Advance Democracy Inc
- Assets
- $4.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Tysons Corner, VA
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-4277642
Organization Overview
Advance Democracy Inc is located in Tysons Corner, VA. The organization was established in 2018. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Advance Democracy Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advance Democracy Inc 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, Advance Democracy Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. 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
ADVANCE DEMOCRACY, INC. (ADI) IS A NON-PARTISAN NON-PROFIT ORGANIZATION THAT CONDUCTS PUBLIC-INTEREST RESEARCH TO EDUCATE THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - THE ORGANIZATION CONDUCTS PUBLIC INTEREST RESEARCH BY BUILDING RESEARCH NETWORKS THAT INCLUDE EXPERTS IN FINANCIAL RECORDS, DATA ACQUISITION, PUBLIC-RECORDS RESEARCH, SOCIAL MEDIA ANALYSIS, PUBLIC POLICY, AND LEGAL AFFAIRS. OUR UNIQUE STRUCTURE AND APPROACH ALLOWS THE ORGANIZATION TO RESEARCH COMPLEX PUBLIC-INTEREST PROBLEM SETS RAPIDLY AND EFFICIENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Jones President, CEO | OfficerTrustee | 50 | $398,515 |
Michael S Balascio Treasurer, Director | OfficerTrustee | 5 | $0 |
Adam S Kaufmann Secretary, Director | OfficerTrustee | 5 | $0 |
Deanna E Woodman Director Of Research | 40 | $140,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Research & Investigations Llc Research Consulting | 12/30/22 | $810,615 |
Grey Cloud Llc Research Consulting | 12/30/22 | $229,911 |
Peter Strzok Research Consulting | 12/30/22 | $128,300 |
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 | $2,368,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,368,000 |
| Total Program Service Revenue | $0 |
| Investment income | $5,841 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,373,841 |
| 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. | $447,105 |
| Compensation of current officers, directors, key employees. | $44,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $714,750 |
| Pension plan accruals and contributions | $23,952 |
| Other employee benefits | $48,207 |
| Payroll taxes | $61,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,150,240 |
| Advertising and promotion | $0 |
| Office expenses | $14,053 |
| Information technology | $112,855 |
| Royalties | $0 |
| Occupancy | $83,262 |
| Travel | $97,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,491 |
| Insurance | $32,864 |
| All other expenses | $0 |
| Total functional expenses | $3,889,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,320,055 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,000,000 |
| Accounts receivable, net | $8,219 |
| 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 | $445,438 |
| Net Land, buildings, and equipment | $26,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,800 |
| Total assets | $4,823,015 |
| Accounts payable and accrued expenses | $225,926 |
| 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 | $225,926 |
| Net assets without donor restrictions | $3,597,089 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $4,823,015 |