2024-07-24T08:41:33-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 530162570 GREATER WASHINGTON BOARD OF TRADE GREA 2028575900 800 CONNECTICUT AVE NW 1001 WASHINGTON DC 20006 JACK C MCDOUGLE PRESIDENT & CEO 2028575900 2024-07-24 1 JACK MCDOUGLE 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z JACK C MCDOUGLE 800 CONNECTICUT AVE NW 1001 WASHINGTON DC 20006 3694359 0 X WWW.BOT.ORG X 1889 DC SEE PART III, LINE 1. 88 87 15 86 0 0 852525 773900 2866840 2909830 4196 9796 0 833 3723561 3694359 0 0 0 0 2150567 2388972 0 0 0 1294266 1281656 3444833 3670628 278728 23731 2299196 1365252 2361205 1405965 -62009 -40713 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 0 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 15 1 0 0 0 0 1 1 0 0 0 X 88 87 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 479018 0 36437 JERMAINE JOHNSON CHAIR 2.31 X X 0 0 0 STEVE PROCTOR CHAIR ELECT 2.31 X X 0 0 0 MARTY RODGERS SECRETARY 2.31 X X 0 0 0 NORA GARDNER ASSISTANT SECRETARY 2.31 X X 0 0 0 CECILIA HODGES TREASURER 2.31 X X 0 0 0 EVELYN LEE ASSISTANT TREASURER 2.31 X X 0 0 0 JEREMY BLANK ASSISTANT TREASURER 2.31 X X 0 0 0 JOHN STALFORT GENERAL COUNSEL 2.31 X X 0 0 0 ADAM OSTRACH 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 DENIS DUNN EXECUTIVE COMMITTEE 0.77 X 0 0 0 ELIZABETH LEWIS EXECUTIVE COMMITTEE 0.77 X 0 0 0 JOHN DANCY EXECUTIVE COMMITTEE 0.77 X 0 0 0 KEITH HENNESEY 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 RUTH WILLIAMS-BRINKLEY 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 AJAY VINZ 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 MEHROTRA BOARD MEMBER 0.19 X 0 0 0 BETH JOHNSON BOARD MEMBER 0.19 X 0 0 0 BRADLEY 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 CHUCK BEAN 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 DAVID DACQUINO BOARD MEMBER 0.19 X 0 0 0 DAVID GREEN BOARD MEMBER 0.19 X 0 0 0 DAVID WHITESTONE 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 ERNEST 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 JACK WHITE BOARD MEMBER 0.19 X 0 0 0 JAMES CORNELSEN BOARD MEMBER 0.19 X 0 0 0 JAMES 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 KARMEN RAJAMANI 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 LINDA RABBITT 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 NAOMI WOLAK BOARD MEMBER 0.19 X 0 0 0 PATRICIA MCGUIRE 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 SCOTT FRISCH BOARD MEMBER 0.19 X 0 0 0 STEPHEN SKINNER BOARD MEMBER 0.19 X 0 0 0 STEVEN 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 WILLIAM EISIG BOARD MEMBER 0.19 X 0 0 0 DANIEL FLORES VP REGIONAL GOVERNMENT RELATIONS 37.50 X 164487 0 19754 GEORGE LONGWELL VP OF ENGAGEMENT 37.50 X 220084 0 11417 JESSICA SHEHADI GENERAL MANAGER 37.50 X 174544 0 14010 KYLE MCCOLGAN VP REGIONAL GOVERNMENT RELATIONS 37.50 X 151932 0 6559 ASHLEY BALIS SVP STRATEGY 37.50 X 118039 0 17832 1308104 0 106009 7 0 1 0 0 773900 773900 MEMBERSHIP DUES 900099 2775655 2775655 PROGRAM PARTICIPATION 900099 134175 134175 2909830 9796 9796 MISCELLANEOUS 900099 833 833 833 3694359 2909830 0 10629 515455 1551296 49817 136379 136025 30331 60300 182725 50340 66853 390116 8140 356650 7309 40973 35700 SUBS., BOOKS & DUES 23117 STAFF EXPENSE 12742 CREDIT CARD FEES 11603 COMMITTEE EXPENSE 4757 3670628 X 1147642 337736 501107 701107 64557 71105 62708 117320 605025 586248 56951 18777 466231 119207 2299196 1365252 115507 63396 1453843 1099717 150000 146811 641855 96041 2361205 1405965 X -62009 -40713 -62009 -40713 2299196 1365252 23731 -2435 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 2775655 846272 -478601 367671 610644 -242973 191519 186841 4678 252101 242960 9141 161405 156447 4958 18777 DEPOSITS 55948 RIGHT-OF-USE ASSET 63259 119207 LEASE LIABILITY 96041 96041 3824818 100459 30000 130459 3694359 0 3694359 3806446 100459 35359 135818 3670628 0 3670628 PART XI, LINE 2D - OTHER ADJUSTMENTS: REL. ENTITY REV. INCLUDED IN FS AND EXCLUDED FOR 990 REPORTING PURPOSES 30,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: REL. ENTITY EXP. INCLUDED IN FS AND EXCLUDED FOR 990 REPORTING PURPOSES 35,359. X X X 0 0 0 JACK MCDOUGLE PRESIDENT & CEO 414018 0 65000 0 0 0 14850 0 21587 0 515455 0 0 0 GEORGE LONGWELL VP OF ENGAGEMENT 220084 0 0 0 0 0 9833 0 1584 0 231501 0 0 0 JESSICA SHEHADI GENERAL MANAGER 174544 0 0 0 0 0 8010 0 6000 0 188554 0 0 0 DANIEL FLORES VP REGIONAL GOVERNMENT RELATIONS 164487 0 0 0 0 0 7650 0 12104 0 184241 0 0 0 KYLE MCCOLGAN VP REGIONAL GOVERNMENT RELATIONS 151932 0 0 0 0 0 6398 0 161 0 158491 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 2023. 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 5359 INVOICE