Federal City Council

What it reported doing in 2024

Federal city council (fc2) was organized in 1954 for the purpose of enhancing Washington, dc by serving as a catalyst for progress. The council focuses the creative and administrative talents of the district's business and professional leaders on solving the major problems facing metropolitan dc. Serving as a catalyst for progress, the fc2 focuses the talents of its trusteesmany of Washington, d.c.'s most respected business and professional leaderson major initiatives and civic projects to enhance the vitality and resiliency of the nation's capital. Working collaboratively with public and private sector institutions, the fc2 delivers innovative, achievable solutions to deeply embedded challenges.areas of focus include transportation and infrastructure, economy, education and public private partnerships.transportation and infrastructure - advancing metro and transit innovations. D.c. Needs a functional, reliable transportation system and improving metro is critical in achieving this goal. In an effort to rebuild the infrastructure, metro will embrace innovation and competition to improve its customer experience. Therefore, city and regional leaders must put aside traditional, parochial interests and approaches to work together to achieve best practices for our transportation and infrastructure.economy - prioritizing economic competitiveness and fiscal resiliency. D.c.'s fiscal and economic success is extraordinary, but it is also delicate and easily reversible, particularly given the competitiveness of our region and federal influence over our economy. D.c. Must prioritize economic diversification, innovation, and sensible public policy to maintain its positive trajectory.education - a steadfast commitment to education and workforce excellence. With one of the fastest improving urban school systems in the country the district has much to celebrate. The fc2 continues to prioritize the ingredients of success, emphasized within dc public schools and charter schools, including leadership, human capital, accountability, equitable and sufficient funding, and a focus on our persistent achievement gaps.public private partnerships - activating cutting-edge initiatives for affordable housing and community development. The fc2's most complex problems require creative solutions at the intersection of the district government, the federal government and the private sector. The fc2 is a trusted partner as it facilitates these partnerships to benefit d.c. Residents, whether through the Washington housing initiative or the langston initiative.

Financial Efficiency

• Mission deployment rate: 67.7%; rating input score 68
• Program expense ratio: 67.7%; rating input score 68
• Fundraising efficiency: $4.16 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 93.8%; rating input score 94; 24th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 0.52; rating input score 18; 18th percentile among comparable filings
• Liabilities to assets ratio: 0.75; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 56.5%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: 6.3% per year; rating input score 100; 47th percentile among comparable filings
• Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
• Asset growth: 8% per year; rating input score 100; 50th percentile among comparable filings