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← CENTER FOR ECONOMIC DEMOCRACY

Form 990 for tax year 2023

Filed by CENTER FOR ECONOMIC DEMOCRACY.

Totals

Total revenue
$4,944,735
Total expenses
$4,536,716
Contributions and grants received
$4,723,979
Grants paid
$481,745
Program service revenue
$199,341
Investment income
$21,415
Other revenue
$0
Total assets, end of year
$16,276,551
Total liabilities, end of year
$4,545,954
Net assets or fund balances, end of year
$11,730,597
Program services expenses (Part IX)
$3,749,595
Management and general expenses
$703,705
Fundraising expenses
$83,416
Program service expenses (Part III)
$3,749,595

Program services were 82.6% 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

    $4,723,979

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $188,791 · related or exempt $188,791

  • 2b · Program service revenue: MEMBERSHIP FEES

    total $10,550 · related or exempt $10,550

  • 3 · Investment income

    total $21,531 · excluded $21,531

  • 7a · Gross sales of assets other than inventory

    securities $560,300

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

    securities $560,416

  • 7c · Gain or loss

    securities -$116

  • 7d · Net gain or loss

    total -$116 · excluded -$116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $481,745 · program services $481,745

  • 5 · Compensation of officers, directors and key employees

    total $351,113 · program services $279,890 · management and general $65,796 · fundraising $5,427

  • 7 · Other salaries and wages

    total $2,011,597 · program services $1,603,553 · management and general $376,957 · fundraising $31,087

  • 8 · Pension plan contributions

    total $48,809 · program services $38,909 · management and general $9,146 · fundraising $754

  • 9 · Other employee benefits

    total $184,446 · program services $147,033 · management and general $34,564 · fundraising $2,849

  • 10 · Payroll taxes

    total $195,808 · program services $156,089 · management and general $36,693 · fundraising $3,026

  • 11b · Fees: legal

    total $16,300 · management and general $16,300

  • 11c · Fees: accounting

    total $34,500 · management and general $34,500

  • 11f · Fees: investment management

    total $3,929 · management and general $3,929

  • 11g · Fees: other

    total $293,687 · program services $240,963 · management and general $46,935 · fundraising $5,789

  • 12 · Advertising and promotion

    total $106,220 · program services $105,720 · management and general $500

  • 13 · Office expenses

    total $25,095 · program services $22,006 · management and general $2,479 · fundraising $610

  • 14 · Information technology

    total $99,299 · program services $62,618 · management and general $35,303 · fundraising $1,378

  • 16 · Occupancy

    total $51,660 · program services $42,785 · management and general $8,158 · fundraising $717

  • 17 · Travel

    total $95,929 · program services $92,464 · management and general $1,478 · fundraising $1,987

  • 19 · Conferences, conventions and meetings

    total $432,845 · program services $416,742 · management and general $6,560 · fundraising $9,543

  • 20 · Interest

    total $57,111 · program services $57,111

  • 23 · Insurance

    total $16,836 · management and general $16,836

  • 24a · Other expenses: CHARGES AND FEES

    total $29,787 · program services $1,967 · management and general $7,571 · fundraising $20,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,002,968 · end of year $6,276,474

  • 2 · Savings and temporary cash investments

    beginning of year $5,986,457 · end of year $3,415,605

  • 3 · Pledges and grants receivable

    beginning of year $4,413,106 · end of year $4,012,710

  • 5 · Loans and receivables from officers and key people

    end of year $2,654

  • 7 · Other notes and loans receivable

    beginning of year $268,108 · end of year $989,582

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,741 · end of year $43,673

  • 11 · Investments: publicly traded securities

    end of year $835,853

  • 12 · Investments: other securities

    beginning of year $200,000 · end of year $700,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $181,400 · end of year $237,417

  • 24 · Unsecured notes and loans payable

    beginning of year $4,428,075 · end of year $4,308,537

  • 27 · Net assets without donor restrictions

    beginning of year $2,634,774 · end of year $2,824,872

  • 28 · Net assets with donor restrictions

    beginning of year $8,673,131 · end of year $8,905,725

Mission and programs · 2023

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.

  • CENTER FOR ECONOMIC DEMOCRACY EXPANDED THE REACH OF ITS EDUCATIONAL PROGRAMMING BY RELEASING AND PROMOTING FREE, OPEN SOURCE CURRICULUM ON ECONOMICS, POLITICS AND HISTORY, DOWNLOADED BY THOUSANDS OF USERS ACROSS THE US. CED ALSO ADVOCATED FOR AND SAW THE APPOINTMENT OF MEMBERS TO GOVERNANCE BODIES OF NEWLY CREATED OFFICE OF PARTICIPATORY BUDGETING IN BOSTON, AND THE CENTER FOR EMPLOYEE OWNERSHIP IN MASSACHUSETTS. CED ALSO MANAGED THE SOLIDARITY ECONOMY INITIATIVE FUND, WHICH DISTRIBUTED $600K TO COMMUNITY ORGANIZATIONS AND SOLIDARITY ECONOMY PROJECTS THROUGH A PARTICIPATORY GRANT-MAKING PROCESS.

    Expenses $3,749,595 · Grants $481,745 · Revenue $199,341

As filed on the 2023 return.

Listed in Part VII

  • Khalida Smalls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Farhad Ebrahimi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tiffany Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Jimenez

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Penn Loh

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Maria Christina Blanco

    BOARD CLERK/OPERATION MANA

    Total calculated
    $74,042
    From this org
    $60,150
    From related orgs
    $0
    Other
    $13,892
    Hours/week
    42

  • Aaron Tanaka

    EXECUTIVE DIRECTOR

    Total calculated
    $125,625
    From this org
    $115,108
    From related orgs
    $0
    Other
    $10,517
    Hours/week
    40

  • Martin Familia

    SR. DIRECTOR OF FINANCE & HR

    Total calculated
    $125,662
    From this org
    $115,144
    From related orgs
    $0
    Other
    $10,518
    Hours/week
    40

  • Yichen Feng

    MANAGING DIRECTOR, CAPITAL STRATEGIES

    Total calculated
    $140,051
    From this org
    $130,671
    From related orgs
    $0
    Other
    $9,380
    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
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413099349300021

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

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