Nonprofit · EIN 87-1133953
DEMOCRACY CHAIN
Also known as VISUAL ART SOURCE
Tax-exempt · THOUSAND OAKS, CA 91360
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $49,164 | $45,316 | $3,848 | $15,180 | – | $15,180 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $15,742
- Program service revenue
- $33,422
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $45,316
- Program services (functional)
- $28,600
Balance sheet and other
- Total assets, start of year
- $11,332
- Total assets, end of year
- $15,180
- Total liabilities, end of year
- –
- Net assets, end of year
- $15,180
- Cash, savings and investments
- $15,180
- Gross receipts
- $49,164
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bill Lasarow | President and Publisher | 6 | $0 |
| Peter Frank | Director | 2 | $0 |
| Margaret Hawkins | Director | 0 | $0 |
| Caroline Picard | Director | 0 | $0 |
| DeWitt Cheng | Director | 0 | $0 |
| Mark Van Proyen | Director | 0 | $0 |
| Richard Speer | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 231 CEDAR HEIGHTS DR, THOUSAND OAKS, CA 91360-1756
- Mailing address (990-N for 2024)
- 231 Cedar Heights Dr, Thousand Oaks CA 91360
- Principal officer (990-N for 2024)
- Bill Lasarow, 231 Cedar Heights Dr, Thousand Oaks CA 91360
- Signed the 990-EZ
- Bill Lasarow, President and Publisher
California records
California keeps its own records of charities and corporations. Search them by EIN 87-1133953 or by the name DEMOCRACY CHAIN.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Digital publication of art reviews and public issue commentary.
Program accomplishments
- Visual Art Source publishes two issues of the VAS eNewsletter per month. Each is emailed to ca. 30,000 subscribers. Each article is then published to the visualartsource.org website.Expenses $8,200
- The Democracy Chain publishes a monthly TDC eJournal. Each is emailed to ca. 30,000 subscribers in the Western U.S. Exclusive and Group Announcements are offered featuring current art exhibitions presented at the sponsoring venues.Expenses $9,400
- The VAS Email Announcement Service is offered tro art galleries and musems in the Westewr U.S.Visual Art Source publishes two issues of the VAS eNewsletter per month. Each is emailed to ca. 30,000 subscribers. Each article is then published to the visualartsource.org website.Expenses $11,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-1133953
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A33)
- Assets (IRS master file)
- $15,180
- Income (IRS master file)
- $49,164
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $49,164 | $45,316 | $15,180 | XML |
| 990-N for 2024 Officer: Bill Lasarow | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $61,465 | $72,115 | $657 | IRS |
| 990-N for 2022 Officer: Bill Lasarow | December 31, 2022 | ≤ $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 87-1133953).
Questions about DEMOCRACY CHAIN
- What is the EIN of DEMOCRACY CHAIN?
- The employer identification number (EIN) of DEMOCRACY CHAIN is 87-1133953.
- Is DEMOCRACY CHAIN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to DEMOCRACY CHAIN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEMOCRACY CHAIN file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DEMOCRACY CHAIN 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 DEMOCRACY CHAIN last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of DEMOCRACY CHAIN?
- The 990-N for 2024 names Bill Lasarow.
- Who are the officers and directors of DEMOCRACY CHAIN?
- The 990-EZ for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does DEMOCRACY CHAIN have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $49,164, expenses of $45,316 and total assets of $15,180 at year end.
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All nonprofits in THOUSAND OAKS · California · Arts, culture and humanities