Cpiwg Inc
- Assets
- $6.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 20-8626874
Organization Overview
Cpiwg Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cpiwg Inc 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, Cpiwg Inc generated $83.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $1.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE GROUP MEETS THREE TIMES EACH YEAR TO DISCUSS VARIOUS ISSUES AND FORM WORKING COMMITTEES TO ADDRESS ISSUES OF COMMON INTEREST TO THE DIRECT CP ISSUERS.NOTABLE ACCOMPLISHMENTS INCLUDING:-MAINTAINED CONTACT WITH DTC TO REFINE AND EXPAND BOOK ENTRY PROCESSING OF CP.-WORKED WITH THE FEDERAL RESERVE BOARD OF GOVERNORS AND OTHERS TO REENGINEER THE CP INDICES PUBLISHED IN THE FEDERAL RESERVES H.15 RELEASE. THIS EFFORT PRODUCED AN ACCURATE, UNBIASED MEASURE OF PLACEMENT COST PERFORMANCE FOR THE U.S. CP MARKET.-ESTABLISHED THE CP DIRECT ISSUER BENCHMARKING SURVEY. THIS SURVEY PRODUCED SINCE 1996, PROVIDES INFORMATION AND STATISTICS ON A WIDE RANGE OF TOPICS. THE STUDY FORMS THE BASIS FOR BEST PRACTICES DISCUSSIONS AMONG THE ISSUERS.-WORKED WITH BLOOMBERG TO ESTABLISH AUTO-EXECUTION FOR CP PURCHASES DIRECTLY FROM ISSUERS OVER BLOOMBERG.-PARTNERED WITH PRESCIENT MARKETS TO DEVELOP AND ESTABLISH THE CPMARKET.COM PLATFORM TO MAKE CP PLACEMENT OVER THE INTERNET A VIABLE AND AFFORDABLE REALITY FOR ISSUERS AND INVESTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Iudica President | 2 | $0 | |
Haiwen Hsu Treasurer | 2 | $0 | |
Gerry Loughman Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $83 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $240 |
| Total expenses | $1,040 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,484 |
| Other assets | $0 |
| Total assets | $6,484 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,484 |