Georgetown Partnership INC FY2023 filing

Not tax-deductible

Washington, DC501(c)(6)EIN 52-2023786Revenue $5.3M in FY2023

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

$645K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2023 · 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
$645K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 9.8 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
$3.0M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
34
of 34 voting members
Looks good: 34 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+5% vs prior year
Spent
$5.7M
To programs
0%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$5.3M
FY2023▲ +5%
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
$5.7M
FY2023▲ +6%
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
$3.2M
FY2023▼ -14%
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 FY2023 Form 990 (year ending September 2023) · 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

38 people listed on the 990; $645K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Executive Officer
$266,407Pt VII · Sec A
Director of Marketing
$204,362Pt VII · Sec A
Vice President of Operations
$174,189Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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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3 programs · in their own filed words · FY2022
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$74K
Money outPt IX
$5.7M
Ln 25
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$6.2M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
38
listed · VII A
PaidVII A3
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$74K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$484K
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$4.7M
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$250K
Total assetsLn 16$6.2M
LiabilitiesLn 26$3.0M
Net assetsLn 32$3.2M
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 FY23End FY23
Cash and savingsLn 1–2$5.4M$4.7M
Land, buildings, equipmentLn 10c$1.3M$1.0M
Total assetsLn 16$7.2M$6.2M
LiabilitiesLn 26$3.5M$3.0M
Net assetsLn 32$3.7M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$305K
Pay of current officers, directors and key staffLn 5$301K
Other salaries and wagesLn 7$1.3M
Pension plan contributionsLn 8$52K
Other employee benefitsLn 9$116K
Payroll taxesLn 10$119K
Legal feesLn 11b$650
Accounting feesLn 11c$7K
Other fees for servicesLn 11g$17K
Office expensesLn 13$104K
OccupancyLn 16$165K
TravelLn 17$683
Conferences, conventions and meetingsLn 19$49K
Depreciation, depletion and amortizationLn 22$157K
InsuranceLn 23$17K
Other expenses (24a–d)Ln 24$3.0M$3.0M
All other expensesLn 24e$14K
Total functional expensesLn 25$5.7M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.3M$5.7M−$335K$2.8M 990 PDF
FY2023 Viewing $5.3M$5.7M−$456K$3.2M 990 PDF
FY2022 $5.0M$5.4M−$377K$3.7M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $5,263,559 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $5,004,264$5,189,115
I-10 Investment incomePrior year $23,839$74,444
I-11 Other revenue$0
I-12 Total revenuePrior year $5,028,103$5,263,559
I-13 Grants and similar amounts paid$305,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,750,650$1,912,717
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,654,577$3,501,755
I-18 Total expensesPrior year $5,405,227$5,719,472
I-19 Revenue less expensesPrior year −$377,124−$455,913
Part VI · Governance 34 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members34
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 $5,263,559 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,189,115$5,189,115
VIII-3 Investment incomeExcluded from tax $74,444$74,444
VIII-12 Total revenueRelated to mission $5,189,115 · Unrelated business $0 · Excluded from tax $74,444$5,263,559
Part IX · Statement of functional expenses $5,719,472 across 17 lines filed
IX-1 Grants to domestic organizations$305,000
IX-5 Pay of current officers, directors and key staff$301,421
IX-7 Other salaries and wages$1,323,892
IX-8 Pension plan contributions$52,183
IX-9 Other employee benefits$116,308
IX-10 Payroll taxes$118,913
IX-11b Legal fees$650
IX-11c Accounting fees$6,538
IX-11g Other fees for services$17,421
IX-13 Office expenses$103,997
IX-16 Occupancy$164,884
IX-17 Travel$683
IX-19 Conferences, conventions and meetings$49,084
IX-22 Depreciation, depletion and amortization$156,998
IX-23 Insurance$17,217
IX-24 Other expenses (24a–d)Programs $2,970,414$2,970,414
IX-24e All other expenses$13,869
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$5,719,472
Part X · Balance sheet $6,191,510 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $504,692$484,159
X-2 Savings and temporary cash investmentsStart of year $4,880,327$4,175,982
X-4 Accounts receivableStart of year −$22,076$151,222
X-9 Prepaid expenses and deferred chargesStart of year $141,071$106,676
X-10c Land, buildings and equipment, netStart of year $1,325,248$1,023,222
X-15 Other assetsStart of year $333,511$250,249
X-16 Total assetsStart of year $7,162,773$6,191,510
X-17 Accounts payable and accrued expensesStart of year $817,894$434,661
X-19 Deferred revenueStart of year $2,626,823$2,592,114
X-25 Other liabilitiesStart of year $49,260$7,432
X-26 Total liabilitiesStart of year $3,493,977$3,034,207
X-27 Net assets without donor restrictionsStart of year $3,668,796$3,157,303
X-32 Total net assets or fund balancesStart of year $3,668,796$3,157,303
X-33 Total liabilities and net assetsStart of year $7,162,773$6,191,510
Part XI · Reconciliation of net assets $3,157,303 net assets at year end
XI-1 Total revenue$5,263,559
XI-2 Total expenses$5,719,472
XI-3 Revenue less expenses−$455,913
XI-4 Net assets at start of year$3,668,796
XI-8 Prior period adjustments−$55,580
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,157,303

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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