2022-05-02T08:15:43-05:00 2021-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2020-07-01 521552960 LEADERSHIP GREATER WASHINGTON LEAD 2024653200 1602 L STREET NW NO 950 WASHINGTON DC 20036 DOUGLAS DUNCAN PRESIDENT/CEO 2024653200 2022-04-28 1 DOUGLAS DUNCAN 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 3016529100 2022-04-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DOUGLAS DUNCAN 1602 L STREET NW NO 950 WASHINGTON DC 20036 1822607 0 X WWW.LGWDC.ORG X 1983 DC TO IDENTIFY AND CONNECT DIVERSE LEADERS AND STIMULATE THEIR COLLABORATIVE EFFORTS THROUGH DYNAMIC EDUCATIONAL PROGRAMS THAT PROMOTE DIALOG, COOPERATION AND INVOLVEMENT. 33 32 7 0 18000 4221 500911 885477 748647 809350 2237 2980 17833 40075 1269628 1737882 42000 23000 0 0 741587 829537 0 0 242717 447928 318519 1231515 1171056 38113 566826 1853538 2360384 908890 848910 944648 1511474 X SEE SCHEDULE O 0 0 574438 0 638795 SIGNATURE PROGRAMLGW'S SIGNATURE PROGRAM, ALSO KNOWN AS THE CLASS YEAR, PROVIDES A UNIQUE CONNECTION TO THE COMMUNITY AND A NETWORK OF SENIOR-LEVEL REGIONAL LEADERS THROUGH AN INTENSIVE, HANDS-ON AND EXPERIENTIAL STUDY OF THE REGION. UPON SUCCESSFUL COMPLETION OF THE SIGNATURE PROGRAM, THESE LEADERS BECOME MEMBERS OF LGW PROGRAM. 85299 17500 152500 RISING LEADERS PROGRAMLGW'S RISING LEADERS PROGRAM DELIVERS CUSTOMIZED HANDS-ON TRAINING TO DEVELOP AND ENHANCE THE PERSONAL LEADERSHIP SKILLS OF MANAGERS, SUPERVISORS, AND EMERGING LEADERS. 5500 5500 18055 OTHER SCHOLARSHIP PROGRAMS 665237 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 7 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 32 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DOUGLAS DUNCAN 2024653200 1602 L STREET NW SUITE 950 WASHINGTON DC 20036 MARC BATTLE DIRECTOR 1.00 X 0 0 0 CHUCK BEAN DIRECTOR 1.00 X 0 0 0 MARK BERGEL DIRECTOR 1.00 X 0 0 0 JAKE BRODY DIRECTOR 1.00 X 0 0 0 JOE BRUNO DIRECTOR 1.00 X 0 0 0 VALARIE CLARK DIRECTOR 1.00 X 0 0 0 NATHANIEL COLE DIRECTOR 1.00 X 0 0 0 TERRI COPELAND DIRECTOR 1.00 X 0 0 0 DOUGLAS M DUNCAN PRESIDENT/CEO 40.00 X X 252596 0 11298 HEATHER GODSMARK DIRECTOR 1.00 X 0 0 0 DAVID GORODETSKI DIRECTOR 1.00 X 0 0 0 NIKKI HALL DIRECTOR 1.00 X 0 0 0 SANDI W HALLMARK DIRECTOR 1.00 X 0 0 0 PHILIP G HAMPTON DIRECTOR 1.00 X 0 0 0 KATHY HOLLINGER DIRECTOR 1.00 X 0 0 0 DEBBI JARVIS DIRECTOR 1.00 X 0 0 0 BETH JOHNSON DIRECTOR 1.00 X 0 0 0 NICHOLAS JORDAN DIRECTOR 1.00 X 0 0 0 SAURABH KAPOOR DIRECTOR 1.00 X 0 0 0 TERRENCE KENNY DIRECTOR 1.00 X 0 0 0 RACHEL KRONOWITZ CHAIR-ELECT 1.00 X X 0 0 0 HANH LE DIRECTOR 1.00 X 0 0 0 ROBERT MCNAMARA DIRECTOR 1.00 X 0 0 0 KATY MOORE DIRECTOR 1.00 X 0 0 0 ALEX ORFINGER DIRECTOR 1.00 X 0 0 0 TERESA PAYNE-NUNN DIRECTOR 1.00 X 0 0 0 DANA STEBBINS SECRETARY 1.00 X X 0 0 0 NANCIE SUZUKI DIRECTOR 1.00 X 0 0 0 MAHAN TAVAKOLI BOARD CHAIR 1.00 X X 0 0 0 MIKE TRYON TREASURER 1.00 X X 0 0 0 TONIA WELLONS DIRECTOR 1.00 X 0 0 0 FRANK WILLIAMS DIRECTOR 1.00 X 0 0 0 KEVIN WREGE DIRECTOR 1.00 X 0 0 0 DEBRA KAPLAN COO & VP, PROGRAMS 40.00 X 144772 0 18829 397368 0 30127 2 0 1 0 0 283225 337627 93600 171025 885477 TUITION 900099 522250 522250 PROGRAM EVENTS 900099 269100 269100 ADVERTISING INCOME 541800 18000 18000 809350 2980 2980 124800 337627 84725 40075 40075 1737882 791350 18000 43055 23000 23000 261483 144229 49650 67604 464524 256224 88202 120098 13798 7611 2620 3567 34610 19090 6572 8948 55122 30405 10466 14251 35155 35155 13519 8954 3555 1010 295 295 46942 27996 8516 10430 8396 8396 64615 35684 12205 16726 200 188 12 119077 111680 7397 2491 2491 1230 176 971 83 PROFESSIONAL DEVELOPMEN 25814 25814 MISCELLANEOUS 502 502 DUES & SUBSCRIPTIONS 283 283 1171056 665237 263102 242717 1714527 2276990 25750 12000 46042 16199 12260 9192 1772 3068 46238 48627 19209 3500 1853538 2360384 87759 146435 727531 702475 93600 0 908890 848910 X 753928 1308199 190720 203275 944648 1511474 1853538 2360384 566826 0 X X 0 1 X 1 0 X 363838 610093 581916 500911 885477 2942235 363838 610093 581916 500911 885477 2942235 269134 2673101 829 809 3296 2237 2980 10151 41577 15627 16523 0 73727 3026113 3410735 0.88330 0.86270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59087 2555 -2500 59142 55615 5000 972 -2500 59087 53298 2317 55615 53830 325 -857 53298 52762 1068 53830 0.00000 0.96047 0.03953 0 0 12260 9192 3068 3068 X 1859562 121680 121680 1737882 0 1737882 1292736 121680 121680 1171056 0 1171056 PART V, LINE 4: LEADERSHIP GREATER WASHINGTON'S ENDOWMENT INCLUDES THE DONOR-RESTRICTED BARRY K. CAMPBELL SCHOLARSHIP FUND. THE BARRY K. CAMPBELL SCHOLARSHIP FUND WAS ESTABLISHED IN 2003 THROUGH A CONTRIBUTION OF $26,186 FROM THE LEADERSHIP GREATER WASHINGTON'S CLASS OF 1998. INCOME EARNED FROM INVESTED CONTRIBUTIONS IS INCLUDED IN NET ASSETS WITH DONOR RESTRICTIONS UNTIL A SCHOLARSHIP IS AWARDED. PART X, LINE 2: THE ORGANIZATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX FROM ANY ACTIVITIES NOT RELATED TO ITS EXEMPT PURPOSES. DURING THE YEARS ENDED JUNE 30, 2021 AND 2020, THE ORGANIZATION HAD $18,000 AND $14,750, RESPECTIVELY, IN UNRELATED BUSINESS INCOME FROM ADVERTISEMENTS PLACED IN THE ANNUAL MEMBERSHIP DIRECTORY AND WEBSITE. EXPENSES RELATED TO ADVERTISEMENTS EXCEED REVENUE EARNED; THEREFORE NO UNRELATED BUSINESS INCOME TAX IS DUE. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE REQUIRED RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE ORGANIZATION'S RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IS SUBJECT TO AUDIT. THE OPEN YEARS ARE JUNE 30, 2018, 2019 AND 2020. AWARDS DINNER 462427 337627 124800 84725 462427 337627 124800 84725 84725 40075 0 SCHOLARSHIPS 13 23000 X X X 0 0 0 0 0 0 0 1 0 DOUGLAS M DUNCAN PRESIDENT/CEO 212430 0 37000 0 3166 0 5200 0 6098 0 263894 0 0 0 DEBRA KAPLAN COO & VP, PROGRAMS 141942 0 1000 0 1830 0 5200 0 13629 0 163601 0 0 0 PART I, LINE 7 THE BONUSES WERE AWARDED BASED UPON ANNUAL PERFORMANCE, AND APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE CORPORATION'S MISSION IS TO DEVELOP A DIVERSE NETWORK OF LEADERS THROUGHOUT GREATER WASHINGTON WITH A BROAD UNDERSTANDING OF THE COMMUNITIES' NEEDS; TO ACT AS A CATALYST FOR CHANGE IN THE GREATER WASHINGTON AREA BY CONNECTING AND STRENGTHENING LEADERS COMMITTED TO BETTER SERVE THE COMMON GOOD; AND TO PURSUE ANY OTHER PURPOSE CONSISTENT WITH ITS TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION MAY HAVE ANY NUMBER OF MEMBERS. THE CORPORATION'S MEMBERSHIP FOR ANY GIVEN YEAR SHALL CONSIST OF LEADERSHIP GREATER WASHINGTON PROGRAM YEAR GRADUATES WHO ARE DULY QUALIFIED AS MEMBERS BY PAYMENT OF THEIR ANNUAL LEADERSHIP GREATER WASHINGTON DUES ("MEMBERSHIP DUES"), OR THE WAIVER THEREOF, FOR THAT YEAR. MEMBERSHIP MAY BE GRANTED TO ANY OTHER PERSON UPON HIS/HER APPLICATION TO THE CORPORATION AND APPROVAL OF SUCH APPLICATION BY A MAJORITY OF THE CORPORATION'S BOARD AT A MEETING THEREOF. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL HAVE (I) THE RIGHT TO ELECT DESIGNATED DIRECTORS, THE CHAIR OF THE BOARD, AND THE NOMINATING COMMITTEE IN THE MANNER PROVIDED IN THESE BYLAWS AND (II) SUCH OTHER POWERS AND RIGHTS AS ARE VESTED IN THEM BY LAW, BY THE CORPORATION'S ARTICLES OF INCORPORATION, OR AS THE BOARD MAY DESIGNATE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM. IT IS INITIALLY REVIEWED BY THE ORGANIZATION'S ACCOUNTANT, CEO, TREASURER OF THE BOARD, AND ALL MEMBERS OF THE FINANCE COMMITTEE. THE RETURN IS MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF LEADERSHIP GREATER WASHINGTON TO EXPECT THAT ITS STAFF AND VOLUNTEERS ACT IN THE BEST INTEREST OF THE WHOLE ORGANIZATION. THE NATURE OF THE ORGANIZATION, BY DEFINITION, REQUIRES THE HIGHEST-DEGREE OF INTEGRITY. IT IS THE POLICY OF LGW TO REQUIRE EACH OF ITS DIRECTORS, OFFICERS AND EMPLOYEES TO CONDUCT HIS OR HER OUTSIDE EMPLOYMENT AND PERSONAL BUSINESS, FINANCIAL, AND OTHER RELATIONSHIPS IN A MANNER THAT WILL AVOID ANY LIKELIHOOD OF A CONFLICT OR APPEARANCE OF A CONFLICT BETWEEN SUCH OUTSIDE EMPLOYMENT AND PERSONAL INTEREST AND THOSE OF LGW. THE CONFLICT OF INTEREST POLICY IS OUTLINED IN THE ORGANIZATION'S STAFF MANUAL. STAFF REVIEW THIS MANUAL WHEN THEY ARE FIRST HIRED AND SIGN AN ACKNOWLEDGMENT THAT THEY WILL COMPLY WITH ALL POLICIES. STAFF ARE THEN ASKED TO RE-REVIEW THE POLICIES AT THEIR DISCRETION AND BRING ANY CONCERNS TO THE CEO'S ATTENTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE COMPILES A REGIONAL ANALYSIS OF SIMILAR NONPROFIT ORGANIZATIONS AND USES IT, ALONG WITH OTHER METRICS, AS PART OF THE ANNUAL REVIEW PROCESS OF THE ORGANIZATION'S CEO. THE COMMITTEE RECOMMENDS CHANGES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, WHICH THEN APPROVES ANY CHANGES IN COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.