Providing nonpartisan education to voters and legislators about the importance of democratic principles

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$180K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $6.2M a year · 56% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$180K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
21 mo
of spending, in cash
Looks good: 21.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $14.7M
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.0M
+69% vs prior year
Spent
$6.0M
To programs
98%
Net assets
$10.6M
By yearFY2023–FY2025
Revenue
$11.0M
FY2024▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2023$6.5M
FY2024$11.0M
FY2025$15.3M
Expenses
$6.0M
FY2024▲ +457%
Tap a bar for its year
Expenses by fiscal year
FY2023$1.1M
FY2024$6.0M
FY2025$7.4M
Net assets
$10.6M
FY2024▲ +93%
Tap a bar for its year
Net assets by fiscal year
FY2023$5.5M
FY2024$10.6M
FY2025$18.9M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2022.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $5.8M Management & general 1% · $71K Fundraising 1% · $53K

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

6 people listed on the 990; $180K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$120,000Pt VII · Sec A
Secretary and Treasurer
$60,000Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marguerite Jimenez’s $205K as Vice President is at the 36th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 3 named individuals · Part VII

NameFY2025FY2024
Marguerite Jimenez$205,151—
Daniel Squadron$120,000$120,000
Lauren Ellis$50,000$60,000

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.

See Future Now Institute 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

Educates voters and legislators on democratic principles.

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Provided by the organization

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1 program · $5.8M · in their own filed words · FY2023
01

Provided nonpartisan education to voters and legislators about the importance of democractic principles

$5.8Mprogram 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 · FY2024
See all 9 funders →
Grants paid · 7 grants · $9.9M · 2022–2024
Future Now ActionDC · FY2024$4,100,000
Future Now ActionDC · FY2023$5,200,000
Beacon MediaNC · FY2023$20,000
Partners in Democracy INCMA · FY2023$20,000
Michigan Future INCMI · FY2023$20,000
Global ImpactDC · FY2023$10,000
Future Now ActionDC · FY2022$500,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.0M
Ln 12
Gifts and grantsLn 1h$10.8M
Investment incomeLn 3$279K
Money outPt IX
$6.0M
Ln 25
Programscol B$5.8M
Managementcol C$71K
Fundraisingcol D$53K
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$10.6M
Total assetsLn 16$10.6M
LiabilitiesLn 26$25K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.8M
Noncash giftsLn 1g$377K
Investment incomeLn 3$279K
Gains on assetsLn 7−$2K
Total revenueLn 12$11.0M
Assets in detailPt X, end of year
CashLn 1$252K
SavingsLn 2$10.3M
Cash and savings togetherLn 1–2$10.6M
Total assetsLn 16$10.6M
LiabilitiesLn 26$25K
Net assetsLn 32$10.6M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5.5M$10.6M
Total assetsLn 16$5.5M$10.6M
LiabilitiesLn 26$0$25K
Net assetsLn 32$5.5M$10.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.3M$5.3M
Pay of current officers, directors and key staffLn 5$90K$90K
Other salaries and wagesLn 7$193K$193K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$15K$15K
Payroll taxesLn 10$22K$22K
Management feesLn 11a$30K$30K
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$34K$34K
Professional fundraising feesLn 11e$53K$53K
Other fees for servicesLn 11g$204K$204K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$6.0M$5.8M$71K$53K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $15.3M$7.4M$7.9M$18.9M 990 PDF
FY2024 Viewing $11.0M$6.0M$5.1M$10.6M 990 PDF
FY2023 $6.5M$1.1M$5.5M$5.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $11,045,264 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,530,600$10,766,025
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$279,239
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,530,600$11,045,264
I-13 Grants and similar amounts paidPrior year $500,000$5,270,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $115,193$323,096
I-16a Professional fundraising feesPrior year $0$52,762
I-17 Other expensesPrior year $452,629$305,799
I-18 Total expensesPrior year $1,067,822$5,951,657
I-19 Revenue less expensesPrior year $5,462,778$5,093,607
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $11,045,264 across 6 lines filed
VIII-1f All other contributions, gifts and grants$10,766,025
VIII-1g Noncash contributions (included above)$377,275
VIII-1h Total contributions, gifts and grants$10,766,025
VIII-3 Investment incomeExcluded from tax $281,317$281,317
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,078−$2,078
VIII-12 Total revenueRelated to mission −$2,078 · Unrelated business $0 · Excluded from tax $281,317$11,045,264
Part IX · Statement of functional expenses $5,951,657 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $5,270,000$5,270,000
IX-5 Pay of current officers, directors and key staffPrograms $90,000$90,000
IX-7 Other salaries and wagesPrograms $192,860$192,860
IX-8 Pension plan contributionsPrograms $3,397$3,397
IX-9 Other employee benefitsPrograms $14,591$14,591
IX-10 Payroll taxesPrograms $22,248$22,248
IX-11a Management feesPrograms $30,000$30,000
IX-11b Legal feesManagement $21,243$21,243
IX-11c Accounting feesManagement $33,834$33,834
IX-11e Professional fundraising feesFundraising $52,762$52,762
IX-11g Other fees for servicesPrograms $204,430$204,430
IX-23 InsuranceManagement $15,036$15,036
IX-24 Other expenses (24a–d)Management $1,256$1,256
IX-25 Total functional expensesPrograms $5,827,526 · Management $71,369 · Fundraising $52,762$5,951,657
Part X · Balance sheet $10,581,467 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $5,462,778$252,275
X-2 Savings and temporary cash investments$10,329,192
X-16 Total assetsStart of year $5,462,778$10,581,467
X-17 Accounts payable and accrued expenses$25,082
X-26 Total liabilitiesStart of year $0$25,082
X-27 Net assets without donor restrictionsStart of year $5,462,778$10,556,385
X-32 Total net assets or fund balancesStart of year $5,462,778$10,556,385
X-33 Total liabilities and net assetsStart of year $5,462,778$10,581,467
Part XI · Reconciliation of net assets $10,556,385 net assets at year end
XI-1 Total revenue$11,045,264
XI-2 Total expenses$5,951,657
XI-3 Revenue less expenses$5,093,607
XI-4 Net assets at start of year$5,462,778
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,556,385

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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