Technology Ceo Council Inc
- Assets
- $1.3m
- Revenue
- $750.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/1990
- Data as of
- 07/2023
- EIN
- 52-1642776
Organization Overview
Technology Ceo Council Inc is located in Washington, DC. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Ceo Council 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 07/2023, Technology Ceo Council Inc generated $750.4k 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 (7.1%) each year. All expenses for the organization totaled $604.5k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TCCS MISSION IS TO PROMOTE THE COMPETITIVENESS OF THE U.S. TECH SECTOR AND ADVANCE TECH-BASED SOLUTIONS TO GLOBAL CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL COMPETITIVENESS ADVOCACY: ENCOURAGED PASSAGE & IMPLEMENTATION OF THE CHIPS ACT, ENGAGING OFFICIALS AND POLICYMAKERS IN CONGRESS & THE ADMINISTRATION. EMPHASIZED THE IMPORTANCE OF MARKET ACCESS AND INTERNATIONAL MARKETS TO GLOBAL LEADERSHIP WHEN CONSIDERING LIMITS ON EXPORTS OR INVESTMENT, RECOMMENDING HIGH WALLS AROUND SMALL GARDENS. URGED HOLISTIC POLICY APPROACHES THAT CONSIDERED INNOVATION, TAX, TRADE & INFRASTRUCTURE COLLECTIVELY.
AI, EMERGING TECHNOLOGIES & THE FOURTH INDUSTRIAL REVOLUTION: WORKED TO EXPAND APPRECIATION FOR NEW TECHNOLOGIES CAPACITY TO INCREASE POST-PANDEMIC U.S. ECONOMIC PRODUCTIVITY THROUGH MORE WIDESPREAD ADOPTION, FOCUSING MOST HEAVILY ON EMERGING TECHNOLOGIES SUCH AS ADVANCED SEMICONDUCTORS AND ARTIFICIAL INTELLIGENCE. URGED THOUGHTFUL APPROACHES TO AI OVERSIGHT THAT ENCOURAGED COMPETITION & INNOVATION AND FOCUSED ON RISK RATHER THAN TECHNOLOGY.
RESTORING TRUST IN THE TECHNOLOGY INDUSTRY: WORKED TO HELP POLICY MAKERS UNDERSTAND HOW THE AMERICAN TECHNOLOGY INDUSTRY IS MUCH BROADER THAN AD-SUPPORTED SOCIAL MEDIA PLATFORMS, AND HOW TARGETED REFORMS AND CONSUMER PROTECTIONS (RATHER THAN BROAD-BASED REGULATION) COULD BEST RESTORE CONSUMERS TRUST IN INNOVATION AND INNOVATORS AND MITIGATE CONCERNS OVER COMPETITION & CONSUMER PROTECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arvind Krishna CEO Ibm | Trustee | 0.25 | $0 |
Patrick Gelsinger CEO Intel | Trustee | 0.25 | $0 |
Michael Dell CEO Dell | Trustee | 0.25 | $0 |
Enrique Lores CEO Hp` | Trustee | 0.25 | $0 |
Safra Catz CEO Oracle | OfficerTrustee | 0.25 | $0 |
Cristiano Amon CEO Qualcomm | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mehlman Castagnetti Rosen & Thomas Inc Professional Service | 7/30/18 | $627,851 |
Raffetto Herman Strategic Communications Llc Public Relations | 7/30/18 | $102,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $750,000 |
| 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 | $750,000 |
| Total Program Service Revenue | $0 |
| Investment income | $398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,398 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $559,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $557 |
| Total functional expenses | $604,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,850 |
| Savings and temporary cash investments | $1,185,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,337,480 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,337,480 |
| Total liabilities and net assets/fund balances | $1,337,480 |