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Nonprofiteer
← WASHINGTON CENTER FOR EQUITABLE GROWTH INC

Form 990 for tax year 2022

Filed by WASHINGTON CENTER FOR EQUITABLE GROWTH INC.

Totals

Total revenue
$6,193,469
Total expenses
$8,996,793
Contributions and grants received
$6,132,361
Grants paid
$1,152,926
Program service revenue
$0
Investment income
$1,187
Other revenue
$59,921
Total assets, end of year
$9,084,135
Total liabilities, end of year
$1,176,352
Net assets or fund balances, end of year
$7,907,783
Program services expenses (Part IX)
$6,618,465
Management and general expenses
$2,021,576
Fundraising expenses
$356,752
Program service expenses (Part III)
$6,618,465

Program services were 73.6% 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)

    $49,999

  • 1f · All other contributions, gifts and grants

    $6,082,362

  • 3 · Investment income

    total $1,187 · excluded $1,187

  • 11a · Other revenue: OTHER INCOME

    total $59,921 · related or exempt $59,921

  • 11e · Other revenue, total

    $59,921

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,062,926 · program services $1,062,926

  • 2 · Grants to domestic individuals

    total $90,000 · program services $90,000

  • 5 · Compensation of officers, directors and key employees

    total $590,307 · program services $188,285 · management and general $269,897 · fundraising $132,125

  • 7 · Other salaries and wages

    total $4,323,284 · program services $3,389,952 · management and general $856,013 · fundraising $77,319

  • 8 · Pension plan contributions

    total $228,688 · program services $178,550 · management and general $45,287 · fundraising $4,851

  • 9 · Other employee benefits

    total $451,193 · program services $358,886 · management and general $84,932 · fundraising $7,375

  • 10 · Payroll taxes

    total $404,623 · program services $298,207 · management and general $90,454 · fundraising $15,962

  • 11b · Fees: legal

    total $33,505 · management and general $28,479 · fundraising $5,026

  • 11c · Fees: accounting

    total $42,421 · management and general $36,058 · fundraising $6,363

  • 11g · Fees: other

    total $633,484 · program services $256,366 · management and general $320,550 · fundraising $56,568

  • 13 · Office expenses

    total $19,065 · program services $12,136 · management and general $5,889 · fundraising $1,040

  • 14 · Information technology

    total $311,430 · program services $229,524 · management and general $69,620 · fundraising $12,286

  • 16 · Occupancy

    total $397,577 · program services $293,014 · management and general $88,879 · fundraising $15,684

  • 17 · Travel

    total $31,524 · program services $31,025 · management and general $424 · fundraising $75

  • 19 · Conferences, conventions and meetings

    total $68,266 · program services $58,298 · management and general $8,473 · fundraising $1,495

  • 22 · Depreciation, depletion and amortization

    total $139,025 · program services $102,461 · management and general $31,079 · fundraising $5,485

  • 23 · Insurance

    total $18,550 · program services $13,671 · management and general $4,147 · fundraising $732

  • 24a · Other expenses: MEMBERSHIP AND SUBSCRIP

    total $64,440 · program services $4,467 · management and general $50,977 · fundraising $8,996

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $36,956 · program services $14,716 · management and general $18,904 · fundraising $3,336

  • 24c · Other expenses: OTHER EXPENSES

    total $24,906 · program services $17,834 · management and general $6,009 · fundraising $1,063

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $24,623 · program services $18,147 · management and general $5,505 · fundraising $971

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,067,561 · end of year $8,063,969

  • 3 · Pledges and grants receivable

    beginning of year $2,500,000 · end of year $757,328

  • 4 · Accounts receivable

    beginning of year $63,957 · end of year $142,057

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,994 · end of year $66,768

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

    $393,468

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

    $339,455

  • 10c · Land, buildings and equipment, net

    beginning of year $198,986 · end of year $54,013

  • 15 · Other assets

    beginning of year $38,370 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $494,384 · end of year $488,674

  • 18 · Grants payable

    beginning of year $744,396 · end of year $687,678

  • 25 · Other liabilities

    beginning of year $29,981 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,709,774 · end of year $4,203,346

  • 28 · Net assets with donor restrictions

    beginning of year $4,001,333 · end of year $3,704,437

Mission and programs · 2022

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 $2,438,009 · Grants $1,152,926

  • NARRATIVE BUILDING: 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 $599,513

  • 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 $1,493,544

  • OTHER PROGRAM SERVICES INCLUDE: FAMILY ECONOMIC SECURITY, COMPETITION, TAXATION OF CAPITAL, BOOSTING WAGE GROWTH, MEASURING ECONOMIC PROGRESS, MACROECONOMIC POLICY FRAMEWORK, MOBILITY, AND GOVERNMENTAL EXTERNAL RELATIONS.

    Expenses $2,087,399

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Podesta

    CHAIRMAN OF BOARD (UNTIL AUG'22)

    Total calculated
    $0
    Hours/week
    1

  • Steve Daetz

    SECRETARY/TREAS, CHAIRMAN AT AUG'22

    Total calculated
    $0
    Hours/week
    1

  • Byron Auguste

    ASST SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mehrsa Baradadan

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Ira Fishman

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Shayna Strom

    INTERIM PRESIDENT (AS OF SEPT '22)

    Total calculated
    $67,671
    From this org
    $67,489
    From related orgs
    $0
    Other
    $182
    Hours/week
    40

  • Michelle Holder PhD

    PRESIDENT & CEO (UNTIL JULY 2022)

    Total calculated
    $144,470
    From this org
    $123,733
    From related orgs
    $0
    Other
    $20,737
    Hours/week
    32

  • Melissa Grober-Morrow

    VICE PRESIDENT

    Total calculated
    $217,429
    From this org
    $185,102
    From related orgs
    $0
    Other
    $32,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,102
    Bonus
    $0
    Other
    $0
    Deferred
    $9,772
    Nontaxable benefits
    $22,555
    Filer's total
    $217,429

  • Katherine Banks

    DIRECTOR OF FINANCE & ADMIN

    Total calculated
    $160,737
    From this org
    $130,411
    From related orgs
    $0
    Other
    $30,326
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,411
    Bonus
    $0
    Other
    $0
    Deferred
    $7,537
    Nontaxable benefits
    $22,789
    Filer's total
    $160,737

  • Edward Paisley

    EDITORIAL DIRECTOR & SR ADV

    Total calculated
    $231,585
    From this org
    $187,875
    From related orgs
    $0
    Other
    $43,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,875
    Bonus
    $0
    Other
    $0
    Deferred
    $10,648
    Nontaxable benefits
    $33,062
    Filer's total
    $231,585

  • Jonathan Fisher

    RESEARCH ADVISOR

    Total calculated
    $206,440
    From this org
    $182,893
    From related orgs
    $0
    Other
    $23,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,893
    Bonus
    $0
    Other
    $0
    Deferred
    $9,392
    Nontaxable benefits
    $14,155
    Filer's total
    $206,440

  • Maryam Janani

    POLICY DIRECTOR

    Total calculated
    $185,190
    From this org
    $168,474
    From related orgs
    $0
    Other
    $16,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,474
    Bonus
    $0
    Other
    $0
    Deferred
    $9,251
    Nontaxable benefits
    $7,465
    Filer's total
    $185,190

  • Katherine Bahn

    DIRECTOR OF LABOR MARKET POLICY & CHIEF ECONOMIST

    Total calculated
    $167,329
    From this org
    $150,471
    From related orgs
    $0
    Other
    $16,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,471
    Bonus
    $0
    Other
    $0
    Deferred
    $8,350
    Nontaxable benefits
    $8,508
    Filer's total
    $167,329

  • Elena Waskey

    SENIOR DIRECTOR OF COMMUNICATIONS AND MARKETING

    Total calculated
    $170,419
    From this org
    $147,319
    From related orgs
    $0
    Other
    $23,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,319
    Bonus
    $0
    Other
    $0
    Deferred
    $8,168
    Nontaxable benefits
    $14,932
    Filer's total
    $170,419

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
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333109349302198

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