Chico Executive Group FY2023 filing

Not tax-deductible

Durham, CA501(c)(6)Community DevelopmentEIN 38-4206855Revenue $78K in FY2023

On file with the IRS8735 Pratt Ave, 95938-9517 · Durham, CATax-exempt since Jul 2023

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The mission of the organization is for local business leaders to meet on a monthly basis to process business, personal, and community issues that impact the economic activity in our greater region.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $28K a year · 26% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$78K
-51% vs prior year
Spent
$69K
To programs
96%
Net assets
$85K
By yearFY2022–FY2025
Revenue
$78K
FY2023▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2022$159K
FY2023$78K
FY2024$93K
FY2025$96K
Expenses
$69K
FY2023▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2022$83K
FY2023$69K
FY2024$79K
FY2025$82K
Net assets
$85K
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2022$76K
FY2023$85K
FY2024$98K
FY2025$112K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2023.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $67K Management & general 4% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
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
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 168 <$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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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

Connects local business leaders monthly to address issues impacting regional economic activity.

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Provided by the organization

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1 program · $67K · in their own filed words · FY2023
01

The organization currently has 32 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.

$67Kprogram expense

Funders

Who pays for it.

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

Grants

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$78K
Ln 12
Gifts and grantsLn 1h$78K
Money outPt IX
$69K
Ln 25
Programscol B$67K
Managementcol C$3K
Owns and owesPt X
$85K
net assets · Ln 32
Cash and savingsLn 1–2$85K
Total assetsLn 16$85K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Total revenueLn 12$78K
Assets in detailPt X, end of year
CashLn 1$85K
Cash and savings togetherLn 1–2$85K
Total assetsLn 16$85K
LiabilitiesLn 26$0
Net assetsLn 32$85K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$76K$85K
Total assetsLn 16$76K$85K
LiabilitiesLn 26$0$0
Net assetsLn 32$76K$85K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$67K$67K
Office expensesLn 13$600$600
Other expenses (24a–d)Ln 24$58$58
Total functional expensesLn 25$69K$67K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $96K$82K$13K$112K 990 PDF
FY2024 $93K$79K$14K$98K 990 PDF
FY2023 Viewing $78K$69K$8K$85K 990 PDF
FY2022 $159K$83K$76K$76K 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 FY2023 990 (6 parts)
Part I · Summary $77,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $159,481$77,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $159,481$77,500
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $83,068$69,122
I-18 Total expensesPrior year $83,068$69,122
I-19 Revenue less expensesPrior year $76,413$8,378
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $77,500 across 3 lines filed
VIII-1b Membership dues$77,500
VIII-1h Total contributions, gifts and grants$77,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$77,500
Part IX · Statement of functional expenses $69,122 across 4 lines filed
IX-11c Accounting feesManagement $1,962$1,962
IX-11g Other fees for servicesPrograms $66,502$66,502
IX-13 Office expensesManagement $600$600
IX-24 Other expenses (24a–d)Programs $58$58
IX-25 Total functional expensesPrograms $66,560 · Management $2,562 · Fundraising $0$69,122
Part X · Balance sheet $84,791 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $76,413$84,791
X-16 Total assetsStart of year $76,413$84,791
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $76,413$84,791
X-32 Total net assets or fund balancesStart of year $76,413$84,791
X-33 Total liabilities and net assetsStart of year $76,413$84,791
Part XI · Reconciliation of net assets $84,791 net assets at year end
XI-1 Total revenue$77,500
XI-2 Total expenses$69,122
XI-3 Revenue less expenses$8,378
XI-4 Net assets at start of year$76,413
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$84,791

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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