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← CENTER FOR ECONOMIC DEMOCRACY

Form 990 for tax year 2024

Filed by CENTER FOR ECONOMIC DEMOCRACY.

Totals

Total revenue
$6,465,280
Total expenses
$4,206,570
Contributions and grants received
$6,323,690
Grants paid
$701,906
Program service revenue
$91,985
Investment income
$49,605
Other revenue
$0
Total assets, end of year
$9,593,066
Total liabilities, end of year
$389,946
Net assets or fund balances, end of year
$9,203,120
Program services expenses (Part IX)
$3,358,164
Management and general expenses
$767,974
Fundraising expenses
$80,432
Program service expenses (Part III)
$3,358,164

Program services were 79.8% 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)

    $5,000

  • 1f · All other contributions, gifts and grants

    $6,318,690

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $84,145 · related or exempt $84,145

  • 2b · Program service revenue: MEMBERSHIP FEES

    total $7,840 · related or exempt $7,840

  • 3 · Investment income

    total $49,605 · excluded $49,605

  • 7a · Gross sales of assets other than inventory

    securities $755,719

  • 7b · Less cost or other basis and sales expenses

    securities $755,719

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $701,906 · program services $701,906

  • 5 · Compensation of officers, directors and key employees

    total $346,035 · program services $264,723 · management and general $72,566 · fundraising $8,746

  • 7 · Other salaries and wages

    total $1,774,632 · program services $1,357,622 · management and general $372,153 · fundraising $44,857

  • 8 · Pension plan contributions

    total $47,801 · program services $36,569 · management and general $10,024 · fundraising $1,208

  • 9 · Other employee benefits

    total $248,972 · program services $190,468 · management and general $52,211 · fundraising $6,293

  • 10 · Payroll taxes

    total $186,229 · program services $142,468 · management and general $39,054 · fundraising $4,707

  • 11b · Fees: legal

    total $45,608 · management and general $45,608

  • 11c · Fees: accounting

    total $29,721 · management and general $29,721

  • 11f · Fees: investment management

    total $5,402 · management and general $5,402

  • 11g · Fees: other

    total $351,488 · program services $311,068 · management and general $35,020 · fundraising $5,400

  • 12 · Advertising and promotion

    total $88,872 · program services $88,362 · management and general $510

  • 13 · Office expenses

    total $51,648 · program services $24,883 · management and general $24,954 · fundraising $1,811

  • 14 · Information technology

    total $103,469 · program services $64,023 · management and general $39,341 · fundraising $105

  • 16 · Occupancy

    total $35,426 · program services $25,052 · management and general $9,358 · fundraising $1,016

  • 17 · Travel

    total $49,203 · program services $42,211 · management and general $4,573 · fundraising $2,419

  • 19 · Conferences, conventions and meetings

    total $88,240 · program services $78,265 · management and general $9,975

  • 20 · Interest

    total $29,453 · program services $29,453

  • 23 · Insurance

    total $15,223 · management and general $15,223

  • 24a · Other expenses: LICENSES AND PERMITS

    total $7,242 · program services $1,091 · management and general $2,281 · fundraising $3,870

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,276,474 · end of year $4,922,948

  • 2 · Savings and temporary cash investments

    beginning of year $3,415,605

  • 3 · Pledges and grants receivable

    beginning of year $4,012,710 · end of year $2,714,561

  • 5 · Loans and receivables from officers and key people

    beginning of year $2,654

  • 7 · Other notes and loans receivable

    beginning of year $989,582

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,673 · end of year $22,054

  • 11 · Investments: publicly traded securities

    beginning of year $835,853 · end of year $1,233,503

  • 12 · Investments: other securities

    beginning of year $700,000 · end of year $700,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $237,417 · end of year $179,953

  • 24 · Unsecured notes and loans payable

    beginning of year $4,308,537 · end of year $209,993

  • 27 · Net assets without donor restrictions

    beginning of year $2,824,872 · end of year $5,210,886

  • 28 · Net assets with donor restrictions

    beginning of year $8,905,725 · end of year $3,992,234

Mission and programs · 2024

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.

  • THIS YEAR, THE CENTER FOR ECONOMIC DEMOCRACY ACHIEVED SEVERAL MAJOR PROGRAM MILESTONES. WE SUCCESSFULLY SECURED APPROVAL OF THE STATE MASS CEO BUDGET AMENDMENT THROUGH THE LEGISLATIVE WORKING GROUP IN THE COALITION FOR WORKER OWNERSHIP AND POWER. OUR COMMUNITY ENGAGEMENT EFFORTS REACHED OVER 700 PEOPLE, DEEPENING UNDERSTANDING OF COMMUNITY-LED DECISION-MAKING AND PARTICIPATORY BUDGETING. ADDITIONALLY, WE LAUNCHED A NEW SOLIDARITY ECONOMY INCUBATOR, SELECTING FIVE INNOVATIVE ORGANIZATIONS TO PARTICIPATE IN ITS INAUGURAL COHORT.

    Expenses $3,358,164 · Grants $701,906 · Revenue $91,985

As filed on the 2024 return.

Listed in Part VII

  • Aaron Tanaka

    DIR. SINCE AUG '24/EXEC DIR THRU JUL '24

    Total calculated
    $59,408
    From this org
    $54,288
    From related orgs
    $0
    Other
    $5,120
    Hours/week
    40

  • Penn Loh

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Sarah Jimenez

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Farhad Ebrahimi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tiffany Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Khalida Smalls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shari Davis

    CO-EXECUTIVE DIRECTOR (SINCE AUG '24)

    Total calculated
    $62,663
    From this org
    $53,117
    From related orgs
    $0
    Other
    $9,546
    Hours/week
    40

  • Martin Familia

    SR. DIRECTOR OF FINANCE & HR

    Total calculated
    $125,756
    From this org
    $113,983
    From related orgs
    $0
    Other
    $11,773
    Hours/week
    40

  • Maria Christina Blanco

    BOARD CLERK/OPERATION MANAGER

    Total calculated
    $81,163
    From this org
    $64,119
    From related orgs
    $0
    Other
    $17,044
    Hours/week
    42

  • Amrita Wassan

    SR. DIRECTOR OF NATIONAL PROGRAMS

    Total calculated
    $123,433
    From this org
    $112,174
    From related orgs
    $0
    Other
    $11,259
    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202533079349300633

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

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