Virginia Council Of Ceos
- Assets
- $751.7k
- Revenue
- $979.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, VA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 54-2062061
Organization Overview
Virginia Council Of Ceos is located in Richmond, VA. The organization was established in 2002. 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 12/2021, Virginia Council Of Ceos employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Council Of Ceos 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, Virginia Council Of Ceos generated $979.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 9.0% 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
MAINTAINING AND FOSTERING THE ENTREPRENEURIAL SPIRIT AND PROVIDING FOR THE BENEFIT, BEST INTERESTS, COMMON OBJECTIVES, AND ASSOCIATION OF THOSE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEO ROUNDTABLES - FACILITATE THE GATHERING OF CEOS IN GROUPS TO SHARE IDEAS WITH OTHER NON-COMPETING BUSINESSES.
CEO RETREAT - A RETREAT TO FOCUS INTENSIVELY ON THE DEMANDS, CHALLENGES, AND GOALS OF SECOND STAGE GROWTH.
CEO FORUM - FACILITATE THE GATHERING OF CEOS FROM LARGER COMPANIES IN GROUPS TO SHARE IDEAS WITH OTHER NON-COMPETING BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scot Mcroberts Secretary & Executive Dire | Officer | 40 | $184,201 |
Sam Stone Chairman | OfficerTrustee | 3 | $0 |
Bob Clark Treasurer & Past Chairman | OfficerTrustee | 3 | $0 |
Corey Divine Vice Chairman | OfficerTrustee | 2 | $0 |
Connie Hom Director | Trustee | 1 | $0 |
Jennifer Boyden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,210 |
| 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 | $50,210 |
| Total Program Service Revenue | $928,471 |
| Investment income | $688 |
| 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 | $979,369 |
| 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. | $214,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,966 |
| Payroll taxes | $26,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $682 |
| Fees for services: Accounting | $9,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,108 |
| Advertising and promotion | $15,965 |
| Office expenses | $64,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,723 |
| Travel | $16,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $392,299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,952 |
| Insurance | $3,826 |
| All other expenses | $0 |
| Total functional expenses | $1,037,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,208 |
| Savings and temporary cash investments | $426,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $128 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,367 |
| Net Land, buildings, and equipment | $2,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $751,700 |
| Accounts payable and accrued expenses | $30,837 |
| Grants payable | $0 |
| Deferred revenue | $346,652 |
| 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 | $377,489 |
| Net assets without donor restrictions | $374,211 |
| 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 | $751,700 |
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