Democracy Fund Voice Inc

EIN: 465051755 Public & Societal Benefit

Washington, DC

Total Revenue
$28,799,967
Total Expenses
$20,332,900
Total Assets
$20,306,508
Net Assets
$14,114,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DE
Principal Officer
Joseph Goldman
Phone
2024207943
Tax Period
2023-01-01 to 2023-12-31

Democracy Fund Voice Inc, founded in 2014, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $28.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 29% operating margin.

Mission

Democracy Fund Voice is an organization established in 2014 to conduct and support advocacy that will produce a stronger, healthier democracy in the United States.

Program Service Accomplishments

Program 1
Expenses: $9,417,958

Free and Fair Elections:Voting is the single most significant way Americans exercise our political power. Every eligible citizen should have an equal opportunity to participate in elections that are...

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Free and Fair Elections:Voting is the single most significant way Americans exercise our political power. Every eligible citizen should have an equal opportunity to participate in elections that are free and fair, as well as efficient and secure. Implementing accessible and trustworthy elections is an immense undertaking, but the American election system is also challenged by persistent barriers to voting for historically excluded communities and beset by unprecedented new threats. Our Elections program works toward a strong and modern voting system that increases voter confidence and engagement.

Program 2
Expenses: $2,274,700

Vibrant and Diverse Public Square:No matter where they live or who they are, Americans should be able to get the news and information they need to engage in civic life and to use their voices without...

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Vibrant and Diverse Public Square:No matter where they live or who they are, Americans should be able to get the news and information they need to engage in civic life and to use their voices without fear of being harassed or silenced. The rapidly evolving media landscape presents new challenges and opportunities for our communities. Our Public Square program responds by supporting trustworthy local news and investigative reporting, more equitable newsrooms, press freedom, community engagement, and digital spaces that advance democracy, not hate.

Program 3
Expenses: $3,157,908

Effective, Representative, and Accountable Governance:American democracy depends on a government that represents the interests of the people in all of our diversity one that is prepared to act on our...

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Effective, Representative, and Accountable Governance:American democracy depends on a government that represents the interests of the people in all of our diversity one that is prepared to act on our behalf and that is held accountable when it does not. However, extreme polarization limits our ability to achieve shared priorities. Partisan politics and significant institutional decline have led to government dysfunction and gridlock. Our Governance program promotes the principled leadership and strong institutions our governing system needs to act in the interests of the American people.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,499,781
Program Service Revenue $0
Investment Income $300,186
Other Revenue $0
TOTAL REVENUE $28,799,967

Expense Breakdown

Grants Paid $16,475,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,027,460
Other Expenses $3,857,900
TOTAL EXPENSES $20,332,900

Year-over-Year Comparison

2023 2022 Change
Revenue $28,799,967 $23,547,364 +0.2%
Expenses $20,332,900 $18,719,284 +0.1%
Net Income $8,467,067 $4,828,080 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,170,435
Total Directors
5
$20,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robinson Jacobs Director 1.75
Director
$0 $0 $0
Patricia L Christen Chairman 0.42
Director
$0 $0 $0
Deepak Bhargava as of March Director 0.25
Director
$0 $0 $20,000
Stacy Donohue through March Director 0.25
Director
$0 $0 $0
Jeff Alvord through March Director 1.46
Director
$0 $0 $0
Joseph Goldman President & CEO 8.00
Officer
$0 $54,505 $576,918
Deepa Isac General Counsel & Secretary 4.00
Officer
$0 $37,019 $330,542
Robin Thompson Treasurer & Sr Director of Finance 4.00
Officer
$0 $32,562 $262,975
Thomas Glaisyer Managing Program Director 8.00
Highest
$0 $38,897 $343,216
Laura Chambers Chief Operating Officer 4.00
Highest
$0 $45,101 $439,863
Lauren Strayer Managing Communications Director 5.00
Highest
$0 $31,740 $312,470
Kelly Reed Deputy Chief Operating Officer 4.00
Highest
$0 $34,955 $312,552
Lara Flint Managing Program Director 6.00
Highest
$0 $38,515 $340,837
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $28,799,967 $20,332,900 $20,306,508 $8,467,067
2022 $23,547,364 $18,719,284 $9,579,184 $4,828,080
2021 $19,697,419 $17,988,374 $4,065,854 $1,709,045
2020 $14,743,220 $15,352,680 $1,287,313 $-609,460
2019 $9,349,217 $8,931,813 $1,320,076 $417,404
2018 $5,650,017 $6,259,897 $508,815 $-609,880
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