Council Of Public Relations Firms
- Assets
- $2.5m
- Revenue
- $1.9m
- Investments
- $240.2k
- Employees
- 5
- Location
- New York, NY
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 13-4011840
Organization Overview
Council Of Public Relations Firms is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Council Of Public Relations Firms employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Of Public Relations Firms is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Council Of Public Relations Firms generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNCIL OF PUBLIC RELATIONS FIRMS, INC. IS A TRADE ASSOCIATION FOR THE (CONTINUED IN SCHEDULE O) PUBLIC RELATIONS INDUSTRY. IT ADVOCATES ON BEHALF OF THE INDUSTRY WHERE PUBLIC RELATIONS IS A STRATEGIC BUSINESS TOOL, AND IT PROVIDES MANAGEMENT SUPPORT SERVICES TO ITS MEMBER FIRMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING MEMBERS ATTRACT AND RETAIN HIGH PERFORMING AND DIVERSE TALENT WAS A KEY PRIORITY. THE COUNCIL CONTINUED TO ADVISE MEMBERS ON DE&I ACTION PLANS AND HELP TO FULFILL THOSE ACTION STEPS. THE COUNCIL PROVIDED A NUMBER OF TRAININGS FOR CEOS AND STAFF ON DEI TOPICS AND OTHER BUSINESS CRITICAL SKILLS.
DEMONSTRATING THE VALUE OF PUBLIC RELATIONS AGENCIES IS THE COUNCIL'S PRIORITY. THE COUNCIL HAS DEVELOPED AN ADVOCACY PROGRAM THAT CONSISTS OF RESEARCH, CLIENT AND SCHOOL OUTREACH, AND PUBLIC RELATIONS.
THE COUNCIL PROVIDED BUSINESS MANAGEMENT SUPPORT, WITH A FOCUS ON HELPING MEMBERS NAVIGATE THE CONTINUING PANDEMIC, TAKE ADVANTAGE OF THE ENORMOUS BUSINESS OPPORTUNITY AND MANAGE THROUGH THE TALENT SHORTAGE. EFFORTS INCLUDED BENCHMARKING SURVEYS (OVERALL AGENCY COSTS, BILL RATES, AND SALARY), EXPERT WEBINARS, COMMUNITY MEETINGS AS WELL AS L&D OPPORTUNITIES.IN ORDER TO EDUCATE AND KEEP YOUNG TALENT ENGAGED WITH THE INDUSTRY, THE COUNCIL OFFERED THE AGENCY-READY CERTIFICATE PROGRAM FOR A THIRD YEAR.
COMMUNICATING THE BENEFITS OF MODERN PR AGECIES WAS A KEY FOCUS AREA. EFFORTS INCLUDED INDUSTRY FORUM PARTICIPATION, SPEAKING ENGAGEMENTS, LOCAL AND NATIONAL EVENT SPONSORSHIP, AND COLLABORATION WITH OTHER INDUSTRY ASSOCIATIONS TO RAISE AWARENESS OF THE COUNCIL'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Santoro Treasurer & Board Director | OfficerTrustee | 1 | $0 |
Ellen R Mardiks Vice Chair - Ex. Comm. & Bd | OfficerTrustee | 1 | $0 |
Teneshia J Warner Secretary - Ex. Comm. & Bd | OfficerTrustee | 1 | $0 |
Jj Carter Chair - Ex. Comm. & Bd | OfficerTrustee | 1 | $0 |
Michelle F Welch Board Director | Trustee | 1 | $0 |
Diana Littman Board Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,635,373 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,635,373 |
| Total Program Service Revenue | $218,767 |
| Investment income | $13,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,855,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,280 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $502,534 |
| Compensation of current officers, directors, key employees. | $68,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,432 |
| Pension plan accruals and contributions | $20,145 |
| Other employee benefits | $22,454 |
| Payroll taxes | $41,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,366 |
| Fees for services: Accounting | $44,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,965 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,149 |
| Travel | $9,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,350 |
| Insurance | $13,163 |
| All other expenses | $21,190 |
| Total functional expenses | $1,542,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,523 |
| Savings and temporary cash investments | $1,658,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,027 |
| Net Land, buildings, and equipment | $2,232 |
| Investments—publicly traded securities | $378,111 |
| Investments—other securities | $240,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,565 |
| Total assets | $2,451,319 |
| Accounts payable and accrued expenses | $165,267 |
| Grants payable | $0 |
| Deferred revenue | $415,113 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $580,380 |
| Net assets without donor restrictions | $1,870,939 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,451,319 |
Grants Awarded
Over the last fiscal year, Council Of Public Relations Firms has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CPRE PURPOSE: SUPPORT PR PROFESSIONAL INDUSTRY ORGANIZATION | $10,000 |
DIVERSITY ACTION ALLIANCE PURPOSE: SUPPORT PR PROFESSIONAL INDUSTRY ORGANIZATION | $7,500 |