State Democracy Project EIN 52-2003442 Form 990 (PDF) Claim this org

State Democracy Project FY2021 filing

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Educates the public and policymakers on improving democracy through citizen participation and responsive government. For fiscal year 2021 it reported $486K in revenue, $673K in expenses, and $787K in net assets.Pt I

Founded
1996
Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Brooklyn, NY
Filings
5 on file (2020–2021)
Revenue
$486KFY2021
Expenses
$673K
Net assets
$787K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-2003442 Public charity (501(c)(3)) Brooklyn, NY Founded 1996
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/9/26 · see original: IRS
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Size
$10–100M
What they do
Educates the public and policymakers on improving democracy through citizen participation and responsive government.
Leadership
Rajan Narang · Executive Director and President · $165K
Money in and out
$486K revenue, $673K expenses
Bottom line
84% program efficiency
Where the money goes · FY2021
Total revenue
$486K
Pt VIII · Ln 12
Total expenses
$673K
Pt IX · Ln 25
Net assets
$787K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$187K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.13 Fundraising $0.03
Program efficiency
84%
of spending reaches programs
Operating runway
14.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$486K
FY2021▼ -70%
Expenses
$673K
FY2021▼ -8%
Total assets
$803K
FY2021▼ -18%
Total liabilities
$15K
FY2021▲ +332%
Total revenue
$486K
Pt VIII · Ln 12
Total expenses
$673K
Pt IX · Ln 25
Net assets
$787K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$187K
Total assetsPt X · Ln 16$803K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CState Democracy Project
EINHdr · item D52-2003442
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1996
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W200)
Ruling yearIRS BMFMar 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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
Executive Director and President
$165,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer & Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Yong Jung Cho’s $170K as Ed of Sdp's Bprc Project is at the 14th percentile of top reported officer pay among 232 $10–100M public & societal benefit 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Yong Jung Cho$170,000
Rajan Narang$70,469$165,000
Miles Rapoport as of April$133,654
Raaheela Ahmed as of March$112,891
Beth Schulman$85,000$59,094$31,875
Young Jung Cho$28,619
Rajan Narang Executive Director$13,797

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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Mission & Programs · Part III

Where the work happens

2 program services account for $566K of program spending, described in the organization's own filed words · FY2021.
01

State Reform Program

SDP is a collaborative effort to advance and advocate for a more robust democracy, including several national organizations with local affiliates or partners. In 2021 the national organizations collaborating in this effort included the center for popular democracy, planned parenthood, the naacp, state voices, and the working families…

$540Kprogram expense
02

Communications, strategy, policy research, and outreach programs- these efforts supported state citizen engagement and advocacy in efforts to reform the rules governing democratic participation.

$26Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$486K
Other revenue$400
Total revenueLn 12$486K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.13 Fundraising $0.03
Program services84%$566K
Management & general13%$87K
Fundraising3%$20K
Total functional expensesLn 25$673K

Balance Sheet

Part X · end of year
CashLn 1$786K
Total assetsLn 16$803K
Total liabilitiesLn 26$15K
Total net assetsLn 32$787K
Months of cash on handcomputed14.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $786K · Operating expenses/yr $673K
14.0 months
Where the money goes
Program services
Program services $566K · Total expenses $673K
84%
Management & General
Management & general $87K · Total expenses $673K
13%
Fundraising
Fundraising $20K · Total expenses $673K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $34K · Solicited contributions (2-yr avg) $1.0M
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $486K · Total revenue $486K
100%
Government reliance
Government grants — · Total revenue $486K
Earned-income share
Program service revenue $0 · Total revenue $486K
0%
Investment reliance
Investment income $0 · Total revenue $486K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $673K
0%
Growth & trend
Revenue growth (YoY)
This year $486K · Prior year $1.6M
-70%
Net-asset trend (YoY)
End of year $787K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $486K · Expenses $673K
-38%
Liabilities-to-Assets
Total liabilities — · Total assets $803K
Net-asset ratio
Net assets $787K · Total assets $803K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $803K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rajan Narang · Reported title EXECUTIVE DIRECTOR AND PRESIDENT · Highest reported compensation $165K · Total expenses $673K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $263K · Total expenses $673K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 13%
Fundraising cost ratio 4%
Revenue growth -70%
Legal fee ratio 0.3%
Accounting fee ratio 9%

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$12K
Grants paid · 59 grants · $66.4M · 2020–2024
Working Families Organization INCNY · FY2024$29,888,301
Working Families Organization INCNY · FY2024$1,519,019
Be a Hero Education FundNY · FY2024$1,364,769
New Georgia Project IncorporatedGA · FY2024$1,000,000
Wisdom INCWI · FY2024$380,000
Black Men BuildFY2024$366,685
Carolina Federation FundNC · FY2024$300,000
Center for Community ChangeDC · FY2024$200,000
Grassroots ArkansasFY2024$137,984
People's Action InstituteIL · FY2024$125,000
Voces De La Frontera INCWI · FY2024$100,000
Un-Pac ActionCA · FY2024$98,000
See all 59 grants →

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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)$50.1M revenue · ⤓ 990 PDF
FY2023$19.7M revenue · ⤓ 990 PDF
FY2022$1.9M revenue · ⤓ 990 PDF
FY2021$486K revenue · viewing · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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