State Democracy Project

What it reported doing in 2024

Sponsored projectsthe state democracy project supports a diverse array of grassroots organizations to pursue structural changes to expand participation, make government more responsive, and build a more democratic society. State democracy project's program services concentrate on providing these partners with fiscal sponsorship arrangements that allow them to focus on programmatic goals.by the end of 2024, state democracy project has entered into eighteen separate fiscal sponsorship agreements to support projects which will further the charitable and educational purposes of state democracy project. Grant funds awarded to these organizations are subject to the restrictions and obligations imposed by the agreements and may only be used for the reasonable and necessary expenses incurred in conducting the projects identified. State democracy project may charge up to 7.5% of all gifts received in support of the projects to defray administrative and management costs related to monitoring these agreements. State democracy project retains the unilateral variance power pursuant to the signed agreements.

Financial Efficiency

• Mission deployment rate: 96.3%; rating input score 96
• Program expense ratio: 99.2%; rating input score 99
• Fundraising efficiency: $481.82 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.9%; rating input score 47; 47th percentile among comparable filings
• Total-asset coverage ratio: 0.1; rating input score 3; 3rd percentile among comparable filings
• Liabilities to assets ratio: 0.11; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 1.1%; rating input score 73; 73rd percentile among comparable filings

Growth

• Program expense growth: 36.2% per year; rating input score 100; 97th percentile among comparable filings
• Revenue growth: 34.7% per year; rating input score 100; 98th percentile among comparable filings
• Asset growth: 22.1% per year; rating input score 100; 94th percentile among comparable filings