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 DaetzSTEVE DAETZ
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Byron AugusteBYRON AUGUSTE
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mehrsa BaradaranMEHRSA BARADARAN
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Ira FishmanIRA FISHMAN
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Shayna StromSHAYNA 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-MorrowMELISSA 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 BanksKATHERINE 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 FaziliSAMEERA FAZILI
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth MaxwellMARY BETH MAXWELL
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Janelle JonesJANELLE 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 PaisleyEDWARD 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 FisherJONATHAN 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 DavisKORIN 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 AlexanderLAURA 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 WaskeyELENA 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
-
$75,000
CHANGING CLIMATE FOR UNION ORGANIZING: NON-BOARD CAMPAIGNS 2016-2022
-
$70,000
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
-
$70,000
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
-
$60,000
THE LIFECYCLE ORIGINS OF INCOME INEQUALITY
-
$60,000
BUILDING AN OPEN-SOURCE KNOWLEDGE BASE AND MACHINE LEARNING TOOLS TO AUTOMATE THE TRANSFORMATION OF JOB ADVERTISEMENT TEXT INTO DATA
-
$55,000
DESIGNING CLIMATE ADAPTATION FUNDING PORTFOLIOS FOR EQUITY AND EFFICIENCY
-
$55,000
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.