Nonprofit · EIN 20-0387511
DEMOCRACY COLLABORATIVE FOUNDATION INC
Tax-exempt · CLEVELAND, OH 44120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $957,542 | $2,172,200 | -$1,214,658 | $1,079,205 | $1,008,983 | $70,222 |
| December 31, 2023 | 990 | $3,874,746 | $2,465,500 | $1,409,246 | $2,723,363 | $1,438,483 | $1,284,880 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $767,570
- Program service revenue
- $9,975
- Investment income
- -$25,686
- Net rental income
- $172,716
- Net gain from sales of assets
- -$25,698
- Other revenue
- $205,683
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $481,267
- Other salaries and wages
- $341,473
- Salaries, compensation and benefits (total)
- $1,081,822
- Professional fundraising fees
- $0
- Accounting fees
- $25,988
- Travel
- $72,161
- Depreciation
- $55,349
- Program services (functional)
- $1,322,559
- Management and general (functional)
- $659,100
- Fundraising (functional)
- $190,541
Balance sheet and other
- Total assets, start of year
- $2,723,363
- Total assets, end of year
- $1,079,205
- Total liabilities, end of year
- $1,008,983
- Net assets, end of year
- $70,222
- Land, buildings and equipment
- $100,539
- Net assets without donor restrictions
- -$345,806
- Net assets with donor restrictions
- $416,028
- Gross receipts
- $983,240
- Employees
- 7
- Volunteers
- 7
- Year formed
- 2004
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHANIE MCHENRY | CEO Officer | 40 | $166,034 | $24,737 |
| JOE GUINAN | PRESIDENT Officer | 40 | $147,559 | $23,376 |
| MARVIN BROOKSHIRE | DIRECTOR OF FINANCE Officer | 40 | $99,644 | $19,917 |
| SHEVANTHI DANIEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN DUDA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JACQUELINE MCLEMORE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN O'NEIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINA SALAZAR PINEIRO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL SCHOOP | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| THAD WILLIAMSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TED HOWARD | PRESIDENT Officer | 40 | $151,203 | $33,618 |
| STEPHANIE MCHENRY | CHIEF FINANCIAL OFFICER Officer | 40 | $157,892 | $23,259 |
| JOE GUINAN | FUTURE PRESIDENT Highest-paid employee | 40 | $135,447 | $16,043 |
| LESLIE HARROUN | EXECUTIVE IN RESIDENCE Highest-paid employee | 40 | $121,751 | $17,356 |
| MARVIN BROOKSHIRE | ACCOUNTANT Highest-paid employee | 40 | $108,892 | $19,723 |
| MARJORIE KELLY | SENIOR FELLOW Highest-paid employee | 40 | $106,372 | $19,634 |
| ALLAN HENDERSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL SCHOOP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAYNA CUNNINGHAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHEVANTHI DANIESL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLENE DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA FLANDERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN O'NEIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THAD WILLIAMSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINE SALAZAR PINEIRO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JACQUELINE MCLEMORE | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 13800 FAIRHILL RD APT 215, CLEVELAND, OH 44120-1277
- Principal officer (990 for 2024)
- STEPHANIE MCHENRY, 13800 FAIRHILL ROAD 215, SHAKER HEIGHTS, OH 44120
- Signed the 990
- STEPHANIE MCHENRY, CEO
- Phone
- (216) 282-2022
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
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.
Program accomplishments
- 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.Expenses $1,074,860 · revenue $9,975
- 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.Expenses $247,699 · revenue $12,840
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0387511
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B032)
- Assets (IRS master file)
- $1,079,205
- Income (IRS master file)
- $983,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $957,542 | $2,172,200 | $1,079,205 | XML |
| 990 | December 2023 | $3,874,746 | $2,465,500 | $2,723,363 | XML |
| 990 | December 2022 | $3,696,524 | $3,853,561 | $1,833,529 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0387511).
Questions about DEMOCRACY COLLABORATIVE FOUNDATION INC
- What is the EIN of DEMOCRACY COLLABORATIVE FOUNDATION INC?
- The employer identification number (EIN) of DEMOCRACY COLLABORATIVE FOUNDATION INC is 20-0387511.
- Is DEMOCRACY COLLABORATIVE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to DEMOCRACY COLLABORATIVE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEMOCRACY COLLABORATIVE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DEMOCRACY COLLABORATIVE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEMOCRACY COLLABORATIVE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DEMOCRACY COLLABORATIVE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names STEPHANIE MCHENRY.
- Who are the officers and directors of DEMOCRACY COLLABORATIVE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $166,034 (STEPHANIE MCHENRY, CEO).
- How much revenue does DEMOCRACY COLLABORATIVE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $957,542, expenses of $2,172,200 and total assets of $1,079,205 at year end.
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