The Democracy Collaborative Foundation EIN 20-0387511 Form 990 (PDF) Claim this org

The Democracy Collaborative Foundation FY2023 filing

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Promotes local wealth-building innovations to strengthen community democracy and economic stability. For fiscal year 2023 it reported $3.9M in revenue, $2.5M in expenses, and $1.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Cleveland, OH
Website
www.democracycollaborative.org
Filings
5 on file (2020–2023)
Revenue
$3.9MFY2023
Expenses
$2.5M
Net assets
$1.3M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-0387511 Public charity (501(c)(3)) Cleveland, OH
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes local wealth-building innovations to strengthen community democracy and economic stability.
Leadership
Stephanie McHenry · Chief Financial Officer · $158K
Money in and out
$3.9M revenue, $2.5M expenses
Bottom line
62% program efficiency
Where the money goes · FY2023
Total revenue
$3.9M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.4M
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.30 Fundraising $0.08
Program efficiency
62%
of spending reaches programs
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$3.9M
FY2023▲ +5%
Expenses
$2.5M
FY2023▼ -36%
Total assets
$2.7M
FY2023▲ +49%
Total liabilities
$1.4M
FY2023▼ -27%
Total revenue
$3.9M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.4M
Total assetsPt X · Ln 16$2.7M
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $1.5M of program spending, described in the organization's own filed words · FY2023.
01

Community Wealth Building

In 2023, TDC established majornetworks as part of its community wealth building (CWB) strategy. This strategy's purpose is to create a pathway to a more democratic economy, which benefits low income communities. The role of networks is critical to the advancement of CWB.

$1.1Mprogram expense
02

Theory, Research and Policy Programs

In our next system studies progam we collaborated with george mason university to advance the work of the NSS program. This included key research and student SUPPORT.WE engaged in planning a major learning lab to be held in the 1SR quarter of 2024.

$460Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Democracy Collaborative Foundation
EINHdr · item D20-0387511
Principal addressHdr · item CCleveland, OH
WebsiteHdr · item Jwww.democracycollaborative.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B032)
Ruling yearIRS BMFMay 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Financial Officer
$157,892Pt VII · Sec A
President
$151,203Pt VII · Sec A
Future President
$135,447Pt VII · Sec A
Executive in Residence
$121,751Pt VII · Sec A
$108,892Pt VII · Sec A
Senior Fellow
$106,372Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephanie McHenry’s $166K as CEO is at the 97th percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ted Howard$151,203$205,280$221,072$215,063
Stephanie McHenry$166,034$157,892$175,087$182,706
Leslie Harroun$121,751$175,093$157,205
Gar Alperovitz$124,392$171,727$170,837
Marjorie Kelly$106,372$133,214$170,043$139,956
David Zuckerman$167,943$104,033
Joe Guinan$147,559$135,447$135,517$124,200
Jessica Rose$130,109

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$3.8M · 98%
Program service revenue$43K · 1%
Other revenue$47K · 1%
Contributions & grants98%$3.8M
Program service revenue1%$43K
Other revenue1%$47K
Total revenueLn 12$3.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.30 Fundraising $0.08
Program services62%$1.5M
Management & general30%$739K
Fundraising8%$190K
Total functional expensesLn 25$2.5M

Balance Sheet

Part X · end of year
CashLn 1$442K
Total assetsLn 16$2.7M
Total liabilitiesLn 26$1.4M
Total net assetsLn 32$1.3M
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $442K · Operating expenses (Pt IX) $2.5M · Less non-cash grants $30K · Cash operating expenses/yr $2.4M
2.2 months
Where the money goes
Program services
Program services $1.5M · Total expenses $2.5M
62%
Management & General
Management & general $739K · Total expenses $2.5M
30%
Fundraising
Fundraising $190K · Total expenses $2.5M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $97K · Solicited contributions (3-yr avg) $3.1M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.8M · Total revenue $3.9M
98%
Government reliance
Government grants — · Total revenue $3.9M
Earned-income share
Program service revenue $43K · Total revenue $3.9M
1%
Investment reliance
Investment income $-3K · Total revenue $3.9M
-0.07%
Program self-sufficiency
Program service revenue $43K · Total expenses $2.5M
2%
Growth & trend
Revenue growth (YoY)
This year $3.9M · Prior year $3.7M
+5%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.9M · Expenses $2.5M
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $2.7M
Net-asset ratio
Net assets $1.3M · Total assets $2.7M
47%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephanie McHenry · Reported title CHIEF FINANCIAL OFFICER · Highest reported compensation $158K · Total expenses $2.5M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.5M · Total expenses $2.5M
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 30%
Fundraising cost ratio 5%
Revenue growth 5%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$125K
Grants paid · 1 grant · $200K · 2022–2022
George Mason UniversityFY2022$200,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$958K revenue · ⤓ 990 PDF
FY2023$3.9M revenue · viewing · ⤓ 990 PDF
FY2022$3.7M revenue · ⤓ 990 PDF
FY2021$2.3M revenue · ⤓ 990 PDF
FY2020$2.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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