Democracyatwork Info
- Assets
- $603.3k
- Revenue
- $397.0k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 04/2014
- Data as of
- 12/2022
- EIN
- 45-5484405
Organization Overview
Democracyatwork Info is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Democracyatwork Info employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democracyatwork Info is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Democracyatwork Info generated $397.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $372.2k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS WORKING TO EDUCATE THE GENERAL PUBLIC ABOUT DEMOCRATICALLY ORGANIZED INSTITUTIONS AND COMMUNITIES, GIVING A FAIR AND BALANCED UNDERSTANDING OF THE PROS AND CONS OF SUCH WAYS OF ORGANIZING ECONOMIC AND SOCIAL LIFE. THE ORGANIZATION PROMOTES A DISCUSSION AND DEBATE AROUND ECONOMIC DEMOCRACY IN ORDER TO PROMOTE THE CREATION AND EXPANSION OF WORKERS' SELF-DIRECTED ENTERPRISE (WSDE'S).
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM: THE ORGANIZATION IS WORKING TO EDUCATE THE GENERAL PUBLIC ABOUT DEMOCRATICALLY ORGANIZED INSTITUTIONS AND COMMUNITIES, GIVING A FAIR AND BALANCED UNDERSTANDING OF THE PROS AND CONS OF SUCH WAYS OF ORGANIZING ECONOMIC AND SOCIAL LIFE. THE ORGANIZATION PROMOTES A DISCUSSION AND DEBATE AROUND ECONOMIC DEMOCRACY IN ORDER TO PROMOTE THE CREATION AND EXPANSION OF WORKERS' SELF-DIRECTED ENTERPRISE (WSDE'S).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben August Board Member | Trustee | 10 | $0 |
Julianna Forlano Board Member | Trustee | 1 | $0 |
Richard D Wolff President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,517 |
| Total Program Service Revenue | $27,310 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $189 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,194 |
| Payroll taxes | $17,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,479 |
| Fees for services: Accounting | $15,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,049 |
| Advertising and promotion | $0 |
| Office expenses | $7,699 |
| Information technology | $17,062 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $338 |
| Interest | $76 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239 |
| Insurance | $1,195 |
| All other expenses | $10,584 |
| Total functional expenses | $372,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,717 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $142 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,324 |
| Accounts payable and accrued expenses | $5,553 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,553 |
| Net assets without donor restrictions | $597,771 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $603,324 |