New Democracy EIN 82-0957528 Form 990 (PDF) Claim this org

New Democracy

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Educates and advocates for civic engagement, supporting the center-left movement. For fiscal year 2024 it reported $394K in revenue, $1.2M in expenses, and $1.7M in net assets.Pt I

Type
Membership association · Community Development
Location
Washington, DC
Website
newdemocracy.net
Filings
2 on file (2021–2024)
Revenue
$394KFY2024
Expenses
$1.2M
Net assets
$1.7M
People
3
Filings
2
Updates
0
More identity details & actions ⌄
EIN  82-0957528 Membership association Washington, DC
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates and advocates for civic engagement, supporting the center-left movement.
Leadership
William Marshall · Director · $1.1M
Money in and out
$394K revenue, $1.2M expenses
Bottom line
-215% operating surplus
Membership & operating revenue · FY2024
Total revenue
$394K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$849K
Where spending went · Part IX cols B–D
Program services $0.42 Management & general $0.58
Operating surplus
-215%
revenue over expenses▼ -909% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Program spending
42%
of expenses reach member services▲ +447% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$394K
FY2024▼ -31%
Expenses
$1.2M
FY2024▲ +80%
Total assets
$1.7M
FY2024▲ ×17
Total liabilities
$0
FY2024
Total revenue
$394K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$849K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B42%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Democracy
EINHdr · item D82-0957528
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jnewdemocracy.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFJun 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$1,085,908Pt VII · Sec A
$297,600Pt VII · Sec A
$138,750Pt VII · Sec A

William Marshall’s $1.1M as Director is at the 100th percentile of top reported officer pay among 1711 $100K–1M community development 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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $528K of program spending, described in the organization's own filed words · FY2024.
01

New democracy focused on a variety of issues throughout 2024 and educated millions of americans through our advertisement campaign. Our compelling advertisements motivated americans to take action and engage in the civic process in unprecedented numbers.

$518Kprogram expense
02

Domestic and international conference series

$10Kprogram expense
03

Center for new liberalism, a digital-first grassroots movement of young people, is a part of new democracy. With over 70 chapters across the world, the new liberals civically engage at the local, state, and federal levels by creating affinity groups, educating their communities on important issues, and hosting forums to engage local…

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$336K · 85%
Investment income$59K · 15%
Contributions & grants85%$336K
Investment income15%$59K
Total revenueLn 12$394K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.42 Management & general $0.58
Program services42%$528K
Management & general58%$715K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$537K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.7M
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $1.2M
15.9 months
Where the money goes
Program services
Program services $528K · Total expenses $1.2M
42%
Management & General
Management & general $715K · Total expenses $1.2M
58%
Fundraising
Fundraising $0 · Total expenses $1.2M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $336K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $336K · Total revenue $394K
85%
Government reliance
Government grants — · Total revenue $394K
Earned-income share
Program service revenue $0 · Total revenue $394K
0%
Investment reliance
Investment income $59K · Total revenue $394K
+15%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $394K · Prior year $570K
-31%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $394K · Expenses $1.2M
-215%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
66%
People & payroll
Highest Reported Total Compensation
Individual William Marshall · Reported title DIRECTOR · Highest reported compensation $1.1M · Total expenses $1.2M
87%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.2M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 42%
Overhead ratio 58%
Fundraising cost ratio 0%
Revenue growth -31%
Investment management fee ratio 0.3%
Legal fee ratio 0.1%
Accounting fee ratio 0.7%

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 · this organization's grantmaking
Grants paid · 6 grants · $192K · 2021–2024
Democratic Lieutenant Governors AssociationFY2024$115,000
Abigail Spanberger for GovernorFY2024$25,000
Friends of Tobias ReadFY2024$12,500
Democratic Attorneys General AssociationFY2021$25,000
Unitemized GrantFY2021$7,500

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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)$394K revenue · viewing · ⤓ 990 PDF
FY2023not on file
FY2022not on file
FY2021$570K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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