The Economic Club of Washington DC

EIN: 521469926 501(c)(3)

Washington, DC

Total Revenue
$8,625,798
Total Expenses
$6,970,106
Total Assets
$19,214,122
Net Assets
$13,579,093
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DC
Phone
2024813260
Tax Period
2024-07-01 to 2025-06-30

The Economic Club of Washington DC, founded in 1986, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 19% operating margin.

Mission

To provide a forum for the study and discussion of timely economic, business, and political issues. To increase regional understanding of national and international economic issues amongst the region's business, professional, governmental, and international leadership. To provide a prominent forum where eminent global leaders can share their insights about major issues of the day; and to promote a robust peer community for the area's top executives.

Program Service Accomplishments

Program 1
Expenses: $2,739,465 Revenue: $189,625

Program Events: Providing regional business leaders and their guests the opportunity to hear featured speakers and gain a better understanding of global economic issues. These signature events...

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Program Events: Providing regional business leaders and their guests the opportunity to hear featured speakers and gain a better understanding of global economic issues. These signature events promote a greater sense of community among the area's top executives, regional and national government officials, and the diplomatic community. Throughout the year, our members gather to listen to , and learn from, thought-leaders in the global business, policy and diplomatic sectors. Executive Conversations generally are smaller group gatherings of approximately 30-100 members. The intimate setting allows club members to interact with speakers through an in-depth exploration of compelling global topics of interest to the business world. Additional virtual and in-person events provide members regular opportunity for small-group peer interaction. These sessions include more frequent member led forums that foster community education through topic driven discussions.

Program 2
Expenses: $1,745,493 Revenue: $616,910

Scholarship programs: College scholarships, in the amount of $20,000 each, are awarded to up to 50 Washington, DC, public and charter high school seniors based on academic achievement and other...

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Scholarship programs: College scholarships, in the amount of $20,000 each, are awarded to up to 50 Washington, DC, public and charter high school seniors based on academic achievement and other factors. With oversight provided by the Education Committee, extensive additional support is provided to students selected for the scholarship award including mentoring, internships, and other seminars devised to enhance successful graduation from college and provide job opportunities. Through a vigorous application process, up to 3 fellowships in the amount of $10,000 each are also awarded to prior scholarship winners to support graduate - level study across all disciplines.

Program 3
Expenses: $1,186,197 Revenue: $3,344,733

Membership: The Economic Club of Washington DC is a non-profit peer group organization. Our exclusive membership is restricted to executive-level leaders of top tier businesses based in the...

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Membership: The Economic Club of Washington DC is a non-profit peer group organization. Our exclusive membership is restricted to executive-level leaders of top tier businesses based in the Washington region. Through our programs, members gain valuable insight into critical global, economic, business, and political issues that impact their company's success. They also interact with peers in ways that strengthen the area business community and support their ability to effectively guide their firms' commerce. Economic Club members include heads of regional and national corporations, entrepreneurs, investment professionals, government affairs experts, lawyers, accountants, and business leaders from the Washington, DC region. The Executive Fellows program welcomes individuals from annual sponsor organizations, who are on a leadership track, and provides opportunities to develop and cultivate leadership skills.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,903,815
Program Service Revenue $4,151,268
Investment Income $568,206
Other Revenue $2,509
TOTAL REVENUE $8,625,798

Expense Breakdown

Grants Paid $1,148,639
Salaries & Benefits $2,808,474
Fundraising Expenses $0
Program Expenses $5,984,975
Other Expenses $3,012,993
TOTAL EXPENSES $6,970,106

Year-over-Year Comparison

2024 2023 Change
Revenue $8,625,798 $7,864,489 +0.1%
Expenses $6,970,106 $7,350,773 -0.1%
Net Income $1,655,692 $513,716 +2.2%
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
50
Independent Members
49
Employees
53
Volunteers
48

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
17
$872,249
Total Directors
50
$678,441
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Pierce General Counsel 1.0
Officer Director
$0 $0 $0
Barbara Humpton Chair - Global Initiative 1.0
Officer Director
$0 $0 $0
Candida Wolff Co-Chair - Nominating 1.0
Officer Director
$0 $0 $0
Carol Melton Vice Chair 1.0
Officer Director
$0 $0 $0
David Rubenstein Chairman 2.0
Officer Director
$0 $0 $0
Gina Adams Vice Chair 1.0
Officer Director
$0 $0 $0
Jane Adams Chair - Corporate Engagement 1.0
Officer Director
$0 $0 $0
Jeremy Blank Chair - Audit & Compliance 1.0
Officer Director
$0 $0 $0
Lawrence Di Rita Chair - Education 1.0
Officer Director
$0 $0 $0
Mary Brady President & CEO 40.0
Officer Director
$599,725 $78,716 $678,441
Meredith Baker Co-Chair - Membership 1.0
Officer Director
$0 $0 $0
Omar Vargas Co-Chair - Membership 1.0
Officer Director
$0 $0 $0
Philip de Picciotto Treasurer 1.0
Officer Director
$0 $0 $0
Robert Allbritton Chair - Programs 1.0
Officer Director
$0 $0 $0
Teresa Carlson Secretary 1.0
Officer Director
$0 $0 $0
Timothy McBride Co-Chair - Nominating 1.0
Officer Director
$0 $0 $0
Alex Wirth Board Member 1.0
Director
$0 $0 $0
Amy Gilliland Board Member 1.0
Director
$0 $0 $0
Anthony Capuano Board Member 1.0
Director
$0 $0 $0
Bradley Knox Board Member 1.0
Director
$0 $0 $0
Chad Sweet Board Member 1.0
Director
$0 $0 $0
Dan Kotter Board Member 1.0
Director
$0 $0 $0
Dave Levy Board Member 1.0
Director
$0 $0 $0
DeDe Lea Board Member 1.0
Director
$0 $0 $0
Gregory Washington Board Member 1.0
Director
$0 $0 $0
Heather Wingate Board Member 1.0
Director
$0 $0 $0
Horacio Rozanski Board Member 1.0
Director
$0 $0 $0
J Stephen Jones Board Member 1.0
Director
$0 $0 $0
Jodie McLean Board Member 1.0
Director
$0 $0 $0
Jordan Goldstein Board Member 1.0
Director
$0 $0 $0
Kendrick Ashton Board Member 1.0
Director
$0 $0 $0
Kenneth Samet Board Member 1.0
Director
$0 $0 $0
Kimberly Russo Board Member 1.0
Director
$0 $0 $0
Kyle Schoppmann Board Member 1.0
Director
$0 $0 $0
Leslie Hale Board Member 1.0
Director
$0 $0 $0
Linda Rabbit Board Member 1.0
Director
$0 $0 $0
Marty Rodgers Board Member 1.0
Director
$0 $0 $0
Mary Streett Board Member 1.0
Director
$0 $0 $0
Monica Dalwadi Board Member 1.0
Director
$0 $0 $0
Nora Gardner Board Member 1.0
Director
$0 $0 $0
Richard Bynum Board Member 1.0
Director
$0 $0 $0
Sameer Bhargava Board Member 1.0
Director
$0 $0 $0
Shawn Wright Board Member 1.0
Director
$0 $0 $0
Stephanie Linnartz Board Member 1.0
Director
$0 $0 $0
Susan Tynan Board Member 1.0
Director
$0 $0 $0
Suzanne Clark Board Member 1.0
Director
$0 $0 $0
Theresa Fariello Board Member 1.0
Director
$0 $0 $0
Usman Ahmed Board Member 1.0
Director
$0 $0 $0
W Matthew Kelly Board Member 1.0
Director
$0 $0 $0
Ziad Ojakli Board Member 1.0
Director
$0 $0 $0
Jessalyn Vermillion Chief Accounting & Finance Officer 40.0
Officer
$174,054 $19,754 $193,808
Jamie Maguire Senior Director, Events & Scheduling 40.0
Highest
$127,000 $19,316 $146,316
Jeffrey Germak VP, Membership & Administration 40.0
Highest
$137,500 $20,462 $157,962
Judi Irastorza SVP, Communications 40.0
Highest
$177,262 $38,722 $215,984
Mara-Lise Deychak VP, Corporate Engagement 40.0
Highest
$136,026 $21,479 $157,505
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
2025 $8,625,798 $6,970,106 $19,214,122 $1,655,692
2024 $7,864,489 $7,350,773 $15,753,254 $513,716
2023 $6,939,083 $6,000,623 $14,638,930 $938,460
2022 $5,984,327 $5,076,290 $13,318,096 $908,037
2021 $5,525,813 $3,928,876 $12,647,182 $1,596,937
2020 $6,379,524 $4,554,350 $10,380,291 $1,825,174
2019 $7,621,115 $5,932,669 $9,169,033 $1,688,446
2018 $4,569,530 $3,785,545 $7,294,632 $783,985
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