The Economic Club Of Washington Dc
- Assets
- $12.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 08/1987
- Data as of
- 06/2021
- EIN
- 52-1469926
Organization Overview
The Economic Club Of Washington Dc is located in Washington, DC. The organization was established in 1987. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 06/2021, Economic Club Of Washington DC employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Club Of Washington DC 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 06/2021, Economic Club Of Washington DC generated $5.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM FOR THE STUDY & DISCUSSION OF TIMELY ECONOMIC, BUSINESS & PUBLIC POLICY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAMS:COLLEGE SCHOLARSHIPS IN THE AMOUNT OF $20,000 EACH ARE AWARDED TO UP TO 53 WASHINGTON, DC, PUBLIC AND CHARTER HIGH SCHOOL SENIORS BASED ON ACADEMIC ACHIEVEMENT AND OTHER FACTORS. WITH OVERSIGHT PROVIDED BY THE EDUCATION COMMITTEE, EXTENSIVE ADDITIONAL SUPPORT IS PROVIDED TO STUDENTS SELECTED FOR THE SCHOLARSHIP AWARD INCLUDING MENTORING, SUMMER JOBS, AND OTHER SEMINARS DEVISED TO ENHANCE SUCCESSFUL GRADUATION FROM COLLEGE AND JOB OPPORTUNITIES. THROUGH A VIGOROUS APPLICATION PROCESS, FELLOWSHIPS IN THE AMOUNT OF $10,000 EACH ARE AWARDED TO UP TO 3 DESERVING AND QUALIFIED DOCTORAL CANDIDATE STUDENTS STUDYING AREAS OF INTEREST TO THE ECONOMIC CLUB OF WASHINGTON, DC, AND WHO ARE CURRENTLY ENROLLED AT COLLEGES AND UNIVERSITIES WITHIN THE CONSORTIUM OF UNIVERSITIES IN THE WASHINGTON METROPOLITAN AREA.
PROGRAM EVENTS: REGULAR VIRTUAL EVENTS THROUGH MEANS OF INVITATION AND REGISTRATION USING BROADLY AVAILABLE TECHNOLOGY PLATFORMS PROVIDING REGIONAL BUSINESS LEADERS AND THEIR GUESTS THE OPPORTUNITY TO HEAR FEATURED SPEAKERS AND GAIN A BETTER UNDERSTANDING OF ECONOMIC ISSUES. THESE SIGNATURE EVENTS PROMOTE A GREATER SENSE OF COMMUNITY AMONG THE AREA'S TOP EXECUTIVES, REGIONAL AND NATIONAL GOVERNMENT OFFICIALS, AND THE DIPLOMATIC COMMUNITY. ADDITIONAL VIRTUAL EVENTS PROVIDE MEMBERS REGULAR OPPORTUNITY FOR SMALL-GROUP PEER INTERACTION. MORE FREQUENT MEMBER LED FORUMS THAT FOSTER COMMUNITY EDUCATION THROUGH TOPIC DRIVEN DISCUSSIONS. THESE FORUMS AS WELL AS REGULAR EXECUTIVE CONVERSATIONS ALLOW SELECT MEMBERS TO GAIN IN-DEPTH KNOWLEDGE ABOUT VITAL BUSINESS AND ECONOMIC ISSUES OF THE DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary C Brady Executive Director | 48 | $537,700 | |
Judi Irastorza Speaker And Media Relations | Officer | 40 | $131,346 |
Craig Lejeune Director, Finance & Administration | Officer | 40 | $120,700 |
David M Rubenstein President | OfficerTrustee | 2 | $0 |
Brian Kelly VP Of Programs | OfficerTrustee | 0.5 | $0 |
Meredith Baker VP Of Membership | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Urban Alliance Internship Program Facilitators | 6/29/21 | $206,390 |
Capitol Image Counsel Strategic Consulting | 6/29/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,427,833 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,979,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,406,983 |
| Total Program Service Revenue | $3,534 |
| Investment income | $25,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,817 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,525,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,140,544 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $938,620 |
| Compensation of current officers, directors, key employees. | $194,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $617,568 |
| Pension plan accruals and contributions | $57,872 |
| Other employee benefits | $73,457 |
| Payroll taxes | $94,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $273 |
| Fees for services: Accounting | $81,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,954 |
| Fees for services: Other | $281,182 |
| Advertising and promotion | $0 |
| Office expenses | $151,568 |
| Information technology | $86,230 |
| Royalties | $0 |
| Occupancy | $148,459 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,210 |
| Interest | $1,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,606 |
| Insurance | $8,619 |
| All other expenses | $18,469 |
| Total functional expenses | $3,928,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $964,656 |
| Savings and temporary cash investments | $8,575,382 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,105,875 |
| 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 | $76,117 |
| Net Land, buildings, and equipment | $410,728 |
| Investments—publicly traded securities | $1,514,424 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,647,182 |
| Accounts payable and accrued expenses | $205,967 |
| Grants payable | $0 |
| Deferred revenue | $3,160,384 |
| 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 | $3,366,351 |
| Net assets without donor restrictions | $7,831,458 |
| Net assets with donor restrictions | $1,449,373 |
| 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 | $12,647,182 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Economic Club Of Washington Dc has recieved totaling $106,250.
| Awarding Organization | Amount |
|---|---|
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: DC SCHOLARSHIP PROGRAM | $100,000 |
American Gas Association Washington, DC PURPOSE: SPONSORSHIP | $6,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
Economic Policy Institute Washington, DC | $19,510,723 | $16,459,436 |
Washington Center For Equitable Growth Inc Washington, DC | $11,979,868 | $8,578,592 |
The Economic Club Of Washington Dc Washington, DC | $12,647,182 | $5,525,813 |
Better Markets Inc Washington, DC | $2,865,112 | $2,225,155 |
Partnership For A New American Economy Research Fund Inc Washington, DC | $0 | $2,102,379 |
The Institute For Financial Markets Washington, DC | $6,341,875 | $527,039 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |
Maryland Center On Economic Policy Inc Baltimore, MD | $515,217 | $676,248 |
International Freedom Educational Foundation Mc Lean, VA | $100,274 | $526,748 |
Council On Economic Education In Maryland Towson, MD | $797,975 | $596,282 |
Project Invest Alexandria, VA | $643,258 | $522,186 |