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Nonprofiteer
← WASHINGTON CENTER FOR EQUITABLE GROWTH INC

Form 990 for tax year 2024

Filed by WASHINGTON CENTER FOR EQUITABLE GROWTH INC.

Totals

Total revenue
$11,966,024
Total expenses
$6,723,019
Contributions and grants received
$11,912,927
Grants paid
$907,319
Program service revenue
$0
Investment income
$49,237
Other revenue
$3,860
Total assets, end of year
$12,750,745
Total liabilities, end of year
$949,476
Net assets or fund balances, end of year
$11,801,269
Program services expenses (Part IX)
$4,118,788
Management and general expenses
$2,213,597
Fundraising expenses
$390,634
Program service expenses (Part III)
$4,118,788

Program services were 61.3% 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.

  • 1e · Government grants (contributions)

    $553,088

  • 1f · All other contributions, gifts and grants

    $11,359,839

  • 3 · Investment income

    total $49,237 · excluded $49,237

  • 11a · Other revenue: OTHER INCOME

    total $3,860 · related or exempt $3,860

  • 11e · Other revenue, total

    $3,860

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $862,319 · program services $862,319

  • 2 · Grants to domestic individuals

    total $45,000 · program services $45,000

  • 5 · Compensation of officers, directors and key employees

    total $836,514 · program services $331,121 · management and general $315,208 · fundraising $190,185

  • 7 · Other salaries and wages

    total $2,470,401 · program services $1,446,679 · management and general $973,575 · fundraising $50,147

  • 8 · Pension plan contributions

    total $126,000 · program services $73,082 · management and general $50,261 · fundraising $2,657

  • 9 · Other employee benefits

    total $334,675 · program services $186,497 · management and general $131,636 · fundraising $16,542

  • 10 · Payroll taxes

    total $248,479 · program services $150,026 · management and general $83,685 · fundraising $14,768

  • 11b · Fees: legal

    total $48,791 · management and general $41,472 · fundraising $7,319

  • 11c · Fees: accounting

    total $47,388 · management and general $40,280 · fundraising $7,108

  • 11g · Fees: other

    total $955,119 · program services $561,241 · management and general $334,797 · fundraising $59,081

  • 13 · Office expenses

    total $19,140 · program services $7,899 · management and general $9,555 · fundraising $1,686

  • 14 · Information technology

    total $189,137 · program services $102,285 · management and general $73,824 · fundraising $13,028

  • 16 · Occupancy

    total $146,850 · program services $79,417 · management and general $57,318 · fundraising $10,115

  • 17 · Travel

    total $44,185 · program services $37,337 · management and general $5,821 · fundraising $1,027

  • 19 · Conferences, conventions and meetings

    total $156,046 · program services $154,793 · management and general $1,065 · fundraising $188

  • 22 · Depreciation, depletion and amortization

    total $15,183 · program services $8,210 · management and general $5,926 · fundraising $1,047

  • 23 · Insurance

    total $16,599 · program services $8,977 · management and general $6,479 · fundraising $1,143

  • 24a · Other expenses: MEMBERSHIP AND SUBSCRIP

    total $72,456 · program services $26,504 · management and general $39,059 · fundraising $6,893

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $36,406 · program services $22,706 · management and general $11,645 · fundraising $2,055

  • 24c · Other expenses: CATERING AND FOOD

    total $35,893 · program services $20,767 · management and general $12,857 · fundraising $2,269

  • 24d · Other expenses: BAD DEBT

    total $22,053 · management and general $18,745 · fundraising $3,308

  • 24e · All other expenses

    total -$5,615 · program services -$6,072 · management and general $389 · fundraising $68

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,252,381 · end of year $8,386,184

  • 3 · Pledges and grants receivable

    beginning of year $182,548 · end of year $4,288,000

  • 4 · Accounts receivable

    beginning of year $24,568 · end of year $19,881

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,966 · end of year $46,708

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

    $395,067

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

    $385,095

  • 10c · Land, buildings and equipment, net

    beginning of year $25,155 · end of year $9,972

  • 17 · Accounts payable and accrued expenses

    beginning of year $383,054 · end of year $345,896

  • 18 · Grants payable

    beginning of year $605,300 · end of year $603,580

  • 27 · Net assets without donor restrictions

    beginning of year $3,461,030 · end of year $5,391,463

  • 28 · Net assets with donor restrictions

    beginning of year $3,097,234 · end of year $6,409,806

Mission and programs · 2024

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. 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 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.

Activities or mission (Part I)

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.

  • 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 $1,658,049 · Grants $907,319

  • 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 $1,228,646

  • 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 $1,232,093

As filed on the 2024 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

  • Ira Fishman

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shayna Strom

    PRESIDENT & CEO

    Total calculated
    $322,462
    From this org
    $304,987
    From related orgs
    $0
    Other
    $17,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,987
    Bonus
    $0
    Other
    $0
    Deferred
    $15,976
    Nontaxable benefits
    $1,499
    Filer's total
    $322,462

  • Melissa Grober-Morrow

    VICE PRESIDENT

    Total calculated
    $242,535
    From this org
    $204,303
    From related orgs
    $0
    Other
    $38,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,303
    Bonus
    $0
    Other
    $0
    Deferred
    $10,858
    Nontaxable benefits
    $27,374
    Filer's total
    $242,535

  • Sameera Fazili

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Mary Beth Maxwell

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Jessica Presher

    SENIOR DIRECTOR, HR, OPERATION AND FINANCE

    Total calculated
    $47,400
    From this org
    $47,290
    From related orgs
    $0
    Other
    $110
    Hours/week
    40

  • Janelle Jones

    VICE PRESIDENT, POLICY

    Total calculated
    $224,116
    From this org
    $205,165
    From related orgs
    $0
    Other
    $18,951
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,165
    Bonus
    $0
    Other
    $0
    Deferred
    $9,552
    Nontaxable benefits
    $9,399
    Filer's total
    $224,116

  • Korin Davis

    DIRECTOR OF ACADEMIC PROGR

    Total calculated
    $191,128
    From this org
    $154,328
    From related orgs
    $0
    Other
    $36,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,328
    Bonus
    $0
    Other
    $0
    Deferred
    $8,198
    Nontaxable benefits
    $28,602
    Filer's total
    $191,128

  • Elena Waskey

    SENIOR DIRECTOR OF COMMUNI

    Total calculated
    $198,294
    From this org
    $171,416
    From related orgs
    $0
    Other
    $26,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,416
    Bonus
    $0
    Other
    $0
    Deferred
    $9,154
    Nontaxable benefits
    $17,724
    Filer's total
    $198,294

  • Loria Lopez

    DIRECTOR OF HR

    Total calculated
    $187,102
    From this org
    $153,148
    From related orgs
    $0
    Other
    $33,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,148
    Bonus
    $0
    Other
    $0
    Deferred
    $8,306
    Nontaxable benefits
    $25,648
    Filer's total
    $187,102

  • David Mitchell

    SENIOR FELLOW

    Total calculated
    $169,671
    From this org
    $152,196
    From related orgs
    $0
    Other
    $17,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,196
    Bonus
    $0
    Other
    $0
    Deferred
    $8,197
    Nontaxable benefits
    $9,278
    Filer's total
    $169,671

  • Gina Salerno

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $158,025
    From this org
    $141,162
    From related orgs
    $0
    Other
    $16,863
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,162
    Bonus
    $0
    Other
    $0
    Deferred
    $7,280
    Nontaxable benefits
    $9,583
    Filer's total
    $158,025

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503189349308100

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

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