CTO Forum INC

Not tax-deductible

Santa Clara, CA501(c)(6)Community DevelopmentEIN 26-3855445

CTO Forum is organized and operates exclusively to promote the common business interests of Chief Technology Officers and other executives and professionals involved with technology.

$415K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $88K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$415K
to officers and key staff · 23% of spending
Top officer’s pay higher than 85% of similar orgs
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-3% vs prior year
Spent
$1.8M
To programs
0%
Net assets
$806K
By yearFY2020–FY2024
Revenue
$1.9M
FY2024▼ -3%
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.4M
FY2023$2.0M
FY2024$1.9M
Expenses
$1.8M
FY2024▲ +5%
Expenses by fiscal year
FY2020$1.1M
FY2021$1.7M
FY2022$1.5M
FY2023$1.7M
FY2024$1.8M
Net assets
$806K
FY2024▼ -12%
Net assets by fiscal year
FY2020$865K
FY2021$641K
FY2022$557K
FY2023$915K
FY2024$806K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2017.

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

Who runs it and what they're paid

2 people listed on the 990; $415K paid to officers and key staff.

Part VII, Section A · reportable compensation
$295,000Pt VII · Sec A
Marketing & Social Media Manager
$120,000Pt VII · Sec A

Basheer Janjua’s $295K as President is at the 85th percentile of top reported officer pay among 2832 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Basheer Janjua$295,000$283,654$283,654$295,000
Emiko Bardwil$120,000$110,000$110,000$110,000

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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Connects technology leaders to share business interests and advance their professions.

Provided by the organization

This section is blank until CTO Forum INC claims this page.

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1 program service account for $908K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, CTO Forum continued advancing its mission by convening top technology executives and educators to explore and address the most pressing issues in digital leadership, innovation, and enterprise transformation.

$908Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.9M
Money outPt IX
$1.8M
Ln 25
Owns and owesPt X
$806K
net assets · Ln 32
Cash and savingsLn 1–2$498K
Total assetsLn 16$836K
LiabilitiesLn 26$29K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.9M
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$498K
Cash and savings togetherLn 1–2$498K
Land, buildings, equipmentLn 10c$97K
Total assetsLn 16$836K
LiabilitiesLn 26$29K
Net assetsLn 32$806K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$332K$498K
Land, buildings, equipmentLn 10c$163K$97K
Total assetsLn 16$735K$836K
LiabilitiesLn 26$48K$29K
Net assetsLn 32$686K$806K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$415K
Payroll taxesLn 10$24K
Legal feesLn 11b$104K
Office expensesLn 13$173
OccupancyLn 16$2K
TravelLn 17$36K
Conferences, conventions and meetingsLn 19$931K
InterestLn 20$204
Depreciation, depletion and amortizationLn 22$72K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$50K$50K
All other expensesLn 24e$168K
Total functional expensesLn 25$1.8M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.9M$1.8M$120K$806K 990 PDF
FY2023 $2.0M$1.7M$252K$915K 990 PDF
FY2022 $1.4M$1.5M−$85K$557K 990 PDF
FY2021 $1.5M$1.7M−$223K$641K 990 PDF
FY2020 $1.5M$1.1M$376K$865K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,929,500 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,929,500$1,929,500
VIII-12 Total revenueRelated to mission $1,929,500 · Unrelated business $0 · Excluded from tax $0$1,929,500
Part IX · Statement of functional expenses $1,809,493 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$415,000
IX-10 Payroll taxes$24,014
IX-11b Legal fees$103,554
IX-13 Office expenses$173
IX-16 Occupancy$1,713
IX-17 Travel$36,428
IX-19 Conferences, conventions and meetings$931,473
IX-20 Interest$204
IX-22 Depreciation, depletion and amortization$72,342
IX-23 Insurance$6,789
IX-24 Other expenses (24a–d)Management $49,721$49,721
IX-24e All other expenses$168,082
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,809,493
Part X · Balance sheet $835,816 assets, 9 lines filed
Asset lines not itemized here account for $245,058; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $331,689$498,377
X-9 Prepaid expenses and deferred chargesStart of year −$4,752−$4,752
X-10c Land, buildings and equipment, netStart of year $163,387$97,133
X-16 Total assetsStart of year $734,743$835,816
X-17 Accounts payable and accrued expensesStart of year $48,315$29,381
X-26 Total liabilitiesStart of year $48,315$29,381
X-27 Net assets without donor restrictionsStart of year $686,428$806,435
X-32 Total net assets or fund balancesStart of year $686,428$806,435
X-33 Total liabilities and net assetsStart of year $734,743$835,816
Part XI · Reconciliation of net assets $806,435 net assets at year end
XI-1 Total revenue$1,929,500
XI-2 Total expenses$1,809,493
XI-3 Revenue less expenses$120,007
XI-4 Net assets at start of year$686,428
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$806,435

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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