Overview
What is Federal City Council?
The Federal City Council, established in 1954, is a distinguished nonprofit organization situated in Washington D.C. This esteemed organization brings together the city's top business, educational, and philanthropic leaders to tackle significant challenges and opportunities in the District. As a nonpartisan entity, the Federal City Council collaborates with both local and federal governments to devise and implement solutions to community issues. Acting as a catalyst for progress, its mission is to channel the creativity, talent, and resources of Washington D.C.'s business and professional community towards addressing major challenges facing the district. With a dedicated workforce of 17 individuals, the Federal City Council plays a pivotal role in shaping the future of the city.
Official website here: www.federalcitycouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Federal City Council has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are notable concerns regarding its financial health. The council has perfect scores for its independent board structure and policies related to audit and oversight, showcasing a well-governed organization in those areas.
Despite these strengths, the overall score of 71% reflects issues with financial ratios, particularly a concerning liabilities to assets ratio of 88.32% and a low working capital ratio of only 0.09 years. These metrics suggest potential liquidity problems that could affect the organization's operations and financial stability in the long term.
Additionally, the program expense ratio of 68.16% indicates that a significant portion of their budget is allocated towards programs, which is a positive aspect. However, the fundraising efficiency ratio shows a relatively high cost of raising funds at $0.21 per dollar raised, suggesting room for improvement in fundraising strategies. Overall, while the Federal City Council maintains strong governance practices, its financial challenges warrant attention to ensure sustainability and growth.
This AI summary has been generated from information found on Charity Navigator.
Is Federal City Council legitimate?
Federal City Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federal City Council 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: $913,790
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,523,566
For more financial information, click here
Official website here: www.federalcitycouncil.org
What is the mission statement of Federal City Council?
The Federal City Council serves as a catalyst for progress in a specific city, with the primary mission of harnessing the creativity, talent, and resources of its business and professional community. This organization focuses on major challenges and opportunities facing the city, working collaboratively with both local and federal governments to devise and implement effective solutions to significant community issues. The Federal City Council's activities include involving its 250 members, who are top business, education, and philanthropic leaders, in addressing these issues. As a nonpartisan organization, the council aims to foster a positive impact on the community.
Official website here: www.federalcitycouncil.org
Who is the CEO of Federal City Council?
Anthony Williams is the CEO of Federal City Council The CEO's salary of Federal City Council is $365,224 and their total compensation is $422,257.
Official website here: www.federalcitycouncil.org
What is the revenue of Federal City Council?
Federal City Council's revenue in 2023 was $3,788,268.
Official website here: www.federalcitycouncil.org
Who are the executives of Federal City Council and what are their salaries?
The average compensation at Federal City Council during 2023 was $116,065. There are 21 employees and 266 volunteers at Federal City Council.
Here are 26 key members and their salaries (Federal City Council's CEO's salary is $365,224 and their total compensation is $422,257):
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- Compensation: $365,224
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- Compensation: $187,485
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- Compensation: $118,528
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- Compensation: $151,098
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- Other: $19,541
- Compensation: $164,176
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- Other: $30,485
Official website here: www.federalcitycouncil.org
Where can I find the form 990 for Federal City Council?
Federal City Council's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.federalcitycouncil.org
Learn more at the official website: www.federalcitycouncil.org
Mission Statement of Federal City Council
The Federal City Council serves as a catalyst for progress in Washington D.C., focusing the creativity, talent, and resources of the district's business and professional community on major challenges and opportunities facing the city. Established in 1954, this nonpartisan organization brings together 250 of the district's top business, education, and philanthropic leaders to collaborate with both the District and federal governments. Working together, they devise and implement solutions to important community problems. The Federal City Council's mission is to leverage the collective expertise of its members to drive positive change in Washington D.C., addressing the city's most pressing issues and fostering a more prosperous future for all residents.
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Impact
July, 2024
The Federal City Council serves as a catalyst for progress in the District of Columbia by bringing together top business, education, and philanthropic leaders to focus on major challenges and opportunities facing the city. This nonpartisan organization works with both the District and federal governments to devise and implement solutions to important community problems. Its impact can be seen in the collaborative efforts and resources contributed by its 250 members towards improving the overall welfare and development of Washington, DC.
This information is meant to be a general summary of Federal City Council. 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 2023.
- Investment Income: $7,982
- Program Service Revenue: $100,000
- Gross Receipts: $3,788,268
Assets and Liabilities:
- Total Assets: $2,707,333
- Total Liabilities: $2,391,183
- Net Assets: $316,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$100,000
Organization Details
Founding Year
1954
Principal Officer
Anthony Williams
Website
www.federalcitycouncil.orgNTEE Category
Code: S30 - Community improvement
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