2023-05-09T13:32:01-05:00 2022-12-31 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2022-01-01 521081024 INDEPENDENT SECTOR INDE 2024676100 1602 L STREET NW 900 WASHINGTON DC 20036 RICK ROBINSON CHIEF OPERATING OFFICER 2024676100 2023-05-09 1 RICK ROBINSON XXX-XX-XXXX 0 ELIZABETH W HELLER P00397829 2022932200 2023-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AKILAH WATKINS 1602 L STREET NW 900 WASHINGTON DC 20036 6669593 0 X WWW.INDEPENDENTSECTOR.ORG X 1980 DC WE ENVISION A WORLD OF ENGAGED INDIVIDUALS, ROBUST INSTITUTIONS, AND VIBRANT COMMUNITIES WORKING TOGETHER TO IMPROVE LIVES AND THE NATURAL WORLD, AND STRENGTHEN DEMOCRATIC SOCIETIES. TO HELP CREATE THIS FUTURE, WE LEAD AND CATALYZE THE CHARITABLE COMMUNITY, PARTNERING WITH GOVERNMENT, BUSINESS, AND INDIVIDUALS TO ADVANCE THE COMMON GOOD. 18 18 40 375 -188358 0 7836995 4963916 130548 92335 439918 894473 -596231 -458916 7811230 5491808 0 100 0 0 5068520 5005329 0 0 1069415 4117468 4867782 9185988 9873211 -1374758 -4381403 43964742 29783681 9449097 9154088 34515645 20629593 X WE ENVISION A WORLD OF ENGAGED INDIVIDUALS, ROBUST INSTITUTIONS, AND VIBRANT COMMUNITIES WORKING TOGETHER TO IMPROVE LIVES AND THE NATURAL WORLD, AND STRENGTHEN DEMOCRATIC SOCIETIES. TO HELP CREATE THIS FUTURE, WE LEAD AND CATALYZE THE CHARITABLE COMMUNITY, PARTNERING WITH GOVERNMENT, BUSINESS, AND INDIVIDUALS TO ADVANCE THE COMMON GOOD. 0 0 2835346 100 11979 COMMUNITY BUILDING:AT THE HEART OF INDEPENDENT SECTOR'S WORK TO CREATE A HEALTHY AND RACIALLY EQUITABLE NATION WHERE ALL PEOPLE CAN THRIVE, IS OUR BELIEF IN THE TRANSFORMATIONAL POWER OF BUILDING AND SUSTAINING COMMUNITY. THROUGH INTENTIONAL AND TARGETED STRATEGIES, INDEPENDENT SECTOR BUILDS A SENSE OF COMMUNITY AMONG LEADERS, PROVIDES OPPORTUNITIES TO BUILD CAPACITY, AND STRENGTHENS BRIDGES AND TRUSTED RELATIONSHIPS TO ENSURE LEADERS, ORGANIZATIONS, AND COMMUNITIES ARE ALIGNED TOWARD A HEALTHY AND EQUITABLE FUTURE. WITH HEALTH SAFETY IN MIND, OUR ENGAGEMENT WITH OUR IS COMMUNITY IN 2022 CONTINUED TO BE PRIMARILY THROUGH A VIRTUAL ENVIRONMENT. NEVERTHELESS, WE MAINTAINED AND DEEPENED OUR CONNECTIONS WITH CHANGEMAKERS ACROSS THE COUNTRY, ENGAGING MORE THAN 2,200 CHANGEMAKERS THROUGH A VARIETY OF OPTIONS, INCLUDING UPSWELL POP-UPS AND EXCHANGES, AND OUR FELLOWSHIPS. FOLLOWING ARE HIGHLIGHTS OF OUR COMMUNITY BUILDING WORK THIS YEAR: IS HOSTED THREE UPSWELL POP-UPS ATTENDED BY ABOUT 1,000 CHANGEMAKERS. EACH POP-UP FOCUSED ON KEY CONVERSATIONS THAT ARE IMPERATIVE TO CREATING A RACIALLY JUST NATION. EACH EMPHASIZED THE WELLBEING AND SELF-CARE OF CHANGEMAKERS AND COMMUNITIES; BRIDGING DIFFERENCES TOWARD JUSTICE AND BELONGING; AND TRANSFORMING AND CHANGING SYSTEMS THROUGH ADVOCACY AND NARRATIVE CHANGE. NEW IN 2022, WE INCLUDED UPSWELL EXCHANGES AS PART OF OUR UPSWELL POP-UPS TO GIVE CHANGEMAKERS THE OPPORTUNITY TO UNPACK IMMEDIATELY WHAT THEY HEARD DURING POP-UP PRESENTATIONS, SHARE THEIR THOUGHTS, AND CONNECT THROUGH DEEPER RELATIONSHIPS WITH ONE ANOTHER. INDEPENDENT SECTOR BROUGHT TOGETHER MORE THAN 1,000 CHANGEMAKERS FROM ACROSS THE NATION FOR OUR FINAL VIRTUAL UPSWELL SUMMIT TO FOCUS ON OUR COLLECTIVE MISSION: BUILDING A HEALTHY AND RACIALLY JUST NATION. PLANNING IS UNDERWAY FOR AN IN-PERSON UPSWELL SUMMIT IN DALLAS/FT. WORTH IN NOVEMBER 2023 INCLUDING SECURING THE HOTEL AND CONFIRMING SEVERAL SUPPORTING FUNDERS. INDEPENDENT SECTOR REDESIGNED OUR FELLOWS PROGRAMMING WITH A PRIMARY FOCUS ON STRENGTHENING THE SENSE OF COMMUNITY AMONG CHANGEMAKERS. THE UPDATED PROGRAM ENABLES PARTICIPATING FELLOWS TO EXPAND THEIR NETWORKS, GAIN NEW KNOWLEDGE, CONTRIBUTE THEIR PERSPECTIVES, AND INSTILL A RENEWED COMMITMENT TO SERVING THEIR COMMUNITIES. THEY CONNECT WITH CHANGEMAKERS FROM ACROSS THE COUNTRY, LEARN FROM EACH OTHER, GAIN NEW TOOLS AND SKILLS TO ACCELERATE THEIR WORK IN THEIR ORGANIZATIONS AND COMMUNITIES, AND SHARE KNOWLEDGE AND THOUGHT LEADERSHIP TO ADVANCE A HEALTHY AND EQUITABLE CIVIL SOCIETY. WE ALSO LAUNCHED OUR ALUMNI COMMUNITY OF OVER 300 LEADERS FROM THE CHARITABLE SECTOR, WHO MEET MONTHLY TO CONNECT, RECEIVE TOOLS, AND SHARE KNOWLEDGE. IS ALSO INITIATED OUR INAUGURAL BRIDGING FELLOWS PROGRAM. THIS TWO-YEAR PROGRAM BRINGS TOGETHER 40 FELLOWS FROM PITTSBURGH, DALLAS AND CHICAGO TO SOCIALIZE AND EMBED BRIDGING AS A CORE COMPETENCY IN THEIR ORGANIZATIONS AND COMMUNITIES. THE PROGRAM FOCUSES ON SPECIFIC AREAS OF SOCIETAL DIVISION, INCLUDING IDEOLOGICAL, RACIAL, SOCIOECONOMIC, AND GEOGRAPHICAL. IS CONTINUED TO REFINE AND EXECUTE AROUND A DATA-DRIVEN SENSE OF COMMUNITY THEORY OF CHANGE BASED ON QUARTERLY SENSE OF COMMUNITY SURVEYS, DISTRIBUTED TO ALL COMMUNITY MEMBERS IN OUR DATABASE. IN 2022, WE ALSO DEPLOYED TARGETED MESSAGES AND FOCUS GROUPS TO IS MEMBERS TO ASSESS THEIR SENSE OF COMMUNITY. ADDITIONALLY, WE CONTINUE TO PARTNER WITH THE FIVE VIRTUAL COMMUNITY ORGANIZERS TO REFINE AND INTERROGATE OUR STRATEGIES. 2328358 PUBLIC POLICY LEADERSHIP:PUBLIC POLICY IS ABOUT SYSTEMS. FORTIFIED BY OUR MEMBERS AND PARTNERS, INDEPENDENT SECTOR PLAYS A KEY ROLE AS A NATIONAL, SECTOR-SPANNING INFRASTRUCTURE ORGANIZATION WITH THE CAPACITY TO ADVANCE FEDERAL POLICIES. MUCH OF OUR POLICY WORK THIS YEAR FOCUSED ON ENSURING THAT FEDERAL RESOURCES FOR AND FEDERAL RELATIONSHIPS WITH THE SECTOR ARE STRONG AND GROWING. FOLLOWING ARE HIGHLIGHTS OF OUR PUBLIC POLICY LEADERSHIP WORK THIS YEAR:RESTORING AND EXPANDING THE CHARITABLE DEDUCTION FOR EVERY AMERICAN IS AN URGENT NEED FOR NONPROFIT ORGANIZATIONS AND THE PEOPLE THEY SERVE. IN MARCH 2022, THEN IS PRESIDENT AND CEO DAN CARDINALI PROUDLY REPRESENTED THE NONPROFIT SECTOR IN TESTIFYING TO THE U.S. SENATE COMMITTEE ON FINANCE IN SUPPORT OF THE CHARITABLE DEDUCTION AND OTHER KEY PRIORITIES. INDEPENDENT SECTOR'S "SEAT AT THE TABLE" INITIATIVE, THROUGH LEGISLATION AND A PROPOSED EXECUTIVE ORDER, AIMS TO CREATE PERMANENT, STRUCTURAL MECHANISMS FOR THE SECTOR TO HELP SHAPE AND IMPROVE FEDERAL POLICY, WHILE ALSO EXPANDING OPPORTUNITIES FOR GOVERNMENT TO WORK MORE EFFECTIVELY WITH THE SECTOR TO ACHIEVE SHARED GOALS. IN 2022, IS SAW THE BIPARTISAN INTRODUCTION BY REPRESENTATIVES BETTY MCCOLLUM (D-MN) AND FRED UPTON (R-MI) OF THE NONPROFIT SECTOR STRENGTH AND PARTNERSHIP ACT. OVER 650 ORGANIZATIONS, FROM ALL 50 STATES, HAVE ENDORSED THE BILL. PIECES OF THE INITIATIVE ALSO HAVE MADE LEGISLATIVE PROGRESS SEPARATELY, WITH BICAMERAL SUPPORT IN THE APPROPRIATIONS PROCESS FOR QUARTERLY NONPROFIT EMPLOYMENT AND WAGE DATA.NOW IN ITS THIRD YEAR, THE NONPROFIT INFRASTRUCTURE INVESTMENT ADVOCACY GROUP (NIIAG), CO-FOUNDED BY INDEPENDENT SECTOR AND KABOOM!, CONTINUES TO ENGAGE A DIVERSE GROUP OF COMMUNITY LEADERS FROM ACROSS THE CHARITABLE NONPROFIT SECTOR. IN ADDITION TO SUPPORT FOR THE NONPROFIT SECTOR STRENGTH AND PARTNERSHIP ACT, NIIAG MEMBERS ADVOCATED THIS YEAR FOR CRITICAL INVESTMENTS IN CIVIC AND COMMUNITY INFRASTRUCTURE, INCLUDING CHILDCARE, WORKFORCE DEVELOPMENT, BROADBAND ACCESS, AND THE CIVILIAN CLIMATE CORPS. ALTHOUGH THESE PRIORITIES ULTIMATELY WERE NOT FUNDED, THE COALITION NOTCHED SOME SMALLER BUT SIGNIFICANT VICTORIES WITH PASSAGE OF THE INFLATION REDUCTION ACT.INDEPENDENT SECTOR COMMISSIONED A NATIONALLY REPRESENTATIVE STUDY OF NONPROFIT INSTITUTIONS' ADVOCACY AND CIVIC ENGAGEMENT ACTIVITIES. THIS RESEARCH WILL FILL A 22-YEAR GAP IN DATA AND HELP US SEE WHAT, IF ANY, PROGRESS HAS BEEN MADE IN NONPROFIT ADVOCACY AND DIAGNOSE BARRIERS TO ADVOCACY, IDENTIFY OPPORTUNITIES TO BUILD ADVOCACY CAPACITY IN NONPROFITS, BETTER UNDERSTAND THE ROLE EQUITY PLAYS IN NONPROFIT ADVOCACY, AND GAUGE NONPARTISAN CIVIC ENGAGEMENT RATES. WE ANTICIPATE RELEASING THE RESULTS DURING 2023.ROBUST NONPARTISAN VOTER ENGAGEMENT IS ONE OF THE SECTOR'S MOST EFFECTIVE WAYS TO ENSURE THAT OUR VOICES, AND THOSE OF THE COMMUNITIES WE SERVE, ARE "AT THE TABLE" WHEN CRITICAL POLICIES ARE BEING DECIDED. TO ACHIEVE THIS, INDEPENDENT SECTOR AND NONPROFIT VOTE LAUNCHED THE IT'S ON US: NONPROFIT VOTER EMPOWERMENT PROJECT, A NONPARTISAN PLEDGE CAMPAIGN TO SUPPORT NONPROFITS' EFFORTS TO INCREASE VOTER PARTICIPATION AMONG THEIR STAFF, GRANTEES, VOLUNTEERS, AND CONSTITUENTS. 2035783 80356 ACCELERATING SECTOR HEALTH:WORKING IN COLLABORATION WITH MEMBERS AND OTHER PARTNERS, INDEPENDENT SECTOR CREATES, CURATES, AND DISSEMINATES KNOWLEDGE DESIGNED TO HELP ORGANIZATIONS RESPOND TO CHALLENGES AND OPPORTUNITIES, INCREASE THEIR EFFECTIVENESS, AND FULFILL THEIR MISSIONS. COVID-19 PRESENTED NEW OPPORTUNITIES FOR US TO CURATE AND DISTRIBUTE RESOURCES RAPIDLY AND HAVE EVOLVED FROM RESPONDING TO THE CRISIS AND TO HELPING ORGANIZATIONS MANAGE THEIR "NEW NORMAL": INDEPENDENT SECTOR, IN PARTNERSHIP WITH EDELMAN DATA & INTELLIGENCE, RELEASED OUR SECOND ANNUAL "TRUST IN CIVIL SOCIETY" REPORT, IN MAY 2021, OF SURVEY FINDINGS THAT EXPLORE THE NUANCES OF TRUST IN AMERICAN NONPROFIT AND PHILANTHROPIC ORGANIZATIONS. BUILDING ON INDEPENDENT SECTOR'S FOUR DECADES OF BRINGING TOGETHER THE CHARITABLE COMMUNITY FOR THE COMMON GOOD AND EDELMAN'S EXPERIENCE STUDYING TRUST IN BOTH THE GLOBAL AND U.S. CONTEXT, WE CONDUCTED TWO NATIONAL SURVEYS, TOTALING 8,000 AMERICAN ADULTS, TO ASSESS GENERAL POPULATION TRUST IN PHILANTHROPY AND NONPROFITS AND UNCOVER THE FACTORS THAT DRIVE TRUST IN THE SECTOR. AN IMPORTANT LEARNING FROM THE RESEARCH OVER THREE YEARS SHOWS NONPROFITS DEMONSTRATING IMPACT IS KEY TO BUILDING TRUST, BUT IT MAY NOT BE SUFFICIENT BY ITSELF IF BROADER ECONOMIC BARRIERS EXIST. INDEPENDENT SECTOR, WITH THE DO GOOD INSTITUTE AT THE UNIVERSITY OF MARYLAND, ANNOUNCED ON APRIL 18, 2022 THAT THE LATEST VALUE OF A VOLUNTEER HOUR IS ESTIMATED TO BE $29.95, WHICH IS A 4.9% INCREASE FROM 2020 TO 2021. ESTIMATED FROM DATA COLLECTED IN 2020, THE FIGURE SHOWS THE VALUABLE CONTRIBUTIONS VOLUNTEERS MAKE TO SUPPORT OUR COMMUNITIES AND COUNTRY. THIS DATA IS THE MOST VISITED PART OF THE INDEPENDENT SECTOR WEBSITE BECAUSE IT HELPS NONPROFITS QUANTIFY THE IMPACT OF VOLUNTEER ENGAGEMENT FOR FUNDERS, PARTNERS, AND THE PUBLIC. INDEPENDENT SECTOR RELEASED HEALTH OF THE U.S. NONPROFIT SECTOR QUARTERLY REVIEWS IN MARCH, JUNE, AND SEPTEMBER, AND DECEMBER. THESE REPORTS COMPLEMENT THE 2021 HEALTH OF THE U.S. NONPROFIT SECTOR ANNUAL REPORT AND PROVIDE INDEPENDENT SECTOR RECOMMENDATIONS AND ANALYSIS OF RECENTLY RELEASED DATA ON THE SECTOR'S ECONOMIC CONTRIBUTION, CHARITABLE GIVING TRENDS, AND CHARACTERISTICS OF SECTOR EMPLOYMENT. 170527 OPERATIONAL EXCELLENCE:A HEALTHY AND EQUITABLE CIVIL SOCIETY IS ESSENTIAL TO ACHIEVING THE GOAL OF ALL PEOPLE LIVING IN THE U.S. THRIVING. INDEPENDENT SECTOR WAS FOUNDED TO FOCUS ON AND LEAD THE SECTOR IN FUNDAMENTALLY CONTRIBUTING TO A HEALTHY AND EQUITABLE SECTOR. TO REALIZE THIS LONG-TERM GOAL, INDEPENDENT SECTOR EMBRACES EXCELLENCE IN THE EXECUTION OF OUR DAILY EXTERNAL AND INTERNAL WORK, AND IN DRIVING INNOVATION TO MEET OUR GOAL MORE EXPEDITIOUSLY AND EFFECTIVELY. THIS INCLUDES ENSURING INDEPENDENT SECTOR IS A HEALTHY AND EQUITABLE ORGANIZATION; THAT THE INDEPENDENT SECTOR COMMUNITY IS KNOWN FOR OUR VALUES-DRIVEN CULTURE; THAT NONPROFIT AND FOUNDATION CHANGEMAKERS BUILD AND IDENTIFY WITH THE INDEPENDENT SECTOR COMMUNITY TO ENSURE ALL PEOPLE LIVING IN THE U.S. THRIVE, AND ARE HEALTHIER AND MORE EQUITABLE AS A RESULT OF ENGAGEMENT WITH THE INDEPENDENT SECTOR COMMUNITY; AND THAT NONPROFIT AND FOUNDATION CHANGEMAKERS ACT OUTSIDE OF THEIR ORGANIZATIONS TO IMPROVE THE HEALTH OF THE NONPROFIT SECTOR AND ENSURE ALL PEOPLE IN THE U.S. THRIVE. FOLLOWING IS AN OVERVIEW OF OUR OPERATIONAL EXCELLENCE HIGHLIGHTS DURING THE YEAR:WITH INVESTMENTS FROM A GIFT FROM MACKENZIE SCOTT IN 2020, WE MADE SIGNIFICANT PROGRESS TOWARD A COMPLETE OVERHAUL OF IS'S DIGITAL INFRASTRUCTURE THROUGH UPGRADES TO THE CRM SYSTEM AND NEW INDEPENDENT SECTOR WEBSITE. THE CRM AND WEBSITE ALLOW INDEPENDENT SECTOR TO PROVIDE AN IMPROVED USER EXPERIENCE THROUGHOUT, MORE ACCURATE DATA THAN THE CURRENT DATABASE, MORE IMPROVED INTEGRATION FOR COMMUNITY MEMBER TARGETING AND CUSTOMIZATION, ONLINE DONATIONS FOR THE FIRST TIME, AND ENGAGEMENT SCORING.INDEPENDENT SECTOR UPGRADED STRATEGIC AND OPERATIONAL PLANNING IN ORDER TO EXECUTE OUR WORK MORE EFFECTIVELY AND DELIVER NEEDED FINANCIAL RESOURCES. 170527 7370014 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 39 0 1 40 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AZ CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN NC NH NM NY OH OK PA RI SC TN UT VA WA WI AK X X RICK ROBINSON-COO 2024676100 1602 L STREET NW 900 WASHINGTON DC 20036 DANIEL J CARDINALI PRESIDENT & CEO (THRU 10/31/22) 38.00 X 595904 0 41137 RICK ROBINSON CHIEF OPERATING OFFICER 38.00 X 287809 0 41931 JEFFREY MOORE CHIEF STRATEGY OFFICER 38.00 X 242031 0 41912 KRISTINA GAWRGY CHIEF MARKETING & COMM OFFICER 38.00 X 227669 0 23188 BRANDON JOHNSON DIRECTOR, DIG INNOV (THRU 9/30/22) 38.00 X 129216 0 14750 RHYBERN WATKINS DIR OF FINANCE (THRU 9/14/22) 38.00 X 149459 0 16112 KATHERINE BRADLEY DIRECTOR OF PARTNERSHIPS 38.00 X 128420 0 22335 HABIB BAKO SR DIR, COMM BUILD 38.00 X 160202 0 24664 ELYSE HARRINGTON DIRECTOR OF OPERATIONS 38.00 X 137440 0 15555 FRED BLACKWELL BOARD OF DIRECTOR - CHAIR 1.00 X X 0 0 0 SARAH KASTELIC BOARD OF DIRECTOR - VICE CHAIR 1.00 X X 0 0 0 MICHAEL MCAFEE BOARD OF DIRECTOR - SECRETARY 1.00 X X 0 0 0 JENNIFER FORD REEDY BOARD OF DIRECTOR - TREASURER 1.00 X X 0 0 0 NICOLE ANDERSON BOARD OF DIRECTOR 1.00 X 0 0 0 PHOEBE BOYER BOARD OF DIRECTOR 1.00 X 0 0 0 DR JOHN BROTHERS BOARD OF DIRECTOR 1.00 X 0 0 0 SONYA CHAMPION BOARD OF DIRECTOR 1.00 X 0 0 0 ANN MEI CHANG BOARD OF DIRECTOR 1.00 X 0 0 0 JIM CLARK BOARD OF DIRECTOR 1.00 X 0 0 0 JANIE LEE BOARD OF DIRECTOR 1.00 X 0 0 0 SUZANNE MCCORMICK BOARD OF DIRECTOR 1.00 X 0 0 0 MANUAL PASTOR BOARD OF DIRECTOR 1.00 X 0 0 0 EBOO PATEL BOARD OF DIRECTOR 1.00 X 0 0 0 DR CAMEN ROJAS BOARD OF DIRECTOR 1.00 X 0 0 0 STACEY STUART BOARD OF DIRECTOR 1.00 X 0 0 0 ADAM TAYLOR BOARD OF DIRECTOR 1.00 X 0 0 0 DAVID WILLIAMS BOARD OF DIRECTOR 1.00 X 0 0 0 2058150 0 241584 13 0 1 0 NONPROFIT HR SOLUTIONS 1400 EYE STREET NW 500 WASHINGTON DC 20005 HR CONSULTING 322421 SSRS 155 GAITHER DR MOUNT LAUREL NJ 08054 PUBLIC ADVOCACY CONSULTING 290705 WIPFLI LLP 12359 SUNRISE VALLEY DRIVE RESTON VA 20191 CRM CONSULTING 288468 JAMIL BEYURBANKIND INSTITUTE 5 ESTHER STREET PITTSBURGH PA 15210 COMMUNITY BUILDING CONSULTING 241760 KORN FERRY PO BOX 1450 MINNEAPOLIS MN 55485 CEO SEARCH CONSULTING 237952 9 1363259 3600657 4963916 PUBLICATION SALES 900099 80356 80356 CONFERENCE FEES 900004 11979 11979 92335 894473 894473 677391 1177785 -500394 -500394 -210536 -289858 PARKING SERVICES 812930 22178 22178 SUBLEASE INCOME 900099 19300 19300 41478 5491808 92335 -188358 623915 X 100 100 1511462 909761 373914 227787 2777140 1671582 687025 418533 176219 106068 43594 26557 242087 145714 59889 36484 298421 179622 73825 44974 47135 47135 49719 49719 37391 37391 3095096 2281345 787075 26676 48650 48650 229809 168965 60815 29 41652 20826 20826 806714 767577 -103214 142351 91134 59413 28488 3233 134209 87496 41953 4760 66299 66299 93302 93302 DUES & SUBSCRIPTIONS 126672 65909 60753 10 ALLOCATED OVERHEAD 0 856986 -995007 138021 9873211 7370014 1433782 1069415 534 534 7568458 3542668 802000 166000 72551 47565 126076 131792 2846265 2761529 23548514 84736 11236221 9302713 610388 16507673 43964742 29783681 738293 852099 8460561 8060228 250243 241761 9449097 9154088 X 30127524 17687748 4388121 2941845 34515645 20629593 43964742 29783681 X -4381403 -2422823 -7081826 X 0 1 X 1 0 X 7812260 7668893 15035402 7836995 4963916 43317466 7812260 7668893 15035402 7836995 4963916 43317466 9736520 33580946 1005190 852517 839782 662040 1389270 4748799 48066265 1520532 0.69860 0.73260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31947 31947 11060765 11092712 704636 176159 0 0 546387 495275 609299 704636 2355597 3533396 17899 11524 27892 31947 89262 136597 123819 152325 176159 588900 883350 8950733 -1479494 316047 7155192 8346107 913655 309029 8950733 7722558 899333 275784 8346107 6639801 1336571 253814 7722558 7181640 -316349 225490 6639801 1.00000 0 0 720 720 51828 51828 0 2793717 2709701 84016 84736 DEFERRED RENT RECEIVABLE 224012 DEFERRED LEASE INCENTIVES 83249 DEPOSITS 20130 LEASING COMMISSION COSTS, NET 39669 DEFERRED COMPENSATION 163313 ASSET HELD FOR SALE 15977300 16507673 DEFERRED COMPENSATION PLAN LIABILITY 163313 DEFERRED RENT 3730 DEPOSITS HELD IN ESCROW 74718 241761 -2894625 -2422823 -7081826 -9504649 6610024 37391 -1155607 -1118216 5491808 10991427 1155607 1155607 9835820 37391 37391 9873211 PART V, LINE 4: THE UNRESTRICTED NET ASSETS OF INDEPENDENT SECTOR ARE REPORTED AS UNDESIGNATED AND BOARD DESIGNATED NET ASSETS. UNRESTRICTED NET ASSETS REPRESENT THE PORTION OF EXPENDABLE FUNDS THAT IS AVAILABLE TO SUPPORT THE OPERATIONS OF INDEPENDENT SECTOR, WHILE BOARD DESIGNATED NET ASSETS REPRESENT A PORTION OF UNRESTRICTED NET ASSETS FOR DESIGNATED PURPOSES AND CONSISTS OF A SHORT TERM BUILDING OPERATING FUND AND A LONG TERM RESERVE FUND WHICH WAS CREATED TO ESTABLISH A CORPUS FOR WHICH INVESTMENT INCOME WILL BE USED FOR GENERAL OPERATIONS. AS OF DECEMBER 31, 2022, BOARD DESIGNATED NET ASSETS INCLUDED $500,000 IN THE SHORT TERM BUILDING OPERATING FUND AND $6,655,192 IN THE LONG TERM RESERVE FUND. PART XI, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT LOSS -7,081,826. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B -1,177,785. PARKING SERVICE REVENUE REPORTED ON LINE 11 22,178. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B 1,177,785. PARKING SERVICE REVENUE REPORTED ON LINE 11 -22,178. X X X X X 1 0 0 0 0 0 0 1 0 DANIEL J CARDINALI PRESIDENT & CEO (THRU 10/31/22) 475117 0 0 0 120787 0 30181 0 11540 0 637625 0 119627 0 RICK ROBINSON CHIEF OPERATING OFFICER 286519 0 0 0 1290 0 19722 0 24069 0 331600 0 0 0 JEFFREY MOORE CHIEF STRATEGY OFFICER 240051 0 0 0 1980 0 18491 0 24973 0 285495 0 0 0 KRISTINA GAWRGY CHIEF MARKETING & COMM OFFICER 227399 0 0 0 270 0 10270 0 18803 0 256742 0 0 0 RHYBERN WATKINS DIR OF FINANCE (THRU 9/14/22) 114210 0 10000 0 25249 0 8128 0 8569 0 166156 0 0 0 KATHERINE BRADLEY DIRECTOR OF PARTNERSHIPS 128160 0 0 0 260 0 6688 0 16332 0 151440 0 0 0 HABIB BAKO SR DIR, COMM BUILD 159939 0 0 0 263 0 12281 0 13154 0 185637 0 0 0 ELYSE HARRINGTON DIRECTOR OF OPERATIONS 137197 0 0 0 243 0 8846 0 7981 0 154267 0 0 0 PART I, LINE 4A RHYBERN WATKINS - SEVERANCE PAY - $24,754. PART I, LINE 7 APPROVED ONE TIME BONUSES TO STAFF. A DISTRICT OF COLUMBIA 566001131 2013-06-04 11600000 TO REFINANCE PURCHASE OF HEADQUARTERS BUILDING 0 0 0 A 3500108 11600000 11600000 2013 1 0 1 1 A 1 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION A, LINE 6 INDEPENDENT SECTOR HAS MEMBERS THAT HELP SUPPORT THE MISSION OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE CLASS OF VOTING MEMBERS. THE MEMBERSHIP HAVE THE AUTHORITY TO ELECT DIRECTORS OF THE ORGANIZATION OTHER THAN THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP HAVE THE AUTHORITY TO APPROVE CHANGES IN THE ARTICLES OF INCORPORATION AND BY-LAWS, MEMBERSHIP DUES AND/OR DUES ASSESSMENT METHODOLOGY, MEMBERSHIP ELIGIBILITY CRITERIA, AFFIRM MAJOR POLICIES AND LEGISLATIVE ACTIONS BY THE BOARD, AS APPROPRIATE, AND ADOPT RESOLUTIONS ON NATIONAL ISSUES OF CONCERNS TO THE MEMBERSHIP, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 IS PRESENTED TO INDEPENDENT SECTOR'S AUDIT COMMITTEE FOR REVIEW. THE CHIEF OPERATING OFFICER ALSO REVIEWS THE FORM 990 IN DETAIL WITH THE PRESIDENT AND CHIEF EXECUTIVE OFFICER PRIOR TO OBTAINING THE CEO'S SIGNATURE ON THE DOCUMENT. THE FORM 990 IS ALSO PRESENTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW IN ADVANCE OF FILING. IT IS DISTRIBUTED IN ADVANCE OF THE BOARD MEETING IN ORDER TO ENSURE THAT DIRECTORS HAVE THE OPPORTUNITY FOR A MEANINGFUL REVIEW AND TO ALLOW ALL DIRECTORS THE OPPORTUNITY TO GAIN A FULL UNDERSTANDING OF THE DOCUMENT BEFORE IT IS FILED. INDEPENDENT SECTOR'S AUDITORS PARTICIPATE IN THE BOARD MEETING IN ORDER TO RESPOND TO ANY QUESTIONS THAT DIRECTORS MAY HAVE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, BOARD MEMBERS ARE ASKED TO REVIEW INDEPENDENT SECTOR'S CONFLICT OF INTEREST POLICY AND TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. AMONG OTHER THINGS, THE POLICY MAKES CLEAR THAT ALL DECISIONS OF THE BOARD, OFFICERS AND EMPLOYEES OF INDEPENDENT SECTOR ARE TO BE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTERESTS OF THE ORGANIZATION AND THE PUBLIC GOOD. THE DISCLOSURE STATEMENT, IN TURN, REQUESTS THAT DIRECTORS IDENTIFY, TO THE BEST OF THEIR KNOWLEDGE, AFFILIATIONS WITH ORGANIZATIONS THAT MAY BE POTENTIALLY RELATED TO THE FINANCIAL OR OTHER SUBSTANTIVE OPERATIONS OF INDEPENDENT SECTOR. THEY ARE ALSO ASKED TO IDENTIFY CIRCUMSTANCES INVOLVING EITHER THEMSELVES, OR A MEMBER OF THEIR EXTENDED FAMILY, THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST. IF SUCH CIRCUMSTANCE SHOULD ARISE SUBSEQUENT TO SUBMITTING THE DISCLOSURE STATEMENT, THE POLICY SETS FORTH AN ONGOING DISCLOSURE REQUIREMENT. AT THE STAFF LEVEL, INDEPENDENT SECTOR PERSONNEL ALSO ENSURE THAT THERE ARE NO CONFLICTS OF INTEREST WHEN CONSIDERING ENGAGEMENT OF A NEW VENDOR. IF A POTENTIAL CONFLICT IS IDENTIFIED, APPROPRIATE STEPS ARE TAKEN BOTH TO ASSESS THE NATURE OF THE POTENTIAL CONFLICT AND, SUBSEQUENTLY, TO ENSURE THAT THE POSSIBILITY OF AN ACTUAL CONFLICT IS MITIGATED. SUCH MITIGATION MAY BE ACHIEVED THROUGH THE RECUSAL OR FIREWALLING OF THE INDIVIDUAL IN QUESTION, THUS ENSURING THAT THE CONFLICT IS MANAGED AND THE LETTER AND SPIRIT OF THE CONFLICTS POLICY ARE UPHELD. IN ADDITION, WE NOTE THAT DURING THE ANNUAL AUDIT STAFF IDENTIFY AND DISCLOSE TO AUDITORS ALL KNOWN CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A APART FROM THE ORGANIZATION'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, INDEPENDENT SECTOR'S BOARD OFFICERS (CHAIR, VICE CHAIR, SECRETARY, AND TREASURER) DO NOT RECEIVE COMPENSATION FROM THE ORGANIZATION. AN ANNUAL COMPENSATION REVIEW PROCESS FOR THE CEO TAKES PLACE UNDER THE LEADERSHIP OF THE BOARD CHAIR AND EXECUTIVE COMMITTEE. AN OUTSIDE CONSULTANT IS RETAINED OR SALARY SURVEYS AND 990S ARE REVIEWED TO PROVIDE INDUSTRY COMPARABLE SALARY DATA. AN INTERMEDIATE SANCTIONS ANALYSIS AND RELATED DOCUMENTATION ARE ALSO COMPLETED. THE EXECUTIVE COMMITTEE HAS RESPONSIBILITY FOR MAKING FINAL RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS REGARDING THE PRESIDENT'S PERFORMANCE EVALUATION AND COMPENSATION. THE BOARD OF DIRECTORS MAKES A FINAL DETERMINATION WITH REGARD TO THESE MATTERS. WITH REGARD TO STAFF COMPENSATION, THE PRESIDENT AND CEO, SENIOR LEADERSHIP TEAM, NONPROFIT HR CONSULTANT AND APPROPRIATE STAFF DIRECTORS ALSO COMPLETE ANNUAL PERFORMANCE EVALUATIONS. FOR ALL STAFF OTHER THAN THE PRESIDENT AND CEO, IS UTILIZES INDUSTRY COMPARABLE DATA IN MAKING DETERMINATIONS REGARDING THE RANGE OF SALARIES. THE PRESIDENT AND CEO MAKES ALL FINAL DETERMINATIONS RELATIVE TO STAFF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 INDEPENDENT SECTOR'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. THE ANNUAL AUDIT, 990 AND 990-T, BOARD OF DIRECTORS LIST, AND IS POLICIES (CONFLICT OF INTEREST, FINANCIAL RESPONSIBILITY, GIFTS AND ENTERTAINMENT, RECORDS RETENTION AND TRAVEL) ARE ALL AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE (WWW.INDEPENDENTSECTOR.ORG). FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 1,826,211. MANAGEMENT AND GENERAL EXPENSES 624,148. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,450,359. LEGISLATIVE ASSISTANCE: PROGRAM SERVICE EXPENSES 178,868. MANAGEMENT AND GENERAL EXPENSES 61,132. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 240,000. SPEAKERS, SERVICE BUREAUS, AND OTHER: PROGRAM SERVICE EXPENSES 127,151. MANAGEMENT AND GENERAL EXPENSES 43,456. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 170,607. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 106,541. MANAGEMENT AND GENERAL EXPENSES 43,788. FUNDRAISING EXPENSES 26,676. TOTAL EXPENSES 177,005. HONORARIA: PROGRAM SERVICE EXPENSES 42,574. MANAGEMENT AND GENERAL EXPENSES 14,551. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,125. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS -7,081,826. 1620 IS LLC 1620 L STREET NW WASHINGTON DC 20036 543219877 BUILDING MANAGEMENT DC 677391 16395377 INDEPENDENT SECTOR