Greater Washington Board Of Trade
- Assets
- $1.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Washington, DC
- Founding
- 12/1940
- Data as of
- 12/2021
- EIN
- 53-0162570
Organization Overview
Greater Washington Board Of Trade is located in Washington, DC. The organization was established in 1940. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater Washington Board Of Trade employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Washington Board Of Trade is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Greater Washington Board Of Trade generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Mcdougle President & CEO | OfficerTrustee | 37.5 | $438,679 |
George Longwell VP Of Engagement | 37.5 | $201,584 | |
Jessica Shehadi General Manager | 37.5 | $161,718 | |
Daniel Flores VP Regional Government Relations | 37.5 | $154,942 | |
Kenneth Samet Secretary | OfficerTrustee | 2.31 | $0 |
Keith Hennesey Chair-Elect | OfficerTrustee | 2.31 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $227,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,799 |
| Total Program Service Revenue | $2,311,383 |
| Investment income | $798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,840,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $471,150 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,108,920 |
| Pension plan accruals and contributions | $44,648 |
| Other employee benefits | $72,905 |
| Payroll taxes | $104,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $127,930 |
| Office expenses | $60,942 |
| Information technology | $57,000 |
| Royalties | $0 |
| Occupancy | $383,213 |
| Travel | $1,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,578 |
| Interest | $23,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,227 |
| Insurance | $31,953 |
| All other expenses | $2,495 |
| Total functional expenses | $2,672,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,376,158 |
| Savings and temporary cash investments | $301,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,808 |
| 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 | $59,791 |
| Net Land, buildings, and equipment | $89,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,000 |
| Total assets | $1,928,129 |
| Accounts payable and accrued expenses | $96,741 |
| Grants payable | $0 |
| Deferred revenue | $1,443,428 |
| 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 | $198,328 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $380,369 |
| Total liabilities | $2,268,866 |
| Net assets without donor restrictions | -$340,737 |
| Net assets with donor restrictions | $0 |
| 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 | $1,928,129 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Washington Board Of Trade has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
2030 Group Inc Bethesda, MD PURPOSE: TO SUPPORT RESEARCH ON THE ECONOMIC DEVELOPMENT POLICY WITHIN THE NATIONAL CAPITAL REGION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Trust And Estate Counsel Inc Washington, DC | $7,291,426 | $5,965,924 |
Public Policy Fund Inc Washington, DC | $1,497,724 | $4,785,450 |
Leadership Council On Legal Diversity Inc Richmond, VA | $7,023,795 | $4,176,806 |
Greater Washington Board Of Trade Washington, DC | $1,928,129 | $2,840,463 |
Association Of Clinical Research Organizations Washington, DC | $2,656,292 | $2,241,906 |
Styrene Information And Research Center Inc Towson, MD | $1,447,485 | $1,359,270 |
Payments Leadership Association Washington, DC | $534,883 | $1,750,000 |
Revenue Based Finance Coalition Inc Potomac Falls, VA | $56,846 | $1,351,233 |
Construction Industry Round Table Inc Mc Lean, VA | $1,218,040 | $1,218,712 |
National Homeland Security Association Inc Falls Church, VA | $416,677 | $981,390 |
Maryland Automobile Dealers Association Inc Annapolis, MD | $5,415,430 | $303,685 |
Native American Contractors Association Washington, DC | $646,403 | $725,787 |