Overview
What is One For Democracy Action Fund?
One For Democracy Action Fund is a nonprofit organization based in New York, specifically at 107 Grand Street 7 FL, New York, NY 10013. Their primary mission is to transform the approach of individual and institutional donors towards democracy. They achieve this by educating donors and encouraging them to pledge a minimum of 1% of their net worth or assets to strengthen and protect democratic institutions, norms, and processes. In 2021, 114 individuals and foundations made or renewed this pledge, with the majority committing for four years. The organization works by directing donors to fund various nonprofit organizations that educate the public about policies impacting election administration and accessibility, and the roles of appointed and elected officials in the democratic process. With a team of 11 employees, One For Democracy Action Fund strives to break the cycle of democracy being viewed as a short-term commitment.
Official website here: www.onefordemocracy.org
Is One For Democracy Action Fund legitimate?
One For Democracy Action Fund is a legitimate nonprofit organization registered as a 501(c)(4) entity. One For Democracy Action Fund 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: $628,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,089
For more financial information, click here
Official website here: www.onefordemocracy.org
What is the mission statement of One For Democracy Action Fund?
One For Democracy Action Fund aims to transform how individuals and institutional donors approach democracy by educating them and encouraging them to pledge a minimum of 1% of their net worth or assets to strengthen and protect democratic institutions, norms, and processes. Donors are encouraged to fund various nonprofit organizations directly, which in turn educate the public about policies affecting election administration and accessibility, as well as the role of appointed and elected officials in the democratic process. The organization's goal is to promote a more active and informed participation in democracy, thereby fostering a stronger democratic society.
Official website here: www.onefordemocracy.org
Who is the CEO of One For Democracy Action Fund?
William Watterson is the Cofounder/Chair of One For Democracy Action Fund. The CEO's salary of One For Democracy Action Fund is $191,864 and their total compensation is $200,909.
Official website here: www.onefordemocracy.org
What is the revenue of One For Democracy Action Fund?
One For Democracy Action Fund's revenue in 2022 was $2,660,000.
Official website here: www.onefordemocracy.org
Who are the executives of One For Democracy Action Fund and what are their salaries?
The average compensation at One For Democracy Action Fund during 2022 was $97,780. There are 11 employees and 7 volunteers at One For Democracy Action Fund.
Here are 12 key members and their salaries (One For Democracy Action Fund's CEO's salary is $191,864 and their total compensation is $200,909):
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- Compensation: $197,000
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- Other: $17,016
- Compensation: $191,864
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- Other: $9,045
- Compensation: $115,312
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- Other: $9,767
- Compensation: $140,000
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- Other: $35,499
Official website here: www.onefordemocracy.org
Where can I find the form 990 for One For Democracy Action Fund?
One For Democracy Action Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onefordemocracy.org
Learn more at the official website: www.onefordemocracy.org
Mission Statement of One For Democracy Action Fund
One For Democracy Action Fund aims to revolutionize how individual and institutional donors engage with democracy. Their mission is to enlighten these donors and encourage them to commit a minimum of 1% of their net worth or assets towards strengthening and safeguarding democratic institutions, norms, and processes. Donors are motivated to directly fund various nonprofit organizations that educate the public on policies affecting election administration and accessibility, as well as the roles of appointed and elected officials in the democratic process.
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Impact
October, 2024
One For Democracy Action Fund is reshaping the landscape of democratic support by encouraging a more sustainable and impactful approach to funding democracy initiatives. By engaging both individual and institutional donors, it inspires commitments of 1% or more of their assets to strengthen American democracy. In 2021, 114 donors renewed their pledges, with many committing for four years, thereby helping to stabilize the funding cycle critical for democratic preservation.
This initiative not only raises financial resources but also educates donors on the importance of investing in democratic institutions, norms, and processes. By advocating for long-term commitments, One For Democracy seeks to break the boom-and-bust cycle often associated with democratic funding. Moreover, donors are encouraged to directly support organizations that enhance public awareness of election administration and accessibility, as well as the roles of both elected and appointed officials in democracy.
The impact of One For Democracy lies in its capacity to foster a culture of accountability and responsibility among donors, ensuring that the protection and enhancement of democracy become a sustained priority rather than a sporadic focus.
This information is meant to be a general summary of One For Democracy Action Fund. 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: $190,000
- Gross Receipts: $2,660,000
Assets and Liabilities:
- Total Assets: $643,986
- Total Liabilities: $187,673
- Net Assets: $456,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$190,000
Organization Details
Founding Year
2021
Phone
(201) 374-0918Principal Officer
William Watterson
Main Address
107 GRAND STREET 7 FL, NEW YORK, NY, 10013
Website
www.onefordemocracy.orgNTEE Category
Code: R00 - Civil rights
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