2023-10-23T09:46:01-05:00 2022-12-31 390859910 BAKER TILLY US LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2022-01-01 473589804 CENTER FOR ECONOMIC DEMOCRACY INC CENT 8778295500 769 CENTRE STREET 143 BOSTON MA 02130 PENN LOH BOARD PRESIDENT 8778295500 2023-10-19 1 PENN LOH 999009999 0 MATTHEW KALIL CPA MBA P01517069 9785575300 2023-10-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AARON TANAKA 769 CENTRE STREET 143 BOSTON MA 02130 7517905 0 X WWW.ECONOMICDEMOCRACY.US X 2013 MA THE CENTER FOR ECONOMIC DEMOCRACY [C.E.D.] IS A U.S. SOCIAL MOVEMENT BUILDING ORGANIZATION, GROWING CAPACITY IN OUR COMMUNITIES TO TRANSFORM AMERICAN CAPITALISM INTO A MORE JUST, SUSTAINABLE AND DEMOCRATIC ECONOMY. 4 4 39 460 0 0 3868454 7328600 110858 189305 0 0 0 0 3979312 7517905 581031 396000 0 0 1562117 1959818 0 0 62199 590869 646714 2734017 3002532 1245295 4515373 11558653 15917380 4766121 4609475 6792532 11307905 X THE CENTER FOR ECONOMIC DEMOCRACY [C.E.D.] IS A U.S. SOCIAL MOVEMENT BUILDING ORGANIZATION, GROWING CAPACITY IN OUR COMMUNITIES TO TRANSFORM AMERICAN CAPITALISM INTO A MORE JUST, SUSTAINABLE AND DEMOCRATIC ECONOMY. 0 0 2446355 396000 189305 IN 2022 CED CONTINUED TO WORK IN COALITION WITH COMMUNITY PARTNERS TO ADVANCE PARTICIPATORY BUDGETING IN THE CITY OF BOSTON BY FOCUSING ON PASSING A CITY ORDINANCE TO ESTABLISH THE OFFICE OF PARTICIPATORY BUDGETING AND A DETAILED PROCESS TO IMPLEMENT THE PARTICIPATORY BUDGETING PROCESS WHICH WAS WON LAST YEAR. WE ALSO PROVIDED EDUCATIONAL TRAINING TO STUDENTS FROM AROUND THE COUNTRY (E4E) AND DEVELOPED NEW CURRICULUM TO ADD ONTO OUR EXISTING PROGRAMMING (MFFS, E4E 201) AND HOSTED A STATEWIDE COALITION TO SUPPORT COOPERATIVES AND WORKER OWNERSHIP WHICH PASSED THE MASSCEO ENABLING ACT, CREATING A STANDING OFFICE WITHIN THE MA OFFICE OF BUSINESS DEVELOPMENT TO PROMOTE WORKER OWNERSHIP STATEWIDE. ADDITIONALLY, WE MANAGED COMMUNITY GOVERNED FUNDS THAT MADE GRANTS AND LOANS TO NONPROFITS AND SOCIAL ENTERPRISES (SEI) AND PUBLISHED A NEW PAPER INTRODUCING THE CONCEPT OF SOCIAL MOVEMENT INVESTING. 2446355 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 62 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA AL AR AK CA CO CT DC FL GA IL KS KY ME MD MI MN NJ NV NH NM NY NC ND OH OK OR PA RI SC UT VA WA WI WV X THE ORGANIZATION 8778295500 769 CENTRE STREET 143 BOSTON MA 02130 KHALIDA SMALLS DIRECTOR 2.00 X 0 0 0 FARHAD EBRAHIMI DIRECTOR 2.00 X 0 0 0 SARAH JIMENEZ TREASURER 2.00 X X 0 0 0 PENN LOH PRESIDENT 2.00 X X 0 0 0 MARIA CHRISTINA BLANCO BOARD CLERK/OPERATION MANAGER 42.00 X 60614 0 13858 AARON TANAKA EXECUTIVE DIRECTOR 40.00 X 64897 0 9665 MARTIN FAMILIA SR. DIRECTOR OF FINANCE & HR 40.00 X 100775 0 10354 226286 0 33877 1 0 0 0 0 7328600 7328600 PROGRAM SERVICE FEES 900099 182990 182990 MEMBERSHIP FEES 900099 6315 6315 189305 7517905 189305 0 0 X 396000 396000 260163 205179 50082 4902 1412331 1113843 271872 26616 31619 24937 6087 595 121334 95691 23356 2287 134371 105972 25866 2533 11365 11365 27737 27737 301267 280335 20932 48876 48876 27754 10319 7376 10059 68769 42506 26263 29783 18639 10146 998 11666 11028 437 201 43863 27634 2604 13625 58575 58575 17059 6821 9855 383 3002532 2446355 493978 62199 4886933 5002968 5322161 5986457 1095041 4413106 211320 268108 43198 46741 200000 11558653 15917380 160631 181400 4605490 4428075 4766121 4609475 X 1911056 2634774 4881476 8673131 6792532 11307905 11558653 15917380 4515373 0 X X 0 1 X 1 0 X 1140445 3126495 6122900 3868454 7328600 21586894 1140445 3126495 6122900 3868454 7328600 21586894 4879250 16707644 21586894 535603 0.77400 0.68750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 34630 34630 2411725 2446355 272318 68080 0 0 272318 272318 408477 34630 34630 68080 68080 102120 0 X 7688499 170594 170594 7517905 0 7517905 3173126 170594 170594 3002532 0 3002532 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF DECEMBER 31, 2022, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF DECEMBER 31, 2022. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. 1 RESIST PO BOX 301240 JAMAICA PLAIN MA 02130 042433182 501(C)3 150000 0 GRANT TO RESOURCE ORGANIZING PROJECT & MOVEMENT SPACE DUDLEY STREET NEIGHBORHOOD INITIATIVE 550 DUDLEY STREET ROXBURY MA 02119 042859066 501(C)3 120000 0 GRANT TO SUPPORT COMMUNITY LAND TRUST COMMUNITY LABOR UNITED INC 8 BEACON STREET 5TH FLOOR BOSTON MA 02108 203404034 501(C)3 20000 0 GRANT FOR GENERAL OPERATING EXPENSES - NEU4J AYNI INSTITUTE 19 MERIDIAN STREET 2ND FL NO 4 BOSTON MA 02128 812119468 501(C)3 20000 0 GRANT FOR GENERAL OPERATING EXPENSES - NEIGHBORS UNITED FOR A BETTER EAST BOSTON BRAZILIAN WOMEN'S GROUP 697 CAMBRIDGE STREET SUITE 106 BRIGHTON MA 02135 043549382 501(C)3 20000 0 GRANT FOR GENERAL OPERATING EXPENSES CHINATOWN PEOPLE PROGRESSIVE ASSOCIATION 28 ASH STREET BOSTON MA 02111 042631569 501(C)3 20000 0 GRANT FOR GENERAL OPERATING EXPENSES URBAN REVIVAL DBA CITY LIFEVIDA URBAN 284 AMORY STREET JAMAICA PLAIN MA 02130 042660311 501(C)3 20000 0 GRANT FOR GENERAL OPERATING EXPENSES NEIGHBOR TO NEIGHBOR MASSACHUSETTS 15 COURT SQUARE SUITE 345 BOSTON MA 02108 043507714 501(C)4 20000 0 GRANT FOR GENERAL OPERATING EXPENSES ROXBURY CULTURAL DISTRICT 20 EUSTIS STREET BOSTON MA 02119 825330931 501(C)3 6000 0 SUMMER 2022 NUBIAN NIGHTS ARTS-BASED COMMUNITY ACTIVATION PROGRAM IN BOSTON 8 1 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR PERFORM A DETAILED REVIEW OF THE FORM 990. ONCE APPROVED, A COPY OF THE FINAL FORM 990 IS PROVIDED TO ALL OTHER BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 1. DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST . D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT . 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: A. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, THE BOARD OF DIRECTORS APPROVES THE YEARLY BUDGET WHICH INCLUDES THE COMPENSATION FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTOR SERVICES: PROGRAM SERVICE EXPENSES 273,673. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 273,673. OPERATIONS: PROGRAM SERVICE EXPENSES 6,662. MANAGEMENT AND GENERAL EXPENSES 20,932. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,594. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.