Consumer Technology Association
- Assets
- $357.8m
- Revenue
- $25.5m
- Investments
- $26.8m
- Employees
- 168
- Location
- Arlington, VA
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 54-1963355
Organization Overview
Consumer Technology Association, operating under the name Ces, is located in Arlington, VA. 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 12/2021, Ces employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ces 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 12/2021, Ces generated $25.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $52.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ces has awarded 100 individual grants totaling $7,360,117. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE COMMON BUSINESS INTERESTS OF MEMBER ENGAGED IN/ASSOCIATED WITH THE MANUFACTURE, SALE, AND/OR DISTRIBUTION OF CONSUMER TECHNOLOGY PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CES - EXPAND, STRENGTHEN & GROW THE CONSUMER TECHNOLOGY INDUSTRY BY SERVING AS THE CENTER STAGE FOR THE LATEST TECHNOLOGICAL INNOVATION, AND BY CREATING THE BEST ANNUAL FORUM TO NETWORK, GET INDUSTRY KNOWLEDGE, AND PROMOTE COMPANIES AND PRODUCTS TO THE MEDIA AND THE INTERNATIONAL CONSUMER ELECTRONICS WORKPLACE.
GOVERNMENT AND LEGAL AFFAIRS - MONITOR STATE AND FEDERAL LEGISLATION AND FEDERAL REGULATIONS, AND ASSESS THE POTENTIAL EFFECTS ON THE CONSUMER TECHNOLOGY INDUSTRY.
COMMUNICATIONS - FAMILIARIZE CONSUMERS WITH NEW TECHNOLOGIES AND PROMOTE THE SALES OF CONSUMER TECHNOLOGY GENERALLY, AND TO DISSEMINATE QUALITY INFORMATION ABOUT MEMBERS' SPECIFIC PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Shapiro President And CEO | Officer | 40 | $2,576,478 |
Glenda Macmullin Treasurer | Officer | 40 | $896,466 |
Michael Petricone Sr. Vp, Government Affairs | Officer | 40 | $738,300 |
Karen Chupka Evp, Ces | Officer | 40 | $677,267 |
Jean Foster Sr Vp, Marketing & Commu. | Officer | 40 | $530,714 |
Brian E Markwalter Sr. Vp, Research & Standards | 40 | $527,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Microsoft Corporation Ces Digital Venue | 12/30/21 | $3,479,108 |
Venetian Las Vegas Ces Venue | 12/30/21 | $2,258,103 |
Wynn Las Vegas Ces Venue | 12/30/21 | $1,547,727 |
Freeman Decorating Contractor For Ces | 12/30/21 | $1,500,000 |
Rpms Inc Transport Contractor | 12/30/21 | $1,871,115 |
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 | $18,282,679 |
| Investment income | $10,953,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$973,022 |
| Net Gain/Loss on Asset Sales | -$4,024,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,474,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $760,000 |
| 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. | $7,412,986 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,583,156 |
| Pension plan accruals and contributions | $1,748,573 |
| Other employee benefits | $1,915,969 |
| Payroll taxes | -$1,405,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,146,351 |
| Fees for services: Accounting | $143,407 |
| Fees for services: Lobbying | $1,863,389 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $293,164 |
| Fees for services: Other | $4,995,907 |
| Advertising and promotion | $1,660,567 |
| Office expenses | $695,044 |
| Information technology | $929,833 |
| Royalties | $0 |
| Occupancy | $1,594,786 |
| Travel | $148,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,912,806 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $432,235 |
| Insurance | $278,979 |
| All other expenses | $389,851 |
| Total functional expenses | $52,474,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,591,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,235,279 |
| Loans from Officers, Directors, or Controlling Persons | $30,380 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,076,810 |
| Net Land, buildings, and equipment | $40,379,786 |
| Investments—publicly traded securities | $204,618,611 |
| Investments—other securities | $26,751,931 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,077,039 |
| Total assets | $357,760,838 |
| Accounts payable and accrued expenses | $7,557,106 |
| Grants payable | $0 |
| Deferred revenue | $84,592,921 |
| 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 | $6,169,150 |
| Total liabilities | $98,319,177 |
| Net assets without donor restrictions | $259,441,661 |
| 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 | $357,760,838 |
Grants Awarded
Over the last fiscal year, Consumer Technology Association has awarded $1,100,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: GENERAL SUPPORT | $1,000,000 |
Las Vegas, NV PURPOSE: GENERAL SUPPORT | $20,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $15,000 |
Arlington, VA PURPOSE: GENERAL SUPPORT | $15,000 |
Arlington, VA PURPOSE: GENERAL SUPPORT | $10,000 |
Oakton, VA PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Consumer Technology Association has recieved totaling $370,325.
| Awarding Organization | Amount |
|---|---|
Central Indiana Corporate Partnership Inc Indianapolis, IN PURPOSE: CONSUMER TECHNOLOGY ASSOCIATION CONSUMER ELECTRONICS SHOW 2021 EXHIBITOR | $177,600 |
Central Indiana Corporate Partnership Inc Indianapolis, IN PURPOSE: ESN IAC -CES EXHIBITOR 2022 | $177,600 |
Nextfifty Initiative Denver, CO PURPOSE: 2021 GRANT | $10,000 |
Liora And Levy Gerzberg Family Foundation Los Altos, CA PURPOSE: MISSION IS TO LINK SENIORS AND DISABLED PERSONS WITH TECHNOLOGIES TO ENHANCE THEIR LIVES. | $5,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Bankers Association Washington, DC | $263,742,289 | $140,712,476 |
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |