Georgetown Partnership INC FY2021 filing

Not tax-deductible

Washington, DC501(c)(6)EIN 52-2023786Revenue $6.1M in FY2021

On file with the IRSgeorgetowndc.com1000 Potomac St Nw Ste 122, 20007-3563 · Washington, DCTax-exempt since Sep 1998

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Bid operations, marketing, public safety and health, and street scape programs designed to enhance business and community conditions

$402K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $110K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$402K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
+17% vs prior year
Spent
$5.2M
To programs
0%
Net assets
$3.8M
By yearFY2020–FY2024
Revenue
$6.1M
FY2021▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$6.1M
FY2022$5.0M
FY2023$5.3M
FY2024$5.3M
Expenses
$5.2M
FY2021▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.4M
FY2021$5.2M
FY2022$5.4M
FY2023$5.7M
FY2024$5.7M
Net assets
$3.8M
FY2021▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.8M
FY2022$3.7M
FY2023$3.2M
FY2024$2.8M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

36 people listed on the 990; $402K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Executive Officer
$240,503Pt VII · Sec A
Director of Marketing
$161,636Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph Sternlieb$301,830$266,407$280,639$240,503$257,947
Nancy Miyahira$204,966$204,362$184,933$161,636$170,743
John Wiebenson$180,270————
Paul Wiebenson—$174,189———
Michael Summey$155,821————
Lauren Boston$133,039————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves business and community conditions through operations, marketing, safety, health, and streetscape programs.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Other program areas include economic development which focuses on collecting and analyzing economic data on the georgetown economy and reporting it to business and government decision makers so they can make better-informed investment decisions in georgetown.

Pt IX · col B
02

Transportation

The transportation program focuses on improving all aspects of the transportation systems serving georgetown. It seeks to reduce vehicle congestion; increase use of transit, bicycles,pedestrian access, and car sharing; improve pedestrian safety; and better communicate all transportation options to, from, and around georgetown.

Pt IX · col B
03

Street Services and Street Scape Programs

Program supported by general bid tax revenues provides daily trash removal from sidewalk and curb areas, leaf and snow removal, grafitti and sticker removal, brick repair, light pole painting, and tree boxmaintenance. Program is staffed by members of the clean team 7 days aweek.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Halcyon HouseFY2020$75K
Total grants receivedfrom 1 funder$75K
Grants paid · 4 grants · $855K · 2019–2023
Georgetown HeritageDC · FY2023$150,000
Georgetown HeritageDC · FY2022$305,000
Georgetown HeritageDC · FY2020$200,000
Georgetown HeritageDC · FY2019$200,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Fees for servicesLn 2g$5.2M
Gifts and grantsLn 1h$888K
Investment incomeLn 3$8K
Money outPt IX
$5.2M
Ln 25
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$7.3M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
36
listed · VII A
PaidVII A2
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$888K
Government grantsLn 1e$888K
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$8K
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$235K
SavingsLn 2$3.0M
Cash and savings togetherLn 1–2$3.2M
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$664K
Total assetsLn 16$7.3M
LiabilitiesLn 26$3.4M
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 515
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.3M$3.2M
InvestmentsLn 11–13$1.5M$1.5M
Land, buildings, equipmentLn 10c$374K$1.3M
Total assetsLn 16$6.2M$7.3M
LiabilitiesLn 26$3.3M$3.4M
Net assetsLn 32$3.0M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200K
Pay of current officers, directors and key staffLn 5$280K
Other salaries and wagesLn 7$1.1M
Other employee benefitsLn 9$185K
Payroll taxesLn 10$103K
Other fees for servicesLn 11g$85K
Office expensesLn 13$124K
OccupancyLn 16$161K
TravelLn 17$223
Conferences, conventions and meetingsLn 19$19K
Depreciation, depletion and amortizationLn 22$209K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$2.4M$2.4M
All other expensesLn 24e$398K
Total functional expensesLn 25$5.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.3M$5.7M−$335K$2.8M 990 PDF
FY2023 $5.3M$5.7M−$456K$3.2M 990 PDF
FY2022 $5.0M$5.4M−$377K$3.7M 990 PDF
FY2021 Viewing $6.1M$5.2M$887K$3.8M 990 PDF
FY2020 $5.2M$4.4M$833K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $6,094,764 revenue, 12 lines filed
I-8 Contributions and grants$888,106
I-9 Program service revenuePrior year $5,188,316$5,198,271
I-10 Investment incomePrior year $33,239$8,387
I-11 Other revenue$0
I-12 Total revenuePrior year $5,221,555$6,094,764
I-13 Grants and similar amounts paidPrior year $200,000$200,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,537,347$1,618,922
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,651,104$3,388,553
I-18 Total expensesPrior year $4,388,451$5,207,475
I-19 Revenue less expensesPrior year $833,104$887,289
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,094,764 across 5 lines filed
VIII-1e Government grants$888,106
VIII-1h Total contributions, gifts and grants$888,106
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,198,271$5,198,271
VIII-3 Investment incomeExcluded from tax $8,387$8,387
VIII-12 Total revenueRelated to mission $5,198,271 · Unrelated business $0 · Excluded from tax $8,387$6,094,764
Part IX · Statement of functional expenses $5,207,475 across 14 lines filed
IX-1 Grants to domestic organizations$200,000
IX-5 Pay of current officers, directors and key staff$279,509
IX-7 Other salaries and wages$1,051,803
IX-9 Other employee benefits$184,572
IX-10 Payroll taxes$103,038
IX-11g Other fees for services$85,399
IX-13 Office expenses$124,280
IX-16 Occupancy$161,100
IX-17 Travel$223
IX-19 Conferences, conventions and meetings$18,538
IX-22 Depreciation, depletion and amortization$208,814
IX-23 Insurance$9,297
IX-24 Other expenses (24a–d)Programs $2,382,569$2,382,569
IX-24e All other expenses$398,333
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$5,207,475
Part X · Balance sheet $7,258,794 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $301,319$234,968
X-2 Savings and temporary cash investmentsStart of year $2,998,739$2,991,805
X-4 Accounts receivableStart of year $94,135$375,793
X-9 Prepaid expenses and deferred chargesStart of year $33,094$125,983
X-10c Land, buildings and equipment, netStart of year $373,703$1,325,248
X-11 Publicly traded securitiesStart of year $1,539,067$1,540,789
X-15 Other assetsStart of year $892,115$664,208
X-16 Total assetsStart of year $6,232,172$7,258,794
X-17 Accounts payable and accrued expensesStart of year $463,434$479,340
X-19 Deferred revenueStart of year $2,689,356$2,613,937
X-24 Unsecured notes and loans payable$231,490
X-25 Other liabilitiesStart of year $119,080$86,436
X-26 Total liabilitiesStart of year $3,271,870$3,411,203
X-27 Net assets without donor restrictionsStart of year $2,960,302$3,847,591
X-32 Total net assets or fund balancesStart of year $2,960,302$3,847,591
X-33 Total liabilities and net assetsStart of year $6,232,172$7,258,794
Part XI · Reconciliation of net assets $3,847,591 net assets at year end
XI-1 Total revenue$6,094,764
XI-2 Total expenses$5,207,475
XI-3 Revenue less expenses$887,289
XI-4 Net assets at start of year$2,960,302
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,847,591

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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