2025-08-22T11:05:19-05:00 2024-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2024-01-01 521081024 INDEPENDENT SECTOR INDE 2024676100 1602 L STREET NW 900 WASHINGTON DC 20036 RICK ROBINSON CHIEF OPERATING OFFICER 2024676100 2025-08-20 1 0 MEREDITH BELL P01696827 8042822121 2025-08-20 2024 2025-03-06 01:10:19Z DR AKILAH WATKINS 1602 L STREET NW 900 WASHINGTON DC 20036 10032678 0 X WWW.INDEPENDENTSECTOR.ORG X 1980 DC WE UNITE NONPROFITS AND PHILANTHROPY TO STRENGTHEN THE CHARITABLE SECTOR, IDENTIFYING STRUCTURAL CHALLENGES AND MOBILIZING THE SECTOR AROUND POLICY AND PRACTICE SOLUTIONS. 15 14 34 85 -120318 0 5107014 9166938 191735 9580 297045 201491 -84556 -219592 5511238 9158417 0 5500 0 0 4513697 4276743 0 204750 850036 4751865 3269212 9265562 7756205 -3754324 1402212 26442547 21918940 8910699 7620823 17531848 14298117 X WE UNITE NONPROFITS AND PHILANTHROPY TO STRENGTHEN THE CHARITABLE SECTOR, IDENTIFYING STRUCTURAL CHALLENGES AND MOBILIZING THE SECTOR AROUND POLICY AND PRACTICE SOLUTIONS. 0 0 1685961 5500 PUBLIC POLICY:INDEPENDENT SECTOR'S PUBLIC POLICY LEADERSHIP ACTIVITIES ARE FOCUSED ON RESEARCH, POLICY DEVELOPMENT, ANALYSIS, AND ADVOCACY EFFORTS TO ENSURE A HEALTHY, TRUSTED AND EQUITABLE NONPROFIT SECTOR. IN 2024, WE CONTINUED TO ADDRESS CONCERNS ABOUT DECLINING CHARITABLE GIVING THROUGH PASSAGE OF LEGISLATION THAT WOULD CREATE A UNIVERSAL CHARITABLE DEDUCTION. WE ALSO CONTINUED TO ADVANCE OUR BI-PARTISAN NONPROFIT STAKEHOLDERS ENGAGING AND ADVANCING TOGETHER (NONPROFIT SEAT) LEGISLATION IN THE US HOUSE OF REPRESENTATIVES THAT WOULD ENSURE THE VOICE AND EXPERTISE OF THE NONPROFIT CHARITABLE SECTOR HAD PERMANENT REPRESENTATION WITHIN THE EXECUTIVE BRANCH OF THE FEDERAL GOVERNMENT. AS PART OF OUR SEAT AT THE TABLE INITIATIVE, INDEPENDENT SECTOR CO-HOSTED TWO WHITE HOUSE ROUNDTABLES IN 2024. THE FIRST FOCUSED ON THE STATE OF THE SECTOR'S WORKFORCE AND THE NEED FOR BETTER WORKFORCE DATA. THE SECOND ROUNDTABLE HAD SECTOR LEADERS AND WHITE HOUSE OFFICIALS EXCHANGING INSIGHTS AND SHARING STRATEGIES TO ADVANCE A JUST SOCIETY. WE ALSO BEGAN WORK ON A LEGISLATIVE INITIATIVE TO MAKE CERTAIN THAT NONPROFIT EMPLOYERS ARE ELIGIBLE FOR THE SAME TAX INCENTIVES AS THEIR FOR-PROFIT PEERS FOR INVESTMENT IN THEIR WORKFORCE THROUGH THE CREATION OF RETIREMENT PLANS AND FACILITY-BASED CHILDCARE. IS LAUNCHED AN INTERACTIVE DIGITAL NONPROFIT SECTOR STATE PROFILES RESOURCE, WHICH PROVIDES THE MOST RECENT DATA FOR ALL 50 STATES, THE DISTRICT OF COLUMBIA, AND THE UNITED STATES FROM THE IRS, BLS, CENSUS BUREAU, AMERICORPS, AND INDEPENDENT SECTOR'S OWN RESEARCH. INDEPENDENT SECTOR MEMBERS CAN USE THIS NATIONAL AND STATE DATA TO ADVOCATE MORE EFFECTIVELY WITH POLICYMAKERS, CONDUCT RESEARCH, AND LEARN MORE ABOUT THE SECTOR. IN 2024 WE CONCLUDED A TWO-YEAR SERIES OF REPORTS ON ADVOCACY PRACTICES IN THE NONPROFIT SECTOR AND WORKED WITH AN ADVISORY GROUP OF ADVOCATES TO DEFINE HIGH-PRIORITY INTERVENTIONS INFORMED BY THE RESEARCH. THIS AND OTHER INDEPENDENT SECTOR RESEARCH ALLOW US TO SHAPE MORE EFFECTIVE TOOLS AND TRAINING TO ENSURE NONPROFITS ARE INFORMED AND ACTIVE ADVOCATES. FINALLY, INDEPENDENT SECTOR'S PUBLIC POLICY PRIORITIES AND ADVOCACY EFFORTS ARE ADVANCED BY THE NONPROFIT INFRASTRUCTURE COALITION, A GROUP OF APPROXIMATELY 50 ORGANIZATIONS FROM ACROSS THE SECTOR, THAT ARE ALIGNED WITH THE CORE POLICY AIMS OF IS. THE COALITION IS CO-LED WITH KABOOM! 1305819 COMMUNICATIONS:COMMUNICATIONS AMPLIFIES CRITICAL INFORMATION, ANALYSIS AND STORIES FOR A BROAD, DIVERSE AUDIENCE TO ADVANCE A HEALTHIER CHARITABLE SECTOR. THIS WORK INCLUDES DIGITAL AND PRINT PUBLICATIONS, ANALYSIS AND PERSPECTIVES, AND OTHER RESOURCES DISSEMINATED ACROSS PROPRIETARY AND SOCIAL OR OTHER MEDIA CHANNELS. SAMPLE RESOURCES INCLUDE THE WEEKLY MEMBER NEWSLETTER THE DIGEST, WHICH INCLUDES NEWS AND EVENTS OF INTEREST TO OUR MEMBER ORGANIZATIONS; VOICES FOR GOOD, WHICH PRIMARILY FOCUSES ON THE ORGANIZATION'S PUBLIC POLICY WORK ON BEHALF OF THE SECTOR; AND CHANGEWORKS, WHICH LIFTS THE WORK OF OUR MEMBER ORGANIZATIONS. THIS WORK ALSO BRINGS VOICE AND VISIBILITY TO KEY CHARITABLE SECTOR RESEARCH IS CONDUCTS OR COMMISSIONS, INCLUDING THE PURSUIT OF INFLUENCE: INTERVIEWS WITH NONPROFIT LEADERS ABOUT ADVOCACY; ALICE IN THE NONPROFIT WORKFORCE: A STUDY OF FINANCIAL HARDSHIP, THE FIRST-EVER RESEARCH REPORT THAT FOUND THAT MORE THAN ONE IN FIVE NONPROFIT EMPLOYEES IN THE UNITED STATES STRUGGLE FINANCIALLY; AND INDEPENDENT SECTOR'S 2024 HEALTH OF THE U.S. NONPROFIT SECTOR: ANNUAL REVIEW, WHICH PROVIDED DATA, ANALYSIS, AND RECOMMENDATIONS ABOUT THE KEY AREAS POWERING MORE THAN 1.9 MILLION U.S. NONPROFITS, INCLUDING ECONOMY AND FINANCES, WORKFORCE, TRUST AND GOVERNANCE, AND PUBLIC POLICY ADVOCACY. IS ALSO PRODUCED HARNESSING OUR COLLECTIVE POWER, A COMPREHENSIVE REPORT SUMMARIZING KEY INSIGHTS FROM A NATIONAL LISTENING TOUR, CAPTURING NONPROFIT AND PHILANTHROPIC SECTOR CHALLENGES, TRENDS, AND OPPORTUNITIES. 1134173 SECTOR HEALTH:INDEPENDENT SECTOR'S WORK ANALYZES AND SHARES INSIGHTS ON FOUR CORE ASPECTS OF THE CHARITABLE SECTOR'S HEALTH: (1) FINANCES; (2) WORKFORCE; (3) PUBLIC TRUST AND GOOD GOVERNANCE; (4) POLICY ADVOCACY. RESEARCH FROM VARIOUS AUTHORITATIVE SOURCES IS COMPILED IN THE HEALTH OF THE US NONPROFIT SECTOR ANNUAL REPORT, WHICH WAS RELEASED IN DECEMBER 2024. DATA FINDINGS AND ANALYSIS IN THE REPORT ARE THEN USED TO INFORM POLICY AND PRACTICE INTERVENTIONS NEEDED TO BUILD A HEALTHIER CHARITABLE SECTOR. IS ALSO COMMISSIONS AND CONDUCTS ORIGINAL RESEARCH. IN 2024, WE CONDUCTED OUR FIFTH ANNUAL SURVEY ON PUBLIC TRUST IN NONPROFITS AND PHILANTHROPY, CONDUCTED IN PARTNERSHIP WITH EDELMAN DATA AND INTELLIGENCE. IN 2024, WE FOUND THAT THE NONPROFIT SECTOR IS THE MOST TRUSTED SECTOR OF AMERICAN SOCIETY, IN PART DUE TO CONCERNING LOSSES OF PUBLIC TRUST IN SMALL BUSINESSES AND LOCAL COMMUNITIES. IN 2024 WE CONCLUDED ANOTHER SIGNIFICANT BODY OF RESEARCH, ALSO COMMISSIONED BY INDEPENDENT SECTOR AND MENTIONED ABOVE, EXAMINING ADVOCACY ACTIVITIES BY NONPROFITS. THE QUANTITATIVE STUDY, RELEASED IN 2023, INDICATED CONCERNING DOWNWARD TRENDS IN POLICY ADVOCACY BY NONPROFIT ORGANIZATIONS. IN 2024, WE RELEASED A COMPLEMENTARY QUALITATIVE STUDY THAT PROVIDED MORE INSIGHT INTO HOW AND WHY NONPROFIT ORGANIZATIONS DO OR DO NOT ADVOCATE. ALL OF INDEPENDENT SECTOR'S RESEARCH, TRUE TO IS PRACTICE, IS INTENDED TO INFORM TOOLS, TRAININGS, AND OTHER INTERVENTIONS TO STRENGTHEN THE HEALTH OF THE NONPROFIT SECTOR. 795655 9580 CAPACITY BUILDING:CAPACITY BUILDING ACTIVITIES IN 2024 STRENGTHENED LEADERSHIP DEVELOPMENT AND ADVANCED COMMUNITY TRANSFORMATION ACROSS THE NONPROFIT AND PHILANTHROPIC LANDSCAPE. THROUGH INTENTIONAL CONVENINGS WE CULTIVATED TRANSFORMATIVE LEARNING SPACES AND CROSS-SECTOR COLLABORATION TO SUPPORT LEADERS AND ORGANIZATIONS WORKING AT THE INTERSECTION OF EQUITY, JUSTICE, AND IMPACT. 253563 MEMBERSHIP:MEMBERSHIP AT INDEPENDENT SECTOR PROVIDES FULL ACCESS TO OPPORTUNITIES TO MEET, COLLABORATE WITH, AND LEARN FROM FELLOW CHANGEMAKERS AND THOUGHT LEADERS AT INDEPENDENT SECTOR EVENTS AND CONVENINGS; VIRTUALLY AND IN-PERSON. MEMBERS HEAR DIRECTLY FROM POLICY AND OTHER CHARITABLE SECTOR EXPERTS ON ISSUES IMPACTING THE SECTOR AND INCREASE INDIVIDUAL AND ORGANIZATIONAL KNOWLEDGE AND SKILLS THROUGH WEBINARS AND WORKSHOPS. 1049218 9580 5175171 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 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 29 0 1 34 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AK 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 X X RICK ROBINSON 2024676100 1602 L STREET NW 900 WASHINGTON DC 20036 AKILAH WATKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 38.00 X X 592680 0 72159 FRED BLACKWELL CHAIRMAN (THRU 10/2024) 1.00 X X 0 0 0 REV ADAM RUSSELL TAYLOR CHAIRMAN (BEG 10/2024) 1.00 X X 0 0 0 SARAH KASTELIC VICE CHAIRMAN (THRU 10/2024) 1.00 X X 0 0 0 DR JOHN BROTHERS VICE CHAIRMAN (THRU 10/2024) 1.00 X X 0 0 0 DR MICHAEL MCAFEE SECRETARY (THRU 10/2024) 1.00 X X 0 0 0 SONYA CAMPION SECRETARY (BEG 10/2024) 1.00 X X 0 0 0 JENNIFER FORD REEDY TREASURER (THRU 10/2024) 1.00 X X 0 0 0 LYSA RATLIFF TREASURER (BEG 10/2024) 1.00 X X 0 0 0 PHOEBE BOYER BOD, AT LARGE (THRU 9/2024) 1.00 X 0 0 0 DR MANUEL PASTOR BOD, AT LARGE (BEG 10/2024) 1.00 X 0 0 0 ANN MEI CHANG BOARD OF DIRECTOR 1.00 X 0 0 0 HILLARY PENNINGTON BOARD OF DIRECTOR 1.00 X 0 0 0 JULIE GEHRKI BOARD OF DIRECTOR 1.00 X 0 0 0 SUZANNE MCCORMICK BOARD OF DIRECTOR 1.00 X 0 0 0 ISAIAH OLIVER BOARD OF DIRECTOR 1.00 X 0 0 0 JOSE ANTONIO TIJERINO BOARD OF DIRECTOR 1.00 X 0 0 0 JACQUELINE MARTINEZ GARCEL BOARD OF DIRECTOR 1.00 X 0 0 0 JANEEN COMENOTE BOARD OF DIRECTOR 1.00 X 0 0 0 RICHARD E BESSER BOARD OF DIRECTOR 1.00 X 0 0 0 NICOLE ANDERSON BOARD OF DIRECTOR (THRU 10/2024) 1.00 X 0 0 0 JANINE LEE BOARD OF DIRECTOR (THRU 4/2024) 1.00 X 0 0 0 RICK ROBINSON CHIEF OPERATING OFFICER 38.00 X 313274 0 47164 JEFF MOORE CHIEF STRATEGY OFFICER 38.00 X 262657 0 44903 RHEA ILAGAN DIRECTOR, FINANCE 38.00 X 163987 0 28808 BENJAMIN KERSHAW DIR, PUBLIC POLICY & GOV'T 38.00 X 158495 0 15182 ELYSE HARRINGTON DIRECTOR OF OPERATIONS 38.00 X 160863 0 18181 AIDA GUEYE DIRECTOR, PEOPLE AND CULTURE 38.00 X 141047 0 22522 KEVIN MILLER DIRECTOR, RESEARCH & POLICY ANALYSIS 38.00 X 148474 0 18806 1941477 0 267725 8 0 1 0 ERNST & YOUNG US LLP WASHINGTON COUNCIL 1101 NEW YORK AVE NW 4TH FL WASHINGTON DC 20005 LEGAL CONSULTING 300000 BRIDGE PARTNERS LLC 27 UNION SQUARE WEST STE 502 NEW YORK NY 10003 EXECUTIVE SEARCH FIRM 184613 URBAN INSTITUTE 500 LENFANT PLAZA SW WASHINGTON DC 20024 RESEARCH CONSULTANT 175000 COMMUNITY COUNSELING SERVICES 527 MADISON AVE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING CONSULTING FIRM 168750 EDELMAN INTELLIGENCE 111 NORTH CANAL STREET SUITE 1100 CHICAGO IL 60606 RESEARCH CONSULTANTS 164000 7 1028501 8138437 9166938 PUBLICATION SALES 900099 9580 9580 9580 201491 201491 387 387 610985 874261 -263276 -263276 -143420 -119856 PARKING SERVICES 812930 23102 23102 SUBLEASE INCOME 900099 20195 20195 43297 9158417 9580 -120318 102217 X 5500 5500 1332836 663441 598308 71087 2346871 1168193 1053507 125171 163155 81213 73240 8702 178214 88709 80000 9505 255667 127262 114769 13636 58055 41166 5794 11095 61657 32966 19806 8885 204750 204750 21213 21213 1629180 1015157 555516 58507 23186 12397 7446 3343 117744 55869 61873 2 47323 2508 44813 2 483198 414911 26874 41413 234221 130428 96296 7497 182335 87510 89878 4947 88826 88826 24174 24174 63745 5897 57843 5 DUES & SUBSCRIPTIONS 229959 12185 217763 11 OTHER EXPENSES 4396 4396 ALLOCATED EXPENSES 0 1229859 -1511337 281478 7756205 5175171 1730998 850036 534 534 1026259 4442577 927980 1527260 150286 131992 111544 188110 2862330 2827769 23026 34561 7892310 4094357 16310608 11499549 26442547 21918940 1172365 313056 7641448 7177961 96886 129806 8910699 7620823 X 15583787 10370328 1948061 3927789 17531848 14298117 26442547 21918940 X 1402212 135357 -4771300 X X 0 1 X 1 0 X 15035402 7836995 4963916 5107014 9166938 42110265 15035402 7836995 4963916 5107014 9166938 42110265 10253415 31856850 839782 662040 1104265 659098 480029 3745214 45855479 595348 0.69470 0.67930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 26973 26973 8582280 8609253 580463 145116 0 0 609299 704636 655452 580463 2549850 3824775 27892 31947 28279 26973 115091 152325 176159 163863 145116 637463 956195 5682622 229616 3167297 2744941 7155192 789430 2262000 5682622 8950733 -1479494 316047 7155192 8346107 913655 309029 8950733 7722558 899333 275784 8346107 1.00000 0 0 52548 51828 720 2809782 2775941 33841 34561 ASSET HELD FOR SALE 11206000 DEFERRED COMPENSATION 50985 DEFERRED LEASE INCENTIVES 46249 DEFERRED RENT RECEIVABLE 164614 DEPOSITS 20130 LEASING COMMISSION COSTS, NET 11571 11499549 DEFERRED COMPENSATION PLAN LIABILITY 45852 DEPOSITS HELD IN ESCROW 73618 DEFERRED RENT 10336 129806 5352420 135357 -4771300 -4635943 9988363 21213 -851159 -829946 9158417 8586151 851159 851159 7734992 21213 21213 7756205 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, 2024, BOARD DESIGNATED NET ASSETS INCLUDED $500,000 IN THE SHORT-TERM BUILDING OPERATING FUND AND $2,244,941 IN THE LONG-TERM RESERVE FUND. PART XI, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT LOSS -4,771,300. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B -874,261. PARKING SERVICE REVENUE REPORTED ON LINE 11 23,102. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B 874,261. PARKING SERVICE REVENUE REPORTED ON LINE 11 -23,102. X 1 COMMUNITY COUNSELLING SERVICE LLC 527 MADISON AVE 5TH FLR NEW YORK NY 10022 CONSULTS ON GRANT RELATED ACTIVITIES 0 2389250 168750 2220500 RICHARD M RODERO JR 26 PONI MOI PLACE HILO HI 96720 CONSULTS ON GRANT RELATED ACTIVITIES 0 250000 36000 214000 2639250 204750 2434500 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC X X X X X 0 0 0 0 0 0 0 0 0 AKILAH WATKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 592230 0 0 0 450 0 46000 0 26159 0 664839 0 0 0 RICK ROBINSON CHIEF OPERATING OFFICER 311984 0 0 0 1290 0 23393 0 23771 0 360438 0 0 0 JEFF MOORE CHIEF STRATEGY OFFICER 260677 0 0 0 1980 0 19998 0 24905 0 307560 0 0 0 RHEA ILAGAN DIRECTOR, FINANCE 163562 0 0 0 425 0 12049 0 16759 0 192795 0 0 0 ELYSE HARRINGTON DIRECTOR OF OPERATIONS 160440 0 0 0 423 0 10213 0 7968 0 179044 0 0 0 BENJAMIN KERSHAW DIR, PUBLIC POLICY & GOV'T 158070 0 0 0 425 0 11456 0 3726 0 173677 0 0 0 KEVIN MILLER DIRECTOR, RESEARCH & POLICY ANALYSIS 148073 0 0 0 401 0 10576 0 8230 0 167280 0 0 0 AIDA GUEYE DIRECTOR, PEOPLE AND CULTURE 140853 0 0 0 194 0 10052 0 12470 0 163569 0 0 0 A DISTRICT OF COLUMBIA 566001131 2013-06-04 11600000 TO REFINANCE PURCHASE OF HEADQUARTERS BUILDING 0 0 0 A 4394734 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 VI, SECTION A, LINE 4 WE APPROVED A BYLAWS CHANGE AT THE ANNUAL BUSINESS MEETING TO REDUCE THE MINIMUM THRESHOLD FOR THE NUMBER OF BOARD MEMBERS FROM SIXTEEN (16) TO TWELVE (12) 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, 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. A COMPENSATION STUDY WAS CONDUCTED IN JANUARY AND APRIL OF 2024. 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 UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). 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 774,301. MANAGEMENT AND GENERAL EXPENSES 391,629. FUNDRAISING EXPENSES 3,940. TOTAL EXPENSES 1,169,870. LEGISLATIVE ASSISTANCE: PROGRAM SERVICE EXPENSES 173,769. MANAGEMENT AND GENERAL EXPENSES 104,397. FUNDRAISING EXPENSES 46,834. TOTAL EXPENSES 325,000. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 63,728. MANAGEMENT AND GENERAL EXPENSES 57,472. FUNDRAISING EXPENSES 6,828. TOTAL EXPENSES 128,028. HONORARIA: PROGRAM SERVICE EXPENSES 3,359. MANAGEMENT AND GENERAL EXPENSES 2,018. FUNDRAISING EXPENSES 905. TOTAL EXPENSES 6,282. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS -4,771,300. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. 1620 IS LLC 1620 L STREET NW WASHINGTON DC 20036 543219877 BUILDING MANAGEMENT DC 1210985 11524880 INDEPENDENT SECTOR