Consumer Technology Association FY2020 filing

Not tax-deductible

Arlington, VA501(c)(6)Since 1999Community Development EIN 54-1963355Revenue $130.0M in FY2020

On file with the IRScta.tech1919 South Eads Street, 22202-3028 · Arlington, VATax-exempt since Apr 2000

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Promoting the common business interests of member engaged in/associated with the manufacture, sale, and/or distribution of Consumer Technology products.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$7.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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 $8.7M a year · 9% 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
$7.4M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $214.7M in investments, Pt X · Ln 11–13
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $162K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$40.4M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$130.0M
Spent
$104.1M
To programs
0%
Net assets
$275.3M
By yearFY2020–FY2024
Revenue
$130.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$130.0M
FY2021$25.5M
FY2022$81.4M
FY2023$115.4M
FY2024$153.8M
Expenses
$104.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$104.1M
FY2021$52.5M
FY2022$91.9M
FY2023$102.7M
FY2024$111.7M
Net assets
$275.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$275.3M
FY2021$259.4M
FY2022$218.4M
FY2023$251.2M
FY2024$293.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Apr 2000.

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

Who runs it and what they're paid

24 people listed on the 990; $7.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$2,923,225Pt VII · Sec A
$807,652Pt VII · Sec A
SR VP, Government Affairs
$717,185Pt VII · Sec A
Former Secretary/EVP, Ces
$678,861Pt VII · Sec A
SR VP, Pol. & Ind. Affairs
$504,062Pt VII · Sec A
SR VP, Research & Standards
$503,908Pt VII · Sec A
SR VP, Marketing & Commu.
$496,914Pt VII · Sec A
Staff VP Policy & Reg. Affairs
$397,094Pt VII · Sec A

Gary Shapiro’s $3.4M as CEO is at the 91st percentile of top reported officer pay among 44 $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
Gary Shapiro$3,361,687$3,120,336$2,988,464$2,576,478$2,923,225
Karen Chupkathru 033122——$1,297,023——
Glenda Macmullin$962,641$916,823$890,014$896,466$807,652
Michael Petricone$834,271$770,757$756,936$738,300$717,185
Jean Fosterthru 091422——$690,174——
Karen Chupka———$677,267$678,861
Brian Markwalter$603,375————
Tiffany Moore$598,228$573,456$550,314$524,899—

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 II1 listed

Programs and updates

Advocates for businesses making, selling, or distributing consumer technology products.

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3 programs · in their own filed words · FY2020
01

Ces

Expand, strengthen & grow the consumer technology industry by serving as the center stage for the latest technological innovation, and by creating the best annual forum to network, get industry knowledge, and promote companies and products to the media and the international consumer electronics workplace.

Pt IX · col B
02

Communications

Familiarize consumers with new technologies and promote the sales of consumer technology generally, and to disseminate quality information about members' specific products.

Pt IX · col B
03

Government and Legal Affairs

Monitor state and federal legislation and federal regulations, and assess the potential effects on the consumer technology industry.

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 · received and paid
Grants received · FY2024
AARPFY2024$36K
Total grants receivedfrom 3 funders$162K
See all 3 funders →
Grants paid · 62 grants · $5.5M · 2020–2024
See all 62 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$130.0M
Ln 12
Fees for servicesLn 2g$127.4M
Investment incomeLn 3$2.7M
Money outPt IX
$104.1M
Ln 25
Owns and owesPt X
$275.3M
net assets · Ln 32
Cash and savingsLn 1–2$42.4M
Total assetsLn 16$315.7M
LiabilitiesLn 26$40.4M
PeoplePt VI, VII
24
listed · VII A
PaidVII A10
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$127.4M
Investment incomeLn 3$2.7M
Gains on assetsLn 7−$6.4M
Total revenueLn 12$130.0M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$42.4M
Cash and savings togetherLn 1–2$42.4M
InvestmentsLn 11–13$214.7M
Land, buildings, equipmentLn 10c$42.5M
Other assetsLn 15$14.1M
Total assetsLn 16$315.7M
LiabilitiesLn 26$40.4M
Net assetsLn 32$275.3M
OperationsPt I, VI
EmployeesI 5168
VolunteersI 666
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 FY20End FY20
Cash and savingsLn 1–2$91.4M$42.4M
InvestmentsLn 11–13$197.0M$214.7M
Land, buildings, equipmentLn 10c$43.9M$42.5M
Total assetsLn 16$370.8M$315.7M
LiabilitiesLn 26$136.7M$40.4M
Net assetsLn 32$234.2M$275.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$422K$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$6.4M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$20.2M
Pension plan contributionsLn 8$2.0M
Other employee benefitsLn 9$2.3M
Payroll taxesLn 10$1.5M
Management feesLn 11a$0
Legal feesLn 11b$2.2M
Accounting feesLn 11c$121K
Lobbying feesLn 11d$3.1M
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$145K
Other fees for servicesLn 11g$13.1M
Advertising and promotionLn 12$4.3M
Office expensesLn 13$3.0M
Information technologyLn 14$973K
RoyaltiesLn 15$0
OccupancyLn 16$1.9M
TravelLn 17$287K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$36.8M
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$930K
InsuranceLn 23$338K
Other expenses (24a–d)Ln 24$2.3M$0$0$0
All other expensesLn 24e$516K
Total functional expensesLn 25$104.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $153.8M$111.7M$42.1M$293.9M 990 PDF
FY2023 $115.4M$102.7M$12.7M$251.2M 990 PDF
FY2022 $81.4M$91.9M−$10.5M$218.4M 990 PDF
FY2021 $25.5M$52.5M−$27.0M$259.4M 990 PDF
FY2020 Viewing $130.0M$104.1M$25.9M$275.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $129,966,525 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $124,639,612$127,438,766
I-10 Investment incomePrior year $14,583,347$2,733,318
I-11 Other revenuePrior year −$400,493−$205,559
I-12 Total revenuePrior year $138,822,466$129,966,525
I-13 Grants and similar amounts paidPrior year $1,874,071$1,570,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $32,570,835$32,380,573
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $82,204,028$70,100,209
I-18 Total expensesPrior year $116,648,934$104,050,782
I-19 Revenue less expensesPrior year $22,173,532$25,915,743
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $129,966,525 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $127,211,352 · Unrelated business $227,414$127,438,766
VIII-3 Investment incomeExcluded from tax $9,133,839$9,133,839
VIII-5 Royalties$0
VIII-6 Net rental income or lossUnrelated business $5,837 · Excluded from tax −$1,193,882−$1,188,045
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$6,400,521−$6,400,521
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $982,486$982,486
VIII-12 Total revenueRelated to mission $128,193,838 · Unrelated business $233,251 · Excluded from tax $1,539,436$129,966,525
Part IX · Statement of functional expenses $104,050,782 across 31 lines filed
IX-1 Grants to domestic organizations$1,148,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$422,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$6,360,801
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$20,242,745
IX-8 Pension plan contributions$1,980,068
IX-9 Other employee benefits$2,305,604
IX-10 Payroll taxes$1,491,355
IX-11a Management fees$0
IX-11b Legal fees$2,211,692
IX-11c Accounting fees$121,479
IX-11d Lobbying fees$3,144,214
IX-11f Investment management fees$145,483
IX-11g Other fees for services$13,129,655
IX-12 Advertising and promotion$4,291,092
IX-13 Office expenses$3,035,284
IX-14 Information technology$973,470
IX-15 Royalties$0
IX-16 Occupancy$1,861,561
IX-17 Travel$287,168
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$36,835,468
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$929,624
IX-23 Insurance$337,596
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$2,280,314
IX-24e All other expenses$516,109
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$104,050,782
Part X · Balance sheet $315,651,970 assets, 24 lines filed
Asset lines not itemized here account for $40,506; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $91,425,525$42,377,249
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $639,343$712,580
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $2,048,990$1,224,409
X-10c Land, buildings and equipment, netStart of year $43,946,377$42,509,664
X-11 Publicly traded securitiesStart of year $179,319,904$193,785,517
X-12 Other securitiesStart of year $16,171,724$19,407,123
X-13 Program-related investmentsStart of year $1,540,060$1,540,060
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $35,720,802$14,054,862
X-16 Total assetsStart of year $370,821,108$315,651,970
X-17 Accounts payable and accrued expensesStart of year $9,805,311$7,270,371
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $120,919,911$27,160,023
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $5,938,854$5,923,811
X-26 Total liabilitiesStart of year $136,664,076$40,354,205
X-27 Net assets without donor restrictionsStart of year $234,157,032$275,297,765
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $234,157,032$275,297,765
X-33 Total liabilities and net assetsStart of year $370,821,108$315,651,970
Part XI · Reconciliation of net assets $275,297,765 net assets at year end
XI-1 Total revenue$129,966,525
XI-2 Total expenses$104,050,782
XI-3 Revenue less expenses$25,915,743
XI-4 Net assets at start of year$234,157,032
XI-5 Net unrealized gains (losses) on investments$13,923,281
XI-9 Other changes in net assets$1,301,709
XI-10 Net assets at end of year$275,297,765

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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