Virginia Council Of Ceos
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Richmond, VA
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 54-2062061
Organization Overview
Virginia Council Of Ceos is located in Richmond, VA. The organization was established in 2002. 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, Virginia Council Of Ceos employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Council Of Ceos 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, Virginia Council Of Ceos generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 7.8% 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
MAINTAINING AND FOSTERING THE ENTREPRENEURIAL SPIRIT AND PROVIDING FOR THE BENEFIT, BEST INTERESTS, COMMON OBJECTIVES, AND ASSOCIATION OF THOSE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEO ROUNDTABLES - FACILITATE THE GATHERING OF CEOS IN GROUPS TO SHARE IDEAS WITH OTHER NON-COMPETING BUSINESSES.
CEO RETREAT - A RETREAT TO FOCUS INTENSIVELY ON THE DEMANDS, CHALLENGES, AND GOALS OF SECOND STAGE GROWTH.
CEO FORUM - FACILITATE THE GATHERING OF CEOS FROM LARGER COMPANIES IN GROUPS TO SHARE IDEAS WITH OTHER NON-COMPETING BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Lee Vice Chairman | OfficerTrustee | 2 | $0 |
Corey Divine Chairman | OfficerTrustee | 3 | $0 |
Matt Holland Director | Trustee | 1 | $0 |
Jennifer Boyden Treasurer | OfficerTrustee | 2 | $0 |
Ron Carey Director | Trustee | 1 | $0 |
Chris Leone Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,127,625 |
| Investment income | $751 |
| 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 | $1,128,376 |
| 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. | $235,287 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,122 |
| Payroll taxes | $23,919 |
| Fees for services: Management | $39,203 |
| Fees for services: Legal | $220 |
| Fees for services: Accounting | $24,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,829 |
| Office expenses | $70,453 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,165 |
| Travel | $20,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $436,197 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,401 |
| Insurance | $3,919 |
| All other expenses | $0 |
| Total functional expenses | $1,034,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,841 |
| Savings and temporary cash investments | $576,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,343 |
| 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 | $87,536 |
| Net Land, buildings, and equipment | $2,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $999,995 |
| Accounts payable and accrued expenses | $56,632 |
| Grants payable | $0 |
| Deferred revenue | $441,460 |
| 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 | $498,092 |
| Net assets without donor restrictions | $501,903 |
| 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 | $999,995 |