Professional Services Council Inc
- Assets
- $7.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Arlington, VA
- Founding
- 08/1973
- Data as of
- 12/2023
- EIN
- 23-7265144
Organization Overview
Professional Services Council Inc is located in Arlington, VA. The organization was established in 1973. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Professional Services Council Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Services Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Professional Services Council Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BEING THE LEADING ADVOCATE AND RESOURCE FOR THE FEDERAL GOVERNMENT, PROFESSIONAL AND TECH INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL CONDUCTS A BROAD-BASED ADVOCACY PROGRAM TO EDUCATE AND INFORM MEMBERS ON IMPORTANT ISSUES, PUBLIC POLICY AND REGULATORY ISSUES THAT IMPACT THE RELATIONSHIP BETWEEN THE PROFESSIONAL AND TECHNOLOGY SERVICE CONTRACTORS AND THE GOVERNMENT. THE COUNCIL PROVIDES VARIOUS ACTIVITIES TO ACCOMPLISH THIS OBJECTIVE WHICH INCLUDE:PSC'S FIVE COUNCILS:1. THE ACQUISITION AND BUSINESS POLICY COUNCIL DEVELOPS PSC'S POSITION AND TAKES ACTION ON MAJOR PROCUREMENT, COST CUTTING AND ACQUISITION POLICY ISSUES.2. THE TECHNOLOGY COUNCIL DEVELOPS PSC'S POSITIONS AND TAKES ACTION ON HOW TECHNOLOGY IS CHANGING THE FEDERAL GOVERNMENT MARKETPLACE AND PROMOTES THE USE OF INNOVATION AND COMMERCIAL BEST PRACTICES.3. THE COUNCIL OF INTERNATIONAL DEVELOPMENT COMPANIES IS PSC'S ADVOCACY PLATFORM FOR U.S. DEVELOPMENT COMPANIES TO PURSUE THOUGHT LEADERSHIP AND DIALOGUE WITH THE USAID AND OTHER AGENCIES.4. THE DEFENSE AND INTELLIGENCE COUNCIL COORDINATES PSC'S ACTIVITIES RELATING TO THE INTELLIGENCE COMMUNITY, THE MILITARY SERVICES AND OTHER DEFENSE COMMANDS AND COMPONENTS.5. THE CIVILIAN AGENCIES COUNCIL FOCUSES ON THE ACQUISITION POLICIES AND STRATEGIES OF THE CIVILIAN AGENCIES, INCLUDING HOMELAND SECURITY, VETERANS' AFFAIRS, ENERGY AND HEALTH.OTHER PROGRAM HIGHLIGHTS INCLUDE:1. ANNUAL CONFERENCE ATTENDED BY OVER 470 MEMBERS.2. DEFENSE AND INTELLIGENCE CONFERENCE ATTENDED BY OVER 130 ATTENDEES.3. INTERNATIONAL DEVELOPMENT CONFERENCE ATTENDED BY OVER 225 ATTENDEES.4. FEDERAL ACQUISITION CONFERENCE ATTENDED BY OVER 190 MEMBERS.5. TECH TRENDS CONFERENCE (NOT HELD THIS YEAR)6. FEDERAL HEALTH CONFERENCE ATTENDED BY OVER 180 MEMBERS.7. LAW ENFORCEMENT CONFERENCE ATTENDED BY OVER 240 MEMBERS.8. LEADERSHIP SUMMIT ATTENDED BY OVER 80 MEMBERS.9. NUMEROUS EDUCATIONAL AND TRAINING EVENTS.10. PUBLICATION OF A DAILY ELECTRONIC NEWSLETTER.11. PUBLICATION OF A QUARTERLY MAGAZINE.12. FACILITATE REGULARLY SCHEDULED COMMITTEE AND TASK FORCE MEETINGS ADDRESSING VARIOUS ASPECTS OF GOVERNMENT ACTIVITY DIRECTLY AFFECTING THE MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carey Smith Chair | OfficerTrustee | 5 | $0 |
Zachary Parker Vice Chair | OfficerTrustee | 5 | $0 |
John Heller Secretary | OfficerTrustee | 5 | $0 |
Kathy Albarado Director (end 9/30/23) | Trustee | 1 | $0 |
Brad Antle Director | Trustee | 1 | $0 |
Steve Arnette Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenbrier Conference Center | 12/30/23 | $703,832 |
Cni It Support | 12/30/23 | $135,230 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,698,363 |
| Investment income | $144,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,843,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,962,253 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,831,893 |
| Pension plan accruals and contributions | $79,870 |
| Other employee benefits | $260,891 |
| Payroll taxes | $230,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,925 |
| Advertising and promotion | $103,485 |
| Office expenses | $264,219 |
| Information technology | $299,735 |
| Royalties | $0 |
| Occupancy | $389,334 |
| Travel | $11,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,069,931 |
| Interest | $1,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,677 |
| Insurance | $17,587 |
| All other expenses | $0 |
| Total functional expenses | $6,740,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $978,990 |
| Savings and temporary cash investments | $3,338,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $198,834 |
| Net Land, buildings, and equipment | $317,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,773,102 |
| Total assets | $7,694,607 |
| Accounts payable and accrued expenses | $615,813 |
| Grants payable | $0 |
| Deferred revenue | $2,146,805 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,230,686 |
| Total liabilities | $4,993,304 |
| Net assets without donor restrictions | $2,701,303 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,694,607 |