Chico Executive Group EIN 38-4206855

Chico Executive Group

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Connects local business leaders monthly to address issues impacting regional economic activity. For fiscal year 2025 it reported $96K in revenue, $82K in expenses, and $112K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Durham, CA
Filings
4 on file (2022–2025)
Revenue
$96KFY2025
Expenses
$82K
Net assets
$112K
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  38-4206855 Business league / trade association Durham, CA
Form 990 (PDF)
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Size
<$100K
What they do
Connects local business leaders monthly to address issues impacting regional economic activity.
Leadership
Margaret Schmidt · Board Member · $70K
Money in and out
$96K revenue, $82K expenses
Bottom line
+14% operating surplus
Membership & operating revenue · FY2025
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$82K
Pt IX · Ln 25
Net assets
$112K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Operating surplus
+14%
revenue over expenses▼ -5% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Program spending
99%
of expenses reach member services-0.02% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$96K
FY2025▲ +3%
Expenses
$82K
FY2025▲ +4%
Total assets
$112K
FY2025▲ +13%
Total liabilities
$0
FY2025
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$82K
Pt IX · Ln 25
Net assets
$112K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $81K of program spending, described in the organization's own filed words · FY2025.
01

The organization currently has 37 members that meet monthly. Various issues were discussed to help promote the economic activity within the county. Issues discussed included employee retention, attraction, performance, and discipline.

$81Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChico Executive Group
EINHdr · item D38-4206855
Principal addressHdr · item CDurham, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFJul 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$69,760Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Margaret Schmidt’s $70K as Board Member is at the 92nd percentile of top reported officer pay among 167 <$100K 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.

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Statement of Revenue

Part VIII
Contributions & grants100%$96K
Total revenueLn 12$96K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$81K
Management & general1%$1K
Total functional expensesLn 25$82K

Balance Sheet

Part X · end of year
CashLn 1$112K
Total assetsLn 16$112K
Total liabilitiesLn 26$0
Total net assetsLn 32$112K
Months of cash on handcomputed16.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112K · Operating expenses/yr $82K
16.3 months
Where the money goes
Program services
Program services $81K · Total expenses $82K
99%
Management & General
Management & general $1K · Total expenses $82K
1%
Fundraising
Fundraising $0 · Total expenses $82K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $89K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $96K · Total revenue $96K
100%
Government reliance
Government grants — · Total revenue $96K
Earned-income share
Program service revenue $0 · Total revenue $96K
0%
Investment reliance
Investment income $0 · Total revenue $96K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $82K
0%
Growth & trend
Revenue growth (YoY)
This year $96K · Prior year $93K
+3%
Net-asset trend (YoY)
End of year $112K · Beginning of year $98K
+13%
Balance sheet
Surplus Margin
Revenue $96K · Expenses $82K
+14%
Liabilities-to-Assets
Total liabilities $0 · Total assets $112K
0%
Net-asset ratio
Net assets $112K · Total assets $112K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $112K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Margaret Schmidt · Reported title BOARD MEMBER · Highest reported compensation $70K · Total expenses $82K
85%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $82K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 3%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $10K · 2024–2024
Boys and Girls Club of the North ValleyFY2024$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$96K revenue · viewing · ⤓ 990 PDF
FY2024$93K revenue · ⤓ 990 PDF
FY2023$78K revenue · ⤓ 990 PDF
FY2022$159K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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