Overview
What is Washington Dc Economic Partnership?
The Washington D.C. Economic Partnership (WDCEP) is a public-private organization situated in Washington, D.C., with a primary mission to stimulate commerce within the district. They are recognized as a key player in attracting new businesses, offering services to growing companies, and fostering business relationships among corporate, civic, and government sectors. WDCEP's 501(c)(3) structure allows it to collaborate with various factors impacting site selection, job creation, and community development, with a particular focus on underprivileged and emerging neighborhoods. Through its research and marketing capabilities, WDCEP facilitates growth opportunities by showcasing innovative communities, mentoring technology startups, and bringing together the interests of retail, mixed-use, professional services, and commercial development in Washington, D.C. Their Business Development Program aims to facilitate business development, attraction, expansion, and retention within the district's core economies. WDCEP's initiatives include the DC Doing Business Guide, DC Neighborhood Profile, and DC Business Chat Speakers Series, all designed to support small businesses and entrepreneurship in the city. With a team of 19 dedicated employees, WDCEP works tirelessly to enhance the economic vitality of Washington, D.C.
Official website here: www.wdcep.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Washington DC Economic Partnership has received a Three-Star rating from Charity Navigator, indicating solid performance in accountability and finance. With an overall score of 81%, the charity demonstrates a strong commitment to transparency and responsible financial practices, reflecting an organization that effectively manages its resources.
Strengths of the organization include a fully independent board composed of 36 members and a robust audit and oversight committee. The organization scores exceptionally well across various accountability metrics, such as having no material diversion of assets and maintaining comprehensive policies on conflict of interest and whistleblower protections. Their program expense ratio of 78.55% highlights a focus on programmatic spending, ensuring that a significant portion of funds directly supports their initiatives.
While the organization has excelled in accountability, the rating is based solely on financial metrics, which may not capture the full scope of its impact or effectiveness in achieving its mission. Potential donors may want to consider additional factors such as program outcomes and community feedback when evaluating the partnership's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Washington Dc Economic Partnership?
While the Washington DC Economic Partnership has not yet garnered ratings from a larger pool of users, the four reviews available provide a positive snapshot of their community presence. Reviewers describe the organization as friendly, helpful, and inclusive, emphasizing a sense of unity within its initiatives.
The overall sentiment reflects a commendable reputation for creating a welcoming environment. Those who have interacted with the nonprofit appreciate the commitment to making a positive impact in the community.
In summary, the Washington DC Economic Partnership showcases a promising foundation with affirmations of its approachability and supportiveness, suggesting that it is on the right track in fulfilling its mission.
This AI summary has been generated from reviews found on Facebook.
Is Washington Dc Economic Partnership legitimate?
Washington Dc Economic Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Dc Economic Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $197,855
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,016,134
For more financial information, click here
Official website here: www.wdcep.com
What is the mission statement of Washington Dc Economic Partnership?
The Washington D.C. Economic Partnership is a public-private organization committed to expanding commerce within its jurisdiction. Its primary goal is to attract new businesses, provide services to growth companies, and strengthen economic vitality by forging relationships between corporate, civic, and government sectors. The organization's 501(c)(3) structure allows it to collaborate with various factors impacting site selection, job creation, and community development, with a particular focus on underserved and emerging neighborhoods.
The organization showcases innovative communities, mentors technology startups, and brings together the interests of retail, mixed-use, professional services, and commercial development. It utilizes its best-in-class research and marketing capabilities to facilitate growth opportunities, providing essential information for relocating, starting, and expanding businesses through resources like the DC Doing Business Guide and DC Neighborhood Profile. The DC Business Chat Speakers Series supports its small business and entrepreneurship initiative, offering access to industry leaders and networking opportunities.
In summary, the Washington D.C. Economic Partnership is dedicated to fostering business growth, attracting new companies, and supporting existing ones, with a focus on strengthening underserved neighborhoods and promoting economic development within the community.
Official website here: www.wdcep.com
Who is the CEO of Washington Dc Economic Partnership?
Chad Shuskey is the Co Chair of Washington Dc Economic Partnership.
Official website here: www.wdcep.com
What is the revenue of Washington Dc Economic Partnership?
Washington Dc Economic Partnership's revenue in 2022 was $3,971,940.
Official website here: www.wdcep.com
Who are the executives of Washington Dc Economic Partnership and what are their salaries?
The average compensation at Washington Dc Economic Partnership during 2022 was $63,894. There are 19 employees and 45 volunteers at Washington Dc Economic Partnership.
Here are 39 key members and their salaries:
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Official website here: www.wdcep.com
Where can I find the form 990 for Washington Dc Economic Partnership?
Washington Dc Economic Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wdcep.com
Learn more at the official website: www.wdcep.com
Mission Statement of Washington Dc Economic Partnership
The Washington D.C. Economic Partnership is a public-private organization with a mission to expand commerce within the District of Columbia. Dedicated to strengthening the economic vitality of the city, this organization serves as a bridge between corporate, civic, and government sectors. Its 501(c)(3) structure allows it to collaborate with various constituents affecting site selection, job creation, and community development, particularly focusing on underserved and emerging neighborhoods.
The Washington D.C. Economic Partnership is at the forefront of attracting new businesses and providing services to growth companies within the district. Its mission is achieved through various initiatives, such as its research and marketing capabilities, which showcase innovative communities, mentor technology startups, and bring together the interests of retail, mixed-use, professional services, and commercial development in Washington D.C. The organization's activities are diverse, ranging from facilitating business development, attraction, expansion, and retention in the district's core economies to offering resources like the DC Doing Business Guide, DC Neighborhood Profile, and DC Business Chat Speakers Series to support entrepreneurs and small businesses.
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Impact
October, 2024
The Washington, DC Economic Partnership plays a vital role in enhancing the economic landscape of the District of Columbia. By actively seeking to expand commerce, it attracts new businesses while supporting the growth of existing companies. This impact is particularly significant in strengthening relationships between the corporate, civic, and government sectors, which is essential for fostering economic vitality.
Through targeted initiatives, the Partnership focuses on business development, making it easier for companies to relocate, start, or expand within the district. Programs such as the DC Doing Business Guide and the DC Neighborhood Profile offer invaluable resources for entrepreneurs, paving the way for informed decision-making regarding new ventures. Additionally, the DC Business Chat Speakers Series creates networking opportunities that connect small business owners with industry leaders, further stimulating local entrepreneurship.
The Partnership is especially committed to improving underserved and emerging neighborhoods, ensuring that all areas of Washington, DC benefit from economic growth. By leveraging its research and marketing capabilities, it highlights innovative communities and fosters an environment conducive to mixed-use and commercial development. This comprehensive approach not only enhances the business climate but also promotes community development, making Washington, DC a more attractive place for residents and businesses alike.
This information is meant to be a general summary of Washington Dc Economic Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $268
- Program Service Revenue: $687,901
- Gross Receipts: $3,971,940
Assets and Liabilities:
- Total Assets: $1,470,520
- Total Liabilities: $1,261,047
- Net Assets: $209,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIP INCOME
Revenue
$687,901
Organization Details
Founding Year
2001
Phone
(202) 661-8670Principal Officer
Chad Shuskey
Main Address
1495 F ST NW, WASHINGTON, DC, 20004
Website
www.wdcep.comNTEE Category
Code: S30 - Community improvement
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