Skip to content
Nonprofiteer
← WASHINGTON CENTER FOR EQUITABLE GROWTH INC

Form 990 for tax year 2023

Filed by WASHINGTON CENTER FOR EQUITABLE GROWTH INC.

Totals

Total revenue
$6,349,635
Total expenses
$7,699,154
Contributions and grants received
$6,337,085
Grants paid
$803,300
Program service revenue
$0
Investment income
$937
Other revenue
$11,613
Total assets, end of year
$7,546,618
Total liabilities, end of year
$988,354
Net assets or fund balances, end of year
$6,558,264
Program services expenses (Part IX)
$5,870,746
Management and general expenses
$1,554,147
Fundraising expenses
$274,261
Program service expenses (Part III)
$5,870,746

Program services were 76.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,337,085

  • 3 · Investment income

    total $937 · excluded $937

  • 11a · Other revenue: OTHER INCOME

    total $11,613 · related or exempt $11,613

  • 11e · Other revenue, total

    $11,613

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $773,300 · program services $773,300

  • 2 · Grants to domestic individuals

    total $30,000 · program services $30,000

  • 5 · Compensation of officers, directors and key employees

    total $719,679 · program services $186,433 · management and general $351,223 · fundraising $182,023

  • 7 · Other salaries and wages

    total $3,938,779 · program services $3,334,303 · management and general $604,476

  • 8 · Pension plan contributions

    total $195,470 · program services $161,966 · management and general $33,504

  • 9 · Other employee benefits

    total $524,217 · program services $431,093 · management and general $85,494 · fundraising $7,630

  • 10 · Payroll taxes

    total $366,383 · program services $271,685 · management and general $80,493 · fundraising $14,205

  • 11b · Fees: legal

    total $26,050 · management and general $22,143 · fundraising $3,907

  • 11c · Fees: accounting

    total $38,487 · management and general $32,714 · fundraising $5,773

  • 11g · Fees: other

    total $479,167 · program services $271,973 · management and general $176,114 · fundraising $31,080

  • 13 · Office expenses

    total $10,531 · program services $6,145 · management and general $3,729 · fundraising $657

  • 14 · Information technology

    total $264,451 · program services $194,302 · management and general $59,627 · fundraising $10,522

  • 16 · Occupancy

    total $129,580 · program services $97,268 · management and general $27,465 · fundraising $4,847

  • 17 · Travel

    total $32,765 · program services $28,544 · management and general $3,588 · fundraising $633

  • 19 · Conferences, conventions and meetings

    total $11,144 · program services $11,144

  • 22 · Depreciation, depletion and amortization

    total $30,456 · program services $23,085 · management and general $6,265 · fundraising $1,106

  • 23 · Insurance

    total $26,846 · program services $20,349 · management and general $5,522 · fundraising $975

  • 24a · Other expenses: MEMBERSHIP AND SUBSCRIP

    total $65,013 · program services $16,970 · management and general $40,837 · fundraising $7,206

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $38,731 · program services $19,157 · management and general $16,638 · fundraising $2,936

  • 24c · Other expenses: CATERING AND FOOD

    total $22,747 · program services $17,706 · management and general $4,285 · fundraising $756

  • 24d · Other expenses: OTHER EXPENSES

    total $35 · management and general $30 · fundraising $5

  • 24e · All other expenses

    total -$24,677 · program services -$24,677

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,063,969 · end of year $7,252,381

  • 3 · Pledges and grants receivable

    beginning of year $757,328 · end of year $182,548

  • 4 · Accounts receivable

    beginning of year $142,057 · end of year $24,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,768 · end of year $61,966

  • 10a · Land, buildings and equipment: cost or other basis

    $395,067

  • 10b · Land, buildings and equipment: accumulated depreciation

    $369,912

  • 10c · Land, buildings and equipment, net

    beginning of year $54,013 · end of year $25,155

  • 17 · Accounts payable and accrued expenses

    beginning of year $488,674 · end of year $383,054

  • 18 · Grants payable

    beginning of year $687,678 · end of year $605,300

  • 27 · Net assets without donor restrictions

    beginning of year $4,203,346 · end of year $3,461,030

  • 28 · Net assets with donor restrictions

    beginning of year $3,704,437 · end of year $3,097,234

Mission and programs · 2023

Mission

THE WASHINGTON CENTER FOR EQUITABLE GROWTH IS A NON-PROFIT RESEARCH AND GRANTMAKING ORGANIZATION DEDICATED TO ADVANCING EVIDENCE-BACKED IDEAS AND POLICIES THAT PROMOTE STRONG, STABLE, AND BROAD-BASED ECONOMIC GROWTH.

Activities or mission (Part I)

THE WASHINGTON CENTER FOR EQUITABLE GROWTH IS A NON-PROFIT RESEARCH AND GRANTMAKING ORGANIZATION DEDICATED TO IMPROVING THE UNDERSTANDING OF EQUITABLE GROWTH AND INEQUALITY BY SUPPORTING NEW ACADEMIC RESEARCH AND BRINGING TOGETHER SCHOLARS TO SHARE THEIR WORK - BUILD A STRONGER BRIDGE BETWEEN ACADEMICS AND POLICYMAKERS TO HELP ENSURE THAT RESEARCH ON EQUITABLE GROWTH AND INEQUALITY IS RELEVANT, ACCESSIBLE, AND INFORMATIVE TO THE POLICYMAKING PROCESS -SHARE A RIGOROUS, FACT BASED NATIONAL DEBATE ON EQUITABLE GROWTH AND INEQUALITY BY FACILITATING SCHOLARS' PARTICIPATION IN THE MEDIA AND INVESTING IN A SOPHISTICATED IN-HOUSE COMMUNICATIONS AND SOCIAL MEDIA EFFORT.

  • ACADEMIC PROGRAMS: EQUITABLE GROWTH'S GRANTS AND RESEARCH PROGRAMS AIM TO IMPROVE OUR UNDERSTANDING OF INEQUALITY AND GROWTH BY SUPPORTING NEW RESEARCH AND BRINGING SCHOLARS TOGETHER TO SHARE THEIR WORK.

    Expenses $1,812,108 · Grants $787,800

  • POLICY AND ADVOCACY: EQUITABLE GROWTH'S TEAM ELEVATES NEW RESEARCH AND POLICY-RELEVANT ANALYSIS BY INVESTING AND ENGAGING IN ROBUST OUTREACH TO ENSURE NEW FINDINGS ARE DISCUSSED PROMINENTLY IN ACADEMIC AND POLICY CIRCLES IN WASHINGTON AND AROUND THE COUNTRY.

    Expenses $558,845

  • COMMUNICATIONS AND MARKETING: EQUITABLE GROWTH'S TEAM WORKS TO BUILD A STRONGER BRIDGE BETWEEN ACADEMICS AND POLICYMAKERS TO HELP ENSURE THAT RESEARCH ON INEQUALITY AND GROWTH IS CREDIBLE, RELEVANT, ACCESSIBLE, AND INFORMATIVE TO THE POLICYMAKING PROCESS.

    Expenses $1,507,258

  • OTHER PROGRAM SERVICES INCLUDE: TAXATION OF CAPITAL, DATA MEASUREMENT AND DISAGGREGATION, COMPETITION, FAMILY ECONOMIC SECURITY, MACRO POLICY FRAMEWORK, BOOSTING WAGE GROWTH, MOBILITY, AND GOVERNMENT AND EXTERNAL RELATIONS.

    Expenses $1,992,535 · Grants $15,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Daetz

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Byron Auguste

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Mehrsa Baradaran

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1
  • Ira Fishman

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Shayna Strom

    PRESIDENT & CEO

    Total calculated
    $308,964
    From this org
    $292,064
    From related orgs
    $0
    Other
    $16,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,064
    Bonus
    $0
    Other
    $0
    Deferred
    $16,149
    Nontaxable benefits
    $751
    Filer's total
    $308,964
  • Melissa Grober-Morrow

    VICE PRESIDENT

    Total calculated
    $230,527
    From this org
    $195,526
    From related orgs
    $0
    Other
    $35,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,526
    Bonus
    $0
    Other
    $0
    Deferred
    $10,893
    Nontaxable benefits
    $24,108
    Filer's total
    $230,527
  • Katherine Banks

    DIRECTOR OF FIN & ADM-UNTIL NOV 2023

    Total calculated
    $169,241
    From this org
    $138,409
    From related orgs
    $0
    Other
    $30,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,409
    Bonus
    $0
    Other
    $0
    Deferred
    $7,959
    Nontaxable benefits
    $22,873
    Filer's total
    $169,241
  • Sameera Fazili

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1
  • Mary Beth Maxwell

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1
  • Janelle Jones

    VP, POLICY - STARTED NOV 2024

    Total calculated
    $10,947
    From this org
    $10,245
    From related orgs
    $0
    Other
    $702
    Hours/week
    40
  • Edward Paisley

    EDITORIAL DIRECTOR & SR AD

    Total calculated
    $224,743
    From this org
    $177,886
    From related orgs
    $0
    Other
    $46,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,886
    Bonus
    $0
    Other
    $0
    Deferred
    $10,258
    Nontaxable benefits
    $36,599
    Filer's total
    $224,743
  • Jonathan Fisher

    RESEARCH ADVISOR

    Total calculated
    $217,375
    From this org
    $189,059
    From related orgs
    $0
    Other
    $28,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,059
    Bonus
    $0
    Other
    $0
    Deferred
    $10,566
    Nontaxable benefits
    $17,750
    Filer's total
    $217,375
  • Korin Davis

    DIRECTOR OF ACADEMIC PROGRAMS

    Total calculated
    $213,413
    From this org
    $176,607
    From related orgs
    $0
    Other
    $36,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,607
    Bonus
    $0
    Other
    $0
    Deferred
    $9,740
    Nontaxable benefits
    $27,066
    Filer's total
    $213,413
  • Laura Alexander

    DIRECTOR OF MARKETS & COMPETITION POLICY

    Total calculated
    $210,779
    From this org
    $167,676
    From related orgs
    $0
    Other
    $43,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,676
    Bonus
    $0
    Other
    $0
    Deferred
    $9,478
    Nontaxable benefits
    $33,625
    Filer's total
    $210,779
  • Elena Waskey

    SENIOR DIRECTOR OF COMMUNI

    Total calculated
    $191,514
    From this org
    $165,479
    From related orgs
    $0
    Other
    $26,035
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,479
    Bonus
    $0
    Other
    $0
    Deferred
    $9,187
    Nontaxable benefits
    $16,848
    Filer's total
    $191,514

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CHANGING CLIMATE FOR UNION ORGANIZING: NON-BOARD CAMPAIGNS 2016-2022

  • MISSING PIECES IN THE PUZZLE: LEVERAGING UNTAPPED ARCHIVAL DATA TO CONNECT NEW DEAL HOUSING POLICIES TO RACIAL AND SPATIAL INEQUALITY

  • UNIVERSITY OF MINNESOTA TWIN CITIES

    $70,000

    NOVEL MEASUREMENT OF CHILDCARE CUSTOMER AND WORKER FLOWS ENABLES NOVEL EVIDENCE ON RECENT SUPPLY-SIDE SUBSIDIES

  • MICROECONOMIC AND MACROECONOMIC IMPLICATIONS OF WAGE RIGIDITY

  • JANUS AND THE FUTURE OF PUBLIC SECTOR WORKER POWER

  • UNIVERSITY OF WASHINGTON

    $60,000

    THE CHILD CARE WORKFORCE AND COVID: COMMUNITY CAPACITY AND INVESTMENTS AS BUFFERS TO THE PANDEMIC

  • THE LIFECYCLE ORIGINS OF INCOME INEQUALITY

  • BUILDING AN OPEN-SOURCE KNOWLEDGE BASE AND MACHINE LEARNING TOOLS TO AUTOMATE THE TRANSFORMATION OF JOB ADVERTISEMENT TEXT INTO DATA

  • DESIGNING CLIMATE ADAPTATION FUNDING PORTFOLIOS FOR EQUITY AND EFFICIENCY

  • TRACKING HOSPITAL MERGERS AND UNDERSTANDING WHICH MARKETS ARE CHANGING

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349301439

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.