Committee For Economic Development in Washington, District of Columbia (DC)

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Committee For Economic Development
Employer Identification Number (EIN)131623973
Name of OrganizationCommittee For Economic Development
Address2000 L St Nw Ste 700, Washington, DC 20036-4915
ActivitiesOther school related activities, Library
SubsectionEducational Organization
Ruling Date03/1946
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,234,764
Amount of Income$3,611,005
Form 990 Revenue Amount$3,458,512
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Research Institutes and/or Public Policy Analysis


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Amount of income in 2012: $3,611,005 (it was $4,137,511 in 2011)
Committee For Economic Development: 

 $3,611,005
Other organizations performing similar types of work: 

 $43,044

Assets in 2012: $3,234,764 (it was $3,902,641 in 2011)
Committee For Economic Development: 

 $3,234,764
Other organizations performing similar types of work: 

 $38,228

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$4,137,511
Contributions, Gifts, Grants and Other Similar Amounts$4,106,474
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$31,037
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$4,897,971
Compensation of current officers, directors, trustees, and key employees$1,343,990
Other salaries and wages$930,938
Payroll taxes$129,961
Professional fundraising services$0
Other$2,493,082
Balance Sheet (for 2011)
Total assets$3,902,641
Total liabilities$989,107
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$989,107
Total net assets or fund balances$2,913,534
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$21,677,718
Gifts, grants, contributions, and membership fees received$21,347,423
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$330,295
Gross receipts from related activities, etc.$45,983
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Committee For Economic Development2000 L St Nw Ste 700, Washington, DC 20036-4915DC1946-03$3,611,005
2Mba Tech Connection IncPO BOX 5769, Charlottesvle, VA 22905-5769VA2002-07$6,025
3Alliance For Sustainable Jobs And Environment Educational Project920 Samoa Blvd Ste 210, Arcata, CA 95521-6696CA2001-04$0
Number of organizations performing similar types of work
California2
District of Columbia2
Michigan1
Missouri1
New Hampshire1
New York1
Virginia1
Washington1
Total10

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