Committee Of Chief Risk Officers Inc
- Assets
- $645.3k
- Revenue
- $434.3k
- Investments
- $0.0
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 20-0249627
Organization Overview
Committee Of Chief Risk Officers Inc is located in The Woodlands, TX. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Committee Of Chief Risk Officers Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Committee Of Chief Risk Officers Inc generated $434.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $466.4k during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN RISK MANAGEMENT AND DISCLOSURE PRACTICES IN THE PHYSICAL AND FINANCIAL TRADING AND MARKETING OF ELECTRICITY AND NATURAL GAS IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING GROUP INITIATIVES 1) ENTERPRISE RISK MANAGEMENT PRACTICESDEVELOPED AND PRODUCED EIGHT WEBINAR SESSIONS HOSTED BY A MEMBER COMPANY. ALLOWED MEMBER COMPANIES TO SHARE BEST PRACTICES FOR THE PRACTICAL IMPLEMENTATION OF ERM IN AN ENERGY COMPANY.2) RETAIL ENERGY PROVIDER RISK MANAGEMENTLAUNCHED AN INITIATIVE TO DEVELOP RECOMMENDED RISK MANAGEMENT PRACTICES FOR PROVIDERS OF ENERGY AT THE RETAIL LEVEL. OBJECTIVE FOR THE GROUP IS TO PUBLISH A COMPREHENSIVE AND DEFINITIVE WHITEPAPER FOR THIS SEGMENT OF THE INDUSTRY AS A GUIDELINE FOR COMPANIES AND PUBLIC UTILITY COMMISSIONS ALIKE.3) RISK METRICS AND BEST PRACTICESLAUNCHED AN INITIATIVE TO DEVELOP A LIST OF MOST RECOMMENDED KEY RISK INDICATORS FOR ANY TYPE OF ENERGY COMPANY. THESE INDICATORS PROVIDE ENERGY COMPANIES WITH CRITICAL INFORMATION RELATED TO POTENTIAL CHANGES IN RISKS THEY FACE ON THE HORIZON. 4) INDUSTRY-WIDE SURVEY OF RISK MANAGEMENT PRACTICESDEVELOPED QUESTIONS AND STRUCTURE FOR AN INDUSTRY-WIDE SURVEY OF ALL COMPANY INTERNAL PRACTICES RELATED TO THE RISK MANAGEMENT FUNCTION. THIS COMPREHENSIVE SURVEY IS OPEN TO NON-MEMBERS AND IS DESIGNED TO PROVIDE THE ENERGY INDUSTRY WITH OTHERWISE UNAVAILABLE INFORMATION ABOUT CURRENT INDUSTRY PRACTICES. A CRITICAL SOURCE FOR COMPANIES TO BENCHMARK THEIR OWN PRACTICES AND SUPPORT CHANGE INITIATIVES FOR IMPROVEMENT.
GENERAL MEMBER MEETINGS DURING THE YEAR, THREE GENERAL MEETINGS WERE HELD FOR MEMBERS AND INVITED GUESTS. EACH WAS A TWO-DAY MEETING COVERING CURRENT WORKING GROUP INITIATIVE PROGRESS AND WORK PLANS, AS WELL AS A ONE-DAY SYMPOSIUM ON SPECIAL TOPICS RELATED TO RISK MANAGEMENT. SYMPOSIUMS WERE ON: IT SECURITY AND THE CRO; ENTERPRISE RISK MANAGEMENT PRACTICES; AND CREDIT RISK MITIGATION INSTRUMENTS.
ADMITTED AS MEMBER OF CFTC MARKET RISK ADVISORY COMMITTEECOMMISSIONER BOWEN INVITED CCRO EXECUTIVE DIRECTOR TO REPRESENT CCRO MEMBER COMPANIES ON THIS SPECIAL PANEL OF THE COMMODITY FUTURES TRADING COMMISSION. THIS VOLUNTEER PANEL IS TO ADVISE THE CFTC COMMISSIONERS ON MATTERS RELATING TO RISK MANAGEMENT AND COMMODITY EXCHANGES AS WELL AS ENERGY REGULATIONS REGARDING COMMODITY MARKETS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Anderson Director | OfficerTrustee | 40 | $195,000 |
Gary Taylor Gl Head Of Risk | Trustee | 2 | $0 |
Morgan Davies Risk Control Di | Trustee | 2 | $0 |
Malinda Prudencio Chief Risk Offi | Trustee | 2 | $0 |
Paul Turner Partner | Trustee | 2 | $0 |
Nithya Venkatesan Vp, Risk | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $434,325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,325 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $211,651 |
| Compensation of current officers, directors, key employees. | $42,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,279 |
| Advertising and promotion | $702 |
| Office expenses | $16,438 |
| Information technology | $26,809 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $64,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $453 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $466,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $295,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $269,835 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $645,338 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,564 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,748 |
| Total liabilities | $92,312 |
| Net assets without donor restrictions | $553,026 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $645,338 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |