Promise of Democracy Foundation Inc

Nonprofit profile at a glance

EIN
264261551
IRS 990-EZ coverage
2017–2024
Forms available
Form 990-EZ 2024, Form 990-N 2015
Location
Cleveland, OH, USA
Phone
2162171411
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Citizen Participation

Official website

Reported finances

Revenue
$113,125
Expenses
$96,998
Assets
$16,315
Liabilities
$7,800

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Gregory Moore (President)

People named in this filing

  • Gregory Moore (President)
  • David Holt (Treasurer)
  • Jean Moore (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Promise of Democracy Foundation's (PDF) mission is to improve the quality of life in African American and underserved communities, by promoting democratic values, voting rights and electoral participation, through non-partisan voter registration/education, participation in policy forums, and the promotion of literary and cultural arts.

What it reported doing in 2024

Black Voters Matter Capacity Building Institute. The purpose of this program was to serve as fiscal sponsor for the Ohio Voter Fund in building its organizational capacity to conduct training and implementation of non-partisan voter engagement programs including predictive dialer phone banking, door to door canvassing operations, non-partisan voter education literature distribution, and coordination of Early Vote bus tours and other Get Out the Vote activities.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85%; rating input score 85
  • Program expense ratio: 99.1%; rating input score 99

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 14.3%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.48; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 26.7%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 9.5% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 22.2% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 85% of revenue deployed · 99.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $96K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.