Color Marketing Group
- Assets
- $196.0k
- Revenue
- $225.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 04/1966
- Data as of
- 12/2023
- EIN
- 52-6055100
Organization Overview
Color Marketing Group is located in Washington, DC. The organization was established in 1966. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Color Marketing Group 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 12/2023, Color Marketing Group generated $225.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $310.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 9 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
PROMOTES USE OF COLOR IN PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLOR MARKETING GROUP IS AN INTERNATIONAL NOT-FOR-PROFIT ASSOCIATION OF 300 COLOR DESIGNERS. CMG MEMBERS FORECAST COLOR 18 MONTHS OR MORE IN ADVANCE FOR ALL INDUSTRIES, MANUFACTURED PRODUCTS AND SERVICES. THESE CONSUMER/RESIDENTIAL AND CONTRACT/COMMERCIAL PRODUCTS INCLUDE TRANSPORTATION, VISUAL COMMUNICATIONS, TECHNOLOGY, HOME, CONSUMER GOODS, JUVENILE PRODUCTS, FASHION, ACTION/RECREATION, HEALTH CARE, HOSPITALITY/ENTERTAINMENT, OFFICE, RETAIL, AND PUBLIC SPACES.
CMG'S INTERNATIONAL CONFERENCES AND MEETINGS PROVIDE A FORUM FOR THE EXCHANGE OF NON-COMPETITIVE INFORMATION ON ALL PHASES OF COLOR MARKETING INCLUDING COLOR TRENDS AND COMBINATIONS, DESIGN INFLUENCES, MERCHANDISING AND SALES, EDUCATION, AND INDUSTRY CONTACTS. CMG'S MAJOR FOCUS IS TO FORECAST THE DIRECTION IN WHICH COLOR IS DEVELOPING ACROSS MULTIPLE INDUSTRIES. THESE COLOR FORECASTS ARE ACHIEVED THROUGH THE COLLABORATIVE EFFORTS OF CMG MEMBERS WHO PREPARE THEIR OWN INDIVIDUAL COLOR FORECAST IN ADVANCE OF THE COLOR FORECAST MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Griffis Executive Director | OfficerTrustee | 35 | $175,410 |
Peggy Van Allen President | OfficerTrustee | 15 | $0 |
Montaha Hidefi VP Color Forecasting | OfficerTrustee | 5 | $0 |
Paula Leonard VP Communications | OfficerTrustee | 5 | $0 |
Sandy Sampson VP Education | OfficerTrustee | 5 | $0 |
Renee Hytry-Derrington Secretary | OfficerTrustee | 5 | $0 |
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 | $497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497 |
| Total Program Service Revenue | $224,238 |
| Investment income | $28 |
| 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 | $382 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,145 |
| 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. | $185,113 |
| 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 | $12,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,616 |
| Fees for services: Accounting | $26,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,278 |
| Office expenses | $35,228 |
| Information technology | $21,408 |
| Royalties | $0 |
| Occupancy | $630 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,293 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $629 |
| Insurance | $3,959 |
| All other expenses | $4,900 |
| Total functional expenses | $310,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,754 |
| Savings and temporary cash investments | $174,884 |
| 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 | $6,361 |
| Net Land, buildings, and equipment | $1,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,047 |
| Accounts payable and accrued expenses | $825 |
| Grants payable | $0 |
| Deferred revenue | $70,710 |
| 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 | $71,535 |
| Net assets without donor restrictions | $124,512 |
| 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 | $196,047 |