Democracyfirst: Nonprofit Profile, Financials & Form 990 (EIN 88-1027253)

Revenue by fiscal year
FY2022	$5.6M
FY2023	$4.4M
FY2024	$3.8M
FY2025	$9.0M

Expenses by fiscal year
FY2022	$3.4M
FY2023	$6.2M
FY2024	$3.1M
FY2025	$10.1M

Net assets by fiscal year
FY2022	$2.1M
FY2023	$357K
FY2024	$1.1M
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

56 cents of each dollar spent went to programs.

56%

44%

Program services 56% · $5.7M Management & general 44% · $4.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Jordan Wood

President/Director

$0Pt VII · Sec A

Mark Bailey

Treasurer/Director

$0Pt VII · Sec A

Christine Holt

Director

$0Pt VII · Sec A

Todd Rubin

Director

$0Pt VII · Sec A

See Democracyfirst executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores public trust in elections, protects fair voting, and renews pro-democracy consensus.

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Provided by the organization

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1 program · $5.7M · in their own filed words · FY2024

01

Democracyfirst invested in pro-democracy organizations working to protect the freedom to vote, prevent the manipulation of our electoral processes, improve election security, and hold public officials accountable.

$5.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Turnout Action FundFY2025$250K

Total grants receivedfrom 1 funder$250K

Grants paid · 54 grants · $11.8M · 2021–2024

Democracyfirst PacFY2024$1,000,000

Common Sense New YorkFY2024$400,000

Women4usFY2024$100,000

Defend the Vote Action FundMD · FY2024$100,000

Defending Main Street SuperpacFY2024$25,000

Common Sense New YorkFY2023$500,000

Pro-Democracy CampaignMA · FY2023$200,000

Democracyfirst PacFY2023$150,000

Organizing Empowerment Fund INCWI · FY2023$40,000

Better Nevada PacFY2023$20,000

Activate 48 Education FundAZ · FY2022$750,000

Promote the VoteFY2022$650,000

Future Forward USA ActionDC · FY2022$500,000

Faith in MinnesotaFY2022$450,000

Citizen Action of New York INCNY · FY2022$450,000

Ohio Progressive CollaborativeOH · FY2022$400,000

Florida Rising INCFL · FY2022$300,000

America VotesDC · FY2022$290,000

See all 54 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$9.0M

Ln 12

Gifts and grantsLn 1h$9.0M

Money outPt IX

$10.1M

Ln 25

Programscol B$5.7M

Managementcol C$4.5M

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$9.0M

Total revenueLn 12$9.0M

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 51

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$1.5M	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$1.5M	$0
LiabilitiesLn 26	$411K	$0
Net assetsLn 32	$1.1M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.6M	$1.6M
Other salaries and wagesLn 7	$114K		$114K
Other employee benefitsLn 9	$10K		$10K
Payroll taxesLn 10	$54K		$54K
Management feesLn 11a	$380K		$380K
Legal feesLn 11b	$26K		$26K
Accounting feesLn 11c	$81K		$81K
Other fees for servicesLn 11g	$348K	$301K	$48K
Advertising and promotionLn 12	$7.3M	$3.7M	$3.6M
Information technologyLn 14	$20K		$20K
TravelLn 17	$76K		$76K
InsuranceLn 23	$45K		$45K
Other expenses (24a–d)Ln 24	$4K		$4K
Total functional expensesLn 25	$10.1M	$5.7M	$4.5M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$9.0M	$10.1M	−$1.1M	$0	990 PDF
FY2024	$3.8M	$3.1M	$714K	$1.1M	990 PDF
FY2023	$4.4M	$6.2M	−$1.8M	$357K	990 PDF
FY2022	$5.6M	$3.4M	$2.1M	$2.1M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $9,040,572 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,775,287$9,040,572

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $3,775,287$9,040,572

I-13 Grants and similar amounts paidPrior year $910,000$1,625,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $143,576$177,344

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,007,858$8,309,414

I-18 Total expensesPrior year $3,061,434$10,111,758

I-19 Revenue less expensesPrior year $713,853−$1,071,186

Part VI · Governance 3 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $9,040,572 across 3 lines filed

VIII-1f All other contributions, gifts and grants$9,040,572

VIII-1h Total contributions, gifts and grants$9,040,572

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$9,040,572

Part IX · Statement of functional expenses $10,111,758 across 13 lines filed

IX-1 Grants to domestic organizationsPrograms $1,625,000$1,625,000

IX-7 Other salaries and wagesManagement $113,800$113,800

IX-9 Other employee benefitsManagement $10,043$10,043

IX-10 Payroll taxesManagement $53,501$53,501

IX-11a Management feesManagement $380,083$380,083

IX-11b Legal feesManagement $25,964$25,964

IX-11c Accounting feesManagement $80,924$80,924

IX-11g Other fees for servicesPrograms $300,550 · Management $47,685$348,235

IX-12 Advertising and promotionPrograms $3,727,980 · Management $3,601,673$7,329,653

IX-14 Information technologyManagement $20,202$20,202

IX-17 TravelManagement $75,521$75,521

IX-23 InsuranceManagement $44,893$44,893

IX-24 Other expenses (24a–d)Management $3,939$3,939

IX-25 Total functional expensesPrograms $5,653,530 · Management $4,458,228 · Fundraising $0$10,111,758

Part X · Balance sheet $0 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $1,482,253$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $1,482,253$0

X-17 Accounts payable and accrued expensesStart of year $411,067$0

X-26 Total liabilitiesStart of year $411,067$0

X-27 Net assets without donor restrictionsStart of year $1,071,186$0

X-32 Total net assets or fund balancesStart of year $1,071,186$0

X-33 Total liabilities and net assetsStart of year $1,482,253$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$9,040,572

XI-2 Total expenses$10,111,758

XI-3 Revenue less expenses−$1,071,186

XI-4 Net assets at start of year$1,071,186

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Democracyfirst

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Democracyfirst

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV