Washington Center For Equitable Growth Inc
- Assets
- $7.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 50
- Location
- Washington, DC
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-4464400
Organization Overview
Washington Center For Equitable Growth Inc is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2023, Washington Center For Equitable Growth Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Center For Equitable Growth Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Washington Center For Equitable Growth Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $7.7m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 8 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.
Since 2016, Washington Center For Equitable Growth Inc has awarded 214 individual grants totaling $11,581,480. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WASHINGTON CENTER FOR EQUITABLE GROWTH IS A NON-PROFIT RESEARCH AND GRANTMAKING ORGANIZATION DEDICATED TO IMPROVING THE UNDERSTANDING OF EQUITABLE GROWTH AND INEQUALITY BY SUPPORTING NEW ACADEMIC RESEARCH AND BRINGING TOGETHER SCHOLARS TO SHARE THEIR WORK - BUILD A STRONGER BRIDGE BETWEEN ACADEMICS AND POLICYMAKERS TO HELP ENSURE THAT RESEARCH ON EQUITABLE GROWTH AND INEQUALITY IS RELEVANT, ACCESSIBLE, AND INFORMATIVE TO THE POLICYMAKING PROCESS -SHARE A RIGOROUS, FACT BASED NATIONAL DEBATE ON EQUITABLE GROWTH AND INEQUALITY BY FACILITATING SCHOLARS' PARTICIPATION IN THE MEDIA AND INVESTING IN A SOPHISTICATED IN-HOUSE COMMUNICATIONS AND SOCIAL MEDIA EFFORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAMS: EQUITABLE GROWTH'S GRANTS AND RESEARCH PROGRAMS AIM TO IMPROVE OUR UNDERSTANDING OF INEQUALITY AND GROWTH BY SUPPORTING NEW RESEARCH AND BRINGING SCHOLARS TOGETHER TO SHARE THEIR WORK.
OTHER PROGRAM SERVICES INCLUDE: TAXATION OF CAPITAL, DATA MEASUREMENT AND DISAGGREGATION, COMPETITION, FAMILY ECONOMIC SECURITY, MACRO POLICY FRAMEWORK, BOOSTING WAGE GROWTH, MOBILITY, AND GOVERNMENT AND EXTERNAL RELATIONS.
POLICY AND ADVOCACY: EQUITABLE GROWTH'S TEAM ELEVATES NEW RESEARCH AND POLICY-RELEVANT ANALYSIS BY INVESTING AND ENGAGING IN ROBUST OUTREACH TO ENSURE NEW FINDINGS ARE DISCUSSED PROMINENTLY IN ACADEMIC AND POLICY CIRCLES IN WASHINGTON AND AROUND THE COUNTRY.
COMMUNICATIONS AND MARKETING: EQUITABLE GROWTH'S TEAM WORKS TO BUILD A STRONGER BRIDGE BETWEEN ACADEMICS AND POLICYMAKERS TO HELP ENSURE THAT RESEARCH ON INEQUALITY AND GROWTH IS CREDIBLE, RELEVANT, ACCESSIBLE, AND INFORMATIVE TO THE POLICYMAKING PROCESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Daetz Board Chair | OfficerTrustee | 1 | $0 |
Byron Auguste Board Secretary | OfficerTrustee | 1 | $0 |
Mehrsa Baradaran Member At Large | Trustee | 1 | $0 |
Ira Fishman Board Treasurer | OfficerTrustee | 1 | $0 |
Shayna Strom President & CEO | OfficerTrustee | 40 | $292,064 |
Melissa Grober-Morrow Vice President | OfficerTrustee | 40 | $195,526 |
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 | $6,337,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,337,085 |
| Total Program Service Revenue | $0 |
| Investment income | $937 |
| 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 | $6,349,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $773,300 |
| Grants and other assistance to domestic individuals. | $30,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $719,679 |
| Compensation of current officers, directors, key employees. | $351,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,938,779 |
| Pension plan accruals and contributions | $195,470 |
| Other employee benefits | $524,217 |
| Payroll taxes | $366,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,050 |
| Fees for services: Accounting | $38,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $479,167 |
| Advertising and promotion | $0 |
| Office expenses | $10,531 |
| Information technology | $264,451 |
| Royalties | $0 |
| Occupancy | $129,580 |
| Travel | $32,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,144 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,456 |
| Insurance | $26,846 |
| All other expenses | -$24,677 |
| Total functional expenses | $7,699,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,252,381 |
| Pledges and grants receivable | $182,548 |
| Accounts receivable, net | $24,568 |
| 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 | $61,966 |
| Net Land, buildings, and equipment | $25,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,546,618 |
| Accounts payable and accrued expenses | $383,054 |
| Grants payable | $605,300 |
| Deferred revenue | $0 |
| 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 | $988,354 |
| Net assets without donor restrictions | $3,461,030 |
| Net assets with donor restrictions | $3,097,234 |
| 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 | $7,546,618 |
Grants Awarded
Over the last fiscal year, Washington Center For Equitable Growth Inc has awarded $750,300 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY PURPOSE: DESIGNING CLIMATE ADAPTATION FUNDING PORTFOLIOS FOR EQUITY AND EFFICIENCY | $55,000 |
CORNELL UNIVERSITY PURPOSE: CHANGING CLIMATE FOR UNION ORGANIZING: NON-BOARD CAMPAIGNS 2016-2022 | $75,000 |
CORNELL UNIVERSITY PURPOSE: LONG TERM OWN AND DYNAMIC COMPLEMENTARITY EFFECTS OF THE WIC PROGRAM | $15,000 |
UNIVERSITY OF WASHINGTON PURPOSE: THE CHILD CARE WORKFORCE AND COVID: COMMUNITY CAPACITY AND INVESTMENTS AS BUFFERS TO THE PANDEMIC | $60,000 |
YALE UNIVERSITY PURPOSE: TRACKING HOSPITAL MERGERS AND UNDERSTANDING WHICH MARKETS ARE CHANGING | $55,000 |
APPALACHIAN STATE UNIVERSITY PURPOSE: GUARANTEED INCOME FACILITATE WEALTH AND CREDIT BUILDING AMONG BLACK HOUSEHOLDS IN GEORGIA | $40,000 |