Nonprofit · EIN 38-3926408
DEMOCRACY FUND INC
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $63,960,855 | $61,588,535 | $2,372,320 | $15,845,796 | $31,708,918 | -$15,863,122 |
| December 31, 2023 | 990-PF | $2,515,339 | $100,001,045 | -$97,485,706 | $25,641,140 | $43,876,729 | -$18,235,589 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $63,363,700
- Dividends
- $78,775
- Net gain from sales of assets
- $518,380
Expenses
- Grants and similar amounts paid
- $37,719,319
- Compensation of officers, directors and key employees
- $1,220,697
- Salaries, compensation and benefits (total)
- $10,808,436
- Disbursements for charitable purposes
- $72,609,363
- Excise tax on investment income
- $500,248
Balance sheet and other
- Total assets, start of year
- $25,641,140
- Total assets, end of year
- $15,845,796
- Total liabilities, end of year
- $31,708,918
- Net assets, end of year
- -$15,863,122
- Fair market value of assets
- $15,845,796
- Qualifying distributions
- $72,609,363
- Net investment income
- $35,989,247
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joseph Goldman 1200 17th St NW Ste 300, Washington, DC 20036 | President & CEO | 28 | $520,858 | $54,508 |
| Laura Chambers 1200 17th St NW Ste 300, Washington, DC 20036 | Chief Operating Offi Highest-paid employee | 36 | $412,263 | $46,769 |
| Sanjiv Rao 1200 17th St NW Ste 300, Washington, DC 20036 | Managing Program Dir Highest-paid employee | 33 | $329,058 | $39,545 |
| Lara Flint 1200 17th St NW Ste 300, Washington, DC 20036 | Managing Program Dir Highest-paid employee | 30 | $319,862 | $40,011 |
| Deepa Isac 1200 17th St NW Ste 300, Washington, DC 20036 | General Counsel & Secretary | 36 | $311,569 | $38,926 |
| Thomas Glaisyer 1200 17th St NW Ste 300, Washington, DC 20036 | Executive Advisor Highest-paid employee | 32 | $294,673 | $38,957 |
| Kelly Reed 1200 17th St NW Ste 300, Washington, DC 20036 | Deputy Chief Operati Highest-paid employee | 36 | $294,072 | $37,782 |
| Robin Thompson 1200 17th St NW Ste 300, Washington, DC 20036 | Treasurer & Senior Director of Finance | 36 | $240,688 | $34,147 |
| Danielle Allen 1200 17th St NW Ste 300, Washington, DC 20036 | Director | 0.25 | $20,000 | $0 |
| Patricia Christen 720 University Ave Ste 110, Los Gatos, CA 95032 | Chairman | 2.46 | $0 | $0 |
| Crystal Hayling 1200 17th St NW Ste 300, Washington, DC 20036 | Director | 0.25 | $0 | $0 |
| Deepak Bhargava 1200 17th St NW Ste 300, Washington, DC 20036 | Director | 0.25 | $0 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joseph Goldman 1200 17th St NW Ste 300, Washington, DC 20036 | President & CEO | 32 | $522,413 | $54,505 |
| Laura Chambers 1200 17th St NW Ste 300, Washington, DC 20036 | Chief Operating Offi Highest-paid employee | 36 | $394,762 | $45,101 |
| Thomas Glaisyer 1200 17th St NW Ste 300, Washington, DC 20036 | Managing Program Dir Highest-paid employee | 32 | $304,319 | $38,897 |
| Lara Flint 1200 17th St NW Ste 300, Washington, DC 20036 | Managing Program Dir Highest-paid employee | 34 | $302,322 | $38,515 |
| Deepa Isac 1200 17th St NW Ste 300, Washington, DC 20036 | General Counsel & Secretary | 36 | $293,523 | $37,019 |
| Lauren Strayer 1200 17th St NW Ste 300, Washington, DC 20036 | Managing Communicati Highest-paid employee | 35 | $280,730 | $31,740 |
| Kelly Reed 1200 17th St NW Ste 300, Washington, DC 20036 | Deputy Chief Operati Highest-paid employee | 36 | $277,597 | $34,955 |
| Robin Thompson 1200 17th St NW Ste 300, Washington, DC 20036 | Treasurer & Senior Director of Finance | 36 | $230,413 | $32,562 |
| Danielle Allen as of March 1200 17th St NW Ste 300, Washington, DC 20036 | Director | 0.25 | $20,000 | $0 |
| K Sabeel Rahman as of March 1200 17th St NW Ste 300, Washington, DC 20036 | Director | 0.25 | $20,000 | $0 |
| Patricia Christen 720 University Ave Ste 110, Los Gatos, CA 95032 | Chairman | 2.15 | $0 | $0 |
| Sarah Steven through October 720 University Ave Ste 110, Los Gatos, CA 95032 | Director | 1.83 | $0 | $0 |
| Crystal Hayling as of March 1200 17th St NW Ste 300, Washington, DC 20036 | Director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 17TH ST NW STE 300, WASHINGTON, DC 20036-3014
- Signed the 990-PF
- Joseph Goldman, President
- Phone
- (202) 420-7943
- Website
- www.democracyfund.org
- Return prepared by
- COMPREHENSIVE FINANCIAL MANAGEMENT
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-3926408
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $15,845,796
- Income (IRS master file)
- $99,374,555
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $63,960,855 | $61,588,535 | $15,845,796 | XML |
| 990-PF | December 2023 | $2,515,339 | $100,001,045 | $25,641,140 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | 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 38-3926408).
Questions about DEMOCRACY FUND INC
- What is the EIN of DEMOCRACY FUND INC?
- The employer identification number (EIN) of DEMOCRACY FUND INC is 38-3926408.
- Is DEMOCRACY FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to DEMOCRACY FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does DEMOCRACY FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DEMOCRACY FUND 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 FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DEMOCRACY FUND INC?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 9 received compensation from the organization, the highest $520,858 (Joseph Goldman, President & CEO).
- How much revenue does DEMOCRACY FUND INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $63,960,855, expenses of $61,588,535 and total assets of $15,845,796 at year end.
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