2021-05-06T12:01:03-05:00 2020-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2020-01-01 521081024 INDEPENDENT SECTOR INDE 2024676100 1602 L STREET NW NO 900 WASHINGTON DC 20036 RICK ROBINSON CHIEF OPERATING OFFICER 2024676100 2021-05-04 1 RICK ROBINSON XXX-XX-XXXX WILLIAM E TURCO CPA P00369217 3012963600 2021-05-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAN CARDINALI 1602 L STREET NW NO 900 WASHINGTON DC 20036 16753806 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. 19 19 42 350 -145642 0 7668893 15035402 589294 171150 294543 393729 -308434 -328846 8244296 15271435 0 17295 0 0 4896307 4766326 0 0 805673 4515186 3621733 9411493 8405354 -1167197 6866081 39594883 46005638 11624919 10600165 27969964 35405473 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. 1 0 2039157 81014 ACCELERATING SECTOR IMPACT: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, ESPECIALLY IN THE SPRING AND SUMMER OF 2020. QUICKLY THOUGH, OUR COVID-19 RESOURCES BECAME LESS ABOUT MEETING THE CRISIS AND MORE ABOUT HELPING ORGANIZATIONS MANAGE THEIR "NEW NORMAL." DESPITE THE CHALLENGES, WE CHARGED FORWARD WITH TWO MAJOR BODIES OF WORK THIS YEAR: A NEW SURVEY ON PUBLIC TRUST OF THE NONPROFIT AND PHILANTHROPIC COMMUNITY, AND A NEW REPORT ON THE HEALTH OF THE NONPROFIT SECTOR. FOLLOWING IS AN OVERVIEW OF THESE BODIES OF WORK, AS WELL AS OTHER ACCELERATING SECTOR IMPACT HIGHLIGHTS DURING THIS YEAR:- LAUNCHED SERIES OF COVID-19 RESOURCES AND EVENTS TO HELP NONPROFITS MANAGE THE GLOBAL HEALTH PANDEMIC. OUR COVID-19 RESOURCE PAGE INCLUDES A CURATED LIST OF RESOURCES AND ARTICLES ON TOPICS BASED ON FEEDBACK RECEIVED FROM MEMBERS AND PARTNERS IN THE FOLLOWING AREAS: COMMUNICATIONS, COMMUNITY IMPACT, HUMAN RESOURCES, ORGANIZATIONAL SUSTAINABILITY, AND PUBLIC POLICY.- PUBLISHED TRUST IN CIVIL SOCIETY, WHICH INCLUDED NEW FINDINGS ON TRUST IN AMERICAN NONPROFIT AND PHILANTHROPIC ORGANIZATIONS. THE FINDINGS REVEALED BROAD TRUST (81 PERCENT) IN NONPROFITS' ABILITIES TO STRENGTHEN SOCIETY, AND THAT PEOPLE ARE MORE LIKELY TO TRUST THOSE ORGANIZATIONS WHEN CLOSELY ALIGNED WITH THEIR MISSIONS AND IMPACT.- ANNOUNCED THE LATEST VALUE OF A VOLUNTEER HOUR AS $27.20 - UP 7% FROM LAST YEAR. ESTIMATED IN PARTNERSHIP WITH THE DO GOOD INSTITUTE, THE FIGURE SHOWS THE VALUABLE CONTRIBUTIONS VOLUNTEERS MAKE TO SUPPORT OUR COMMUNITIES AND COUNTRY.- DEVELOPED AND RELEASED THE FIRST HEALTH OF THE U.S. NONPROFIT SECTOR, A NEW AND DEVELOPING RESOURCE THAT CONVEYS IMPORTANT INFORMATION ON THE CURRENT HEALTH OF THE U.S. NONPROFIT SECTOR ACROSS MULTIPLE DIMENSIONS IN A SINGLE, ACCESSIBLE FORMAT. THE REPORT ALSO PROVIDES A VEHICLE FOR ONGOING CONVERSATION WITHIN THE SECTOR ABOUT HOW BEST TO IMPROVE OUR HEALTH IN THE FUTURE. THIS ANNUAL REVIEW MAKES A BROAD SET OF MEASURES THAT ARE EASILY AVAILABLE AND PRESENTED SIDE-BY-SIDE, ENABLING STAKEHOLDERS AND KEY DECISIONMAKERS TO SEE THE MOST ACCURATE SNAPSHOT OF THE STATE OF CIVIL SOCIETY. 1830474 2295 90136 COMMUNITY BUILDING:IT MAY BE CLICHE, BUT IT IS A FACT THAT WE ARE STRONGER TOGETHER THAN APART. WHEN WE BEGAN 2020, OUR GOAL WAS TO CREATE A SERIES OF LOCALLY GROUNDED AND NATIONALLY RELEVANT ENGAGEMENTS IN PITTSBURGH, WHERE WE PLANNED TO CONVENE UPSWELL BEFORE HAVING TO QUICKLY PIVOT IN MARCH. ALTHOUGH A COMPLETELY VIRTUAL YEAR CREATED CHALLENGES, WE SHOWED AGAIN HOW AGILE AND RESPONSIVE WE COULD BE AS AN ORGANIZATION BY CREATING SEVERAL VIRTUAL COMMUNITY BUILDING ENGAGEMENTS THAT CONNECTED CHANGEMAKERS, HIGHLIGHTED LESSONS FROM LOCAL PITTSBURGH COMMUNITY LEADERS, AND ELEVATED THE CONVERSATION AROUND THE TWO MAJOR ISSUES OF OUR DAY: COVID-19 RECOVERY AND ANTIRACISM. BECAUSE THE VIRTUAL ENVIRONMENT ENABLED US TO CONNECT WITH MORE CHANGEMAKERS, WE ENGAGED ABOUT TO 5,000 OVER THE COURSE OF THE YEAR, A SUBSTANTIAL INCREASE FROM THE 1,500 WE ENGAGED AT UPSWELL CHICAGO IN 2019. FOLLOWING ARE SOME OF THE HIGHLIGHTS OF OUR COMMUNITY BUILDING WORK THIS YEAR:- ENGAGED ABOUT 60 FELLOWS THROUGH THE UPSWELL FELLOWS PROGRAM AND THE AMERICAN EXPRESS NGEN FELLOWS PROGRAM TO STRENGTHEN THEIR INDIVIDUAL AND COLLECTIVE LEADERSHIP CAPACITY, GROW THEIR PERSONAL AND PROFESSIONAL NETWORKS, AND ADDRESS THE ADAPTIVE NATURE OF LEADING IN THESE UNCERTAIN TIMES. AS PART OF OUR FELLOWS PROGRAM, IS ALSO PARTNERED WITH THE CHRONICLE OF PHILANTHROPY TO FEATURE FOUR UPSWELL FELLOWS AND THEIR EXPERIENCES DURING THIS TUMULTUOUS YEAR.- PLANNED AND HOSTED SEVEN UPSWELL POP-UPS ATTENDED BY NEARLY 3,000 CHANGEMAKERS. EACH POP-UP HAD A DIFFERENT FOCUS, DESIGNED TO CAPTURE UPSWELL'S DYNAMIC SPIRIT IN AN EXPERIENTIAL WAY, AND HELP CHANGEMAKERS DEFINE HOW WE SHAPE OUR COMMUNITIES AND SYSTEMS FOR YEARS TO COME. - HELD UPSWELL 2020, OCTOBER 14-16, BRINGING TOGETHER MORE THAN 2,000 CHANGEMAKERS FROM ACROSS THE NATION TO FOCUS ON OUR COUNTRY'S TWO MOST GRIPPING CHALLENGES -- COVID-19 AND RACISM. EVERY ELEMENT OF OUR FIRST VIRTUAL SUMMIT PROGRAM, NECESSITATED BY THE PANDEMIC, FOCUSED EXCLUSIVELY ON FINDING SOLUTIONS TO THESE TWO INTRACTABLE PROBLEMS -- INCLUDING THE CONTENT SHARED BY MORE THAN 60 BRILLIANT THOUGHT LEADERS, 47 POWERFUL SESSIONS, ART AND CULTURE PRESENTATIONS, AND NETWORKING OPPORTUNITIES. THROUGH MAKING SENSE OF EXACTLY HOW WE GOT TO THIS POINT, PARTICIPANTS LEFT UPSWELL READY TO CATALYZE IMMEDIATE AND EFFECTIVE ACTION.- PRESENTED THE JOHN W. GARDNER LEADERSHIP AWARD AND AMERICAN EXPRESS NGEN LEADERSHIP AWARD TO TWO NATIONALLY RECOGNIZED LEADERS. FATIMA GOSS GRAVES, PRESIDENT AND CEO OF THE NATIONAL WOMEN'S LAW CENTER, RECEIVED THE 2020 GARDNER LEADERSHIP AWARD FOR HER GROUNDBREAKING WORK TO ADVANCE THE RIGHTS OF WOMEN AND GIRLS. TERENCE LESTER, MINISTER, SPEAKER, COMMUNITY ACTIVIST, AUTHOR, AND FOUNDER OF LOVE BEYOND WALLS, RECEIVED THE AMERICAN EXPRESS NGEN LEADERSHIP AWARD IN RECOGNITION OF HIS WORK TO PROVIDE DIGNITY TO THE HOMELESS AND POOR BY OFFERING A VOICE, VISIBILITY, SHELTER, COMMUNITY, AND SUPPORT SERVICES TO ACHIEVE SELF-SUFFICIENCY. 1784854 15000 PUBLIC POLICY LEADERSHIP:THERE IS NOTHING LIKE A CRISIS TO KICK THIS COUNTRY'S PUBLIC POLICY APPARATUS INTO HIGH GEAR. AS COVID-19 CLEARLY BEGAN TO IMPACT OUR OPERATIONS AS A SECTOR AND THE COMMUNITIES WE SERVE, IT WAS CLEAR NONPROFIT ORGANIZATIONS WOULD NEED RELIEF. THROUGH A COORDINATED AND COLLABORATIVE EFFORT, INDEPENDENT SECTOR JOINED DAILY COALITION MEETINGS WITH MANY NATIONAL MEMBERS TO COORDINATE POLICY, ADVOCACY, AND COMMUNICATIONS EFFORTS. WE ALSO LEANED HARDER ON OUR DESIRE TO TAKE ON A PROACTIVE, SHAPING ROLE IN THE PUBLIC POLICY SPACE, CREATING THE NONPROFIT INFRASTRUCTURE INVESTMENT ADVOCACY GROUP TO CONSIDER INFRASTRUCTURE INVESTMENTS NEEDED TO BUILD A BETTER FUTURE AFTER COVID-19 AND ENSURE THAT SYSTEMS WERE POSITIONED TO CENTER THE NEEDS OF BLACK, NATIVE, AND OTHER COMMUNITIES OF COLOR IN THE UNITED STATES. FOLLOWING ARE SOME OF THE HIGHLIGHTS OF OUR PUBLIC POLICY LEADERSHIP WORK THIS YEAR:- DEVELOPED CARES ACT RESOURCE PAGE, WHICH GENERATED RECORD-BREAKING WEB TRAFFIC TO INDEPENDENTSECTOR.ORG AND PROVIDED ALL SECTOR ORGANIZATIONS WITH TIMELY AND ACCURATE INFORMATION ABOUT HOW TO ACCESS RELIEF PROVIDED THROUGH THE CARES ACT, WHICH MADE AVAILABLE ABOUT $669 BILLION IN LOANS TO NONPROFITS AND BUSINESSES. HOWEVER, ACCESS TO THOSE LOANS WAS LIMITED, PARTICULARLY FOR SMALLER ORGANIZATIONS AND THOSE LED BY AND SERVING BLACK, NATIVE, AND OTHER COMMUNITIES OF COLOR. IN RESPONSE, IS URGED FINANCIAL ORGANIZATIONS THAT ADMINISTER AND DIRECTLY IMPACT RECIPIENTS OF 7(A) LOANS TO PRIORITIZE NONPROFITS AS LOAN RECIPIENTS, IN RECOGNITION OF OUR ESSENTIAL ROLE TO OUR NATION'S SAFETY NET. - COLLABORATED IN LEADERSHIP ROLE, ALONG WITH OTHER PHILANTHROPIC AND NONPROFIT ORGANIZATIONS, TO SECURE A VICTORY ENABLING ELIGIBLE NONPROFITS TO APPLY FOR LOANS THROUGH THE STIMULUS BILL'S SMALL BUSINESS ASSOCIATION (SBA) PROGRAM - HELPING NONPROFITS KEEP THEIR STAFFS AT WORK AND CONTINUING IMPORTANT MISSION WORK. WE ALSO MADE A SMALL, BUT STRATEGIC GAIN IN THE PASSAGE OF A CAPPED UNIVERSAL CHARITABLE DEDUCTION - A POLICY WIN THAT WE CAN BUILD UPON AS WE CONTINUE TO FOCUS ON HOW TO INCENTIVIZE INCREASED CHARITABLE GIVING. - RELEASED SURVEY RESEARCH TO INFORM POLICYMAKERS AND THE SECTOR ON COVID-19'S IMPACT ON MID-SIZE TO LARGE SECTOR ORGANIZATIONS, MOST OF WHICH WERE LEFT OUT OF RELIEF EFFORTS. - IN JULY 2020, INDEPENDENT SECTOR AND NONPROFIT VOTE ISSUED JOINT STATEMENT RECOGNIZING VOTING AS THE EXPRESSION OF OUR SHARED RESPONSIBILITY TO BRING OUR COLLECTIVE VISION FOR A NATION WHERE ALL CAN THRIVE. THE STATEMENT URGED ORGANIZATIONS TO ENCOURAGE THEIR STAFFS, BOARDS, VOLUNTEERS, FRIENDS, AND FAMILIES TO VOTE - AND THROUGH IS'S NONPROFIT VOICE 2020 WEB PAGE - OFFERED COMPREHENSIVE RESOURCES ON HOW TO LEVERAGE ELECTIONS TO ADVANCE OUR MISSIONS.- CREATED NEW VALUE FOR MEMBERS AND UPSWELL PARTICIPANTS THROUGH A FORMAL PARTNERSHIP WITH OUR LEGAL COUNSEL, SHEPPARD MULLIN, TO PROVIDE FREE LEGAL SERVICES REGARDING THE TRUMP ADMINISTRATION'S EXECUTIVE ORDER ON "RACE AND GENDER STEREOTYPING," WHICH THREATENS NONPROFIT ORGANIZATIONS THAT RECEIVE FEDERAL FUNDING FROM DRIVING EQUITY IN THEIR WORK AND COMMUNITIES.- RELEASED POLLING RESEARCH AHEAD OF THE PRESIDENTIAL ELECTION ON A WIDE RANGE OF TOPICS TO PROVIDE VALUABLE INSIGHT INTO THE LANDSCAPE OF PUBLIC OPINION ABOUT OUR SECTOR'S RELATIONSHIP WITH THE FEDERAL GOVERNMENT AND LEGISLATIVE ISSUES IMPORTANT TO NONPROFITS. 125969 OPERATIONAL EXCELLENCE:INDEPENDENT SECTOR IS CLEAR THAT WE CANNOT HELP OTHER ORGANIZATIONS OPERATE AS BEST-IN-CLASS IF WE ARE NOT ALSO ADVANCING OUR OWN ORGANIZATIONAL EFFECTIVENESS, CULTURE, AND PRACTICES. AND JUST AS IT WAS FOR ALL OF YOU, NOTHING WAS MORE CONSEQUENTIAL TO OUR ORGANIZATION'S OPERATIONS THAN THE IMPACT OF COVID-19. DESPITE REAL CHALLENGES, FOLLOWING ARE HIGHLIGHTS FROM OUR OPERATION EXCELLENCE EFFORTS THIS YEAR:- WE FOUND NEW WAYS TO EXPAND PARTNERSHIPS, INCLUDING WORKING WITH AT&T FOUNDATION TO INVITE OVER 100 OF ITS NONPROFIT GRANTEES INTO THE IS COMMUNITY, MULTIPLYING THE IMPACT OF PHILANTHROPY, GRANTEES, AND THE SECTOR TO ADVANCE IS'S STRATEGIC AREAS. - IN RECOGNITION OF OUR VISION AND ABILITY TO EXECUTE, IS RECEIVED A SIGNIFICANT GIFT THROUGH THE NEW PHILANTHROPIC COMMITMENT OF MACKENZIE SCOTT THAT WILL SUPPORT A MULTI-YEAR STRATEGIC INVESTMENT PLAN FOCUSED ON ENHANCING OUR ABILITY TO BUILD AND ACTIVATE THE IS COMMUNITY IN SUPPORT OF THE SECTOR.- DREW ON OUR RESULTSCOUNT WORK TO INCREASE OUR FOCUS ON EQUITY IN POLICY AND COMMUNITY BUILDING DURING THE COVID-19 PANDEMIC. IS DIRECTORS INCREASED THEIR CAPACITY FOR RESULTS-ORIENTED WORK THROUGH COACHING AND WORKING SESSIONS FOCUSED ON RUNNING SMALL TESTS OF CHANGE AND DEFINING "DIFFERENCE MADE" PERFORMANCE MEASURES. OUR SENIOR LEADERSHIP TEAM USED IS'S RESULTS FRAMEWORK TO IDENTIFY A SUBSET OF CROSS-CUTTING ORGANIZATIONAL PERFORMANCE MEASURES THAT WILL FOCUS AND CLARIFY IS'S PRIORITY WORK IN 2021.- INCORPORATED STRATEGIC COMMUNICATIONS INTO THE OVERALL SCOPE OF IS'S LEADERSHIP TEAM TO ENSURE STRONG ALIGNMENT IN STRATEGY PLANNING AND EXECUTION, WHILE BEING RESPONSIVE TO CURRENT EVENTS AND SOCIAL ISSUES THROUGH ALL BODIES OF WORK. 125969 5780454 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 22 0 1 42 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 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 INTERIM COO 2024676100 1602 L STREET NW NO 900 WASHINGTON DC 20036 JEFFREY L BRADACH CHAIR OF THE BOARD 1.00 X X 0 0 0 FRED BLACKWELL VICE CHAIR OF THE BOARD 1.00 X X 0 0 0 SONYA CAMPION SECRETARY OF THE BOARD 1.00 X X 0 0 0 JENNIFER FORD REEDY TREASURER OF BOARD 1.00 X X 0 0 0 NICOLE ANDERSON BOARD OF DIRECTOR 1.00 X 0 0 0 ANTONY CHIANG BOARD OF DIRECTOR 1.00 X 0 0 0 JIM CLARK BOARD OF DIRECTOR 1.00 X 0 0 0 JIM GIBBONS BOARD OF DIRECTOR 1.00 X 0 0 0 RON KAGAN BOARD OF DIRECTOR 1.00 X 0 0 0 SARAH KASTELIC BOARD OF DIRECTOR 1.00 X 0 0 0 LARRY KRAMER BOARD OF DIRECTOR 1.00 X 0 0 0 JANINE LEE BOARD OF DIRECTOR 1.00 X 0 0 0 TERRY MAZANY BOARD OF DIRECTOR 1.00 X 0 0 0 MICHAEL MCAFEE BOARD OF DIRECTOR 1.00 X 0 0 0 DIANE MELLEY BOARD OF DIRECTOR 1.00 X 0 0 0 HENRY TIMMS BOARD OF DIRECTOR 1.00 X 0 0 0 DAVID WILLIAMS BOARD OF DIRECTOR 1.00 X 0 0 0 STACEY STEWART BOARD OF DIRECTOR 1.00 X 0 0 0 MARCO DAVIS BOARD OF DIRECTOR 1.00 X 0 0 0 DANIEL J CARDINALI PRESIDENT & CEO 38.00 X 568389 0 47380 VICTOR REINOSO CHIEF OPERATING OFFICER (THRU 9/1/20) 38.00 X 198354 0 40560 RICK ROBINSON INTERIM COO 38.00 X 160828 0 0 CAROLYN MOLLEN CFO THRU 1/2020 38.00 X 12819 0 535 JEFF MOORE CHIEF STRATEGY OFFICER 38.00 X 241968 0 41915 KRISTINA CAMPBELL CHIEF COMMUNICATION OFFICER 38.00 X 214508 0 28024 RHYBERN WATKINS DIRECTOR, FINANCE & ADMINISTRATION 38.00 X 148502 0 20125 ELIZABETHE CULKIN DIR. CONFERENCE & EVENT MG 38.00 X 146143 0 25286 CHRISTIAN CLANSKY DIR. MARKETING & DIGITAL S 38.00 X 136384 0 15625 ELYSE HARRINGTON DIR, OPERATIONS & ADMIN. 38.00 X 134335 0 14993 BENJAMIN KERSHAW DIRECTOR, PUBLIC POLICY & GOV'T RELATIONS 38.00 X 128100 0 109 2090330 0 234552 15 0 1 0 NONPROFIT HR SOLUTIONS 1400 EYE STREET NW SUITE 500 WASHINGTON DC 20005 HR CONSULTING 264435 WASHINGTON COUNCIL E&Y 1001 PENNSYLVANIA AVENUE NW SUITE WASHINGTON DC 20004 LEGAL CONSULTING 231500 OSI BEYOND LLC 11921 ROCKVILLE PIKE ROCKVILLE MD 20852 TECHNOLOGY SERVICES 169289 EDELMAN INTELLIGENCE 21992 NETWORK PLACE CHICAGO IL 60673 DATA AND RESEARCH CONSULTING 159125 4 1541760 13493642 1065 15035402 CONFERENCE FEES 900004 90136 90136 PUBLICATION SALES 900099 81014 81014 171150 203529 203529 114 114 1026361 1482371 -456010 -456010 -173375 -282635 190200 0 190200 190200 190200 SUBLEASE INCOME 900099 99317 99317 PARKING SERVICES 812930 27733 27733 127050 15271435 171150 -145642 210525 X 17295 17295 1560889 877645 534479 148765 2598233 1460915 889685 247633 140124 78788 47981 13355 175974 98945 60257 16772 291106 163681 99680 27745 104169 104169 41780 41780 32769 32769 1650129 1063667 451635 134827 39981 39981 128281 13808 114201 272 43586 21793 21793 1015158 724766 221240 69152 14140 12832 1299 9 126112 114442 11585 85 750 750 121757 121757 83698 83698 DUES & SUBSCRIPTIONS 218358 30418 187708 232 IN-KIND EXPENSES 1065 1065 ALLOCATED OVERHEAD 0 1060413 -1207239 146826 8405354 5780454 1819227 805673 534 534 3127050 8711390 670319 1778961 224528 31928 127844 81370 37320790 12875580 25353844 24445210 9443641 10365773 647123 590472 39594883 46005638 1307152 683479 8963867 7720174 1125000 1125000 228900 1071512 11624919 10600165 X 26343816 32296212 1626148 3109261 27969964 35405473 39594883 46005638 6866081 569428 0 X 0 1 X 1 0 X 5146702 10211632 7812260 7668893 15035402 45874889 5146702 10211632 7812260 7668893 15035402 45874889 7958966 37915923 1127031 970891 1005190 852517 839782 4795411 50670300 2799711 0.74830 0.72040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11524 11524 6893976 6905500 495275 123819 0 0 536282 572992 546387 495275 2150936 3226404 43011 19335 17899 11524 91769 134071 143248 136597 123819 537735 806603 7722558 899333 275784 8346107 6639801 1336571 253814 7722558 7181640 -316349 225490 6639801 6612008 779979 210347 7181640 6358065 416003 162060 6612008 1.00000 0 0 5391820 5391820 26729411 8631140 18098271 2466540 1709737 756803 2733019 2534703 198316 24445210 DEFERRED COMPENSATION PLAN LIABILITY 134763 DEFERRED RENT 3520 DEPOSITS HELD IN ESCROW 91234 PAYROLL PAYCHECK 841995 1071512 17318337 569428 55605 625033 16693304 32769 -1454638 -1421869 15271435 9882828 55605 1454638 1510243 8372585 32769 32769 8405354 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, 2020, BOARD DESIGNATED NET ASSETS INCLUDED $500,000 IN THE SHORT TERM BUILDING OPERATING FUND AND $7,846,107 IN THE LONG TERM RESERVE FUND. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B -1,482,371. PARKING SERVICE REVENUE REPORTED ON LINE 11 27,733. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B 1,482,371. PARKING SERVICE REVENUE REPORTED ON LINE 11 -27,733. 0 UNIVERSITY OF MARYLAND COLLEGE PARK OFFICE OF GIFT ACCEPTANCE 4603 CALVERT ROAD COLLEGE PARK MD 20742 522197313 501(C)(3) 10000 DO GOOD INSTITUTE START-UP FUNDS 1 X X X X X 0 0 0 0 0 0 0 1 0 DANIEL J CARDINALI PRESIDENT & CEO 567317 0 0 0 1072 0 35266 0 13687 0 617342 0 0 0 JEFF MOORE CHIEF STRATEGY OFFICER 231590 0 9306 0 1072 0 17438 0 26575 0 285981 0 0 0 KRISTINA CAMPBELL CHIEF COMMUNICATION OFFICER 206084 0 8200 0 224 0 12092 0 16978 0 243578 0 0 0 VICTOR REINOSO CHIEF OPERATING OFFICER (THRU 9/1/20 198052 0 0 0 302 0 15168 0 26169 0 239691 0 0 0 ELIZABETHE CULKIN DIR. CONFERENCE & EVENT MG 139189 0 5437 0 1517 0 10187 0 16848 0 173178 0 0 0 RHYBERN WATKINS DIRECTOR, FINANCE & ADMINISTRATION 142361 0 5600 0 541 0 10435 0 10431 0 169368 0 0 0 RICK ROBINSON INTERIM COO 154524 0 6145 0 159 0 0 0 0 0 160828 0 0 0 CHRISTIAN CLANSKY DIR. MARKETING & DIGITAL S 131088 0 5100 0 196 0 8283 0 8141 0 152808 0 0 0 ELYSE HARRINGTON DIR, OPERATIONS & ADMIN. 128958 0 5200 0 177 0 8599 0 7496 0 150430 0 0 0 PART I, LINE 7 IN RECOGNITION OF THE EMPLOYEES HARD WORK DURING DIFFICULT TIMES, A PERFORMANCE BONUS WAS GIVEN TO ALL ELIGIBLE EMPLOYEES. A DISTRICT OF COLUMBIA 566001131 2013-06-04 11600000 TO REFINANCE PURCHASE OF HEADQUARTERS BUILDING 0 0 0 A 2685749 11600000 11600000 2013 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 FORM 990, PART III, LINE 2 THERE IS NOTHING LIKE A CRISIS TO KICK THIS COUNTRY'S PUBLIC POLICY APPARATUS INTO HIGH GEAR. AS COVID-19 CLEARLY BEGAN TO IMPACT OUR OPERATIONS AS A SECTOR AND THE COMMUNITIES WE SERVE, IT WAS CLEAR NONPROFIT ORGANIZATIONS WOULD NEED RELIEF. THROUGH A COORDINATED AND COLLABORATIVE EFFORT, INDEPENDENT SECTOR JOINED DAILY COALITION MEETINGS WITH MANY NATIONAL MEMBERS TO COORDINATE POLICY, ADVOCACY, AND COMMUNICATIONS EFFORTS. WE ALSO LEANED HARDER ON OUR DESIRE TO TAKE ON A PROACTIVE, SHAPING ROLE IN THE PUBLIC POLICY SPACE, CREATING THE NONPROFIT INFRASTRUCTURE INVESTMENT ADVOCACY GROUP TO CONSIDER INFRASTRUCTURE INVESTMENTS NEEDED TO BUILD A BETTER FUTURE AFTER COVID-19 AND ENSURE THAT SYSTEMS WERE POSITIONED TO CENTER THE NEEDS OF BLACK, NATIVE, AND OTHER COMMUNITIES OF COLOR IN THE UNITED STATES 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 766,002. MANAGEMENT AND GENERAL EXPENSES 318,083. FUNDRAISING EXPENSES 95,436. TOTAL EXPENSES 1,179,521. LEGISLATIVE ASSISTANCE: PROGRAM SERVICE EXPENSES 163,329. MANAGEMENT AND GENERAL EXPENSES 67,822. FUNDRAISING EXPENSES 20,349. TOTAL EXPENSES 251,500. SPEAKERS, SERVICE BUREAUS, AND OTHER: PROGRAM SERVICE EXPENSES 82,994. MANAGEMENT AND GENERAL EXPENSES 34,463. FUNDRAISING EXPENSES 10,340. TOTAL EXPENSES 127,797. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 51,342. MANAGEMENT AND GENERAL EXPENSES 31,267. FUNDRAISING EXPENSES 8,702. TOTAL EXPENSES 91,311. 1620 IS LLC 1620 L STREET NW WASHINGTON DC 20036 543219877 BUILDING MANAGEMENT DC 840011 24907528 INDEPENDENT SECTOR