Chief Executives Organization Inc
- Assets
- $18.6m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 43
- Location
- Washington, DC
- Founding
- 01/2007
- Data as of
- 10/2020
- EIN
- 20-5778912
Organization Overview
Chief Executives Organization Inc, operating under the name Ceo, is located in Washington, DC. The organization was established in 2007. 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. As of 10/2020, Ceo employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ceo 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 10/2020, Ceo generated $14.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $12.8m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE EXCHANGE AND DISSEMINATION OF IDEAS, EXPERIENCES, AND VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS & SEMINARS: THE ORGANIZATION HAS A CAPPED MEMBERSHIP OF 2,000. MEETINGS AND SEMINARS ARE HELD THROUGHOUT THE YEAR IN ORDER TO BRING THESE MEMBERS TOGETHER FOR THE FURTHER EXCHANGE AND DISSEMINATION OF IDEAS AND INFORMATION RELATING TO FINANCE, ECONOMICS, AND OTHER GLOBAL ISSUES.
PUBLICATIONS: OTHER PROGRAMS THAT AID IN THE IMPROVEMENTS OF EXECUTIVE PRACTICES ARE THE PUBLICATIONS ISSUED BY THE ORGANIZATION DURING THE YEAR. THESE PUBLICATIONS INCLUDE MEMBER DIRECTORIES, SEMI-ANNUAL CEO COMPASS MAGAZINE AND EVENT CATALOGUES, AND PERIODIC EMAIL BROADCASTS. THE ORGANIZATION ALSO HAS A MEMBERS-ONLY WEB SITE CONTAINING PERTINENT INFORMATION ABOUT THE ORGANIZATION'S ACTIVITIES AND ALLOWS COMMUNICATION BETWEEN MEMBERS FROM ALL AROUND THE GLOBE.
DIGITAL EDUCATION: CEO PROVIDES A PORTFOLIO OF DIGITAL EDUCATION OFFERINGS TO ITS MEMBERS. DURING THE YEAR, 135 LIVE VIRTUAL WEBCASTS WERE OFFERED WHICH INCLUDED WORLD CLASS RESOURCES ON A SERIES OF TOPICS RANGING FROM GEO-POLITICAL, TECHNOLOGY, HEALTH, AND FINANCIAL. THE EXPANSION OF THE DIGITAL OFFERINGS RESULTED IN ENHANCED LEARNING OPPORTUNITIES FOR THE MEMBERSHIP AND INCREASED ENGAGEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Lehmann Weng President & CEO | Officer | 50 | $330,040 |
Natalie Noakes Director Of Events | Officer | 50 | $172,123 |
Francis Shafer Chief Financial Officer | Officer | 50 | $152,498 |
Leah Romero Director Of Education | 50 | $132,106 | |
Stacy Bailine Associate Director Of Even | 50 | $115,417 | |
Maria Sheffler Director Membership | 50 | $114,209 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Belvedere Hotel Partnership Hotel | 10/30/20 | $154,624 |
Prosourcing Partners Llc Consulting Services | 10/30/20 | $122,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,675 |
| Investment income | $264,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $963,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,305,658 |
| Statement of Expenses | |
|---|---|
| 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. | $812,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,987,058 |
| Pension plan accruals and contributions | $218,254 |
| Other employee benefits | $171,679 |
| Payroll taxes | $226,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,154 |
| Fees for services: Accounting | $74,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,502 |
| Fees for services: Other | $234,731 |
| Advertising and promotion | $0 |
| Office expenses | $286,584 |
| Information technology | $556,404 |
| Royalties | $0 |
| Occupancy | $275,539 |
| Travel | $2,425,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,810,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,954 |
| Insurance | $166,926 |
| All other expenses | $0 |
| Total functional expenses | $12,839,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,311 |
| Savings and temporary cash investments | $6,322,393 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,922 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,501,613 |
| Investments—publicly traded securities | $9,682,261 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,378 |
| Total assets | $18,550,199 |
| Accounts payable and accrued expenses | $1,609,725 |
| Grants payable | $0 |
| Deferred revenue | $8,997,591 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,607,316 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,942,883 |
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