2023-07-26T10:42:08-05:00 2022-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-01-01 530162570 GREATER WASHINGTON BOARD OF TRADE GREA 2028575900 800 CONNECTICUT AVE NW 1001 WASHINGTON DC 20006 JACK C MCDOUGLE PRESIDENT & CEO 2028575900 2023-07-26 1 JACK MCDOUGLE 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACK C MCDOUGLE 800 CONNECTICUT AVE NW 1001 WASHINGTON DC 20006 3723561 0 X WWW.BOT.ORG X 1889 DC SEE PART III, LINE 1. 87 86 16 100 0 0 510799 852525 2311383 2866840 798 4196 17483 0 2840463 3723561 0 0 0 0 1802343 2150567 0 0 0 870199 1294266 2672542 3444833 167921 278728 1928129 2299196 2268866 2361205 -340737 -62009 THE GREATER WASHINGTON BOARD OF TRADE LEADS THE BUSINESS COMMUNITY IN ADVANCING A VIBRANT REGIONAL ECONOMY. 0 0 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. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 16 1 0 0 0 0 1 1 0 0 0 X 87 86 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X MARY ZARELLA 2028575900 800 CONNECTICUT AVE NW 1001 WASHINGTON DC 20006 JACK MCDOUGLE PRESIDENT & CEO 37.50 X X 537536 0 41384 KEITH HENNESEY CHAIR 2.31 X X 0 0 0 JERMAINE JOHNSON CHAIR-ELECT 2.31 X X 0 0 0 MARTY RODGERS SECRETARY 2.31 X X 0 0 0 CECILIA HODGES TREASURER 2.31 X X 0 0 0 NORA GARDNER ASSISTANT SECRETARY 2.31 X X 0 0 0 MARC BLAKEMAN ASSISTANT TREASURER 2.31 X X 0 0 0 STEVE PROCTOR ASSISTANT TREASURER 2.31 X X 0 0 0 JOHN STALFORT GENERAL COUNSEL 2.31 X X 0 0 0 ANTHONY LEWIS EXECUTIVE COMMITTEE 0.77 X 0 0 0 ANTHONY PIERCE EXECUTIVE COMMITTEE 0.77 X 0 0 0 BLUE JENKINS EXECUTIVE COMMITTEE 0.77 X 0 0 0 COURTNEY SPAETH EXECUTIVE COMMITTEE 0.77 X 0 0 0 DAVID STRAUT EXECUTIVE COMMITTEE 0.77 X 0 0 0 ELIZABETH LEWIS EXECUTIVE COMMITTEE 0.77 X 0 0 0 EVELYN LEE EXECUTIVE COMMITTEE 0.77 X 0 0 0 JEREMY BLANK EXECUTIVE COMMITTEE 0.77 X 0 0 0 JOHN DANCY EXECUTIVE COMMITTEE 0.77 X 0 0 0 KARMEN RAJAMANI EXECUTIVE COMMITTEE 0.77 X 0 0 0 KENNETH SAMET EXECUTIVE COMMITTEE 0.77 X 0 0 0 LAWRENCE DI RITA EXECUTIVE COMMITTEE 0.77 X 0 0 0 MICHAEL POLICICCHIO EXECUTIVE COMMITTEE 0.77 X 0 0 0 PATRICIA STEIS EXECUTIVE COMMITTEE 0.77 X 0 0 0 PAUL STIMERS EXECUTIVE COMMITTEE 0.77 X 0 0 0 ROSIE ALLEN-HERRING EXECUTIVE COMMITTEE 0.77 X 0 0 0 SUSAN LACZ EXECUTIVE COMMITTEE 0.77 X 0 0 0 TIM GILLIS EXECUTIVE COMMITTEE 0.77 X 0 0 0 TYLER ANTHONY EXECUTIVE COMMITTEE 0.77 X 0 0 0 ADAM OSTRACH BOARD MEMBER 0.19 X 0 0 0 AJAY VINZE BOARD MEMBER 0.19 X 0 0 0 ALEX ORFINGER BOARD MEMBER 0.19 X 0 0 0 ANDREW FLAGEL BOARD MEMBER 0.19 X 0 0 0 ANUJ MEHOTRA BOARD MEMBER 0.19 X 0 0 0 BETH JOHNSON BOARD MEMBER 0.19 X 0 0 0 BILL EISIG BOARD MEMBER 0.19 X 0 0 0 BRAD FLICKINGER BOARD MEMBER 0.19 X 0 0 0 BRIAN MCVAY BOARD MEMBER 0.19 X 0 0 0 BRIAN PIENINCK BOARD MEMBER 0.19 X 0 0 0 BRYAN PYNCHON BOARD MEMBER 0.19 X 0 0 0 CALEB VULJANIC BOARD MEMBER 0.19 X 0 0 0 CARY HATCH BOARD MEMBER 0.19 X 0 0 0 CATHERINE MELOY BOARD MEMBER 0.19 X 0 0 0 CORBY LAWRENCE BOARD MEMBER 0.19 X 0 0 0 DALE KOPNITSKY BOARD MEMBER 0.19 X 0 0 0 DARRYLL PINES BOARD MEMBER 0.19 X 0 0 0 DAVE DACQUINO BOARD MEMBER 0.19 X 0 0 0 DAVE GREEN BOARD MEMBER 0.19 X 0 0 0 DAVID WHITESONE BOARD MEMBER 0.19 X 0 0 0 DENIS DUNN BOARD MEMBER 0.19 X 0 0 0 DERRICK PERKINS BOARD MEMBER 0.19 X 0 0 0 DIANE HOSKINS BOARD MEMBER 0.19 X 0 0 0 DIRK HAIRE BOARD MEMBER 0.19 X 0 0 0 ED GRENIER BOARD MEMBER 0.19 X 0 0 0 ERNIE JARVIS BOARD MEMBER 0.19 X 0 0 0 ETHAN SELZER BOARD MEMBER 0.19 X 0 0 0 EVAN KRAUS BOARD MEMBER 0.19 X 0 0 0 GREG WALLIG BOARD MEMBER 0.19 X 0 0 0 IRMA BECERRA BOARD MEMBER 0.19 X 0 0 0 JAMES CORNELSEN BOARD MEMBER 0.19 X 0 0 0 JAY GRAUBERGER BOARD MEMBER 0.19 X 0 0 0 JAY FARRAR BOARD MEMBER 0.19 X 0 0 0 JOE OCHIPINTI BOARD MEMBER 0.19 X 0 0 0 JOHN POTTER BOARD MEMBER 0.19 X 0 0 0 KEVIN SMITHSON BOARD MEMBER 0.19 X 0 0 0 KURT NEWMAN BOARD MEMBER 0.19 X 0 0 0 LORRAINE LAVET BOARD MEMBER 0.19 X 0 0 0 LYLES CARR BOARD MEMBER 0.19 X 0 0 0 MARIO ACOSTA-VELEZ BOARD MEMBER 0.19 X 0 0 0 MELONIE JOHNSON BOARD MEMBER 0.19 X 0 0 0 MICHAEL AKIN BOARD MEMBER 0.19 X 0 0 0 MICHELE BLACKWELL BOARD MEMBER 0.19 X 0 0 0 MICHELLE DANDENEAU BOARD MEMBER 0.19 X 0 0 0 MIKE CARNEY BOARD MEMBER 0.19 X 0 0 0 MISTY ALLEN BOARD MEMBER 0.19 X 0 0 0 MONICA DALWADI BOARD MEMBER 0.19 X 0 0 0 MONICA SCHMUDE BOARD MEMBER 0.19 X 0 0 0 NAPO WOLAK BOARD MEMBER 0.19 X 0 0 0 PATRICIA MAGUIRE BOARD MEMBER 0.19 X 0 0 0 RADHA MUTHIAH BOARD MEMBER 0.19 X 0 0 0 RANDY CLARKE BOARD MEMBER 0.19 X 0 0 0 RICKY SMITH BOARD MEMBER 0.19 X 0 0 0 RUTH WILLIAMS-BRINKLEY BOARD MEMBER 0.19 X 0 0 0 SCOTT FRISCH BOARD MEMBER 0.19 X 0 0 0 STEVE SKINNER BOARD MEMBER 0.19 X 0 0 0 STEVE HEGER BOARD MEMBER 0.19 X 0 0 0 TERRY KENNY BOARD MEMBER 0.19 X 0 0 0 WK WISEMAN BOARD MEMBER 0.19 X 0 0 0 GEORGE LONGWELL VP OF ENGAGEMENT 37.50 X 217884 0 9373 JESSICA SHEHADI GENERAL MANAGER 37.50 X 178616 0 13981 DANIEL FLORES VP REGIONAL GOVERNMENT RELATIONS 37.50 X 164797 0 17806 ASHLEY BALIS SVP STRATEGY 37.50 X 119271 0 17270 1218104 0 99814 5 0 1 0 0 288475 564050 852525 MEMBERSHIP DUES 900099 2762400 2762400 PROGRAM PARTICIPATION 900099 104440 104440 2866840 4196 4196 3723561 2866840 0 4196 578920 1314431 50560 87523 119133 25405 6093 154507 55017 87727 410989 6965 421897 9826 41722 33422 SUBS., BOOKS & DUES 16488 CREDIT CARD FEES 12669 STAFF EXPENSE 7702 COMMITTEE EXPENSE 3837 3444833 X 1376158 1147642 301107 501107 65808 64557 59791 62708 602843 545892 89265 56951 36000 466231 1928129 2299196 96741 115507 1443428 1453843 198328 150000 150000 380369 641855 2268866 2361205 X -340737 -62009 -340737 -62009 1928129 2299196 278728 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 2762400 362034 -150035 211999 690600 -478601 191519 164418 27101 249919 238126 11793 161405 143348 18057 56951 DEPOSITS 36000 RIGHT-OF-USE ASSET 427796 DUE FROM RELATED PARTIES 2435 466231 LEASE LIABILITY 641855 641855 X 3811956 88395 88395 3723561 0 3723561 3536087 88395 2859 91254 3444833 0 3444833 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATIONS HAVE DOCUMENTED THEIR CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAVE DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATION INCLUDED ON THE CONSOLIDATED FINANCIAL STATEMENTS AND EXCLUDED FROM 990 REPORTING. 2,859. X X X 0 0 0 JACK MCDOUGLE PRESIDENT & CEO 392755 0 144781 0 0 0 13725 0 27659 0 578920 0 0 0 GEORGE LONGWELL VP OF ENGAGEMENT 211584 0 6300 0 0 0 9373 0 0 0 227257 0 0 0 JESSICA SHEHADI GENERAL MANAGER 166616 0 12000 0 0 0 8203 0 5778 0 192597 0 0 0 DANIEL FLORES VP REGIONAL GOVERNMENT RELATIONS 159797 0 5000 0 0 0 7683 0 10123 0 182603 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE ORGANIZATION'S CPA, THE CEO, THE TREASURER AND THE BOARD FINANCE COMMITTEE BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD OF DIRECTORS DELEGATED POWERS ANNUALLY SIGNS A COI STATEMENT. IF THE CONFLICT OF INTEREST INVOLVES A FINANCIAL INTEREST TO THE INTERESTED PERSON, AND IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE EXECUTIVE COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF AFTER HEARING THE INTERESTED PERSONS RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE EXECUTIVE COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE ORGANIZATION'S CEO IS DETERMINED BY THE GOVERNANCE COMMITTEE, WHICH MEETS ONCE PER YEAR, BY USING COMPARABLE DATA AND IS DOCUMENTED IN THE BOARD MINUTES. THE GOVERANCE COMMITTEE REVIEWS CEO PERFORMANCE AND DETERMINES BONUS COMPENSATION. THE CEO'S LATEST COMPENSATION REVIEW TOOK PLACE ON DECEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X, LINE 24: ON AUGUST 2, 2020, THE ORGANIZATIONS RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $150,000, UNDER THE ECONOMIC INJURY DISASTER LOAN (EIDL) PROGRAM ADMINISTERED BY THE SMALL BUSINESS ADMINISTRATION (SBA). THE PROMISSORY NOTE CALLS FOR MONTHLY PAYMENTS OF $641, COMPRISING BOTH PRINCIPAL AND INTEREST PAYMENTS, OVER THE 30-YEAR TERM OF THE PROMISSORY NOTE, WITH A DEFERRAL OF PAYMENTS FOR THE FIRST TWELVE MONTHS, SUBSEQUENTLY INCREASED TO THE FIRST THIRTY MONTHS. THE LOAN INTEREST RATE IS 2.75% PER ANNUM. GREATER WASHINGTON BOARD OF TRADE FOUNDATION 800 CONNECTICUT AVE NW SUITE 1001 WASHINGTON DC 20006 526062921 EDUCATIONAL & CHARITABLE PROGRAMS DC 501(C)(3) LINE 7 GREATER WASHINGTON BOARD OF TRADE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 GREATER WASHINGTON BOARD OF TRADE FOUNDATION P 2859 INVOICE