The Texas Democracy Foundation
- Assets
- $1.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Austin, TX
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 74-2619883
Organization Overview
The Texas Democracy Foundation is located in Austin, TX. The organization was established in 1994. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Texas Democracy Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Democracy Foundation 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 12/2021, Texas Democracy Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER,PROMOTE AND ENCOURAGE THE ADVANCEMENT OF PUBLIC AFFAIRS, GOVERNMENT, LITERATURE AND THE ARTS THROUGH THE PUBLICATION OF THE TEXAS OBSERVER, A BIMONTHLY PERIODICAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED BI-MONTHLY JOURNAL, THE TEXAS OBSERVER, SERVING 3,500 SUBSCRIBERS, DISTRIBUTING AN ADDITIONAL 1,500 COPIES THROUGH BOOKSTORES. FURNISHED COPIES TO EDUCATIONAL INSTITUTIONS UPON REQUEST FOR USE IN CLASSROOMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kanin Publisher | Officer | 40 | $72,680 |
Abby Rapoport President | OfficerTrustee | 10 | $0 |
Peter Ravella Treasurer | OfficerTrustee | 2 | $0 |
Cari Marshall Director | Trustee | 2 | $0 |
Carrie James Director | Trustee | 2 | $0 |
Carlton Carl Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $176,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,619,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,795,792 |
| Total Program Service Revenue | $48,772 |
| Investment income | $8,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,042 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,137 |
| Net Income from Fundraising Events | $12,167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,907,878 |
| 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. | $73,880 |
| Compensation of current officers, directors, key employees. | $16,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $817,927 |
| Pension plan accruals and contributions | $7,934 |
| Other employee benefits | $81,819 |
| Payroll taxes | $70,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,564 |
| Fees for services: Accounting | $38,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,861 |
| Fees for services: Other | $415,659 |
| Advertising and promotion | $0 |
| Office expenses | $137,978 |
| Information technology | $72,528 |
| Royalties | $0 |
| Occupancy | $31,024 |
| Travel | $29,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,229 |
| Insurance | $5,612 |
| All other expenses | $0 |
| Total functional expenses | $1,812,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,112 |
| Savings and temporary cash investments | $321,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,714 |
| 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 | $6,251 |
| Net Land, buildings, and equipment | $4,350 |
| Investments—publicly traded securities | $636,922 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,932 |
| Total assets | $1,291,717 |
| Accounts payable and accrued expenses | $143,754 |
| Grants payable | $0 |
| Deferred revenue | $19,969 |
| 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 | $163,723 |
| Net assets without donor restrictions | $915,234 |
| Net assets with donor restrictions | $212,760 |
| 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 | $1,291,717 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that The Texas Democracy Foundation has recieved totaling $469,071.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $125,000 |
Ford Foundation New York, NY PURPOSE: FOR THE TEXAS OBSERVER TO PROVIDE IN-DEPTH REPORTING ON SOCIAL JUSTICE ISSUES | $100,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE TEXAS OBSERVER'S INDIGENOUS AFFAIRS DESK TO CORRECT THE FIELDS LACK OF JOURNALISTIC ATTENTION TO INDIGENOUS COMMUNITIES AND STORIES THAT INFORM AND EMPOWER INDIGENOUS READERS | $75,000 |
Passport Foundation Wilmington, DE PURPOSE: PUBLIC HEALTH WATCH LAUNCH SUPPORT ANOTHER ORGANIZ | $60,000 |
Commonwealth Fund New York, NY PURPOSE: PUBLIC HEALTH WATCH: MEDICAID EXPANSION REPORTING | $32,000 |
St Davids Foundation Austin, TX PURPOSE: HEALTH ACCESS GRANT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epochtimes Public Media Inc Houston, TX | $307,327 | $4,904,097 |
Southern Newspapers Inc Media Employeess Medical Plan Trust Houston, TX | $197,466 | $3,542,295 |
International Newspaper Marketing Assoc Dallas, TX | $1,983,312 | $3,083,139 |
San Antonio Report San Antonio, TX | $504,406 | $2,163,484 |
The Texas Democracy Foundation Austin, TX | $1,291,717 | $1,907,878 |
Oxford American Literary Project Inc Little Rock, AR | $826,347 | $1,575,021 |
Radius Books Inc Santa Fe, NM | $4,533,597 | $2,674,449 |
Texas Conservative Coalition Research Institute Austin, TX | $668,794 | $1,384,176 |
Native American Journalists Association Norman, OK | $1,160,008 | $1,560,878 |
Christian Chronicle Corporation Oklahoma City, OK | $2,045,077 | $1,297,343 |
Deep Vellum Publishing Dallas, TX | $927,865 | $1,118,831 |
Land Grant University Tax Education Foundation Inc College Station, TX | $503,284 | $859,742 |