Nonprofit · EIN 74-2619883
THE TEXAS DEMOCRACY FOUNDATION
Tax-exempt · AUSTIN, TX 78702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,106,093 | $1,261,872 | -$155,779 | $154,594 | $124,175 | $30,419 |
| December 31, 2023 | 990 | $1,385,336 | $1,589,670 | -$204,334 | $301,292 | $115,094 | $186,198 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,107,993
- Program service revenue
- $0
- Investment income
- $0
- Royalties
- $857
- Net income from fundraising events
- -$4,517
- Other revenue
- -$1,900
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $121,800
- Other salaries and wages
- $540,921
- Salaries, compensation and benefits (total)
- $785,223
- Professional fundraising fees
- $0
- Legal fees
- $20
- Accounting fees
- $27,375
- Occupancy
- $38,040
- Travel
- $12,402
- Depreciation
- $9,294
- Program services (functional)
- $871,958
- Management and general (functional)
- $275,157
- Fundraising (functional)
- $114,757
Balance sheet and other
- Total assets, start of year
- $301,292
- Total assets, end of year
- $154,594
- Total liabilities, end of year
- $124,175
- Net assets, end of year
- $30,419
- Land, buildings and equipment
- $15,722
- Publicly traded securities
- $151
- Net assets without donor restrictions
- -$14,962
- Net assets with donor restrictions
- $45,381
- Gross receipts
- $1,170,561
- Employees
- 14
- Volunteers
- 20
- Year formed
- 1991
- State of legal domicile
- TX
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 |
|---|---|---|---|---|
| LOREN LYNCH | EXEC DIRECTOR Officer | 40 | $113,312 | $8,488 |
| LIZE BURR | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| TERRI BURKE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KATHLEEN MCELROY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| CARLTON CARL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK HORVIT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ASHLEY THOMAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER RAVELLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SKYE PERRYMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES CANUP | MANAGING DIRECTOR Officer | 40 | $25,357 | $2,910 |
| LOREN LYNCH | INTERIM EXEC DIRECTOR Officer | 40 | $11,625 | $0 |
| LIZE BURR | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| TERRI BURKE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CARLTON CARL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK HORVIT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATHLEEN MCELROY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER RAVELLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SKYE PERRYMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 54 CHICON ST, AUSTIN, TX 78702-5451
- In care of
- % REBECCA A RAPOPORT
- Principal officer (990 for 2024)
- ELIZABETH BURR, 54 CHICON STREET, AUSTIN, TX 78702
- Signed the 990
- ELIZABETH BURR, PRESIDENT
- Phone
- (512) 477-0746
- Website
- WWW.TEXASOBSERVER.ORG
- Return prepared by
- Allman & Associates Inc
Mission
TO FOSTER,PROMOTE AND ENCOURAGE THE ADVANCEMENT OF PUBLIC AFFAIRS, GOVERNMENT LITERATURE AND THE ARTS THROUGH THE PUBLICATION OF THE TEXAS OBSERVER, A PERIODICAL ADDRESSING PUBLIC AFFAIRS.
Program accomplishments
- PUBLISHED BI-MONTHLY JOURNAL, THE TEXAS OBSERVER, SERVING 3,500 SUBSCRIBERS, DISTRIBUTING AN ADDITIONAL 1,500 COPIES THROUGH BOOKSTORES. FURNISHED COPIES TO EDUCATIONAL INSTITUTIONS UPON REQUEST FOR USE IN CLASSROOMS.Expenses $871,958
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
- 74-2619883
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A33M)
- Assets (IRS master file)
- $154,594
- Income (IRS master file)
- $1,170,561
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,106,093 | $1,261,872 | $154,594 | XML |
| 990 | December 2023 | $1,385,336 | $1,589,670 | $301,292 | XML |
| 990 | December 2022 | $1,522,025 | $2,142,830 | $578,457 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 74-2619883).
Questions about THE TEXAS DEMOCRACY FOUNDATION
- What is the EIN of THE TEXAS DEMOCRACY FOUNDATION?
- The employer identification number (EIN) of THE TEXAS DEMOCRACY FOUNDATION is 74-2619883.
- Is THE TEXAS DEMOCRACY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to THE TEXAS DEMOCRACY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE TEXAS DEMOCRACY FOUNDATION 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 THE TEXAS DEMOCRACY FOUNDATION 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 THE TEXAS DEMOCRACY FOUNDATION 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 THE TEXAS DEMOCRACY FOUNDATION?
- The 990 for the year ended December 31, 2024 names ELIZABETH BURR.
- Who are the officers and directors of THE TEXAS DEMOCRACY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $113,312 (LOREN LYNCH, EXEC DIRECTOR).
- How much revenue does THE TEXAS DEMOCRACY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,106,093, expenses of $1,261,872 and total assets of $154,594 at year end.
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