Overview
What is The Economic Club Of Washington Dc?
The Economic Club of Washington D.C. is a distinguished nonprofit organization situated at 1601 K Street NW, Washington D.C. 20006. Their primary mission is to serve as a platform for the examination and dialogue of crucial economic, business, and political issues. They aim to foster regional comprehension of national and international economic matters among the region's business, professional, governmental, and international leadership. The club actively supports the local business community by creating opportunities for education and employment, thereby strengthening the broader community as a whole. In addition to its forum role, The Economic Club of Washington D.C. also offers a robust scholarship program. The scholarship awards up to 55 college scholarships worth $20,000 each to outstanding Washington, D.C., public and charter high school seniors based on academic achievement and various factors. Selected scholars receive extensive support, including mentoring, summer jobs, and seminars, designed to promote successful college graduation and job opportunities. Furthermore, up to 3 fellowships worth $10,000 are granted to previous scholarship winners to support graduate-level study in various disciplines. The organization is led by a dedicated workforce of 19 individuals.
Official website here: www.economicclub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Economic Club of Washington DC has achieved a 97% score on Charity Navigator, reflecting a strong commitment to accountability and finance. This high rating underscores the organization’s effective management practices, with an independent board composed entirely of 50 members, and rigorous oversight mechanisms in place.
Strengths noted include exemplary financial transparency, with no material diversion of assets reported and a high program expense ratio of 76.88%, indicating that a substantial portion of funds is directed towards its mission. Furthermore, the organization demonstrates excellent efficiency in fundraising, with a minimal cost of $0.07 to raise a dollar, showcasing its effective use of resources.
Overall, The Economic Club of Washington DC exhibits strong governance practices and a solid financial health profile, making it a reliable organization for potential donors and stakeholders. There are no significant limitations reported in the data, highlighting its effective operational standards.
This AI summary has been generated from information found on Charity Navigator.
Is The Economic Club Of Washington Dc legitimate?
The Economic Club Of Washington Dc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Economic Club Of Washington Dc 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: $1,539,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,171
For more financial information, click here
Official website here: www.economicclub.org
What is the mission statement of The Economic Club Of Washington Dc?
The Economic Club of Washington D.C. is established with a mission to serve as a platform for examining and debating current economic, business, and political issues. Its primary goal is to foster a deeper understanding of national and international economic matters among the region's influential business, professional, governmental, and international leadership. The club plays a significant role in the community by supporting its business sector, aiming to enhance the larger community through initiatives that promote education and employment opportunities.
Official website here: www.economicclub.org
Who is the CEO of The Economic Club Of Washington Dc?
Mary Brady is the CEO of The Economic Club Of Washington Dc The CEO's salary of The Economic Club Of Washington Dc is $557,951 and their total compensation is $627,743.
Official website here: www.economicclub.org
What is the revenue of The Economic Club Of Washington Dc?
The Economic Club Of Washington Dc's revenue in 2024 was $7,864,489.
Official website here: www.economicclub.org
Who are the executives of The Economic Club Of Washington Dc and what are their salaries?
The average compensation at The Economic Club Of Washington Dc during 2024 was $37,578. There are 55 employees and 49 volunteers at The Economic Club Of Washington Dc.
Here are 56 key members and their salaries (The Economic Club Of Washington Dc's CEO's salary is $557,951 and their total compensation is $627,743):
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Official website here: www.economicclub.org
Where can I find the form 990 for The Economic Club Of Washington Dc?
The Economic Club Of Washington Dc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.economicclub.org
Learn more at the official website: www.economicclub.org
Mission Statement of The Economic Club Of Washington Dc
The Economic Club of Washington D.C. serves as a platform for the exploration and debate of contemporary economic, business, and public policy matters. Their primary objective is to foster a deeper understanding of national and international economic issues among the region's influential leaders, encompassing the business, professional, governmental, and international sectors. This esteemed organization plays a significant role in the region, championing its business community by creating opportunities for education and employment. By doing so, they contribute positively to the larger community, enhancing its overall strength and development.
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Impact
July, 2024
The Economic Club of Washington DC plays a significant role in fostering informed discussions on current economic, business, and public policy issues. Through its scholarship programs, the organization supports the academic achievements of high school seniors in Washington, DC, providing financial assistance and guidance to enhance their success in college and future job opportunities. By offering these opportunities to local students, the Economic Club contributes to the development of a well-educated and skilled workforce in the region. Additionally, the club's forums and events serve as platforms for leaders from various sectors to engage in dialogue and promote a better understanding of economic issues at the regional, national, and international levels. This engagement not only benefits the business community but also strengthens the larger community by creating avenues for education and employment opportunities.
This information is meant to be a general summary of The Economic Club Of Washington Dc. 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 2024.
- Investment Income: $488,012
- Program Service Revenue: $3,830,165
- Gross Receipts: $8,078,979
Assets and Liabilities:
- Total Assets: $13,318,096
- Total Liabilities: $3,306,007
- Net Assets: $10,012,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership dues
Revenue
$2,869,615
Sponsorship revenue
Revenue
$697,045
MEETINGS REVENUE
Revenue
$263,505
Organization Details
Founding Year
1986
Principal Officer
Philip De Picciotto
Website
www.economicclub.orgNTEE Category
Code: V20 - Social research
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