Julie C Verratti
Associate Administrator (Departed Administration)
Estimated Net Worth
  • estimated net worth
    Unknown
Salary
  • salary
    Unknown
Employment
  • 03/01/2021 - 08/28/2021
Departed Administration
  • Yes

Financial Disclosure Details - OGE Form 278e

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Denizens Brewing Company
Silver Spring, MD, US
Co-founder, Chief Brand Officer (Inactive, silent owner)
Present
2
Brewers Association
Boulder, CO, US
Member of the Board of Directors, Chair of the Diversity, Equity, and Inclusion Committee
02/28 /2021
3
Brewers Association of Maryland
Baltimore, MD, US
Vice President of the Board of Directors
02/28 /2021

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
(Partnership) Denizens Brewing Comapny Microbrewery and Restaurant
$500,001 - $1,000,000
24% ownership interest
$0.00
2
(Self EI) Denizens Brewing Company Guaranteed payments/salary. Silver Spring, MD, US
Salary
$225,000.00

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
Nothing reported in this section

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
1
Denizens Brewing Company; Silver Spring, MD, US
This was income I earned prior to my start in the federal government. I no longer receive income from this source.

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
(S) (Partnership) Denizens Brewing Comapny Microbrewery and restaurant
$500,001 - $1,000,000
24% ownership interest
$0.00
2
(S) (Spouse EI) Denizens Brewing Company Silver Spring, MD, US

Other Assets and Income

#
Description
Value
Type
Amount
1
(J) (Cash Deposit/Savings) Wells Fargo Silver Spring, MD, US Checking and Savings accounts combined
$50,001 - $100,000
None (or less than $201)
2
(S) (IRA) Vanguard
2.1
(Other) Roll over Roth IRA Vanguard ETF
$15,001 - $50,000
None (or less than $201)

Transactions

#
Description
Type
Date
Amount
Nothing reported in this section

Liabilities

#
Creditor
Amount
Incurred
Term
1
Blair Mill LLC; Silver Spring, MD, US
$500,001 - $1,000,000
2013
Lease term ends on October 31, 2023, which makes the personal guarantee go away at that time.
2
CT Building 4 LLC; Riverdale Park, MD, US
$1,000,001 - $5,000,000
2018
6 years
3
First National Bank of Pennsylvania; Silver Spring, MD, US
$1,000,001 - $5,000,000
2018
10 years
4
Small Business Administration; Washington, DC, US
$100,001 - $250,000
2020
30 years
5
First National Bank of Pennsylvania; Silver Spring, MD, US
$250,001 - $500,000
2021
5 years
6
Mohela/Federal Goverment; Silver Spring, MD, US
$250,001 - $500,000
2010
Until it is paid off

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
8
1
This is a ten year commercial lease. My spouse and I are personal guarantors for the entire lease amount. There are approximately 2 years and 7 months left on the lease. The annual rent is $250,000 per year.
8
2
My spouse and I are personal guarantors on an 11 year commercial lease. The personal guarantee goes away after the first 6 years of the lease, which means this personal guarantee will go away on April 1, 2024.
8
5
This was a second round PPP that my business received in February 2021. We also received a first round PPP loan in 2020, but that was forgiven in February 2021.

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