2018-05-10T08:48:52-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2016-07-01 521469926 THE ECONOMIC CLUB OF WASHINGTON DC ECON 2024813260 1156 15TH STREET NW NO 601 WASHINGTON DC 20005 MARY BRADY EXECUTIVE DIRECTOR 2024813260 2018-05-09 1 HEMALI PATEL P01337292 5712279500 2016 2022-09-23 18:48:47Z MARY BRADY 1156 15TH STREET NW NO 601 WASHINGTON DC 20005 4713211 0 X WWW.ECONOMICCLUB.ORG X 1986 DC TO PROVIDE A FORUM FOR THE STUDY & DISCUSSION OF TIMELY ECONOMIC, BUSINESS & PUBLIC POLICY ISSUES. 48 47 11 47 0 0 3086711 4249102 298710 316921 29649 64447 0 5174 3415070 4635644 596820 689884 0 0 893615 1004952 0 0 367114 1581990 1688011 3072425 3382847 342645 1252797 3782974 5056186 1515044 1453726 2267930 3602460 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. 0 0 1501817 139226 PROGRAM EVENTS - MONTHLY BREAKFAST, LUNCH, OR DINNER EVENTS PROVIDING REGIONAL BUSINESS LEADERS AND THEIR GUESTS THE OPPORTUNITY TO HEAR FEATURED SPEAKERS AND GAIN A BETTER UNDERSTANDING OF 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. ADDITIONAL EVENTS PROVIDE MEMBERS REGULAR OPPORTUNITY FOR SMALL-GROUP PEER INTERACTION. SEMI-ANNUAL MEMBER-HOSTED DINNERS FOSTER COMMUNITY THROUGH INFORMAL DISCUSSION IN A SOCIAL SETTING, AND REGULAR EXECUTIVE CONVERSATINS ALLOW SELECT MEMBERS TO GAIN IN-DEPTH KNOWLEDGE ABOUT UPCOMING TRENDS, AND UNIQUE BUSINESS ISSUES AND SOLUTIONS. 914229 689884 SCHOLARSHIP PROGRAMS - COLLEGE SCHOLARSHIPS IN THE AMOUNT OF $20,000 EACH ARE AWARDED TO UP TO 49 WASHINGTON, DC, PUBLIC AND CHARTER HIGH SCHOOL SENIORS BASED ON ACADEMIC ACHIEVEMENT AND OTHER FACTORS. THROUGH A VIGOROUS APPLICATION PROCESS, FELLOWSHIPS IN THE AMOUNT OF $10,000 EACH ARE AWARDED TO UP TO 3 DESERVING AND QUALIFIED DOCTORAL CANDIDATE STUDENTS STUDYING AREAS OF INTEREST TO THE ECONOMIC CLUB OF WASHINGTON, DC, AND WHO ARE CURRENTLY ENROLLED AT COLLEGES AND UNIVERSITIES WITHIN THE CONSORTIUM OF UNIVERSITIES IN THE WASHINGTON METROPOLITAN AREA. 16962 177695 MEMBERSHIP - A PROGRAM DEVISED TO ATTRACT AND RETAIN POTENTIAL MEMBERS WHO CAN CONTRIBUTE TO THE DISCUSSION OF ECONOMIC AND PUBLIC POLICY ISSUES OF IMPORTANCE TO OUR MEMBERS, OUR COMMUNITY, AND THE NATION, AND WHO REFLECT AND EXPAND THE DIVERSITY OF ECONOMIC KNOWLEDGE AND EXPERIENCE REPRESENTED BY THE ORGANIZATION, AND SUPPORT OUR POSITION AS THE PREMIER FORUM FOR LEADERS. 2433008 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 15 0 11 1 0 0 0 0 0 1 1 0 0 0 0 X 48 47 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X CRAIG LEJEUNE 2024813260 1156 15TH STREET NW SUITE 601 WASHINGTON DC 20005 MARY BRADY EXECUTIVE DIRECTOR 48.00 X X 316925 0 51016 DAVID M RUBENSTEIN PRESIDENT 2.00 X X 0 0 0 WENDELIN A WHITE GENERAL COUNSEL 0.50 X X 0 0 0 STUART L SOLOMON SECRETARY 0.50 X X 0 0 0 CAROL A MELTON VICE PRESIDENT 0.50 X X 0 0 0 CHRISTOPHER G CAINE CO-VP OF MEMBERSHIP 0.50 X X 0 0 0 DAVID GEANACOPOULOS CO-VP OF MEMBERSHIP 0.50 X X 0 0 0 DAVID POLLIN CO-VP OF NOMINATING 0.50 X X 0 0 0 KATHARINE B WEYMOUTH CO-VP OF NOMINATING 0.50 X X 0 0 0 JEFFREY EISENACH CO-VP OF EDUCATION 0.50 X X 0 0 0 GINA ADAMS CO-VP OF EDUCATION 0.50 X X 0 0 0 JOHN C LEE IV VP OF FINANCE 0.50 X X 0 0 0 GARY TABACH VP OF AUDIT 0.50 X X 0 0 0 BRIAN KELLY CO-VP OF PROGRAMS 0.50 X X 0 0 0 ERIC SPIEGEL CO-VP OF PROGRAMS 0.50 X X 0 0 0 DAVE MCCURDY VP OF RESOURCE DEVELOPMENT 0.50 X X 0 0 0 MEREDITH BAKER BOARD MEMBER 0.30 X 0 0 0 BRIAN BERRY BOARD MEMBER 0.30 X 0 0 0 KATHERINE BRITTAIN BRADLEY BOARD MEMBER 0.30 X 0 0 0 TONI COOK BUSH BOARD MEMBER 0.30 X 0 0 0 TERESA CARLSON BOARD MEMBER 0.30 X 0 0 0 TIM COUGHLIN BOARD MEMBER 0.30 X 0 0 0 CHRISTOPHER CRANE BOARD MEMBER 0.30 X 0 0 0 JACK DAVIES BOARD MEMBER 0.30 X 0 0 0 MARGARET DUNNING BOARD MEMBER 0.30 X 0 0 0 JORDAN GOLDSTEIN BOARD MEMBER 0.30 X 0 0 0 MICHAEL HARRELD BOARD MEMBER 0.30 X 0 0 0 KIM HORN BOARD MEMBER 0.30 X 0 0 0 JAKE JONES BOARD MEMBER 0.30 X 0 0 0 KATHYRN KAROL BOARD MEMBER 0.30 X 0 0 0 TIM KEATING BOARD MEMBER 0.30 X 0 0 0 STEVEN KNAPP BOARD MEMBER 0.30 X 0 0 0 DEBRA LEE BOARD MEMBER 0.30 X 0 0 0 KATHLEEN MATTHEWS BOARD MEMBER 0.30 X 0 0 0 TIM MCBRIDE BOARD MEMBER 0.30 X 0 0 0 ROBERY MILKOVICH BOARD MEMBER 0.30 X 0 0 0 SUSAN MOLINARI BOARD MEMBER 0.30 X 0 0 0 GEOFF MORRELL BOARD MEMBER 0.30 X 0 0 0 KURT NEWMAN BOARD MEMBER 0.30 X 0 0 0 TONY PIERCE BOARD MEMBER 0.30 X 0 0 0 LINDA RABBITT BOARD MEMBER 0.30 X 0 0 0 KEVIN REYNOLDS BOARD MEMBER 0.30 X 0 0 0 TODD RICH BOARD MEMBER 0.30 X 0 0 0 KENNETH SAMET BOARD MEMBER 0.30 X 0 0 0 PETER SCHER BOARD MEMBER 0.30 X 0 0 0 KEVIN VIROSTEK BOARD MEMBER 0.30 X 0 0 0 JONATHAN WITTER BOARD MEMBER 0.30 X 0 0 0 CANDIDA WOLFF BOARD MEMBER 0.30 X 0 0 0 316925 0 51016 1 0 1 0 PRG PO BOX 5116 NEW YORK NY 10087 AUDIO VISUAL EVENT PRODUCTION 211948 URBAN ALLIANCE 2030 Q STREET NW WASHINGTON DC 20009 INTERNSHIP PROGRAM FACILITATORS 189000 2 1476527 2772575 4249102 MEETINGS REVENUE 900099 177695 177695 MEMBER DUES 900099 139226 139226 316921 18460 18460 123554 77567 45987 45987 45987 5174 5174 5174 4635644 316921 0 69621 689884 689884 420721 256818 58558 105345 431573 263442 60068 108063 39522 24125 5501 9896 61553 35501 11490 14562 51583 31487 7180 12916 68079 148 67806 125 12359 12359 71476 23400 47556 520 56205 44816 2815 8574 151912 18632 100233 33047 15794 15490 187 117 132614 191 132423 6628 3732 1234 1662 1027426 927271 45800 54355 7984 665 7319 5735 5735 SCHOLARSHIP STAFF & MAT 80349 80349 MEMBERSHIP DUES & SUBSC 33805 1700 14173 17932 STAFF ASSISTANCE 17645 15357 2288 3382847 2433008 582725 367114 499277 532806 1544735 2666331 782000 831400 51772 16949 55885 17334 46535 38551 858655 970149 3782974 5056186 381599 237472 1133445 1216254 1515044 1453726 X 1869430 2689844 398500 912616 2267930 3602460 3782974 5056186 1252797 81733 0 X 0 1 X 1 0 X 1881602 2405196 2653196 3086711 4249102 14275807 1881602 2405196 2653196 3086711 4249102 14275807 3024552 11251255 12074 13262 14224 17729 18460 75749 5174 5174 14356730 1606231 0.78370 0.83090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55885 17334 38551 38551 X 4705018 81733 81733 4623285 12359 12359 4635644 3370488 0 3370488 12359 12359 3382847 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, 2017, 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 RUBENSTEIN SCHOLARSHIP 91 455884 COMMUNITY GRANTS/ INTERNSHIPS 30 204000 FELLOWSHIP AWARD 3 30000 PART I, LINE 2: FELLOWSHIPS ARE PRESENTED TO INDIVIDUAL WINNERS BASED ON RECOMMENDATIONS PROVIDED BY A THIRD PARTY REVIEWER BASED ON THE GUIDELINES IN THE FELLOWSHIP APPLICATION. FUNDS ARE DISTRIBUTED BY THE CONSORTIUM OF UNIVERSITIES AND RELEASED IN PAYMENTS BASED ON TARGETED ACHIEVEMENTS. 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 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 PARTNERS WITH URBAN ALLIANCE TO FUND AND PROVIDE JOB TRAINING AND PLACEMENT. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARY BRADY EXECUTIVE DIRECTOR 296925 0 20000 0 0 0 34450 0 16566 0 367941 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS FOR THE EXECUTIVE DIRECTOR'S UNIVERSITY CLUB MEMBERSHIP. 2016 CALENDAR YEAR AMOUNT IS $7,940.17. IT IS NOT INCLUDED IN MARY'S COMPENSATION AS THE ORGANIZATION BELIEVES IT'S AN ORDINARY AND NECESSARY BUSINESS EXPENSE FOR MEMBERSHIP RECRUITMENT AND ENGAGEMENT. LINDA LARSON FAMILY MEMBER OF OFFICER 62214 LINDA LARSON, SISTER TO MARY BRADY, PERFORMS CONTRACT WORK AS SCHOLARSHIP COORDINATOR FOR THE ORGANIZATION. THE SCHOLARSHIP COORDINATOR'S COMPENSATION IS REVIEWED AND APPROVED BY MEMBERS OF THE BOARD ALSO SERVING ON THE ECONOMIC CLUB'S AUDIT COMMITTEE. 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, FIRST VICE PRESIDENT, EXECUTIVE DIRECTOR, SECRETARY, GENERAL COUNSEL, AND THE VICE PRESIDENTS WHO ARE CHAIRS OR CO-CHAIRS OF THE AUDIT AND COMPLIANCE, EDUCATION, TASK FORCES, FINANCE, MEMBERSHIP, NOMINATING AND PROGRAMS STANDING COMMITTEES. THE EXECUTIVE COMMITTEE HAS THE FULL MANAGERIAL AND OPERATIONAL POWER AND AUTHORITY OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 DAVID M RUBENSTEIN IS A MEMBER OF THE CARLYLE GROUP. 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, THERBY GIVING ALL MEMBERS WHO WISH TO PARTICIPATE THE OPPORTUNITY TO INFLUENCE THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY (THE BOARD) MANAGES THE BUSINESS OF THE ECONOMIC CLUB. THE BOARD CONSISTS OF 48 DIRECTORS, 38 OF WHOM ARE ELECTED BY THE MEMBERS OF THE CLUB, 1 OF WHOM IS THE SECRETARY OF THE CLUB, 1 OF WHOM IS THE EXECUTIVE DIRECTOR. THE PRESIDENT IS ENTITLED, BUT NOT OBLIGATED, TO APPOINT ADDITIONAL DIRECTORS TO FILL THE REMAINING 8 SEATS. THE CORPORATION SHALL HOLD AN ANNUAL MEETING OF MEMBERS ON SUCH DATE, AND AT SUCH TIME AND PLACE, AS THE BOARD OF DIRECTORS SHALL DESIGNATE IN THE NOTICE OF THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF MEMBERS. MEMBERS SHALL HAVE NO OTHER VOTING RIGHTS, UNLESS PROVIDED BY THE BOARD. THE ORGANIZATION HAS MEMBERS WHO MAY SERVE ON A NOMINATING COMMITTEE. THE NOMINATING COMMITTEE CO-CHAIRMEN 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 REVIEWED BY THE EXECUTIVE DIRECTOR AND THE CHAIRS OF THE FINANCE AND AUDIT COMMITTEES. 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. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS DETERMINED AND APPROVED BY A COMPENSATION COMMITTEE AND THE VP OF FINANCE. THEY HAVE A WRITTEN EMPLOYMENT CONTRACT AND COMPENSATION IS COMPARED BY A COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST TO THE ORGANIZATION.