Skip to content
Nonprofiteer
← WASHINGTON AREA COMMUNITY INVESTMENT FUND INC

Form 990 for tax year 2023

Filed by WASHINGTON AREA COMMUNITY INVESTMENT FUND INC.

Totals

Total revenue
$7,616,507
Total expenses
$10,848,582
Contributions and grants received
$6,816,270
Grants paid
$4,492,274
Program services expenses (Part IX)
$7,768,066
Management and general expenses
$1,599,440
Fundraising expenses
$1,481,076
Program service expenses (Part III)
$7,768,066

Program services were 71.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • NANCY STARK

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • NORA DIAMOND-JONES

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ROBERT RIORDAN

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BRIAN NAGENDRA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN LEWALD

    BOARD MEMBER - UNTIL 11/2023

    Total calculated
    $0
    Hours/week
    1

  • COURTNEY R SNOWDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARISA G FLOWERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JESSEL AMIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARYLN MADDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMEKA MONEME

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KLADE HARE NERSASIAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ABIGAIL SUAREZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COREY GRIFFIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHIAS GLATTING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AQUIL STINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN FRYATT CFOO UNTIL 122023

    CO-INTERIM CEO SINCE 12/2023

    Total calculated
    $191,348
    From this org
    $160,755
    From related orgs
    $0
    Other
    $30,593
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $155,999
    Bonus
    $4,756
    Other
    $0
    Deferred
    $7,654
    Nontaxable benefits
    $22,939
    Filer's total
    $191,348

  • BRENDON MILLER CHIEF OF STAFF

    UNTIL 5/2023,INTERIM CEO SINCE 5/23

    Total calculated
    $177,634
    From this org
    $169,033
    From related orgs
    $0
    Other
    $8,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,337
    Bonus
    $4,696
    Other
    $0
    Deferred
    $7,811
    Nontaxable benefits
    $790
    Filer's total
    $177,634

  • KIMBERLY GAYLE CHIEF PROGRAMS

    OFFICER UNTIL 12/2023,CO-INTERIM CEO FROM 12/23

    Total calculated
    $163,609
    From this org
    $147,127
    From related orgs
    $0
    Other
    $16,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,752
    Bonus
    $4,375
    Other
    $0
    Deferred
    $7,292
    Nontaxable benefits
    $9,190
    Filer's total
    $163,609

  • HAROLD PETTIGREW

    CHIEF EXECUTIVE OFFICER-UNTIL 5/2023

    Total calculated
    $70,921
    From this org
    $61,946
    From related orgs
    $0
    Other
    $8,975
    Hours/week
    40 + 2 related

  • SHAUNA YELDELL

    CHIEF LENDING OFFICER

    Total calculated
    $181,354
    From this org
    $147,146
    From related orgs
    $0
    Other
    $34,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,787
    Bonus
    $4,359
    Other
    $0
    Deferred
    $7,764
    Nontaxable benefits
    $26,444
    Filer's total
    $181,354

  • MEGAN CARRAS

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $145,441
    From this org
    $136,693
    From related orgs
    $0
    Other
    $8,748
    Hours/week
    40

  • SOWMYA PELLURU CHIEF

    COMMUNICATIONS & BRANDING OFFICER

    Total calculated
    $145,346
    From this org
    $133,545
    From related orgs
    $0
    Other
    $11,801
    Hours/week
    40

  • JUNELL VENORD

    HUMAN CAPITAL DIRECTOR

    Total calculated
    $134,766
    From this org
    $122,657
    From related orgs
    $0
    Other
    $12,109
    Hours/week
    40

  • KARA ULMER

    OPERATIONS DIRECTOR

    Total calculated
    $124,117
    From this org
    $117,074
    From related orgs
    $0
    Other
    $7,043
    Hours/week
    40

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 — 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ON NOVEMBER 30, 2023, WACIF PAID A NON-FIXED DISCRETIONARY BONUS PAYMENT TO ELIGIBLE STAFF BASED ON THE ORGANIZATION'S OVERALL PERFORMANCE.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202421279349303747

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.