FURP.ORG / PUBLIC DATA EXPLORER

THE ECONOMIC CLUB OF WASHINGTON DC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE ECONOMIC CLUB OF WASHINGTON DC (EIN 52-1469926)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-09
IRS object ID
202441309349305274
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-09T18:04:33-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1901 N GLEBE ROAD SUITE 200AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521469926EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ECONOMIC CLUB OF WASHINGTON DCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlECONBusinessNameControlTxt
Phone2024813260PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11601 K STREET NW 210AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARY BRADYPersonNm
Person TitlePRESIDENT AND CEOPersonTitleTxt
Phone2024813260PhoneNum
Signature2024-05-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARYPersonFirstNm
Person LastBRADYPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT WILLIAMSPreparerPersonNm
PTINP01345960PTIN
Phone5712279500PhoneNum
Preparation2024-05-07PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARY BRADYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11601 K STREET NW 210AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,253,144GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ECONOMICCLUB.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1986FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionESTABLISHED IN 1986 AS A NONPROFIT, NONPARTISAN ORGANIZATION CREATED TO STRENGTHEN TIES AMONG THE DIVERSE AND GROWING BUSINESS COMMUNITY BASED IN METROPOLITAN WASHINGTON, D.C., AND WITH THE DIPLOMATIC COMMUNITY, THE ECONOMIC CLUB OF WASHINGTON, D.C. PROMOTES GLOBAL AWARENESS OF THE PIVOTAL ROLE WASHINGTON PLAYS IN THE NATIONAL AND WORLD ECONOMIES. ITS GOALS ARE TWOFOLD: TO PROVIDE A PROMINENT FORUM WHERE EMINENT GLOBAL LEADERS CAN SHARE THEIR INSIGHTS ABOUT MAJOR ISSUES OF THE DAY; AND TO PROMOTE A ROBUST PEER COMMUNITY FOR THE AREA'S TOP EXECUTIVES.ActivityOrMissionDesc
Voting Members Governing Body51VotingMembersGoverningBodyCnt
Voting Members Independent50VotingMembersIndependentCnt
Total Employee20TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,864,658PYContributionsGrantsAmt
CY Contributions Grants$6,546,808CYContributionsGrantsAmt
PY Program Service Revenue$24,525PYProgramServiceRevenueAmt
CY Program Service Revenue$94,145CYProgramServiceRevenueAmt
PY Investment Income$94,346PYInvestmentIncomeAmt
CY Investment Income$295,532CYInvestmentIncomeAmt
PY Other Revenue$798PYOtherRevenueAmt
CY Other Revenue$2,598CYOtherRevenueAmt
PY Total Revenue$5,984,327PYTotalRevenueAmt
CY Total Revenue$6,939,083CYTotalRevenueAmt
PY Grants And Similar Paid$1,289,306PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,052,385CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,816,356PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,255,621CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,970,628PYOtherExpensesAmt
CY Other Expenses$2,692,617CYOtherExpensesAmt
PY Total Expenses$5,076,290PYTotalExpensesAmt
CY Total Expenses$6,000,623CYTotalExpensesAmt
PY Revenues Less Expenses$908,037PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$938,460CYRevenuesLessExpensesAmt
Total Assets BOY$13,318,096TotalAssetsBOYAmt
Total Assets EOY$14,638,930TotalAssetsEOYAmt
Total Liabilities BOY$3,306,007TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,436,874TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$10,012,089NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,202,056NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE A FORUM FOR THE STUDY AND DISCUSSION OF TIMELY ECONOMIC, BUSINESS, AND POLITICAL ISSUES. TO INCREASE REGIONAL UNDERSTANDING OF NATIONAL AND INTERNATIONAL ECONOMIC ISSUES AMONGST THE REGION'S BUSINESS, PROFESSIONAL, GOVERNMENTAL, AND INTERNATIONAL LEADERSHIP. PLAYING A VALUED AND VISIBLE LEADERSHIP ROLE IN THIS REGION THROUGH SUPPORTING OUR BUSINESS COMMUNITY IN WAYS THAT STRENGTHEN THE LARGER COMMUNITY THROUGH DEVELOPING OPPORTUNITIES FOR EDUCATION AND EMPLOYMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,121,701ExpenseAmt
Grant$0GrantAmt
Revenue$94,145RevenueAmt
DescPROGRAM EVENTS: PROVIDING REGIONAL BUSINESS LEADERS AND THEIR GUESTS THE OPPORTUNITY TO HEAR FEATURED SPEAKERS AND GAIN A BETTER UNDERSTANDING OF GLOBAL 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. THROUGHOUT THE YEAR, OUR MEMBERS GATHER TO LISTEN TO, AND LEARN FROM, THOUGHT-LEADERS IN THE GLOBAL BUSINESS, POLICY, AND DIPLOMATIC SECTORS. EXECUTIVE CONVERSATIONS GENERALLY ARE SMALL-GROUP GATHERINGS OF APPROXIMATELY 30-75 MEMBERS. THE INTIMATE SETTING ALLOWS CLUB MEMBERS TO INTERACT WITH SPEAKERS THROUGH AN IN-DEPTH EXPLORATION OF COMPELLING GLOBAL TOPICS OF INTEREST TO THE BUSINESS WORLD. ADDITIONAL VIRTUAL EVENTS PROVIDE MEMBERS REGULAR OPPORTUNITY FOR SMALL-GROUP PEER INTERACTION. THESE VIRTUAL SESSIONS INCLUDE MORE FREQUENT MEMBER LED FORUMS THAT FOSTER COMMUNITY EDUCATION THROUGH TOPIC DRIVEN DISCUSSIONS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,789,651ExpenseAmt
Grant$1,052,385GrantAmt
Revenue$0RevenueAmt
DescSCHOLARSHIP PROGRAMS:COLLEGE SCHOLARSHIPS IN THE AMOUNT OF $20,000 EACH ARE AWARDED TO UP TO 55 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, INTERNSHIPS, AND OTHER SEMINARS DEVISED TO ENHANCE SUCCESSFUL GRADUATION FROM COLLEGE AND PROVIDE JOB OPPORTUNITIES. THROUGH A VIGOROUS APPLICATION PROCESS, UP TO 3 FELLOWSHIPS IN THE AMOUNT OF $10,000 ARE ALSO AWARDED TO PRIOR SCHOLARSHIP WINNERS TO SUPPORT GRADUATE-LEVEL STUDY ACROSS ALL DISCIPLINES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$995,133ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescMEMBERSHIP:THE ECONOMIC CLUB OF WASHINGTON, D.C. IS A NONPROFIT, PEER GROUP ORGANIZATION. OUR EXCLUSIVE MEMBERSHIP IS RESTRICTED TO EXECUTIVE-LEVEL LEADERS OF TOP TIER BUSINESSES BASED IN THE WASHINGTON REGION. THROUGH OUR PROGRAMS, MEMBERS GAIN VALUABLE INSIGHT INTO CRITICAL GLOBAL ECONOMIC, BUSINESS, AND POLITICAL ISSUES THAT IMPACT THEIR COMPANIES' SUCCESS. THEY ALSO INTERACT WITH PEERS IN WAYS THAT STRENGTHEN THE AREA BUSINESS COMMUNITY AND SUPPORT THEIR ABILITY TO EFFECTIVELY GUIDE THEIR FIRMS' COMMERCE. ECONOMIC CLUB MEMBERS INCLUDE HEADS OF REGIONAL AND NATIONAL CORPORATIONS, ENTREPRENEURS, INVESTMENT PROFESSIONALS, GOVERNMENT AFFAIRS EXPERTS, LAWYERS, ACCOUNTANTS, AND BUSINESS LEADERS FROM THE WASHINGTON, D.C. REGION. THIS EXECUTIVE FELLOWS PROGRAM WELCOMES INDIVIDUALS FROM ANNUAL SPONSOR ORGANIZATIONS AND PROVIDES OPPORTUNITIES TO DEVELOP AND CULTIVATE LEADERSHIP SKILLS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$214,725ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$214,725TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$5,121,210TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document22IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee20EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members51GoverningBodyVotingMembersCnt
Independent Voting Member50IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JESSALYN VERMILLION CHIEF ACCOUNTING & FINANCE OFFICERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2024813260PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11601 K STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (56 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARY BRADY
PRESIDENT & CEO48.00Yes (X)Yes (X)$542,407$0$66,245
JUDI IRASTORZA
SVP, COMMUNICATIONS40.00$153,017$0$47,571Yes (X)
JESSALYN VERMILLION
CHIEF ACCOUNTING & FINANCE OFFICER40.00Yes (X)$146,173$0$24,997
MARA-LISE DEYCHAK
DIRECTOR, CORPORATE ENGAGEMENT40.00$113,257$0$23,192Yes (X)
JEFFREY GERMAK
DIRECTOR, ADMINISTRATION40.00$106,757$0$16,717Yes (X)
DAVID RUBENSTEIN
CHAIR2.00Yes (X)Yes (X)$0$0$0
CAROL MELTON
VICE CHAIR0.50Yes (X)Yes (X)$0$0$0
GINA ADAMS
VICE CHAIR0.50Yes (X)Yes (X)$0$0$0
TERESA CARLSON
SECRETARY0.50Yes (X)Yes (X)$0$0$0
JAKE JONES
TREASURER0.50Yes (X)Yes (X)$0$0$0
TONY PIERCE
GENERAL COUNSEL0.50Yes (X)Yes (X)$0$0$0
TERRI MCCLEMENTS
CHAIR - AUDIT & COMPLIANCE0.50Yes (X)Yes (X)$0$0$0
BARBARA HUMPTON
CHAIR - GLOBAL INITIATIVE0.50Yes (X)Yes (X)$0$0$0
DAVE POLLIN
CHAIR - CORPORATE ENGAGEMENT0.50Yes (X)Yes (X)$0$0$0
ROBERT ALLBRITTON
CHAIR - PROGRAMS0.50Yes (X)Yes (X)$0$0$0
MEREDITH BAKER
CO-CHAIR - MEMBERSHIP0.50Yes (X)Yes (X)$0$0$0
KEVIN VIROSTEK
CO-CHAIR - MEMBERSHIP0.50Yes (X)Yes (X)$0$0$0
CANDI WOLFF
CO-CHAIR - NOMINATING0.50Yes (X)Yes (X)$0$0$0
TIMOTHY MCBRIDE
CO-CHAIR - NOMINATING0.50Yes (X)Yes (X)$0$0$0
JANE ADAMS
BOARD MEMBER0.30Yes (X)$0$0$0
USMAN AHMED
BOARD MEMBER0.30Yes (X)$0$0$0
KENDRICK ASHTON
BOARD MEMBER0.30Yes (X)$0$0$0
TONI BUSH
BOARD MEMBER0.30Yes (X)$0$0$0
RICHARD BYNUM
BOARD MEMBER0.30Yes (X)$0$0$0
SUZANNE CLARK
BOARD MEMBER0.30Yes (X)$0$0$0
TIM COUGHLIN
EX-OFFICIO0.30Yes (X)$0$0$0
MONICA DALWADI
BOARD MEMBER0.30Yes (X)$0$0$0
PHIL DE PICCIOTTO
BOARD MEMBER0.30Yes (X)$0$0$0
LARRY DI RITA
BOARD MEMBER0.30Yes (X)$0$0$0
TERRI FARIELLO
BOARD MEMBER0.30Yes (X)$0$0$0
WAYNE FREDERICK
BOARD MEMBER0.30Yes (X)$0$0$0
NORA GARDNER
BOARD MEMBER0.30Yes (X)$0$0$0
XIMENA GATES
BOARD MEMBER0.30Yes (X)$0$0$0
JORDAN GOLDSTEIN
BOARD MEMBER0.30Yes (X)$0$0$0
AMY GILLILAND
BOARD MEMBER0.30Yes (X)$0$0$0
XIMENA HARTSOCK
BOARD MEMBER0.30Yes (X)$0$0$0
TOM JOYCE
BOARD MEMBER0.30Yes (X)$0$0$0
MATT KELLY
BOARD MEMBER0.30Yes (X)$0$0$0
BRAD KNOX
BOARD MEMBER0.30Yes (X)$0$0$0
DEDE LEA
BOARD MEMBER0.30Yes (X)$0$0$0
JODIE MCLEAN
BOARD MEMBER0.30Yes (X)$0$0$0
KURT NEWMAN
BOARD MEMBER0.30Yes (X)$0$0$0
ERIC PELLETIER
BOARD MEMBER0.30Yes (X)$0$0$0
LINDA RABBITT
BOARD MEMBER0.30Yes (X)$0$0$0
HORACIO ROZANSKI
BOARD MEMBER0.30Yes (X)$0$0$0
KIMBERLY RUSSO
BOARD MEMBER0.30Yes (X)$0$0$0
KEN SAMET
BOARD MEMBER0.30Yes (X)$0$0$0
PETER SCHER
BOARD MEMBER0.30Yes (X)$0$0$0
KYLE SCHOPPMANN
BOARD MEMBER0.30Yes (X)$0$0$0
CHAD SWEET
BOARD MEMBER0.30Yes (X)$0$0$0
JULIE SWEET
BOARD MEMBER0.30Yes (X)$0$0$0
SUSAN TYNAN
BOARD MEMBER0.30Yes (X)$0$0$0
KATHRYN UNGER
BOARD MEMBER0.30Yes (X)$0$0$0
OMAR VARGAS
BOARD MEMBER0.30Yes (X)$0$0$0
ALEX WIRTH
BOARD MEMBER0.30Yes (X)$0$0$0
SHAWN WRIGHT
BOARD MEMBER0.30Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,061,611TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$178,722TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
FIRST HAND PRODUCTIONS
4411 MANOR LANEELLICOTT CITYMD21042AV/TECHNICAL PRODUCTION SUPPORT$390,369
BOWERY PROJECTS LLC
3327 RESERVOIR RD NWWASHINGTONDC20007STRATEGIC CONSULTING$181,662
ACCENTURE LLP
500 WEST MADISON STREETCHICAGOIL606612592STRATEGIC PLANNING SUPPORT$150,000
CAPITOL IMAGE COUNSEL
1970 SCOTTS LANDING WAY 001ANNAPOLISMD21401STRATEGIC CONSULTING$111,800
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Membership Dues$2,582,815MembershipDuesAmt
All Other Contributions$3,963,993AllOtherContributionsAmt
Total Contributions$6,546,808TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescMEETINGS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$94,145TotalRevenueColumnAmt
Related Or Exempt Func Income$94,145RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$94,145TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$292,680TotalRevenueColumnAmt
Exclusion$292,680ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$316,913SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$314,061SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,852SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,852TotalRevenueColumnAmt
Exclusion$2,852ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,598TotalRevenueColumnAmt
Exclusion$2,598ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,598OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,939,083TotalRevenueColumnAmt
Related Or Exempt Func Income$94,145RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$298,130ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,052,385TotalAmt
Program Services$1,052,385ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$768,066TotalAmt
Program Services$596,821ProgramServicesAmt
Management And General$171,245ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,079,544TotalAmt
Program Services$884,436ProgramServicesAmt
Management And General$195,108ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$88,476TotalAmt
Program Services$72,382ProgramServicesAmt
Management And General$16,094ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$198,666TotalAmt
Program Services$160,653ProgramServicesAmt
Management And General$38,013ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$120,869TotalAmt
Program Services$97,063ProgramServicesAmt
Management And General$23,806ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$70,502TotalAmt
Management And General$70,502ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$12,756TotalAmt
Management And General$12,756ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$557,027TotalAmt
Program Services$387,010ProgramServicesAmt
Management And General$170,017ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$204,076TotalAmt
Program Services$177,702ProgramServicesAmt
Management And General$26,374ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$156,318TotalAmt
Program Services$81,244ProgramServicesAmt
Management And General$75,074ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$148,452TotalAmt
Program Services$120,455ProgramServicesAmt
Management And General$27,997ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,401,171TotalAmt
Program Services$1,400,142ProgramServicesAmt
Management And General$1,029ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$517TotalAmt
Management And General$517ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$105,179TotalAmt
Program Services$85,344ProgramServicesAmt
Management And General$19,835ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,294TotalAmt
Management And General$14,294ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMEMBERSHIP DUES & SUBSCDesc
Total$22,325TotalAmt
Program Services$5,573ProgramServicesAmt
Management And General$16,752ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,000,623TotalAmt
Program Services$5,121,210ProgramServicesAmt
Management And General$879,413ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,453,098BOYAmt
EOY$1,348,311EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,426,159BOYAmt
EOY$10,063,823EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$514,080BOYAmt
EOY$573,782EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$67,300BOYAmt
EOY$191,724EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$658,447LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$440,525LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$307,122BOYAmt
EOY$217,922EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,550,337BOYAmt
EOY$1,888,600EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$354,768EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$13,318,096BOYAmt
EOY$14,638,930EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$370,012BOYAmt
EOY$352,422EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,935,995BOYAmt
EOY$2,649,781EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$434,671EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,306,007BOYAmt
EOY$3,436,874EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,440,186BOYAmt
EOY$9,507,634EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,571,903BOYAmt
EOY$1,694,422EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,012,089BOYAmt
EOY$11,202,056EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,318,096BOYAmt
EOY$14,638,930EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$938,460ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$251,507NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,948,015CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,016,036CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,406,983CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,864,658CurrentTaxYearMinus1YearAmt
Current Tax Year$6,546,808CurrentTaxYearAmt
Total$30,782,500TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,948,015CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,016,036CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,406,983CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,864,658CurrentTaxYearMinus1YearAmt
Current Tax Year$6,546,808CurrentTaxYearAmt
Total$30,782,500TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,157,686SubstantialContributorsTotAmt
Public Support Total170$26,624,814PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$87,181CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$66,525CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$25,952CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,509CurrentTaxYearMinus1YearAmt
Current Tax Year$292,680CurrentTaxYearAmt
Total$499,847TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$21,592CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$528CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$798CurrentTaxYearMinus1YearAmt
Current Tax Year$2,598CurrentTaxYearAmt
Total$25,516TotalAmt
FieldValueIRS element (for citing)
Total Support$31,307,863TotalSupportAmt
Gross Receipts Rltd Activities$1,021,118GrossReceiptsRltdActivitiesAmt
Public Support CY1700.85040PublicSupportCY170Pct
Public Support PY1700.85880PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$431,719OtherCostOrOtherBasisAmt
Depreciation$277,534DepreciationAmt
Book Value$154,185BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$170,000OtherCostOrOtherBasisAmt
Depreciation$106,263DepreciationAmt
Book Value$63,737BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$56,728OtherCostOrOtherBasisAmt
Depreciation$56,728DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$217,922TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOPERATING LEASE LIABILITY, NETDesc
Amt$434,671Amt
FieldValueIRS element (for citing)
Total Liability$434,671TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$7,243,277TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$251,507NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$65,443DonatedServicesAndUseFcltsAmt
Revenue Not Reported$316,950RevenueNotReportedAmt
Revenue Subtotal$6,926,327RevenueSubtotalAmt
Investment Expenses Not Incld$12,756InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$12,756RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$6,939,083TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,053,310TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$65,443DonatedServicesUseFcltsAmt
Expenses Not Reported$65,443ExpensesNotReportedAmt
Expenses Subtotal$5,987,867ExpensesSubtotalAmt
Investment Expenses Not Incld2$12,756InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$12,756ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,000,623TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE CLUB IS EXEMPT, EXCEPT FOR UNRELATED BUSINESS INCOME, FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(1) OF THE IRC. AS OF JUNE 30, 2023 AND 2022, THE CLUB DID NOT HAVE ANY REVENUE OR EXPENSES FROM UNRELATED BUSINESS ACTIVITIES, AND THEREFORE DID NOT INCUR ANY RELATED INCOME TAXES. MANAGEMENT BELIEVES THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION UNDER THE ACCOUNTING CODIFICATION GUIDANCE.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
SCHOLARSHIPS189$902,500$0N/AN/A
COMMUNITY GRANTS/INTERNSHIPS32$88,069$0N/AN/A
FELLOWSHIPS5$50,000$0N/AN/A
SCHOLARS TO LEADERS/EMERGENCY MICROGRANTS4$11,816$0N/AN/A

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:SELECTION FOR THE FELLOWSHIP IS BASED ON DEMONSTRATED LEADERSHIP, ENGAGEMENT IN THE ECONOMIC CLUB ACTIVITIES, ACADEMIC MERIT, HISTORY OF COMMUNITY SERVICE, AND POTENTIAL FOR THE STUDENT'S GRADUATE EDUCATION TO CONTRIBUTE TO THE COMMUNITY AND TO THE OVERALL GOALS OF THE SCHOLARS TO LEADERS PROGRAM. THE ORGANIZATION ALSO PRESENTS SCHOLARSHIPS TO STUDENTS PLANNING TO ATTEND COLLEGE. THE SCHOLARSHIP IS DISPERSED DIRECTLY TO THE UNIVERSITY IN THE STUDENT'S NAME ONLY AFTER ADMISSION TO THE UNIVERSITY HAS BEEN CONFIRMED. THE TOTAL SCHOLARSHIP IS RELEASED IN TWO PAYMENTS A YEAR OVER 4 YEARS, PAYABLE TO THE UNIVERSITY FOR THE STUDENT'S BENEFIT, IN THE FALL AND WINTER. ECONOMIC CLUB SCHOLARS ATTENDING COLLEGE ARE PROVIDED INTERNSHIP OPPORTUNITIES. THE CLUB WORKS WITH ORGANIZATION HOSTS TO PROVIDE JOB TRAINING AND PLACEMENT IN THE SUMMER INTERNSHIP PROGRAM.
PART III, COLUMN (B):SCHOLARSHIPS ARE AWARDED PRIMARILY FOR ACADEMIC ACHIEVEMENT. HIGH SCHOOL PRINCIPALS AND THE SCHOOL'S NOMINATING COMMITTEE CHOOSE THE RECIPIENTS. ONLY STUDENTS ENROLLED IN PARTICIPATING WASHINGTON, D.C. PUBLIC SCHOOLS AND PUBLIC CHARTER SCHOOLS ARE ELIGIBLE TO APPLY. SCHOLARSHIP AWARDS ARE PRESENTED EVERY SPRING IN A FORMAL CEREMONY THAT AWARD WINNERS ATTEND. COMMUNITY GRANTS/INTERNSHIPS: SINCE 2015, THE ECONOMIC CLUB HAS PROVIDED PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO SCHOLARS THROUGH OUR SUMMER INTERNSHIP PROGRAM. THIS PROGRAM PROVIDES ON-THE-JOB TRAINING FOR BOTH STUDENTS AND INTERNSHIP HOST SUPERVISORS, AND CONDUCTS PROFESSIONAL DEVELOPMENT WORKSHOPS. A MAJORITY OF THE INTERNSHIPS ARE PROVIDED BY ECONOMIC CLUB MEMBER ORGANIZATIONS. THROUGH AN IN-DEPTH SYSTEM PROVIDED BY THE ECONOMIC CLUB, INTERNS ARE MATCHED WITH AVAILABLE HOSTS ORGANIZATIONS IN THE SPRING AND BEGIN THEIR INTERNSHIP IN THE SUMMER. INTERNS GAIN REAL LIFE WORK EXPERIENCE, PROFESSIONAL DEVELOPMENT AND FINANCIAL SUPPORT TO OFFSET COLLEGE EXPENSES. AT THE CONCLUSION OF THE INTERNSHIP, SCHOLARS PARTICIPATE IN A PUBLIC SPEAKING CHALLENGE, WHICH GIVES SCHOLARS AN OPPORTUNITY TO CREATE AND SHARE THEIR INTERNSHIP EXPERIENCE WITH A PANEL OF ECONOMIC CLUB JUDGES, THEIR JOB SITE MENTORS, PEERS, AND OTHER INVITED GUESTS. FELLOWSHIP: THE VERNON E. JORDAN, JR. FELLOWSHIP PROGRAM HAS PIVOTED TO SUPPORT RECIPIENTS OF THE DAVID M. RUBENSTEIN SCHOLARSHIP. UP TO THREE INDIVIDUALS WILL BE GRANTED A $10,000 ONE-TIME FELLOWSHIP AWARD TO FUND GRADUATE STUDIES ACROSS ALL ACADEMIC DISCIPLINES WITH THE EDUCATION COMMITTEE HAVING THE OPTION TO ALLOCATE UP TO 3 ADDITIONAL FELLOWSHIPS BASED ON FUNDING AVAILABLE. THE FELLOWSHIP IS BASED ON DEMONSTRATED LEADERSHIP, ENGAGEMENT IN ECONOMIC CLUB ACTIVITIES, ACADEMIC MERIT, HISTORY OF COMMUNITY SERVICE AND POTENTIAL FOR THE STUDENT'S GRADUATE EDUCATION TO CONTRIBUTE TO THE COMMUNITY AND TO THE OVERALL GOALS OF THE SCHOLARS TO LEADERS PROGRAM. SCHOLARS TO LEADERS/EMERGENCY MICROGRANTS: LAUNCHED IN 2017 THE CAPITAL EXPLORER FUND/SCHOLARS TO LEADERS FUND IS A UNIQUE OPPORTUNITY FOR SCHOLARS TO APPLY FOR ADDITIONAL FUNDING FOR AN INTERNSHIP, RESEARCH PROJECT, STUDY ABROAD, OR VOLUNTEER WORK THAT WOULD EXPAND THEIR ACADEMIC OR PROFESSIONAL GROWTH. FUNDS CAN BE USED DURING WINTER, SPRING OR SUMMER BREAKS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARY BRADY
PRESIDENT & CEO$415,487$0$125,000$0$1,920$0$37,700$0$28,545$0$608,652$0$0$0
JUDI IRASTORZA
SVP, COMMUNICATIONS$138,347$0$12,750$0$1,920$0$15,010$0$32,561$0$200,588$0$0$0
JESSALYN VERMILLION
CHIEF ACCOUNTING & FINANCE OFFICER$146,173$0$0$0$0$0$0$0$24,997$0$171,170$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE ORGANIZATION PAYS FOR THE PRESIDENT & CEO'S UNIVERSITY CLUB MEMBERSHIP. IN THE 2022 CALENDAR YEAR, THE AMOUNT PAID FOR MARY BRADY WAS $5,694.58. THIS AMOUNT IS NOT INCLUDED IN MARY'S COMPENSATION AS THE ORGANIZATION BELIEVES IT'S AN ORDINARY AND NECESSARY BUSINESS EXPENSE FOR MEMBERSHIP RECRUITMENT AND ENGAGEMENT.
PART I, LINE 1BCLUB MEMBERSHIP IS CONSIDERED A NECESSARY PART OF MEMBERSHIP RECRUITMENT AND ENGAGEMENT.

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonLINDA LARSONPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionFAMILY MEMBERRelationshipDescriptionTxt
Transaction$96,172TransactionAmt
TransactionLINDA LARSON, SISTER TO MARY BRADY (ORGANIZATION'S PRESIDENT AND CEO), WORKS AS A FULL TIME EMPLOYEE WITH THE CLUB. SHE WORKS AS THE SENIOR, MANAGER OF SCHOLARSHIP OPERATIONS. HER COMPENSATION AND PERFORMANCE IS REVIEWED ANNUALLY BY HER MANAGER AT THE CLUB AND THEN REVIEWED AND APPROVED BY MEMBERS OF THE BOARD OF DIRECTORS.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRMAN, THE TWO VICE CHAIRS, PRESIDENT & CEO, SECRETARY, TREASURER, GENERAL COUNSEL, AND THE CHAIRS OR CO-CHAIRS OF THE AUDIT & COMPLIANCE, EDUCATION, TASK FORCES, FINANCE, MEMBERSHIP, NOMINATING, CORPORATE ENGAGEMENT, AND PROGRAMS COMMITTEES. THE EXECUTIVE COMMITTEE HAS THE FULL MANAGERIAL AND OPERATIONAL POWER AND AUTHORITY OF THE BOARD.
FORM 990, PART VI, SECTION A, LINE 2LINDA LARSON, FAMILY MEMBER OF MARY BRADY (PRESIDENT & CEO). CHAD SWEET, BOARD MEMBER, AND JULIE SWEET, BOARD MEMBER, HAVE SPOUSAL RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 6THERE IS NO DIFFERENTIATION IN CLASSES OF MEMBERS. HOWEVER, MEMBERS MAY PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE BY SERVING ON A COMMITTEE. EACH COMMITTEE REPORTS TO THE BOARD OF DIRECTORS, THEREBY GIVING ALL MEMBERS WHO WISH TO PARTICIPATE THE OPPORTUNITY TO INFLUENCE THE ORGANIZATION'S GOVERNANCE.
FORM 990, PART VI, SECTION A, LINE 7AA. THE GOVERNING BODY (THE BOARD) MANAGES THE BUSINESS OF THE ECONOMIC CLUB. THE BOARD CONSISTS OF 50 DIRECTORS, 39 OF WHOM ARE ELECTED BY THE MEMBERS OF THE CLUB, AND 1 OF WHOM IS THE PRESIDENT & CEO. THE CHAIRMAN AND PRESIDENT ARE ENTITLED, BUT NOT OBLIGATED, TO APPOINT ADDITIONAL DIRECTORS TO FILL THE REMAINING 10 SEATS. ALL MEMBERS OF THE ECONOMIC CLUB ARE OF ONE CLASS, AND EACH MEMBER OF THE CLUB IS ENTITLED TO ONE VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF MEMBERS. B. THE ORGANIZATION HAS MEMBERS WHO MAY SERVE ON A NOMINATING COMMITTEE. THE NOMINATING COMMITTEE CO-CHAIRS AND THE COMMITTEE MEMBERS PROPOSE CANDIDATES TO SERVE ON THE GOVERNING BOARD OF DIRECTORS. THE BOARD APPROVES THE NOMINEES AND THE MEMBERS AT THE ANNUAL MEETING GIVE FINAL APPROVAL.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PREPARED BY THE AUDIT FIRM AND REVIEWED FIRST BY THE CAFO AND PRESIDENT & CEO. IT IS THEN REVIEWED BY THE CHAIR - AUDIT & COMPLIANCE AND THE CHAIR - FINANCE BEFORE IT IS REVIEWED AND VOTED ON BY THE FINANCE COMMITTEE. ONCE APPROVED BY THE FINANCE COMMITTEE, THE 990 GOES TO THE EXECUTIVE COMMITTEE FOR FINAL REVIEW AND APPROVAL. THE BOARD ALSO RECEIVES AND VOTES ON THE FINAL SUBMITTED COPY OF THE FORM 990 AFTER THE FILING DATE IN THE ANNUAL JUNE BOARD MEETING.
FORM 990, PART VI, SECTION B, LINE 12CEACH OFFICER, DIRECTOR, AND KEY EMPLOYEE (HENCEFORTH ""OFFICER"") SHALL DISCLOSE TO THE ECONOMIC CLUB ANY PERSONAL INTEREST WHICH HE OR SHE MAY HAVE IN ANY MATTER PENDING BEFORE THE CLUB AND SHALL REFRAIN FROM PARTICIPATION IN ANY DECISION ON SUCH MATTER. UPON OR BEFORE ELECTION, HIRING, OR APPOINTMENT, THE OFFICER WILL MAKE A FULL, WRITTEN DISCLOSURE OF INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST. THIS WRITTEN DISCLOSURE IS KEPT ON FILE AND THE OFFICER IS REQUIRED TO UPDATE IT AS CHANGES REQUIRE. IN THE COURSE OF MEETINGS OR ACTIVITIES, OFFICERS WILL DISCLOSE ANY INTERESTS IN A TRANSACTION OR DECISION WHERE THEY (INCLUDING THEIR BUSINESS OR OTHER NONPROFIT AFFILIATIONS) SHALL, DIRECTLY OR INDIRECTLY, DERIVE ANY PROFIT OR GAIN. AFTER DISCLOSURE, THE OFFICER IS REQUIRED TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT INVOLVES THE CONFLICT OF INTEREST. FURTHER, CONFLICT OF INTEREST STATEMENTS ARE COLLECTED AND REVIEWED PRIOR TO THE ANNUAL BOARD MEETING IN JUNE. IF CERTAIN DISCLOSURES ARISE, THE CEO AND CAFO WILL DISCUSS A PLAN OF ACTION WITH THAT PARTICULAR BOARD MEMBER
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION IS DETERMINED AND APPROVED BY A COMPENSATION COMMITTEE AND THE TREASURER. IT IS THEN APPROVED DIRECTLY BY THE EXECUTIVE COMMITTEE. THE COMPENSATION IS COMPARED VIA A COMPENSATION SURVEY CONDUCTED BY A THIRD PARTY. THIS SURVEY WAS LAST COMPLETED IN 2022.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION.