Overview
What is Center For Economic Democracy Inc?
The Center for Economic Democracy Inc., based in Boston, Massachusetts, is a U.S.-based social movement organization. Their mission is to foster community capacity, aiming to transform the American economic system into a more just, sustainable, and democratic entity. In 2022, they collaborated with community partners to advance participatory budgeting in Boston, ultimately leading to the establishment of an office for participatory budgeting and a detailed process for implementation. The organization also offered educational training to students from various parts of the country and developed new curriculum for its existing programs. Furthermore, they supported a statewide coalition to advocate for cooperatives and worker ownership, resulting in the Massachusetts CEO Enabling Act, which established a standing office within the Massachusetts Office of Business Development to promote worker ownership statewide. Additionally, Center for Economic Democracy Inc. managed community-governed funds that provided grants and loans to nonprofits and social enterprises. They also published a new paper introducing the concept of social movement investing.
Official website here: www.economicdemocracy.us
Is Center For Economic Democracy Inc legitimate?
Center For Economic Democracy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Economic Democracy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $260,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,412,331
For more financial information, click here
Official website here: www.economicdemocracy.us
What is the mission statement of Center For Economic Democracy Inc?
The Center for Economic Democracy (CED) is a U.S.-based social movement organization with a mission to transform American capitalism into a more just, sustainable, and democratic economy. They aim to grow capacity within communities to achieve this goal. In 2022, CED worked in collaboration with community partners to advance participatory budgeting in Boston, focusing on passing a city ordinance to establish an Office of Participatory Budgeting and a detailed process for its implementation. Additionally, CED provided educational training to students from various regions and developed new curriculum for their existing programs. They also established a statewide coalition to support cooperatives and worker ownership, leading to the passage of the MASSCEO Enabling Act, which created a standing office within the Massachusetts Office of Business Development to promote worker ownership statewide. Moreover, CED managed community-governed funds that provided grants and loans to nonprofits and social enterprises, and published a new paper introducing the concept of social movement investing.
Official website here: www.economicdemocracy.us
Who is the CEO of Center For Economic Democracy Inc?
Aaron Tanaka is the Executive Director of Center For Economic Democracy Inc.
Official website here: www.economicdemocracy.us
What is the revenue of Center For Economic Democracy Inc?
Center For Economic Democracy Inc's revenue in 2022 was $7,517,905.
Official website here: www.economicdemocracy.us
Who are the executives of Center For Economic Democracy Inc and what are their salaries?
The average compensation at Center For Economic Democracy Inc during 2022 was $42,884. There are 39 employees and 460 volunteers at Center For Economic Democracy Inc.
Here are 7 key members and their salaries:
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- Compensation: $60,614
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- Other: $13,858
- Compensation: $64,897
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- Other: $9,665
- Compensation: $100,775
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- Other: $10,354
Official website here: www.economicdemocracy.us
Where can I find the form 990 for Center For Economic Democracy Inc?
Center For Economic Democracy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.economicdemocracy.us
Learn more at the official website: www.economicdemocracy.us
Mission Statement of Center For Economic Democracy Inc
The Center for Economic Democracy (CED) is a U.S.-based social movement organization dedicated to expanding capacity within communities to transform American capitalism into a more just, sustainable, and democratic economy. Its mission is to catalyze change by growing community power, fostering cooperation, and promoting worker ownership and participatory democracy. In 2022, CED continued its efforts by collaborating with community partners to advance participatory budgeting in the city of Boston, focusing on establishing an Office of Participatory Budgeting and a detailed process for implementing the participatory budgeting process, which they successfully won the previous year. Additionally, the organization provided educational training to students from across the country, developed new curriculum for its existing programs, and hosted a statewide coalition to support cooperatives and worker ownership, ultimately passing the MassCEO Enabling Act, creating a standing office within the MA Office of Business Development to promote worker ownership statewide. Furthermore, CED managed community-governed funds that made grants and loans to nonprofits and social enterprises, and published a new paper introducing the concept of social movement investing.
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Impact
October, 2024
The Center For Economic Democracy Inc. (C.E.D.) plays a crucial role in transforming local economies by promoting justice, sustainability, and democracy within American capitalism. In 2022, C.E.D. made significant strides in advancing participatory budgeting in Boston, successfully pushing for a city ordinance that established the Office of Participatory Budgeting. This initiative empowers communities to have a direct say in how public funds are allocated, fostering greater civic engagement and accountability.
C.E.D. also provides educational opportunities, training students nationwide through initiatives like Experiential Education (E4E). The development of new curricula enhances understanding and skills relevant to economic democracy and social movements. By convening coalitions that support cooperatives and worker ownership, C.E.D. contributed to the passage of the MassCEO Enabling Act, which facilitates the establishment of a standing office dedicated to promoting worker ownership across Massachusetts.
Additionally, the organization manages community-governed funds that provide grants and loans to community-centered organizations and social enterprises. This initiative strengthens the local economy and encourages innovation in socially responsible business practices. Their publication introducing the concept of social movement investing broadens the dialogue on economic transformation, highlighting innovative funding models that align with community values. Through these efforts, C.E.D. effectively builds capacity within communities, driving positive change toward a more equitable and democratic economic system.
This information is meant to be a general summary of Center For Economic Democracy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $189,305
- Gross Receipts: $7,517,905
Assets and Liabilities:
- Total Assets: $15,917,380
- Total Liabilities: $4,609,475
- Net Assets: $11,307,905
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$182,990
MEMBERSHIP FEES
Revenue
$6,315
Organization Details
Founding Year
2013
Phone
(877) 829-5500Principal Officer
Aaron Tanaka
Main Address
769 CENTRE STREET 143, BOSTON, MA, 02130
Website
www.economicdemocracy.usNTEE Category
Code: S30 - Community improvement
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