Civic Intelligence

Chief Executives Organization Inc

990 • Fiscal year 2022 • EIN 20-5778912

Nov 01, 2021 to Oct 31, 2022 • Filed on Sep 12, 2023

1825 K Street NW 1450Washington, DC 20006

(202) 813-1901

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.70x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

1.03x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2022

Net Margin

39th percentile

1.7%

Higher net margin than 39% of similar nonprofits.

2022 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$528,511

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2022 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2022

Asset Growth

51st percentile

1.8%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

39%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$26,958,700

Up $479,604 (+1.8%) from 2021

Net Assets

Down

$8,053,601

Down $1,666,309 (-17%) from 2021

Liabilities

Up

$18,905,099

Up $2,145,913 (+13%) from 2021

Revenue

Up

$18,432,792

Up $5,178,951 (+39%) from 2021

Expenses

Up

$18,119,621

Up $5,791,846 (+47%) from 2021

Net Income

Down

$313,171

Down $612,895 (-66%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $15,378,203Liabilities 2011: $10,192,265Net Assets 2011: $5,185,9382011Assets 2012: $13,501,911Liabilities 2012: $8,091,446Net Assets 2012: $5,410,4652012Assets 2013: $17,388,167Liabilities 2013: $11,041,945Net Assets 2013: $6,346,2222013Assets 2014: $17,221,700Liabilities 2014: $10,700,998Net Assets 2014: $6,520,7022014Assets 2015: $16,175,486Liabilities 2015: $9,773,901Net Assets 2015: $6,401,5852015Assets 2016: $13,294,512Liabilities 2016: $7,799,992Net Assets 2016: $5,494,5202016Assets 2017: $19,960,143Liabilities 2017: $13,872,719Net Assets 2017: $6,087,4242017Assets 2018: $18,747,972Liabilities 2018: $12,663,841Net Assets 2018: $6,084,1312018Assets 2019: $22,376,485Liabilities 2019: $15,210,411Net Assets 2019: $7,166,0742019Assets 2020: $18,550,199Liabilities 2020: $10,607,316Net Assets 2020: $7,942,8832020Assets 2021: $26,479,096Liabilities 2021: $16,759,186Net Assets 2021: $9,719,9102021Assets 2022: $26,958,700Liabilities 2022: $18,905,099Net Assets 2022: $8,053,6012022Assets 2023: $32,219,890Liabilities 2023: $22,839,267Net Assets 2023: $9,380,6232023Assets 2024: $36,484,819Liabilities 2024: $23,549,331Net Assets 2024: $12,935,4882024

Highlighted filing

2022

Assets$26,958,700
Liabilities$18,905,099
Net Assets$8,053,601

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2011: $11,667,176Expenses 2011: $11,157,759Net Income 2011: $509,4172011Revenue 2012: $15,672,082Expenses 2012: $15,444,279Net Income 2012: $227,8032012Revenue 2013: $14,266,768Expenses 2013: $13,659,307Net Income 2013: $607,4612013Revenue 2014: $15,853,854Expenses 2014: $15,299,455Net Income 2014: $554,3992014Revenue 2015: $18,283,280Expenses 2015: $17,768,015Net Income 2015: $515,2652015Revenue 2016: $16,335,572Expenses 2016: $16,848,368Net Income 2016: -$512,7962016Revenue 2017: $15,508,241Expenses 2017: $15,757,394Net Income 2017: -$249,1532017Revenue 2018: $22,167,936Expenses 2018: $21,551,468Net Income 2018: $616,4682018Revenue 2019: $19,460,518Expenses 2019: $18,894,738Net Income 2019: $565,7802019Revenue 2020: $14,305,658Expenses 2020: $12,839,109Net Income 2020: $1,466,5492020Revenue 2021: $13,253,841Expenses 2021: $12,327,775Net Income 2021: $926,0662021Revenue 2022: $18,432,792Expenses 2022: $18,119,621Net Income 2022: $313,1712022Revenue 2023: $25,345,997Expenses 2023: $24,188,782Net Income 2023: $1,157,2152023Revenue 2024: $34,935,557Expenses 2024: $33,277,801Net Income 2024: $1,657,7562024

Highlighted filing

2022

Revenue$18,432,792
Expenses$18,119,621
Net Income$313,171
Jump To
Filing Snapshot
Filing Period
Nov 1, 2021 to Oct 31, 2022
Signed
Sep 12, 2023
Return Version
2021v4.2
Gross Receipts
$26,809,306
Mission and Program Overview

Mission

The Chief Executives Organization, Inc. is a not-for-profit membership organization for chief executives who are graduate leaders from the Young Presidents Organization. The Organization's principal purposes are to further the exchange and dissemination of ideas, experiences, and values relating to business management through continuing education and idea exchange and to foster the improvement of executive practices.

To further the exchange and dissemination of ideas, experiences, and values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,828,289$11,016,636▼ $811,653
Savings and Temporary Cash Investments$12,073,147$10,239,141▼ $1,834,006
Prepaid Expenses and Deferred Charges$1,591,438$5,033,158▲ $3,441,720
Land, Buildings, and Equipment, Net$732,542$528,245▼ $204,297
Accounts Receivable$228,853$61,836▼ $167,017
Cash and Non-Interest-Bearing Accounts$449$1,015▲ $566
Total Assets$26,479,096$26,958,700▲ $479,604
Other Assets Total$24,378$78,669▲ $54,291
Liabilities
Deferred Revenue$14,810,228$17,055,007▲ $2,244,779
Accounts Payable and Accrued Expenses$1,948,958$1,525,367▼ $423,591
Other Liabilities$0$324,725▲ $324,725
Total Liabilities$16,759,186$18,905,099▲ $2,145,913
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,719,910$8,053,601▼ $1,666,309
Total Net Assets Fund Balance$9,719,910$8,053,601▼ $1,666,309
Total Liabilities and Net Assets / Fund Balance$26,479,096$26,958,700▲ $479,604

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$319,015$647,432$966,447
Leasehold Improvements$153,733$427,898$581,631
Other Land Buildings$55,497$144,246$199,743
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer Lehmann WengPresident & CEOFT$379,054$149,457$528,511
Francis ShaferChief Financial OfficerFT$159,956$77,587$237,543
Leah RomeroDirector, EducationFT$124,874$81,073$205,947
Maria ShefflerDirector, MembershipFT$121,155$49,556$170,711
Stacy BalineDirector, EventsFT$135,000$34,619$169,619
Sabria FarhatAssoc Dir, MembershipFT$132,942$30,821$163,763
Mary Grace Hathaway MeyersChief of StaffFT$126,500$13,402$139,902
Stephanie WilharmControllerFT$109,610$5,682$115,292
Natalie NoakesSenior Events Manager / Contracts ManagerFT$101,917$6,653$108,570

Board Members and Trustees

NameTitle
John ArnoldyInternational Chair of the Board
Roland SturmInternational Chair-elect
James KralikInternational Education Chair
Donald BollingerInternational Events Chair
Charles CrawfordInternational Finance Chair
Neil EverittInternational Marketing and Communications Chair
Timothy P BrownSenior Vice Chair
Jamsheed AmeriSENIOR VICE CHAIR-ELECT AND INT'L MEMBERSHIP CHAIR
Ahmad Al-sariDirector
Allan LiuDirector
Alvaro CofinoDirector
Andreas MadausDirector
Anthony StrangeDirector
Arni ThorsteinsonDirector
Christine TorettiDirector
Christophe SuchyDirector
Christopher DinsdaleDirector
Cidalia Luis-akbarDirector
Cordia HarringtonDirector
Eduard Dubbers-albrechtDirector
Eric JorgensenDirector
Ernest HigaDirector
Gregory JonesDirector
Hans Bogh-sorensenDirector
Isaac MorganDirector
Isabelle NussliDirector
Ishwar SubramanianDirector
John KottsDirector
Jon LoveDirector
Jorge De La GuardiaDirector
Kevin PerkinsDirector
Laura Franco HernaizDirector
Martin De RitoDirector
Michael MargolisDirector
Omar Al AskariDirector
PADRAIG O'CEIDIGHDirector
Peter BoweDirector
Richard GrecoDirector
Scott CarlsonDirector
Steve SansomDirector
Steven MyersDirector
Sujit KanoriaDirector
Tadahiro KawadaDirector
William RowleyDirector
Ziad El-khalilDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$177,302
Program Service Revenue
$18,044,830
Investment Income
$210,660
Other Revenue
$0
Change in Net Assets
$313,171

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,361,929
Revenue Not Reported on Financial Statements
$70,863
Revenue Not Reported on Form 990
$-1,979,480
Other Revenue Adjustments
$-1,076
Total Revenue per Audited Statements
$16,382,449
Total Revenue per Form 990
$18,432,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,032,143
Salaries, Compensation, and Employee Benefits$4,087,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$11,401,684
Other Salaries and Wages---$2,503,699
Current Officers, Directors, Trustees, and Key Employees---$1,214,240
Information Technology---$616,139
Office Expenses---$406,945
Fees for Services Other---$311,582
Depreciation Depletion---$262,985
Occupancy---$256,720
Payroll Taxes---$241,678
Travel---$209,348
Insurance---$197,118
Other Employee Benefits---$87,335
Fees for Service Investment Mgmnt Fees---$71,939
Fees for Services Accounting---$62,730
Pension Plan Contributions---$40,526
Fees for Services Legal---$18,570
Other Expenses---$8,702
Total Functional Expenses$0$0$0$18,119,621

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,119,621
Total Expenses per Audited Statements$18,048,758
Expenses per Audited Statements$18,047,682
Expenses Not Reported on Financial Statements$71,939
Expenses Not Reported on Form 990$1,076
International Activity

International Summary

Offices
0
Employees
5
Spending
$6,584,250

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Program ServicesEducational Events01$2,422,523
Middle East and North AfricaProgram ServicesEducational Events00$1,983,239
Sub-saharan AfricaProgram ServicesEducational Events00$1,051,629
East Asia and the PacificProgram ServicesEducational Events02$695,836
North America (which Includes Canada and Mexico, But Not the U.s.)Program ServicesEducational Events01$386,387
South AsiaProgram ServicesEducational Events01$44,636
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$158,611
Deferred Lease Liability$111,823
Deferred Comp Plan Liabilities$54,291
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has two classes of members, (1) members and (2) honorary members. Members of the organization shall be former leaders of the young presidents organization (ypo), who reached the age of forty-eight and who have been recommended for membership by the membership committee. Prospective members must be approved by the board of directors. Honorary members are either former members of the ypo selected for their singular contribution to ceo or non-ypo members selected for distinctive accomplishments in their respective fields.

Form 990, Part VI, Section A, Line 7A

Directors of the board are elected by the membership at its annual meeting.

Form 990, Part VI, Section A, Line 7B

Members are entitled to vote on all matters raised at meetings of the members of the organization. The annual meeting of the members is held at the site and time of an event held at the end of the fiscal year for the purpose of electing directors and transacting other business.

Form 990, Part VI, Section B, Line 11B

The organization provides the secretary/treasurer with a copy of the form 990 and it was made available for review by the board of directors.

Form 990, Part VI, Section B, Line 12C

A questionnaire is sent annually to every ceo board member. They are asked a series of questions including whether they have a business or family relationship with any other officer, director, trustee, or key employee of the organization. They are also asked to describe any business transactions, including dollar amount and percentage of ownership, made with the conflicting party. Any family members who are employed by the organization are also disclosed.

Form 990, Part VI, Section B, Line 15

For the president & ceo, comparability data is analyzed and compensation is recommended by the compensation committee, which consists of the current international chair, international chair-elect, senior vice chair, senior vice chair-elect, senior vice-chair elect-elect, and the current international finance chair, and approved by the executive committee, which may exercise the authority of the board in this matter. A performance review is conducted annually, immediately following the close of the fiscal year, by the compensation committee and approved by the executive committee. For senior management and staff, the president & ceo makes recommmendations to the compensation committee, who will then approve, disapprove or provide modifications.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Chief Executives Organization Inc
EIN
20-5778912
Phone
2028131901
Address
1825 K STREET NW 1450, WASHINGTON, DC 20006
Doing Business As
CEO

Signing Officer

Name
Jennifer Lehmann Weng
Title
President and CEO
Phone
2028131901
Signed
2023-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Lehmann Weng
Formed
1958
Legal Domicile
De
Voting Board Members
45
Independent Board Members
45
Employees
31
Volunteers
110

Preparer

Firm
Marcum Llp
Address
1899 L STREET NW 850, WASHINGTON, DC 20036
Preparer
Aaron M Fox
Phone
2028225000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Foreign currency adjustment -42,242.

Form 990, Part XII, Line 2C

The audit oversight process has remained unchanged from the previous year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income tax under section 501(c)(6) of the internal revenue code (irc). However, the organization is subject to taxes on its unrelated business activities, should any exist. The organization had no taxable unrelated business income for the years ended october 31, 2022 and 2021.

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IRS990/Desc0MEETINGS AND SEMINARS. CEO OFFERS A DYNAMIC EDUCATION EXPERIENCE THROUGH OUR ANNUAL AND ROTATING SERIES OF PROGRAMS WITH PREMIER UNIVERSITIES AND GLOBAL SEMINARS. MEMBERS HAVE ACCESS TO WORLD-CLASS FACULTY AND LEARNING OPPORTUNITIES, TAKING ADVANTAGE OF A UNIQUE, TAILORED-TO-CEO IMMERSIVE PROGRAMS. EDUCATION THROUGH AN ACTION APPROACH INCLUDES HANDS-ON EXCERCISES AND COLLABORATIVE TEAM-BASED ACTIVITIES FOR A TRULY IMPACTFUL LEARNING EXPERIENCE. CEO PROVIDES GLOBAL SEMINARS THROUGHOUT THE YEAR BRINGING MEMBERS TOGETHER FOR UNIQUE EXPERIENTIAL LEARNING, FURTHERING EXCHANGE AND DISSEMINATION OF IDEAS, NETWORKING, AND UNPARALLELED OPPORTUNITIES TO ELEVATE LEADERSHIP SKILLS THROUGH EDUCATION.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
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IRS990/Form990PartVIISectionAGrp/PersonNm2TIMOTHY P BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMSHEED AMERI
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES KRALIK
IRS990/Form990PartVIISectionAGrp/PersonNm5DONALD BOLLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES CRAWFORD
IRS990/Form990PartVIISectionAGrp/PersonNm7NEIL EVERITT
IRS990/Form990PartVIISectionAGrp/PersonNm8OMAR AL ASKARI
IRS990/Form990PartVIISectionAGrp/PersonNm9AHMAD AL-SARI
IRS990/Form990PartVIISectionAGrp/PersonNm10HANS BOGH-SORENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm11PETER BOWE
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IRS990/Form990PartVIISectionAGrp/PersonNm19LAURA FRANCO HERNAIZ
IRS990/Form990PartVIISectionAGrp/PersonNm20RICHARD GRECO
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IRS990/Form990PartVIISectionAGrp/PersonNm30CIDALIA LUIS-AKBAR
IRS990/Form990PartVIISectionAGrp/PersonNm31ANDREAS MADAUS
IRS990/Form990PartVIISectionAGrp/PersonNm32MICHAEL MARGOLIS
IRS990/Form990PartVIISectionAGrp/PersonNm33ISAAC MORGAN
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IRS990/Form990PartVIISectionAGrp/PersonNm38WILLIAM ROWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm39STEVE SANSOM
IRS990/Form990PartVIISectionAGrp/PersonNm40ANTHONY STRANGE
IRS990/Form990PartVIISectionAGrp/PersonNm41ISHWAR SUBRAMANIAN
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IRS990/Form990PartVIISectionAGrp/PersonNm43ARNI THORSTEINSON
IRS990/Form990PartVIISectionAGrp/PersonNm44CHRISTINE TORETTI
IRS990/Form990PartVIISectionAGrp/PersonNm45JENNIFER LEHMANN WENG
IRS990/Form990PartVIISectionAGrp/PersonNm46FRANCIS SHAFER
IRS990/Form990PartVIISectionAGrp/PersonNm47LEAH ROMERO
IRS990/Form990PartVIISectionAGrp/PersonNm48MARIA SHEFFLER
IRS990/Form990PartVIISectionAGrp/PersonNm49SABRIA FARHAT
IRS990/Form990PartVIISectionAGrp/PersonNm50MARY GRACE HATHAWAY MEYERS
IRS990/Form990PartVIISectionAGrp/PersonNm51STEPHANIE WILHARM
IRS990/Form990PartVIISectionAGrp/PersonNm52NATALIE NOAKES
IRS990/Form990PartVIISectionAGrp/PersonNm53STACY BALINE
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$23.5$12.9$34.9$33.3$1.66
2023Detailed filing. Detailed filing data is available for this year.$32.2$22.8$9.38$25.3$24.2$1.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$18.9$8.05$18.4$18.1$0.31
2021Detailed filing. Detailed filing data is available for this year.$26.5$16.8$9.72$13.3$12.3$0.93
2020Detailed filing. Detailed filing data is available for this year.$18.6$10.6$7.94$14.3$12.8$1.47
2019Detailed filing. Detailed filing data is available for this year.$22.4$15.2$7.17$19.5$18.9$0.57
2018Detailed filing. Detailed filing data is available for this year.$18.7$12.7$6.08$22.2$21.6$0.62
2017Detailed filing. Detailed filing data is available for this year.$20.0$13.9$6.09$15.5$15.8$0.25
2016Detailed filing. Detailed filing data is available for this year.$13.3$7.80$5.49$16.3$16.8$0.51
2015Detailed filing. Detailed filing data is available for this year.$16.2$9.77$6.40$18.3$17.8$0.52
2014Summary only. Only limited summary data is available for this year.$17.2$10.7$6.52$15.9$15.3$0.55
2013Summary only. Only limited summary data is available for this year.$17.4$11.0$6.35$14.3$13.7$0.61
2012Summary only. Only limited summary data is available for this year.$13.5$8.09$5.41$15.7$15.4$0.23
2011Summary only. Only limited summary data is available for this year.$15.4$10.2$5.19$11.7$11.2$0.51
Peer Organizations

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