Skip to content
Nonprofiteer
← THE TEXAS DEMOCRACY FOUNDATION

Form 990 for tax year 2023

Filed by THE TEXAS DEMOCRACY FOUNDATION.

Totals

Total revenue
$1,385,336
Total expenses
$1,589,670
Contributions and grants received
$1,354,613
Grants paid
$0
Program service revenue
$0
Investment income
$28
Other revenue
$30,695
Total assets, end of year
$301,292
Total liabilities, end of year
$115,094
Net assets or fund balances, end of year
$186,198
Program services expenses (Part IX)
$1,098,467
Management and general expenses
$346,638
Fundraising expenses
$144,565
Program service expenses (Part III)
$1,098,467

Program services were 69.1% 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

    $1,354,613

  • 3 · Investment income

    total $28 · unrelated business $0 · excluded $28

  • 5 · Royalties

    total $2,882 · related or exempt $0 · unrelated business $0 · excluded $2,882

  • 8a · Fundraising events: gross income

    $54,607

  • 8b · Fundraising events: direct expenses

    $26,799

  • 8c · Net income from fundraising events

    total $27,808 · unrelated business $0 · excluded $27,808

  • 10a · Gross sales of inventory

    $5

  • 10c · Net income from sales of inventory

    total $5 · related or exempt $5

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $39,887 · program services $27,562 · management and general $8,698 · fundraising $3,627

  • 7 · Other salaries and wages

    total $737,881 · program services $509,879 · management and general $160,898 · fundraising $67,104

  • 8 · Pension plan contributions

    total $6,269 · program services $4,332 · management and general $1,367 · fundraising $570

  • 9 · Other employee benefits

    total $75,315 · program services $52,043 · management and general $16,423 · fundraising $6,849

  • 10 · Payroll taxes

    total $62,733 · program services $43,349 · management and general $13,679 · fundraising $5,705

  • 11b · Fees: legal

    total $16,234 · program services $11,218 · management and general $3,540 · fundraising $1,476

  • 11c · Fees: accounting

    total $25,101 · program services $17,345 · management and general $5,473 · fundraising $2,283

  • 11g · Fees: other

    total $398,380 · program services $275,283 · management and general $86,868 · fundraising $36,229

  • 12 · Advertising and promotion

    total $1,564 · program services $1,081 · management and general $341 · fundraising $142

  • 13 · Office expenses

    total $133,103 · program services $91,971 · management and general $29,028 · fundraising $12,104

  • 14 · Information technology

    total $21,674 · program services $14,977 · management and general $4,726 · fundraising $1,971

  • 16 · Occupancy

    total $37,917 · program services $26,201 · management and general $8,268 · fundraising $3,448

  • 17 · Travel

    total $17,383 · program services $12,012 · management and general $3,790 · fundraising $1,581

  • 19 · Conferences, conventions and meetings

    total $463 · program services $320 · management and general $101 · fundraising $42

  • 22 · Depreciation, depletion and amortization

    total $9,239 · program services $6,384 · management and general $2,015 · fundraising $840

  • 23 · Insurance

    total $6,527 · program services $4,510 · management and general $1,423 · fundraising $594

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $211,385 · end of year $181,395

  • 2 · Savings and temporary cash investments

    beginning of year $200,044 · end of year $1,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,374 · end of year $7,828

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

    $72,391

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

    $47,374

  • 10c · Land, buildings and equipment, net

    beginning of year $30,903 · end of year $25,017

  • 11 · Investments: publicly traded securities

    beginning of year $150 · end of year $151

  • 15 · Other assets

    beginning of year $118,601 · end of year $85,901

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,524 · end of year $98,393

  • 25 · Other liabilities

    beginning of year $49,401 · end of year $16,701

  • 27 · Net assets without donor restrictions

    beginning of year $255,919 · end of year $45,381

  • 28 · Net assets with donor restrictions

    beginning of year $134,613 · end of year $140,817

Mission and programs · 2023

Mission

TO FOSTER,PROMOTE AND ENCOURAGE THE ADVANCEMENT OF PUBLIC AFFAIRS, GOVERNMENT LITERATURE AND THE ARTS THROUGH THE PUBLICATION OF THE TEXAS OBSERVER, A PERIODICAL ADDRESSING PUBLIC AFFAIRS.

Activities or mission (Part I)

TO FOSTER,PROMOTE AND ENCOURAGE THE ADVANCEMENT OF PUBLIC AFFAIRS, GOVERNMENT, LITERATURE AND THE ARTS THROUGH THE PUBLICATION OF THE TEXAS OBSERVER, A BIMONTHLY PERIODICAL

  • PUBLISHED BI-MONTHLY JOURNAL, THE TEXAS OBSERVER, SERVING 3,500 SUBSCRIBERS, DISTRIBUTING AN ADDITIONAL 1,500 COPIES THROUGH BOOKSTORES. FURNISHED COPIES TO EDUCATIONAL INSTITUTIONS UPON REQUEST FOR USE IN CLASSROOMS.

    Expenses $1,098,467

As filed on the 2023 return.

Listed in Part VII

  • Lize Burr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Terri Burke

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carlton Carl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Horvit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kathleen McElroy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Ravella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Skye Perryman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Canup

    MANAGING DIRECTOR

    Total calculated
    $28,267
    From this org
    $25,357
    From related orgs
    $0
    Other
    $2,910
    Hours/week
    40

  • Loren Lynch

    INTERIM EXEC DIRECTOR

    Total calculated
    $11,625
    From this org
    $11,625
    From related orgs
    $0
    Other
    $0
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349309980

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.