2026-09-22T11:18:10-05:00 2025-12-31 420714325 RSM US LLP 1051 E CARY STREET SUITE 607 RICHMOND VA 23219 990 2025-01-01 521081024 INDEPENDENT SECTOR INDE 2024676100 1602 L STREET NW 900 WASHINGTON DC 20036 RICK ROBINSON CHIEF OPERATING OFFICER 2024676100 2026-09-21 1 MEREDITH BELL P01696827 8042822121 2026-09-21 2025 DR AKILAH WATKINS 1602 L STREET NW 900 WASHINGTON DC 20036 11985784 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 45 127 -354337 0 9166938 9769463 9580 903014 201491 361363 -219592 41220 9158417 11075060 5500 25000 0 0 4276743 5745921 204750 0 854499 3269212 5255696 7756205 11026617 1402212 48443 21918940 22152555 7620823 7645781 14298117 14506774 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 2694182 25000 PUBLIC POLICY:INDEPENDENT SECTOR WORKS WITH NONPROFITS, PHILANTHROPIES, CORPORATE-GIVING PROGRAMS, AND LAWMAKERS TO SHAPE AND ADVOCATE FOR POLICY SOLUTIONS AND LEGISLATION THAT ADVANCE THE COMMON GOOD, ENCOURAGE ORGANIZATIONS TO BECOME BETTER ADVOCATES, AND CREATE HEALTHY, EQUITABLE COMMUNITIES WHERE EVERYONE THRIVES.INDEPENDENT SECTOR PRESIDENT AND CEO DR. AKILAH WATKINS SHARED OUR 2025 TAX POLICY AGENDA WITH HOUSE AND SENATE BUDGET LEADERS, URGING LAWMAKERS TO STRENGTHEN THE NONPROFIT SECTOR'S FINANCIAL RESOURCES, WORKFORCE, CIVIC ENGAGEMENT, AND PUBLIC TRUST. THROUGHOUT THE RECONCILIATION PROCESS, INDEPENDENT SECTOR TRACKED PROVISIONS AFFECTING NONPROFITS AND PARTNERED WITH COUNCIL ON FOUNDATIONS, NATIONAL COUNCIL OF NONPROFITS, AND UNITED PHILANTHROPY FORUM TO RAISE CONCERNS ABOUT HARMFUL PROPOSALS IN THE HOUSE BILL. TOGETHER, THE ORGANIZATIONS LED A SIGN-ON LETTER FROM MORE THAN 2,000 NONPROFITS IN ALL 50 STATES URGING CONGRESS TO REMOVE PROVISIONS THAT WOULD HARM NONPROFITS AND PHILANTHROPY.INDEPENDENT SECTOR ALSO COMMISSIONED RESEARCH ON TWO PROPOSED LIMITS TO CHARITABLE GIVING INCENTIVES A 35% CAP ON ITEMIZED DEDUCTIONS FOR HIGH-INCOME TAXPAYERS AND A 1% FLOOR ON CORPORATE CHARITABLE DEDUCTIONS. THE ANALYSIS FOUND BOTH POLICIES WOULD REDUCE CHARITABLE GIVING FAR MORE THAN THEY WOULD GENERATE IN FEDERAL REVENUE. WHILE INDEPENDENT SECTOR OPPOSED THE FINAL LEGISLATION, ADVOCACY EFFORTS HELPED PREVENT SEVERAL DAMAGING PROVISIONS FROM BECOMING LAW, INCLUDING AN INCREASE TO THE PRIVATE FOUNDATION EXCISE TAX, THE RETURN OF THE "PARKING LOT TAX, AND LANGUAGE ALLOWING THE TREASURY DEPARTMENT TO REVOKE NONPROFIT TAX-EXEMPT STATUS WITHOUT ADEQUATE TRANSPARENCY OR DUE PROCESS.NONPROFITS CONTRIBUTE SIGNIFICANTLY TO THE ECONOMY AND PAY AN ESTIMATED $75 BILLION ANNUALLY IN FEDERAL PAYROLL TAXES, YET THEY ARE EXCLUDED FROM MANY EMPLOYER TAX INCENTIVES AVAILABLE TO FOR-PROFIT BUSINESSES. IN JULY 2025, INDEPENDENT SECTOR WORKED WITH BIPARTISAN CONGRESSIONAL LEADERS TO INTRODUCE THE SMALL NONPROFIT RETIREMENT SECURITY ACT, WHICH WOULD EXTEND RETIREMENT-PLAN TAX CREDITS TO SMALL NONPROFIT EMPLOYERS. "NONPROFIT WORKERS SHOULD NOT HAVE TO CHOOSE BETWEEN SERVING A MISSION-ORIENTED ORGANIZATION AND SECURING THEIR OWN RETIREMENT," DR. WATKINS SAID. "YOUR LEGISLATION WOULD STRENGTHEN THE NONPROFIT WORKFORCE NOW AND IN THE YEARS TO COME."INDEPENDENT SECTOR CONTINUED TO EQUIP NONPROFITS WITH TOOLS, RESEARCH, AND DATA TO STRENGTHEN ADVOCACY AND ORGANIZATIONAL EFFECTIVENESS. IN 2025, WE EXPANDED OUR POLICY TRACKERS COVERING FEDERAL LEGISLATION, LITIGATION, AND EXECUTIVE ACTIONS; SUPPORTED COLLABORATION THROUGH THE NONPROFIT COALITION CONNECTION; AND ENHANCED OUR NONPROFIT STATE PROFILES WITH NEW DATA ON GOVERNMENT GRANTS AND WORKFORCE FINANCIAL INSECURITY. THE PROFILES PROVIDE STATE-BY-STATE DATA FROM THE IRS, BUREAU OF LABOR STATISTICS, CENSUS BUREAU, AMERICORPS, AND INDEPENDENT SECTOR RESEARCH TO HELP ORGANIZATIONS DEMONSTRATE THE NONPROFIT SECTOR'S IMPACT ON COMMUNITIES AND THE U.S. ECONOMY. 2178101 352014 CAPACITY BUILDING:IN 2025, INDEPENDENT SECTOR ESTABLISHED THE NATION'S FIRST CENTER OF EXCELLENCE ON THE NONPROFIT WORKFORCE TO STRENGTHEN THE EFFECTIVENESS, SUSTAINABILITY, AND EQUITY OF THE CHARITABLE SECTOR. THE CENTER WAS CREATED TO SUPPORT THE NATION'S 1.9 MILLION CHARITABLE ORGANIZATIONS AND APPROXIMATELY 13 MILLION NONPROFIT EMPLOYEES, RECOGNIZING THAT A STRONG WORKFORCE INCLUDING SALARIED STAFF, STIPEND-SUPPORTED LEADERS, AND VOLUNTEERS IS ESSENTIAL TO MISSION DELIVERY AND PUBLIC TRUST.THE CENTER WILL ADVANCE INDEPENDENT SECTOR'S MISSION BY BUILDING NATIONAL INFRASTRUCTURE FOR WORKFORCE LEADERSHIP DEVELOPMENT, LEARNING, AND COLLABORATION ACROSS THE CHARITABLE SECTOR. ITS WORK WILL FOCUS ON IMPROVING WORKFORCE CAPACITY, LEADERSHIP READINESS, AND LONG-TERM SECTOR RESILIENCE.IN ITS INAUGURAL YEAR, THE CENTER LAUNCHED PILOT INITIATIVES ACROSS THREE WORKFORCE SEGMENTS SALARIED STAFF, STIPENDED LEADERS, AND VOLUNTEERS SERVING CURRENT AND EMERGING LEADERS AT MULTIPLE CAREER STAGES. KEY ACCOMPLISHMENTS INCLUDED:- LEADERSHIP DEVELOPMENT COMMUNITIES OF PRACTICE THAT STRENGTHENED PEER LEARNING, LEADERSHIP SKILLS, AND CROSS-ORGANIZATIONAL COLLABORATION AMONG NONPROFIT PROFESSIONALS. - THE STUDENT LEADERSHIP ACADEMY, WHICH SUPPORTS STUDENTS PURSUING NONPROFIT MANAGEMENT AND LEADERSHIP CREDENTIALS WHILE STRENGTHENING THE SECTOR'S FUTURE TALENT PIPELINE. - THE FIRST NATIONAL STRATEGIC VOLUNTEER ENGAGEMENT ADVISORY BOARD, ELEVATING VOLUNTEER LEADERSHIP AS A CORE WORKFORCE STRATEGY AND ADVANCING BEST PRACTICES FOR ENGAGING VOLUNTEERS NATIONWIDE. THROUGH THESE EFFORTS, INDEPENDENT SECTOR:- BUILT A COORDINATED NATIONAL PLATFORM FOR NONPROFIT WORKFORCE DEVELOPMENT ACROSS PAID, STIPEND-SUPPORTED, AND VOLUNTEER ROLES. - STRENGTHENED LEADERSHIP PIPELINES AND PROFESSIONAL READINESS FOR CURRENT AND FUTURE NONPROFIT LEADERS. - ADVANCED SECTOR-WIDE LEARNING AND ALIGNMENT AROUND WORKFORCE PRACTICES THAT SUPPORT EQUITY, EFFECTIVENESS, AND SUSTAINABILITY. BY INVESTING IN WORKFORCE LEADERSHIP, VOLUNTEER ENGAGEMENT, AND TALENT DEVELOPMENT AT A NATIONAL SCALE, THE CENTER OF EXCELLENCE ON THE NONPROFIT WORKFORCE ADVANCES INDEPENDENT SECTOR'S MISSION TO STRENGTHEN THE CHARITABLE SECTOR AS A RESILIENT ECOSYSTEM CAPABLE OF MEETING COMMUNITY NEEDS NOW AND IN THE FUTURE. 1528761 RESEARCH:INDEPENDENT SECTOR IDENTIFIES AND INFORMS SECTOR ISSUES THROUGH RESEARCH, ANALYSIS, CROSS-SECTOR DIALOGUE, AND COMMUNICATION. OUR RESEARCH IS THE FOUNDATION TO DRIVE STRUCTURAL CHANGE THROUGH THE FEDERAL POLICYMAKING PROCESS, AND TO DEVELOP STANDARDS OF PRACTICE, TOOLS AND TRAINING TO EMPOWER ORGANIZATIONS AND THEIR LEADERS. INDEPENDENT SECTOR ANALYZES AND SHARES INSIGHTS ON FOUR CORE DIMENSIONS OF THE CHARITABLE SECTOR'S HEALTH: FINANCES, WORKFORCE, PUBLIC TRUST AND GOVERNANCE, AND POLICY ADVOCACY. THESE FINDINGS ARE COMPILED IN THE ANNUAL HEALTH OF THE U.S. NONPROFIT SECTOR REPORT, RELEASED IN DECEMBER 2025, AND USED TO INFORM POLICY AND PRACTICE INTERVENTIONS THAT STRENGTHEN THE SECTOR. IN 2025, INDEPENDENT SECTOR CONDUCTED ITS SIXTH ANNUAL SURVEY ON PUBLIC TRUST IN NONPROFITS AND PHILANTHROPY, IN PARTNERSHIP WITH EDELMAN DATA & INTELLIGENCE. THE SURVEY FOUND THAT NONPROFITS REMAIN THE MOST TRUSTED SECTOR IN AMERICAN SOCIETY, EVEN AS TRUST IN OTHER SECTORS HAS DECLINED.IN APRIL DURING NATIONAL VOLUNTEER WEEK, INDEPENDENT SECTOR AND THE DO GOOD INSTITUTE AT THE UNIVERSITY OF MARYLAND ANNOUNCED THE ESTIMATED VALUE OF VOLUNTEER HOUR. THE 2025 VALUE OF VOLUNTEER TIME, BASED ON 2024 DATA, WAS $34.79 PER HOUR.WHILE THE ESTIMATED VALUE IN NO WAY REFLECTS THE MANY INTANGIBLE BENEFITS PROVIDED BY VOLUNTEERS, IT ILLUSTRATES THE VALUABLE AND SIGNIFICANT CONTRIBUTIONS VOLUNTEERS MAKE 365 DAYS A YEAR TO SUPPORT OUR COMMUNITIES. 1591382 COMMUNICATIONS:COMMUNICATIONS AT INDEPENDENT SECTOR FOCUSES ON INCREASING AWARENESS AND UNDERSTANDING OF OUR MISSION TO STRENGTHEN AND PRESERVE A CHARITABLE SECTOR THAT IS HEALTHY, TRUSTED, AND EQUITABLE, AND CAPABLE OF HELPING ALL PEOPLE IN THE UNITED STATES THRIVE. GUIDED BY DATA-DRIVEN INSIGHTS, OUR COMMUNICATIONS STRATEGIES ARE DESIGNED TO REACH BROAD AND DIVERSE AUDIENCES WHILE EXPANDING INDEPENDENT SECTOR'S VISIBILITY, INFLUENCE, MEDIA REACH, AND STAKEHOLDER ENGAGEMENT. THROUGH STRATEGIC PROMOTION OF OUR PUBLIC POLICY, RESEARCH, PROGRAMS, AND MEMBERSHIP INITIATIVES, WE HELP MEMBERS, PARTNERS, AND POLICYMAKERS BETTER UNDERSTAND THE VALUE AND IMPACT OF THE NONPROFIT SECTOR. ANALYTICS AND AUDIENCE INSIGHTS INFORM OUR OUTREACH EFFORTS, ENABLING US TO COMMUNICATE MORE EFFECTIVELY HOW INDEPENDENT SECTOR'S WORK SUPPORTS ORGANIZATIONS IN ADVANCING THEIR MISSIONS AND INCREASING THEIR IMPACT. 477520 MEMBERSHIP:MEMBERSHIP AT INDEPENDENT SECTOR PROVIDES FULL ACCESS TO OPPORTUNITIES TO MEET, COLLABORATE WITH, AND LEARN FROM FELLOW CHANGEMAKERS AND THOUGHT LEADERS THROUGH 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. THE IS MASTERCLASS SERIES, MEMBER PORTAL, MEMBER HUDDLES, MONTHLY POLICY UPDATE, AND CURATED VIRTUAL LEARNING OPPORTUNITIES WERE DESIGNED TO AMPLIFY THE IMPACT OF INDIVIDUAL NONPROFITS AND FOUNDATIONS THROUGH SHARED CONCEPTS AND BEST PRACTICES. THIS "VITAL MEETING GROUND" PROPELLED THE COLLABORATIVE VALUE CREATION (CVC) FRAMEWORK HELPING ORGANIZATIONS MOVE BEYOND SIMPLE COOPERATION AND CONCEPT TO ACHIEVE SYSTEMIC, LARGE-SCALE IMPACT AS ACTIVE ADVOCATES WHO ARE TRUSTED AND WELL GOVERNED, FINANCIALLY ROBUST WITH A THRIVING WORKFORCE. UNDER THE REVISED ENGAGEMENT CONTINUUM 29% MORE IS MEMBERS HAVE MOVED FROM PROMOTING (VALIDATORS OF ASSOCIATION CONTENT AND MISSION) TO ACTIVELY CREATING (E.G. SESSION PROPOSALS AND SURVEYS) AND EVEN SERVING (AD-HOC, MICRO, COMMITTEE OR TASK FORCE ASSIGNMENTS) IN THE MEMBER JOURNEY AND THEIR IMPACT TO CIVIL SOCIETY. 2068902 8469946 1 1 0 1 0 0 0 0 0 1 1 0 0 1 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 53 0 1 45 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 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 40.00 X X 694133 0 75161 REV ADAM RUSSELL TAYLOR CHAIRMAN 1.00 X X 0 0 0 DR JOHN BROTHERS VICE CHAIRMAN 1.00 X X 0 0 0 SONYA CAMPION SECRETARY 1.00 X X 0 0 0 LYSA RATLIFF TREASURER 1.00 X X 0 0 0 DR MANUEL PASTOR BOD, AT LARGE 1.00 X 0 0 0 PHOEBE BOYER BOARD OF DIRECTOR 1.00 X 0 0 0 ANN MEI CHANG BOARD OF DIRECTOR 1.00 X 0 0 0 JANEEN COMENOTE BOARD OF DIRECTOR 1.00 X 0 0 0 JULIE GEHRKI BOARD OF DIRECTOR 1.00 X 0 0 0 JACQUELINE MARTINEZ GARCEL 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 HILLARY PENNINGTON BOARD OF DIRECTOR 1.00 X 0 0 0 TONY TIJERINO BOARD OF DIRECTOR 1.00 X 0 0 0 RICK ROBINSON CHIEF OPERATING OFFICER 40.00 X 366391 0 50397 JEFF MOORE CHIEF STRATEGY OFFICER 40.00 X 307142 0 46661 ANDREA RISOTTO VP COMMUNICATIONS 40.00 X 209352 0 26152 JENNIFER MELLEN VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 188574 0 14422 RASHID MOSLEY VP, PROGRAMMING INNOVATION & IMPACT 40.00 X 182257 0 22856 RHEA ILAGAN DIRECTOR, FINANCE 40.00 X 165540 0 30556 BENJAMIN KERSHAW DIR, PUBLIC POLICY & GOV'T REALTIONS 40.00 X 160027 0 16780 KEVIN MILLER DIRECTOR, RESEARCH & POLICY ANALYSIS 40.00 X 150971 0 20400 AIDA GUEYE DIRECTOR, PEOPLE AND CULTURE 40.00 X 145328 0 24390 ELYSE HARRINGTON DIRECTOR OPERATIONS (THRU 8/15/2025) 40.00 X 153743 0 13318 2723458 0 341093 16 0 1 0 ERNST & YOUNG 1101 NEW YORK AVE NW 4TH FL WASHINGTON DC 20005 LEGAL CONSULTING 562500 MORGAN LEWIS & BOCKIUS LLP 2222 MARKET STREET PHILADELPHIA PA 19103 LEGAL CONSULTING 258967 TEAL MEDIA 36200 TELEGRAPH ROAD SUITE 100 BINGHAM FARMS MI 48025 TECHNOLOGY CONSULTING 152688 EDELMAN INTELLIGENCE 111 NORTH CANAL STREET SUITE 11000 CHICAGO IL 60606 RESEARCH CONSULTANT 140444 UNITED WAY OF NORTHER NEW JERSEY 222 RIDGEDALE AVENUE HANOVER NJ 07927 RESEARCH CONSULTANT 135000 8 1009950 8759513 9769463 CONFERENCE FEES 900004 903014 352014 551000 903014 315099 315099 455 455 214962 814745 -599783 -599783 -372586 -227197 142243 95979 46264 46264 46264 LIQUIDATED DAMAGE FEES 900099 600000 600000 SUBLEASE INCOME 900099 22299 22299 PARKING SERVICES 812930 18249 18249 640548 11075060 352014 -354337 1307920 X 25000 25000 1539885 835668 586551 117666 3366986 1827203 1282505 257278 217571 118072 82874 16625 275039 149259 104764 21016 346440 188007 131961 26472 77560 77560 64155 64155 15973 15973 2576628 2321234 251269 4125 142394 136251 6143 212212 204532 7368 312 246298 21691 223810 797 505887 446640 2170 57077 297199 250574 43767 2858 761978 642437 112214 7327 83797 83797 22734 22734 72413 10981 61028 404 BAD DEBT 169508 169508 DUES & SUBSCRIPTIONS 6960 1662 5279 19 ALLOCATED EXPENSES 0 1290735 -1633258 342523 11026617 8469946 1702172 854499 534 534 4442577 3746439 1527260 2032765 131992 127614 188110 238665 2893064 2842618 34561 50446 4094357 4612486 11499549 11343606 21918940 22152555 313056 776960 1850 7177961 6742957 129806 124014 7620823 7645781 X 10370328 11375899 3927789 3130875 14298117 14506774 21918940 22152555 48443 160214 0 X X 0 1 X 1 0 X 7836995 4963916 5107014 9166938 9769463 36844326 7836995 4963916 5107014 9166938 9769463 36844326 11377580 25466746 662040 1104265 659098 480029 396982 3302414 83790 19300 24703 20195 622229 770217 40916957 1327212 0.62240 0.69470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SUBLEASE INCOME - 2021 AMOUNT: $ 83,790. 2022 AMOUNT: $ 19,300. 2023 AMOUNT: $ 24,703. 2024 AMOUNT: $ 20,195. 2025 AMOUNT: $ 22,229. LIQUIDATED DAMAGE FEES - 2025 AMOUNT: $ 600,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1969 141826 143795 11982881 12126676 756334 189084 0 0 704636 655452 580463 756334 2696885 4045328 31947 28279 26973 143795 230994 176159 163863 145116 189084 674222 1011333 1969 1969 2244941 290687 116328 2419300 5182622 229616 3167297 2244941 6655192 789430 2262000 5182622 8450733 -1479494 316047 6655192 7846107 913655 309029 8450733 1.00000 0 0 52548 51828 720 2840516 2790790 49726 50446 ASSET HELD FOR SALE 11206000 DEFERRED COMPENSATION 74499 DEFERRED RENT RECEIVABLE 15398 DEPOSITS 36800 LEASING COMMISSION COSTS, NET 10909 11343606 DEFERRED COMPENSATION PLAN LIABILITY 72944 DEPOSITS HELD IN ESCROW 36200 DEFERRED RENT 14870 124014 12055197 160214 39400 199614 11855583 15973 -796496 -780523 11075060 11846540 39400 796496 835896 11010644 15973 15973 11026617 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 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, 2025, BOARD DESIGNATED NET ASSETS INCLUDED $2,419,300 IN THE LONG-TERM RESERVE FUND. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B -814,745. PARKING SERVICE REVENUE REPORTED ON LINE 11 18,249. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B 814,745. PARKING SERVICE REVENUE REPORTED ON LINE 11 -18,249. 0 UNITED PHILANTHROPY FORUM 1020 19TH STREET NW SUITE 360 WASHINGTON DC 20036 522122029 501(C)(3) 20000 0 FOUNDATIONS ON THE HILL CO LEAD AND SPONSOR 1 0 X X X X X 0 0 0 0 0 0 0 0 0 AKILAH WATKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 693666 0 0 0 467 0 47000 0 28161 0 769294 0 0 0 RICK ROBINSON CHIEF OPERATING OFFICER 365051 0 0 0 1340 0 24574 0 25822 0 416787 0 0 0 JEFF MOORE CHIEF STRATEGY OFFICER 305086 0 0 0 2056 0 21387 0 25275 0 353804 0 0 0 ANDREA RISOTTO VP COMMUNICATIONS 208885 0 0 0 467 0 16734 0 9417 0 235503 0 0 0 RASHID MOSLEY VP, PROGRAMMING INNOVATION & IMPACT 180917 0 0 0 1340 0 12745 0 10111 0 205113 0 0 0 JENNIFER MELLEN VP FOR INSTITUTIONAL ADVANCEMENT 188262 0 0 0 312 0 13597 0 825 0 202996 0 0 0 RHEA ILAGAN DIRECTOR, FINANCE 165073 0 0 0 467 0 10964 0 19593 0 196097 0 0 0 BENJAMIN KERSHAW DIR, PUBLIC POLICY & GOV'T REALTIONS 159715 0 0 0 312 0 11858 0 4922 0 176807 0 0 0 KEVIN MILLER DIRECTOR, RESEARCH & POLICY ANALYSIS 150671 0 0 0 300 0 12054 0 8346 0 171371 0 0 0 AIDA GUEYE DIRECTOR, PEOPLE AND CULTURE 145063 0 0 0 265 0 11139 0 13251 0 169718 0 0 0 ELYSE HARRINGTON DIRECTOR OPERATIONS (THRU 8/15/2025) 153556 0 0 0 187 0 8035 0 5282 0 167060 0 0 0 A DISTRICT OF COLUMBIA 566001131 2013-06-04 11600000 TO REFINANCE PURCHASE OF HEADQUARTERS BUILDING 0 0 0 A 4847298 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 6 INDEPENDENT SECTOR HAS A SINGLE CLASS OF VOTING MEMBERS. ELIGIBILITY FOR VOTING MEMBERSHIP SHALL BE OPEN TO ORGANIZATIONS OTHER THAN GOVERNMENTAL ENTITIES, WITH THE EXCEPTION OF TRIBAL COMMUNITY FUNDS, OR OTHER COMPARABLE ENTITIES, THAT OPERATE IN A MANNER CONSISTENT WITH THE IS VISION, PURPOSE, BELIEFS AND VALUES, IN PHILANTHROPY, VOLUNTARY ACTION OR OTHER ACTIVITY RELATING TO THE INDEPENDENT PURSUIT OF EDUCATIONAL, SCIENTIFIC, HEALTH, WELFARE, CULTURAL, ENVIRONMENTAL, OR RELIGIOUS PURPOSES AND WHOSE ACTIVITIES ARE CONSISTENT WITH THE VISION, PURPOSE, BELIEFS AND VALUES OF INDEPENDENT SECTOR, FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE CLASS OF VOTING MEMBERS. THE MEMBERSHIP HAS THE AUTHORITY TO ELECT DIRECTORS OF THE ORGANIZATION OTHER THAN THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP HAS 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. A DIRECTOR OR OFFICER WHO HAS DECLARED OR HAS BEEN FOUND TO HAVE A CONFLICT-OF-INTEREST IN ANY PROPOSED TRANSACTION OR OTHER MATTER SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF THE PROPOSED TRANSACTION OR OTHER MATTER, UNLESS FOR SPECIAL REASONS THE BOARD OF DIRECTORS REQUESTS INFORMATION OR INTERPRETATION FROM THE PERSON OR PERSONS INVOLVED. IN THE CASE OF A DIRECTOR, HE OR SHE SHALL NOT VOTE ON THE MATTER IN QUESTION AND SHALL NOT BE PRESENT AT THE TIME OF THE VOTE. WITH RESPECT TO RESTRAINT ON PARTICIPATION BY STAFF, THE PRESIDENT, OR, WHERE APPLICABLE, THE CHAIR SHALL TAKE SUCH ACTION AS IS NECESSARY TO ASSURE THAT THE TRANSACTION IS COMPLETED IN THE BEST INTERESTS OF INDEPENDENT SECTOR WITHOUT THE SUBSTANTIVE INVOLVEMENT OF THE PERSON WHO HAS THE POSSIBLE CONFLICT-OF INTEREST. 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 1,969,878. MANAGEMENT AND GENERAL EXPENSES 203,403. FUNDRAISING EXPENSES 3,501. TOTAL EXPENSES 2,176,782. LEGISLATIVE ASSISTANCE: PROGRAM SERVICE EXPENSES 338,309. MANAGEMENT AND GENERAL EXPENSES 46,089. FUNDRAISING EXPENSES 601. TOTAL EXPENSES 384,999. HONORARIA: PROGRAM SERVICE EXPENSES 13,047. MANAGEMENT AND GENERAL EXPENSES 1,777. FUNDRAISING EXPENSES 23. TOTAL EXPENSES 14,847. 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 814962 11315639 INDEPENDENT SECTOR