WASHINGTON DC ECONOMIC PARTNERSHIP

EIN: 311795776 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$4,092,884
Total Expenses
$3,870,511
Total Assets
$3,267,810
Net Assets
$788,095
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
DC
Principal Officer
DEREK FORD
Phone
2026618670
Tax Period
2023-10-01 to 2024-09-30

WASHINGTON DC ECONOMIC PARTNERSHIP, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $3.9M left a modest 5% surplus.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,460,632
Program Service Revenue $632,218
Investment Income $32
Other Revenue $2
TOTAL REVENUE $4,092,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,660,320
Fundraising Expenses $0
Program Expenses $3,135,480
Other Expenses $2,210,191
TOTAL EXPENSES $3,870,511

Year-over-Year Comparison

2023 2022 Change
Revenue $4,092,884 $4,500,363 -0.1%
Expenses $3,870,511 $4,144,114 -0.1%
Net Income $222,373 $356,249 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
43
Independent Members
43
Employees
16
Volunteers
44

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$390,466
Total Directors
45
$390,466
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH SELLARS FORMER PRESI 40.00
Officer Director
$206,732 $24,246 $230,978
CHAD SHUSKEY CHIEF OP. OF 40.00
Highest
$170,546 $30,397 $200,943
SUZANNE WHITE VP REAL ESTA 40.00
Highest
$154,475 $21,194 $175,669
AUDREY POLK VP CORP. ATT 40.00
Highest
$155,802 $11,396 $167,198
DEREK FORD PRESIDENT & 40.00
Officer Director
$137,353 $22,135 $159,488
JEZANIAH KLINE MARKETING DI 40.00
Highest
$111,942 $23,491 $135,433
NINA ALBERT CO-CHAIR 1.00
Officer Director
$0 $0 $0
JOSEPH ASKEW DIRECTOR 0.50
Director
$0 $0 $0
JACK BOARMAN DIRECTOR 0.50
Director
$0 $0 $0
KRISTINA BOUWEIRI DIRECTOR 0.50
Director
$0 $0 $0
ANITA BUTANI VICE CHAIR 1.00
Officer Director
$0 $0 $0
OLIVIA BYRNE OUTSIDE COUN 1.00
Officer Director
$0 $0 $0
DANIEL CARR DIRECTOR 0.50
Director
$0 $0 $0
WENDY FREEMAN CARR DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH COOPER DIRECTOR 0.50
Director
$0 $0 $0
ANITA COZART DIRECTOR 0.50
Director
$0 $0 $0
TIFFANY CROWE DIRECTOR 0.50
Director
$0 $0 $0
COLETTE DAFOE DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH DEBARROS DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER EUGENE DIRECTOR 0.50
Director
$0 $0 $0
HAILEY FLEMING-PATEL DIRECTOR 0.50
Director
$0 $0 $0
LATOYA FOSTER DIRECTOR 0.50
Director
$0 $0 $0
AILEEN FUCHS DIRECTOR 0.50
Director
$0 $0 $0
ANGIE GATES DIRECTOR 0.50
Director
$0 $0 $0
DAVID GERMAKIAN DIRECTOR 0.50
Director
$0 $0 $0
BRIAN HANLON DIRECTOR 0.50
Director
$0 $0 $0
DAVID HARGADON TREASURER 1.00
Officer Director
$0 $0 $0
COLLEEN HAWKINSON DIRECTOR 0.50
Director
$0 $0 $0
ROSLYN HOPKINS-FERNANDES DIRECTOR 0.50
Director
$0 $0 $0
STANLEY JACKSON DIRECTOR 0.50
Director
$0 $0 $0
JAY KELLY DIRECTOR 0.50
Director
$0 $0 $0
CAROLINE KENNEY SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD LAKE AT-LARGE 1.00
Officer Director
$0 $0 $0
JAMES LERNER DIRECTOR 0.50
Director
$0 $0 $0
EVERETT LOTT DIRECTOR 0.50
Director
$0 $0 $0
VALENCIA MCCLURE DIRECTOR 0.50
Director
$0 $0 $0
OMAR MCINTOSH AT-LARGE 1.00
Officer Director
$0 $0 $0
MICHAEL MCPHILLIPS DIRECTOR 0.50
Director
$0 $0 $0
STEPHEN MILLER DIRECTOR 0.50
Director
$0 $0 $0
KRISTINA NOELL DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL O'HARA CO-CHAIR 1.00
Officer Director
$0 $0 $0
ALTMANN PANNELL DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM RICH DIRECTOR 0.50
Director
$0 $0 $0
TARA SCANLON DIRECTOR 0.50
Director
$0 $0 $0
JAMIE SCOTT DMPED REPRES 1.00
Officer Director
$0 $0 $0
ROSEMARY SUGGS-EVANS DIRECTOR 0.50
Director
$0 $0 $0
MARIA THOMPSON DIRECTOR 0.50
Director
$0 $0 $0
MITCH WEINTRAUD AT-LARGE 1.00
Officer Director
$0 $0 $0
KARIMA WOODS DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,092,884 $3,870,511 $3,267,810 $222,373
2023 $4,500,363 $4,144,114 $3,445,803 $356,249
2022 $3,971,940 $4,012,682 $1,470,520 $-40,742
2021 $4,941,399 $4,915,269 $1,937,115 $26,130
2020 $3,068,636 $3,331,465 $2,408,319 $-262,829
2019 $4,026,181 $4,022,092 $1,093,249 $4,089
2018 $4,112,130 $4,026,395 $1,200,341 $85,735
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