Chief Executives For Corporate Purpose Inc
Chief Executives For Corporate Purpose Inc experiences recent deficits while maintaining a stable asset base.
EIN: 134024259 · New York, NY · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $6.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $6.1M |
| Net Assets | $1.9M |
| Transparency Score | 75/100 |
Is Chief Executives For Corporate Purpose Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chief Executives For Corporate Purpose Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chief Executives For Corporate Purpose Inc
Chief Executives For Corporate Purpose Inc (EIN: 134024259) is a nonprofit organization based in New York, NY, classified under NTEE code T50. The organization reported total revenue of $6.1M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chief Executives For Corporate Purpose Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chief Executives For Corporate Purpose Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-585,231 |
| Total Assets | $5.2M |
| Total Liabilities | $3.3M |
| Net Assets | $1.9M |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 63.0% |
| Months of Reserves | 10.3 months |
Financial Health Grade: C
In 2023, Chief Executives For Corporate Purpose Inc reported a deficit of $585K with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 63.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chief Executives For Corporate Purpose Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.7% | +13.3% | -3.6% |
| 2022 | -16.4% | +7.9% | -9.1% |
| 2021 | +9.3% | -7.3% | +23.1% |
| 2020 | +6.4% | -8.1% | +13.0% |
| 2019 | -4.3% | +15.6% | -14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chief Executives For Corporate Purpose Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Chief Executives For Corporate Purpose Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $585K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods, which is unusual for an organization of this revenue size ($6.1M latest revenue). This suggests either a volunteer executive leadership or that compensation is reported under different categories, requiring further investigation of the full 990 forms for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chief Executives For Corporate Purpose Inc's IRS 990 filings:
- Consistent deficit spending in the last two reported periods (2022 and 2023), with expenses exceeding revenue.
- Unusual reporting of 0% officer compensation across all filings for an organization of this size, potentially indicating a lack of transparency in executive compensation details without further investigation.
Strengths
The following positive indicators were identified for Chief Executives For Corporate Purpose Inc:
- Long operational history with 13 filings, indicating stability and experience.
- Maintains a healthy asset base ($4,366,972 latest assets) despite recent deficits, providing a financial cushion.
- Consistent revenue generation, generally above $3 million annually, demonstrating a stable funding base.
Frequently Asked Questions about Chief Executives For Corporate Purpose Inc
Is Chief Executives For Corporate Purpose Inc a legitimate charity?
Chief Executives For Corporate Purpose Inc (EIN: 134024259) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.1M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Chief Executives For Corporate Purpose Inc spend its money?
Chief Executives For Corporate Purpose Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Chief Executives For Corporate Purpose Inc tax-deductible?
Chief Executives For Corporate Purpose Inc is registered as a tax-exempt nonprofit (EIN: 134024259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chief Executives For Corporate Purpose Inc CEO make?
Chief Executives For Corporate Purpose Inc's highest-compensated officer earns $6.1M annually. The organization reported $6.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chief Executives For Corporate Purpose Inc's spending goes to programs?
Chief Executives For Corporate Purpose Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chief Executives For Corporate Purpose Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Chief Executives For Corporate Purpose Inc is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chief Executives For Corporate Purpose Inc located?
Chief Executives For Corporate Purpose Inc is headquartered in New York, New York and files with the IRS under EIN 134024259. It is classified under NTEE code T50.
How many years of IRS 990 filings does Chief Executives For Corporate Purpose Inc have?
Chief Executives For Corporate Purpose Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.1M in total revenue.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization with annual revenues in the multi-million dollar range. This could indicate that executive leadership is compensated through a related organization, as independent contractors, or that the positions are genuinely unpaid. Further review of the full 990 forms, specifically Part VII, Section A, would be necessary to understand the full compensation structure for key employees and officers.
What is the cause of the recent deficit spending in 2022 and 2023?
In 2023, expenses ($6,104,187) exceeded revenue ($5,518,956), and in 2022, expenses ($5,389,588) also surpassed revenue ($4,983,700). This trend of spending more than earned in consecutive years could be due to increased program costs, one-time investments, or a temporary dip in fundraising. A detailed look at the expense categories in the full 990s would clarify the specific drivers of these deficits.
How does the organization plan to address the recent trend of expenses exceeding revenue?
While the provided data doesn't detail future plans, the organization has experienced deficits in the last two reported periods (2023 and 2022). Sustained deficit spending can erode assets over time. It would be important to understand if the organization has strategies in place to increase revenue or control expenses to return to a more financially sustainable position.
Filing History
IRS 990 filing history for Chief Executives For Corporate Purpose Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chief Executives For Corporate Purpose Inc's revenue has grown by 174.3%, moving from $2.0M to $5.5M. Total assets increased by 72% over the same period, from $3.0M to $5.2M. Total functional expenses rose by 237.9%, from $1.8M to $6.1M. In its most recent filing year (2023), Chief Executives For Corporate Purpose Inc reported a deficit of $585K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $5.2M in assets (debt-to-asset ratio: 63.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $6.1M | $5.2M | $3.3M | — | View 990 |
| 2022 | $5.0M | $5.4M | $5.4M | $2.9M | — | View 990 |
| 2021 | $6.0M | $5.0M | $6.0M | $3.1M | — | — |
| 2020 | $5.5M | $5.4M | $4.9M | $2.9M | — | — |
| 2019 | $5.1M | $5.9M | $4.3M | $2.4M | — | View 990 |
| 2018 | $5.4M | $5.1M | $5.0M | $2.4M | — | View 990 |
| 2017 | $3.9M | $4.9M | $4.6M | $2.3M | — | View 990 |
| 2016 | $5.3M | $3.7M | $5.6M | $2.3M | — | View 990 |
| 2015 | $3.0M | $2.6M | $3.6M | $1.9M | — | View 990 |
| 2014 | $2.8M | $2.4M | $3.6M | $2.2M | — | View 990 |
| 2013 | $1.8M | $2.5M | $2.5M | $1.5M | — | View 990 |
| 2012 | $2.1M | $2.2M | $3.0M | $1.3M | — | View 990 |
| 2011 | $2.0M | $1.8M | $3.0M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $6.1M, and assets of $5.2M (revenue +10.7% year-over-year).
- 2022: Revenue of $5.0M, expenses of $5.4M, and assets of $5.4M (revenue -16.4% year-over-year).
- 2021: Revenue of $6.0M, expenses of $5.0M, and assets of $6.0M (revenue +9.3% year-over-year).
- 2020: Revenue of $5.5M, expenses of $5.4M, and assets of $4.9M (revenue +6.4% year-over-year).
- 2019: Revenue of $5.1M, expenses of $5.9M, and assets of $4.3M (revenue -4.3% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.1M, and assets of $5.0M (revenue +38.7% year-over-year).
- 2017: Revenue of $3.9M, expenses of $4.9M, and assets of $4.6M (revenue -27.1% year-over-year).
- 2016: Revenue of $5.3M, expenses of $3.7M, and assets of $5.6M (revenue +74.3% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.6M, and assets of $3.6M (revenue +9.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.4M, and assets of $3.6M (revenue +51.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.5M, and assets of $2.5M (revenue -13.2% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.2M, and assets of $3.0M (revenue +4.4% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.8M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chief Executives For Corporate Purpose Inc:
Data Sources and Methodology
This transparency report for Chief Executives For Corporate Purpose Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.