2017-11-15T16:41:27-06:00 2016-12-31 470900880 CALIBRE CPA GROUP PLLC 7501 WISCONSIN AVENUE SUITE 1200 WEST BETHESDA MD 20814 990 2016-01-01 520887806 INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL INTE 2022234735 734 15TH STREET NW NO 900 WASHINGTON DC 20005 SHARON COY VP OF FINANCE & CFO 2022234735 2017-11-15 1 SUBRINA WOOD CPA P00365899 2023319880 38.100.43.98 2017-11-15 17:40:25 ES P 0B21F9EC6DA69D5779FB3A0F53E2CCC93ABC7A94 560B6C30AC8283AFB414BB54267C82E88C1BCB5E 2016 2021-01-29 14:40:06Z JEFFERY A FINKLE 734 15TH STREET NW NO 900 WASHINGTON DC 20005 6270117 0 X WWW.IEDCONLINE.ORG X 2001 WI EDC WORKS TO HELP ECONOMIC DEVELOPERS DO THEIR JOBS MORE EFFECTIVELY, AND TO RAISE THE PROFILE OF THE PROFESSION. IF WE SUCCEED, OUR MEMBERS CREATE MORE HIGH-QUALITY JOBS, DEVELOP MORE VIBRANT COMMUNITIES, AND GENERALLY IMPROVE THE QUALITY OF LIFE IN THEIR REGIONS. TO THAT END, WE PROVIDE INFORMATION ON TRENDS AND BEST PRACTICES, NETWORKING OPPORTUNITIES, PROFESSIONAL DEVELOPMENT COURSES AND NUMEROUS OTHER SERVICES. 55 55 52 75 156861 131561 2548973 2105682 3676384 4127613 34506 36822 0 0 6259863 6270117 0 0 0 0 3272198 3278638 0 0 0 2641870 2808773 5914068 6087411 345795 182706 5981327 6063157 2468520 2367644 3512807 3695513 X IEDC WORKS TO HELP ECONOMIC DEVELOPERS DO THEIR JOBS MORE EFFECTIVELY, AND TO RAISE THE PROFILE OF THE PROFESSION. IF WE SUCCEED, OUR MEMBERS CREATE MORE HIGH-QUALITY JOBS, DEVELOP MORE VIBRANT COMMUNITIES, AND GENERALLY IMPROVE THE QUALITY OF LIFE IN THEIR REGIONS. TO THAT END, WE PROVIDE INFORMATION ON TRENDS AND BEST PRACTICES, NETWORKING OPPORTUNITIES, PROFESSIONAL DEVELOPMENT COURSES AND NUMEROUS OTHER SERVICES. 0 0 3196457 3970752 THE IEDC ADVISORY SERVICES AND RESEARCH (ASR) DEPARTMENT WORKED TO IMPROVE ECONOMIC OPPORTUNITIES FOR COMMUNITIES AND REGIONS PROVIDED TECHNICAL ASSISTANCE AND CUSTOMIZED ANALYSIS THAT HELPED CREATED SUSTAINABLE ECONOMIC DEVELOPMENT SOLUTIONS. WE KEPT ECONOMIC DEVELOPMENT PROFESSIONALS INFORMED ON ISSUES AND TRENDS IN THE FIELD THROUGH RESEARCH, PUBLICATIONS AND INFORMATION DISSEMINATION. 3196457 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 52 0 1 1 0 0 0 0 0 0 0 X 55 55 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X JEFFREY FINKLE 2022234735 734 15TH STREET NW NO 900 WASHINGTON DC 20005 BARRY MATHERLY BOARD CHAIR 25.00 X X 0 0 0 MICHEAL LANGLEY BOARD VICE CHAIR 20.00 X X 0 0 0 CRAIG RECHARDS BOARD SECRETARY/ TREASURER 15.00 X X 0 0 0 TODD GREENE CHAIR, PLANNING AND BUSINESS DEVELOPMENT 15.00 X X 0 0 0 TRACYE MCDANIEL CHAIR, EXTERNAL MEMBER RELATIONS 15.00 X X 0 0 0 KENNY MCDONALD CHAIR, PERFORMANCE OVERSIGHT AND MONITORING 15.00 X X 0 0 0 JOANN CRARY IMMEDIATE PAST BOARD CHAIR 15.00 X X 0 0 0 WILLIAM ALLEN DIRECTOR 10.00 X 0 0 0 SUSAN AMRING DIRECTOR 10.00 X 0 0 0 DARRELL AUTERSON DIRECTOR 10.00 X 0 0 0 DAVID BERZINA DIRECTOR 10.00 X 0 0 0 DYAN BRASINGTON DIRECTOR 10.00 X 0 0 0 MARVA BRYAN DIRECTOR 10.00 X 0 0 0 CHRIS CAMACHO DIRECTOR 10.00 X 0 0 0 ROBERT CAMOIN DIRECTOR 10.00 X 0 0 0 TIM CHASE DIRECTOR 10.00 X 0 0 0 CHRISTOPHER CHUNG DIRECTOR 10.00 X 0 0 0 AMY CLICKNER DIRECTOR 10.00 X 0 0 0 JIM COLLARD DIRECTOR 10.00 X 0 0 0 HILARY COMAN DIRECTOR 10.00 X 0 0 0 BRYAN DANIELS DIRECTOR 10.00 X 0 0 0 LINDA DIMARIO DIRECTOR 10.00 X 0 0 0 NEIL EVERSON DIRECTOR 10.00 X 0 0 0 KRISTEN FISH DIRECTOR 10.00 X 0 0 0 RAYMOND GILLEY DIRECTOR 10.00 X 0 0 0 GYNII GILLIAM DIRECTOR 10.00 X 0 0 0 CECILIA HARRY DIRECTOR 10.00 X 0 0 0 MARIO HERNANDEZ DIRECTOR 10.00 X 0 0 0 CLARENCE HULSE DIRECTOR 10.00 X 0 0 0 JEFFERY KACZMAREK DIRECTOR 10.00 X 0 0 0 THOMAS KUCHARSKI DIRECTOR 10.00 X 0 0 0 HEATHER LALONDE DIRECTOR 10.00 X 0 0 0 ALLISON LARSEN DIRECTOR 10.00 X 0 0 0 CAROL KRAUS LAUFFER DIRECTOR 10.00 X 0 0 0 ANDREW LEVINE DIRECTOR 10.00 X 0 0 0 JEFFERY MALEHORN DIRECTOR 10.00 X 0 0 0 SCOTT MARTINEZ DIRECTOR 10.00 X 0 0 0 BRIAN MCGOWAN DIRECTOR 10.00 X 0 0 0 RODERICK MILLER DIRECTOR 10.00 X 0 0 0 MARY ANN MOON DIRECTOR 10.00 X 0 0 0 TRACEY NICHOLS DIRECTOR 10.00 X 0 0 0 MARK O'CONNELL DIRECTOR 10.00 X 0 0 0 DIANE PALMINTERA DIRECTOR 10.00 X 0 0 0 JONAS PETERSON DIRECTOR 10.00 X 0 0 0 LYNEIR RICHARDSON DIRECTOR 10.00 X 0 0 0 JAN ROGERS DIRECTOR 10.00 X 0 0 0 GILBERT SALINAS DIRECTOR 10.00 X 0 0 0 JOHN STERNLICHT DIRECTOR 10.00 X 0 0 0 MICHAEL TAYLOR DIRECTOR 10.00 X 0 0 0 ALLISON THOMPSON DIRECTOR 10.00 X 0 0 0 MARTIN VANAGS DIRECTOR 10.00 X 0 0 0 STEVE WEATHERS DIRECTOR 10.00 X 0 0 0 JOY WILKINS DIRECTOR 10.00 X 0 0 0 ROY WILLIAMS DIRECTOR 10.00 X 0 0 0 BEN WRIGHT DIRECTOR 10.00 X 0 0 0 JEFF FINKLE PRESIDENT & CEO 40.00 X X 369465 0 6000 SHARON COY VP OF FINANCE AND CFO 40.00 X 135441 0 14639 LYNN KNIGHT VP OF KMD 40.00 X 138216 0 10613 TRACY KITTS CAO 40.00 X 143616 0 10180 786738 0 41432 4 1 1 0 SHARI NOURICK 13380 NW 11TH LANE FT LAUDERDALE FL 33323 176330 1 1476599 596707 32376 2105682 CONFERENCE 900099 2541577 2541577 EDUCATION/CERTIFICATIO 900099 930723 930723 ADVISORY SERVICES 900099 498452 498452 EMPLOYMENT SERVICES 561300 156861 156861 4127613 36822 36822 6270117 3970752 156861 36822 X 892865 467124 425741 1494528 1027301 467227 186680 97666 89014 513014 268396 244618 191551 100215 91336 31319 31319 714023 513548 200475 8239 6369 1870 254583 190871 63712 155705 86827 68878 283756 17488 266268 95004 72970 22034 849069 782377 66692 10386 10386 36392 36392 UBIT EXPENSES 24300 24300 CREDIT CARD AND BANK CH 130502 130502 OTHER EXPENSES 63263 63263 DUES AND SUBSCRIPTIONS 59041 52953 6088 93191 -487648 580839 6087411 3196457 2890954 0 1048531 548935 1173408 887929 1098289 667683 12151 12155 251720 298646 618764 615374 7556 3390 2100000 3300000 275034 329781 14638 14638 5981327 6063157 567305 418563 1566647 1567877 334568 381204 2468520 2367644 X 3434175 3584505 78632 111008 3512807 3695513 5981327 6063157 182706 0 X X 0 1 X 1 1 1 X 1580402 1754248 2147311 2548973 2105682 10136616 1580402 1754248 2147311 2548973 2105682 10136616 10136616 21839 26189 25971 34506 36822 145327 137456 144971 132561 414988 10696931 0.94760 0.95740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 618764 615374 3390 3390 DEFERRED COMPENSATION INVESTMENT 329781 C 329781 DEFERRED RENT EXPENSE 51423 DEFERRED COMPENSATION LIABILITY 329781 381204 X 6380540 110423 110423 6270117 0 6270117 6197834 110423 110423 6087411 0 6087411 PART X, LINE 2: THE COUNCIL IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE COUNCIL IS ALSO EXEMPT UNDER SECTION 47-1802.1(3) OF THE D.C. CODE. THE COUNCIL HAD INCOME TAX EXPENSE RELATING TO ADVERTISING INCOME OF $2,666 AND $63,100 FOR THE YEARS ENDING DECEMBER 31, 2016 AND 2015, RESPECTIVELY. THE COUNCIL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE COUNCIL'S TAX POSITIONS AND HAS CONCLUDED THAT THE COUNCIL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE COUNCIL WOULD BE LIABLE FOR INCOME TAXES IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE COUNCIL IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES BEFORE 2013. 1 X X X X X 0 0 0 0 0 0 0 0 0 JEFF FINKLE PRESIDENT & CEO 301165 0 68300 0 0 0 23900 0 35880 0 429245 0 0 0 SHARON COY VP OF FINANCE AND CFO 121099 0 14342 0 0 0 0 0 14639 0 150080 0 0 0 TRACY KITTS CAO 132825 0 10791 0 0 0 0 0 10180 0 153796 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDED A COPY OF THE FORM 990 TO ITS BOARD OF DIRECTORS FOR REVIEW BEFORE THE FINAL FORM 990 WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C IEDC WILL PERIODICALLY REQUIRE EACH BOARD MEMBER TO COMPLETE A CONFLICT OF INTEREST FORM. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD'S COMPENSATION COMMITTEE REVIEWS THE EMPLOYMENT AGREEMENT AND COMPENSATION ANNUALLY. THEY ARE COMPARED AGAINST OTHER NON-PROFITS WITH COMPARABLE SIZE. IEDC HAD AN ORGANIZATIONAL COMPENSATION STUDY COMPLETED BY QUATT ASSOCIATES DURING 2016. STAFF SALARIES WERE ADJUSTED TO THE MEDIAN SALARY FOR ALL POSITIONS ON THE ANNIVERSARY DATE OF EACH EMPLOYEE'S LAST SALARY INCREASE IN 2017. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE CFO. THE CONFLICT OF INTEREST INFORMATION CAN BE REQUESTED FROM THE PRESIDENT & CEO. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 467,091. MANAGEMENT AND GENERAL EXPENSES 191,872. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 658,963. CONSULTING TRAVEL: PROGRAM SERVICE EXPENSES 46,457. MANAGEMENT AND GENERAL EXPENSES 8,603. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,060. FORM 990, PART XII, LINE 2C: IEDC'S AUDIT COMMITTEE IS COMPRISED OF 3 BOARD MEMBERS WHO HAVE OVERSIGHT OF THE AUDIT PROCESS. THE ORGANIZATION'S AUDITOR SENDS CORRESPONDENCE DIRECTLY TO THESE INDIVIDUALS INCLUDING REVIEW OF THE AUDIT REPORT AND WRITTEN COMMUNICATIONS.