Directtrust Org Inc
- Assets
- $3.6m
- Revenue
- $5.1m
- Investments
- $446.0k
- Employees
- 8
- Location
- Washington, DC
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 46-0537086
Organization Overview
Directtrust Org Inc is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Directtrust Org Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Directtrust Org 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, Directtrust Org Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 22.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED GROWTH IN NETWORK END-USERS OF DIRECT EXCHANGE INCLUDING HOSPITALS, MEDICAL PRACTICES AND OTHER HEALTH CARE PROFESSIONAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Stuewe President CEO | OfficerTrustee | 40 | $310,791 |
Shaun Newton Director | Trustee | 3 | $0 |
James Murray Director | Trustee | 3 | $0 |
Jessica Varnell Director | Trustee | 3 | $0 |
Stephanie Zaremba Director | Trustee | 3 | $0 |
Adam Apatoff Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Provision Productions Administration | 12/30/23 | $396,807 |
Moserhaus Consulting Llc Assessor | 12/30/23 | $362,322 |
The Clayton Group Assessor | 12/30/23 | $324,556 |
Crowell & Moring Legal | 12/30/23 | $255,010 |
Free By Birth Inc Assessor | 12/30/23 | $213,541 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $553,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,500 |
| Total Program Service Revenue | $3,293,949 |
| Investment income | $15,263 |
| 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 | $5,083,849 |
| 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. | $1,080,483 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,306 |
| Payroll taxes | $80,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $160,889 |
| Fees for services: Accounting | $43,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,690,260 |
| Advertising and promotion | $165,071 |
| Office expenses | $41,889 |
| Information technology | $349,624 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,629 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,580 |
| Insurance | $20,948 |
| All other expenses | $12,713 |
| Total functional expenses | $3,988,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,485 |
| Savings and temporary cash investments | $85,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $878,559 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $445,963 |
| Investments—program-related | $0 |
| Intangible assets | $1,851,767 |
| Other assets | $188,485 |
| Total assets | $3,581,503 |
| Accounts payable and accrued expenses | $205,548 |
| Grants payable | $0 |
| Deferred revenue | $1,977,558 |
| 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 | $0 |
| Total liabilities | $2,183,106 |
| Net assets without donor restrictions | $0 |
| 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 | $1,398,397 |
| Total liabilities and net assets/fund balances | $3,581,503 |