Overview
What is The Texas Democracy Foundation?
The Texas Democracy Foundation is a nonprofit organization situated in Austin, Texas, specifically at 54 Chicon Street, with a total of 20 employees. Their primary objective is to promote and advance public affairs, government, literature, and the arts. They achieve this goal through the publication of a bimonthly journal titled "The Texas Observer." This periodical reaches an audience of 3,500 subscribers and an additional 1,500 individuals through bookstores. Furthermore, educational institutions can request copies for classroom use. The Texas Democracy Foundation's mission is to engage the community in thoughtful discussions and critical analysis of public affairs, government, literature, and arts through "The Texas Observer."
Official website here: www.texasobserver.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (73%)
The Texas Democracy Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement despite a strong accountability and finance score of 100%. The organization shows a commitment to governance with a fully independent board, and it maintains a healthy liabilities to assets ratio of 32.47%. Additionally, the program expense ratio is favorable at 70.79%, suggesting that a significant portion of its expenses is directed towards its programs.
However, the foundation faces several shortcomings in its transparency and documentation. It has been noted for not providing financial statements and missing key policies, such as a whistleblower policy and document retention guidelines. Furthermore, the absence of its tax form on the nonprofit's website detracts from its overall transparency efforts.
While the Texas Democracy Foundation demonstrates strong governance and financial ratios, the lack of essential documentation and policies indicates potential areas for growth. Improving these aspects could enhance trust and credibility with stakeholders, fostering greater support for its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Texas Democracy Foundation legitimate?
The Texas Democracy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Texas Democracy Foundation 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: $39,887
Professional Fundraising Fees: $0
Other Salaries and Wages: $737,881
For more financial information, click here
Official website here: www.texasobserver.org
What is the mission statement of The Texas Democracy Foundation?
The Texas Democracy Foundation's mission is centered around promoting advancements in public affairs, government, literature, and the arts. They achieve this by publishing a bimonthly periodical titled "The Texas Observer." This publication serves as a platform to address public affairs, thereby fostering and encouraging intellectual discourse and engagement in these areas. The foundation distributes the periodical to over 3,500 subscribers and additionally makes it available in bookstores. Upon request, educational institutions are provided with copies for classroom use.
Official website here: www.texasobserver.org
What is the revenue of The Texas Democracy Foundation?
The Texas Democracy Foundation's revenue in 2023 was $1,385,336.
Official website here: www.texasobserver.org
Who are the executives of The Texas Democracy Foundation and what are their salaries?
The average compensation at The Texas Democracy Foundation during 2023 was $55,555. There are 14 employees and 20 volunteers at The Texas Democracy Foundation.
Here are 9 key members and their salaries:
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- Compensation: $25,357
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- Other: $2,910
- Compensation: $11,625
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Official website here: www.texasobserver.org
Where can I find the form 990 for The Texas Democracy Foundation?
The Texas Democracy Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.texasobserver.org
Learn more at the official website: www.texasobserver.org
Mission Statement of The Texas Democracy Foundation
The Texas Democracy Foundation, as a nonprofit organization, is committed to fostering, promoting, and encouraging the advancement of public affairs, government, literature, and the arts. They achieve this objective by publishing a bimonthly periodical titled The Texas Observer. This periodical serves as a platform addressing public affairs, providing insightful content that engages readers on various topics related to government, literature, and the arts. The publication reaches a wide audience, boasting 3,500 subscribers. Additionally, an additional 1,500 copies are distributed through bookstores. The organization also extends its reach to educational institutions, offering copies of The Texas Observer upon request for classroom use.
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Impact
July, 2024
The Texas Democracy Foundation's impact lies in fostering, promoting, and encouraging the advancement of public affairs, government, literature, and the arts through the publication of The Texas Observer. This bimonthly journal serves 3,500 subscribers and distributes an additional 1,500 copies through bookstores. It also provides copies to educational institutions upon request for classroom use. Through this publication, The Texas Democracy Foundation plays a vital role in addressing public affairs and contributing to informed discourse in Texas and beyond.
This information is meant to be a general summary of The Texas Democracy Foundation. 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 2023.
- Investment Income: $28
- Program Service Revenue: $25,000
- Gross Receipts: $1,412,135
Assets and Liabilities:
- Total Assets: $578,457
- Total Liabilities: $187,925
- Net Assets: $390,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$25,000
Organization Details
Founding Year
1991
Principal Officer
Lize Burr
Website
www.texasobserver.orgNTEE Category
Code: A33M - Arts
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