2025-11-13T10:51:30-06:00 2024-12-31 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2024-01-01 200387511 THE DEMOCRACY COLLABORATIVE FOUNDATION INC DEMO 2162822022 13800 FAIRHILL ROAD 215 SHAKER HEIGHTS OH 44120 STEPHANIE MCHENRY CEO 2162822022 2025-11-13 1 1 CHRISTOPHER B ANDERSON P00226559 2163630100 2024 2025-03-06 01:10:19Z STEPHANIE MCHENRY 13800 FAIRHILL ROAD 215 SHAKER HEIGHTS OH 44120 983240 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. 7 7 7 7 0 0 3784973 767570 42619 9975 -2713 -25686 49867 205683 3874746 957542 0 0 0 0 1462132 1081822 0 0 190541 1003368 1090378 2465500 2172200 1409246 -1214658 2723363 1079205 1438483 1008983 1284880 70222 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 1074860 9975 COMMUNITY WEALTH BUILDING: IN 2024, WE PROVIDED CUSTOMIZED CWB TRAINING TO NEIGHBORWORKS AMERICA, UNITED WAY OF GREATER LOS ANGELES, THE NEW GROWTH INNOVATION NETWORK, THE PEOPLE'S ECONOMY LAB, AND NUMEROUS OTHER GROUPS ACROSS THE UNITED STATES AND INTERNATIONALLY. WE CREATED AN ACTION GUIDE TO COMMUNITY WEALTH BUILDING IN THE UNITED STATES AND SUPPORTING MATERIALS. WE ADVISED ON CWB INITIATIVES IN COUNTRIES AROUND THE WORLD, INCLUDING SCOTLAND, IRELAND, POLAND, GERMANY, THE NETHERLANDS, KOREA, AUSTRALIA, CANADA, AND THROUGH THE EUROPEAN UNION AND OECD. 247699 12840 THEORY, RESEARCH AND POLICY PROGRAMS: IN 2024, WE PRODUCED THE 2024 SECOND EDITION OF THE U.S. INDEX OF SYSTEMIC TRENDS, WRITTEN UP IN THE GUARDIAN. WE PARTNERED WITH USSEN AND PNLL ON "RESIST & BUILD" TO GROW THE SOLIDARITY ECONOMY MOVEMENT. WE CONVENED THE NEXT SYSTEM MOVEMENT LAB, A RE-FOUNDING FIVE-DAY MEETING AT POCANTICO ON THE STRATEGY AND MOVEMENT FOR SYSTEM CHANGE WITH THIRTY KEY PARTNERS FROM ACROSS NORTH AMERICA. WE LAUNCHED MARJORIE KELLY'S WEALTH SUPREMACY, USING THE BOOK TO REACH HUNDREDS OF THOUSANDS, PERHAPS EVEN MILLIONS, OF PEOPLE THROUGH MEDIA CHANNELS WITH ITS CRITIQUE OF FINANCIALIZED CAPITALISM. 1322559 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 26 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 SHEVANTHI DANIEL TREASURER 1.00 X X 0 0 0 JOHN DUDA TRUSTEE 1.00 X 0 0 0 JACQUELINE MCLEMORE TRUSTEE 1.00 X 0 0 0 MARTIN O'NEIL TRUSTEE 1.00 X 0 0 0 CHRISTINA SALAZAR PINEIRO TRUSTEE 1.00 X 0 0 0 MICHAEL SCHOOP CHAIR 1.00 X X 0 0 0 THAD WILLIAMSON TRUSTEE 1.00 X 0 0 0 STEPHANIE MCHENRY CEO 40.00 X 166034 0 24737 JOE GUINAN PRESIDENT 40.00 X 147559 0 23376 MARVIN BROOKSHIRE DIRECTOR OF FINANCE 40.00 X 99644 0 19917 413237 0 68030 2 0 1 0 0 767570 25535 767570 CONSULTING INCOME 541610 9975 9975 9975 12 12 172716 0 172716 172716 172716 25698 -25698 -25698 -25698 GAIN ON LEASE TERMINAT 900099 20891 20891 OTHER REVENUE 900099 12076 12076 32967 957542 42942 0 147030 X 481267 272598 129067 79602 341473 193415 91577 56481 49708 28155 13331 8222 114525 63777 47302 3446 94849 53724 25437 15688 25988 25988 633690 568898 60570 4222 181505 49772 130138 1595 42363 14853 24369 3141 72161 52929 9534 9698 55349 55349 SUBSCRIPTIONS & FEES 15492 12743 2266 483 PRINTING & MAILING 3530 3530 60300 11695 40642 7963 2172200 1322559 659100 190541 441664 759480 1555000 0 52544 79530 548694 448155 181586 100539 492569 139656 2723363 1079205 252093 522193 30000 30000 11250 11756 1145140 445034 1438483 1008983 X 758916 -345806 525964 416028 1284880 70222 2723363 1079205 -1214658 0 X 0 1 X 0 0 X 2421791 3540352 3600823 3784973 767570 14115509 2421791 3540352 3600823 3784973 767570 14115509 2691162 11424347 18002 46437 67270 46657 172728 351094 15055 13869 33578 3232 32967 98701 14565304 792389 0.78440 0.49130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 293630 293630 440445 27424 27424 73408 73408 110112 1259 1259 532823 438506 94317 15871 9649 6222 100539 RIGHT OF USE ASSETS 127821 OTHER ASSETS 11835 139656 LIABILITIES OF DISCONTINUED OPERATIONS 180000 OPERATING LEASE LIABILITIES 180129 SUBLEASE LIABILITY 84905 445034 957542 0 957542 0 957542 2172200 0 2172200 0 2172200 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 2 PROGRAM SERVICES COMMUNITY WEALTH BUILDING&RESEARCH 421990 0 2 0 0 0 2 421990 0 421990 0 0 0 0 0 0 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - THE DEMOCRACY COLLABORATIVE HAD TWO STAFF PEOPLE RESIDING IN EUROPE IN 2024. 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 0 0 0 0 0 0 0 0 0 STEPHANIE MCHENRY CEO 166034 0 0 0 0 0 11631 0 13106 0 190771 0 0 0 JOE GUINAN PRESIDENT 147559 0 0 0 0 0 10337 0 13039 0 170935 0 0 0 X 1 25535 BROKERAGE STATEMENT 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 THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS COMPENSATION FOR SIMILAR ORGANIZATIONS FOR OUR CEO AND PRESIDENT AND MAKES A RECOMMENDATION TO THE FULL BOARD. EXECUTIVE SALARIES WERE NOT INCREASED IN 2024 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 568,898. MANAGEMENT AND GENERAL EXPENSES 60,570. FUNDRAISING EXPENSES 4,222. TOTAL EXPENSES 633,690.