NATIONAL ENDOWMENT FOR DEMOCRACY

EIN: 521344831 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$356,168,378
Total Expenses
$355,484,414
Total Assets
$106,498,091
Net Assets
$7,062,931
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
DC
Principal Officer
DAMON WILSON
Phone
2023789700
Tax Period
2023-10-01 to 2024-09-30

NATIONAL ENDOWMENT FOR DEMOCRACY, founded in 1983, is a major nonprofit in the Public & Societal Benefit sector that reported $356.2M in total revenue in fiscal year 2023.

Mission

NED HAS A SINGULAR MISSION - ADVANCING DEMOCRACY IN SUPPORT OF FREEDOM AROUND THE WORLD. OUR TARGETED, DEMAND-DRIVEN SMALL GRANTS PROGRAM RESPONDS TO THE NEEDS OF LOCAL NGOS THAT DEFEND HUMAN RIGHTS, STRENGTHEN INDEPENDENT MEDIA AND CIVIC EDUCATION, AND EMPOWER WOMEN AND YOUTH IN A MANNER THAT ENABLES THEM TO ESTABLISH CREDIBILITY AS DEMOCRATIZING FORCES IN THEIR OWN SOCIETIES. NED'S STATEMENT OF PRINCIPLES AND OBJECTIVES (1984): "DEMOCRACY INVOLVES THE RIGHT OF THE PEOPLE FREELY TO DETERMINE THEIR OWN DESTINY. THE EXERCISE OF THIS RIGHT REQUIRES A SYSTEM THAT GUARANTEES FREEDOM OF EXPRESSION, BELIEF AND ASSOCIATION, FREE AND COMPETITIVE ELECTIONS, RESPECT FOR THE INALIENABLE RIGHTS OF INDIVIDUALS AND MINORITIES, FREE COMMUNICATIONS MEDIA, AND THE RULE OF LAW."

Program Service Accomplishments

Program 1
Expenses: $112,428,797

EDUCATION, CULTURE, COMMUNICATION, AND FREEDOM OF EXPRESSION - THE ENDOWMENT FUNDS PROGRAMS THAT NOURISH A STRONG DEMOCRATIC CIVIC CULTURE. SUPPORT IS PROVIDED FOR CIVIC EDUCATION, TRAINING PROGRAMS...

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EDUCATION, CULTURE, COMMUNICATION, AND FREEDOM OF EXPRESSION - THE ENDOWMENT FUNDS PROGRAMS THAT NOURISH A STRONG DEMOCRATIC CIVIC CULTURE. SUPPORT IS PROVIDED FOR CIVIC EDUCATION, TRAINING PROGRAMS, PUBLICATIONS AND OTHER COMMUNICATION MEDIA.

Program 2
Expenses: $110,834,018 Revenue: $840,866

DEMOCRATIC GOVERNANCE AND POLITICAL PARTIES - THE ENDOWMENT SEEKS TO PROMOTE STRONG STABLE POLITICAL PARTIES COMMITTED TO THE DEMOCRATIC PROCESS.

Program 3
Expenses: $97,161,439

PLURALISM - THE ENDOWMENT ENCOURAGES THE DEVELOPMENT OF STRONG INDEPENDENT PRIVATE SECTOR INSTITUTIONS SUCH AS TRADE UNIONS, BUSINESS ASSOCIATIONS, CIVIC AND WOMEN'S ORGANIZATIONS.

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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 $355,086,461
Program Service Revenue $840,866
Investment Income $237,918
Other Revenue $3,133
TOTAL REVENUE $356,168,378

Expense Breakdown

Grants Paid $296,729,895
Salaries & Benefits $40,716,913
Fundraising Expenses $0
Program Expenses $320,424,254
Other Expenses $18,037,606
TOTAL EXPENSES $355,484,414

Year-over-Year Comparison

2023 2022 Change
Revenue $356,168,378 $363,001,576 0.0%
Expenses $355,484,414 $363,214,993 0.0%
Net Income $683,964 $-213,417 -4.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
29
Independent Members
29
Employees
336
Volunteers
32

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
9
$927,641
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR KENNETH WOLLACK CHAIRMAN 2.50
Officer Director
$0 $0 $0
THE HONORABLE DAVID E SKAGGS CO-VICE CHAIR 2.50
Officer Director
$0 $0 $0
THE HONORABLE PETER J ROSKAM CO-VICE CHAIR 2.50
Officer Director
$0 $0 $0
AMBASSADOR JENDAYI FRAZER SECRETARY/VICE CHAIR 2.50
Officer Director
$0 $0 $0
MARLENE COLUCCI ESQ TREASURER 2.50
Officer Director
$0 $0 $0
MS JESSICA ADELMAN DIRECTOR 2.00
Director
$0 $0 $0
MR STUART APPELBAUM DIRECTOR 1.00
Director
$0 $0 $0
MS ANNE APPLEBAUM DIRECTOR 1.00
Director
$0 $0 $0
AMBASSADOR LILIANA AYALDE DIRECTOR 1.00
Director
$0 $0 $0
DR ALYSSA AYRES DIRECTOR (AS OF 01/2024) 1.00
Director
$0 $0 $0
THE HONORABLE STEVE E BIEGUN DIRECTOR 1.00
Director
$0 $0 $0
MS ROXANNE BROWN DIRECTOR 1.00
Director
$0 $0 $0
MR SCOTT CARPENTER DIRECTOR 1.00
Director
$0 $0 $0
MR JOAQUIN CASTRO DIRECTOR 1.00
Director
$0 $0 $0
DR VICTOR CHA PHD DIRECTOR 1.00
Director
$0 $0 $0
AMBASSADOR KELLEY E CURRIE DIRECTOR 1.00
Director
$0 $0 $0
MS ELIZABETH ECONOMY DIRECTOR (AS OF 03/2024) 1.00
Director
$0 $0 $0
AMBASSADOR DANIEL FRIED DIRECTOR 1.00
Director
$0 $0 $0
MS AMANEY JAMAL DIRECTOR 1.00
Director
$0 $0 $0
DR RACHEL KLEINFELD DIRECTOR 1.00
Director
$0 $0 $0
THE HONORABLE MEL MARTINEZ DIRECTOR 0.00
Director
$0 $0 $0
AMBASSADOR VICTORIA NULAND DIRECTOR (AS OF 09/2024) 1.00
Director
$0 $0 $0
MR DAYTON OGDEN DIRECTOR 1.00
Director
$0 $0 $0
DR MINXIN PEI DIRECTOR 1.00
Director
$0 $0 $0
MR MARC PLATTNER DIRECTOR 1.00
Director
$0 $0 $0
DR NADIA SCHADLOW DIRECTOR 1.00
Director
$0 $0 $0
THE HONORABLE ELISE STEFANIK DIRECTOR 1.00
Director
$0 $0 $0
DR SCOTT D TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
MR JUAN ZARATE DIRECTOR (AS OF 03/2024) 1.00
Director
$0 $0 $0
MR DAMON WILSON PRESIDENT & CEO 40.00
Officer
$395,874 $73,934 $469,808
MR MAJU VARGHESE CHIEF OPERATING OFFICER (THRU 10/23) 40.00
Officer
$239,366 $24,048 $263,414
MS REBECCA VARGHESE CHIEF FINANCIAL OFFICER 40.00
Officer
$162,579 $31,840 $194,419
SHEILA CROWLEY COO (AS OF 04/24) 40.00
Officer
$0 $0 $0
MR BRIAN JOSEPH VP, PROGRAMS 40.00
Highest
$246,909 $60,491 $307,400
MR CHRISTOPHER T WALKER VP, STUDIES AND ANALYSIS 40.00
Highest
$235,293 $66,671 $301,964
MS NANCY HERZOG VP, GRANT OPERATIONS AND EVAL. 40.00
Highest
$236,136 $65,592 $301,728
MR WILLIAM DOBSON CO-EDITOR 40.00
Highest
$213,873 $54,741 $268,614
MS KIRSTEN MADISON VP, GOVERNMENT RELATIONS 40.00
Highest
$228,106 $43,362 $271,468
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 $356,168,378 $355,484,414 $106,498,091 $683,964
2023 $363,001,576 $363,214,993 $126,077,130 $-213,417
2022 $322,186,225 $322,805,657 $107,359,443 $-619,432
2021 $253,595,252 $252,429,966 $118,250,668 $1,165,286
2020 $92,352,440 $90,813,356 $128,355,467 $1,539,084
2019 $197,425,890 $196,835,030 $143,341,427 $590,860
2018 $188,655,163 $188,593,811 $129,090,220 $61,352
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