The Washington Center For Internships And Academic Seminars
- Assets
- $34.4m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 412
- Location
- Washington, DC
- Founding
- 11/1975
- Data as of
- 12/2023
- EIN
- 52-1019820
Organization Overview
The Washington Center For Internships And Academic Seminars is located in Washington, DC. The organization was established in 1975. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Washington Center For Internships And Academic Seminars employed 412 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Center For Internships And Academic Seminars 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 Internships And Academic Seminars generated $19.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $19.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. 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
TO PROVIDE INTERNSHIP PROGRAMS AND ACADEMIC/PROFESSIONAL SEMINARS TO U.S. AND INTERNATIONAL PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INTERNSHIP PROGRAM AND RESIDENTIAL SERVICES - RESPONSIBLE FOR PROVIDING EXPERIENTIAL EDUCATION, GUIDANCE AND SUPERVISION TO LEARNERS OF ALL AGES. PARTICIPANTS ARE INVOLVED IN INTERNSHIPS IN THE PUBLIC, PRIVATE AND NON-PROFIT SECTORS. IN ADDITION TO SUPERVISION AND DEVELOPMENT IN THE INTERNSHIP SITE, PARTICIPANTS RECEIVE EDUCATION AROUND PROFESSIONAL DEVELOPMENT, LEADERSHIP AND CIVIC ENGAGEMENT IN SMALL CLASS SETTINGS AND THROUGH EXPOSURE TO PROMINENT SPEAKERS AND LEADERS. HOUSING IS OPTIONAL, BUT A FULL ARRAY OF STUDENT SERVICES ARE PROVIDED AND COMMUNITY MANAGERS ARE AVAILABLE 24/7. MOST PARTICIPANTS MAY EARN FULL ACADEMIC CREDIT FROM THEIR HOME INSTITUTIONS OR SCHOOL OF RECORD.
THEMATICALLY BASED, SHORT TERM (UP TO 8 DAYS), HIGH IMPACT SEMINARS PARTICIPANTS MAY EARN ACADEMIC CREDIT FOR THE EXPERIENCE THROUGH THEIR HOME INSTITUTION. STRUCTURED AROUND PROMINENT GUEST SPEAKERS AND RELATED DC-BASED SITE VISITS. TOPICS INCLUDE FEDERAL GOVERNMENT POLICY, NATIONAL AND CYBER SECURITY, AND PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Churches President | OfficerTrustee | 37.5 | $470,395 |
Dr Susan Pannullo Board Chair | OfficerTrustee | 2 | $0 |
Paige Warren Vice Chair | OfficerTrustee | 2 | $0 |
Vicki E Allums JD Director | Trustee | 1 | $0 |
Carol Ann Blinken Director | Trustee | 1 | $0 |
Dr Connie Book Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcum Llp Accounting & Technology Services | 12/30/23 | $220,547 |
The Group Dc Llc Lobbying Services | 12/30/23 | $105,000 |
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 | $813,965 |
| Noncash contributions included in lines 1a–1f | $105,478 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,965 |
| Total Program Service Revenue | $17,672,402 |
| Investment income | $133,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $308,041 |
| 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 | $19,073,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,526,063 |
| Grants and other assistance to Foreign Orgs/Individuals | $73,971 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,237,014 |
| Compensation of current officers, directors, key employees. | $296,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,003,400 |
| Pension plan accruals and contributions | $129,111 |
| Other employee benefits | $442,278 |
| Payroll taxes | $651,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,863 |
| Fees for services: Accounting | $183,929 |
| Fees for services: Lobbying | $547,350 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,877,469 |
| Advertising and promotion | $0 |
| Office expenses | $159,703 |
| Information technology | $496,333 |
| Royalties | $0 |
| Occupancy | $1,592,561 |
| Travel | $433,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,975 |
| Interest | $1,158,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $846,860 |
| Insurance | $0 |
| All other expenses | $23,093 |
| Total functional expenses | $19,501,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,178,381 |
| Savings and temporary cash investments | $4,607,647 |
| Pledges and grants receivable | $67,410 |
| Accounts receivable, net | $1,888,701 |
| 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 | $553,151 |
| Net Land, buildings, and equipment | $25,678,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $384,935 |
| Total assets | $34,358,514 |
| Accounts payable and accrued expenses | $964,940 |
| Grants payable | $0 |
| Deferred revenue | $542,096 |
| 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 | $27,030,064 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $226,519 |
| Total liabilities | $28,763,619 |
| Net assets without donor restrictions | $2,898,787 |
| Net assets with donor restrictions | $2,696,108 |
| 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 | $34,358,514 |