Chief Executives Organization INC FY2021 filing

Not tax-deductible

Washington, DC501(c)(6)Since 1958Community DevelopmentEIN 20-5778912

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To further the exchange and dissemination of ideas, experiences, and values.

$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.1M a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.2M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $72K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16.8M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
51
of 51 voting members
Looks good: 51 of 51 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.3M
-7% vs prior year
Spent
$12.3M
Net assets
$9.7M
By yearFY2020–FY2024
Revenue
$13.3M
FY2021▼ -7%
Revenue by fiscal year
FY2020$14.3M
FY2021$13.3M
FY2022$18.4M
FY2023$25.3M
FY2024$34.9M
Expenses
$12.3M
FY2021▼ -4%
Expenses by fiscal year
FY2020$12.8M
FY2021$12.3M
FY2022$18.1M
FY2023$24.2M
FY2024$33.3M
Net assets
$9.7M
FY2021▲ +22%
Net assets by fiscal year
FY2020$7.9M
FY2021$9.7M
FY2022$8.1M
FY2023$9.4M
FY2024$12.9M

From the FY2021 Form 990 (year ending October 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

58 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$410,504Pt VII · Sec A
Chief Financial Officer
$172,171Pt VII · Sec A
Director of Events
$138,896Pt VII · Sec A
Director of Education
$127,098Pt VII · Sec A
Director of IT
$125,583Pt VII · Sec A
Associate Director of Events
$120,000Pt VII · Sec A
Director Membership
$111,728Pt VII · Sec A
International Membership Chair
$0Pt VII · Sec A

Jennifer Lehmann Weng’s $532K as President & CEO is at the 81st percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Lehmann Weng$532,482$466,174$420,554$410,504$330,040
Francis Shafer$204,251$192,643$179,956$172,171$152,498
Stacy Bailine$196,417——$120,000$115,417
Stacy Baline—$186,333$136,000——
Richard Larimer$183,000$161,433———
Leah Romero$174,220$146,611$170,874$127,098$132,106
Natalie Noakes——$101,917$138,896$172,123
Maria Sheffler—$158,511$153,655$111,728$114,209

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes sharing of ideas, experiences, and values.

Provided by the organization

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3 programs · in their own filed words · FY2020
01

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.

Pt IX · col B
02

Digital Education

Ceo provides a portfolio of digital education offerings to its members. During the year, over 120 live virtual webcasts were offerred, with total combined attendance of 6,383. Digital offerings include world class resources on a series of topics ranging from geo-political, technology, health, and financial.

Pt IX · col B
03

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.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$72K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$13.3M
Ln 12
Fees for servicesLn 2g$12.0M
Gifts and grantsLn 1h$841K
Investment incomeLn 3$338K
Money outPt IX
$12.3M
Ln 25
Owns and owesPt X
$9.7M
net assets · Ln 32
Cash and savingsLn 1–2$12.1M
Total assetsLn 16$26.5M
LiabilitiesLn 26$16.8M
PeoplePt VI, VII
58
listed · VII A
PaidVII A7
Voting boardVI 1a51
IndependentVI 1b51
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$841K
Government grantsLn 1e$841K
Fees for servicesLn 2g$12.0M
Investment incomeLn 3$338K
Other incomeLn 4–11$33K
Gains on assetsLn 7$24K
Total revenueLn 12$13.3M
Assets in detailPt X, end of year
CashLn 1$449
SavingsLn 2$12.1M
Cash and savings togetherLn 1–2$12.1M
InvestmentsLn 11–13$11.8M
Land, buildings, equipmentLn 10c$733K
Other assetsLn 15$24K
Total assetsLn 16$26.5M
LiabilitiesLn 26$16.8M
Net assetsLn 32$9.7M
OperationsPt I, VI
EmployeesI 543
VolunteersI 6110
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$6.3M$12.1M
InvestmentsLn 11–13$9.7M$11.8M
Land, buildings, equipmentLn 10c$957K$733K
Total assetsLn 16$18.6M$26.5M
LiabilitiesLn 26$10.6M$16.8M
Net assetsLn 32$7.9M$9.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$751K
Other salaries and wagesLn 7$2.1M
Pension plan contributionsLn 8$155K
Other employee benefitsLn 9$113K
Payroll taxesLn 10$204K
Legal feesLn 11b$6K
Accounting feesLn 11c$59K
Investment management feesLn 11f$65K
Other fees for servicesLn 11g$237K
Office expensesLn 13$265K
Information technologyLn 14$577K
OccupancyLn 16$250K
TravelLn 17$471K
Conferences, conventions and meetingsLn 19$6.2M
Depreciation, depletion and amortizationLn 22$249K
InsuranceLn 23$188K
Other expenses (24a–d)Ln 24$415K
All other expensesLn 24e$97K
Total functional expensesLn 25$12.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $34.9M$33.3M$1.7M$12.9M 990 PDF
FY2023 $25.3M$24.2M$1.2M$9.4M 990 PDF
FY2022 $18.4M$18.1M$313K$8.1M 990 PDF
FY2021 Viewing $13.3M$12.3M$926K$9.7M 990 PDF
FY2020 $14.3M$12.8M$1.5M$7.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $13,253,841 across 7 lines filed
VIII-1e Government grants$841,082
VIII-1h Total contributions, gifts and grants$841,082
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,041,160$12,041,160
VIII-3 Investment incomeExcluded from tax $314,934$314,934
VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,532$23,532
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $33,133$33,133
VIII-12 Total revenueRelated to mission $12,041,160 · Unrelated business $0 · Excluded from tax $371,599$13,253,841
Part IX · Statement of functional expenses $12,327,775 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$750,614
IX-7 Other salaries and wages$2,074,396
IX-8 Pension plan contributions$155,493
IX-9 Other employee benefits$112,584
IX-10 Payroll taxes$203,677
IX-11b Legal fees$5,860
IX-11c Accounting fees$59,379
IX-11f Investment management fees$65,444
IX-11g Other fees for services$237,439
IX-13 Office expenses$265,403
IX-14 Information technology$577,120
IX-16 Occupancy$249,737
IX-17 Travel$470,654
IX-19 Conferences, conventions and meetings$6,150,803
IX-22 Depreciation, depletion and amortization$248,918
IX-23 Insurance$187,745
IX-24 Other expenses (24a–d)$415,222
IX-24e All other expenses$97,287
IX-25 Total functional expenses$12,327,775
Part X · Balance sheet $26,479,096 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,311$449
X-2 Savings and temporary cash investmentsStart of year $6,322,393$12,073,147
X-4 Accounts receivableStart of year $48,922$228,853
X-9 Prepaid expenses and deferred chargesStart of year $1,501,613$1,591,438
X-10c Land, buildings and equipment, netStart of year $957,321$732,542
X-11 Publicly traded securitiesStart of year $9,682,261$11,828,289
X-15 Other assetsStart of year $34,378$24,378
X-16 Total assetsStart of year $18,550,199$26,479,096
X-17 Accounts payable and accrued expensesStart of year $1,609,725$1,948,958
X-19 Deferred revenueStart of year $8,997,591$14,810,228
X-26 Total liabilitiesStart of year $10,607,316$16,759,186
X-27 Net assets without donor restrictionsStart of year $7,942,883$9,719,910
X-32 Total net assets or fund balancesStart of year $7,942,883$9,719,910
X-33 Total liabilities and net assetsStart of year $18,550,199$26,479,096
Part XI · Reconciliation of net assets $9,719,910 net assets at year end
XI-1 Total revenue$13,253,841
XI-2 Total expenses$12,327,775
XI-3 Revenue less expenses$926,066
XI-4 Net assets at start of year$7,942,883
XI-5 Net unrealized gains (losses) on investments$856,332
XI-9 Other changes in net assets−$5,371
XI-10 Net assets at end of year$9,719,910

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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