Nonprofit · EIN 47-3589804
CENTER FOR ECONOMIC DEMOCRACY
Tax-exempt · BOSTON, MA 02130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,270,978 | $4,444,973 | -$173,995 | $7,461,724 | $234,078 | $7,227,646 |
| December 31, 2024 | 990 | $6,465,280 | $4,206,570 | $2,258,710 | $9,593,066 | $389,946 | $9,203,120 |
| December 31, 2023 | 990 | $4,944,735 | $4,536,716 | $408,019 | $16,276,551 | $4,545,954 | $11,730,597 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,069,800
- Program service revenue
- $65,049
- Investment income
- $136,129
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,396,475
- Compensation of officers, directors and key employees
- $409,113
- Other salaries and wages
- $1,444,043
- Salaries, compensation and benefits (total)
- $2,178,297
- Professional fundraising fees
- $0
- Legal fees
- $25,976
- Accounting fees
- $36,843
- Occupancy
- $25,385
- Travel
- $51,702
- Program services (functional)
- $3,409,753
- Management and general (functional)
- $924,624
- Fundraising (functional)
- $110,596
Balance sheet and other
- Total assets, start of year
- $9,593,066
- Total assets, end of year
- $7,461,724
- Total liabilities, end of year
- $234,078
- Net assets, end of year
- $7,227,646
- Publicly traded securities
- $2,296,779
- Net assets without donor restrictions
- $5,193,052
- Net assets with donor restrictions
- $2,034,594
- Gross receipts
- $5,637,774
- Employees
- 23
- Volunteers
- 200
- Year formed
- 2013
- State of legal domicile
- MA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHARI DAVIS | CO-EXECUTIVE DIRECTOR Officer | 40 | $135,369 | $20,653 |
| MARTIN FAMILIA | SR. DIRECTOR OF FINANCE & HR Officer | 40 | $117,514 | $11,297 |
| JENNIFER NEAR | SR. DIR. OF PHILANTHROPY & INVESTING Highest-paid employee | 40 | $117,043 | $9,881 |
| CHRISLENE DEJEAN | SR. DIRECTOR OF PEOPLE & CULTURE Highest-paid employee | 40 | $107,062 | $14,938 |
| AMRITA WASSAN | SR. DIRECTOR OF NATIONAL PROGRAMS Highest-paid employee | 40 | $110,011 | $9,186 |
| MARIA CHRISTINA BLANCO | BOARD CLERK/OPERATIONS MANAGER Officer | 42 | $78,060 | $10,879 |
| LILY HUANG | CO-EXECUTIVE DIRECTOR (SINCE 9/5/25) Officer | 40 | $35,186 | $156 |
| PENN LOH | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| AARON TANAKA | DIRECTOR (TREASURER SINCE 10/1/25) Trustee or director, Officer | 2 | $0 | $0 |
| SARAH JIMENEZ | TREASURER (UNTIL 9/30/25) Trustee or director, Officer | 2 | $0 | $0 |
| FARHAD EBRAHIMI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIFFANY BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KHALIDA SMALLS | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARTIN FAMILIA | SR. DIRECTOR OF FINANCE & HR Officer | 40 | $113,983 | $11,773 |
| AMRITA WASSAN | SR. DIRECTOR OF NATIONAL PROGRAMS Highest-paid employee | 40 | $112,174 | $11,259 |
| MARIA CHRISTINA BLANCO | BOARD CLERK/OPERATION MANAGER Officer | 42 | $64,119 | $17,044 |
| SHARI DAVIS | CO-EXECUTIVE DIRECTOR (SINCE AUG '24) Officer | 40 | $53,117 | $9,546 |
| AARON TANAKA | DIR. SINCE AUG '24/EXEC DIR THRU JUL '24 Trustee or director, Officer | 40 | $54,288 | $5,120 |
| PENN LOH | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SARAH JIMENEZ | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| FARHAD EBRAHIMI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIFFANY BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KHALIDA SMALLS | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YICHEN FENG | MANAGING DIRECTOR, CAPITAL STRATEGIES Highest-paid employee | 40 | $130,671 | $9,380 |
| MARTIN FAMILIA | SR. DIRECTOR OF FINANCE & HR Officer | 40 | $115,144 | $10,518 |
| AARON TANAKA | EXECUTIVE DIRECTOR Officer | 40 | $115,108 | $10,517 |
| MARIA CHRISTINA BLANCO | BOARD CLERK/OPERATION MANA Officer | 42 | $60,150 | $13,892 |
| KHALIDA SMALLS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FARHAD EBRAHIMI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIFFANY BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH JIMENEZ | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| PENN LOH | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 769 CENTRE STREET 143, BOSTON, MA 02130-2557
- In care of
- % AARON TANAKA
- Mailing address (990-N for 2015)
- 194 Highland Street 1, Boston MA 02119
- Principal officer (990 for 2025)
- SHARI DAVIS, 769 CENTRE STREET 143, BOSTON, MA 02130
- Principal officer (990-N for 2015)
- Aaron Tanaka, 194 Highland Street 1, Boston MA 02119
- Signed the 990
- SHARI DAVIS, CO-EXECUTIVE DIRECTOR
- Phone
- (877) 829-5500
- Website
- WWW.ECONOMICDEMOCRACY.US
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- CED COMPLETED SEVERAL MAJOR MILESTONES IN 2025:1) CED LAUNCHED THE BRAVE NARRATIVES PROJECT IN COLLABORATION WITH LOCAL PARTNERS TO RELEASE THE "A COLLECTIVE FUTURE" DOCUMENTARY ABOUT INSPIRING EXAMPLES OF COMMUNITY OWNERSHIP MODELS, AND ORGANIZED BOSTON-AREA RESIDENTS TO PLEDGE IN SUPPORT OF ECONOMIC DEMOCRACY PROJECTS. 2) CED MOBILIZED THE RESOURCES AND BUILT THE INFRASTRUCTURE FOR A COMMUNITY LED DECISION MAKING PROCESS THAT'S INCUBATED COMMUNITY OWNERSHIP PROJECTS STATEWIDE. 3) CED LED THE FIRST MOVEMENT FINANCE FORUM CONVENING THAT BROUGHT TOGETHER PRACTITIONERS FROM ACROSS SEVERAL ECOSYSTEMS TO ADVANCE A COORDINATED NETWORK APPROACH, AND SUCCESSFULLY LAUNCHED THE PEOPLE'S BUDGET SURVEY TO STRENGTHEN RESIDENT-LED DEMANDS OF THE CITY BUDGET, WHILE OUR COALITION FOR WORKER OWNERSHIP AND POWER'S NEW RESEARCH AND POLICY AGENDA WAS DEVELOPED.Expenses $3,409,753 · grants $1,396,475 · revenue $65,049
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 | 990 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
- 47-3589804
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $7,461,724
- Income (IRS master file)
- $5,637,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,270,978 | $4,444,973 | $7,461,724 | XML |
| 990 | December 2024 | $6,465,280 | $4,206,570 | $9,593,066 | XML |
| 990 | December 2023 | $4,944,735 | $4,536,716 | $16,276,551 | XML |
| 990 | December 2022 | $7,517,905 | $3,002,532 | $15,917,380 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2015 Officer: Aaron Tanaka | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-3589804).
Questions about CENTER FOR ECONOMIC DEMOCRACY
- What is the EIN of CENTER FOR ECONOMIC DEMOCRACY?
- The employer identification number (EIN) of CENTER FOR ECONOMIC DEMOCRACY is 47-3589804.
- Is CENTER FOR ECONOMIC DEMOCRACY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to CENTER FOR ECONOMIC DEMOCRACY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER FOR ECONOMIC DEMOCRACY 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 CENTER FOR ECONOMIC DEMOCRACY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTER FOR ECONOMIC DEMOCRACY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CENTER FOR ECONOMIC DEMOCRACY?
- The 990 for the year ended December 31, 2025 names SHARI DAVIS.
- Who are the officers and directors of CENTER FOR ECONOMIC DEMOCRACY?
- The 990 for the year ended December 31, 2025 lists 13 people; 7 received compensation from the organization, the highest $135,369 (SHARI DAVIS, CO-EXECUTIVE DIRECTOR).
- How much revenue does CENTER FOR ECONOMIC DEMOCRACY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,270,978, expenses of $4,444,973 and total assets of $7,461,724 at year end.
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