Consumer Data Industry Association Inc
- Assets
- $6.2m
- Revenue
- $6.4m
- Investments
- $1.9m
- Employees
- 10
- Location
- Washington, DC
- Founding
- 10/1938
- Data as of
- 12/2022
- EIN
- 43-0164315
Organization Overview
Consumer Data Industry Association Inc is located in Washington, DC. The organization was established in 1938. 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, Consumer Data Industry Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Data Industry Association 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, Consumer Data Industry Association Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. While expenses have increased by 4.5% 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
PROVIDE CONSUMERS, MEDIA, LEGISLATORS/REGULATORS BENEFITS OF RESPONSIBLE USE OF CONSUMER DATA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS, REGULATORY AFFAIRS & JUDICIAL REPRESENTATION: TO SERVE AS THE INDUSTRY'S PRIMARY SPOKESPERSON ON ALL LEGISLATIVE AND REGULATORY MATTERS (FEDERAL/STATE/LOCAL). TO REPRESENT THE INDUSTRY'S INTERESTS IN RELEVANT JUDICIAL MATTERS. TO KEEP MEMBERS INFORMED OF CHANGES IN LAWS OR REGULATIONS THAT MAY AFFECT THEM.
PUBLIC RELATIONS/COMMUNICATIONS/RESEARCH/STANDARDS: TO ENCOURAGE THE UNDERSTANDING OF THE POSITIVE ECONOMIC AND PUBLIC SAFETY BENEFITS OF THE USE OF CONSUMER DATA FOR RISK DECISIONS BY MEDIA, CONSUMER INTEREST GROUPS, LEGISLATORS, REGULATORS AND THE GENERAL PUBLIC. TO CONDUCT DIRECTLY OR SPONSOR THIRD-PARTY RESEARCH, CONSUMER OPINION POLLS, ETC., THAT INFORM THE DIALOGUE REGARDING THE IMPORTANCE OF ENSURING THAT CONSUMER DATA CAN BE USED FOR RISK DECISIONS. TO SPONSOR ONGOING MEMBER DISCUSSIONS AND TO PARTICIPATE IN OTHER INTER-INDUSTRY/INTERNATIONAL DISCUSSIONS OF TECHNICAL STANDARDS REGARDING HOW DATA IS MANAGED OR GENERAL PRINCIPLES REGARDING INDUSTRY BEST PRACTICES.
EDUCATION SERVICES: TO PROVIDE ITS MEMBERS AND THEIR CUSTOMERS WITH BEST-IN-CLASS TRAINING PROGRAMS (E.G., IN-PERSON WORKSHOPS, WEBINARS, TELESEMINARS, ONLINE DISTANCE LEARNING PROGRAMS) WHICH ENCOURAGE ACCURATE DATA REPORTING, KNOWLEDGE OF LAWS, REGULATIONS, AND LEGAL OPINIONS WHICH AFFECT THE FLOW OF DATA USED FOR RISK AND OTHER DECISIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Creighton President And CEO | OfficerTrustee | 37.5 | $510,883 |
Guy Abramo Director | Trustee | 1 | $0 |
Jennifer Burns Director | Trustee | 1 | $0 |
Pete Carroll Director | Trustee | 1 | $0 |
Michael Crockett Director | Trustee | 1 | $0 |
Jason Engel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hudson Cook Llp Special Legislative Counsel | 12/30/22 | $687,072 |
Spencer Stuart Leadership Consultant | 12/30/22 | $155,466 |
Resolution Public Affairs Llc Special Legislative Counsel | 12/30/22 | $150,000 |
Gray Company Llc Strat/legis Advisor | 12/30/22 | $150,000 |
Clement & Murphy Pllc Strat/litigation Counsel | 12/30/22 | $276,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $6,413,569 |
| Investment income | $11,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,421,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $760,167 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,046,339 |
| Pension plan accruals and contributions | $94,878 |
| Other employee benefits | $166,134 |
| Payroll taxes | $110,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,084 |
| Fees for services: Accounting | $34,852 |
| Fees for services: Lobbying | $1,294,711 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $536,279 |
| Advertising and promotion | $0 |
| Office expenses | $36,823 |
| Information technology | $60,948 |
| Royalties | $0 |
| Occupancy | $232,843 |
| Travel | $58,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,889 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,193 |
| Insurance | $48,050 |
| All other expenses | $0 |
| Total functional expenses | $6,238,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $962,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $674,680 |
| 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 | $186,262 |
| Net Land, buildings, and equipment | $299,581 |
| Investments—publicly traded securities | $614,323 |
| Investments—other securities | $1,901,233 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,569,694 |
| Total assets | $6,208,049 |
| Accounts payable and accrued expenses | $357,428 |
| Grants payable | $0 |
| Deferred revenue | $327,156 |
| 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 | $2,061,707 |
| Total liabilities | $2,746,291 |
| Net assets without donor restrictions | $3,461,758 |
| 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 | $6,208,049 |