Washington Center For Equitable Growth Inc
- Assets
- $12.0m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 54
- Location
- Washington, DC
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-4464400
Organization Overview
Washington Center For Equitable Growth Inc is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, Washington Center For Equitable Growth Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Center For Equitable Growth Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Washington Center For Equitable Growth Inc generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $8.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Washington Center For Equitable Growth Inc has awarded 146 individual grants totaling $7,741,625. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
COMMUNICATIONS: 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.
OTHER PROGRAM SERVICES INCLUDE: FAMILY ECONOMIC SECURITY, COMPETITION, TAXATION OF CAPITAL, BOOSTING WAGE GROWTH, MEASURING ECONOMIC PROGRESS, MACROECONOMIC POLICY FRAMEWORK, AND GOVERNMENTAL EXTERNAL RELATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Paisley Editorial Director & Senio | 40 | $182,084 | |
Michael Kades Director Of Markets And Co | 40 | $158,721 | |
Casey Schoeneberger Acting President (until Aug 2021) | OfficerTrustee | 40 | $149,321 |
Katherine Bahn Director Of Labor Market Policy & Acting Chief Eco | 40 | $140,237 | |
Elena Waskey Communications Director | 40 | $137,970 | |
Alix Gould-Werth Director Of Family Economic Security Policy | 40 | $136,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,545,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,545,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $674 |
| Net Rental Income | $26,049 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,578,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,315,373 |
| Grants and other assistance to domestic individuals. | $90,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $405,627 |
| Compensation of current officers, directors, key employees. | $229,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,005,861 |
| Pension plan accruals and contributions | $187,189 |
| Other employee benefits | $384,714 |
| Payroll taxes | $383,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,529 |
| Fees for services: Accounting | $36,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,575 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $519,438 |
| Advertising and promotion | $0 |
| Office expenses | $28,084 |
| Information technology | $282,779 |
| Royalties | $0 |
| Occupancy | $422,895 |
| Travel | $4,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,114 |
| Insurance | $28,684 |
| All other expenses | $0 |
| Total functional expenses | $8,493,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,067,561 |
| Pledges and grants receivable | $2,500,000 |
| Accounts receivable, net | $63,957 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $110,994 |
| Net Land, buildings, and equipment | $198,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,370 |
| Total assets | $11,979,868 |
| Accounts payable and accrued expenses | $494,384 |
| Grants payable | $744,396 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,981 |
| Total liabilities | $1,268,761 |
| Net assets without donor restrictions | $6,709,774 |
| Net assets with donor restrictions | $4,001,333 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,979,868 |
Grants Awarded
Over the last fiscal year, Washington Center For Equitable Growth Inc has awarded $1,302,795 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: RESEARCH - WHO WEATHERS THE STORM? THE UNEQUAL EFFECTS OF HURRICANES IN THE UNITED STATES | $85,624 |
Winstonsalem, NC PURPOSE: RESEARCH - GREEN JOBS OR LOST JOBS? THE DISTRIBUTIONAL IMPLICATIONS FOR US WORKERS IN A LOW CARBON ECONOMY | $85,000 |
Chestnut Hill, MA PURPOSE: RESEARCH - DO MORTGAGE LENDERS COMPETE LOCALLY? IMPLICATIONS FOR CREDIT ACCESS | $85,000 |
Evanston, IL PURPOSE: RESEARCH - UNEQUAL PROTECTIONS: REGIONAL DISPARITIES IN LABOR STANDARDS POLICIES, ENFORCEMENT, AND VIOLATIONS | $85,000 |
New York, NY PURPOSE: RESEARCH - SCHOOL-TO-WORK PATHWAY AND RACIAL/ETHNIC INEQUALITY AMONG COLLEGE GRADUATES | $82,000 |
New York, NY PURPOSE: RESEARCH - WHICH POLICIES ARE EFFECTIVE AT REDUCING RACIAL DIFFERENCES IN THE INTERGENERATIONAL TRANSMISSION OF POVERTY? | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Washington Center For Equitable Growth Inc has recieved totaling $8,550,014.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $3,000,000 |
Sandler Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $1,500,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $1,000,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $1,000,000 |
The Jpb Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: U.S. ECONOMIC MOBILITY & OPPORTUNITY | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
Economic Policy Institute Washington, DC | $19,510,723 | $16,459,436 |
Washington Center For Equitable Growth Inc Washington, DC | $11,979,868 | $8,578,592 |
The Economic Club Of Washington Dc Washington, DC | $12,647,182 | $5,525,813 |
Better Markets Inc Washington, DC | $2,865,112 | $2,225,155 |
Partnership For A New American Economy Research Fund Inc Washington, DC | $0 | $2,102,379 |
The Institute For Financial Markets Washington, DC | $6,341,875 | $527,039 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |
Maryland Center On Economic Policy Inc Baltimore, MD | $515,217 | $676,248 |
International Freedom Educational Foundation Mc Lean, VA | $100,274 | $526,748 |
Council On Economic Education In Maryland Towson, MD | $797,975 | $596,282 |
Project Invest Alexandria, VA | $643,258 | $522,186 |