleinfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • The Honorable Mel Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ambassador Victoria Nuland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Dayton Ogden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Minxin Pei

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Marc Plattner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Nadia Schadlow

    DIRECTOR (THRU 01/2025)

    Total calculated
    $0
    Hours/week
    1

  • The Honorable Elise Stefanik

    DIRECTOR (THRU 01/2025)

    Total calculated
    $0
    Hours/week
    1

  • Dr Scott D Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Robert O'Brien

    DIRECTOR (THRU 03/2025)

    Total calculated
    $0
    Hours/week
    1

  • Mr Damon Wilson

    PRESIDENT & CEO

    Total calculated
    $511,627
    From this org
    $432,464
    From related orgs
    $0
    Other
    $79,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $416,912
    Bonus
    $15,000
    Other
    $552
    Deferred
    $62,919
    Nontaxable benefits
    $16,244
    Filer's total
    $511,627

  • Ms Rebecca Varghese

    CHIEF FINANCIAL OFFICER

    Total calculated
    $252,044
    From this org
    $220,752
    From related orgs
    $0
    Other
    $31,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,102
    Bonus
    $0
    Other
    $1,650
    Deferred
    $15,121
    Nontaxable benefits
    $16,171
    Filer's total
    $252,044

  • Ms Sheila Crowley

    CHIEF OPERATING OFFICER

    Total calculated
    $229,354
    From this org
    $213,233
    From related orgs
    $0
    Other
    $16,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,545
    Bonus
    $15,000
    Other
    $688
    Deferred
    $9,563
    Nontaxable benefits
    $6,558
    Filer's total
    $229,354

  • Mr Brian Joseph

    VP, PROGRAMS

    Total calculated
    $322,920
    From this org
    $260,642
    From related orgs
    $0
    Other
    $62,278
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,567
    Bonus
    $0
    Other
    $1,075
    Deferred
    $37,488
    Nontaxable benefits
    $24,790
    Filer's total
    $322,920

  • Mr Christopher T Walker

    VP, STUDIES AND ANALYSIS

    Total calculated
    $311,362
    From this org
    $250,564
    From related orgs
    $0
    Other
    $60,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,914
    Bonus
    $0
    Other
    $1,650
    Deferred
    $36,036
    Nontaxable benefits
    $24,762
    Filer's total
    $311,362

  • Ms Nancy Herzog

    VP, GRANT OPERATIONS AND EVAL.

    Total calculated
    $308,313
    From this org
    $247,848
    From related orgs
    $0
    Other
    $60,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,773
    Bonus
    $0
    Other
    $1,075
    Deferred
    $35,709
    Nontaxable benefits
    $24,756
    Filer's total
    $308,313

  • Mr William Dobson

    CO-EDITOR

    Total calculated
    $271,861
    From this org
    $224,466
    From related orgs
    $0
    Other
    $47,395
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,891
    Bonus
    $0
    Other
    $575
    Deferred
    $22,674
    Nontaxable benefits
    $24,721
    Filer's total
    $271,861

  • Ms Kirsten Madison

    VP, GOVERNMENT RELATIONS

    Total calculated
    $280,648
    From this org
    $244,235
    From related orgs
    $0
    Other
    $36,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,160
    Bonus
    $0
    Other
    $1,075
    Deferred
    $35,217
    Nontaxable benefits
    $1,196
    Filer's total
    $280,648

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE PRESIDENT'S CONTRACT PROVIDES FOR RENEWAL EVERY THREE YEARS. IN ACCORDANCE WITH THIS AGREEMENT, THE PRESIDENT RECEIVED A $15,000 SIGNING BONUS UPON CONTRACT RENEWAL DURING THE REPORTING PERIOD. THIS PAYMENT IS NOT CONTINGENT ON PERFORMANCE OBJECTIVES OR ANNUAL ACHIEVEMENTS.

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
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202632299349300128

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

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