2024-11-04T09:29:41-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2023-01-01 473589804 CENTER FOR ECONOMIC DEMOCRACY INC CENT 8778295500 769 CENTRE STREET 143 BOSTON MA 02130 PENN LOH BOARD PRESIDENT 8778295500 2024-10-30 1 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2024-10-30 2023 2024-10-15 13:58:12Z AARON TANAKA 769 CENTRE STREET 143 BOSTON MA 02130 5505151 0 X WWW.ECONOMICDEMOCRACY.US X 2013 MA 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. 5 5 38 480 0 0 7328600 4723979 189305 199341 0 21415 0 0 7517905 4944735 396000 481745 0 0 1959818 2791773 0 0 83416 646714 1263198 3002532 4536716 4515373 408019 15917380 16276551 4609475 4545954 11307905 11730597 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. 0 0 3749595 481745 199341 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. 3749595 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 66 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA AL AR AK CA CO CT DC FL GA IL KS KY ME MD MI MN NJ NV NH NM NY NC ND OH OK OR PA RI SC UT VA WA WI WV X THE ORGANIZATION 8778295500 769 CENTRE STREET 143 BOSTON MA 02130 KHALIDA SMALLS DIRECTOR 2.00 X 0 0 0 FARHAD EBRAHIMI DIRECTOR 2.00 X 0 0 0 TIFFANY BROWN DIRECTOR 2.00 X 0 0 0 SARAH JIMENEZ TREASURER 2.00 X X 0 0 0 PENN LOH PRESIDENT 2.00 X X 0 0 0 MARIA CHRISTINA BLANCO BOARD CLERK/OPERATION MANA 42.00 X 60150 0 13892 AARON TANAKA EXECUTIVE DIRECTOR 40.00 X 115108 0 10517 MARTIN FAMILIA SR. DIRECTOR OF FINANCE & HR 40.00 X 115144 0 10518 YICHEN FENG MANAGING DIRECTOR, CAPITAL STRATEGIES 40.00 X 130671 0 9380 421073 0 44307 3 0 0 0 0 4723979 4723979 PROGRAM SERVICE FEES 900099 188791 188791 MEMBERSHIP FEES 900099 10550 10550 199341 21531 21531 560300 560416 -116 -116 -116 4944735 199341 0 21415 481745 481745 351113 279890 65796 5427 2011597 1603553 376957 31087 48809 38909 9146 754 184446 147033 34564 2849 195808 156089 36693 3026 16300 16300 34500 34500 3929 3929 293687 240963 46935 5789 106220 105720 500 25095 22006 2479 610 99299 62618 35303 1378 51660 42785 8158 717 95929 92464 1478 1987 432845 416742 6560 9543 57111 57111 16836 16836 CHARGES AND FEES 29787 1967 7571 20249 4536716 3749595 703705 83416 5002968 6276474 5986457 3415605 4413106 4012710 2654 268108 989582 46741 43673 835853 200000 700000 15917380 16276551 181400 237417 4428075 4308537 4609475 4545954 X 2634774 2824872 8673131 8905725 11307905 11730597 15917380 16276551 408019 14673 0 X X 0 1 X 1 0 X 3126495 6122900 3868454 7328600 4723979 25170428 3126495 6122900 3868454 7328600 4723979 25170428 8015411 17155017 21531 21531 25191959 696210 0.68100 0.77400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12933 12933 3736662 3749595 337480 84370 0 0 272318 337480 609798 914697 34630 12933 47563 68080 84370 152450 228675 0 X 5358754 14673 403275 417948 4940806 3929 3929 4944735 4936062 403275 403275 4532787 3929 3929 4536716 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF DECEMBER 31, 2023, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF DECEMBER 31, 2023. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. 1 AYNI INSTITUTE 19 MERIDIAN STREET 2ND FL NO 4 BOSTON MA 02128 812119468 501(C)3 220000 0 SOLIDARITY ECONOMY INITITAVE GRANT BRAZILIAN WOMEN'S GROUP 697 CAMBRIDGE STREET SUITE 106 BRIGHTON MA 02135 043549382 501(C)3 75000 0 SOLIDARITY ECONOMY INITITAVE GRANT RESIST PO BOX 301240 JAMAICA PLAIN MA 02130 042433182 501(C)3 50000 0 SOLIDARITY ECONOMY INITITAVE GRANT NEIGHBOR TO NEIGHBOR MASSACHUSETTS 15 COURT SQUARE SUITE 345 BOSTON MA 02108 043507714 501(C)4 50000 0 SOLIDARITY ECONOMY INITITAVE GRANT DUDLEY STREET NEIGHBORHOOD INITIATIVE 550 DUDLEY STREET ROXBURY MA 02119 042859066 501(C)3 20000 0 SOLIDARITY ECONOMY INITITAVE GRANT ALTERNATIVES FOR COMMUNITY & ENVIRONMENT 2201 WASHINGTON STREET SUITE 302 ROXBURY MA 02119 433228509 501(C)3 20000 0 SOLIDARITY ECONOMY INITITAVE GRANT CHINATOWN PEOPLE PROGRESSIVE ASSOCIATION 28 ASH STREET BOSTON MA 02111 042631569 501(C)3 20000 0 SOLIDARITY ECONOMY INITITAVE GRANT URBAN REVIVAL DBA CITY LIFEVIDA URBAN 284 AMORY STREET JAMAICA PLAIN MA 02130 042660311 501(C)3 20000 0 SOLIDARITY ECONOMY INITITAVE GRANT BLACK FARMER FUND 228 PARK AVE S 38732 NEW YORK NY 10003 842310349 501(C)3 6745 0 GENERAL OPERATING EXPENSES 8 1 MARIA CHRISTINA BLANCO EMPLOYEE & CLERK OF THE BOARD OF DIRECTORS HARDSHIP LOAN X 3000 2654 0 1 1 2654 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR PERFORM A DETAILED REVIEW OF THE FORM 990. ONCE APPROVED, A COPY OF THE FINAL FORM 990 IS PROVIDED TO ALL OTHER BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 1. DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST . D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT . 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: A. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, THE BOARD OF DIRECTORS APPROVES THE YEARLY BUDGET WHICH INCLUDES THE COMPENSATION FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.