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Nonprofiteer
← THE TEXAS DEMOCRACY FOUNDATION

Form 990 for tax year 2022

Filed by THE TEXAS DEMOCRACY FOUNDATION.

Totals

Total revenue
$1,522,025
Total expenses
$2,142,830
Contributions and grants received
$1,395,253
Grants paid
$291,831
Program service revenue
$25,000
Investment income
$40,284
Other revenue
$61,488
Total assets, end of year
$578,457
Total liabilities, end of year
$187,925
Net assets or fund balances, end of year
$390,532
Program services expenses (Part IX)
$1,570,881
Management and general expenses
$403,615
Fundraising expenses
$168,334
Program service expenses (Part III)
$1,570,881

Program services were 73.3% 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

    $1,395,253

  • 1g · Noncash contributions included above

    $10,000

  • 2a · Program service revenue: OTHER INCOME

    total $25,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $584 · unrelated business $0 · excluded $584

  • 5 · Royalties

    total $11,816 · related or exempt $0 · unrelated business $0 · excluded $11,816

  • 7a · Gross sales of assets other than inventory

    securities $39,700

  • 7c · Gain or loss

    securities $39,700

  • 7d · Net gain or loss

    total $39,700 · related or exempt $0 · unrelated business $0 · excluded $39,700

  • 8a · Fundraising events: gross income

    $98,946

  • 8b · Fundraising events: direct expenses

    $49,438

  • 8c · Net income from fundraising events

    total $49,508 · unrelated business $0 · excluded $49,508

  • 10a · Gross sales of inventory

    $164

  • 10c · Net income from sales of inventory

    total $164 · related or exempt $164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $291,831 · program services $291,831

  • 5 · Compensation of officers, directors and key employees

    total $69,259 · program services $47,858 · management and general $15,102 · fundraising $6,299

  • 7 · Other salaries and wages

    total $627,713 · program services $433,753 · management and general $136,875 · fundraising $57,085

  • 8 · Pension plan contributions

    total $2,579 · program services $1,782 · management and general $562 · fundraising $235

  • 9 · Other employee benefits

    total $68,854 · program services $47,578 · management and general $15,014 · fundraising $6,262

  • 10 · Payroll taxes

    total $54,470 · program services $37,638 · management and general $11,879 · fundraising $4,953

  • 11b · Fees: legal

    total $5,220 · program services $3,607 · management and general $1,138 · fundraising $475

  • 11c · Fees: accounting

    total $22,922 · program services $15,839 · management and general $4,998 · fundraising $2,085

  • 11f · Fees: investment management

    total $3,840 · program services $2,654 · management and general $837 · fundraising $349

  • 11g · Fees: other

    total $734,187 · program services $507,327 · management and general $160,092 · fundraising $66,768

  • 12 · Advertising and promotion

    total $1,372 · program services $948 · management and general $299 · fundraising $125

  • 13 · Office expenses

    total $125,882 · program services $86,987 · management and general $27,447 · fundraising $11,448

  • 14 · Information technology

    total $35,891 · program services $24,801 · management and general $7,826 · fundraising $3,264

  • 16 · Occupancy

    total $34,641 · program services $23,937 · management and general $7,554 · fundraising $3,150

  • 17 · Travel

    total $47,281 · program services $32,671 · management and general $10,310 · fundraising $4,300

  • 19 · Conferences, conventions and meetings

    total $1,978 · program services $1,367 · management and general $431 · fundraising $180

  • 22 · Depreciation, depletion and amortization

    total $9,049 · program services $6,253 · management and general $1,973 · fundraising $823

  • 23 · Insurance

    total $5,861 · program services $4,050 · management and general $1,278 · fundraising $533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,112 · end of year $211,385

  • 2 · Savings and temporary cash investments

    beginning of year $321,436 · end of year $200,044

  • 4 · Accounts receivable

    beginning of year $5,714 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,251 · end of year $17,374

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

    $110,473

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

    $79,570

  • 10c · Land, buildings and equipment, net

    beginning of year $4,350 · end of year $30,903

  • 11 · Investments: publicly traded securities

    beginning of year $636,922 · end of year $150

  • 15 · Other assets

    beginning of year $129,932 · end of year $118,601

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,754 · end of year $138,524

  • 19 · Deferred revenue

    beginning of year $19,969 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $49,401

  • 27 · Net assets without donor restrictions

    beginning of year $915,234 · end of year $255,919

  • 28 · Net assets with donor restrictions

    beginning of year $212,760 · end of year $134,613

Mission and programs · 2022

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 $1,570,881 · Grants $291,831 · Revenue $25,000

As filed on the 2022 return.

Listed in Part VII

  • LIZE BURR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • PETER RAVELLA

    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

  • TERRI BURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN MCELROY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SKYE PERRYMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES CANUP

    PUBLISHER

    Total calculated
    $69,259
    From this org
    $69,259
    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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349304419

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