Civic Intelligence

Democracy Fund Voice Inc

990 • Fiscal year 2016 • EIN 46-5051755

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

1200 17th St NWWashington, DC 20036

(408) 358-3316

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.14x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.03x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$312,506

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Asset Growth

99th percentile

712%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

1002%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,005,229

Up $881,469 (+712%) from 2015

Net Assets

Up

$864,123

Up $768,583 (+804%) from 2015

Liabilities

Up

$141,106

Up $112,886 (+400%) from 2015

Revenue

Up

$5,510,012

Up $5,010,011 (+1002%) from 2015

Expenses

Up

$4,741,429

Up $3,968,450 (+513%) from 2015

Net Income

Up

$768,583

Up $1,041,561 (+382%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2014: $376,622Liabilities 2014: $8,104Net Assets 2014: $368,5182014Assets 2015: $123,760Liabilities 2015: $28,220Net Assets 2015: $95,5402015Assets 2016: $1,005,229Liabilities 2016: $141,106Net Assets 2016: $864,1232016Assets 2017: $376,707Liabilities 2017: $334,419Net Assets 2017: $42,2882017Assets 2018: $508,815Liabilities 2018: $1,076,407Net Assets 2018: -$567,5922018Assets 2019: $1,320,076Liabilities 2019: $1,470,264Net Assets 2019: -$150,1882019Assets 2020: $1,287,313Liabilities 2020: $2,046,962Net Assets 2020: -$759,6492020Assets 2021: $4,065,854Liabilities 2021: $3,116,459Net Assets 2021: $949,3952021Assets 2022: $9,579,184Liabilities 2022: $3,801,709Net Assets 2022: $5,777,4752022Assets 2023: $20,306,508Liabilities 2023: $6,192,477Net Assets 2023: $14,114,0312023Assets 2024: $16,389,132Liabilities 2024: $5,832,889Net Assets 2024: $10,556,2432024

Highlighted filing

2016

Assets$1,005,229
Liabilities$141,106
Net Assets$864,123

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2014: $500,000Expenses 2014: $131,482Net Income 2014: $368,5182014Revenue 2015: $500,001Expenses 2015: $772,979Net Income 2015: -$272,9782015Revenue 2016: $5,510,012Expenses 2016: $4,741,429Net Income 2016: $768,5832016Revenue 2017: $2,500,021Expenses 2017: $3,321,856Net Income 2017: -$821,8352017Revenue 2018: $5,650,017Expenses 2018: $6,259,897Net Income 2018: -$609,8802018Revenue 2019: $9,349,217Expenses 2019: $8,931,813Net Income 2019: $417,4042019Revenue 2020: $14,743,220Expenses 2020: $15,352,680Net Income 2020: -$609,4602020Revenue 2021: $19,697,419Expenses 2021: $17,988,374Net Income 2021: $1,709,0452021Revenue 2022: $23,547,364Expenses 2022: $18,719,284Net Income 2022: $4,828,0802022Revenue 2023: $28,799,967Expenses 2023: $20,332,900Net Income 2023: $8,467,0672023Revenue 2024: $13,312,671Expenses 2024: $16,867,909Net Income 2024: -$3,555,2382024

Highlighted filing

2016

Revenue$5,510,012
Expenses$4,741,429
Net Income$768,583
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$5,510,012
Mission and Program Overview

Mission

Democracy Fund Voice is a nonpartisan organization established in 2014 to conduct and support advocacy that will produce a stronger, healthier democracy in the United States.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$95,540$864,123▲ $768,583
Pledges and Grants Receivable-$700,000-
Cash and Non-Interest-Bearing Accounts$151,891$435,678▲ $283,787
Prepaid Expenses and Deferred Charges$851$1,260▲ $409
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Other Notes and Loans Receivable, Net$-28,982$-131,709▼ $102,727
Total Assets$123,760$1,005,229▲ $881,469
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$28,220$141,106▲ $112,886
Total Liabilities$28,220$141,106▲ $112,886
Net Assets / Fund Balance
Total Net Assets Fund Balance$95,540$864,123▲ $768,583
Total Liabilities and Net Assets / Fund Balance$123,760$1,005,229▲ $881,469
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pierre OmidyarChairman
Joseph GoldmanPresident
Jeff AlvordDirector, Sec.
Lawrence MendenhallDirector, Trs.
Adam AmbrogiProgram Director
Elisabeth Wright HawkingsProgram Director
Thomas GlaisyerProgram Director
Margaret YaoChief Ppl Officer
Srikanth GopalVP Strategy

Highest Paid Contractors

ContractorServicesLocationCompensation
SKD Knickerbocker LLCComm Strategy Dvlpmt1150 18th Street Suite 800, Washington, DC 20036$199,703
ImpactualStrategy & Outreach1875 K Street NW FL 4, Washington, DC 20006$132,700
Revenue and Support

Revenue Composition

Contributions and Grants
$5,510,000
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$0
All Other Contributions
$5,510,000
Change in Net Assets
$768,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,719,788
Other Expenses$1,021,641
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,719,788--$3,719,788
Fees for Services Other$777,725$149,375-$927,100
Fees for Services Legal-$35,155-$35,155
Occupancy-$25,807-$25,807
Conferences and Meetings$12,458--$12,458
Information Technology-$7,381-$7,381
Travel$2,979$5-$2,984
All Other Expenses-$2,565-$2,565
Office Expenses-$2,462-$2,462
Other Expenses-$512-$512
Insurance-$435-$435
Total Functional Expenses$4,512,950$228,479$0$4,741,429
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Faith in Public Life AFWashington, DC501(c)(4)Faith and Public Dialogue Project$886,500
ReThink Media IncBerkeley, CA501(c)(3)Security and Rights Collaborative$375,000
Global Poverty Prjct IncNew York, NY501(c)(3)Show Up and Vote Campaign$325,000
Free Press Action FundFlorence, MA501(c)(4)Public Spectrum Project$250,000
Natl Voter RegistrationPortland, OR501(c)(3)National Voter Registration Day$250,000
Unity of Purpose ProjectWashington, DC501(c)(4)Everyone Votes Project$250,000
The Congressional InstituteAlexandria, VA501(c)(4)Congressional Reform Project$244,000
Human Rights FirstWashington, DC501(c)(3)Veterans Against Islamaphobia$200,000
Bipartisan Policy Cntr ActionWashington, DC501(c)(4)Congressional Reform Project$150,000
NALEO Educational FundLos Angeles, CA501(c)(3)English/Spanish Voter Hotline$150,000
Trustees of Columbia UnivNew York, NY501(c)(3)Tow Terrorism & Media White Papers$150,000
Univ of Arizona FoundationTucson, AZ501(c)(3)Revive Civility Campaign$127,050
New America FoundationWashington, DC501(c)(3)Building Civic Resilience to Terror$115,000
VoteorgSan Francisco, CA501(c)(3)Civic Engagement Project$75,000
Democracy Works IncBrooklyn, NY501(c)(3)Turbo Vote Challenge$60,000
Free Press Action FundFlorence, MA501(c)(4)Public Spectrum Project$60,000
Institute for Social Plcy&UndWashington, DC501(c)(3)Convening on Anti-Muslim Rhetoric$52,238
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Jeff Alvord, Secretary, is employed by Comprehensive Financial Management LLC, a company that performs services for Pierre Omidyar, Chairman.

Form 990, Part VI, Line 11B: Form 990 Review Process

The process followed for review of the Form 990 is to distribute it to the Board of Trustees for independent review by the Board Members for review, discussion, and comment. Any questions that arise are discussed and addressed by the Members of the Board of Directors.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Democracy Fund Voice, Inc. monitored and enforced its conflict of interest policy by gathering from its directors and officers disclosure of conflicts of interest. The policy outlines a process to be undertaken if there is a potential violation of the policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Democracy Fund Voice, Inc. places a high value on ethics and transparency. Our Forms 990, other governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Democracy Fund Voice Inc
EIN
46-5051755
Phone
4083583316
Address
1200 17th St NW, Washington, DC 20036

Signing Officer

Name
Joseph Goldman
Title
President
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Goldman
Formed
2014
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Comprehensive Financial Mgt
Address
720 University Ave 200, Los Gatos, CA 95032
Preparer
Roger V Hansen
Phone
4083583316
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Promote Civil Politics:Democracy Fund Voice believes that hate speech, fear mongering, and rhetoric that condones political violence are dangerous for our democracy. We support organizations working to elevate the tenor and quality of public debate, and to foster more civil politics. For example, in 2016 Democracy Fund Voice supported Faith in Public Life Action Fund to engage a diverse group of faith leaders from across the political spectrum in a call to promote more civil politics.Promote Participation:Democracy Fund Voice believes our republic is stronger when more eligible voters participate and are fully informed in critical elections. We have supported organizations that educate, register, and activate voters. For example, in 2016 Democracy Fund Voice supported National Voter Registration Day, a nonpartisan, nonprofit effort to raise national awareness of voter registration deadlines in every election cycle. (We do not support efforts or organizations that endorse candidates.)

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Strengthen Elections - Democracy Fund Voice believes the American people deserve modern elections as part of a responsive political system in which the public comes first. We advocate for solutions and institutions that work to improve and support election administrators and processes. OTHER PROGRAM SERVICES 5: Support Congressional Reform - Democracy Fund Voice believes leaders in Washington and around the country can rise above their differences and find common ground. We support organizations working to strengthen our governing institutions and political processes. OTHER PROGRAM SERVICES 6: Other Program Support - Other program service accomplishments

Cost Sharing Agreement

As explained in Democracy Fund Voices Form 1024, Democracy Fund Voice and Democracy Fund are parties to a cost-sharing agreement, under which Democracy Fund charges Democracy Fund Voice for its proportionate share of office space, employee services, and administrative expenses.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Promote Participation:Democracy Fund Voice believes our republic is stronger when more eligible voters participate and are fully informed in critical elections. We have supported organizations that educate, register, and activate voters. For example, in 2016 Democracy Fund Voice supported National Voter Registration Day, a nonpartisan, nonprofit effort to raise national awareness of voter registration deadlines in every election cycle. (We do not support efforts or organizations that endorse candidates.)
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Congressional Reform Project
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Turbo Vote Challenge
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Faith and Public Dialogue Project
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Public Spectrum Project
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Public Spectrum Project
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Show Up and Vote Campaign
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Veterans Against Islamaphobia
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Convening on Anti-Muslim Rhetoric
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8English/Spanish Voter Hotline
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9National Voter Registration Day
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10Building Civic Resilience to Terror
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11Security and Rights Collaborative
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12Congressional Reform Project
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13Tow Terrorism & Media White Papers
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14Everyone Votes Project
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15Revive Civility Campaign
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16Civic Engagement Project
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Bipartisan Policy Cntr Action
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Democracy Works Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Faith in Public Life AF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Free Press Action Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Free Press Action Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Global Poverty Prjct Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Human Rights First
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Institute for Social Plcy&Und
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8NALEO Educational Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Natl Voter Registration
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10New America Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11ReThink Media Inc

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