2024-05-09T18:04:33-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-07-01 521469926 THE ECONOMIC CLUB OF WASHINGTON DC ECON 2024813260 1601 K STREET NW 210 WASHINGTON DC 20006 MARY BRADY PRESIDENT AND CEO 2024813260 2024-05-07 1 MARY BRADY XXX-XX-XXXX 0 ROBERT WILLIAMS P01345960 5712279500 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARY BRADY 1601 K STREET NW 210 WASHINGTON DC 20006 7253144 0 X WWW.ECONOMICCLUB.ORG X 1986 DC ESTABLISHED 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. 51 50 20 50 0 0 5864658 6546808 24525 94145 94346 295532 798 2598 5984327 6939083 1289306 1052385 0 0 1816356 2255621 0 0 0 1970628 2692617 5076290 6000623 908037 938460 13318096 14638930 3306007 3436874 10012089 11202056 X TO 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. 0 0 2121701 0 94145 PROGRAM 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. 1789651 1052385 0 SCHOLARSHIP 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. 995133 0 0 MEMBERSHIP: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. 214725 0 0 214725 5121210 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 22 0 1 20 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 51 50 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JESSALYN VERMILLION CHIEF ACCOUNTING & FINANCE OFFICER 2024813260 1601 K STREET NW WASHINGTON DC 20006 MARY BRADY PRESIDENT & CEO 48.00 X X 542407 0 66245 JUDI IRASTORZA SVP, COMMUNICATIONS 40.00 X 153017 0 47571 JESSALYN VERMILLION CHIEF ACCOUNTING & FINANCE OFFICER 40.00 X 146173 0 24997 MARA-LISE DEYCHAK DIRECTOR, CORPORATE ENGAGEMENT 40.00 X 113257 0 23192 JEFFREY GERMAK DIRECTOR, ADMINISTRATION 40.00 X 106757 0 16717 DAVID RUBENSTEIN CHAIR 2.00 X X 0 0 0 CAROL MELTON VICE CHAIR 0.50 X X 0 0 0 GINA ADAMS VICE CHAIR 0.50 X X 0 0 0 TERESA CARLSON SECRETARY 0.50 X X 0 0 0 JAKE JONES TREASURER 0.50 X X 0 0 0 TONY PIERCE GENERAL COUNSEL 0.50 X X 0 0 0 TERRI MCCLEMENTS CHAIR - AUDIT & COMPLIANCE 0.50 X X 0 0 0 BARBARA HUMPTON CHAIR - GLOBAL INITIATIVE 0.50 X X 0 0 0 DAVE POLLIN CHAIR - CORPORATE ENGAGEMENT 0.50 X X 0 0 0 ROBERT ALLBRITTON CHAIR - PROGRAMS 0.50 X X 0 0 0 MEREDITH BAKER CO-CHAIR - MEMBERSHIP 0.50 X X 0 0 0 KEVIN VIROSTEK CO-CHAIR - MEMBERSHIP 0.50 X X 0 0 0 CANDI WOLFF CO-CHAIR - NOMINATING 0.50 X X 0 0 0 TIMOTHY MCBRIDE CO-CHAIR - NOMINATING 0.50 X X 0 0 0 JANE ADAMS BOARD MEMBER 0.30 X 0 0 0 USMAN AHMED BOARD MEMBER 0.30 X 0 0 0 KENDRICK ASHTON BOARD MEMBER 0.30 X 0 0 0 TONI BUSH BOARD MEMBER 0.30 X 0 0 0 RICHARD BYNUM BOARD MEMBER 0.30 X 0 0 0 SUZANNE CLARK BOARD MEMBER 0.30 X 0 0 0 TIM COUGHLIN EX-OFFICIO 0.30 X 0 0 0 MONICA DALWADI BOARD MEMBER 0.30 X 0 0 0 PHIL DE PICCIOTTO BOARD MEMBER 0.30 X 0 0 0 LARRY DI RITA BOARD MEMBER 0.30 X 0 0 0 TERRI FARIELLO BOARD MEMBER 0.30 X 0 0 0 WAYNE FREDERICK BOARD MEMBER 0.30 X 0 0 0 NORA GARDNER BOARD MEMBER 0.30 X 0 0 0 XIMENA GATES BOARD MEMBER 0.30 X 0 0 0 JORDAN GOLDSTEIN BOARD MEMBER 0.30 X 0 0 0 AMY GILLILAND BOARD MEMBER 0.30 X 0 0 0 XIMENA HARTSOCK BOARD MEMBER 0.30 X 0 0 0 TOM JOYCE BOARD MEMBER 0.30 X 0 0 0 MATT KELLY BOARD MEMBER 0.30 X 0 0 0 BRAD KNOX BOARD MEMBER 0.30 X 0 0 0 DEDE LEA BOARD MEMBER 0.30 X 0 0 0 JODIE MCLEAN BOARD MEMBER 0.30 X 0 0 0 KURT NEWMAN BOARD MEMBER 0.30 X 0 0 0 ERIC PELLETIER BOARD MEMBER 0.30 X 0 0 0 LINDA RABBITT BOARD MEMBER 0.30 X 0 0 0 HORACIO ROZANSKI BOARD MEMBER 0.30 X 0 0 0 KIMBERLY RUSSO BOARD MEMBER 0.30 X 0 0 0 KEN SAMET BOARD MEMBER 0.30 X 0 0 0 PETER SCHER BOARD MEMBER 0.30 X 0 0 0 KYLE SCHOPPMANN BOARD MEMBER 0.30 X 0 0 0 CHAD SWEET BOARD MEMBER 0.30 X 0 0 0 JULIE SWEET BOARD MEMBER 0.30 X 0 0 0 SUSAN TYNAN BOARD MEMBER 0.30 X 0 0 0 KATHRYN UNGER BOARD MEMBER 0.30 X 0 0 0 OMAR VARGAS BOARD MEMBER 0.30 X 0 0 0 ALEX WIRTH BOARD MEMBER 0.30 X 0 0 0 SHAWN WRIGHT BOARD MEMBER 0.30 X 0 0 0 1061611 0 178722 5 0 1 0 FIRST HAND PRODUCTIONS 4411 MANOR LANE ELLICOTT CITY MD 21042 AV/TECHNICAL PRODUCTION SUPPORT 390369 BOWERY PROJECTS LLC 3327 RESERVOIR RD NW WASHINGTON DC 20007 STRATEGIC CONSULTING 181662 ACCENTURE LLP 500 WEST MADISON STREET CHICAGO IL 606612592 STRATEGIC PLANNING SUPPORT 150000 CAPITOL IMAGE COUNSEL 1970 SCOTTS LANDING WAY 001 ANNAPOLIS MD 21401 STRATEGIC CONSULTING 111800 4 2582815 3963993 6546808 MEETINGS REVENUE 900099 94145 94145 94145 292680 292680 316913 314061 2852 2852 2852 2598 2598 2598 6939083 94145 0 298130 1052385 1052385 768066 596821 171245 1079544 884436 195108 88476 72382 16094 198666 160653 38013 120869 97063 23806 70502 70502 12756 12756 557027 387010 170017 204076 177702 26374 156318 81244 75074 148452 120455 27997 1401171 1400142 1029 517 517 105179 85344 19835 14294 14294 MEMBERSHIP DUES & SUBSC 22325 5573 16752 6000623 5121210 879413 0 2453098 1348311 8426159 10063823 514080 573782 67300 191724 658447 440525 307122 217922 1550337 1888600 0 354768 13318096 14638930 370012 352422 2935995 2649781 0 434671 3306007 3436874 X 8440186 9507634 1571903 1694422 10012089 11202056 13318096 14638930 938460 251507 0 X 0 1 X 1 0 X 6948015 6016036 5406983 5864658 6546808 30782500 6948015 6016036 5406983 5864658 6546808 30782500 4157686 26624814 87181 66525 25952 27509 292680 499847 21592 528 798 2598 25516 31307863 1021118 0.85040 0.85880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 431719 277534 154185 170000 106263 63737 56728 56728 0 217922 OPERATING LEASE LIABILITY, NET 434671 434671 X 7243277 251507 65443 316950 6926327 12756 12756 6939083 6053310 65443 65443 5987867 12756 12756 6000623 PART X, LINE 2: THE 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. 1 0 0 SCHOLARSHIPS 189 902500 0 N/A N/A COMMUNITY GRANTS/INTERNSHIPS 32 88069 0 N/A N/A FELLOWSHIPS 5 50000 0 N/A N/A SCHOLARS TO LEADERS/EMERGENCY MICROGRANTS 4 11816 0 N/A N/A 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. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MARY BRADY PRESIDENT & CEO 415487 0 125000 0 1920 0 37700 0 28545 0 608652 0 0 0 JUDI IRASTORZA SVP, COMMUNICATIONS 138347 0 12750 0 1920 0 15010 0 32561 0 200588 0 0 0 JESSALYN VERMILLION CHIEF ACCOUNTING & FINANCE OFFICER 146173 0 0 0 0 0 0 0 24997 0 171170 0 0 0 PART I, LINE 1A THE 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 1B CLUB MEMBERSHIP IS CONSIDERED A NECESSARY PART OF MEMBERSHIP RECRUITMENT AND ENGAGEMENT. LINDA LARSON FAMILY MEMBER 96172 LINDA 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. 0 FORM 990, PART VI, SECTION A, LINE 1A THE 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 2 LINDA 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 6 THERE 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 7A A. 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 11B THE 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 12C EACH 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 15 COMPENSATION 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 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION.