Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 20-3685508 • 501(c)3 • Washington, DC
Profile
To build a vibrant and vital progressivism for the twenty-first century that builds on the movement's proud history, is true to its central values, and is relevant to present times. Publish the quarterly nonpartisan journal "Democracy: A Journal of Ideas"
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
35th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 19.4% of source-year revenue.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
9th percentile
Faster revenue growth than 9% of similar nonprofits.
Assets
Down$607,391
Down $282,829 (-32%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$607,391
Down $282,829 (-32%) from 2023
Revenue
Down$514,968
Down $319,581 (-38%) from 2023
Expenses
Up$797,797
Up $208,957 (+35%) from 2023
Net Income
Down-$282,829
Down $528,538 (-215%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To build a vibrant and vital progressivism for the twenty-first century that builds on the movement's proud history, is true to its central values, and is relevant to present times. Publish the quarterly nonpartisan journal "Democracy: A Journal of Ideas"
To build a vibrant and vital progressivism for the twenty-first century that builds on the movement's proud history, is true to its central values, and is relevant to present times. Publish the quarterly nonpartisan journal "democracy: a journal of ideas."
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $786,879 | $453,997 | ▼ $332,882 |
| Pledges and Grants Receivable | $100,000 | $100,000 | → $0 |
| Prepaid Expenses and Deferred Charges | - | $50,739 | - |
| Investments Other Securities | $1,274 | $0 | ▼ $1,274 |
| Total Assets | $890,220 | $607,391 | ▼ $282,829 |
| Other Assets Total | $2,067 | $2,655 | ▲ $588 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $890,220 | $607,391 | ▼ $282,829 |
| Total Net Assets Fund Balance | $890,220 | $607,391 | ▼ $282,829 |
| Total Liabilities and Net Assets / Fund Balance | $890,220 | $607,391 | ▼ $282,829 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Michael Tomasky | Editor | FT | $100,000 | - | $100,000 |
| Jack Meserve | Managing Editor | FT | $82,000 | $6,102 | $88,102 |
| Name | Title |
|---|---|
| Andrei Cherny | President |
| Glen Fukushima | Director |
| Nick Hanauer | Director |
| Robert Abernethy | Director |
| William Budinger | Director |
| Shane Bateman | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $501,579 |
| Salaries, Compensation, and Employee Benefits | $296,218 |
| Total Fundraising Expense | $75,733 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Conferences and Meetings | $197,611 | - | - | $197,611 |
| Current Officers, Directors, Trustees, and Key Employees | $124,975 | $31,564 | $31,563 | $188,102 |
| Fees for Services Legal | - | $69,099 | - | $69,099 |
| Other Salaries and Wages | $43,454 | $10,975 | $10,975 | $65,404 |
| Fees for Services Other | $3,672 | $3,672 | $25,836 | $33,180 |
| Occupancy | $29,992 | - | - | $29,992 |
| Other Employee Benefits | $15,802 | $3,991 | $3,991 | $23,784 |
| Payroll Taxes | $12,576 | $3,176 | $3,176 | $18,928 |
| Fees for Services Accounting | - | $7,350 | - | $7,350 |
| All Other Expenses | $1,613 | $4,949 | - | $6,562 |
| Other Expenses | $5,788 | - | - | $5,788 |
| Information Technology | $1,200 | - | - | $1,200 |
| Office Expenses | $1,126 | - | - | $1,126 |
| Travel | $191 | $191 | $192 | $574 |
| Total Functional Expenses | $587,097 | $134,967 | $75,733 | $797,797 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“On december 31, 2024, democracy: a journal of ideas inc. Amended and restated its bylaws to account for a change in the sole member of the corporation. Andrei cherny resigned as the sole member of the corporation. The board elected the center for the study of democratic institutions, inc. As the successor sole member.”
“The form will be reviewed by our certified public accountant as well as by the editor and managing editor.”
“The organization requires conflicts of interest to be disclosed and performs regular reviews.”
“Michael tomasky's salary has remained the same since 2015. In that year, the board of directors met, reviewed the corporation's finances and revenue prospects and reviewed publicly available compensation levels at peer organizations. They also took into account that tomasky had not received a salary increase since 2011, and approved his current salary by a vote of 5-0 (with tomasky abstaining). This will remain the process for any substantive salary changes. Major changes to michael tomasky (the editor's salary) are reviewed and approved by the board. Additionally, any major changes that the editor wished to make to subordinates that substantially affected spending would be reviewed by either the board or the board president.”
“UPON REQUEST”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | 1. PUBLISHED 4 QUARTERLY ISSUES OF A PERIODICAL WHICH SPURS INTELLECTUAL DEBATE ON ISSUES FACING AMERICANS AND THE WORLDWIDE SOCIETY.2. ORGANIZED A LARGE CONFERENCE IN THE SPRING (100-PLUS ATTENDEES, INCLUDING PRESS) DEVOTED TO DISCUSSION OF IMPORTANT PUBLIC ISSUES.3. JOINTLY ORGANIZED OCCASIONAL DINNERS INCLUDING INVITED GUESTS AND SPEAKERS TO DISCUSS ISSUES ADDRESSED IN THE PAGES OF THE JOURNAL. |
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| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 1231722 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 510509 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 829886 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 562752 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 597973 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 567746 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3068866 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3068866 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ON DECEMBER 31, 2024, DEMOCRACY: A JOURNAL OF IDEAS INC. AMENDED AND RESTATED ITS BYLAWS TO ACCOUNT FOR A CHANGE IN THE SOLE MEMBER OF THE CORPORATION. ANDREI CHERNY RESIGNED AS THE SOLE MEMBER OF THE CORPORATION. THE BOARD ELECTED THE CENTER FOR THE STUDY OF DEMOCRATIC INSTITUTIONS, INC. AS THE SUCCESSOR SOLE MEMBER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM WILL BE REVIEWED BY OUR CERTIFIED PUBLIC ACCOUNTANT AS WELL AS BY THE EDITOR AND MANAGING EDITOR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION REQUIRES CONFLICTS OF INTEREST TO BE DISCLOSED AND PERFORMS REGULAR REVIEWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | MICHAEL TOMASKY'S SALARY HAS REMAINED THE SAME SINCE 2015. IN THAT YEAR, THE BOARD OF DIRECTORS MET, REVIEWED THE CORPORATION'S FINANCES AND REVENUE PROSPECTS AND REVIEWED PUBLICLY AVAILABLE COMPENSATION LEVELS AT PEER ORGANIZATIONS. THEY ALSO TOOK INTO ACCOUNT THAT TOMASKY HAD NOT RECEIVED A SALARY INCREASE SINCE 2011, AND APPROVED HIS CURRENT SALARY BY A VOTE OF 5-0 (WITH TOMASKY ABSTAINING). THIS WILL REMAIN THE PROCESS FOR ANY SUBSTANTIVE SALARY CHANGES. MAJOR CHANGES TO MICHAEL TOMASKY (THE EDITOR'S SALARY) ARE REVIEWED AND APPROVED BY THE BOARD. ADDITIONALLY, ANY MAJOR CHANGES THAT THE EDITOR WISHED TO MAKE TO SUBORDINATES THAT SUBSTANTIALLY AFFECTED SPENDING WOULD BE REVIEWED BY EITHER THE BOARD OR THE BOARD PRESIDENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | CENTER FOR THE STUDY OF DEMOCRATIC INSTITUTIONS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 954829141 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | DE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | FOSTERING FREE SPEECH AND IDEAS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | LINE 7 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | PO BOX 90855 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | LOS ANGELES |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 90009 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 100000 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | CASH |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | CENTER FOR THE STUDY OF DEMOCRATIC INSTITUTIONS |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | C |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | DC |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 890220 |
| IRS990/TotalAssetsEOYAmt | 0 | 607391 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 890220 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 607391 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 510509 |
| IRS990/TotalEmployeeCnt | 0 | 3 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 75733 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 134967 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 587097 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 797797 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 890220 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 607391 |
| IRS990/TotalOtherCompensationAmt | 0 | 6102 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 587097 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 4459 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 182000 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4459 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 514968 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 890220 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 607391 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/FundraisingAmt | 0 | 192 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 191 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 191 |
| IRS990/TravelGrp/TotalAmt | 0 | 574 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 818 18TH STREET NW STE 750 |
| IRS990/USAddress/CityNm | 0 | WASHINGTON |
| IRS990/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990/USAddress/ZIPCd | 0 | 20006 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | WWW.DEMOCRACYJOURNAL.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL TOMASKY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EDITOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2022634390 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DEMOCRACY A JOURNAL OF IDEAS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DEMO |
| ReturnHeader/Filer/EIN | 0 | 203685508 |
| ReturnHeader/Filer/PhoneNum | 0 | 2022634390 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 818 18TH STREET NW SUITE 750 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WASHINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | DC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 20006 |
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