WASHINGTON DC ECONOMIC PARTNERSHIP Charity Report

Public IRS 990 nonprofit record

WASHINGTON DC ECONOMIC PARTNERSHIP

EIN 31-1795776 · Economic Development (S30)

What they do

THE WASHINGTON, DC ECONOMIC PARTNERSHIP is A PUBLIC-PRIVATE ORGANIZATION DEDICATED to EXPANDING COMMERCE IN THE DISTRICT of COLUMBIA. THE PARTNERSHIP is AT THE FOREFRONT of ATTRACTING NEW BUSINESS and PROVIDING SERVICES to GROWTH COMPANIES WITHIN THE DISTRICT. IT is THE RECOGNIZED LEADER IN FORGING BUSINESS RELATIONSHIPS AMONG CORPORATE, CIVIC and GOVERNMENT SECTORS THAT STRENGTHEN THE ECONOMIC VITALITY of WASHINGTON, DC. ITS 501(C)(3) STRUCTURE EMPOWERS THE PARTNERSHIP to COLLABORATE WITH ALL CONSTITUENT FACTORS IMPACTING SITE SELECTION, JOB CREATION and COMMUNITY DEVELOPMENT and is PARTICULARLY COMMITTED to IMPROVING UNDERSERVED and EMERGING NEIGHBORHOODS. THROUGH ITS BEST-IN-CLASS RESEARCH and MARKETING CAPABILITIES, THE WASHINGTON, DC ECONOMIC PARTNERSHIP FACILITATES GROWTH OPPORTUNITIES BY SHOWCASING INNOVATIVE COMMUNITIES, MENTORING TECHNOLOGY STARTUPS and BRINGING TOGETHER THE INTERESTS of RETAIL, MIXED-USE, PROFESSIONAL SERVICES and COMMERCIAL DEVELOPMENT to WASHINGTON, DC.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders49 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.61%of revenue went to mission work81.0% of expenses · Program services

$94.57spent for every $100 of revenueRevenue covered expenses this year.

17.96%of revenue went to management and office costs19.0% of expenses

$0.84in assets for every $1 spent this yearSome assets cannot be spent right away.

84.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $230,978 for KEITH SELLARS (FORMER PRESI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,092,884

Mission workProgram services$3,135,48076.61% of revenue81.0% of expenses

ManagementOffice and general costs$735,03117.96% of revenue19.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$222,3735.43% of revenueShown in gray on the chart

Total expenses$3,870,51194.57% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 81.0% mission · 19.0% management · 0.0% fundraisingTotal expenses: 94.57% of revenue

2022Expense mix: 81.1% mission · 18.9% management · 0.0% fundraisingTotal expenses: 92.08% of revenue

2021Expense mix: 75.2% mission · 24.8% management · 0.0% fundraisingTotal expenses: 101.03% of revenue

2020Expense mix: 83.9% mission · 16.1% management · 0.0% fundraisingTotal expenses: 99.47% of revenue

2019Expense mix: 74.7% mission · 25.3% management · 0.0% fundraisingTotal expenses: 108.57% of revenue

2018Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 99.90% of revenue

2017Expense mix: 78.7% mission · 21.3% management · 0.0% fundraisingTotal expenses: 97.92% of revenue

2016Expense mix: 68.9% mission · 31.1% management · 0.0% fundraisingTotal expenses: 98.54% of revenue

Money in and money out

Revenue$4,092,884

Expenses$3,870,511

Annual surplus $222,373 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,135,480 · 81.0% of expenses

Management and office costs$735,031 · 19.0% of expenses

See all reported dollar amounts

Revenue$4,092,884

Expenses$3,870,511

Assets$3,267,810

Income$4,092,884

Contributions$3,460,632

Mission work (program services)$3,135,480

Management and general$735,031

Accounting fees$105,519

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEITH SELLARSFORMER PRESI · 40 hrs/week $230,978Base $206,732 · Other $24,246

CHAD SHUSKEYCHIEF OP. OF · 40 hrs/week $200,943Base $170,546 · Other $30,397

SUZANNE WHITEVP REAL ESTA · 40 hrs/week $175,669Base $154,475 · Other $21,194

AUDREY POLKVP CORP. ATT · 40 hrs/week $167,198Base $155,802 · Other $11,396

DEREK FORDPRESIDENT & · 40 hrs/week $159,488Base $137,353 · Other $22,135

JEZANIAH KLINEMARKETING DI · 40 hrs/week $135,433Base $111,942 · Other $23,491

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (49)

KEITH SELLARSFORMER PRESI

CHAD SHUSKEYCHIEF OP. OF

SUZANNE WHITEVP REAL ESTA

AUDREY POLKVP CORP. ATT

DEREK FORDPRESIDENT &

JEZANIAH KLINEMARKETING DI

RICHARD LAKEAT-LARGE

KRISTINA BOUWEIRIDIRECTOR

KRISTINA NOELLDIRECTOR

LATOYA FOSTERDIRECTOR

MARIA THOMPSONDIRECTOR

MICHAEL MCPHILLIPSDIRECTOR

MICHAEL OHARACO-CHAIR

MITCH WEINTRAUDAT-LARGE

NINA ALBERTCO-CHAIR

OLIVIA BYRNEOUTSIDE COUN

OMAR MCINTOSHAT-LARGE

WILLIAM RICHDIRECTOR

ROSEMARY SUGGS-EVANSDIRECTOR

ROSLYN HOPKINS-FERNANDESDIRECTOR

STANLEY JACKSONDIRECTOR

STEPHEN MILLERDIRECTOR

TARA SCANLONDIRECTOR

TIFFANY CROWEDIRECTOR

VALENCIA MCCLUREDIRECTOR

WENDY FREEMAN CARRDIRECTOR

AILEEN FUCHSDIRECTOR

DAVID HARGADONTREASURER

ALTMANN PANNELLDIRECTOR

ANGIE GATESDIRECTOR

ANITA BUTANIVICE CHAIR

ANITA COZARTDIRECTOR

BRIAN HANLONDIRECTOR

CAROLINE KENNEYSECRETARY

COLETTE DAFOEDIRECTOR

COLLEEN HAWKINSONDIRECTOR

DANIEL CARRDIRECTOR

DAVID GERMAKIANDIRECTOR

KARIMA WOODSDIRECTOR

ELIZABETH COOPERDIRECTOR

ELIZABETH DEBARROSDIRECTOR

EVERETT LOTTDIRECTOR

HAILEY FLEMING-PATELDIRECTOR

JACK BOARMANDIRECTOR

JAMES LERNERDIRECTOR

JAMIE SCOTTDMPED REPRES

JAY KELLYDIRECTOR

JENNIFER EUGENEDIRECTOR

JOSEPH ASKEWDIRECTOR

About this charity

Recognized since: January 2001
Location: 1495 F ST NW, WASHINGTON, DC 20004
County: District of Columbia
In care of: DEREK FORD
Primary officer: DEREK FORD, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(202) 661-8670

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: DELEON & STANG CPAS AND ADVISORS
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development