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Nonprofiteer
← GREATER WASHINGTON BOARD OF TRADE

Form 990 for tax year 2022

Filed by GREATER WASHINGTON BOARD OF TRADE.

Totals

Total revenue
$3,723,561
Total expenses
$3,444,833
Contributions and grants received
$852,525
Grants paid
$0
Program service revenue
$2,866,840
Investment income
$4,196
Other revenue
$0
Total assets, end of year
$2,299,196
Total liabilities, end of year
$2,361,205
Net assets or fund balances, end of year
-$62,009
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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)

    $288,475

  • 1f · All other contributions, gifts and grants

    $564,050

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $2,762,400 · related or exempt $2,762,400

  • 2b · Program service revenue: PROGRAM PARTICIPATION

    total $104,440 · related or exempt $104,440

  • 3 · Investment income

    total $4,196 · excluded $4,196

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $578,920

  • 7 · Other salaries and wages

    total $1,314,431

  • 8 · Pension plan contributions

    total $50,560

  • 9 · Other employee benefits

    total $87,523

  • 10 · Payroll taxes

    total $119,133

  • 11c · Fees: accounting

    total $25,405

  • 11g · Fees: other

    total $6,093

  • 12 · Advertising and promotion

    total $154,507

  • 13 · Office expenses

    total $55,017

  • 14 · Information technology

    total $87,727

  • 16 · Occupancy

    total $410,989

  • 17 · Travel

    total $6,965

  • 19 · Conferences, conventions and meetings

    total $421,897

  • 20 · Interest

    total $9,826

  • 22 · Depreciation, depletion and amortization

    total $41,722

  • 23 · Insurance

    total $33,422

  • 24a · Other expenses: SUBS., BOOKS & DUES

    total $16,488

  • 24b · Other expenses: CREDIT CARD FEES

    total $12,669

  • 24c · Other expenses: STAFF EXPENSE

    total $7,702

  • 24d · Other expenses: COMMITTEE EXPENSE

    total $3,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,376,158 · end of year $1,147,642

  • 2 · Savings and temporary cash investments

    beginning of year $301,107 · end of year $501,107

  • 4 · Accounts receivable

    beginning of year $65,808 · end of year $64,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $59,791 · end of year $62,708

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

    $602,843

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

    $545,892

  • 10c · Land, buildings and equipment, net

    beginning of year $89,265 · end of year $56,951

  • 15 · Other assets

    beginning of year $36,000 · end of year $466,231

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,741 · end of year $115,507

  • 19 · Deferred revenue

    beginning of year $1,443,428 · end of year $1,453,843

  • 23 · Secured mortgages and notes payable

    beginning of year $198,328

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $380,369 · end of year $641,855

  • 27 · Net assets without donor restrictions

    beginning of year -$340,737 · end of year -$62,009

Mission and programs · 2022

Mission

THE GREATER WASHINGTON BOARD OF TRADE LEADS THE BUSINESS COMMUNITY IN ADVANCING A VIBRANT REGIONAL ECONOMY.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • PROGRAMS AND EVENTS: THE BOARD OF TRADE HOSTS WEEKLY MEETINGS, CONFERENCES, RECEPTIONS, AND OTHER EVENTS FOR ITS MEMBER ORGANIZATIONS AND OTHER LEADERS IN THE COMMUNITY. THESE ACTIVITIES FACILITATE LEARNING, NETWORKING, AND PROBLEM SOLVING, HELPING PARTICIPANTS TO MEET NEAR-TERM BUSINESS OBJECTIVES AS WELL AS CONTRIBUTE TO THE DEVELOPMENT OF THE REGION.

  • GOVERNMENT RELATIONS: THE BOARD OF TRADE MAINTAINS PRODUCTIVE RELATIONSHIPS WITH POLICYMAKERS THROUGHOUT THE REGION AND ADVOCATES FOR GOVERNMENT ACTION THAT SUPPORTS LONG-TERM, BROAD-BASED ECONOMIC GROWTH.

As filed on the 2022 return.

Listed in Part VII

  • Jack McDougle

    PRESIDENT & CEO

    Total calculated
    $578,920
    From this org
    $537,536
    From related orgs
    $0
    Other
    $41,384
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $392,755
    Bonus
    $144,781
    Other
    $0
    Deferred
    $13,725
    Nontaxable benefits
    $27,659
    Filer's total
    $578,920
  • Keith Hennesey

    CHAIR

    Total calculated
    $0
    Hours/week
    2.31
  • Jermaine Johnson

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2.31
  • Marty Rodgers

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.31
  • Cecilia Hodges

    TREASURER

    Total calculated
    $0
    Hours/week
    2.31
  • Nora Gardner

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2.31
  • Marc Blakeman

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2.31
  • Steve Proctor

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2.31
  • John Stalfort

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    2.31
  • Anthony Lewis

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Anthony Pierce

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Blue Jenkins

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Courtney Spaeth

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • David Straut

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Elizabeth Lewis

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Evelyn Lee

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Jeremy Blank

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • John Dancy

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Karmen Rajamani

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Kenneth Samet

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Lawrence Di Rita

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Michael Policicchio

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Patricia Steis

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Paul Stimers

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Rosie Allen-Herring

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Susan Lacz

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Tim Gillis

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Tyler Anthony

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.77
  • Adam Ostrach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Ajay Vinze

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Alex Orfinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Andrew Flagel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Anuj Mehotra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Beth Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Bill Eisig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Brad Flickinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Brian McVay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Brian Pieninck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Bryan Pynchon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Caleb Vuljanic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Cary Hatch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Catherine Meloy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Corby Lawrence

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Dale Kopnitsky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Darryll Pines

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Dave Dacquino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Dave Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • David Whitesone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Denis Dunn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Derrick Perkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Diane Hoskins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Dirk Haire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Ed Grenier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Ernie Jarvis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Ethan Selzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Evan Kraus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Greg Wallig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Irma Becerra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • James Cornelsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Jay Grauberger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Jay Farrar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Joe Ochipinti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • John Potter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Kevin Smithson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Kurt Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Lorraine Lavet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Lyles Carr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Mario Acosta-Velez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Melonie Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Michael Akin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Michele Blackwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Michelle Dandeneau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Mike Carney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Misty Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Monica Dalwadi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Monica Schmude

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Napo Wolak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Patricia Maguire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Radha Muthiah

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Randy Clarke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Ricky Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Ruth Williams-Brinkley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Scott Frisch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Steve Skinner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Steve Heger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Terry Kenny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • Wk Wiseman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19
  • George Longwell

    VP OF ENGAGEMENT

    Total calculated
    $227,257
    From this org
    $217,884
    From related orgs
    $0
    Other
    $9,373
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $211,584
    Bonus
    $6,300
    Other
    $0
    Deferred
    $9,373
    Nontaxable benefits
    $0
    Filer's total
    $227,257
  • Jessica Shehadi

    GENERAL MANAGER

    Total calculated
    $192,597
    From this org
    $178,616
    From related orgs
    $0
    Other
    $13,981
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $166,616
    Bonus
    $12,000
    Other
    $0
    Deferred
    $8,203
    Nontaxable benefits
    $5,778
    Filer's total
    $192,597
  • Daniel Flores

    VP REGIONAL GOVERNMENT RELATIONS

    Total calculated
    $182,603
    From this org
    $164,797
    From related orgs
    $0
    Other
    $17,806
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $159,797
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,683
    Nontaxable benefits
    $10,123
    Filer's total
    $182,603
  • Ashley Balis

    SVP STRATEGY

    Total calculated
    $136,541
    From this org
    $119,271
    From related orgs
    $0
    Other
    $17,270
    Hours/week
    37.5

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 committee
  • 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

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

No itemized grants to organizations on this return.

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
2022
Filed
26 July 2023
IRS schema version
2022v5.0
Source object
202302079349300225

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