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.

Program Service Accomplishments

Program 1
Expenses: $1,217,996 Revenue: $632,218

BUSINESS ATTRACTION, RETENTION, & EXPANSION BUSINESS RETENTION, EXPANSION, AND ATTRACTION (BREA) ACTIVITIES ARE FOUNDATIONAL FOR SUCCESSFUL ECONOMIC DEVELOPMENT. WDCEP'S BREA PROGRAMMING SUPPORTS THE...

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BUSINESS ATTRACTION, RETENTION, & EXPANSION BUSINESS RETENTION, EXPANSION, AND ATTRACTION (BREA) ACTIVITIES ARE FOUNDATIONAL FOR SUCCESSFUL ECONOMIC DEVELOPMENT. WDCEP'S BREA PROGRAMMING SUPPORTS THE DISTRICT'S ECONOMIC DEVELOPMENT STRATEGY(S) BY DIRECTLY TARGETING SPECIFIC VISION AND GOALS SUCH AS CREATING NEW JOBS IN HIGH- GROWTH SECTORS, ELIMINATING KEY AMENITY GAPS ACROSS ALL NEIGHBORHOODS (E.G. RETAIL ATTRACTION), NURTURING HIGH-GROWTH SECTORS BY ATTRACTING INVESTMENT AND SUPPORTING INNOVATION CLUSTERS, AND SUPPORTING AN URBAN CENTER THAT IS A DESTINATION OF CHOICE FOR INNOVATORS, JOB CREATORS, AND VISITORS.

Program 2
Expenses: $1,061,759

MARKETING & PR WDCEP POSITIONS AND PROMOTES BUSINESS OPPORTUNITIES FOR THE PURPOSES OF ATTRACTING, RETAINING, AND EXPANDING BUSINESSES IN THE DISTRICT. THIS INCLUDES IMPLEMENTING A CONSISTENT...

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MARKETING & PR WDCEP POSITIONS AND PROMOTES BUSINESS OPPORTUNITIES FOR THE PURPOSES OF ATTRACTING, RETAINING, AND EXPANDING BUSINESSES IN THE DISTRICT. THIS INCLUDES IMPLEMENTING A CONSISTENT, INTEGRATED MARKETING AND COMMUNICATIONS STRATEGY TO PROMOTE THE DISTRICT AS A PREMIER LOCATION TO DO BUSINESS AND GENERATE NEW BUSINESS ATTRACTION, RETENTION, AND EXPANSION LEADS. MARKETING EFFORTS SUPPORT THE DISTRICT'S ECONOMIC DEVELOPMENT STRATEGY(S) BY FOCUSING ON KEY "VISION THEMES" SUCH AS A DESTINATION OF CHOICE FOR INNOVATORS, JOB CREATORS, AND VISITORS; A PLACE WHERE PEOPLE CHOOSE TO LIVE, WORK, VISIT, AND THRIVE; AND THE DISTRICT'S VIBRANT NEIGHBORHOODS.

Program 3
Expenses: $117,546

ECONOMIC & MARKET INTELLIGENCE WDCEP PROVIDES FREE FOUNDATIONAL ECONOMIC DATA TOOLS AND INTERACTIVE ONLINE CONTENT TO PROVIDE HIGH-QUALITY DATA AND ECONOMIC ANALYSIS TO THE LOCAL AND NATIONAL...

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ECONOMIC & MARKET INTELLIGENCE WDCEP PROVIDES FREE FOUNDATIONAL ECONOMIC DATA TOOLS AND INTERACTIVE ONLINE CONTENT TO PROVIDE HIGH-QUALITY DATA AND ECONOMIC ANALYSIS TO THE LOCAL AND NATIONAL BUSINESS COMMUNITY. INTERACTIVE CONTENT (E.G. ECONOMIC DEVELOPMENT MAPS) PROVIDES CRITICAL INSIGHT AND ANALYSIS INTO VARIOUS BUSINESS RESOURCES AND ESSENTIAL INDUSTRIES TO ATTRACT, RETAIN, AND EXPAND BUSINESSES IN THE DISTRICT.

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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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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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