Greater Washington Board Of Trade

Organization Overview

Greater Washington Board Of Trade is located in Washington, DC. The organization was established in 1940. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Greater Washington Board Of Trade employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Washington Board Of Trade 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, Greater Washington Board Of Trade generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SEE PART III, LINE 1.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAMS AND EVENTS: THE BOARD OF TRADE HOSTS WEEKLY MEETINGS, CONFERENCES, RECEPTIONS, AND OTHER EVENTS FOR ITS MEMBER ORGANIZATIONS AND OTHER LEADERS IN THE COMMUNITY. THESE ACTIVITIES FACILITATE LEARNING, NETWORKING, AND PROBLEM SOLVING, HELPING PARTICIPANTS TO MEET NEAR-TERM BUSINESS OBJECTIVES AS WELL AS CONTRIBUTE TO THE DEVELOPMENT OF THE REGION.


GOVERNMENT RELATIONS: THE BOARD OF TRADE MAINTAINS PRODUCTIVE RELATIONSHIPS WITH POLICYMAKERS THROUGHOUT THE REGION AND ADVOCATES FOR GOVERNMENT ACTION THAT SUPPORTS LONG-TERM, BROAD-BASED ECONOMIC GROWTH.


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Board, Officers & Key Employees

Name (title)Compensation
Jack Mcdougle
President & CEO
$479,018
Jermaine Johnson
Chair
$0
Steve Proctor
Chair Elect
$0
Marty Rodgers
Secretary
$0
Nora Gardner
Assistant Secretary
$0
Cecilia Hodges
Treasurer
$0

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$773,900
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$773,900
Total Program Service Revenue$2,909,830
Investment income $9,796
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 $3,694,359

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