FREE DEMOCRACY FOUNDATION

EIN: 921252510 501(c)(3) Public & Societal Benefit

ARVADA, CO

Total Revenue
$1,664,436
Total Expenses
$1,664,260
Total Assets
$176
Net Assets
$176
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DC
Principal Officer
JOCELYN BUCARO
Phone
3122829989
Tax Period
2023-01-01 to 2023-12-31

FREE DEMOCRACY FOUNDATION, founded in 2022, is a community nonprofit in the Public & Societal Benefit sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

TO ADVANCE NEW AND VERIFIABLE DIGITAL VOTING TECHNOLOGY TO ENSURE ALL ELIGIBLE VOTERS IN THE U.S. CAN EXERCISE THEIR RIGHT TO VOTE. THIS TECHNOLOGY WILL EXPAND THE RIGHT TO VOTE BY PERMITTING MORE PEOPLE, WHO OTHERWISE CANNOT VOTE DUE TO DISABILITY, OLD AGE, TIME CONSTRAINTS, OR OTHERWISE, TO EXERCISE THEIR RIGHT TO VOTE.

Program Service Accomplishments

Program 1
Expenses: $1,543,894

RESEARCH AND DEVELOPMENT PROJECT TO BUILD NEW TECHNOLOGY THAT WILL ENABLE DISADVANTAGED VOTERS TO CAST A BALLOT FROM A MOBILE DEVICE AND INDEPENDENTLY VERIFY THEIR BALLOT IS SECURE.

Program 2
Expenses: $65,000

MOCK ELECTION PROGRAM TO TEST THE USABILITY AND ACCESSIBILITY OF THE NEW TECHNOLOGY, EDUCATE TARGETED USERS ON THE SECURITY FEATURES AND BENEFITS, AND COLLECT FEEDBACK ON HOW TO IMPROVE THE...

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MOCK ELECTION PROGRAM TO TEST THE USABILITY AND ACCESSIBILITY OF THE NEW TECHNOLOGY, EDUCATE TARGETED USERS ON THE SECURITY FEATURES AND BENEFITS, AND COLLECT FEEDBACK ON HOW TO IMPROVE THE TECHNOLOGY.

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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 $1,664,436
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,664,436

Expense Breakdown

Grants Paid $65,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,608,894
Other Expenses $1,599,260
TOTAL EXPENSES $1,664,260

Year-over-Year Comparison

2023 2022 Change
Revenue $1,664,436 N/A N/A
Expenses $1,664,260 N/A N/A
Net Income $176 $0 N/A
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
15

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
2
$97,960
Total Directors
3
$97,960
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOCELYN BUCARO PRESIDENT 20.00
Officer Director
$0 $8,801 $97,960
VEN MEDABALMI DIRECTOR 0.25
Director
$0 $0 $0
SAM KINCH DIRECTOR 0.25
Director
$0 $0 $0
GABE TUSK TREASURER 0.25
Officer
$0 $0 $0
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 $1,664,436 $1,664,260 $176 $176
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