2024-11-15T09:10:30-06:00 2023-12-31 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2023-01-01 200387511 THE DEMOCRACY COLLABORATIVE FOUNDATION INC DEMO 2162822022 13800 FAIRHILL ROAD 215 SHAKER HEIGHTS OH 44120 STEPHANIE MCHENRY CEO 2162822022 2024-11-15 1 1 CHRISTOPHER B ANDERSON P00226559 2163630100 2023 2024-10-15 13:58:12Z STEPHANIE MCHENRY 13800 FAIRHILL ROAD 215 SHAKER HEIGHTS OH 44120 3877481 0 X WWW.DEMOCRACYCOLLABORATIVE.ORG X 2004 MD THE DEMOCRACY COLLABORATIVE WAS ESTABLISHED IN 2000 TO ADVANCE UNDERSTANDING OF DEMOCRACY FOR THE 21ST CENTURY AND TO PROMOTE EMERGING STRATEGIES AND INNOVATIONS IN COMMUNITY DEVELOPMENT THAT ENHANCE DEMOCRATIC LIFE. IN PARTICULAR, OUR WORK FOCUSES ON THE CRITICAL ROLE LOCAL ECONOMIC STABILITY PLAYS IN STRENGTHENING CIVIC LIFE, PROVIDING MEANINGFUL EMPLOYMENT, ENHANCING FAMILY SECURITY, AND PROMOTING ENVIRONMENTAL SUSTAINABILITY. THE DEMOCRACY COLLABORATIVE SPONSORS A RANGE OF EDUCATION PROJECTS INVOLVING RESEARCH, TRAINING, AND COMMUNITY-FOCUSED WORK DESIGNED TO INCREASE SUPPORT FOR WEALTH BUILDING INNOVATIONS AT THE LOCAL LEVEL. 10 10 10 0 0 0 3600823 3784973 13074 42619 5244 -2713 77383 49867 3696524 3874746 200000 0 0 0 2295083 1462132 0 0 189517 1358478 1003368 3853561 2465500 -157037 1409246 1833529 2723363 1957895 1438483 -124366 1284880 X SEE SCHEDULE OTHE DEMOCRACY COLLABORATIVE WAS ESTABLISHED IN 2000 TO ADVANCE UNDERSTANDING OF DEMOCRACY FOR THE 21ST CENTURY AND TO PROMOTE EMERGING STRATEGIES AND INNOVATIONS IN COMMUNITY DEVELOPMENT THAT ENHANCE DEMOCRATIC LIFE. IN PARTICULAR, OUR WORK FOCUSES ON THE CRITICAL ROLE LOCAL ECONOMIC STABILITY PLAYS IN STRENGTHENING CIVIC LIFE, PROVIDING MEANINGFUL EMPLOYMENT, ENHANCING FAMILY SECURITY, AND PROMOTING ENVIRONMENTAL SUSTAINABILITY. THE DEMOCRACY COLLABORATIVE SPONSORS A RANGE OF EDUCATION PROJECTS INVOLVING RESEARCH, TRAINING, AND COMMUNITY-FOCUSED WORK DESIGNED TO INCREASE SUPPORT FOR WEALTH BUILDING INNOVATIONS AT THE LOCAL LEVEL. 0 0 1077260 42619 COMMUNITY WEALTH BUILDING: IN 2023, TDC ESTABLISHED MAJORNETWORKS AS PART OF ITS COMMUNITY WEALTH BUILDING (CWB) STRATEGY. THIS STRATEGY'S PURPOSE IS TO CREATE A PATHWAY TO A MORE DEMOCRATIC ECONOMY, WHICH BENEFITS LOW INCOME COMMUNITIES. THE ROLE OF NETWORKS IS CRITICAL TO THE ADVANCEMENT OF CWB. NOT ONLY DO COMMUNITIES OF PRACTICE PROVIDE PRACTITIONERS AND SCHOLARS AN OPPORTUNITY TO CONNECT AND COLLABORATE, THEY ALSO SERVE AS A VEHICLE FOR MOVEMENT-BUILDING.THE DEMOCRACY COLLABORATIVE SUPPORTS THE CONVENING, FACILITATION, AND DIRECTION-SETTING OF TWO NETWORKS: 1) THE CWB COMMUNITY OF PRACTICE; AND 2) THE GLOBAL ACADEMICS AND RESEARCHERS NETWORK (GARN). 459531 3232 THEORY, RESEARCH AND POLICY PROGRAMS: IN OUR NEXT SYSTEM STUDIES PROGAM WE COLLABORATED WITH GEORGE MASON UNIVERSITY TO ADVANCE THE WORK OF THE NSS PROGRAM. THIS INCLUDED KEY RESEARCH AND STUDENT SUPPORT.WE ENGAGED IN PLANNING A MAJOR LEARNING LAB TO BE HELD IN THE 1SR QUARTER OF 2024. THE PURPOSE OF THE LEARNING LAB WAS TO ADVANCE THE FIELD OF ESTABLISHING A MORE DEMOCRATIC ECONOMY IN THE US THAT WILL BENEFIT LOW INCOME COMMUNITIES. 1536791 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 10 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK PA RI SC SD TN TX UT VA WA WV WI WY X STEPHANIE MCHENRY 2162822022 13800 FAIRHILL ROAD APT 215 SHAKER HEIGHTS OH 44120 ALLAN HENDERSON CHAIR 1.00 X X 0 0 0 MICHAEL SCHOOP TRUSTEE 1.00 X 0 0 0 DAYNA CUNNINGHAM TRUSTEE 1.00 X 0 0 0 SHEVANTHI DANIESL TRUSTEE 1.00 X 0 0 0 MICHELLENE DAVIS TRUSTEE 1.00 X 0 0 0 LAURA FLANDERS TRUSTEE 1.00 X 0 0 0 MARTIN O'NEIL TRUSTEE 1.00 X 0 0 0 THAD WILLIAMSON TRUSTEE 1.00 X 0 0 0 CHRISTINE SALAZAR PINEIRO TRUSTEE 1.00 X 0 0 0 JACQUELINE MCLEMORE TRUSTEE 1.00 X 0 0 0 TED HOWARD PRESIDENT 40.00 X 151203 0 33618 STEPHANIE MCHENRY CHIEF FINANCIAL OFFICER 40.00 X 157892 0 23259 MARJORIE KELLY SENIOR FELLOW 40.00 X 106372 0 19634 LESLIE HARROUN EXECUTIVE IN RESIDENCE 40.00 X 121751 0 17356 MARVIN BROOKSHIRE ACCOUNTANT 40.00 X 108892 0 19723 JOE GUINAN FUTURE PRESIDENT 40.00 X 135447 0 16043 781557 0 129633 6 0 1 0 0 3784973 30000 3784973 CONSULTING INCOME 541610 42619 42619 42619 22 22 46635 0 46635 46635 46635 2735 -2735 -2735 -2735 OTHER REVENUE 900099 3232 3232 3232 3874746 45851 0 43922 X 365973 245968 76361 43644 768545 516534 160358 91653 67078 45083 13996 7999 133454 89694 27845 15915 127082 85411 26516 15155 31100 31100 377501 348514 27321 1666 228996 13984 215012 53639 11988 41651 95006 84734 3751 6521 64639 7832 55630 1177 OTHER EXPENSES 71595 13707 52195 5693 PRINTING & MAILING 64246 61321 2900 25 SUBSCRIPTIONS & FEES 16646 12021 4556 69 2465500 1536791 739192 189517 349480 441664 525964 1555000 20304 52544 18573 642674 461088 247146 181586 672062 492569 1833529 2723363 245593 252093 80000 30000 11267 11250 1621035 1145140 1957895 1438483 X -650330 758916 525964 525964 -124366 1284880 1833529 2723363 1409246 0 X 1 X 0 0 0 X 4403650 2421791 3540352 3600823 3784973 17751589 4403650 2421791 3540352 3600823 3784973 17751589 8909517 8842072 31 18002 46437 67270 46657 178397 15055 13869 33578 3232 65734 17995720 1871626 0.49130 0.65630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 360091 293630 653721 980582 40000 27424 67424 90023 73408 163431 245147 1259 1259 532823 385224 147599 28326 11357 16969 81525 64507 17018 181586 RIGHT OF USE ASSETS 480732 OTHER ASSETS 11837 492569 LIABILITIES OF DISCONTINUED OPERATIONS 330000 OPERATING LEASE LIABILITIES 708092 SUBLEASE LIABILITY 107048 1145140 3874746 0 3874746 0 3874746 2465500 0 2465500 0 2465500 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 PROGRAM SERVICES COMMUNITY WEALTH BUILDING&RESEARCH 314591 0 1 0 0 0 1 314591 0 314591 0 0 0 0 0 0 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - THE DEMOCRACY COLLABORATIVE HAD ONE STAFF PERSON RESIDING IN EUROPE IN 2023. THE ORGANIZATION MAINTAINED RECORDS OF ALL TIME WORKED AND PERSONNEL EXPENSE INCURRED DURING THE COURSE OF BUSINESS. THE COLLABORATIVE ALSO USES THE SERVICES OF INDEPENDENT CONTRACTORS THROUGHOUT EUROPE. PERSONNEL IN THE UNITED STATES MONITOR AND APPROVE CONTRACTOR INVOICES TO ENSURE THAT FUNDS ARE SPENT FOR THE INTENDED PURPOSES. X X X 0 0 0 0 0 0 0 0 0 TED HOWARD PRESIDENT 151203 0 0 0 0 0 9778 0 23840 0 184821 0 0 0 STEPHANIE MCHENRY CHIEF FINANCIAL OFFICER 157892 0 0 0 0 0 11060 0 12199 0 181151 0 0 0 JOE GUINAN FUTURE PRESIDENT 135447 0 0 0 0 0 9485 0 6558 0 151490 0 0 0 X IN-KIND DONATION OF CONFERENCE SPACE AND MEALS 1 30000 STATED BY DONOR 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW - THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY INTERNAL MANAGEMENT. BEFORE THE RETURN WAS FILED, A COMPLETE COPY WAS PROVIDED TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE ORGANIZATION'S PROCEDURES ARE AS FOLLOWS: 1. DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST OR FIDUCIARY RESPONSIBILITY AND ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENTS. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST OR FIDUCIARY RESPONSIBILITY AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE LEAVES THE BOARD OR COMMITTE MEETING WHILE THE FINAL DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A FACTUAL PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGMENT THAT RESULTS IN THE CONFLICT OF INTEREST. AN INTERESTED PERSON DOES NOT ACTIVELY PARTICIPATE IN THE DISCUSSION OF, OR VOTE ON, THE TRANSACTION OR ARRANGMENT THAT RESULTS IN THE CONFLICT OF INTEREST, EITHER FORMALLY AT A BOARD OR COMMITTEE MEETING OR INFORMALLY THROUGH CONTACT WITH INDIVIDUAL BOARD OR COMMITTEE MEMBERS. IN ADDITION, THE INTERESTED PERSON IS NOT COUNTED IN DETERMINING WHETHER A QUORUM IS PRESENT FOR THE BOARD OR COMMITTEE MEETING AT WHICH THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST IS TO BE VOTED UPON. B. THE CHAIR OF THE BOARD OR COMMITTEE, IF APPROPIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIAGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE DETERMINES WHETHER THE DEMOCRACY COLLABORATIVE FOUNDATION (DCFI) CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS 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 ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE (OR OTHER VOTING REQUIREMENTS, AS PROVIDED IN THE BY-LAWS OF DCFI) OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN DCFI'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO DCFI AND MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: A. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTIONS. FORM 990, PART VI, SECTION B, LINE 15 REVIEW AND APPROVAL OF COMPENSATION - THE COMPENSATION COMMITTEE OF THE BOARD REVIEWED COMPENSATION FOR SIMILAR ORGANIZATIONS FOR OUR CEO AND PRESIDENT AND MADE A RECOMMENDATION TO THE FULL BOARD. THIS WAS DONE FOR 2023. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE ORGANIZATION MAINTAINS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IN ITS OFFICES IN CLEVELAND, OHIO, AND THEY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 348,514. MANAGEMENT AND GENERAL EXPENSES 27,321. FUNDRAISING EXPENSES 1,666. TOTAL EXPENSES 377,501.